Saturday, January 31, 2009

Synagouge Attacked in Venzeuala

Is it any wonder? Chavez revels in his anti Israel policies and even expelled that countries ambassador. Of course he is also closely aligned with Iran and supported Hamas in the recent war.

CARACAS, Venezuela — A group of unidentified assailants overpowered security guards and vandalized a synagogue here early Saturday morning, the latest in a series of episodes aimed at Jewish institutions since Venezuela’s recent expulsion of the Israeli ambassador and the severing of diplomatic ties with Israel to protest the war in Gaza.

The vandals broke into Tiferet Israel, a Sephardic synagogue in the Maripérez district of Caracas, strewing Torah scrolls on the floor and spray-painting the walls with messages like “Death to all,” according to televised reports.

“We feel threatened and, with this incident, attacked,” said Elías Farache, a spokesman for Venezuela’s Jewish community, in comments broadcast by Globovisión, a private television network.


The Chavez government has criticized the attack and has insinuated that opposition parties did it to cause trouble. A ridiculous assertion mind you. Anyway who created this culture of hate in Venezuela?

Iraqi Elections a Stunning Success

How successful, they extended the time to vote by one hour in light of heavy turnout.

Some Headlines:


Iraq's provincial elections have wrapped up without any reports of serious violence.

Fox News BAGHDAD Polls closed at 6 p.m. (10 a.m. EST) on Saturday — an hour later than planned — after millions of voters cast ballots for influential regional councils around most of Iraq. There were no reports of major violence.


CNN-Turnout High in Peaceful Iraqi Elections-
BAGHDAD, Iraq (CNN) -- Turnout appeared to be high Saturday for Iraq's provincial elections, which took place amid tight security, voting officials said.
There was a sense of jubilation Saturday in Anbar province, the Sunni heartland west of Baghdad, reported CNN's Arwa Damon, who was touring polling places with United Nations observers.


NY Times-Under Tight Security Voting Seems Calm in Iraq
Published: January 31, 2009
BAGHDAD — Iraqis voted on Saturday for local representatives, on an almost violence-free election day aimed at creating provincial councils that more closely represent Iraq’s ethnic, sectarian and tribal balance. By nightfall, there were no confirmed deaths, and children played soccer in closed-off streets in a generally joyous atmosphere.


Msnbc Iraq Election hailed as "great success"
msnbc.com news services
updated 12 minutes ago

BAGHDAD - Iraqis held their most peaceful election since the fall of Saddam Hussein on Saturday, and voting for provincial councils ended without a single major attack reported anywhere in the country."No security breaches took place during the election. Things went as we planned and as we hoped," Defense Ministry spokesman Major General Mohammed al-Askary said. "I consider it a great success, like a wedding."


AlJazeera-Polls Close in Key Iraqi Elections

Millions of Iraqis have voted in key regional elections amid extremely tight security. About 15 million Iraqis were eligible to vote in the polls, held in 14 of Iraq's 18 provinces on Saturday. The polls, seen as a test of the security situation in Iraq, closed at 6am (15:00GMT) following an hour's extension by electoral authorities aimed at giving more Iraqis the opportunity to vote.More than 14,000 candidates competed for 440 seats.Except for a few stray incidents, officials said the elections went peacefully.


BBC-Iraqi PM Hails Vote as Victory

Iraqi Prime Minister Nouri Maliki has hailed a largely peaceful vote for new provincial councils across the country as a victory for all Iraqis.Voting was extended by one hour due to a strong turnout, including among Sunni Muslims who boycotted the last polls.


New Jersey and CDR Updated

In 2003 CDR began its relationship in New Jersey and received 250,000 dollars for one year contracts. These contracts have been renewed although recently Governor Corzine has moved to terminate the deal. New Jersey State Treasure John McCormac was the man who finalized the deal for the then McGreevy Administration. The Economic Development Authority for school construction was the local government body that oversaw over 2.5 billion in swaps.

According to the treasurer, CDR Financial will be paid $250,000 for a one-year contract, beginning around the first of the year. Under guidelines put forth by the treasury, the swap consultant will work with New Jersey public finance officials to create a swap policy, analyze the state's outstanding bonds, identify opportunities for savings, and educate treasury and various authorities' staffs in the use of swaps. However, the swap consultant would be barred from advising on individual swap transactions.

And what did David Rubin say about this windfall?

CDR, which specializes in swap-asset management, will provide monthly reports of the state's outstanding obligations and mark-to-market, or fair-value, calculations to New Jersey, among other responsibilities.

Earlier this year, the firm was hired by Jefferson County, Ala., for $190,000 a year to monitor $4.3 billion in outstanding swap exposure. CDR, which maintains an office in New York City, also works with the Pennsylvania Housing Finance Agency and Philadelphia. It plans to reply to a request for proposal from the city of Baltimore for similar swap- management services, an indication of the growth in this specialty.

"I think you'll be seeing a lot more action in this area," Rubin said.

They saw action all right. Philadelphia ended up with serious corruption trials that almost brought down the mayor and ended up costing the city millions. Jefferson county is on the verge of bankruptcy, and questions have been swirling around the behavior of CDR in Pennsylvania.

For the full Pay For Play CDR and the Democrats including what Black Box deals are click here.

Iraq: Images of Freedom









China Building Up its Military

Just in time for a Pentagon cut back courtesy of the Democrats,

CHINA’S armed forces are enjoying an unusual year in the sun. Destroyers are cruising pirate-infested waters off Somalia in the modern navy’s first active mission beyond the Pacific. Preparations are under way for the first full-scale military parade in Beijing in a decade. But the habits of the shade lie deep: a defence-policy paper published by the government on January 20th suggests little change in a disquieting preference for opacity.

The deployment in the Gulf of Aden, from this month, is rare for the navy, which has hitherto kept much closer to shore. It has not been to east Africa since the celebrated mariner Zheng He reached Somalia with a massive fleet in the 15th century (on a friendly visit, says China). The Chinese vessels—two destroyers and a supply ship along with special-forces troops—are escorting commercial vessels through the gulf. Several Chinese ships have been among those attacked by pirates off Somalia in recent months.

In an attempt to ease the fears around the world China has published a report that essentially tells us nothing.
China’s new defence “white paper” is aimed at dispelling such concerns. It is the sixth in a series of such documents published since 1998. None has impressed the Americans, who worry about China’s rapid acquisition of sophisticated weaponry, including the Chinese-made destroyers off Somalia and an array of Russian hardware. The Pentagon’s annual report on China’s army last year criticised its “lack of transparency” for increasing the potential for “misunderstanding and miscalculation”

Iraq Elections Today

Today is the Day.

LOCAL elections can often pass unnoticed by the world beyond. But Iraq’s provincial elections on Saturday January 31st are of greater importance than most. The polls are a first test of strength for Iraq’s political factions since a flawed vote in 2005 and should also give some guide to a general election that is due before the end of the year. If the polls on Saturday attract a decent turnout and pass off fairly and peacefully, Iraq will have taken a big step towards becoming a functioning democracy. But much could go badly.

