PATH: BS | Business | Corporate Welfare

Iraq Government Wants Blackwater Out Of The Country

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[Military]
The Iraqi government said it would suspend the license of Blackwater, probably the most famous among the armies of private security contractors working inside Iraq, after an incident in central Baghdad in which government officials allege eight civilians were killed. The incident looks certain to rekindle the controversy of the wide role given to the contractors in the Iraq war, with critics saying that they operate outside the sorts of legal oversight and codes of conduct that restrict the behavior of soldiers in war zones.

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US "Invests In Peace" In Israel Via $30B Arms Deal

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US Undersecretary of State Nicholas Burns has signed a deal that will provide Israel with $30bn of military aid over the next 10 years.

The Israeli prime minister, Ehud Olmert, has said the aid will preserve his country's military advantage over other countries in the Middle East [while being the pawn in an elaborate kickback scheme to politically-connected American companies who profit from the Middle Eastern conflict.]

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Taxpayers/Government Get "Screwed" for more than $20M

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A small South Carolina parts supplier collected about $20.5 million over six years from the Pentagon for fraudulent shipping costs, including $998,798 for sending two 19-cent washers to a Texas base, U.S. officials said.

The company also billed and was paid $455,009 to ship three machine screws costing $1.31 each to Marines in Habbaniyah, Iraq, and $293,451 to ship an 89-cent split washer to Patrick Air Force Base in Cape Canaveral, Florida, Pentagon records show.

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Time-Warner Rewrites USPS Postal Rules and Rates

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For the first time ever in the history of the US, The Postal Regulatory Commission ignored a plan by the US Postal Service in favor of a rate-increase plan submitted by an outside corporation: Time-Warner, which involves a super-complicated scheme to allow their own publications to avoid paying higher postage, while sticking it to smaller publishers.

Go democracy!

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Court Confirms Katrina Damage Was Not "An Act Of God"

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Hurricane Katrina victims whose homes and businesses were destroyed when floodwaters breached levees in the 2005 storm cannot recover money from their insurance companies for the damages, a federal appeals court ruled Thursday.

While insurance may cover some "acts of God," the insurance industry had enough fine print to invalidate claims of flooding due to negligence on the part of the Army Corps of Engineers, which led to the majority of the city's destruction, and therefore, victims were not qualified to be covered under their insurance policies.

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Bush Wants To Sell Saudis $20 Billion Worth of Weapons

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Having not completely pinned the Irony and Incompetency meter, the Bush administration this week is pushing for Congress to approve the sale of $20B worth of arms to Saudi Arabia. You know, the Saudi Arabia that supplied 15 of the 19 men who crashed planes on 9/11. Yea, that Saudi Arabia.

The proposed package of advanced weaponry for Saudi Arabia includes state-of-the-art satellite-guided bombs, upgrades to its fighters and new naval vessels.

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The US Government Gave $1.1 Billion To Dead Farmers

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First they paid farmers to farm.

Then they paid farmers not to farm.

Then they took another step by paying non-farmers not to farm.

And just when you thought they´d run out of ideas, here comes the logical conclusion: Agricultural subsidies for the dead.

The U.S. Department of Agriculture distributed $1.1 billion over seven years to the estates or companies of deceased farmers and routinely failed to conduct reviews required to ensure that the payments were properly made, according to a government report.

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Chinese Toothpaste: Better For Your Car Than Your Teeth?

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The government warned consumers on Friday to avoid using toothpaste made in China because it may contain a poisonous chemical used in antifreeze.

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Sicko Opens Today, Michael Moore Responds To Critics

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[Movies]
As Michael Moore's new movie, "Sicko" opens today, all sorts of things are flying, from rumors that the Feds are going after the people whom he took to Cuba, to an interesting exchange in front of the NYSE, and we have the video, where Michael Moore, on the steps of the New York Stock Exchange talks about how to improve healthcare, urges fund managers to stop investing in companies that profit from denying people healthcare, and responds to critics of the movie's details.

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Has Dick Cheney Become Colnel Kurtz From "Apocalypse Now?"

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If you've seen the movie "Apocalypse Now" or read Joseph Conrad's book, "Heart of Darkness," you might be experiencing deja vu when seeing the antics of Dick Cheney and the Bush White House. It seems Cheney has definitely "gotten off the boat" and the White House is running its own little nation-within-a-nation that exists in a vaporous netherworld between the Executive, Judicial, and Legislative branches.

The news media is finally perking up and digging deeper into the enigma that is the Vice President of the United States. It seems Dick Cheney claims he's not part of the Executive branch of the government, won't tell anybody what he does, who he sees, or even who is on his payroll...

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