Posts Tagged ‘abuse’
Posted by Warm Southern Breeze on Friday, March 7, 2014
The SEC could help tackle corruption in resource-rich countries around the world — but the oil industry is getting in the way.
Angola, Africa’s second-largest oil producer, is regarded as one of the most corrupt countries in the world. And American oil lobbyists are only making the situation worse: They are exploiting Angola by seeking to delay and weaken the implementation of a crucial U.S. transparency law.
That law, Section 1504 of the Dodd-Frank Act, also known as the Cardin-Lugar amendment, promises a breakthrough in preventing dirty deals and illicit payments being made for natural resources around the world, similar to the shady transaction recently uncovered by Foreign Policy. If implemented fully, the law would make U.S. oil and mining companies disclose the payments they make to governments across the world, including in Angola. However, oil lobbyists have been making misguided arguments that laws in Angola and three other countries prevent the required disclosures.
Off Shore Oil Drilling Rig – MARTIN BUREAU/AFP/Getty Images
Angolan officials secretly profiting from the country’s oil riches is not a surprise. It is only the latest episode in a sad history that goes back for decades. Global Witness, where we work, began exposing the complicity of the international oil and banking industries in the plundering of state assets during Angola’s 40-year civil war in our 1999 report A Crude Awakening. This was followed by our 2002 report All the Presidents’ Men, which called on the oil companies operating in Angola to “Publish What You Pay” (PWYP). Under this rallying call, Global Witness co-launched the PWYP campaign, which is now an international coalition of more than 790 civil society organizations in over 60 countries, including Angola, advocating for transparency laws such as Section 1504.
These efforts are intended to prevent scandals similar to the Trafigura deal covered in Foreign Policy, which provide a glimpse of the endemic corruption in Angola‘s oil industry. Only a few days before Foreign Policy published its story, media reports about leaked documents relating to other corruption claims caused the share price of SBM Offshore, a Dutch oil services company operating in Angola, to plummet 17.9 percent when markets opened. SBM released a statement challenging the validity of the leaked documents, saying that they are partial, taken out of context, contain outdated information, and are not representative of the facts. SBM had also already disclosed to its investors that it was conducting an internal investigation into questionable payments in Angola. However, the dramatic stock drop suggests that SBM investors had not anticipated the scale of the corruption risk exposure.
Another oil services company active in Angola, Weatherford International, which is listed on the New York Stock Exchange and headquartered in Switzerland, has recently pleaded guilty to violations of the U.S. Foreign Corrupt Practices Act (FCPA), including bribery of the executives of Sonangol, Angola’s state oil company. It has agreed to pay fines of $253 million to settle the case, one of the largest FCPA settlements ever.
These cases illustrate the urgent need for transparency in Angola’s oil sector. The successful implementation of Read the rest of this entry »
Posted in - Business... None of yours, - Politics... that "dirty" little "game" that first begins in the home., - Read 'em and weep: The Daily News | Tagged: abuse, Africa, Angola, BIG OIL, bribe, business, Congress, continent, corruption, Dodd-Frank, Dodd-Frank Act, drill, Energy, enterprise, European Union, Foreign Policy, gas, Global Witness, government, greed, history, human rights, ilicit, illegal, influence, international finance, law, lobby, lobbyist, Mining, money, New York Stock Exchange, news, NYSE, Offshore drilling, oil, politics, power, regulation, resources, SBM Offshore, SEC, Securities & Exchange Commission, Stock Exchange, Switzerland, U.S. Securities and Exchange Commission, UBS, United States, Wall Street, war, wealth, Weatherford International | Leave a Comment »
Posted by Warm Southern Breeze on Friday, December 20, 2013
Did you know? (No, you probably didn’t.)
In a report dated August 2013, the Department of Health and Human Services Office of Inspector General (HHS OIG) conducted a criminal and administrative investigation and found that Alabama claimed, and was paid millions in unallowable performance bonus payments under the Children’s Health Insurance Program Reauthorization Act (CHIRPA).
This FRAUD was because of INCOMPETENCY in Alabama governance.
