Iran is on a Peace Through Strength Mission

Sheesh

When it comes to those in Congress supporting the White House Iran nuclear deal, those in favor have countless reasons to bow out and vote no.

The Iran deal facts are here.

Iran unveils new missile, says seeks peace through strength

Reuters: Iran on Saturday unveiled a new surface-to-surface missile it said could strike targets with pin-point accuracy within a range of 500 km (310 miles) and it said military might was a precondition for peace and effective diplomacy.

The defense ministry’s unveiling of the solid-fuel missile, named Fateh 313, came little more than a month after Iran and world powers reached a deal that requires Tehran to abide by new limits on its nuclear program in return for Western governments easing economic sanctions.

According to that deal, any transfer to Iran of ballistic missile technology during the next eight years will be subject to the approval of the United Nations Security Council, and the United States has promised to veto any such requests. An arms embargo on conventional weapons also stays, preventing their import and export for five years.

But Iran has said it will not follow parts of the nuclear deal that restricts its military capabilities, a stance reaffirmed by President Hassan Rouhani on Saturday.

“We will buy, sell and develop any weapons we need and we will not ask for permission or abide by any resolution for that,” he said in a speech at the unveiling ceremony broadcast live on state television.

“We can negotiate with other countries only when we are powerful. If a country does not have power and independence, it cannot seek real peace,” he said.

The defense ministry said the Fateh 313, unveiled on Iran’s Defence Industry Day, had already been successfully tested and that mass production would start soon. More threat details here.

Then comes the other demands Iran is making now, a prisoner release.

Tehran official: Diplomats seek release of at least 19 Iranians held in U.S.

WaPo: A senior Iranian diplomat said the country is working through third-country channels to seek the release of at least 19 Iranians jailed in the United States, according to a report Friday, even as U.S. officials press Tehran to free Americans held in custody.

The comments by Hassan Qashqavi, a deputy foreign minister, did not identify the Iranians he claimed are being held in the United States, but he described them as “political prisoners,” Iran’s official Islamic Republic News Agency reported.

Last month, the head of the Iranian parliament’s foreign policy and national security committee, Alaeddin Boroujerdi, ­issued a letter urging Iranian Foreign Minister Mohammad Javad Zarif to demand the release of “a considerable number” of Iranians he claimed had been “unfairly jailed” by U.S. authorities for alleged sanctions violations.

Deeper dive on doing business in Iran is noted here. Remember Barack Obama waived sanctions and you will be fascinated with some of these facts.

Despite Sanctions, a Constellation of Business Seen in Iran

Decades of increasing sanctions against Iran have taken a toll on the Iranian economy and kept most companies out. But a broad range of organizations, from medical companies such as GE Healthcare to aerospace firms such as Lufthansa Technik, as well as educational institutions such as Harvard University, have obtained permission to operate in the country, according to a Wall Street Journal analysis of sanctions licenses issued by the U.S. Department of Treasury in the first three months of 2014.

Below are a selection of 296 licenses, either granted or amended, for organizations to conduct business with Iran, demonstrating a sweep of legal commercial and non-profit activities that continue despite sanctions.  A must read to the end, click here.

 

When China Collapses Financially, it Takes Other Enterprises Down, Oil

China loses control of economy and production is falling.

Investment in China has been a bad bet for many months.

One big issue could be some of the university investments and pension funds along with State pension funds. If you think 2008 was bad, things can could get worse. Let take a look at California.

California Public Pension Funds Lost $5 Billion On Fossil Fuel Investments In One Year

Two of California’s massive public pension funds lost more than $5 billion on investments in coal, oil and natural gas in just 12 months.

According to a report released by environmental group 350.org, the California Public Employees’ Retirement System (CalPERS) lost $3 billion and the California State Teachers’ Retirement System (CalSTRS) lost $2.1 billion from their holdings in the top 200 fossil fuel companies between June 2014 and June of this year.

Combined, the two funds lost a total of $840 million from their stock investments in coal companies alone — one-fourth of the value of their coal holdings.

