What this blog has been reading
Labels: Blood of the Earth, Dilip Hiro
A spirited discussion of public policy and current issues
I'm furious about my squandered nation.
Labels: Kkkarl Rove. Nazi Bastard, Scott Bloch
According to Karl Rove (on Charlie Rose), the Bush Administration did not want Congress to vote on the Iraq War resolution in the fall of 2002, because they thought it should not be done within the context of an election. Rove, you see, did not think the war vote should be "political".
Moreover, according to Rove, that "premature vote" led to many of the problems that cropped up in the Iraq War. Had Congress not pushed, he says, Bush could have spent more time assembling a coalition, and provided more time to the inspectors.
Maybe Rove has a selective memory. This was the first few paragraphs of a press release by the White House on September 24, 2002. The title of the release "President Urges Congress to Pass Iraq Resolution Promptly":
Thanks for coming. We just had a very productive Cabinet meeting. We realize there's little time left in -- before the Senate and the House goes home, but we're optimistic a lot can get done before now and then. Congress must act now to pass a resolution which will hold Saddam Hussein to account for a decade of defiance.
It's time to get a homeland security bill done, one which will allow this President and this administration, and future Presidents -- give us the tools necessary to protect the homeland. And we're working as hard as we can with Phil Gramm and Zell Miller to get this bill moving. It's a good bill. It's a bill that both Republicans and Democrats can and should support.
My message, of course, is that, to the senators up here that are more interested in special interests, you better pay attention to the overall interests of protecting the American people.
Filed this week in U.S. District Court in Washington, the civil complaint also accuses North Carolina-based Blackwater of failing to give drug tests to its guards in Baghdad — even though an estimated one in four of them was using steroids or other "judgment altering substances."
Labels: Blackwater Mercenary Company, Blackwater. Erik Prince. A Cheney Creation. A Rumsfeld Production, Privatizing Military
They knew that the woman who owned the house was old and sick and that her two aging daughters were struggling with illness and poverty as well. That was all to the good as far as the lenders were concerned. The predator’s mission is to home in on the vulnerable.
“The people that wanted to put through the loan called me about a hundred times,” said Rosa Dailey, who is 65 and going blind and needs an oxygen tank at times to help her breathe. “I kept telling them no, because I didn’t think we could afford it. But they kept saying how it was to our advantage. So I finally said: ‘All right, let’s see what we can do.’ ”
That was the beginning of a tragic spiral, with one unaffordable loan following another. As Ms. Dailey put it: “I feel like they led me down a dark alley.”
Ms. Dailey told me her story in the freezing living room of the house on Merrill Avenue, which no longer has a working furnace and is growing shabbier by the day. It’s all she has left. Her mother and her older sister are dead now. Her only income is about $1,300 a month from Social Security — less than the monthly note on the house, which is in foreclosure proceedings.
One aspect of the so-called mortgage crisis that hasn’t been adequately explored is the extent to which predatory lenders have committed fraud against vulnerable homeowners. They have pushed overpriced loans and outlandish fees on hapless victims who didn’t understand — and could not possibly have met — the terms of the contracts they signed.
In some cases, corporate con artists have deliberately targeted and seized the equity of financially strapped and unsophisticated owners. In some cases, homes have been stolen outright.
This is an issue crying out for a thorough federal investigation.
[...]
Labels: Right Wing economic practices, Swindling the elderly. The People who did this belong in Prison with Bush
I’ve been visiting some of the people who have been most affected by the subprime mortgage debacle. It’s a largely bewildered, frightened group that includes people like Dorothy Levey, a 79-year-old widow who sits alone inside the small house she has lived in for 41 years, afraid to answer the telephone or the door.
She has every reason to be worried. The monthly note on her house in the city of Markham, just outside Chicago, is approximately 100 percent of her meager monthly income. Broke and behind in her payments, Ms. Levey expects a foreclosure notice to show up any day, followed by a visit from “the sheriff, or whoever they send to tell you to get out of your own home.”
[...]
After faithfully making mortgage payments for decades, Ms. Levey and her husband, Dan, were persuaded to take out a new loan, ostensibly for debt consolidation, in 2002. It was like plunging into quicksand. Dan was seriously ill at the time and he died two years later.
To this day Ms. Levey does not understand what she and her husband of more than half a century had agreed to. The terms might as well have been written in Sanskrit.
