Top Iraq Contractor Skirts U.S. Taxes Offshore
March 7th, 2008Via: Boston Globe:
Kellogg Brown & Root, the nation’s top Iraq war contractor and until last year a subsidiary of Halliburton Corp., has avoided paying hundreds of millions of dollars in federal Medicare and Social Security taxes by hiring workers through shell companies based in this tropical tax haven.
More than 21,000 people working for KBR in Iraq – including about 10,500 Americans – are listed as employees of two companies that exist in a computer file on the fourth floor of a building on a palm-studded boulevard here in the Caribbean. Neither company has an office or phone number in the Cayman Islands.
Cryptogon Readers Sign Up for Hosting with BlueHost
March 7th, 2008Thanks to the owners of bamboodev.com and freigeistforum.com for signing up for hosting with BlueHost. Cryptogon received $130!
What I Learned in Jail Last Night
March 7th, 2008I think the point is to get as many people onto the electronic plantation as possible. Will the girl have trouble entering another country now? You know, now that she has been arrested for drinking a beer wrapped in a paper bag?
Via: Gawker:
As I was led through the subway station in handcuffs Tuesday night, a young girl called after me, “Oooh, undercover got you, didn’t they? What you did, ma?” Good question! All I did was drink a beer from a paper bag while waiting for the F train. Trashy habit, and technically illegal, but who cares, right? In fact, the NYPD cares very much. What followed was twenty-four hours in two jails, hours in handcuffs, and eventual dismissal in that three-ring circus known as Night Court. Everything I need to know about life, I learned in the female prisoner holding pen in the Tombs.
National Dragnet Is a Click Away
March 6th, 2008Ministry of Pre-Crime and Magic 8 Ball Affairs.
Via: Washington Post:
The expanding police systems illustrate the prominent roles that private companies play in homeland security and counterterrorism efforts. They also underscore how the use of new data — and data surveillance — technology to fight crime and terrorism is evolving faster than the public’s understanding or the laws intended to check government power and protect civil liberties, authorities said.
Three decades ago, Congress imposed limits on domestic intelligence activity after revelations that the FBI, Army, local police and others had misused their authority for years to build troves of personal dossiers and monitor political activists and other law-abiding Americans.
Since those reforms, police and federal authorities have observed a wall between law enforcement information-gathering, relating to crimes and prosecutions, and more open-ended intelligence that relates to national security and counterterrorism. That wall is fast eroding following the passage of laws expanding surveillance authorities, the push for information-sharing networks, and the expectation that local and state police will play larger roles as national security sentinels.
Law enforcement and federal security authorities said these developments, along with a new willingness by police to share information, hold out the promise of fulfilling post-Sept. 11, 2001, mandates to connect the dots and root out signs of threats before attacks can occur.
Home Foreclosures Hit Record High
March 6th, 2008We’re just getting into the momentum phase now. The ARM resets peak this month. I’m thinking that more and more people will lose their homes at least until September. The end of 2008 is going to be very ugly.
Via: AP:
Home foreclosures soared to an all-time high in the final quarter of last year, underscoring the suffering of distressed homeowners and the growing danger the housing meltdown poses for the economy.
The Mortgage Bankers Association, in a quarterly snapshot of the mortgage market released Thursday, said the proportion of all mortgages nationwide that fell into foreclosure shot up to a record high of 0.83 percent in the October-to-December quarter. That surpassed the previous high of 0.78 percent set in the prior quarter.
“Clearly it’s the worst it’s been,” chief association economist Doug Duncan said in an interview with The Associated Press.
More homeowners — at the same time — fell behind on their monthly payments.
The delinquency rate for all mortgages climbed to 5.82 percent in the fourth quarter. That was up from the 5.59 percent in the third quarter and was the highest since 1985. Payments are considered delinquent if they are 30 or more days past due.
Homeowners with tarnished credit who have subprime adjustable-rate loans were the hardest hit. Foreclosures and late payments for these borrowers also swelled to all-time highs in the fourth quarter.
The percentage of subprime adjustable-rate mortgages that entered the foreclosure process soared to a record of 5.29 percent in the fourth quarter. That was up from 4.72 percent in the prior quarter, which had marked the previous high. Late payments skyrocketed to a record high of 20.02 percent in the fourth quarter, up from 18.81 percent — the previous high — in the third quarter.
