Monthly Archive for May, 2005

The “I” Word

Written by Ralph Nader and Kevin Zeese
Tuesday, 31 May 2005 (The Boston Globe)

THE IMPEACHMENT of President Bush and Vice President Cheney, under Article II, Section 4 of the Constitution, should be part of mainstream political discourse. (Cont.)

Further Information:

Efforts to start the process of impeaching President Bush are picking up steam with the publication of the “Downing Street Memo” where the head of British intelligence is reported as saying the Bush administration is “fixing” the intelligence to support the war. Impeachment begins with a Resolution of Inquiry which can be started by a single Member of Congress. If you want to help make this happen visit www.AfterDowningStreet.org and take action today.

AIG Wipes Out $3.9 Billion in Earnings

By Matthew Goldstein
Senior Writer
5/31/2005 1:31 PM EDT
Updated from 9:39 a.m. EDT

Almost $4 billion of earnings vanished Tuesday when American International Group (AIG:NYSE – commentaryresearch) made good on its pledge to restate five years of financial results in a filing with the Securities and Exchange Commission.

The restatements appeared in the insurer’s 2004 annual report, a 400-page document whose completion was delayed three times as the company sought to rectify an accounting scandal that led to the ouster of Maurice Greenberg, the longtime chief executive.

As expected, the filing showed a 2.7% reduction in AIG’s shareholder equity since the company first estimated its 2004 results in a Feb. 9 press release. AIG was forced to reclassify phony reinsurance transactions as loans and consolidate several off-shore reinsurers onto its books.

Last week, New York Attorney General Eliot Spitzer filed civil fraud charges against AIG and Greenberg, charging the former insurance industry titan with orchestrating a series of accounting tricks and frauds to help prop up AIG’s stock price.

The “Insiders” of AIG are an interesting mix.

Maurice Greenberg (Chairman of the Board): Bush Pioneer (2000)|Ranger (2004) who accompanied Bush I to China in ’92, as a result, AIG was the first foreign company to sell insurance to China.

AIG helped Enron cook its books by investing in its notorious LJM2 partnership along with Merrill Lynch (see Stanley ONeal) and J.P. Morgan (see Alan Buckwalter).

[...]

Besides being a huge political funder, Greenberg is a major underwriter of the Heritage Foundation think tank (see Pioneer Elaine Chao). Imagine his horror to discover a Heritage thinker urging Congress to postpone its 2000 vote on normalizing trade with Greenbergs beloved China. After Greenberg threatened to cut off funding, the think tank rethunk its position and issued a new report: How Trade With China Benefits Americans. AIG scored a revolving-door coup in 98 when it hired Ernest Patrikis, an official departing the powerful Federal Reserve Bank of New York, as a special adviser to Greenberg. An AIG subsidiary, AIG Capital Partners Inc., paid a $500,000 finders fee to Pioneer Wayne Berman, who helped the company land a contract to manage $100 million in state pension investments from ex-Connecticut Treasurer Paul Silvester. Silvester was convicted in 99 of taking kickbacks from the private money managers to whom he awarded investment contracts. AIG paid Greenberg more than $6 million in 98 alone. Pioneer Robert J. OConnell also was an AIG executive until recently. (2000)

[...]

When Democrat Howard Dean was governor of Vermont, he and AIG urged corporations to dodge taxes by establishing bogus insurance subsidiaries there, which AIG managed.

Richard Holbrooke (Director), such an accomplished man!

William S. Cohen (Director), war profiteers never sleep.

Supreme Court overturns Arthur Anderson conviction

By Hope Yen
Associated Press
Published May 31, 2005, 9:55 AM CDT

In a unanimous opinion, justices said the former Big Five accounting firm’s June 2002 obstruction-of-justice conviction – which virtually destroyed Andersen – was improper. The decision said jury instructions at trial were too vague and broad for jurors to determine correctly whether Andersen obstructed justice.

“The jury instructions here were flawed in important respects,” Chief Justice William H. Rehnquist wrote for the court.

[...]

A ruling against Andersen would have had onerous consequences for businesses, whose discarding of files is an everyday occurrence. Experts say companies would have to keep all files for fear that any disposal, however innocent, could subject them to potential prosecution.

According to Andersen attorneys, notes and drafts of documents were thrown away under the firm’s document-retention policy in part because they were preliminary and could have been misconstrued.

Andersen’s appeal was backed by the National Association of Criminal Defense Lawyers. It argued in a friend-of-the-court filing that broad characterization of “obstruction” used in the jury instructions would also unfairly punish criminal attorneys who advise their clients to withhold evidence in legal ways.

Such a broad reading could open defense lawyers and others to prosecution if they merely advise clients of their rights to assert legal privileges or review document retention policies, the criminal defense group said.

The case is Andersen v. U.S., 04-368.

