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IAC exposé: Arvind Kejriwal, Prashant Bhushan target Reliance's Mukesh Ambani - Indian Express

IAC exposé: Arvind Kejriwal, Prashant Bhushan target Reliance's Mukesh Ambani - Indian Express:

IAC exposé: Arvind Kejriwal, Prashant Bhushan target Reliance's Mukesh Ambani

  

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Agencies : New Delhi, Wed Oct 31 2012, 16:18 hrs

India Against Corruption (IAC) today brought Reliance Industries Chairman Mukesh Ambani in its line of fire alleging that the UPA and the previous NDA governments had favoured his company by giving contract on gas exploration in KG Basin and concessions at a huge cost to the exchequer.

Calling it a "classic case of crony capitalism", activists Arvind Kejriwal and Prashant Bhushan alleged that Reliance was "blackmailing" the government to increase the price of gas by "almost stopping" the production and indulging in "hoarding like petty traders".

Attacking the decision to shift S Jaipal Reddy from Petroleum Ministry, they alleged it was now "absolutely crystal clear" that he was eased out of the crucial ministry only on account of "pressure" from Reliance Industries.

They said Reddy was "honest" and his "ouster" was only because he "actively resisted" Reliance' demand for an increase in the price of gas and wanted to penalise the company for "wilful reduction" of production of gas.

He asked why did Prime Minister Manmohan Singh not seek the opinion of the Attorney General when the then Petroleum Minister Manishankar Aiyar "refused to give in" to Reliance' demand for increasing the price of gas from USD 2.34 per unit to USD 4.2 per unit in 2006.

"In 2006, Aiyar was removed and Murli Deora was brought in and he cleared the files within one and half months. Why does he seek the opinion of Attorney General now? Why does his heart beats only for Reliance?" Kejriwal said.

New Petroleum Minister M Veerappa Moily refused to react to the allegations. Kejriwal said it is always said that the Prime Minister is not involved in corruption but he comes under the purview of Prevention of Corruption Act for certain decisions taken by his government in various matters like 2G and coal block allocations.

The activists demanded that the KG Basin contract be cancelled and government should immediately put in place adequate systems to get full production from the same location at cheapest prices for the country.

"This was a sweet agreement which the BJP gave to Reliance on strange conditions which says that when the production cost increases, the profit also increases for the company," Kejriwal said.

They also cited purported conversations between corporate lobbyist Niira Radia and A B Vajpayee's foster son-in-law Ranjan Bhattacharya to say that Ambani had claimed that Congress was under his control.

The press conference also witnessed some drama when three youths shouted slogans against Kejriwal and tried to throw a shoe at him. The youths were overpowered by IAC supporters and handed over to police.

Just before this, another man raised questions about his wife, an IRS Officer, not getting a transfer out of Delhi for the past 20 years.

As there was commotion, Kejriwal asked his supporters to allow him to raise the question but media persons surrounded him, saying non-journalists were not allowed to raise questions.

Here are the highlights/quotes of the meet, including the scuffle:

In their latest exposé, Arvind Kejriwal and Prashant Bhushan of IAC targetted both BJP's Atal Behari Vajpayee-led NDA as well as the Congress-led UPA for 'selling out the interests of the common man to corporates'.

* Who is being exposed today is the question that IAC has been asked repeatedly since morning: Prashant Bhushan.

* Bhushan said no one individual but the 'entire rotten system' would be exposed by India Against Corruption (IAC).

* The working of the Indian political and business system has been entirely subverted and corrupted. The tentacles of this crony capitalist system has entered every facet of Indian society at the top of which Reliance is the leading representative: Bhushan said.

* Loot from such corruption has given corporates like these overarching power over the Indian government, he said.

* Kejriwal adds target of today's press meet was Mukesh Ambani's Reliance Industries.

* IAC targets 'scam' behind price hike: Kejriwal says, "Industrialist-politician nexus behind inflation, which has impoverished India."

* On tapes: AB Vajpayee kin Ranjan Bhattacharaya talks to Niira Radia on DMK-Bhattacharya asks Radia whom in DMK does she want in Cabinet.

