Obama Speaks at National Prayer Day Breakfast

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THE PRESIDENT:  Thank you.  Please, please, everybody have a seat.  Well, good morning, everybody.  It is good to be with so many friends united in prayer.  And I begin by giving all praise and honor to God for bringing us together here today.

I want to thank our co-chairs Mark and Jeff; to my dear friend, the guy who always has my back, Vice President Biden.  (Applause.)  All the members of Congress –- Joe deserves a hand –- all the members of Congress and my Cabinet who are here today; all the distinguished guests who’ve traveled a long way to be part of this.  I’m not going to be as funny as Eric — (laughter) — but I’m grateful that he shared his message with us.  Michelle and I feel truly blessed to be here.

This is my third year coming to this prayer breakfast as President.  As Jeff mentioned, before that, I came as senator.  I have to say, it’s easier coming as President.  (Laughter.)  I don’t have to get here quite as early.  But it’s always been an opportunity that I’ve cherished.  And it’s a chance to step back for a moment, for us to come together as brothers and sisters and seek God’s face together.  At a time when it’s easy to lose ourselves in the rush and clamor of our own lives, or get caught up in the noise and rancor that too often passes as politics today, these moments of prayer slow us down.  They humble us.  They remind us that no matter how much responsibility we have, how fancy our titles, how much power we think we hold, we are imperfect vessels.  We can all benefit (more…)

Full Text of Obama’s Third State of Union Speech

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(This is the text of President Obama’s State of the Union Speech on January 24, 2012)

As Prepared for Delivery –

Mr. Speaker, Mr. Vice President, members of Congress, distinguished guests, and fellow Americans:

Last month, I went to Andrews Air Force Base and welcomed home some of our last troops to serve in Iraq. Together, we offered a final, proud salute to the colors under which more than a million of our fellow citizens fought — and several thousand gave their lives.

We gather tonight knowing that this generation of heroes has made the United States safer and more respected around the world. For the first time in nine years, there are no Americans fighting in Iraq. For the first time in two decades, Osama bin Laden is not a threat to this country. Most of al Qaeda’s top lieutenants have been defeated. The Taliban’s momentum has been broken, and some troops in Afghanistan have begun to come home.

These achievements are a testament to the courage, selflessness, and teamwork of America’s Armed Forces. At a time when too many of our institutions have let us down, they exceed all expectations. They’re not consumed with personal ambition. They don’t obsess over their differences. They focus on the mission at hand. They work together.

Imagine what we could accomplish if we followed their example. Think about the America within our reach: A country that leads the world in educating its people. An America that attracts a new generation of high-tech manufacturing and high-paying jobs. A future where we’re in control of our own energy, and our security and prosperity aren’t so tied to unstable parts of the world. An economy built to last, where hard work pays off, and responsibility is rewarded.

We can do this. I know we can, because we’ve done it before. At the end of World War II, when another generation of heroes returned home (more…)

Bank of America Making Profit on Unemployment Benefits

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Published on Monday, November 14, 2011 by ThinkProgress

by Marie Diamond

Late last month, a national backlash forced Bank of America to abandon its plan to charge customers $5 a month to use their debit cards. But Huffington Post reports that the corporation has quietly been mining other sources of fees, preying on its most vulnerable customers to rake in millions in revenue. Shawna Busby does not seem like the sort of customer who would be at the center of a major bank’s business plan. Out of work for much of the last three years, she depends upon a $264-a-week unemployment check from the state of South Carolina. But the state has contracted with Bank of America to administer its unemployment benefits, and Busby has frequently found herself incurring bank fees to get her money.

To withdraw her benefits, Busby, 33, uses a Bank of America prepaid debit card on which the state deposits her funds…Busby visits the ATMs in her area and begrudgingly accepts the fees, which reach as high as five dollars per transaction. She estimates that she has paid at least $350 in fees to tap her unemployment benefits. [...]

