Posts Tagged ‘waste’
Posted by Warm Southern Breeze on Monday, October 13, 2014
Alabama Republican Governor Robert Bentley, MD, OK’d $580,000 Trooper Gate pay, then lied about it
Bentley Punished DPS Bosses for Questioning Lewis’ Gigantic Overtime Pay
By Donald V. Watkins
©Copyrighted and Published (via Facebook) on October 12, 2014
Used with permission
Retired state trooper Capt. Mark Whitaker ran the Protective Services Division and Capitol Police in the Alabama Department of Public Safety (“DPS”) until this year. This is the DPS division responsible for guarding and driving Governor Robert Bentley. Wendell Ray Lewis was a sergeant under his command.
While running his division, Whitaker learned that Lewis’ overtime pay was pre-approved by Bentley and never to be questioned. This was even true with regard to Lewis’ claimed entitlement to 24 hours of overtime for a single day. Prior to Lewis, Whitaker had never seen a trooper make a claim for or receive 24 hours of overtime pay for a single day.
On January 14, 2014, Whitaker was called into then-DPS Director Hugh McCall’s office where McCall told Whitaker that his entire division would be transferred to the newly created Alabama Law Enforcement Agency (“ALEA”). As a result of the transfer, Whitaker, a highly respected captain, would fall under the command and supervision of Lewis, who at that time was a sergeant. Unbelievably, Captain Whitaker would be reporting to Sgt. Lewis.
This order came directly from Governor Bentley.
This humiliating role reversal was the ultimate insult for Whitaker, a career officer who had climbed the ranks within DPS and earned his command position. According to published reports, Whitaker believes this demeaning and insulting personnel action – a captain reporting to a sergeant – occurred merely because he sought to question Lewis’ overtime pay in the months prior.
“This is what I get for doing my job,” Whitaker complained to McCall at the time. He retired soon after.
Whitaker is the second high-ranking trooper to retire over the Bentley-Lewis overtime pay scandal. In 2011, Major Marc McHenry, now retired, served as the DPS chief over Protective Services and the Capitol Police. Lewis also worked under McHenry.
When McHenry realized in 2011 that Lewis had accumulated a gigantic amount of overtime pay, he tried to put an end to Lewis’ financial windfall. At the time, troopers were not being paid for overtime. They were given time off instead.
McHenry sent the issue to Lewis’ supervisor, and two days later he was Read the rest of this entry »
Posted in - Lost In Space: TOTALLY Discombobulated, - 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: abuse, Bentley, crony, fraud, geotag, geotagged, Good Old Boy, GOP, governor, Governor Bentley, liar, overtime, overtime pay, pay, politics, promotion, Republican, Robert Bentley, State Trooper, TrooperGate, waste, Wendell Ray Lewis | Leave a Comment »
Posted by Warm Southern Breeze on Wednesday, August 27, 2014
Cullman County Scum.
“Some folks just need killing.”
Either that, or chop off their hand, or foot.
This is OUTRAGEOUS!
Stealing from the poor!
This makes me LIVID!!
They’re both human ostomy bags.
Mother, son charged in federal health agency fraud; more than $100k used on items including adult website, fish finders
Follow on Twitter
on August 27, 2014 at 5:15 PM, updated August 27, 2014 at 5:16 PM
BIRMINGHAM, Alabama – A mother and son from Cullman have been charged in a scheme to defraud federal health agencies and a nonprofit east Alabama health center of more than $100,000, which they used to buy personal items such as electronic fish finders, truck tires, cell phones and an adult website membership, federal prosecutors announced.
Sheila Osborne Parker and James Robert Parker were charged in separate documents today in U.S. District Court in Birmingham, according to a joint press release issued by U.S. Attorney Joyce White Vance, FBI Special Agent in Charge Richard D. Schwein Jr., IRS Criminal Investigation Special Agent in Charge Veronica Hyman-Pillot, and U.S. Department of Health and Human Services, and Office of Inspector General, Atlanta Regional Office Special Agent in Charge Derrick Jackson.
