My first assignment was to write a policy brief about presidential war powers. I was removed from the project after I wrote a draft that began with the observation that the U.S. constitution divides war powers between Congress and the president, and gives the most important war powers — the power to declare war and to fund it — to Congress. The higher-ups at Heritage reassigned the paper to a Wall Street Journal staffer, who provided them with what they wanted: a brief arguing that the president has absolute, uncontrollable power in foreign affairs.
Hewlett-Packard Co. said Tuesday that it had taken an $8.8 billion accounting charge, after discovering ‘‘serious accounting improprieties’’ and ‘‘outright misrepresentations’’ at Autonomy Corp., a British software maker that it bought for $10 billion last year.
It is a major setback for a struggling HP. The charge essentially wiped out its profit. In the latest quarter, HP reported a net loss of $6.9 billion, compared with a $200 million profit a year earlier.
The company said the improprieties and misrepresentations took place just before the acquisition and accounted for most of the charges in the quarter, more than $5 billion.
I wonder how they did their due diligence…
(For those who haven’t followed it, this is in the context of the conviction of the guy who “hacked” AT&T’s servers to access publicly accessible but not-meant-to-be-public records.)
(And of course you should be wary of proof-by-analogy; it’s easy to provide analogies that will argue the opposite conclusion.)
It has become an increasingly large problem that Visa, MasterCard, and Paypal control the valve to any money flow on the planet. Today, the European Parliament established this as a clear problem, and initiated regulation of the companies, limiting and strictly regulating their right to refuse service. The Pirate Party was the initiator of this regulation, following the damaging cutoff of donations to WikiLeaks after said organization had performed journalism that was embarrassing to certain governments.
In the week leading up to this initiation of regulation, banks in Sweden were caught in the act of arbitrarily discriminating against fully legal business owners that the banks claimed sold (according to the banks) “questionable products” like horror movies, movies with nudity, or sex toys; meanwhile, these same banks happily channeled stock in corporations under investigation of genocide. When pressed on the matter, the banks referred to vague rules from Visa and MasterCard – who are apparently in a position to shut down any business or organization on the planet they don’t agree with for any reason. This is an obvious and severe problem.