An auditing board sponsored by the United Nations recommended yesterday that the United States repay as much as $208 million to the Iraqi government for contracting work in 2003 and 2004 assigned to Kellogg, Brown & Root, the Halliburton subsidiary. Skip to next paragraph The Reach of War Go to Complete Coverage
The work was paid for with Iraqi oil proceeds, but the board said it was either carried out at inflated prices or done poorly. The board did not, however, give examples of (...)
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Halliburton Should Repay Millions to Iraq, a U.N. Audit Finds
5 November 2005 par (Open-Publishing)
2 comments -
Bid for More Home Heating Aid Fails in Senate
28 October 2005 par (Open-Publishing)
The Senate decided yesterday the money was not there for a substantial spending boost for the federal home heating program, deflecting arguments that soaring energy prices could force the poor to choose between heat and food this winter.
Senators voted 54 to 43 in favor of a proposal to boost the fiscal 2006 budget for the Low-Income Home Energy Assistance Program from $2.2 billion to $5.1 billion. A 60-vote majority was needed to approve new spending not coupled with equivalent spending (...) -
THE POWER TO DESTROY
26 October 2005 par (Open-Publishing)
4 commentsTHE POWER TO DESTROY Tax crusader Irwin Schiff found guilty on all counts Faces possible 43 years in prison, $3.25 million in fines for evasion Posted: October 25, 2005 2:50 a.m. Eastern
© 2005 WorldNetDaily.com
Irwin Schiff seen promoting his book, ’The Federal Mafia: How the Government Illegally Imposes and Unlawfully Collects Income Taxes’
Irwin Schiff, the Nevada man who has made a career out of telling Americans that payment of federal income taxes is voluntary instead of (...) -
Desperation deal at GM
23 October 2005 par (Open-Publishing)
2 commentsBy Robert Kuttner
THE UNITED Autoworkers union has agreed to save General Motors over a billion dollars a year in health insurance costs. This is a disguised pay-cut, since workers will now pay more out of pocket for their healthcare.
The union agreed to this desperation deal to help keep GM alive. The once-dominant auto-maker posted a record $1.1 billion loss in the third quarter; and its former parts division, Delphi, with 34,000 union jobs, has just gone into bankruptcy. If and when (...) -
As goes General Motors
20 October 2005 par (Open-Publishing)
1 commentBy Derrick Z. Jackson, Globe Columnist
THE SIGH of relief for General Motors is a fresh reason for Americans to scream for a national solution on healthcare. Staggered by $3.8 billion in losses so far this year, but holding the leverage of cutting jobs, GM got the United Auto Workers to agree to a tentative contract that will probably triple or quadruple the contribution of workers to their healthcare.
Up to now, union members paid 7 percent of healthcare costs. Salaried GM employees (...) -
Squeezing the Have-Nots
19 October 2005 par (Open-Publishing)
3 commentsde William Greider
The country is overloaded now with explosive political preoccupations, too many to keep straight, but there is one more potential disaster lurking behind the headlines—the economy. Not to worry, say the newspapers. The White House assures us the Bush economy is going great. The Federal Reserve agrees. Notwithstanding the tempest that flattened the Gulf Coast, the Fed is worried that the economy is expanding too strongly—it might provoke price inflation. So, trying to (...) -
Money for Nothing
18 October 2005 par (Open-Publishing)
2 commentsBillions of dollars have disappeared, gone to bribe Iraqis and line contractors’ pockets.
by Philip Giraldi
The United States invaded Iraq with a high-minded mission: destroy dangerous weapons, bring democracy, and trigger a wave of reform across the Middle East. None of these have happened.
When the final page is written on America’s catastrophic imperial venture, one word will dominate the explanation of U.S. failure-corruption. Large-scale and pervasive corruption meant that (...) -
No oversight of how more than $140 billion is being spent in
18 October 2005 par (Open-Publishing)
2 commentsWASHINGTON - The chief Pentagon agency in charge of investigating and reporting fraud and waste in Defense Department spending in Iraq quietly pulled out of the war zone a year ago - leaving what experts say are gaps in the oversight of how more than $140 billion is being spent.
The Defense Department’s inspector general sent auditors into Iraq when the war started more than two years ago to ensure that taxpayers were getting their money’s worth for everything from bullets to (...) -
Personal Debts and US Capitalism
18 October 2005 par (Open-Publishing)
3 commentsby Rick Wolff
There is no precedent in US — or any other — history for the level of personal debt now carried by the American people. Consider the raw numbers. In 1974, Federal Reserve data show that US mortgage plus other consumer debt totaled $627 billion. By 1994, the total debt had risen to $4,206 billion, and by 2004, it reached $9,709 billion. For the second quarter of 2005, the Fed announced that the nation’s debt service ratio (debt payments as a percentage of after-tax income) (...) -
$$$ Your Hard Earned TAX DOLLERS Hard at work! $$$$
9 October 2005 par (Open-Publishing)
15 commentsDriverless vehicles prepare to rumble in Mojave Desert PRIMM, Nev. (AP) - A customized Volkswagen SUV created by Stanford University became the first driverless vehicle to cross the finish line Saturday of a $2-million, Pentagon-sponsored robot race across the rugged Mojave Desert.
A customized red Hummer built by Carnegie Mellon University, dubbed H1ghlander races through the Mojave desert in the Defense Advanced Research Projects Agency (DARPA) 2005 Grand Challenge (...)