Sunday, October 21, 2007

Fans of the American hard rock band Aerosmith have launched legal action against the band in response to a late cancellation of a scheduled concert on the Hawaiian Island of Maui.

Attorney Brandee Faria filed a class action suit in Hawaii Circuit Court on October 19. The suit alleges that the band’s cancellation cost fans between US$500,000 (€349,944) and $3 million (€2.1 million) in travel and accommodation costs, as well as other related expenses.

The sold-out September 26 Maui concert – originally planned months before as the final show of a world tour that began in Brazil in April – was canceled by the band on the basis that they could not make it to the island in time after a September 24 concert in Chicago. The Chicago concert, which attracted 18,000 people, was rescheduled at the last minute after the original September 10 concert date had been postponed due to illness.

The band canceled the show at Maui’s War Memorial Stadium, which was set to be attended by 9,000 people, and apologized to fans. The band’s management company, HK Management Inc., gave no initial reason when they canceled on September 20, but blamed logistical reasons by the next day.

However, just days later, on September 29, the band traveled to the neighbor island of Oahu to play a corporate event in Honolulu for Toyota car dealers and private guests. An audience of 6,000 people celebrated the 50th anniversary of the Japanese automobile manufacturer at the University of Hawaii, with Toyota paying $500,000 (€349,944) to hire the campus. Aerosmith received $1 million (€700,000) to perform at the event. Faria alleges that Aerosmith abandoned the scheduled public concert on Maui in favor of the more lucrative corporate event on Oahu.

“…Defendants simply canceled the only public performance by Aerosmith in favor of the larger Chicago venue and the lucrative, private concert for the Toyota car dealers,” the complaint states.

Local officials had hoped the concert would attract other big names to the island.

Faria said that “I’ve had people contact me being out of pocket at much as $800 or $900,” adding that if the cancellation is found to be deceptive ticket holders may be eligible for a minimum of $1,000 each. The complaint also says that those aged 62 or over should receive at least $5,000 each. Currently about a dozen ticket holders are involved with the suit. If the action is approved by a judge, steps will be taken to contact everyone who purchased a ticket.

Sunday, May 18, 2014

The governor of the Bank of England, Mark Carney, has warned that the state of the housing market in the United Kingdom is the current biggest domestic threat to the country’s economy, due to lack of house building, and regulatory issues.

In an interview to be aired on Sky News today, he said the housing market is the “biggest risk” to the economy and has “deep, deep structural problems”. Of house building he said: “There are not sufficient houses built in the UK. To go back to Canada, there are half as many people in Canada as in the UK, twice as many houses are built every year in Canada as in the UK and we can’t influence that.”

“We’re not going to build a single house at the Bank of England. We can’t influence that. What we can influence […] is whether the banks are strong enough. Do they have enough capital against risk in the housing market?”

Carney also said the Bank of England would look into the procedures used to issue loans and mortgages to see if they were being granted appropriately: “We’d be concerned if there was a rapid increase in high loan-to-value mortgages across the banks. We’ve seen that creeping up and it’s something we’re watching closely.”

Kris Hopkins responded to Carney on behalf of the government, saying the government “inherited a broken housing market, but our efforts to fix it are working”. “We’ve scrapped the failed top-down planning system, built over 170,000 affordable homes and released more surplus brownfield sites for new housing. We’ve also helped homebuyers get on the housing ladder, because if people can buy homes builders will build them. Housebuilding is now at its highest level since 2007 and climbing. Last year councils gave permission for almost 200,000 new homes under the locally-led planning system and more than 1,000 communities have swiftly taken up neighbourhood planning. It’s clear evidence the government’s long-term economic plan is working.”

Earlier this month, the Organisation for Economic Co-operation and Development called on the UK government to “tighten” access to the ‘Help to Buy’ scheme introduced by George Osborne and the coalition government in 2013. ‘Help to Buy’ has also recently been criticised by three former Chancellors of the Exchequer — the Conservatives Norman Lamont and Nigel Lawson, and former Labour Chancellor Alistair Darling. Darling said: “Unless supply can be increased substantially, we will exacerbate that situation with schemes like Help to Buy.”

Tuesday, August 21, 2007

West Virginia University has once again been named “number 1 party school” by the Princeton Review.

School administrators say they are disappointed, because they have been trying to curb underage drinking and rowdy behavior. The school has made the list seven times in the past 15 years. WVU senior Katie O’Hara says the school keeps making the list because, “No matter what kind of party you want it’s here — bars, fraternities, house parties.”