But she kept trying to meet her obligation. She exhausted her savings. She lost her car. She stopped buying clothes and cut back on food. But there was no way to keep up with the payments.
“I had to go to the state and tell them I was hungry,” she said.
[...]
Labels: Right Wing Economic Policy creates large numbers of poor and disenfranchised, Right Wing economic practices, Swindling the elderly. The People who did this belong in Prison with Bush
The home building industry will suffer disproportionately, with new home construction sinking to its lowest level since 1993, the organization predicts.
And, with home equity levels in steep decline, growth in consumer spending will be curtailed - the mayors expect it to increase by just 2 percent.
Municipalities will start to feel the pinch with a decline in the property tax growth rate. Some places could even experience an outright decline in collections. The housing decline will also affect state coffers, as transfer taxes plummet along with home sales volumes.
[...]
Labels: Engineered by Greed Mortgage Crisis, Right Wing economic practices
"The wave of foreclosures that has rippled across the U.S. has already battered some of our largest financial institutions, created ghost towns of once vibrant neighborhoods — and it's not over yet," the report said.
The biggest losses in economic activity are projected for some of the nation's largest metropolitan areas. New York is expected to lose $10.4 billion in economic activity in 2008, followed by Los Angeles at $8.3 billion, Dallas and Washington at $4 billion each, and Chicago at $3.9 billion.
[...]
Labels: Right Wing economic practices
Labels: Bush Crime Family, Nazi Connection
While investigating a Chinese subcontractor involved in the manufacturing process, Seagate found that a small number of drives were infected with the viruses. The company said the products from the problem factory had been scanned and all viruses had been eliminated, adding that all inventory would also be treated before the product was returned to stores.
Seagate did not disclose the stage in the manufacturing process where the Chinese subcontractor installed the Trojan horse.
Seagate recommended that all customers who had purchased the product install protective anti-virus software.
To this end, Seagate said that Kaspersky Labs would offer all Seagate customers a 60-day fully functional version of the Kaspersky Lab Anti-Virus 7.0 software for download and installation.
In September, the British online information technology magazine The Register published information saying that Kaspersky Labs had found a pre-installed virus named Virus.Win32.AutoRun.ah on Maxtor 3200 external hard drives sold in the Netherlands.
Labels: seagate technology. China
The Rev. Creflo Dollar disclosed the World Changers Church International's financial information to The Atlanta Journal-Constitution, but said the money he spends is his own.
Dollar said his income comes from personal investments, including businesses and real estate ventures. But the church gave him a Rolls Royce, which he mainly uses for special occasions, he said.
"Without a doubt, my life is not average," he said. "But I'd like to say, just because it is excessive doesn't necessarily mean it's wrong."
Besides Dollar, the letters were sent to faith healer Benny Hinn, Kenneth and Gloria Copeland of Texas, David and Joyce Meyer of Missouri, Randy and Paula White of Florida and Bishop Eddie Long of New Birth Missionary Baptist Church in Lithonia, Georgia.
Labels: calvinism. exploitation of poor and brainwashed. Televangelist scum bags. religious reich
Those people who have come in close contact with York have been given preventative antibiotics and none have reported feeling sick.
Symptoms of pneumonic plague include: high fever, chills, nausea, chest pain, cough, headache, and blood in the saliva.
The disease is primarily a disease of animals, but humans can contract it if they are bitten by rodent fleas.
The cougar, which had died from the plague, was believed to have remained in back-country areas where park visitors wouldn't normally go, officials said.
[...]
Labels: plague.
Labels: Dangers of a Centralized Food Supply. Poisoned food supply. Agricultural industrial complex, E.coli. Cargill. General Mills.
American military chiefs have been left dumbstruck by an undetected Chinese submarine popping up at the heart of a recent Pacific exercise and close to the vast U.S.S. Kitty Hawk - a 1,000ft supercarrier with 4,500 personnel on board.
By the time it surfaced the 160ft Song Class diesel-electric attack submarine is understood to have sailed within viable range for launching torpedoes or missiles at the carrier.
According to senior Nato officials the incident caused consternation in the U.S. Navy.
The Americans had no idea China's fast-growing submarine fleet had reached such a level of sophistication, or that it posed such a threat.
One Nato figure said the effect was "as big a shock as the Russians launching Sputnik" - a reference to the Soviet Union's first orbiting satellite in 1957 which marked the start of the space age.
The incident, which took place in the ocean between southern Japan and Taiwan, is a major embarrassment for the Pentagon.
