Chinese shares plunge again
30/05 19:07 CET
There has been another plunge in Chinese stocks after the Beijing government moved to cool the red hot market. It did that by raising taxes charged on trading shares. The tax was tripled and equity prices suffered their heaviest fall in three months. More than half of the top shares on the Shanghai market fell by their daily limit of 10%. Shanghai's Composite Index finished the day down six and half per cent.
It had hit a new record on Tuesday, having risen 62% this year and it has quadrupled in value since the start of 2006. Investment advisor Major Teng said he thinks the government wants to put policies in place to control the short term acceleration of the market, which is a good thing in terms of a correction of some overheated stocks, but he doesn't think that that will stop the upward momentum.
The last time the Shanghai index fell dramatically - by almost nine per cent in February - it led to a five-day world-wide sell-off of shares. This time the reaction was much more muted. In February Chinese shares quickly bounced back and resumed their meteoric rise. Analysts said this time the recovery is likely to be slower and some think the market could slip further in coming weeks.
Chinese stocks have been boosted by strong demand from millions of domestic investors, many trading shares for the first time. Some have even mortgaged their homes or used their retirement savings in the hope of getting rich quick.
http://tinyurl.com/2q6d5ebin66 - 1. Jun, 01:07
AWD löscht heimlich kritische E-Mails aus Postfächern seiner Mitarbeiter
Pressemitteilung von: 'markt intern'-Verlag
Veröffentlicht auf openPR am 23.05.2007 um 09:48
Düsseldorf, 23.05.2007 - Die AWD Holding AG/Hannover hat im September 2004 aus den E-Mail-Postfächern von 1500 Mitarbeitern ohne deren Wissen und Einverständnis Nachrichten mit kritischen Informationen über den Finanzvertrieb gelöscht. Das geht zweifelsfrei aus internen Unterlagen des AWD hervor, die dem Düsseldorfer Branchendienst 'kapital-markt intern' ('k-mi') vorliegen.
Ausweislich der internen Papiere erhielten die AWD-Mitarbeiter am 04.09.2004 eine E-Mail mit dem Hinweis auf eine Website mit AWD kritischen Texten. Noch am gleichen Tag gab Götz Wenker, Vorsitzender der Geschäftsführung der AWD Deutschland GmbH, die Anweisung diese E-Mails aus sämtlichen noch nicht abgerufenen Postfächern zu entfernen und künftige E-Mails vergleichbaren Inhalts anhand von Schlüsselwörtern zu sperren. Am nächsten Morgen folgt die Bestätigung, daß die bezeichnete E-Mail aus 1500 Postfächern gelöscht wurde. Aufgrund der nun implementierten Sicherheitsfilter erreichten auch im Dezember 2004 unter AWD-Mitarbeitern versandte E-Mails mit den Betreffzeilen "Betriebsrat bei AWD" und "Betriebsrat in Gründung" niemals den vorgesehenen Adressatenkreis. Nach Ansicht von 'k-mi' dürften Versuche, auf diese Art und Weise die Gründung eines Betriebsrats zu verhindern, kaum rechtens sein.
http://tinyurl.com/2t9h8ybin66 - 1. Jun, 01:07
A FEW GOOD REASONS TO DUMP HILLARY CLINTON
29 May 2007
In the 1980s, Hillary Clinton made a $44,000 profit on a $2,000 investment in a cellular phone franchise deal that involved taking advantage of the FCC's preference for locals, minorities and women. The franchise was almost immediately flipped to the cellular giant, McCaw.
She and her husband set up a resort land scam known as Whitewater in which the unwitting bought third rate property 50 miles from the nearest grocery store and, thanks to the sleazy financing, about half the purchasers, many of them seniors, lost their property.
The Clintons' partners in Whitewater were each convicted of multiple felonies: 18 counts of fraud and conspiracy in the case of Jim McDougal and four counts of fraud and conspiracy in the case of Susan McDougal.
