Tuesday, August 25, 2009

The Cheney Observer - continued from above...

Halliburton breaks ground in Williston (click here)
WILLISTON, N.D. (AP) An international oil service company is expanding in Williston.Halliburton Co. broke ground Thursday on a complex estimated at about $20 million in the city's Industrial Park.Halliburton provides oil field services to major companies and independent firms, and employs more than 300 people in northwestern North Dakota and eastern Montana.The new complex is to open next year with space for tools, truck washing, sand and parking.Halliburton officials say they had to lay off workers in Williston recently but they believe the economy will change....


Food for thought. Is the newspaper business about reporting 'the truth' or 'promoting politics?'

He Said, She Said Journalism, Horse Race Journalism, & the Church of the Savvy (click here)
August 19, 2009
I’m posting something Jay Rosen, an NYU Journalism professor posted two years ago on “he said, she said”/horse race political journalism. Rosen calls it the “church of savvy,” and I guess others do as well.
The issue is that don’t journalists don’t actually cover the issue and whether a claim is true or not, they just report on the politics of the situation. Or, better put in one of Rosen’s tweets: “Is it true? vs. Will it work? The church of the savvy disgusts Paul Krugman
http://tr.im/wrTr ”...

So good to know former Senator Bill Frist believes in American Labor.

Sen. Bill Frist uses Cash for Clunkers, junks Suburban for Prius (click here)
by Jeremy Korzeniewski on Aug 25th 2009 at 9:02AM
Apparently, it's a common misconception that all Prius drivers are Democrats. Not true. In fact, recently retired Senator Bill Frist (R-Tenn.) just got himself a shiny new hybrid hatchback from Toyota. The former senator even got a few thousand dollars off the price of his new eco-friendly ride courtesy of the just-concluded Cash for Clunkers program here in the United States.
In an interview on Larry King Live, Frist responded to King's quip that "You don't see a lot of Republicans driving a Prius" with the response that the hybrid's 50 miles per gallon along with the fact that "the taxpayer gave me $6,000 to do it" as reasons for the Prius purchase....

Follow the Government MONEY !!!!

Oh, it's only Halliburton, Jr - KBR.

Shoddy Work To Follow !!!

Analyst: KBR moving from military to energy work (click here)
HARTFORD, Conn.
Shares of KBR Inc. rose Tuesday after an analyst raised his price target on the engineering and construction company's shares, saying KBR is moving successfully into large energy projects and away from military contracts.
Broadpoint AmTech analyst Will Gabrielski raised his price target to $29 from $24 and reiterated a "buy" rating on KBR.
The Houston company, which was spun off from Halliburton Co., is doing a "solid job of transitioning" its work from the Army's Logistics Civil Augmentation Program, or LogCap, though it took longer than expected, Gabrielski said.
Last month, defense contractors DynCorp International Inc. and Fluor Corp. received a combined $3 billion contract from the Army for support services to U.S. troops in Afghanistan. The award excluded KBR.
However, Gabrielski said two large Iraq orders could be awarded by the end of the year and KBR's "positioning in Iraq remains intact given the company's entrenched status."...


Halliburton Company HAL, builds concrete plant, will cost $10 million to $12 million (click here)
Halliburton Company
Rochester, NY 8/25/2009 03:12 PM GMT (TransWorldNews)
Halliburton Company said that it has agreed to begin construction on a concrete plant to serve north-central Pennsylvania's expanding natural gas drilling industry. The cost estimation will be $10 million to $12 million, including a concrete plant, warehouse, offices, truck wash and maintenance bays. The site is appealing because it is close to areas where exploration companies are drilling into the potentially lucrative Marcellus Shale gas formation, says Halliburton officials.




