Travis Twiggs RIP

Wow, reading about this has left me in tears.

Marine who died after cross-state chase wrote of war stress

By ARTHUR H. ROTSTEIN – 9 hours ago

TUCSON, Ariz. (AP) — Last month, Marine Staff Sgt. Travis N. "T-Bo" Twiggs went to the White House with a group of Iraq war veterans called the Wounded Warriors Regiment and met the president.

Twiggs had been through four tours in Iraq, one in Afghanistan and months of therapy for post-traumatic stress disorder in which he said he was on up to 12 different medications.

"He said, `Sir, I've served over there many times, and I would serve for you any time,' and he grabbed the president and gave him a big hug," said Kellee Twiggs, his widow.

About two weeks later, Travis Twiggs went absent without leave from his job in Quantico, Va.

He and his brother drove to the Grand Canyon, where their car was found hanging in a tree in what appeared to be a failed attempt to drive into the chasm.

The brothers carjacked a vehicle at the park Monday. Two days later they were at a southwestern Arizona border checkpoint, and took off when they were asked to pull into a secondary inspection area, Border Patrol spokesman Michael Bernacke said.

Eighty miles later, the car was on the Tohono O'odham reservation, its tires wrecked by spike strips.

As tribal police and Border Patrol agents closed in, Twiggs, 36, apparently fatally shot his 38-year-old brother, Willard J. "Will" Twiggs, then killed himself.

Pinal County Sheriff's spokesman Mike Minter said no motive has been established. But Kellee Twiggs said the decorated Marine would still be alive if the military had given him enough help.

"All this violent behavior, him killing his brother, that was not my husband. If the PTSD would have been handled in a correct manner, none of this would have happened," she said in a telephone interview from Stafford, Va.

Travis Twiggs, who enlisted in the Marine Corps in 1993 and held the combat action ribbon, wrote about his efforts to deal with post-traumatic stress disorder in the January issue of the Marine Corps Gazette.

The symptoms would disappear when he began each tour, he said, but came back stronger than ever when he came home.

He wrote that his life began to "spiral downward" after the tour in which two Marines from his platoon died.

"I cannot describe what a leader feels when he does not bring everyone home," he wrote. "To make matters even worse, I arrived at the welcome home site only to find that those two Marines' families were waiting to greet me as well. I remember thinking, 'Why are they here?'"

Weeks later, Twiggs "saw a physician's assistant who said that was the severest case of PTSD she'd seen in her life," his widow said.

He began receiving treatment, but the Marine wrote that he mixed his medications with alcohol and that his symptoms didn't go away until he started his final tour in Iraq.

When he came home, "All of my symptoms were back, and now I was in the process of destroying my family," he wrote. "My only regrets are how I let my command down after they had put so much trust in me and how I let my family down by pushing them away."

Kellee Twiggs said her husband was "very, very different, angry, agitated, isolated and so forth," upon his return. "He was just doing crazy things."

She said her husband was treated in the psychiatric ward of Bethesda Naval Medical Center and then sent to a Veterans Administration facility for four months.

Most recently, Travis Twiggs was assigned to the Marine Corps Warfighting Laboratory at Quantico, a job he said helped him "get my life back on track."

"Every day is a better day now," he wrote in the Marine Corps Gazette. "...Looking back, I don't believe anyone is to blame for my craziness, but I do think we can do better."

Twiggs urged others suffering from similar problems to seek help. "PTSD is not a weakness. It is a normal reaction to a very violent situation," he wrote.

Kellee Twiggs said she can't understand why her husband was not sent to a specialized PTSD clinic in New Jersey.

"They let him out. He was OK for a while and then it all started over again," she said.

A spokesman at Quantico, 1st Lt. Brian Donnelly, said the Corps is committed to providing full medical, psychological and social support to anyone with a combat-related injury, including PTSD.

"Our leaders are trained to be alert for signs of PTSD in their Marines and to provide a supportive climate in which Marines can feel comfortable seeking help," Donnelly said.

One lingering mystery in Twiggs' case is his older brother. Kellee Twiggs said she thinks the Louisiana man joined her husband in driving west "because T-Bo was hurting so bad and for so long that Will's life was a little in chaos."

"For them to both drive off into the Grand Canyon, they both apparently wanted to end their lives," she said.

Kellee Twiggs said "something needs to be fixed" in treating soldiers coming home from combat with PTSD.

"These boys and girls coming back, they need help, things need to be changed, and they don't need to be made to feel weak for asking for help," she said.

Travis writes about his fight with PTSD.
http://riograndevalleyvamc.com/Agenda.aspx

Article with many details. For updates to this story check out the rest of the blog hosting this article.
http://www.healingcombattrauma.com/2008/05/travis-twiggs-.html

Interview with Kellee Twiggs.
http://cfc.wjla.com/videoondemand.cfm?id=14926

Marx cafe tonight!

Hey all, were back for another installment of beats and eats, I'll be playing at the Marx from 10-11pm tonight, bringing UKG/bassline to the DC masses once more. Here's to hoping this music is able at some point to break out here across the pond. It keeps getting bigger and bigger over in the UK, at some point it'll break out here. Here's to hoping! Seeya tonight.

3203 Mount Pleasant St. NW

Old gas pumps maxed out at $3.99!

Flipping hilarious! I hadn't even thought of this until now. What a gas.

Old gas pumps can't handle ever-rising prices

By JOHN K. WILEY – 16 hours ago

REARDAN, Wash. (AP) — Mom-and-pop service stations are running into a problem as gasoline marches toward $4 a gallon: Thousands of old-fashioned pumps can't register more than $3.99 on their spinning mechanical dials.

The pumps, throwbacks to a bygone era on the American road, are difficult and expensive to upgrade, and replacing them is often out of the question for station owners who are still just scraping by.

Many of the same pumps can only count up to $99.99 for the total sale, preventing owners of some SUVs, vans, trucks and tractor-trailers to fill their tanks all the way.

As many as 8,500 of the nation's 170,000 service stations have old-style meters that need to be fixed — about 17,000 individual pumps, said Bob Renkes, executive vice president of the Petroleum Equipment Institute of Tulsa, Okla.

At Chip Colville's Chevron station in this eastern Washington town, where men in the family have pumped gas since 1919, three stubby, gray pumps were installed when gas was less than $1 a gallon. They top out at $3.999, only 30 cents above the price of regular gas at Colville's station.

"In small towns, where you don't have the volume, there's no way you can afford to pay for the replacements for these old pumps," Colville said. "It's just not economically feasible."

The problem is worse in extremely rural areas, where "this might be the only pump in town that people can access," said Mike Rud, director of the North Dakota Petroleum Marketers Association.

Demand for replacements has caused a months-long backlog for companies that make or rebuild the mechanical meters — and that's just for stations that can afford the upgrade.

For many station owners — who, because of relatively small profit margin on gas, aren't raking in money even though gas prices are marching higher — replacing the pumps altogether with electronic ones is just not an option.

"The new ones run between $10,000 and $15,000 apiece," Colville said. "It's an expense that's not worth it."

Mechanical meters can be retrofitted with higher numbers when pump prices climb another dollar. The last time that happened was in late 2005, when gas went over $3 a gallon, and owners of the older pumps installed kits that went to $3.999.

This time around, owners of the old pumps will need to install another kit that can handle prices up to $4.999, and possibly higher. Industry experts say those changes could cost as much as $650 per pump.

It costs less to change the meter to raise the maximum price from $2.99 to $3.99 a gallon, but that option raises the risk of a breakdown, said said Pete Turner, chief operating officer for APS Petroleum Equipment Inc. of Anniston, Ala.

"The computer that they're upgrading was not designed to go any more than what it's going now, and if you do it, they don't last long enough," Turner said. "They run so fast that the gears are wearing out."

