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Kofi Annandersen: Enron-style accounting at the U.N. Oil-for-Food Program.
Opinion Journal (WSJ) ^ | March 10, 2003 | Claudia Rosett

Posted on 03/10/2003 7:37:40 PM PST by Cicero

Edited on 04/23/2004 12:05:23 AM PDT by Jim Robinson. [history]

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I read something on this a few weeks back. Now here's another article explaining why Kofi Annan is so desperate to stop the US war against Iraq--because he has a huge financial stake in the status quo.
1 posted on 03/10/2003 7:37:41 PM PST by Cicero
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To: Cicero
Oops. The WSJ where this is posted has today's date, but I see the article is dated last fall (September 25, 2002). But I can't find it posted here in FR, and it still is extraordinarily relevant to what's going on today at the UN. It explains why Kofi is so desperate to block Bush from going ahead with the war.
2 posted on 03/10/2003 7:40:35 PM PST by Cicero (Marcus Tullius)
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To: 3catsanadog; ~Kim4VRWC's~; A CA Guy; A Citizen Reporter; abner; Aeronaut; AFPhys; agrace; ...

Mandatory read ping




This ought to about do you all in for the day.

3 posted on 03/10/2003 7:45:07 PM PST by Howlin (Only UNamericans put the UN before America!)
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To: Jhoffa_; DoughtyOne
FYI.
4 posted on 03/10/2003 7:47:41 PM PST by Howlin (Only UNamericans put the UN before America!)
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To: Cicero
Oh, how special, while Saddam builds his golden palaces he has the UN feeding people.....

"Conceived in 1995 as a way to deliver humanitarian aid despite sanctions against Iraq, Oil-for-Food has matured into an unholy union between Saddam Hussein, with his command economy, and the U.N., with its big, buck-passing bureaucracy. By now, the two are effectively partners in what might just as well be called the Oil-for-U.N.-Jobs program. Even with its weapons inspectors barred from the country, the U.N. by now has 10 agencies employing 900 international staffers and 3,000 Iraqi nationals inside "Iraq to administer the program, plus another 120 or so in New York. Combining Iraq's oil exports and aid imports, they oversee a flow of funds averaging about $15 billion a year, more than five times the U.N.'s core annual budget. Even assuming the utmost integrity by the U.N. staff, it is worth asking whether Mr. Annan and his entourage might by now have a stake in the status quo. In which case, listening to Mr. Annan's views on Iraq makes about as much sense as once upon a time heeding Arthur Andersen's pronouncements on Enron."

5 posted on 03/10/2003 7:48:41 PM PST by goodnesswins (Thank the Military for your freedom and security....and thank a Rich person for jobs.)
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To: Cicero
Sobering.

We'll have to wait until this is reported on ABCNNBCBS though, right.

Maybe after that front-page story about this in the NY Times get printed.
6 posted on 03/10/2003 7:49:33 PM PST by Robert A. Cook, PE (ABCNNBCBS lie!)
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To: Howlin
FIRST .. do I really want to read this ...

Oh OK .. but let me go get my advil first
7 posted on 03/10/2003 7:50:53 PM PST by Mo1 (RALLY FOR AMERICA - VALLEY FORGE,PA MARCH 16, 2003 1:00 PM)
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To: Howlin
Thanks Howlin!

This looks like a jobs program and a fat cash flow.

No wonder they don't want to loose it.

8 posted on 03/10/2003 7:51:27 PM PST by Cold Heat
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To: Robert A. Cook, PE
It's the biggest problem in our country today. Lying news reporters who will do anything to further the left wing agenda. Clinton is gone from the White House, but the media are the same as ever, if not worse.
9 posted on 03/10/2003 7:52:01 PM PST by Cicero (Marcus Tullius)
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To: Cicero; Howlin
So the U.N. plan allocates various percentages of the revenues for different parts of the program...

Translation: Kofi's Kash Kow

10 posted on 03/10/2003 7:52:09 PM PST by Oldeconomybuyer (Let's Roll)
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To: Howlin
Much obliged for the ping.
11 posted on 03/10/2003 7:53:44 PM PST by Cicero (Marcus Tullius)
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To: Cicero
Claudia Rosett tell it like it T I S.

GWB LET'S ROLL!!!

