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Noteworthy News, Nota Bene News, NB News |
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Noteworthy Archives 2007 Noteworthy 2006+ Noteworthy  Operation
TIPS
TIA:
Total Information Awareness
NB: NOTA BENE 
    
 
 
 Pat
Roberts
- Secrets
Noteworthy
- Secret
Lewis
Libby - Dick
Cheney - Secrets |
NOTEWORTHY News:
 John
McCain -  Rick
Davis - Corporate
- Politics
- Federal
-  Housing
-  Va
- Law
- 2008
Election
"Unsevered Ties? Regulatory filings indicate that [2008 Election Republican Presidential Candidate John] McCain campaign chief Rick Davis remains an officer with his lobbying firm." ... "Rick Davis, John McCain's campaign manager, has remained the treasurer and a corporate director of his lobbying firm this year, despite repeated statements by campaign officials that he had ended his relationship with the firm in 2006, according to corporate records." ... "The McCain campaign this week criticized news stories disclosing that, since 2006, Davis's firm has been paid a $15,000-a-month consulting fee from Freddie Mac, the troubled [housing] mortgage giant recently put under federal conservatorship. The stories, published Tuesday by NEWSWEEK, The New York Times and Roll Call, reported that the consulting fees continued until last month even though, according to two sources familiar with the arrangement, neither Davis nor anybody else at his firm did any substantial work for the payments." ... "Filings made by "Davis Manafort Partners" with the Virginia Corporation Commission as recently as April 1, 2008, show that Davis was still listed as one of only two corporate officers and directors of the firm, according to records on the commission’s Web site [PDF] reviewed by NEWSWEEK. That filing records Davis as the "treas/clerk" of the firm; his business partner, Paul Manafort is listed as the president and chief executive officer." ... "Another filing by “Davis Manafort, Inc.” [PDF] (with the same Alexandria, Va. [Virginia] address, and recorded on Oct. 17, 2007) also lists Davis as an officer and director of the firm, reporting his position as "T/Clerk," a reference to his formal title as corporate treasurer and clerk." ... "Both filings are annual reports of basic corporate information that are required by Virginia state law." -By Michael Isikoff -Newsweek
 Dick
Cheney -  Henry
Paulson
- Corporate
- Government
- Lawmakers
- Politics
"White House Dispatches Team to Push Economic Bill." ... "The White House today is drumming up extraordinary pressure on Congress to approve its plan to enact a $700 billion mortgage bailout fund, suggesting the markets cannot wait much longer and dispatching Vice President Cheney and other top officials up Pennsylvania Avenue to jawbone lawmakers." ... "Treasury Secretary Henry Paulson and Federal Reserve Chairman Ben Bernanke, who collaborated in drawing up the proposal, are testifying this morning on Capitol Hill in an effort to defend their handiwork." ... "[Republican President Bush's Deputy Press Secretary Tony] Fratto insisted that the plan was not slapped together and had been drawn up as a contingency over previous months and weeks by administration officials. He acknowledged lawmakers were getting only days to peruse it, but he said this should be enough." -By Keith Koffler -RollCall.com
Henry
Paulson
- Corporate
- Government
- Illegal
-  Accounting
- Politics
- History
- US
-  Global
"Can you trust a Wall Street veteran with a Wall Street bailout?" ... "Making the rounds on the Sunday morning talk shows, [Republican President Bush's] Treasury Secretary Henry Paulson repeatedly said today's financial problems were long in the making. He should know. He was part of the Gold Rush that has brought the global financial system to the brink of collapse." ... "Paulson presided over one of the most profitable runs on Wall Street as chairman and chief executive officer of investment banking titan Goldman Sachs & Co. from 1999 until [Republican] President Bush nominated him on May 30, 2006 to take over the Treasury Department." ... "But with Paulson now seeking virtually unfettered authority to administer the largest bailout of the financial industry in U.S. [United States] history, many are wondering whether Paulson also doesn't come with enormous potential conflicts of interest." ... "Paulson has surrounded himself with former Goldman executives as he tries to navigate the domino-like collapse of several parts of the global financial market. And others have gone off to lead companies that could be among those that receive a bailout." ... "The administration's draft law also would preclude court review of steps Paulson might take, something Joshua Rosner, managing director of economic researcher