Tag Archives: crime

Business/Economics, U.S.

False Capitalism & Class Warfare: While social programs are slashed & burned, Corporate America makes billions off taxes! Where are the jobs you elitist A-Holes?

Ever wonder how Corporate America can make money when we Consumers are spending less because most of us have less income?  It’s called “tax loopholes”, or “backdoor subsidies”, or “corporate welfare”!

Citizens for Tax Justice, and the Institute on Taxation and Economic Policy, just updated their recent study on how too big to fail Corporate America is making money off the U.S. tax system.

The study, first published in November 2011, showed that so called Corporate America was actually getting paid by the U.S. tax system due to loopholes.

From 2008 through 2010, 30 of the top U.S. corporations actually had negative tax rates, even though the same 30 companies had total pre-tax profits in the hundreds of billions of dollars!  All together they had a -7.1% tax rate, but Pepsi led the pack with a -57.6% tax rate, and General Electric took second with -45.3%!

For 2011 the number of corporations with negative tax rates dropped to 26.   Pepsi and GE still led the pack with negative tax rates.

Basically what Corporate America is getting is a type of backdoor government subsidy, something right wing neo-conservative Capitalists have always said shouldn’t be done in a true capitalist system.

The study showed that from 2008 through 2011 the 30 companies have received more than $78 billion in total tax subsidies!

Here’s a list of some of the big subsidy recipients: “Wells Fargo alone garnered $21.6 billion in tax subsidies over the four years, followed by General Electric ($10.6 billion), Verizon ($7.7 billion), and Boeing ($6.0 billion).”–Big No-Tax Corps Just Keep on Dodging

Now realize that all this free tax money to Corporate America has not resulted in the creation of the millions of new jobs that are needed to create an economic recovery!

Wake up people!!!  “Accordingly, they [elitist individuals & corporations] ink multi-billion dollar agreements and loot the energy, oil, wealth and existence of the nations, whereas they are the major cause of insecurity themselves!”-Mahmoud Ahmadinejad, President of Iran, April 10, 2012

 

 

 

Business/Economics, U.S.

Corporate Evil: More proof the Too Big to Fail Banks mortgage forclosures are intentional, Bank president pleads guilty in court

April 9, 2012, Gerard Canino, president of New York’s First Class Equities, pled guilty to $66 million USD mortgage fraud scheme.

“As the president and owner of First Class Equities, Gerard Canino should have promoted responsible home ownership and protected the integrity of the mortgage finance industry. Instead, he used his firm to commit a massive mortgage fraud scheme that left scores of foreclosed properties in its wake.”-Preet Bharara, U.S. Attorney  

Canino and his firm recruited “straw buyers”; people who posed as home buyers to purchase distressed properties but who had no intention of paying the mortgages.  The bank loans meant for buying the properties actually went to Canino and his co-conspirators. Court papers said the Long Island based firm ran the fraud from 2004 to 2009.

If you think about it, $66 million is a drop in the big bucket of home foreclosures. 

Business/Economics, Technology, U.S.

Former Postal Employees, and former contractors, convicted of ripping off the USPS and its customers, USPS warns of malware fraud

April 6, 2012, a 45 year old California man pled guilty to ripping off the United States Postal Service using a trucking company called Golden Pacific Logistics (GPL).

According to the prosecutor the man was awarded $6.4 million USD in contracts to do business with the USPS, of which $4.4 million were fraudulent.  His 39 year old wife pled guilty back on March 28.

The man was also a U.S. Postal Service manager, and he used his position to get the fraudulent contracts for his trucking company.  They will be sentenced on July 11.

In Connecticut, a 50 year old former postal clerk was just sentenced for stealing money orders he sold to customers, and for embezzling union funds.

He managed to steal $11,300 worth of money orders by voiding them after he sold them to customers, or by going through people’s mail and taking the postal money orders.  He ripped off his fellow postal workers by stealing more than $8,800 in Postal Union funds, while serving as president of Local 3093 Union from 2007 through 2008.

He was sentenced to five years probation, the first six months being home arrest with electronic monitoring, 200 hours of community service and paying restitution of $20,201.

The USPS is also warning people of a malware (malicious software) email.

People are getting emails basically telling them they have a refund waiting, and it looks like you’re clicking on the USPS ClicknShip link, but you’re actually opening a program that collects all your info off your computer.

The USPS says just delete such emails, and contact them directly about any refunds.

Note: The United States Postal Service operates on money that comes from you and me buying postal products, not our taxes!

 

 

 

Fukushima, Idaho, Technology

Radiation mystery at Idaho National Laboratory, Cesium & Cobalt

U.S. department of Energy reported on April 6, 2012, that radioactive particles of cesium and cobalt are being found on construction materials.