AL.com and The Birmingham News recently reported that a federal grand jury has been investigating the financial dealings of the federally-funded Birmingham Health Care center, which at one time a pioneer in the care of the homeless in Birmingham, sources tell AL.com.
Sheila Parker, 59, faces six counts of wire fraud, two counts of bank fraud and two counts of failing to file federal income tax returns, according to the press release. James Parker, 33, faces five counts of wire fraud and two counts of failing to file income tax returns. The mother and son have both entered plea agreements with the U.S. Attorney’s Office.
Sheila Parker worked for Birmingham Health Care, a nonprofit organization in Birmingham intended to provide free or low-cost health care services to the homeless and to people living below poverty level in the metro area, according to the press release.
In 2008, BHC assumed responsibility for 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, Adult, Affordable Care Act, AL, Alabama, Birmingham, board, CACH, Central Alabama Comprehensive Health, CID, Community health center, contractor, corruption, criminal, Cullman, FBI, federal, fish finder, fraud, Health Human Services, healthcare, HHS, homeless, indictment, investigation, IRS, James Robert Parker, liar, liars, mother, Plea, plea bargain, poor, Porn, poverty, Sheila Osborne Parker, son, theft, Tuskeegee, waste | Leave a Comment »
Posted by Warm Southern Breeze on Tuesday, August 26, 2014
Another criminal scumbag has cost the taxpayers of Alabama untold tens of thousands of dollars.
That mofo be a dumbass, f’sho!
Chaunce Martel Williams, aged 28, driver of the vehicle seen here, sustained life-threatening injuries after he attempted to elude police, and led them on a chase of some distance. His two passengers are hospitalized in serious, but not life-threatening condition.
Here’s what the whelp did, according to local news reports.
Huntsville police say 28-year-old Chaunce Martel Williams 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: abortion, ass, asshole, Chaunce Martel Williams, construction, crime, criminal, critical, drugs, dumbass, elude, escape, felon, fool, guns, HEMSI, hospitalized, Huntsville, idiot, injured, killing, Old Madison Pike, paramedics, police, preventive maintenance, road, run, scumbag, stop, stupid, thug, waste, wreck | 1 Comment »
Posted by Warm Southern Breeze on Tuesday, July 29, 2014
The Department of Defense is a bloated organization, rife with fraud, waste and abuse.
Even then-Secretary of Defense (SECDEF) Donald Rumsfeld remarked on Monday, September 10, 2001, that, “According to some estimates, 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. 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.”
More recently, on December 21, 2010, the Governmental Accountability Office wrote that they “cannot render an opinion on the 2010 consolidated financial statements of the federal government, because of widespread material internal control weaknesses, significant uncertainties, and other limitations.”
In his capacity as Acting Comptroller of the United States, Gene Dodaro wrote that, “(1) serious financial management problems at the Department of Defense (DOD) that have prevented DOD’s financial statements from being auditable, (2) the federal government’s inability to adequately account for and reconcile intragovernmental activity and balances between federal agencies, and (3) the federal government’s ineffective process for preparing the consolidated financial statements.”
Included in that scathing report of fiscal recklessness and laziness were “material weaknesses involving an estimated $125.4 billion in improper payments, information security across government, and tax collection activities,” which were rife in “three major agencies DOD, the Department of Homeland Security, and the Department of Labor did not get clean opinions. Nineteen of 24 major agencies did get clean opinions on all their statements.”
No entrepreneur, accountant, fiscal analyst, businessman or Chief Financial Officer in their right mind would tolerate what has been allowed to happen with it. Consider the F-35 Lightning II aircraft as a case in point.
At a cost now exceeding $400,000,000,000 ($400 Billion – that’s very nearly 1/2 Trillion), it is by far, THE most costly program EVER to have emerged from the DoD. Among the numerous reasons why it is THE most expensive program ever, are Read the rest of this entry »
Posted in - Business... None of yours, - Faith, Religion, Goodness - What is the Soul of a man?, - Lost In Space: TOTALLY Discombobulated, - Politics... that "dirty" little "game" that first begins in the home. | Tagged: abus, abuse, accounting, aircraft, budget, cost overruns, defense, DoD, Donald Rumsfeld, economy, Eisenhower, F-35, farewell address, fraud, homeless, housing, Miliary Industrial Complex, money, speech, war, war fighting, warning, waste | Leave a Comment »
Posted by Warm Southern Breeze on Monday, July 7, 2014
Years ago, I said “build a Federal Barracks for members of Congress, and have them march to work.” I still think having modest Federal Housing for members of Congress is a good idea.