[...]
Labels: Cheney and Rumsfeld's privatized Pentagon Falls Way Behind, Chinese Sub
Senator Barbara Boxer, Democrat of California, Mayor Gavin Newsom of San Francisco and other state leaders have expressed concern about the time it took to deliver accurate information about the extent of the spill.
Several state and federal investigations are under way to determine how the ship, the Cosco Busan, hit the Bay Bridge, whether the response was adequate and whether charges should be filed.
The bulk of the criticism has fallen on the Coast Guard, which is leading the cleanup along with the California Department of Fish and Game. The Coast Guard conceded Friday that “mistakes were made,” although agency officials said the errors were in communication, rather than disaster response.
“The response went well. We rolled immediately,” said Captain William Uberti of the Coast Guard. “That’s why we got 8,000 gallons collected in the first day.”
Captain Uberti said the Coast Guard and other response agencies were focused on cleanup within an hour of the accident but had failed to provide city officials with updates, in part to ensure that the numbers about the extent of the spill were accurate.
The O’Brien’s Group, the American emergency response management company overseeing the cleanup for Hanjin Shipping, the South Korean company operating the ship, said the commander of the vessel took quick action and followed federally approved disaster response protocols. The ship was under the temporary command of a San Francisco Bay pilot, Capt. John Cota, at the time of the accident.
Labels: California Oil Spill, Coast Guard, Obrien Group
Labels: Israel. Arms sales
Labels: Chavez
The Pentagon survey of reservists in 2005-2006, obtained by The Associated Press, details increasing discontent among returning troops in protecting their legal rights after taking leave from work to fight for their country.
It found that 44 percent of the reservists polled said they were dissatisfied with how the Labor Department handled their complaint of employment discrimination based on their military status, up from 27 percent from 2004.
Nearly one-third, or 29 percent, said they had difficulty getting the information they needed from government agencies charged with protecting their rights, while 77 percent reported they didn't even bother trying to get assistance in part because they didn't think it would make a difference.
[...]
Klein, 62, said he may be the only person in a position to discuss firsthand knowledge of an important aspect of the Bush administration's domestic surveillance. He is retired, so he isn't worried about losing his job. He carried no security clearance, and the documents in his possession were not classified, he said. He has no qualms about "turning in," as he put it, the company where he worked for 22 years until he retired in 2004.
"If they've done something massively illegal and unconstitutional — well, they should suffer the consequences," Klein said.
In an interview this week, he alleged that the NSA set up a system that vacuumed up Internet and phone-call data from ordinary Americans with the help of AT&T and without obtaining a court order. Contrary to the government's depiction of its surveillance program as aimed at overseas terrorists, Klein said, much of the data sent through AT&T to the NSA was purely domestic. Klein said he thinks the NSA was analyzing the records for usage patterns and for content.
Labels: ATT. Bush's Illegal Spying Program. Mark Klein. No Telecom Immunity
Labels: Big Profits For War Industry in Antagonizing Russians, Putin Bush
AMY GOODMAN: How do you respond to those politicians who have said, to the private security firms, what many call “mercenary” firms, have said are -- these are highly trained people, often former Navy Seals, etc., that provide the kind of security that the US military cannot provide?
REP. JAN SCHAKOWSKY: Well, that’s a pretty serious condemnation of the US military, if we now have to rely on these private companies, some of which are actually skimming the most-trained people out of our military, offering them salaries that can’t be matched by the military. And that’s, by the way, creating a big morale problem among our uniformed servicemen and women who are also risking their lives and yet being paid a fraction of what these guards are being paid.
But, absolutely, we can have people of equal quality. But you know what? They also have people who worked under the Pinochet government when there were death squads, who formerly worked for Milosevic, or people who were graduates of the School of the Americas or pro-apartheid fighters from South Africa. These are often the people that populate these private military companies.
They're not all cowboys, but, you know, in fact, the four Blackwater employees who were killed in Fallujah were very skilled people. They should never have been sent on a mission by Blackwater that was doomed to failure from the beginning. And their killing in Fallujah changed the entire direction of the war in Iraq, helped promote and spark the insurgency there, created the battle of Fallujah, where twenty-seven Marines were killed. They are changing the mission. They’re changing it for the worse and endangering our troops, who, all of them, I think, should be out of Iraq. But these private companies are making it worse.
[...]