On the Net:

Supreme Court: http://www.supremecourtus.gov/

Gov’t Defends Arthur Anderson Prosecution
April 28, 2005 (Associated Press)

Most of Andersen’s 28,000 workers moved to other accounting firms; its U.S. operations now have fewer than 200 Chicago-based employees, who largely handle lawsuits.

On Tuesday, Andersen paid $65 million to settle another case, that of telecommunications company WorldCom, where regulators said Andersen should have sniffed out $11 billion in accounting fraud, the largest in U.S. history.

The Supreme Court fight is an effort that, if successful, will help shield the former partners at Andersen from any possible future litigation, according to Paul R. Brown, professor of accounting at New York University’s Stern School of Business.

Arthur Anderson was also the accounting firm for Qwest, Halliburton, and Harken Energy.

“A recently filed suit alleges that Mr. Cheney conspired, along with others at Halliburton, to file false financial statements and thereby mislead investors. The suit claims Halliburton’s deceptive accounting procedures led to overstatements of revenue amounting to as much as $445 million in a three-year period during Mr. Cheney’s tenure as CEO.”

Huck Gutman
July 14, 2002

But that has nothing to do with the decision, certainly.
Continue reading ‘Supreme Court overturns Arthur Anderson conviction’

Special Memorial Day Documentary

A Real Marine: No Place to Serve

On this Memorial Day weekend FSRN brings you an exclusive documentary, “A Real Marine: No Place to Serve”. Philippe Louis Jean is a non-citizen Marine who was among the first battalions to roll into Iraq when the war was declared. On his return, this young Haitian-American was arrested by immigration authorities and spent 10 months in prison as the government tried to deport him to Haiti, a country he left when he was 5. He told his story to FSRN’s Deepa Fernandes.

Free Speech Radio News/Pacifica Reporters Against Censorship

Updated @1428 5/30/05:


Casualties in Afghanistan & Iraq


AT LEAST 66,210 KILLED, 169,342 SERIOUSLY INJURED


Most recent update: May 24, 2005. All numbers are actual counts or lowest credible estimate.

“Over 600 Iraqis have been killed in just over a month. “

Pulitzer prize winning war reporter Sidney Schanberg, now writing a media column for The Village Voice, and James Rainey, whose article “Unseen Pictures, Untold Stories” (noticed by Joe here) was in the May 1st edition of the Los Angeles Times, appeared May 24th on Democracy NOW! with Aaron Glantz, reporter for Free Speech Radio News, Pacifica Reporters Against Censorship, and authour of the new book How America Lost Iraq. They were on the show to discuss “How The U.S. Press Has Sanitized The War in Iraq,” the topic of Schanberg’s, “Not a Pretty Picture,” an article I cited when giving the opinion that Operation Matador’s success seemed to be the absence of images surfacing, at least so far, of the kind featured by Schanberg.

Schanberg speaking to Amy Goodman:

Well, first of all, Jim is right about the danger in Iraq. It probably is it clearly is much more serious than in Vietnam because of the nature of that and this insurgency. But the truth is that you don’t come across these pictures unless you are actually at the scene, but the larger truth is that there are pictures because other people take them, and if the editors wanted them, people — journalists in Iraq and in the region would be trying to find pictures from local sources, someone with their own camera.

And Glantz, on past and present working conditions:

Well, I think there is the coordinated campaign at this time by the U.S. military and to some extent the new Iraqi government to prevent these stories from getting out. Al Jazeera, after broadcasting from the hospital in Fallujah in the May 2004 siege, was kicked out of the country and is still banned from Iraq. And if you watch Al Jazeera today, they will regularly read an announcement urging people to call and complain about the fact that they’re banned from Iraq. An Al Arabiya reporter, who went to Fallujah and was working on a documentary on Fallujah, was arrested by the Iraqi police a few weeks ago and held on bogus charges, and he was released, interestingly, when he gave over his tapes. A CBS News stringer covering the insurgency in Mosul was shot by the U.S. military, and after the military took him to the hospital, they didn’t release him. They found in his camera that he had been filming the resistance, and so they incarcerated him. So, there is something going on on the ground in Iraq to make sure that these images that were broadcast nationally and across the Arab world during the 2004 siege of Fallujah, that radicalized the population so much, that even as we have these mass sweeps, as you were saying today in West Baghdad, with more than 400 Iraqis arrested by the U.S. military, to make sure that people even on the ground in Iraq do not see those images.

Images and stories like these. (via buermann)

A point in need of a transfusion

Nine Inch Nails will not be appearing on the MTV Movie Awards. MTV objected to using a “straightforward, unmolested image” of George as a backdrop for their performance of a single released on April 18th in UK/Europe but not in North America.

