Disambiguation:
MI-3 = Livery Companies’ patent-pool supply-chain protection racket using Privy Purse Forfeiture Fund Marcy (Forfeiture Fund – KPMG Small Business Auction – Liquidation – Prisoner Medical Services – JABS)
+ Inkster (Queen’s Privy Purse – KPMG tax shelter – RCMP Wandering Persons Registry – Escrow fraud)
+ Interpol (Berlin 1942-1945 – Operation Paperclip into Foreign Fugitive File – William Higgitt - Entrust)
+ Intrepid (William Stephenson – GAPAN patent pool – MitM Pearl Harbor attack – Kanada Kommando)
MI-3 = Marine Interruption Intelligence and Investigation unit set up in 1987 to destroy above
McConnell notes that in Book 12 at www.abeldanger.net, agents deployed by his Marine Interruption, Intelligence and Investigations (MI-3) group are mingling in various OODA modes with agents of the Marcy Inkster Interpol Intrepid (MI-3) Livery protection racket based at Skinners’ Hall, Dowgate Hill.
Prequel 1: #1739: Marine Links MI-3 Innholders to Host Marriott Obama Snuff Films, Gareth Williams Clean-Up Crew
Prequel 2: #1473: Marine Links Obama Hastily Formed Network KVM Switches to Katrina-Pam Underwater Bombs
When The Levees Break - Bombing of the Lower 9th Ward 1/8
Hurricane Katrina Bombing Testimony - Revol Radio 2006 Mix - By Bro. Cadence
When The Levees Break - Bombing of the Lower 9th Ward 6/8
Stories of Hurricane Katrina - 5 yrs. later: Marriott & Ritz-Carlton Associates
Note Ubilium antennae
Ritz-Carlton New Orleans Overture to the Cultural Season’s 36th annual fund-raiser: Event co-chairs Mike Theis and Jude Swensen with Dale Rathke and event co-chair Gerri Valene
Spoliation of evidence of Ubilium bombs and Undex residue – houses gutted by Acorn
“Evidence of Explosives Found at Levee Break
NEW ORLEANS (September 9, 2005) — Divers inspecting the ruptured levee walls surrounding New Orleans found something that piqued their interest: Burn marks on underwater debris chunks from the broken levee wall!
One diver, a member of the U.S. Army Corps of Engineers, saw the burn marks and knew immediately what caused them. He secreted a small chunk of the cement inside his diving suit and later arranged for it to be sent to trusted military friends at a The US Army Forensic Laboratory at Fort Gillem, Georgia for testing.
According to well placed sources, a military forensic specialist determined the burn marks on the cement chunks did, in fact, come from high-explosives. The source, speaking on condition of anonymity said “We found traces of boron-enhanced fluoronitramino explosives as well as PBXN-111. This would indicate at least two separate types of explosive devices.”
The levee ruptures in New Orleans did not take place during Hurricane Katrina, but rather a day after the hurricane struck. Several residents of New Orleans and many Emergency Workers reported hearing what sounded like large, muffled explosions from the area of the levee, but those were initially discounted as gas explosions from homes with leaking gas lines.
If these allegations prove true, the ruptured levee which flooded New Orleans was a deliberate act of mass destruction perpetrated by someone with access to military-grade UNDERWATER high explosives. http://www.mullingitover.com/wpress/2005/09/07/were-the-levees-bombed/”
“[Spoliation and sabotage at CSI coordinated with ] ACORN members across the country, particularly in the Gulf region, have organized fund-raising and organizing drives to ensure that victims of Hurricane Katrina will receive assistance and will be able to return to affected areas.[citation needed] ACORN's home clean-out demonstration program has gutted and rebuilt over 1,850 homes with the help of volunteers. The ACORN Katrina Survivors Association formed in the aftermath of the storm is the first nationwide organization for Katrina survivors and has been working for equitable treatment for victims. Displaced citizens were bused into the city for the New Orleans primary and general elections. ACORN says its Housing Services have helped more than 2,000 homeowners affected by the storm and is an official planner working with the city on reconstruction.[19]”
“Ubilium for the Hospitality and MDU Market
Both wired and wireless high-speed Internet access has rapidly entrenched itself as an integral amenity for the hospitality industry. The importance of high-speed services in the hospitality industry will continue to grow with the emergence of additional value added broadband services such as Voice Over IP and Video-on-Demand.
Ubililum hospitality solutions provide operators with the specialized technology and expertise to meet the requirements of this market:
Customized and branded end-user sign-on page and redirect portal.