The price of fixing the meters jumped in the past three years because old pumps are being phased out for new electronic pumps and demand for refurbished meters is down, Al Eichorn, vice president of PMP Corp., which makes the mechanical meters.

The Avon, Conn., company has hired extra employees who are working overtime but still has a 14-week backlog of orders, Eichorn said.

To deal with the problem, some state regulators are allowing half-pricing — displaying the price for a half-gallon of gas, then doubling the price shown on the meter.

In North Dakota, regulators recently told service stations their mechanical pumps could use half-pricing, provided they use signs to alert costumers and find a permanent solution by April 2009.

South Dakota is preparing similar rules, officials say. And in Minnesota, rural service station owners whose pumps cannot display the right price are being told to cover up the incorrect numbers.

"The consumer can only see the gallons turning," said Bill Walsh, a spokesman for the Minnesota Department of Commerce. "Then they just have to settle up with a calculator, basically." Colville and about a dozen other service station owners in Washington have received temporary variances from the state to allow them to half-price fuel.

Stations granted variances are required to post signs telling customers that the final price they will pay is twice what the pump meter indicates.

"No, that don't bother me. The price does," said Jim Puls, a third-generation rancher who pulled up to Colville's diesel pump to fill up his flatbed truck at $4.41 a gallon. "I can understand what they have to do."

Nationally, the average price for a gallon of gasoline rose past $3.70 Sunday, while diesel was selling for an average of $4.33 a gallon, according to AAA and the Oil Price Information Service.

Small stations are struggling to make a profit on gas, even as the price rises. Its small profit margin makes it less lucrative that snacks and other products the stores sell inside.

"If gas is the profit driver and you are one of those guys with the old pumps, you're either evolving or getting out," said Jeff Lenard, spokesman for the National Association of Convenience Stores, a trade group that represents about 115,000 stores that sell gasoline.

"If you're just that kind of image of the '50s gas station where you have a conversation, fill up and have a cup of coffee, that's in the movies."

Associated Press Writer Dale Wetzel in Bismarck, N.D., contributed to this report.

Half of Cleveland’s sub-prime loans resulted in foreclosure

Wow, the other half are sure to follow.

Report: About Half Of Cleveland's Subprime Loans Ended In Foreclosure

POSTED: 11:33 am EDT May 11, 2008

CLEVELAND -- The Cleveland Plain Dealer is reporting that about half of the city's subprime mortgage loans written by top lenders in 2005 ended in foreclosure filings.

Subprime mortgage loans are generally given to people with poor credit and come with higher fees and interest rates.

Now Cleveland is dealing with one of the highest foreclosure rates in the nation.

The Plain Dealer said all five of the city's top lenders in 2005 have since been absorbed by other companies or have gone out of business, and there is no accurate way to determine what percentage of subprime mortgage loans may have been based on fraudulent or unscrupulous lending practices.

Copyright 2008 by The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.

Marx cafe tonight!

Hey all, I'm going to be at the Marx tonight, playing from 10-12, bringing the best UKG to the DC masses, and 4/4 bassline niche pressure, ya heard! Belgian beers are on special all night. Seeya there!

3203 Mount Pleasant St. NW

Importing 6,700 tons of sand from Kuwait?

What... the... fuck...??!?!?

Crews moving contaminated sand from ship to rail
Tuesday, April 29, 2008 9:07 PM PDT
By Erik Olson

Longshoremen should finish unloading 6,700 tons of sand contaminated with depleted uranium and lead Tuesday afternoon, said Chad Hyslop, spokesman for the disposal company American Ecology.

The BBC Alabama arrived at the port Saturday afternoon with the 306 containers carrying the contaminated sand from Camp Doha, a U.S. Army base in Kuwait. The sand was packaged in bags designed to transport hazardous waste.

Longshoremen unloaded the containers in two shifts Sunday, then two more Monday, Hyslop said. They wore standard safety gear, and dust protection equipment and respirators were available, he said.

However, no one has opted to wear the respirators, he said.

“It’s gone real smooth,” Hyslop said.

Half of the containers will be loaded onto 76 rail cars and transported to an American Ecology disposal site in Idaho. The other half will remain at the port until the trains return to haul them to Idaho. The containers all will be at the disposal site in Idaho within 15 to 30 days, Hyslop said.

State Department of Health personnel are at the port to test radiation levels and to ensure none of the sand spills, Hyslop said. U.S. Customs agents also were on hand to inspect the cargo, he said.

The sand became contaminated with low levels of depleted uranium following a fire at Camp Doha during the first Gulf War in 1991, according to Hyslop and Army sources. The Army then discovered potentially hazardous levels of lead in the shipment.

Hyslop said he’s been happy with the job the port and other government agencies have done in helping with the transport of the material.

“We’re extremely pleased and impressed with the outstanding professionalism of the Port of Longview,” he said.

Marx Cafe tonight!

Hey all,

I'll be playing groovin' two step, slammin' bassline and the choice niche tunes from 10-2 at Marx Cafe tonight. Belgian beer specials, 4$ Chimay and 5$ Dekonick. Hope to see you there!

3203 Mount Pleasant St. NW

Check out the best campaign poster ever!

Hillary Clinton, are you taking notes?? This is how a real politician gets things done.

Porn star unveils campaign weapon-her bottom
Fri Apr 11, 2008 1:12pm EDT

By Phil Stewart

ROME (Reuters) - She had no desire to be just another smiling face in Italian politics. So when porn star Milly D'Abbraccio designed her campaign posters, it was obvious she was going to show off her bottom.

Targeting her male fan base, the veteran of Italy's adult entertainment industry has plastered images of her derriere all around the Eternal City in a bid to win a seat in Rome's city hall.

If elected, D'Abbraccio wants to create a red light area with strip clubs, erotic discos and sex shops called "Love City" just kilometers away from the Vatican.

"It would be something cute, clean -- nothing to do with prostitution," said the actress whose films include "The Kiss of the Cobra" and "Paolina Borghese, Imperial Nymphomaniac."

D'Abbraccio, in her 40s, isn't the first adult entertainer to dip her painted toenails into Italian politics. Ilona Staller, known as "Cicciolina," sat in parliament in the 1980s and was famous for her impromptu stripteases.

"It was simpler then," D'Abbraccio said. Public nudity isn't the guaranteed attention-grabber it once was, she noted.

D'Abbraccio hopes to capitalize on increasing disenchantment with Italian politics. The recession-prone nation votes on Sunday and Monday in elections to pick a prime minister as well as lawmakers, mayors and city councilors.

"People don't want to see these politicians' faces anymore," she told Reuters in an interview from her Rome apartment.

She said she was tapping into her popularity among pornography fans as "an act of generosity" to help Italy's socialists, who are fielding her in the municipal race.

"I am the derriere of the Socialist party," she concluded.

Silvio Berlusconi, who leads in opinion polls to become prime minister for a third time, drew scorn recently for saying his party boasted the prettiest women in politics. Critics called him a chauvinist.

D'Abbraccio also objected, but for another reason.

"I think he is wrong, because he lost the prettiest one (me)," said D'Abbraccio, whose campaign and adult professional website is www.millydabbraccio.com.

If D'Abbraccio wins, she says she will represent Romans from the district that is home to Cinecitta studios, Italy's version of Hollywood where classics like "La Dolce Vita" were filmed.

"I will reign over Cinecitta, if I get the votes," she said, reclining on a gold-rimmed, chaise lounge in her living room.

As for experience, D'Abbraccio acknowledges she is a political novice but she did play a powerful lawmaker in an adult film called "L'Onorevole."

"I played the part of the speaker of the lower house of parliament, who got very hot and then let herself go," she said.