In short, the same banks whose speculation delivered a financial crisis that has destroyed millions of jobs have figured out how to turn widespread unemployment into a profit center: The larger the number of people (more…)

Obama Administration Discourages Gaza Protest Flotilla

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By Stephen Zunes, June 30, 2011

The Obama administration appears to have given a green light to an Israeli attack on an unarmed flotilla carrying peace and human rights activists — including a vessel with 50 Americans on board — bound for the besieged Gaza Strip. At a press conference on June 24, Secretary of State Hillary Clinton criticized the flotilla organized by the Free Gaza Campaign by saying it would “provoke actions by entering into Israeli waters and creating a situation in which the Israelis have the right to defend themselves.”

Clinton did not explain why a country had “the right to defend themselves” against ships which are clearly no threat. Not only have organizers of the flotilla gone to great steps to ensure are there no weapons on board, the only cargo bound for Gaza on the U.S. ship are letters of solidarity to the Palestinians in that besieged enclave who have suffered under devastating Israeli bombardments, a crippling blockade, and a right-wing Islamist government. Nor did Clinton explain why the State Department suddenly considers the Mediterranean Sea off the coast of the port of Gaza to be “Israeli waters,” when the entire international community recognizes Israeli territorial waters as being well to the northeast of the ships’ intended route.

The risk of an Israeli attack on the flotilla is real. Israeli commandoes illegally assaulted a similar flotilla in international waters on May 31 of last year, killing nine people on board one of the vessels, including Furkan Dogan, a 19-year old U.S. citizen. Scores of others, including a number of Americans, were brutally beaten (more…)

Concentration of Wealth Has Corrupted Politics

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Published on Tuesday, March 8, 2011 by RobertReich.org

The Birth of the People’s Party?

by Robert Reich

Look at the outrage in Madison, Wisconsin. Look at the crowds in DesMoines, Iowa. Look at the demonstrations in Indiana and Ohio and elsewhere around America.

Hear what they’re saying: Stop attacking unions. Stop making scapegoats out of public employees. Stop protecting the super-rich from paying their fair share of the taxes needed to keep our schools running.

Stop gutting the working middle class.

Are we finally seeing average Americans stand up and demand a fair shake in an economy now grotesquely tilted toward the wealthy and the privileged? Are Americans beginning to awake to the fact that our economy now delivers a larger share of total income to the very top than at any time in living memory? That big corporations are making more money and creating more jobs abroad than in the United States?

That this concentration of income and wealth has so corrupted politics (more…)

Dave Coupal Nails the DeChristopher Trial in Tribune Forum Letter—There Is No Justice If Noel Is Not Charged!

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The following letter written by Dave Coupal of Cottonwood Heights was published in The Salt Lake Tribune Public Forum Section, March 2, 2011.

by Dave Coupal, Cottonwood Heights

Those who engage in civil disobedience must be willing to pay the price and serve their time in jail (“Jury is set for DeChristopher trial,” Tribune, Feb 28). If convicted, perhaps Tim DeChristopher can share a cell with that other Utah agitator who disobeyed a law: state Rep. Mike Noel, R-Kanab. They both would surely benefit from a little time hearing from someone on the opposite side of the environmental issue.

I assume Noel will have a longer stay, since his illegal protest stunt of driving his all-terrain-vehicle up the restricted Wilderness Study Area of the Paria River did permanent damage to our publicly owned lands; whereas, DeChristopher just annoyed some energy producers.

By the way, when will the jury be set for the Noel trial?

Dave Coupal

LDS Religious Trio Triangulates Science on Same Sex Attraction

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By Dennis V. Dahle, John P. Livingstone and M. Gawain Wells

Published: February 25, 2011 07:38AM

In his recent guest column (“Anti-science views of faith leaders cause concerns,” Opinion, Feb. 8), R. Dennis Hansen correctly points out that religion and science need not be at odds, but in our view draws the wrong conclusion that they are at odds to begin with, or that religion is the problem.

Alert! Alert! There is so much drivel in this ‘thesis’ that it isn’t worthy of point-by-point rebuttal. These three authors are involved with what they call the Foundation for Attraction Research. It is a transparent fraud. Go to its web page and it is readily seen that it is a very small and tight knit group of pseudo scientists who begin with a predetermined belief and set out to prove their hunches right. The problem with their hunches is that they are all based on religious fables.

