imc indymedia

Los Angeles Indymedia : Activist News

white themeblack themered themetheme help
About Us Contact Us Calendar Publish RSS
latest news
best of news




A-Infos Radio

Indymedia On Air

Dope-X-Resistance-LA List


IMC Network:

Original Cities africa: ambazonia canarias estrecho / madiaq kenya nigeria south africa canada: hamilton london, ontario maritimes montreal ontario ottawa quebec thunder bay vancouver victoria windsor winnipeg east asia: burma jakarta japan korea manila qc europe: abruzzo alacant andorra antwerpen armenia athens austria barcelona belarus belgium belgrade bristol brussels bulgaria calabria croatia cyprus emilia-romagna estrecho / madiaq euskal herria galiza germany grenoble hungary ireland istanbul italy la plana liege liguria lille linksunten lombardia london madrid malta marseille nantes napoli netherlands nice northern england norway oost-vlaanderen paris/Île-de-france patras piemonte poland portugal roma romania russia saint-petersburg scotland sverige switzerland thessaloniki torun toscana toulouse ukraine united kingdom valencia latin america: argentina bolivia chiapas chile chile sur cmi brasil colombia ecuador mexico peru puerto rico qollasuyu rosario santiago tijuana uruguay valparaiso venezuela venezuela oceania: adelaide aotearoa brisbane burma darwin jakarta manila melbourne perth qc sydney south asia: india mumbai united states: arizona arkansas asheville atlanta austin baltimore big muddy binghamton boston buffalo charlottesville chicago cleveland colorado columbus dc hawaii houston hudson mohawk kansas city la madison maine miami michigan milwaukee minneapolis/st. paul new hampshire new jersey new mexico new orleans north carolina north texas nyc oklahoma philadelphia pittsburgh portland richmond rochester rogue valley saint louis san diego san francisco san francisco bay area santa barbara santa cruz, ca sarasota seattle tampa bay tennessee urbana-champaign vermont western mass worcester west asia: armenia beirut israel palestine process: fbi/legal updates mailing lists process & imc docs tech volunteer projects: print radio satellite tv video regions: oceania united states topics: biotech

Surviving Cities africa: canada: quebec east asia: japan europe: athens barcelona belgium bristol brussels cyprus germany grenoble ireland istanbul lille linksunten nantes netherlands norway portugal united kingdom latin america: argentina cmi brasil rosario oceania: aotearoa united states: austin big muddy binghamton boston chicago columbus la michigan nyc portland rochester saint louis san diego san francisco bay area santa cruz, ca tennessee urbana-champaign worcester west asia: palestine process: fbi/legal updates process & imc docs projects: radio satellite tv
printable version - js reader version - view hidden posts - tags and related articles

Streisand Fdtn made K on Halliburton under Cheney

by Michael Petrelis Saturday, Feb. 22, 2003 at 9:06 AM 415-621-6267

Streisand Fdtn made K on Halliburton under Cheney

Feb. 19, 2003

Streisand Foundation made K on Halliburton stocks in ‘98

By Michael Petrelis

Like many Americans, I shopped at my local supermarket over the President’s Day Weekend, and while on the checkout line I read the National Enquirer cover story on Barbra Streisand’s gay son Jason Gould and his health as an HIV positive individual.

This got me thinking about the Barbra Streisand Foundation, which makes donations to gay and HIV/AIDS organizations, so I went to, the web site for the IRS 990 forms for all nonprofits, and read what was available on the foundation. The information below was gleaned from the FY2000 filing,, and the FY1998 filing,


The FY 2000 report shows Streisand’s foundation owns stock in several drug companies, some of which have made handsome profits off their anti-AIDS medicines.

She earned ,193 on a trade of 1000 Abbott Laboratories shares, and she also made a profit of ,026 when she sold 300 shares of Bristol Myers Squibb.

Conversely, she lost ,528 after trading 700 shares of the Eli Lilly Company.

Taking into account that loss from the Lilly sale, Streisand still earned ,691 from selling 2000 shares in pharmaceutical corporations.

There is nothing wrong with her making a profit with drug stocks, in my opinion, but in a canned, written interview with the Advocate magazine, she herself bemoaned the high price of AIDS fighting drugs.

Advocate editor Judy Weider wrote: “Despite Streisand’s busy summer recording schedule (and because she did not want to miss the opportunity to participate in The Advocate's Best and Brightest Activists issue), she asked to have questions submitted to her so that she could work on them in her spare time.”

Here’s some of what Streisand had to say about HIV drugs.

“Since many people in the United States are able to live longer lives with the help of expensive drug therapies and aggressive treatments, we are getting used to AIDS and almost accept it as a fact of life.”

“It is estimated that 31 million people worldwide are infected with HIV. AIDS is now affecting everyone—heterosexuals, women, people of color, and particularly residents of developing nations, where 90% of the world's HIV-infected patients live. And these people cannot afford basic medical care, let alone the tens of thousands of dollars per person per year that it costs to pay for new drug therapies.”



