It’s not just the start of baseball season—it continues to be open season on America’s rich, under fire for all manner of alleged sins, real and imagined. Yet another new attack has been mounted against America’s wealthy, this time for their alleged philanthropic stinginess. In The Atlantic, author Ken Stern, in an essay based on his new book With Charity for All: Why Charities Are Failing and a Better Way to Give, asserts that those at the top of the nation’s income pyramid both give too little to charity and give to causes that don’t help the poor. Those of modest means, he says, are more generous than the wealthy, described, charmingly, in a quotation from UC Berkeley psychological researcher who told New York Magazine that “the rich are more likely to prioritize their own self-interests above the interests of other people,” leading him to conclude, with scholarly precision, that they are “more likely to exhibit characteristics that we would stereotypically associate with, say, assholes.” …read more
Source: FULL ARTICLE at Forbes Latest
Tag Archives: Open Season
Sunoco Logistics Announces Binding Open Season for Mariner South Pipeline
By Business Wirevia The Motley Fool
Filed under: Investing
Sunoco Logistics Announces Binding Open Season for Mariner South Pipeline
PHILADELPHIA–(BUSINESS WIRE)– Sunoco Logistics Partners L.P. (NYS: SXL) today announced that it will commence a binding Open Season for its Mariner South Pipeline, a pipeline that will transport export grade propane and butane, from Lone Star NGL LLC’s storage and fractionation complex in Mont Belvieu, Texas to Sunoco Logistics‘ terminal in Nederland, Texas. In addition to export grade propane and butane, the pipeline will be available for other natural gas liquids and petroleum products depending on shipper interest. The pipeline is anticipated to have an initial capacity to transport approximately 200,000 barrels per day and can be scaled to support higher volumes as needed. The pipeline is expected to be operational by the first quarter of 2015.
The Open Season will commence on March 21, 2013. Subject to the terms of the Open Season, priority service will be available to shippers making long-term volume commitments during the Open Season. The Notice of Open Season will be available on the Sunoco Logistics website at www.sunocologistics.com/marinersouth.
More information about this Open Season is available by contacting:
Hank Alexander
Vice President, Business Development
Sunoco Logistics Partners, L.P.
1818 Market Street, Suite 1500
Philadelphia, PA 19103
215-246-8568
marinersouth@sunocologistics.com
Sunoco Logistics Partners L.P. (NYS: SXL) , headquartered in Philadelphia, is a master limited partnership that owns and operates a logistics business consisting of a geographically diverse portfolio of complementary crude oil & refined product pipeline, terminalling, and acquisition & marketing assets. SXL‘s general partner is owned by Energy Transfer Partners, L.P. (NYS: ETP) .
Lone Star NGL LLC (Lone Star), a joint venture between Energy Transfer Partners, L.P. (NYSE:ETP) and Regency Energy Partners LP (NYS: RGP) , owns and operates natural gas liquids storage, fractionation, and transportation assets in Texas, Louisiana, and Mississippi. Lone Star‘s assets include approximately 2,000 miles of natural gas liquids pipelines and 47 million barrels of storage capacity at Mont Belvieu, Texas. Energy Transfer Equity, L.P. (NYSE:ETE) owns the general partner of both ETP and RGP.
Sunoco Logistics Partners L.P.
Pete Gvazdauskas (investors) 215-977-6322
or
Joseph McGinn (media) 215-977-3237
KEYWORDS: United States North America Pennsylvania Texas
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