Meanwhile, Bloomberg reported earlier this month that CalPERS, the largest public pension fund in the US, lost $40 million on just one oil company, Pioneer Natural Resources Co.

Together, CalPERS and CalSTRS represent a total of nearly 2.6 million Californians and their families.

“This is a material loss of money, which directly impacts the strength of the pension fund,” Matthew Patsky, CEO of Trillium Asset Management, which performed the analysis on behalf of 350, said in a statement. “Fossil fuel stocks are volatile investments. Investors and fiduciaries should take this moment to reassess their financial involvement in carbon pollution, climate disruption and the financial risk fossil fuels plays in their portfolio.”

The report comes as California legislators are set to consider a bill that would force CalPERS and CalSTRS to divest from fossil fuels, at least in part.

State Senate President Pro Tem Kevin De León introduced S.B. 185 earlier this year as part of a larger package of legislation intended to address global warming and its impacts. S.B 185 would require both CalPERS and CalSTRS to divest from companies that earn at least half of their revenue from coal mining operations.

The state senate approved the entire package of climate legislation in the Spring. S.B 185 is expected to be considered by California’s lower legislative chamber, the State Assembly, later this month.

“This bill is the right thing to do from both the economic and social perspective,” State Sen. Jerry Hill, who co-authored S.B 185, told the San Francisco Chronicle. “We should be moving to sources of energy, and investments, that are socially responsible and will take us from the 20th century and into the 21st.”

CalPERS has holdings in about 30 coal companies with a combined market value of $167 million that would be impacted by SB185, per the SF Chronicle. CalSTRS holds about $40 million in coal investments that would be affected.

“On behalf of teachers across the state, I have been urging CalSTRS to take our investments out of fossil fuels,” Jane Vosburg, a CalSTRS member and organizer with Fossil Fuel California, said in a statement. “Financial experts have long warned about the high risk of fossil fuel investments. Teachers’ pension funds should not be invested in an industry that threatens human civilization.”

If S.B. 185 passes, the California pension funds will become the latest institutions to join the growing divestment movement, a worldwide effort to compel pension funds, religious institutions, universities and other investors to divest their financial holdings in fossil fuel companies.

“It’s important to see that fossil fuels in general, and coal in particular, are risky bets for the pension system,” said Brett Fleishman, a senior analyst with 350.org. “When folks are saying divestment is risky, we can say, ‘Well, not divesting is risky.’

US crude oil dives below $40 a barrel in opening trade

New York (AFP) – US crude oil prices continued to fall Monday, diving below $40 a barrel to their lowest level since 2009, amid a global market selloff sparked by fears of China’s slowdown.

US benchmark West Texas Intermediate (WTI) for October delivery tumbled by $1.39 to $39.06 a barrel on the New York Mercantile Exchange around 1305 GMT. On Friday the contract had slipped below $40 in intraday trade.

As Iran now is increasing drilling output, oil will go lower in the price per barrel. Sounds good but not so much.

 

US Patent Office, Fraudulent Employees Play Golf

Is there any government agency that is without scandal? The fleecing of the taxpayer is without limits.

The 29 page investigation report is here.

Since we tend to forget, how about a reminder that Barack Obama said he would go through the budget line by line.

Well in 2011: GOP: Obama never scoured budget ‘line by line’

The Hill: House Republicans are arguing President Obama broke a promise to scour the federal budget “line by line” to look for savings. 

Obama made the promise during the 2008 campaign, but House Energy and Commerce Investigations subcommittee Chairman Cliff Stearns (R-Fla.) and committee Republicans insisted Wednesday there is no evidence that the Office of Management and Budget (OMB) conducted such an exhaustive review.

Stearns also said that the $17 billion in program savings Obama’s budget office found was half of that found in the Bush administration.

Republicans said that Obama’s review does not differ from the ordinary presidential budget process and that the president has exaggerated any savings found by including tax increases and savings from drawing down the wars in Iraq and Afghanistan.

Congressional Research Service expert Clinton Brass said he would be “surprised” if the president would be able to take the time to read his entire budget. He testified that the administration has produced a list of programs to be terminated or reduced, but that such a list was also produced in prior administrations.

