“A Mexican telecom mogul who holds the title of world’s richest man, and one of President Obama’s top donors are both getting even richer from the U.S. government program that supplies so-called ‘Obamaphones’ to the poor. Carlos Slim, who has an estimated net worth of $70 billion, owns a controlling stake in TracFone, which makes $10 per phone for each device it provides to poor Americans. The program, which began in the mid-1980s, has exploded in the past four years after being expanded from supplying landlines to the poor to providing cellular phones.”
Related posts:
France tells U.S. to stop snooping but cools dispute
Oliver Stone on NSA Spying
Midwestern farmers brace to lose billions in trade war
Dubai offers gold to fight obesity epidemic
Peru dethrones Colombia as cocaine king
Andorra bows to EU pressure to introduce first-ever income tax
Pelosi: Congressional pay cut undermines dignity of the job
A war the Pentagon doesn’t want
Thai airport officials linked to rhino poaching
Dutch chemical trader ordered to pay victims of Saddam Hussein’s gas attacks
State Department oversight of climate change spending abroad is a mess, watchdog reports
Police Caught Planting Drugs In Small Business
Judge blocks BART union's proposed strike in San Francisco through October
State Law Hides Investigations of Police Misconduct from Public Scrutiny
Fort Hood shooting suspect apologizes for U.S. ‘illegal and immoral aggression’ against Muslims