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CEOs in the defense and oil industries have been able to translate war and rising oil prices into personal jackpots, according to a new report from the Institute for Policy Studies and United for a Fair Economy, Executive Excess 2006. Read More

Dramatic evidence that America is involved in illegal mercenary operations in east Africa has emerged in a string of confidential emails seen by The Observer. The leaked communications between US private military companies suggest the CIA had knowledge of the plans to run covert military operations inside Somalia - against UN rulings - and they hint at involvement of British security firms. Read More

The thousands of mercenary security contractors employed in the Bush administration's "War on Terror" are billed to American taxpayers, but they've handed Osama Bin Laden his greatest victories -- public relations coups that have transformed him from just another face in a crowd of radical clerics to a hero of millions in the global South (posters of Bin Laden have been spotted in largely Catholic Latin America during protests against George W. Bush). Read More