* Vajpayee gave KG Basin contract to Mukesh Ambani

* Reliance got 45,000cr windfall gains

*Present government not being run by Manmohan Singh but by Mukesh Ambani

* Reliance held govt to ransom demanding higher gas price and when Jaipal Reddy demurred he was unceremoniously removed from ministership.

* Reliance started hoarding gas like 'Tuchcha dalals' creating artificial scarcity in India.

* Reliance wanted to set the price of gas and not govt - UPA fell in line.

* Mulri Deora favoured Reliance too

* Pranab Mukherjee gave Rs 10,000 cr windfall gains to Reliance

* Why did government favour Reliance?

* Reliance 'dadagiri' hit gas production in India.

* Mani Shanker Iyer was removed to serve the vested interests of the politicians.

*Chaos at Kejriwal presser as IAC men rough-up bystander for asking anti-Arvind question.

* Why transfer of Kejriwal and wife did not happen for 20 years asks bystander.

Kejriwal restores orders says, will answer that question but digresses.

*Man thrown out for asking Kejriwal personal question.

* Bhushan says people of the country must reclaim their rights and ensure that their interests are not subverted.

Arvind Kejriwal says, he does not expect govt to do any thing about IAC exposé.

The people of India must ensure they throw out both Congress BJP from power and reclaim their Constitutional rights.

Read full IAC report:

Kya Congress Mukesh Ambani ki dukaan hai?

* In 2006, Mani Shankar Iyer was removed and Murli Deora brought in to increase RIL capex from $ 2.39 billion to $ 8.8 billion and to increase gas price from $2.34 per mmBTU to $ 4.2 per mmBTU.

*In 2012, Jaipal Reddy has been removed and Moily brought in to increase gas prices from $ 4.2 per mmBTU to $ 14.2 mmBTU and to condone RIL’s blackmailing of reducing gas production.

* Huge benefits given to RIL in last one decade despite flagrant violations of various agreements by RIL. Benefits to RIL causing serious price rise in the country.

* Both BJP and Congress involved. BJP signed a sweet deal with RIL in 2000. Congress faithfully implemented it.

* If RIL demand of increasing the gas price to $ 14.2 is accepted, it would lead to shut down of several gas based power plants and increase in power and fertilizer prices. It would result in Rs 43,000 crores of additional benefits to RIL.

In the Nira Radia tapes, Ranjan Bhattacharya (Vajpayee’s son in law) is heard telling Nira that Mukesh Ambani told him –“Congress to ab apni dukaan hai.” Facts below show that both Congress and BJP are in his pocket.

Reliance Industries Ltd (RIL) has the contract to extract oil from KG Basin. Under an agreement of 2009 with the government, they are supposed to sell gas at $ 4.2 per mmBTU upto 31st March 2014. Midway now, RIL is demanding that the price be increased to $ 14.2 per mmBTU. Jaipal Reddy resisted that and he was thrown out.

Jaipal Reddy had prepared a note for EGOM, in which he mentioned that acceptance of RIL’s demand would mean an additional profit of Rs43,000 crores ($8.5 billion) to RIL(in 2 years) at current levels of low production. Most of this gas is used in fertilizer and power production. Increasing gas price would mean an additional financial burden of Rs 53,000Crores ($ 10.5 billion) on central and state government (copy of relevant page of EGOM note is attached as annexure 1). This would in turn mean higher electricity and fertilizer prices in the country or a higher subsidy burden.

In order to pressurize the government, RIL substantially reduced its production of natural gas. Total consumption of natural gas in the country is 156 mmscmd. According to agreement, RIL was supposed to produce 80mmscmd (more than 50% of the total demand) from 2009. However, they are producing just 27 mmscmd, almost a third of their commitment. Production has been artificially kept low to blackmail the government. They are not just hoarding the gas, but also forcing various consumers to buy gas from abroad. Gas from abroad costs around $ 13 per mmBTU.

