IAEA out of Inspection Money While PMD’s Expand

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Cash-Strapped IAEA to Stop Monitoring Iran Next Month?

“Yukiya Amano, head of the UN’s International Atomic Energy Agency (IAEA), announced on Tuesday that his organization’s funds to monitor Iran’s nuclear program will run out next month, indicating a potential road block for last month’s Iran nuclear deal…

The IAEA chief asked member states to fork over more funds to continue the monitoring of the Islamic regime, revealing that the 800,000 euros ($924,000) a month that it has received to this point will run out by the end of September.

Amano detailed the expenses needed in order to monitor Iran until the nuclear deal is implemented – presumably early next year – listing them at 160,000 euros (over $184,000) per month. He added that 9.2 million euros (over $10.5 million) a year will be needed by the IAEA to monitor Iran under the framework of the deal.

The IAEA’s annual budget hit 350 million euros (over $402 million) last year, and according to Amano he will seek to incorporate the costs of monitoring Iran as part of the deal into the IAEA’s regular annual budget starting in 2017.

Aside from the Iran nuclear deal signed between the Islamic regime and world powers, Iran sealed a classified deal with the IAEA on the same day that the US Congress is not being allowed to review.

At least one caveat from those side deals has come out, and according to it Iran will inspect its own covert nuclear facility Parchin…”

Meanwhile…Iran has expanded nuclear sites….

Iran may have built extension at disputed military site: U.N. nuclear watchdog

Reuters: Iran appears to have built an extension to part of its Parchin military site since May, the U.N. nuclear watchdog said in a report on Thursday delving into a major part of its inquiry into possible military dimensions to Tehran’s past atomic activity.

A resolution of the International Atomic Energy Agency’s Parchin file, which includes a demand for fresh IAEA access to the site, is a symbolically important issue that could help make or break Tehran’s July 14 nuclear deal with six world powers.

The confidential IAEA report, obtained by Reuters, said:

“Since (our) previous report (in May), at a particular location at the Parchin site, the agency has continued to observe, through satellite imagery, the presence of vehicles, equipment, and probable construction materials. In addition, a small extension to an existing building appears to have constructed.”

The changes were first observed last month, a senior diplomat familiar with the IAEA investigation said.

The IAEA says any activities Iran has undertaken at Parchin since U.N. inspectors last visited in 2005 could jeopardize its ability to verify Western intelligence suggesting Tehran carried out tests there relevant to nuclear bomb detonations more than a decade ago. Iran has dismissed the intelligence as “fabricated”.

Under a “roadmap” accord Iran reached with the IAEA parallel to its groundbreaking settlement with the global powers, the Islamic Republic is required to give the Vienna-based watchdog enough information about its past nuclear activity to allow it to write a report on the long vexed issue by year-end.

“Full and timely implementation of the relevant parts of the road-map is essential to clarify issues relating to this location at Parchin,” the new IAEA report said.

According to data given to the IAEA by some member states, Parchin might have housed hydrodynamic experiments to assess how specific materials react under high pressure, such as in a nuclear blast.

“We cannot know or speculate what’s in the (extended) building. The building itself is not related to the most interesting building for us … It’s something we will technically clarify over the course of the year,” the senior diplomat said.

GROUNDBREAKING NUCLEAR ACCORD

Under its Vienna accord with the powers, Iran must put verifiable limits on its uranium enrichment program to create confidence it will not be put to developing nuclear bombs, in exchange for a removal of sanctions crippling its oil-based economy. Iran has said it seeks only peaceful nuclear energy.

Iran has for years been stonewalling the IAEA inquiry into possible military dimensions (PMD) to its nuclear project. But the Islamic Republic delivered on a pledge under the roadmap to turn over more information by Aug. 15.

The IAEA report said the agency was still reviewing the PMD information Iran provided. Agency Director-General Yukiya Amano said on Tuesday that the information was substantive but it was too early to say whether any of it was new.

A second diplomat familiar with the Iran file said he did not expect any breakthrough from the documents provided by Iran.

While sticking to its mandate of securing compliance with its non-proliferation mandate, diplomats see the IAEA as being keen not to imperil Iran’s pact with the powers, who tout it as crucial to reducing conflict in the Middle East.

The success of that deal will hinge on IAEA verification of Iranian compliance, but the agency must still issue reports that are technically sound. “It’s a question of how they will reflect this in a more or less elegant way,” a third diplomat said.

The IAEA has come under pressure, especially from U.S. lawmakers who will hold a critical vote next month on whether to ratify the deal between Iran and the powers, for not publishing its roadmap agreement with Tehran.

On that point, the senior diplomat said: “The agency is doing nothing in Iran in this area that it hasn’t been doing or is not doing somewhere else. There are no cutting corners in Iran.”

Amano last week rejected as “a misrepresentation” suggestions from hawkish critics of the nuclear accord that the IAEA had quietly agreed to allow Iran to inspect sections of Parchin on the agency’s behalf.

