Posts Tagged ‘Fraud’
Post Carbon Institute June, 2011
Last weekend, the New York Times published a series of articles that — through leaks from EIA officials and natural gas industry insiders — corroborated the findings of our landmark report, Will Natural Gas Fuel America in the 21st Century?: Don’t believe the hype about plentiful U.S. natural gas supplies.
Of course, the controversy over natural gas is far from over, and PCI continues to provide energy realism and literacy to the debate. This week, PCI Fellow David Hughes published an analysis of two contradictory studies assessing the greenhouse gas emissions of shale gas vs. coal. The conclusion? Shale gas is worse for the climate over a 30-50 year timeframe.
From hot air to deflating (economic) balloons… We were blown away to receive nearly 600 orders in the span of 12 hours for Senior Fellow Richard Heinberg’s newest book, The End of Growth: Adapting to Our New Economic Reality. In the video above, Richard Heinberg, author of “The Party’s Over” and leading peak oil educator, talks about the future of our ‘growth’ society.
HillBillyReport Tue Dec 07, 2010
compromise- A concession to something detrimental or pejorative: a compromise of morality.
With the announcement that the Administration will indeed roll over to Republicans once again one thing is ringing true. In the political arena when these “compromises” are reached the only folks that are expected to give anything up are Progressives, and working America. When we had huge majorities in Congress and the White House still Progressives were expected to concede everything. Now it has become apparent that once again we are the only ones to sacrifice. One begins to wonder if this is not the way it was meant all along.
The sad fact is that in the spirit of “bi-partisanship” these were not compromises but capitulations. You see, with a compromise both sides are expected to sacrifice. However, with the weakness and cowardice of our Democratic leadership starting at the top with the President Progressives never receive anything in return. This is called cowardice, not compromise.
Especially when the public as a whole supports your position. On these tax cuts as with the public option, a majority of Americans favored asking the greediest and least patriotic to pay their fair share. Yes, poll after poll showed the American people favored ending these cuts but still our President was too timid to stand up to the Mitch McConnells and the John Boehners of the world who will never be satisfied until we have a two-class society run by the elites. Folks like them and yes, President Obama.
Truth is where you find it
November 1, 2010
You may think that a nurse without an academic degree in economics would not be a good source of information about the ticking Debt Bomb that Wall Street lobbed into world financial markets in the last decade.
If you thought that you’d be wrong. Lisa Epstein offers what may be the clearest, to-the-point explanation of the astonishingly long chain of fraud behind the so called “mortgage-backed security” crisis I’ve heard.
Following her is Professor William Black who backs up her common sense analysis and points out that there have been more than one million cases of mortgage fraud per year- but no convictions.
Remember, while the Fed may have taken this “bad paper” off the books of a few banks, it’s done nothing for the thousands of pension plans, colleges, foundations, local government accounts and other funds that were sold this garbage.
This stuff was sold as AAA paper and was sold by the trillions. It’s everywhere.
For more Banking malfeasance videos, click here
Luther’s case is not an isolated incident. In the past three years, The Nation has uncovered more than two dozen cases like his from bases across the country. All the soldiers were examined, deemed physically and psychologically fit, then welcomed into the military. All performed honorably before being wounded during service. None had a documented history of psychological problems. Yet after seeking treatment for their wounds, each soldier was diagnosed with a pre-existing personality disorder, then discharged and denied benefits.
The Nation Joshua Kors
The mortar shell that wrecked Chuck Luther’s life exploded at the base of the guard tower. Luther heard the brief whistling, followed by a flash of fire, a plume of smoke and a deafening bang that shook the tower and threw him to the floor. The Army sergeant’s head slammed against the concrete, and he lay there in the Iraqi heat, his nose leaking clear fluid.
“I remember laying there in a daze, looking around, trying to figure out where I was at,” he says. “I was nauseous. My teeth hurt. My shoulder hurt. And my right ear was killing me.” Luther picked himself up and finished his shift, then took some ibuprofen to dull the pain. The sergeant was seven months into his deployment at Camp Taji, in the volatile Sunni Triangle, twenty miles north of Baghdad. He was determined, he says, to complete his mission. But the short, muscular frame that had guided him to twenty-two honors–including three Army Achievement Medals and a Combat Action Badge–was basically broken. The shoulder pain persisted, and the hearing in his right ear, which evaporated on impact, never returned, replaced by the maddening hum of tinnitus.
Then came the headaches. “They’d start with a speckling in the corner of my vision, then grow worse and worse until finally the right eye would just shut down and go blank,” he says. “The left one felt like someone was stabbing me over and over in the eye.”
Doctors at Camp Taji’s aid station told Luther he was faking his symptoms. When he insisted he wasn’t, they presented a new diagnosis for his blindness: personality disorder.
“To be told that I was lying, that was a real smack in the face,” says Luther. “Then when they said ‘personality disorder,’ I was really confused. I didn’t understand how a problem with my personality could cause deafness or blindness or shoulder pain.”
For three years The Nation has been reporting on military doctors’ fraudulent use of personality disorder to discharge wounded soldiers [see Kors, "How Specialist Town Lost His Benefits," April 9, 2007]. PD is a severe mental illness that emerges during childhood and is listed in military regulations as a pre-existing condition, not a result of combat. Thus those who are discharged with PD are denied a lifetime of disability benefits, which the military is required to provide to soldiers wounded during service. Soldiers discharged with PD are also denied long-term medical care. And they have to give back a slice of their re-enlistment bonus. That amount is often larger than the soldier’s final paycheck. As a result, on the day of their discharge, many injured vets learn that they owe the Army several thousand dollars.
According to figures from the Pentagon and a Harvard University study, the military is saving billions by discharging soldiers from Iraq and Afghanistan with personality disorder.