12 posted on 03/10/2003 7:54:08 PM PST by TexKat
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To: Howlin
Jeeze....what a sweetheart deal.
Things are starting to make a little more sense.
13 posted on 03/10/2003 7:54:33 PM PST by eddie willers
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To: Oldeconomybuyer
All oil in Iraq belongs to the state. Saddam decides who will benefit from its sale, and who will be deprived. "The government of Iraq has the sole responsibility for allocating the money," says an official of the U.N.'s Oil-for-Food Program. "We cannot tell them, we only advise them."
14 posted on 03/10/2003 7:55:06 PM PST by Cicero (Marcus Tullius)
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To: Cicero
Hey, it's your find.......and this NEEDS to be out front.

If I saw it before, I might not have read it.
15 posted on 03/10/2003 7:55:19 PM PST by Howlin (Only UNamericans put the UN before America!)
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To: Jackie-O; Canadian Outrage
Ping
16 posted on 03/10/2003 7:55:31 PM PST by TexKat
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To: Howlin
Thank you for pinging me to this and, yes, that'll pretty much do me in. Sheesh. Diz-gusting.
17 posted on 03/10/2003 7:57:53 PM PST by JennysCool (Give me Liberty ... or the Saturday Evening Post)
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To: eddie willers
They certainly are.
18 posted on 03/10/2003 7:59:48 PM PST by Howlin (Only UNamericans put the UN before America!)
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To: Cicero
So what we can conclude from this article is that, for all the talk about how many children have died in Iraq since 1991, Kofi had the money to save them?
19 posted on 03/10/2003 8:01:06 PM PST by Howlin (Only UNamericans put the UN before America!)
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To: Queen Jadis
pING

And its said that we are after the oil. Yeah right!!!

20 posted on 03/10/2003 8:02:11 PM PST by TexKat
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To: Howlin
Incredible. Time to demand an audit of these funds. This money held in escrow rightly belongs to the Iraqui people and should be used to help rebuild the infrastructure of the country.

I'm sure that Bush has been aware of this for quite some time.

21 posted on 03/10/2003 8:02:33 PM PST by McGavin999
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To: Howlin
So what we can conclude from this article is that, for all the talk about how many children have died in Iraq since 1991, Kofi had the money to save them?

Sure. Anyone with sense knows that already. What's really pathetic is that evidently the UN is complicit in letting Saddam buy weapons instead of food and medicine.

And of course Russia, France, and Germany are complicit too. They all have sweetheart contracts with Saddam.

22 posted on 03/10/2003 8:05:36 PM PST by Cicero (Marcus Tullius)
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To: Howlin
Soviet-style central planning, which by rationing goods and controlling people's livelihoods serves as a powerful tool for political control.

Sounds like the liberals in America. They've been busy.

23 posted on 03/10/2003 8:05:44 PM PST by swheats
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To: TexKat
If this isn't enraging and pathetic I just don't know. I have always detested Annan. Never knew really why. I don't trust the man, he's an Arab butt-kisser and he's a professional liar. He no more cares about the starving people of Iraq than Sadman!!
24 posted on 03/10/2003 8:06:10 PM PST by Canadian Outrage (All us Western Canuks belong South)
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To: Cicero
That's billions with a B! Right? These people really care whether the Iraqi's are slaughtered. /sarcasm

But, we(the United States)are just in it for the money. /sarcasm

They make me sick!
25 posted on 03/10/2003 8:06:29 PM PST by kcvl
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To: Howlin
This suprises us how? When we follow the money trail, I wouldn't doubt that some of our favorite people in the UN are collecting the interest on that money and depositing the funds in numbered Swiss accounts. They are swine.
26 posted on 03/10/2003 8:09:05 PM PST by ex 98C MI Dude
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To: Howlin
So what we can conclude from this article is that, for all the talk about how many children have died in Iraq since 1991, Kofi had the money to save them?

And deprive him of his Dom Perignon?
How bourgeois of you!

27 posted on 03/10/2003 8:09:16 PM PST by eddie willers
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To: kcvl
This article makes a pretty good bookend with the one that was posted here a little earlier:

Annan Says U.S. Will Violate Charter if It Acts Without [UN] Approval

28 posted on 03/10/2003 8:09:30 PM PST by Cicero (Marcus Tullius)
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To: Cicero
This falls along the same lines as their World Confernce on hunger where these freaks sat and talked about all the hungry people in the world over plates of steak and lobster and all the trimmings!! Can anyone say B A R F!!
29 posted on 03/10/2003 8:09:44 PM PST by Canadian Outrage (All us Western Canuks belong South)
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To: Howlin
Thanks for the ping, I guess. And here I gave up gin for Lent.

