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Federal authorities examining the early, chaotic days of the $125 billion American-led effort to rebuild Iraq have significantly broadened their inquiry to include senior American military officers who oversaw the program, according to interviews with senior government officials and court documents.
Court records show that last month investigators subpoenaed the personal bank records of Col. Anthony B. Bell, who is now retired from the Army but who was in charge of reconstruction contracting in Iraq in 2003 and 2004 when the small operation grew into a frenzied attempt to remake the country’s broken infrastructure. In addition, investigators are examining the activities of Lt. Col. Ronald W. Hirtle of the Air Force, who was a senior contracting officer in Baghdad in 2004, according to two federal officials involved in the inquiry.
It is not clear what specific evidence exists against the two men, and both said they had nothing to hide from investigators. Yet officials say that several criminal cases over the past few years point to widespread corruption in the operation the men helped to run. As part of the inquiry, the authorities are taking a fresh look at information given to them by Dale C. Stoffel, an American arms dealer and contractor who was killed in Iraq in late 2004.
Typical republican greed, Cheney must be envious
The look and tone of the Treasury Secretary reminds me of the third grade. The smartest kid in the class, the one teachers loved, was the boy who always raised his hand and waved it impatiently while some other student fumbled for an answer. If the teacher stepped out of the room for a moment, bedlam usually followed and this kid would try to restore order. “Be quiet or I will tell.” Kids threw things and tormented him until the teacher returned.
Timothy Geithner reminded me of that type as he lectured the country on how the Obama administration intends to save the financial system. The country is apparently responding in kind — hurling blistering comments at him and the “best and brightest” who are now in high office. How could these smart people be so dumb about things everyone else already understands? Americans do not need to be told, as Geithner did, that they have “lost faith.” The remark is condescending and infuriates further.
What people wanted to hear, in plain English, were hard answers and an honest acknowledgment of the extreme irregularity of events — government is rushing to rescue the very private interests that led us to sorrow. Instead, Geithner told us he has a “plan.” He will share the details at some later date. Be calm. Stay tuned.
Funny how so few of them are Democrats……….
CNN) — Luis Caplan served the poor of the South Bronx for decades out of a small medical office. His leg was amputated after a bout with cancer in 1990, yet he continued to work for another five years.
Now, his savings has nearly been wiped out because of the economic crisis. At the age of 71, he faces losing his apartment if things don’t change soon. The government bailed out the big institutions, but “what happens to the little people,” he asks.
“What happens to the real middle class? What happens to me?” he says, choking back tears. “It’s awful. It’s really awful.”
With Congress working to pass the $800 billion stimulus bill, millions of Americans — especially those with homes they’re trying to sell or about to be foreclosed on — are asking the same thing: What’s in it for me?
Typical GOP disregard for for the rest of us…..
Wall Street bankers, with their $18 billion in bonuses, private jets and gaudy conferences, are causing headaches for the GOP.
President Obama has proposed capping compensation for executives at banks that take taxpayer bailout money at $500,000. Republicans hate the idea — a position puts them uncomfortably on the side of people currently about as popular as child-porn producers and subprime mortgage brokers.
Senate Minority Whip Jon Kyl (R-AZ) blamed the “tone deaf” bankers for creating the political environment that allows Obama…
Explosive anger is spilling out onto the streets of Europe. The meltdown of the global economy is igniting massive social unrest in a region that has long been a symbol of political stability and social cohesion.
It’s not a new trend: A wave of upheaval is spreading from the poorer countries on the periphery of the global economy to the prosperous core.
Over the past few years, a series of riots spread across what is patronizingly known as the Third World. Furious mobs have raged against skyrocketing food and energy prices, stagnating wages and unemployment in India, Senegal, Yemen, Indonesia, Morocco, Cameroon, Brazil, Panama, the Philippines, Egypt, Mexico and elsewhere.
For the most part, those living in wealthier countries took little notice. But now, with the global economy crashing down around us, people in even the wealthiest nations are mad as hell and reacting violently to what they view as an inadequate response to their tumbling economies.