(Editing by Robert Woodward)

Iraq's cultural heritage!??!!

This is unacceptable conduct from our war planners, selecting cultural heritage sites as major staging and logistical bases?! The hell? This whole operation could have been wrapped up by now if only the boneheads who planned this little excursion taken the time to carefully plot the course and leveraged each and every opportunity to gain the trust of the street. Had Iraqis seen our troops as diligent stewards of tens of thousands of years of world heritage, as evidenced by the actions of our service members, it amongst other things, i.e.; sewer, water, electricity and security, this whole violent occupation could have been potentially avoided years ago. Now the world actor and influencer performing these basic responsibilities is Iran. We are so badly behind the eight ball, over budget and hopelessly behind schedule that the only sane option is immediate withdrawal, and a long lessons learned session back at HQ so that the next time it's required we bend a nation to our will we won't make the same horrific mistakes that have doomed this effort.

Desecrating history

Iraq's cultural treasures have been ransacked since 2003. This is no mere side issue: it undermines a key part of the country's collective identity.


April 9, 2008 12:00 PM | Printable version

In the first few days after the end of the "shock and awe" campaign, from April 10-12 2003, Iraq's main museums, libraries and archives were looted and extensively damaged by fire. A Bradley tank and a number of US troops were in the area. At one point a curator from the Iraq Museum staff walked over and asked for assistance but was told by the tank commander (who to give him credit, actually radioed his superiors to request permission) that no orders had been given to help.

At the time, Donald Rumsfeld appeared on our television screens in the US and declared these events a positive sign of the liberation of an oppressed people, "stuff happens" he said.

Those of us who opposed the war from the start, and who implied that the US bore some responsibility for its negligence were dismissed as anti-American radicals even in the mainstream press. But by 2007, Barbara Bodine, the US ambassador at the time, revealed to Charles Ferguson in his documentary film No End in Sight that direct orders had come from Washington stating no one was to interfere with the looting.

The events of that April are still lamented everywhere as the unfortunate collateral damage of war, another consequence of the occupation that was not foreseen, like so many other aspects of the occupation, due to the lack of foresight of the Bush administration. But the looting spree in the museums and libraries was just the tip of the iceberg of a catastrophic destruction of historical treasures that was to come in the following five years, and it was not simply the result of poor planning or the inadvertent damage of war.

Even if the original looting of the museums and libraries could not have been avoided, or was not foreseen (an excuse that I personally find rather weak given the fact that numerous archaeologists and other scholars had warned both US and UK governments against exactly such as scenario months before the war), there are areas of cultural destruction that were entirely avoidable and sometimes pre-planned.

First, there was the Pentagon's strategic decision to use the main cultural heritage sites of the country as military bases. These sites include Ur, the legendary birthplace of Abraham; Babylon, the famed capital of Mesopotamian antiquity; and Samarra, the Abbasid Islamic imperial city. The digging, bulldozing, filling of sand bags and blast-barricade containers, the building of barracks and digging of trenches into the ancient sites; all this has destroyed thousands of years of archaeological material, stratigraphy and historical data. Walls and standing structures have collapsed as a result of shootings, bombings and helicopter landings.

At the risk of repeating myself, I would like to remind readers that such activities are against both Iraqi cultural heritage law and against international laws of war and occupation. In other words, like human rights abuses, the destruction of a people's cultural heritage and history has elsewhere been regarded as a war crime. To be precise, similar to the case of torture, international law has regarded such activities as war crimes when people or states other than the US have been responsible for them.

Imagine, if you will, that Stonehenge was taken over as a military barracks that housed thousands of troops and required the digging of the earth in order to provide plumbing and sewage in the middle of the ancient site itself, while trenches were dug around the megaliths and perhaps some of the smaller monoliths were relocated, and used as blast walls to protect the troops at the checkpoint entries to the base. When leading archaeologists came to point out the damage, they were asked: "Are you suggesting that we risk the lives of our troops?" This is the situation today at some of the most important cultural sites of Iraq.

At other locations we have a second type of massive but preventable destruction. This is the ongoing looting of countless Mesopotamian archaeological sites, looting that continues because the state board of antiquities and heritage has little money or equipment for site guards like those in other countries rich in antiquities such as Egypt, Italy, Turkey or Greece, and because the US and UK governments have had little interest in including such site protection in the multi-trillion dollar budget of the occupation. Despite the noble pledges of commitment to the rescue of cultural heritage and rebuilding of the museum and libraries that were made in 2003, the reality is similar to that of the situation with electricity and water. Almost nothing has been done. The Iraqi government is no better. It has shown a remarkable lack of interest in preserving historical sites, whether they are of the pre-Islamic or Islamic eras. More recently, the Maliki government has actually cut what little money had been allocated for these sites. Worse yet, last summer Iraqi troops marched into the National Library and physically assaulted librarians and other staff.

At the time when the first news of the Iraq Museum looting emerged, there were also allegations made in the western press and media that the curatorial staff had been responsible. These charges were never substantiated, although people's lives and reputations were seriously damaged as a result. In the de-Ba'athification plan of Paul Bremer, qualified curators, archaeologists and professors were removed from their positions. In the following five years, many more scholars left the country, forced into exile because of direct threats to their lives; others were not so fortunate and have just become part of the collateral damage of war.

So on this fifth anniversary of the looting I will repeat what I wrote in April 2003. The destruction of history, which has become a prominent aspect of this violent occupation, is not simply the unfortunate damage of some art objects.

As in other wars at other times and places, the destruction of monuments and historical archives works to erase the historical landscape and the realms of memory around which people define their collective identities. The fact that people's relations to monuments, history and landscape are always and everywhere constructed does not make cultural destruction any more ethical or legal. It is precisely through such destruction that empires have usually re-mapped space.

The continuing destruction of historical sites in Iraq must be addressed more seriously as one of the distinctive aspects of the current occupation of Iraq. History and archaeology are never untainted by politics. If ethnic groups or nations construct identities through monuments and historical narratives, the opposite is also true. In the words of George Orwell, "who controls the past controls the future. Who controls the present, controls the past".

Govt peeps abuse the P-Card system.

Wow.

Investigators: Federal Employees Charged Millions in Questionable Expenses on Credit Cards

By HOPE YEN
Associated Press Writer
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WASHINGTON (AP) -- Federal employees charged millions of dollars for Internet dating, tailor-made suits, lingerie, lavish dinners and other questionable expenses to their government credit cards over a 15-month period, congressional auditors say.

A report by the Government Accountability Office, obtained Tuesday by The Associated Press, examined spending controls across the federal government following reports of credit-card abuse at departments including Defense, Homeland Security and Veterans Affairs.

The review of card spending at more than a dozen departments from 2005 to 2006 found that nearly 41 percent of roughly $14 billion in credit-card purchases, whether legitimate or questionable, did not follow procedure - either because they were not properly authorized or they had not been signed for by an independent third party as called for in federal rules to deter fraud.

For purchases over $2,500, nearly half - or 48 percent - were unauthorized or improperly received.

Out of a sample of purchases totaling $2.7 million, the government could not account for hundreds of laptop computers, iPods and digital cameras worth more than $1.8 million. In one case, the U.S. Army could not say what happened to computer items making up 16 server configurations, each of which cost nearly $100,000.

Agencies often could not provide the required paperwork to justify questionable purchases. Investigators also found that federal employees sometimes double-billed or improperly expensed lavish meals and Internet dating for many months without question from supervisors; the charges were often noticed only after auditors or whistle-blowers raised questions.

"Breakdowns in internal controls over the use of purchase cards leave the government highly vulnerable to fraud, waste and abuse," investigators wrote, calling the governmentwide failure rate in enforcing controls "unacceptably high."

"This audit demonstrates that continued vigilance over purchase card use is necessary," the 57-page report stated.

