|
|
|
;-) |
Government News, US American GOV News, Federal Government News |
|
|
|
A-Z Art / Museums Books+ BusinessNews Censorship Comics / Links ComputerNews Consumer Dictionaries Directories Education Energy Entertainment Environment FIND Free-Speech Genealogy Government.gov Guides Health Medical History Humor I.P. Intellectual Property Intelligence Labor Language Law / Legal >Law Enforcement Library Links Linux Maps Media Military Music & MP3s NET / WEB NEWS-STAND NoteWorthy Nuclear Opinion Parents People Politics Privacy Radio/ Online Reference Science & Tech Search/Engines >SpecialEngines Seniors Space Sports Terrorism Travel TV /Channels U.S. Vocabulary Weather Webcasting Women World UnitedStates News: Alabama News Alaska News Arizona News Arkansas News California News Colorado News Connecticut News Delaware News Florida News Georgia News Hawaii News Idaho News Illinois News Indiana News Iowa News Kansas News Kentucky News Louisiana News Maine News Maryland News Massachusetts News Michigan News Minnesota News Mississippi News Missouri News Montana News Nebraska News Nevada News New Hampshire News New Jersey News New Mexico News New York News North_Carolina News North Dakota News Ohio News Oklahoma News Oregon News Pennsylvania News Rhode Island News South_Carolina News South Dakota News Tennessee News Texas News Utah News Vermont News Virginia News Washington News West Virginia News Wisconsin News Wyoming News CLONING NEWS STEM CELL NEWS ENRON NEWS MICROSOFT NEWS |
GOVERNMENT News:"FDIC Warns of More Bank Troubles: The Government Insures Depositors When Banks Fail, But Does It Have Enough Cash?" ... "The health of U.S. banks is quickly deteriorating, and the government fund set up to protect depositors might not have enough money to insure everybody, analysts told ABCNews.com." ... "The Federal Deposit Insurance Corporation, or FDIC, insures bank deposits of up to $100,000 at nearly 8,500 of the nation's banks and also keeps a watch list of banks that it considers in trouble." ... "At the beginning of the year, 90 banks were on the FDIC watch list. There are now 117, FDIC chairwoman Sheila C. Bair announced at a news conference this afternoon. That is the highest number in five years, but some analysts expect the list to grow even more in coming months." ... ""I think there's going to be a steady drip, drip, drip of bad news," said Sean Ryan, a banking analyst with Sterne Agee. "We've only seen the very tip of the iceberg in terms of bank failures."" ... "The FDIC, created in 1933 during the Great Depression to help restore the public's confidence in the nation's banking system, receives no federal tax dollars and is funded through the institutions that it insures. Currently it has $50.2 billion set aside to cover bank failures, nearly 20 percent of which is likely to be depleted in the IndyMac insurance payback alone." (1, 2, 3) -By Scott Mayerowitz -ABCNEWS.com "No Crisis Is Immune From Exploitation Under Bush." ... [By HILLARY RODHAM CLINTON:] "Tucked away on the Cayman Islands sits Ugland House, an unassuming, nondescript building of modest scale and size. However, according to a recent report by the Government Accountability Office (GAO), this five-story office building is home to more than 18,000 corporate entities, nearly half of which have U.S. [United States] ties." ... "In the past few years, the number of corporations flocking to places like the Cayman Islands to evade U.S. taxes has exploded. One of these companies, [Republican Vice President Dick Cheney's] former Halliburton subsidiary KBR, has used offshore tax havens to avoid paying hundreds of millions of dollars in federal taxes. To no one's surprise, instead of cracking down on KBR, the [Republican President] Bush administration has rewarded the company in April of this year with a 10-year, $150 billion contract in Iraq." ... "There appears to be no crisis, tragedy or disaster immune from exploitation under the Bush administration. The examples of the waste, fraud and abuse are legion -- from KBR performing shoddy electrical work in Iraq that has resulted in the electrocution of our military personnel according to Pentagon and Congressional investigators, to the firing of an Army official who dared to refuse a $1 billion payout for questionable charges to the same company. In another scam, the Pentagon awarded a $300 million contract to AEY, Inc. [Incorporated], a