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Wednesday, May 21, 2008

BLOG-Oil execs defend huge profits before Senate
gas.jpgAssociated Press recently released an article (5/21/2008) -- where the Senate might be trying to help the general public. The Senate didn't go so far as to say the oil companies were gouging Americans but ...

Top executives from five of the largest oil companies lead a Senator to "accuse them of acting like "hapless victims" while racking up record profits."

"Patrick Leahy, D-Vt., told the executives there's "a disconnect" between normal supply and demand and the skyrocketing price of oil  ... that the industry has yet to explain."

Exxon Mobil Corp's Executive Vice President, J. Stephen Simon said "profits have been huge "in absolute terms" but must be viewed in the context of the massive scale of the industry."  ... high earnings are needed "in the current up cycle" to pay for investments in the long term when profits will be down."

"'Current up cycle,' that's a nice term, replied Leahy with sarcasm, "when people can't afford to go to work" because gasoline is costing close to $4 a gallon."

Simon said his total compensation in 2007 was $12.5 million ,while Exxon made $40 billion.

Executive Vice President, John Lowe, of ConocoPhillips Co. and Vice Chairman, Peter Robertson of Chevron Corp. said they didn't recall their total compensations. John Hofmeister, President of Shell Oil Co., said his 2007 compensation was "about $2.2 million" but was not among the top five salaries at his company's international parent. Chairman Robert Malone, of BP America Inc., put his compensation at "in excess of $2 million."

Sen. Arlen Specter, R-Pa., said Exxon's annual profits increased from $11.5 billion to $40.6 billion in the past five years, and there was no explanation for "why profits have gone up so high when the consumer is suffering so much."

The five companies earned $36  billion during the first quarter of 2008.

"Appearing under oath before the Senate Judiciary Committee, said they know high prices are hurting people, but they said the cause is not company profits but global supply and demand. "

"Senate Democrats recently announced an energy package that would tax "windfall" profits of the five companies. That might have public appeal, Lowe told the senators, but oil companies should not be viewed as "a scapegoat" for high prices."

The Senators did not appreciate Lowe's response.

You have "just a litany of complaints that you're all just hapless victims of a system," SenatorDianne Feinstein, D-Calif., told the executives. "Yet you rack up record profits ... quarter after quarter after quarter."

"... I don't feel like a victim at all," replied Robertson of Chevron, saying that he was proud of his company's investments in future supply.

"The issue is simple," said Leahy. "People we represent are hurting, the companies you represent are profiting."


I haven't ridden my bicycle for nearly 30 years, but I've taken it down from the ceiling hooks in the garage ... new tires, helmet and a basket for the "short grocery runs" -- besides saving gas, I'll be getting into shape, too.
[end of blog]
3:31 pm mdt 

BLOG-The definition of a word ...

I bought some software on March 28 and received "Mail-In Rebates" worth $70.00 at the cash register. The requirements for the savings were pretty cut and dry:

"To receive the Mail-In Savings, you MUST include the following:
1. The completed mail-in savings form;
2. The original sales receipt showing the selected item(s) purchased. Note: All qualified items must be listed on the same receipt.
3. The original 12-digit UPC from the item(s).


Okay, I mailed all the requested information on April 25 -- 28 days FROM March 28. (If you don't believe me, I've got a calendar calculator on my HOME page.) Sunday, April 27 would have been 30 days, and of course, the Post Office can't postmark something for Sunday.

Yesterday, I receive a postcard stating "Thank you for purchasing our products; unfortunately your submission for the offer is invalid for the following reason: Submission was postmarked 30 days from Purchase Date."

WTF - the words "within" and "from" -- either way, the postmark met the 30-day requirement.

They've got a notation "If you have questions, please call (800) ..." You can bet they are going to be getting a call.
[end of blog]

8:27 am mdt 

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With a typing speed of 120 wpm, Carolyn Bodley began offering independent contractor/secretarial and transcription services to the Denver metro legal community in 1992.

I am not a court reporter or medical transcriptionist and I don't videotape depositions -- I'm strictly a legal transcriptionist which means putting spoken words on paper. All my transcripts contain a certification stating that to the best of my knowledge, belief and ability, the audio/video I received has not been altered in any way, and the transcript is true, accurate and complete. I have never been advised that a court rejected one of my audio or video transcripts. If my transcript is rejected by the court, you will be reimbursed in full for my services. Because I certify that the transcript is true and complete, the entire audio/video must be transcribed--I am unable to transcribe "just a portion" that you need. 

I guarantee that your transcripts will be typed confidentially, accurately and with attention to detail at a fair price.

  • Discovery is often turned over in a format other than hard copy. This discovery includes, but is not limited to, recorded telephone conversations, police interviews, depositions, investigations, witness statements, and more. The audio and video "words" need to be put to paper, and your already overworked legal staff often don't have the skills, equipment, the inclination or the time.
  • Discovery is often the deciding factor of whether a case goes to trial. Most of us hear, but do we listen? Recently I transcribed a video that had been viewed and listened to several times and by several people before I transcribed it. There was a one sentence statement that not one person caught -- this one sentence was not the only reason the case was dismissed one day before trial--however, it carried quite a bit of weight -- and I'm the only one that "heard" it. Had the video never been transcribed, how many other words would never have been heard?

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