The Telegraph (UK) warned last month that protests over governments’ handling of the crisis “are widespread and gathering pace,” and “may spark a new revolution”:
Ronald Reagan’s 98th birthday is being celebrated today at a time that should be a cause for soul searching among his admirers. The conservative revolution that Reagan unleashed upon the nation and much of the world lay in ashes, and Washington is embarking on a new epoch of government intervention to eradicate the excesses of free-market purism. One would expect liberals to be out in the streets looking for statues of the Gipper to topple from their pedestals.
But nothing of the kind is happening. While George W. Bush is now the bane even of many conservatives, a Marine Corps contingent will lay a wreath at Reagan’s gravesite safe in the knowledge that much of the nation holds his memory in a warm embrace.
Historians may one day view this as an odd historical conundrum, since Reagan’s legacy is so clearly imprinted on the myriad of forces that have vitiated the American dream for millions of working people and brought wreckage to the world economy.
The continuing fallout from Reagan’s policies – the meltdown of the financial sector, widening income inequality, the emergence of lockdown America, the obscene inflation of CEO compensation, the end of locally owned media, market crashes, blackouts, drug-company scandals, rampant greed and materialism — is all around us. As D.H. Lawrence once wrote in another context, “The cataclysm has happened, we are among the ruins.”
James Ridgeway of Mother Jones-A test case for the new government will be how it deals with the pharmaceutical industry, which rivals the gun manufacturers and tobacco companies for the position of most amoral industry in America.
Democrats have long been promising to stand up to Big Pharma on issues like Medicare drug pricing and importing drugs from Canada, but they’ve accomplished little since they won Congressional majorities in 2006. If they truly want to reign in the drugmakers now that they have the clout, they’ll need to not only move forward on these hot-button issues, but also completely overhaul the Food and Drug Administration, which stands as one of the most corrupt and compromised bodies in the federal government today.
Last week offered a glimmer of hope, with a bipartisan bill aimed at one of the many scurrilous practices employed by drug companies to win swift approval for their products and push them on the public. Called the Physician Payments Sunshine Act of 2009, the legislation was introduced last Thursday by Senators Herb Kohl (D-WI), Chair of the Senate Special Committee on the Aging, and Charles Grassley (R-IA), in the past a rare Republican voice opposing some of Big Pharma’s outrages. They are calling for establishment of ”a nationwide standard requiring drug, device and biologic makers to report payments to doctors to the Department of Health and Human Services and for those payments to be posted online in a user friendly way for public consumption.”
LOS ANGELES, California (CNN) — A man apparently despondent about losing his job killed his wife and five children before turning the gun on himself, officials said Tuesday.he bodies of five children and two adults — the children’s mother and father — were found Tuesday in a home in the Los Angeles neighborhood of Wilmington. Among the dead, authorities said, were an 8-year-old girl and two sets of twins — 5-year-old girls and 2-year-old boys.
Ervin Lupoe apparently called 911 and contacted a television station by fax before committing suicide, authorities said.
A suicide note found at the scene “indicated a business dispute” between Lupoe and Kaiser Permanente West Los Angeles Medical Center, Lupoe’s former employer, Hayes said. In the faxed note to KABC, the man said he was despondent over an employment situation, police said.
Kaiser Permanente said Lupoe and his wife, Ana, were both former employees of the medical center. Both had been terminated, Hayes said, with Lupoe’s termination coming last week
“No words can describe this tragedy,” said Los Angeles Mayor Antonio Villaraigosa. “There’s no way to comprehend this unspeakable act.”
Sadly, its too bad that Lupoe didn’t work for Haliburton or Blackwater, instead of a health care enterprise. Then he’d be set for life.
Three days after receiving $25 billion in federal bailout funds, Bank of America Corp. hosted a conference call with conservative activists and business officials to organize opposition to the U.S. labor community’s top legislative priority.
Participants on the October 17 call — including at least one representative from another bailout recipient, AIG — were urged to persuade their clients to send “large contributions” to groups working against the Employee Free Trade Act (EFCA), as well as to vulnerable Senate Republicans, who could help block passage of the bill.