New WVU President Mike Garrison said, “I’m focused on the way this university changes people’s lives, the research that we do and the service we provide to the state of West Virginia.”

Garrison also pointed out the university finished among the top ten in other categories: No. 4 in Students Pack the Stadiums; No. 5 for Best College Library; No. 6 for Lots of Beer; No. 7 for Lots of Hard Liquor; and No. 8 for Best College Newspaper.

At number two on the party list was the University of Mississippi, followed by the University of Texas at Austin, the University of Florida, the University of Georgia, and Penn State University.

However, Brigham Young University, took the top spot in the “stone cold sober” category for the tenth year in a row.

December 25, 2004

Officials in Mumbai, India, demolished over 6,000 shanties today in a push to eradicate the capital city’s slums. In total, 39,000 shanties have been flattened, displacing over 200,000 people, in the city’s biggest-ever demolition drive, which began in early December.

When complete, over 2 million people are expected to be displaced. After wiping out the least desirable shanties, next in line for demolition are the illegal ‘well-off’ shanties and neighborhoods, according to the legal and bureaucratic motions that have been executed toward cleaning up Mumbai’s appearance by lowering the dominance of shanties, which make up 62 percent of Mumbai’s housing.

“As far as eye can see, there are mounds of wood, tin and tarpaulin, the remains of 6,200 illegal homes, flattened by a heavy excavator running on tank-like tracks and giant motorised claws,” the Indian Express reported about today’s destruction. [1]

Chief Minister Vilasrao Deshmukh said that citizens would see a change within six months. “Every chief minister likes to be remembered, and I’m no exception,” said Deshmukh, who despite having an empty exchequer, also announced that Rs 31,000 crore will be spent on new roads, sea links and rail lines. [2]

Sunday, February 22, 2009

A U.S. Court of Appeals on Friday has declared unconstitutional California Assembly Bills 1792 & 1793, the California “ultraviolent video games law” that sought to ban the sale or rental of violent video games to minors.

Federal judge Consuelo M. Callahan has ruled that the 2005 statewide ban, which has yet to be enforced, violates minors’ rights under the US Constitution’s First and 14th amendment because even the most graphic on-screen mayhem, video game content represents free speech that cannot be censored without proper justification.

The Court has ruled that there’s no convincing evidence it causes psychological damage to young people. The 3-0 judgment has affirmed an earlier ruling by a U.S. District Court, which barred enforcement of the law on the basis that it was “unduly restrictive” and “used overly broad definitions,” and that the state failed to show that the limitations on violent video games would actually protect children.

In 2005, Leland Yee (???), a California State Senator (in District 8 which includes the western half of San Francisco and most of San Mateo County), Speaker pro Tempore of the Assembly (D-San Francisco/Daly City), introduced California Assembly Bills 1792 & 1793 which barred “ultra-violent” video games from minors under the age of eighteen in California and mandated the application of ESRB ratings for video games.

“California Assembly Bills 1792 & 1793” were commonly called the “ultraviolent video games bills” or simply “video game ban” bills. Bill 1792 banned the sales of such video games while Bill 1793 required signs explaining the regulations on said games to be placed where such were sold. Both bills were passed by the Assembly and signed by Governor Arnold Schwarzenegger into law (AB 1179) on October 7, 2005.

Explicitly, these two bills provided that:

  • AB 1792 will place ultra-violent video games into the “matter” portion of the penal code, which criminalizes the sale of said material to a minor.
  • AB 1793 will require retailers to place M-rated games separate from other games intended for children, and will also require retailers to display signage explaining the ESRB rating system.

Yee, a former child psychologist has publicly criticized such games as Grand Theft Auto: San Andreas and Manhunt 2, and opposes the U.S. Army’s Global Gaming League.

On October 17, 2005, before the effectivity of the challenged Act, plaintiffs Video Software Dealers Association, the not-for-profit international trade association dedicated to advancing the interests of the $32 billion home entertainment industry and Entertainment Software Association, a 1994 US trade association of the video game industry have filed lawsuit (D.C. No. CV-05-04188-RMW) against the defendants Governor Arnold Schwarzenegger, CA Attorney General, Edmund G. Brown, Santa Clara County District Attorney George Kennedy, City Attorney for the City of San Jose, Richard Doyle, and County Counsel for the County of Santa Clara, Ann Miller Ravel.