The Hand That Feeds video can be seen here [3_17_05], the song goads consumers into getting up off their knees and telling the gov’t to fuck off. Yards more engaging than Eminen’s Mosh which pandered to the ABB crowd, and why MTV’s run scared from the performance, citing its “partisan political” nature. MTV has been a shameless corporate whore for years, gleefully grinding young brains into worm meal pudding, profitting from the compost. Too bad the showdown isn’t over a video backdrop of worthless, complicit Democrats servicing Bushazoids, a point the lyrics deliver, but now has an anemic pulse and should be rescued.

American Gothic

New version by Emad Hajjaj:


American Gothic

The original American Gothic.

via Sabbah’s Blog

The Enemy Within

2nd Lt. Ilario Pantano, the Marine accused of shooting two Iraqis in the back after ordering their handcuffs removed, has been cleared of premeditated murder charges and will not be reprimanded for using excessive force, despite loading a second magazine and firing up to 60 rounds into the men. Pantano, who had gone “to sniper school, one of the Marine Corps toughest,” was standing ten feet away from the men when he riddled them with bullets. Luckily for Pantano and the two men standing sentry the truck/white sedan wasn’t booby trapped, according to Joseph Farah, the reason Pantano forced the Iraqis to search it.

Hell’s Kitchen
By Steve Fishman

…a few weeks after arriving in Iraq, Pantanos platoon had been dispatched to a dusty house along a dirt road near Mahmudiya, in the Sunni triangle. It was an ordinary houseone story, concrete. According to intelligence, it had been taken over by Ali Baba, as Pantanos young Marines called the insurgents.

The intelligence seemed good, suspiciously good to Pantano. My senses, hed write later, were fully alert.

At the scene, Pantano divided his platoon of 40 Marines. He sent a dozen to raid the house. The remainder dispersed, guarding his flanks. As Marines approached the target, a white sedan backed out and drove away. Pantano radioed that hed take down the car. Pantano, 32, had with him a Navy medic, George Gobles, 21, whom everyone called Doc, and his new radio operator, Sergeant Daniel Coburn, 27.

Pantano yelled for the car to stop. When it didnt, two warning shots were fired. The occupants, a man in his thirties or forties and another about 18, both wearing man dresses, as the Marines called them, finally stopped and raised their hands. They were unarmed.

Pantano received word from the Marines whod taken the house. Theyd found a modest cache of arms and also some significant items, including stakes used to aim mortars.

Pantano, who earlier had the Iraqis put in plastic handcuffs, now had Doc Gobles cut the cuffs off, which he did with his trauma shears. Then Gobles marched the two prisoners to their vehicle, placed one in the open door of the front seat, the other in the open door of the rear seat. Pantano motioned to the prisoners to search the car. He ordered Gobles to post security at the front of the car; Sergeant Coburn at the rear. Both men turned their backs on Pantano and the Iraqis.

A short time later, the shots started. Gobles and Coburn spun around. Pantano, ten feet from the Iraqis, emptied his M-16s magazine, reloaded, emptied another. Later, Coburn recalled wondering when the lieutenant was going to stop, because it was obvious that they were dead. Photos, souvenirs taken by a Marine, would show one Iraqi nearly embracing the backseat of the car. The other lolled on his side, his head on the floorboard.

Coburn seemed distraught. He grabbed Gobles. What the hell just happened?

Dont worry, Gobles said to settle him. The blood is not on your hands.

The “new twist” reports are citing as the reason Pantano has been exonerated are autopsy reports perfomed on the exhumed bodies showing frontal entrance wounds. From the Washington Times:

Second Lt. Barry Edwards, a spokesman at Camp Lejeune, said Navy investigators arranged with family members to recover the bodies before the hearing and conducted the exhumation after Col. Winn’s report was completed.

The autopsies were completed last week at Armed Forces Institute of Pathology in Maryland and they supported Lt. Pantano’s statement that he shot the men as they came at him.

The WT included this in an April 27, 2005 report:

In a statement, Lt. Pantano has told investigators the two Iraqis had their backs to him and continued talking to each other despite warnings to be quiet.

“After another time of telling them to be quiet, they quickly pivoted their bodies toward each other. They did this simultaneously, while speaking in muffled Arabic. I thought they were attacking me and I decided to fire my M-16A4 service rifle in self-defense,” the statement said.

Yet according to the “souvenirs,” the photographic evidence, both men were still in the vehicle, one in front, one in the rear. If they pivoted toward each other they would have been facing each other over the seat, not sideways towards Pantano. “No weapons were found on the men, who were handcuffed as a Navy corpsman checked their car for weapons.” The corpsman was Navy medic George (Doc) Gobles, all three men agree on that, but if his search was cursory, as Pantano asserts, then firing 60 bullets into a possibly booby trapped vehicle whilst standing only ten feet away and two others under his command nearby, renders the reason he ordered the Iraqis to search it a sham, unless Pantano wanted to blow himself and his troops to hell.

