Morphizm Main

Present Tense
David Gedge and The Wedding Present are coming straight outta L.A. on El Rey: MORE

Spaced Out
Jason Pierce has a thing for fire. So together we poured gasoline on Spiritualized: MORE

Meowwww!!
From slicing up cat dicks to signing up Fonzi, Big Tobacco has pulled some weird science: MORE On the Beach
Dream pop standouts Beach House are catching heat. But can they catch fire live? MORE

Stipe On Speed
R.E.M.'s thrash attack has gone into hyperdrive on the brilliant Accelerate. Stipe tells us the targets: MORE

Slugs 4 Obama!
Atmosphere's When Life Gives You Lemons... is all about the hope. And so is Obama: MORE

I Say God Damn!
What's left unspoken in the Obama flap is this: Has God blessed America recently? MORE Ass Out!
Assy McGee is one hell of a cop from hell. So where are his arms? Our interview explains: MORE

Miss Fortune
China's Olympic intrigue has reached critical mass. Who says politics and sports don't mix? MORE

Nirvana's Son
Kurt Cobain: About a Son is out on DVD. Its peek into bipolar stardom is still hard to watch: MORE

Betrayed?
Boxing legend Joe Louis gave body and soul to God and country. Did they repay the favor? MORE

Taxi!
Those in need of war films are scoping the wrong Oscar bait. Try the Dark Side: MORE

Pro Choice
Clinton or Obama? Good question. Now, all you have to do is answer it, and wisely: MORE

In Cold Blood
Rick Geary creates comics that paraphrase history without passion. Our interview explains: MORE

RIP, Prof
Kashmere pioneer Conrad Johnson has passed. But his upstart funk still lives on: MORE

Past Proust
Adapting one of canon lit's most knotted yarns into a comic just might work. Wait, it did: MORE

Disowned!
The housing collapse is a failure of white-collar proportions. Klein saw it coming: MORE

Trash It!
Is your home worth less than your mortgage? Then walk away, baby. Just walk away: MORE

Dystopia Drift
Unembedded journo Dahr Jamail has seen Beyond the Green Zone. And it's looking ugly: MORE

Best of 2007
El-P's I'll Sleep When You're Dead was the most brutally honest music of the year: MORE

Fed Up
Bernanke's rate cuts won't stop the bleeding. It will just cover up the tracks. Thanks, Greenspan! MORE

Beat This!
Ike Turner has passed on. But Morphizm's last interface with the funk maestro never will: MORE

Hyperrealist
Karl Rove now says Congress rushed Bush into war with Saddam. Revise your textbooks! MORE

Shop or Die
The Kubler-Ross Model works for death, but it also works for the mall. Even around the Bratz: MORE

The Fixer
Gordon Brown is a go-to guy if you're a lobbyist. Or a fan of Rupert Murdoch: MORE

Guns, Green?
The market has spoken, says Naomi Klein. And it wants bullets rather than renweables: MORE

Pak Attack!
Musharraf may be Bush's nightmare, but he started out as Clinton's daydream: MORE

TomorrowSci!
From pain rays and flying cars to innovations to save our sorry hides from climate change, tomorrow science is here today: MORE

Not a Moralist
The Serbian photographer Boogie has seen his fair share of the global underworld. Good thing he took pictures: MORE

Party's Over
Serj Tankian's debut solo effort Elect the Dead says civilization is over. So why is he smiling? Our interview explains: MORE

The Perv
Pakistan dictator Pervez Musharraf has declared martial law and suspended the constitution. Who's surprised? MORE

God is Bond
Barry Bonds isn't the only sports superstar who points to the Man Upstairs when he scores. Piety has gone viral: MORE

Hypermarket
From plunging dollars to skyrocketing oil, the hyperreal American economy is due for a real-time ass-kicking: MORE

Pin is Back
It's been a long time since the stunning Summer in Abaddon. Good thing Autumn of the Seraphs is on the way: MORE

Ignore Nothing
Indie-hop titan El-P's newest epic I'll Sleep When You're Dead is filled with biohazardous truth. So is he: MORE