Only 14 of Iraq’s 18 provinces will take part in the regional vote. The three Kurdish provinces in the north, and the disputed province of Kirkuk, will hold their elections later, marking that region’s semi-detached status. Better security, with American troops sitting back and leaving it to local forces, should ensure that most Iraqis with a vote will go to the polls. To this end, some 620,000 police, soldiers and other were allowed to cast advance ballots on Wednesday, freeing them for weekend duties. In a gratifying sign of how the main vote will go, turnout for early voting was said to be high.

Friday, January 30, 2009

Steele is the Winner

Winner

The Economist on the elevation of Steele:

NINE years ago, Michael Steele was a Republican activist with a thankless job. He ran the Maryland wing of the GOP, suiting up every day for battle against a Democratic majority that had run the state since the 1960s. Even Michael Dukakis had carried Maryland when he ran for president. Mr Steele's profile rose over the next few years, as he became the state's lieutenant governor and a popular Republican spokesman, tasked with telling black voters that Democrats took their voters for granted. But he lost a Senate race in 2006, and Democrats elected the first black president. What was next for Michael Steele?Today, Mr Steele was elected chairman of the Republican National Committee—the first African-American to hold the job. While Republicans were glowing, smiling, and occasionally brushing away tears when Mr Steele won, it took six hours and six different ballots before he finally prevailed in a 91-77 vote.
He just beat out Katon Dawson and now the ball is in his court, I for one will support him and push hard for his success.

Economist Roasts Democrat Protectionism

The Democrats are going to spark a trade war, how they reconcile that with "rebuilding" America's relations with the rest of the world has never been explained. Not the media would ever press Obama and the Democrats about this contradiction. In short the democrats wish to push autarky for the United States. This is a disaster and economic nationalism could do more damage to this country then even the make believe stimulus bill.

This was exactly the sort of thing the ministers of the G20 sought to avoid when they met in Washington late last year, agreeing not to devise new trade barriers as the world economy fizzles. But the Democrats are doing just that, anyhow, in the stimulus bill currently winding its way through Congress.

House Democrats want to require that all iron and steel used in stimulus-funded infrastructure projects should be made in the United States. America’s steel producers are happy, especially since they saw their share of the world steel market fall from 7.9% to 7.2% in 2008. But American exporters fear retaliation against their goods, both in places like China, at whom the steel provisions are aimed, and in rich countries, which are already slipping domestic-purchasing requirements into their own stimulus packages (see article).

The House favours another so-called “Buy American” requirement for spending on uniforms for the more than 100,000 officers in the Department of Homeland Security. And, though it is not in the House stimulus bill, some lawmakers still favour directing the $20 billion that is being allocated for computerising medical records exclusively towards American tech firms. Such a requirement, they say, is justified in an economic-stimulus package. But critics point out that it is hardly possible to meet it (IT being such a global business), even if it were a good idea.

This is a disaster in the waiting and the Democrats who push this have no idea what they are doing.

Donor List for Moving America Foward Foundation Subpoenaed

This could be big, we know that Moving America Forward the PAC received money from David Rubin and CDR, less well know is where did the 1.7 million dollars for the Moving America Forward Foundation come from. MAFF is a charity which like the PAC pushed voter registration drives. This is the same charity in which every top member claims no knowledge about or have distanced themselves from. If the donor list shows money from sources that received favorable treatment this could be a major break in the case. Now Foy has been accused of being a "disgruntled" employee from his firing over sexual harassment allegations, whether that's is true or false does not change the suspicious nature of MAFF, what else explains the desperate attempt by its board members to deny or underplay their role?

ALBUQUERQUE, N.M. (AP) A former state investment officer who has filed a lawsuit claiming that New Mexico taxpayers lost more than $90 million in an alleged ''pay-to-play'' scheme has subpoenaed a foundation established by Gov. Bill Richardson to uncover the names of its donors.

Frank Foy, the former investment officer for the state's Educational Retirement Board, has charged in a civil lawsuit filed last July and made public earlier this month that political contributions to Richardson influenced the awarding of investment business in New Mexico.

Foy's attorney, Victor Marshall, says the subpoena seeks to uncover who contributed to the Moving America Forward Foundation, a nonprofit organization founded by Richardson that began operating in 2003.

''Because MAFF is shrouded in secrecy, no one knows whether the Moving America Forward Foundation was used as a conduit by people who wanted to buy business from the state of New Mexico,'' Marshall said in a news release Thursday.

For the full Pay For Play CDR and the Democrats including what Black Box deals are click here.

Money for Nothing in the David Rubin CDR Scandal

That's right, Bank of America Employee Douglas Cambell paid out over 182,000 dollars to various consultants and other banks who did no actual work for BOA. Now why would he do that? Is that how business is done in the muni-bond market, give kickbacks and bribes to favored companies in order to grease the wheels of business?


Campbell, described by Phil Murphy (Cambell's Boss) as a high-revenue producer, directed the bank to pay $75,000 to PaineWebber Inc., now a unit of UBS, to help two employees build a firm that invests the proceeds of municipal bonds, according to the e-mail.

In the same e-mail, Campbell wrote that Bank of America paid Piper Jaffray Cos., the 13th-largest underwriter of municipal bond issues, a total of $40,000 in connection with transactions in January and April 2002, Campbell wrote. The money was in gratitude for the work the two banks had done together in municipal interest rate derivatives. "Just saying thanks for all the swap business," he wrote.

In April 2001, the bank sent $10,000 to Christopher Winters, a former partner at brokerage Feld Winters Financial Inc., just as he was opening his firm, Los Angeles-based Winters & Co., the e-mail says. The new firm arranges derivative and investment deals between local governments and bankers. Derivatives are unregulated and often complex contracts whose values are derived from underlying securities. Winters didn't return phone calls seeking comment.


In light of these transactions Campbell was fired by the Bank, but don't worry he went off and landed a job with Minneapolis-based Piper Jaffray, one of the firms he had directed Bank of America to pay for nothing. As for Murphy, he resigned after being "shunned for investigating Campbell's behavior", I guess they just didn't want to know. In short Murphy argued that he was the whistle blower and that his bosses were actually quite close to Cambell due to the high level of business he brought in, after arbitration with BOA Murphy was given 365,000 dollars and any negative reference to him stricken from his record. And what was CDR's cut of the pie?

The rest, $57,393, went to CDR Financial Products in Beverly Hills, California. CDR is a financial adviser to municipalities and a broker for investment contracts bought with bond proceeds. Campbell had bid in auctions for municipal bank work arranged by CDR.

"The CDR fees have been part of the ongoing attempt to develop a better relationship with our major brokers," Campbell wrote, according to a copy of the e-mail that was contained in a lawsuit later filed by Murphy in North Carolina against the bank.

CDR President David Rubin says his employees who worked with Bank of America are no longer with CDR.