Graham Fisher & Co. in New York, said could be used to mask previous illegal activity." ... "The Treasury proposal sent to Congress also offers no process to hire asset managers in an open and competitive process. That's particularly questionable given that Wall Street players are now hiring Wall Street players, Rosner said." ... ""This seems to invite a risk of collusion between sellers and buyers to the detriment of the taxpayer," he wrote." ... "At a minimum, there's irony in Paulson being in charge of so large a bailout." ... "In the last annual report at Goldman that Paulson signed off on in November 2005, a year in which he received $38 million in compensation, investors were clearly told that the federal government wouldn't be there to save them from bad investments." ... "In 2002, Paulson received $12.1 million in compensation, including a $6.3 million bonus — an improvement over the previous three years when Wall Street accounting scandals unsettled investment banks, including a $1.5 billion settlement Goldman and other banks paid for issuing overly bullish research reports that promoted deals the banks themselves were involved in." ... "Published reports said Paulson received $30 million in compensation and salary in 2003." -By Kevin G. Hall -McClatchyDC.com
Henry
Paulson
- Government
- Money
- Politics
- Law
- American
International Group -  Calif
"Bush Asking For $700 Billion Bailout." ... "Struggling to stave off financial catastrophe, the [Republican President] Bush administration on Friday laid out a radical bailout plan with a jawdropping price tag _ a takeover of a half-trillion dollars or more in worthless mortgages and other bad debt held by tottering institutions." ... "Congressional officials said they expected a request for legal authority to buy up the bad loans, at a cost in excess of $500 billion to the government." ... "The federal government already has pledged more than $600 billion [Reuters reports: $900 billion] in the past year to bail out, or help bail out, some of the biggest names in American finance. That includes the rescue of investment bank Bear Stearns in March, the takeover of mortgage giants Fannie Mae and Freddie Mac earlier this month and the takeover of the world's largest insurance company, American International Group, just this week." ... "In a session with House Democrats, they described a plan where the government would in essence set up reverse auctions, putting up money for a class of distressed assets _ such as loans that are delinquent but not in default _ and financial institutions would compete for how little they would accept for the investments, said [California Democratic Representative] Rep. Brad Sherman, D-Calif. [Democratic-California], who participated in the call." ... ""You give them good cash; they give you the worst of the worst," Sherman said of the plan, which he complained that Bush and his economic advisers were trying to panic lawmakers into rubber-stamping." ... "[Republican President Bush's Treasury Secretary Henry] Paulson rejected Democrats' calls to include tighter regulations, corporate reforms or limits on executive compensation as part of the measure, Sherman said. "He's doing his best to paint a picture of the sky falling, and then he says, because the sky's falling, you have to do it my way."" -By Tom Raum and Jeannine Aversa with contributions by Julie Hirschfeld Davis, Martin Crutsinger, Andrew Taylor, Marcy Gordon, David Espo, Jim Abrams, and Joe Bel Bruno -AP via -HuffingtonPost.com
Noteworthy
- Emergency
- Money
- Politics
- Legal
- History
- AIG
"U.S. to Take Over AIG in $85 Billion Bailout; Central Banks Inject Cash as Credit Dries Up: Emergency Loan Effectively Gives Government Control of Insurer; Historic Move Would Cap 10 Days That Reshaped U.S. [Unijted States] Finance." ... "[Under Republican President Bush] The U.S. government seized control of American International Group Inc. -- one of the world's biggest insurers -- in an $85 billion deal that signaled the intensity of its concerns about the danger a collapse could pose to the financial system." ... "The step marks a dramatic turnabout for the federal government, which had been strongly resisting overtures from AIG for an emergency loan or some intervention that would prevent the insurer from falling into bankruptcy. Just last weekend, the government essentially pulled the plug on Lehman Brothers Holdings Inc., allowing the big investment bank to go under instead of giving it financial support. This time, the government decided AIG truly was too big to fail." ... "Under terms hammered out Tuesday night, the Fed will lend up to $85 billion to AIG, and the U.S. government will effectively get a 79.9% equity stake in the insurer in the form