Bush bashing (click title to this entry - thank you)
Cheney’s next target is apparently his former boss
HOUSTON CHRONICLE
Aug. 14, 2009, 8:39PM
During the last two presidential terms, an oft-repeated assertion by journalists covering the White House was that the real power in the George W. Bush administration was Vice President Dick Cheney. A New Yorker Magazine cover satirized the relationship by depicting Bush as Cheney's manservant cleaning up behind him.
Apparently that image wasn't too far from Cheney's own conception of his role as one of the most influential No. 2's in American history. A report in the Washington Post by Barton Gellman indicates Cheney is hard at work on a tell-all memoir that will unload on his former boss for failing to continue following the veep's policies in the closing years of his presidency....

...By the early '90s, working out of the U.S. attorney's office in Connecticut, he was receiving national attention heading cases against New England crime kings, providing evidence to put John Gotti behind bars, and going after crooked politicos like former Connecticut governor John Rowland. In 1999, he was asked by former attorney general Janet Reno to investigate a number of corrupt state police officers and FBI agents in Boston that had been working with the mob (a case whose players served as inspiration for characters in the Oscar-winning film, The Departed).
During the '80s and '90s, Durham became known in New England as the "white knight": dogged, spotlight-shy, puritanical, and successful. He's a devout Catholic that takes no prisoners in the court room. As of 2001, he'd never lost a case. In July 2004, he was awarded the Award for Exceptional Service by then-Attorney General John Ashcroft....
(CN) - The 9th Circuit dismissed a lawsuit for insurance benefits filed by victims of the Armenian genocide. The court said the claims were trumped by the U.S. government's refusal to use the term genocide to describe the systematic slaughter of more than 500,000 Armenians during and after World War I....
...Senior Circuit Judge Thompson cited the Bush administration's efforts to quash a 2007 Armenian Genocide Resolution, which sought official recognition of the genocide. Former Secretary of State Condoleeza Rice and Defense Secretary Robert Gates argued in a letter to House Speaker Nancy Pelosi that passage of such a resolution "could harm American troops in the field, constrain our ability to supply our troops in Iraq and Afghanistan, and significantly damage our efforts to promote reconciliation between Armenia and Turkey." Then-President George W. Bush added that the resolution "is not the right response to these historic mass killings, and its passage would do great harm to our relations with a key ally in NATO and in the global war on terror."...


6 Confirmation Questions For Ben Bernanke (click here)
August 25, 2009 03:57 PM ET Rick Newman
It’s not surprising that Ben Bernanke is getting a second round as chairman of the Federal Reserve. Had President Obama bounced Bernanke after one two-year term, it would have sent an unsettling message just as the economy appears to be turning the corner. And history may show that Bernanke’s aggressive intervention in the economy over the last 18 months has been much more prudent than the hands-off approach his detractors would have preferred....
...Why did Goldman Sachs get AIG bailout money? Six months after the beginning of the AIG bailout, we learned that $12.9 billion worth of AIG bailout money actually went to Goldman Sachs, which had multiple deals with AIG that the government basically redeemed at 100 cents on the dollar. Three European banks got more than $30 billion in AIG bailout money, with other AIG trading partners getting lesser amounts. There may have been a sound reason for passing through so much money to AIG counterparties. So what was it? And why didn’t those trading partners even take a haircut on their deals with AIG, when the government itself will probably lose a bundle? This deal is especially fishy given that former Treasury Secretary Henry Paulson came straight to Washington from Goldman, where he was CEO. Bernanke has the standing to put conspiracy theories to rest—if there’s a convincing explanation for the Goldman payouts that for some reason we haven’t heard so far....

...John Rendon (click here) spoke and gave an assessment of how they had done in the run-up to the war. And he said, “Well, there were three things we tried to do, and we did well on two, but not the third.” The first was to make the news be theirs 24/7, and they did that by the morning briefings from Baghdad—or from Kuwait and then the afternoon press conference from the Pentagon. “We wanted to control the printed media, and that was primarily done by the embedded program.” He said, “The one thing we failed at was we didn’t have people who provided the context. We lost control of the military analysts, and they were giving context.”...


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