The New Alchemy of The Global Elite
Turning WATER into GOLD...
Sightings from The Catbird Seat
~ o ~
From If the God’s Had Meant Us to Vote ...
They Would Have Given Us Candidates
by Jim Hightower
Canadians have something we need, and I don’t mean hockey
“Blue Gold,” it’s been dubbed by a Canadian newspaper, but it’s far more
valuable than that implies, since the world can actually do without gold.
Water. That’s what Canada has that parts of our country and much of the
world might literally kill for.
Hell, you say, water’s everywhere. 70 percent of the earth is covered in the
Yes, but as Canada’s Maude Barlow points out to anyone who’ll listen, less
than one-half of 1 percent of all the water on the globe is fresh water
available to drink.
An author and agitator for common sense, Ms. Barlow heads the Council of
Canadians and is founding chair for progressive politics and policies.
“Worldwide, the consumption of water is doubling every 20 years,” she
writes in a stunning report entitled “Blue Gold: The Global Water Crisis.”
Barlow calculates that in a very short while, MOST of the world’s people will
face shortages or absolute scarcity....
Canada, on the other hand, has a blessing of agua fresca....
Some 20% of the world’s entire supply of fresh water is in the winding rivers
and countless lakes splashed all across the vast land...
This is not a reality that has dawned on Canadians alone. Others are casting
their eyes northward, thinking, “There’s gold in them thar hills.”
But it’s not countries making invasion plans — it’s corporations.
To get their hands on the gold, the corporate grubbers first have to change
the way the world’s supply of drinking water is managed. Instead of letting
countries treat it as a resource to be held in common and allocated by the
public for the general good, they want it to be considered as just another
commodity to be held and traded by private investors strictly for their own
Like oil or pork bellies . . . only this is your drinking water they want to
privatize and commodify.
Will it surprise you to learn that those bratty globalization twins, NAFTA
and the WTO, contain provisions that advance the commodity concept?
Thought not. Both incorporate the bald assertion that “water, including ...
ordinary natural water of all kinds (other than sea water)” are “goods” that
are subject to the new rules of global trade.
We’re talking here about much more than bottled water— Perrier, Evian,
Yellow Snow #5, and your other favorite boutique brands. We’re talking
about bulk sales, including whole lakes and aquifers being bought and mined,
the flow of rivers being siphoned off, the Great Lakes themselves being put
on the market.
Maude Barlow and others report that corporations worldwide are already
organized to do the deed, using super-tankers, pipelines, canals, the
rerouting of rivers, and every other mammoth scheme known to humankind to
shift the product from water-rich nations to those markets willing to pay top
dollar for it:
>> Nordic Water Company now totes H2-0 from Norway to thirsty
European countries by tugging it across the sea in giant, floating plastic bags.
>> Global Water Corp, a Canadian firm, has cut a deal with the town of
Sitka, Alaska, to take 18 billion gallons of water per year from nearby Blue
Lake and haul it to China, and it is joining with a Houston maritime outfit to
ship more Alaskan water aboard bulk tankers to Singapore. “Water has
moved from being an endless commodity that may be taken for granted to a
rationed necessity that may be taken by force,” GWC says in a chilling
>> The GRAND Canal (Great Recycling And Northern Development Canal) is
an engineer’s wet dream, involving the building of a dike across the huge
James Bay ... to capture the water of the twenty rivers that flow into it ...
then building a network of canals, dams, and locks to move the water four
hundred miles south to Georgian Bay, where it would be “flushed through”
the Great Lakes into pipelines that would take it to America’s Sunbelt.
>> McCurdy Enterprises of Gander, Newfoundland, plans to “harvest” some
13 billion gallons of water a year from one of that province’s lakes, pipe it to
the coast, pump it into old oil tankers ... and ship it to the Middle East for a
>> Monsanto sees a multibillion-dollar business opportunity in the emerging
water crisis, with one executive saying bluntly: “Since water is as central to
food productions as seed is, and without water life is not possible, Monsanto
is now trying to establish its control over water. ... Monsanto (has launched) a
new water business, starting with India and Mexico, since both these
countries are facing water shortages.”
“Canada,” barked editor Terrence Corcoran of the Financial Post in a 1999
editorial, “is a future OPEC of water,” urging that the country begin trading
in this rich commodity pronto.
Likewise, Dennis Mills, a member of Canada’s parliament ... is pushing for
assorted water projects and trading schemes, declaring with gusto,
“Fortunes are made by those who control the flow of water.”
Thanks to citizen groups like the two Maude Barlow heads, however, the
Great Canadian Water Sale-a-Thon has yet to surge forth, for they have
alerted the citizenry and generated a national debate on the wisdom of
shouting “y’all come” to every global greedhead with a big bucket. Their
vigilance has produced a temporary moratorium across the country on bulk
This might be a good place for me to add that Maud, and Canadians generally,
certainly are not saying, “It’s our water and the rest of the world can go suck
eggs” ... To the contrary, they are the ones pushing for a public policy of
sharing their bounty to meet the global water crisis, allocating water
particularly to help those people in need. But the pressure is intense to
simply turn the water loose and let “the market” decide who needs it.
And that little, nasty Chapter 11 is being wielded to break the dam and turn
the water loose.
Sun Belt Water Inc., based in Santa Monica, California, has filed the first
NAFTA water case. It had an agreement with a British Columbia company to
take water from this far western province and ship it in huge tankers down
the west coast to southern California. But such a public outcry ensued when
the scheme became public that the provincial government stepped in to
protect its water, nixing the shipment by enacting a moratorium on all water
exports. Imagine if Sun Belt had quietly worked a deal to sink a siphon into
Lake Tahoe and drain it into Los Angeles, and you’ll get a sense of how the
people of British Columbia felt about Sun Belt’s raid.
“Screw the people” was the reaction of the California corporation. It sued
Canada in 1998, claiming that its future profits were “expropriated” by
British Columbia’s export moratorium and that, under the infamous Chapter
11, the nice people of Canada owed it $468 million. . . .
Dealing with NAFTA is trickier than playing hockey in hell, and, for the
Canadians, there is another nasty trick in the trade agreement that makes
them vulnerable to an all-out corporate raid. Sun Belt and the other water
hustlers only need one export deal in any one province to break the dam for
all of Canada’s water.
This is because the devils who set up the NAFTA game rigged it with a
provision called “proportionality,” which means that if one company gets a
deal, the country has to treat every other company the same. So when one
company exports even a trickle of water out of Canada, that opens the tap
for all other export deals, and the tap cannot be turned off— even if it is
later proven that the massive outflow is doing horrible damage to the
environment, to other businesses (fishing, tourism, etc.) or to the country as
This is why Sun Belt Water Inc. is squeezing so hard in British Columbia.
Canada’s national government, rather than imposing its own ban on water
exports, took the kind of half-assed approach our national politicians would
take— they asked each of the ten provinces of Canada to implement their
own voluntary moratoriums....
If (or when) one province allows a export deal, all the other provincial
moratoriums are immediately null and void — and the “Blue Gold Rush” is
August 23, 2007
Think Outside the Bottle Victory!
Pepsi agrees to label Aquafina bottles
After being pressured by months of intensive campaign activity through
Think Outside the Bottle, Pepsi has agreed to provide consumers with more
information about the source of the water used for Aquafina. In response to
our ongoing campaign, including our recent national day of action, Pepsi is
leading the industry by agreeing to spell out "Public Water Source" on the
Pepsi's current Aquafina label includes an image of snow-capped mountains
and states "pure water, perfect taste." Though the image implies that the
source of Aquafina is mountain spring water, it actually uses tap water as
its source. In fact, up to 40% of bottled water uses tap water as its
source, including Coke’s Dasani and Nestlé’s Pure Life.
