TV News LIES

Thursday, Oct 02nd

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As mortgages went bad, New Century executives cashed out

While the Irvine subprime lender was failing, key executives continually changed their stock trading plans and often sold within days of colleagues' trades, a Times investigation shows.

No charges have been filed, and attorneys for the company's former top executives say that none of the executives sold stock based on information that had not been disclosed to the public and that the executives retained most of their shares when the company went under.

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Prisoners have no right to hot meals, appeal court says

Observing that prisoners have no right to be served food at "the most aesthetically pleasing temperature," the First District Court of Appeal in San Francisco overturned a judge's ruling that would have required Pelican Bay State Prison in Del Norte County to turn up the heat on meals to inmates in the security housing unit.

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TVNL Reminder: 5 Electric Cars Already Making History, Not Hype

You hear about them every year: gee-whiz, plug-in, battery-powered vehicles poised to change the world. Granted, they’re tiny, or expensive, or both. And if they ever make it to the United States, they’ll be downgraded from electric vehicles (EVs) to neighborhood electric vehicles (NEVs)—glorified golf carts with a top speed of 25 mph. But overseas, where getting gouged at the pump is a fact of life, EVs are a growth market.

TVNL Comment: The reason the big 3 US automakers have not made thist type of vehicle available is bacuse they conspire with the oil companies to keep us dependent on oil.

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U.S. finds trace of melamine in baby formula

U.S. health officials have found trace amounts of the chemical melamine in one sample of infant formula sold in the United States, a Food and Drug Administration spokeswoman said on Tuesday.

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Afghanistan demands 'timeline' for end of military intervention

President Hamid Karzai demanded at a meeting with a UN Security Council team Tuesday that the international community set a "timeline" for ending military intervention in Afghanistan, his office said. Karzai told a delegation from the Council that his country needed to know how long the US-led "war on terror" was going to be fought in Afghanistan or it would have to seek a political solution to a Taliban-led insurgency.

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Iraq Ally Lists Were Altered, Study Shows

Before invading Iraq in 2003, the Bush administration mounted a significant diplomatic offensive to rally international support, and officials at the White House, Pentagon and State Department went to great lengths to trumpet those nations that joined what they termed “the coalition of the willing.”

But historians researching those early alliance-building efforts say they are troubled by what seem to be deletions of and alterations to the early official lists of nations that supported the war effort. The lists were posted on the White House Web site.

 

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Bush Labor Department misled Congress in effort to privatize jobs

President George W. Bush's Labor Department misled Congress in an effort to prove outsourcing jobs to private companies was more efficient than assigning the jobs to government employees, according to a Government Accountability Office report released Monday.

The report found that the Department used fictional projected numbers to improve "savings reports" -- even when real numbers were already available. And when the government did find private firms to take a government job, that employee generally was either reassigned to another task with the same title or promoted.

TVNL Comment: The words is not "misled", the word is "lied". Virtually everything you have heard from this administration has been lies.

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Wachovia execs may get $98.1 million severance

Wachovia Corp (NYSE:WB), which lost $33 billion in the last two quarters, said 10 top executives may be entitled to $98.1 million in severance pay after the bank is acquired by Wells Fargo & Co (NYSE:WFC).

Wachovia also said a closing would entitle its 11 executive officers, who include Steel, as well as Chairman Lanty Smith to $2.5 million in equity-based awards under existing stock incentive plans. But the executives' stock options are worthless, the bank said.

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Corporate Giants Force Obama to Drop Campaign Promises

During the 2008 presidential election cycle, President-elect Barack Obama made two key campaign promises which would have directed billions of dollars into the middle class economy. With the election behind him, it seems that President-elect Barack Obama has now broken his promise to enact a windfall profits tax on the oil and gas industry which would have provided a $1,000 emergency energy rebate to American families, as well as his promise to end the diversion of federal small business contracts to corporate giants.
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