of warrants called equity participation notes. The two-year loan will carry an interest rate of Libor plus 8.5 percentage points. (Libor, the London interbank offered rate, is a common short-term lending benchmark.)" ... "The loan is secured by AIG's assets, including its profitable insurance businesses, giving the Fed some protection even if markets continue to sink. And if AIG rebounds, taxpayers could reap a big profit through the government's equity stake." ... "It puts the government in control of a private insurer -- a historic development, particularly considering that AIG isn't directly regulated by the federal government. The Fed took the highly unusual step using legal authority granted in the Federal Reserve Act, which allows it to lend to nonbanks under "unusual and exigent" circumstances, something it invoked when Bear Stearns Cos. was rescued in March." ... "The U.S. on Sept. 6 took over mortgage-lending giants Fannie Mae and Freddie Mac as they teetered near collapse." ... "In bailing out AIG, the Federal Reserve appeared to be motivated in part by worries that Wall Street's financial crisis could begin to spill over into seemingly safe investments held by small investors, such as money-market funds that invest in AIG debt." ... "Indeed, on Tuesday the $62 billion Primary Fund from the Reserve, a New York money-market firm, said it "broke the buck" -- that is, its net asset value fell below the $1-a-share level that funds like this must maintain. Breaking the buck is an extremely rare occurrence. The fund was pinched by investments in bonds issued by now collapsing Lehman Brothers." ... "Money-market funds are supposed to be among the safest investments available. No fund in the $3.6 trillion money-market industry has lost money since 1994, when Orange County, Calif., went bankrupt. A number of money-market funds own securities issued by AIG. The firm is also a big insurer of some money-market instruments." -By Matthew Karnitschnig, Deborah Solomon, Liam Pleven and Jon E. Hilsenrath with contributions by Diya Gullapalli, Serena Ng, Damian Paletta and Ashby Jones-WSJ.com
 Sarah
Palin - John
McCain -  Criminal
- Politics
-  Women
-  Children
-  Safety
- Law
- Money
- Religion
-  Alaska
- 2008
Election
"Critics Question Palin's Record on "Epidemic" Rape, Domestic Violence in Alaska: Effort to Tackle Sex Violence Stalled by [2008 Election Republican Vice Presidential Candidate Sarah] Palin's Office, Sources Say." ... "Evangelicals and social conservatives have embraced [2008 Election Republican Presidential Candidate John] McCain's vice presidential pick for what they call her "pro-family," "pro-woman" values. But in Alaska, critics say [Alaska Republican Governor] Gov. Sarah Palin has not addressed the rampant sexual abuse, rape, domestic violence and murder that make her state one of the most dangerous places in the country for women and children." ... "Alaska leads the nation in reported forcible rapes per capita, according to the FBI [Federal Bureau of Investigation], with a rate two and a half times the national average – a ranking it has held for many years. Children are no safer: Public safety experts believe that the prevalence of rape and sexual assault of minors in Alaska makes the state's record one of the worst in the U.S. [United States] And while solid statistics on domestic violence are hard to come by, most – including Gov. Palin – agree it is an "epidemic."" ... "Despite the governor's pro-family image, public safety experts and advocates for women and children struggled when asked to explain how Palin's leadership has helped address the crisis. And current and former officials from Palin's administration confirmed that an ambitious plan to tackle the crisis has apparently sunk into doldrums after arriving at the governor's office." ... ""She's really done a lot of work on oil and gas, but when it comes to violence against women and children. . . we haven't been on her radar as a priority," said Peggy Brown, executive director of the Alaska Network on Domestic Violence and Sexual Assault. The Juneau[Alaska's capital]-based group is an umbrella organization for shelters and anti-violence programs around the state." ... "State troopers respond to most domestic violence calls outside of Alaska's major cities, but they're too short-staffed and under-funded to do it well, according to Robert Claus, a recently retired trooper." (1, 2, 3) -By Justin Rood -ABCNEWS.com
Sarah
Palin -  Rove
-  Abramoff
-  E-Mail
- Secrecy
- Government
-  Archive
- Politics
- Legal
- Investigation
-  Computer
-  Internet
- Tech
- Alaska
- 2008
Election
