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PATH: BS | Business | Corporate Welfare

Wal-Mart Pays Itself Rent To Gain Huge Tax Breaks Posted by Pile (11650 views) [E-Mail link]
Wal-Mart, the nation's largest employer and the world's biggest retailer, is regularly paying itself rent and using the transaction to decrease the taxes it pays to state governments, according to a report in this morning's Wall Street Journal.
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J.P. Morgan Accounts Prove To Be Fraud-Friendly Posted by Pile (9796 views) [E-Mail link]	[Get-Rich-Quick]
One moment Dave DeSmidt had $179,000 in his 401(k) retirement account, the next he had nothing. In an instant, 25 years of savings had disappeared. With a few clicks, someone raided DeSmidt�s retirement account with J.P. Morgan & Co and ordered a full disbursement to a private checking account.
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Iowa Farmers Make Out Like Bandits Due To Katrina Disaster Posted by Pile (8194 views) [E-Mail link]	[Environment]
When Hurricane Katrina struck New Orleans in 2005, the aftershocks rippled all the way to Iowa. Grain shipments down the Mississippi River were shut down and the price of corn plunged. While people were drowning in New Orleans, the government had systems in place to make sure farmers up north wouldn't feel the pain themselves, to the tune of billions of dollars of taxpayer money. What resulted was a virtually unprecedented flood of government cash to Iowa's farmers, triggered by the drop in prices. Iowa growers and landowners collected $2.24 billion in subsidies last year
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Where MADD's Charity Money Goes May Make You MAD Posted by Pile (13227 views) [E-Mail link]
People who donate to Mothers Against Drunk Driving are told by the charity that most of the $12 million it raises annually is spent on good works � stopping drunk driving and helping families traumatized by fatal crashes. But an investigation reveals most of the high-profile charity's money is spent on fundraising and administration, leaving only about 19 cents of each donor dollar for charitable works.
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Where Do Your Cookies Go? Posted by Pile (8488 views) [E-Mail link]
There's a lot of talk about government waste, how much taxes Americans pay, and where it goes. The problem is our political leaders aren't particularly keen on letting the public know the details of how our tax dollars are spent. Here at BSA, we've compiled a few informative videos on the issue, including an ABC report on the Pentagon losing $2.3 Trillion dollars, Ben Cohen from Ben & Jerry's discussing how tax dollars are spent in a more consumer-friendly metaphor: Oreo cookies, and an amazing web site that seeks to visualize the disbursement of government money to thousands of departments. For example, do you know that government spending in 2007 will increase the amount spent on missile defense by more than 10%, but spending on cancer research will decrease? Ask yourself: How many people do you know who have been killed by a missile, verses how many who have been killed by cancer?
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Playstation 3 Worth 12,000 Tacos? Posted by Pile (8763 views) [E-Mail link]
The latest person to go completely nuts over the latest video game console is not a person, but a corporation. Taco Bell has announced that if you're willing to donate your precious Playstation 3 to them to give a Boys & Girls club, they'll offer the generous gamer what they consider a "lifetime" worth of taco bell food (~ $12k in "taco bell bucks" -- no word about whether Angioplasty is included).
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Bush's Plan For Stopping Iraq Waste? Shut Down Oversight Office! Posted by Pile (6334 views) [E-Mail link]
A new battle is brewing in Congress over how the US government monitors the billions of dollars it spends on the reconstruction of Iraq. The Bush administration and leading Congressional Republicans are trying to close the Office of the Special Inspector General for Iraq Reconstruction. The special agency has uncovered several cases of waste and abuse, and has helped indict several American officials on charges of corruption. The termination order comes in an obscure provision attached to last month's defense authorization bill. It says the Inspector General's office must close on October 1st of next year. The language was inserted by Congressmember Duncan Hunter, a California Republican who currently leads the House Armed Services Committee.
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Bush: Soldiers Won't Pay More Than 36% Interest Posted by Pile (7843 views) [E-Mail link]
Consumer loans to service members will be limited to 36 percent annual interest next year under a law President Bush signed Tuesday that is aimed at storefront lenders clustered around military bases. And you thought our president wasn't taking care of the troops. Shame on you!
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Pastor Creates And Sells "ATMs For Jesus" Posted by Pile (6464 views) [E-Mail link]
Pastor Marty Baker preaches that the Bible is the eternal and inviolate word of God. On other church matters, he's willing to change with the times, including setting up his own for-profit venture making religious ATM machines and selling them to his own, and other churches. Now giving money to "God" is even easier than ever! "It's truly like an ATM for Jesus," Baker said. Amen.
READ MORE \| 3 comments since 2006-10-02 13:16:01 \| Comment on this Article

Top 10 Corporate Democrats-For-Hire Posted by Pile (6443 views) [E-Mail link]
The recent adoption of defeated Joe Lieberman by the Republicans has shown light on a bold breed of political prostitutes. They claim to be 'centrists,' but these D.C. Democrats -- whose corporate agendas aren't too different from Bush administration policies -- are living proof that the system needs fixing.
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A Virginia Republican's Obsession With Small Appliances Posted by Pile (6984 views) [E-Mail link]
Virginia's Republican senator George Felix Allen is a very busy guy in Congress. Is he looking into illegal wiretapping? Is he busy readying legislation to help hurricane Katrina victims? Is he working to bring our troops back home or curtail terrorism? Nope. George Allen is apparently the go-to-guy when you need to import a ton of foreign-made, plastic home appliance crap, and you want import duties lifted so your profit margin is bigger. To what extent? Read on... this is rich..