RIL’s stand is simple – “hum to gas $14.2 par hi denge, lena hai to lo, nahin to jao.” Who does this gas belong to? According to Supreme Court of India and the Indian Constitution, this gas belongs to thepeople of India. Complete surrender of UPA before RIL indicates UPA’s inability to run governance in accordance with the Constitution.

Drastic reduction in production has forced many gas based power plants in the country to shut down or run at much lower capacity. According to media reports, almost 9000 MW of gas based power plants are lying idle

. Today, power from gas based power plant costs around Rs 3 per KWH. If gas price is increased from $ 4.2 to $ 14.2 as demanded by Reliance, power rates would go upto Rs 7 per KWH. That’s too expensive. At that cost, most of these plants would have to permanently shut down.

This is not the first time that a union minister has been eased out at Mukesh Ambani’s insistence. In 2006, when RIL had to get its capex increased from $ 2.39 billion dollars to $ 8.8 billion dollars, Mani Shankar Iyer was removed and a more Reliance friendly MurliDeora was brought in.

Brief history:

RIL got this contract during NDA regime in the year 2000. The contract was meant to favor RIL right from the beginning. In any business, increase in costs means decrease in profits. However, the NDA government , signed a contract dictated by RIL wherein an increase in cost by one rupee meant additional profits of RIL by almost Rs 2.2. Isn’t it strange? A parameter called Investment Multiple has been defined in the contract as under:

Investment Multiple (IM) = Total Revenue / Total Investment

According to the contract, till IM is below 1.5, RIL takes away more than 80% of profits and government gets less than 20% of profits. It is only when IM becomes more than 2.5 that government gets 85%. This means, RIL has a huge incentive to keep IM below 1.5 by increasing the expenditure artificially. Thus if Reliance were to increase expenditure from 1 Billion to 2 Billion on a revenue of 5 billion, their own net income would go up from 1.6 Billion to 3.5 Billion. This is what the CAG has stated in para 8.1 of its performance Audit of Hydrocarbon PSCs. (extract from executive summary of CAG as annexure 2)

In 2004, RIL submitted an Initial Development Plan (IDP) saying they would produce 40 mmscmd for an investment of $ 2.39 billion. All this happened when Ram Naik was the petroleum minister in Vajpayee regime.

Within 2 years, RIL submitted another plan saying they would produce 80 mmscmd for an increased investment of $ 8.8 billion. Doesn’t that sound strange? To double production, you increase your investment by four times? Having put the initial infrastructure in place, it should have cost lesser to create additional production capacity.

Mani Shankar Iyer, who was the then Petroleum minister, would not have allowed this. So, Mani was shunted out of petroleum ministry and Murli Deora, famous to be Reliance man, was brought in January 2006. Despite strong protests by some MPs like Tapan Sen, Deora approved $ 8.8 billion expenditure. By allowing $ 8.8 billion expenditure, in effect, Deora allowed a future revenue of over Rs 1 lakh crores ($ 20 billion dollars) for RIL.

CAG has remarked that there is strong evidence that RIL is gold plating its capital expenditure. Expenditure has been artificially increased (for reasons mentioned above). For instance, RIL is required to place orders for its plant, machinery and other requirements through international competitive bids. CAG alleges that bids were arbitrarily rejected to favor some parties. Just one company namely Aker group got many contracts (see annexure 3, which is an extract from CAG report). Is this group related to RIL? Is RIL siphoning off money through this method?

RIL’s pressure tactics:

RIL signed a contract with NTPC in 2004 to supply gas for its power plants at $ 2.34 per mmBTU for 17 years. It signed a similar contract with RNRL to supply gas at $ 2.34 per mmBTU. However, RIL went back on its word. Under RIL’s pressure, EGOM headed by Sh Pranab Mukherjee, revised gas price in September 2007 to $ 4.2 per mmBTU. NTPC and RNRL were forced to accept gas from RIL at revised price. By doing this, Pranab Mukherjee headed EGOM gave an undue benefit of Rs8000 crores to RIL.

What is RIL’s actual cost of production?

