Privatization & Procurement

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CorpWatch Blog
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Two global institutions - the United Nations and the Olympic Games - face charges that they are using "unaccountable and out of control" private security contractors. One of the companies at the heart of both controversies is G4S, a private security company in the UK. Read More
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CorpWatch Blog
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G4S and Serco - two private security contractors - have just been awarded multi-million pound contracts by the UK Borders Authority to provide housing to asylum seekers, edging out charities for the work. Activists are protesting, saying that G4S has a history of abusing immigrants and providing poor quality housing. Read More
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CorpWatch Blog
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Three Barclays bankers made more than $15 million in 2011 salary packages, with the CEO making $28 million. The numbers were revealed under a pact made by the banking sector with the UK government, under Project Merlin, sparking outrage. Read More
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CorpWatch Blog
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Greg Smith, a Goldman Sachs employee in London, has quit the company with a fiercely critical op-ed in the New York Times in which he accuses the Wall Street investment bank of losing its moral compass. Read More
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New York Times
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Four years after the disintegration of the financial system, 24 million people jobless or underemployed. Yet claims of financial fraud against companies like Citigroup and Bank of America have been settled for pennies on the dollar, with no admission of wrongdoing. Executives who ran companies that made, packaged and sold trillions of dollars in toxic mortgages and mortgage-backed securities remain largely unscathed. Read More
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Washington Post
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Two Guantanamo detainees have left captivity, the Defense Department says. One is bound for the Atlantic island Cape Verde, but the other is headed for Algeria, where he fears he'll be tortured or killed. Read More
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Special to CorpWatch
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This week, almost a decade after the U.S. "War on Terror" began, the Commission on Wartime Contracting held two days of hearings into the role of private contractors in conducting and supporting war. The Congressional witness table included Aegis, DynCorp and Triple Canopy. Curiously, Blackwater was not called; and the CEO of Torres Advanced Enterprise Solutions failed to appear. Read More
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New York Times
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Top military officials continue to rely on a secret network of private spies set up by Michael D. Furlong, despite concerns about the legality of the operation. A New York Times review found Mr. Furlong's operatives still providing information, with contractors still being paid under a $22 million contract, managed by Lockheed Martin and supervised by a Pentagon office. Read More
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