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Reply #86: after she voted for Bu$h's tax cuts in 2001 ... [View All]

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cosmicdot Donating Member (1000+ posts) Send PM | Profile | Ignore Tue Dec-06-05 11:56 PM
Response to Original message
86. after she voted for Bu$h's tax cuts in 2001 ...
Edited on Tue Dec-06-05 11:58 PM by cosmicdot
she posted a rather lengthy 'explanation' of her vote (which, of course, helped to enable and kick-start the Bu$hCo. agenda of destroying social progress) ... I didn't save a copy at that time; however, I recently wrote asking for a copy or a link to it on her website ..................... I'm still waiting for a response.

The right opponent with the right ads and campaign can expose much about Feinstein. With the Internet explosion, things have rapidly changed since 2000. Our Hill members have seen an amazing increase in the number of people paying closer attention to their every move ... a new phenomenon for inside the Beltway from outside the Beltway.


from 2003:

Army contract for Feinstein's husband
Blum is a director of firm that will get up to $600 million

David R. Baker, Chronicle Staff Writer

Tuesday, April 22, 2003

~snip~
URS boasts some 25,000 employees working in more than 20 countries. Although the firm has a long history of government work, it has focused more on those activities since acquiring EG&G from the Carlyle Group investment firm last year for about $500 million.
~snip~

http://www.sfgate.com/cgi-bin/article.cgi?file=/c/a/2003/04/22/MN310531.DTL

War brings business to Feinstein spouse

Blum's firms win multimillion-dollar defense contracts in Iraq, Afghanistan

Phillip Matier, Andrew Ross
Sunday, April 27, 2003

When it comes to scoring mega-military-related contracts, Sen. Dianne Feinstein's multimillionaire husband, Richard Blum, is right in the thick of things.

First up: a contract announced last week between the Army and URS Corp., the San Francisco planning and engineering company that specializes in defense work -- and that happens to be partly owned by Blum's investment firm.

The contract -- which could grow to $600 million -- is to help with troop mobilization, weapons systems training and anti-terrorism methods.

That's on top of a $3.1 billion Army contract that URS snared back in February for weapons systems and homeland defense.

Next up: Perini Corp., which qualified earlier this month for as much as $100 million of defense work in Iraq and elsewhere. The Massachusetts-based company is already busy building barracks and other facilities for the new Afghan army -- a separate contract worth $28 million.

Blum's investment firm controls about 20 percent of Perini's shares, with the majority held by a group of investors led by company chairman Ron Tutor.

~anip~

But it's Blum's ties to URS -- in which he controls about a quarter of the stock -- that are certain to raise the most questions.
~snip~

http://sandiego.indymedia.org/en/2003/04/5656.shtml


The Carlyle Group was a beneficial owner of Feinstein's husband's business, holding amost 22% of URS's stock ... AFAIC, that's being in bed with the BFEE.

September 24, 2003

#2003-41pc (issued by portfolio company)

URS Corporation Announces Pricing of Secondary Offering of Common Stock by The Carlyle Group

SAN FRANCISCO, CA - URS Corporation (NYSE: URS) announced today that The Carlyle Group, through its affiliate TCG Holdings, L.L.C., has sold 7,064,033 shares of the Company’s currently outstanding common stock for gross proceeds to such stockholder before expenses of $135,982,635. Morgan Stanley, Credit Suisse First Boston, Lehman Brothers, D. A. Davidson & Co. and Morgan Joseph & Co. Inc. acted as underwriters for the offering. URS has granted the underwriters an option to purchase up to 1,059,605 shares from the Company to cover over-allotments, if any. Blum Capital Partners, L.P. declined to participate in the sale.
~snip~

http://www.carlyle.com/eng/news/l5-news2641.html

and, had presence on URS's Board of Directors"

Joseph E. Lipscomb has served as one of our directors since August 2002. Mr. Lipscomb was elected to the Board pursuant to a Management Rights and Standstill Agreement by and among Carlyle-EG&G, L.L.C., EG&G Technical Services Holdings, L.L.C. and TC Group L.L.C. (collectively, the “Carlyle Entities”) and URS (the “Standstill Agreement”), which we entered into in connection with our acquisition of Carlyle-EG&G Holdings Corp. and Lear Siegler Services, Inc. (the “EG&G acquisition”) on August 22, 2002. For so long as the Carlyle Entities and their affiliates collectively own or control at least 10% of our voting stock, the Standstill Agreement requires us to nominate Mr. Lipscomb (or, in the event that Mr. Lipscomb can no longer serve, an individual designated by the Carlyle Entities and reasonably acceptable to us) for election to the Board. The Carlyle Entities have also agreed to certain standstill provisions and restrictions on transfer of shares of our outstanding capital stock that they hold under the Standstill Agreement. Mr. Lipscomb has served as the Managing Director of The Carlyle Group since 2001, where he joined as a Principal in 1999. Mr. Lipscomb served as Vice President of BT Alex Brown from 1997 to 1998 and as a Principal of BT Alex Brown from 1998 to 1999.

TCG Holdings, L.L.C. 7,064,033 21.74 %
c/o The Carlyle Group
1001 Pennsylvania Avenue
Washington, D.C. 20004

http://www.sec.gov/Archives/edgar/data/102379/000095014903000399/f87695def14a.htm

Current Proxy filing
http://www.sec.gov/Archives/edgar/data/102379/000095013405003410/f05781def14a.htm

Of course, she's not the only Hill member beholden to corporations ... but, having a relative profit off her votes is Conflict of Interest.
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