The Chinese subsidiaries of Deloitte, Ernst & Young, KPMG, PricewaterhouseCoopers and smaller player BDO are facing “administrative proceedings” by the Securities and Exchange Commission after allegedly refusing to produce audit information requested by investigators. The audit papers had been demanded by the SEC as part of an investigation into “potential wrongdoing” by nine Chinese companies that have shares listed in the US, according to the regulator. (Snip) The US authorities are particularly concerned at reverse mergers – whereby a company takes over the listing of an already
Comments: It´s just "paper." Why should it matter? This is way over my pay grade to grasp.
For an accurate protrayal of the timeline and complicit behavior of the SEC in outright fraud, go to ZeroHedge.com.
They pointeed out that most the deals were obvious frauds and blew the whistle beginning in 2010. NYSE likes it listing fees so investors can just deal with another crony partnership of business and government. Call in Jon Corzine to investigate, Name Bernie Maddow to the task farce.
An emerging theme from Democrats struggling to explain the Obamacare fiasco is that stubborn Republican opposition has hobbled the administration´s efforts to implement President Obama´s complex national health care scheme. If you want the particulars, just glance at "The Obamacare sabotage campaign" by Politico´s Todd Purdum. But a memo revealed in a new Washington Post examination of the rollout shows the administration was already on a disastrous path in May 2010, just two months after Obamacare was signed into law -- and six months before Republicans won control of the House
Some inventions address needs that everyone has and go on to change the world. The Internet serves our constant craving for information; the internal combustion engine let anyone efficiently do mechanical work with little physical effort; antibiotics significantly reduced mortality rates around the world. Then there are the inventions that are the result of someone asking, "Hmm, I wonder if that would be a good idea?" From a "onesie" that lets your baby mop your floors to a mic-shaped sponge for rocking out in the shower, these are the inventions that are more noteworthy
"All we´ve been hearing the last three years is if you like your policy you can keep it.... I´m infuriated because I was lied to," one woman told this newspaper, as part of a story on how some middle-class Californians have been stunned to learn the real costs of Obamacare. And that lie looks like the biggest lie about domestic policy ever uttered by a U.S. president. The most famous presidential lies have to do with misconduct (Richard Nixon´s "I am not a crook" or Bill Clinton´s "I did not have sexual relations") or war. Woodrow Wilson campaigned on the slogan "He kept us out of war" and then plunged
The usual scenario involves suspicious glances, inattentive clerks or rude service — not handcuffs. Yet when a black teen said he was wrongly jailed after buying a $350 belt at a Manhattan luxury store, it struck a nerve in African-Americans accustomed to finding that their money is not necessarily as good as everyone else´s. Shopping while black, they say, can be a humiliating experience. Much attention has been paid to the issue over the years — Oprah Winfrey complained that a Swiss clerk did not think she could afford a $38,000 handbag, and even President Barack Obama has said he was once followed in
’m going to ruin sea otters for you. Or at least I’m going to tarnish their reputation as some of the most charming little beasties in the seas. For as cute as they are while intertwining paws at an aquarium, frolicking among the wafting fronds of California kelp forests, or smashing sea urchins open with stones, some sea otters have developed the disturbing habit of humping and drowning baby seals. When I first heard about the behavior from a marine biologist friend of mine, I didn’t quite believe sea otters could be so diabolical. Maybe the bad behavior was just a rumor. But no, the strange sea otter
President Obama repeatedly assured Americans that after the Affordable Care Act became law, people who liked their health insurance would be able to keep it. But millions of Americans are getting or are about to get cancellation letters for their health insurance under Obamacare, say experts, and the Obama administration has known that for at least three years. Four sources deeply involved in the Affordable Care Act tell NBC News that 50 to 75 percent of the 14 million consumers who buy their insurance individually can expect to receive a “cancellation” letter or the equivalent over the next
The White House response on Monday to the expanding disclosures of American spying on foreign leaders, their governments and millions of their citizens was a pathetic mix of unsatisfying assurances about reviews under way, platitudes about the need for security in an insecure age, and the odd defense that the president didn’t know that American spies had tapped the German chancellor’s cellphone for 10 years. Is it really better for us to think that things have gone so far with the post-9/11 idea that any spying that can be done should be done and that nobody thought to inform President Obama about tapping