The report calls for the General Services Administration and Office of Management and Budget, both of which help administer the government's credit-card program, to set guidance to improve accounting for purchased items, particularly Palm Pilots, iPods and other electronic equipment that could be easily stolen.

OMB and GSA were also urged to tighten controls over convenience checks, which are a part of the credit-card program, and to remind federal employees that they will be held responsible for any items if the purchases are later deemed improper.

In response, both OMB and GSA agreed with portions of the report. But GSA administrator Lurita Doan noted the vast majority of federal employees use their cards properly and that many oversight measures already are in place. She acknowledged there is room for improvement but added that by using purchase cards the federal government saves about $1.8 billion in administrative costs each year.

"We agree that no level of abuse or misuse is acceptable," Doan wrote.

The GAO study comes amid increasing scrutiny of purchase cards, which are used by 300,000 federal employees and are directly payable by the U.S. government.

The AP reported Sunday that VA employees last year racked up hundreds of thousands of dollars in government credit-card bills at casino and luxury hotels, movie theaters and high-end retailers such as Sharper Image. Government auditors have been investigating these and similar charges, citing past spending abuses.

In Tuesday's report, investigators did not seek to determine the extent of fraud or waste at each agency. They cited numerous cases of questionable spending, which they said represented what could be found government-wide, including the VA.

"The purchase card is a useful tool for the government, and in no way are we suggesting it shouldn't continue to be used widely," said Gregory D. Kutz, GAO's managing director of forensic audits and special investigations, in a telephone interview. "However, I would say these cases once again show that lack of internal controls cost taxpayers millions of dollars and thus continued focus is needed on improving these controls."

Among the expenditures cited in the report:

-An Agriculture Department employee fraudulently wrote 180 convenience checks for more than $642,000 to a live-in boyfriend over a six-year period. The money was used for gambling, car and mortgage payments, dinners and retail purchases that went unnoticed until USDA's inspector general received a tip from a whistle-blower. The employee, who pleaded guilty to embezzlement and tax fraud charges, was sentenced last year to 21 months in prison and ordered to repay the money.

-U.S. Postal Service workers separately billed more than $14,000 to government credit cards for Internet dating services and a dinner at a Ruth's Chris Steakhouse in Orlando, Fla., for 81 people at a cost of $160 each for steaks and crab. The dinner bill also included more than 200 appetizers and more than $3,000 worth of wine and brand-name liquor such as Courvoisier, Belvedere and Johnny Walker Gold.

In the Internet dating case, a postmaster charged $1,100 over 15 months for two online services, including the Ashley Madison Agency. The expenses went unnoticed for more than a year even though he was under internal investigation for viewing pornography on a government computer. The postmaster was eventually told to repay the Internet charges but faced no disciplinary action.

-At the Pentagon, four employees purchased $77,700 in clothing and accessories at high-end clothing and sporting goods stores. The spending included more than $45,000 at Brooks Brothers and similar stores for tailor-made suits - $7,000 of which were purchased a week before Christmas. The credit-card holders said the items were for service members working at U.S. embassies with civilian attire. Pentagon rules allow purchases of civilian clothing when performing official duty, but generally only up to $860 per person.

-Justice Department and FBI employees charged $11,000 at a Ritz Carlton hotel for coffee and "light" refreshments for 50 to 70 attendees for four days, averaging about $50 per person. Seventy percent of the total conference cost of $15,000 was for the food and beverages, while audiovisual and other support services totaled only about $4,000, or 30 percent of the charges. It was not clear what action, if any, that Justice took in light of the conference expenses, which GAO deemed excessive.

-At the State Department, one credit-card holder bought $360 worth of women's lingerie at Seduccion Boutique for use during jungle training by trainees of a drug enforcement program in Ecuador. One State Department official later agreed that the charge was questionable and stated that he would not have approved the purchase had he known about it.

"Too many government employees have viewed purchase cards as their personal line of credit," said Sen. Norm Coleman, R-Minn., the top Republican on the Senate Homeland Security subcommittee on investigations, which requested the GAO report. "When money that was intended to pay for critical infrastructure, education and homeland security is instead being spent on iPods, lingerie and socializing, we must immediately remedy the problem."

Sen. Carl Levin, D-Mich., who chairs the investigations subcommittee, agreed. "Although internal controls over government credit cards have improved, we still have a long way to go to stop the fraudulent use of these cards," he said.

---

On the Net:

Government Accountability Office: http://www.gao.gov

© 2008 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed. Learn more about our Privacy Policy.

Oil set to rise to $160 a barrell by next week.

That seems a little far fetched, is the margin between supply and demand really as constrained as this article suggests?

Experts Predict Imminent Oil Squeeze

London, Apr 3 (Prensa Latina) The oil price could hit $160 a barrel as soon as next week, says ´Zapata’ George Blake, the Texan oil analyst quoted by the London-based online newsletter Money Morning.

‘Zapata’ George has a habit of making bold calls that often seem to be proved right. He thinks there’s an imminent supply squeeze ahead, which will cause the oil price to spike.

But, first, Money Morning dispels a couple of common myths about oil. Number one, there is a belief that demand for oil will go down in a recession.

In the last 58 years, according to Worldwatch estimates (based on sources such as BP and the International Energy Agency), year-on-year demand for oil has grown every year, except for two brief periods.

Between 1973 and 1975, amidst a global energy crisis, global demand decreased annually by a whopping 0.01 percent. And between 1979 and 1984 consumption growth levelled, the biggest annual decrease being in 79-80 - down a devastating 0.04 percent.

Thus, demand for oil will not fall by any significant amount, even if the US goes into recession.

Oil myth number two is that increased production will meet demand.

Money Morning reminds those who affirm that, where are the discoveries that will lead to new production?

The last major oil frontiers were discovered as long ago as the late 1960s – the North Sea, the North Slopes of Alaska and Western Siberia.

Since then, there has been some reduction in the number of discoveries, but, more significantly, a huge reduction in their size. In the 1960s over 500 fields were discovered; in the 1970s, over 700; in the 1980s, 856; the 1990s, 510.

But in this decade just 65 oil fields have been discovered.

Of the 65 largest oil producing countries in the world, up to 54 have passed their peak of production and are now in decline, including the USA in 1970/1, Indonesia in 1997, Australia in 2000, the North Sea in 2001, and Mexico in 2004.

‘Zapata’ George points out that the extreme cold spell in February in Alberta in Canada meant that the tar sands couldn’t be mined. One refinery in Edmonton had no oil to refine, while the larger Strathcona Refinery was running at significantly reduced rates due to ‘operational problems’.

He then mentions Australia, where there are currently gasoline shortages. BP and Shell have apologized, citing ‘constraints on imports’, leading to ‘unprecedented level of fuel shortages’. The four biggest oil refineries in Australia are not operational.

Meanwhile, Chinese oil demand went up by 6.5 percent in February, and their oil imports have risen by 18.1 percent. In brief, the Chinese are getting the oil, while Canada and Australia are going short.

ef

PL-34

CIA has shady past in Tibet.

Can the current unrest, violence and political instability in Tibet be chalked up to CIA shenanigans? Maybe.

Greater China
Mar 26, 2008

Tibet, the 'great game' and the CIA
By Richard M Bennett

Given the historical context of the unrest in Tibet, there is reason to believe Beijing was caught on the hop with the recent demonstrations for the simple reason that their planning took place outside of Tibet and that the direction of the protesters is similarly in the hands of anti-Chinese organizers safely out of reach in Nepal and northern India.

Similarly, the funding and overall control of the unrest has also been linked to Tibetan spiritual leader the Dalai Lama, and by inference to the US Central Intelligence Agency (CIA) because of his close cooperation with US intelligence for over 50 years.