Hillary’s Pay for Weapons State Department

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There is not much we can point to when it comes to tangible and valuable achievements within the Hillary Clinton State Department of 4 years. Perhaps she and her deputies were busy processing orders and depositing checks.

Further, if the world was not so unbalanced and in complete turmoil due to civil wars, terror groups and evacuations of those fleeing their home countries, would countries really need to increase their weapons arsenals? This unto itself is a failure of Barack Obama’s lack of leadership and strategy, that lil miss Hillary exploited.

Too bad she could not find time to approve the Keystone XL pipeline…

Clinton Foundation Donors Got Weapons Deals From Hillary Clinton’s State Department

IBTimes: Even by the standards of arms deals between the United States and Saudi Arabia, this one was enormous. A consortium of American defense contractors led by Boeing would deliver $29 billion worth of advanced fighter jets to the United States’ oil-rich ally in the Middle East.

Israeli officials were agitated, reportedly complaining to the Obama administration that this substantial enhancement to Saudi air power risked disrupting the region’s fragile balance of power. The deal appeared to collide with the State Department’s documented concerns about the repressive policies of the Saudi royal family.

But now, in late 2011, Hillary Clinton’s State Department was formally clearing the sale, asserting that it was in the national interest. At a press conference in Washington to announce the department’s approval, an assistant secretary of state, Andrew Shapiro, declared that the deal had been “a top priority” for Clinton personally. Shapiro, a longtime aide to Clinton since her Senate days, added that the “U.S. Air Force and U.S. Army have excellent relationships in Saudi Arabia.”

These were not the only relationships bridging leaders of the two nations. In the years before Hillary Clinton became secretary of state, the Kingdom of Saudi Arabia contributed at least $10 million to the Clinton Foundation, the philanthropic enterprise she has overseen with her husband, former president Bill Clinton. Just two months before the deal was finalized, Boeing — the defense contractor that manufactures one of the fighter jets the Saudis were especially keen to acquire, the F-15 — contributed $900,000 to the Clinton Foundation, according to a company press release.

The Saudi deal was one of dozens of arms sales approved by Hillary Clinton’s State Department that placed weapons in the hands of governments that had also donated money to the Clinton family philanthropic empire, an International Business Times investigation has found.

Under Clinton’s leadership, the State Department approved $165 billion worth of commercial arms sales to 20 nations whose governments have given money to the Clinton Foundation, according to an IBTimes analysis of State Department and foundation data. That figure — derived from the three full fiscal years of Clinton’s term as Secretary of State (from October 2010 to September 2012) — represented nearly double the value of American arms sales made to the those countries and approved by the State Department during the same period of President George W. Bush’s second term.

The Clinton-led State Department also authorized $151 billion of separate Pentagon-brokered deals for 16 of the countries that donated to the Clinton Foundation, resulting in a 143 percent increase in completed sales to those nations over the same time frame during the Bush administration. These extra sales were part of a broad increase in American military exports that accompanied Obama’s arrival in the White House. The 143 percent increase in U.S. arms sales to Clinton Foundation donors compares to an 80 percent increase in such sales to all countries over the same time period.

American defense contractors also donated to the Clinton Foundation while Hillary Clinton was secretary of state and in some cases made personal payments to Bill Clinton for speaking engagements. Such firms and their subsidiaries were listed as contractors in $163 billion worth of Pentagon-negotiated deals that were authorized by the Clinton State Department between 2009 and 2012.

The State Department formally approved these arms sales even as many of the deals enhanced the military power of countries ruled by authoritarian regimes whose human rights abuses had been criticized by the department. Algeria, Saudi Arabia, Kuwait, the United Arab Emirates, Oman and Qatar all donated to the Clinton Foundation and also gained State Department clearance to buy caches of American-made weapons even as the department singled them out for a range of alleged ills, from corruption to restrictions on civil liberties to violent crackdowns against political opponents.

As secretary of state, Hillary Clinton also accused some of these countries of failing to marshal a serious and sustained campaign to confront terrorism. In a December 2009 State Department cable published by Wikileaks, Clinton complained of “an ongoing challenge to persuade Saudi officials to treat terrorist financing emanating from Saudi Arabia as a strategic priority.” She declared that “Qatar’s overall level of CT cooperation with the U.S. is considered the worst in the region.” She said the Kuwaiti government was “less inclined to take action against Kuwait-based financiers and facilitators plotting attacks.” She noted that “UAE-based donors have provided financial support to a variety of terrorist groups.” All of these countries donated to the Clinton Foundation and received increased weapons export authorizations from the Clinton-run State Department.

Hillary Clinton’s presidential campaign and the Clinton Foundation did not respond to questions from the IBTimes.

In all, governments and corporations involved in the arms deals approved by Clinton’s State Department have delivered between $54 million and $141 million to the Clinton Foundation as well as hundreds of thousands of dollars in payments to the Clinton family, according to foundation and State Department records. The Clinton Foundation publishes only a rough range of individual contributors’ donations, making a more precise accounting impossible.

Click here to get the interactive chart data.