When I was a young woman I used to see those John Birch Society signs about getting out of the UN and I thought "those weirdo extremists."

Now, not only do I want us out, I want them all out of the country and the place leveled.

I am sure there is a good reason diplomatically for staying in the UN, but from a personal, emotional point of view I am having a hard time seeing it right now.

30 posted on 03/10/2003 8:10:16 PM PST by Miss Marple
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To: Cicero
Excellent Read. The UN is so corrupt; their greed and incompetence may have them on their last leg before long. Sure hope so. Kofi may have to change his lifestyle. He may not command the bucks in the future that he does at the UN.
31 posted on 03/10/2003 8:10:17 PM PST by LaGrone
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To: Cicero
The UN works hand-in-hand with Saddam to propagate this lie. The UN gives voice to terrorist nations that should have none. The UN supports and emboldens terrorist states that have sworn to destroy us. They are a terrorist-supporting organization, we are better than that, we have no place in such a corrupt psuedo-terrorist organization. Kofi, Chirac and cohorts need to be jailed and their bank accounts confiscated!
32 posted on 03/10/2003 8:10:22 PM PST by Brett66
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To: ex 98C MI Dude
suprise = surprise
Eye usd tu now how to spel
33 posted on 03/10/2003 8:11:19 PM PST by ex 98C MI Dude
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To: Cicero
Oil-for-Food Program

The United States is at the forefront of UN efforts to enable Iraq to use its resources to acquire goods needed to improve the lives of ordinary Iraqis. These international efforts, initiated by the United States and administered by the UN under the Oil-for-Food Program, have prevented a potential humanitarian catastrophe in Iraq. Instead, basic humanitarian needs are being met in Iraq, and the quality of life has been improving since Iraq belatedly accepted the Oil-for-Food Program in 1996. Continuation of this trend is up to Baghdad, and its willingness to cooperate fully with the United Nations. Unfortunately, the UN effort is hampered by Iraqi non-cooperation.

More...

34 posted on 03/10/2003 8:11:59 PM PST by kcvl
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To: eddie willers
How bourgeois of you!

Don't you curse me with those.......those.........those...nasty French words!

35 posted on 03/10/2003 8:13:09 PM PST by Howlin (Only UNamericans put the UN before America!)
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To: Cicero
I love when these things come to light. All the soft shoe dancing at the United Nations suddenly make sense doesn't it.
36 posted on 03/10/2003 8:13:12 PM PST by DoughtyOne (Are you going Freeps Ahoy! Don't miss the boat. Er ship...)
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To: knighthawk
ping to you.
37 posted on 03/10/2003 8:13:46 PM PST by lakey
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To: Cicero
Annan Says U.S. Will Violate Charter if It Acts Without [UN] Approval

Then Annan so be it, UN Charter violated.

38 posted on 03/10/2003 8:15:42 PM PST by TexKat
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To: Brett66
Iraq's decision to suspend oil exports until Israeli troops withdraw from Palestinian territories will exacerbate financial problems facing the U.N. humanitarian aid program in Iraq.

Halting exports will result in an estimated revenue loss of $1.3 billion for the oil-for-food humanitarian program which is funded by Iraqi oil revenues, according to the U.N. Office of the Iraq Program.

The program was already facing a revenue shortfall this year as Iraqi oil exports slumped by about 25 percent because of what Iraqi officials say is a controversial pricing policy instituted by the U.N. committee monitoring sanctions on Iraq.

Iraq announced Monday that it was halting its oil exports through the oil-for-food program for 30 days or until Israel pulls out its troops and tanks. As a result of the announcement, the U.N.'s Iraq Program projected total revenue generated by oil sales during the current six-month phase of the oil-for-food program at $4.2 billion, down from an early estimate of $5.5 billion. The current phase ends on May 30.

Because of the expected loss of revenue, the oil-for-food program is now $3.6 billion short in funds to purchase humanitarian goods already ordered by Iraq. The oil-for-food program was created in 1996 to help ordinary Iraqis cope with U.N. sanctions imposed after Iraq's 1990 invasion of Kuwait. Under an exemption to sanctions, the program allows Iraq to sell unlimited amounts of oil to buy humanitarian goods for its civilians.