Indeed, with the CIA's deep involvement with the Free Tibet Movement and its funding of the suspiciously well-informed Radio Free Asia, it would seem somewhat unlikely that any revolt could

Click here to find out more!

have been planned or occurred without the prior knowledge, and even perhaps the agreement, of the National Clandestine Service (formerly known as the Directorate of Operations) at CIA headquarters in Langley.

Respected columnist and former senior Indian Intelligence officer, B Raman, commented on March 21 that "on the basis of available evidence, it was possible to assess with a reasonable measure of conviction" that the initial uprising in Lhasa on March 14 "had been pre-planned and well orchestrated".

Could there be a factual basis to the suggestion that the main beneficiaries to the death and destruction sweeping Tibet are in Washington? History would suggest that this is a distinct possibility.

The CIA conducted a large scale covert action campaign against the communist Chinese in Tibet starting in 1956. This led to a disastrous bloody uprising in 1959, leaving tens of thousands of Tibetans dead, while the Dalai Lama and about 100,000 followers were forced to flee across the treacherous Himalayan passes to India and Nepal.

The CIA established a secret military training camp for the Dalai Lama's resistance fighters at Camp Hale near Leadville, Colorado, in the US. The Tibetan guerrillas were trained and equipped by the CIA for guerrilla warfare and sabotage operations against the communist Chinese.

The US-trained guerrillas regularly carried out raids into Tibet, on occasions led by CIA-contract mercenaries and supported by CIA planes. The initial training program ended in December 1961, though the camp in Colorado appears to have remained open until at least 1966.

The CIA Tibetan Task Force created by Roger E McCarthy, alongside the Tibetan guerrilla army, continued the operation codenamed ST CIRCUS to harass the Chinese occupation forces for another 15 years until 1974, when officially sanctioned involvement ceased.

McCarthy, who also served as head of the Tibet Task Force at the height of its activities from 1959 until 1961, later went on to run similar operations in Vietnam and Laos.

By the mid-1960s, the CIA had switched its strategy from parachuting guerrilla fighters and intelligence agents into Tibet to establishing the Chusi Gangdruk, a guerrilla army of some 2,000 ethnic Khamba fighters at bases such as Mustang in Nepal.

This base was only closed down in 1974 by the Nepalese government after being put under tremendous pressure by Beijing.
After the Indo-China War of 1962, the CIA developed a close relationship with the Indian intelligence services in both training and supplying agents in Tibet.

Kenneth Conboy and James Morrison in their book The CIA's Secret War in Tibet disclose that the CIA and the Indian intelligence services cooperated in the training and equipping of Tibetan agents and special forces troops and in forming joint aerial and intelligence units such as the Aviation Research Center and Special Center.

This collaboration continued well into the 1970s and some of the programs that it sponsored, especially the special forces unit of Tibetan refugees which would become an important part of the Indian Special Frontier Force, continue into the present.

Only the deterioration in relations with India which coincided with improvements in those with Beijing brought most of the joint CIA-Indian operations to an end.

Though Washington had been scaling back support for the Tibetan guerrillas since 1968, it is thought that the end of official US backing for the resistance only came during meetings between president Richard Nixon and the Chinese communist leadership in Beijing in February 1972.

Victor Marchetti, a former CIA officer has described the outrage many field agents felt when Washington finally pulled the plug, adding that a number even "[turned] for solace to the Tibetan prayers which they had learned during their years with the Dalai Lama".

The former CIA Tibetan Task Force chief from 1958 to 1965, John Kenneth Knaus, has been quoted as saying, "This was not some CIA black-bag operation." He added, "The initiative was coming from ... the entire US government."

In his book Orphans of the Cold War, Knaus writes of the obligation Americans feel toward the cause of Tibetan independence from China. Significantly, he adds that its realization "would validate the more worthy motives of we who tried to help them achieve this goal over 40 years ago. It would also alleviate the guilt some of us feel over our participation in these efforts, which cost others their lives, but which were the prime adventure of our own."

Despite the lack of official support it is still widely rumored that the CIA were involved, if only by proxy, in another failed revolt in October 1987, the unrest that followed and the consequent Chinese repression continuing till May 1993.

The timing for another serious attempt to destabilize Chinese rule in Tibet would appear to be right for the CIA and Langley will undoubtedly keep all its options open.

China is faced with significant problems, with the Uighur Muslims in Xinjiang province; the activities of the Falun Gong among many other dissident groups and of course growing concern over the security of the Summer Olympic Games in August.

China is viewed by Washington as a major threat, both economic and military, not just in Asia, but in Africa and Latin America as well.

The CIA also views China as being "unhelpful" in the "war on terror", with little or no cooperation being offered and nothing positive being done to stop the flow of arms and men from Muslim areas of western China to support Islamic extremist movements in Afghanistan and Central Asian states.

To many in Washington, this may seem the ideal opportunity to knock the Beijing government off balance as Tibet is still seen as China's potential weak spot.

The CIA will undoubtedly ensure that its fingerprints are not discovered all over this growing revolt. Cut-outs and proxies will be used among the Tibetan exiles in Nepal and India's northern border areas.

Indeed, the CIA can expect a significant level of support from a number of security organizations in both India and Nepal and will have no trouble in providing the resistance movement with advice, money and above all, publicity.

However, not until the unrest shows any genuine signs of becoming an open revolt by the great mass of ethnic Tibetans against the Han Chinese and Hui Muslims will any weapons be allowed to appear.

Large quantities of former Eastern bloc small arms and explosives have been reportedly smuggled into Tibet over the past 30 years, but these are likely to remain safely hidden until the right opportunity presents itself.

The weapons have been acquired on the world markets or from stocks captured by US or Israeli forces. They have been sanitized and are deniable, untraceable back to the CIA.

Weapons of this nature also have the advantage of being interchangeable with those used by the Chinese armed forces and of course use the same ammunition, easing the problem of resupply during any future conflict.

Though official support for the Tibetan resistance ended 30 years ago, the CIA has kept open its lines of communications and still funds much of the Tibetan Freedom movement.

So is the CIA once again playing the "great game" in Tibet?

It certainly has the capability, with a significant intelligence and paramilitary presence in the region. Major bases exist in Afghanistan, Iraq, Pakistan and several Central Asian states.

It cannot be doubted that it has an interest in undermining China, as well as the more obvious target of Iran.

So the probable answer is yes, and indeed it would be rather surprising if the CIA was not taking more than just a passing interest in Tibet. That is after all what it is paid to do.

Since September 11, 2001, there has been a sea-change in US Intelligence attitudes, requirements and capabilities. Old operational plans have been dusted off and updated. Previous assets re-activated. Tibet and the perceived weakness of China's position there will probably have been fully reassessed.

For Washington and the CIA, this may seem a heaven-sent opportunity to create a significant lever against Beijing, with little risk to American interests; simply a win-win situation.

The Chinese government would be on the receiving end of worldwide condemnation for its continuing repression and violation of human rights and it will be young Tibetans dying on the streets of Lhasa rather than yet more uniformed American kids.

The consequences of any open revolt against Beijing, however, are that once again the fear of arrest, torture and even execution will pervade every corner of both Tibet and those neighboring provinces where large Tibetan populations exist, such as Gansu, Qinghai and Sichuan.

And the Tibetan Freedom movement still has little likelihood of achieving any significant improvement in central Chinese policy in the long run and no chance whatever of removing its control of Lhasa and their homeland.

Once again it would appear that the Tibetan people will find themselves trapped between an oppressive Beijing and a manipulative Washington.

Beijing sends in the heavies
The fear that the United States, Britain and other Western states may try to portray Tibet as another Kosovo may be part of the reason why the Chinese authorities reacted as if faced with a genuine mass revolt rather than their official portrayal of a short-lived outbreak of unrest by malcontents supporting the Dalai Lama.