They are not seeking riches or gold or the praise of the world. They are seeking the adoration of their church apostles and their devout neighbors and friends. They are looking to get praised in church every Sunday morning. They particularly want to come to the defense of one of The Twelve, Boyd K. Packer, to try (more…)

McGovern Gives Account of His Protest Arrest During Hillary’s Speech

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Published on Wednesday, February 23, 2011 by CommonDreams.org The Push of Conscience & Secretary Clinton
by Ray McGovern
It was not until Secretary of State Hillary Clinton walked to the George Washington University podium last week to enthusiastic applause that I decided I had to dissociate myself from the obsequious adulation of a person responsible for so much death, suffering and destruction.

I was reminded of a spring day in Atlanta almost five years earlier when then-Defense Secretary Donald Rumsfeld strutted onto a similar stage to loud acclaim from another enraptured audience.

Introducing Rumsfeld on May 4, 2006, the president of the Southern Center for International Policy in Atlanta highlighted his “honesty.” I had just reviewed my notes for an address I was scheduled to give that evening in Atlanta and, alas, the notes demonstrated his dishonesty.

I thought to myself, if there’s an opportunity for Q & A after his speech (more…)

How Bad Is It! Let’s Count the Ways

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Published on Monday, February 21, 2011 by CommonDreams.org

How Bad Is It?

by Robert Freeman
This must be what it’s like when a country goes insane, when it falls down a rabbit hole and tries to pretend that everything is normal.

It can’t tell truths from lies. Hucksters pose as upright men, and people imagine they are Solons, avatars of insight come down from the ages. Sleazy operators pass themselves off as statesmen, as thinkers of deep gravitas, and the crowds, unable to distinguish sanctimony from sincerity, bravado from bullshit, lap it up.

Let’s be clear. It was the Republicans who wrecked the economy. Both their people and their policies drove the economy into the ditch. They wrecked the economy not once, but twice in the last eighty years.

So Republicans condescending to instruct Americans about how to fix the economy is like the captain of the Titanic lecturing shipping operators about safe procedures for navigating the north Atlantic. No sane society would tolerate it. But this one does.

How bad is it this time?

Six million people have lost their jobs. Twenty five million are underemployed. Many will never work again. Eight trillion dollars of middle class wealth has been destroyed in the housing collapse. One out of four mortgage holders are under water, owing more on their home than it’s worth. Fifty million people are living in poverty. One out of eight Americans are on food stamps. One of every two children will be on food stamps at (more…)

While Hillary Condemns Other Governments for Arresting Protesters, A Silent Protester at Her Speech Is Bloodied and Hauled Off to Jail! “So This Is America”

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From the Partnership for Civil Justice:

As Secretary of State Hillary Clinton gave her speech at George Washington University yesterday condemning governments that arrest protestors and do not allow free expression, 71-year-old Ray McGovern was grabbed from the audience in plain view of her by police and an unidentified official in plain clothes, brutalized and left bleeding in jail. She never paused speaking. When Secretary Clinton began her speech, Mr. McGovern remained standing silently in the audience and turned his back. Mr. McGovern, a veteran Army officer who also worked as a C.I.A. analyst for 27 years, was wearing a Veterans for Peace t-shirt.

Blind-sided by security officers who pounced upon him, Mr. McGovern remarked, as he was hauled out the door, “So this is America?” Mr. McGovern is covered with bruises, lacerations and contusions inflicted in the assault.

Mr. McGovern is being represented by the Partnership for Civil Justice Fund (PCJF). “It is the ultimate definition of lip service that Secretary of State Clinton would be trumpeting the U.S. government’s supposed concerns for free speech rights and this man would be simultaneously brutalized and arrested for engaging in a peaceful act of dissent at her speech,” stated attorney Mara Verheyden-Hilliard of the PCJF.

Mr. McGovern now works for Tell the Word, a publishing arm of the ecumenical Church of the Saviour in the Adams Morgan neighborhood of Washington, D.C.