According to the most recent U.N. figures, Iraqi oil exports have averaged about 1.5 million barrels a day over the past month, down from a more normal average of about 2 million barrels a day.



http://216.239.37.100/search?q=cache:4BCDHiX3INkC:www.harpercollege.edu/mhealy/wbbs/news/msgs/395.html+U.N.%27s+Oil-for-Food+Program&hl=en&ie=UTF-8
39 posted on 03/10/2003 8:15:50 PM PST by kcvl
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To: Howlin
Bookmarked to read..and WILL pass along

Just reading the first two paragraphs tells me that this is going to be ugly.

Hey, is the author of this from wall street journal? IS that was WSJ stands for? (see source at top)

40 posted on 03/10/2003 8:17:08 PM PST by Freedom2specul8 (Please pray for our troops.... http://anyservicemember.navy.mil/)
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To: Cicero
The U.N.'s Oil-for-Food Program -- and consequences for Iraq's civilian population


"Originally, the [U.N.] Security Council authorised Iraq to sell $1.32 billion-worth of oil every six months to cover humanitarian imports. Large as the sum sounds, it provided little more than a dollar a month to cover food and medicine for each Iraqi, not to mention repairs to infrastructure. ...

http://216.239.37.100/search?q=cache:GWPfabzW8HMC:www.scn.org/ccpi/oilforfood.html+U.N.%27s+Oil-for-Food+Program&hl=en&ie=UTF-8
41 posted on 03/10/2003 8:18:03 PM PST by kcvl
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To: kcvl
Interesting stuff. Saddam says. Annan says. The State Department says. But apparently no one but the people running it are doing any auditing. And they wouldn't talk to the WSJ or release any meaningful figures.
42 posted on 03/10/2003 8:19:08 PM PST by Cicero (Marcus Tullius)
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To: ~Kim4VRWC's~
Yes. Opinion Journal is on-line stuff from the WSJ editorial pages. Here's their logo:


43 posted on 03/10/2003 8:21:15 PM PST by Cicero (Marcus Tullius)
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To: Howlin
WHAT THE *** THis is worse then Jesse Jackson

HELLO .. AUDIT THE UN NOW!

44 posted on 03/10/2003 8:22:20 PM PST by Mo1 (RALLY FOR AMERICA - VALLEY FORGE,PA MARCH 16, 2003 1:00 PM)
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bump
45 posted on 03/10/2003 8:26:29 PM PST by Diddle E. Squat
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To: Diddle E. Squat
Citing figures from a U.N. report, Von Sponeck pointed out that the oil-for-food program generated $44.4 billion for Iraq's economy, $26.3 billion of which was spent on humanitarian supplies. The remainder has gone to the government of Kuwait and its oil companies as reparation payments. Distributed throughout the 23 million people living in Iraq, this works out to approximately $119.17 for each year the program has been in place.

"I call this the $119.17 scandal," he said. "That is the entire amount that Iraqis have for sanitation, for agriculture, for education, for health and for food." He continues, "we have created a massive society of welfare recipients."

Von Sponeck suggested that the U.N.'s structure must be changed in order to properly address the humanitarian concerns of countries like Iraq. As humanitarian co-ordinator in Iraq, Von Sponeck was reprimanded by the U.N. Security Council for criticising the sanctions in the New York Times. "The U.N. was created as a house of dialogue, not of confrontation."

46 posted on 03/10/2003 8:29:35 PM PST by kcvl
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To: Miss Marple
I am sure there is a good reason diplomatically for staying in the UN, but from a personal, emotional point of view I am having a hard time seeing it right now

THe theory of a UN is not a bad idea .. the problem is .. the mob is running the show

47 posted on 03/10/2003 8:30:07 PM PST by Mo1 (RALLY FOR AMERICA - VALLEY FORGE,PA MARCH 16, 2003 1:00 PM)
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To: Cicero
The best Annan can do for those who are suffering in refugee camps. While they're living large on Security Council.


48 posted on 03/10/2003 8:31:18 PM PST by swheats
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To: Cicero
Posted a little late, but a good article. And VERY true. We all knew the endless inspection charade is about job security. Shame no one in the mainstream media mentions it.
49 posted on 03/10/2003 8:32:04 PM PST by cake_crumb (UN Resolutions = VERY expensive, very SCRATCHY toilet paper.)
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To: Cicero
BUMP
50 posted on 03/10/2003 8:34:44 PM PST by GrandMoM ("Vengeance is Mine , I will repay," says the Lord.)
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