And those employees who are no longer with CDR, what happened to them?
For the full Pay For Play CDR and the Democrats including what Black Box deals are click here.

Chavez: A New Consitutional Doctrine is Rising

Actually president for life is not new at all. Now Chavez argues that he could lose a future referendum so this really isn't a dictatorship. Of course the centralization of power and the use of oil wealth to build a corrupt political machine as well fawning media coverage apparently is a natural development. And for those who do not accept the new order the use of riot police and affiliated gangs to arrest and assault opposition political parties. Now does that sound like free and fair elections?

President Chávez: A new constitutional doctrine is arising in South America

On Thursday, the President of the Bolivarian Republic of Venezuela, Hugo Chávez Frías, said that a new constitutional doctrine, which is fundamental and was first expressed in Venezuela 10 years ago, is arising in South America.

The President made that statement on arriving in Belém do Pará, Brazil, for the World Social Forum 2009.

He was responding to a question about the biased coverage that some international media agencies are engaging in regarding the proposed constitutional amendment that would lift term limits for the Presidency of the Republic as well as for every other popularly elected office. This amendment proposal will be voted on in a referendum in Venezuela on February 15th.

“In this context of a global [media], we must not fall into the traps of a small debate, which seeks to impose the opinions of the Venezuelan opposition and its international allies,” the President said.

President Chávez noted that February 2nd will make the 10 year anniversary of the beginning of the revolutionary government, as well as the day that “this solider signed a decree to convene a national referendum [for a new constitution]. Like that, the voice of the nation began to arise, as well as a new constitutional doctrine that is starting to prevail on this continent.”

“The prevailing voice is not that of the oligarchies, the Pentagon, dictatorships, the domestic bourgeois, but what is starting to prevail, truly, is the voice of the people, and this is what is continuing to happen in Venezuela after 10 years, more so now with the new referendum that will take place on February 15th for the constitutional amendment,” he explained.

“The voice of the people will continue to rise, as it prevailed in Bolivia and Ecuador, beyond the opinions of some,” President Chávez emphasized.

Agencia Bolivariana de Noticias (ABN), Embassy of the Bolivarian Republic of Venezuela Press Office / January 29, 2009

Thursday, January 29, 2009

Richardson Sinking in Polls From Scandal

Losing It

Poor Bill, he was so close to the cabinet, now investigations are swirling about him and the people of New Mexico are turning on him.

The popularity of Gov. Bill Richardson has dipped to an all-time low, according to Eyewitness News 4's exclusive survey.

For the first time since 2005, our exclusive Survey USA poll shows more of New Mexico's residents disapprove of the governor.

About 47 percent of people said they approve of the job Gov. Richardson is doing--down from 59 percent from last month.

For the full Pay For Play CDR and the Democrats including what Black Box deals are click here.



Thank You Mr. President


I saw this on Hot Air, its a cool clip of thanks for President Bush.

Senate Republicans Vow To Crush Stimulus

Sen. Roger Wicker, R-Miss.

But can they? They can force a long term debate on this project and go over it line by line so the country can see how the democrats are using American;s fear to reward their supporters. This will be a significant boost for the GOP and should be done. Let Democrats explain how this actually helps people, it should be amusing.

WASHINGTON — A group of conservative Senate Republicans vowed Thursday to vote against an $888 billion economic stimulus package when it comes up for a vote in the Senate.

"A trillion dollars is a terrible thing to waste," said Sen. Roger Wicker, R-Miss., standing with Republican colleagues who said they feel shut out of the process of crafting the stimulus despite Democratic promises of bipartisan cooperation.

President Obama lobbied Republican congressional leaders to support the measure, but the version of the stimulus bill approved Wednesday by the House did not receive any Republican votes. The Senate is expected to start debate on Monday and the bill is already facing resistance from some Republicans.

Shine light on this bill!

Obama and Dodd Target Bonues

Will any of this actually help anything? No but playing on hatred and class resentment is fine talking points is one of the key tactics of the Democratic party. While were at it perhaps they can demand the entertainment industry cap its salaries.


By Julianna Goldman

Jan. 29 (Bloomberg) -- President Barack Obama said bonuses dealt out by Wall Street firms are “shameful” while the U.S. economy is in recession.

The distribution of bonuses now “is the height of irresponsibility” Obama said before holding a closed-door meeting with Treasury Secretary Timothy Geithner and Vice President Joe Biden at the White House. Firms need “show some restraint and show some discipline.”

Obama’s comments followed a call by Senate Banking Committee Chairman Christopher Dodd for the government to examine ways of forcing executives to repay the bonuses.

The New York state comptroller reported that Wall Street firms disbursed $18.4 billion in bonuses last year as the U.S. sank into a recession. While the figure represents a decline of 44 percent from the previous year amid record losses in the securities industry, the bonus pool was the sixth-largest ever, the comptroller said in a yearly report.

The report also was drawing fire in Congress. Dodd, a Connecticut Democrat, said he wants financial industry executives to repay bonuses.

“I’m going to be urging -- in fact not urging, demanding - - that the Treasury Department figures out some way to get the money back,” Dodd said. “This is unacceptable.”

I wonder if Dodd will pay up for the sweetheart mortgage deals he has gotten.

Early Voting in Iraq

Sometimes we forget how stunning events we take for granted in this country appear in others. This was Saddam Hussein's Iraq, now early voting in that country sounds like a routine news story.

by Tina Susman
9:02 AM PST, January 28, 2009 Reporting from Baghdad -- Tens of thousands of soldiers, police officers, hospital patients and prison inmates cast ballots today in a special round of voting in advance of Iraq's nationwide provincial elections being held Saturday.

It was the first step in a dizzying process not likely to end until the late next month, when the final announcement of internationally recognized results is expected. Provisional results are expected about 72 hours after polls close at 5 p.m. local time Saturday.

I was in Iraq for early voting when the country ratified its new Constitution. At the time I was a prison guard and it was our job to insure that the Iraqi detainees would be able to actually vote on the ratification of that document. I will never forget the Iraqi poll worker who was a risking their life so detainees, some of whom wanted to destroy the new Iraq could still have to chance to exercise their new found rights.

The Stimu-Pork Democrat Enrichment Act of 2009

Found this on Michelle Malkin's site and its called the Senate Conservatives fund. Its a a copy of the stimu-pork democrat enrichment act of 2009 bill the democrats are trying to pass.


For the political payoff bill that is in the senate click here

Does Spain Foreshadow America?

Spain had something of its own housing boom and bust this decade and is now experiencing a recession that could soon be called an out and depression. The current Prime Minster, the socialist Zapetero who rode to power exploiting the Madrid bombings has essentially tried stimulus packages and loan guarantees to keep business afloat:

In few places does the social fallout from recession look so dramatic. Predictions keep getting worse. The government expects unemployment to rise from 13% to 16% this year. The ESADE business school predicts 20%. Aragón, the region of which Zaragoza is capital, encapsulates it all. The switch from boom to bust has had a drastic effect. Spain’s decade of high growth was especially notable in Aragón, which hit near-full employment in the Expo-building frenzy. “Now we are among the regions destroying jobs fastest,” says Julián Buey, a local union leader. “That is because we created low-skilled work in construction but did not invest in technology.”