company run by a 22-year-old who fulfilled an ammunition deal in Afghanistan by supplying rotting Chinese-made munitions to our allies." ... "But the fraud and waste are not limited to the war. In the weeks after Hurricane Katrina, for example, FEMA [Federal Emergency Management Agency] awarded a contract worth more than $500 million for trailers to serve as temporary housing. The contractor, Gulf Stream, collected all of its money even though they knew at the time that its trailers were contaminated with formaldehyde." ... "While touting fiscal responsibility, [Republican] President Bush and his administration have lined the pockets of political cronies like Halliburton and Blackwater. While calling for earmark reform, the president has allowed no-bid and questionable contracting throughout the federal government to dwarf earmark spending by a 10-to-1 ratio." -By Hillary Rodham Clinton -WSJ.com "Author claims White House knew Iraq had no WMD: Journalist Ron Suskind says [Republican President] Bush ordered forgery linking Saddam, al-Qaeda." ... "President Bush committed an impeachable offense by ordering the CIA [Central Intelligence Agency] to to manufacture a false pretense for the Iraq war in the form of a backdated, handwritten document linking Saddam Hussein and al-Qaeda, an explosive new book claims." ... "The charge is made in “The Way of the World: A Story of Truth and Hope in an Age of Extremism” by Pulitzer Prize-winning journalist Ron Suskind, released today." ... "Suskind says he spoke on the record with U.S. [United States] intelligence officials who stated that Bush was informed unequivocally in January 2003 that Saddam had no weapons of mass destruction. Nonetheless, his book relates, Bush decided to invade Iraq three months later — with the forged letter from the head of Iraqi intelligence to Saddam bolstering the U.S. [United States] rationale to go into war." ... "“It was a dark day for the CIA,” Suskind told TODAY co-host Meredith Vieira on Tuesday. “It was the kind of thing where [the CIA] said, ‘Look, this is not our charge. We’re not here to carry forth a political mandate — which is clearly what this was — to solve a political problem in America.’ And it was a cause of great grievance inside of the agency.”" ... "The author writes that Bush’s action is “one of the greatest lies in modern American political history” and suggests it is a crime of greater impact than Watergate." ... "The letter" ... "On page 371 of “The Way of the World,” Suskind describes the [Republican President Bush's] White House’s concoction of a forged letter purportedly from the hand of [Iraqi intelligence chief Tahir Jalil] Habbush to Saddam Hussein to justify the United States’ decision to go to war." ... "CIA officers [Bob] Richer and John Maguire, who oversaw the Iraq Operations Group, are both on the record in Suskind’s book confirming the existence of the fake Habbush letter." -By Bob Considine -MSNBC "Book says White House ordered forgery." ... "A new book by the author Ron Suskind claims that the White House ordered the CIA [Central Intelligence Agency] to forge a back-dated, handwritten letter from the head of Iraqi intelligence to Saddam Hussein." ... "Suskind writes in “The Way of the World,” to be published Tuesday, that the alleged forgery – adamantly denied by the White House – was designed to portray a false link between Hussein’s regime and al Qaeda as a justification for the Iraq war." ... "Suskind writes in his new book that the order to create the letter was written on “creamy White House stationery.” The book suggests that the letter was subsequently created by the CIA and delivered to Iraq, but does not say how." ... "The author claims that such an operation, part of “false pretenses” for war, would apparently constitute illegal White House use of the CIA to influence a domestic audience, an arguably impeachable offense." ... "Suskind writes that the White House had “ignored the Iraq intelligence chief’s accurate disclosure that there were no weapons of mass destruction in Iraq – intelligence they received in plenty of time to stop an invasion." ... "“They secretly resettled him in Jordan, paid him $5 million – which one could argue was hush money – and then used his captive status to help deceive the world about one of the era’s most crushing truths: that America had gone to war under false pretenses,” the book