Ability push location based content through the sign-on and portal pages.
A user friendly self service portal for end-users to purchase broadband access and related services and manage their accounts without any customer care intervention.
A completely customizable billing solution that seamlessly integrates with the hotel’s property management system.
Transparent connectivity for end users with no reconfiguration required.
Responsive 24X7 Help Desk for end-users and hospitality staff.
Multi Dwelling Units (MDU) such as condominium and apartment complexes also benefit from the same turnkey managed services by offering broadband access services to tenants. Through Ubilium, building managers can not only profit from offering broadband access as a billable service, but tenants can also benefit from the convenience of the prepackaged services at significantly competitive rates.”
“Thursday, May 28, 2009
The Embezzlement of Dale Rathke
Starting sometime in the late 1990's and ending sometime in the early part of this decade, Dale Rathke was involved in embezzling somewhere in the neighborhood of $1 million from the ACORN accounting and financial services arm Citizen Consulting Incorporated. At the time, Dale Rathke was heading up CCI. As I have pointed out, CCI has acted as the weigh station for all financial funds for ACORN and all its affiliates. In other words, any money earmarked for any activity within the ACORN network starts out at CCI.
…
Meanwhile, Dale Rathke was moved to another ACORN affiliate and was removed from any financial matters. Then sometime in 2008, someone within ACORN leaked word of the embezzlement to a funder of ACORN. A funder, in this case, is a group or individual that gives the group money for any number of activities within the community: voter registration, feeding the homeless, health care, labor activities, etc. Since these funders were giving money for charitable work in the community and NOT so that Dale Rathke could live it up, many became furious.
By June of 2008, Wade Rathke was finally facing the wrath of the Executive Committee. He, along with the group of deputies he told initially, told the board the same thing that Rathke told them initially. It was important to keep this quiet or enemies of ACORN would use it to smear the group. That's why Wade Rathke did what he did he explained. The board was only mildly sympathetic. Dale Rathke was removed from the organization entirely and in June of 2008, Wade Rathke's 38 year tenure as CEO of ACORN ended. He was, however, allowed to remain head of ACORN international, the SEIU in New Orleans, as well as running a media arm of ACORN. The other folks remained in their positions of power: Hurd is now the head of the Executive Committee, Kest now runs the New York office (and two insiders tell me they believe he, along with his brother Steve are the real power behind the whole organization now) Lewis replaced Rathke as CEO, and Pollack continues to run their political operations. Finally, another funder decided to buy the so called paper in order to remove the loan from the books of CCI and all other ACORN affiliates. Beyond this, all of this conveniently came out just after the statute of limitations ended on any said crimes. Finally, the fir that audited CCI, Duplainer, Hrapmann, Hogan and Maher, L.L.P, then would have signed off not only on the credit card uses but ultimately the loans created to cover it up. The same firm continues to audit CCI today.”
“The Ritz-Carlton Hotel Company, L.L.C. is the parent company to the luxury hotel chain, The Ritz-Carlton Hotels. Ritz-Carlton operates 81 luxury hotels and resorts in major cities and resorts in 26 countries worldwide.[2] The current company was founded in 1983, when the brand was bought from the previous owners to start The Ritz-Carlton Hotel Company, L.L.C., based in Atlanta, Georgia, which began expansion of the brand to other locations. The hotel company is today a subsidiary of Marriott International.”
“Moving Pictures Event co-chair Jude Swensen wasn’t the only person who enjoyed herself on the night of Oct. 10. Of course, she may have been the only one serenaded by the wait staff at the Ritz-Carlton New Orleans in honor of her birthday, but all 250 people who attended the Overture to the Cultural Season’s 36th annual fund-raiser had a memorable night. Originally scheduled in mid-September, but moved due to hurricane Ivan, this year’s party theme was “Hollywood’s Golden Era, An Affair to Remember,” with some of the highlights being “Rick’s Bar”—hosted by Julio Gonzalez—which served a special “Ingrid Bergman Casablanca” cocktail and Tommy Ellis and his orchestra recreating vintage sounds. Earlier in the evening, Restaurant August hosted the patron party in its penthouse, but the Ritz provided beef wellington and baked Alaska during the gala. Among all of the fabulous silent auction items were a Mario Villa print worth $5,000, the use of George Benedetto’s yacht and United Airline tickets.” “Wall Street Journal Friday, April 17, 1998
Host Marriott Plans to Become REIT, Purchase Luxury Hotels
By CHRISTINA BINKLEY and DAVID D. KIRKPATRICK | Staff Reporters of
THE WALL STREET JOURNAL
Host Marriott Corp. is expected to announce Friday that it is converting itself into a real-estate investment trust and has agreed to buy a $1.2 billion luxury-hotel portfolio from Blackstone Group .