So what does the future hold? Zapaetro has no actual plans outside of more state intervention with the hope that something might work. With 20% unemployment and the state now running out of money, serious disruptions and civil un-rest are becoming more likely.

So what is Mr Zapatero doing? He claims that a €33 billion public-works programme will lead to 25,000 new building projects by May. Spain’s low debt burden creates some room for manoeuvre. Yet even a recovery by December will be too late for a first wave of jobless who will by then be running out of their statutory unemployment benefit. Mr Zapatero has pledged to look after them, but that will cost money. The welfare system is less generous than most. Spaniards traditionally fall back on families for support, housing and jobs at times of crisis. But the family nowadays is weaker, smaller and sometimes led by single parents.

The government in Madrid predicts that GDP will contract by 1.6% this year, and the budget deficit will soar to 6% of GDP. Others are even gloomier. “We have used up all the leeway we had with public spending,” admitted Pedro Solbes, the finance minister. Standard & Poor’s decision this week to downgrade Spain’s credit rating has confirmed the worst.
Adding to the troubles Spain has had an influx of immigrants who worked in construction and farming as a means to start a new life and send remittances home. Obviously growing un-employment and large pools of un-skilled workers is making Zapatero nervous, his solution? Bribe them to go please go home.

Mr Zapatero is offering immigrants lump-sum payments to go home. Yet some economists want immigrants, who form a go-anywhere, do-anything pool of workers that will be critical in a recovery, to stay. “They are more flexible than Spaniards,” says Pablo Vázquez, director of the Foundation of Applied Economics Studies. “We think immigrants are necessary and can help us overcome this crisis.”

Wednesday, January 28, 2009

H.R. 1 and S. 1:The Stimulus Bill

Here is the link to the legislation, read it and weep.


Calendar No. 1
111th CONGRESS
1st Session

S. 1(No Full Text Yet)

To create jobs, restore economic growth, and strengthen America's middle class through measures that modernize the nation's infrastructure, enhance America's energy independence, expand educational opportunities, preserve and improve affordable health care, provide tax relief, and protect those in greatest need, and for other purposes.

IN THE SENATE OF THE UNITED STATES

January 6, 2009

Mr. REID (for himself, Mr. LEVIN, Mr. KERRY, Mr. KENNEDY, Mr. BEGICH, Mrs. BOXER, Mr. DURBIN, Mr. MENENDEZ, Mr. BINGAMAN, Mr. CASEY, Mr. LAUTENBERG, Ms. STABENOW, Mrs. MCCASKILL, Mr. LIEBERMAN, Ms. KLOBUCHAR, Mrs. CLINTON, Mr. SCHUMER, and Mr. BROWN) introduced the following bill; which was read the first time

January 7, 2009

Read the second time and placed on the calendar


A BILL

To create jobs, restore economic growth, and strengthen America's middle class through measures that modernize the nation's infrastructure, enhance America's energy independence, expand educational opportunities, preserve and improve affordable health care, provide tax relief, and protect those in greatest need, and for other purposes.



111th CONGRESS
1st Session

H. R. 1

Making supplemental appropriations for job preservation and creation, infrastructure investment, energy efficiency and science, assistance to the unemployed, and State and local fiscal stabilization, for the fiscal year ending September 30, 2009, and for other purposes.

IN THE HOUSE OF REPRESENTATIVES

January 26, 2009

Mr. OBEY (for himself, Mr. RANGEL, Mr. WAXMAN, Mr. GEORGE MILLER of California, Mr. OBERSTAR, Mr. GORDON of Tennessee, Mr. FRANK of Massachusetts, Ms. VELAZQUEZ, Mr. SPRATT, and Mr. TOWNS) introduced the following bill; which was referred to the Committee on Appropriations, and in addition to the Committee on the Budget, for a period to be subsequently determined by the Speaker, in each case for consideration of such provisions as fall within the jurisdiction of the committee concerned


A BILL

Making supplemental appropriations for job preservation and creation, infrastructure investment, energy efficiency and science, assistance to the unemployed, and State and local fiscal stabilization, for the fiscal year ending September 30, 2009, and for other purposes.

    Be it enacted by the Senate and House of Representatives of the United States of America in Congress assembled,

SECTION 1. SHORT TITLE.

    This Act may be cited as the `American Recovery and Reinvestment Act of 2009'.

Iraqi Democracy

God Bless the Iraqi People and the United States of America

It was fashionable for elites to throw lines out there on how Muslims just aren't ready or we can't impose democracy. Same fashionable opinion held Iraq never had a chance and it was the greatest disaster in the history of humanity. Anyway what isn't stability more important then freedom? Well it appears those pesky Iraqis have forged the first truly democratic country in the history of the Arab world.

In the rural province of Diyala stretching along the Iranian border north-east of Baghdad, tea-houses buzz with the chatter of men exchanging views on candidates as they play cards or backgammon and smoke waterpipes, in contrast to past ballots when violence deterred many people from daring to show an interest in voting.

Free speech and elections, how is this possible President Obama and the Democrats had ruled it out! Read this and understand the revolution that has occurred in the heart of the Middle East:

By contrast, candidates for the bigger parties, such as Mr Maliki’s Dawa or its Shia rival, the Islamic Supreme Council of Iraq, which is probably the country’s biggest Shia outfit, or the Iraqi Islamic Party, the main old-established Sunni one, have lots of cash, enabling them to festoon towns and even villages in the depths of the countryside with banners and billboards. They are expected to win the lion’s share of seats.

But the Constitutional Party, founded by Jawad al-Bolani, Iraq’s powerful interior minister, a Shia, may also emerge as a force to be reckoned with. Campaigning on a secular platform, its posters hog prime spots in Baghdad and nearby districts with the words “Vote for Iraq’s unity”.

Candidates linked to the Sunni tribal Sahwa (Awakening), which helped the Americans pacify Anbar and other provinces, may also do well, challenging the dominance of the Islamic Party. Fans of a firebrand Shia cleric, Muqtada al-Sadr, who appeals to the poor, have no party to vote for, as his group was banned from the list on the ground that it maintains a militia. But voters will be able to tick the box of nominally non-aligned candidates backed by Mr Sadr’s people. It will still be a big test of his popularity, especially in eastern Baghdad and areas of the south where his militias previously held sway. Mr Maliki is determined to cut Mr Sadr down to size.


Of course it appears Sadr is all but finished following the destruction of his Islamic Racketeers by the Iraqi army, another event our elites could not believe happened.

Chavez: Opposition Conspiracy Caused Food Shortages

This is an old trick, blame outside or inside foes for the failures of a socialist regime. In this case Chavez who has waged war and stolen as much private poperty as possible is now claiming that a conspiracy is afoot by the private sector. Everyone's fault but his. Of course his lunatic economic plans that have caused 30% inflation and made it easier to buy bottles of scotch over loaves of bread had nothing to do with it. Of course the next step after blaming "wreckers" of the economys would be trials for enemies of the state. Much is riding on Febuary 15th.

