Monday, October 05, 2009

Tracking Your Taxes: U.S. Worker Provision on Military Project Could Bleed Taxpayers - Political News - FOXNews.com

Tracking Your Taxes: U.S. Worker Provision on Military Project Could Bleed Taxpayers - Political News - FOXNews.com: "The five-year project to rebuild the critical military installation in the Pacific will require an estimated 15,000 workers. Normally those workers would be locals or neighboring islanders, but Rep. Neil Abercrombie (D-Hawaii) wants those jobs to go to Americans.

A senior member of the House Armed Services Committee, Abercrombie amended the House version of the 2010 Military Appropriations bill so that 70 percent of those workers would have to be from the U.S."

That means an increase of about $1 million for each extra American to get the work.

New York Mom Fights Middle School That Banned Her Bike Rides With Son - Local News | News Articles | National News | US News - FOXNews.com

New York Mom Fights Middle School That Banned Her Bike Rides With Son - Local News | News Articles | National News | US News - FOXNews.com: "A New York mother is fighting back against her school district after administrators and officials told her she and her son didn't have the right to bike to school together — and that his safety, even beyond school walls, was out of her hands."

The district can suggest safe ways of transport but can't prohibit.

"'The existing policy is worded in such a way that it may lead one to believe that we're prohibiting biking to school,' said Saratoga Springs superintendent Janice White.

The one-sentence clause in the school board handbook looks clear enough:

'The riding of bicycles by elementary pupils to and from school is prohibited.'"

What a typical bureaucrat -- Implying that something simple was misunderstood.

Billions in U.S. Aid Never Reached Pakistan Army - International News | News of the World | Middle East News | Europe News - FOXNews.com

Billions in U.S. Aid Never Reached Pakistan Army - International News | News of the World | Middle East News | Europe News - FOXNews.com: "ISLAMABAD, Pakistan�—� The United States has long suspected that much of the billions of dollars it has sent Pakistan to battle militants has been diverted to the domestic economy and other causes, such as fighting India.

Now the scope and longevity of the misuse is becoming clear: Between 2002 and 2008, while Al Qaeda regrouped, only $500 million of the $6.6 billion in American aid actually made it to the Pakistani military, two army generals tell The Associated Press."

IG Report Finds Paulsen, Bernanke Misled Public on Bank Rescues - Political News - FOXNews.com

IG Report Finds Paulsen, Bernanke Misled Public on Bank Rescues - Political News - FOXNews.com: "Barofsky said that the fact that Citigroup Inc. and Bank of America Corp. soon required billions in additional assistance highlighted the inaccuracy of that claim and raised questions about the whole effort. In addition, Merrill Lynch, which was also in the original nine, was in the process of being acquired by Bank of America because of its weakening financial position.

'Statements that are less than careful or forthright -- like those made in this case -- may ultimately undermine the public's understanding and support,' the report said. 'This loss of public support could damage the government's credibility and have long-term unintended consequences that actually hamper the government's ability to respond to crises.'"

"But Assistant Treasury Secretary Herbert Allison Jr., who now heads the bailout program for the government, said that any critique of the announcements made a year ago should take into consideration the unprecedented circumstances facing financial regulators at the time."

I guess it is ok to make incorrect statements if the circumstances warrant.