Wednesday, April 16, 2008

SPB News for Wednesday.


Polygamist sect gets millions from U.S. government U.S. taxpayers have unwittingly helped finance a polygamist sect that is now the focus of a massive child abuse investigation in West Texas, with a business tied to the group receiving a nearly $1 million loan from the federal government and $1.2 million in military contracts. The ability of the Fundamentalist Church of Jesus Christ of Latter Day Saints, or FLDS, to operate and grow is largely dependent on huge contributions from its members and revenue from the businesses they control, according to a former accountant for the church, and government officials in Utah and Arizona, where the sect is primarily based. One of those businesses, NewEra Manufacturing in Las Vegas, has been awarded more than $1.2 million in federal government contracts, with most of the money coming in recent years from the Defense Department for wheel and brake components for military aircraft. A large portion of the awards were preferential no-bid or "sole source" contracts because of the company's classification as a small business, according to online databases that track federal government appropriations.


Canadian detainee asks US court to intervene in terror case Lawyers for a Canadian prisoner asked a civilian appeals court Tuesday to intervene in his terrorism case. If the court agrees, it would provide new judicial oversight on the Bush regime's terrorism prosecution system. But the chief judge of the U.S. Court of Appeals for the District of Columbia Circuit questioned whether it had the authority to get involved. The case was brought by Omar Khadr, who is accused -- when he was 15-years-old -- of killing a U.S. soldier during a firefight in Afghanistan in 2002.


Obama would ask his AG to "immediately review" potential of crimes in Bush White House By Will Bunch [I asked] Barack Obama a question that is on the minds of many Americans... and that is whether an Obama administration would seek to prosecute officials of a former Bush administration on the revelations that they greenlighted torture, or for other potential crimes that took place in the White House. Obama said that as president he would indeed ask his new Attorney General and his deputies to "immediately review the information that's already there" and determine if an inquiry is warranted -- but he also tread carefully on the issue, in line with his reputation for seeking to bridge the partisan divide.


Aussie oilers chase Iraq contracts Iraq is back on the agenda for three of Australia's largest oil producers. The war-torn nation's Ministry of Oil has revealed BHP Billiton and Woodside Petroleum are among the 35 international oil companies "pre-qualified" to bid for contracts to operate Iraqi oil and gas fields. And Oil Search is in advanced negotiations to pick up additional exploration ground in Kurdistan in northern Iraq.


Iraq opens door to foreign contracts at major oil fields Foreign oil companies are poised to enter Iraq later this month after Baghdad signalled it was prepared to sign five oil field services agreements covering its biggest fields. Oil experts estimate that Iraq can reach a geologic potential of 10m barrels a day with substantial foreign investment. But its achieved output is likely to rest on security improvements and nationalist resistance to foreign involvement.


Time for Iraq to pay its bills, senators say --Surging oil revenues cited as source for rebuilding Iraq's financial free ride may be over. Sen. Ben Nelson (D-NE) is drafting legislation with Sen. Susan Collins of (R-ME) and Evan Bayh (D-IN) Indiana that would restrict future reconstruction dollars to loans instead of grants. Their bill also would require that Baghdad pay for fuel used by American troops and take over U.S. payments [bribes] to predominantly Sunni fighters in the Awakening movement.


Clinton calls for Iran-US talks Democratic White House hopeful Hillary Clinton calls President [sic] Bush's Iran policy 'a loser', recommending talks with the Islamic Republic. "The approach that the Bush administration has taken toward Iran has been a loser. It has neither changed behaviors nor produced results," she said while speaking at a meeting of newspaper publishers in Washington on Tuesday.


Former CIA Official: U.S. Losing War in Afghanistan [Iraq too.] The U.S. is on the verge of losing the war in Afghanistan, says a former top CIA official who was involved in attempts to capture and kill Osama bin Laden. "Afghanistan of course is a terrible disaster for the United States and NATO. NATO seems to be dying in Afghanistan," says Mike Scheuer, who headed the CIA's Osama Bin Laden unit when the war began. Scheuer is no longer with the agency.

UK housing market 'worst on record' Prime Minister Gordon Brown said he's making progress with the Bank of England and financial institutions to ease credit conditions in the UK after a report showed sentiment in the housing market is the worst on record.


Foreclosures jump 57 percent in last 12 months Home foreclosure filings surged 57 percent in the 12 month-period ended in March and bank repossessions soared 129 percent from a year ago, as homeowners struggled to make mortgage payments, real estate data firm RealtyTrac said on Tuesday.

1 comment:

Anonymous said...

The housing market is so bad that so many homes remain empty and empty homes deteriorate fast, and this was really gone over well on "Life without people" a series on History channel. Everyone looses when the house market is bad KDA (Kitchen cabinet etc ) out of business in Chicago, Linens n things filing bankruptcy, Wicks furniture gone because people don't have a home to furnish, and many more appliance, hard ware stores, anything that affects homes, also animal shelters busting at the seams from people loosing their home, therefore , hate to say more animals put down, less animals for pet products so now that business is affected.
The home market is just the beginning and all the businesses affected will fall like dominios one by one, each sector, then each sector affects another.