Go To Link for Live Stream
Labels: Blackwater. Erik Prince. A Cheney Creation. A Rumsfeld Production, Rep. Jan Schakowsky
BAGHDAD -- Last Feb. 7, a sniper employed by Blackwater USA, the private security company, opened fire from the roof of the Iraqi Justice Ministry. The bullet tore through the head of a 23-year-old guard for the state-funded Iraqi Media Network, who was standing on a balcony across an open traffic circle. Another guard rushed to his colleague's side and was fatally shot in the neck. A third guard was found dead more than an hour later on the same balcony.
Eight people who responded to the shootings -- including media network and Justice Ministry guards and an Iraqi army commander -- and five network officials in the compound said none of the slain guards had fired on the Justice Ministry, where a U.S. diplomat was in a meeting. An Iraqi police report described the shootings as "an act of terrorism" and said Blackwater "caused the incident." The media network concluded that the guards were killed "without any provocation."
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Labels: Blackwater Mercenary Company, Erik Prince. Christian Right Wing Extremists. DeVos Family. Amway. Privatizing
The legislation, passed 244-166, would impose 4 percent royalty fees on existing mines operating on federal land. New mines would be charged
8 percent.
Mines currently pay very little to use federal land under the 1872 Mining Law.
The position, while popular with rural Nevada voters who depend on jobs provided by the mining industry, could alienate environmental activists, political observers said. Both are important constituencies in the Jan. 19 Nevada Caucus.
[...]
Labels: Must Protect Corporate Profits, Obama the neoliberal
Klaudt also is scheduled to stand trial next week for rape and other offenses in Corson County, where he lives.
[...]The two former foster daughters testified that Klaudt touched their breasts and genitals while conducting what he said were examinations to determine whether they were healthy enough to donate their eggs. The examinations occurred in Klaudt's motel suite in Pierre during the 2005 and 2006 sessions of the South Dakota Legislature, and one of the young women was a page during one of those sessions.
The first woman, now 19, testified last week that Klaudt performed as many as 10 tests on her, but only three occurred in Pierre in his motel suite. She said she went along with the exams because she believed the egg donation scheme was real and she hoped to make thousands of dollars.
The second woman, now 20, said she initially wanted Klaudt to examine her because she wanted to make money donating eggs and wanted to find out whether she was fertile. She said that when he examined her in the Pierre motel room in early 2006, she asked him to stop a genital examination three times but that he did not stop.
[...]
Allen sat emotionlessly as prosecutor Pat Whitaker described how the lawmaker eventually followed the male officer into the same stall, where Allen said the restroom was too public of a place. The lawmaker suggested ''across the bridge,'' saying ''it's quiet over there,'' and then agreed to pay $20 for oral sex, Whitaker said.
''You're not a cop, are you?'' Allen asked the officer, according to Whitaker.
[...]
The bid to boost security spending by one-third in 2008 comes as the department confronts mounting criticism over problems with construction of a massive new embassy in Baghdad, heavy-handed tactics by private security guards and a plan to force U.S. diplomats to serve in Iraq.
Lawmakers who control the flow of money are questioning the department's appetite for more. Over $500 million of the proposed 2008 spending would go to three private security firms, including Blackwater Worldwide, which has been denounced since a Sept. 16 shooting in Baghdad left 17 Iraqis dead.
[...]
At the end of September, U.S. President George W. Bush signed a measure to increase the debt limit ceiling to $9.815 trillion from $8.965 trillion, allowing the government to keep issuing debt.
The increase in the debt limit is the fifth since Bush took office in January 2001. The U.S. debt stood at about $5.6 trillion at the start of his presidency.
In approving the debt limit increase, Congressional lawmakers said the $850 billion increase should be large enough to allow the government to continue borrowing into 2009, well beyond next year's presidential and congressional elections.
[...]
Labels: nulear armed US planes attack Syria with Israeli help
In 2005, Congress passed legislation mandating Real ID to standardize information that must be included on licenses, including a digital photograph, a signature, and machine-readable features such as a bar code.
Under the law, states also must verify applicants' citizenship status, check identity documents such as birth certificates, and cross-check information with other states and with Social Security, immigration, and State Department databases.
The new licenses must include features to thwart forgery and fraud, and drivers born after 1935 will have to present birth certificates or passports to obtain them.
Supporters pointed out that all but one of the Sept. 11, 2001, hijackers acquired, legitimately or by fraud, IDs that allowed them to board planes, rent cars, and move through the country.