“Lt Pantano gave up a six-figure salary as a Manhattan film company executive and left his pregnant wife, former model Jill Chapman, to go to Iraq as a platoon commander,” writes Brian Kates in The Daily Telegraph. Pantano, a veteran of the 1991 Gulf War, issued the following statement, introduced by The Washington Times as an e-mail sent to the paper:

“My family and I are grateful to our community in Wilmington [N.C.], to our friends, our families and to all of the Americans that have stood up to be counted when the chips were down.”

“As we approach this Memorial Day, thankful for so much, we will not forget those that have gone before and the families who have given the ultimate sacrifice. Semper Fidelis — we will always be faithful.”

Speaking to Steve Fishman for the New York Magazine article last month, Pantano was less formal:

As a boy in a two-bedroom apartment in Hells Kitchen, hed longed to be Lancelot. Now, he says, Im just trying to fucking shut these things down, he says, though sometimes, he adds, I can hardly fucking concentrate, I can hardly fucking see.

A few stars are out, though the woods behind the property are impenetrable. Suddenly, Pantano gets up, walks toward the fence. He heard a noise, Jill says. And so Second Lieutenant Pantano, his battalions best, moves to the perimeter, stares into the dark woods, scouting for the enemy.

He should look in the mirror.

Bring on the civil war?

Jurist

Iraqi Foreign Minister Hoshyar Zebari [CBS news profile] has asked the UN Security Council [official website] to renew resolution 1483 [UN summary], which mandated that a US-led multinational force remain in Iraq. Citing the latest wave of violence, and the limited number of trained Iraqi security forces, Zebari has asked that the resolution be extended until the political transition is completed, or until Iraq can provide for its security needs on its own. The council is expected to meet next week. AP has more.

Hoshyar Zebari, a Kurd, was the person meeting with Ahmad Chalabi’s nephew, Defence Minister Ali Allawi, at the time Chalabi’s home was raided by Coalition troops, who confiscated “10 computers and lots of files.” What ever became of that investigation?

Since Kurdish plans “to create a Kurdish super-province of Kurdistan” have led to “rapidly advancing plans to unite three of Iraq’s southern provinces (Basra, Dhiqar and Maysan) into one super-province with a distinctly Shiite cast,” all of which portend the collapse of whatever govt. there is in Iraq, I think it’s overly generous of the Jurist to title the entry, “Iraq asks Security Council to extend mandate for multinational force.”

Last link via Flagrancy to Reason, where I learned that Stan Goff has a blog.

M15 Spy Device Auction Removed by EBay

Because the auction was removed from EBay by EBay management, Sinn Fin is offering it for auction by email. Bidding ends at midnight Irish time Saturday 4th June 2005.
bid@sinnfeinbookshop.com


Current Verified highest bid: $4001.00 (at time of posting)

This auction is for part of a British MI5 bugging device found hidden in the floorboards of a Sinn Fin office in Belfast in September 2004. Included is a handwritten letter of authentication from Sinn Fin President Gerry Adams. The handwritten letter has been framed and there is a display board for the device.

This is a unique opportunity. A historical item such as this has never before been made available and its highly unlikely that it will happen again.

Sinn Fin Online Store

“Would Monsanto be hiding its safety studies if it didn’t have something to hide?”

The Independent
22 May 2005

When fed to rats it affected their kidneys and blood counts. So what might it do to humans? We think you should be told

The secret research we reveal today raises the potential health risks of genetically modified foods. Here, environment editor Geoffrey Lean, who has led this paper’s campaign on GM technology for the past six years, examines the new evidence. And he asks the questions that must concern us all: why is Monsanto, the company trying to sell GM corn to Britain and Europe, so reluctant to publish the full results of its alarming tests on lab rats? Why are our leaders so keen to buy the unproven technology against the wishes of consumers? And why is the man who first raised these concerns six years ago shunned by the scientific establishment and his former political masters?

[MORE]

Leaked Monsanto GM report causes uproar
25/05/2005

Published details of a Monsanto report are at the center of a new storm over whether genetically modified (GM) food could be harmful to human health, writes Anthony Fletcher

Details of the report, published by the Independent on Sunday in the UK, are alleged to show that rats fed the genetically modified (GM) corn MON 863 developed internal abnormalities, while these health problems were absent from another batch of rodents fed non-GM food as part of the research project.

The controversy comes as the Cartagena Biosafety Protocol summit meets in Montreal this week to discuss issues such as bulk labeling of GM crops and state liability in cases of contamination. Unsurprisingly therefore, food safety campaigners have pounced on the disclosure.

“Monsanto’s refusal to hand over animal feeding studies concerning its biotech corn is outrageous” Bill Freese, research analyst for Friends of the Earth US told FoodNavigator-USA.com

via GM WATCH
Continue reading ‘“Would Monsanto be hiding its safety studies if it didn’t have something to hide?”’