Regarding their level of pay/compensation, the article’s point – that D.C. is an expensive place to live – is well taken, and it is my considered opinion in light of that fact which gives further credence to the idea of modest Federal Housing for members of Congress. In fact, if their salaries were, by law, capped at twice the median American household income (which, according to the article is now approximately $51,000), it could be an even better idea.
And, the value of the housing they would receive from the Federal Government could also be be considered a type of income. Perhaps even they could be paid a Basic Allowance for Housing in a similar fashion to our military service members for such housing.¹ An apartment building complex would most likely be the best option for in-town accommodations, which could be convenient to their work location, and it could be jointly managed by the Department of Housing and Urban Development and the National Park Service.
However, with this present miasmatic congress, I hold out little hope for any such creative laws limiting congressional compensation, or introducing Federal Congressional Barracks/Housing to be introduced – though I believe it should be done, and is long overdue, along with Term Limitations. A total of 20 years elected federal service is long enough for anyone. Two terms in the Senate (12 years), and four terms in the House (8 years) should be enough for anyone, would reintroduce vibrancy into the process of national governance, and introduce more people to the process of elected public service.
Congressman’s Lament: $174,000 Isn’t Enough To Make Ends Meet
by Liz Halloran
April 04, 2014 3:05 PM ET
In what world does an annual salary of $174,000 meet the definition of underpaid?
That would be in the nation’s capital, where soon-to-be-retired Rep. Jim Moran, D-Va., said Americans should know that their members of Congress — as the board of directors for the “largest economic entity in the world” — are underpaid.
The longtime congressman made his comments Thursday after the House voted for the sixth straight year to deny members an automatic cost-of-living raise they’re entitled to under law.
Not surprisingly, reaction to Moran’s assertion was Read the rest of this entry »
Posted in - Did they REALLY say that?, - Politics... that "dirty" little "game" that first begins in the home., - Read 'em and weep: The Daily News | Tagged: abuse, capitol, COLA, compensation, Congress, Cost Of Living Adjustment, Democrat, Do Nothing Congress, excess, excessive, expense, fraud, GOP, housing, income, law, limits, money, news, Republican, salary, taxes, taxpayer, term, term limitation, term limitations, Washington D.C., waste | Leave a Comment »
Posted by Warm Southern Breeze on Saturday, March 29, 2014
In a nutshell, “yes,” they did.
So much for good corporate citizenship, and poor hungry people.
Thanks for nothing, Costco!
By JERI CLAUSING, Associated Press
ALBUQUERQUE, N.M. (AP) — Nearly a million jars of peanut butter were dumped at a New Mexico landfill this week to expedite the sale of a bankrupt peanut-processing plant that was at the heart of a 2012 salmonella outbreak and nationwide recall.
Bankruptcy trustee Clarke Coll said he had no other choice after Costco Wholesale refused to take shipment of the Sunland Inc. product and declined requests to let it be donated to food banks or repackaged or sold to brokers who provide food to institutions like prisons.
“We considered all options,” Coll said. “They didn’t agree.”
Peanut butter is disposed of Friday March 28, 2014 at the dump in Clovis, N.M. Nearly a million jars of peanut butter are being dumped at a New Mexico landfill to expedite the sale of a bankrupt peanut-processing plant that was at the heart of a 2012 salmonella outbreak and nationwide recall. (AP Photo/Clovis News-Journal, Tony Bullocks)
MelindaJoy Pattison, executive director of the Food Bank of Eastern New Mexico, on Friday called the dumping of the peanut butter “horrendous.” She said as long as there was nothing wrong with the peanut butter, her operation would have found a way to store it, remove the labels and distribute it to the people who depend on the food bank.