Winning Friends, Influencing Clintons

Under federal law, foreign governments seeking State Department clearance to buy American-made arms are barred from making campaign contributions — a prohibition aimed at preventing foreign interests from using cash to influence national security policy. But nothing prevents them from contributing to a philanthropic foundation controlled by policymakers.

Just before Hillary Clinton became Secretary of State, the Clinton Foundation signed an agreement generally obligating it to disclose to the State Department increases in contributions from its existing foreign government donors and any new foreign government donors. Those increases were to be reviewed by an official at the State Department and “as appropriate” the White House counsel’s office. According to available disclosures, officials at the State Department and White House raised no issues about potential conflicts related to arms sales.

During Hillary Clinton’s 2009 Senate confirmation hearings, Sen. Richard Lugar, R-Ind., urged the Clinton Foundation to “forswear” accepting contributions from governments abroad. “Foreign governments and entities may perceive the Clinton Foundation as a means to gain favor with the secretary of state,” he said. The Clintons did not take Lugar’s advice. In light of the weapons deals flowing to Clinton Foundation donors, advocates for limits on the influence of money on government action now argue that Lugar was prescient in his concerns.

“The word was out to these groups that one of the best ways to gain access and influence with the Clintons was to give to this foundation,” said Meredith McGehee, policy director at the Campaign Legal Center, an advocacy group that seeks to tighten campaign finance disclosure rules. “This shows why having public officials, or even spouses of public officials, connected with these nonprofits is problematic.”

Hillary Clinton’s willingness to allow those with business before the State Department to finance her foundation heightens concerns about how she would manage such relationships as president, said Lawrence Lessig, the director of Harvard University’s Safra Center for Ethics.

“These continuing revelations raise a fundamental question of judgment,” Lessig told IBTimes. “Can it really be that the Clintons didn’t recognize the questions these transactions would raise? And if they did, what does that say about their sense of the appropriate relationship between private gain and public good?”

National security experts assert that the overlap between the list of Clinton Foundation donors and those with business before the the State Department presents a troubling conflict of interest.

While governments and defense contractors may not have made donations to the Clinton Foundation exclusively to influence arms deals, they were clearly “looking to build up deposits in the ‘favor bank’ and to be well thought of,” said Gregory Suchan, a 34-year State Department veteran who helped lead the agency’s oversight of arms transfers under the Bush administration.

As Hillary Clinton presses a campaign for the presidency, she has confronted sustained scrutiny into her family’s personal and philanthropic dealings, along with questions about whether their private business interests have colored her exercise of public authority. As IBTimes previously reported, Clinton switched from opposing an American free trade agreement with Colombia to supporting it after a Canadian energy and mining magnate with interests in that South American country contributed to the Clinton Foundation. IBTimes’ review of the Clintons’ annual financial disclosures also revealed that 13 companies lobbying the State Department paid Bill Clinton $2.5 million in speaking fees while Hillary Clinton headed the agency.

Questions about the nexus of arms sales and Clinton Foundation donors stem from the State Department’s role in reviewing the export of American-made weapons. The agency is charged with both licensing direct commercial sales by U.S. defense contractors to foreign governments and also approving Pentagon-brokered sales to those governments. Those powers are enshrined in a federal law that specifically designates the secretary of state as “responsible for the continuous supervision and general direction of sales” of arms, military hardware and services to foreign countries. In that role, Hillary Clinton was empowered to approve or reject deals for a broad range of reasons, from national security considerations to human rights concerns.

The State Department does not disclose which individual companies are involved in direct commercial sales, but its disclosure documents reveal that countries that donated to the Clinton Foundation saw a combined $75 billion increase in authorized commercial military sales under the three full fiscal years Clinton served, as compared to the first three full fiscal years of Bush’s second term.

The Clinton Foundation has not released an exact timetable of its donations, making it impossible to know whether money from foreign governments and defense contractors came into the organization before or after Hillary Clinton approved weapons deals that involved their interests. But news reports document that at least seven foreign governments that received State Department clearance for American arms did donate to the Clinton Foundation while Hillary Clinton was serving as secretary: Algeria, Oman, Qatar, Kuwait, Thailand, Norway and Australia.

Under a presidential policy directive signed by President Bill Clinton in 1995, the State Department is supposed to specifically take human rights records into account when deciding whether to approve licenses enabling foreign governments to purchase military equipment and services from American companies. Despite this, Hillary Clinton’s State Department increased approvals of such sales to nations that her agency sharply criticized for systematic human rights abuses.

In its 2010 Human Rights Report, Clinton’s State Department inveighed against Algeria’s government for imposing “restrictions on freedom of assembly and association” tolerating “arbitrary killing,” “widespread corruption,” and a “lack of judicial independence.” The report said the Algerian government “used security grounds to constrain freedom of expression and movement.”

