|US: Chevron annual meeting heats up over Ecuador suit|
by Jordan Robertson, Washington Post
May 27th, 2009
In a combative and sometimes colorful annual meeting, Chevron's CEO and chairman exchanged barbs with activists over pollution in the Amazon rain forest and the company's human rights record. The nation's second-largest oil company is awaiting a verdict from a judge in Ecuador that could come with a $27 billion price tag.
|US: U.S. Cracks Down on Corporate Bribes|
by DIONNE SEARCEY, Wall Street Journal
May 26th, 2009
The Justice Department is increasing its prosecutions of alleged acts of foreign bribery by U.S. corporations, forcing them to take costly steps to defend against scrutiny. The crackdown under the Foreign Corrupt Practices Act, or FCPA -- a post-Watergate law largely dormant for decades -- now extends across five continents and penetrates entire industries.
|The True Cost of Chevron: An Alternative Annual Report|
by Antonia Juhasz, http://www.TrueCostofChevron.com/
May 26th, 2009
Chevron's 2008 annual report is a glossy celebration of the company's most profitable year in its history. What Chevron's annual report does not tell its shareholders is the true cost paid for those financial returns, or the global movement gaining voice and strength against the company's abuses. This jointly-produced report documents negative impacts of Chevron's operations around the globe, in stark contrast to the message sent by the company's ubiquitous "Human Energy" advertising campaign.
|FRANCE/UAE: Gulf base shows shift in France’s focus|
by Ben Hall and Andrew England, Financial Times
May 25th, 2009
France's new naval base in Abu Dhabi, its first overseas military base in 50 years, has sparked a round of lobbying on behalf of lucrative business for French companies including Dassault, the military aircraft maker, and a consortium of Total, GdF-Suez and Areva, which is bidding to build two nuclear power stations in the UAE. Dassault is hoping to sell as many as 60 of its Rafale fighters to the UAE.
|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.