Indeed, so seriously did Beijing view the situation that a special security coordination unit, the 110 Command Center, has been established in Lhasa with the primary objective of suppressing the disturbances and restoring full central government control.

The center appears to be under the direct control of Zhang Qingli, first secretary of the Tibet Party and a President Hu Jintao loyalist. Zhang is also the former Xinjiang deputy party secretary with considerable experience in counter-terrorism operations in that region.

Others holding important positions in Lhasa are Zhang Xinfeng, vice minister of the Central Public Security Ministry and Zhen Yi, deputy commander of the People's Armed Police Headquarters in Beijing.

The seriousness with which Beijing is treating the present unrest is further illustrated by the deployment of a large number of important army units from the Chengdu Military Region, including brigades from the 149th Mechanized Infantry Division, which acts as the region's rapid reaction force.

According to a United Press International report, elite ground force units of the People's Liberation Army were involved in Lhasa, and the new T-90 armored personnel carrier and T-92 wheeled armored vehicles were deployed. According to the report, China has denied the participation of the army in the crackdown, saying it was carried out by units of the armed police. "Such equipment as mentioned above has never been deployed by China's armed police, however."

Air support is provided by the 2nd Army Aviation Regiment, based at Fenghuangshan, Chengdu, in Sichuan province. It operates a mix of helicopters and STOL transports from a frontline base near Lhasa. Combat air support could be quickly made available from fighter ground attack squadrons based within the Chengdu region.
The Xizang Military District forms the Tibet garrison, which has two mountain infantry units; the 52nd Brigade based at Linzhi and the 53rd Brigade at Yaoxian Shannxi. These are supported by the 8th Motorized Infantry Division and an artillery brigade at Shawan, Xinjiang.

Tibet is also no longer quite as remote or difficult to resupply for the Chinese army. The construction of the first railway between 2001 and 2007 has significantly eased the problems of the movement of large numbers of troops and equipment from Qinghai onto the rugged Tibetan plateau.

Other precautions against a resumption of the long-term Tibetan revolts of previous years has led to a considerable degree of self-sufficiency in logistics and vehicle repair by the Tibetan garrison and an increasing number of small airfields have been built to allow rapid-reaction units to gain access to even the most remote areas.

The Chinese Security Ministry and intelligence services had been thought to have a suffocating presence in the province and indeed the ability to detect any serious protest movement and suppress resistance.

Richard M Bennett, intelligence and security consultant, AFI Research.

(Copyright 2008 Richard M Bennett.)

Boycott the Mail!!!

Didn't Cosmo Kramer try this? If I remember correctly it did not end well in that case, Wilfred Brimley came down on him like a ton of bricks. good luck.

Efforts to Block Junk Mail Slowed
Postal Service Argues Against Registries to State Lawmakers

By Lyndsey Layton
Washington Post Staff Writer
Wednesday, March 19, 2008; Page A13

Chris Pearson, a state legislator in Vermont, had a sense that the people were with him when he proposed a bill last November to allow residents to block junk mail.

He got media attention, radio interview requests and e-mails from constituents eager to stop the credit card offers, furniture catalogues and store fliers that increasingly clog their mailboxes.

Then came the pushback from the postmasters, who told Pearson and other lawmakers that "standard" mail, the post office's name for junk mail, has become the lifeblood of the U.S. Postal Service and that jobs depend on it.

"The post office and the business groups are pretty well-organized," said Pearson, whose bill remains in a committee and has not been scheduled for a vote.

Barred by law from lobbying, the Postal Service is nonetheless trying to make its case before a growing number of state legislatures that are weighing bills to create Do Not Mail registries, which are similar to the popular National Do Not Call Registry.

The agency has printed 3,000 "information packets" about the economic value of standard mail, with specific data for each of the 18 states that have considered a Do Not Mail Registry. It has dispatched postmasters to testify before legislative committees around the country.

"The Postal Service has come in and clobbered legislators," said Todd Paglia, executive director of ForestEthics, an environmental group that has collected 289,000 signatures on an online petition to Congress that calls for a National Do Not Mail Registry. "It's really a people-versus-special interest kind of battle."

The Postal Service is working closely with the Direct Marketing Association, the trade group that represents retailers and the printing industry, in its new campaign -- Mail Moves America -- which is designed to quash the Do Not Mail initiatives.

So far, their efforts appear effective. None of the states where Do Not Mail legislation has been introduced since 2007 has approved a law. And no similar legislation is pending in Congress.

Sean Sheehan of the Center for a New American Dream, a progressive group based in Takoma Park, said state efforts may precede national action, just as they did with the Do Not Call Registry.

"Federal legislators are more sensitive to the heavy lobbying of the paper industry, as well as the impact on the postal service, whereas a lot of state legislators are really more in tune with local needs," Sheehan said. "It's local governments that have to pay millions to truck that trash out to landfills."

So far in the 2008 campaign cycle, the Direct Marketing Association has made $141,877 in contributions to federal candidates, including $6,610 to Sen. Thomas R. Carper (D-Del.), who chairs the subcommittee that oversees the Postal Service and does not face reelection until 2012.

Perhaps surprisingly, environmental groups -- whose members say they are concerned about junk mail -- are cool to the idea of a registry that prohibits marketers from sending mail to those enrolled and that fines violators.

One reason may be that most environmental groups are themselves junk mailers. They use standard mail for their solicitation letters.

A national registry "would affect anybody who mails," said Laura Hickey, senior director of global warming education at the National Wildlife Foundation, which belongs to the Direct Marketing Association. "I don't think it would be any different whether you were for-profit or nonprofit.'' As an alternative, the National Wildlife Foundation, the Natural Resources Defense Council and other groups have created Catalogue Choice, a program that asks retailers to voluntarily stop sending catalogues to anyone who signs up for the free online service at http://www.catalogchoice.org.

"If people participate in a voluntary system, then I don't see the need for a legislative strategy," Hickey said. When Catalogue Choice was launched in October, the foundation expected about 150,000 people to sign up in the first year. Six months into the project, more than 642,000 people have joined. "It obviously filled a void," Hickey said.

Still, it is unclear how many marketers are voluntarily heeding requests to stop mailing.

The Direct Marketing Association operates its own registry ( http://www.dmachoice.org) and in an e-mail sent last November, instructed its members to ignore Catalogue Choice.

Postal officials say they are aware of the environmental concerns related to junk mail. In testimony on Capitol Hill last week, Postmaster General John E. Potter told lawmakers that the Postal Service has one answer: Recycling bins positioned beneath personal mailboxes at post offices, to catch junk mail as it tumbles out.

GW coming unhinged!?

Great column, she's got his number: plumb loco! HW should whup his ass good.

Op-Ed Columnist
Soft Shoe in Hard Times

By MAUREEN DOWD
Published: March 16, 2008

WASHINGTON

Everyone here is flummoxed about why the president is in such a fine mood.

The dollar’s crumpling, the recession’s thundering, the Dow’s bungee-jumping and the world’s disapproving, yet George Bush has turned into Gene Kelly, tap dancing and singing in a one-man review called “The Most Happy Fella.”

“I’m coming to you as an optimistic fellow,” he told the Economic Club of New York on Friday. His manner — chortling and joshing — was in odd juxtaposition to the Fed’s bailing out the imploding Bear Stearns and his own acknowledgment that “our economy obviously is going through a tough time,” that gas prices are spiking, and that folks “are concerned about making their bills.”

He began by laughingly calling the latest news on the economic meltdown “a interesting moment” and ended by saying that “our energy policy has not been very wise” and that there was “no quick fix” on gasp-inducing gas prices.

