New Haven, CT (PRWEB) February 8, 2006
Mesothelioma.com has released a new opinion piece that can be found on its web site: http://www.mesothelioma.com. An excerpt is provided below:
..."Interestingly, a 2003 study examined some major firms which filed for 'bankruptcy' in the face of asbestos claims. In addition to USG, the firms were Babcock & Wilcox, Owens-Corning, Armstrong World Industries, Building Materials Corp. of America, W.R. Grace & Co. and Federal Mogul. The study found that each of the firms remained viable and profitable. Total employment increased or did not significantly decline. All met their obligations to fund employee pensions. And, based on capital expenditures, all had bright prospects for the future.
What USG's results and this study demonstrate is that claims by Senator Arlen Specter and Senate Majority Frist that the so called FAIR Act, S.852, is necessary to stop job losses, speed payments to truly sick and increase the competitiveness of American Corporations are complete nonsense. What the so called 'FAIR Act' really does is to give highly competitive and profitable corporations a gargantuan legislative gift at the expense of asbestos claimants."
To read the full opinion piece and the report, please visit our web site at http://www.mesothelioma.com.
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