Posts Tagged ‘money’
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statement challenging the validity of the leaked documents, saying that they are partial, taken out of context, contain outdated information, and are not representative of the facts.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 Saturday, February 22, 2014
At the federal level, TEApublican types have decried our national deficit, much – if not most – of which came about as a result of placing the price of a decade of warfare on a proverbial credit card. I refer, of course, to the Persian Gulf War, Gulf War II, Operation Desert Shield/Storm and the invasion of Afghanistan, etc., all of which occurred during the previous administration.
Compounding that problem was that corporate and personal income tax rates upon the wealthiest was cut, while simultaneously, the veritable house of cards was crumbling, having been built upon the miry, sinking sands of Wall Street deregulation & greed gone wild.
Nevertheless, as our nation has struggled and clawed its way back to some semblance of fiscal sanity, there have been voices arising whom assert that the federal government’s “bailout” of banks & other large, corporate enterprise has been a gross mistake, and that such a bailout should have never occurred. And, while there will doubtless be volumes written, and debates held about the good and the bad of the ordeal, what’s been done, has been done, and it’s practically all over, but the crying. So the only thing we can do now, is live & learn, and move on.
And yet, respecting one underlying problem which arose corollary to the matter, is the loss of jobs here at home. Again, it was complicated by ‘globalization,’ which – good, bad, or indifferent – is Read the rest of this entry »
Posted in - Even MORE Uncategorized!, - My Hometown is the sweetest place I know | Tagged: Alabama, Congress, David Nuttall, Democrats, economic, economic expansion, economic infrastructure, economy, entrepreneurship, Federal government of the United States, government, High-speed rail, history, infrastructure, Interstate Commerce, Interstate Highway System, law, local, maglev, money, monorail, north Alabama, people, politics, private enterprise, Republican, Russia, safety, tax policy, taxes, tea party, train, transportation, United States, Wall Street | 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 Saturday, September 14, 2013
More than a few folks recall the significant benefit the Civilian Conservation Corps (CCC) provided this nation, and how our nation’s infrastructure (roads, waterways, electrical power grid, etc.) grew during that time. In Monte Sano State Park, in Huntsville, Alabama, there are cabins which are STILL standing, and which are in EXCELLENT repair, that were constructed by the CCC. It is testament to their quality, and to the effort to put people to work in this nation in the aftermath of the Great Depression.
Sadly, this largely Republican-led, “just-say-no” congress has done NOTHING to produce or encourage any type of jobs. That is to say, they have written NO BILLS to promote, encourage or stimulate hiring. NONE.
And yet, there is a sure-fire, time-tested way to get folks back to work – and what is being done about it?
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. | Tagged: Civilian Conservation Corps, economics, economy, George Miller, Great Depression, jobs, John Kline, money, Monte Sano State Park, policy, politics, Republican, United States, United States House Committee on Education and the Workforce | Leave a Comment »
Posted by Warm Southern Breeze on Saturday, August 24, 2013
I may step on a few toes with my next remark, but I can always apologize, and ask forgiveness if it so be the case that my remarks are found offensive.
However, suffice it to say, that our nation’s Congress, has, for at least the past 20 years, or so – and even moreso in the past decade plus – embarked upon a very Read the rest of this entry »
Posted in - Business... None of yours, - Did they REALLY say that?, - Faith, Religion, Goodness - What is the Soul of a man? | Tagged: Africa, Ancient, Ancient Egypt, Big Business, business, corporation, Democrat, Egypt, employees, enterprise, entrepreneurship, faith, Golden Parachute, GOP, government, Hebrew, Hebrew language, Hebrews, history, jobs, money, Moses, people, Pharaoh, policy, politics, profit, prophet, religion, Republican, Seychelles, tax, United States, values | Leave a Comment »
Posted by Warm Southern Breeze on Tuesday, July 30, 2013
The White House
Office of the Press Secretary
Remarks by the President on Jobs for the Middle Class, 07/30/13
Amazon Chattanooga Fulfillment Center
2:00 P.M. EDT
THE PRESIDENT: Hello, Chattanooga! (Applause.) It is good to be back in Tennessee. (Applause.) It’s great to be here at Amazon. (Applause.)
