Property, Tourism & Transportation

Published by
Associated Press
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Employees at mortgage giant Fannie Mae manipulated accounting so that executives could collect millions in bonuses as senior management deceived investors and stonewalled regulators at a company whose prestigious image was phony, a federal agency charged Tuesday. Read More
Published by
Times-Picayune
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Through a partnership with a smaller, minority-owned company, a sprawling multinational firm whose federal contract for travel trailers was up for rebidding has landed four new deals that could be worth $400 million, federal records show. Read More
Published by
Special to CorpWatch
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The ports of Dubai make up some of the busiest commercial hubs in the world for the "global war of terrorism." Conveniently located between the Afghanistan and Iraq, Dubai is the ideal jumping-off point for military contractors and a lucrative link in the commercial supply chain of goods and people. Read More
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We were getting all ready to climb up on our soapbox to shout our revelation to the word: the scandal of the Dubai Ports deal is not the knee-jerk reaction that exposes a deep-seated anti-Arab xenophobia among average Americans and Congress alike. No, it's about the little-known fact that major operations of ports in America are sold off in the global marketplace. How would we feel if JFK International was run by a Venezuelan company? Or if our interstate railways were run by Pakistan, or China, or Canada for that matter? Read More
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As much as this is a story of privatization and racism, it is also about cronyism. The New York Daily News notes that Dubai Ports World has at least two ties to the Bush Administration - Treasury Secretary John Snow who, a year after joining the administration, sold his company's port operations to the same Dubai firm; and David Sanborn, the head of the U.S. Maritime Administration who still runs Dubai Ports World's European and Latin American operations. Read More
Published by
The New York Times
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Mexico and Cuba criticized the United States on Monday for demanding that the Sheraton Maria Isabel Hotel here order a group of Cuban officials, who were meeting last week with representatives of American oil companies, to check out of the hotel and leave the premises. Read More
Published by
Philippine Daily Inquirer
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PRESIDENT Macapagal-Arroyo has offered to suspend the issuance of new mining permits to try to appease Roman Catholic bishops strongly opposed to the country's new Mining Act, a top Malacanang official said yesterday. Read More
Published by
Inter Press Service
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Land conflicts involving indigenous people have multiplied in Brazil over the last few months, generating greater tension and showing once again that the country's roughly 400,000 indigenous people still have a long way to go to win respect for their rights. Read More
Published by
Interpress News Service
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Indigenous protesters from northwestern Venezuela marched Friday through the streets of Caracas, which is hosting the sixth World Social Forum (WSF), to protest plans for mining coal on their land. Read More
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