Under Pressure, FTC Bagged Multi-Level Marketing Disclosure Rule

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By Matt Canham

The Salt Lake Tribune

Published: February 18, 2011 07:13PM (Part of series on MLM)

Washington • For federal regulators, the idea seemed like a no-brainer.

People thinking of selling Avon, Utah-based Nu Skin or some other multilevel marketing (MLM) products should know how likely they are to make a profit. They should know about any lawsuits against the company and the number of independent sellers who ended up demanding a refund.

After years of study, the Federal Trade Commission in 2006 formally proposed a “business opportunity rule” to protect people from fraud by requiring such disclosures of MLMs, also known as direct sellers, along with companies pitching vending machine routes and letter-stuffing campaigns.

Then regulators asked the public to comment. And they did. First by the hundreds, then by the thousands, almost all of which were sent by direct selling companies or their distributors clamoring that the rule would hurt their home-to-home business, if not kill it all together.

Two years later the FTC dropped any reference to MLMs and forged ahead with its proposal. The commission expects to finalize the business opportunity rule sometime later this year.

So what happened? That depends on your vantage point.

The direct selling industry says it demonstrated that the proposal was unnecessarily onerous and persuaded federal regulators to back off.

The FTC’s staff say they decided the rule wouldn’t help consumers determine if a MLM was a good bet.

And then there’s a small group of critics who believes the FTC caved to political pressure from a questionable industry.

“It defies reason and the experience (more…)

3rd in Tribune Series: Lured by Wealth, Nearly All Will Fail

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State of supplements: Elusive wealth, strong lure

By Steven Oberbeck

The Salt Lake Tribune

Published: February 21, 2011 08:16PM (3rd in series)

Lured by the promise of wealth, thousands of Utahns every year become “distributors” of the pills, potions and lotions multilevel marketing companies in the state make.

Nearly all will fail, with their money flowing into the pockets of an elite few top-level distributors — men and women who typically get into the game early and make a fortune off those who try but fail to duplicate their successes.

“You hear of people making a fortune in multilevel marketing. You also hear of people who made a fortune playing the lottery. Neither one is a good way to try to make a living,” said Jon Taylor of Kaysville, an industry critic and author of The Network Marketing Game.

Multilevel marketing companies, also known as network marketing companies, operate pyramid-like sales structures made up of multiple levels of independent distributors who earn commissions by selling products. The problem is, the products usually are expensive — $30 or more wholesale for less than a quart of fruit juice, for example. Marking them up even more for sale to the public doesn’t produce a lot of retail sales.

Instead, the distributors are the customers. They rely on getting a piece of the sales from new distributors they recruit — and on down the line. For the thousands at the bottom, though, it is nearly impossible (more…)

America the Great! Being Taught Lessons by Egypt, Tunisia! Whodathunkit! On Wisconsin!

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Published on Monday, February 21, 2011 by CommonDreams.org

Waking Up in Wisconsin

by David Michael Green

Whodathunkit, eh?

Insignificant, backwater, third world banana republics like Tunisia and Egypt pioneering the way for the greatest superpower and richest country on the planet.

That’s not supposed to happen.

I mean, we pay for a military that costs as much as every other one in the world, combined, even though it can’t win endless wars against insignificant, backwater, third world banana republics.  They can’t say that about their militaries!  We’ve got annual deficits that are bigger than their entire economies.  The size of our economy is half-again bigger than the number two in the world (with one-fourth the population), and we’ve managed to produce a health care system that ranks 39th globally.  Who else can claim that badge of honor?  No doubt that ranking partially explains why our life expectancy figures are lower than just about every country in the developed world.  Our education system, once the envy of the world, is crumbling, along with the size of our college enrollments.  Ditto our infrastructure, much of which hasn’t been maintained in decades.  Who can touch that?  We have the highest polarization of wealth in the entire developed world, and more than any country in the Arab world too.  Sweet!  Another cool thing is our incarceration rate.  It’s 743 per hundred thousand people.  The next highest country has less than half that figure.  Our use of torture and rendition and the remote-controlled aerial bombings of civilians has earned us the scorn and hatred of the world, while our political leaders, unmatched in their capacity for hypocrisy and buffoonery, have made us a laughingstock that few puffy-chested, medal-covered third world dictators can match.  You got Mugabe?  We got Palin.  You got Charles Taylor?  We got George W. Bush, in a democracy no less.