The HHS OIG found that the Alabama state agency overstated its FYs 2009 and 2010 current enrollment in its requests for bonus payments. The State agency overstated its current enrollments because, rather than Read the rest of this entry »
Posted in - Business... None of yours, - My Hometown is the sweetest place I know, - Read 'em and weep: The Daily News | Tagged: abuse, ACA, Alabama, Alabama Legislature, Associated Press, Barack Obama, Bentley, budget, Centers for Medicare and Medicaid Services, children, CHIP, CHIRPA, CMS, Crimson Tide, defraud, federal, Federal government of the United States, fraud, GOP, government, governor, health, HHS, incompetence, incompetency, insurance, Medicaid, Mississippi, money, Montgomery Alabama, news, Obamacare, OIG, Patient Protection and Affordable Care Act, politics, PPACA, quiet, Republican, Robert Bentley, Robert J. Bentley, State Children's Health Insurance Program, United States, waste | 2 Comments »
Posted by Warm Southern Breeze on Tuesday, November 26, 2013
Your Tax Dollars at Work: U.S. Air Force Mothballs $1.6 BILLION of New Aircraft
Nearly 13 years ago, in a speech given at the Pentagon, Monday, September 10, 2001, then-Secretary of Defense Donald Rumsfeld said in part that, “We cannot track $2.3 trillion in transactions. We maintain 20 to 25 percent more base infrastructure than we need to support our forces, at an annual waste to taxpayers of some $3 billion to $4 billion.”
As part of the Joint Cargo Aircraft Program, the Air Force ordered $1,600,000,000 worth of Read the rest of this entry »
Posted in - Politics... that "dirty" little "game" that first begins in the home., - Read 'em and weep: The Daily News | Tagged: 309th Aerospace Maintenance and Regeneration Group, abuse, Air Force, Alenia Aeronautica, Alenia C-27J Spartan, Arizona, boneyard, Davis–Monthan Air Force Base, Department of Defense, DoD, Donald Rumsfeld, Forestry Service, fraud, government, Manhattan, Pentagon, SecDef, Secretary of Defense, Special Operations, Tucson, United States Air Force, United States Coast Guard, United States Special Operations Command, USAF, video, waste | Leave a Comment »
Posted by Warm Southern Breeze on Wednesday, November 13, 2013
Brian Scott Keeton, age 38, taught Math & was a Boys Basketball coach at Vina High School, in Franklin County, Alabama. He was arrested for having sex with a 17-year-old female student. He denies the charges.
But do notice the punishment – 2 to 20 years in prison upon conviction of the Class B felony.
The Alabama Lunchroom Lady “Cougar” got six months in jail, and 5 years probation.
Reckon what this Basketballing Math Teacher will get?
Second Vina teacher arrested for alleged affair with student
Published 4:38pm Wednesday, November 13, 2013
VINA – The Vina High School boys basketball coach became the second faculty member from the school in less than a week to be arrested for an alleged sexual relationship with a student, officials said.
Brian Scott Keeton, 38, 73 Lost Creek Lane, Carbon Hill, was arrested Wednesday afternoon and charged with one count of being a school employee engaging in a sexual act with a student under the age of 19, which is a Class B felony punishable by two to 20 years in prison if convicted.
This arrest comes only five days after Vina physical education teacher Sonny Dewaine Tibbs, 35, of Hamilton, was arrested on Read the rest of this entry »
Posted in - Read 'em and weep: The Daily News | Tagged: abuse, adults, AL, Alabama, arrest, basketball, Bob Riley, Brian Scott Keeton, coach, corruption, crime, criminal, employee, Franklin County, Hamilton, high school, Intimate relationship, Keeton, law, Oliver, prison, sex, sex crime, sexting, sheriff, student, teacher, teens, Tibbs, underage, Vina | Leave a Comment »
Posted by Warm Southern Breeze on Wednesday, November 13, 2013
At what point must we acknowledge that in many sex crimes cases, women are punished differently than men?
Six months in jail, to be followed by five years probation?
If that’s not a joke, I don’t know what is.
Is such different treatment not a violation of the United States Constitution’s Fourteenth Amendment’s Equal Protection Clause?
See Michelle Coker Taylor’s Arrest & Booking record with the Fayette County, Alabama Sheriff’s here:
Ex-Fayette school cafeteria worker pleads guilty to having sex with student
Michelle Coker Taylor to serve six months of 20-year term, then 5 years on probation
Former Fayette County school system employee Michelle Taylor has pleaded guilty to criminal charges for having sex with a student.
Published: Tuesday, November 5, 2013 at 3:30 a.m.
Last Modified: Monday, November 4, 2013 at 11:50 p.m.
A former Fayette County school system employee has pleaded guilty to criminal charges of having sex with a student, according to a news release from Chris McCool, district attorney for the 24th Judicial Circuit District.
