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Health Care & Environment
10.16 'I leave the car at home': how free buses are revolutionising one French city [with electric or hydrogen buses the cities can be much less polluted and cleaner with far fewer cars]
10.15 'It'll change back': Trump says climate change not a hoax, but denies lasting impact [1:10 video; comfortable in his willful ignorance and denial, catastropic effects will be sooner and greater for doing nothing]
News Media Matters
10.16 The Growth of Sinclair’s Conservative Media Empire [Distorting news and issues "analysis" almost completely where cable and Internet are least available]
US Politics, Policy & 'Culture'
10.18 Are You Kidding Me?' Outrage as Democrats Push 'Incremental Steps' Over Bold Agenda Needed to Save Planet from Climate Catastrophe [Neoliberals still control Democratic Party leadership...]
10.16 GOP plan to get Americans off food stamps puts 4 million children and seniors at risk [What would Jesus say?]
10.15 We need tax police – and they should go after the likes of Donald Trump [growing the mafia-state; to the extent allowed all tax evaded results in additional debt or taxes on honest citizens]
10.13 With Campaign Only 'Powered by People,' Beto O'Rourke Shatters All-Time Senate Fundraising Record With $38 Million Haul [nullifying Citizens United—that empowers corporations and the super-rich—with a pledged commitment returns democracy powered by the people!]
10.18 Is Fraud Part of the Trump Organization’s Business Model? [Obviously!]
10.18 Nicaragua used 'weapons of war' to kill protesters, says Amnesty International [why refugee immigrants rightly see jail in the US as an improvement]
10.18 How We Can End the Saudis’ War in Yemen [There is NO EXCUSE for War Crimes]
10.12 Trump Says Murder Shouldn’t Stop Saudi Weapon Sales Because ‘We Have Jobs’ [Morals and laws be damned! Trump grows his mafia-state for patron and personal profit]
Economics, Crony Capitalism
International & Futurism
10.17 US-China tensions soar as 'new cold war' heats up [the world needs mutually-beneficial moral friendships among nations, not high-risk emotional outbursts]
10.17 Jamal Khashoggi: gory reports of killing emerge as Pompeo meets Erdogan [What explains Trump's opinion and behavior?]
10.16 Tax evasion: blacklist of 21 countries with 'golden passport' schemes published [mafia-states are increasing and growing, threatening financial health of non-mafia states where tax evaded becomes additional debt or taxes on honest citizens]
Bush Approves Sale of US Military Parts Suppliers to UAE Government
Dubai International Capital LLC (which is owned by the UAE) lists both the Carlyle Group and Kravis Roberts & Co. (KKR) as co-investments.Outgoing White House Press Secretary Scott "Scottie" McClellan announced Friday that George W. Bush approved the sale of 9 US defense-related production plants to Dubai International Capital, owned by the government of the United Arab Emirates, in a $1.24 billion takeover of the British firm Doncasters Group Ltd. Among the plants sold is the sole supplier of turbine fan parts for the US military's Abrams tank fans.
Since "...the plants make turbine blades for tanks and aircraft, the deal was reviewed by the Committee on Foreign Investment in the U.S., which sent it on to Bush for a decision, a step used only when the potential security risks or political considerations are particularly acute," according to CBS' Market Watch. "...One official who was briefed on the Doncasters transaction said there would be provisions in the agreement protecting American military secrets. But it was unclear whether that would satisfy Congressional objections."
"The committee almost never met, and when it deliberated it was usually at a fairly low bureaucratic level," Richard Perle said. Perle, who has worked for the Reagan, Clinton and both Bush administrations added, "I think it's a bit of a joke."
"The formal CFIUS review is not the most important element in the approval process. CFIUS does not require unanimity among all the agencies involved, but a disputed decision to approve a sale would be escalated to the cabinet level or to the President for appeal....In 1993, Congress amended Exon-Florio to require foreign, government-controlled companies to obtain CFIUS approval before acquiring U.S. companies when the foreign purchaser is 'controlled by or acting on behalf of a foreign government' and the acquisition 'could result in control of a person engaged in interstate commerce in the U.S. that could affect the national security of the United States."
Established in 2004, Dubai International Capital LLC. [DIC] is a Dubai-based international investment company owned by the government of the United Arab Emirates that primarily focuses on private equity. The deal was originally announced by DIC.
George H.W. Bush (41), former U.S. President, was a Senior Advisor to the Carlyle Asia Advisory Board from April 1998 to October 2003, almost two years after his son took office.
Among its various military projects, the Carlyle Group is, through its various investments, a major contractor for the US Missile Defense System, which has been expedited by the Bush Administration prior to its being fully tested. The system is the single costliest defense budget item for the current budget year.George W. Bush (43) was on the board of directors from 1990-1992 of a Carlyle investment gone bad (Caterair), which was later sold at a loss. Then as Governor of Texas, Bush appointed several persons to the board of Texas teachers' pension funds, which later decided to invest $100 million dollars of public money in the Carlyle Group.
Among the Carlyle Group notables are: current Secretary of the Treasury and chairman of CFIUS John W. Snow; former Secretary of State Colin Powell; and former Secretary of State and 2000 Bush campaign advisor James Baker III.
According to Doncasters, "This investment follows a series of strategic, value-driven investments by DIC"--Dubai International Capital – including "a US$1 billion investment in DaimlerChrysler."
Chip Yost is a progressive activist who can be read daily on Chip's blog.
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This story was published on May 1, 2006.