"Even before VP nomination, Palin's e-mail use questioned." ... "Moments after [2008 Election Republican Vice Presidential Candidate and Alaska Governor] Gov. Sarah Palin's first speech as Republican [2008 Election Presidential Candidate] John McCain's running mate, she sat with her kids backstage, thumbing one of the two BlackBerrys that are always with her." ... "The tech-savvy governor has one of the devices (which allow users to read and send e-mails) for state business and another for personal matters, but those worlds intertwine." ... "Palin routinely uses a private Yahoo e-mail account to conduct state business. Others in the governor's office sometimes use personal e-mail accounts, too." ... "The practice raises questions about backdoor secrecy in an administration that vowed during the 2006 campaign to be "open and transparent."" ... "Even before the McCain campaign plucked Palin from Alaska, a controversy was brewing over e-mails in the governor's office. Was the administration trying to get around the public records law through broad exemptions or private e-mail accounts?" ... "The governor's Yahoo account is "the most nonsensical, inane thing I've ever heard of," said Andree McLeod, who is appealing the administration's decision to withhold e-mails." ... ""The governor sets the tone and the tone that has been set by this governor is beyond the pale," McLeod said. "Common sense tells you to use an official state e-mail account for official state business."" ... "State lawyers say that the governor's e-mails about public business should be treated like any other public record, even if she's sent them through a private account such as Yahoo." ... "Some of her aides also routinely use Yahoo, but even messages sent from one private account to another should be public, if they concern public business, said Dave Jones, an assistant attorney general." ... ""The difficulty is finding out they exist," Jones said." ... "The [Republican President] Bush administration has drawn heat over revelations that more than 80 White House aides, including senior Bush adviser Karl Rove, used private GOP e-mail servers for government business. The controversy surfaced during congressional investigations into White House contacts with convicted lobbyist Jack Abramoff and into the firings of U.S. attorneys." -By Lisa Demer -ADN.com via -McClatchyDC.com
Sarah
Palin -  Terrorism
- Politics
- US
- Iraq
- Military
- Intelligence
- 2008
Election
"Out of bounds! Palin confuses Iraq with al Qaida." ... "Throw the flag on: [2008 Election Republican Vice Presidential Candidate] Sarah Palin." ... "Call: Pass interference." ... "What Happened: On the 7th anniversary of the [September] Sept. 11, 2001 terrorist attacks, Palin linked Iraq to those attacks. " ... "Why that's wrong: The bipartisan National Commission on Terrorist Attacks Upon the United States said it found "no credible evidence that Iraq and al Qaida cooperated on attacks against the United States."" ... "The panel also said that contacts between al Qaida and Iraq before the attacks "do not appear to have resulted in a collaborative relationship."" ... "The group's conclusion confirmed similar findings by the CIA [Central Intelligence Agency] and other U.S. intelligence agencies. [Republican] President Bush, who once claimed such a pre 9-11 connection to Iraq, has since backed off." -By Steven Thomma -McClatchyDC.com
Corporate
-  Oil
-Government
- Political
- Accounting
- Legal
- Investigation
-  Drugs
"Sex, drug use and graft cited in U.S. agency scandal." ... "As Congress prepares to debate expansion of drilling in taxpayer-owned coastal waters, the Interior Department agency that collects oil and gas royalties has been caught up in a wide-ranging ethics scandal — including allegations of financial self-dealing, accepting gifts from energy companies, cocaine use and sexual misconduct." ... "In three reports delivered to Congress on Wednesday, the department's inspector general, Earl E. Devaney, found wrongdoing by a dozen current and former employees of the Minerals Management Service, which collects about $10 billion in royalties annually and is one of the government's largest sources of revenue other than taxes." ... ""A culture of ethical failure" pervades the agency, Devaney wrote in a cover memo." ... "The reports portray a dysfunctional organization that has been riddled with conflicts of interest, unprofessional behavior and a free-for-all atmosphere for much of the [Republican President] Bush administration's watch." ... "The highest-ranking official criticized in the reports is Lucy Denett, the former associate director of minerals revenue management, who retired earlier this year as the inquiry was progressing." ... "One former official named in the report, Jimmy Mayberry, pleaded guilty to a felony conflict-of-interest charge in August and faces a sentence of up