Minister Jaua: Venezuela guarantees full supply of food for 2009

The national government’s economic policies guarantee the full supply of food for all Venezuela, noted Elías Jaua, Minister of People’s Power for Agriculture and Land.

“There will be no shortages for 2009. Opposition sectors have created a frame of opinion that attempts to create unease in Venezuelan families. However, the government has policies to guarantee full supply,” said Jaua during an appearance on Despertó Venezuela, a program broadcast by Venezolana de Televisión (VTV).

Furthermore, he emphasized that the government is working with large, medium and small scale private producers who want to develop their economic activities and that do not belong to that political conspiracy.

Minister Jaua indicated that the theme of shortages is political maneuver used by the private sector. Not withstanding, he affirmed that the people know this maneuver is part of a campaign for creating uncertainty in the weeks before an electoral process.

“We have learned to never again let the public be subjected to the blackmail of shortages,” he stressed.

The Minister also urged the people not to fall for that campaign and not to participate in hoarding or nervous buying, because this government is one which guarantees the right to food like none of its predecessors.

Agencia Bolivariana de Noticias (ABN), Embassy of the Bolivarian Republic of Venezuela Press Office / January 27, 2009

Chavez Declines to Invite American Ambassador Back

Its obvious why, he doesn't want anyone around that could get in the way of his dictator for life vote in on February 15th. For our part does the Obama administration really want someone down there that will fight for the rule of law and freedom in the Western Hemisphere, or would they prefer not to witness the upcoming crime as a means of avoiding any responsibility.

CARACAS, Jan 27 (Reuters) - Oil exporter Venezuela will not yet call back a U.S. ambassador expelled by leftist President Hugo Chavez last year despite hopes of warmer relations with the new administration of U.S. President Barack Obama.

A staunch critic of U.S. foreign policy, Chavez has got off to a rocky start with Obama, who called the Venezuelan leader an obstacle to progress. Chavez responded by saying Obama carried the same "stench" as his predecessor, George W. Bush.

Chavez has since softened his tone, saying he was filled with hope for Obama.

Tuesday, January 27, 2009

David Rubin, CDR, and Arizona

We have all the elements of a black box deal. SocGen was the banker who worked with CDR down in Arkansas as well as in Virginia in sketchy deals that went sour.We have the Arizona Industrial Development Authority in whose name the bonds were floated, and CDR who put the deal together.

Charles Anderson, manager of field operations for the IRS's tax-exempt bond division, told bond lawyers in May that the agency is investigating cases where providers of guaranteed investment contracts paid kickbacks to the brokers who evaluated their bids for the agreements. Anderson didn't name the parties involved.

The IRS has scrutinized a $27 million bond sold by Pima County, Arizona's Industrial Development Authority to help individuals buy homes. According to documents obtained from the authority, the IRS said it was concerned about quarterly payments made by Paris-based Societe Generale, France's third-biggest bank, to CDR, which structured the transaction and evaluated bids for the investment agreement.

For the full Pay For Play CDR and the Democrats including what Black Box deals are click here.

David Rubin and CDR By State and Municipality

A simple post to show the extent of CDR's activities, the list is incomplete but I think it gives a glimpse about the scope of David Rubin and his company. Each state and city has its own horror story of being scammed by in black box deals or stories of corruption.

  1. New Mexico
  2. Pennsylvania
  3. Philadelphia
  4. Florida
  5. Atlanta
  6. Arizona
  7. Birmingham, AL. (Jefferson County)
  8. New Jersey
  9. Arkansas
  10. North Dakota
  11. California
For the full Pay For Play CDR and the Democrats including what Black Box deals are click here.

Join Sarah PAC


I like Governor Palin for her positions in regards to energy and reform. On a personal level I will never forgive the left and the media for their various libels, especially there use of a special needs child as a political weapon. Join, make a donation or at least sign up for e-mail alerts. Click on Reformer to go to the site.

Democrats Divided on Energy

Opportunity

A wedge is forming between the pro-growth Democrats and the green ideologues who dominate much of the party. In the old days Regan Democrats voted Republican over the liberal slant of their party, I strongly believe that a solid GOP candidate pushing a cheap energy agenda could attract enough votes to win majorities again:

Already, the Congressional Democrats Mr. Obama will need to carry out his mandate are feuding with one another.

By coincidence or design, most of the policy makers on Capitol Hill and in the administration charged with shaping legislation to address global warming come from California or the East Coast, regions that lead the country in environmental regulation and the push for renewable energy sources.

That is a problem, says a group of Democratic lawmakers from the Midwest and Plains States, which are heavily dependent on coal and manufacturing. The lawmakers have banded together to fight legislation they think might further damage their economies.
The Times is describing it as a "brown-state verse green-state" clash. The problem is that Obama being to the left of his party has already stacked his admin with true believers. Couple that with Henry Waxmen and Barbara Boxer (Both from California) and you have a recipe for a cap and trade system. Cap and trade by the way is a regressive in its nature and designed to punish working and middle class families as well as energy companies, all with the intention of forcing us to behave according to the dictates of these eco-fascists. If the GOP had sense and backbone they would recognize there is an issue to beat the new administration over the head with.

Economist Fries PETA over Sea Kittens

Meow

Its a great article that exposes not just the stupidity of the campaign, but the dangers of it. In short fish is healthy to eat and we should be encouraging more of it in peoples diets based on health benefits. In short omega-3 fatty acids found in fish formed an important part of human brain structure. Also that a deficiency of omega-3 fatty acids has been “associated with certain mental and behavioural disorders, such as ADHD, depression, dementia, dyspraxia, greater impulsivity and aggressive behavior. PETA is encouraging kids to make unhealthy choices.


To read this article you would think PETA has essentialy lost their minds, which I belive they have:

The site clearly is pitched towards younger web surfers. You can create your own cartoon sea kitten, customising your cute cartoon fish with sunglasses, a tiara, a pink skirt and, naturally, kitten ears. Sea Kitten accessory items include, rather bizarrely, a bowl of water (someone may need to remind PETA that fish live in the sea and therefore have the benefit of large quantities of the stuff)
Trying to exploit young kids, how quaint.

One part of the site contains sea-kitten bedtime stories. These seem to be largely intended to scare children away from eating fish. But one story is aimed at both parents and children. “Tony the Trout is the smartest Sea Kitten in his school,” it begins. “Already litter-trained at two months old, Tony went on to double-major in neuroscience and environmental studies at Clamford University, eventually graduating with honours. When Tony is caught and fed to a precocious young child who, having eaten one mercury-filled sea kitten too many, falls to the bottom of the class, the irony is not lost on him”.

It takes a special type of lunatic to sit down type that story and then use it to hook (Pun intended) a child . The left in action infantile and dangerous all in one.

