Author Archives: Denise Simon

Another Secret Clinton Corporation?

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Notice the ‘To’ and ‘From’ in this document and the subject line.

 

Bill Clinton company shows complexity of family finances

WASHINGTON (AP) — The newly released financial files on Bill and Hillary Rodham Clinton’s growing fortune omit a company with no apparent employees or assets that the former president has legally used to provide consulting and other services, but which demonstrates the complexity of the family’s finances.

Because the company, WJC, LLC, has no financial assets, Hillary Clinton’s campaign was not obligated to report its existence in her recent financial disclosure report, officials with Bill Clinton’s private office and the Clinton campaign said. They were responding to questions by The Associated Press, which reviewed corporate documents.

The officials, who spoke on condition of anonymity because they were not authorized to provide private details of the former president’s finances on the record, said the entity was a “pass-through” company designed to channel payments to the former president.

Under federal ethics disclosure rules, declared candidates do not have to report assets worth less than $1,000. But the company’s existence demonstrates the complexity of tracking the Clintons’ finances as Hillary Clinton ramps up her presidential bid.

While Bill Clinton’s lucrative speeches have provided the bulk of the couple’s income, earning as much as $50 million during his wife’s four-year term as secretary of state in the Obama administration, the former president has also sought to branch out into other business activities in recent years. Little is known about the exact nature and financial worth of Bill Clinton’s non-speech business interests.

The identities of several U.S and foreign-based companies and foundations that Bill Clinton worked for have been disclosed in Hillary Clinton’s recent financial report as well as in earlier reports during her stint as secretary of state.

Under federal disclosure rules for spouses’ earned income, Hillary Clinton was only obligated to identify the source of her spouse’s income and confirm that he received more than $1,000. As a result, the precise amounts of Bill Clinton’s earned income from consulting have not been disclosed, and it’s not known how much was routed through WJC, LLC.

WJC, LLC was set up in Delaware in 2008 and again in 2013 and in New York in 2009, according to documents obtained by The AP. The company did not appear among holdings in the Clintons’ financial disclosure released last week or in previous Hillary Clinton disclosure reports between 2008 and 2013, when she resigned as secretary of state. Bill Clinton signed a document as its “authorizing person” in a corporate filing in Delaware in 2013.

A limited liability company is a commonly used business structure that provides tax advantages and limited legal protection for the assets of company owners and partners.

The purpose of Bill Clinton’s U.S.-based company was not disclosed in any of the corporate filings in Delaware and New York, but State Department files recently reviewed by the AP show that WJC, LLC surfaced in emails from Bill Clinton’s aides to the department’s ethics officials.

In February 2009, Clinton’s counselor, Douglas Band, asked State Department ethics officials to clear Bill Clinton’s consulting work for three companies owned by influential Democratic party donors. Memos sent by Band proposed that Bill Clinton would provide “consulting services regarding geopolitical, economic and social trends affecting the entity and philanthropic opportunities” through the WJC, LLC entity.

State Department officials approved Bill Clinton’s consulting work for longtime friend Steve Bing’s Shangri-La Industries and another with Wasserman Investments, GP, a firm run by entertainment executive and Democratic party donor Casey Wasserman. The ethics officials turned down Bill Clinton’s proposed work with a firm run by entertainment magnate and Democratic donor Haim Saban because of Saban’s active role in Mideast political affairs.

WJC, LLC was also cited by Band in a June 2011 memo sent to State Department ethics officials asking for clearance to allow Bill Clinton to advise Band’s international consulting company, Teneo Strategy LLC. Band’s request said Teneo would use “consulting services provided by President Clinton through WJC, LLC.” State Department officials approved the three-year contract between the two companies.

None of the proposals detailed how much Bill Clinton would be paid.

While Hillary Clinton’s 2011 federal disclosure report did not mention WJC, LLC, it reported that Bill Clinton received “non-employee compensation over $1,000 from Teneo,” but did not disclose a more precise amount. Federal disclosure rules require the spouses of filers to disclose the identity of any income sources over $1,000, but they do not have to provide exact figures.

Pass-through, or shell, companies became an issue in the 2012 presidential campaign when Republican candidate Mitt Romney disclosed a private equity entity worth $1.9 million despite failing to report the company on his previous federal disclosure. Romney aides said the company previously held no assets but then received the $1.9 million “true up” payment — a catch-up payment to make up for private equity fees from defunct investment advisory businesses that had not been previously paid.

Can We Save Ourselves, Can We Save This Marine?