to five years in prison and a $250,000 fine." ... "In late 2002, when he was about to retire from the government, Mayberry drafted a "statement of work" for a consulting contract to perform essentially identical functions to his own. He then retired, started a company, and in June 2003 won the contract with the help of Denett and Milton Dial, another friend at the agency who later went to work for Mayberry." ... "Denett did not return a message left at her home on Wednesday with her husband, Paul Denett, who was the top procurement official in the [President Bush] White House Office of Management and Budget until he resigned this month. He declined to comment." ... "The other high-ranking official the Justice Department has declined to prosecute is Gregory Smith, the former program director of the royalty-in-kind program." ... "Some 19 officials — a third of the program's staff — took gifts from oil and gas executives, some with "prodigious frequency."" ... "On one occasion, the report said, the royalty-in-kind program allowed a Chevron representative who won a bid to purchase some of the government's oil to pay taxpayers a lower amount than his winning offer because he said he had made a mistake in his calculations. A report from Devaney's office earlier this year found that the program had frequently allowed companies that purchase the oil and gas to revise their bids downward after they won contracts. It documented 118 such occasions that cost taxpayers about $4.4 million in all." (1, 2, 3) -By Charlie Savage -NYTimes via -IHT.com
Henry
Paulson
- Government
- Money
- Housing
- Politics
- Historic
"U.S. seizes Fannie and Freddie: Treasury chief Paulson unveils historic government takeover of twin mortgage buyers. Top executives are out." ... "Federal officials on Sunday unveiled an extraordinary takeover of Fannie Mae and Freddie Mac, putting the government in charge of the twin mortgage giants and the $5 trillion in home loans they back." ... "The move, which extends as much as $200 billion in Treasury support to the two companies, marks Washington's most dramatic attempt yet to shore up the nation's housing market, which is suffering from record foreclosures and falling prices." ... "The sweeping plan, announced by Treasury Secretary Henry Paulson and James Lockhart, director of the Federal Housing Finance Agency, places the two companies into a "conservatorship" to be overseen by the Federal Housing Finance Agency. Under conservatorship, the government would temporarily run Fannie and Freddie until they are on stronger footing." ... "Freddie CEO Richard Syron and Fannie CEO Daniel Mudd will no longer run the agencies, while the FHFA will assume control of the boards." ... "The government, in agreeing to backstop the firms, said it would receive $1 billion in each company's senior preferred stock. The government will also receive a quarterly dividend payment and the right to own 79.9% of each company." ... "Fannie and Freddie have become virtually the only source of funding for banks and other home lenders looking to make home loans. Their ability to do so is crucial to the recovery of the battered home market and the broader U.S. economy." ... "The two firms buy loans, attach a guarantee, then sell securities backed by the loans' income stream. All told, they own or back $5.4 trillion worth of home debt - half the mortgage debt in the country." ... "The cost of the government intervention remains unclear however. Experts argue that it will depend in large part on the structure of the rescue, the direction of home prices and mortgage default rates." ... "Still it seems almost certain it will run into the billions and will most likely eclipse such other high-profile government bailouts including than the Federal Reserve's $29 billion backing of Bear Stearns assets when it was taken over by J.P. Morgan Chase." -By David Ellis with contributions by Tami Luhby and Patricia Sellers -CNN
John
McCain - Sarah
Palin - Law
- Politics
- Investigation
- Alaska
- 2008
Election
"Team McCain and the Trooper: Nominee's ally moves to curb probe of Palin." ... "Key Alaska allies of [2008 Election Republican Presidential Candidate] John McCain are trying to derail a politically charged investigation into [2008 Election Republican Vice Presidential Candidate and Alaska Governor] Gov. Sarah Palin's firing of her public safety commissioner in order to prevent a so-called "October surprise" that would produce embarrassing information about the vice presidential candidate on the eve of the election." ... "In a move endorsed by the McCain campaign Friday, John Coghill, the GOP [GOP=Grand Old Party=Republican chairman of the state House Rules Committee, wrote a letter seeking a meeting of Alaska's bipartisan