Home » Posts tagged 'Obama Administration'
Tag Archives: Obama Administration
RIGZONE – Report: US Energy Secretary Favors Reducing Oil Shipped By Rail
RIGZONE – Report: US Energy Secretary Favors Reducing Oil Shipped By Rail.
Wednesday, February 19, 2014
NEW YORK, Feb 19 (Reuters) – U.S. Energy Secretary Ernest Moniz supports reducing the amount of crude oil shipped by rail in favor of pipelines that are safer, cheaper and cleaner, Capital New York reported on Wednesday. “What we probably need is more of a pipeline infrastructure and to diminish the need for rail transport over time,” he said in an interview published on the Capital New York website. He said the infrastructure is “not there” to handle the surge in North Dakota Bakken oil production from near zero to 1 million barrels per day (bpd). “Frankly, I think pipeline transport overall probably has overall a better record in terms of cost, in terms of emissions and in terms of safety.” A Department of Energy spokesman was not immediately available to provide more detail on Moniz’s comments. His comments are among the first by a senior Obama Administration official to signal an apparent preference for shipping oil from places like the Bakken shale by means other than rail lines, in the wake of a series of explosive derailments that have alarmed the public. While pipelines are generally a much cheaper form of transport, shipping crude in mile-long trains has become a popular alternative since new terminals can be built more quickly than pipelines to serve booming remote shale patches, and offer greater flexibility for refiners. Moniz has bemoaned the lagging pace of infrastructure development before, but has not been so blunt in backing pipelines over rail shipments. President Barack Obama has been considering whether to greenlight construction of the Keystone XL pipeline from Canada, without which there could be a significant increase in crude moved by rail, according to a State Department report. U.S. regulators are considering imposing tougher standards on older models of oil tank cars. Moniz said the U.S. Department of Transportation could issue new regulations this year. “There’s been a handful of train accidents and that’s been quite troubling,” he said. “We have been transporting oil products by train with a decent safety record over time and there’s a lot of it.” (Reporting by Jonathan Leff; Editing by David Gregorio) |
Guest Post: Underneath Their Autocratic Rulers, Russia And U.S. On Diverging Societal Paths | Zero Hedge
Submitted by L. Todd Wood, a former special operations helicopter pilot and bond trader.
Underneath Their Autocratic Rulers, Russia and U.S. on Diverging Societal Paths
As the State of the Union address highlighted, both the Russia Federation and the United States have leaders that lean toward various degrees of autocratic government to achieve their agendas. President Putin rules with an iron fist and treats the legislative branch as an afterthought to use as needed but otherwise ignores. President Obama declares he will use executive action to get what he wants and quietly uses government agencies to intimidate and stifle his opposition in flagrant abuses of power. Putin has dismantled the Russian free press and imprisoned vocal opponents. The majority of the American press does Obama’s bidding for him while the administration puts movie makers in jail.
Underneath the tyrannical policies of the two Presidents, American and Russian society are diverging. First let’s look at welfare – it really doesn’t exist in Russia. If you’re a single mother raising your child alone, the state will pay you less than $50 a month. Unemployment insurance is also miniscule. The minimum wage is around $200 a month. I recently asked a Russian friend what they would receive if they lost their job. Her answer was, “It’s my problem, why should the government pay?” Health care is free but of very low quality. Russians with money typically choose private care and buy their own private health insurance.
In the United States, we are seeing an obscene explosion of the nanny-state. Obamacare has been exposed as a huge wealth redistribution scheme. The CBO states that the ACA is a disincentive to work. Disability payments are skyrocketing. The number of Americans receiving food stamps has doubled and is spiraling out of control. Welfare work requirements have been weakened. The left continuously pushes to add more immigrants to the government dole and refuses to enforce current immigration law.
The difference in the tax code between the two countries is also striking. If you live in New York, the combined government tax bite is above sixty percent. It is a safe bet that any Democratic state government will continue to try and raise taxes. Obama raised rates on the top earners in America and would boost them across the board if he could. In Russia, the individual tax rate is a flat thirteen percent. There is an eighteen percent VAT and the corporate rate is twenty-four percent. If Russia could remove her corrupt barriers to entry, her economy would explode higher.
The difference between the two nations when approaching geopolitical challenges cannot be more extreme. The United States has shown a willingness to abandon long standing allies time and time again on the global chessboard. Whether it be Israel, Poland, or Saudi Arabia, the Obama administration has shrank from global leadership and left a gigantic vacuum for President Putin to happily fill. Russia has shown a willingness to ignore Western political correctness and stand up for Russian long-term interests. One only has to look to the Iranian nuclear issue, the Syrian situation, or the Snowden embarrassment to see evidence of Putin schooling the American government. The American position seems to consist of avoiding conflict and appeasing adversaries rather than standing up for historical American values, our allies, and our way of life.