I want to thank Lydia for the introduction and sharing her story. Give Lydia a big round of applause. (Applause.) So this is something here. I just finished getting a tour of just one little corner of this massive facility — size of 28 football fields. Last year, during the busiest day of the Christmas rush, customers around the world ordered more than 300 items from Amazon every second, and a lot of those traveled through this building. So this is kind of like the North Pole of the south right here. (Applause.) Got a bunch of good-looking elves here.
Before we start, I want to recognize your general manager, Mike Thomas. (Applause.) My tour guide and your vice president, Dave Clark. (Applause.) You’ve got the Mayor of Chattanooga, Andy Berke. (Applause.) And you’ve got one of the finest gentlemen I know, your Congressman, Jim Cooper. (Applause.) So thank you all for being here.
So I’ve come here today to talk a little more about something I was discussing last week, and that’s what we need to do as a country to secure a better bargain for the middle class -– a national strategy to make sure that every single person who’s willing to work hard in this country has a chance to succeed in the 21st century economy. (Applause.)
Now, you heard from Lydia, so you know — because many of you went through it — over the past four and a half years, we’ve been fighting our way back from the worst recession since the Great Depression, and it cost millions of Americans their jobs and their homes and their savings. And part of what it did is it laid bare the long-term erosion that’s been happening when it comes to middle-class security.
But because the American people are resilient, we bounced back. Together, we’ve righted the ship. We took on a broken health care system. We invested in new American technologies to reverse our addiction to foreign oil. Changed a tax code that had become tilted too much in favor of the wealthy at the expense of working families. Saved the auto industry, and thanks to GM and the UAW working together, we’re bringing jobs back here to America, including 1,800 autoworkers in Spring Hill. (Applause.) 1,800 workers in Spring Hill are on the job today where a plant was once closed.
Today, our businesses have created 7.2 million new jobs over the last 40 months. This year, we’re off to our best private-sector jobs growth since 1999. We now sell more products made in America to the rest of the world than ever before. (Applause.) We produce more renewable energy than ever. We produce more natural gas than anybody else in the world. (Applause.) Health care costs are growing at the slowest rate in 50 years. Our deficits are falling at the fastest rate in 60 years. (Applause.)
So thanks to hardworking folks like you, thanks to the grit and resilience of the American people, we’ve been able to clear away some of the rubble from the financial crisis. We’ve started to lay a new foundation for a stronger, more durable America — the kind of economic growth that’s broad-based, the foundation required to make this century another American century.
But as I said last week, and as any middle-class family will tell you, we’re not there yet. Even before the financial crisis hit, we were going through a decade where a few at the top were doing better and better, but most families were working harder and harder just to get by. And reversing that trend should be Washington’s highest priority. (Applause.) It’s my highest priority.
But so far, for most of this year, we’ve seen Read the rest of this entry »
Posted in - Did they REALLY say that?, - 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: American Jobs Act, Andy Berke, Bankster, Banksters, Barack Obama, bridges, Chattanooga, Chattanooga Tennessee, Democrat, economic infrastructure, full text, Great Depression, Great Depression II, Great Recession, healthcare, hospitals, income, industry, infrastructure, jobs, manufacturing, middle class, money, news, Obama, Obamacare, ObamaNooga, POTUS, private enterprise, recovery, remarks, roads, schools, speech, tax, taxes, Tennessee, TN, travel, trip, United States, Volkswagen, wages, Washington, White House | Leave a Comment »
Posted by Warm Southern Breeze on Sunday, July 28, 2013
Chattanooga is an old, old, old, old city.
It’s older than Civil War old.
Throughout the city there are narrow streets, many (if not most) of which need widening and repaving. Interstate 24, which leads into the city, is in sore need of widening. Because of the twisting, winding route it takes as it leads into, through and around the city and it’s numerous mountains and hills, it can be treacherous. When any slowdown for any reason occurs, traffic can be backed up for 15-20 miles, or more. When wrecks occur on that route, they’re often fatal, and create even longer delays. The only other major route into the city is US Highway 72. There is no bypass. If there are problems on either of those two routes, significant delays can take hours. (See a Google Map of the area.)