Legislative Council in order to remove the Democratic state senator in charge of the so-called "troopergate" investigation." ... "The move underscored the huge political stakes in the outcome of a legislative investigation that is being closely monitored by both the McCain and Obama campaigns because of its potential impact on the fall election. "How can this possibly be read as anything but a partisan attempt to shut down a legitimate investigation that was approved and funded with bipartisan support?" said one state Democratic legislative aide, who asked not to be identified because of the political sensitivities. Coghill told NEWSWEEK that he decided to write his letter to strip French of his position on his own-without any coaxing by McCain campaign officials." ... "But a top McCain campaign official acknowledged that the GOP lawyer had given the campaign a "heads up" about his letter and that the McCain campaign approved of the effort to remove French." ... "One major reason the probe is so sensitive is that it raises the prospect that Governor Palin's credibility could be called into a question in a major state probe on the eve of the election. When the "troopergate" story broke over the summer, Palin adamantly denied that anybody in her administration exerted any pressure on Monegan to fire Wooten. But only weeks later, a tape recording surfaced in which another one of her top aides, Frank Bailey, was heard telling a police lieutenant, "Todd and Sarah are scratching their heads, 'Why on earth hasn't this, why is this guy [Wooten] still representing the department?'" ... "... Bailey also confirmed ... that Palin had herself raised Wooten's name with the state police during her first security briefing after she won election as governor in November 2006." (1, 2, 3) -By Michael Isikoff and Mark Hosenball -Newsweek
Sarah
Palin -  Ted
Stevens -  Don
Young - Federal
- Money
- Politics
- Alaska
- Oil
- Law
- 2008
Election
"Palin's earmark requests: more per person than any other state: GOP [GOP=Grand Old Party=Republican] vice presidential candidate Alaska [Governor] Gov. Sarah Palin touts her record as a reformer who worked to end the "abuses of earmark spending in Congress." But Palin has embraced earmarks from early on in her career as a mayor of Wasilla [Alaska] to the governor's mansion in Juneau [Alaska's capital]. Just this year she sent to [Alaska Republican Senator] Sen. Ted. Stevens a proposal for 31 earmarks totaling $197 million — more, per person, than any other state." ... "Palin's requests to Congress came at a time of huge federal deficits, while Alaska state revenue was soaring due to rising oil prices and a major tax increase on oil production that Palin signed into law in late 2007." ... "As a result, Alaska this year was in such a money-flushed condition — with no state income tax or sales tax and total state revenues of $10 billion, double the previous year's — that Palin gained legislative approval for $1,200 cash payments to every Alaskan." ... "In addition, each Alaska resident gets an annual dividend check, about $2,000 this year, from Alaska's oil-wealth savings account, known as the Permanent Fund, now fattened to more than $35 billion." ... ""She was hungry for earmarks just like everybody else," said Larry Persily, who worked at the Alaska state office in Washington, D.C., until earlier this year. "Everyone was feeding at the trough."" ... "Before she left office, Wasilla, with aid of the lobbyist and the blessing of Stevens and [Alaska Republican Representative] Rep. Don Young, got $27 million in earmarks, according to the nonpartisan Taxpayers for Common Sense." ... "During her fall 2006 campaign for governor, Palin appeared to embrace the so-called "Bridge to Nowhere," even after Alaska had been held up for ridicule by McCain and others for what was seen as a wasteful boondoggle, a $233 million bridge that would replace ferry service connecting [Alaska's] Gravina Island and its Ketchikan airport to mainland Ketchikan [Alaska]." ... "In a debate, Palin said she would fight for the earmark to build the bridge." ... "Last year, Palin requested $254 million in earmarks[....]" -By Hal Bernton and David Heath-SeattleTimes
Sarah
Palin - Alaska
- 2008
Election - Politics