Cost of production is much less than $ 2.34 per mmBTU. (Copy of extracts from an SC order Annexure 4).RIL had actually signed long term agreements with NTPC and RNRL for supplying gas at that rate for 17 years. This means that at $2.34 per mmBTU also, RIL was making adequate profits. India is getting gas at $ 0.9 per mmBTU from Oman. Gas rates in Canada are at $ 1.74 per mmBTU. This means that at $ 2.34 per mmBTU also, RIL was making huge profits.

RIL sold out nation’s resources:

Ownership rights of this gas belong to the people of India. RIL is just a contractor hired by GOI to extract gas. Strangely, RIL sold 30% stake in 21 of 29 oil blocks to British Petroleum in July 2011 at $ 7.2 billion. Government gave approval to RIL to do that. How can they do that? It is almost like – I hire a driver to drive my car and that driver sells off my car after a few days.

Performance of RIL so far has been much worse than perhaps the worst performing government department.

1. 4 times cost escalation within 2 years from $ 2.39 billion in 2004 to $ 8.8 billion in 2006.

2. Increase in gas price from $ 2.34 per mmBTU in 2004 to $ 4.2 per mmBTU in 2007 to the present demand of $ 14.2 per mmBTU.

3. Capacity created for producing 80 mmscmd after incurring such a huge cost ends up producing just 27 mmscmd after 12 years.

4. 31 oil wells should have been in production till now. Out of them, just 13 are functional.

Has any government department fared as badly? If this had happened in any government department, it would have been ripped apart by all government agencies and media.

RIL scam akin to coal scam:

This scam is on similar lines as Coal block allocation scam. Coal blocks were given away saying that coal production was less in the country and private sector participation would increase coal production. Rather than produce coal, the private parties hoarded coal blocks to sell them at appropriate time in future.

In this case also, oil blocks were given away to RIL on the excuse that oil and gas production in the country was less and private sector participation would bring “efficiency”. Rather than the production going up, RIL is hoarding the gas.

Role of PM:

RIL’s request for increase in gas prices was turned down by Ministry of Petroleum under Jaipal Reddy and EGOM several times in the last 2 years. EGOM had fixed $ 4.2 per mmBTU price for RIL upto 31.3.2014. When Jaipal Reddy did not budge, RIL approached the PM. PM was very sympathetic to RIL. PM requested Ministry of Petroleum to seek AG’s opinion on whether gas prices could be increased midway as demanded by Reliance. It is strange why did the PM not show similar concern when NTPC was forced to accept higher gas price from RIL? Why is the PM not pulling up Reliance for not producing 80 mmscmd gas as per their commitment? Why did the PM not seek legal opinion when country’s interests were at stake? Why is PM showing so much interest when RIL interests are at stake?

Notice to RIL by Jaipal Reddy:

When RIL failed to meet its production targets, Jaipal Reddy decided to disallow their capital expenditure. In the first instance, a notice for disallowance of $ 1 billion expenditure was sent to RIL (Annex 5). This would mean a loss of $2.2 (11,000 Crores) billion to RIL, if we consider IM ratio. Next year, this disallowance could be $ 1.5 billion, which would mean a loss of $ 3.3 billion (16,500 Crores) for RIL.

That is the reason why Mukesh Ambani got restless. And that is the reason why Jaipal Reddy was transferred out.

Real reasons for price rise in the country:

This episode explains the real reasons for price rise in the country. The government seems to be succumbing to illegitimate demands of some powerful corporates in the country (like RIL in this case). Benefits provided to RIL in this case contributed to price rise in power and fertilizer sectors. Similarly, on one hand, government says that they do not have Rs 35,000 crores to provide LPG subsidy to the people, on the other hand, the government bends backwards to provide benefits to these corporate.

Questions:

1. Who is running the government? It appears that telecom companies select their own nominee as Telecom minister and RIL selects its own person as Petroleum minister.

2. So, is this government being run by powerful corporates?

3. Is Dr Manmohan Singh succumbing to corporates under some compulsions or out of ignorance? What are the compulsions, if any?

We demand:

RIL blackmailing should be immediately stopped. Their KG Basin contract should be cancelled. Government should immediately put in place adequate systems to get full production from KG Basin at cheapest prices for the country.