Democrats at a Wednesday hearing said Obama was speaking figuratively when he said he would conduct a line by line review.

“If this is a ‘gotcha’ hearing on whether the administration has actually done a line-by-line review, I reject its premise,” Rep. Henry Waxman (D-Calif.) said. “There is no question if it has examined the budget closely … I am afraid my colleagues have misunderstood a figure of speech.”

Republicans were irate that OMB would not send Budget Director Jack Lew to explain whether a line-by-line review was conducted. Committee ranking member Rep. Diana DeGette (D-Colo.) also said she regretted that OMB would not send anyone to testify.

Committee staff said that OMB told them Lew does not testify to subcommittees, and since there is no confirmed deputy director, there is no one available to testify.

At the hearing, Waxman said Congress should look in the mirror at its own budget failings. He pointed out that Speaker John Boehner (R-Ohio) promised to do away with omnibus spending bills and is now contemplating one. He also said Congress has delegated important responsibilities to the deficit supercommittee.

*** None of these things are working out well at all, certainly since 2011. So how about that Patent Office?

Government Employee Paid to Golf, Play Pool

FreeBeacon:

Taxpayers paid a government worker at the U.S. Patent Office to play golf and pool, according to an investigation by the Commerce Department’s Office of Inspector General (OIG) that found nearly half of the employee’s billed hours were fraudulent.

The employee, who worked as a patent examiner in the U.S. Patent and Trademark Office (USPTO), earned over $70,000 a year despite “egregious time and attendance abuse,” which was not checked by managers at the office. The employee, referred to in the report as “Examiner A,” resigned after learning of the OIG’s investigation.

“According to the evidence, Examiner A received payment for over 18 full weeks of work, in aggregate, that he did not actually work,” the audit said. “Ultimately, USPTO management’s system of internal controls did not detect Examiner A’s time and attendance abuse; to the contrary, these issues did not come to light until a whistleblower submitted anonymous notes to the examiner’s supervisor and another manager.”

The anonymous letter in August 2014 that sparked the investigation said the employee “never shows up to work,” “seems to get away with anything,” and that he would only come into the office at the end of every quarter to submit “garbage” work.

“The note questioned how the supervisors could ‘allow this type of behavior’ to occur and why Examiner A had not ‘been fired by now for performance,’” the OIG said.

In all, the employee “committed at least 730 hours of time and attendance abuse, resulting in the payment of approximately $25,500 for hours not worked in FY 2014 alone.” The majority of the hours he did not enter the office building, or use his government-issued laptop.

The abused hours accounted for 43 percent of the employee’s total hours for the year. The hours amounted to 91 eight-hour workdays, or roughly 3 months. The OIG recorded 58 full workdays where there was no evidence that he entered the building.

However, the OIG said the employee likely got away with being paid for more hours he was not working because the employee was “given the benefit of the doubt.”

The employee was paid for full days of work, even though he often left to “hit golf balls at Golf Bar, play pool, or socialize at restaurants.”

The OIG examined instant messages between the employee and his coworkers about hitting the driving range.

One message occurred just before 1 p.m., after the employee spent less than 3 hours at the USPTO office.

“Ok, did u wanna [hit golf balls at Golf Bar] today at all?” he said. His coworker replied, “actually yeah, let’s just go there now?”

“I’ll walk over lemme just hit the restroom,” the employee said.

The other employee also said he was probably leaving soon anyway, saying, “godda go watch walking dead, etc.”

On another occasion the employee tried to convince a colleague to leave to play pool because he was “bored,” but they declined because they were “writing up a case.”

“Call me later if you wanna chill,” he said.

The USPTO did not review the employee’s time and attendance records despite “numerous red flags” the OIG said. The employee also was not fired despite receiving an “unacceptable” performance rating in 2012, 2013, and 2014, and “numerous complaints” about his work.

The employee’s supervisor said he “never suspected” that he was violating work policies, and cited that numerous employees at the USPTO have flexible work schedules that allow telecommuting.