“You know, I guess the best way to describe government policy is like a person trying to drive a car in a rough patch,” he said. “If you ever get stuck in a situation like that, you know full well it’s important not to overcorrect, because when you overcorrect you end up in the ditch.”

Dude, you’re already in the ditch.

Boy George crashed the family station wagon into the globe and now the global economy. Yet the more terrified Americans get, the more bizarrely carefree he seems. The former oilman reacted with cocky ignorance a couple of weeks ago when a reporter informed him that gas was barreling toward $4 a gallon.

In on-the-record sessions with reporters — and more candid off-the-record ones — he has seemed goofily happy in recent weeks, prickly no more but strangely liberated and ebullient.

Even though he ordinarily hates being kept waiting, he made light of it while cooling his heels for John McCain, and did a soft shoe for the White House press. Wearing a cowboy hat, he warbled a comic Western ditty at the Gridiron Dinner a week ago — alluding to Scooter Libby’s conviction, Saudis getting richer from our oil-guzzling, Brownie’s dismal Katrina performance, and Dick Cheney’s winsome habit of withholding documents.

At a dinner on Wednesday, the man who is persona non grata on the campaign trail (except for closed fund-raisers) told morose Republican members of Congress that he was totally confident that “we can retake the House” and “hold the White House.”

“I think 2008 is going to be a fabulous year for the Republican Party!” he said, sounding like Rachael Ray sprinkling paprika on goulash. That must have been news to House Republicans, who have no money, just lost the seat held by their former speaker, and are hemorrhaging incumbents as they head into a campaign marked by an incipient recession and an unpopular war.

If only they could see things as the president does. Bush, who used his family connections to avoid Vietnam, told troops serving in Afghanistan on Thursday that he is “a little envious” of their adventure there, saying it was “in some ways romantic.”

Afghanistan is still roiling, as is Iraq, but W. is serene. “Removing Saddam Hussein was the right decision early in my presidency, it is the right decision now, and it will be the right decision ever,” he said, echoing that great American philosopher Dan Quayle, who once told Samoans, “Happy campers you are, happy campers you have been and, as far as I am concerned, happy campers you will always be.”

W. bragged to Republicans about his “considered judgment” in sending more troops to Iraq and again presented himself as an untroubled instrument of divine will. “I believe there’s an Almighty,” he said, “and I believe a gift of that Almighty to every man, woman and child is freedom.”

Although the president belittled the Democrats for their policy of “retreat,” his surge has been a temporary and expensive place-holder for what Americans want: a policy to get us out of Iraq.

“Has it allowed us to reduce troop levels to below where they were when it started?” Michael Kinsley wrote recently. “The answer is no.” Gen. David Petraeus told The Washington Post last week that no one in the U.S. and Iraqi governments “feels that there has been sufficient progress by any means in the area of national reconciliation.”

Maybe the president is just putting on a good face to keep up American morale, the way Herbert Hoover did after the crash of ’29, when he continued to dress in a tuxedo for dinner.

Or maybe the old Andover cheerleader really believes his own cheers, and that prosperity will turn up any time now, just like the W.M.D. in Iraq.

Or perhaps it’s a Freudian trip. Now that he’s mucked up the world and the country, he can finally stop rebelling against his dad and relax in the certainty that the Bush name will forever be associated with crash-and-burn presidencies.

Whatever the explanation, it’s plumb loco.

marx Cafe tonight!!

I'll be at Marx tonight, 10-12 spinnin' some ill tunez. Seeya there!

3203 Mount Pleasant St NW

Copper theft closses schools.

Wow, those kids should count their blessings, a day off from school due to a spike in commodity prices and an unscrupulus smelter!

Copper theft forces school to cancel classes

Elias C. Arnold
The Arizona Republic
Mar. 17, 2008 03:20 PM

Hurley Ranch Elementary School was closed Monday after thieves stole a series of copper pipes that deliver water to the school.

Principal Melanie Block said she learned of the problem Sunday morning and opted to cancel classes, only to discover the next day that thieves had returned.

"Last night, they came in and finished the job and took the remaining three pipes that were out there," Block said Monday.

The initial theft was discovered about 8 a.m. Sunday when a church group noticed there was no running water. The group rents space at the school, near 91st Avenue and Broadway Road in Phoenix.

Officials soon found a pipe that delivers water to the school had been cut off and stolen. They decided to cancel classes when maintenance workers were unable to repair the damage.

Teachers were on campus until about 10 p.m. Sunday calling parents of the school's nearly 950 students about the closure. Only about 50 parents had to be turned away Monday morning, Block said.

But officials arrived by 6 a.m. Monday to learn the remaining water delivery pipes had been cut.

A cage protects the pipes, which stick out of the ground. The thieves apparently used bolt cutters to open the cages, Block said.

She said the repairs should be completed Monday, though students could be sent to other Union Elementary School District schools for classes if the thieves strike again.

"I'm running with the positive intention school will be up and running tomorrow (Tuesday), " she said.

Bear Sterns buy-out a "low ball" offer.

no way, no way at all this deal goes through at 2$ a share. Not going to happen, the notional value alone is priced above this offer.

Bear Stock Triples JPMorgan Bid as Traders Seek More (Update2)

By Zachary R. Mider and Sree Vidya Bhaktavatsalam

March 18 (Bloomberg) -- Bear Stearns Cos.' stock rose 44 percent to more than three times the current $275 million value of JPMorgan Chase & Co.'s acquisition as traders increased bets that investors will push for a higher offer.

JPMorgan, with backing from the Federal Reserve, agreed two days ago to buy the New York-based securities firm for about $2 a share in stock to prevent a collapse. The value of the transaction has climbed to $2.31 a share as the bank's stock price has rallied. Bear gained $2.12 to $6.93 at 1:30 p.m. in New York Stock Exchange composite trading.

Yesterday, billionaire Joseph Lewis, Bear's second-biggest shareholder, called the price ``derisory,'' according to a phone interview cited by CNBC. Other investors may share that opinion. During a conference call the day the deal was announced, an individual investor said he would vote against the sale.

``It's perfectly possible that the deal you see right now is not the deal you're going to get,'' said Nancy Havens, president and founder of Havens Advisors LLC, which invests in takeover targets. ``There's every incentive for shareholders to vote `no' the first time.''

Havens said she didn't buy Bear yesterday because she wasn't convinced the offer would rise any more.

Opposition

``Certainly, it looks like a significant number of shareholders are deciding to vote against the deal,'' James Ellman, who oversees $200 million as the president of San Francisco-based SeaCliff Capital. Investors are saying ``Bear Stearns can survive on its own, JPMorgan will have to up the price, or that another bidder is about to emerge,'' he added.

Ellman, whose hedge-fund firm specializes in financial stocks, sold his Bear stock about a year ago.

Bear climbed to $171.51 last year and closed at $30 on March 14, the last trading day before New York-based JPMorgan stepped in. The book value was $84 a share as recently as November.

``It's a race between the bondholders and shareholders to buy as much stock as they can,'' said Brian Shapiro, managing director of Source Capital NY. ``They have divergent interests at this point.''

Bondholders could be buying stock because they want the deal done, while shareholders are trying to amass a larger stake because they want to vote the deal down, Shapiro said.

Bear spokesman Russell Sherman didn't immediately return a call seeking comment. Douglas McMahon, a spokesman for Lewis, didn't return a call seeking comment.

JPMorgan, based in New York, will pay 0.05473 share for each of Bear's 118 million shares outstanding. The bank rose $1.81, or 4.5 percent, to $42.12, after increasing 10 percent yesterday.

To contact the reporters on this story: Zachary R. Mider in New York at zmider1@bloomberg.net; Sree Vidya Bhaktavatsalam in Boston at sbhaktavatsa@bloomberg.net
Last Updated: March 18, 2008 13:43 EDT

Marx Cafe tonight!