Illinois Public Pensions Plans in Trouble

Why not add another disaster to President Obama's home state. IN this case its the basics, overly generous plans coupled with some old fashion Illinois corruption have left the states public pensions system battered. Perhaps not as battered as California which lost 74 billion last year, or Philadelphia which witnessed a 21% contraction.

Illinois’s pension funds were skimpy even before the crisis. “The big-picture problem for Illinois has nothing to do with markets,” explains William Atwood, director of the state board of investments. “It has to do with policymakers’ decisions to allocate money to places other than pensions.” After years of starving its retirement systems, in 1995 the state adopted a plan to ensure that its ratio of assets to liabilities reached 90% by 2045. But this was scuppered by generous new benefits for workers and lax payments to the funds themselves. Meagre returns have not helped. In June 2008 the state’s five pension funds had $64.7 billion in assets. At the end of October they had $50.5 billion.

Mr Giannoulias’s plan would consolidate the five funds, improve their management and protect them more effectively from corruption. In the past Tony Rezko, a convicted former fund-raiser, tried to use the teachers’ fund for extortion. The treasurer’s plan might help the funds’ performance, says Laurence Msall of the Civic Federation, a watchdog, not least because investment professionals would oversee them. However, says Mr Msall, the plan “will not solve Illinois’s dramatic underfunding of its pensions”. Mr Giannoulias thinks his proposal will save up to $82m a year. The state is due to pay over $4 billion to the pension system in the next fiscal year. Illinois now faces a deficit of at least $2 billion.

Actually redressing the problem is going to require significant reforms such as an increase in the retirement, an increase in contributions, or a decrease in benefits. Three extremely unpopular choices, especially in a state run by a party machine which relies on its ability to dole out benefits to certain groups.



Monday, January 26, 2009

Chavez Enters "deployment phase"

You cannot make this up, in addition to joining Brazilian President Lulu in saving Obama from the "Machine", he uses his new article to divide and conquer his opponents in the upcoming referendum on his being dictator for life. In this rambling article he manages to quote songs from the sixties and William Shakespere, its almost surreal in nature, normaly I just excpert but this gets a full reprint:

The following is the second edition of a regular column written by President Hugo Chávez Frías:

“The world turns…” says an old song from the sixties. And it really turns.

“Let the wind blow…” And it really does.

Barack Obama was inaugurated with great expectations from a world that says “enough” to the many aggressions of a declining Empire. He said to those “leaders who want to sow conflict” that “we will extend a hand if you are willing to unclench your fist.”

Well, from here, where millions of human beings in the global South have suffered the U.S. Empire’s punches for a long time, I am sure can speak for the oppressed people when I say that it is precisely the government of the United States that should unclench its fist. Outstretched hands, full of brotherhood, would be offered from throughout the world. Among them, without a doubt, would be those of this revolutionary soldier and the millions of Venezuelans who, even though Obama may not know it, are building a deep democracy: Democratic Socialism!

Meanwhile, “let the wind blow” and let us say, as Saint Thomas did, “let me see and then I shall believe.” Or as our Uruguayan writer friend, Eduardo Galeano, said: “let us hope.”

Fidel already proposed this from his trench of ideas, the one life reserved for him to continue fighting the battles of the 21st century, following the strategic guidelines of Simón Bolívar when he said, in Angostura, “the printing press is the artillery of thought.” He wrote:

“Nevertheless, despite the tests he has overcome, Obama has not yet passed the main one. What will he do when the immense power in his hands proves absolutely useless for overcoming the system’s insoluble antagonistic contradictions?”

And Lula also said something a few days ago, from the wide plains of Maracaibo, where we are building a socialist development center with Brazilian support. He said: “Chávez, we need to speak with Obama before the machinery traps him.”

Meanwhile, in the whirlwind of world events, here in the homeland of Bolivar this political battle for a Constitutional amendment continues, becoming more intense each day. Let me repeat: here, the patriots; there, the colonialists.

In my ceaseless travels throughout the country, from Barcelona to Cabimas, where I swore in tens of thousands of committees for the Yes vote belong to the Socialist Missions Front, to the streets, paths and building of the heroic neighborhood of January 23rd, I have noted the growing enthusiasm of the Venezuelan people, a true frenzy, a flood of passion for the Homeland.

It is now necessary to redouble our political offensive on our fronts everywhere. Today, Sunday January 25th, the Fourth Phase of our campaign will begin: Deployment.

I call upon all of the people, on the allied parties, on socialist fronts, on socialist volunteers, on the committees for Yes, to use all of their initiative, creativity, joy, organization, machinery and mobilization hour after hour, day by day, house by house, street by street, neighborhood by neighborhood, city by city, in an enormous, intelligent, passionate and reasoned political offensive.

We must crush the power misinformation campaign that the counterrevolution continues to launch against the people; a campaign based on constant lying and deception, with an endless number of fabricated stories, like that monument to the absurd and idiocy: that tale about “indefinite reelection.

Every time I hear a pitiyankee say that the amendment is for “indefinite reelection,” I remember Shakespeare’s Macbeth: “…a tale. Told by an idiot, full of sound and fury, Signifying nothing.”

That is what “indefinite reelection” is, it signifies nothing. Simply put, reelection is either definite or it is not. Reelection means an obligatory, definite call for elections, the definition of a date for a popular vote and an exactly defined term period. The Constitution defines the term periods, from four to six years, for every popularly elected office…

There is thus no such thing that resembles what the pitiyankess call “indefinite reelection”!

To reelect is to elect once again. Whoever aims to remain in a popularly elected post must be subject to the will of the people. Can someone perpetually remain in power if voters do not elect him or her? Why can it not be up to the people to decide who governs? Why is the opposition afraid, as it is afraid of the devil, of answering these simple questions? Why are they afraid?

I know. They are afraid of the people, who rose as a collective Lazarus!

I propose, my fellow citizen, man or woman, youth of my Homeland, that between you and I, between all of us voting Yes on February 15th, that we achieve perpetual power for the Venezuelan people. Let us choose the Simón Bolívar National Project for life to fully achieve National Independence. Let us place this marvelous duo, which is only possible in the future Socialist Society, on an eternal throne: Equality and Freedom!

I, Chávez the solider, your friend, believe in you and I say, with our Founding Father Bolívar: “I have more faith in the people’s resolutions than in the advice of sages.”
With you, I say: Yes!

Hugo Rafael Chávez Frías, January 25, 2009

Translation by the Embassy of the Bolivarian Republic of Venezuela Press Office.


I never knew his middle name was Rafael.