That year, the Algerian government donated $500,000 to the Clinton Foundation and its lobbyists met with the State Department officials who oversee enforcement of human rights policies. Clinton’s State Department the next year approved a one-year 70 percent increase in military export authorizations to the country. The increase included authorizations of almost 50,000 items classified as “toxicological agents, including chemical agents, biological agents and associated equipment” after the State Department did not authorize the export of any of such items to Algeria in the prior year.

During Clinton’s tenure, the State Department authorized at least $2.4 billion of direct military hardware and services sales to Algeria — nearly triple such authorizations over the last full fiscal years during the Bush administration. The Clinton Foundation did not disclose Algeria’s donation until this year — a violation of the ethics agreement it entered into with the Obama administration.

The monarchy in Qatar had similarly been chastised by the State Department for a raft of human rights abuses. But that country donated to the Clinton Foundation while Hillary Clinton was running the State Department. During the three full budgetary years of her tenure, Qatar saw a 14-fold increase in State Department authorizations for direct commercial sales of military equipment and services, as compared to the same time period in Bush’s second term. The department also approved the Pentagon’s separate $750 million sale of multi-mission helicopters to Qatar. That deal would additionally employ as contractors three companies that have all supported the Clinton Foundation over the years: United Technologies, Lockheed Martin and General Electric.

Clinton foundation donor countries that the State Department criticized for human rights violations and that received weapons export authorizations did not respond to IBTimes’ questions.

That group of arms manufacturers — along with Clinton Foundation donors Boeing, Honeywell, Hawker Beechcraft and their affiliates — were together listed as contractors in 114 such deals while Clinton was secretary of state. NBC put Chelsea Clinton on its payroll as a network correspondent in November 2011, when it was still 49 percent owned by General Electric. A spokesperson for General Electric did not respond to questions from IBTimes.

The other companies all asserted that their donations had nothing to do with the arms export deals.

“Our contributions have aligned with our longstanding philanthropic commitments,” said Honeywell spokesperson Rob Ferris.

“Even The Appearance Of A Conflict”

During her Senate confirmation proceedings in 2009, Hillary Clinton declared that she and her husband were “committed to ensuring that his work does not present a conflict of interest with the duties of Secretary of State.” She pledged “to protect against even the appearance of a conflict of interest between his work and the duties of the Secretary of State” and said that “in many, if not most cases, it is likely that the Foundation or President Clinton will not pursue an opportunity that presents a conflict.”

Even so, Bill Clinton took in speaking fees reaching $625,000 at events sponsored by entities that were dealing with Hillary Clinton’s State Department on weapons issues.

In 2011, for example, the former president was paid $175,000 by the Kuwait America Foundation to be the guest of honor and keynote speaker at its annual awards gala, which was held at the home of the Kuwaiti ambassador. Ben Affleck spoke at the event, which featured a musical performance by Grammy-award winner Michael Bolton. The gala was emceed by Joe Scarborough and Mika Brzezinski, hosts of MSNBC’s Morning Joe show. Boeing was listed as a sponsor of the event, as were the embassies of the United Arab Emirates, Saudi Arabia, Kuwait and Qatar — the latter two of which had donated to the Clinton Foundation while Hillary Clinton was secretary of state.

The speaking fee from the Kuwait America Foundation to Bill Clinton was paid in the same time frame as a series of deals Hillary Clinton’s State Department was approving between the Kuwaiti government and Boeing. Months before the gala, the Department of Defense announced that Boeing would be the prime contractor on a $693 million deal, cleared by Hillary Clinton’s State Department, to provide the Kuwaiti government with military transport aircraft. A year later, a group sponsored in part by Boeing would pay Bill Clinton another $250,000 speaking fee.

“Boeing has sponsored this major travel event, the Global Business Travel Association, for several years, regardless of its invited speakers,” Gordon Johndroe, a Boeing spokesperson, told IBTimes. Johndroe said Boeing’s support for the Clinton Foundation was “a transparent act of compassion and an investment aimed at aiding the long-term interests and hopes of the Haitian people” following a devastating earthquake.

Boeing was one of three companies that helped deliver money personally to Bill Clinton while benefiting from weapons authorizations issued by Hillary Clinton’s State Department. The others were Lockheed and the financial giant Goldman Sachs.

Lockheed is a member of the American Chamber of Commerce in Egypt, which paid Bill Clinton $250,000 to speak at an event in 2010. Three days before the speech, Hillary Clinton’s State Department approved two weapons export deals in which Lockheed was listed as the prime contractor. Over the course of 2010, Lockheed was a contractor on 17 Pentagon-brokered deals that won approval from the State Department. Lockheed told IBTimes that its support for the Clinton Foundation started in 2010, while Hillary Clinton was secretary of state.

“Lockheed Martin has periodically supported one individual membership in the Clinton Global Initiative since 2010,” said company spokesperson Katherine Trinidad. “Membership benefits included attendance at CGI annual meetings, where we participated in working groups focused on STEM, workforce development and advanced manufacturing.”