Plaintiffs’ counsel, Jenner & Block‘s Paul M. Smith has filed a declaratory relief to invalidate the newly-enacted California Civil Code sections 1746-1746.5 (the “Act”), on the grounds that it allegedly violated 42 U.S.C. § 1983 and the First and Fourteenth Amendments.

Plaintiffs have submitted that “the Act unconstitutionally curtailed freedom of expression on its face based on content regulation and the labeling requirement, was unconstitutionally vague, and violated equal protection. California’s restrictions could open the door for states to limit minors’ access to other material under the guise of protecting children.”

By December 2005, both bills had been struck down as unconstitutional, by Ronald M. Whyte, District Judge, Presiding in the United States District Court for the Northern District of California in San Jose, thereby preventing either from going into effect on January 1, 2006.

Judge Whyte has granted plaintiffs’ motion for a preliminary injunction in “Video Software Dealers Ass’n v. Schwarzenegger,” 401 F. Supp. 2d 1034 (N.D. Cal. 2005), and cross-motions for summary judgment, in “Video Software Dealers Ass’n v. Schwarzenegger,” No. C-05-04188, slip op. (N.D. Cal. Aug. 6, 2007).

Similar bills were subsequently filed in such states as Illinois, Oklahoma, Minnesota, Michigan and Louisiana have been ruled to be unconstitutional by federal courts on First Amendment grounds, according to Sean Bersell, a spokesman for the Entertainment Merchants Association.

The defendants, in the instant Case No. 07-16620, have timely appealed the judgment. On October 29, 2008, the appealed case was argued and submitted to the Sacramento, California‘s U.S. Court of Appeals, hence, the promulgation of the instant 30 pages decision (No. 07-16620; D.C. No. CV-05-04188-RMW) by Alex Kozinski, Chief Judge, Sidney R. Thomas and Consuelo M. Callahan (who wrote the court’s opinion), United States Court of Appeals for the Ninth Circuit Judges.

In the ban’s defense, Deputy Attorney General for the State of California, Zackery Morazzini has contended that “if governments restrict the sale of pornography to minors, it should also create a separate category for ultra-violent video games.” Edmund Gerald “Jerry” Brown, Jr., California Attorney General, has also argued that “the Court should analyze the Act’s restrictions under what has been called the ‘variable obscenity’ or ‘obscenity as to minors’ standard first mentioned in Ginsberg, 390 U.S. 629. The Court’s reasoning in Ginsberg that a state could prohibit the sale of sexually-explicit material to minors that it could not ban from distribution to adults should be extended to materials containing violence.”

The “Fallo” or dispositive portion of the judgment in question goes as follows:

We hold that the Act, as a presumptively invalid contentbased restriction on speech, is subject to strict scrutiny and not the “variable obscenity” standard from Ginsberg v. New York, 390 U.S. 629 (1968). Applying strict scrutiny, we hold that the Act violates rights protected by the First Amendment because the State has not demonstrated a compelling interest, has not tailored the restriction to its alleged compelling interest, and there exist less-restrictive means that would further the State’s expressed interests. Additionally, we hold that the Act’s labeling requirement is unconstitutionally compelled speech under the First Amendment because it does not require the disclosure of purely factual information; but compels the carrying of the State’s controversial opinion. Accordingly, we affirm the district court’s grant of summary judgment to Plaintiffs and its denial of the State’s cross-motion. Because we affirm the district court on these grounds, we do not reach two of Plaintiffs’ challenges to the Act: first, that the language of the Act is unconstitutionally vague, and, second, that the Act violates Plaintiffs’ rights under the Equal Protection Clause of the Fourteenth Amendment.—”Video Software Dealers Association; Entertainment Software Association v. Arnold Schwarzenegger and George Kennedy” – No. 07-16620; D.C. No. CV-05-04188-RMW – Alex Kozinski, Chief Judge, Sidney R. Thomas and

Consuelo M. Callahan, United States Court of Appeals for the Ninth Circuit Circuit Judges.

“We need to help empower parents with the ultimate decision over whether or not their children play in a world of violence and murder,” said the law’s author, Sen. Leland Yee, announcing he wanted Edmund Gerald “Jerry” Brown, Jr., the current Attorney General and a former governor of the State of California, to appeal the decision to the U.S. Supreme Court.