Streisand’s Halliburton holdings caused her some grief in October 2002 because of a Drudge Report alert about her sale of 800 shares in January 2000 in the corporation, at a time when Dick Cheney was head of the energy company. She lost ,838 on the sale.

What the Drudge Report failed to mention is that the same filing shows she sold an additional 300 share in Halliburton in October 2000, realizing a profit of 2. I think Cheney was CEO then and didn't resign from the company until after the election.

Going back to the foundation's FY 1998 IRS filing, it turns out the Streisand Foundation in October of that year sold 2500 Halliburton shares and made ,122 on the transaction.

A press release from the corporation in 1998 noted, “Halliburton's consolidated revenues were .4 billion and it conducted business with a workforce of approximately 100,000 in more than 120 countries.” [Source:]

Total number of Halliburton shares traded by her foundation is 3600, not just the 800 Drudge highlights in his headline, “STREISAND BOUGHT EIGHT HUNDRED SHARES OF CHENEY'S HALLIBURTON.” [Source:]


The FY 2000 IRS filing reveals the foundation sold 250 shares that year of the Southern Energy company. She turned a profit of ,855.

She earned ,765 on a sale of 4000 shares in the Drill Quip corporation, a manufacturer of products for the oil industry.

Selling off 4500 shares of Marine Drilling, another offshore drilling company, she made ,029 in profit.

Her sale of 5000 shares in the Varco drilling firm brought her ,705 in profit.

Total amount of profit from selling these shares comes to ,354.

On the flip side, she lost ,020 when she sold 5000 shares in the Noble Drilling company.

She lost ,148 after selling 8000 shares of Marine Drilling.

When she sold 5000 shares of Newmont Mining, she was setback ,544.

And she lost ,652 on trading 4000 shares of the Nuevo Mining firm.

Total loss of these shares is 7,364.

Here is what Streisand recently wrote on her web site about environmental concerns.

“MyThoughts Today: Judges and the Environment

“Posted on Dec. 10 , 2002

”In a case that highlights the layers of conflicts of interest inherent in the Bush administration, Judge John Bates, appointed by President Bush to the U.S. District Court of the District of Columbia, ruled that the General Accounting Office, the Congressional investigative arm, does not have the right to access information about Vice President Dick Cheney's secret meetings that formulated the president's energy plan. We already know that the energy plan, which called for expanding oil and gas drilling on public land and easing regulatory barriers to build nuclear power plants, came directly out of conversations with leading officials in the energy and oil industries, including representatives of Enron. What was said at those secret meetings, however, we may now never know.


“And let's look at what anti-environmental actions that [the] president has taken most recently:

”- After refusing to sign the Kyoto Treaty to prevent global warming, the president now seems willing to admit that global warming may actually exist. Well ... duh! 20 years worth of scientific research isn't enough for him? Apparently not, for President Bush is now calling for five more years of research into the causes of global warming and possible responses - an obvious stalling tactic. The only thing five more years of research will give us is more polluting cars and power plants that contribute to the problem of global warming.”


Funny, that a Hollywood star would have no problem raking in some dough from her sale of energy and other stocks from corporations doing real harm to the planet, then kvetching about how Bush and Cheney and naughty energy companies are murdering Planet Earth and her eco-systems.


FY 2000 records show she made ,090 after selling 500 shares of Fox Entertainment, which is part of Rupert Murdoch’s media empire, including the NY Post and the News Corp.

Speaking of which, the FY 1998 file shows she lost ,255 on the sale of 5000 News Corp shares.

The FY 2000 file also shows she made a paltry 8 on a sale of 300 shares of Clear Channel, the radio and communications conglomerate, home to Rush Limbaugh and Dr. Laura.

Regarding her feelings toward the NY Post, Streisand had this say in an undated Truth Alert

“The Myth

“New York Post Again Misrepresents Streisand Investments –‘Barbra's Sinking Feeling’

- Neal Travis, NY Post, August 5, 1999

"’The many fans of Barbra Streisand may have to start passing the hat. On June 23, I reported that the diva's self-managed stock portfolio had sunk by 15 percent since she was written up as an investment maven by Fortune magazine. Well, things have gotten worse. Barbra's investments are now down 32.5 percent since our benchmark date of April 30. In the same period, the Dow Jones was off only 1.4. percent and the Nasdaq was up 1.8 percent.’"

“The Truth,

“They are wrong again...very wrong! In fact, the portfolio that Ms. Streisand personally manages continues to outperform the S&P 500 index by more than double. Most of the country's professional money managers haven't been able to beat the S&P at all! The New York Post, a conservative newspaper, obviously wants to discredit Ms. Streisand's intelligence. Maybe they are anticipating her supporting Democrats in the upcoming elections.”



This is a simple matter of a Hollywood hypocrite speaking out against the high price of AIDS medications, being for protecting the environment, who also wants to counter the conservatism of the News Corp, while making money off companies with questionable ways of doing business on those public policy issues.

Streisand’s prowess as a stock picker was the subject of a Fortune magazine profile, with the following headline, that takes on new meaning related to the health of her beloved son: “Streisand makes a killing on shares.” She may be making a killing on her Big Pharma stocks, but there are too many people doing the dying.


