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Tuesday, June 16, 2009
Federal Reserve to gain power under plan.
The Federal Reserve, already arguably the most powerful agency in the U.S. government, will get sweeping new authority to regulate any company whose failure could endanger the U.S. economy and markets under the Obama administration's regulatory overhaul plan...Link
HR 1207 - 229 co-sponsors.........................
Title: To amend title 31, United States Code, to reform the manner in which the Board of Governors of the Federal Reserve System is audited by the Comptroller General of the United States and the manner in which such audits are reported, and for other purposes.
KBR complained.....................
In a recent Securities and Exchange Commission filing, former Halliburton unit KBR complained that it will be at a “competitive disadvantage” to win “large-scale” international contracts because it is being forced to comply with U.S. laws. In February, KBR pleaded guilty to violating the Foreign Corrupt Practices Act (FCPA) and admitted that it paid $180 million in “consulting fees” to two agents for use in bribing Nigerian government officials to win a lucrative construction contract for the Bonny Island natural gas liquefaction plant while former Vice President Dick Cheney headed the corporation. KBR paid a $402 million fine as part of its plea deal...Link
Iran Does Have Some Fishy Numbers......
A most strange storyline has emerged with regard to the provincial vote totals for the Iranian election. Around 1600 GMT Sunday, the ministry of Interior released the official vote totals by province. As others have mentioned, by law candidates have three days following voting to contest the result, before the final totals are approved by the Supreme Leader. As such, it is notable that both the aggregate totals and provincial totals were certified, approved and released before the three day deadline...Link
Internet Censorship in Germany........
Germany is on the verge of censoring its Internet: The government – a grand coalition between the German social democrats and conservative party – seems united in its decision: On Thursday the parliament is to vote on the erection of an internet censorship architecture...Link
Iran rules out annulment, crowds gather.
TEHRAN (Reuters) - Iran's top legislative body on Tuesday ruled out annulling a disputed presidential poll that has prompted the biggest street protests since the 1979 Islamic revolution, but said it was prepared for a partial recount...Link
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