Money & Politics
As the U.S. Department of Homeland Security marches down the Texas border serving condemnation lawsuits to frightened landowners, Brownsville resident Eloisa Tamez, 72, has one simple question. She would like to know why her land is being targeted for destruction by a border wall, while a nearby golf course and resort remain untouched.
Retired retail executive Richard Goldman was astonished when he heard about the $27 billion pollution lawsuit against Chevron Corp. in Ecuador. SO he has created a nonprofit group, Ethos Alliance, that will use social-networking tools to spread word of the case and put pressure on Chevron.
Sacyr, the Spanish construction giant, has threatened to halt work on the expansion of the Panama canal unless it is paid an extra $1.6 billion. The company leads a consortium that won the 2009 contract after bidding to do the job for $1.1 billion less than the next bidder.
Sasol and its joint venture partners in Namibia are finally starting to break their silence over a R4-billion oil contract as questions of impropriety mount around the questionable black economic empowerment (BEE) deal.
Escalating a campaign questioning Vice President Al Gore's environmental commitment, environmental organizations today placed a full-page ad in the west coast edition of the New York Times. The ad, whose headline reads ''Who is Al Gore?Environmental Champion or Petroleum Politician? The U'wa people need to know'' substantiates Gore's connections to Occidental Petroleum and argues that the Vice President has a specific responsibility to act on behalf of the U'wa people.
The launch of Russia's stock markets in the early 90s and privatization of state assets has profoundly impacted Russian society. As the case of mining giant Norilsk Nickel illustrates, this experiment has given rise to both immense personal wealth for a new elite, and economic uncertainty for the ordinary citizen.
The World Bank has withheld the findings of an inquiry into alleged mismanagement of bank funds in the Democratic Republic of Congo, raising fresh questions about the anti-corruption strategy of Paul Wolfowitz, the bank's president
Conclusion to a new CorpWatch report that shines a light on the role of six major banks in Greece, Ireland and Spain in the EuroZone crisis that left borrowing countries deep in debt.