It has a university – University of Tennessee, Chattanooga – with other smaller colleges & universities nearby (Lee University, in Cleveland & Southern Adventist University, in Collegedale). One of three hospitals in the area (each which has numerous campuses) Erlanger, is a Level One Trauma Center, and teaching hospital for the College of Medicine at the University of Tennessee, Knoxville. Memorial Hospital, is part of the Catholic Health Initiatives system, and is a teaching hospital, while Parkridge Hospital is operated by TriStar Health.
Because of industrial waste released by area manufacturing, in 1969, Chattanooga had the filthiest air in the nation. The Tennessee River which serves as a boundary for the area was equally polluted. For many years, troubles GALORE plagued the city, including economic inequality, poor race relations, deteriorating economic infrastructure, rapid population decline, and departure of industry.
Recognizing that the city and area residents were suffering a slow suicide, officials and interested citizens embarked upon a plan to revitalize the area, including cleaning up industrial waste, reinvigorating the economy with employment opportunity, and looking forward, rather than backward.
EPB (Electric Power Board), one of the public utilities in the area, came upon an idea to infuse their power grid with Fiber Optic cable to enable better response times, to pinpoint areas of concern, and to re-route electricity during power outages when lines were downed by trees or severe weather. They faced stiff opposition in the form of legal fights by Comcast (principally), yet were successful in overcoming. In turn, they sold High Speed fiber optic Internet Connectivity to area residents at a significantly reduced cost in comparison to the Wall-Street-traded Comcast. They also provide better service.
While the area’s renaissance is by no means complete, it has advanced with enormously significant strides.
Obama to visit uneven Chattanooga area recovery
published Saturday, July 27th, 2013
Mike Pare, Deputy Business Editor, Chattanooga Times Free Press; MPare@ TimesFreePress.com phone: (423) 757-6318
by Mike Pare
When President Barack Obama flies into Chattanooga on Tuesday to tout new economic initiatives, he’ll see a city recognized in a national study as a metro area emerging from the recession as an “economic frontrunner.”
Area Development, a national business magazine covering site selection and relocation, ranked metro Chattanooga at No. 86 — in the top quarter — among 380 metro areas examined for the study titled “Leading Locations for 2013.”
While in Chattanooga Obama is expected to unveil new ways to spur the nation’s sluggish economic recovery.
At the Amazon distribution center at Enterprise South industrial park, the president will see a growing, state-of-the-art distribution facility with 1,800 full-time jobs created since 2011. The Chattanooga facility, along with Read the rest of this entry »
Posted in - Business... None of yours, - 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: Alabama, Amazon, Atlanta, Barack Obama, Bristol, business, center, CEO, CHA, Chattanooga, Chattanooga Tennessee, Chattanooga Times Free Press, CLEVELAND, Columbus, connectivity, Dalton, Democrat, Democratic, economic, economy, enterprise, EPB, fiber optics, fulfillment, Georgia, high speed Internet, Huntsville, Indiana, Internet, Jeff Bezos, jobs, Kingston, Knoxville, living, Louisiana, manufacturing, Memphis, money, Nashville, Nooga, Obama, Odessa, policy, politics, president, private enterprise, region, regional, Rome, South, southern, taxes, Tennessee, Texas, TN, TVA, United States, University of Tennessee, Volkswagen, wages | 2 Comments »
Posted by Warm Southern Breeze on Thursday, July 4, 2013
Reverend Carl Ralph Nuss, Cullman, Alabama, has plead GUILTY to violating Federal Law – Servicemembers Civil Relief Act.
This is how he treats our troops?
I have nothing good to say about this, save that he plead guilty.
I hope the judge gives this criminal the maximum sentence.
And you know what else is REALLY sad?