April 30, 2007
A piece of a larger plot
Submitted by Alan8 on Mon, 2007-04-30
The silencing of our national media is just one small piece of a larger
conspiracy for a worldwide dictatorship by the wealthy, who own the
I know this statement sounds like rhetorical exaggeration, but here's a link
to some articles that fill in some of the details:
I found this link on AlterNet in the discussion on the worldwide corporate
theft of water resources through privatization:
Apparently (as explained in the AlterNet discussion) this collection of
articles was originally posted at "The Catbird's Forum", BUT WAS CLOSED
DOWN BY THE UNITED STATES DEPARTMENT OF JUSTICE,
ALBERTO GONZALES, U.S. ATTORNEY GENERAL, OFFICE OF THE
UNITED STATES TRUSTEE, JAMES B. NICHOLSON, TRUSTEE, by
Order of JUDGE DAVID ALAN EZRA.
I mention this here because cutting off peoples' knowledge of what's
happening by eliminating a free press is essential to their operations of
shocking economies and stealing nations' national resources in the chaos that
follows. They are now attempting to do this in the US, with the enthusiastic
support of the Bush Administration.
Look at that first link; it's fascinating reading!
April 25, 2007
Fighting the Corporate Theft
of Our Water
By Tara Lohan, AlterNet.
The Bush administration is helping multinationals buy U.S. municipal water
systems, putting our most important resource in the hands of corporations
with no public accountability.
All across the United States, municipal water systems are being bought up
by multinational corporations, turning one of our last remaining public
commons and our most vital resource into a commodity.
The road to privatization is being paved by our own government. The Bush
administration is actively working to loosen the hold that cities and towns
have over public water, enabling corporations to own the very thing we
depend on for survival.
The effects of the federal government's actions are being felt all the way
down to Conference of Mayors, which has become a "feeding frenzy" for
corporations looking to make sure that nothing is left in the public's hands,
including clean, affordable water.
Documentary filmmakers Alan Snitow and Deborah Kaufman recently
teamed up with author Michael Fox to write "Thirst: Fighting the Corporate
Theft of Our Water" (Wiley, 2007). The three followed water privatization
battles across the United States -- from California to Massachusetts and
from Georgia to Wisconsin, documenting the rise of public opposition to
corporate control of water resources.
They found that the issue of privatization ran deep.
"We came to see that the conflicts over water are really about fundamental
questions of democracy itself: Who will make the decisions that affect our
future, and who will be excluded?" they wrote in the book's preface. "And if
citizens no longer control their most basic resource, their water, do they
really control anything at all?"
As the effects of climate change are being felt around the world, including
decreasing snowpacks and rainfall, water is quickly becoming the market's
new holy grail.
Mayor Gary Podesto, in his State of the City address to his constituents in
2003, sang the praises of privatization to his community, located in
California's Central Valley. "It's time that Stockton enter the 21st century
in its delivery of services and think of our citizens as customers," he said.
And there is the crux of the issue -- privatization means transforming
citizens into customers. Or, in other words, making people engaged in a
democratic process into consumers looking to get the best deal.
It is also means taking our most important resource and putting it at the
whims of the market.
Currently, water systems are controlled publicly in 90 percent of
communities across the world and 85 percent in the United States, but that
number is changing rapidly, the authors report in "Thirst." In 1990, 50 million
people worldwide got their water services from private companies, but by
2002 it was 300 million and growing.
There are a number of reasons to be concerned.
"Globally, corporations are promoting water privatization under the guise of
efficiency, but the fact is that they are not paying the full cost of public
infrastructure, environmental damage, or healthcare for those they
hurt," said Ashley Schaeffer of Corporate Accountability International.
"Water is a human right and not a privilege."
There are also significant environmental considerations -- with private
corporations, sustainability can be tossed out the window. "Climate change is
a warning that uncontrolled abuse of the earth's natural resources is leading
toward planetary catastrophe," the authors write in "Thirst." "Who is to set
the necessary limits to the abuse of the environment? Private companies
fighting for market share are incapable of doing so."
Privatization has been pushed aggressively at the federal level for decades,
but especially so in the last six years. "There is a kind of fire sale of
everything in the public sector right now," said Alan Snitow. "Water, we
think, is the line in the sand -- when your water is actually a profit
mechanism, people really react negatively to that."
"Thirst" beautifully documents the coalitions that are forming in
communities that are fighting back. But the battles are not easy: They must
confront massive political muscle and unlimited financial resources of
multinational corporations, not to mention our society's religious belief in the
power of the marketplace.
Privatizing municipal water systems is globalization come home, said Deborah
Kaufman. In 2000 Bechtel privatized water in Cochabamba, Bolivia, with
such miserable consequences that it was shortly driven out of the country in
an incredible feat of cross-class organizing. But just a few years later, it was
awarded a $680 million contract to "fix" Iraq's ruined water systems.
"What's happened in Iraq is really emblematic of what the Bush
administration is doing," said Kaufman. "We view the privatization of water
in the United States as the World Bank come home -- the third-worldization
of America and American communities."
It turns out the United States is an attractive place for multinationals
looking to make inroads in the water business. The three main players are the
French companies Suez and Veolia (formerly Vivendi), and the German group
The companies first pushed water privatization in developing nations. "But in
many instances, those attempts didn't pan out as planned, it being difficult
to gouge governments and customers that don't have a lot of money," Public
Citizen reports. "The U.S., by contrast, presented the promise of a steady,
reliable revenue stream from customers willing and able to pay water bills."
The companies that already controlled the small percentage of U.S. water
held privately were bought by the big three: Veolia picked up U.S Filter,
Suez got United Water and RWE took over American Water Works.
The results have been disastrous, as "Thirst" shows -- rates are increasing,
quality is suffering, customer service is declining, profits are leaving
communities and accountability has fallen by the wayside.
In Felton, Calif., a small regional utility ran the water system until it was
purchased in 2001 by California American Water, a subsidiary of American
Water, which is a subsidiary of Thames Water in London, which has also
become a subsidiary of German giant RWE. Residents in Felton saw their
rates skyrocket, "Thirst" reports. A woman who runs a facility for people in
need saw her water bill increase from $250 to $1,275 a month.
RWE also bought the company controlling the water system in Urbana, Ill.,
and locals have been unhappy with the service it provides. "A few months ago,
I got a notice on my door saying the water was turned off, and that when it
came back on, I needed to boil it before I used it," said the city's mayor,
Laurel Prussing. But when she called the number, the company didn't know
what was going on -- and it was no wonder, because the call center was
located in Florida.
The list of abuses in "Thirst," which represent only a handful of communities,
In 2006, two top managers at a Suez/United Water plant in New Jersey
were indicted for covering up high radium levels in drinking water ... In
Milwaukee, Suez subsidiary United Water discharged more than a million
gallons of untreated sewage into Lake Michigan because it had shut down
pumps to reduce electricity bills ... In Stockton, Calif., a citizen's watchdog
group reported that water leakage doubled in the first year that
OMI/Thames took over system operations. In Indianapolis, customer
complaints nearly tripled the first year of Veolia's contract, and inadequate
maintenance resulted in hundreds of fire hydrants freezing in the winter ...