Michelle Coker Taylor, 46, was sentenced to Read the rest of this entry »
Posted in - Did they REALLY say that?, - Lost In Space: TOTALLY Discombobulated, - Read 'em and weep: The Daily News | Tagged: abuse, abuser, AL, Alabama, child molester, convict, Cougar, crime, criminal, Fayette, Fayette County High School, female, high school, jail, Lady, law, lunchroom, lunchroom lady, McCool, Michelle Coker Taylor, MILF, Oct. 22, Plea, prison, probation, sex, sex abuser, sex crime, Sex offender, sheriff, Taylor, Tuscaloosa News, United States, United States Constitution | 2 Comments »
Posted by Warm Southern Breeze on Friday, August 16, 2013
How many NSA agents does it take to screw in a light bulb?
The reader will take note of the following:
The Federal agencies involved – ICE & HSI – discovered a violation of law secondary to another investigation.
“Law enforcement authorities discovered Smiths’ email… during an investigation into the individual in the other state.”
August 15, 2013
ORLANDO, Fla. — A Port Orange man pleaded guilty Tuesday to distribution of child pornography and possession of child pornography. The guilty plea resulted from an investigation by U.S. Immigration and Customs Enforcement’s (ICE) Homeland Security Investigations (HSI) with assistance from the Brevard County Sheriff’s Office.
According to court documents, on July 31, 2012, Tyler Andrew Smith, 23, sent an email Read the rest of this entry »
Posted in - Read 'em and weep: The Daily News | Tagged: abuse, Child pornography, crime, email, HSI, illegal, Internet, investigation, kiddie porn, law, National Center for Missing & Exploited Children, Orlando, Porn, pornography, sex crime, Smith, U.S. Immigration and Customs Enforcement, Virtual Global Taskforce, YouTube | Leave a Comment »
Posted by Warm Southern Breeze on Thursday, June 27, 2013
If you had an option, would you rather pay $10/month, or $80/month for a prescription medication that accomplished/did the exact same thing?
Research shows that the results of the 2 differently priced medicines have never been shown to be any better in any way.
Which would you choose?
What if your doctor prescribed the more expensive medication for you based on the fact that Read the rest of this entry »
Posted in - Do you feel like we do, Dr. Who?, - Read 'em and weep: The Daily News | Tagged: $62 billion, abuse, ACA, Affordable Care Act, Archives of Internal Medicine, avarice, Big Pharma, biotech, blood pressure, cardiology, cheat, crime, DO, doctor, drug, elderly, ethics, Forest Laboratories, fraud, GPO, greed, group purchasing organizations, health, healthcare, honesty, kickback, law, lie, manufacturers, MD, Medicaid, Medical device, Medicare, medication, medicine, money, Obamacare, patient, pharmaceutical, physician, PPACA, ProPublica, steal, taxes, taxpayer, teaching hospital, Thomas Aquinas, waste | Leave a Comment »
Posted by Warm Southern Breeze on Monday, May 27, 2013
What does Senator Sessions think about the March 2012 Government Accountability Office report to Congress that found the 96 highest-priority defense programs in the Pentagon acquisitions system represented an estimated total cost of $1.58 trillion, and had actually “grown by over $74 billion or 5 percent in the past year”?
The report, entitled DEFENSE ACQUISITIONS: Assessments of Selected Weapon Programs – may be downloaded from the GAO website: http://www.gao.gov/assets/590/589695.pdf
Or from this blog: GAO 3/12 report – DEFENSE ACQUISITIONS Assessments of Selected Weapon Programs
And then, there are the Remarks as Delivered by Secretary of Defense Donald H. Rumsfeld, The Pentagon , Monday, September 10, 2001 entitled DOD Acquisition and Logistics Excellence Week Kickoff—Bureaucracy to Battlefield, in which he said “According to some estimates, we cannot track $2.3 trillion in transactions.”
How many variety of voices over an extended period of time do we need before we heed their warnings?
His speech, in it’s entirety follows. Read the rest of this entry »
Posted in - Lost In Space: TOTALLY Discombobulated, - Politics... that "dirty" little "game" that first begins in the home., - Read 'em and weep: The Daily News | Tagged: $74 billion, abuse, Alabama, Chuck Hagel, Cold War, Congress, defense, Department of Defense, DoD, Donald Rumsfeld, Federal government of the United States, fraud, GAO, GOP, Government Accountability Office, Jeff Sessions, Lockheed Martin, money, Pentagon, Project On Government Oversight, Republican, senate, Senator, spending, taxes, taxpayer, United States, United States Congress, United States Department of Defense, United States Secretary of Defense, USA TODAY, waste | Leave a Comment »
Posted by Warm Southern Breeze on Sunday, January 13, 2013
Here’s the one-liner you’ll remember, albeit one with significant truth:
“There’s more pork in the Pentagon budget than a Smithfield corporate hog farm feedlot in North Carolina.”