One of the most interesting differences that has been inconveniently obvious in the international press is the Russian refusal to embrace the religion of global warming. While the American government strives to shut down energy economic engines of power, Russia uses energy to achieve its national goals. Putin has been quoted as describing the climate change alarmist agenda as a marketing scheme. Putin has not bought into the madness of crowds to the benefit of Russia.
Perhaps the most curious cavern between the United States and Russia is their approach to religion. The church was effectively shut down during the Soviet experiment. However, in the last few decades, the Russian Orthodox Church has roared back to favor in Russian government opinion. President Putin has even felt emboldened enough to accuse the West of being morally decadent. The Democratic Party in the United States has largely morphed into an atheistic, anything goes, hedonist entity. One only has to look at the refusal of the Obama administration to enforce marijuana laws in America to find evidence of this fact.
I recently had a conversation with a young urban professional in Moscow. Their comment to me was that most young Russians were embarrassed of the communist revolution in Russia. “They killed our best people,” this person commented. I find it curious that the Rolling Stone recently published an article extolling the benefits of the teachings of Karl Marx and echoing the mindset of many of the current millennial generation in America. When the youth of American are yearning for communism, I fear America must relearn the very harsh lessons of the past. If Russia can ever deal with the specter of corruption, her society may leap to the future.
Bankruptcy In The USSA: Detroit Bondholders About To Be GM’ed In Favor Of Pensioners | Zero Hedge
Bankruptcy In The USSA: Detroit Bondholders About To Be GM’ed In Favor Of Pensioners | Zero Hedge.
First, the Obama administration showed during the course of the GM and Chrysler bankruptcy proceedings, that when it comes to Most Preferred Voter classes, some unsecured creditors – namely labor unions, and the millions of votes they bring – are more equal than other unsecured creditors – namely bondholders, and the zero votes they bring. Five years later we are about to get a stark reminder that under the superpriority rule of a community organizer for whom “fairness” trumps contract law any day, it is now Detroit’s turn to make a mockery of the recovery waterfall. As it turns out, bankrupt Detroit is proposing to favor pension funds at roughly double the rate of bondholders to resolve an estimated $18 billion in long-term obligations, according to a draft of a debt-cutting plan reviewed by The Wall Street Journal.
The breakdown to unsecured stakeholders would be as follows: 40% recovery for pension funds, 20% for unsecured bondholders – all this to the same pari class of unsecured creditors. Because just like in Europe when cashing out on CDS in insolvent nations is prohibited as it would suggest that the entire Eurozone experiment is one epic farce, regardless of how much “political capital” Goldman Sachs has invested in it, so in the US municipal creditors are realizing that in the worst case scenario, they will be layered first and foremost by all those whose votes are critical in keeping this crony administration in power.
According to the WSJ the plan calls for recovery to be divided among the unsecureds amounting to $4.2 billion, more than the originally planned $2 billion to settle claims which included about $11 billion in unsecured debt, including $6 billion in health and other benefits for retirees; $3.5 billion for retiree pensions; and about $530 million in general-obligation bonds.
There is a possibility that final “math” in the Plan of Reorg is changed before the final draft.
It was unclear from the plan reviewed by the Journal whether the city is using all of the same estimates for the money owed to unsecured creditors in its draft plan. A person familiar with the draft plan said the recovery rate for the pension funds could end lower than the balance sheet shows.
Details of the plan sent to creditors on Wednesday have been kept under wraps as the city and its debtholders continue to talk in closed-door mediation. The city sent its working draft to creditors in the hopes that the plan with a richer payout might spur some of them to settle with the city individually or, in the least, offer their own suggestions toward modifying the overall proposal, according to another person familiar with the matter.
The formal plan is expected to be filed in federal court in Detroit within two weeks, officials said. Creditors will vote on the plan, but the final decision rests with the court.
Still, the probability is that Kevyn Orr has finally gotten cold feet on playing hard ball with the unions. “The proposed plan provides the road map for all parties to resolve all outstanding issues and facilitate the city’s efforts to achieve long-term financial health,” Detroit Emergency Manager Kevyn Orr said in a statement Wednesday. Mr. Orr’s spokesman declined Thursday to comment on the plan’s details. Several creditors, who were opposed to the city’s early plans to offer creditors, including bondholders and pension funds, less than 20 cents on the dollars owed to them, also declined to comment.”
