Author Archive
Tuesday, December 16th, 2008
NYTimes.com: Siemens to Pay Record $1.6 Billion in Fines to SEC & Justice Dept.
Yep, that’s Billion with a capital "B". This is the largest set of corporate fines ever assessed against an individual company, exceeding even the monopoly conviction that Microsoft was hit with a couple of years ago. That one was around $500 million.
The fines were for criminal bribery, kickbacks and slush funds used by Siemens to […]
No Comments » - Posted in Finance, General News, Politics by Garrett Tedeman
Thursday, December 11th, 2008
Chicago Sit-in at Republic Ends with 2 Loan Agreements: NYTimes.com
http://www.nytimes.com/2008/12/11/us/11factory.html?_r=1&ref=us
By MICHAEL LUO
Published: December 11, 2008
CHICAGO — The occupation of a window-manufacturing plant here by employees who were laid off last week ended Wednesday after a six-day standoff that brought them to national attention amid growing anxiety about the plight of workers in the deteriorating economy.
Bank of America , which had cut off financing for […]
No Comments » - Posted in Finance, General News, Politics by Garrett Tedeman
Monday, December 8th, 2008
Bailout at Work: B of A Receive $25 Billion, Refuses to Extend Credit Line for Chicago Company, Company Closes Plant, Sit-in Ensues
http://www.reuters.com/article/domesticNews/idUSTRE4B61II20081208
CHICAGO (Reuters) — Laid-off Workers Occupy Factory and Demand back-pay. Claim that B of A doesn’t obey law requiring 60 days notice of coming shut down.
Invoking Main Street resentment of Wall Street’s federal bailout, some 200 workers entered their third day of occupying a shuttered Chicago window and door factory on Sunday, demanding that Bank […]
No Comments » - Posted in Finance, General News, Politics by Garrett Tedeman
Friday, December 5th, 2008
McClatchy: Bank of America’s New Strategy: Hoard Cash for Next 6 Months
http://www.mcclatchydc.com/251/story/57006.html
"I blew it," he said. "It probably started while I was standing here." Now, Rogers said, "this may be the greatest economic challenge that our country has ever faced."
No Comments » - Posted in Finance, General News by Garrett Tedeman
Friday, December 5th, 2008
Army Times: KBR Sued for Serving Unpurified Water to U.S. Troops (”body fluids” and “putrefied remains” Included)
http://www.armytimes.com/news/2008/12/military_kbr_lawsuit_121508w/
The lawsuit also accuses KBR of shipping ice in mortuary trucks that “still had traces of body fluids and putrefied remains in them when they were loaded with ice. This ice was served to U.S. forces.”
“Wild dogs in the area raided the burn pit and carried off human remains,” the lawsuit states. “The wild dogs […]
No Comments » - Posted in General News, Politics by Garrett Tedeman
Wednesday, November 26th, 2008
Volker to Head Economics Advisory
(CNN) — President-elect Barack Obama on Wednesday will announce that Paul Volcker will head a new economic recovery board, two sources close to the transition team tell CNN.
President-elect Barack Obama will hold his third news conference of the week on Wednesday.
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Volcker served as the chairman of […]
No Comments » - Posted in Finance, Politics by Garrett Tedeman
Monday, October 13th, 2008
Paul Krugman Wins Nobel Prize for Economics
Krugman wins Nobel for economics
Mr Krugman is a fierce critic of President George W Bush
American academic Paul Krugman has won this year’s Nobel economics prize, it has been announced.
The Royal Swedish Academy of Sciences said the award recognised Mr Krugman’s analysis of trade patterns and where economic activity takes place.
It said Mr Krugman, […]
No Comments » - Posted in Finance, General News, Politics, Science by Garrett Tedeman
Saturday, September 6th, 2008
Mexico drug plane used for US ‘rendition’ flights: report
AFP - Thursday, September 4 09:40 pm
MEXICO CITY (AFP) - A private jet that crash-landed almost one year ago in eastern Mexico carrying 3.3 tons of cocaine had previously been used for CIA "rendition" flights, a newspaper report said here Thursday, citing documents from the United States and the European Parliament.
The plane was […]
No Comments » - Posted in General News, Politics by Garrett Tedeman
Saturday, September 6th, 2008
Sarah Palin: A flip-flopper before she wasn’t; went to 6 colleges in 6 years
BY MICHAEL SAUL
DAILY NEWS POLITICAL CORRESPONDENT
Sarah Palin during her college years.
http://www.nydailynews.com/news/politics/2008/09/05/2008-09-05_sarah_palin_a_flipflopper_before_she_was.html
No Comments » - Posted in General News, Politics by Garrett Tedeman
Monday, August 25th, 2008
Bush Surrenders to the “Terrorists” — U.S. Agrees (Secretly) to Maliki Demands for End of Foreign Presence in Iraq by 2011
Looks like Bush has decided to be a "defeatist" and has begun to "embolden our enemies" by agreeing to a pre-determined withdrawal date. Or in politico-speak a "date certain". Story by Reuters.com:
http://www.reuters.com/article/newsOne/idUSLP66354720080825