The association’s survey covers almost 46 million home loans nationwide.
The worsening foreclosure and late payment figures come as fears grow that the country is teetering on the edge of a recession or in one already.
The wave of foreclosures threatens to deepen the already severely depressed housing market. The homes people are forced out of add to the big glut of unsold homes already on the market. That forces even more cutbacks by homebuilders, taking a big bite out of national economic activity. Harder-to-get credit, meanwhile, has thwarted would-be home buyers, aggravating problems in the housing market.
U.S. Army Recruting Office Bombed in New York City
March 6th, 2008Via: CNN:
Authorities are searching for a man on a bicycle as a possible suspect in the Thursday bombing at a military recruiting station in Times Square, investigators said.
The blast, around 3:45 a.m., caused no injuries, officials said.
A witness and an officer at a police substation just steps away from the recruiting office saw a man riding a bicycle, Police Commissioner Ray Kelly said at a news conference.
They did not see the man’s face, but he was wearing a backpack, he said.
The bomb consisted of some kind of “low order explosive” contained in a military-style ammunition box, Kelly said.
“This was not a particularly sophisticated device,” he said.
No one saw the device being placed, and no one has taken responsibility for the attack, Mayor Michael Bloomberg said.
“Whoever the coward was that committed this disgraceful act on our city will be found and prosecuted to the full extent of the law,” Bloomberg said.
Authorities were reviewing tapes from security cameras, but the process “will take many hours,” the mayor said.
The recruiting office, one of the nation’s busiest, has been the site of periodic anti-war protests, The Associated Press reported.
“If it is something that’s directed toward American troops, then it’s something that’s taken very seriously and is pretty unfortunate,” Army Capt. Charlie Jaquillard, commander of Army recruiting in Manhattan, told AP.
“The fact that this appears deliberately directed at the recruiting station insults every one of our brave men and women in uniform stationed around the world fighting to defend our freedoms and the things we hold so dear,” Bloomberg said.
Viktor Bout Arrested in Thailand
March 6th, 2008Via: CNN:
For years, Russian arms dealer Viktor Bout has made millions of dollars allegedly delivering weapons and ammunition to warlords and militants. Officials believe many of his activities may be illegal, and on Thursday, Thai police announced his arrest.
Authorities say Viktor Bout, seen in this 2002 image, has sold arms to al Qaeda and the Taliban.
Bout, 41, has made his deliveries to Africa, Asia and the Mideast, using obsolete or surplus Soviet-era cargo planes.
A formal announcement on his arrest is expected later in the day in New York.
He was picked up in Bangkok but neither police nor U.S. Embassy spokeswoman Cynthia Brown had details on his arrest.
“We can confirm he has been arrested in Bangkok, and we congratulate the Thai authorities on making this arrest,” Brown said.
Intelligence agencies around the world have tracked Bout for years. While some of his work has been legitimate, most has not.
The U.S. Drug Enforcement Administration has a warrant for Bout’s arrest, and the United States could request extradition, but the details are still being worked out, a U.S. government official told CNN.
According to U.S. officials, Bout — a former Soviet air force officer who speaks multiple languages — has what is reputed to be the largest private fleet of Soviet-era cargo aircraft in the world.
Bout acquired the planes shortly after the breakup of the Soviet Union, the U.S. Department of Treasury said in 2005.
At that time, the U.S. Treasury announced it was freezing the assets of Bout and his associates who are all tied to former Liberian President Charles Taylor. Taylor is currently on trial at the United Nations War Crimes Tribunal at The Hague.
Intelligence officials said he shipped large quantities of small arms to civil wars across Africa and Asia, often taking diamonds in payment from West African fighters.
British intelligence officials found evidence in Afghanistan that Bout had shipped arms to the Taliban and al Qaeda, as well as circumstantial evidence that he shipped weapons technology into Iraq.
And the U.S. government said it received information that Bout profited $50 million from supplying the Taliban with military equipment when they ruled Afghanistan.
Bout — who is said to be the inspiration for Nicholas Cage’s character in the movie, “Lord of War” — told CNN in an interview in 2002 that he never sold arms to the Taliban or the al Qaeda terrorist network. He also denied providing weapons and missile guidance technology to Iraq.