A contractor discovered the contamination.  Officials think it could be from the demolition of old buildings in that area of the INL site, which would imply that the buildings were contaminated before being torn down.

A local east Idaho DOE spokesman said there was no concern “…unless you get it onto your skin…” and you had “…prolonged exposure…”

Employees and vehicles are now being checked for contamination as they enter and leave the site.

International, Technology, U.S.

Terror Drones: April 2-8, U.S. to quadruple assassination drone attacks

The Washington Post reporting that the United States did indeed spy on Iran using UAVs (unmanned aerial vehicles, aka drones).

The report says the National Security Agency has at least three years worth of drone surveillance data on Iran. The program is being run by the Central Intelligence Agency’s Iran Operations Division (aka Persia House).

April 7, Yemen military officials say a U.S. drone strike killed 24 anti-government Mujahideen in two locations.  They say some of those killed were foreign Arabs.

There are several anti-government groups in Yemen, two are called Al-Qaeda in the Arabian Peninsula, and Partisans of Sharia.

Reports this past week say that the continued use of drones in Yemen could draw the U.S. into a full blown civil war: ”The more the U.S. applies its current policy, the stronger Al Qaeda seems to get.”–Charles Schmitz, American Institute of Yemen Studies

“Drones are a weapon of terror in many ways, and the kind of hostility this is going to breed may not be worth the counter-terrorism gains.”-Barbara Bodine, former U.S. ambassador to Yemen

“Heavily armed American soldiers have begun appearing in large numbers at the Sheraton Hotel in the capital, Sana, a Yemeni official said.“-Los Angeles Times

Also on April 7, Israeli forces attacked Gaza Strip with drones. Israeli officials said they targeted two men on a motorcycle in the town of Rafah: “Aircraft thwarted a rocket launch in the southern Gaza Strip.”-IDF statement

Despite claiming to have “thwarted” a rocket launch by Palestinians, two rockets were launched at Israel the next morning, April 8.

April 6, “An International Security Assistance Force (ISAF) rotary-wing unmanned aerial vehicle crashed in northern Afghanistan…”-ISAF statement

No further details were presented.  Some reports also said a NATO helicopter crashed in the same area, but it might be witnesses confusing the rotary wing drone for a manned helicopter.

There are conflicting reports about drone operations ending in Pakistan and Afghanistan.  Most reports say drone operations will end after 2014, but there is a report that says assassination drones (aka MQ 9 Reapers) will actually quadruple their terror activity until 2016!

The report says the Reapers will operate from Australia’s Cocos Islands: “But don’t expect the worldwide drone war now being waged in Pakistan, Afghanistan, Somalia and Yemen to wind down. To the contrary, an Air Force announcement posted online this week indicates the Pentagon anticipates more than quadrupling the size of the global drone war over the next four years.”-Salon, Air Force ramps up drone war

April 5, the U.S. puppet government of Somalia stated to the United Nations that they have given the U.S. permission to use drones against their own people.

“I’m not going to get into matters that relate to intelligence. I will say that the United States has been and remains extremely focused-as do all members of the international community-on combating the terrorist threat that Al Shabaab poses, as an active threat not only to Somali but to the people of the region and beyond, in particular, given its active affiliation with Al Qaeda.“-Susan Rice, U.S. ambassador to the UN

April 3, a U.S. drone crashed and exploded in Somalia.  The drone went down near the town of El-Bur, which is considered a stronghold of the anti-Western government Mujahidden group called al-Shabaab.  However, the residents of the town say al-Shabaab fighters left the town on March 24.

 

International, U.S.

Evil U.S.A.: Videos prove that U.S. taxpayer dollars support murderers and sadists, representing the United States in the so called War on Terror! Who’s the real terrorist? Not Iraqis! Not Afghans!

There is a video series just released. It was made by employees of the U.S. taxpayer funded Blackwater private security corporation operating in Iraq.

The videos show that Blackwater employees randomly targeted Iraqi civilians, by shooting into passing vehicles, sometimes at point blank range, and by running over people.  They also swerved into Iraqi cars to intentionally hit them.

You can also hear Blackwater employees talking about killing Iraqis, for no specific reason.

Blackwater tried to escape media scrutiny by changing its name to Xe Services.  They changed their name again, and are now known as Academi.

Despite the fact that the U.S. Army has even documented Blackwater’s evil doings, the U.S. government still uses them, in fact Academi is the largest military security contractor currently working for the Department of Defense.

