Wednesday, November 21, 2007

A former accountant for Oral Roberts University (ORU) has filed a lawsuit against ORU and its Board of Regents claiming he was told by Richard Roberts and his wife Lindsay to “cook the books”, hiding financial wrongdoing from authorities and the public. Trent Huddleston, the accountant, has filed suit against the school and the Robertses claiming he “was improperly and unlawfully directed to perform functions and duties in violation of state and federal law in an effort by the defendants to ‘cook the books’ and hide from the appropriate authorities and the public the continued wrongdoing, improper and illegal conduct of the defendants, and in particular, of Richard and Lindsay Roberts.”

Huddleston said that nearly $123,000 in remodeling fees for their home was paid by Oral Roberts University and Oral Roberts Ministries. In addition the lawsuit alleges $4,000 was spent on a pool table for the Robertses. Previously the Roberts were accused of illegal political and financial wrongdoing, which forced the president to step down from his positison.

Last week at a meeting called by Oral Roberts, founder of the University and former faith healer, a majority of the faculty voted against allowing Richard to serve as president.

An ORU spokesman declined to comment on latest lawsuit and the faculty meeting.

In other news, Tulsa World released emails between Richard and his political adviser and sister-in-law, Stephanie Cantees. The emails given by an anonymous source, show the two plan to gain political influence using ORU students.

Friday, April 14, 2006

Australian Prime Minister, John Howard appeared before the Cole inquiry on Thursday, the first time an Australian Prime Minister has appeared before an inquiry with royal commission powers since 1983.

Unlike his foreign minister Alexander Downer who gave evidence before the inquiry on Tuesday, Mr Howard entered through the front door where he gave a brief address. He told the press that his government is being open about the Iraqi kickback affair. ” just want to make one point and that is that the appearance by me, earlier this week by the Foreign Minister and also by the Trade Minister, demonstrates absolutely how open and transparent and accountable the Government is being in relation to this matter” Mr Howard said to reporters.

Mr Howard was questioned by John Agius, counsel assisting the inquiry. Counsel for AWB, the company at the centre of the scandal did not apply to cross-examine the prime minister.

Terrence Cole, the inquiry’s commissioner received an application from Peter Geary and Micheal Long’s counsel to cross-examine the prime minister but refused it on the grounds that the proposed line of questioning was similar to that of Mr Aguis’ and that there was no evidence that Mr Howard had “ever met with Mr Geary or Mr Long”.

Mr Agius questioned the prime minister about a series of diplomatic cables sent to his office, which raised concerns about AWB’s contracts in Iraq.

Mr Howard told the inquiry that he doesn’t recall reading or being briefed about any of the cables referred to by the inquiry. The inquiry also heard that prior to 2003 there was no system in place to identify which cables had been bought to the prime minister’s attention.

In his statement to the inquiry, Mr Howard said that his office had not received four of the cables mentioned by the inquiry. Under questioning, Mr Howard confirmed this but conceded that it was likely that his staff had read the other 17.

When asked whether there were any guidelines which guided his advisors in deciding which cables should be bought to the prime minister’s attention, Mr Howard replied “No, there weren’t”.

The inquiry heard that the only discussions about which cables which should be bought to Mr Howard’s attention occurred when an advisor changed in very generic terms. Mr Howard told the inquiry that he would tell a new advisor “Well, you’ve got to exercise your own judgment, I can’t possibly read everything, and clearly I want things brought to my attention which are, in your judgment, important and are relevant to issues in front of the government at the time”.

Mr Howard admitted that the government had an interest in Iraq using the United Nations oil for food program for its own financial benefit, but said he did not expect cables dealing with alleged breach of UN sanctions to have been bought to his attention.

The questioning then turned to a statement Mr Howard made to the National Press Club on March 13, 2003, one week prior to the US-led Iraqi occupation. Speaking about Saddam Hussein Mr Howard said “He has cruelly and cynically manipulated the United Nations oil-for-food programme. He’s rorted it to buy weapons to supporthis designs at the expense of the wellbeing of his people”.

Mr Agius asked Mr Howard if his statement was based upon briefngs he had received. Mr Howard told the inquiry that the information was based upon “open source” intelligence stated at addresses by British foreign secretary Jack Straw and the United States state department. Mr Howard said one of his advisors “checked with some cables to confirm that those cables supported the open-source claims and was satisfied that they did”.