One can only imagine the amount of “Steve Rattnering” that must have gone on behind the scenes, and how much more is still set to happen, for such a skewed plan to pass the bankruptcy judge over creditor objections. Which it will once the president makes a phone call.
Then again, with contract law abrogated as was made very clear with this administration’s first steps into the “Fairness Doctrine” back in 2009 and the bankruptcy of GM and Chrysler, nothing can, or should, surprise one any more.
NSA Official: “I Have Some ‘Reforms’ For The First Amendment” | Zero Hedge
NSA Official: “I Have Some ‘Reforms’ For The First Amendment” | Zero Hedge.
Here’s an article by Daniel Drezner, a professor of international politics at Tufts University and a contributing editor to Foreign Policy. He recently spent a day at the NSA’s headquarters in Fort Meade, Maryland. As you might expect, some interesting tidbits came from the mouths of some of these control-freak statists. One truly unenlightened official seemed to hold the press in particular disregard and stated: “I have some reforms for the First Amendment.” I’m quite certain he has some reforms in mind for the 4th Amendment as well…
Once again I ask, if they hold the U.S. Constitution and civil rights in such disdain; what exactly are they protecting us from?
From Foreign Policy:
For an organization that is so efficient at amassing data intended to be kept secret, the National Security Agency seemed surprisingly clumsy in accepting data that was volunteered to them. I’d emailed the bits and pieces of my personal data necessary to be cleared for access to the agency’s headquarters in Fort Meade a week before the scheduled visit, with zero response. As it turns out, an NSA server has crashed, they told me, creating havoc with some email accounts. This sort of hiccup humanizes the agency, though it also raises questions about their vulnerability.
The NSA’s biggest strategic communications problem, however, is that they’ve been so walled off from the American body politic that they have no idea when they’re saying things that sound tone-deaf. Like expats returning from a long overseas tour, NSA staffers don’t quite comprehend how much perceptions of the agency have changed. The NSA stresses in its mission statement and corporate culture that it “protects privacy rights.” Indeed, there were faded banners proclaiming that goal in our briefing room. Of course, NSAers see this as protecting Americans from foreign cyber-intrusions. In a post-Snowden era, however, it’s impossible to read that statement without suppressing a laugh.
The NSA’s attitude toward the press is, well, disturbing. There were repeated complaints about the ways in which recent reportage of the NSA was warped or lacking context. To be fair, this kind of griping is a staple of officials across the entire federal government. Some of the NSA folks went further, however. One official accused some media outlets of “intentionally misleading the American people,” which is a pretty serious accusation. This official also hoped that the Obama administration would crack down on these reporters, saying, “I have some reforms for the First Amendment.” I honestly do not know whether that last statement was a joke or not. Either way, it’s not funny.
If that’s what they are willing to say when a professor is around, just imagine what they say behind closed doors…
Full article here.
JW Gets Docs: State Dept. Ordered Benghazi Security Co. to Dodge Media | Judicial Watch
JW Gets Docs: State Dept. Ordered Benghazi Security Co. to Dodge Media | Judicial Watch.
Days after terrorists attacked the U.S. mission in Benghazi, a State Department official ordered an executive at the security company charged with protecting the special compound not to respond to media inquiries, according to documents obtained by Judicial Watch.
The order was delivered via electronic mail and it’s part of a new batch of State Department documents obtained by JW in an ongoing investigation of the September 11, 2012 Benghazi attack and subsequent cover-up by the Obama administration. Islamic jihadists raided the U.S. Special Mission Compound in Benghazi, Libya and murdered Ambassador Christopher Stevens—the first diplomat to be killed overseas in decades—and three other Americans.
The Obama administration has worked hard to keep details of the attack—and the negligence that led to it—from the American public, but JW has gone to court and filed a number of public records requests to expose the truth. JW has also published two in-depth special reports on Benghazi, the last one on the first anniversary of the terrorist attack. Read the special reports here and here.
The latest batch of documents obtained by JW include a scandalous email from a State Department contracting officer named Jan Visintainer to an unidentified executive at Blue Mountain Group (BMG), the inexperienced foreign company hired to protect the U.S. mission in Benghazi. In the email, dated September 26, 2012, Visintainer writes: “Thank you so much for informing us about the media inquiries. We notified our public affairs personnel that they too may receive some questions. We concur with you that at the moment the best way to deal with the inquiries is to either be silent or provide no comments.”
