Tag Archives: Corruption

Climate change: the worst scientific scandal of our generation

A week after my colleague James Delingpole , on his Telegraph blog, coined the term “Climategate” to describe the scandal revealed by the leaked emails from the University of East Anglia’s Climatic Research Unit, Google was showing that the word now appears across the internet more than nine million times. But in all these acres of electronic coverage, one hugely relevant point about these thousands of documents has largely been missed.

The reason why even the Guardian’s George Monbiot has expressed total shock and dismay at the picture revealed by the documents is that their authors are not just any old bunch of academics. Their importance cannot be overestimated, What we are looking at here is the small group of scientists who have for years been more influential in driving the worldwide alarm over global warming than any others, not least through the role they play at the heart of the UN’s Intergovernmental Panel on Climate Change (IPCC). (Read more from telegraph.co.uk)

Climate Change Cash Unaccounted For

Large sums promised to developing countries to help them tackle climate change cannot be accounted for, a BBC investigation has found.

Rich countries pledged $410m (£247m) a year in a 2001 declaration – but it is now unclear whether the money was paid.

UN Secretary General Ban Ki-moon has accused industrialised countries of failing to keep their promise.

The EU says the money was paid out in bilateral deals, but admits it cannot provide data to prove it.

. . . .

The Bonn Declaration is surrounded by confusion and has led to mistrust between developed and developing countries.

UN Secretary General Ban Ki-moon says any new financing agreement signed at Copenhagen must be clear. (Read more from news.bbc.co.uk)

First Lady requires more than twenty attendants!!

No, Michele Obama does not get paid to serve as the First Lady and she doesn’t perform any official duties. But this hasn’t deterred her from hiring an unprecedented number of staffers to cater to her every whim and to satisfy her every request in the midst of the Great Recession. Just think Mary Lincoln was taken to task for purchasing china for the White House during the Civil War. And Mamie Eisenhower had to shell out the salary for her personal secretary.

1. $172,2000 – Sher, Susan (CHIEF OF STAFF)
2. $140,000 – Frye, Jocelyn C. (DEPUTY ASSISTANT TO THE PRESIDENT AND DIRECTOR OF POLICY AND PROJECTS FOR THE FIRST LADY)
3. $113,000 – Rogers, Desiree G. (SPECIAL ASSISTANT TO THE PRESIDENT AND WHITE HOUSE SOCIAL SECRETARY)
4. $102,000 – Johnston, Camille Y. (SPECIAL ASSISTANT TO THE PRESIDENT AND DIRECTOR OF COMMUNICATIONS FOR THE FIRST LADY)
5. Winter, Melissa E. (SPECIAL ASSISTANT TO THE PRESIDENT AND DEPUTY CHIEF OF STAFF TO THE FIRST LADY)
6. $90,000 – Medina, David S. (DEPUTY CHIEF OF STAFF TO THE FIRST LADY)
7. $84,000 – Lelyveld, Catherine M. (DIRECTOR AND PRESS SECRETARY TO THE FIRST LADY)
8. $75,000 – Starkey, Frances M. (DIRECTOR OF SCHEDULING AND ADVANCE FOR THE FIRST LADY)
9. $70,000 – Sanders, Trooper (DEPUTY DIRECTOR OF POLICY AND PROJECTS FOR THE FIRST LADY)
10. $65,000 – Burnough, Erinn J. (DEPUTY DIRECTOR AND DEPUTY SOCIAL SECRETARY)
11. Reinstein, Joseph B. (DEPUTY DIRECTOR AND DEPUTY SOCIAL SECRETARY)
12. $62,000 – Goodman, Jennifer R. (DEPUTY DIRECTOR OF SCHEDULING AND EVENTS COORDINATOR FOR THE FIRST LADY)
13. $60,000 – Fitts, Alan O. (DEPUTY DIRECTOR OF ADVANCE AND TRIP DIRECTOR FOR THE FIRST LADY)
14. Lewis, Dana M. (SPECIAL ASSISTANT AND PERSONAL AIDE TO THE FIRST LADY)
15. $52,500 – Mustaphi, Semonti M. (ASSOCIATE DIRECTOR AND DEPUTY PRESS SECRETARY TO THE FIRST LADY)
16. $50,000 – Jarvis, Kristen E. (SPECIAL ASSISTANT FOR SCHEDULING AND TRAVELING AIDE TO THE FIRST LADY)
17. $45,000 – Lechtenberg, Tyler A. (ASSOCIATE DIRECTOR OF CORRESPONDENCE FOR THE FIRST LADY)
18. Tubman, Samantha (DEPUTY ASSOCIATE DIRECTOR,SOCIAL OFFICE)
19. $40,000 – Boswell, Joseph J. (EXECUTIVE ASSISTANT TO THE CHIEF OF STAFF TO THE FIRST LADY)
20. $36,000 – Armbruster, Sally M. (STAFF ASSISTANT TO THE SOCIAL SECRETARY)
21. Bookey, Natalie (STAFF ASSISTANT)
22. Jackson, Deilia A. (DEPUTY ASSOCIATE DIRECTOR OF CORRESPONDENCE FOR THE FIRST LADY) (Read more from canadafreepress.com)