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Muslims on our college campuses are getting particular special treatment. Then they are also placed in positions that put other students at risk.

Muslims are have created programs out of alleged Islamophobia.

There is a real detriment and this Marine tells his story.

Student vet with PTSD suspended, labeled ‘threat’ to peers after requesting to meet with non-Muslim counselor

  • Jeremy Rawls, a former active-duty Marine and senior at Mississippi College was recently suspended and labeled a threat to himself and other students after requesting to meet with a non-Muslim counselor.
  • Rawls has been diagnosed with several combat-related disabilities including lung disease and post traumatic stress disorder.

Months after the U.S. Department of Veterans Affairs (VA) pledged to improve its treatment of veterans, disabled student veteran Jeremy Rawls is hoping his college might do the same.

Since February, the rising senior at Mississippi College in Clinton, Miss. has struggled to maintain good grades and reclaim his work-study position after MC administrators allegedly suspended him and labeled him a threat to himself and other students.

In an exclusive interview with Campus Reform, the former active-duty Marine who served two combat tours in Iraq said his suspension came after he requested to meet with a different counselor in the school’s Office of Counseling and Disability Services. Rawls, who is diagnosed with combat-related post-traumatic stress disorder (PTSD), was originally paired with a female counselor who wore traditional Muslim dress during his initial visit to the office.

“It’s not that I didn’t want to participate… I didn’t want to traumatize her and it wasn’t a good environment to be talking about [my disabilities] with that specific person,” Rawls said.

Rawls’s original reason for visiting the school’s counseling office was to pick up paperwork intended for his professors, a task that had been delayed because of a lengthy recovery from knee surgery.

“Every semester I have to identify with the school as disabled and they give me letters to give to my professors,” Rawls explained. “This semester I had a surgery at the beginning which caused some issues in getting some letters.”

According to Rawls, his attempts to meet with staff members to discuss the school’s policy about changing counselors were repeatedly ignored and it wasn’t until a recent meeting with administrators that he was able to speak with staff.

“Their response was suspending me pending a mental evaluation which I provided and then they put me on further restriction and a reintegration program,” Rawls said.

In an email notifying Rawls of his suspension, Associate Dean of Students Jonathan Ambrose said administrators and the Student Intervention Team have a “due diligence in not only the protection of yourself, but also the campus community as a whole from potential harm or the threat there of.”

“You are not permitted to be on campus for any reason or attend class during the duration of the Interim Suspension unless you have written permission,” states an email sent to Rawls on Feb. 26 and later obtained by Campus Reform.

“To have been a marine and to tell us we’re a threat…that’s actually a compliment,” said Rawls. “But telling me I’m a threat to others was extremely offensive.”

According to Rawls, who is pursuing a degree in English with a minor in education, the school never spoke with “a single professor” about his grades or behavior prior to suspending and subsequently removing him from a work-study position which he’d procured through the local VA.

On March 16, Rawls was notified of his permission to reintegrate back into academics after fulfilling the school’s request for an independent mental evaluation.

“At this time, you are only allowed integration back into academics, meaning: attending class, lectures, or any other academic related matter that is pertinent to a class or graded assignment,” Ambrose wrote in a second email to the student veteran.

In addition to a provision restricting Rawls from attending on-campus events or participating in student organizations, the school’s Integration Action Plan required that he “show ability to handle [his] academic course load” and “demonstrate regular attendance in mental health therapy at a licensed therapist” of his choice.

“The college itself is very supportive, there is just an ignorance toward veterans with PTSD and they are demonized so much by the media which led to confusion about what they [MC administrators] were dealing with,” Rawls said.

According to Rawls, the university also requested that he provide access to his medical records to the very counseling department where he encountered the original problem.

After successfully filing a complaint with the Equal Employment Opportunity Commission, Rawls began seeking legal representation—a task he says has been more difficult than anticipated.

“Lawyers generally see veterans as an issue,” Rawls explained, adding that “every single one has told me ‘Yes, this is an issue,’ but they don’t do civil rights law or they’re not in the right location or they’re too busy.”

“I’ve been given every excuse imaginable,” Rawls said.

Last Thursday, Rawls met with administrators in an effort to begin resolving the matter and to ensure that he is able to fully participate in academics and extracurricular activities in the coming school year.

“They asked me what I wanted and I told them I want to be a normal student and I want my job back,” Rawls said.

