Money & Politics
Multinationals accused of human rights abuses can no longer feel safe now that the oil giant is facing allegations of complicity in the execution of Nigerian activist Ken Saro-Wiwa.
Bush's revived Star Wars program got a boost after 9-11. He's asking for $8.3 billion for a missile program from Congress, and the big defense contractors are hoping to make a fortune.
Ten years after the first democratic elections in South Africa brought the African National Congress to power, critics claim that privatization and neoliberal economic policies have usurped the promise of democracy. Soweto Resists Privatization Moves Trevor Ngwane/Walter TurnerANC Privatizations Fail to Deliver in South Africa, Patrick Bond
Hired out to multibillion-dollar companies for hundreds of dollars a month, 10,000 Ugandans risk their lives seeking fortunes protecting US Army bases, airports, and oil firms in Iraq for as little as $600 per month. Many are looking to go to Afghanistan as the Obama administration increases contracts there.
BlackRock and Two Sigma Investments - both major hedge funds - have been conducting regular private surveys of brokers for wealthy clients. The practice has raised red flags because of Morgan Stanley's role in the Facebook stock market flotation, as well as insider trading scandals at Goldman Sachs.
The largest U.S. banks sold expensive subprime loans more frequently to minorities than whites, according to a study released Wednesday by a community activist group.
''Whose streets? Our streets!'' chanted thousands of activists as they poured into the downtown Philadelphia for what may well have been the most raucous day of demonstrations outside a national convention since Chicago in 1968.
For the first time in the four-week trial of two former Enron executives, the actions of the company's directors in a critical month in 2001 came under scrutiny during a cross-examination.
Making connections between U.S. corporate and political interests involved Iraqi reconstruction, monitoring for price gouging, rigged and no-bid contracts, and scrutinizing the DoD's procurement policies is as American as apple pie. But in today's Iraq, carpetbags are more likely to be filled with Glock 9mm pistols or HK MP5 submachine guns rather than cheap cigars or crooked contracts. U