|Mexico’s Other Crisis: Foreign Banks|
by Kent Paterson, Special to CorpWatch
May 15th, 2009
The worldwide financial crisis is hitting people in the Global South with particular venom, and disaster profiteering is alive and well. Take Mexico. While entities like Citigroup-owned Banamex get away with charging Mexican credit account-holders usurious interest rates of up to 100 percent, Banamex itself turned nearly $1 billion in profits in 2008.
|WORLD: When Chevron Hires Ex-Reporter to Investigate Pollution, Chevron Looks Good|
by Brian Stelter, New York Times
May 10th, 2009
When Chevron learned that “60 Minutes” was preparing a potentially damaging report about oil company contamination of the Amazon rain forest in Ecuador, it hired a former journalist to produce a mirror image of the report, from the corporation’s point of view. An Ecuadorean judge is expected to rule soon on whether Chevron owes up to $27 billion in damages.
|IRAN/CHINA: Iranians and Others Outwit Net Censors|
by John Markoff, New York Times
April 30th, 2009
The Internet is no longer just an essential channel for commerce, entertainment and information. It has also become a stage for state control — and rebellion against it. Computers are becoming more crucial in global conflicts, not only in spying and military action, but also in determining what information reaches people around the globe.
|US: Contracting Boom Could Fizzle Out|
by Dana Hedgpeth, Washington Post
April 7th, 2009
The surge in the U.S. military contracting workforce would ebb under Defense Secretary Gates's budget proposal as the Pentagon moves to replace private workers with full-time civil servants. The move could affect companies such as CACI and SAIC. "We are right-sizing the defense acquisition workforce so we can improve our contract oversight and get a better deal for the taxpayers," said the Pentagon's director of defense procurement and acquisition policy.
|US: Gates Proposes Major Changes to Military Programs, Weapons Buys|
by August Cole, Wall Street Journal
April 6th, 2009
Defense Secretary Robert Gates unveiled a sweeping overhaul of the Pentagon's top weapons priorities. The shake-up, a combination of defense contract cutbacks and policy changes, will stoke a smoldering debate in Congress, with cuts proposed for Lockheed Martin Corp.'s F-22 Raptor and replacement of the president's fleet of Marine One helicopters.
|IRAQ: Ex-Blackwater Workers May Return to Iraq Jobs|
by Rod Nordland, New York Times
April 3rd, 2009
Late last month Blackwater Worldwide lost its billion-dollar contract to protect American diplomats in Iraq, but by next month many of its private security guards will be back on the job here. The same individuals will just be wearing new uniforms, working for Triple Canopy, the firm that won the State Department’s new contract.
|US: Pentagon Weighs Cuts and Revisions of Weapons|
by Christopher Drew, New York Times
April 3rd, 2009
U.S. defense executives and consultants are worried about the sweeping changes in military programs that Defense Secretary Robert M. Gates is expected to announce on Monday. Weapons systems like missile defense are likely to endure deep cuts.
|Policing Afghanistan: Obama's New Strategy|
by Pratap Chatterjee, Special to CorpWatch
March 23rd, 2009
A new strategy for Afghanistan and Pakistan will be unveiled by President Barack Obama this week. It plans to ramp up the training of the Afghan army and police at a cost of some $2 billion a year. Private contractor DynCorp is already lining up to bid for some of the lucrative contracts. This article provides an overview of key reports assessing the training of the Afghan police, and DynCorp's role, to date.
|US/AFGHANISTAN: Unknown Afghanistan|
by Pratap Chatterjee, TomDispatch.com
March 17th, 2009
Want a billion dollars in development aid? If you happen to live in Afghanistan, the two quickest ways to attract attention and so aid from the U.S. authorities are: Taliban attacks or a flourishing opium trade. For those with neither, the future could be bleak. This piece take a look at the lack of reconstruction aid in areas like Bamiyan, Afghanistan.