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A British parliamentary committee has issued a scathing report that finds Rupert Murdoch is "not a fit person" to run a major international media company because of how News Corp. handled its phone-hacking scandal. The Parliamentary Select Committee on Culture, Media and Sport said Murdoch and his son, James, showed "willful blindness" about the scale of phone hacking at the News of the World tabloid. The panel’s finding has prompted a U.S. watchdog group, Citizens for Responsibility and Ethics in Washington, to call on the Federal Communications Commission to revoke News Corp.'s 27 Fox broadcast licenses in the United States. We speak with David Leigh, investigations editor at The Guardian, the news outlet that first exposed the phone-hacking practices taking place within the Murdoch media empire. Leigh says the British panel's findings could threaten Murdoch’s media presence across the Atlantic: "People are now beginning to say, ’Doesn’t this bleed over into the man who runs Fox News and has all those TV outlets in the U.S.?’ If he’s not fit and proper person in Britain, he’s not a fit and proper person in the U.S., either." [includes rush transcript]

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Rachel Maddow: Obama picks true humanitarian for World Bank post

Rachel Maddow: Obama picks true humanitarian for World Bank post:
Obama picks President Dartmouth College, Jim Young Kim, of Partners in Health.

'via Blog this'

Rachel Maddow: The Dubya delusion

Rachel Maddow: The Dubya delusion:
Job less rate fell further. And yet Romney thinks GBush stopped recession. March, 22, 2012.

'via Blog this'

Rachel Maddow: Obama derangement syndrome

Rachel Maddow: Obama derangement syndrome:
Carl Rove tries to spread lies. March 22, 2012

'via Blog this'

Newest doctor at renowned cancer hospital is Watson, IBM's computer 'Jeopardy!' champ - San Jose Mercury News

Newest doctor at renowned cancer hospital is Watson, IBM's computer 'Jeopardy!' champ - San Jose Mercury News:

Newest doctor at renowned cancer hospital is Watson, IBM's computer 'Jeopardy!' champ By Jim Fitzgerald  Associated Press Posted:   03/22/2012 12:15:21 PM PDT Updated:   03/22/2012 03:13:38 PM PDT Click photo to enlarge FILE - This Jan. 13, 2011 photo provided by IBM shows the computer system known as Watson at... WHITE PLAINS, N.Y. -- The medical training of IBM's speedy Watson computer will continue with a residency at a renowned Manhattan cancer hospital. International Business Machines and Memorial Sloan-Kettering Cancer Center said Thursday that they will add the latest in oncology research -- and the hospital's accumulated experience -- to Watson's vast knowledge base, and keep updating it. The result should help the hospital diagnose and treat cancer more quickly, accurately and personally, they said. "The capabilities are enormous," said Dr. Larry Norton, deputy chief for breast cancer programs at Sloan-Kettering. "And unlike my medical students, Watson doesn't forget anything." Watson won fame by beating the world's best "Jeopardy" players. Applying its speed and language skills to medicine was a longtime goal at IBM, and Watson went to work last year for health insurer WellPoint. The training at Sloan-Kettering will take time, and it may be the end of next year before patients at the hospital are benefiting from Watson's speed and depth, said Dr. Martin Kohn, chief medical scientist at IBM. If successful, the finished product could be used anywhere in the world to aid cancer treatment. Kohn said there's a rule of thumb that it takes 15 years for breakthroughs in medicine to be disseminated around the world. "So any process that can help get valuable information about choices and treatment out into general use more rapidly obviously is an improvement," he said. IBM said it was still focused on the project's development and was undecided about how to market it. It said both IBM and the hospital had invested in the plan but would not disclose specifics. Watson will be fed textbooks, medical journals and -- with permission -- individual medical records. Then it will be tested with more and more complicated cancer scenarios and assessed with the help of an advisory panel, Kohn said. It's expected to speedily suggest diagnoses and recommend treatments, ranking several alternatives. The computer's grasp of the scientific literature -- and its ability to find the right passage in seconds -- will help doctors keep up with the ever-expanding amount of available information, the doctors said. But Norton said it's the patient records at Sloan-Kettering -- with plain-language notations that Watson can understand -- that will add "wisdom" to what the computer learns.