Or, if you prefer:
“There’s more pork in the Pentagon budget than a Paula Deen Christmas recipe.”
And if the Pentagon budget were a recipe, it’d be a recipe for disaster.
The budget for the United States Department of Defense accounts for very nearly 6% of our nation’s budget. It is THE SINGLE LARGEST BUDGET ITEM in the entire budget. The amount of money sifting through the Pentagon’s hands is more than the combined defense budgets of the world’s top 15 wealthiest nations. And, it accounts for 4.7% of our nation’s economy. Late former President Dwight David Eisenhower was spot-on accurate in his Farewell Address to the nation 17 January 1961 when he warned us saying:
“This conjunction of an immense military establishment and a large arms industry is new in the American experience. The total influence — economic, political, even spiritual — is felt in every city, every Statehouse, every office of the Federal government. We recognize the imperative need for this development. Yet, we must not fail to comprehend its grave implications. Our toil, resources, and livelihood are all involved. So is the very structure of our society.
“In the councils of government, we must guard against the acquisition of unwarranted influence, whether sought or unsought, by the military-industrial complex. The potential for the disastrous rise of misplaced power exists and will persist.
“We must never let the weight of this combination endanger our liberties or democratic processes. We should take nothing for granted. Only an alert and knowledgeable citizenry can compel the proper meshing of the huge industrial and military machinery of defense with our peaceful methods and goals, so that security and liberty may prosper together.”
None of this is to say, of course, that any kind of spending on national defense is somehow a bad thing, for it is not. Yet Eisenhower specifically warned about even the spiritual implications of the DoD spending “Gone Wild.” However, the last time the people, the Congress, the President or anyone else – including the Comptroller General, the Office of the DoD Inspector General, or the Secretary of Defense ever said anything about being budget hawks on the use of the people’s taxes was September 10, 2001 when SecDef Donald Rumsfeld spoke to the Department of Defense, and announced that the Department of Defense “cannot track $2.3 trillion in transactions.” Not only was that money MIA, but he added that…
“The technology revolution has transformed organizations across the private sector, but not ours, not fully, not yet. We are, as they say, tangled in our anchor chain. Our financial systems are decades old. According to some estimates, we cannot track $2.3 trillion in transactions. We cannot share information from floor to floor in this building because it’s stored on dozens of technological systems that are inaccessible or incompatible.
“We maintain 20 to 25 percent more base infrastructure than we need to support our forces, at an annual waste to taxpayers of some $3 billion to $4 billion. Fully half of our resources go to infrastructure and overhead, and in addition to draining resources from warfighting, these costly and outdated systems, procedures and programs stifle innovation as well. A new idea must often survive the gauntlet of some 17 levels of bureaucracy to make it from a line officer’s to my desk. I have too much respect for a line officer to believe that we need 17 layers between us.”
-Donald Rumsfeld, U.S. Secretary of Defense, September 10, 2001
He discovered $2.3 Trillion in the DoD budget of taxpayer monies which had no accounting. It was “Missing In Action.” The next day, the World Trade Centers suffered terrorist attacks. We never heard anything ever again. [Read the text of his speech here: http://www.defense.gov/speeches/speech.aspx?speechid=430]
Here’s a video of the CBS news report.
And now, here’s a jet plane that is the veritable aircraft version of a Jack-of-all-Trades-and-Master-of-None, which our nation’s military has previously said they do not need, and already have other more durable, reliable and operable aircraft. And this is a thing that they have continuously said they want, rather than need.
Wants and needs are two entirely different things.
And not only that, but that the entire bidding process related to Defense contracts is fraught with cost overruns, late deliveries and more – all of which would NOT be, and is NOT tolerated in private enterprise. And yet, we somehow think that the sacred cow of Pentagon spending is somehow exempted from the normal rules of operation.
And now, with the budget items heating up again, it would be ludicrously preposterous to presume that the sacred cow of Pentagon slush funds slop trough is in pristine condition.
Other agencies, like American businesses and families throughout, have learned to live within their means, and make do with less.
Why can’t the Pentagon?
By Tony Capaccio – Jan 12, 2013
Durability testing on the most complicated version of Lockheed Martin Corp.’s (LMT) F-35 was halted last month after “multiple” cracks were discovered in the fighter jet, according to the Pentagon’s testing office.
