Category Archives: Halliburton

Unfair to Halliburton? Our WTF moment for this week.

Jeff Sessions, asshole  for Alabama said that about Al Franken’s amendment to the defense appropriation bill recently voted on. From Politico:

Sen. Al Franken (D-Minn.) offered an amendment to the Defense Appropriations bill that would withhold defense contracts to companies who prevent victims from filing lawsuits against sexual assault and harassment.

Franken proposed the amendment after hearing the story of Jamie Leigh Jones, who alleges that she was brutally raped while working a contractor for Halliburton/KBR in Iraq.

But Jones was unable to press charges in court because her defense contract stipulated that any such allegations can only be heard in private arbitration.

Franken’s amendment, which passed 68-30, received the support of 10 Republican senators. However, most Republicans opposed the amendment because it went against the wishes of the Defense Department, and argued it gave Congress too much influence in altering defense contracts.

I can not believe that even Rethugs would put the needs of Halliburton and KBR ahead of human beings, specifically women, on this issue. I can not believe it. But then..I can, ya know?

Fucking douche nozzles like Vitter and Sessions need to spend a month in a worker for KBR and Halliburton. Fucking pigs..make me physically ill. From Current, a list of the fuckwits and fucktards that put corporate needs above human needs:

Franken’s amendment ended up passing, 68-30. Here’s a list of the Senators who showed broad support for Roman Polanski by voting against it:

Alexander (R-TN)
Barrasso (R-WY)
Bond (R-MO)
Brownback (R-KS)
Bunning (R-KY)
Burr (R-NC)
Chambliss (R-GA)
Coburn (R-OK)
Cochran (R-MS)
Corker (R-TN)
Cornyn (R-TX)
Crapo (R-ID)
DeMint (R-SC)
Ensign (R-NV)
Enzi (R-WY)
Graham (R-SC)
Gregg (R-NH)
Inhofe (R-OK)
Isakson (R-GA)
Johanns (R-NE)
Kyl (R-AZ)
McCain (R-AZ)
McConnell (R-KY)
Risch (R-ID)
Roberts (R-KS)
Sessions (R-AL)
Shelby (R-AL)
Thune (R-SD)
Vitter (R-LA)
Wicker (R-MS)

ADDENDUM: It’s been pointed out to me that the U.S. Chamber of Commerce lobbied against the Franken amendment as well:

Republicans point out that the amendment was opposed by a host of business interests, including the U.S. Chamber of Commerce, and applies to a wide range of companies, including IBM and Boeing.

I guess we must cover up crimes like rape in order to save capitalism.

I guess capitalism IS more important than human rights for the bags of batshit above. 

Now we know why Halliburton dumped KBR

From the NYT a snippet to pique your interest:

Federal investigators have uncovered what they describe as a sweeping network of kickbacks, bribes and fraud involving at least eight employees and subcontractors of KBR, the former Halliburton subsidiary, in a scheme to inflate charges for flying freight into Iraq in support of the war, according to court papers unsealed yesterday.

The latest conviction in the cases related to the scheme came yesterday, when a former Houston-based executive for an air-freight carrier hired by KBR pleaded guilty in federal district court to dispensing bribes and then lying to federal investigators. The executive, Kevin Andre Smoot, 43, of The Woodlands, Tex., served as a managing director for Eagle Global Logistics Incorporated, a carrier that received a subcontract from KBR to ship the freight.

The guilty plea by Mr. Smoot is the second by an Eagle executive in the case. But the papers describing his plea indicate that investigators believe at least one more Eagle employee and five KBR employees, all so far unnamed, were also involved. Mr. Smoot alone admitted to delivering bribes, called gratuities in the legalistic language of the court papers, to the employees of KBR on some 90 occasions between 2002 and 2005.

At the core of the case is a contract that KBR, previously known as Kellogg, Brown & Root, won before the war to supply the American military with food, fuel, housing and other necessities. The value of the contract soared with the Iraq invasion, and has so far paid KBR some $20 billion.

This is the tip of the iceberg. The MSM needs to be all over this crap..the 24/7 News screamers do too. Frankly, this made me yawn and say..bfd, where the hell you folks been for the last 6 years???

The real question complicit are the federal fuckwits?

Tags: , , the troops meals and their own books.

Once again those crooked bastards at the federal government’s biggest contractor have been caught with their pudgy hands in the cookie jar. A former employee, former director of technical accounting research and training, Anthony Menendez, alleges that Halliburton reported “billions” of revenue from sales before the sales ever happened.

Why is this wrong? Well the SEC had this to say on the practice a while back:

For companies to recognize revenue before delivery, “the risks of ownership must have passed to the buyer,” the SEC’s staff wrote in a 2003 accounting bulletin. There also “must be a fixed schedule for delivery of the goods,” and the product “must be complete and ready for shipment,” among other things.

Sitting on a Halliburton back dock doesn’t mean the ownership has been ‘passed to the buyer’. But what the hell, Halliburton puts in ‘on the books’ anyway.

Jonathan Weil at Bloomberg has an OpEd up about this topic and TPMmuckraker does as well. From Weil’s piece:

Menendez, who now works as a consultant, also accuses Halliburton of improper accounting for income taxes, off-balance- sheet entities and foreign-currency adjustments. Court records show he first alerted the SEC’s enforcement division in November 2005, three months before he complained to Halliburton’s audit committee.

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