The OIG has found attendance abuse in the agency before. Paralegals working for the agency were “paid to do nothing,” passing their time watching Netflix, doing laundry, and shopping online, costing taxpayers at least $5 million.

The audit warned that telework abuse could be widespread, given that nearly 10,000 patent office employees work from home at least once a week, and 5,000 work from home full time, or four to five days each week.

“While this report presents a case study of only one individual’s time and attendance abuse at USPTO, it illustrates the difficulties in preventing and detecting such activity in USPTO’s geographically dispersed workforce,” the OIG said.

“Although the USPTO has touted the benefits of its telework program, such as a reduction in rent, increases in employee satisfaction and retention, and a workforce much less affected by severe weather and traffic, this and other OIG efforts show that these programs also carry risks for abuse,” they said.

The OIG said the agency should try to recover the $25,500 in fraudulent pay through the legal system.

 

Can the UK or the Foreign Minister be Anymore Stupid?

 Philip Hammond@PHammondMP 7h7 hours ago

Leading business delegation with to discuss future opportunities in for British business.

Embedded image permalink

Graffiti in Persian reads "Death to England" is seen above a picture of Queen Elizabeth II at the British Embassy in Tehran, Iran   

Courtesy of the Telegraph.

The graffiti above a portrait of the Queen provided a scrawled reminder of just how venomous Anglo-Iranian relations once were.

”Death to England” read the message in orange marker pen, daubed inside the elegant ambassador’s residence of the British embassy in Tehran. The motif was still visible on Sunday when Philip Hammond officially reopened the mission, four years after a mob vandalised its spacious premises.

On November 29 2011, this building along with every other in the embassy’s five-acre compound was ransacked by about 200 people, including members of the regime’s Basij militia.

The Foreign Secretary says Iran and Britain will not always agree but there should be no limit to what the countries can achieve together ….. He said WHAT?

Iran’s ayatollahs will never be friends of the UK

We are heading for disaster if we abandon our historic Middle East allies in favour of friendship with Tehran

In part from the Guardian: Here we go again: another British foreign secretary in Iran with the hopeful expectation of forging closer ties with the ayatollahs. Ever since Iran’s Islamic revolution in 1979, the holy grail of British foreign policy has been to reach out to the moderates in Tehran, thereby isolating the hardliners.

Back in the Eighties when, thanks to Iran’s Revolutionary Guard, British hostages such as Terry Waite and John McCarthy spent five or so years chained to radiators in Lebanon’s Bekaa Valley, Sir Geoffrey Howe, our then foreign secretary, frequently told me that the hostage crisis could be resolved if only we could establish a working relationship with the moderates in Tehran. But for all our entreaties, the hardliners won the day, and the hostages were eventually released when the ayatollahs deemed them to be surplus to their agenda.

More recently, in 2003, New Labour’s Jack Straw believed he had identified a similar moderate tendency in Iran’s political establishment, during the presidency of Mohammad Khatami. This, of course, was in the aftermath of the Iraq War, when the ayatollahs feared – not unduly – that they might be next on President George W Bush’s hit list.

Lord Lamont, the former Tory Chancellor, is one of the more vocal members among an influential group of establishment figures in London who advocate embracing the ayatollahs, a view that is also being enthusiastically taken up by those in the business community who hope to benefit from the estimated £100 billion Iran will soon receive when its overseas assets are released.

But in this unseemly scramble, the Government now appears content to turn a blind eye to some of Iran’s more egregious activities. For example, after an Iranian mob stormed and then trashed the embassy compound in 2011, the Government insisted there would be no restoration of relations until the Iranians paid full compensation for the damage caused. But as this newspaper reports today, Britain has paid the full cost of the repairs.

Similarly, Whitehall would like to draw a discreet veil over similarly vexing issues, such as whether the Home Office will be able to act against Iranian nationals who overstay their welcome in the UK. Without the proper safeguards, we could end up with Hizbollah and Revolutionary Guard terrorists setting up operations in the UK, just like al-Qaeda and Isil have sought to do.