The previously undisclosed halt in high-stress ground testing involves the F-35B, Read the rest of this entry »
Posted in - My Hometown is the sweetest place I know, - Politics... that "dirty" little "game" that first begins in the home., - Read 'em and weep: The Daily News | Tagged: $2.3 Trillion, abuse, Congress, cooking, Defense Department, Donald Rumsfeld, faith, fraud, Lockheed Martin, Marine, morals, Paula Deen, Pentagon, pork, recipe, religion, spirituality, United States, United States Department of Defense, United States Secretary of Defense, waste, World Trade Center | Leave a Comment »
Posted by Warm Southern Breeze on Saturday, December 29, 2012
It’s been amazing to me to hear that many who have followed this issue – or even had some passing familiarity with the story – have been so blatantly ignorant of the abuses and frauds perpetrated by the corporate executives of the Hostess Corporation. Frankly, those who demonized the unfortunate demise of this iconic American enterprise blamed unions, and completely overlooked corporate malfeasance. However, this enterprise, which, in the course of their operations, once treated their employees well, was miserably raped by greedy and incompetent executives. Why they have not been charged with theft or fraud is beyond my comprehension.
Hostess Maneuver Deprived Pension
- Updated December 9, 2012, 8:03 p.m. ET
Hostess Brands Inc. said it used wages that were supposed to help fund employee pensions for the company’s operations as it sank toward bankruptcy.
After nearly 22 years at Hostess, former forklift operator Craig Davis is pondering his future on the front porch of his home in Emporia, Kan.
It isn’t clear how many of the Irving, Texas, company’s workers were affected by the move or how much money never wound up in their pension plans as promised.
After the company said in August 2011 that it would stop making pension contributions, the foregone wages weren’t put toward the pension. Nor were they restored.
After nearly 22 years at Hostess, former forklift operator Craig Davis is pondering his future on the front porch of his home in Emporia, Kansas. Ryan Nicholson for The Wall Street Journal
The maker of Twinkies, Ho-Hos and Wonder Bread filed for bankruptcy protection in January and shut down last month following a strike by one of the unions representing Hostess workers. A judge is overseeing the sale of company assets.
Gregory Rayburn, Hostess’s chief executive officer, said in an interview it is “terrible” that employee wages earmarked for the pension were steered elsewhere by the company.
“I think it’s like a lot of things in this case,” he added. “It’s not a good situation to have.”
Mr. Rayburn became chief executive in March and learned about the issue shortly before the company shut down, he said. “Whatever the circumstances were, whatever those decisions were, I wasn’t there,” he said.
A spokeswoman for Hostess’s previous top executive, Brian Driscoll, declined to comment.
Hostess hasn’t previously acknowledged that the foregone wages went toward its operations.
The maneuver probably doesn’t violate federal law because the money Hostess failed to put into the pension didn’t come directly from employees, experts said.
“It’s what lawyers call betrayal without remedy,” said James P. Baker, a partner at Baker & McKenzie LLP who specializes in employee benefits and isn’t involved in the Hostess case. “It’s sad, but that stuff does happen, unfortunately.”
The decision to cease pension contributions angered many employees. After the bankruptcy filing, Hostess tangled with Read the rest of this entry »
Posted in - Business... None of yours, - Did they REALLY say that?, - Read 'em and weep: The Daily News | Tagged: abuse, business, crime, fraud, greed, ho's, Hostess, Hostess Brands, incompetence, investigation, liars, pension, Rayburn, retirement, Teamster, theft, Twinkie, Twinkies, Wall Street Journal | Leave a Comment »
Posted by Warm Southern Breeze on Monday, November 19, 2012
As the saying goes, “It ain’t over ’til the fat lady sings.”
At this point, apparently, she’s not yet begun, although she is “in the house.”
And, from our “WTF?!?” files, comes this item:
In early February, Hostess had asked the bankruptcy judge to approve a sweet new employment deal for Driscoll. Its terms guaranteed him a base annual salary of $1.5 million, plus cash incentives and “long-term incentive” compensation of up to $2 million. If Hostess liquidated or Driscoll were fired without cause, he’d still get severance pay of $1.95 million as long as he honored a noncompete agreement.
The committee representing Hostess’s unsecured creditors alleges that information it has gathered suggests “the possibility” that the company converted a chunk of its top executives’ pay from performance-based bonuses to salary, “at least in part to sidestep” rules designed to ensure that companies in bankruptcy aren’t enticing their employees to stay on board with the promise of cash, according to documents filed with the U.S. Bankruptcy Court in White Plains, N.Y.