Syrian state TV says the head of the al-Qaeda linked al-Nusra Front, Abu Mohammed al-Jolani, has been killed in western Syria. Details are unclear but the report said he had been killed in the coastal province of Latakia. There has been no independent verification of the claim. The group has emerged as one of the most powerful rebel groups since the uprising against President Bashar al-Assad began in March 2011. It first announced its existence in a video in January 2012 and has said it was behind many of the suicide bombings that have rocked the country. The group is believed to have led
Sen. Ted Cruz’s sense of humor is earning him some ill will from near and far. A Nigerian-American organization wants the Texas Republican to apologize for comments he made Monday about the problems with the Affordable Care Act website. “You may have noticed that all the Nigerian email scammers have become a lot less active lately,” Cruz said at a gathering with supporters in Houston, according to the Houston Chronicle. “They all have been hired to run the Obamacare website,” he joked. But the Christian Association of Nigerian-Americans, also known as CANAN,
Beijing - A court in eastern China has rejected an appeal by the ousted Chinese leader Bo Xilai and upheld his life sentence for bribery, embezzlement and abuse of power. Bo, the 64-year-old former Communist party head of the south-western metropolis of Chongqing, was once known for his charisma, elaborate anti-crime campaigns, and neo-Maoist politics. (Snip) Last month, the Jinan intermediate people´s court in thecoastal Shandong province sentenced Bo to life in prison for accepting £2.1m in bribes, embezzling more than £500,000, and abusing his position by blocking an investigation
The National Security Agency monitored the phone conversations of 35 world leaders after being given the numbers by an official in another US government department, according to a classified document provided by whistleblower Edward Snowden. The confidential memo reveals that the NSA encourages senior officials in its "customer" departments, such the White House, State and the Pentagon, to share their "Rolodexes" so the agency can add the phone numbers of leading foreign politicians to their surveillance systems. The document notes that one unnamed US official handed over
For all his musical genius, Jay Z is tone deaf on his big-bucks deal with Barneys. The “99 Problems” rapper, who stands to make millions in a deal selling exclusive wares at the upscale store over the holidays, has been silent about allegations revealed by the Daily News that two black shoppers were racially profiled after legally purchasing items at Barneys. He’s failed to respond to numerous requests for comment and ignored a hornet’s nest of controversy on social media. More than 1,300 people have signed a petition calling for him to dissolve his deal with Barneys. Even residents of the
I´m reading a terribly sad book these days. It´s a book that I thought would uplift me during the doldrums of second-year medical school, and renew in me a sense of hope. It´s called "The Audacity to Win," and it´s a memoir of Barack Obama´s 2008 presidential campaign. When I´m finished with my patient write-ups at night and get into bed, the book returns me to a time when politics inspired millions and speeches could take your breath away. The election turned out to be a landslide, and news anchors paused to reflect on the historic nature of the hour. My classmates
President Obama used his executive powers on Friday to create a ´Task Force on Climate Preparedness and Resilience.´ Obama´s plan would be put in place through executive order, bypassing Congress, which has stalemated over climate legislation in recent years. A year after Superstorm Sandy devastated the East Coast, the President signed the order which is designed to make it easier for states and local governments to respond to weather disasters. The executive order establishes a task force of state and local officials to advise the administration on how to respond to severe storms, wildfires, droughts and other potential impacts of
How Americans see President Obama changed in an important way this week. It’s because there is a huge difference between lies and bulls – - t. Obama says a lot of things that are not true, even nonsensical. But it’s easy to shrug off most of these, because they aren’t really lies. They’re just bulls – - t. Bulls – - t is airy, meaningless drivel, the stuff that campaigns are made of. Or it’s a misleading oversimplification with hidden qualifiers. Not only do we forgive bulls – - t, we like it. Especially suckers who have far too high an opinion
As one of the surviving members of the staff of the Warren Commission, which investigated and issued a report on the assassination of President John F. Kennedy, I am not looking forward to the coming weeks: Nov. 22 will mark the 50th anniversary of Kennedy’s death, and that means a new round of demonizing the Warren Commission and celebrating fallacious conspiracy theories. After Chief Justice Earl Warren hired me to work for the commission, he told me that “truth was our only client.” Throughout the inquiry, that phrase remained our guiding principle. The evidence that Lee Harvey Oswald killed the