In April 2011, Goldman Sachs paid Bill Clinton $200,000 to speak to “approximately 250 high level clients and investors” in New York, according to State Department records obtained by Judicial Watch. Two months later, the State Department approved a $675 million foreign military sale involving Hawker Beechcraft — a company that was then part-owned by Goldman Sachs. As part of the deal, Hawker Beechcraft would provide support to the government of Iraq to maintain a fleet of aircraft used for intelligence, surveillance and reconnaissance missions. Goldman Sachs has also contributed at least $250,000 to the Clinton Foundation, according to donation records.

“There is absolutely no connection among all the points that you have raised regarding our firm,” said Andrew Williams, a spokesperson for Goldman Sachs.

Federal records show that ethics staffers at the State Department approved the payments to Bill Clinton from Goldman Sachs, and the Lockheed- and Boeing-sponsored groups without objection, even though the firms had major stakes in the agency’s weapons export decisions.

Stephen Walt, a Harvard University professor of international affairs, told IBTimes that the intertwining financial relationships between the Clintons, defense contractors and foreign governments seeking weapons approvals is “a vivid example of a very big problem — the degree to which conflicts of interest have become endemic.”

“It has troubled me all along that the Clinton Foundation was not being more scrupulous about who it would take money from and who it wouldn’t,” he said. “American foreign policy is better served if people responsible for it are not even remotely suspected of having these conflicts of interest. When George Marshall was secretary of state, nobody was worried about whether or not he would be distracted by donations to a foundation or to himself. This wasn’t an issue. And that was probably better.”

UPDATE (7:38pm, 5/26/15): In an emailed statement, a spokeswoman for the Taipei Economic and Cultural Representative Office told IBTimes: “Taiwan’s 2003 donation was for the fund to build the Clinton Presidential Library. This was way before Mrs. Clinton was made the U.S. Secretary of State. We have neither knowledge nor comments concerning other issues.”

1/2 of Michelle Obama’s Lunch Program is Trash-canned

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In 2012, First lady, Michelle Obama introduced new rules for public schools aimed at reducing obesity. This was a mandate deployed by Agriculture Secretary Tom Vilsack and Michelle announced in January. 32 million children are forced to participate.

The first 15 years of the program had a budget of $11 billion as it doubled the amounts of fruits and vegetables that are served to students. Milk must be served and must be low fat and limits were set on trans fats as well as salt intake.

Almost immediately, this food police program met with major issues and essentially student and parent protests.

Then there were school employee layoffs.

Hundreds of school districts in the country have made layoffs and reduced hours for cafeteria workers due to First Lady Michelle Obama’s lunch rules, a new survey has found.

Participation in the school lunch program is down, food waste is up, and 80 percent of districts have taken steps to offset financial losses as a result of the healthy rules, according to a survey released Tuesday of more than 1,000 school districts by the Student Nutritional Association (SNA).

Enter the trash cans…

– A new study confirms what many parents and school lunch officials already know: students in the National School Lunch Program are trashing their government-mandated fruits and vegetables.

University of Vermont researchers used digital photography to analyze hundreds of school lunch trays at two northeast elementary schools on 21 visits before and after increased school food regulations championed by first lady Michelle Obama went into effect in 2012, CBS News reports.

Those regulations limit calories, fat, sugar, sodium, whole grain and other elements of school lunches, as well as mandate that all students take a fruit or vegetable, whether they eat it or not.

Researchers discovered “that while children placed more fruits and vegetables on their trays – as required by the USDA mandates put in place in 2012 – they consumed fewer of them,” according to the news site.

“The amount of food wasted increased by 56 percent, the researchers found.”

The findings contradict an often cited study by the Harvard School of Public Health in 2014 that found the opposite – that students ate more fruits and vegetables – although that study also noted more fruits and vegetables in the trash.

The Harvard study noted “high levels of fruit and vegetable waste continued to be a problem – students discarded roughly 60-75 percent of the vegetables and 40 percent of the fruit on their trays. The authors say that schools must focus on improving food quality and palatability to reduce waste,” according to the Harvard Gazette.

There’s a distinct difference between the Harvard study and the recently released University of Vermont study: the latter backs up anecdotal evidence from school districts across the country, while the Harvard study contradicts it.

“We was this as a great opportunity to access the policy change and ask a really important question, which was, ‘Does requiring a child to select a fruit or vegetable under the updated national school lunch program guidelines that came into effect in 2012 correspond with increased fruit and vegetable consumption?” lead author Sarah Amin told CBS News. “The answer was clearly no.”

Amin and her team also pointed out that schools can’t simply force students to take a fruit or vegetable and expect them to eat them if they don’t address the numerous other factors that affect their decisions about nutrition and food.

“Public health practitioners should also consider strategies extending to the home because more frequent exposure to (fruits and vegetables) at home may result in children consuming a variety of (fruits and vegetables) at school,” according to the report.

“Our research findings, that children selected more (fruits and vegetables) but consumed less and wasted more after the new regulations were in place, support the importance of public health practitioners addressing the environmental, home, and personal factors that encourage children’s (fruit and vegetable) consumption.