Overall, it has proved to be a recipe for disaster.
"Seeking to consolidate market share, private water companies are merging
or buying other companies, creating a volatile and unpredictable market,"
they conclude, "hardly the kind of stability required for a life-and-death
resource like water."
The water crisis comes home
Corporate interest in water systems in the United States exists for very
good reason -- we have a water crisis. Our drinking and wastewater systems
were largely designed a hundred years ago and in many places, little
improvements have been made.
Aging systems combined with the pressures of increasing population,
development, and pollution have left many communities close to disaster.
As a result, corporations have swooped in to offer public officials an easy
out -- not only will they run these aging plants, but they'll save the city
millions of dollars in the process. At least that's the promise. So far, it
hasn't panned out.
In 2005,"Thirst" reports, 200 mayors of large and small cities said they
would consider privatization if it would save money. In addition to lobbyists,
publicists and ad campaigns, the corporations have also directly gone after
public officials to sell their wares.
"The U.S. Conference of Mayors has become an engine of water privatization
through its Urban Water Council," they write in "Thirst." "One mayor
described a Conference of Mayors session he attended as a kind of feeding
frenzy, with companies bidding to take over everything from his city's
school-lunch program to its traffic lights and water services. Financed by
the private water industry, staffed by former industry officials, the UWC
works hard to give its corporate sponsors 'face time' with mayors."
And the federal government is not doing anything to help -- in fact, it's doing
the opposite. "The administration has backed language in legislation to
reauthorize existing federal water funding assistance programs that
would require cities to consider water privatization before they could
receive federal funding," reports Public Citizen. "And in lockstep with
private industry's goals, the EPA is increasingly playing down the role of
federal financial assistance while actively encouraging communities to pay for
system upgrades by raising rates to consumers -- exactly the strategy the
industry hopes will drive cash-strapped and embattled local politicians to opt
for the false promise of privatization."
The EPA has projected a needed $446 billion for drinking water
infrastructure over the next 20 years, but the money that is needed and
that is actually allocated in the budget falls billions short.
Snitow calls the under funding of public water systems and public
infrastructure as a whole, "systematic" under the Bush administration.
"On water, President Bush says he wants to fund private companies to
do it. He does not want to give money, even loan money, to government
agencies at the local level to improve their own water systems."
This mindset goes against public opinion and environmental law. The Safe
Drinking Water Act passed in 1974 says, "The federal government needs to
provide assistance to communities to help the communities meet federal
drinking water requirements." And a national poll showed that 86 percent of
Americans supported creating a water infrastructure trust fund.
But this issue is not a partisan problem. As reported in "Thirst," in 1997 the
Clinton administration changed the law to the benefit of private
companies. Previously municipal utility contracts were limited to five years,
but Clinton changed it to allow contracts to be extended up to 20 years. "The
rule change unleashed a wave of industry euphoria with predictions that
private companies would soon be running much of what is now a public
service," they wrote. In the following five years, municipal water contracts
with private companies tripled.
"Privatization comes from both Democrats and Republicans. Particularly the
Clinton wing of the Democratic Party. Clinton advanced this in a number of
areas -- Bush has taken it to the extreme," said Snitow.
And across the country, Democrats are guilty as well as Republicans. "In Lee
[Mass.], one of the key people supporting the Veolia privatization is a liberal
Democrat. He has a great record with unions, on gay rights. He is a social
liberal, but he wants to privatize key public services," said Snitow.
"There is an ideology that is bipartisan and is part of the old Washington
consensus which is that the market can do everything better, it can be more
efficient," he continued. "I think that we are seeing the chickens come
home to roost on this with Iraq. You are seeing the ultimate apotheosis
of the kind of vision that they had in mind -- where they would turn
over the entire government and the resources to private multinationals.
And, if that is efficiency, I think that most people in the world would
want themselves counted out."
Not for sale
"Thirst" documents not just the consolidation of power through corporations
but the public resistance that is often, despite seemingly impossible odds,
Time and time again throughout the book, citizens responded to local threats
but realized they were part of much bigger effort against water
privatization around the world and the wholesale auction of the commons.
Even if you don't live somewhere under threat at the moment, there is
something for everyone to do. We can work to create a trust for drinking
water and wastewater; to drop conditions in federal funding that favor
privatizing water resources; to block water corporations from obtaining
access to public funding through tax-exempt private activity bonds; and to
promote strong public management of water resources. Or you can work to
support organizations like Corporate Accountability International, Food and
Water Watch, Sierra Club and others who are organizing around the issue.
"There has to be preemption -- companies come in secretly and people don't
know there are negotiations going on, and communities that are organizing
are coming from behind," said Snitow. "If there is more consciousness about
this and more mayors know that their political lives are going to be spent
fighting this issue, then I think fewer and fewer of them are going to say
this not the way for me to leave my mark on the city. They'll choose
something else. I think there is a lot of potential for victories, for changing
the water policy in this country and it won't be a minute too soon, given
what's going to be happening with global warming."
Taking a stand against corporate control of water means believing that some
things, like the lifeblood of our communities, should not be for sale.
"Whether clean and safe water will remain accessible to all, affordable and
sustainable into the future, depends on us," write Snitow, Kaufman and Fox.
"The stakes could not be higher. The outcome will surely be a measure of
democracy in the 21st century."
RE: Blue Gold
Posted by: Catbird on Apr 25, 2007 7:15 AM
A well-written, very important article regarding the corporate theft of our
water. I urge every reader to pass this along to as many persons and
organizations as possible - especially to your state and local legislators!
I would normally have included this article in THE CATBIRD SEAT website
at http://www.the-catbird-seat.net/BlueGold.htm ... HOWEVER, this site has
been CLOSED DOWN by the UNITED STATES DEPARTMENT OF
JUSTICE, ALBERTO GONZALES, U.S. ATTORNEY GENERAL, OFFICE OF
THE UNITED STATES TRUSTEE, JAMES B. NICHOLSON, TRUSTEE, by
Order of JUDGE DAVID ALAN EZRA.
Consequently, I have now posted this important article in "The Catbird's
Forum" located at: http://www.voy.com/129276/522.html . (I advise you to
view it NOW - before it, too, is TERMINATED by THE UNITED STATES
DEPARTMENT OF JUSTICE!)
VOTE TO IMPEACH BUSH!
~ ~ ~
Posted by: callistocat on Apr 25, 2007 8:56 AM
RE: The Catbird
Couldn't find the articles where you had them, but found a copy at the
internet archive when I googled it.
From : "Sam Anderson" <email@example.com>
To : African_Caucus@yahoo.com firstname.lastname@example.org email@example.com
CC : firstname.lastname@example.org
Subject : Help Stop the Privatizing "The Stuff of Life:" Ghana's
Water Commodified By Imperialism
Date : Thu, 21 Mar 2002
THIS IS AN EMAIL ACTION CHAIN. PLEASE FORWARD TO FRIENDS &
COPY US at: http://email@example.com
= = = = = = =
"Sometimes I will go without food so my
grandchildren have water," says Amadu.
"Water comes before food."
= = = = = = =
At the instigation of the IMF [International Monetary Fund] and World
Bank, the Government of Ghana has embarked on a hasty privatisation
programme of the country's public urban water system without proper
public consultation. Already, the prospect of privatisation has resulted in a
95 percent hike in water fees and it is feared that the takeover by the
exclusively foreign multinational bidders will severely reduce access for the
poor and marginalized communities.
