Hafnium

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Tuesday, October 6, 2009

Just one ASARCO Bankruptcy Attorney-firm will make almost twice the amount that the entire Paso del Norte Region will get for the whole clean-up


"Baker Botts, Asarco’s law firm, took in $2.5 million in August for its work on the case, bringing the firm’s total payments to more than $104 million during the bankruptcy."

"A doctor tells a rich old man that he's going to die if he doesn't get a new heart soon. The old man tells the doctor to search the world for the best heart available, money is no object. A few days later the doctor calls the old man and says he has found three hearts but they are all expensive. The old man reminds the doctor that he is filthy rich and implores him to tell him about the donors they came from.....'Well this one belonged to a 58 year-old man, smoked three packs of cigarettes a day, weighed over 300 pounds, never exercised, drank like a fish... this heart is going for $500,000!!!' 'Five-hundred grand?!?!', the old man exclaimed, 'why so expensive?'

'Well', said the doctor, 'this heart belonged to a lawyer... so it was never used!'http://www.geocities.com/Tokyo/Villa/3059/

Google News Alert for: asarco bankruptcy

Asarco keeps profiting in bankruptcy
Arizona Daily Star - Tucson,AZ,USA
Since filing for bankruptcy in August, 2005, four years ago, Asarco has made a profit of about $1.54 billion, while pulling in revenue of $5.47 billion.

Monday, October 5, 2009

Massive secret ASARCO contamination epicenter is less than 15 miles from the SANTA TERESA FOREIGN TRADE ZONE

NMEDD was notified of the ASARCO secret toxic waste problem in 2006 when Gov. Richardson and the NMEDD rep. came to Sunland Park, N.M.  -- now, EPA is considering making NMED's Ron Curry head of the EPA region (TX, NM, OK) even though Curry also is ignoring the contamination.   How irresponsible can our government get?   Our lives along the border count as much as any in Northern New Mexico....

"February 4, 2008
o. 505-476-3747, c. 505-231-1488 Santa Teresa Foreign Trade Zone Expands Expansion will allow creation of “Binational Campus” SANTA FE, NM –New Mexico Economic Development Department’s (NMEDD) Cabinet Secretary Fred Mondragón today announced the expansion of the Foreign Trade Zone (FTZ) in Santa Teresa, NM. The expanded FTZ provides manufacturers, suppliers and logistics suppliers in Doña Ana County the opportunity to locate on the U.S.-Mexico border adjacent to the Santa Teresa-San Jeronimo Port of Entry, near Union Pacific Railroad’s planned $150 million fueling and intermodal facility linking Santa Teresa with Juarez, Chihuahua and U.S. Interstate 10. “This is exciting news for companies doing business in Doña Ana County,” said Juan Massey, Director of NMEDD’s Office of Mexican Affairs (OMA). “By expediting the path to market of certain approved goods and services along the FTZ and eliminating some trade duties and fees, trade will increase to the mutual benefit of New Mexico and Mexico. It’s a true win-win situation.” Foreign-Trade Zones (FTZs) are secure areas under U.S. Customs and Border Protection (CBP) supervision that are generally considered outside CBP territory upon activation. Located in or near CBP ports of entry, they are the United States’ version of what are known internationally as free-trade zones. Authority for establishing these facilities is granted by the Foreign-Trade Zones Board under the Foreign-Trade Zones Act of 1934. The expanded Santa Teresa FTZ encompasses roughly 1,200 acres along the New Mexico-Mexico border, with approximately 2.3 million square feet of existing manufacturing and distribution facilities. “This is a timely initiative, given the imminent fueling and intermodal facility,” said Senate Majority Whip Mary Jane Garcia, D-Dona Ana. “This will be a boost to the economy of Doña Ana County.” [the economic cost of the ASARCO contamination on our health bills, schools, police, agriculture, prisons, etc is not considered]  According to OMA Director Juan Massey, the FTZ expansion will allow the creation of a Santa Teresa-San Jeronimo Binational Campus to recapture the original advantages of the New Mexico-Mexico maquiladora (twin-plant) industry with facilities built on the Mexican side of the border within 60 feet of their companion facilities in New Mexico.

Such an arrangement will allow tenants of the campus to achieve previously unattainable levels of economic advantage derived from combining the business climate advantages of both countries. "Santa Teresa will become one of the most important logistics, manufacturing and distribution centers of the U.S.-Mexico border in the near future,” said Representative Mary Helen Garcia, D-Doña Ana. “With the establishment of modern infrastructure, Foreign Trade Zones and the Binational Campus, the New Mexico border will no longer go unnoticed as one of the most competitive staging points for global trade." About Foreign Trade Zones Foreign and domestic merchandise may be moved into Foreign Trade Zones for operations, not otherwise prohibited by law, including storage, exhibition, assembly, manufacturing, and processing. All FTZ activity is subject to public interest review. Foreign Trade Zone sites are subject to the laws and regulations of the United States as well as those of the states and communities in which they are located. Under zone procedures, the usual formal CBP entry procedures and payments of duties are not required on the foreign merchandise unless and until it enters CBP territory for domestic consumption, at which point the importer generally has the choice of paying duties at the rate of either the original foreign materials or the finished product. Domestic goods moved into the zone for export may be considered exported upon admission to the zone for purposes of excise tax rebates and drawback. Qualified public or private corporations that may operate the facilities themselves or contract for the operation sponsors foreign-trade zones. The operations are conducted on a public utility basis, with published rates. Many zone projects include an industrial park site with lots on which zone users can construct their own facilities. For more information, visit www.cbp.gov/xp/cgov/import/cargo_control/ftz/about_ftz.xml About the Santa Teresa-San Jeronimo Binational Campus The creation of the Santa Teresa-San Jeronimo Binational Campus will provide the U.S.-Mexico border the ability to become more competitive against production threats from the Pacific Rim. This binational campus will allow the border region to attract more value-added manufacturers and prevent the further flight of companies to the Pacific Rim. Manufacturing firms will be able to establish operations on both sides of the border within a “stone’s throw” from each other. On the Mexican side of the border, manufacturers will be able to establish the labor-intensive side of their operations and take advantage of the region’s highly skilled workforce. Production inputs from around the world will be imported duty-free into the recinto fiscalizado (controlled enclosure), where they will be transformed into finished products. These products will be transferred (again duty-free) to the staging and distribution operations within the FTZ on the Santa Teresa side of the border. Automated integrated manufacturing, technology research and development companies, software developers, medical equipment manufacturers and electronics manufacturing are some of the sectors that would be attracted to such a business environment. For more information, contact Juan Massey at juan.massey@state.nm.us or (505) 827-0312. #30# "

http://www.edd.state.nm.us/newsEvents/pressReleases/2008/PR-SantaTeresaFTZ-02-04-08.pdf