“Letting the industry police itself is like letting kids sign their own report cards and that a self regulating system simply doesn’t work. I’ve always contended that the … law the governor signed was a good one for protecting children from the harm from playing these ultra-violent video games. I’ve always felt it would end up in the Supreme Court,” Sen. Yee explained. “In fact, the high court recently agreed, in Roper v. Simmons (2005), that we need to treat children differently in the eyes of the law due to brain development,” he added.

According to Michael D. Gallagher, president of the Entertainment Software Association, plaintiff, the Court’s ruling has stressed that parents, with assistance from the industry, are the ones who should control what games their children play. “This is a clear signal that in California and across the country, the reckless pursuit of anti-video game legislation like this is an exercise in wasting taxpayer money, government time and state resources,” Gallagher said in a statement.

California’s violent video game law properly seeks to protect children from the harmful effects of excessively violent, interactive video games. While I am deeply disappointed in today’s ruling, we should not stop our efforts to assist parents in keeping these harmful video games out of the hands of children.

Entertainment Software Association members include Disney Interactive Studios, Electronic Arts, Microsoft Corp, THQ Inc, Sony Computer Entertainment America, and Take-Two Interactive Software, the maker of “Grand Theft Auto” games.

Judge Callahan has also reprimanded state lawyers for having failed to show any reasonable alternatives to an outright statewide ban against the ultra-violent video games. “Ratings education, retailer ratings enforcement, and control of game play by parents are the appropriate responses to concerns about video game content,” said Bo Andersen, president and chief executive of the Entertainment Merchants Association.

Andersen continues, “retailers are committed to assisting parents in assuring that children do not purchase games that are not appropriate for their age. Independent surveys show that retailers are doing a very good job in this area, with an 80 percent enforcement rate, and retailers will continue to work to increase enforcement rates even further; the court has correctly noted that the state cannot simply dismiss these efforts.”

California was already forced to pay $282,794 to the ESA for attorneys’ fees, money that would’ve helped with the state’s current budget difficulties. Andersen has urged California government officials not to appeal the case. “The estimated $283,000 in taxpayer money spent by the state on this case is so far an ‘ill-advised, and ultimately doomed, attempt at state-sponsored nannyism.’ A voluntary ratings system already exists to avoid the state-sponsored nannyism of a ban,” he explained.

“The governor believes strongly we have a responsibility to our children and our communities to protect against the effects of video games depicting ultra-violent actions,” said Governor Schwarzenegger spokeswoman Camille Anderson adding the governor was reviewing Friday’s decision.

Deputy Attorney General Zackery Morazzini, the state’s counsel in the appealed case, has stressed that “a law restricting sales of violent games is far more effective than industry self-policing, since the technological controls that the court cited as another alternative can be easily bypassed by any kid with an Internet connection.”

According to Jim Steyer, Founder of Common Sense Media, a non-profit organization of 750,000 regular users dedicated to improving children’s media lives, researches have shown that playing these violent video games are detrimental for kids mental and physical health. “The health threat involved with kids playing such games is equivalent to smoking cigarettes,” Steyer said. “These violent video games are learning tools for our children and clearly result in more aggressive behavior,” said Randall Hagar, California Psychiatric Association’s Director of Government Affairs.

The Federal Trade Commission‘s data reveals that “nearly 70 percent of thirteen to sixteen year olds are able to purchase M-rated (Mature) video games, which are designed for adults; ninety-two percent of children play video or computer games, of which about forty percent are rated M, which are the fastest growing segment of the 10 billion-dollar video game industry; the top selling games reward players for killing police officers, maiming elderly persons, running over pedestrians and committing despicable acts of murder and torture upon women and racial minorities.”

Wednesday, June 20, 2007

Nine firefighters were killed on Monday while battling a massive fire at a furniture warehouse in Charleston, South Carolina.

Firefighters were called to the scene of a massive blaze at the Sofa Super Store in Charleston, S.C. at around 6:30 p.m. EST. At around 7 p.m., nine firefighters were sent inside the inferno to rescue people who were trapped inside the building. They rescued two before the ceiling collapsed on top of them. All nine firefighters who were inside the warehouse died. They are:

  • Capt. William Hutchinson, 48
  • Capt. Mike Benke, 49
  • Capt. Louis Mulkey, 34
  • FF Mark Kelsey, 40
  • FF Bradford Baity, 37
  • FF Michael French, 27
  • FF James “Earl” Drayton, 56
  • FF Brandon Thompson, 27
  • FF Melven Champaign, 46

The disaster recalls Worcester Cold Storage Warehouse fire that killed six firefighters on Dec. 3, 1999, in Worcester, Massachusetts. The chief of the Worcester Fire Department flew down to South Carolina for the memorial service.