Privatisation will hit poor families hard, says Christian Aid's report (see
below), a view supported by a diverse array of international non-governmental organizations, including Public Citizen (US), the International
Water Working Group, Africa Action (USA), and Water Aid (UK).
The IMF, World Bank and DFID disagree. They insist that every citizen
should pay the full 'market price' for water but 70% of Ghanaians earns less
than a dollar a day and cannot afford it. Moreover, over 30% do not even
have access to safe drinking water. With privatisation, it is feared that this
percentage will increase. More poor families will be forced to travel farther
and work harder to collect water possibly from polluted streams and rivers.
And they will be forced to make daily trade-offs between water, food,
schooling and health care. Worse still their children will fall sick and die
from the many illnesses caused by drinking unsafe water.
Poor people are resisting. The National Coalition Against the Privatisation of
Water, popularly called CAP of WATER has been formed by a broad range of
civil society groups and organizations to stop the arm twisting by the IMF,
the World Bank and DFID and the multinational water companies. The CAP of
WATER campaign is demanding;
a) proper consultation with civil society, and
b) a serious examination of the reform options. CAP of WATER has called
for an international fact finding mission, which is due to visit Ghana next
~ ~ ~
Please join the campaign by:
1. Sending this message to friends.
2. Please copy us at: <firstname.lastname@example.org>. Every message is great
news to the campaign.
3. Observing the UN day for Water (Friday 22 March) with a local CAP of
Water event of your own.
4. URGENTLY sending a fax or e-mail to the following people, urging them to
stop the hasty privatisation of Ghana's water in order to prevent more
people falling into deeper poverty and disease. Please copy your message to
us at: <email@example.com>
His Excellency Mr. J.A. Kufuor, President of Ghana
Tel: 233-21-676923/4 ext. 110
Fax: 233-21-676934 or 233-21-666528
Peter Harold, World Bank Representative,
Ghana P. O. Box M27 - Ministries
~ ~ ~
'The right to water is a fundamental, God-given right
to all people that dwell on this earth.'
- Christian Council of Ghana.
~ ~ ~
SUPPORT the CAP of WATER campaign
Email : firstname.lastname@example.org
* * * * *
From : "Catherine Austin Fitts" <email@example.com>
To : "Solari Action Network" <firstname.lastname@example.org>
Date : Thu, 7 Mar 2002 18:57:25 -0500
Subject: Transcript of Interview of Greg Palast, Journalist for BBC and
Observer, London, by Alex Jones.
(Courtesy of A Great Listener) Alex Jones Radio Show, Monday (PM),
March 4, 2002
AJ: This is earth shattering. Can you break it down for us and tell us what
the economists have done?
GP: Well, I'll tell you two things. One, I spoke to the former chief
economist, Joe Stiglitz who was fired by the (World) Bank. So I, on BBC and
with Guardian, basically spent some time debriefing him. It was like one of
the scenes out of Mission Impossible, you know where the guy comes over
from the other side and you spend hours debriefing him. So I got the insight
of what was happening at the World Bank. In addition, he did not brief me
but I got some other sources. He would not give me inside documents but
other people handed me a giant stash of secret documents from the World
Bank and the International Monetary Fund. . . .
AJ: Just like you got W199I, from the same folks we got it from.
GP: And so one of the things that is happening is that, in fact, I was
supposed to be on CNN with the head of the World Bank Jim Wolfensen and
he said he would not appear on CNN ever if they put me on. And so CNN
did the craziest thing and pulled me off.
AJ: So now they are threatening total boycott.
GP: Yea right. So what we found was this. We found inside these documents
that basically they required nations to sign secret agreements, in which
they agreed to sell off their key assets, in which they agreed to take
economic steps which are really devastating to the nations involved and if
they didn't agree to these steps, there was an average for each nation that
signed one-hundred and eleven items that they are required to sign on to.
If they didn't follow those steps they would be cut-off from all
international borrowing. You can't borrow any money in the international
marketplace. No one can survive without borrowing, whether you are people
or corporations or countries - without borrowing some money and having
some credit and...
AJ: Because of the debt inflation pit they've created.
GP: Yea, well, see one of the things that happened is that - we've got
examples from, I've got inside documents recently from Argentina, the
secret Argentine plan. This is signed by Jim Wolfensen, the president of
the World Bank. By the way, just so you know, they are really upset with me
that I've got the documents, but they have not challenged the authenticity
of the documents. First, they did. First they said those documents don't
exist. I actually showed them on television. And cite some on the web, I
actually have copies of some...
AJ: Greg Palast dot com?
GP: Yea, http://www.gregpalast.com . So then they backed off and said yea
those documents are authentic but we are not going to discuss them with you
and we are going to keep you off the air anyway. So, that's that. But what
they were saying is look, you take a country like Argentina, which is, you
know, in flames now. And it has had five presidents in five weeks because
their economy is completely destroyed.
AJ: Isn't it six now?
GP: Yea, it's like the weekly president because they can't hold the nation
together. And this happened because they started out in the end of the 80s
with orders from the IMF and World Bank to sell-off all their assets, public
assets. I mean, things we wouldn't think of doing in the US, like selling off
their water system.
AJ: So they tax the people. They create big government and big government
hands it off to the private IMF/World Bank. And when we get back, I want
to get to the four-parts that you elegantly lay out here where they actually
pay off the politicians billions to their Swiss bank accounts to do this
GP: That's right.
AJ: This is like one of the biggest stories ever, Sir. I'm sorry, please
GP: So what's happening is - this is just one of them. And by the way, it's not
just anyone who gets a piece of the action. The water system of Buenos
Aires was sold off for a song to a company called Enron. A pipeline was
sold off, that runs between Argentina and Chile, was sold off to a
company called Enron.
AJ: And then the globalists blow out the Enron after transferring the
assets to another dummy corporation and then they just roll the theft
GP: You've got it. And by the way, you know why they moved the pipeline
to Enron is that they got a call from somebody named George W. Bush
AJ: Unbelievable, Sir. Stay right there. We are talking to Greg Palast.
< BREAK >
AJ: We are talking to Greg Palast. He is an award-winning journalist, an
American who has worked for the BBC, London Guardian, you name it, who
has dropped just a massive bomb-shell on the Globalists and their criminal
activity. There is no other word for it. You link through at inforwars.com, you
can link to his web site - gregpalast.com, or any of the other great reports
he has been putting out. He now has the secret documents. We have seen the
activity of the IMF/World Bank for years.
They come in, pay off politicians to transfer the water systems, the
railways, the telephone companies, the nationalized oil companies, gas
stations - they then hand it over to them for nothing.
The Globalists pay them off individually, billions a piece in Swiss bank
accounts. And the plan is total slavery for the entire population.
Of course, Enron, as we told you was a dummy corporation for money
laundering, drug money, you name it, from the other reporters we have had
on. It's just incredibly massive and hard to believe. But it is actually
happening. Greg Palast has now broken the story world-wide. He has actually
interviewed the former top World Bank economist. Continuing Sir with all
I mean for the average person out there, in a nutshell, what is the system
you are exposing?
GP: We are exposing that they are systematically tearing nations apart,
whether it's Ecuador or Argentina. The problem is some of these bad ideas
are drifting back into the U.S. In other words, they have run out of places to
bleed. And the problem is, this is the chief economist, this is not some minor
guy. By the way, a couple of months ago, after he was fired, he was given the
Nobel Prize in Economics. So he is no fool.
He told me, he went into countries where they were talking about
privatizing and selling off these assets.
