QUOTE OF THE DAY
"When I was Secretary of Defense, my biggest problem was with the Congress
of the United States. Now that I'm chairman and CEO of a Fortune 500
company, my biggest problem is the Congress of the United States."
- - Dick Cheney, at the Export-Import Bank Conference, May 8, 1997.
Rhino here:
First off, if you didn't catch HBO's new one up "Robin Williams Live On
Broadway" last night, check your HBO listings and see it. He does his usual
freight train style coverage of Shrub, Cheney, terrorists, religious
fundamentalists, The Catholic Church, antidepressents, viagra, etc etc. My
opinion, Robin is a national treasure.
For more humor on serious topics, check out yesterday's N.Y.Times for
Maureen Dowd's column entitled, "Rub-a-Dub in the Hot Tub" envisioning
Cheney & Rumsfeld dealing with Shrub & the emerging corporate scandals.
But seriously folks, can the ever emotionless Big Dick Cheney keep most of
the people thinking he's the common sense trustworthy elder we should be
grateful for having at the helm of the nation? Or will the truth be
distributed and known widely? Thanks to MoveOn.org for the following
tidbits:
During his five years as CEO of Halliburton, Dick Cheney nearly doubled the
size of Halliburton's government contracts, totaling $2.3 BILLION. He
convinced the Export-Import Bank of the U.S. to lend Halliburton and various
oil companies another $1.5 BILLION, backed by U.S. taxpayers. As exposed in
the article below, some of these loans went to a Russian company with ties
to drug dealing and organized crime.
http://www.public-i.org/story_01_080200.htm
Cheney claimed he supported U.S. sanctions on Iraq, but the Financial Times
of London reported that through foreign subsidiaries and affiliates,
Halliburton became the biggest oil contractor for Iraq, selling more than
$73 million in goods and services to Saddam Hussein's regime.
http://gwbush.com/spots/postpage.html
Here's a few interesting Cheney numbers:
- Cheney's 2000 income from Halliburton:
$36,086,635
- Increase in government contracts while Cheney led Halliburton:
91%
- Minimum size of "accounting irregularity" that occurred while Cheney was CEO:
$100,000,000 (One hundred MILLION dollars)
- Number of the seven official US "State Sponsors of Terror" that Halliburton contracted with:
2 out of 7
- Pages of Energy Plan documents Cheney refused to give congressional investigators:
13,500
- Amount energy companies gave the Bush/Cheney presidential campaign:
$1,800,000
Halliburton is now being investigated by the Securities and Exchange
Commission for Enron-style accounting practices that took place while Cheney
was CEO.
http://www.nytimes.com/2002/05/30/business/30HALL.html
In Tough Times, a Company Finds Profits in Terror War
By JEFF GERTH and DON VAN NATTA Jr.
NY Times - July 12
The Halliburton Company, the Dallas oil services company bedeviled lately by
an array of accounting and business issues, is benefiting very directly from
the United States efforts to combat terrorism. From building cells for
detainees at Guantánamo Bay in Cuba to feeding American troops in
Uzbekistan, the Pentagon is increasingly relying on a unit of Halliburton
called KBR, sometimes referred to as Kellogg Brown & Root.
Although the unit has been building projects all over the world for the
federal government for decades, the attacks of Sept. 11 have led to
significant additional business. KBR is the exclusive logistics supplier for
both the Navy and the Army, providing services like cooking, construction,
power generation and fuel transportation. The contract recently won from the
Army is for 10 years and has no lid on costs, the only logistical
arrangement by the Army without an estimated cost.
The government business has been well timed for Halliburton, whose stock
price has tumbled almost two-thirds in the last year because of concerns
about its asbestos liabilities, sagging profits in its energy business and
an investigation by the Securities and Exchange Commission into its
accounting practices back when Vice President Dick Cheney ran the
company....
TO SEE THE ENTIRE ARTICLE, GO TO:
http://www.nytimes.com/2002/07/13/business/13HALL.html?todaysheadlines
Reprinted under the Fair Use doctrine of international copyright
law ( http://www4.law.cornell.edu/uscode/17/107.html ).
All copyrights belong to original publisher.
Rhino's Weblog is the responsibility of The Rhino.
Gary Rhine
rhino@kifaru.com
http://www.kifaru.com
http://www.dreamcatchers.org
http://radio.weblogs.com/0103207/
8:18:48 AM 
|
