Obama’s Austerity Agenda And Sequestration

Obama’s Austerity Agenda And Sequestration

March 22, 2013 MEDIA ROOTS — “Both parties have conspired to bring us disaster,” says Professor William K. Black, a leading white collar criminologist, who also teaches economics and law at the University of Missouri-Kansas City. “This has strangled the recovery and may even put the economy back into recession.”  Professor Black gives a crucial [...]

Tab for alternate Afghan supply route hits $2.1 billion

ShareThis Tab for alternate Afghan supply route hits $ 2.1 billion 30 Jun 2012 Pakistan’s refusal to let NATO access its ports and roads into Afghanistan has cost the Pentagon more than $ 2.1 billion in extra transportation costs to move supplies and equipment in and out of the country. Defense Secretary Leon Panetta told [...]

Military computer upgrades 30 years behind schedule, cost $7 billion

ShareThis Military computer upgrades 30 years behind schedule, cost $ 7 billion 22 Jun 2012 Nine computer network upgrade projects across the Defense Department were collectively 30 years behind schedule and more than $ 7 billion over budget, government auditors have told Congress. The problems first identified in 2010 persist, the auditors told lawmakers in [...]

US Senate blocks bid to restore $4.5 billion for food aid

ShareThis US Senate blocks bid to restore $ 4.5 billion for food aid 20 Jun 2012 The US Senate has overwhelmingly rejected a bid to preserve some $ 4.5 billion in food stamps funding, as part of the massive farm bill. The request to keep that spending in the Supplemental Nutrition Assistance Program (SNAP), or [...]

BP Owes $192 Billion for Gulf Oil Disaster, Not $15 Billion Settlement It’s Seeking

ShareThis BP Owes $ 192 Billion for Gulf Oil Disaster, Not $ 15 Billion Settlement It’s Seeking 11 Jun 2012 On Friday, the Financial Times reported that BP is hoping to reach an agreement with U.S. authorities which would require it to pay under $ 15 billion to settle all criminal and civil penalties arising [...]

Scientists to build $1 billion city where no one will live

In what is being billed as the first of its kind, a billion-dollar futuristic town is being built in New Mexico, but humans need not apply. The new 15-square mile city will be built as a testing ground for new, cutting edge technologies. The Center for Innovation, Testing and Evaluation project will “help researchers test [...]

Barroso explains EU commission’s five billion € budget deficit

Barroso explains EU commission’s five billion € budget deficit. … !? Is this an April fools joke? Seriously, it’s so sick I can’t even tell any more. Yeah, they just send out bills …for €5 billion!? This is how the whole damn EU shit economy is going to work in the future as we learned [...]

States Negotiate $26 Billion Deal for Homeowners

ShareThis States Negotiate $ 26 Billion Deal for Homeowners 09 Feb 2012 After months of painstaking talks, government authorities and five of the nation’s biggest banks have agreed to a $ 26 billion settlement that could provide relief to nearly two million current and former American homeowners harmed by the bursting of the housing bubble, [...]

Exxon Mobil’s quarterly profit hits $9.4 billion

ShareThis Occupy Exxon Mobil: Exxon Mobil’s quarterly profit hits $ 9.4 billion 31 Jan 2012 Exxon Mobil Corp. said Thursday its fourth-quarter profit rose 2% to $ 9.4 billion, or $ 1.97 a share, from $ 9.25 billion, or $ 1.85 a share, in the year-ago period. The oil major earned $ 41.1 billion in [...]

Senate Approves $662 Billion ‘Defense’ Bill

ShareThis Senate Approves $ 662 Billion ‘Defense’ Bill 01 Dec 2011 Ignoring a presidential [phony] veto threat, the Democratic-controlled Senate on Thursday overwhelmingly approved a massive, $ 662 billion defense bill that would require the military to hold suspected terrorists linked to ‘al-Qaida’ or its affiliates, even those captured on U.S. soil. The vote was [...]