Money & Politics
This profile of Dexia is from CorpWatch's EuroZone Profiteers report which investigates the role of six major banks in Greece, Ireland and Spain during the EuroZone crisis. Loans from these banks helped fuel the credit boom that left the countries deep in debt.
There are many contenders for biggest political opportunist since the September 11 atrocities. Politicians ramming through life-changing laws while telling voters they are still mourning; corporations diving for public cash; pundits accusing their opponents of treason.
African governments are paying millions of dollars to lobbyists in hopes of influencing Washington's policy, according to an examination of US government files.
Having ensured the continued flow of cheap oil from the Gulf by waging a war with Iraq, and after his boss, George Bush's ouster from office by Clinton in 1992, Dick Cheney turned his attention to the corporate world.
Officials are meeting to review the Kimberley Process, amid criticism that the scheme, set up to certify the origin of diamonds to assure consumers that by purchasing diamonds they are not financing war and human rights abuses, is failing. The Kimberley Process emerged from global outrage over conflicts in countries like Liberia and Sierra Leone, largely funded by the plundering of diamond resources.
Voice for Humanity recently sold tens of thousands of pink and silver audio players to the United States government to teach Afghan villagers about democracy. Critics say that the project was a waste of taxpayer dollars. Others say it is a perfect example of the covert "information war" conducted in the "war on terrorism."
In early May, the Obama administration announced plans to eliminate the advantages that multinationals have over domestic corporations as to the tax treatment of reinvested profits. K Street corporate lobbyists haven't squealed so loudly since they lost their three martini lunches. The uproar draws attention away from the fact that U.S. multinationals enjoy an effective tax rate of just 2.4 percent on billions of dollars in foreign active earnings.
Steve Cohen, the billionaire founder of the most profitable hedge fund in history with $15 billion in assets averaging 30 percent in annual profits for two decades, has become the most watched man on Wall Street. Will he lose all his outside investors and will he go to jail?
Defunct energy giant Enron used the U.S. government to coerce the World Bank and poor nations to grant concessions and resolve its investment problems, according to documents and correspondence released by the Treasury Department.
PHILADELPHIA -- Among the myriad corporate sponsors of the Republican Convention this year is Dale Carnegie and Associates, Inc., the self-described ''global leader in business training.''