This solitary example is a wonderful one for illustrating what is WRONG with corporate governance and corporate operations in the United States. It’s an even more sad commentary that laws must be enacted to require people to do the right thing. At this juncture, the judge overseeing the Hostess Brands Inc. bankruptcy is doing precisely that.
Hostess and Bakers Union Asked Accept Strike Mediation
The judge overseeing Hostess Brands Inc. declined to approve the company’s liquidation today and asked management and the bakers’ union to enter mediation tomorrow to resolve the strike that the maker of Twinkies and Wonder bread said forced it to shut.
U.S. Bankruptcy Judge Robert Drain said at a hearing in White Plains, New York, that there are “serious questions as to the logic behind the decision to strike.” Hostess and the bakers’ union agreed to Drain’s request to enter confidential mediation under his supervision.
“To me, not to have gone through that step leaves a huge question mark over this case which I think will only be answered in litigation,” Drain said. “My desire to do this is prompted primarily by the potential loss of over 18,000 jobs, as well as my belief that there is a possibility to resolve this matter, notwithstanding the losses the debtors have incurred over the last week or so.”
Hostess hasn’t spoken with the Bakery, Confectionery, Tobacco Workers and Grain Millers International Union since August, said Heather Lennox, a lawyer for the company. Hostess is seeking permission from Drain to pay bonuses to key managers while closing operations that will leave most of its 18,500 workers unemployed. Any agreement arising from the mediation would probably come too late to save the company, Lennox said.
“Things have gone too far to repair themselves under the current form,” Lennox, a partner at Jones Day, told Drain. “It would be very hard for us to recover from this damage even if there were to be an agreement in the near term.”
“Our best shot is to see what we can sell as going concerns and have the company continue that way,” she said. The hearing to consider Hostess’s request to wind down was postponed until Nov. 21.
Hostess said Nov. 16 that it would shut, claiming that a weeklong strike by the bakers’ union forced liquidation. The union blamed management’s concession demands, while some employees blamed both sides. Strikers were still outside the company’s facilities today, Hostess’s lawyers said.
Corrina Christensen, a spokeswoman for the bakers’ union, didn’t immediately respond to an e-mail seeking comment on the mediation.
The International Brotherhood of Teamsters, whose members distribute Hostess products, had ratified a new contract with 8 percent in wage concessions and 17 percent in benefit reductions.
“The Teamsters will closely monitor the mediation between the BCTGM and Hostess management and assist in any way we can to help the two sides reach an agreement that keeps the company’s doors open,” Ken Hall, the Teamsters general secretary- treasurer, said today in a statement.
The judge may be creating risk for both sides that encourages them to reach a deal, Ken Russak, a bankruptcy attorney at Frandzel Robins Bloom & Csato in Los Angeles, said today in an interview. “The bankruptcy judge would much prefer to have the parties work something out than having to Read the rest of this entry »
Posted in - Business... None of yours, - Read 'em and weep: The Daily News | Tagged: abuse, avarice, Bakers Food and Allied Workers Union, bakery, bankruptcy, business, Ding Dong, Drain, enterprise, Flowers Foods, food, fraud, greed, Ho Ho, Hostess, Hostess Brands, Hostess cakes, judge, labor, management, mediation, mismanagement, news, Teamsters, Twinkie, Twinkies, union, United States, United States bankruptcy court, waste, White Plains New York, Wonder Bread | Leave a Comment »
Posted by Warm Southern Breeze on Tuesday, October 9, 2012
U.S. Charges 530 in Mortgage Probe With $1 Billion in Losses
The U.S. brought charges against 530 people over mortgage schemes that cost homeowners more than $1 billion, Attorney General Eric Holder said today.
More than 73,000 homeowners were victims of various frauds for which charges were filed during a year-long crackdown, including “foreclosure rescue schemes” that take advantage of those who have fallen behind on payments, the Justice Department said in a statement.