Reverend Carl R. Nuss
Carl R. Nuss is a minister of the Gospel.
Apparently – and sadly so – he doesn’t know the Gospel too well.
Hopefully, this criminal and his criminal enterprise will soon be put out of business.
Cullman Car Dealer Pleads Guilty to Violating Legal Protections for Active-Duty Service Members
FOR IMMEDIATE RELEASE
June 27, 2013
BIRMINGHAM – A Cullman used car dealer pleaded guilty today for violating federal protections for active-duty military service members by refusing to reduce the loan interest rate and repossessing the vehicle he sold to a man who was later deployed overseas with the Alabama National Guard, announced U.S. Attorney Joyce White Vance and FBI Special Agent in Charge Richard D. Schwein Jr.
CARL RALPH NUSS, 75, entered his guilty plea before U.S. Magistrate Judge Harwell G. Davis III to the two counts of the March indictment charging him with violating Read the rest of this entry »
Posted in - Business... None of yours, - Lost In Space: TOTALLY Discombobulated, - Read 'em and weep: The Daily News | Tagged: Active duty, Afghanistan, AL, Alabama, Alabama National Guard, Army, Associated Press, Car dealership, Carl Nuss, Carl R. Nuss, Carl Ralph Nuss, crime, criminal, criminal enterprise, Cullman, Cullman Alabama, Data Formats, discrimination, FAQs Help and Tutorials, FBI, federal, Federal Bureau of Investigation, Ford Explorer Sport Trac, geotag, geotagged, greed, Harwell Goodwin Davis, HTML, investigation, law, Light-emitting diode, loan, Markup Languages, money, National Guard, North Alabama Wholesale Autos, Nuss, PAL, Plea, repossession, Rev. Carl Nuss, Rev. Carl R. Nuss, service member, Servicemembers Civil Relief Act, television, Texas Hill Country, troops, war | Leave a Comment »
Posted by Warm Southern Breeze on Wednesday, July 3, 2013
The Twitter hashtag #DontDoubleMyRate has been trending, off and on, for the past several weeks.
Naturally, the GOP faction, led by Speaker of the House, John Boehner, claims they “appreciate” college students, and “sympathize” with their predicament – which is a crippling blow to our nation, to students, and to universities, public and private, throughout the union.
However, their inaction – more accurately described as passive aggressive behavior – their actions are neither stalwart nor honorable, for they steadfastly refuse to collaborate to do the Good and Right Thing by the people. By claiming they desire to help, and then through their inaction, they actually damage the entire nation.
That type behavior, formerly formally diagnosed by the mental health professionals as “Passive Aggressive Personality Disorder,” is a chronic, long-term condition in which a person seems to actively comply with the desires and needs of others, but actually passively resists them.
People with this disorder resent responsibility and show it through their behaviors, rather than by openly expressing their feelings. They often use procrastination, inefficiency, and forgetfulness to avoid doing what they need to do or have been requested by others to do.
Common characteristics of Passive-Aggressive personality disorder include:
- Acting sullen
- Avoiding responsibility by claiming forgetfulness
- Being inefficient on purpose
- Blaming others
- Feeling resentment
- Having a fear of authority
- Having unexpressed anger or hostility
- Resisting other people’s suggestions
A person with this disorder may appear to comply with another’s wishes and may even demonstrate enthusiasm for those wishes. However, they:
- Perform the requested action too late to be helpful
- Perform it in a way that is useless
- Sabotage the action to show anger that they cannot express in words
The nut of the whole ordeal is that people who exhibit such behavior are inherently selfish, non-communicative, manipulative, and greedy.
And there you have it, Passive Aggressive Behavior.
It’s the perfect definition of the Republican Congress.