says." ... "Suskind writes that the forgery “operation created by the White House and passed to the CIA seems inconsistent with” a statute saying the CIA may not conduct covert operations “intended to influence United States political processes, public opinion, policies or media.”" ... "“It is not the sort of offense, such as assault or burglary, that carries specific penalties, for example, a fine or jail time,” Suskind writes. “It is much broader than that. It pertains to the White House’s knowingly misusing an arm of government, the sort of thing generally taken up in impeachment proceedings.”" -By Mike Allen -Politico.com "Fewest Treasury Traders Since 1960 Hit Taxpayers (Update4)." ... "For the first time since 1960, when it created the network of securities firms obligated to buy and sell Treasury bonds, the U.S. government has the fewest bond traders making markets in its debt and a bigger burden for American taxpayers financing record federal deficits." ... "The number of so-called primary government securities dealers declined to 19 last month when Bank of America Corp., based in Charlotte, North Carolina, acquired the troubled Countrywide Financial Corp. The sale was the climax of dozens of bank failures, triggered by the biggest decline in residential real estate since the Great Depression and the seizing up of credit markets from New York to London [United Kingdom's capital]. The Federal Reserve Bank of New York, the agent of the U.S. Treasury, plans to shrink the dealers again when JPMorgan Chase & Co. completes its takeover of Bear Stearns Cos." ... "The paucity of primary dealers coincides with the largest borrowing requirement in American history and the acknowledgment by the administration of [Republican] President George W. Bush that the U.S. will finance a budget deficit totaling a record $482 billion next year. When the dealer system began 48 years ago with 18 firms, the U.S. had a $300 million surplus. The group has shrunk from a peak of 46 in 1988. " -By Sandra Hernandez -Bloomberg "Bush to leave a record budget deficit of $482 billion: [Republican President Bush] White House officials say the economy and a bipartisan stimulus package caused the worsening picture for 2009, but Democrats blame Bush's tax cuts and fiscal management." ... "Democrats on Capitol Hill blamed the revised deficit figures on Bush's large tax cuts and freewheeling spending." ... ""If we gave Olympic medals for fiscal irresponsibility, President Bush would take the gold, the silver and the bronze, because he's got the three highest record deficits ever," said [South Dakota Democratic Senator] Sen. Kent Conrad (D-S.D.), chairman of the Senate Budget Committee. "He sets records in every single category: 2009 would be the gold; 2004 the silver; 2008 the bronze."" ... "[South Carolina Democratic Representative] Rep. John M. Spratt Jr. (D-S.C.) noted that Bush inherited a budget surplus from his Democratic predecessor, so the blame for the poor fiscal performance rests with him." ... ""Mr. Bush came to office with the biggest surpluses in history and he will leave office with the biggest deficit in history. That's the bottom line," said Spratt, chairman of the House Budget Committee." -By Maura Reynolds -LAtimes "Tennessee church shooter angry at "liberals"." ... "A man [Jim Adkisson] who opened fire inside a church, killing two people with a shotgun hidden in a guitar case, was frustrated at being unable to find a job and blamed liberals and gays, police said on Monday." ... ""It appears that what brought him to this horrible event was his lack of being able to obtain a job, his frustration over that, and his stated hatred of the liberal movement," Knoxville [Tennessee] Police Chief Sterling Owen told reporters of Sunday's incident at Tennessee Valley Unitarian Universalist Church." ... "Suspect Jim Adkisson...." ... "... described his violent plans in a four-page letter found at his home, which also explained that his age and "liberals and gays" taking jobs had worked against him." ... "Another recent setback was that Adkisson's allotment of government-issued food stamps had been reduced, Owen said." -By Andrew Stern with contributions by Michael Conlon and Jackie Frank -Reuters via -IHT.com "Clinton vows to fight "insulting" abortion plan." ... "A [Republican President] Bush administration plan to define several widely used contraception methods as abortion is a "gratuitous, unnecessary insult" to women and faces tough opposition, [New York Democratic Senator] Sen. Hillary Clinton said on Friday." ... "The former Democratic presidential candidate joined family planning groups to condemn the proposal that defines abortion to include contraception such as birth control pills and intrauterine devices." ... "It would cut off federal funds to hospitals and states where medical providers are obligated to offer legal abortion and contraception to women." ... ""We will not put up with this radical, ideological agenda to turn the clock back on women's rights," the New York senator told a joint news conference with New York [Democratic Representative] Rep. Nita Lowey, also a Democrat, at Bellevue Hospital." ... ""Women would watch their contraceptive coverage disappear overnight," said Clinton." (1, 2) -By Michelle Nichols with contributions by Ellen Wulfhorst and Eric Beech -Reuters "My Plan for Iraq." [By 2008 Election Democratic Presidential Canidate Barack Obama] ... "The call by Prime Minister Nuri Kamal al-Maliki for a timetable for the removal of American troops from Iraq presents an enormous opportunity. We should seize this moment to begin the phased redeployment of combat troops that I have long advocated, and that is needed for long-term success in Iraq and the security interests of the United States." ... "The differences on Iraq in this campaign are deep. Unlike [2008 Election Republican Senator and Arizona] Senator John McCain, I opposed the war in Iraq before it began, and would end it as president. I believed it was a grave mistake to allow ourselves to be distracted from the fight against Al Qaeda and the Taliban [in Afghanistan] by invading a country [Iraq] that posed no imminent threat and had nothing to do with the 9/11 attacks. Since then, more than 4,000 Americans have died and we have spent nearly $1 trillion. Our military is overstretched. Nearly every threat we face — from Afghanistan to Al Qaeda to Iran — has grown." ... "In the 18 months since [Republican] President Bush announced the surge, our troops have performed heroically in bringing down the level of violence. New tactics have protected the Iraqi population, and the Sunni tribes have rejected Al Qaeda — greatly weakening its effectiveness." ... "But the same factors that led me to oppose the surge still hold true. The strain on our military has grown, the situation in Afghanistan has deteriorated and we’ve spent nearly $200 billion more in Iraq than we had budgeted. Iraq’s leaders have failed to invest tens of billions of dollars in oil revenues in rebuilding their own country, and they have not reached the political accommodation that was the stated purpose of the surge." ... "The good news is that Iraq’s leaders want to take responsibility for their country by negotiating a timetable for the removal of American troops. Meanwhile, Lt. Gen. [Lieutenant General] James Dubik, the American officer in charge of training Iraq’s security forces, estimates that the Iraqi Army and police will be ready to assume responsibility for security in 2009." ... "Only by redeploying our troops can we press the Iraqis to reach comprehensive political accommodation and achieve a successful transition to Iraqis’ taking responsibility for the security and stability of their country. Instead of seizing the moment and encouraging Iraqis to step up, the Bush administration and Senator McCain are refusing to embrace this transition — despite their previous commitments to respect the will of Iraq’s sovereign government." ... "Ending the war is essential to meeting our broader strategic goals, starting in Afghanistan and Pakistan, where the Taliban is resurgent and Al Qaeda has a safe haven. Iraq is not the central front in the war on terrorism, and it never has been. As Adm. [Admiral] Mike Mullen, the chairman of the Joint Chiefs of Staff, recently pointed out, we won’t have sufficient resources to finish the job in Afghanistan until we reduce our commitment to Iraq." ... "As president, I would pursue a new strategy, and begin by providing at least two additional combat brigades to support our effort in Afghanistan. We need more troops, more helicopters, better intelligence-gathering and more nonmilitary assistance to accomplish the mission there. I would not hold our military, our resources and our foreign policy hostage to a misguided desire to maintain permanent bases in Iraq. " -By Barack Obama -NYTimes "Cowdery indicted on two corruption charges." ... "The federal indictment filed today against state [Alaska state Republican Senator] Sen. John Cowdery revolves around the oil tax legislation pushed so hard by Veco Corp. [Corporation] and its executives in 2006." ... "The Anchorage Republican is charged with conspiracy and bribery, accused of scheming with Veco executives to win over another senator in the battle for the tax favored by North Slope oil producers." ... "According to the 16-page indictment, Cowdery and others conspired to give the other state senator $25,000, characterized as campaign contributions." ... "[Veco chief executive Bill] Allen and Veco vice president Rick Smith have pleaded guilty to bribing legislators, including Cowdery, to push through a version of an oil tax favored by North Slope producers." ... "Two former legislators, [Republican] Pete Kott of Eagle River [Alaska] and [Republican] Vic Kohring of Wasilla [Alaska], are serving federal prison sentences after being convicted of corruption charges related to the push for the tax. A third former legislator, [Republican] Bruce Weyhrauch of Juneau [Alaska's capital], was indicted too and is awaiting trial while courts consider an appeal on what evidence can be heard." -By Lisa Demer -ADN.com "When Alaska's Young needed help, lobbyists ponied up." ... "Facing bad publicity and a dwindling campaign account, [United States Alaska Republican Representative] U.S. Rep. Don Young last year turned to the "AK Wolfpack," a group of more than 20 lobbyists, including former Young staffers and retired former congressmen, with close ties to the Alaska Republican." ... "Young's chief of staff, Mike Anderson, sent the Wolfpack an e-mail to tell them that national Democrats planned aggressive fundraising and claims of misconduct by Young to topple the 35-year incumbent congressman and his fellow Alaska Republican [Senator], U.S. Sen. Ted Stevens." ... "If they succeed, Anderson warned, "you and your clients will be impacted."" ... "They include Rick Alcalde, the lobbyist at the heart of a Young earmark that is under federal investigation. They also include lobbyists Colin Chapman, Anderson's immediate predecessor as Young's chief of staff, and Randy DeLay, the brother of former Republican House Majority Leader Tom DeLay of Texas. Randy DeLay lobbied on a Virginia highway project before Young's transportation committee." ... "Anderson e-mailed his note a day after The New York Times ran a front-page story about Young's earmarking $10 million to study a Florida interchange that would benefit a developer who had raised money for an earlier Young campaign. The paper described the earmark as an "obvious" trade of campaign contributions for legislative favors." -By Sean Cockerham and Erika Bolstad -McClatchyDC.com "McCain Backer's Firm Pleaded Guilty To Funding Terrorist Group In Colombia." ... "The co-host of a recent top-dollar fundraiser for [2008 Election Republican Presidential Candidate and Arizona Senator] Sen. John McCain oversaw the payment of roughly $1.7 million to a Colombian paramilitary group that is today designated a terrorist organization by the United States." ... "Carl H. Lindner Jr., the billionaire Cincinnati [Ohio] businessman, was CEO [Chief Executive Officer] of Chiquita Brands International from 1984 to 2001, and remained on the company's board of directors until May 2002. Beginning under his tenure, Chiquita executives paid hundreds of thousands of dollars to the United Self-Defense Forces of Colombia (known by the Spanish acronym AUC), which is described by George Washington University's National Security Archive as an "illegal right-wing anti-guerrilla group tied to many of the country's most notorious civilian massacres."" ... "Following a Justice Department indictment [pdf] last year, Chiquita admitted to illegally funding the paramilitaries and agreed to pay a $25 million fine. Chiquita's payments to the AUC began in 1997 and lasted seven years; roughly half of the funds came after the group was designated a Foreign Terrorist Organization by the U.S. State Department in 2001." ... "According to the Justice Department, the payments "were reviewed and approved by senior executives" of Chiquita, who knew by no later than September 2000 "that the AUC was a violent, paramilitary