Congress approved $40 million in grants to states to cover some of the expenses this year. By comparison, the National Governors Association wants $1 billion next year as a down payment for states' start-up costs.[...]
Labels: national ID Card, Your Papers Please
Authorities said the alleged victims visited the mayor's home to use his computer. It's believed there were at least three victims, but Allen said an investigation could reveal more.
The mayor was taken to a hospital after his arrest because he complained of chest discomfort. Once released, he will be transported to Lake County jail on $65,000 bond, Allen said.
Labels: Mascotte. Florida. Jeff Krull. Republican Perverts are Rife
Bush was to receive the recommendations Tuesday from the panel, which was established in July to study import safety. It was led by Health and Human Services Secretary Mike Leavitt.
The panel also will urge increasing the presence of U.S. inspectors from Customs, the Border Patrol, the Consumer Product Safety Commission and other agencies in countries that are major exporters to the United States, an administration official said. The official spoke on condition of anonymity because the recommendations had not been released publicly.
Labels: .Palestinians. Israel Conducting Genocide. Israeli Genocide backed by US, Murdering Israeli Land Thieves, Murdering Israeli Water Thieves
Congressional Democrats have spotlighted former Allegheny County Coroner Dr. Cyril Wecht's prosecution on charges of theft, mail fraud and wire fraud as part of a broad investigation into White House interference with Justice Department activities. After months of questioning whether the Bush administration fired nine U.S. attorneys who were not ''loyal Bushies,'' Democrats said the cases provide strong evidence that some government lawyers may have done the White House's bidding.
In a motion submitted late Friday, attorneys for Wecht asked U.S. District Judge Arthur J. Schwab to rule on whether Republican U.S. Attorney Mary Beth Buchanan targeted Wecht because he is a Democrat.
[...]
PetroChina saw its shares nearly triple from 16.7 yuan to end at 43.96 yuan, giving PetroChina a market value of just below $1 trillion (£480.6bn).
This is almost the twice the $488bn value of oil producer Exxon Mobil.
But some analysts said the PetroChina's Shanghai share price stemmed from speculation and was too high.
State-owned PetroChina already has shares traded in Hong Kong and its flotation on China's mainland stock exchange in the country's largest domestic share sale represented just 2% of the total number of shares it has listed.
[...]
Labels: China, Exxon . Mass Extinctions. Climate disaster is here, Petrochina
Labels: CareFlite, Feds Paid Too Much in Evacuations, The Privatized Police State
According to a report published at the end of 1999 [3], foodborne
diseases cause approximately 76 million illnesses, 325 000
hospitalisations and 5 000 deaths in the United States each year.
Known foodborne pathogens account for 14 million of the illnesses, 60
000 hospitalisations and 1 800 deaths. In other words, unknown agents
account for approximately 81% of food borne illnesses and
hospitalisations and 64% of deaths. Three pathogens, Salmonella,
Listeria and Toxoplasma kill 1500 each year, more than 75% of those
killed by known pathogens, while Campylobacter, Salmonella and
Shigella top the list in known causes of foodborne illnesses.
To see foodborne illnesses in perspective, total illnesses from known
pathogens are estimated at 38.6 million, and that includes 5.2 million
(13%) due to bacteria, 2.5 million (7%) due to parasites and 30.9
million (80%) due to viruses. The breakdown for foodborne illnesses in
terms of known etiological agents is similar, with the highest
proportion due to viruses.
The figures on foodborne illnesses are more than double those produced
in 1994 [4], which were between 6.5 to 33 million illnesses per year.
In terms of incidence, the increase is from 25 to 130 cases per 1 000
inhabitants in 1994 to 278 per 1 000 in 1999. Is the huge increase
over the past five years real? Or is it simply a case of improved
surveillance and reporting.
For comparison, a Swedish study was undertaken in the Municipality of
Uppsala of 186 000 inhabitants, based on enhanced surveillance and
retrospective interviews in 1998-1999 [5]. A total of 268 incidents
were recorded, and 515 cases documented. This gives an incidence of 28
illnesses per thousand, which falls within the low end of the US
estimate in1994. But that means the incidence of foodborne diseases in
the US in 1999 is nearly ten times that of Sweden, as well as up to
ten times higher than in 1994.
[...]
Daniel Levin, then acting assistant attorney general, went to a military base near Washington and underwent the procedure to inform his analysis of different interrogation techniques.