Oregon Explores Novel Way to Fund College
By DOUGLAS BELKIN Updated July 3, 2013, 12:25 a.m. ET
As lawmakers in Washington remain at loggerheads over the student-debt crisis, Oregon’s legislature is moving ahead with a plan to enable students to attend state schools with no money down. In return, under one proposal, the students would 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: aid, assistance, behavior, Bloomberg Businessweek, career, college, College football, creative, creativity, Economic Opportunity Institute, education, Financial Times, funding, future, Google, GOP, grants, health, help, hope, John Boehner, Law School Admission Council, legislature, loans, Mark Hass, mental health, mind games, money, Oregon, Oregon Center for Public Policy, passive aggressive, Passive Aggressive Behavior, Pay It Forward, Pell Grant, politics, Portland State University, Republican, selfishness, Speaker of the House, U.S. News & World Report, university, Wall Street Journal, Working Families Party | 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 Wednesday, May 29, 2013
If you like bacon, ham, pork sausage, barbecue, ribs, or any other pork product – including cold cuts & pizza – get ready to pay at least 2 – 4 times more, and for shortages.
Wall Street minions – who manage Smithfield, an American company no more – have no patriotic qualms about taking food off your table and out of your mouth to feed the mouths of the people who steal our nation’s military secrets, defraud our motion picture & music copyrights, and have an historical track record of Shanghai-ing anyone & everyone who gets in their way.
You think I’m kidding, or that I don’t know what I’m writing about?
Just recollect back a few months – oh, say about 7 – to Thanksgiving in November 2012 when pecans were 2x – 3x the price they were usually.
And why was that?
After all, pecan farmers had a record bumper crop… and that typically translates into lower prices for consumers.
It’s because the Chinese suddenly discovered they liked pecans, and were willing to pay premium prices (translate: much MORE then you’re willing to pay), and so the growers shipped pecans over to China.
As I continue to contend, IT’S ALL ABOUT THE MONEY.
Okay… so it may cost more. So what?
How about this?
Were you aware that the Chinese company that bought Smithfield sold pigs that had been fed a substance banned in the USA & England & other nations?
Shuanghui Group, China’s largest meat processor, sold pigs fed Clenbuterol in 2011. Here are three links about the ordeal.
And, would it surprise you to find out that Goldman Sachs is one of the top investors?
1.) “According to Chinese government data, 18 outbreaks of food-related clenbuterol poisoning occurred between 1998 and 2007. The most recent report indicates one person died and more than 1,700 others fell ill.”
2.) “Meanwhile, at Jiyuan Shuanghui’s processing facilities, of the 689 pigs awaiting slaughter, 19 tested positive for clenbuterol. Shuanghui, which counts Goldman Sachs among its investors, has shut down the Jiyuan branch affected by the contamination so it can conduct its own inspection.”
3.) “And in recent months the additive has earned notoriety in China after a string of people got sick from eating pork products full of it. Hundreds took ill in one incident in March, and this week, 286 people in Hunan province after eating pork contaminated with ractopamine, a chemical very similar to clenbuterol. Chinese livestock farmers began using clenbuterol in pig feed in the late 1980s to boost growth and get animals to market faster, but it was banned in 2002 as the health risks of eating the meat became better understood. Clenbuterol-tainted meat dizziness, headaches, hand tremors, and other unpleasantness. It’s especially risky for people with heart troubles.”
Shuanghui Agrees to Acquire Smithfield Foods for $4.72B
By Shruti Date Singh and Jeffrey McCracken – May 29, 2013
Shuanghui International Holdings Ltd., China’s biggest pork producer, agreed to acquire Smithfield Foods Inc. (SFD) for about $4.72 billion to boost supplies for the nation that’s the biggest consumer of the meat.
Closely held Shuanghui, parent of Henan Shuanghui Investment & Development Co. (000895), will pay $34 a share for the Smithfield, Virginia-based producer, both companies said today in a statement. The offer is 31 percent more than yesterday’s closing share price.
China’s consumption of pork is rising with the expansion of its middle class while there are questions being asked about the safety of the country’s food supply. Smithfield’s livestock unit is the world’s largest hog producer, bringing about 15.8 million of the animals to market a year, according to the company’s website. It owns 460 farms and has contracts with 2,100 others across 12 U.S. states.