So, with a record like that, who in the world are these punky backwater countries to teach high and mighty America anything about anything?!?!

Darned if it hasn’t happened, though.  I mean, you can say it’s a coincidence if you want, and you may even be right.  But I can’t help thinking that the people of Wisconsin have been inspired by the people of Egypt.  Who were themselves inspired by the people of Tunisia.  Both of whom have inspired the people of Bahrain, Jordan, Iran, Libya, Yemen, Iraq and beyond.  Meanwhile, Wisconsin seems to be inspiring Americans in other states finally to fight back.

It would seem that people power is in the air in early 2011, and that it’s quite contagious.

Whatever is the explanation for the Cheesehead version of Tahrir Square, it is unbelievably welcome, and just (more…)

Murdoch’s New York Post Rips Romney’s Business History

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by Josh Kosman

The New York Post

Likely Republican presidential candidate Mitt Romney has been out on the pre-campaign trail this month saying he is the man to get Americans back to work, despite a spotty jobs record while on Wall Street.

However, the former private equity firm chief’s fortune — which has funded his political ambitions from the Massachusetts statehouse to his unsuccessful run for the White House in 2008 — was made on the backs of companies that ultimately collapsed, putting thousands of ordinary Americans out on the street. That truth if it becomes widely known could become costly to Romney, who, while making the media rounds recently, told CNN’s Piers Morgan that “People in America want to know who can get 15 million people back to work,” implying he was that person.

Romney’s private equity firm, Bain Capital, bought companies and often increased short-term earnings so those businesses could then borrow enormous amounts of money. That borrowed money was used to pay Bain dividends. Then those businesses needed to maintain that high level of earnings to pay their debts.

Romney in 2007 told the New York Times he had nothing to do with taking dividends from two companies that later went bankrupt, and that one should not take a distribution from a business that put the company at risk.

Yet Geoffrey Rehnert, who helped start Bain Capital and is now co-CEO of the private equity firm The Audax Group, told me for my Penguin book, “The Buyout of America: How Private Equity Is Destroying Jobs and Killing the American Economy,” that Romney owned a controlling stake in Bain Capital between approximately 1992 and 2001. The firm under his watch took such risks, time and time again.

Bain and Goldman Sachs, for example, put $85 million down in a $415 million 1994 leveraged buyout of Baxter International’s medical testing (more…)

Don’t Misread Middle East Turmoil! It Is Not Fueled by Religion, But by Justice

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Published on Sunday, February 20, 2011

by The Independent/UK

These Are Secular Popular Revolts – Yet Everyone is Blaming Religion
(Our writer, who was in Cairo as the revolution took hold in Egypt, reports from Bahrain on why Islam has little to do with what is going on.)
by Robert Fisk
Mubarak claimed that Islamists were behind the Egyptian revolution. Ben Ali said the same in Tunisia. King Abdullah of Jordan sees a dark and sinister hand – al-Qa’ida’s hand, the Muslim Brotherhood’s hand, an Islamist hand – behind the civil insurrection across the Arab world. Yesterday the Bahraini authorities discovered Hizbollah’s bloody hand behind the Shia uprising there. For Hizbollah, read Iran. How on earth do well-educated if singularly undemocratic men get this thing so wrong? Confronted by a series of secular explosions – Bahrain does not quite fit into this bracket – they blame radical Islam. The Shah made an identical mistake in reverse. Confronted by an obviously Islamic uprising, he blamed it on Communists.

