On August 13, 1987 an environmental incident grabbed the attention of residents in the northeast United States. A "30 mile garbage slick", primarily composed of medical waste, began to approach the eastern shoreline and prompted extensive closures of numerous New Jersey and New York beaches. An immediate investigation was initiated. Over the course of the next six months, details of this environmental anomaly became known to the public. The vast majority of press releases indicated that the waste had likely originated at various New York City marine transfer stations; most notably, the Southwest Brooklyn Incinerator. This announcement led to a quite reasonable question; how could this incident have occurred?
Eventually, an answer to that question was declared. The New...
Only subscribers can access this article, which is part of the PRO research library covering 3,613 different stocks.
Growing numbers of fund managers and other investment professionals subscribe to Seeking Alpha PRO for equity research that is unavailable elsewhere, so they can: