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Enough doses of swine flu vaccines for everyone in Wales should begin arriving in the next few weeks. Latest figures show 64 confirmed Welsh cases, but new counting methods mean up to 1m people in Wales could be diagnosed with the illness long term. Up to six million doses would become available, with two per person, and those most at risk would be first in line to receive a jab. Experts will carry out tests and work out how to administer the vaccine. Wales' chief medical officer Dr Tony Jewell said it would be a huge logistical exercise. Dr Jewell said the vaccine would reduce the impact of a second phase of swine flu. "It will put us in a good position to modify it. It is an unprecedented situation," he said. So far 64 cases of swine flu in Wales have been confirmed by laboratory testing. Latest figures across Wales reveal that 426 people have gone to their local doctor in the past week with flu-like symptoms. Three were admitted to hospital over the last few days. Health officials said for every 100,000 people there have been 14.2 cases of flu-like illnesses. But Wales is behind other parts of the UK for infection rates. In Scotland the rate is 23.6 cases, while in England it is 51.9 cases. Seven people in Wales with swine flu had to be hospitalised but five have since been discharged. 17 people in the UK have died - all but one of them had underlying health problems. Experts say that for most people the illness is mild and gets better within five to seven days.
Note: 426 people had flu-like symptoms? Couldn't that be the normal flu? And all but one of the 17 who died had underlying health problems. Hmmmm. So why are they preparing six million vaccine doses? Could there be lots of money to be made here? A Wall Street Journal article states that $1 billion of our tax dollars have already been set aside with $7.5 billion more on the way. For more reliable information on manipulations involving swine flu, click here and here.
The Bush administration built an unprecedented surveillance operation to pull in mountains of information far beyond the warrantless wiretapping previously acknowledged, a team of federal inspectors general reported Friday, questioning the legal basis for the effort but shielding almost all details on grounds they're still too secret to reveal. The report, compiled by five inspectors general, refers to "unprecedented collection activities" by U.S. intelligence agencies under an executive order signed by President George W. Bush after the Sept. 11, 2001, terror attacks. Just what those activities involved remains classified, but the IGs pointedly say that any continued use of the secret programs must be "carefully monitored." The report says too few relevant officials knew of the size and depth of the program, let alone signed off on it. They particularly criticize John Yoo, a deputy assistant attorney general who wrote legal memos undergirding the policy. His boss, Attorney General John Ashcroft, was not aware until March 2004 of the exact nature of the intelligence operations beyond wiretapping that he had been approving for the previous two and a half years, the report says. Most of the intelligence leads generated under what was known as the "President's Surveillance Program" did not have any connection to terrorism, the report said. The only piece of the intelligence-gathering operation acknowledged by the Bush White House was the wiretapping-without-warrants effort. Although the report documents Bush administration policies, its fallout could be a problem for the Obama administration if it inherited any or all of the still-classified operations.
Note: For many disturbing reports on increasing threats to privacy under the pretext of protection against terrorism, click here.
School-age children will be a key target population for a pandemic flu vaccine in the fall, and they may be vaccinated at school in a mass campaign not seen since the polio epidemics of the 1950s. The federal government should get about 100 million doses of vaccine by mid-October, if the current production by five companies goes as planned. But enough vaccine for wide use by the 120 million people especially vulnerable to the newly emerged strain of H1N1 influenza virus will not be available until later in the fall. Those were among the messages administration officials delivered to about 500 state, territorial, city and tribal health officials yesterday at a "flu summit" at the National Institutes of Health's Bethesda campus. President Obama, speaking by audio link from the Group of Eight summit in L'Aquila, Italy, urged "complete ownership" of preparations for what he termed a "significant outbreak" of H1N1 flu in the next few months. "We want to make sure that we are not promoting panic, but we are promoting vigilance and preparation," he said. He added that "the most important thing for us to do is to make sure that state and local officials prepare now to implement a vaccination program in the fall." Children, pregnant women, adults with chronic illnesses, and health-care workers would probably be first in line for the vaccine, Health and Human Services Secretary Kathleen Sebelius told the gathering. Education Secretary Arne Duncan said "we would absolutely welcome" the idea that the nation's schools be a principal venue for delivering the vaccine. He called them "natural sites" and said that "to open our doors and be part of the solution really makes sense."
Note: The fear-mongering and vaccination plan continues. Note the Post's claim that "more than 1 million Americans have become ill from it." Where did they get this number? The CDC website at this link as of July 10th claims around 40,000 cases in the US. Could this mistake have been intentional? For lots more on this, see this link. And to watch a powerful segment from CBS 60 Minutes showing how government propoganda killed and maimed thousands during the swine flu scare of 1976, click here.
The Obama administration will proceed with a Bush-era plan to use National Security Agency assistance in screening government computer traffic on private-sector networks, with AT&T as the likely test site, according to three current and former government officials. President Obama said in May that government efforts to protect computer systems from attack would not involve "monitoring private-sector networks or Internet traffic," and Department of Homeland Security officials say the new program will scrutinize only data going to or from government systems. But the program has provoked debate within DHS, the officials said, because of uncertainty about whether private data can be shielded from unauthorized scrutiny, how much of a role NSA should play and whether the agency's involvement in warrantless wiretapping during George W. Bush's presidency would draw controversy. Each time a private citizen visited a "dot-gov" Web site or sent an e-mail to a civilian government employee, that action would be screened for potential harm to the network. Under a classified pilot program approved during the Bush administration, NSA data and hardware would be used to protect the networks of some civilian government agencies. Part of an initiative known as Einstein 3, the plan called for telecommunications companies to route the Internet traffic of civilian agencies through a monitoring box that would search for and block computer codes designed to penetrate or otherwise compromise networks. AT&T, the world's largest telecommunications firm, was the Bush administration's choice to participate in the test. AT&T officials declined to comment. The prospect of NSA involvement in cybersecurity ... fuels concerns about unwarranted government snooping into private communication."
Note: For lots more on government and corporate threats to privacy, click here and here.
Used in yards, farms and parks throughout the world, Roundup has long been a top-selling weed killer. But now researchers have found that one of Roundup’s inert ingredients can kill human cells, particularly embryonic, placental and umbilical cord cells. The new findings intensify a debate about so-called “inerts” – the solvents, preservatives, surfactants and other substances that manufacturers add to pesticides. Nearly 4,000 inert ingredients are approved for use by the U.S. Environmental Protection Agency. Glyphosate, Roundup’s active ingredient, is the most widely used herbicide in the United States. About 100 million pounds are applied to U.S. farms and lawns every year, according to the EPA. Until now, most health studies have focused on the safety of glyphosate, rather than the mixture of ingredients found in Roundup. But in the new study, scientists found that Roundup’s inert ingredients amplified the toxic effect on human cells – even at concentrations much more diluted than those used on farms and lawns. One specific inert ingredient, polyethoxylated tallowamine, or POEA, was more deadly to human embryonic, placental and umbilical cord cells than the herbicide itself –- a finding the researchers call “astonishing.” “This clearly confirms that the [inert ingredients] in Roundup formulations are not inert,” wrote the study authors from France’s University of Caen. “Moreover, the proprietary mixtures available on the market could cause cell damage and even death [at the] residual levels” found on Roundup-treated crops, such as soybeans, alfalfa and corn, or lawns and gardens.
Note: Monsanto, Roundup’s manufacturer, is the same company that has been using a corrupt judicial system to bankrupt farmers who won't use their seeds. For more on this important topic, click here.
Perhaps we protest too much. Torture, after all, is a venerable American tradition. If not quite as homespun as apple pie or lynching, it is at least as old as our imperial aspirations. We were waterboarding captives in one of our earliest wars of occupation, the Philippine-American War, which cost as many as 1 million civilian lives. In 1902, Teddy Roosevelt himself wrote with laconic praise of "the old Filipino method." Other techniques, crude or sophisticated, have filled the war bag since. CIA interrogation manuals from the 1960s, which lay out the basic stress-position and sleep- and sensory-deprivation techniques later applied at Bagram and Guantanamo, have been public since 1997. Despite our protestations, we have little to be surprised about. Now, when President Obama vows that "the United States does not torture" and spars with the former vice president over details, he crosses his fingers behind his back and saves himself a loophole. Via "extraordinary rendition" -- a Clinton administration innovation -- our government is still free to outsource torture and claim it doesn't know. The Obama administration has been relying increasingly on foreign intelligence services to detain and interrogate our suspects for us. Despite hundreds of front-page stories, we pretend we didn't know, that it was all somehow kept secret from us. This blindness serves a function. By declaring torture anomalous, by pushing it once again to the margins of legality, we can preserve a vision of U.S. military power -- and of American empire -- that is essentially benevolent. [But] maintaining military and economic hegemony over the planet remains an inherently bloody affair. Empire is a synonym for subjugation, and hence for violence on a massive scale.
Note: For a retired Marine Corps general's understanding of the real reasons behind both torture and mass slaughter of civilian populations by the US military, click here.
Almost 30 key lawmakers helping draft landmark health-care legislation have financial holdings in the industry, totaling nearly $11 million worth of personal investments in a sector that could be dramatically reshaped by this summer's debate. The list of members who have personal investments in the corporations that will be affected by the legislation -- which President Obama has called this year's highest domestic priority -- includes Congress's most powerful leaders and a bipartisan collection of lawmakers in key committee posts. Their total health-care holdings could be worth $27 million, because congressional financial disclosure forms released yesterday require reporting of only broad ranges of holdings rather than precise values of assets. Senate Majority Leader Harry M. Reid (D-Nev.), for instance, has at least $50,000 invested in a health-care index, and Sen. Judd Gregg (R-N.H.), a senior member of the health committee, has between $254,000 and $560,000 worth of stock holdings in major health-care companies, including Bristol-Myers Squibb and Merck. The family of Rep. Jane Harman (D-Calif.), a senior member of the House Energy and Commerce Committee drafting that chamber's legislation, held at least $3.2 million in more than 20 health-care companies at the end of last year. "If someone is going to be substantially enriched by the consequences of the vote, particularly if it represents a meaningful amount of their net worth, then there is a problem," said Harlan Krumholz, a professor of medicine at Yale University.
Note: For more powerful information on major corruption in health care reform, click here. For lots more on government corruption from reliable, verfiiable sources, click here.
"Architects know that you can't have 400 structural steel connections failing per second in a fire-induced gravitational collapse," says architect Richard Gage about the collapse of World Trade Center 7, a building not struck by a plane, on September 11, 2001. Richard is with Architects and Engineers for 9/11 Truth, a group of professionals who have factual reservations about conclusions reached in the 9/11 Report.
Note: To listen to this path-breaking 7-minute broadcast, click on the link above. For lots more reliable information showing the official story of 9/11 cannot be true, see our 9/11 Information Center.
The man who drove his 20-year-old Mustang from Napoleon, Ohio, to Las Vegas and back last year on 39 gallons of fuel will open his first manufacturing facility Monday to allow others to get 110 miles per gallon. Doug Pelmear, owner of Horse Power Sales.net Inc. and Hp2G LLC, will hold an open house ... in Wauseon to begin manufacturing his revolutionary engine. The factory ... will be tooled to initially turn out 20 of Mr. Pelmear's custom engines per day with one shift of 25 workers. A Decatur, Ind., specialty car company, Revenge Designs Inc., has contracted with Mr. Pelmear to purchase 2,000 engines for use in a new vehicle it plans to unveil at the end of this year at the Los Angeles International Auto Show. The vehicle is to be called the Revenge Verde Super Car, which will use Mr. Pelmear's 400-horsepower engine and its 500 foot-pounds of torque to travel up to 200 mph and get 110 mpg - though admittedly not at the same time. "The engine is going to be a really great partnership with the car," explained Emily Levault, a spokesman for Revenge Design. "The idea behind this was to give people what they want while putting people back in their jobs." Ms. Levault said the Verde will be introduced as both a left and right-hand drive, so that it can be marketed around the world. Mr. Pelmear has said that he employs more precise tolerances and manufacturing techniques to decrease heat and energy loss and increase the efficiency of the internal combustion engine. He said he has more than quadrupled the industry average engine efficiency of about 8 percent.
Note: For a treasure trove of reliable reports on breakthrough developments in auto and new energy technologies, click here.
A Bay Area couple has successfully blocked their lender from taking their home. A federal judge in San Jose brought the foreclosure process to a stop after the couple invoked a three-word strategy first outlined last month by 7 On Your Side's Michael Finney. A home could be saved with three words: "produce the note." Facing foreclosure, owners Isabel and Richard Caporale are using a novel legal strategy to hang on to their home. The couple went to federal court and basically said just three words. "They claim they have it, but I have no proof that they have this note, and you would think by now it's been almost three months," says attorney Marc Voisenat. The "they" Voisenat is referring to is the loan servicing company and "the note" is the legal document proving money is owed. Without it, the strategy goes, money can't be collected and there can be no foreclosure. On Thursday, a federal judge agreed, stopping the foreclosure in its tracks and for now, the Caporales can stay in their home. "It's wonderful because I'm almost positive the next time we come back to court the house will be ours," says Isabel Caporale. Thousands could use this strategy and it all comes down to sloppy paperwork. Mortgages are chopped up, bundled and resold around the world as complicated financial vehicles. Often the paperwork doesn't follow the loan and if there's no paperwork and no proof, the foreclosure is a no-go. "We've never seen a company produce the original note yet," says Attorney Chris Hoyer. Hoyer set up a website offering consumers advice and paperwork to pursue a "produce the note" strategy. In Florida "produce the note" is gaining momentum as a safety net for homeowners.
Note: For more information on how to use this strategy, see the Consumer Warning Network's excellent information available here. More information is also available in this article.
Everyone called the stranger with all the money "Maqsood." He would sit in his Mercedes, waiting in the parking lot of the mosque in Newburgh, N.Y., until the Friday prayer was over. Then, according to members of the mosque, the Masjid al-Ikhlas, he approached the young men. The man, a Pakistani, occasionally approached the assistant imam of the mosque. In time, many of the mosque's older members had made the man for a government informant, according to mosque leaders. They said that he seemed to focus most of his attention on younger black members and visitors. "It's easy to influence someone with the dollar," said Mr. Muhammed, a longtime member of the mosque. "Especially these guys coming out of prison." The members of the mosque now believe that Maqsood was the government informant at the center of the case involving four men from Newburgh arrested and charged this week with having plotted to explode bombs at Jewish centers in New York City. The government case revolves significantly around the work of an informant who facilitated the men's desire to mount a terrorist attack. The role of informants has been a constant in the terror cases made by federal and local authorities since 9/11. And just as constant have been the attempts by lawyers for those charged to portray their clients as dupes, people who would not have committed to do harm without the provocation of the informants. The informant was not identified in court papers unsealed on Wednesday in Manhattan. But according to a person briefed on the case, the informant is Shahed Hussain, the central prosecution witness in a 2004 federal sting focusing on a pizzeria owner and an imam at an Albany mosque.
Note: For lots more on the "war on terror" from reliable sources, click here.
On a map of Baghdad, the US Army's Forward Operating Base Falcon is clearly within city limits. Except that Iraqi and American military officials have decided it's not. As the June 30 deadline for US soldiers to be out of Iraqi cities approaches, there are no plans to relocate the roughly 3,000 American troops who help maintain security in south Baghdad along what were the fault lines in the sectarian war. "We and the Iraqis decided it wasn't in the city," says a US military official. The base on the southern outskirts of Baghdad's Rasheed district is an example of the fluidity of the Status of Forces Agreement (SOFA) agreed to late last year, which orders all US combat forces out of Iraqi cities, towns, and villages by June 30. Although the mission for most brigades and battalions is not expected to substantially change after June 30, US military officials have stopped using the term forward operating base in favor of the more benign-sounding contingency operating site. The SOFA and a wider strategic framework agreement set out a relationship between the US and Iraq very different from that of the military occupation of the past six years. One of the challenges of that new relationship is how the US can continue to wield influence on key decisions without being seen to do so. "For so long we have been one of the driving forces here ... it is such a hard habit to break," says a senior US State Department official. "I think we need to do everything we can not to make ourselves an issue. It has to be seen here as doing it quietly ... so that you are not doing things for the Iraqis, the Iraqis are doing things for themselves but with your help and we remain in the shadows.... It's a very delicate choreography," adds the State Department official.
Note: For a trove of revealing reports on the deceptive strategies used by the US to advance its wars of aggression in Iraq and Afghanistan, click here.
When capitalism seemed on the verge of collapse last fall, Kristin Halvorsen, Norway’s Socialist finance minister and a longtime free market skeptic, did more than crow. As investors the world over sold in a panic, she bucked the tide, authorizing Norway’s $300 billion sovereign wealth fund to ramp up its stock buying program by $60 billion — or about 23 percent of Norway's economic output. "The timing was not that bad," Ms. Halvorsen said, smiling with satisfaction over the broad worldwide market rally that began in early March. The global financial crisis has brought low the economies of just about every country on earth. But not Norway. With a quirky contrariness as deeply etched in the national character as the fjords carved into its rugged landscape, Norway has thrived by going its own way. When others splurged, it saved. When others sought to limit the role of government, Norway strengthened its cradle-to-grave welfare state. And in the midst of the worst global downturn since the Depression, Norway’s economy grew last year by just under 3 percent. The government enjoys a budget surplus of 11 percent. Norway is a relatively small country with a ... population of 4.6 million and the advantages of being a major oil exporter. Even though prices have sharply declined, the government is not particularly worried. That is because Norway avoided the usual trap that plagues many energy-rich countries. Instead of spending its riches lavishly, it passed legislation ensuring that oil revenue went straight into its sovereign wealth fund, state money that is used to make investments around the world. Now its sovereign wealth fund is close to being the largest in the world.
Note: For lots more on the global economic and financial crisis from reliable sources, click here.
The Federal Bureau of Investigation has incorrectly kept nearly 24,000 people on a terrorist watch list on the basis of outdated or sometimes irrelevant information. By the beginning of 2009, the report said, this consolidated government watch list comprised about 400,000 people, recorded as 1.1 million names and aliases, an exponential growth from the days before the attacks of Sept. 11, 2001. The new report, by the office of the Justice Department’s inspector general, provides the most authoritative statistical account to date of the problems connected with the list. An earlier report by the inspector general, released in March 2008, looked mainly at flaws in the system, without an emphasis on the number of people caught up in it. The list has long been a target of public criticism, particularly after well-publicized errors in which politicians including Senator Edward M. Kennedy and Representative John Lewis showed up on it. People with names similar to actual terrorists have complained that it can take months to be removed from the list, and civil liberties advocates charge that antiwar protesters, Muslim activists and others have been listed for political reasons. One of the biggest problems identified in the report was the use of outdated information, or material unconnected to terrorism, to keep people on the bureau’s own terror watch list, which is incorporated in the consolidated list. The report, examining nearly 69,000 referrals to the F.B.I. list that were either brought or processed by the bureau, found that 35 percent of those people, both Americans and foreigners, remained on the list despite inadequate justification.
Note: For many detailed reports from reliable sources indicating the "war on terror" isn't really what it's claimed to be, click here.
As many as 100 detainees at the prison at Guantánamo Bay, Cuba, could end up held without trial on American soil, Defense Secretary Robert M. Gates suggested Thursday, a situation that he acknowledged would create widespread if not unanimous opposition in Congress. The estimate was the most specific yet from the Obama administration about how many of the 241 prisoners at Guantánamo could not be safely released, sent to other countries or appropriately tried in American courts. Mr. Gates said discussions had started this week with the Justice Department about determining how many of the Guantánamo detainees could not be sent to other countries or tried in courts. He did not say which detainees might be in that group, but independent experts have said it probably would include terrorism suspects whom the military has not yet brought charges against, among them detainees from Yemen and the Qaeda figure Abu Zubaydah, who was subjected to brutal interrogation in secret prisons run by the Central Intelligence Agency. He did not say ... under what law they would be held. The Obama administration is debating how to establish a legal basis for incarcerating detainees deemed too dangerous to be released but not appropriate to be tried because of potential problems posed by their harsh interrogations, the evidence against them or other issues. Mr. Gates said he had asked for $50 million in supplemental financing in case a facility needed to be built quickly for the detainees.
Note: Ironically, it would seem from these plans revealed by Gates that closing the prison in Guantanamo is going to be used as the pretext to establish indefinite detention, without the right of habeas corpus, on American soil. But the reason for the widespread demand to close the prison is precisely to end such detentions! Do they think no one will notice? For many revealing reports from reliable sources on government attempts to erode civil liberties, click here.
According to current and former government officials, the CIA's secret waterboarding program was designed and assured to be safe by two well-paid psychologists now working out of an unmarked office building in Spokane, Washington. Bruce Jessen and Jim Mitchell, former military officers, together founded Mitchell Jessen and Associates. Both men declined to speak to ABC News citing non-disclosure agreements with the CIA. But sources say Jessen and Mitchell together designed and implemented the CIA's interrogation program. "It's clear that these psychologists had an important role in developing what became the CIA's torture program," said Jameel Jaffer, an attorney with the American Civil Liberties Union. Former U.S. officials say the two men were essentially the architects of the CIA's 10-step interrogation plan that culminated in waterboarding. Associates say the two made good money doing it, boasting of being paid a $1,000 a day by the CIA to oversee the use of the techniques on top al Qaeda suspects at CIA secret sites. Both Mitchell and Jessen were previously involved in the U.S. military program to train pilots how to survive behind enemy lines and resist brutal tactics if captured. But it turns out neither Mitchell nor Jessen had any experience in conducting actual interrogations before the CIA hired them. The new documents show the CIA later came to learn that the two psychologists' waterboarding "expertise" was probably "misrepresented" and thus, there was no reason to believe it was "medically safe" or effective. The waterboarding used on al Qaeda detainees was far more intense than the brief sessions used on U.S. military personnel in the training classes.
Note: For lots more on CIA torture and other recent government attacks on civil liberties, click here.
Portugal [in] in 2001 became the first European country to officially abolish all criminal penalties for personal possession of drugs, including marijuana, cocaine, heroin and methamphetamine. At the recommendation of a national commission charged with addressing Portugal's drug problem, jail time was replaced with the offer of therapy. People found guilty of possessing small amounts of drugs are sent to a panel consisting of a psychologist, social worker and legal adviser for appropriate treatment (which may be refused without criminal punishment), instead of jail. The recently released results of a report commissioned by the Cato Institute ... found that in the five years after personal possession was decriminalized, illegal drug use among teens in Portugal declined and rates of new HIV infections caused by sharing of dirty needles dropped, while the number of people seeking treatment for drug addiction more than doubled. "Judging by every metric, decriminalization in Portugal has been a resounding success," says Glenn Greenwald, an attorney, author and fluent Portuguese speaker, who conducted the research. "It has enabled the Portuguese government to manage and control the drug problem far better than virtually every other Western country does." Compared to the European Union and the U.S., Portugal's drug use numbers are impressive. Following decriminalization, Portugal had the lowest rate of lifetime marijuana use in people over 15 in the E.U.: 10%. The most comparable figure in America is in people over 12: 39.8%. Proportionally, more Americans have used cocaine than Portuguese have used marijuana.
Note: For an inspiring interview with a sociologist who serves on one of the drug commissions in Portugal, click here. For a treasure trove of great news articles which will inspire you to make a difference, click here.
The Pentagon has agreed to release dozens of previously undisclosed photographs depicting the abuse by American military personnel of captives in Iraq and Afghanistan. The pictures, showing incidents at a half-dozen prisons in addition to the notorious Abu Ghraib installation in Iraq, will be made available by May 28, the Defense Department and the American Civil Liberties Union said. “These photographs provide visual proof that prisoner abuse by U.S. personnel was not aberrational but widespread, reaching far beyond the walls of Abu Ghraib,” said Amrit Singh, a staff attorney with the A.C.L.U., which sued for release of the pictures under the Freedom of Information Act. There were early reports that at least some of the new pictures show detainees being intimidated by American soldiers, sometimes at gunpoint, but Ms. Singh said it is not yet clear what kinds of scenes were captured, and by whose cameras. Disclosure of the latest pictures “is critical for helping the public understand the scope and scale of prisoner abuse as well as for holding senior officials accountable for authorizing or permitting such abuse,” said Ms. Singh, who argued the case before the United States Court of Appeals for the Second Circuit, in Manhattan. The Pentagon’s decision to release the pictures came after the A.C.L.U. prevailed at the Federal District Court level and before a panel of the Second Circuit. The Pentagon had fought the release of the photographs, connected with investigations between 2003 and 2006, on the grounds that the release could endanger American military personnel overseas and that the privacy of detainees would be violated.
Note: For many revealing reports on the horrific realities of the US wars on Iraq and Afghanistan, click here.
Chrysler turned down additional government funding this month because executives at the troubled auto manufacturer could not agree to new government-mandated limits on executive pay, according to a source familiar with the matter. An official with Chrysler Financial told CNN that the loan was turned down because the company "has determined that it has adequate private capital funding to cover the short-term needs of our dealers and customers and as such, no additional TARP funding is necessary at this time." The official also said that company executives "have not been presented with any new demands with regard to executive compensation." Chrysler already borrowed $1.5 billion from the Treasury under the Troubled Asset Relief Program, or TARP, but those loans were made under less strict regulations pertaining to executive compensation. The Washington Post, which first reported the story online Monday, said the amount of the loan Chrysler rejected was $750 million. A Treasury department spokesman declined to confirm the loan rejection, but told CNN that the administration's Auto Task Force continues to monitor the financing situations for Chrysler and General Motors. "This is an issue that Chrysler and its stakeholders will need to address as part of this process," the spokesman said.
Note: The reason many banks are giving back government loans is very likely also because of executive pay limits. The limits were reported in a NY Times article on Feb. 14, 2009. Not long after came the first news that banks were considering returning the bailout money. Do you think these top execs are more interested in their own paychecks or the health of the company? For a highly revealing archive of reports on the hidden realities underlying the Wall Street bailout, click here.
The world is a step closer to a global currency, backed by a global central bank, running monetary policy for all humanity. A single clause in Point 19 of the communiqué issued by the G20 leaders amounts to revolution in the global financial order. "We have agreed to support a general SDR allocation which will inject $250bn (Ł170bn) into the world economy and increase global liquidity," it said. SDRs are Special Drawing Rights, a synthetic paper currency issued by the International Monetary Fund that has lain dormant for half a century.In effect, the G20 leaders have activated the IMF's power to create money and begin global "quantitative easing". In doing so, they are putting a de facto world currency into play. It is outside the control of any sovereign body. Conspiracy theorists will love it. There is now a world currency in waiting. In time, SDRs are likely evolve into a parking place for the foreign holdings of central banks, led by the People's Bank of China. Beijing's moves this week to offer $95bn in yuan currency swaps to developing economies show how fast China aims to break dollar dependence.
Note: For an extensive archive of key reports on the hidden realities of the Wall Street bailout, click here.
Important Note: Explore our full index to revealing excerpts of key major media news articles on several dozen engaging topics. And don't miss amazing excerpts from 20 of the most revealing news articles ever published.