Bobbysocks Obama and Clinton have managed an even weirder somersault. Having originally supported the “stable” dictatorships of the Middle East – when they should have stood by the forces of democracy – they decided to support civilian calls for democracy in the Arab world at a time when the Arabs were so utterly disenchanted with the West’s hypocrisy that they didn’t want America on their side. “The Americans interfered in our country for 30 years under Mubarak, supporting his regime, arming his soldiers,” an Egyptian student told me in Tahrir Square last week. “Now we would be grateful if they stopped interfering on our side.” At the end of the week, I heard identical voices in Bahrain. “We are getting shot by American weapons fired by American-trained Bahraini soldiers with American-made tanks,” a medical orderly told me on Friday. “And now Obama wants to be on our side?”

The events of the past two months and the spirit of anti-regime Arab insurrection – for dignity and justice, rather than any Islamic emirate – will remain in our history books for hundreds of (more…)

United States Stands Alone in Support of Israel! Palestinians Plan ‘Day of Rage’ Against U.S., Obama

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Published on Sunday, February 20, 2011

by The Guardian/UK

Palestinians Plan ‘Day of Rage’ after US Vetoes Resolution on Israeli Settlements

US decision to use UN security council veto sparks furious reaction in West Bank and Gaza

by Harriet Sherwood

Palestinians are planning a “day of rage” on Friday in response to the US wielding its veto against a UN security council resolution condemning Israeli settlements.

Palestinians are planning a “day of rage” on Friday in response to the US wielding its veto against a UN security council resolution condemning Israeli settlements. The US decision to use its veto has sparked a furious reaction in the West Bank and Gaza.

Anti-US rallies took place in the West Bank towns of Bethlehem, Tulkarem and Jenin this weekend after the 14-1 vote on the resolution, in which the US stood alone against the rest of the security council, including Britain, Germany and France. It voted in contradiction of its own policy.

This is not a good time for the United States to be antagonizing the Arab world—which is certainly what Obama’s veto did. Obama’s veto is a public embarrassment, a clear cut exposure of our hypocrisy in dealing with Israel.

We vetoed a policy that we have publicly been supportive of, and we stand absolutely alone in the entire world. The vote was 14-1. There is no credit in being number one in this instance.

The biggest mistake of the past century was the establishment of the State of Israel. There has not been a day of peace since that decision. Israel has proven to be the most intransigent partner anyone could possibly have.

In Gaza, Hamas described the US position as outrageous and said Washington was “completely biased” towards Israel.

Ibrahim Sarsour, an Israeli-Arab member of the Israeli parliament, the Knesset, said it was time to tell the US president, Barack Obama, to “go to hell”.

“Obama cannot be trusted,” he wrote in an open letter to the Palestinian president, Mahmoud Abbas. “We knew his promises were lies. The time has come to spit in the face (more…)

Secret Documents Show Failed Palestinian Leadership; U.S., Britain Complicit

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This seemingly endless and ugly game of the peace process is now finally over– Karma Nabulsi

http://www.guardian.co.uk/commentisfree/2011/jan/23/middle-east-peace-process-over-palestinians?CMP=twt_gu

By Karma Nabulsi

The Guardian, Great Britain

It’s over. Given the shocking nature, extent and detail of these
ghastly revelations from behind the closed doors of the Middle East
peace process, the seemingly endless and ugly game is now, finally,
over. Not one of the villains on the Palestinian side can survive it.
With any luck the sheer horror of this account of how the US and
Britain covertly facilitated and even implemented Israeli military
expansion – while creating an oligarchy to manage it – might overcome
the entrenched interests and venality that have kept the peace process
http://www.guardian.co.uk/world/middle-east-peace-talks
going. A small group of men who have polluted the Palestinian
public sphere with their private activities are now exposed.

For us Palestinians, these detailed accounts of the secretly
negotiated surrender of every one of our core rights under
international law (of return for millions of Palestinian refugees,
on annexing Arab Jerusalem, on settlements) are not a surprise. It
is something that we all knew – in spite of official (more…)

The Palestine Papers Reveal Secrets That Anger Palestinians

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The story behind the Palestine papers

How 1,600 confidential Palestinian records of negotiations with Israel from 1999 to 2010 came to be leaked to al-Jazeera

Seumas Milne and Ian Black The Guardian, Monday 24 January 2011

The revelations from the heart of the Israel-Palestine peace process are the product of the biggest documentary leak in the history of the Middle East conflict, and the most comprehensive exposure of the inside story of a decade of failed negotiations.