In addition to serving in the Marine Corps, Rawls worked as a private contractor in Afghanistan and was a member of the Army National Guard for seven years. He was on active-duty in Iraq during the Second Battle of Fallujah—named the bloodiest battle of the Iraq War—and says he’s lost many friends to suicide due to PTSD.

The committed student and proud veteran believes his school’s actions reflect the need for “cultural change.”

“If they’ll do this to me, and I’m one of the most outspoken veterans on campus, they’ll definitely do this to others,” Rawls said.

According to Rawls, friends of his who are familiar with the situation—namely fellow student veterans—are deeply offended by MC’s conduct.

“They believe that if they had an altercation, they are automatically going to be seen as the aggressor now or that because they have PTSD, they are going to be viewed as unstable,” Rawls said.

Although Rawls “doesn’t really see a long-term solution to this,” he remains dedicated to his academics and intends to graduate from MC next spring.

“I still wish to go to MC and I know the vast majority is conservative and veteran-friendly, I guess this issue has slipped through the cracks,” Rawls said.

Mississippi College did not respond to a request for comment in time for publication.

 

Muslims Laugh at Obama’s Climate Change Speech

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The immediate threat to national security is climate change…sheesh

The White House is the laughing stock of the globe.

Barack Obama used his commencement speech to the U.S. Coast Guard Academy in New London, Connecticut on Wednesday, to focus on a topic he called an immediate national security threat: climate change.

“Climate change will impact every country on the planet. No nation is immune,” the President told the 218 graduating cadets. “Climate change constitutes a serious threat to global security, an immediate risk to our national security, and, make no mistake, it will impact how our military defends our country. And so we need to act — and we need to act now.”

President Obama stressed the effects of climate change and its role in natural disasters and humanitarian crises, citing potential increases in refugee flows, a lack of food and water and threatening the readiness of U.S. military forces.

“Many of our military installations are on the coast, including, of course, our Coast Guard stations. Around Norfolk, high tides and storms increasingly flood parts of our Navy base and an air base. In Alaska, thawing permafrost is damaging military facilities. Out West, deeper droughts and longer wildfires could threaten training areas our troops depend on.”

So, at the end of last week a joint bulletin was distributed describing domestic targets in the near-term.

U.S. investigators are becoming overwhelmed trying to keep up with the social media barrage by U.S.-based supporters of the Islamic State — with the latest information suggesting “US military bases, locations, and events could be targeted in the near-term.”

The warning comes in a new, six-page bulletin obtained exclusively by Fox News. It warns law enforcement and specifically military personnel to be vigilant during upcoming national holidays and military events due to the “heightened threat of attacks by the Islamic State of Iraq and the Levant (ISIL).”

Sent one day before the Memorial Day holiday weekend, the joint bulletin — from the Federal Bureau of Investigation, Department of Homeland Security and National Counterterrorism Center — advised there is no “credible” threat information targeting events on U.S. federal holidays. But it said, “we are aware of recent information suggesting US military bases, locations, and events could be targeted in the near-term.”

While the FBI and other law enforcement agencies have given generic warnings in the past, this bulletin spelled out the heightened chatter and advised precautions that should be taken. The list of “observable behaviors” also points to so-called insider threats, and warns about individuals asking “unusual questions” about building maintenance or security procedures.

Now enter the chiding of Obama on his panicked climate change looming disaster.

Hillary, Libya, Goldman Sachs and Rebels

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Okay, call holding for Trey Gowdy…perhaps he should know about lifted sanctions where surely a certain server has some emails. Seems there are billions at stake even today and Hillary knew it and frankly still does know it. So many more moving parts. Going back to 2011….

Libyan Power Struggle Threatens Fund’s Goldman, SocGen Suits

A fight for control of Libya’s $60 billion sovereign wealth fund threatens to derail its multibillion dollar lawsuits against Goldman Sachs Group Inc. and Societe Generale SA.

Since the Libyan Investment Authority’s London law firm quit in April, two competing factions have claimed control, hiring separate lawyers and public relations firms.

There is a “state of chaos” in the litigation, lawyer Andrew Hunter told a London judge Friday. He represents a potential witness in the Societe Generale case who says confidential files have been mishandled.

 

“It hasn’t been possible to get consent from the LIA” over the documents, Hunter said, “because there is no one at the LIA to get consent from.”

Libya’s sovereign wealth fund sued Goldman Sachs and Societe Generale, each for more than $1 billion, over investment deals that turned sour. Since the cases were filed last year, armed conflict between rival administrations in Tripoli and Tobruk has led to escalating violence and turmoil in the North African nation, ruled for 42 years by dictator Muammar Qaddafi before his death in 2011.