Hillary Clinton's partner and mentor at the Rose law firm, Webster Hubbell, pleaded guilty to federal mail fraud and tax evasion charges. Hubbell admitted he had defrauded former clients and former partners out of more than $480,000. According to Susan Schmidt of the Washington Post, part of this fraud was to conceal work that he and Hillary Clinton had done for the firm: "The 15-count indictment alleges that Hubbell covered up the Rose Law Firm's involvement in a phony multimillion-dollar land deal that caused losses big enough to bankrupt Madison Guaranty S&L, the thrift owned by the late James B. McDougal, the Clintons' Whitewater business partner. Hillary Clinton's legal work for Madison in the mid-1980s is referred to throughout the indictment but she is accused of no wrongdoing. . . She is mentioned some 35 times throughout the indictment, but only as Rose's '1985-86 billing partner' for the Madison account. The document describes some of her work on Madison's ill-fated Castle Grande project, an 1,100-acre industrial and trailer park development south of Little Rock."
After quitting the Justice Department and before going to jail, Hubbell met with Hillary Clinton, and followed up by getting together with major scandal figures John Huang, James Riady, and Ng Lapseng. Riady and Huang went to the White House every day from June 21 to June 25, 1994 according to White House records. Hubbell had breakfast and lunch with Riady on June 23. Four days later -- and one week after Hubbell's meeting with Hillary -- the Hong Kong Chinese Bank, jointly owed by Lippo and the Chinese intelligence services, sends $100,000 to Hubbell.
The New York Times reported on March 17, 1992: "Hillary Clinton said today that she did not earn 'a penny' from state business conducted by her Little Rock law firm and that she never intervened with state regulators on behalf of a failed Arkansas savings and loan association. . . " Records would show that she did, in fact, represent Madison before the state securities department. After the revelation, she says, "For goodness sakes, you can't be a lawyer if you don't represent banks."
The Clintons claimed they were passive shareholders in Whitewater. In 1993, however, journalist Jerry Seper found that Hillary Clinton had written to Jim McDougal enclosing a power of attorney for him to sign "authorizing me to act on your behalf with respect to matters concerning Whitewater Development Corporation." Another power of attorney was enclosed for Susan McDougal. The power of attorney included the right to endorse, sign and execute "checks, notes, deeds, agreements, certificates, receipts or any other instruments in writing of all matters related to Whitewater Development Corporation."
In 1993 Hillary Clinton and David Watkins moved to oust the White House travel office in favor of World Wide Travel, Clinton's source of $1 million in fly-now-pay-later campaign trips that essentially financed the last stages of the campaign without the bother of reporting a de facto contribution. The White House fired seven long-term employees for alleged mismanagement and kickbacks. The director, Billy Dale, charged with embezzlement, was acquitted in less than two hours by the jury. An FBI agent involved in the case, IC Smith, wrote later, "The White House Travel Office matter sent a clear message to the Congress . . . Lying, withholding evidence, and considering - even expecting - underlings to be expendable so the Clintons could avoid accountability for their actins would become the norm."
HRC'S 1994 health care plan, according to one account, included fines of up to $5,000 for refusing to join the government-mandated health plan, $5,000 for failing to pay premiums on time, 15 years to doctors who received "anything of value" in exchange for helping patients short-circuit the bureaucracy, $10,000 a day for faulty physician paperwork, $50,000 for unauthorized patient treatment, and $100,000 a day for drug companies that messed up federal filings. Her response to complaints that this could easily bankrupt small businesses: "I can't be responsible for every undercapitalized small business in America." Her plan also would have required people to carry national identification cards that embedded confidential patient information on computer chips.
HRC completely dismissed the idea of single payer health care Tom Hamburger and Ted Marmor in the Washington Monthly told of a single-payer proponent being invited to the White House in February 1993. It was, he said, a "pseudo-consultation;" the doctor was quickly informed that "single payer is not politically feasible." When Dr. David Himmelstein of the Harvard Medical School pressed Mrs. Clinton on single payer, she replied, "Tell me something interesting, David.". . . Reported Thomas Bodenehimer in Nation: "Around Hillary Rodham Clinton's health reform table sit the managed-competition winners: big business, hospitals, large (but not small) commercial insurers, the Blues, budget-worried government leaders and the 'Jackson Hole Group,' the chief intellectual honchos of the managed competition movement. . . Adherence to the mantra of managed competition appears to be the price of a ticket of admission to this gathering."
Two months after commencing the Whitewater scheme, Hillary Clinton invested $1,000 in cattle futures. Within a few days she had a $5,000 profit. Before bailing out she earns nearly $100,000 on her investment. Many years later, several economists will calculate that the chances of earning such returns legally were one in 250 million.