“While these data from one geographic area may not be generalizable to other regions, we based the measures of consumptions and waste on validated, objective measures,” the report continues. “Furthermore, the findings are consistent with those from other parts of the country where requiring a child to select a (fruit or vegetable) also corresponded with decreased consumption and increased food waste.”

The latest school food study comes about a month before Congress is expected to vote on reauthorizing Michelle Obama’s school food restrictions, and seems to support the call by the School Nutrition Association and its thousands of members in school lunch rooms calling on lawmakers to relax the regulations to reduce waste and increase student participation.

Previous research on the school lunch program found school food waste increased by about $1 billion because of the federal regulations. The Government Accountability Office estimates that about 1.2 million fewer students than before the restrictions went into effect.

 

Democrats Say the Economy is Great, This Guy Knows

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Have you met Marc Lasry? You know the guy who is co-owner of the Milwaukee Bucks…

NO WONDER AMERICA IS IN TROUBLE: FRAUD, COLLUSION, CONSPIRACY and well read on….

He is a billionaire hedge fund manager and he was Chelsea Clinton’s old boss. Lasry’s daughter was married in 2013, she and her husband both worked as interns for Obama’s Chief of Staff, Rahm Emanuel. Further, he is a close friend and bundler for the Clintons, and Bill suggested that Obama name Lasry as Ambassador to France, but then that nomination came to a screeching halt. Why you ask?

Well there was a big bust at the Carlyle Hotel where poker games were arranged and often included people like Leonardo DiCaprio, Ben Affleck and even Matt Damon, but there was yet one other poker player, a Russian, of the Russian mafia that is.

Then Lasry is also tight with one of those old czars that Obama hired, Steve Rattner, he was the car czar, you remember ‘cash for clunkers’ and the auto bailouts? Yeah, that guy.

Anyway, this hedge fund and financial guru of Moroccan descent, says the economy is great and is rolling along being quite stable. What?

It is no wonder that Barack Obama never talks about the lack of jobs or the 18 trillion of debt. It appears both Lasry and Obama know nothing of the U.S. financial condition and perhaps even Treasury secretary Jack Lew and Federal Reserve Chairman both just keep the duck take applied to the unstableness.

Obama Mega-Donor, Clinton Foundation Donor: ‘The Economy is Fine’

FreeBeacon: Billionaire hedge fund co-owner Marc Lasry, a mega-donor to President Obama and the Clinton Foundation, says that the “economy is fine” after the Dow Jones industrial average tumbled 1,000 points in the first minutes of trading on Monday.

“What I have told investors is the economy is fine but now is a great time to be buying some things when they get hit,” Lasry told the New York Times. “Other people may be having issues. For us, that is an opportunity as opposed to a problem.”

Lasry, co-owner of the $13.9 billion hedge fund Avenue Capital Group, is one of President Obama’s top campaign bundlers.

Since 2008, Lasry has contributed $282,900 to Democratic candidates and committees, including $9,600 to Obama. He also raised more than $500,000 for Obama’s reelection.

Additionally, Lasry is listed as donating between $100,000 and $250,000 to the Bill, Hillary, and Chelsea Clinton Foundation.

Lasry has also held fundraisers for Hillary Clinton’s campaign. On May 13, Lasry held $2,700 per person fundraiser at his home in New York City. “I think she will best represent this country and do what’s right for everybody so therefore I will do whatever I can to help her,” he said.

The billionaire was also offered an ambassadorship to France by Obama but had to withdraw his name when FBI tapes linked him to a high-stakes poker ring tied to Russian mobsters.

In case you want to know more about that Russian mafia thing…

The FBI Busted A Russian Gambling Ring That Catered To Wall Streeters, Oligarchs, And Hollywood Stars

More than thirty people were charged by federal authorities in a massive illegal gambling, money laundering, and extortion scheme tied to Russian organized crime, according to an indictment in the U.S. District Court Southern District of New York.

The operation allegedly involved two criminal organizations, Nahmad-Trincher (based in Los Angeles and NYC), which catered to millionaires, billionaires and poker pros, and Taiwanchik-Trincher (based in Kiev, NYC, and Moscow), which serviced oligarchs from Russia and the former Soviet Union.

According the indictment, these groups had operations spanning across continents with defendants located in Los Angeles, Russia, New York and the former Soviet Union, bank accounts in Switzerland, holding companies in Cyprus and the United States, and a gambling website in Taiwan.

The characters in the drama include the son of a billionaire art dealer, a Bronx plumber, a JPMorgan branch manager, a real estate firm in New York, a car repair shop in Brooklyn, and a Russian man charged with allegedly bid-rigging the Salt Lake City 2002 Olympic Games, etc.

Basically, this goes deep.

The Taiwanchik-Trincher Organization, which the indictment identifies as an “international organized crime group with leadership based in New York City, Kiev, and Moscow,” was allegedly led by Alimzhan Tokhtakhounov (a.k.a. “Alik”), Vadim Trincher (a.k.a. “Dima”), and Anatoly Golubchick (a.k.a. “Tony”), the indictment said. They are all named as defendants.