Rachel Maddow: Drift by Rachel Maddow on sale soon

Rachel Maddow: Drift by Rachel Maddow on sale soon:
Writing about the accidental dirty bombs.

'via Blog this'

Rachel Maddow: Walker faces softball questions on Fox

Rachel Maddow: Walker faces softball questions on Fox:
Greta in Fox interviews Scott Walker, WI. March 21, 2012.

'via Blog this'

Rachel Maddow: Obama tries to set gas prices record straight

Rachel Maddow: Obama tries to set gas prices record straight:
Barney Sanders on Ed show on Gas Prices

'via Blog this'

Rachel Maddow: Faith leaders condemn Ryan Budget

Rachel Maddow: Faith leaders condemn Ryan Budget:
Congressman Steve Israil.

'via Blog this'

msnbc video: Anatomy of a right wing smear

msnbc video: Anatomy of a right wing smear:

'via Blog this'

Real Heroes: Vidya Balan tells the stories of bravehearts --Videos India:IBNLive Videos

Real Heroes: Vidya Balan tells the stories of bravehearts --Videos India:IBNLive Videos:

'via Blog this'

Rachel Maddow: Error of Palin selection transcends 2008 election

Rachel Maddow: Error of Palin selection transcends 2008 election:

'via Blog this'

Rachel Maddow: Advertisers rushing away from right-wing talk

Rachel Maddow: Advertisers rushing away from right-wing talk: March 12, 2012

'via Blog this'

Yuva: helping others, Swami Vivekananda's principle --Videos India:IBNLive Videos

Yuva: helping others, Swami Vivekananda's principle --Videos India:IBNLive Videos:

'via Blog this'

Rachel Maddow: OMalley warns of hard right turns

Rachel Maddow: OMalley warns of hard right turns:

'via Blog this'

Rachel Maddow: Republicans hoisted by their own wedge issue

Rachel Maddow: Republicans hoisted by their own wedge issue: March 9, 2012

'via Blog this'

Rachel Maddow: Rush offense rankles women nationwide

Rachel Maddow: Rush offense rankles women nationwide:

March 5, 2012

'via Blog this'

Rachel Maddow: Rush Limbaugh doesnt understand womens birth control

Rachel Maddow: Rush Limbaugh doesnt understand womens birth control:

(March 1, 2012 - Rush calling Sandra Fluke a slut, a prostitute.)

'via Blog this'

Rachel Maddow: Virginias Bob McDonnell respects womens inability to understand pregnancy

Rachel Maddow: Virginias Bob McDonnell respects womens inability to understand pregnancy:

Bob McDonald's chances of being VP is over. March 2nd, 2012

'via Blog this'

Charlotte Church on Hacking Settlement Video – 5min.com

Charlotte Church on Hacking Settlement Video – 5min.com:

'via Blog this'

James Murdoch Quits as NI Chair Video – 5min.com

James Murdoch Quits as NI Chair Video – 5min.com:

'via Blog this'

Rachel Maddow: Opposition to invasive anti-abortion bills grows as word of tactic spreads

Rachel Maddow: Opposition to invasive anti-abortion bills grows as word of tactic spreads:

Women's strike force created to fight women's right consequent on anti-abortion laws being put in place by all state with Republican majorities.

'via Blog this'

Video: Colbert Circumcises Dead Mormons To Convert Them To Judaism | HULIQ

Video: Colbert Circumcises Dead Mormons To Convert Them To Judaism | HULIQ:

'via Blog this'

Rachel Maddow: Santorum: Universities harm our country

Rachel Maddow: Santorum: Universities harm our country:
Santorum wants his supporters to stop donating to Universities. Feb 24, 2012
'via Blog this'

Rachel Maddow: Vaginal probe problem makes McDonnell uncomfortable choice for VP

Rachel Maddow: Vaginal probe problem makes McDonnell uncomfortable choice for VP: Feb 24, 2012

'via Blog this'

Rachel Maddow: Syria honors fallen foreign journalists

Rachel Maddow: Syria honors fallen foreign journalists
Feb 23, 2012

Rachel Maddow: Fact-based world an unhappy place for GOP energy talking points

Rachel Maddow: Fact-based world an unhappy place for GOP energy talking points
Karl Rove's bull packy statements
Feb 23, 2012

Watch This | Elizabeth Warren for Massachusetts

Watch This | Elizabeth Warren for Massachusetts
2 min 16 sec.