Hey all, I'll be playing at Marx Cafe tonight, 10pm-12. Join me for half priced Belgian beers and some of the freshest UKG tunez on the scene today. See you there!

3203 Mount Pleasant St NW

Derivatives market set to implode

I had thought these markets had all ready imploded, but apparently Warren Buffet is convinced there is yet still more wealth destruction to happen before this whole nightmare scenario is wrapped up. Yikes.

Derivatives the new 'ticking bomb'
Buffett and Gross warn: $516 trillion bubble is a disaster waiting to happen

By Paul B. Farrell, MarketWatch
Last update: 7:31 p.m. EDT March 10, 2008

ARROYO GRANDE, Calif. (MarketWatch) -- "Charlie and I believe Berkshire should be a fortress of financial strength" wrote Warren Buffett. That was five years before the subprime-credit meltdown.
"We try to be alert to any sort of mega-catastrophe risk, and that posture may make us unduly appreciative about the burgeoning quantities of long-term derivatives contracts and the massive amount of uncollateralized receivables that are growing alongside. In our view, however, derivatives are financial weapons of mass destruction, carrying dangers that, while now latent, are potentially lethal."

That warning was in Buffett's 2002 letter to Berkshire shareholders. He saw a future that many others chose to ignore. The Iraq war build-up was at a fever-pitch. The imagery of WMDs and a mushroom cloud fresh in his mind.
Also fresh on Buffett's mind: His acquisition of General Re four years earlier, about the time the Long-Term Capital Management hedge fund almost killed the global monetary system. How? This is crucial: LTCM nearly killed the system with a relatively small $5 billion trading loss. Peanuts compared with the hundreds of billions of dollars of subprime-credit write-offs now making Wall Street's big shots look like amateurs.
Buffett tried to sell off Gen Re's derivatives group. No buyers. Unwinding it was costly, but led to his warning that derivatives are a "financial weapon of mass destruction." That was 2002.
Derivatives bubble explodes five times bigger in five years
Wall Street didn't listen to Buffett. Derivatives grew into a massive bubble, from about $100 trillion to $516 trillion by 2007. The new derivatives bubble was fueled by five key economic and political trends:

1.
Sarbanes-Oxley increased corporate disclosures and government oversight
2.
Federal Reserve's cheap money policies created the subprime-housing boom
3.
War budgets burdened the U.S. Treasury and future entitlements programs
4.
Trade deficits with China and others destroyed the value of the U.S. dollar
5.
Oil and commodity rich nations demanding equity payments rather than debt

In short, despite Buffett's clear warnings, a massive new derivatives bubble is driving the domestic and global economies, a bubble that continues growing today parallel with the subprime-credit meltdown triggering a bear-recession.
Data on the five-fold growth of derivatives to $516 trillion in five years comes from the most recent survey by the Bank of International Settlements, the world's clearinghouse for central banks in Basel, Switzerland. The BIS is like the cashier's window at a racetrack or casino, where you'd place a bet or cash in chips, except on a massive scale: BIS is where the U.S. settles trade imbalances with Saudi Arabia for all that oil we guzzle and gives China IOUs for the tainted drugs and lead-based toys we buy.
To grasp how significant this five-fold bubble increase is, let's put that $516 trillion in the context of some other domestic and international monetary data:

*
U.S. annual gross domestic product is about $15 trillion
*
U.S. money supply is also about $15 trillion
*
Current proposed U.S. federal budget is $3 trillion
*
U.S. government's maximum legal debt is $9 trillion
*
U.S. mutual fund companies manage about $12 trillion
*
World's GDPs for all nations is approximately $50 trillion
*
Unfunded Social Security and Medicare benefits $50 trillion to $65 trillion
*
Total value of the world's real estate is estimated at about $75 trillion
*
Total value of world's stock and bond markets is more than $100 trillion
*
BIS valuation of world's derivatives back in 2002 was about $100 trillion
*
BIS 2007 valuation of the world's derivatives is now a whopping $516 trillion

Moreover, the folks at BIS tell me their estimate of $516 trillion only includes "transactions in which a major private dealer (bank) is involved on at least one side of the transaction," but doesn't include private deals between two "non-reporting entities." They did, however, add that their reporting central banks estimate that the coverage of the survey is around 95% on average.
Also, keep in mind that while the $516 trillion "notional" value (maximum in case of a meltdown) of the deals is a good measure of the market's size, the 2007 BIS study notes that the $11 trillion "gross market values provides a more accurate measure of the scale of financial risk transfer taking place in derivatives markets."
Bubbles, domino effects and the 'bad 2%'
However, while that may be true as far as the parties to an individual deal, there are broader risks to the world's economies. Remember back in 1998 when LTCM's little $5 billion loss nearly brought down the world's banking system. That "domino effect" is now repeating many times over, straining the world's monetary, economic and political system as the subprime housing mess metastasizes, taking the U.S. stock market and the world economy down with it.
This cascading "domino effect" was brilliantly described in "The $300 Trillion Time Bomb: If Buffett can't figure out derivatives, can anybody?" published early last year in Portfolio magazine, a couple months before the subprime meltdown. Columnist Jesse Eisinger's $300 trillion figure came from an earlier study of the derivatives market as it was growing from $100 trillion to $516 trillion over five years. Eisinger concluded:
"There's nothing intrinsically scary about derivatives, except when the bad 2% blow up." Unfortunately, that "bad 2%" did blow up a few months afterwards, even as Bernanke and Paulson were assuring America that the subprime mess was "contained."
Bottom line: Little things leverage a heck of a big wallop. It only takes a little spark from a "bad 2% deal" to ignite this $516 trillion weapon of mass destruction. Think of this entire unregulated derivatives market like an unsecured, unpredictable nuclear bomb in a Pakistan stockpile. It's only a matter of time.
World's newest and biggest 'black market'
The fact is, derivatives have become the world's biggest "black market," exceeding the illicit traffic in stuff like arms, drugs, alcohol, gambling, cigarettes, stolen art and pirated movies. Why? Because like all black markets, derivatives are a perfect way of getting rich while avoiding taxes and government regulations. And in today's slowdown, plus a volatile global market, Wall Street knows derivatives remain a lucrative business.
Recently Pimco's bond fund king Bill Gross said "What we are witnessing is essentially the breakdown of our modern-day banking system, a complex of leveraged lending so hard to understand that Federal Reserve Chairman Ben Bernanke required a face-to-face refresher course from hedge fund managers in mid-August." In short, not only Warren Buffett, but Bond King Bill Gross, our Fed Chairman Ben Bernanke, the Treasury Secretary Henry Paulson and the rest of America's leaders can't "figure out" the world's $516 trillion derivatives.
Why? Gross says we are creating a new "shadow banking system." Derivatives are now not just risk management tools. As Gross and others see it, the real problem is that derivatives are now a new way of creating money outside the normal central bank liquidity rules. How? Because they're private contracts between two companies or institutions.
BIS is primarily a records-keeper, a toothless tiger that merely collects data giving a legitimacy and false sense of security to this chaotic "shadow banking system" that has become the world's biggest "black market."
That's crucial, folks. Why? Because central banks require reserves like stock brokers require margins, something backing up the transaction. Derivatives don't. They're not "real money." They're paper promises closer to "Monopoly" money than real U.S. dollars.
And it takes place outside normal business channels, out there in the "free market." That's the wonderful world of derivatives, and it's creating a massive bubble that could soon implode.
Comments? Yes, we want to hear your thoughts. Tell us what you think about derivatives: as "financial weapons of mass destruction;" as a "shadow banking system;" as a "black market;" as the next big bubble dangerously exposing us to that unpredictable "bad 2%."

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