Protesting a Private Equity Firm (With Piles of Money)

Woman Dies After Airport Arrest

Following Minnesota Bridge Collapse, New Scrutiny for Nation’s Ever-Privatizing Roads

n the wake of Wednesday's fatal bridge collapse over the Mississippi River in Minneapolis, the condition of the nation's highway system is coming under increased scrutiny. In 1990 the U.S. government rated the Minneapolis Bridge as structurally deficient and possibly in need of replacement. That rating was contained in the Department of Transportation's National Bridge Inventory database. More than 70,000 bridges across the country have also been rated structurally deficient. The American Society of Civil Engineers estimates it would take nearly $190 billion to fix these bridges over the next two decades.

In Minnesota, many residents have begun questioning the spending priorities of the state and nation. Nick Coleman of the Star Tribune wrote a column yesterday titled "Public Anger Will Follow Our Sorrow." He points out that the motto of Governor Tim Pawlenty has been "No New Taxes." Last spring Pawlenty vetoed a five cent gas tax increase – the first in twenty years – that would have produced millions of dollars in revenue to help fix roads. Nick Coleman wrote: "At the federal level, the parsimony is worse, and so is the negligence. A trillion spent in Iraq, while schools crumble, there aren't enough cops on the street and bridges decay while our leaders cross their fingers and ignore the rising chances of disaster."

On the national level, the highway trust fund is about to go broke. When President Bush took office the fund had a $23 billion surplus, but it is expected to be running a deficit by next year in part because Bush killed an increase in gas taxes two years ago.

The columnist Jim Hightower recently accused the government of deliberately defunding these vital infrastructure projects in an effort to open the door to privatization. Investment firms including Goldman Sachs, the Carlyle Group, Merrill Lynch and Morgan Stanley are forming large funds to purchase publicly owned infrastructure projects.

And the privatization of the nation's roads has already begun. In Indiana Governor Mitch Daniels has leased the 157-mile Indiana Toll Road to a foreign consortium from Spain and Australia for $3.85 billion over the next seventy-five years. By one calculation, the Toll Road will generate $11 billion over the life of the lease. Indiana's governor Mitch Daniels has been nicknamed Mr. Privatize by some for his willingness to sell off public assets. Before coming to Indiana, Daniels served as the President Bush's White House budget director. And Indiana is not alone. In Illinois, officials signed a 99-year, $1.8 billion lease to hand over the Chicago Skyway.

Pentagon Spends $78 Billion a Year that we know of on Weapons and Space Research, Some of it Whacky, All of it a waste

"With large stocks of plutonium, Pakistan can build a new generation of lighter, more powerful weapons that can more easily be launched via missiles and can cause far more damage," said David Albright, the president of the Institute for Science and International Security (ISIS), which, along with DigitalGlobe, provided the satellite image to ABC News.

The image, taken on June 3, indicates the new reactor is a replica of a second heavy water reactor, also under construction, at Khushab, approximately 109 miles south of Islamabad, Pakistan's capital.

Bush administration attacks 'shield' for bloggers

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Some Republicans said they opposed the bill more broadly because they believed it would give undue protection to anyone who publishes false or irresponsible information. Former Judiciary Committee chairman Jim Sensenbrenner (R-Wis.) cited a New York Times story last year about a government computer system to track money laundering by terrorists as an example of a situation in which a news outlet harmed American national security interests.

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Wall Street, Iraq and the Declining Dollar

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US oil and gas production peaked in the early '70s, and we are now by far the world's largest energy importer. The largest oilfields in Saudi Arabia, Kuwait, Iran, Syria, Yemen and Oman are in decline, as are most oilfields in the former Soviet Union, Canada, Central and South America, and on-shore Africa. New fields will be discovered and new technologies brought to bear, but costs of production will be higher than in the past and will require more expensive investments in equipment and technology.

Even as existing fields age, the new economies of India and China require more and more oil to fuel their impressive growth. Although a worldwide depression might result in a temporary drop in the price of oil and other commodities, the long-term imbalance between growing demand and declining supply will eventually reassert itself, creating price increases over time.