Rachel Maddow: Nancy Pelosi: Dont agonize, organize

Rachel Maddow: Nancy Pelosi: Dont agonize, organize
February 23, 2012

Rachel Maddow: Nancy Pelosi: Dont agonize, organize

Rachel Maddow: Nancy Pelosi: Dont agonize, organize
February 23, 2012

Rachel Maddow: Back to the drawing board for Virginia governor on anti-abortion bill

Rachel Maddow: Back to the drawing board for Virginia governor on anti-abortion bill
April 23, 2012

Rs. 1 crore seized: President's son in a spot

Rs. 1 crore seized: President's Pratibha Patil's son in a spot

Guj riots: Will the SIT report be made public?: CNN-IBN Videos

Guj riots: Will the SIT report be made public?: CNN-IBN Videos

Rachel Maddow: Scott Walkers shocking CPAC speech

Rachel Maddow: Scott Walkers shocking CPAC speech
Collective bargaining is not a right - Scott Walker, WI Governor under recall.
What collective bargaining means to us:
1. 40 hour work week
2. 8 hour work days
3. Overtime
4. Pensions
5. Paid vacations
6. Weekends & Holidays
7. Breaks
8.Safety
9. Health Insurance
10. Sick leave

3D Street Art - Bakul Foundation - Picasa Web Albums

3D Street Art - Bakul Foundation - Picasa Web Albums

Bhubaneswar City Road turned into a canvas of 3D chalk paintings - YouTube

Bhubaneswar City Road turned into a canvas of 3D chalk paintings - YouTube

Rachel Maddow: Sincerity makes rare, welcomed appearance in political speech

Rachel Maddow: Sincerity makes rare, welcomed appearance in political speech 4 Min 10 Sec.

Bill Moyers Makes Newt Gingrich Look Like an Idiot

Bill Moyers Makes Newt Gingrich Look Like an Idiot

Introduction to Light | New and Noteworthy | Khan Academy

Introduction to Light | New and Noteworthy | Khan Academy

Year 2060: Education Predictions | Talks and Interviews | Khan Academy

Year 2060: Education Predictions | Talks and Interviews | Khan Academy

Karnataka ministers filmed watching porn in Assembly resign

Karnataka ministers filmed watching porn in Assembly resign

Karnataka ministers filmed watching porn in Assembly resign:

Three Karnataka ministers who were allegedly caught on camera watching porn on a cellphone in the state Assembly have resigned. Chief Minister Sadananda Gowda, of the BJP, has said he has forwarded the resignations to the Governor.

Published On: February 8, 2012 | Duration: 11 min, 19 sec

Rachel Maddow: Message to GOP: Dont pick on Clint Eastwood

Rachel Maddow: Message to GOP: Dont pick on Clint Eastwood
Ad in Super Bowl by Clint Eastwood - "Half time America".

Rachel Maddow: Hoekstras Chinese straw man could thank Hoekstra for US debt

Rachel Maddow: Hoekstras Chinese straw man could thank Hoekstra for US debt

American Deficit spending is only 8% ($1.1 T) Chinese and 6.9% Japanese($1T) and most of it was built on actions Pete Hoekstra has voted for.

Rachel Maddow: Can Obama drown out GOP negativity with roaring engines?

Rachel Maddow: Can Obama drown out GOP negativity with roaring engines?

Clint Eastwood's Super Bowl Ad - "It is halftime America". It has pissed off conservative Republicans including Karl Rove.