The takeover is valued at $7.1 billion including debt, which would make it the largest Chinese takeover of a U.S. company, according to Read the rest of this entry »
Posted in - Business... None of yours, - Read 'em and weep: The Daily News | Tagged: Bacon, barbecue, BBQ, bellies, belly, Bloomberg, business, CBOT, Chicago, Chicago Board of Trade, China, corporate, cost, farmers, food, food poisoning, food safety, food security, Goldman Sachs, greed, ham, history, inflation, jobs, markets, money, Morgan Stanley, New York, pecans, Pizza, poison, pork, pork bellies, ribs, sausage, shank, Shuanghui, Simpson Thacher & Bartlett, Smithfield, Smithfield Foods, takeover, traitor, Troutman Sanders, Tyson Foods, United States | 2 Comments »
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 Monday, May 27, 2013
Be sure to ask Sen. Sessions if he is going to voluntarily give up a portion of his Senatorial salary since the Senate last month passed a measure urging their members to forgo 20% of their salaries as part of sequestration.
Kudos, however, to Sen. Bob Corker R-TN, who has NEVER pocketed any of his Senate salary.
He donates it ALL to charity.
He’s worth over $19 Million.
Few senators sacrifice pay amid cuts
By Russell Berman – 04/03/13 05:00 AM ET
Only a few senators are planning to forfeit a portion of their salaries to charity or the U.S. Treasury while sequestration is in effect, according to a survey conducted by The Hill.
The Senate last month passed a measure urging members of the upper chamber to forgo 20 percent of their salary during sequestration. Most senators, however, are keeping quiet on whether they will follow through.
During a marathon session of budget votes, the Senate approved by voice vote an amendment from Sen. Lindsey Graham (R-S.C.) calling on lawmakers to donate 20 percent of their pay to charity or return it to the U.S. Treasury.In his floor speech, Graham noted that about 500,000 to 600,000 federal employees will be furloughed because of sequestration and that senators should “feel what other people are feeling.”
Yet in a survey of Senate offices by The Hill, only Graham and Sens. Mark Begich (D-Alaska), Claire McCaskill (Mo.), Mike Lee (R-Utah) and Jay Rockefeller (D-W.Va.) have indicated they would give up some of their take-home pay.
In a recent press release, Begich — who is up for reelection in 2014 — said Read the rest of this entry »
Posted in - Faith, Religion, Goodness - What is the Soul of a man?, - 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: avarice, Bob Corker, budget, Chuck Grassley, Claire McCaskill, DC, Democrats, GOP, government, Graham, greed, Jeff Sessions, Lindsey Graham, money, Nancy Pelosi, news, pay, politics, Republicans, salary, senate, senators, sequestration, sequster, taxes, treasury, wages, Washington DC | Leave a Comment »
Posted by Warm Southern Breeze on Saturday, May 25, 2013
Ross Perot was right.
Scene: 1992 Presidential Debate: Former Arkansas Governor William Jefferson Clinton – D, President George H. W. Bush – R, and Ross Perot – I.
White Male Audience Member: Yes, I’d like to direct my question to Mr. Perot. What will you do, as President, to open foreign markets to fair competiton from American business, and to stop unfair competition here at home from foreign countries, so that we can bring jobs back to the United States?
Ross Perot: That’s right at the top of my agenda.
We’ve shipped millions of jobs overseas, and uh… we have a strained situation because we have a process in Washington, where after you’ve served for a while, you cash in, become a foreign lobbyist, make $30,000 a month, then take a leave, work on presidential campaigns, make sure you got good contacts, and then go back out.
And if you just want to get down to brass tacks, the first thing you ought to do is get all these folks who got these one-way trade agreements that we’ve negotiated over the years, and say ‘fellas, we’ll take the same deal we gave you.’ And they’ll gridlock right at that point, because, Read the rest of this entry »
Posted in - Business... None of yours, - Did they REALLY say that?, - Politics... that "dirty" little "game" that first begins in the home. | Tagged: 1992, Bill Clinton, debate, economy, employers, George H.W. Bush, Giant sucking sound, government, history, jobs, labor, money, Perot, policy, president, presidential, Ross Perot, United States, Washington, Washington D.C., Washington DC, worker | Leave a Comment »
Posted by Warm Southern Breeze on Tuesday, May 21, 2013
Perhaps an alternate title for this would be “We’re in it for the money.”
