A ban on public funding of presidential conventions was quietly signed into law by Barack Obama on Thursday in a move that could further increase the dependency of US political parties on wealthy donors.

A day after the supreme court removed aggregate limits on how much wealthy individuals can spend supporting candidates, the White House agreed to enact legislation dismantling what was left of an alternative public financing model set up after the Watergate scandal.

US taxpayers could previously elect to earmark $3 (pdf) each year to help support presidential candidates, primaries and conventions in a bid to reduce their reliance on donors, but the amount spent has dwindled in recent years as parties increasingly ignore the subsidies on offer because they require agreeing to some limits on overall spending.

Federal authorities have opened a criminal investigation into a recent $400 million fraud involving Citigroup’s Mexican unit, according to people briefed on the matter, one of a handful of government inquiries looming over the giant bank.

The investigation, overseen by the F.B.I. and prosecutors from the United States attorney’s office in Manhattan, is focusing in part on whether holes in the bank’s internal controls contributed to the fraud in Mexico. The question for investigators is whether Citigroup — as other banks have been accused of doing in the context of money laundering — ignored warning signs.

http://mobile.nytimes.com/blogs/dealbook/2014/04/02/crime-inquiry-said-to-open-on-citigroup/

Exclusive: Though lacking legitimacy from national elections, Ukraine’s coup regime has approved a harsh IMF austerity plan that hits Ukraine’s “99 percent” the hardest and asks little from the country’s “1 percent,” including the corrupt “oligarchs,” reports Robert Parry....

What is also striking about the IMF plan is that it puts virtually all the pain on average Ukrainians. There is nothing in the economic “reform” package that extracts some of the ill-gotten gains from Ukraine’s ten or so “oligarchs,” the multimillionaires and even billionaires who largely plundered Ukraine’s wealth after the collapse of the Soviet Union in 1991.There is no plan for demanding that these “oligarchs” kick in some percentage of their net worth to help their own country. Instead, hard-pressed citizens of the United States and Europe are expected to carry the financial load....

As the New York Times reported, “Senior Western officials said on [March 26] that the loans from the United States and from the I.M.F. would be structured to get the government through its first few months without undue political upheaval, putting off some of the more difficult changes until after the May election. The West has also chosen not to press for early parliamentary elections, one senior official said, because ‘the priority now is stabilization in Kiev and de-escalation with Moscow.’”

Given such bleak economic prospects — and evidence of Western manipulation of the political process – is it any wonder that more than 90 percent of the voters in Crimea opted to leave Ukraine and rejoin Russia?

http://consortiumnews.com/2014/04/02/ukrainians-get-imfs-bitter-medicine/

Sovaldi, a new hepatitis C treatment, can cure up to 90 percent of patients within three months. There's just one problem: The drug costs $1,000 a day. That price tag has thrown the biotechnology world into turmoil, as lawmakers and insurance companies complain that Sovaldi's maker is trying to milk desperate patients.

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Lawmakers: Perhaps motivated by the high costs to taxpayers, lawmakers are pushing Gilead to explain why it charges so much. It doesn't help that Gilead is offering Sovaldi in Egypt at a 99 percent discount to U.S. prices, or about $900 for a full course of treatment.

http://www.cbsnews.com/news/1000-a-day-miracle-drug-shocks-us-health-care-system/

(Reuters) - The Central Intelligence Agency misled the U.S. government and public for years about aspects of its brutal interrogation program, concealing details about harsh treatment of detainees and other issues, according to a report in the Washington Post.

U.S. officials who have seen a Senate Intelligence Committee report on the CIA interrogation program described damning new information about a network of secret detention facilities, also called "black sites", the Washington Post said.

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At the "black sites", prisoners were sometimes subjected to harsh interrogation techniques even when analysts were sure they had no more information to give, said the report, which the Post said was based on interviews with current and former U.S. officials.

Read more: http://www.businessinsider.com/r-cia-misled-public-on-interrogation-program-newspaper-reports-2014-01#ixzz2xfNNNxiA