Contemporaneously with the supply/demand imbalance in oil and other hard commodities, the Bush Administration's response to 9/11 has weakened the position of the dollar in the world. The President's request that Americans continue to spend has struck an all-too-sympathetic chord with the American people. The trade deficits caused by that spending have created a current account deficit equal to 6.2 percent of GDP, sending trillions of dollars into the hands of foreigners.

While we continue to import goods of much greater value than those we export, thus flooding the world with dollars, Bush has pursued a policy of what some have dubbed "military Keynesianism"--that is, the combination of low taxes and high military expenditures. This dynamic forces the Federal Reserve to print money and foster easy credit policies, which will eventually result in higher interest rates, inflation or both.

So the printing presses are spewing out more dollars, which are being collected by China, Japan and others. And those countries are showing signs of concern that they have too much of their foreign exchange reserves tied up in our currency. Likewise, certain other nations are evidencing a declining interest in accepting the dollar as a medium of exchange. It was in October 2000 that Saddam insisted that Iraq's oil be paid for in euros. But now Russia wants payment for the energy it exports in rubles. Venezuela and Iran insist on euros. Kuwait has recently unpegged its dinar from the dollar in favor of a basket of currencies.

The dollar has indeed shown symptoms of its decline in popularity during the Bush years. The dollar has weakened against the euro, gold, copper and other hard assets and currencies. When Bush came in to office, for example, you could get .987 euros for every dollar. Now you can only get .75. You could say that at $65 per barrel, oil is getting more valuable... or you could say the value of the dollar has declined as measured by oil.

Mainstream economists seem to agree that best-case, the dollar will continue a stately decline, but in a world where the United States has lost so much respect, where we continue to flood the world with dollars and borrow to finance our consumer habit, we could find that one of those sharp, depression-inducing discontinuities occurs--like, say, a run on the dollar.

We are continuing to import 60 percent of the 20.6 million barrels of oil we use daily. And though the size and stability of our economy is likely to insure a demand for the dollar at some level, oil that anyone can buy for hard currency may be getting scarcer. Governments have begun to do deals aimed at taking oil off the market for their own account--deals like the ones China has done with Angola, Brazil, Iran, Nigeria, Venezuela and Sudan. South Korea has just announced it will follow suit.

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Trigger Happy, Taxpayer Funded Amerikkkan Mercenaries Shoot it up In Baghdad

A Blackwater guard shot and killed an Iraqi driver Thursday near the Interior Ministry, according to three U.S. officials and one Iraqi official who were briefed on the incident but spoke on condition of anonymity because of a pending investigation. On Wednesday, a Blackwater-protected convoy was ambushed in downtown Baghdad, triggering a furious battle in which the security contractors, U.S. and Iraqi troops and AH-64 Apache attack helicopters were firing in a congested area.
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Since Blackwater Security Thugs, and other private army members employed by the US government and paid by taxpayer dollars that ought to be going to education and health care (to name just 2 neglected priorities), are not subject to the Uniform Code of Military Justice they may murder how many ever they see fit and experience no consequence.

Blackwater's security consulting division holds at least $109 million worth of State Department contracts in Iraq, and its employees operate in a perilous environment that sometimes requires the use of deadly force. But last week's incidents underscored how deeply these hired guns have been drawn into the war, their murky legal status and the grave consequences that can ensue when they take aggressive action.
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Washington Post coverage is so polite as to obfuscate the facts. BushCo has been busy privatizing the US military along with the rest of government functions. Rummy's war plans were far more focused on how to feed tax payer dollars to private mercenaries than how to establish peace in Iraq after the overthrow of Saddam. Make no mistake though - it is damn hard to plan the details of a war of aggression and choice like the Bushites threw here, like Hitler threw in Europe.

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The Iraqi official said the driver encountered the Blackwater convoy after leaving a gas station just outside the Interior Ministry. Some witnesses said the shooting was unprovoked, the official said. He said the driver had wounds in his shoulder, chest and head.

The Blackwater employees refused to divulge their names or details of the incident to Iraqi authorities, according to two of the U.S. officials and the Iraqi official. The officials described a tense standoff that ensued between the Blackwater guards and Interior Ministry forces -- both sides armed with assault rifles -- until a passing U.S. military convoy intervened.

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If the Bullshit democrat controlled (by however slim a margin) congress, elected to stop Bush, cannot hold these private murderers who were also deployed on the streets on New Orleans post Katrina accountable is time to storm Washington.