After the experience, Levin told White House officials that even though he knew he wouldn't die, he found the experience terrifying and thought that it clearly simulated drowning.Labels: Torture. Daniel Levin, Waterboarding
Labels: Kentucky. Dirtbag, Mitch Mcconnel. Republican Party.
n fact, for 63 hellish years, both these institutions achieved mirror opposite results on everything the above comment states. From inception, their mission was to integrate developing nations into the Global North-dominated world economy and use debt repayment as the way to transfer wealth from poor countries to powerful bankers in rich ones.
The scheme is called debt slavery because new loans are needed to service old ones, indebtedness rises, and borrowing terms stipulate harsh one-way “structural adjustment” provisions that include:
– privatizations of state enterprises;
– government deregulation;
– deep cuts in social spending;
– wage freezes or cuts;
– unrestricted free market access for foreign corporations;
– corporate-friendly tax cuts;
– crackdowns on trade unionists; and
– savage repression for non-believers under a system incompatible with social democracy.
Everywhere the scheme is the same: huge public wealth transfers to elitist private hands, exploding public debt, an ever-widening disparity between the super-rich and desperate poor, and an aggressive nationalism to justify huge spending on security for aggressive surveillance, mass incarceration plus repression and torture for social control.
An Alternative to Debt Slavery - The Bank of the South
Last December, Hugo Chavez announced his idea for a Banco del Sur, or Bank of the South, as part of his crusade against the institutions of international capital he calls “tools of Washington.” The bank will be officially launched at a presidential November 3 summit in Caracas, where it’s to be headquartered, with seven founding member-states - Venezuela, Argentina, Brazil, Uruguay, Paraguay, Bolivia and Ecuador.
[...]
Labels: Bamk of the South, Chavez, Free market reign of terror, IMF, Venezuela, World Bank. US Imperialism
Labels: Davison Budhoo, Free market reign of terror, Gap. Free Trade. Globalization.Outsourcing. OffShoring, IMF, Structural Adjustment
Labels: Pakistan. US imperialism. Phony War on Terror. Free trade. Globalization
Defying international condemnation, military ruler Musharraf on Saturday suspended the constitution, sacked the chief justice and imposed strict media curbs in the nuclear-armed nation of 160 million people.
Musharraf accused the judiciary and Islamic militants of destabilising the country, saying he had acted to stop Pakistan from committing "suicide" and appealing for understanding from his Western allies.
Troops and police poured into Islamabad and surrounded the Supreme Court, which had been due within days to rule on the legality of Musharraf's victory in an October 6 presidential election.
[...]
Labels: The Part about international condemnation is UTTER BULLSHIT. Pakistan. Cheney. Pipeline.
Labels: Abdul Qadeer Kahn, Anti-Democracy US supports Musharraf Police State, you bet. Pakistan. Pipeline
Oct 30: Pakistan and Iran have reflected their commitment to the Iran-Pakistan-India gas pipeline project as they move forward today to give the deal a final touch. On Sunday, Iranian Oil Minister's Special Envoy for the pipeline talks Hojjatollah Ghanimifard said final touches to the contract would be given this week.
Irrespective of the fact whether India remains in or out of the project, Pakistan is of the opinion that the deal is the need of Pakistan and it stands committed to it.
Labels: Anti-Democracy US supports Musharraf Police State, you bet. Pakistan. Pipeline
Its chief executive is Robert Richer, a former CIA associate deputy director of operations who was heavily involved in running the agency's role in the Iraq war.
Total Intelligence Solutions is one of a growing number of companies that offer intelligence services such as risk analysis to companies and governments. Because of its roster and its ties to owner Erik Prince, the multimillionaire former Navy SEAL, the company's thrust into this world highlights the blurring of lines between government, industry and activities formerly reserved for agents operating in the shadows.
[...]
Mr. Prince will leave with vested stock holdings valued at $94 million on top of the roughly $53.1 million in pay he took home in the last four years, according to James F. Reda & Associates, a compensation consulting firm, and Equilar, a data provider. Included is a pension worth $1.74 million and another one million stock options, which have no current market value because of the stock’s sharp decline. They have a potential estimated value of about $4 million based on current estimated values — and possibly more if the stock rises. Severance would have to be negotiated; Mr. Prince has no employment contract.