Some of the records were redacted or simply not included. For instance Visintainer received a cryptic email from a redacted source with an attachment that was not provided to JW by the State Department. The exchange, just two days before the attack, received a lot of attention from both the State Department and BMG, which could indicate that perhaps it contained a more specific concern or warning about the U.S. mission’s vulnerability.
Last month JW released the Benghazi security contract that paid BMG, a virtually unknown and untested British company, $794,264 for nearly 50,000 guard hours. The Benghazi security deal had not been available to the public because it was not listed as part of the large master State Department contract that covers protection for overseas embassies. JW had to take legal action to get it.
The deal is for one year and includes very specific requirements for things like foot patrols, package inspection, contingency and mobilization planning. The total guard force was 45,880 with an additional 1,376 guards for “emergency services,” the contract shows. It also includes one vehicle and 12 radio networks. The guards were responsible for protecting the U.S. government personnel, facilities and equipment from damage or loss, the contract states. “The local guard force shall prevent unauthorized access; protect life; maintain order; deter criminal attacks against employees; dependents and property terrorist acts against all U.S. assets and prevent damage to government property.” Clearly the firm failed miserably to fulfill its contractual obligation.
US Government Busted For Using Pirated Software To Manage Army Troop Movements | Zero Hedge
US Government Busted For Using Pirated Software To Manage Army Troop Movements | Zero Hedge.
When the US government said the sequester would cripple its ability to single-handedly rule over the world, it wasn’t kidding. Either that, or Joe Biden’s Joint Strategic Plan to “curb” copyright infringement was just a case of very confused humor by the vice president gone badly wrong, and he meant to “encourage.” Whatever the reason, the fact that the Obama administration was just busted with a $50 million case of software piracy involving none other than the US Army, is indicative that while the Bureau of Labor Statistics was adopting all the best features of the Chinese Department of Truth, the US government was busy copycatting China’s respectful approach toward intellectual property. Yet what is even worse, is that the software that was pirated managed the US army’s troop and supply movements: in other words, the US government relied on pirated software to prepare for and engage in eventual war.
Specifically, the army “used Apptricity’s integrated transportation logistics and asset management software across the Middle East and other theaters of operation. The Army has also used the software to coordinate emergency management initiatives, including efforts following the January 2010 earthquake in Haiti.”
Here’s what happened, as reported by RT: in 2004, Apptricity agreed with the US Army to license the troop-movement software, allowing the government to use it on five servers and 150 standalone devices. What happened instead is that the Army proceeded to use the softward around the world. “The improper installation of thousands of unlicensed copies of software was discovered incidentally, when the US Army Program Director said during Strategic Capabilities Planning 2009 that thousands of devices had Apptricity software.”
Ultimately, 93 servers and over 9,000 standalone devices of the Army had the unlicensed software. Apptricity figured it was owed US$224 million based on usual fees of US$1.35 million per server and US$5,000 per device.
Upon discovering just how vast the US government piracy stretched Apptricity sued the government, accusing the US military of willful copyright infringement. It won, and the government went on to admit the illegal use and entered into lengthy negotiations with Apptricity to settle. The cost to the Obama administration from being caught in the act: $50 million in damages.
RT does a great summary of yet another instance of remarkable hypocrisy by the “most transparent administration ever.”
While the Obama administration’s has launched efforts against intellectual property theft – including the Joint Strategic Plan run by Vice President Joe Biden that aims to curb copyright infringement – the US Army was concurrently using pirated Apptricity enterprise software that manages troop and supply movements.
The Administration has yet to comment on the settlement. But Biden’s words upon announcing the federal anti-copyright-infringement plan ring clear.
“Piracy is theft, clean and simple.”
Even when it was your subordinates that engaged in theft? Surely someone’s hand will be slapped, right? But one can be absolutely certain: neither Biden nor Obama “had any idea”…
What was not mentioned anywhere, however, is just how the US government spent the hundreds of millions in appropriated funds, because it is guaranteed that the Army was allotted the full mandated amount by Congress to purchase every single piece of Apptricity software it would ever need. And still somehow $200 million disappeared. Of course in any non-banana republic, a legal system might inquire in whose pockets this excess cash ended up. Which of course means that in the US nobody will even consider this eventuality, especially since Ben Bernanke prints that amount in roughly 5 minutes every day.
Finally, one wonders: what would happen if in the middle of a Syrian (or any other) war suddenly the US army was halted dead in its tracks when HQ got a flashing red “Your 30 Day trial period has expired. Please insert activation code now” notification. We can only hope US drone command didn’t get its copy of “Blow Up Innocent Women And Children From 10,000 Miles Away Ver 1.0” on the Moscow black market.