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The Art of Lying After Getting Caught Posted by Pile (10795 views) [E-Mail link]	[Pubic Relations]
When you're caught doing something horribly wrong, you could apologize... or you could hire a firm to do it for you. Faced with a Royal Commission of Inquiry into the payment of approximately $A300 million in kickbacks to Saddam Hussein's government, in breach of the United Nations' Iraq Oil-for-Food Program, the Australian wheat trader AWB Limited hired crisis management guru Peter Sandman to help it draft an apology. The Australian inquiry released e-mails between Sandman and AWB, which reveal that Sandman's proposed confessional statement was watered down by ABW's other PR adviser, Ian Smith from Gavin Anderson & Company. "The less you blame yourself, the more the public will blame you. You aren't blaming yourself nearly enough in this draft," Sandman wrote in one e-mail. Sandman's original three-page statement was eventually pared back to only one page. However, AWB executives decided not to make a public apology at all. The inquiry resumes public hearings in two weeks.
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$400M No-Bid FEMA Contracts Now Total $3.4 Billion Posted by Pile (6405 views) [E-Mail link]
Four no-bid contracts awarded by the Federal Emergency Management Agency to house Hurricane Katrina evacuees have ballooned in value from $400 million to about $3.4 billion, prompting renewed scrutiny from Congress and federal auditors.
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Will The Real Deficit Please Stand Up? Posted by Pile (6124 views) [E-Mail link]
The federal government keeps two sets of books. The set the government promotes to the public has a healthier bottom line: a $318 billion deficit in 2005. The set the government doesn't talk about is the audited financial statement produced by the government's accountants following standard accounting rules. It reports a more ominous financial picture: a $760 billion deficit for 2005. If Social Security and Medicare were included � as the board that sets accounting rules is considering � the federal deficit would have been $3.5 trillion.
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Lawyers Make Out Like Bandits In Google Clickfraud Settlement Posted by Pile (8796 views) [E-Mail link]
An Arkansas judge on Thursday approved a $90 million settlement between Google and its advertisers who claimed the leading Internet search company improperly billed them for fraudulent "clicks" on their ads. "Victims" of the fraud get "credits"; the lawyers walk away with $30,000,000.00.
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Buggy Software Costs Government $12B Annually Posted by Pile (8373 views) [E-Mail link]	[Faulty Products]
Every year the Government Accountability Office issues a report that gives a brief summary of the status of major weapons acquisition programs. And every year the reports say that many, if not most, of those acquisition programs are experiencing cost overruns and schedule delays in their software development segments. The problem is huge. In fiscal 2006, the Defense Department will spend as much as $12 billion on reworking software - 30 percent of its estimated budget of $40 billion for research. There you have it. Is the United States spending taxpayer money to develop the next generation stealth fighter or anti-missile technology? Nope, they're probably trying to keep their F18s' software from crashing.
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Red Cross Donors' Security Compromised; Claims No Big Deal Posted by Pile (6397 views) [E-Mail link]
Darren Irby, spokesman for the national American Red Cross says, "We haven't viewed this as a security breach at this point." What would you call it when a laptop containing personal information from thousands of blood donors - including Social Security numbers, sexual and disease history and medical information - was stolen from a local office of the American Red Cross? Sounds like a security breach to me.
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R.J. Reynolds' Non-Smoker Protection Act Posted by Pile (7929 views) [E-Mail link]
You figure a proposed law called The Arizona Non-Smoker Protection Act would have something to do with curtailing smoking right? Especially if this bill was promoted by a group called the Non-Smoker Protection Committee. Then again, when R.J. Reynolds is behind the whole scheme, giving loads of money to shill businessmen to promote this "Non-Smoker Protection Act" it just might turn out to be some legislation designed to reinstate smoking all over the place and limit municipalities from putting restrictions on smoking.
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Autonomy of the Internet at Stake Posted by Pile (8466 views) [E-Mail link]
Congress is pushing a law that would abandon the Internet's First Amendment -- a principle called "Network neutrality" that prevents companies like AT&T, Verizon and Comcast from deciding which Web sites work best for you -- based on what site pays them the most. Your local library shouldn't have to outbid Barnes & Noble for the right to have its Web site open quickly on your computer. Net Neutrality allows everyone to compete on a level playing field and is the reason that the Internet is a force for economic innovation, civic participation and free speech. If the public doesn't speak up now, Congress will cave to a multi-million dollar lobbying campaign by telephone and cable companies that want to decide what you do, where you go, and what you watch online. This isn't just speculation -- we've already seen what happens elsewhere when the Internet's gatekeepers get too much control. Last year, Canada's version of AT&T -- Telus -- blocked their Internet customers from visiting a Web site sympathetic to workers with whom Telus was negotiating. And Shaw, a major Canadian cable company, charges an extra $10 a month to subscribers who dare to use a competing Internet telephone service. Please let people know - this is serious! update Telecommunications giants scored a victory over Net Neutrality advocates in the U.S. legislature yesterday as the proposed "Markey Amendment," a provision to prevent Internet providers from creating access chokepoints was voted down in the House of Representatives.
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Bush Suspends Environmental Regulations; Cites High Prices Posted by Pile (6141 views) [E-Mail link]
As if we're living in some kind of bizarro world, GW Bush today announced that he is suspending environmental regulations regarding air standards and pollution as some sort of means to address increasing fuel prices. So now we get more pollution, and the claim is this will reduce gas prices? Anyone actually believe this?? DailyKOS says, "Is anyone else detecting a pattern here? In the wake of Katrina, Bush suspends prevailing wage laws. In the aftermath of 9/11, Bush basically suspends the Fourth Amendment and, at Gitmo, the right to a fair trial. There is no tragedy, crisis or concern in this country that will go unmet by this administration ... with a boon to cronies or a bolstering of executive power."
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