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Saturday, Jul 05th

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Blackwater owes North Carolina county millions in back taxes

Xe, formerly known as BlackwaterXe Services, the security firm formerly known as Blackwater, owes a North Carolina county millions in back taxes, officials say.

Camden County Manager Randell Woodruff says the company, already the county's biggest taxpayer, owes almost $2.9 million, including penalties and interest, for aircraft based there but used around the world.

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FDNY cancer up post-9/11

NYFD cancer rated up

A city official for the first time is revealing a rise in cancer among firefighters who served at Ground Zero, The Post has learned.

Dr. David Prezant, the Fire Department's chief medical officer, has found that firefighters who dug for victims at the World Trade Center are getting cancer at a higher rate than firefighters before 9/11 -- and some types of cancer are "bizarrely off the charts," say sources briefed on the seven-year, federally funded study.

Prezant discussed the findings with members of a WTC medical-monitoring committee last month, several attendees said.


Why is the Federal Reserve Propping Up the Bank of Libya?

Federal Reserve  HeadquartersVermont Senator Bernie Sanders has for months been leading the charge to expose the sweetheart deals the Federal Reserve has worked out for multinational banks and corporations at the same time that working Americans, small businesses, local governments and schools boards struggle to stay afloat financially.

Sanders has tried to make the point that it is simply absurd for the Fed to bail out foreign firms and bad banks and to provide them with low-interest loans at the same time that they are reaping massive profits – and at the same time that federal, state and local governments are supposedly broke.

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Transocean hails ‘best year’ in safety, gives execs bonuses, despite Gulf spill

The company that owns the now-infamous Deepwater Horizon, the oil rig that caused immeasurable damage to the Gulf, recently applauded itself for the "best year in safety performance in our Company's history." The company, Transocean Ltd., rewarded its executives millions in bonuses for the achievement, according to the annual report it released yesterday.

Steven L. Newman, Transocean's president and CEO, awarded himself $4.3 million in cash bonuses, stocks and options.

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How a big US bank laundered billions from Mexico's murderous drug gangs

US bank launders drug billions

On 10 April 2006, a DC-9 jet landed in the port city of Ciudad del Carmen, on the Gulf of Mexico, as the sun was setting. Mexican soldiers, waiting to intercept it, found 128 cases packed with 5.7 tons of cocaine, valued at $100m. But something else – more important and far-reaching – was discovered in the paper trail behind the purchase of the plane by the Sinaloa narco-trafficking cartel.

During a 22-month investigation by agents from the US Drug Enforcement Administration, the Internal Revenue Service and others, it emerged that the cocaine smugglers had bought the plane with money they had laundered through one of the biggest banks in the United States: Wachovia, now part of the giant Wells Fargo.

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Pfizer, Lilly Antidepressants Linked to Narrowed Arteries in Older Men

Lexapro

Antidepressants may narrow the arteries of middle-aged men, potentially putting them at risk for heart attacks and stroke, researchers said.

A study involving 513 male twins, with an average age of 55, found those who took medications like Forest Laboratories Inc. (FRX)’s Lexapro, Eli Lilly & Co. (LLY)’s Cymbalta or Pfizer Inc. (PFE)’s Zoloft had thicker blood vessel walls. The increase, a measure of fatty-plaque buildup linked to atherosclerosis, was seen regardless of what type of antidepressant the men were taking.

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Transocean gives safety bonuses despite Gulf deaths

Transocean gives safety bonuses despite deaths Transocean Ltd. gave its top executives bonuses for achieving the “best year in safety performance in our company’s history” — despite the explosion of its oil rig that killed 11 people and spilled 200 million gallons of oil into the Gulf of Mexico.

The company said in a regulatory filing that its most senior managers were given two thirds of their total possible safety bonus.

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Sites hit in massive web attack

Massive web attack

Hundreds of thousands of websites appear to have been compromised by a massive cyber attack. The hi-tech criminals used a well-known attack vector that exploits security loopholes on other sites to insert a link to their website.

Those visiting the criminals' webpage were told that their machines were infected with many different viruses. Swift action by security researchers has managed to get the sites offering the sham software shut down.

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Montana Rep. Says DUI Laws Are 'Destroying a Way of Life'

While speaking out against a proposed bill that would make DUI laws more strict for repeat offenders, state Rep. Alan Hale, R–Basin, said drunken driving regulations hurt local businesses and are "destroying a way of life."

"These DUI laws are not doing our small businesses in our state any good at all. They are destroying them," he said in a speech on the state House floor. "They are destroying a way of life that has been in Montana for years and years."

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