The 1,600 confidential records of hundreds of meetings between Palestinian, Israeli and US leaders, as well as emails and secret proposals, were leaked to the Qatar-based satellite TV channel al-Jazeera and shared exclusively with the Guardian. They cover the period from the runup to the ill-fated Camp David negotiations under US president Bill Clinton in 2000, to private discussions last year involving senior officials and politicians in the Obama administration.

The earliest document in the cache is a memo from September 1999 about Palestinian negotiating strategy. It suggests heeding the advice of the Rolling Stones: “You can’t always get what you want, but if you try sometimes you might find you can get what you need.” The final one, from last September, is a Palestinian Authority (PA) message to the Egyptian government about access to the Gaza Strip.

The Palestine papers have emerged at a time when a whole era of Israeli-Palestinian negotiations, starting with the Madrid conference in 1991, appear to have run into the sand, opening up the prospect of a new phase of the conflict and potentially another war.

In particular, they cover the most recent negotiations, before and after George Bush’s Annapolis conference in late 2007 – when substantive offers were made by both sides until the process broke down over Israel’s refusal to freeze West Bank settlement activity.

The bulk of the documents are records, contemporaneous notes and sections of verbatim transcripts of meetings drawn up by officials of the Palestinian negotiation support unit (NSU), which has been the main technical and legal backup for the Palestinian side in the negotiations.

The unit has been heavily funded (more…)

Simmons Downplays Lapses at Zions Bank That Led to $8M Fine

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By Paul Beebe

The Salt Lake Tribune

Published: February 19, 2011 10:53PM

Harris Simmons doesn’t want to express an opinion about the $8 million civil fine federal regulators recently levied against Zions Bank for serious deficiencies in its Bank Secrecy Act and anti-money laundering controls.

But there are a few things that Simmons, chairman of parent company Zions Bancorp, wants shareholders and customers of the biggest home-grown financial institution in Utah to know.

Zions takes its obligation to comply with federal banking laws seriously, Simmons said in an interview.

He also wants to say that the Office of the Comptroller of the Currency and the Financial Crimes Enforcement Network didn’t find evidence of any illegal money transfers, only that there were lapses in Zion’s compliance.

“We spend millions a year, [and] we have at last count 90 people working full time on this kind of compliance. They are monitoring about half a billion transactions year worth about $8 trillion,” he said.

Like other financial institutions, Zions is required to report suspicious money transactions to the government within 30 days. The Financial Crimes Enforcement Network, a Treasury Department agency that fights money laundering, said Zions failed to file on time 132 reports representing $12.3 billion in suspicious activity (more…)

Utah Zen Master Admits Affair, Leaves Center

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By Peggy Fletcher Stack

The Salt Lake Tribune

Published: February 18, 2011 10:49PM

The founder and charismatic Buddhist teacher at Salt Lake City’s Kanzeon Zen Center has stepped away after acknowledging a sexual affair with an advanced Zen follower.

Dennis Merzel, known by his Buddhist name and honorific title “Genpo Roshi,” is a nationally respected Zen master who leads trainings all over the world.

He first acknowledged the affair in late January to hundreds of students in Holland. Shortly after his return to Salt Lake City, Merzel addressed an open meeting at the center, took responsibility for his actions and apologized for “the pain, anger, concerns, questions and feelings of his wife, family and sangha members,” according to a statement on the center’s website.

Merzel voluntarily “disrobed” as a Zen priest and also resigned as an elder in the White Plum Asanga, a consortium of Zen centers led by students of Taizan Maezumi.

Merzel was on retreat Friday and not available for comment. But he did post an apology on his own website, http://bigmind.org/Responsibility.html.

“My behavior was not in alignment with the Buddhist precepts. I feel ‘disrobing’ is just a small part of an appropriate response,” Merzel wrote. “Experiencing all the pain and suffering I have caused has touched my heart and been the greatest teacher.”

Since then, Merzel’s actions have been discussed and dissected (more…)