Sicko 'Em!
Whatever. Michael Moore's new movie on the corrupt American healthcare system is good for you: MORE

Water For War
If you think the clusterfuck for oil is scary, just wait until we're more worried about H2O than CO2: MORE

Altered States
Don't know much about global warming? Keep it that way. Trust us, you don't wanna know more than that: MORE

Pelican Echoes
If you think wordless metal can bring noise but not brains, we talked to a band that wants to talk to you: MORE

Steampunker
Rasputina has finally embraced the War on Terror in Oh Perilous World. What took so long? We asked: MORE

Osama's Diary
It's a stone cold Morphizm classic. And it will still make you cry. Almost as if it was real. Really: MORE

Slice and Dice
Cake blew up with a cover song, but they're even better at blasting "War Pigs." Our interview explains: MORE

Gaza Lab
Israel. Hamas. Fatah. What the? Gaza is looking less like a prison and more like a petri dish every day: MORE

BagCalgary
Fronts in the War on Terror are shifting. Which means Canada's oil sands are up next for a global warming: MORE

Crow's Nuts
The indie Tony Millionaire strip Maakies is at last making the legit jump to Adult Swim. Bottoms up, sailor: MORE

Vulture Funds
You've got to get in on this one. You buy $5 million in Third World debt relief, then sue for $50 million. Suckers buy it every time: MORE

DIY or Die
Art-punk corn dogs The Minutemen were brazen heroes. It's about fucking time someone gave them a biopic: MORE

Not a Slave
300 director Zack Snyder may be a friend to CGI, but he knows when to leave it alone. Our interview explains: MORE

Physics of Iraq
What goes up must come down and what gets jacked must come back. Ask the British. While you're at it, go ask Icarus: MORE

A Bit Awkward
The Pixies' doc loudQUIETloud captured the band selling out stadiums and ignoring each other. Our interview explains: MORE

Total Chaos
According to our interview with journo and author Jeff Chang, the hip-hop arts movement is far from dead: MORE

Get Truthy!
Stephen Colbert's vivisection of the stoopid Republican machine is an example of linguistics at its ballsiest. Suck on it: MORE

Cry Wolfie
Let's not drink the Kool-Aid. The World Bank was fucked up long before fuckup Paul Wolfowitz took over: MORE

Object: War
Our hyperreal narrative in Iraq is in search of an ending. Will the American people write one before it's too late? MORE

Good Machines
In these liner notes excerpts from his compilation Fuzzy Warbles, XTC architect Andy Partridge's love of tech goes haywire: MORE

Torture Works
Is it just us? Or is the tight-lipped Bush administration's call to torture for information more than ironic? Hey, wait: MORE

Go Fuck Yourselves
President Bush's speech on the war's escalation revealed much. Including how little he cares about...well, everyone: MORE

"How My Brain Works"
From sci-fi to hip-hop, Michel Gondry has a gift for visual invention. And we have a lot of questions for him: MORE

When PNAC Attacks!
Get to know your well-heeled presidential family and other comb-lickers in this excerpt from Fanta's comic Bush Junta: MORE

I'm the Distorter
Sure, the Democrats may have taken over Congress, but the Bush administration hasn't blinked on Iraq. And it never will: MORE

Trial of Trials
Jose Padilla was once a terrorist. Now he's putting U.S. torture policy on trial. Only in America: MORE

Garrison State
Muslims rioting. Americans killing. Too bad no one's made a film called Why We Fight. Wait, Eugene Jarecki has! MORE

Guilin
"The smell of damp earth that hangs over Guilin will surrender, and join the cosmopolis cropping up along the Li:" MORE

Game/Theory
"In the cinematic fashion of the dying antihero, I expired while reading the stars. Coordinates on a grid of contested terrain": MORE

Fanta Goes Beastly
A comics powerhouse compiles a massive tome on our collective nightmares. Vampire and Harpy haters beware: MORE

Shit Happens. Real Fast.
In our continuing exegesis on exponology, China explodes and Antarctica's demise accelerates: MORE

Exponology
The planet is heating at an exponential rate. But what is the exponent, and who are the people spinning it? Enter Morphizm's formative science, awaiting your learned modification: MORE