In May 2010, two months after the Affordable Care Act squeaked through Congress, President Obama’s top economic aides were getting worried. Larry Summers, director of the White House’s National Economic Council, and Peter Orzag, head of the Office of Management and Budget, had just received a pointed four-page memo from a trusted outside health adviser. It warned that no one in the administration was “up to the task” of overseeing the construction of an insurance exchange and other intricacies of translating the 2,000-page statute into reality. Summers, Orzag and their staffs agreed. For weeks that spring, a tug of war
Why does the Tea Party love Ted Cruz despite his decisive role in the recent partial government shutdown, which many consider a debacle for the GOP? Why aren’t Tea Partiers blaming Cruz for their drop in the polls, as mainstream Republicans are busily doing for their own decline in popularity? A CNN-ORC International survey from shortly after the shutdown ended shows that 56 percent of Americans have an unfavorable view of the Tea Party, while “only 28 percent” see it in a favorable light — the Tea Party’s lowest favorability rating since its emergence in the wake of the 2008
CNN has been pondering what they call “a particularly tough few days at the White House.” “Four out of five Americans have little or no trust in their government to do anything right,” says chief political analyst Gloria Borger. “And now Obama probably feels the same way.” Our hearts go out to him, poor wee disillusioned thing. We are assured by the headline writers that the president was “unaware” of Obamacare´s website defects, and the National Security Agency spying, and the IRS targeting of his political enemies, and the Justice Department bugging the Associated Press, and pretty
A former top general and current executive at the Family Research Council says members of the military have considered staging a coup d´état against President, but will not because of civilian control of the military. "People I´ve spoken to would like to see the military ´fulfill their constitutional duty and take out the president,´ " retired Army Lt. Gen. William Boykin told World Net Daily, a website best known for pushing Obama "birther" conspiracy theories. "Our Constitution puts a civilian in charge of the military and as a result a coup would not be constitutional. You´re not going to see a
Richmond, Va. - Women may hold the key in Virginia´s slash-and-burn race for governor, rendering a final judgment on a campaign marked by fights over social issues. Democrats have not relented in their criticism of Republican Ken Cuccinelli´s positions on abortion, women´s reproductive health and even divorce, and it´s taken a toll, especially among female voters. Polls show Cuccinelli consistently struggling to connect with women in his race against Democratic Terry McAuliffe. Heading into Tuesday´s election, the cash-poor Cuccinelli campaign is trying to set the record straight at every stop, with the state attorney general telling allies, "The truth is
Wendy Davis should send Rick Perry a muffin basket, because he may have handed her a winning issue in her longshot bid to succeed Perry as governor of Texas. It may be counter-intuitive that Davis, a Democratic state senator running for governor in a red state, would bring up the controversial health care reform law, but it might be a risk she needs to take. In order for Davis to defeat Attorney General Greg Abbott, her likely Republican opponent next November, political strategists say she needs to win big among two key demographics: Hispanics and white women. Among Hispanics in
President Obama just issued an executive order “to prepare the Nation for the impacts of climate change by undertaking actions to enhance climate preparedness and resilience.” “The impacts of climate change — including an increase in prolonged periods of excessively high temperatures, more heavy downpours, an increase in wildfires, more severe droughts, permafrost thawing, ocean acidification, and sea-level rise — are already affecting communities, natural resources, ecosystems, economies, and public health across the Nation. These impacts are often most significant for communities that already face economic or health-related challenges, and for species and habitats that are already facing other pressures.
Dylan Byers at Politico describes the spell that President Obama weaves over favored journalists when privately speaking with them off the record. Famously reticient on the record, Byers says Obama is nothing if not voluble off it, willing to shoot the breeze with any journalist he considers to be ‘smart’.(Snip)You have to be special to join the circle, one so high above the madding crowd that you are like the president, who as Valerie Jarrett puts it, was “bored to death his whole life … just too talented to do what ordinary people do.” The question that almost asks itself