Sunday, May 1, 2011

This Is How The Government Wastes Your Money -- Recent MDU Mandated Filing

For investors only. I hope you all clicked on MDU's most recent Form 8-K filing so you didn't miss any important investing information. 
This report is being filed in accordance with section 1503 of the "Dodd-Frank Wall Street Reform and Consumer Protection Act." On April 26, 2011, Hawaiian Cement, an indirect subsidiary of MDU Resources Group, Inc., received an imminent danger order issued by the Mine Safety and Health Administration under section 107(a) of the Federal Mine Safety and Health Act of 1977 at the Waikapu Quarry in Wailuku, Hawaii. The order was issued when a customer was observed standing on top of a loaded truck but was not wearing fall protection. The customer proceeded to climb off of the truck and the order was terminated. 
I can't make this stuff up.

How much time was wasted reporting this to the government that a man in a gravel truck did not have his hard hat on? This kind of garbage now buries important filings.

By the way, this is a common ploy in any bureaucracy, especially the military: Inundate one's superiors with stuff like this to hide the one meaningful, but embarrassing, report.

*************

Music video: a cover of "Little Red Riding Hood." There's something captivating about this video. With over 500,000 views, there are others who agree with me. (YouTube no longer allows embedding of their videos. Pity.) She reminds me of Mazzy Star -- Fade Into You.

No comments:

Post a Comment

Note: Only a member of this blog may post a comment.