The life of her only child is on the line, now that he has tested positive for HIV. Jason Gould’s life is one of many around the globe dependent on the drugs of Big Pharma. We will need the help of his mother, a shareholder in both her son and drug companies, to make sure every HIV positive person, any where in the world, who wants HIV medicines, can get them.

Report this post as:

Local News

More Pix: "Families Belong Together," Pasadena J02 12:16PM

"Families Belong Together" March, Pasadena J02 12:08PM

Short Report on the Families Belong Together Protest in Los Angeles J30 4:26PM

Summer 2018 National Immigrant Solidarity Network News Alert! J10 11:58PM

Watch the Debate: Excluded Candidates for Governor of California M30 10:20PM

Change Links June 2018 posted M28 12:41AM

The Montrose Peace Vigil at 12 Years M22 1:01PM

Unity Archive Project M21 2:42AM

Dianne Feinstein's Promotion of War, Secret Animal Abuse, Military Profiteering, Censorshi M17 3:22PM

CA Senate Bill 1303 would require an independent coroner rather than being part of police M10 2:08PM

Three years after OC snitch scandal, no charges filed against sheriffs deputies M10 1:57PM

California police agencies violate Brown Act (open meetings) M02 1:31PM

Insane Company Wants To Send Nuke Plant Waste To New Mexico A29 4:47PM

Change Links May 2018 A27 1:40AM

Worker-Owned Car Wash on Vermont Closed A26 10:37PM


lausd whistle blower A10 11:58PM

Website Upgrade A10 3:02AM

Help KCET and UCLA identify 60s-70s Chicano images A04 1:02PM

UCLA Luskin: Casting Youth Justice in a Different Light A02 11:58AM

Change Links April 2018 A01 11:27AM

Nuclear Shutdown News March 2018 M31 6:57PM

Join The Protest Rally in Glendale on April 10, 2018! M29 7:00PM

Spring 2018 National Immigrant Solidarity Network News Alert! M19 2:02PM

Anti-Eviction Mapping Project Shows Shocking Eviction Trends in L.A. M16 5:40PM

Steve Mnuchin video at UCLA released M15 12:34AM

Actress and Philanthropist Tanna Frederick Hosts Project Save Our Surf Beach Clean Ups M06 12:10PM

After Being Told He's 'Full of Sh*t' at School Event, Mnuchin Demands UCLA Suppress Video M02 11:44AM

More Local News...

Other/Breaking News

The System Question as a Survival Question J18 8:54PM

“Animaniacs in Concert!” Starring Voice Legend Rob Paulsen J18 2:41PM

Nation's Largest Voting Machine Co., ESS, Admits Lying Re Having Installed Remote Control J18 11:55AM

Du pain et des jeux J18 9:53AM

Fbi joins with Facebook to remove this report J18 7:08AM

Paraphysique de martyrologie J17 8:00AM

Asian Countries:Cambodia, Vietnam, N. Korea do not permit unlawful immigration J16 8:06PM

Children Incorporated Earns 4-Star Rating on Charity Navigator J16 11:24AM

Democratic Socialists of America J14 4:57PM

Leonard Peltier Non Violent Native American Political Prisoner since 1970's J14 4:18PM

Paraphysique miscellanées de l'aggiornamento J14 12:54AM

Actress and Philanthropist Tanna Frederick Hosts Project Save Our Surf Beach Cleanup J13 4:14PM

FBI Investigated LA County Sheriff Baca,Why Not Hank Skinner's Persecution? J13 3:52PM

Updated Partial List Of Famous Vegetarians, Vegans, & Fruitarians J13 2:59PM

The Shortwave Report 07136/18 Listen Globally! J12 4:36PM

Social Policy as Social Infrastructure J12 3:38AM

Vol I: 84 Varieties Of GOP Election Fraud J12 1:50AM

Texas Can Call it An Execution,But It is A State Sponsored Murder of Hank Skinner.. J11 6:48PM

June 2018 Honduras coup update J11 3:35PM

Maria Estrada doubles down on racist support J11 1:40PM

New York Women in Film & Television Announces 2018 NYWIFT Ha Phuong Scholarship Recipients J11 10:14AM

Trapps de la domination, trapps de l'aliénation J11 1:31AM

Please Work For The Defeat Of Brett Kavanaugh And Why J09 8:54PM

Change Links 2018 July posted J09 1:27PM

Transinhumanisme ( transe inhumanisme ) J09 12:44PM

Google, World's Biggest Censor, Was Founded By The CIA J09 10:25AM

For a World Free of Nuclear Risks J09 8:29AM

Corrupt CDC Ignores Meat Fish Recalls J09 4:55AM

More Breaking News...
© 2000-2018 Los Angeles Independent Media Center. Unless otherwise stated by the author, all content is free for non-commercial reuse, reprint, and rebroadcast, on the net and elsewhere. Opinions are those of the contributors and are not necessarily endorsed by the Los Angeles Independent Media Center. Running sf-active v0.9.4 Disclaimer | Privacy