Mr Howard denied seeing the cables used by the advisor to support the claims, but believed he would have told her to be sure that everything they were saying can be supported by fact. Mr Howard told the inquiry that he never knew about cables which referred to Hussein rorting the UN Oil for Food program. Mr Howard admitted that at the time his “general knowledge” was that Hussein had breached UN sanctions and was rorting the Oil for Food program.

“My general knowledge at the time and belief was that the program had been rorted, and it was not seriously in dispute. Nobody was arguing it hadn’t been rorted” Mr Howard said.

The prime minister was questioned about an unassessed intelligence report which mentioned a Jordanian trucking company known as “Alia” paying kickbacks to Hussein. In response to this Mr Howard told the inquiry that he could not recall the information being bought to his attention, which was not unusual.

Tuesday, May 3, 2005

Swiss banking giant UBS today reported better than expected first-quarter results – but warned investors that full year results could be hit by weaker investment banking revenues.

First-quarter net profit stood at 2.625bn Swiss francs (US$2.19bn; €1.7bn) up 15% from last year’s 2.28bn Swiss francs. Assets under management grew to 2.36 trillion Swiss francs (US$1.97 trillion; €1.53 trillion); an increase of 21.2bn Swiss francs on last year.

Despite the solid performance, CFO Clive Standish told the media “Clearly we have seen a slowing of the markets over the quarter, particularly in March… There is a perceptible slowdown in markets as we speak.”Reacting to the pessimism, UBS shares dropped 1.5%.

Friday, June 4, 2010

Funerals and prayers for nine activists, who died in Israel’s Gaza flotilla raid, were held in Istanbul on Thursday.

Tens of thousands attended the funeral of the nine Turkish nationals, including one teen of dual U.S.-Turkish citizenship. The coffins were draped in Turkish and Palestinian flags. There was widespread anger from those attending. Released activists arrived to their home countries yesterday and today.

The Turkish President Abdullah Gül said that Turkey would act calmly and said;

The youngest of the nine activists killed, a 19-year-old high school student Furkan Dogan, was shot in the head and chest. He was born in Troy New York, but moved to Turkey when he was two. He will be buried in his family’s hometown of Kayseri in central Turkey on Friday. A United States State Department spokesman said it would probe the death of the Turkish-American killed, but said the FBI were not involved “at this point.”

Israeli PM Benjamin Netanyahu insisted that soldiers were acting in self-defence. He said the activists were not peace activists but “violent supporters of terrorism”. Israel has stated that of the 7 soldiers wounded during the assault, 2 were shot with weapons wrestled from Israeli forces. But Swedish activist Mattias Gardell scoffed at such statements, replying, “the Israelis started shooting first. We had no weapons, the Israelis had weapons”.

Abdullah Gül said Israel committed “one of the biggest mistakes ever in its history,” and the Turkish Prime Minister Recep Tayyip Erdo?an called Israel’s actions “a historic mistake.” The leader of the Islamic charity IHH spoke to the crowd, saying, “The whole world supports us. We will shake the foundations of Zionism”.

The activists had attempted to break the Israeli blockade of Gaza. The Irish ship MV Rachel Corrie arriving some time this weekend, will be the next ship to challenge the blockade.

Wednesday, March 3, 2010

General Motors (GM) announced on Tuesday a recall of 1.3 million Chevrolet and Pontiac cars in the US, Mexico, and Canada over problems with the power steering system.

The models, the 2005–2010 Chevrolet Cobalt and 2007–2010 Pontiac G5 in the US, the 2005–2006 Pontiac Pursuit in Canada and the 2005–2006 Pontiac G4 in Mexico, were affected by a fault that causes the power steering in the vehicles to fail. The company says that cars can still be safely controlled even after the loss of power steering, although more effort to turn the car would be required.

GM is currently working on developing a fix for the problem, after having conducted an internal investigation for more than a year, beginning last January. In addition to GM’s investigation, the National Highway Traffic Safety Administration also conducted an investigation on the Cobalt, which began in January 2010. The investigation was begun after more than a thousand complaints about the model were received by the agency, including reports of 14 crashes caused by the fault. GM contacted the NHTSA about the problem on Monday.

GM blamed the issues on an external supplier partially owned by Toyota, another company currently in the process of a major recall of more than eight million vehicles. According to GM vice-chairman Bob Lutz, the supplier, which was not named, had not met “all requirements for reliability and durability.” In his comments, given at the Geneva Motor Show, Lutz also said that financial responsibility for the recalls had yet to be determined.

• A Chevrolet Cobalt

• A Pontiac G5