See also another related entry entitled “Mental Health Profession has Mental Health problems.”
“We’re all mad here”
Medication misuse is out of control in the US and more psychiatric labelling in DSM-5 will not help.
by Allen Frances | Tuesday, 21 May 2013
That’s the message of the new edition of the bible for American psychiatrists, DSM-5. Diagnostic inflation is about to become hyperinflation.
“We are all mad here” explains the Cat to Alice when she wonders about the strangeness of Wonderland. Well, life is starting to follow art. If people make the mistake of following DSM-5, the new diagnostic manual in psychiatry that was published on Saturday, pretty soon all of us may be labelled mad.
When I worked on the taskforce for DSM-4, we were very concerned about taming diagnostic inflation – but we only partly succeeded. Then four years ago, I became aware of the excessive enthusiasm around all the new diagnoses being proposed for DSM-5, including many that were untested. I hate to rain on anyone’s parade, but I knew this would be disastrous for the millions of people who were likely to be mislabelled, stigmatised and given excessive treatment.
In the US, the “sick” are distinguished from the “well” by the diagnostic and statistical manuals developed by the American Psychiatric Association.
The problem is that definitions of mental disorders are already written too loosely and are applied much too carelessly by clinicians, especially by the GPs who do most of the prescribing of psychiatric drugs.
And things are about to get much worse. Under DSM-5 diagnostic inflation looks set to become hyperinflation and will lead to an even greater glut of unnecessary medication. I would qualify for a bunch of the new labels myself – and you might too.
The grief I felt when my wife died would now be called “major depressive disorder”; forgetfulness in older age “mild neurocognitive disorder”; my gluttony now “binge eating disorder”; and my hyperactivity “attention deficit disorder”. As for my twin grandsons’ temper tantrums, this could be misunderstood as “disruptive mood dysregulation disorder”. And if you have cancer and your doctor thinks you are too worried about it, there’s “somatic symptom disorder.” It goes on, but you get the idea.
About half of Americans already qualify for a mental disorder at some point in their lives and the rates keep skyrocketing, especially among kids. In the past 20 years, the prevalence of autism has increased, childhood bipolar has multiplied 40-fold and attention deficit disorder has tripled.
One consolation: the kids are not suddenly getting much sicker – human nature is pretty stable. But the way we label symptoms follows fickle fashions, changing quickly and arbitrarily. And freely giving out inaccurate diagnoses can Read the rest of this entry »
Posted in - Do you feel like we do, Dr. Who?, - Lost In Space: TOTALLY Discombobulated, - Read 'em and weep: The Daily News | Tagged: Allen Frances, American Psychiatric Association, APA, conversation, diagnoses, Diagnosis, Diagnostic and Statistical Manual of Mental Disorders, DO, doctor, DSM, DSM-5, DSM5, health, inflation, label, MD, medicine, mental, Mental disorder, mental health, Mercator, money, pharma, physician, problems, psych, psychiatry, psycho, sick, sickly, sicko, unhealthy, United States, USA, weird | Leave a Comment »
Posted by Warm Southern Breeze on Monday, May 20, 2013
The Texas State Legislature doesn’t think public tax dollar$ should go to private schools.
But Alabama’s State Legislature just OK’d & Governor Bentley signed the Alabama Accountability Act of 2013 (HB 84), aka the School Flexibility Bill, aka the Private School Voucher Act.
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, - Transfer: How do we get THERE from HERE? (Add a 'T'.) | Tagged: Alabama, Alabama Legislature, Associated Press, Bentley, children, education, government, HB 84, law, legislature, money, Montgomery Alabama, people, poor, poverty, Private school, rich, Robert Bentley, Robert J. Bentley, sick, state, Tax credit, taxes, Texas, Texas Legislature, TX, wealthy | Leave a Comment »