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Politics : PRESIDENT GEORGE W. BUSH -- Ignore unavailable to you. Want to Upgrade?

To: PROLIFE who wrote (286873)	8/14/2002 6:36:07 PM
From: Thomas A Watson	Read Replies (1) \| Respond to of 769670

Some folks get upset when the President does not spend money on their relatives. Poor flappy, the President will not spend money on worms. I can understand why flappy is so upset. And then we have all of flappies union buds who did not cut him in...... Union Leaders Accused of Profiting From Insider Trading Jeff Johnson, CNSNews.com Thursday, Aug. 15, 2002 WASHINGTON - A non-profit group that fights forced unionization and illegal political uses of union dues filed an unfair-labor-practices complaint this week against a company that provides life and health insurance products to union members. National Right to Work Legal Defense Foundation (NRTW) alleges that Union Labor Life Insurance Co. Inc. (ULLICO) allowed top union leaders to profit from insider information through a "scheme" NRTW compared to the questionable accounting practices recently exposed at a number of U.S. corporations. The complaint was filed with the National Labor Relations Board. NRTW alleges that among those who personally profited from the stock transactions were Morton Bahr, president of Communications Workers of America; Douglas McCarron, president of United Brotherhood of Carpenters; and Martin Maddaloni, president of United Association of Plumbers and Pipefitters. Exploiting the Proletariat - Just Like Enron "These guys got rich, basically, off the workers they're supposed to be protecting," said Dan Cronin, spokesman for NRTW. "This is exactly what Enron did." Calls to United Brotherhood of Carpenters and United Association of Journeymen and Apprentices of the Plumbing and Pipe Fitting Industry were not answered. ULLICO and Communications Workers of America refused to comment on NRTW's allegations. The NRTW complaint alleges that the union leaders and other members of ULLICO's board of directors were advised to buy 4,000 shares of the company's stock in 1999 for $53.94 a share, at the urging of ULLICO President Robert Georgine. In May 2000, according to the complaint, the board voted to inflate the value of ULLICO's stock to $146 a share. The vote was taken, NRTW alleges, despite the questions about the true value of the stock. Because ULLICO is not a publicly traded company, it has the option of determining the value of its stock, Cronin explained. Global Crossing Again ULLICO's stock value was predicated in part on the company's investment in Global Crossing, a company whose stock had already started to fall due to rumors of questionable business practices. In November 2000, the ULLICO board members allegedly authorized the repurchase of the stock they had bought in 1999, at a nearly 100 percent profit, NRTW complained. Other shareholders, however, were allowed to sell only a small part of their holdings. ULLICO shares had dropped to $74 in the spring of 2001, when NRTW alleges the company allowed the holders of union pension funds invested in ULLICO, to sell their shares. "By allowing themselves to liquidate their personal holdings at an inflated price, ULLICO's board of directors made significant profits to the direct detriment of others who had invested in ULLICO," NRTW said in a statement. Cronin said the charges are especially stinging because of oft-heard claims by union officials that they are the only ones who can protect workers' rights. "Saying these guys are the guardians against corporate greed is like having Bobby Knight run an anger management class," said Cronin, referring to the former Indiana University basketball coach fired for his volatile temper. newsmax.com

To: PROLIFE who wrote (286873)	8/14/2002 9:45:11 PM
From: Mr. Whist	Read Replies (1) \| Respond to of 769670

Re: "Why not find out some of the items that the Democrats were trying to slip by in that bill?" OK. From the article that Baldur posted: "But Congress (note that it says "Congress" and not "Democrats") also attached an array of non-terrorism-related spending to the measure, including: -- $400 million for election reform. -- $200 million for combatting AIDS, tuberculosis and malaria overseas. -- $50 million for flood prevention and response. -- More than $1 billion for the Defense Department for National Guard and Reserve units, for chemical demilitarization and for classified projects. I guess it's the "election reform" money that Georgie Boy objects to.