Who is This David Kendall, the Clinton’s Lawyer

If and it is a big IF, some of the Hillary emails in question were not marked with any classified designations, then one must take a hard look at all of Hillary’s inner circle with particular emphasis on Huma Abedin. Why? Huma sent emails to Hillary which was a collection of several classified electronic dispatches that were classified and summarized them into a regular and unprotected email. Confused? More here. Heh, there were passages about snipers, people movement and vehicles.

It seems the New York Times has an axe to grind with the Clintons, imagine that. But the NYT is the go to media outlet when it comes to the White House and it cannot be forgotten that it was in fact the New York Times that was first to draw blood with regard to the Clintons. This was likely due to, but not proven at the hands of Valerie Jarrett protecting the White House from any concocted Clinton scheme and scandal.

Do, who is David Kendall? There must be some praise to the New York Times as they did list some, albeit, some Clinton scandals but the list if far from complete.

As a side matter, it will also come down to who can out-lawyer who in Washington DC…will Kendall always win?

From Whitewater to Email: David Kendall, the Clintons’ Dogged Lawyer

WASHINGTON — At first, he had to worry about a remote piece of land in Arkansas that no one wanted. Then there were billing records that went missing before mysteriously reappearing in the White House. And of course there was the blue dress.

Today, the object of concern for David E. Kendall is a tiny thumb drive that sat in a safe at his law firm until a couple weeks ago before attracting the attention of Congress, the F.B.I. and the news media. Once again, the whirlpool of Washington politics has arrived at Mr. Kendall’s doorstep as he defends perhaps the world’s most famous client.

For more than 20 years, Mr. Kendall has been on the front lines for Bill and Hillary Rodham Clinton as their personal lawyer, battling investigators and litigants in the superheated environment where law and politics meet. From Whitewater to impeachment, he has waged legal warfare to keep the Clintons’ political careers on track. So as Mrs. Clinton faces questions about her use of a personal email server as secretary of state, no one is surprised she turned to Mr. Kendall.

The latest furor has put Mr. Kendall under a spotlight in a way that discomfits the tight-lipped and camera-shy lawyer. From Mrs. Clinton’s foes come public questions about why he had the thumb drive containing her email and whether he secured it properly. From Mrs. Clinton’s friends come private questions about whether he has managed the situation effectively and whether he should be more outspoken to protect a Democratic presidential candidate leading in the polls.

“They always say, ‘Is Kendall the lawyer to do this or that?’” said James Carville, the former political strategist for Mr. Clinton who expresses great admiration for Mr. Kendall. “I never saw that there was a huge conflict. But you know, sometimes lawyers are lawyers and spokespeople are spokespeople.”

Mr. Kendall, said Mr. Carville, is not a public pit bull. “He has no bluster about him,” Mr. Carville said. “He’s aggressive, but he doesn’t have an in-your-face kind of thing about him. I don’t think he views that as his role. The chances that he’s going to talk to the press are way beyond remote.”

Unsurprisingly, Mr. Kendall declined to comment last week. But he enjoys Mrs. Clinton’s deep confidence.

“He has their complete trust, and he’s earned their complete trust,” said Robert Barnett, another lawyer for the Clintons and a partner with Mr. Kendall at Williams & Connolly in Washington. “There’s nobody more dedicated to his clients than David Kendall. There’s nobody who spends more time thinking about how to help his clients than David Kendall.”

To critics, that is the problem. Mr. Kendall, who turned over the thumb drive to the Justice Department on Aug. 6, has become so integrated into the Clinton apparatus that he risks crossing the line from lawyer to participant, they said. Two Republican senators wrote him letters in recent weeks questioning his handling of the thumb drive.

“The problem with the Clintons is once you begin working with them or acting as their agent you often get caught up in their scandals,” said Tom Fitton, the president of Judicial Watch, a watchdog group suing over Mrs. Clinton’s email. “So now Mr. Kendall is stuck having to explain his handling of the classified information Mrs. Clinton gave him.” More from the NYT’s here.