In 1996, the Clintons' pal Johnny Chung agreed to plead guilty to election law violations and cooperate with a Justice Department investigation into illegal campaign fund-raising. Reported CNN: "During one visit, Chung gave first lady Hillary Rodham Clinton's then-chief of staff, Maggie Williams, a $50,000 check for the Democratic National Committee. The check was delivered inside the White House." Chung reportedly funneled several hundred thousand dollars from Chinese military intelligence to Bill Clinton's 1996 campaign. As Chung put it once, "I see the White House is like a subway -- you have to put in coins to open the gates."
In 1996, Hillary Clinton's Rose law firm billing records, sought for two years by congressional investigators and the special prosecutor were found in the back room of the personal residence at the White House. Clinton said she had no idea how they got there.
Drug dealer Jorge Cabrera gave enough to the Democrats to have his picture taken with both Hillary Clinton and Al Gore. In a 1997 story, Don Van Natta Jr. of the NY Times reported, "Jorge Cabrera, a drug smuggler who has emerged as one of the most notorious supporters of President Clinton's re-election campaign, was asked for a campaign contribution in the unlikely locale of a hotel in Havana by a prominent Democratic fund-raiser, congressional investigators have learned. . . On
his return to the United States several days after that meeting, in November 1995, Cabrera wrote a check for $20,000 to the Democratic National Committee from an account that included the proceeds from smuggling cocaine from Colombia to the United States, said the investigators, who spoke on condition of anonymity."
On April 27,1998, deputy independent counsel Hickman Ewing met with his prosecutors to decide on whether to indict Hillary Clinton. Here's what happened as reported by Sue Schmidt and Michael Weisskopf in their book, Truth at Any Cost: "[Ewing] paced the room for more than three hours, recalling facts from memory in his distinctive Memphis twang. He spoke passionately, laying out a case that the first lady had obstructed government investigators and made false statements about her legal work for McDougal's S&L, particularly the thrift's notorious multimillion-dollar Castle Grande real estate project. . .The biggest problem was the death a month earlier of Jim McDougal. . . Without him, prosecutors would have a hard time describing the S&L dealings they suspected Hillary Clinton had lied about."
In 2000, Hillary Clinton's Senate campaign returned $22,000 in soft money to a businesswoman linked to a Democratic campaign contribution from a drug smuggler in Havana. The donation by Vivian Mannerud Verble, according to the NY Post, was the largest single contribution received by Clinton's soft-money committee.
In August 2000 Hillary Clinton held a huge Hollywood fundraiser for her Senate campaign. It was very successful. The only problem was that, by a long shot, she didn't report all the money contributed: $800K by the US government's ultimate count in a settlement and $2 million according to the key contributor and convicted con Peter Paul. This is, in election law, the moral equivalent of not reporting a similar amount on your income tax. It is a form of fraud. Hillary Clinton's defense is that she didn't know about it.
Hillary Clinton's participation in a Whitewater related land deal became suspicious enough to trigger an investigation by the Arkansas Supreme Court. Jerry Seper reported in 2000 the probe centered "on accusations about Mrs. Clinton's legal representation of a failed Madison Guaranty Savings and Loan Association real estate venture, which the Federal Deposit Insurance Corp. called a 'sham.'"
While HRC's candidacy is being hailed as a great step forward for women that was not the case for a number of women who crossed paths with Bill and Hillary. A number of sources have concluded that HRC ran an extensive operation to ferret out and suppress any women who might cause the campaign problems because of her husband's social habits. Detectives were hired for what Dick Morris called a "a systematic campaign to intimidate, frighten, threaten, discredit and punish innocent Americans whose only misdeed is their desire to tell the truth in public."
Among the women who ran into problems was Kathleen Willey who had the tires on her car mysteriously punctured with dozens of nails and her cat suddenly disappeared. Subsequently, Willey was out jogging near her home when a stranger approached and asked if the tires had been fixed and if the cat had been found. The man then asked Willey, "Don't you get the message?" and jogged off. Willey also found an animal skull on her porch the day after she testified in the Paula Jones case.
In 2007, A Pakistani immigrant who hosted fundraisers for Sen. Hillary Rodham Clinton became a target of the FBI allegations that he funneled illegal contributions to Clinton's political action committee and to Sen. Barbara Boxer's 2004 re-election campaign. Authorities say Northridge, Calif., businessman Abdul Rehman Jinnah, 56, fled the country shortly after being indicted on charges of engineering more than $50,000 in illegal donations to the Democratic committees.
(undernews prorev.com)
bin66 - 1. Jun, 01:07