Panther Power
Fuck Hoover's race paranoia. The Black Panthers have survived, from Marvel comics to hip-hop to a loud ass protest near you: MORE

Surfing With Rosa
In honor of the Pixies doc, Morphizm pays homage to their Surfer Rosa/Come On Pilgrim split, an enduring classic: MORE

Wednesday, June 20, 2007

 

Hunting Giuliani's Favorite Vulture

[More from Greg Palast, this time on vulture funds, which Palast investigator Matt Pascarella wrote about for Morphizm awhile back. This time around, Palast teams up with Air America personality Randi Rhodes to out one particularly distasteful profiteer trying to fuck Africa out of hundreds of millions while using the profits to help make total dork Rudy Guiliani president of America. Truth is stranger than fiction. -- ST]

Hunting Giuliani's Favorite Vulture
[by Greg Palast]
"Can't he make a living in a more reputable, less disgusting way, say, in child pornography?" Randi Rhodes is asking you, Mr. Singer. And we're still waiting for the answer.

Paul Singer is a vulture. And a billionaire. And, with his underlings at Elliott Associates, the number one sugar-daddy donor to the presidential campaign of Rudy Giuliani, dropping $168,400 so far and, according to secret campaign documents, committed to raise $10 million for Rudolf the Great, Emperor of 9/11.

So who is this bird of prey Singer who holds Rudy in his beak?

Unlike feathered predators, Singer preys on the living. Singer figured out a way to siphon off funds intended for debt relief to some of the poorest countries in the world. Nice guy.

And by the way, I didn't come up with the moniker "vulture." Just about everyone, from the new Prime Minister of Britain to the World Bank, calls Singer and his ilk "vultures."

Here's how a vulture operation works. The vulture fund buys up the debt of poor nations cheaply when it is about to be written off and then sue for the full value of the debt plus interest -- sometimes more than ten times what they paid for it. Singer, for example, paid just $10 million for Congo Brazzaville's debt and is now suing for over $400 million.

Singer knew he'd turn a 1000%-plus profit on his $10 million investment with George Bush's help.

Bush convinced the US Congress to forgive the money Congo owes the US taxpayer, but once the US taxpayer forgives Congo's debt, the vulture, Singer, swoops in with lawyers to claim, "Congo now has the money to pay ME."

But wait a minute -- the debt money given up by US taxpayers wasn't supposed to go to Rudy's predator Singer. In fact, the US Constitution provides power to the President to stop vultures from suing a foreign country in a US court if the President states such a private lawsuit interferes with America's foreign policy.

Singer, by suing Congo for the taxpayer money meant for debt relief and medicine, is interfering with US foreign policy. Yet Bush has done nothing.

While the President has made big speeches about debt relief for Africa and has even had his picture taken with a Bono, he won't get in the way of Singer's talons. One wonders if the President is influenced by Mr. Singer's strong support for debt relief, that is, debt relief for the Republican Party. The world's top vulture has become top donor to the GOP in New York.

Singer's not alone. He's joined in tearing at the flesh of the Congo's poor by a Washington operator named Michael Francis Sheehan. Sheehan is also known as "Goldfinger."

Besides joining Singer in attacking Congo, Goldfinger has also taken a piece of the debt relief earmarked for AIDS medicine for Zambia. Goldfinger paid $4 million for the right to collect on Zambia's debt -- and just won $22 million from Zambia in a UK court, half that nation's debt relief. Goldfinger was able to seize that money because, he boasts in an email, he secretly paid $2 million to the "favorite charity" of Zambia's president. (That former President, Frederick Chiluba, is now under arrest for taking bribes ... but Goldfinger can still collect his pound of flesh.)

Want to hear more about Rudy's and George's favorite financial predators? About Chiluba's taste in shoes (he spent one million dollars in a single shop)? About Goldfinger and the man who hold the mortgage on President Giuliani?

Greg Palast is the author of the New York Times bestseller, ARMED MADHOUSE. Palast and his team are investigating the 'Vultures' for BBC Television Newsnight.

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