organization."" ... "Late last week, Lindner co-hosted a $25,000-per-person fundraiser for McCain and the Republican Party in the wealthy Indian Hills neighborhood of Cincinnati, Ohio. The event raised about $2 million; Lindner also serves on McCain's Ohio Victory Team." ... "While Lindner was CEO of Chiquita, the company began sending money to the AUC through its shipping subsidiary Banadex. A report by the Organization of American States states that Banadex also engaged in arms trafficking, helping to deliver 3,000 Nicaraguan AK-47 rifles and millions of rounds of ammunition to the AUC in 2001. According to federal prosecutors, when company officials realized the arrangement was illegal, they switched to making the payments in cash." -By Nico Pitney -HuffingtonPost.com "McCain’s Boeing Battle Boomerangs." ... "Government auditors ruled that the Air Force made "significant errors" when it rebid the [aerial refueling tanker] contract and awarded the $35 billion project to Boeing's chief rival, partners European Aeronautic Defense and Space Co. [Company] (or EADS) and Northrop Grumman. It's likely the Air Force will have to redo the bid yet again, which analysts say will delay the replacement of the fleet's 1950s-era refueling tankers. The auditors' ruling has also cast light on an overlooked aspect of [2008 Election Republican Presidential Candidate John] McCain's crusade: five of his campaign's top advisers and fund-raisers—including Tom Loeffler, who resigned last month as his finance co-chairman, and Susan Nelson, his finance director—were registered lobbyists for EADS." ... "Critics, including some at the Pentagon, cite in particular two tough letters McCain wrote to Deputy Secretary of Defense Gordon England in 2006 and another to Robert Gates, just prior to his confirmation as Defense secretary. In the first letter, dated [September] Sept. 8, 2006, McCain wrote of hearing from "third parties" that the Air Force was about to redo the tanker competition by factoring in European government subsidies to EADS—a condition that could have seriously hurt the EADS bid. McCain urged that the Pentagon drop the subsidy factor and posed a series of technical questions about the Air Force's process. "He was trying to jam us and bully us to make sure there was competition by giving EADS an advantage," said one senior Pentagon official, who asked for anonymity when discussing a politically sensitive matter. The assumption within the Pentagon, the official added, was that McCain's letters were drafted by EADS lobbyists. "There was no one else that would have had that level of detail," the official said." -By Michael Isikoff -Newsweek "July 18 Deadline for Cross-Ownership Move Requests: Ninth Circuit Court of Appeals Gives Broadcasters, Media Activists Until July 18 to File Requests for Moving Appeal of FCC Decision." ... "The Ninth Circuit Court of Appeals gave broadcasters and media activists until July 18 to file their requests for moving the appeal of the Federal Communications Commission's decision to loosen the ban on newspaper-broadcast cross-ownership." ... "That's according to one of the parties involved." -By John Eggerton -BroadcastingCable.com "Blackwater using cache of AK-47s: Rifles given to sheriff in deal that skirts law." ... "The private military company Blackwater [owned by Erik Prince] has found an unusual way to skirt federal laws that prohibit private parties from buying automatic weapons. Blackwater bought 17 Romanian AK-47s and 17 Bushmasters, gave ownership of the guns to the Camden County [North Carolina] sheriff and keeps most of the guns at Blackwater's armory in Moyock [North Carolina]." ... "Tiny Camden County -- population 9,271 -- is one of the most peaceful in North Carolina. In the last 10 years, there have been two murders, three robberies and seven rapes reported. The sheriff has just 19 deputies." ... "Sheriff Tony Perry said his department has never used the 17 AK-47s outside of shooting practice at Blackwater. None of his 19 deputies are qualified to use the AK-47s, Perry said, and his department's need for automatic weapons is "very minimal."" ... "In the summer of 2005, Blackwater CEO Gary Jackson signed two agreements with [Major] Maj. Jon Worthington of the Sheriff's Office. Worthington has worked as a firearms instructor for Blackwater." ... ""Blackwater has financed the purchase of 17 Romanian AK-47 