See Also: First Lady Now Requires 26 Servants

Healthcare provision seeks to embrace prayer treatments

When government taxes us and flips the bill on our behalf, impossibly controversial questions like what is medicine, when does life begin or what is marriage, become monumentally significant and a firestorm of lobbying, pandering and corruption ensues.

When we get to keep our money and pursue our own happiness, opposing views can co-exist peacefully.

Reporting from Washington – Backed by some of the most powerful members of the Senate, a little-noticed provision in the healthcare overhaul bill would require insurers to consider covering Christian Science prayer treatments as medical expenses. (Read more from latimes.com)

FLASHBACK: US Lawmakers Invested in Iraq, Afghanistan Wars

Members of Congress invested nearly 196 million dollars of their own money in companies that receive hundreds of millions of dollars a day from Pentagon contracts to provide goods and services to U.S. armed forces, say nonpartisan watchdog groups.

. . . .

Lawmakers charged with overseeing Pentagon contractors hold stock in those very firms, as do vocal critics of the war in Iraq, says the Centre for Responsive Politics (CRP).

Senator John Kerry, the Democrat from Massachusetts who staked his 2004 presidential bid in part on his opposition to the war, tops the list of investors. His holdings in firms with Pentagon contracts of at least five million dollars stood at between 28.9 million dollars and 38.2 million dollars as of Dec. 31, 2006. Kerry sits on the Senate foreign relations panel.

Members of Congress are required to report their personal finances every year but only need to state their assets in broad ranges.

Other top investors include Representative Rodney Frelinghuysen, a New Jersey Republican with holdings of 12.1 million – 49.1 million dollars; Rep. Robin Hayes, a North Carolina Republican (9.2 million – 37.1 million dollars); Republican Rep. James Sensenbrenner Jr. of Wisconsin (5.2 million – 7.6 million dollars); and Rep. Jane Harman, a California Democrat (2.7 million – 6.3 million dollars).

Sen. Jay Rockefeller, the Democrat and former governor of West Virginia who chairs the Senate Select Intelligence Committee, invested some 2.0 million dollars in Pentagon contractors, CRP says.

Other panel chiefs who invested in defence firms include Sen. Joseph Lieberman, the Connecticut Independent who presides over the Senate Homeland Security and Governmental Affairs Committee, and Rep. Howard Berman, the California Democrat who heads the House Foreign Affairs Committee.

In all, 151 current members of Congress — more than one-fourth of the total — have invested between 78.7 million dollars and 195.5 million dollars in companies that received defence contracts of at least 5.0 million dollars, according to CRP.

These companies received more than 275.6 billion dollars from the government in 2006, or 755 million dollars per day, says budget watchdog group OMB Watch.

