03/01/2023
WXED 107.3 Broadcasting & media production company
Why won’t Joe Biden go to East Palestine?
By Jerry D Corbin
Opinions expressed here are my own and do not reflect the thoughts of WXED
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WXEDFM.com
Norfolk Southern executives promised their stockholders increased profits by increasing average train weight by 21% and train length by 20%. One of the factors contributing to this rail disaster was the length of the train. Very long trains can cause radio disruption of communications. The train was 9,300 feet long and consisted of 151 cars. It carried 18,000 tons of freight. This is excessive and is only done to increase profits for .
Norfolk Southern used outdated braking systems that stop each car separately. Newer systems stop the whole train all at once. The heavier trains are too slow to stop in an emergency.
Norfolk did what it wanted to do, they increased profits by $8 billion gross in 2022. They are the most profitable industry in the country, with over 50% profit margin.
To protect themselves, they pay $20 million dollars a year to lobby politicians. The rail lobby is a powerful force federally and state wide. Even after the East Palestine disaster, the administration has shown no interest in mandating electronic brakes because the railroad doesn’t want it.
Pennsylvania has a ‘consent-by-registration” statute which means any corporation that registers to do business in PA is required by law to settle all legal disputes using PA courts. Norfolk Southern argues it is an undue burden. This question will be answered by the Supreme Court. This case is very important to the people of Darlington Township and all Pennsylvanians, as it could determine whether or not Pennsylvanians are blocked from filing lawsuits. Victims, exposed to toxic chemicals may not be allowed to sue. This is crazy and cannot be allowed to happen.
The railroads are only driven by profit for their investors. The Association of American Railroads is the industry’s primary lobbying group. With millions of dollars to lobby with, they are powerful enough to win over-all common-sense obstacles and will do so if we the people do not stand up for ourselves. My investigations have found that the Biden administration wants the Justice Department to file its own brief in favor of Norfolk Southern. Maybe, just maybe, that is why Joe Biden won’t go to East Palestine.
What’s in a name, Norfolk Southern, in and of itself it means nothing to us. It’s just a bunch of letters strung together that sound good to the ear. However, if you look deeper you see what it really means. There are many names behind it that you will quickly recognize, names you can relate to. These companies should be dragged through the mud as much as possible. They deserve it. They profit from your misery.
Do you recognize these names, and , you may have stock in these companies. Your pension might be in some of these. JP Morgan Chase Co., State Street Corp., Capital International Investors, Capital World Investors, Wells Fargo Co., Geode Capital Management LLC, Northern Trust Corp., Bank of America Corp., Bank Of New York Mellon Corp., Price T Rowe Associates Inc., Morgan Stanley, Dimensional Fund Advisors LP, Norges Bank, Franklin Resources Inc., Legal General Group, PLC, Goldman Sachs Group Inc., Fil Ltd, Cohen Steers Inc., American Century Companies Inc., London Co. of Virginia, Gibson Wealth Advisors LLC, Fmr LLC.
Curious information:
Much of the contaminated water from Norfolk Sothern’s disastrous train wreck in East Palestine Ohio is being transported to a Deer Park Texas site for de-con.
Black Rock hedge funds owns the second largest percentage of Norfolk Southern and the largest percentage of the Shell Deer Park Texas site.
Black Rock hedge funds owns the largest percentage of Shell Petros Chemicals.
So, what was the destination of these poisons’ chemicals? The Beaver County Cracker Plant or Shell petrol Chemicals.
18.5 shares of Norfolk are owned by vanguard. Black Rock is second behind Vanguard. Black Rock also owns stock in Shell.
Lawrence Fink CEO Chairman Black Rock which is the largest money market fund in the world. In April of 2022 Forbs said Fink was worth $1 billion dollars. Fink also sits on council of foreign relations forum.
References:
https://www.supremecourt.gov/DocketPDF/21/21-1168/236971/20220902130248064_21-1168bsacUnitedStates.pdf
https://jacobin.com/2023/02/joe-biden-administration-norfolk-southern-railroad-companies-lawsuits-county-courts
Oh and, they were only testing for vinyl chloride, not any of the others.