Second phase of telecom revolution yet to come: Sam Pitroda: CNN-IBN Videos

Second phase of telecom revolution yet to come: Sam Pitroda: CNN-IBN Videos:

'via Blog this'

Rachel Maddow: Romney misspeaking heard clearly by voters

Rachel Maddow: Romney misspeaking heard clearly by voters:

Romney flummoxed due to economy getting better, by the day. He is attempting time and again doing the flip flops.

'via Blog this'

Ministry shielding officers in Airbus deal? --Videos India:IBNLive Videos

Ministry shielding officers in Airbus deal? --Videos India:IBNLive Videos:

$175 Million compromised in Air Bus procurement deal.

'via Blog this'

Can the UPA govt shirk responsibility for the 2G mess? --Videos India:IBNLive Videos

Can the UPA govt shirk responsibility for the 2G mess? --Videos India:IBNLive Videos:

Supreme Court cancels 122 2G licenses.

Prashant Bhusan / Gopal Jain / Prananjay Guhathakurta /Mahesh Jethmalani / Minister of State for communication /

Suhel Seth /

Feb 2, 2012

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We're Not Broke Movie

We're Not Broke Movie:

1:29 min

'via Blog this'

Colbert super PAC discloses $1 million in donations - Jan. 31, 2012

Colbert super PAC discloses $1 million in donations - Jan. 31, 2012:

By Charles Riley @CNNMoney January 31, 2012: 5:31 PM ET

Colbert on the campaign trail.

NEW YORK (CNNMoney) -- Stephen Colbert's super PAC is working with some serious cash.

Americans For A Better Tomorrow, Tomorrow reported Tuesday that it has raised $1,023,121, according to a document filed with the Federal Election Commission.

An addendum to the disclosurecontained language from Colbert that is not usually included in FEC reports.

"Yeah! How you like me now, F.E.C? I'm rolling seven digits deep! I got 99 problems but a non-connected independent-expenditure only committee ain't one!" Colbert said.

The primary disclosure form, which runs through Dec. 31, lists donations of $825,475, which means Colbert raised almost $200,000 in the month of January alone.

In a statement posted to the super PAC's website, Colbert said the money had been raised "in full accordance with the law."

"It's the way our founding fathers would have wanted it, if they had founded corporations instead of just a country," Colbert said.

Most donations to the super PAC were under $250, but disclosure forms list some interesting donors who chose to give more. (Campaign finance the Stephen Colbert way.)

A $500 donation from Gavin Newsom, the Lieutenant Governor of California, is listed.

"I applaud Stephen Colbert exposing the absurdity of our current political financing system. I'm proud to support Colbert's message with a donation. And I like his haircut," Newsom said in a statement.

Adding a touch of star power, an actor named Bradley Whitford gave $250. It could not be immediately confirmed that the West Wing star did in fact donate.

A Rolling Stones tribute band called the Sticky Fingers Band gave $400. The band bills itself as "the greatest rock and roll tribute band in the world" on its website.

Colbert has spent the better part of a year using his show on Comedy Central to take viewers on a tour of the opaque world of campaign finance law. (Where the money is: A campaign spending primer.)

Armed with the ability to accept unlimited sums of money from corporations, unions, associations and individuals, Colbert's super PAC has set about doing what other super PACs do: spending unlimited sums to overtly advocate for or against political candidates.

Americans for a Better Tomorrow, Tomorrow ran ads in advance of the Iowa straw poll touting the candidacy of "Rick Parry."

And while Colbert hit the campaign trail in South Carolina, the super PACran ads that referred to Mitt Romney as "Mitt the ripper."

"If Mitt Romney really believes corporations are people," the ad said, "then Mitt Romney is a serial killer."

In one episode, Colbert enlists his lawyer, Trevor Potter, to create a tax-exempt 501(c)(4) so that he can obtain secret donations in a "completely transparent" way.

"Can I take this (c)(4) money and donate it to my super PAC?" Colbert asked after signing paperwork that registered the shell corporation in Delaware. "You can," Potter said.

The camera then cuts to Colbert, whose face displayed a look of total shock. "Wait," Colbert said. "What is the difference between that and money laundering?"

First Published: January 31, 2012: 11:11 AM ET