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Posts Tagged ‘corruption’

Trump administration gave a $700M bailout to a $70M truck company after it allegedly defrauded the Pentagon

The Washington Post reports:

The Treasury Department announced Wednesday that it will loan $700 million to a trucking firm that ships military equipment, in exchange for having U.S. taxpayers acquire an almost 30 percent stake in the company.

Under the unusual arrangement, the Treasury Department will provide the emergency loan to YRC Worldwide, while taking a ...

‘Resign!’ 2 GOP senators should lose jobs for coronavirus stock jump, say critics

They told the public everything would be okay with the virus outbreak. Then they privately dumped stocks.

Over the past 24 hours, news has spread that various U.S. lawmakers received advance private briefings about the severity of an oncoming coronavirus/COVID-19 pandemic -- then, they sold stocks before the public knew how bad it would get, ...

Trump commutes sentence of corrupt governor Rod Blagojevich, pardons Giuliani crony Bernard Kerik

President Trump today announced that he is commuting the prison sentence of Rod Blagojevich, a former Illinois governer jailed for corruption, and pardoning Bernard Kerik, the former New York Police Commissioner jailed for tax fraud.

Balgojevich attempted to sell Barack Obama's senate seat; Kerik was found to have concealed a $250,000 payment from a ...

Billionaire Bloomberg won’t have to disclose finances until late March

“What does this guy worth $60 billion own, who wants to be president?”

Memelord and presidential hopeful Michael “throw them up against the wall” Bloomberg will not be required to publicly disclose his finances until late March, “well after voters in more than a dozen states take to the polls on Super Tuesday,” reports ...

Trump to divert $3.8B from Defense to build ****** Mexico wall

White House plans to divert $3.8 billion from DoD to build Trump's long-promised wall along the U.S.-Mexico border, for which he lied that Mexico would pay

“Trump is preparing to divert $3.8 Billion in total from programs across the Department of Defense,” tweeted Foreign Policy reporter Lara Seligman today, “including a controversial war ...

Jamie Dimon is a (highly selective) socialist

Jamie Dimon (previously) is the Jpmorganchase CEO who committed a $13b mortgage fraud and whose company received $25B in TARP bailout money, $500B in low-cost federal loans, and billions more through the bailout of their insurer, AIG.

He's been talking a lot of **** about how bad socialism is for the world, but as ...

Olympics warns athletes that kneeling, fist-raising and other political actions will be banned at the Tokyo 2020 games

The International Olympic Committee -- long a swirling cesspool of corruption, censorship, and reputation-laundering for repressive regimes -- has attained a new low, issuing guidance to athletes competing at the 2020 Tokyo Olympics that no political protests will be tolerated, specifically banning kneeling or raising fists.

Protests by Olympians -- particularly Black Americans -- ...

More than 800 Russian academic articles retracted after “bombshell” report reveals plagiarism and other misconduct

After Antiplagiat, a private plagiarism detection company, accused Russia's scientific and scholarly journals of being rife with plagiarism, self-plagiarism, duplication and other misconduct, the Russian Academy of Sciences chartered a committee to investigate the problem: their report confirmed the accusations, finding more instances of plagiarism/self-plagiarism, as well as instances in which the same paper ...

Explaining the con that is private equity

Emily Stewart's private equity explainer for Vox is a great explainer on how the PE con works: buy up businesses, load them with debt, sell off their assets, slash their costs, then walk away as the house burns, leaving society to put out the fire -- all while enjoying special tax status on your gains.

It's ...