"Founder Of Group Palin Courted Professed "Hatred For The American Government"; Cursed "Damn Flag"." ... "The founder of the Alaska Independence Party -- a group that has been courted over the years by [2008 Election Republican Vice Presidential Candidate and Alaska Governor] Sarah Palin, and one her husband was a member of for roughly seven years -- once professed his "hatred for the American government" and cursed the American flag as a "damn flag."" ... "The AIP founder, Joe Vogler, made the comments in 1991, in an interview that's now housed at the Oral History Program in the Rasmuson Library at the University of Alaska, Fairbanks." ... ""The fires of hell are frozen glaciers compared to my hatred for the American government," Vogler said in the interview, in which he talked extensively about his desire for Alaskan secession, the key goal of the AIP." ... ""And I won't be buried under their damn flag," Vogler continued in the interview, which also touched on his disappointment with the American judicial system. "I'll be buried in Dawson. And when Alaska is an independent nation they can bring my bones home."" ... "At another point, Volger advocated renouncing allegiance to the United States. In the course of denouncing Federal regulation over land, he said:" ... ""And then you get mad. And you say, the hell with them. And you renounce allegiance, and you pledge your efforts, your effects, your honor, your life to Alaska."" ... "You can listen to audio of the relevant section of the Volger interview here." ... "Palin has courted the group over the years." ... "Three years after the controversial interview, in 1994, Palin attended the group's annual convention, according to witnesses who spoke to ABC News' Jake Tapper." ... "The [2008 Election Republican Presidential Candidate John] McCain campaign has confirmed she visited the group's 2000 convention, and she addressed its convention this year [2008], as an incumbent governor whose oath of office includes upholding the Constitution of the United States." ... "Palin's husband, Todd Palin, was a member of the party from 1995-2002 with a brief exception in 2000." -By Greg Sargent -TPMElectionCentral .TalkingPointsMemo
Sarah
Palin - John
McCain - Ted
Stevens - Money
- Politics
- Government
- Alaska
-  Transportation
- Construction
- History
-  Ohio
- 2008
Election
"Palin backed 'bridge to nowhere' in 2006." ... "In her nationally televised speech accepting the job as [2008 Election Republican Presidential Candidate] John McCain's running mate, Alaska [Republican Governor] Gov. Sarah Palin said she "championed reform to end the abuses of earmark spending by Congress" and opposed federal funding for a controversial bridge to a sparsely populated island." ... "[However] While running for governor in 2006, though, Palin backed federal funding for the infamous bridge, which McCain helped make a symbol of pork barrel excess." ... "And as mayor of the small town of Wasilla [Alaska] from 1996 to 2002, Palin also hired a Washington lobbying firm that helped secure $8 million in congressionally directed spending projects, known as earmarks, according to public spending records compiled by the watchdog group Citizens Against Government Waste and lobbying documents." ... "Wasilla's lobbying firm was headed by Steven Silver — a former chief of staff to Alaska [Republican Senator] Sen. Ted Stevens, a key proponent of the bridge project." ... ""We need to come to the defense of Southeast Alaska when proposals are on the table like the bridge, and not allow the spinmeisters to turn this project or any other into something that's so negative," Palin said in August 2006, according to the Ketchikan Daily News."" -By Ken Dilanian -USATODAY
US
- Iraq
- Military
- Money
-  PA
"U.S. increases spending on contractors in Iraq." ... "The United States is spending more money than ever on private security contractors in Iraq as thousands of troops return home amid steady declines in insurgent attacks, federal records show." ... "This year, spending on contractors, who protect diplomats, civilian facilities and supply convoys, is projected to exceed $1.2 billion, according to federal contract and budget data obtained by USA TODAY. Most of that bill — about $1 billion —is State Department spending, which is up 13% over 2007. The remaining $200 million covers Pentagon contracts." ... "A Congressional Budget Office report released this month showed that U.S. agencies spent a total of $85 billion on contractors of all types in Iraq from 2003 through 2007 — about 20% of all U.S. spending for operations in the country during that period." ... "Some security costs may be undocumented because they're buried inside contracts for other services, the report said." ... "That's an unacceptable lack of clarity, says [Pennsylvania Democratic Representative] Rep. John Murtha, D-Pa [Democratic-Pennsylvania]., who chairs the House subcommittee that controls defense spending. He has proposed to cut $4.5 billion from contracting accounts in next year's defense budget and add $943 million to other Pentagon accounts so more of the work can be shifted to civilian government employees." -By Peter Eisler -USATODAY |
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