Posts Tagged ‘Economy’

One of the traits which made Osama bin Laden such an effective leader of the organization he founded was his ability to get individual terrorists and terror groups to look past their political, sectarian, and national differences and focus on a common goal. This ability to overlook contradictions apparently extended into his personal life.

Then:

I knew from the beginning that [bin Laden] was not willing to drink any soft drinks from American companies, Pepsi, Coca-Cola, Sprite, 7-Up. He was trying to boycott all American products because he believed that without Americans, Israel cannot exist.
– Palestinian journalist Jamal Ismail, who met bin Laden in 1984
Source: Peter Bergen, “The Osama bin Laden I Know,” p. 39

Then:

“My Muslim Brothers: The money you pay to buy American goods will be transformed into bullets and used against our brothers in Palestine. By buying these goods we are strengthening their economy while our poverty increases. We expect the women of the land of the two Holy Places and other countries to carry out their role in boycotting American goods. The security and intelligence services of the entire world cannot force a single citizen to buy the goods of his/her enemy. The boycotting of American goods is a very effective weapon for weakening the enemy.”
– Osama bin Laden
“The Declaration of Jihad on the Americans Occupying the Country of the Two Sacred Places”
August 23, 1996
Source: Peter Bergen, “The Osama bin Laden I Know,” p. 165

Now:

May 4 (Bloomberg) — The two polite Pakistanis who helped Osama bin Laden hide in the shadow of their country’s army bought bulk food orders, chose major brands and equally favored Pepsi and Coke, neighbors and a local shopkeeper said.

Here’s a good guide from CNN on what will/won’t be affected by the government shutdown.

Update: Also see this guide from the Washington Post about how government agencies will be affected. Their shutdown countdown clock at T-minus 4 hours and counting…

“The first thing that would make me feel a little bit better towards them if they’d follow the Japanese model and come before the American people and take that deep bow and say I’m sorry, and then either do one of two things — resign, or go commit suicide.” – Sen. Charles Grassley (R-Iowa) on AIG bonuses.

Mea Culpa

Posted: March 13, 2009 in Economy
Tags: , , ,

madoff

As expected, Bernard Madoff pleaded guilty to all 11 criminal counts during his hearing and went to jail immediately after it was over.

But to get a sense of how vast and deliberate his scheme was, read his statement to the court. Absolutely mind-boggling stuff.

Not a good sign… Soon we will probably have at least one, if not several major cities, without a daily newspaper. Sad state of the economy and the industry.

Madoff expected to plead guilty for running a $50 billion Ponzi scheme in court today. He could spend the rest of his life in prison.

money

Government Executive has this story about a new memo from the OMB listing the requirements for disclosing spending from the stimulus bill, contracting, and risk management.

While this, and the new recovery.gov website, are great tools in theory for investigative journalists, watchdog groups, and taxpayers to keep an eye on how all this money is being spent, it sounds a little overwhelming. I also have a feeling that the new transparency and disclosure requirements are going to come back and haunt somebody, either in one of the government agencies or the White House or Congress.