rifles for the Camden County Sheriff's Office for use by Sheriff's Office," the agreement says. "The Camden County Sheriff's Office will have unlimited access to these rifles for training and qualification, and state of emergency use." Worthington and Jackson also signed an agreement for the purchase of 17 Bushmaster XM15 E2S automatic rifles." ... "Why did Blackwater strike this deal with the Camden County sheriff?" ... ""Because they needed guns, I imagine," Jackson said." ... "Under federal law, it is illegal for a person to receive or possess an automatic weapon that is not registered to that person in the National Firearms Registration and Transfer Record." -By Joseph Neff -NewsObserver.com "More congressional computers hacked from China." ... "More Members of Congress have had their computers infiltrated by hackers within China than initially suspected, a lawmaker has revealed." ... "[Representatives] Reps. Frank Wolf (R-Va. [Republican-Virginia), Chris Smith (R-N.J. [Republican-New Jersey), and Mark Kirk (R-Ill. [Republican-Illinois]) admitted to having data removed from their Capitol Hill computers last week, but Wolf says there are more." ... "“I would suspect that the Foreign Affairs, Armed Services, Intelligence, (and) Appropriations committees would all be top targets,” Kirk said." ... "Wolf and Smith said they believe the hackers focused on them because of their continued objections to China’s human rights violations, and suspected that the hackers were looking for information on dissidents." ... "The FBI [Federal Bureau of Investigation] asked the lawmakers not to speak publicly, fearing that if they did, they would be unable to track the IP addresses of the hackers, Kirk said." ... "“When you’re in the middle of a criminal investigation, you try not to alert the criminal of what’s happened so you can track it down,” he said." -By Jordy Yager -TheHill.com "McCain Breaking the Law in Plain Sight." ... "I mentioned earlier today that it was quite a thing to see John McCain denouncing Barack Obama for breaking his word on public financing when McCain himself is at this moment breaking the law in continuing to spend over the spending limits he promised to abide by through the primary season in exchange for public financing. (By the FEC's [Federal Election Commission's] rules, we're still in the primary phase of the election and will be until the conventions.)" ... "I want to return to this subject though because this is not hyperbole or some throw away line. He's really doing it. McCain opting into public financing, accepted the spending limits and then profited from that opt-in by securing a campaign saving loan. And then he used some clever, but not clever enough lawyering, to opt back out. And the person charged with saying what flies and what doesn't -- the Republican head of the FEC -- said he's not allowed to do that. He can't opt out unilaterally unless the FEC says he can." ... "The most generous interpretation of what happened is that McCain's lawyer came up with an ingenious legal two step that allowed him to double dip in the campaign finance system, eat his cake and spend it too. But even if you buy that line, successful gaming of the system doesn't really count as strict adherence. And the point is irrelevant since the head of the FEC -- a Republican -- says McCain cannot do this on his own. " -By Josh Marshall -TalkingPointsMemo.com "US N-weapons parts missing, Pentagon says." ... "The US military cannot locate hundreds of sensitive nuclear missile components, according to several government officials familiar with a Pentagon report on nuclear safeguards." ... "Robert Gates, US [Republican President Bush's] defence secretary, recently fired both the US Air Force chief of staff and air force secretary after an investigation blamed the air force for the inadvertent shipment of nuclear missile nose cones to Taiwan." ... "According to previously undisclosed details obtained by the FT, the investigation also concluded that the air force could not account for many sensitive components previously included in its nuclear inventory." ... "One official said the number of missing components was more than 1,000." ... "The disclosure is the latest embarrassing episode for the air force, which last year had to explain how a bomber mistakenly carried six nuclear missiles across the US." -By Demetri Sevastopulos -FT.com |
|