You might recognize the name Tokhatkhounov. He was the guy charged with allegedly bribing officials at the 2002 Winter Olympic Games in Salt Lake City, according to the indictment.

Based in Russia, Tokhatkhounov was allegedly referred to as “Vor,” which is defined as a Russian term meaning “Thief-in-Law.”

It’s basically like a version of the “Godfather,” and is a moniker bestowed on the highest-level criminal figures from the former Soviet Union. According to the indictment, a “Vor” gets tribute from other criminals, offers protection, and uses “their authority to resolve disputes among criminals.”

Tokhatkhounov’s group allegedly ran an illegal gambling business, money laundering, extortion, and other criminal operations. The crux of their business, however, was a series of high-stakes poker games and gambling activities frequented by oligarchs.

Nahmad-Trincher, based in Los Angeles and NYC, was structured in much the same way, but catered to Wall Streeters, pro athletes, and Hollywood stars, The New York Times reported.

No famous figures were named specifically in the indictment.

Names or not, we’re talking big money here — like $50 million running through Cypriot and American shell companies, or $499,800 sent to a bank account in Taiwan owned by an illegal gambling website operating in the United States, or $850,000 moving from a Swiss bank account to a U.S. bank account under the control of Noah “The Oracle” Seigel.

To hide all these transactions, says the complaint, the Trincher groups relied on a sophisticated money laundering operation. Not only did they run money through a Brooklyn car garage, a real estate company, and an online used car dealership, but they also used a JP Morgan branch manager in NYC named Ronald Uy.

Uy, who was named as a defendant, allegedly assisted “in structuring several transactions at the Bank designed in part to avoid generating currency transaction reports,” according to the indictment.

Of course, gambling doesn’t work out for everyone all the time. When one client wins, another one must lose. Losers playing in the Trincher group’s high stakes games could, according to the Feds, expect violence or at least threats of it.

In one case,” Nahmad-Trincher allegedly took control of 50% of “Client-3’s” Bronx-based plumbing business when he racked up $2 million in gambling debt.

There were several arrests made today in New York, Los Angeles, Miami and other places, according to the New York Post.

Earlier this morning, the FBI raided Helly Nahmad Art Gallery at the swanky Carlyle Hotel in Manhattan’s Upper East Side. The Feds were looking for Helly Nahmad, the son of billionaire art baron David Nahmad.

 

 

Dept. of Energy, Fleecing of the Taxpayers

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Report: DOE Failed to Catch Solyndra’s Misrepresentations

by Lachlan Markay: Inspector general releases findings of years-long investigation into bankrupt solar company

A years-long investigation into the Department of Energy’s support for the bankrupt solar company Solyndra faults DOE officials, contractors, and the company itself for the department’s eventual loss of hundreds of millions of taxpayer dollars steered to the firm.

The DOE’s inspector general on Wednesday released the results of the investigation. It was undertaken in conjunction with the Department of Justice, which, the report reveals, decided early this year not to pursue any criminal charges in the matter.

Solyndra received a $535 million stimulus-backed DOE loan guarantee as part of the Obama administration’s early push for renewable energy subsidies. The company filed for bankruptcy in 2011 and laid off 1,100 employees, eventually costing taxpayers more than $500 million.

The company became a symbol of opposition to the administration’s green energy subsidy programs. Critics said its investors’ political connections had helped it to obtain taxpayer money despite obvious problems with its business.

Wednesday’s report, from DOE’s inspector general, notes these concerns, but says that the political factors supporting Solyndra’s government assistance were not examined during the investigation.

“While not the focus of the investigation, we were mindful of the concerns that had been raised regarding possible political pressure applied in the Solyndra decision-making process,” the report noted.

“Employees acknowledged that they felt tremendous pressure, in general, to process loan guarantee applications. They suggested the pressure was based on the significant interest in the program from Department leadership, the Administration, Congress, and the applicants.”

The report faults some unnamed DOE officials for failing to account for problems with the company’s business model shortly before it guaranteed financing for its solar panel production.

A week before the closing of Solyndra’s loan, an employee in the DOE’s Loan Programs Office (LPO) noticed a report from another branch of the department, the office of Energy Efficiency and Renewable Energy, that projected a per-watt cost of rooftop solar systems well below what Solyndra charged for its products.

According to the report, the LPO employee sent three emails to superiors noting the troubling data, yet no action was taken and DOE moved ahead with its Solyndra loan guarantee.

“This information should have raised serious questions concerning the viability of Solyndra’s financial model and Solyndra’s corresponding ability to service its debt payments. Instead, it was apparently disregarded,” the report found.

By that point, according to the report, Solyndra was already lying to the department about the company’s financial health: it inflated sales figures and misrepresented the costs of its solar panels to both DOE and engineering and financial contractors hired to assess its loan guarantee application.

The report primarily blames Solyndra for those misrepresentations, but it also faults LPO officials for failing to recognize apparent discrepancies in the information the company was providing.