The Libyan Investment Authority has been shrouded in secrecy.

In one of Africa’s largest and most secretive foreign agricultural investment deals, oil-rich Libya, under the leadership of Colonel Muammar Gaddafi, signed a 50-year, renewable lease for the land with Mali’s government in 2008.

20150525malibyaThe land in the Office of Niger, the agricultural heart of the West African country, was provided rent free, with water rights included, on the condition that Libya build canals and roads to cultivate rice and cattle there. Read more here.

Hillary had sanctions lifted.

U.S. Seeks to Use Frozen Gadhafi Assets to Aid Rebels

The U.S. is moving to free up more than $30 billion in frozen Libyan assets, a small part of which would go to fund opposition forces, Secretary of State Hillary Clinton said, in a move that could bolster a world-wide effort to finance Libya’s struggling rebel movement.

Speaking ahead of a meeting with other top diplomats in Rome, Mrs. Clinton said the Obama administration was working with Congress to pass legislation allowing the Treasury Department to release Gadhafi-regime assets that it had frozen earlier this year in the wake of the Libyan dictator’s violent crackdown on protesters.

Libya’s deputy foreign minister, Khaled Kaim, told reporters in Tripoli that giving the frozen assets to the rebels would be illegal, “like piracy on the high seas.”

In a first step, once the funds are unfrozen, the U.S. is considering sending more than $150 million to humanitarian agencies for use in rebel territory, a State Department official said.

The U.S. efforts come as 22 nations agreed at a meeting in Rome Thursday to set up an internationally monitored multibillion-dollar fund aimed at helping Libya’s rebel government, the Transitional National Council, fund basic provisions such as food and medicine, pay military salaries and rebuild hospitals and schools, according to several officials at the meeting.

The allied countries have already pledged $250 million in humanitarian aid, said Italian Foreign Minister Franco Frattini.

Money from the fund won’t be used to pay for arms, said Mahmoud Jibril, the Libyan rebel group’s de-facto foreign minister, who also attended the meeting.

“Two weeks ago nobody was talking about… giving the [rebels] the means to defend themselves, but now I think it’s more accepted,” Qatar’s Prime Minister Sheikh Hamad Bin Jassim Bin Jabr al-Thani said after the meeting.

Sheikh Hamad added that the fund would be overseen by a five-member board, including three people appointed by the rebel council, one named by Qatar and another representing France and Italy on a six-month rotating basis.

Officials envisioned that the fund could in part be filled by assets of the Gadhafi government that have over the past few months been frozen by the United Nations and the European Union.

In March, the E.U. froze foreign assets owned by the Gadhafi family and the dictator’s close lieutenants. The E.U. also froze stakes that Libya’s central bank and its sovereign-wealth fund, the Libyan Investment Authority, hold in large European companies, ranging from banks to defense contractors.

On Thursday, the U.S. Treasury department announced that it planned to freeze assets under U.S. jurisdiction that are linked to Libya’s state broadcaster and two Libyan investment funds.

For the U.S., however, unlocking and using the frozen Gadhafi-government funds is difficult for legal reasons. Though the U.S. has allocated $25 million to help the rebels procure supplies, Washington hasn’t recognized the rebel leadership council as Libya’s rightful government—as some European countries have done—complicating the U.S.’s ability to provide funding.

If Congress passes legislation allowing those frozen assets to be tapped “we can make those funds available to help the Libyan people,” Mrs. Clinton said at the meeting.

Mrs. Clinton also called on her counterparts to turn up diplomatic pressure on Col. Gadhafi by sending envoys to Benghazi. Isolating his regime, she said, “includes suspending the operations of Gadhafi’s embassies and expelling pro-Gadhafi diplomats, as the U.S. and other countries have done, and sending envoys to Benghazi and facilitating the creation of [Transitional National Council] representative offices in capitals world-wide.”

The U.S. has sent an envoy to Benghazi. Mahmoud Jibril, the rebels’ de facto foreign minister, is expected visit Washington next week and meet with Treasury officials.

During the meeting, the group of allies also discussed conditions for security a cease-fire in Libya that would include easing the departure of the Gadhafi family from Libya and urging the country’s national assembly to write a new constitution, Mr. Frattini, the Italian foreign minister, said. He said “a few weeks is a realistic period” to secure a truce.