Mr. Prince would become the second chief executive to lose his job in the wake of the subprime mortgage problems. Earlier this week, the chairman and chief executive of Merrill Lynch, E. Stanley O’Neal, was forced to retire after the brokerage firm reported an $8.4 billion write-down, the largest in its history, and an unauthorized overture to merge with rival Wachovia, that angered board members.
[...]
Labels: Corporate Greed, Corproate Fscist Master, Obama Pal
The move appeared to be an effort by General Musharraf to reassert his fading power in the face of growing opposition from the country’s Supreme Court, political parties and hard-line Islamists. Pakistan’s Supreme Court had been expected to rule within days on the legality of General Musharraf’s re-election last month as the country’s president.
The emergency act, which analysts and opposition leaders said was more a declaration of martial law, also boldly defied the Bush administration, which had repeatedly urged General Musharraf to avoid such a path and instead move toward democracy. Washington has generously backed the general, sending him more than $10 billion in aid since 2001, mostly for the military. Now the administration finds itself in the bind of having to publicly castigate the man it has described as one of its closest allies in fighting terrorism.
[...]
Labels: Abdul Qadeer Kahn, Musharraf, Nuclear Bomb. Bush Ally, Pakistan
Labels: Legacy of the cardiganed Dominatrix. NHS. Britain under right wing rule
No illnesses have been reported, said John Keating, president of Cargill Regional Beef.
The agribusiness giant produced the beef between Oct. 8 and Oct. 11 at a plant in Wyalusing, Pa. and distributed it to retailers across the country. They include Giant, Shop Rite, Stop & Shop, Wegmans and Weis.
Cargill learned the meat may be contaminated after the Agriculture Department found a problem with a sample of the beef produced on Oct. 8, the company said. The bacteria is E. coli O157:H7.
A spokeswoman for Cargill said 10 states are included in the recall — Connecticut, Maine, Maryland, Massachusetts, Michigan, New Jersey, New York, Ohio, Pennsylvania and Virginia.
[...]
Mr. Cheney arrived in Dallas on Thursday and attended a fundraiser for Sen. John Cornyn and the National Republican Senatorial Committee at the home of Dan and Gail Cook. Beforehand, Mr. Cheney and his wife, Lynne Cheney, went shopping at Highland Park Village.
Mr. Cheney said he was enjoying his stay in Dallas, where he lived for five years while serving as CEO of Halliburton.
[...]
Labels: Cheney. War criminal. Scum.
Labels: Bush Agenda. Privatization. Iraq may be fucked but Bush Cronies are making fortunes
Labels: rummy. rumsfeld. Nazi. Liar. Abuse fo power. Milton Friedman
Labels: Nazi. Blockhead. Liar, Propaganda, Rumsfeld.
Labels: Fascist, greed driven, Liar, narrow minded reich wing blockhead, rummy, Rumsfeld the incompetent
An estimated 900,000 people had their homes flooded, damaged or cut off, and as of Thursday 300,000 still had not been rescued, Tabasco Gov. Andres Granier said. Police, soldiers and military workers were still trying to reach them.
It was becoming difficult to find a safe place to put refugees. Officials improvised, turning parking garages and any other dry structure into temporary shelters. Dozens of Mexico's hospitals and medical centers were also flooded, complicating treatment of the sick. Watch residents swim through flooded streets »
Health officials warned that flooding could trigger epidemics of cholera, although none were yet reported.
[...]
Labels: Climate Change, global warming, Mexico. Flooding
Labels: Agricultural -Industrial Complex, China. Food Importing. Unsafe food Supply, Ecoli, Food Recalls, frozen pizza, Gutted REgulatory Agencies
Nearly one in five said they or someone in their family had received food from a charity organization in the past year. In past month, 13 percent said they or someone in their family had gone to bed hungry.
While 63 percent blame the economy for the problem, ethanol was also named as a major cause. The survey found that 47 percent oppose government subsidies for ethanol production because they believe it will spur higher food prices.
[...]
Labels: 30 plus years of brutal greedy right wing corporatist rule. Health care
An Army contracting fraud scandal has generated more than 80 criminal investigations. However, higher numbers, better quality and more clout within the Army's contracting ranks are expected to reduce opportunities for fraud, waste and abuse as tens of billions of dollars continue to be spent on the wars in Iraq and Afghanistan, the officials said.
The panel chaired by former Pentagon acquisition chief Jacques Gansler also recommends giving the Defense Contract Management Agency several hundred more personnel to exercise greater oversight of contracts awarded overseas.