The investments yielded lawmakers 15.8 million – 62 million dollars in dividend income, capital gains, royalties, and interest from 2004 through 2006, says CRP. (Read more from commondreams.org)

SEC Names Goldman’s Storch as Enforcement Unit Operations Chief

Oct. 16 (Bloomberg) — The U.S. Securities and Exchange Commission named Adam Storch, a 29-year-old from Goldman Sachs Group Inc.’s business intelligence unit, as the enforcement division’s first chief operating officer.

“Adam’s skill in technology systems, workflow process, and project management will greatly benefit the division,” SEC enforcement chief Robert Khuzami said in the statement. “He will help to make us more efficient and nimble and permit us to put more of our investigators on the front lines.” (Read more from bloomberg.com)

The crooks are in charge. They have been for a long time. Our government is the exploitation of our labors to enrich the powerful.

Hank Paulson Held A Secret Meeting With Goldman Sachs In Moscow

During that long summer between the collapse of Bear Stearns and the collapse of Lehman Brothers, Hank Paulson held a secret meeting with the board of Goldman Sachs in Moscow.

Andrew Ross Sorkin tells the tale of the meeting in his new book, Too Big To Fail:

When Paulson learned that Goldman’s board would be in Moscow at the same time as him, he had [Treasury chief of staff] Jim Wilkinson organize a meeting with them. Nothing formal, purely social — for old times’ sake.

For fuck’s sake! Wilkinson thought. He and Treasury had had enough trouble trying to fend off all the Goldman Sachs conspiracy theories constantly being bandied about in Washington and on Wall Street. A private meeting with its board? In Moscow?

For the nearly two years that Paulson had been Treasury secretary he had not met privately with the board of any company, except for briefly dropping by a cocktail party that Larry Fink’s BlackRock was holding for its directors at the Emirates Palace Hotel in Abu Dhabi in June.

Anxious about the prospect of such a meeting, Wilkinson called to get approval from Treasury’s general counsel. Bob Hoyt, who wasn’t enamored of the “optics” of such a meeting, said that as long as it remained a “social event,” it wouldn’t run afoul of the ethics guidelines.

Still, Wilkinson had told [Goldman chief of staff John] Rogers, “Let’s keep this quiet,” as the two coordinated the details. They agreed that Goldman’s directors would join him in his hotel suite following their dinner with Gorbachev. Paulson would not record the “social event” on his official calendar…

“Come on in,” a buoyant Paulson said as he greeted everyone, shaking hands and giving bear hugs to some.

For the next hour, Paulson regaled his old friends with stories about his time in Treasury and his prognostications about the economy. They questioned him about the possibility of another bank blowing up, like Lehman, and he talked about the need for the government to have the power to wind down troubled firms, offering a preview of his upcoming speech. (Read more from businessinsider.com)

Goldman Sach’s taxes drop from $6 billion to $14 million

Taxes are for little people!

In December 2008, the bank holding company Goldman Sachs reported its first quarterly loss. On the heels of this announcement, Goldman Sachs issued a statement confirming that its tax rate was dropping from 34.1 percent to 1 percent. Goldman Sachs Group Inc., which got $10 billion and debt guarantees from the US government in October 2008, expects to pay only $14 million in taxes worldwide for 2008, compared with $6 billion in 2007. The New York-based Goldman Sachs cited “changes in geographic earnings mix” as the reason behind the decrease.

According to US Representative Lloyd Doggett, the shifting of income to countries with lower taxes is cause for concern. “The problem is larger than Goldman Sachs,” Doggett said, “With the right hand out begging for bailout money, the left is hiding it offshore.” (Read more from projectcensored.org)

AIG’s Payback to Taxpayers in Doubt

One year after the biggest corporate bailout in the country’s history, a government watchdog office Monday warned that American taxpayers may not recoup the full $182 billion given to embattled insurance giant American International Group.

“AIG’s ability to restructure its business and repay the government is unclear at this time,” the Government Accountability Office said in a new report released Monday.

As of the start of September, the company’s outstanding balance of taxpayer aid was $120 billion. (Read more from abcnews.go.com)

Surprise, surprise. Not that any of the bleeding hearts who cried “save our financial system” are paying attention anymore.