A Harper’s Magazine report revealed just how evil the U.S. War on Terror really is: “A woman in a black full-length burqa began to cross the street. The vehicle struck the woman and knocked her unconscious body into the gutter. The cars slowed for a moment, but did not stop, nor did they even determine whether the victim was dead or alive. A voice in the car taking the video said, ‘Oh, my God!’ Yet no one was heard on the radio requesting help for her.”-Charles Glass, Harper’s Magazine

You can see the videos here.   No Iraqi ever attacked the United States!  No Afghan ever attacked the United States!  Who’s the real terrorist?

Business/Economics, Idaho, U.S.

Idaho’s Coldwater Creek loses a VP, Judge tells former employee to expect more prison time, makes store closings watch list

A 1st District Judge in Idaho, has refused to accept terms of a plea agreement.

The case involves a former executive assistant at Coldwater Creek.  She pled guilty in exchange for paying $251,943 in restitution, a suspended three to 10 year prison sentence, and 90 days in county jail.

She is accused of racking up hundreds of thousands of dollars in fraudulent personal expenses at Coldwater Creek, and taking money from a non-profit group involved in education.

The judge said he didn’t like the 90 day county jail time deal, because there are other cases of fraud, in Idaho, in which the defendants took much less money, and spent much more time in county jail, after making a plea deal.

Also, Overstock.com has hired away Coldwater Creek’s vice president of marketing.

Timothy Dilworth worked for Coldwater Creek since 2000.  But is Overstock.com getting a good executive?  After all, hasn’t Coldwater Creek been losing sales for the past several years?

According to Internet Retailer, out of the top 500 U.S. retail companies Coldwater Creek ranks 93rd (not to bad, if that’s 93rd from the top).

Towards the end of March, Coldwater Creek stocks led a small rally in the retail sector. This was due to a smaller net loss than expected.  However, their sales were less than expected as well.  Coldwater Creek stock is now trading for just over one dollar per share.

A Florida based group called Turnaround Management Association, listed Coldwater Creek as one of dozens of troubled U.S. retailers to watch for store closings, right along with Sears.

Turnaround Management Association specializes in distressed debt, liquidations and bankruptcy proceedings concerning retail companies.

International, U.S.

World War 3: NATO copter shot down, U.S. drone crashes, U.S. led troops killed, more assassinations, Australian General backs up U.S. General’s claim that this is a “critical year”

An ISAF report says: “An International Security Assistance Force rotary wing [helicopter] unmanned aerial vehicle crashed in northern Afghanistan today.”  ISAF does not believe it was shot down.  No further details.

Some speculate that since the drone was a helicopter that it might be what witnesses are calling a NATO helicopter crash, in Baghlan Province.  The province is under the control of Hungarian NATO forces.  No further details.

Also, ISAF confirms reports that U.S. led troops have been attacked and killed. As is SOP with ISAF they will not give out details, other than the attack took place in eastern Afghanistan on April 6.

ISAF says the current death toll for U.S./NATO/ISAF troops is at 104 since the beginning of this year.

On the morning of April 6, 2012, a peace negotiator and one of his sons were assassinated when a bomb exploded. A third person was also killed.  The explosion happened after Islamic Friday Prayers.  It happened in Kunar Province.

Major-General Stuart Smith, Commander of Australian Operations in the Middle East and Afghanistan, re-stated what USMC General John R. Allen said recently: ”This is a critical year.”

Australian forces are beginning to hand over control of AOs (Areas of Operation) to Afghan government forces. Currently Australian forces operate in Oruzgan Province (aka Urōzgān, Uruzgan or Rōzgān): ”This is a year that, if the Afghan government asks us to, we will start the transition of handing over security responsibilities in Oruzgan to the Afghan Security Forces.”

However, General Smith made it clear that such hand over to Afghan government forces did not mean Western forces were leaving: “….that challenge will go on for a little while yet, beyond 2014.”

 

 

 

Fukushima

One Year Later: Japanese government makes it official, permanent no go radiation zones!

Just two days ago the Japanese Reconstruction Minister made an unofficial announcement; there could be indefinite radiation no go zones around Fukushima Daiichi.

Today, April 6, 2012, Hirano Tatsuo made the official announcement.

Some areas will be off limits indefinitely, others could be 10 to 20 years.  Officials from towns located next to the nuclear disaster reactors agree, however residents are pissed.

One 63 year old man said living as a refugee sucks! He wants to return to his home, which is just 4 kilometers (2.5 miles) from the nuclear plant.

Those areas outside the no go zones will be re-zoned to allow gradual staged return of residents.

Fukushima

One Year Later: Fukushima school enrollment down 70%!

Enrollment at grade schools in Fukushima Prefecture are down 70%.

Before the March 2011 nuclear disaster began at Fukushima Daiichi, there were 54 elementary and junior high schools in the Prefecture.  Now only 42 schools are open, and they are operating in rented areas away from their original locations.

School officials say many families have moved away permanently.