 

Chicago, Case Study of Foreign Takeover

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Chicago is in financial trouble and could be the next major metropolitan city to stand in bankruptcy court. This is not a recent condition yet in 2004, infrastructure was being sold off to raise revenue.

The Brookings Institution found that the Chicago region had more than 4,000 foreign-owned establishments that employed more than 223,000 people, according to 2011 data, the most recent available. In total employment at foreign-owned companies, Chicago ranks third in the nation, behind New York and Los Angeles.

Toll roads in Chicago are now in the ownership of Cintra, the largest private sector transportation corporation. Cintra is based in Spain and layers deep the King of Spain Juan Carlos is a player. No wonder that Michelle Obama has visited Spain twice eh?

Another move for Chicago, Al Faisal Group (one of Qatar real estate investment arms) bought the Radisson Blu Aqua hotel.

Qatar Airways announced plans to expand its U.S. service in 2014 by adding Dallas, Miami and Philadelphia to a lineup of destinations that includes Houston, Washington, New York and Chicago. And last month, Qatar said it will spend $19 billion to buy 50 Boeing 777 aircraft, part of a larger deal between the U.S. aviation company and Qatar and the United Arab Emirates.

The number of Qatari students at U.S. universities has jumped fivefold in the past decade, and the Qatari Foundation International is spending $5 million this year to encourage U.S. schools to teach Arabic. *** Qatar provided financial and political support for Islamist groups such as the Muslim Brotherhood in Egypt and the ruling Ennahda party in Tunisia, but it has more recently backed away from that role, especially after a military coup ousted Qatar’s allies from control of Egypt.

Then there is China and a new foothold in Chicago.

Wanda announces $900 million investment in Chicago hotel project

The Wanda Group announced on June 8 that it would invest US$900 million in the United States’ second largest city Chicago, to build the city’s third tallest building.

The Chicago site is located in the vibrant and affluent Lakeshore East development in downtown Chicago, one of the last remaining sites within the Lakeshore East area. Many of Chicago’s well-known sites and attractions are within walking distance from the site, such as the Theatre District, Museum Campus and Michigan Ave.

Wanda Group will build a 350-meter high, 89-floor skyscraper, which will have a gross floor area of 131,400 square meters. The building will also house a 240-room luxury five-star hotel as well as luxury apartments and a commercial center. The project will begin construction this year and officially open in 2018.

The Chicago project is Wanda Group’s third overseas five-star hotel project, following announcements of luxury hotel projects in London and Madrid.

“Investing in Chicago property is just Wanda’s first move into the US real estate market,” said Wanda Group Chairman Wang Jianlin, “Within a year, Wanda will invest in more five-star hotel projects in major US cities like New York, Los Angeles and San Francisco. By 2020, Wanda will have Wanda branded five-star hotels in 12-15 major world cities and build an internationally influential Chinese luxury hotel brand.” If you go to the movies, an AMC theater….China.

In January 2011 The Chicago Council on Global Affairs released the report Capturing Chicago’s Global Opportunity. The report found that although Chicago ranks as one of the top ten global cities, “it lags its global peers in the amount of inward foreign direct investment (FDI) in the city.” This was based on the 2010 PricewaterhouseCoopers Cities of Opportunity study in which Chicago scored seventeenth out of twenty-one capital market centers around the world on physical growth due to the low level of FDI. The more recent 2011 Cities of Opportunity study ranked Chicago twenty-fourth out of twenty-six cities in attracting FDI capital investments and greenfield projects.

To better understand the challenges and opportunities of FDI in Chicago and develop a comprehensive FDI strategy for the area, The Chicago Council on Global Affairs convened a group of prominent Chicago business and civic leaders that began meeting in January 2012. The study was cochaired by Michael H. Moskow, former president and chief executive officer of the Federal Reserve Bank of Chicago and currently vice chairman and senior fellow for the global economy at The Chicago Council on Global Affairs, and William A. Osborn, former chairman and chief executive officer of Northern Trust Corporation. After months of research, interviews, meetings on the issue and on the strategies and experiences of other major global metropolitan areas, the study group developed key recommendations to help the city reach out to foreign-owned companies and increase FDI through existing and new sources of investment.

This report presents the findings and recommendations of the study group members on how to best advance Chicago’s economic development through global engagement.

Oh, if you happen to shop for fine and distinctive jewels at Tiffany’s, well Qatar has ownership in that too. So, what foreign entity owns your company, your roads, your grocery store or has financial influence on the school your child attends?