CDR Financial Products and Arkansas

In this case the program was known as Dream to Own, another variant of lease to own, the program CDR brags that it created to help people to find affordable housing. It was Pulaski County in Arkansas in whose name the municipal bonds were floated. SocGen was the underwriter and CDR put the deal together. In 2002 the Pulaski County Facilities Board had sold 48 million in revenue bonds as part of the Dream to Own Program with the purpose of buying 500 units of low income housing. Before it was over only 2.6 million dollars was actually spent. Eventually the IRS investigated and Pulaski county found itself with more then it bargained for. SocGen for its part received 1.9 million and that bank paid over 16,000 dollars quarterly to CDR for its role in the deal. All of the elements of a black box deal are here, and it was CDR's job to solicit bids for the bond money, in many of these scams the Bank and CDR would have a secret arrangement not to spend the money. Although their is no smoking gun in this case there is a high degree of probability that occurred. In addition its clear the local government was sold into a program that looked like money for nothing.

Justice of the Peace Patricia Dicker said she was dubious of the lease to purchase program from the beginning. Dicker was the only quorum court member to speak against the bond sale when it was proposed in mid 2001.
"Sometimes when things sound too good to be true they are" she said "But everyone was gung-ho and enthusiastic about helping poor people buy homes, I thought maybe I was stupid, so I went along with it."
This has turned out to be a real rotten deal, at least were not in the dark anymore."

For the full Pay For Play CDR and the Democrats including what Black Box deals are click here.

Sunday, January 25, 2009

Iraqi Girls Reclaim Insurgent Attack Areas


Of course terrorists, (Freedom Fighters to the left) tried to blow the school in their heroic attempts to stop school girls from learning. Apparently 5 artillery shells along with propane tanks were wired to blow the place up during the rebuilding process. Thankfully the plot was discovered the persons involved were all killed and captured.


by Sgt. 1st Class Christina Bhatti
MND-B PAO

CAMP TAJI, Iraq, Jan. 8, 2009 – Some 300 girls in blue jumpers and white head scarves stood in formation on the school’s courtyard. The chill in the morning air rose in puffs as they chatted, happily anticipating the formal opening of their new school.

“Today is a good day,” said Saeed Jassim Hameed al-Mashhadani, a tribal sheik in Tarmiyah, Iraq. “This day marks a beginning of education for these girls.”

The Huda Girls’ School in Tarmiyah, northwest of Baghdad, officially reopened its doors Jan. 5 in a ceremony that featured speeches, poems and songs. The school provides education to about 950 girls who attend classes at various times throughout the day.


The chief problem now, they need more teachers:

More teachers also are needed, but Jassim said he is confident that problem will be solved in the coming years.

“All of the teachers we currently have graduated from this school,” he said. “They belong to this area. Some of these girls will do the same thing, and we will continue to prosper like we did before the fighting.”

Jassim said he is sure the area is safe now.

“There is nothing more to be scared of,” he said. “These girls can come to school in peace.”

Despite the peace and stability in the area, a symbol of violence still looms in the background. Clearly visible from inside the school’s compound is the brightly colored dome of the Ghalani Mosque. This mosque is a known safe haven for terror and frequently broadcasts anti-coalition and Iraqi security messages. But Jassim said this will not deter his efforts and those of his teachers to give the students the education they deserve.

“It is our duty to provide the best education possible,” he said. “We have been charged with that duty – and we will prevail.”


Stay Strong!




CDR and North Dakota

In this case it was Bear Stearns that used CDR's ideas to scam the state, Is there any part of the country that has not been shafted by this scam?

Oct. 4 (Bloomberg) -- Officials in Fargo, North Dakota, were caught by surprise in November 2005 when the IRS told them a $47.8 million municipal bond issued in 1997 to restructure debt for water and sewer facilities might lose its tax-exempt status.

The reason, the IRS said: Bear Stearns Cos. profited excessively from Fargo's public finance and may have shared those profits with CDR Financial Products.

``We're an innocent victim of all this,'' Fargo Assistant City Attorney Erik Johnson says. He says the underwriter on the bond deal, Dain Bosworth Inc., now a part of Toronto-based Royal Bank of Canada, had suggested a refinancing practice that the firm said was nationally recognized and safe. ``They presented it to us as basically an idea that was a perfectly legitimate structure,'' he says.

What Johnson didn't know was that Dain Bosworth got the investment idea from CDR, then called Chambers, Dunhill, Rubin & Co. Beverly Hills, California-based CDR, in turn, had secret agreements with New York-based Bear Stearns to develop investment techniques for municipal finance deals and share profits and losses, according to the agreements.

The secret pact wasn't CDR's first such arrangement. In Florida in 1999, CDR had an undisclosed agreement with Anchor National Life Insurance, a unit of AIG, that allowed both companies to profit from the sale of bonds if the proceeds weren't used.


And what did CDR actually do?


IRS Concerns

CDR developed escrow accounts required to be used with the issuance of tax-exempt municipal bonds. The IRS said the type of account wasn't needed by Fargo, and it cost the city $3 million in wasted fees. The account also violated IRS tax rules on how much profit a firm can make investing the proceeds of tax-free financing, the IRS says. That could lead the IRS to take away the tax-exempt status of Fargo's $47.8 million bond.

When a municipality wants to refinance or restructure debt sold for roads, schools or sewers, it can't pay off the bonds in the same way a homeowner refinances a mortgage. Instead, municipalities must create an escrow account that contains money raised by selling new, lower-interest-rate municipal bonds.

The account, which must consist of securities issued by the U.S. Treasury or backed by the full faith and credit of the U.S. government, is used to continue to pay off the principal and interest on the original bonds as those payments come due. CDR developed the put option escrow.

When a municipality refinanced debt, it would purchase, as a package, treasury securities and an option from the seller of the securities. The option would give the municipality the right to put, or sell back, the treasury securities to the bank during a specified period, and the bank would then have to replace the escrow.


Fees are the key, these black box deals leave the municipalities in financial dire straits, but the companies involved make a fortune actually putting them together.

For the full Pay For Play CDR and the Democrats including what Black Box deals are click here.

Freddie Mac Asking for another 35 Billion


It will never end, and the damage done by this state-backed companies has entered the relm lunacy. Not to be left out of the fun it appears Fannie Mae is not the far behind as well. Madness, no other word for it.

By Dawn Kopecki and Jody Shenn

Jan. 24 (Bloomberg) -- Freddie Mac, the mortgage-finance company under federal control, needs as much as $35 billion more in federal aid, and Fannie Mae may soon ask the U.S. Treasury Department for rescue funds as well.

Freddie, which took $13.8 billion from Treasury in November, said in a securities filing yesterday that its fourth- quarter operating losses will again drive its net worth below zero. The McLean, Virginia-based company also said it settled a dispute over Washington Mutual loans with JPMorgan Chase & Co.

The request for funds comes as the Treasury faces increasing demands from U.S. financial companies, including Bank of America and Citigroup Inc., that are coping with the fallout from a slumping housing market and a deep recession that’s driving foreclosures to record levels. Treasury officials pledged in September as much as $100 billion to Fannie and Freddie each to ensure their solvency.

“Their losses are going to be much higher than anyone anticipated,” said Paul Miller, an analyst with FBR Capital Markets in Arlington, Virginia. “The more and more that people are digging into these portfolios, they’re finding out the more and more these guys were doing subprime and Alt-A loans and classifying them as prime.” Alt-A loans were made to borrowers with little or no income verification or to those with credit scores slightly above subprime.