Host Marriott, which is based in Bethesda, Md., and has been considering the REIT conversion for months, will also spin off its 31 senior living centers into a new publicly traded company, according to several people familiar with the three-step transaction.
The Blackstone portfolio consists of 13 hotels, including several Four Seasons, Ritz-Carltons and other top brand names in Boston, Atlanta and other major cities. Host Marriott has agreed to pay $940 million in partnership units -- units that are convertible to stock -- $243 million in cash, and will assume $592 million in debt, the people said. The move makes Blackstone, a New York investment company, Host Marriott's largest investor, controlling 18% of the company.
The plans amount to a big step away from Host Marriott's close relationship withMarriott International Inc. MAR +1.40% When it split from Marriott in 1993, HostMarriott took most of the then-troubled hotelier's real estate and debt and left behind the lucrative management contracts. But the Marriott family retained substantial control until now. If the Blackstone transaction closes as expected next Jan. 1, the Marriott family will control only a 9% share of Host Marriott.
An Active Investment
Blackstone executives view the sale as an active investment in Host Marriott, rather than an exit from their ownership role in the hotels, according to people close to Blackstone. Further, Host Marriott for the first time in any significant manner will have relationships with competitors of Marriott International. By launching a "multibrand" strategy, Host Marriott will own properties managed by Ritz-Carlton Hotel Co., Four Seasons HotelsInc., Hyatt Hotels Corp. and SAirGroup's Swissotel unit, inaddition to its collection of about 100 Marriott-brand hotels. "Up until now we have been buying essentially Marriott brands," said a person close to Host Marriott.
The purchase of the Blackstone portfolio and the REIT conversion are expected this year to be somewhat dilutive -- as much as 10 cents a share --to Host Marriott's funds from operations, a measure of cash flow that is closely tracked by the REIT industry, the people said. But in 1999, the new hotels are expected to add roughly six cents a share, and the REIT status about 20 cents a share to funds from operations.
By converting to a REIT, Host Marriott is joining a trend sweeping the hotel real-estate business. REITs have come to dominate the industry in the past three years in part because they pay no corporate income taxes. Instead, they must distribute at least 95% of their taxable income to shareholders as dividends. A person close to Host Marriott said it is difficult for the company to compete with its tax-free competitors without adopting REIT status.
After years of paying little or no taxes because of the high debt it assumed when it split from Marriott International, Host Marriott paid $20 million in taxes last year. That figure is expected to balloon in coming years.
Host Marriott considered various REIT options, such as buying a rare "paired-share" REIT or becoming a "paper-clip" REIT. Most REITs must lease their properties to other operators, but those versions allow the trusts" management to more closely operate the real estate that they own.
Lobbying Against REITs
Since last year, Marriott International has lobbied strenuously against paired-share trusts, which allow a few REITs to operate hotels and still avoid almost all corporate income taxes. Ultimately, though, Host Marriott executives opted for a more traditional REIT structure that will require it to lease to an independent tenant, which will then hire Marriott International or another company to operate them.
In this case, the outside hotel tenant will be the newly created senior-housing company Host Marriott plans to spin off. The senior-housing company will keep about 3% of the hotels' cash flow that would have gone to the landlord after paying an outside operator; Host Marriott will receive about 97% as much cash flow from each hotel as it did previously.
The newly created senior-housing company will have different management and board members from Host Marriott. The company rejected operating separate landlord and tenant companies with the same management and board -- a fad in hotel finance known as a paper-clip REIT. "When the same management runs two companies with different shareholder bases, you have the potential for a conflict of interest," said a person close to Host Marriott, "This way they are obviously at arms" length."
The company hopes that paying a high dividend instead of corporate taxes will also boost its stock price and make acquisitions easier to afford, as it has for its REIT competitors. Another edge: REITs can pay for purchases with a special form of securities convertible to stock that enables a seller to defer capital-gains taxes. That advantage has made REITs the buyers of choice for hotel owners that have seen big gains in property values. The Blackstone Group will take its stake in Host Marriott in tax-deferred form, and the sale is contingent on the company's successful conversion to a REIT.”
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