And basically, they knew, they literally knew and turned the other way
when it was understood that leaders of these countries and the chief
ministers would salt away hundreds of millions of dollars.
AJ: But it's not even privatization. They just steal it from the people and
hand it over to the IMF/World Bank.
GP: They hand it over, generally to the cronies, like Citibank was very big
and grabbed half the Argentine banks. You've got British Petroleum
grabbing pipelines in Ecuador.
I mentioned Enron grabbing water systems all over the place. And the
problem is that they are destroying these systems as well. You can't even
get drinking water in Buenos Aires.
I mean it is not just a question of the theft. You can't turn on the tap. It is
more than someone getting rich at the public expense.
AJ: And the IMF just got handed the Great Lakes. They have the sole
control over the water supply now. That's been in the Chicago Tribune.
GP: Well the problem that we have is - look, the IMF and the World Bank is
51% owned by the United States Treasury. So the question becomes, what
are we getting for the money that we put into there?
And it looks like we are getting mayhem in several nations. Indonesia is in
He was telling me, the Chief Economist, Stiglitz, was telling me that he
started questioning what was happening. You know, everywhere we go, every
country we end up meddling in, we destroy their economy and they end up in
flames. And he was saying that he questioned this and he got fired for it. But
he was saying that they even kind of plan in the riots. They know that when
they squeeze a country and destroy its economy, you are going to get riots in
the streets. And they say, well that's the IMF riot. In other words, because
you have riot, you lose. All the capital runs away from your country and that
gives the opportunity for the IMF to then add more conditions.
AJ: And that makes them even more desperate. So it is really an imperial
economy war to implode countries and now they are doing it here with Enron.
They are getting so greedy - they are preparing it for this country.
GP: I've just been talking to, out in California just yesterday, from here in
Paris, the chief investigators of Enron for the State of California. They are
telling me some of the games these guys are playing. No one is watching that.
It's not just the stockholders that got ripped off.
They sucked millions, billions of dollars out of the public pocket in Texas
and California in particular.
AJ: Where are the assets? See, everybody says there are no assets left
since Enron was a dummy corporation - from the experts I've had on and
they transferred all those assets to other corporations and banks.
GP: Well yea, this stuff has really gone just like a three-card Monty game. I
mean remember that there is money at the bottom. You did pay California's
electric bills according to the investigations, they are telling me that they
were pumped up unnecessarily by 9 to 12 billion dollars. And I don't know who
they are going to get it back from now.
AJ: Well they actually caught the Governor buying it for $137 per
megawatt and selling it back to Enron for $1 per megawatt and doing it
over and over and over again.
GP: Yea, the system has gotten completely out of control and these guys
knew exactly what was happening. Well, you have to understand that some of
the guys who designed the system in California for deregulation then went to
work for Enron right after. In fact, here I'm in London right now and we
have, the British has some responsibility here. The guy who was on the audit
committee of Enron, Lord Wakeham. And this guy is a real piece of work,
there isn't a conflict of interest that he hasn't been involved in.
AJ: And he is the head of NM Rothschild.
GP: There isn't anything that he doesn't have his fingers in. He's on
something like fifty Boards. And one of the problems, he was supposed to be
head of the audit committee watching how Enron kept the books. And in fact,
they were paying him consulting fees on the side. He was in Margaret
Thatcher's government and he's the one who authorized Enron to come
into Britain and take over power plants here in Britain. And they owned a
water system in the middle of England. This is what this guy approved
and then they gave him a job on the board. And on top of being on the
board, they gave him a huge consulting contract. So you know, this guy
was supposed to be in charge of the audit committee to see how they
were handling their accounts.
AJ: Well, he is also the head of the board to regulate the media.
GP: Yes, he is, because I have run into real problems, because he regulates
AJ: They are also trying to pass laws in England where you've got an 800-year old well, or in some cases a 2000-year old well that the Romans built
that's on your property and they say we are putting a meter on it. You can't
have your own water.
GP: Yea, and that's Lord Wakeham. I mean this is the guy from Enron. He
is a real piece of work. He can't be touched here because like I say he
actually regulates the media. So if you complain, he's got his hand on your
AJ: Burrow into NM Rothschild, you'll find it all there. Go through these
four points. I mean you've got the documents. The IMF/World Bank
implosion, four points, how they bring down a country and destroy the
resources of the people.GP: Right. First you open up the capital markets.
That is, you sell off your local banks to foreign banks. Then you go to what's
called market-based pricing. That's the stuff like in California where
everything is free market and you end up with water bills - we can't even
imagine selling off water companies in the United States of America. But
imagine if a private company like Enron owned your water. So then the prices
go through the roof. Then open up your borders to trade - complete free
marketeering. And Stiglitz who was the chief economist, remember he was
running this system, he was their numbers man and he was saying it was like
the opium wars. He said this isn't free trade; this is coercion trade. This is
war. They are taking apart economies through this.
AJ: Well look, China has a 40% tariff on us, we have a 2% on them. That's
not free and fair trade. It's to force all industry to a country that the
globalists fully control.
GP: Well, you know Walmart - I did a story, in fact, if you read my book.
Let me just mention that I've got a book out, "The Best Democracy Money
Can Buy" about how, unfortunately, America has been put up for sale. "The
Best Democracy Money Can Buy" is coming out this week. But I have a
story in there about how Walmart has 700 plants in China. There is almost
nothing in a Walmart store that comes from the United States of
America, despite all the eagles on the wall.
AJ: Exactly, like 1984, then they have big flags saying "Buy American" and
there's hardly anything --- it's Orwellian double-think.
GP: What's even worst is they will hire a factory and right next to it will be
the sister factory which is inside a prison. You can imagine the conditions of
these workers producing this lovely stuff for Walmart. It's really....
AJ: And if an elitist needs a liver, they just call.
GP: (Laughs) I know, it's grim. In fact, I talked to a guy, Harry Wu, is his
name and, in fact, he broke into, he's been in Chinese prison for 19 years. No
one believed his horrible stories. He actually broke back into prison, took a
camera with him and took pictures of the conditions and said this is the
conditions of factories where Walmart is getting its stuff made at, it's all....
AJ: I was threatened to be thrown off TV here in Austin when I aired video
of little girls 4-years old chained down, skinnier than Jews in concentration
camps, to die. And I was threatened, if you ever air that again, you will be
GP: Well you know, it is horrifying stuff that, unfortunately, I have been
handed and Stiglitz, was very courageous for him to come out and make
these statements. Like I said, he didn't provide me the documents. The
documents really sealed it because it said this is what really happened. They
really do say sign on the dotted line agreeing to 111 conditions for each
nation. And the public has no say; they don't know what the hell is happening
to them. All they know....
AJ: Go back into privatization. Go through these four points. That's the key.
It sends billions to politicians to hand everything over.
GP: Yea, he called it briberization, which is you sell off the water company
and that's worth, over ten years, let's say that that's worth about 5 billion
bucks, ten percent of that is 500 million, you can figure out how it works. I
actually spoke to a Senator from Argentina two weeks ago. I got him on
camera. He said that after he got a call from George W. Bush in 1988 saying
give the gas pipeline in Argentina to Enron, that's our current president.
He said that what he found was really creepy was that Enron was going to
pay one-fifth of the world's price for their gas and he said how can you make
such an offer? And he was told, not by George W. but by a partner in the
deal, well if we only pay one-fifth that leaves quit a little bit for you to go in
your Swiss bank account. And that's how it's done.
AJ: This is the ....
