In the five years since it was created, the Department of Homeland Security has overseen roughly $15 billion worth of failed contracts for projects ranging from airport baggage-screening to trailers for Hurricane Katrina evacuees, according to congressional data to be released today.
Congress Says DHS Oversaw $15 Billion in Failed Contracts
911 In Moscow And Elsewhere
Chiesa, one of Italy's most respected journalists and a La Stampa foreign correspondent for more than 20 years, told his Berlin audience an 9/11 international tribunal could serve a useful purpose. "If feelings were strong enough a positive result could be obtained, but it would not happen immediately. So far it's been the US administration that has won the information fight and obtained their result - unfortunately," Chiesa said. "Our task is to inform millions of people of the true situation. Everybody should be involved in this struggle with a tribunal or commission helping once we win approval for the idea," he said.
State senator causes ruckus on Alaska flight
The Anchorage Republican was not charged with a crime and the law enforcement investigation into the incident is over. McGuire, who chairs the State Affairs Committee, is part of the Senate's ruling coalition.
NYPD Sued Over Spycams; Video 911?
The New York Police Department is happy to talk about its plans to ring lower Manhattan with thousands of security cameras. But the Department won't say exactly where the cameras are, or what will be done with the data. So now the New York City Liberties Union is suing the NYPD, to force 'em to fess up on the spycams.
16 dead in car bomb, ambush at US Embassy in Yemen
The U.S. said no Americans were hurt.
Fed in AIG rescue - $85B loan
Government response reaches dramatic new level: U.S. will take 80% stake in nation's largest insurer to prevent global financial chaos.
In an unprecedented move, the Federal Reserve Board is lending as much as $85 billion to rescue crumbling insurer American International Group, officials announced Tuesday evening.
An eventual liquidation of the company is most likely, senior Fed officials said. But with the government loan, the company won't have to go through a tumultuous fire sale.
TVNL Comment: The takeover of assets continues. Bush's ownership society is taking shape. Who are the owners? That's the only question.
Former congressional aide ruled unfit for trial
A former aide in the U.S. Congress charged with giving secret information to Iraqi intelligence agents is mentally incompetent to stand trial, a federal judge has ruled.
Lindauer, a distant relative of former White House Chief of Staff Andrew Card, claimed she was targeted by the government for saying the Iraq war would be a disaster. She insisted on going to trial to defend herself against the charges.
Fed repaid JPMorgan $87 billion for Lehman financing
While the government had pledged not to fund a rescue of Lehman, the disclosure on Tuesday showed authorities that were taking other financial steps to prevent markets from descending into chaos.
JPMorgan Chase & Co advanced $87 billion to the units on Monday to help clear and facilitate securities transactions with customers and clients of Lehman "to avoid disruption of financial markets," according to documents filed in the U.S. Bankruptcy Court for the Southern District of New York.
Lehman and the New York Fed had requested the advance, known as a "commencement date advance" and the New York Fed repaid it, according to filings.
In effect, the New York Fed lent the funds to the units.
A representative for the New York Fed declined to comment.
TVNL Comment: Any questions about the central banking conspiracy?
Oil prices sink below $93 on falling demand
Oil prices extended their steep losses Tuesday, tumbling below $92 a barrel as a worsening economy suggested U.S. energy demand will keep falling despite crude's return to year-ago levels.
Gas prices edged higher at the pump, topping $3.85 a gallon amid the aftermath of Hurricane Ike. However, given crude's continuing slide, retail gas was expected to turn lower within a few weeks.
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