In the run-up to the closing of its DOE-guaranteed loan, Solyndra assured the White House Office of Management and Budget and the credit rating agency Fitch, hired to assess the company’s financial prospects, that its panels were selling well and fetching a competitive price.

However, just weeks before, the company had provided DOE with a spreadsheet that “if read carefully” would have demonstrated to LPO officials that the company was inflating promises of future contracts and hiding the true costs of its products and that it “internally viewed the sales contracts as broken.”

“It is clear that there were shortcomings in the Department’s due diligence process,” the IG found, but it placed the bulk of the blame on the company itself for providing misleading and at times inaccurate information to department auditors and loan officials.

William Yeatman, a senior fellow and energy policy expert with the Competitive Enterprise Institute, said he was suspicious of IG findings that seemed to absolve the department of responsibility for ensuring the accuracy of information used to support the loan guarantee.

“The report raises more questions than answers,” Yeatman said in an email. “Outwardly, it passes the buck to Solyndra. But if you pay attention to the details, it demonstrates a woeful lack of due diligence by the Energy Department.”

“However, the IG refused to investigate a likely cause of this ineptitude—political pressure, which the report acknowledges was a factor—for whatever reason,” he added.

Since Solyndra’s bankruptcy, two other companies backed by the same loan guarantee program, Fisker Automotive and Abound Solar, have also filed for bankruptcy protection.

A third, Vehicle Production Group, ceased operations and laid off its entire staff in 2013. Another company, AM General, bought up VPG’s remaining assets, and its DOE-backed $50 million loan, for which it paid just $3 million.

Meanwhile:

EPA withholds mine spill documents from Congress

by Tori Richards: A congressional committee blasted the Environmental Protection Agency today for blocking release of documents related to the Gold King mine disaster, which poured deadly chemicals into the largest source of drinking water in the West.

“It is disappointing, but not surprising, that the EPA failed to meet the House Science Committee’s reasonable deadline in turning over documents pertaining to the Gold King Mine spill,” said Rep. Lamar Smith (R-TX). “These documents are essential to the Committee’s ongoing investigation and our upcoming hearing on Sept. 9. But more importantly, this information matters to the many Americans directly affected in western states, who are still waiting for answers from the EPA.”

Smith – who frequently spars with the EPA – is chairman of the House Science, Space, and Technology Committee. EPA director Gina McCarthy has been asked to appear and answer questions about the agency’s role in creating a 3-million-gallon toxic spill into Colorado’s Animas River on Aug. 5. Critics say McCarthy and the EPA have been unresponsive, secretive and unsympathetic toward millions of people who live in three states bordering the river.

For several days, the EPA didn’t notify the states of Utah, New Mexico or the Navajo Nation that the spill was coming their way. McCarthy waited a week before visiting Colorado and even then she refused to tour Silverton, the town nearest the Gold King mine where EPA contractors unleashed the toxic plume into waterways that feed the Colorado River. The agency withheld the name of the contractor working on the project and other details that are generally considered public information. Lastly, the Navajo Nation, which relies on the river for drinking water and farming, received an emergency supply from the EPA in oil-contaminated containers.

Smith also blasted McCarthy for traveling to Japan while controversy over the spill continues to swirl. He criticized President Barack Obama, as well.

“EPA Administrator Gina McCarthy is currently crusading on climate-change action in Japan while President Obama, who has yet to visit the areas affected by the spill, is touring the U.S. to tout EPA’s latest regulation that will do little to impact climate change and will only further burden Americans with higher electric bills,” Smith said.

And it’s not just the public and the media that have been frustrated by the EPA’s inaction.

“Time and again, the EPA has failed to be cooperative, forthright, or reasonable in its dealings with my Committee and with Congress in general,” Smith told Watchdog. “The agency embodies all the dysfunction, misguided priorities, and government overreach that angers so many Americans. The EPA seems to have a clear disregard for the very people it is intended to serve.”

The hearing is scheduled to last just a day and could include testimony from the firm that was contracted to stem the flow of toxic water from several mines above Silverton. Smith said in a statement last week that people affected by the spill continue to deal with limited information and uncertainty.

“As the agency entrusted by the American people to protect the environment and ensure the nation’s waters are clean, the EPA should be held to the highest standard,” Smith said. “The Science Committee needs to hear from the EPA about steps it is taking to repair the damage and to prevent this from ever occurring again.”

One official familiar with the committee but not authorized to speak said House members have been dismayed by an increased number of reports showing either incompetence or flat-out disregard in a variety of situations not limited just to the Animas River spill.

And at least one state senator has started an investigation into allegations that the EPA purposely caused the spill to create a Superfund site – a designation that the tiny town of Silverton has repeatedly rebuffed.

“EPA gets a failing grade from me for pursuing an extreme agenda at the expense of our nation’s economy, American interests, and, in this case, environmental protection,” Smith told Watchdog. “The more I review reports from the spill, the more questions I have about EPA’s faulty processes and failure to communicate with local residents and officials.”