GP: I've got the film. This guy is very conservative. He knows the Bush family
very well. And he was public works administrator in Argentina and he said,
yea, I got this call. I asked him, I said, from George W. Bush. He said, yea,
November 1988, the guy called him up and said give a pipeline to Enron. Now
this is the same George W. Bush who said he didn't get to know Ken Lay
until 1994. So, you know.....
AJ: So now they are having these white-wash hearings. You know I was at
Enron yesterday in Houston because I'm now here in Austin. We were like
30-feet from the door, right on the sidewalk and I have it on video - goons
came up and said you can't videotape. I said go ahead and have me
arrested. I mean I'm talking on the sidewalk, Greg.
GP: Well, you know, I was there in May, telling people in Britain you've never
heard of Enron, but ... And these are the guys who have figured out how to
(garbled) this government. In fact, we saw some interesting documents, a
month before Bush took office, Bill Clinton, I think to get even with Bush's
big donor, cut Enron out of the California power market. He put a cap on the
prices they could charge. They couldn't charge more than one-hundred times
the normal price for electricity. That upset Enron. So Ken Lay personally
wrote a note to Dick Cheney saying get rid of Clinton's cap on prices.
Within 48 hours of George W. Bush taking office, his energy
department reversed the clamps on Enron. OK, how much is that worth
for those guys. You know that has got to be worth, that paid off in a week
all the donations.
AJ: Listen at the bombs you are dropping. You are interviewing these
ministers, former head of IMF/World Bank economist - all of this, you've
got the documents, paying people's Swiss Bank accounts, all this happening.
Then you've got Part 2, what do they do after they start imploding?
GP: Well, then they tell you to start cutting your budgets. A fifth of the
population of Argentina is unemployed, and they said cut the
unemployment benefits drastically, take away pension funds, cut the
education budgets, I mean horrible things. Now if you cut the economy in
the middle of a recession that was created by these guys, you are really
going to absolutely demolish this nation. After we were attacked on
September 11, Bush ran out and said we got to spend $50 to $100 billion
dollars to save our economy. We don't start cutting the budget, you start
trying to save this economy. But they tell these countries you've got to cut,
and cut, and cut. And why, according to the inside documents, it's so you can
make payments to foreign banks - the foreign banks are collecting 21%
to 70% interest. This is loan-sharking. If fact, it was so bad that they
required Argentina to get rid of the laws against loan-sharking. because any
bank would be a loan-shark under Argentine law.
AJ: But Greg, you said it yourself and the documents show it. They first
implode the economy to create that atmosphere. They institute the entire
climate that does this.
GP: Yea, and then they say, well gee, we can't lend you any money except at
these loan-shark rates. We don't allow people to charge 75% interest in the
United States. That's loan-sharking.
AJ: Part 3 and Part 4. What do they do after they do that?
GP: Like I said, you open up the borders for trade, that's the new opium
wars. And once you have destroyed an economy that can't produce
anything, one of the terrible things is that they are forcing nations to
pay horrendous amounts for things like drugs - legal drugs. And by the
way, that's how you end up with an illegal drug trade, what's there left
to survive on except sell us smack and crack and that's how....
AJ: And the same CIA national security dictatorship has been caught
shipping that in.
GP: You know, we are just helping our allies.
AJ: This is just amazing. And so, drive the whole world down, blow out their
economies and then buy the rest of it up for pennies on the dollar. What's
Part 4 of the IMF/World Bank Plan?
GP: Well, in Part 4, you end up again with the taking apart of the government.
And by the way, the real Part 4 is the coup d'etat. That's what they are not
telling you. And I'm just finding that out in Venezuela. I just got a call from
the President of Venezuela.
AJ: And they install their own corporate government.
GP: What they said was here you've got an elected president of the
government and the IMF has announced, listen to this, that they would
support a transition government if the president were removed.
They are not saying that they are going to get involved in politics - they
would just support a transition government. What that effectively is, is
saying we will pay for the coup d'etat, if the military overthrows the
current president, because the current president of Venezuela has said
no to the IMF.
He told those guys to go packing. They brought their teams in and said you
have to do this and that. And he said, I don't have to do nothing.
He said what I'm going to do is, I'm going to double the taxes on oil
corporations because we have a whole lot of oil in Venezuela. And I'm
going to double the taxes on oil corporations and then I will have all the
money I need for social programs and the government - and we will be a
very rich nation.
Well, as soon as they did that, they started fomenting trouble with the
military and I'm telling you watch this space: the President of Venezuela will
be out of office in three months or shot dead. They are not going to allow
him to raise taxes on the oil companies.
AJ: Greg Palast, here is the problem. You said it when you first came out of
the gates. They are getting hungry, they are doing it to the United
Enron, from all the evidence that I've seen was a front, another shill, they
would steal assets and then transfer it to other older global companies, then
they blew that out and stole the pension funds. Now they are telling us
that terrorism is coming any day. It's going to happen if you don't give
your rights up.
Bush did not involve Congress and the others who are supposed to be in
the accession if there is a nuclear attack in the secret government,
Washington Post -"Congress Not Advised of Shadow Government." We
have the Speaker of the House not being told. This looks like coup
d'etat here. I'm going to come right out with it. We had better spread
the word on this now or these greedy creatures are going to go all the
GP: I'm very sad about one thing. I report this story in the main stream
press of Britain. I'm on the BBC despite Lord Wakeham. I know he doesn't
like me there. I'm in the BBC, I'm in the main daily paper, which is the
equivalent of the New York Times or whatever, and we do get the
information out. And I'm just very sorry that we have to have an
alternative press, an alternative radio network and everything else to get out
the information that makes any sense.
I mean this information should be available to every American.
I mean, after all, it's our government!
* * *
NOW...if you want to see how the Global Elite are draining
off YOUR WATER and YOUR ASSETS
- as well as YOUR GOVERNMENT -
UNPLUG YOUR MIND and let YOUR CONSCIOUSNESS flow
American Water Works Company - The largest US-based, investor-owned water service enterprise (until recently...)
From Hoover’s Online:
Water, water, everywhere -- and American Water Works wants to own
The company, which has been acquired by Thames Water (the water unit of
German utility giant RWE), is one of the largest water utility holding
companies in the US. Its regulated utilities serve 2.5 million customers, or
about 10 million people, in 20 states.
American Water Works also provides wastewater treatment in some of its
service areas. Nonregulated subsidiary American Water Services provides
contract management for water and wastewater systems that serve another
5 million people in the US and Canada; American Water Resources offers
related products and services.
* * *
From their website:
American Water Works Company is the parent company of subsidiaries that
provide water and wastewater services to more than 10 million people in 23
states. With coast-to-coast operations, including Hawaii, the Company is the
United States' largest publicly-traded utility enterprise devoted exclusively
to water and wastewater business opportunities. American Water Works
provides options to communities that are realistic and workable...contract
management, public/private partnerships, asset acquisition and a variety of
service alternatives that can help a community achieve better results.
Debt Management, Environment, Infrastructure, International Affairs,
Privatization, Public Works, Utilities Issues, Waste Water Treatment.
* * *
May 4, 2000
American Water Works Company, Inc. Shareholders Re-elect
Directors, Approve New Compensation Plan and Ratify
Appointment of Independent Auditors
Voorhees, NJ - Today at their annual meeting, shareholders of American
Water Works Company, Inc. (NYSE:AWK) re-elected 5 Directors of a 15-member classified board, approved a new stock award and incentive plan for
management, and ratified the appointment of PricewaterhouseCoopers LLP
as independent accountants.