Freddie and Washington-based Fannie are the largest sources of mortgage money in the U.S., owning or guaranteeing a combined $5.2 trillion of the $12 trillion home-loan market.

Saturday, January 24, 2009

Obama's 3 AM call is happening in Broad Daylight

Students protested a proposal by Venezuela's President Hugo Chavez to eliminate term limits which is up for vote in an upcoming Feb. 15 referendum.


On Febuary 15th Hugo Chavez will attempt to become dictator for life. He will use state funds to boost his position, he will use official and unofficial means of terror to bully his opponents, and win or lose he will bring his nation to the cusp of Civil War with the possibility of massive bloodshed. I suspect the Obama admin will publicly frown on Chavez's criminal take over (if it succeeds) but tacitly accept the transformation of Venezuela from a Democracy into a Left-Wing Dictatorship. At the very least it will make elements of the left wing of the Democratic party happy to see a country slide into state-sponsored tyranny.

FABIOLA SANCHEZ – 15 hours ago

CARACAS, Venezuela (AP) — Thousands of opponents and supporters of President Hugo Chavez took to the streets Friday as demonstrations heated up ahead of a divisive referendum in February on ending presidential term limits.

Chavez opponents, including many university students, marched peacefully against a constitutional amendment that would let the president run for re-election in 2012 and indefinitely thereafter.

Red-clad Chavez supporters demonstrated elsewhere in Caracas chanting "Ooh, Ah! Chavez isn't going away!"

Chavez told thousands of supporters in Caracas they will "knock out the squalid bourgeoisie" in the Feb. 15 vote.

The president repeated an order to police to put down student protesters if they break any laws: "Whoever blocks a road will swallow lots of (tear) gas."

Just plain disgusting, anyway his opposition is clearly not the evil wealthy that the left loves to bandy about:

Others bristled at Chavez's suggestions that only the rich oppose the amendment.

"It doesn't seem at all good to me that Chavez wants to stay in the government for his entire life," said Raiza Velasquez, a seamstress from a poor Caracas neighborhood. "That's a Venezuelan Fidel (Castro)."

Voters already rejected a package of constitutional changes in December 2007 that would have similarly lifted term limits and allowed to Chavez to run for re-election indefinitely. Some protesters carried signs reading "No means no."

So what will Obama do?

Zimbabwe: The Children Suffer


Published: January 23, 2009
MUSINA, South Africa — They bear the look of street urchins, their eyes on the prowl for useful scraps of garbage and their bodies covered in clothes no cleaner than a mechanic’s rags.

Near midnight, these Zimbabwean children can be found sleeping outside almost anywhere in this border city. A 12-year-old girl named No Matter Hungwe, hunched beneath the reassuring exterior light of the post office, said it was hunger that had pushed her across the border alone.
Her father is dead, and she wanted to help her mother and younger brothers by earning what she could here in South Africa — within certain limits, anyway. “Some men — men with cars — want to sleep with me,” she said, considering the upside against the down. “They have offered me 100 rand,” about $10
12 years old, what is there to say about that? What is the world going to do. The UN is pointless and Mbeki of South Africa is loath to do anything for fear of hurting the tyrant Mugabe. Of course it will be the youth who are destroyed by this evil leftist:
The Children are dying and fleeing from this nightmare. Sadly the prospects are bleak in their new countries:
What they are escaping is a broken country where half the people are going hungry, most schools and hospitals are closed or dysfunctional and a cholera epidemic has taken a toll in the thousands. Yet they are arriving in a place where they are unwelcome and are resented as rivals for jobs. Last year, Zimbabweans were part of the quarry in a spate of mob attacks against foreigners.

Friday, January 23, 2009

California Now Investigating Muni-Bond Scams

It never ends.

Jan. 23 (Bloomberg) -- California is investigating whether Wall Street banks and financial advisers conspired to overcharge local governments for derivative contracts tied to municipal bonds, a state official said.

The antitrust investigation, with Connecticut and Florida launching similar efforts, follows inquiries by the U.S. Justice Department and class action lawsuits by cities from Oakland to Baltimore. They claim banks and advisers cost taxpayers money by rigging bids or fixing prices on financial contracts.

The investigations center on the investments that schools, states and cities buy with the proceeds of some of the $400 billion of municipal bonds they sell annually and on the interest-rate swaps designed to guard against swings in borrowing costs, authorities have said. Financial advisers are hired to solicit bids for the investments and to determine if their government clients pay fair rates in swaps, which are unregulated instruments not traded on exchanges.

CDR's role has not been clarified, but this was mentioned:

Three advisers to local governments, CDR Financial Products Inc., Sound Capital Management Inc. and Investment Management Advisory Group Inc., were searched by the FBI in November 2006. More than a dozen banks and insurers were subpoenaed and former bankers at New York-based JPMorgan Chase & Co., Bear Stearns & Cos. and UBS AG of Zurich were advised over the past year that they may face criminal charges.
For the full Pay For Play CDR and the Democrats including what Black Box deals are click here.

Gitmo Detaine Released Became Top Al Qaeda Thug

What do people expect these guys to do? In this case our former terror prisoner launched an attack on the American Embassy that left 16 people dead after he had been released .

BEIRUT, Lebanon — The emergence of a former Guantánamo Bay detainee as the deputy leader of Al Qaeda’s Yemeni branch has underscored the potential complications in carrying out the executive order President Obama signed Thursday that the detention center be shut down within a year.

The militant, Said Ali al-Shihri, is suspected of involvement in a deadly bombing of the United States Embassy in Yemen’s capital, Sana, in September. He was released to Saudi Arabia in 2007 and passed through a Saudi rehabilitation program for former jihadists before resurfacing with Al Qaeda in Yemen.

His status was announced in an Internet statement by the militant group and was confirmed by an American counterterrorism official.

“They’re one and the same guy,” said the official, who insisted on anonymity because he was discussing an intelligence analysis. “He returned to Saudi Arabia in 2007, but his movements to Yemen remain unclear.”
And what did this "victim of Gitmo" originally arrested for?

Mr. Shihri, 35, trained in urban warfare tactics at a camp north of Kabul, Afghanistan, according to documents released by the Pentagon as part of his Guantánamo dossier. Two weeks after the terrorist attacks of Sept. 11, 2001, he traveled to Afghanistan via Bahrain and Pakistan, and he later told American investigators that his intention was to do relief work, the documents say. He was wounded in an airstrike and spent a month and a half recovering in a hospital in Pakistan.

The documents state that Mr. Shihri met with a group of “extremists” in Iran and helped them get into Afghanistan. They also say he was accused of trying to arrange the assassination of a writer, in accordance with a fatwa, or religious order, issued by an extremist cleric.
But wait, I thought Iran and Al Qaeda are arch-enemies? So much BS from the left and the Democrats.