“These comprehensive efforts represent Read the rest of this entry »
Posted in - Did they REALLY say that?, - Politics... that "dirty" little "game" that first begins in the home. | Tagged: $1 billion, abuse, Attorney General, banks, Bankster, Eric Holder, finance, fraud, GOP, high finance, law, money, mortgage, Mortgage fraud, Mortgage loan, news, Republican, scheme, United States, United States Department of Justice, Wall Street, Washington, waste | Leave a Comment »
Posted by Warm Southern Breeze on Tuesday, September 11, 2012
As the president and others – nonpartisan and partisan alike – have noted, BIG BUSINESS should NOT need a bailout. They should be operated in such a manner as to allow the Free Market to decide how, to what extent, and if they prosper. As part of that process, ironclad and strong regulation to prevent fraud and abuse should be vigorously enforced. And chief executives Read the rest of this entry »
Posted in - Politics... that "dirty" little "game" that first begins in the home., - Read 'em and weep: The Daily News | Tagged: "Occupy Wall Street", abuse, AIG, American International Group, bailout, banks, Big Business, business, consumer, corruption, economic, economy, entrepreneurship, federal, Federal Reserve, Federal Reserve Bank of New York, Federal Reserve System, fiscal, fiscal orgy, fraud, free enterprise, Glass-Steagall, Glass-Steagall Act, incestuous fiscal orgy, infographic, insurance, lobbyists, news, Occupy until I come., protection, stock brokerage houses, TARP, tax, taxes, Timothy Geithner, treasury, Troubled Asset Relief Program, United States Department of the Treasury, USA, Wall Street, waste | Leave a Comment »
Posted by Warm Southern Breeze on Saturday, September 8, 2012
A few points for the reader to consider:
This fraud was national in scope, involving a $3 BILLION settlement, of which the North Carolina Attorney General was able to recoup $31.8M. Pfizer, Abbott, Johnson & Johnson, Forest Labs, Eli Lilly, Astrazeneca have also all plead guilty to deceptive and fraudulent marketing. It’s very likely a drop in the bucket in comparison with the greater scope.
The four most expensive Pharmacy frauds in the United States history have occurred since George W. Bush oversaw the rewriting of the Medicare Part D drug benefit in 2003. In order of their value, they are:
GlaxoSmithKline – $3 Billion, 2012
Pfizer – $2.3 Billion, 2009
Abbott Laboratories – $1.5 Billion, 2012
Eli Lilly – $1.4 Billion, 2009
The so-called “doughnut hole” in the Medicare prescription Part D drug plan was closed by President Obama. That “doughnut hole” was created under the George W. Bush administration, who caved in to lobbyists from BIG PHARMA, and allowed them to write much of that aspect of the 2003 revision of the Medicare Part D law (also known as the Medicare Prescription Drug, Improvement, and Modernization Act (MMA), and refused to allow Medicaid the opportunity to bargain for prices with pharmaceutical firms.
Advertising is expensive. Advertising for medications on television, radio, Internet, magazines, billboards, buses, and any other place where advertising is sold, is illegal in some nations. It was once illegal in the United States, until the 1980′s when the FDA OK’d it under pressure from the Reagan administration.
IMS Health, a medical data firm, calculates that drug companies’ business in the United States alone earns more than $300 billion a year.
Last year, GSK had $20 Billion gross profits on $27 Billion in revenue. So don’t let anyone EVER fool you into believing that drug companies don’t make enough money, don’t have enough profits, or enough profit margin.
Pharmaceutical companies spent Read the rest of this entry »
Posted in - Politics... that "dirty" little "game" that first begins in the home., - Read 'em and weep: The Daily News | Tagged: abuse, BIG MONEY, Big Pharma, Bupropion, corruption, FDA, Food and Drug Administration, fraud, George W. Bush, GlaxoSmithKline, GOP, lobbyist, Medicaid, North Carolina, Paroxetine, Paxil, Political corruption, Republican, Ronald Reagan, Roy Cooper, United States, waste, wealth, Wellbutrin | Leave a Comment »
Posted by Warm Southern Breeze on Sunday, September 2, 2012
How the GOP presidential candidate and his private equity firm staged an epic wealth grab, destroyed jobs – and stuck others with the bill
by: Matt Taibbi
Mitt Romney illustration / Illustration by Robert Grossman
The great criticism of Mitt Romney, from both sides of the aisle, has always been that he doesn’t stand for anything. He’s a flip-flopper, they say, a lightweight, a cardboard opportunist who’ll say anything to get elected.
The critics couldn’t be more wrong. Mitt Romney is no tissue-paper man. He’s closer to being a revolutionary, a backward-world version of Che or Trotsky, with tweezed nostrils instead of a beard, a half-Windsor instead of a leather jerkin. His legendary flip-flops aren’t the lies of a bumbling opportunist – they’re the confident prevarications of a man untroubled by misleading the nonbeliever in pursuit of a single, all-consuming goal. Romney has a vision, and he’s trying for something big: We’ve just been too slow to sort out what it is, just as we’ve been slow to grasp the roots of the radical economic changes that have swept the country in the last generation.