Bout said his air transport company is legitimate, and he ferried a variety of cargo to Africa and to Afghanistan since 1992.
He denied any of it was done illegally and also denied he was paid in so-called “blood diamonds” from Africa.
Pakistan: Millions Without Electricity in Karachi Over Unpaid Bill
March 6th, 2008Unpaid power bill of half a billion dollars.
Via: AFP:
A row over unpaid bills sparked a huge power blackout in Pakistan’s biggest city that left most of Karachi’s 12 million residents without electricity, officials said Thursday.
The outage came after Pakistan’s main power utility accused the electricity company supplying the southern port of refusing to settle debts of more than half a billion dollars.
It affected bazaars, businesses and homes in the normally bustling economic hub and caused huge traffic jams as signals went out of order, witnesses said.
“KESC (Karachi Electric Supply Co.) owes 34.8 billion rupees (548 million dollars) to us, which they have avoided paying for many months,” said Tahir Bisharat Cheema, the director general of the supply and management wing of the country’s Water and Power Development Authority (WAPDA).
He said the company only repaid 250 million rupees despite weekly reminders “to which they never replied.”
“We sent them a final reminder on Wednesday and informed them that we would stop supplying electricity if the longstanding dues were not paid,” Cheema told AFP.
Karachi has a history of frequent powercuts, but they usually only affect certain districts for a few hours at a time. Many businesses have generators, but private households rarely do.
“We have got a small generator for our house but it has proved highly expensive today because we don’t know when power is going to come back,” said Gulzar Ahmed, who lives in the middle class Liaquatabad neighbourhood.
The city’s power company said supplies were returning to about a third of the city later Thursday but accused the national utility of failing to warn it about the shutoff.
“They suddenly stopped supplying 300 megawatts to Karachi at 8am and the power supply fell to virtually zero,” KESC spokesman Sultan Hassan told AFP.
“KESC staff are making efforts to restore electricity supply but it needs WAPDA supplies resumed first” he said.
Pakistan suffered major outages earlier this year — even in the normally well-supplied capital Islamabad — which authorities blamed on a lack of water for hydropower facilities.
Run from the Cure: Concentrated, Full THC Hemp Oil Reportedly Cures Cancer and Other Diseases
March 6th, 2008Run from the Cure is an astonishing little documentary. I have no first hand experience with this, nor do I know anyone who has tried it. The documentary, however, is very compelling and fits in with familiar alternative health themes on Cryptogon. Check it out for yourself and make up your own mind!
My favorite part is that the lead researcher-activist-healer, Rick Simpson, was giving the concentrated oil away for free. All he cares about is helping people who are in pain, dying, suffering, etc. Well, you can guess what happened…
I strongly recommend checking this out.
RUN FROM THE CURE – The Rick Simpson Story (7-Part Series)
HEMP OIL IS NOT THE SAME AS “HEMP SEED OIL”. Although hemp seed oil is extremely nutritious, it does not contain the high concentrations of THC needed to cure cancers.
The true story of hemp, as told by Rick Simpson, the man who cured cancer with hemp oil. Please visit www.phoenixtears.ca for a vast collection of hemp research and hidden truth about “the miracle medicine”!
I have worked closely with Mr. Rick Simpson on the documentary RUN FROM THE CURE: The Rick Simpson Story for several months, and I can tell you that you will never meet a more honest and caring man in your lifetime than Ricky Logan Simpson. He is a true Canadian Hero!
Please feel free to promote this video for the good of all mankind – it seems the best things in life might really be free after all. —Christian Laurette
Main Site: Phoenix Tears
Documentary Torrent: Run from the Cure
Oil Advances to Record $105.96 as Dollar Drops to All-Time Low
March 6th, 2008Via: Bloomberg:
Crude oil rose to a record $105.96 a barrel in New York as the U.S. dollar fell to its lowest ever against the euro.
Gold and copper also advanced to all-time highs as the sinking dollar made commodities priced in the U.S. currency cheaper. Oil closed at a record yesterday after OPEC refrained from raising production yesterday and U.S. crude inventories fell for the first time in eight weeks.
…
The euro climbed to $1.5345, the highest level since the single currency’s debut in 1999, on speculation the European Central Bank will hold its key interest rate at a more than six- year high as the Federal Reserve keeps cutting its benchmark rate.