Following the shareholders' meeting, the Board of Directors re-elected
Marilyn Ware, Chairman; Anthony P. Terracciano, Vice Chairman; and J.
James Barr, President and Chief Executive Officer.
The five board members re-elected were:
- William O. Albertini, Retired Executive Vice President and Chief Financial
Officer, Bell Atlantic Global Wireless, Inc.;
- Rhoda W. Cobb, President, Cobb Foundation;
- Ray J. Groves, Chairman, Legg Mason Merchant Banking, Inc.;
- Ross A. Webber, Professor of Management, The Wharton School,
University of Pennsylvania;
- Horace Wilkins, Jr., President - Special Markets, SBC
American Water Works Company is the largest US-based, investor-owned
water service enterprise. The Company's subsidiaries serve more than 10
million people in 23 states. The Company is committed to continued growth
and is involved in a number of industry consolidation and privatization
initiatives, including water and wastewater system acquisition, contract
operation and other water resource management initiatives....
For more on PricewaterhouseCoopers, GO TO > > > What Price Waterhouse?
* * *
November 7, 2001 (Note this date!)
FOR IMMEDIATE RELEASE:
AZURIX CORP. CLOSES SALE OF AZURIX NORTH AMERICA
HOUSTON –– Azurix Corp. announced today that it has completed the sale
of its wholly owned subsidiaries, Azurix North America Corp. and Azurix
Industrial Corp., to American Water Works Company, Inc.
The contract price, payable in cash, is $141.5 million, subject to customary
adjustments. The sale also includes American Water Works assuming $6.1
million of debt.
“This transaction demonstrates the progress we are making in our previously
announced decision to sell certain Azurix assets,” said John Garrison, Azurix
president and CEO.
“Even though it no longer fits our plans, Azurix North America is an
excellent business and we are pleased that its employees and operations are
being taken on by American Water Works, a clear industry leader.”
Azurix Corp., an affiliate of Enron Corp., is a global company that
owns, operates and manages water and wastewater assets, and provides
water and wastewater related services.
With revenues of $1.5 billion, American Water Works Company is the
nation’s largest publicly traded enterprise devoted exclusively to the water
and wastewater business. Its 6,300 associates provide ongoing water
resource management services to businesses and communities in 27 U.S.
states and three Canadian provinces.
More information can be found on the Web at www.amwater.com .
* * *
November 28, 2001
(Hope you already sold your Enron stock and
bought American Water Works.)
Markets Down on Enron's Collapse
By Jerry Knight, Washington Post Staff Writer
The stock market was jolted today by the impending collapse of Enron Corp.,
the biggest company in the natural gas business and the nation's seventh
largest corporation based on revenue.
Dynegy Inc., another big gas company, backed out of buying Enron at mid-day, leaving the giant gas company teetering toward bankruptcy. Enron's
natural gas trading desk, which dominates that business, was shut down.
After credit rating agencies downgraded Enron to the "junk bond" level, the
company stopped paying its bills and others refused to do business with it.
Enron's stock, worth nearly $90 a share a year ago, plunged into penny
stock territory –– closing down $3.50 to 61 cents –– and some traders
speculated that it might become worthless.
Enron's collapse pulled down the stocks of Citigroup Inc. and J.P. Morgan
Chase & Co., which only a few weeks ago gave Enron several hundred million
dollars in unsecured loans.
* * *
January 10, 2003 (What, you didn’t buy American Water Works? How
American Water acquisition
By Gill Griffith-Jones
FRANKFURT, Jan 10 (Reuters) - German utility RWE AG (XETRA:RWEG.DE
- News) said on Friday it had completed its $4.6 billion acquisition of
American Water (NYSE:AWK - News), the biggest publicly traded water
company in the United States.
The acquisition, which was subject to approvals from a myriad of
regulatory agencies, pushes RWE into the number one position in the
regulated water market in North America.
Globally, RWE remains number three in water after French titans Suez
(LYOE.OA) and Vivendi (Paris:VIE.PA - News), with 70 million water
customers in 46 countries.
"All American regulatory bodies, the American cartel watchdog, and the
shareholders of the company (AWW) have given their approval," RWE
said in a statement.
RWE agreed to buy American Water in September 2001, paying $46.00 in
cash per American Water share to put a total equity value of $4.6 billion
and an enterprise value of $8.6 billion on the deal, including the assumption
of around $4 billion in debt.
It is the last in a spate of acquisitions the Essen-based company has made
over the last three years to turn itself into a multi-utility offering power,
gas, water and waste services.
Completion of the deal had been expected some time in the first quarter,
and the news gave RWE stock a brief boost. It pared gains and fell 2.66
percent to 25.94 euros by 1449 GMT, underperforming European rivals
(Zurich:^SX6P - News).
RWE has announced a two-year pause in acquisitions to integrate its new
businesses. Now new CEO Harry Roels faces the challenge of convincing
investors that its multi-utility strategy will work.
Investors remain worried about the company's debt situation, which it has
said will balloon to around 24 billion euros ($25.2 billion) by the end of
2003, leading to a fall in net profit this year.
RWE will finance the American Water transaction through the capital and
money markets and through funds of its own.
AWW will be fully consolidated into the RWE Group in 2003, and the water
division will then contribute more than 25 percent of the group's operating
AWW operates in 27 U.S. states and three provinces in Canada, providing
some 15 million customers with water and waste water services. It posted
turnover of $1.7 billion for the period from the beginning of October 2001
to the end of September 2002.
AWW will be incorporated as a full subsidiary of RWE's water arm Thames
and will oversee RWE's water business in the U.S. and in South America.
* * *
January 10, 2003
AMERICAN WATER WORKS CO INC
Item 1. Changes in Control of Registrant.
On January 10, 2003, Apollo Acquisition Company, a Delaware corporation
("Sub"), merged (the "Merger") with and into American Water Works Company,
Inc., a Delaware corporation (the "Company"), pursuant to an Agreement and
Plan of Merger (the "Agreement"), dated as of September 16, 2001, by and
among RWE Aktiengesellschaft ("RWE"), Thames Water Aqua Holdings
GmbH, a wholly owned subsidiary of RWE ("Thames"), Sub and the Company,
with the Company surviving the Merger.
Pursuant to the Merger Agreement, each issued and outstanding share of
common stock, par value $1.25 per share, of the Company has been canceled
and converted into the right to receive $46.00 in cash without interest, plus a stub
period dividend of $0.2153333 per share. As a result of the Merger, the
Company became a wholly owned subsidiary of Thames Water Aqua US
Holdings, Inc., a wholly owned subsidiary of Thames.
As part of the Agreement, RWE has caused Marilyn Ware, Chairman of the
board of directors of the Company, to be elected as a member of the Thames
Water International Advisory Council.
The Company's Proxy Statement filed on Schedule 14A for the special meeting of
stockholders approving the Merger, which was first mailed to shareholders of the
Company on or about December 7, 2001, sets forth certain information regarding
RWE, Thames and Sub. RWE obtained the approximately $4.6 billion required to
fund the merger consideration and pay related fees and expenses from (a) the
capital and money markets and (b) internally available funds.
A copy of the press release announcing the closing of the Merger is filed as
Exhibit 99.1 to this Current Report on Form 8-K and is incorporated by reference
For about a golden Apollo, GO TO > > > Apollo
Hawaii-American Water Company - A subsidiary of American Water
Works Company, Inc..