The incredible untold story of the 2012 election so far is that Romney’s run has been a shimmering pearl of perfect political hypocrisy, which he’s somehow managed to keep hidden, even with thousands of cameras following his every move. And the drama of this rhetorical high-wire act was ratcheted up even further when Romney chose his running mate, Rep. Paul Ryan of Wisconsin – like himself, a self-righteously anal, thin-lipped, Whitest Kids U Know penny pincher who’d be honored to tell Oliver Twist there’s no more soup left. By selecting Ryan, Romney, the hard-charging, chameleonic champion of a disgraced-yet-defiant Wall Street, officially succeeded in moving the battle lines in the 2012 presidential race.
Like John McCain four years before, Romney desperately needed a vice-presidential pick that would change the game. But where McCain bet on a combustive mix of clueless novelty and suburban sexual tension named Sarah Palin, Romney bet on an idea. He said as much when he unveiled his choice of Ryan, the author of a hair-raising budget-cutting plan best known for its willingness to slash the sacred cows of Medicare and Medicaid. “Paul Ryan has become an intellectual leader of the Republican Party,” Romney told frenzied Republican supporters in Norfolk, Virginia, standing before the reliably jingoistic backdrop of a floating warship. “He understands the fiscal challenges facing America: our exploding deficits and crushing debt.”
Debt, debt, debt. If the Republican Party had a James Carville, this is what he would have said to win Mitt over, in whatever late-night war room session led to the Ryan pick: “It’s the debt, stupid.” This is the way to defeat Barack Obama: to recast the race as a jeremiad against debt, something just about everybody who’s ever gotten a bill in the mail hates on a primal level.
Last May, in a much-touted speech in Iowa, Romney Read the rest of this entry »
Posted in - Politics... that "dirty" little "game" that first begins in the home., - Read 'em and weep: The Daily News | Tagged: abuse, Bain Capital, crime, fraud, GOP, John McCain, Mitt Romney, news, Paul Ryan, Republican, Romney, United States, Wall Street, waste, wealth | 4 Comments »
Posted by Warm Southern Breeze on Wednesday, August 22, 2012
One must understand the audience to whom Mr. Archibald writes his Birmingham News OpEds.
They’re the same ones who found hometown favorite criminal Richard Scrushy – monikered as “America’s First Oblivious CEO” – “Not Guilty” of violating the Sarbanes-Oxley Act, who to date, remains the solitary individual ever charged with its violation. Alice Martin, then Federal Prosecutor for the Northern District of Alabama, who failed to obtain a guilty verdict in the case, could have moved the trial to New York City – home of Wall Street – or “in Washington, D.C., or in New York City where pecuniary intricacies are understood,” but rather chose Birmingham, Alabama as the trial venue. John C. Coffee, professor of securities law at Columbia Law School, accurately said of the case, that “much of the information was over their heads” and jurors were “sick of trying to understand evidence that was beyond them.”
This remark – right, or wrong (but mostly right) – remains true for Alabama:
Citizens in the state are “largely poor, uneducated, and easy to command.“
In context of course, historically, one should recognize Read the rest of this entry »
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Posted by Warm Southern Breeze on Tuesday, August 21, 2012
Let’s get lobbyists to pay for a trip to Israel where we can eat fancy food, drink Dom Pérignon champagne, and swim nekkid!
You know, it’d be funny if it weren’t first so sad… because it’s all true.
Every Dogdamn bit of it.
August 21, 2012
Skinny-Dipping in Israel Casts Unwanted Spotlight on Congressional Travel
WASHINGTON — The trip was much like any of the hundreds hosted in recent years by a nonprofit offshoot of the American Israel Public Affairs Committee, a powerful Washington lobby, and the purpose was much the same: to solidify the support of American lawmakers for Israel at a time of Middle East tumult.
For eight all expense-paid days, House Republicans visited Israel’s holiest sites, talked foreign policy with its highest officials and dined at its most famous restaurants, including Decks, known for its grilled beef, stunning views of the Sea of Galilee, and now, for an impromptu swim party.
With hundreds of Washington lawmakers having gone to Israel courtesy of the program, the trips have a reputation as being the standard-bearer for foreign Congressional travel. “We call it the Jewish Disneyland trip,” said one pro-Israel advocate in Washington.
But for lawmakers, the attention surrounding last summer’s trip — thanks to reports of a skinny-dipping Kansas lawmaker who was part of the delegation — has Read the rest of this entry »
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