Established in August by Army Secretary Pete Geren, the Gansler panel was given a broad mandate to examine how the military branch acquires the gear and services it needs each year to operate.
Since 2001, provisional offices have spring up in Iraq, Afghanistan, Kuwait and Qatar and other locations to buy items such as bottled water, laundry services, barracks, food, transportation, and warehouse services.
But in certain places, such as Camp Arifjan in Kuwait, there were too few qualified people, too little oversight, high staff turnover, and poor record-keeping. In the midst of those shortcomings came a huge flow of dollars for the war, creating an environment ripe for misconduct and inefficiency.
A separate Army task force was assigned to examine a random sampling of the 6,000 contracts worth nearly $2.8 billion issued since 2003 by the Kuwait office in a search for rigged awards and sloppy work. That review is to be completed by the end of the year.
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Labels: Fraud. Embezzelment. Bush Agenda. Corruption. Privatizing war
Micron isn't the only local company outsourcing IT jobs to India. SuperValu, which bought Albertsons in June 2006, announced Tuesday that it was laying off 180 IT workers — including an unspecified number in Boise — and sending the work to India.
Micron workers cannot speak publicly without risking the loss of any severance packages, but several who have contacted the Statesman say the plans were unveiled earlier this month.
Most jobs will either be outsourced to India or contracted to a third party, workers say. Most of the employees affected say they will have their jobs phased out between January and August.
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Labels: Globalization. Free Market. Idaho. Micron. Depressing wages. War on middle class, Outsourcing
OPEC member Nigeria is the world's eighth (8th) biggest exporter of crude oil, but it is unable to meet domestic (inside the country) demand for refined products (finished oil products) because sabotage, mismanagement and corruption have crippled (slowed down and broken) its refineries. Its sweet, low-sulfur crude is the largest single (one) source of petroleum for Philadelphia refineries in the USA. Nigerian crude makes up more than 40% of the feedstock (base ingredient) at Sunoco's refineries in Philadelphia and Marcus Hook. The Sunoco refineries buy one of every ten barrels that Nigeria produces. Attacks on the oil industry by militants (or freedom fighters, one mans freedom fighter is another mans militant) in the southern Niger Delta, which have shut down more than 500,000 barrels per day of crude production, have compounded (added to) the problem recently. Both Warri and Kaduna refineries are supplied by one crude oil pipeline that was bombed by militants (freedom fighters) in a series of attacks on February 18,2006.
Even at full capacity (maximum output), Nigerian refineries supply less than half the country's fuel needs, forcing it to import costly fuel from refineries in Europe. From 1,500 wells in the Niger delta, Nigeria sent $9 billion worth of crude oil last year to refineries in the US. In the marshes, sweltering (hot and humid) swamps of mangrove and palm of the Niger Delta, young men armed with fast boats, old weapons and an ancient warrior tradition (custom) have taken on the government of Africa's most populous nation. Angered by decades of exploitation (being used by other people like slaves), the rebels (or freedom fighters) have launched a war of sabotage. They have kidnapped foreign workers, commandeered (taken control of by force) oil installations and blocked pipelines in an attempt (try) to force the oil companies and the government to return more of Nigeria 's wealth to its source (return money back to the countries people). The uprising has reduced Nigeria's 2-million-barrels-per-day production by as much as a third (1/3).
Nigeria is among the poorest third of African countries - its per capita income (average yearly income) has fallen from a high of nearly $1,000 in the 1970s to $260 a year, about half that of the average African nation. Delta villages are largely (mostly) without schools, clinics, electricity or roads. Most residents drink directly from the Niger River, which also serves as their toilet. Because more money can be made by importing fuel and selling it on the black market, Nigeria's four refineries have fallen into disrepair. It is practically (almost) impossible to find a gallon of gas (petrol) in a region that rests atop (sits on top of) 22 billion barrels of oil. Natural gas reserves are well over 100 trillion ft? (2,800 km?), the gas reserves are three times (3X) as substantial (large) as the crude oil reserves.
"We are assisting the Turks in their efforts to combat the PKK by supplying them with intelligence, lots of intelligence," Defense Department press secretary Geoff Morrell said.
He said 10 members of the PKK — which the U.S. considers a terrorist organization — are in a U.S. "most-wanted" database. That means American forces have had standing orders for some time to pick them up if they are found.
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Bush administration officials escalate the violence in the middle east so they can drive the price of oil up for their oil industry pals.
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