By Sean A. Kelly

When it comes to foreclosure vs short sale, many experts would agree that short sale would win hands down. The reason for it is simply that a short sale may not cause too much damage on your credit report as compared to a foreclosure. My friend, Melanie and my cousin, Amy, both respectively had to make a choice between permitting their mortgagers foreclose their homes or to sell their homes on their own terms regardless of the fact that they would not be getting anything out of it. Melanie decided to call her own shots so she opted for a short sale while Amy figured that she would not have the guts nor the time to take care of things herself so she chose to have her home foreclosed. Each of them took a different road that would basically lead to the same destination. The only difference is one of them would reach her destination without much hassle or obstacles along the way.

With a head to head fight in foreclosure vs short sale, Amy and Melanie each had to go through different channels to achieve their goals. Melanie chose to have a short sale because she wanted to be the one calling all the shots. She wanted to show the bank that although she might be a bit behind on her mortgage payments she was still the owner of the house instead of the bank. However, she was also aware that the value of her home was already lower than the balance amount that she still owed her mortgager. That is why the procedure she chose was called a short sale; she probably would not even break even let alone make any profit from the sale of her home. At least Melanie would know to whom she would be selling her home because she would get to decide which buyer would get her home.

[youtube]http://www.youtube.com/watch?v=AfdJOU1qSbU[/youtube]

Amy, on the other hand, decided that taking total control of everything was not for her so she decided that if a foreclosure was inevitable she might as well just succumb to it. However, she did not quite have any idea on how the bank would handle the procedures of foreclosing her home so she decided to seek foreclosure help from a financial advisor. Although her advisor assured her that she still had enough time to consider other alternatives, Amy had already made up her mind. She just needed a financial advisor to monitor the foreclosing procedures conducted by her mortgager to ensure that everything was done by the book. In Amy’s case, it was her mortgager that would be handling all the legalities and sales procedure. Amy had no control over anything whatsoever.

Melanie’s decision could stop foreclosure while Amy’s could not. Melanie would not have to wait for a decade before she probably could start purchasing a home again because there would be no record of foreclosure in her credit report. Amy probably would have to wait for at least seven years before she could even buy anything under her own name as the foreclosure would remain a permanent public record. So when a potential mortgager or even landlord runs a credit background check on both Amy and Melanie, chances are they would be more likely to approve a loan or rent a room to Melanie instead of Amy. This is because a person with a record of foreclosure in their credit report would normally be considered as a high risk applicant. The only thing that Amy and Melanie might have in common would be that they both had to be responsible for the income tax imposed on any rescinded debt. Basically, if there are any forgiven debts they would both have to pay taxes on those debts.

Many experts would probably recommend a short sale over foreclosure. Although a short sale is not that great a choice it may be considered as relatively better than having a foreclosed home. It would be like choosing the lesser of two evils. The only difference is that one would leave a permanent mark while the other would not.

About the Author:

foreclosure vs short saleforeclosure helpstop foreclosure

Source:

isnare.com

Permanent Link:

isnare.com/?aid=722145&ca=Finances

byAlma Abell

It is easy to find a good vet to treat your cat or dog, but it is probably wiser to look for a veterinary clinic that also cares for exotic animals. Facilities such as Dupont Veterinary Clinic at Coldwater offer a wide variety of services, including the experience to maintain the health of almost any Exotic Animal in Fort Wayne, Indiana. This means that they automatically offer advantages that include:

* WELLNESS: Vets who can care for an Exotic Animal in Fort Wayne, Indiana have experience evaluating a wide range of health conditions, and offer especially thorough wellness services. They are trained to assess and maintain the health of birds, reptiles, dogs, cats, and more. Even if you minute visits, to provide time for thorough exams.

* SURGERIES: Veterinary centers that treat exotic animals, are equipped to handle the unique surgical needs required by a wide variety of species. Their facilities include state-of-the-art surgical suites, and vets are trained to provide anesthesia, procedures, and recovery care tailored to the type of animal they are treating. They offer tumor and bladder stone removal, gastrointestinal surgery, C-sections, and laceration repairs, among many other procedures.

