Archive for the 'Elite' Category
Goldman Sachs May Settle for $1 Per Share, or About $621 Million
June 2nd, 2010Maybe they’ll pass the hat around and collect some pocket lint before heading out for martinis. —Goldman Set to Settle SEC Fraud Case Soon No. It’s not comedy hour on Cryptogon. Via: Bloomberg: Goldman Sachs Group Inc. will probably settle a lawsuit brought by the Securities and Exchange Commission at a cost of a little […]
U.S Launches Criminal Investigation Into Oil Spill
June 2nd, 2010Ahh, like the criminal investigations into AIG and the squid. Also: BP Collects Billions in U.S. Government Contracts Obama Biggest Recipient of BP Campaign Cash Via: The Hill: The U.S. government has launched a formal criminal and civil investigation into the oil spill in the Gulf of Mexico, Attorney General Eric Holder said Tuesday. Holder […]
German President Resigns After Comment Linking Military Deployments with Economic Interests
June 2nd, 2010It’s dangerous to take a page out of the Captain Obvious playbook when you’re a national political figure. Via: The Local: German President Horst Köhler sparked a political storm on Thursday by suggesting Germany’s military involvement in Afghanistan was partly motivated by its economic interests rather than solely to guarantee its security.
Japan’s Prime Minister Announces Resignation
June 2nd, 2010Change we can believe in, Japanese style. Via: CNN: Japanese Prime Minister Yukio Hatoyama announced Wednesday he will resign after eight months in power. “I’m going to step down,” Hatoyama declared in a live broadcast on Japanese television NHK, while addressing party members of both the upper and lower houses of the Diet, Japan’s parliament. […]
Detonating Nuclear Bomb at BP Oil Spill Site… Might Produce a Bad Result
May 31st, 2010See: Obama Sends Bomb, Mars Experts to Fix BP Oil Spill: U.S. Energy Secretary Steven Chu signaled his lack of confidence in the industry experts trying to control BP Plc’s leaking oil well by hand-picking a team of scientists with reputations for creative problem solving. Dispatched to Houston by President Barack Obama to deal with […]
How to Get a Written Apology from the U.S. Government for Being Mistakenly Added to the Terrorist No Fly List
May 31st, 2010Via: ABC News: The United States has issued a written apology to a jet-setting billionaire businessman with close ties to former President Bill Clinton whose name was added to the no-fly list in the wake of the attempted Christmas day bombing of an American passenger plane.
BP Collects Billions in U.S. Government Contracts
May 31st, 2010Via: Muckety: Daniel Gross of Slate poses the question: How do we punish BP? The options he suggests – boycotting BP products, charging for the cleanup, even nationalizing the company – are less than satisfying. Here’s another possibility: How about barring BP from the federal trough? According to USASpending.gov, BP has received more than $9 […]
Afghans Believe U.S. is Funding Taliban
May 29th, 2010NATO Forces Supplied Food, Water and Arms to Taliban Forces in Southern Afghanistan By some miracle, the article doesn’t mention opium. Via: Guardian: It’s near-impossible to find anyone in Afghanistan who doesn’t believe the US are funding the Taliban: and it’s the highly educated Afghan professionals, those employed by ISAF, USAID, international media organisations – […]
Goldman Trying To Get SEC Charge Knocked Down To “Material Omission” Instead Of Fraud
May 28th, 2010Funny how that Blankfein banner keeps coming in handy. Ok, maybe it’s not funny. Via: Business Insider: Goldman’s trying to settle with the SEC on a lesser charge than fraud, say John Gapper and Francesco Guerrera of the FT. The firm is also seeking to pay hundreds of millions of dollars in fines and damages […]
Canada Will Spend $885 Million on Security for G-8 and G-20 Summits
May 28th, 2010Via: AP: Canada’s Conservative government says the nearly $1 billion it plans to spend on security at the G-8 and G-20 summits next month is worth it. Canada has budgeted up to $930 Canadian (US$885 million) for the summits. By comparison, the stated amount spent by Pittsburgh on security for last September’s G-20 summit was […]