“Those trucks carrying it to the dump went right by the front door of my food bank,” she said. “It wasn’t like it would have been out of the way.”
Pattison said peanut butter is a major source of protein and a staple for hungry people. Her food bank places single-serve peanut butter cups in packages it gives to children whose parents rely on its services.
“For it to just be deliberately thrown away is disappointing,” she said.
Costco officials did not return telephone calls seeking comment. But court filings indicate the product was made with $2.8 million worth of Valencia peanuts owned by Costco and had been sitting in the warehouse since the company shut down and filed for bankruptcy last fall.
After extensive testing, Costco agreed to a court order authorizing the trustee to sell it the peanut butter. But after getting eight loads, Costco rejected it as “not merchantable” because of leaky peanut oil.
Coll said “all parties agreed there’s nothing wrong with the peanut butter from a health and safety issue,” but court records show that on a March 19 conference call Costco said “it would not agree to any disposition … other than destruction.”
So instead of selling or donating the peanut butter, with a value estimated at $2.6 million, the estate paid about $60,000 to haul the 950,000 jars of nut butter — or about 25 tons — to the Curry County landfill in Clovis, where Read the rest of this entry »
Posted in - Business... None of yours, - Read 'em and weep: The Daily News | Tagged: 2012 salmonella outbreak, abuse, Associated Press, Butter, Costco, dump, food, Food bank, fraud, garbage, garbage dump, Landfill, Minnesota, money, New Mexico, news, Peanut, Peanut butter, Peanuts, Sunland, throw away, Trader Joe, trash, waste | 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 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 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 »
Posted in - My Hometown is the sweetest place I know, - Read 'em and weep: The Daily News | Tagged: abuse, AL, Alabama, Alabama Supreme Court, Amen Corner, BirmingDamn, Birmingham, Birmingham Alabama, Birmingham News, black hole, Bronx, Columbia Law School, corruption, crime, criminality, fraud, ignorant, JeffCo, Jefferson, Jefferson County, Jefferson County Alabama, John C. Coffee, Larry Langford, law, Michael Weisskopf, Monday, New Orleans, New York City, news, OpEd, Pat Robertson, politics, poor, poverty, prison, Protestant, State of Alabama, Sundays, Tragic City, uneducated, waste | Leave a Comment »
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 »
Posted in - Did they REALLY say that?, - Lost In Space: TOTALLY Discombobulated | Tagged: abuse, American Israel Public Affairs Committee, asshole, bastards, be merry, Benjamin Netanyahu, Congress, drink, eat, Eric Cantor, fraud, GOP, holiday, hypocrite, Israel, Kansas, Kevin Yoder, liar, Member of Congress, Mitt Romney, Mitt Romneyhood, naked, nekkid, Paul 'Weinermobile' Ryan, Paul Ryan, Paul Weinermobile, Republican, Republicans, Romneyhood, Shimon Peres, travel, United States, waste, Weinermobile | Leave a Comment »
Posted by Warm Southern Breeze on Monday, July 16, 2012
Now that the Wall Street fox is watching the financial hen house, is it any wonder?
Cases like these continue to demonstrate the NEED for fiscal 1.) Transparency; 2.) Accountability, and 3.) Ongoing publicly available agency reports.
It’s Fraud, Waste and Abuse – pure & simple.
And, it’s time to prosecute.
Not because of what it was used for – they could’ve bought jelly doughnuts – but for whose trust was betrayed, and who was abused.
Posted in - Lost In Space: TOTALLY Discombobulated, - Read 'em and weep: The Daily News | Tagged: abuse, accountability, Beltway, corruption, DC, employee, employment, Fox News, Fox News Channel, fraud, GAO, government, henhouse, hill, IG, Inspector General, investigation, money, news, OCC, Office of the Comptroller of the Currency, Office of Thrift Supervision, Ofice of Thrift Supervision, Reuters, The Hill, treasury, United States Department of the Treasury, Wall Street, Washington DC, waste | Leave a Comment »