* DIAGNOSTICS: Clinics that care for a variety of animals typically include high-tech diagnostic equpment that includes x-ray and labs. They an offer fast results from blood and parasite tests for parasites.. They are also equipped to test liver and kidney health, glucose, electrolytes, and more. On-site pharmacies allow them to provide needed medicines quickly. In addition, they offer a variety of retail products that are uniquely designed for a variety of pets.

* ADDITIONAL SERVICES: A full-service clinic provides nutritional counseling and cancer care for many types of animals. They offer reproductive services, ECG analysis, chronic ear disease treatment, and more.

A veterinary center that is equipped to care for exotic pets provides a range of essential services that ensure they can care for any pet you own. These professionals provide wellness, surgical, diagnostic, and other services tailored to each animal species they treat.

Monday, July 6, 2009

The Obama administration has given the National Security Agency powers to screen private Internet traffic going to and from government sites, and will use AT&T telecommunications as a likely test site. The Obama administration remains firm in this decision, which was put forth during the Bush administration.

The agency defends military networks with a classified system named Tutelag, which decides how to handle malware intrusions (for example, whether to block them or to investigate more closely). “We absolutely intend to use the technical resources, the substantial ones, that NSA has,” said Janet Napolitano, Secretary of the United States Department of Homeland Security (DHS). DHS’s intrusion detection program, Einstein version 3, is in development as version 2 is being deployed. The program defends all U.S. government agencies and departments.

DHS spokeswoman Amy Kudwa said, “We are moving forward in a way that protects privacy and civil liberties.”

AT&T, the chosen test site under Bush, sought assurance from the Obama administration to determine what elements of Einstein 3 to preserve. AT&T officials declined to comment.

In 2006 the Electronic Frontier Foundation filed the class action lawsuit Hepting v. AT&T—currently awaiting decision—against AT&T, which under the Bush administration permitted the NSA to look at domestic communications without a warrant. NSA’s intelligence gathering is limited only to foreign communications.

“We came away saying they have a lot of work in front of them to get this done right,” Ari Schwartz of the Center for Democracy and Technology (CDT) said. “We’re looking forward to their next steps.”

Schwartz authored a letter on Einstein to the Office of Management and Budget in December 2008 on behalf of the Information Security and Privacy Advisory Board.

NSA director Keith B. Alexander said in April 2009 that the NSA will help, but does not want to take charge. Several people—including Rod Beckstrom, who resigned over the issue as head of the National Cyber Security Center (NCSC); Bruce Schneier of BT Counterpane; Leslie Harris, president and CEO of CDT—and not Dennis Blair, Director of National Intelligence—have urged the Obama administration to keep the Department of Homeland Security in charge despite its low scores, because, they claim, the NSA is a spy agency.

Thursday, October 6, 2005

A member of the French National Assembly, René Dosière, denounces the “opacity” in the budget of the Élysée Palace, the office of the President of the French Republic.

According to him, the president’s real budget is approximately three times the budget given for his services in the yearly national budget voted by the French Parliament, because many employees and services are provided by other ministries and public services free of charge to the presidency, and thus are counted in other budgets. As an example, the French Ministry of Defense provides republican guards and other soldiers, as well as aerial transportation; the Ministry of Foreign Affairs funds official foreign trips; and repairs, furnitures etc. to presidential offices are funded by the Ministry of Culture. Mr Dosière reports that in 2003, the total spending was 82.6 million Euros, while the official budget of the presidency was 30.5 million.

Mr Dosière started inquiring about presidential expenses about four years ago, and since then has been a critic of the opacity of accounting at the presidency. In order to obtain the necessary information, he has had to ask numerous questions to the executive and administrations.

In addition, he points out that the official budget of the presidency has boomed under Jacques Chirac’s term: between 1995 and 2005, it climbed from 5,21 millions to 26,14 millions. In 1995, the president also had at his disposal some “secret funds”, the total amount of which was voted by parliament, but which could be spent at his discretion. “Secret funds” were originally meant to fund specific missions that could not be funded within the exacting rules of public accounting, such as secret operations abroad, but they gradually also came to serve to pay various gratifications to government officials. Since 2002, secret funds have been cut and are reserved for paying for secret operations, while services that used them for normal operations were given special compensation. In 2005, the special compensation for the presidency was 5.5 million Euros.

In 2001, the French Parliament voted a law known as the LOLF (Loi d’orientation relative aux lois de finances) reforming the budget system, with a timetable for gradual implementation. This law mandates that any public spending should be traced to an identifiable “mission” of government.