From their web-site (www.amwater.com):
ALOHA, and welcome to
Hawaii- American Water Company
East Honolulu Community Services is now
Hawaii-American Water Company
In 1998 Hawaii-American Water Company began operations and a new
chapter in Hawaii's utility landscape was written.
East Honolulu Community Services, Inc. (EHCS) became Hawaii-American
Water Company in April 1998 when EHCS was purchased by American
Water Works Company, the nation's largest investor-owned water and
wastewater utility providing service to more than 10 million people in 23
Hawaii-American Water Company is a wholly-owned subsidiary of
American Water Works Company....
We provide wastewater service to residents of East Honolulu and process an
average of 3.8 million gallons of wastewater per day. The wastewater is
treated using state of the art techniques and is thoroughly tested before
wastewater is discharged.
A portion of the wastewater we treat every day can be diverted, and reused
for landscape irrigation in places like the Hawaii Kai Championship Golf
This is just one example of the care and commitment our employees show for
the environment everyday.
* * *
(Catbird Note: Much of East Honolulu is owned, and/or controlled,
by the Trustees of Kamehameha Schools.)
* * *
For related issues, GO TO > > >
* * *
For more about the Kamehameha Schools scandals, GO TO > > > Confessions
of a Whistleblower; Dirty Money, Dirty Politics & Bishop Estate; David C.
Farmer vs. Harmon - Witnesses J. Douglas Ing & Louanne Kam
Ray J. Groves - Incoming chairman and CEO of Marsh, Inc.; director of
American Water Works Company, Inc., Boston Scientific Corp and
Gillette Co.; former director of Allegheny Technologies, Inc.
October 2, 2002
MARSH CHAIRMAN & CEO JOHN T. SINNOTT
TO RETIRE IN 2003
Marsh & McLennan Companies, Inc. (MMC) announced today that John T.
Sinnott, chairman and chief executive officer of Marsh Inc., the company's
risk and insurance services business, will retire from the firm in July 2003.
Ray J. Groves, president and chief operating officer of Marsh Inc., will
succeed Mr. Sinnott as chief executive officer in January and as chairman in
Mr. Groves has been a member of MMC's Board of Directors since 1994,
when he retired from Ernst & Young after serving 17 years as chairman and
chief executive officer. He joined MMC's management team as a senior
advisor in August 2001 and was appointed president and chief operating
officer of Marsh Inc. in October 2001....
Source: Marsh & McLennan Companies, Website: www.marshmac.com
For more on Marsh & McLennan, GO TO > > > The Marsh Birds
For more on Ernst & Young, GO TO > > > P-s-s-t, wanna buy a good audit?
RWE AG - A Germany-based conglomerate. (www.rwe.com)
From Hoover’s Online:
RWE doesn't stand for Runs With Electricity, but it could. The
conglomerate's main utility unit, RWE Energie, provides electricity, gas,
and water to German residential and business customers and is Germany's
#1 electricity supplier.
The holding company for more than 500 energy and industrial interests,
RWE also owns two UK-based utilities: water supplier Thames Water and
UK electricity and gas supplier Innogy.
RWE owns oil and gas exploration and production company RWE-DEA;
other business interests include companies engaged in mining, construction,
and environmental services....
RWE Nukem, Inc. - (Not a joke!)
November 21, 2002
U.S. Energy Corp. Reports the U.S. District
Court Grants Motion of Special Master for
Extension of Time to Complete Final
U.S. Energy Corp Press Release
RIVERTON, Wyo., PRNewswire-FirstCall – U.S. Energy Corp. (Nasdaq:
USEG - News) and Crested Corp. (OTC Bulletin Board: CBAG - News), d/b/a
USECC, reported that on November 19, 2002, USECC received an Order
from U.S. District Judge Lewis T. Babcock granting a motion filed by the
Special Master to seek an extension of time to file his final accounting
The accounting is being conducted on the trades of uranium from
three former republics of the Soviet Union (Commonwealth of
Independent States, "CIS") by RWE Nukem, Inc. and its
The extension being granted is from December 6, 2002 to March 3, 2003.
RWE Nukem, Inc., a wholly owned subsidiary of German utility
conglomerate RWE AG (OTC Bulletin Board: RWEOY; DAX: RWE GR), is the
Trustee for the Sheep Mountain Partners (SMP/partnership)
SMP is 50% owned by USECC and 50% by RWE Nukem.
According to an Order issued previously by the U.S. District Court on
February 15, 2001, "The only remaining assets of the SMP Partnership are
the CIS purchase rights and the profits therefrom."
The Court appointed Raymond L. Friedlob as Special Master to determine
the amount owed by RWE Nukem to the partnership and to file a report with
The Special Master engaged the Denver-based accounting firm of Cordes &
Co. to assist him in conducting the accounting.
At a status hearing held in August 2002, the Court set December 6, 2002 as
the deadline for the Special Master to file his report, and ordered a further
scheduling hearing for December 13, 2002.
The Special Master's Motion for extension notes, "The accountant assisting
the Special Master, Cordes & Company ('Cordes'), has notified the Special
Master that as a result of a delay in the receipt of certain
documentation and information from Nukem and its affiliates requested
previously, which Cordes believed would be delivered in October 2002,
Cordes will be unable to complete their work on the final accounting by
December 6, 2002. Cordes is awaiting information relating to repurchases,
cash disbursements and sales transactions, among other items, from Nukem
and is unable to complete its work until this information has been received
"We are not completely surprised that the Special Master will not complete
the accounting by December 6, 2002, as ordered by the Court," commented
John L. Larsen, Chairman of both U.S. Energy Corp. and Crested Corp.
"In the past, Nukem has refused to provide an accounting to USECC, as
trustee of the SMP constructive trust and we understand the difficult task
the Special Master is confronting. We appreciate the diligent efforts of the
Special Master and his accountants and eagerly await the pending resolution
of this litigation and USECC's receipt of its share of profits from the
constructive trust. We also look forward to the future marketing of
USECC's share of the CIS uranium to enhance our Companies'
profitability and balance sheets," Larsen concluded....
For more you need to know before you glow, GO TO > > > The Nuclear
# # #
TO WATCH MORE OF YOUR WATER (AND YOUR MONEY) BEING
FLUSHED DOWN THE DRAIN,
The Blackstone Group
Dirty Money, Dirty Politics & Bishop Estate
P-s-s-t, wanna buy a good audit?
The Marsh Birds
The Nuclear Nests
Birds that Drink from Cesspools
The Story of Enron
Spotting the SEC
What Price Waterhouse?
The World Bank
The World Trade Organization
~ o ~
MORE OF THE CATBIRD’S FAVORITE LINKS
THE CATBIRD SEAT FORUM
THE CATBIRD SEAT
~ o ~
FAIR USE NOTICE. This site contains copyrighted material the use of which
has not always been specifically authorized by the copyright owner. We are making
such material available in our efforts to advance understanding of environmental,
political, human rights, economic, democracy, scientific, and social justice issues,
etc. We believe this constitutes a 'fair use' of any such copyrighted material as
provided for in section 107 of the US Copyright Law. In accordance with Title 17
U.S.C. Section 107, the material on this site is distributed without profit to those
who have expressed a prior interest in receiving the included information for
research and educational purposes.
For more information go to: http://www.law.cornell.edu/uscode/17/107.shtml.
If you wish to use copyrighted material from this site for purposes of your own
that go beyond 'fair use', you must obtain permission from the copyright owner.
Last update August 23, 2007, by The Catbird