Money & Politics
Corporate interests and their proxies are looking to exploit the September 11 tragedy to advance a self-serving agenda that has nothing to do with national security and everything to do with corporate profits and dangerous ideologies.
On Friday the U.S. House of Representativs passed a high-visibility bill to give shareholders and federal regulators a stronger hand in curbing excessive or risky executive compensation. Industry groups such as the National Association of Manufacturers opposed the bill as an overreach into private business decisions.
A corporate espionage case unfolding in France involves some of the biggest French companies, including ÃlectricitÃ© de France, the world's largest operator of nuclear power plants, and Vivendi, the media and telecommunications conglomerate. The story has the elements of a corporate thriller: a cast of characters that includes former French spies and military men, an American cycling champion, Greenpeace activists and a dogged judge.
The Bush administration has disclosed that U.S. advisors in Iraq played a key role in drawing up contracts between the Iraqi government and five major Western oil companies. The no-bid contracts are expected to be awarded Monday to Exxon Mobil, Shell, BP, Total and Chevron, as well as to several smaller oil companies.
This profile of German banking 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.
Among the many superlatives associated with Hurricane Katrina can now be added this one: it produced one of the most extraordinary displays of scams, schemes and stupefying bureaucratic bungles in modern history, costing taxpayers up to $2 billion.
There's no longer any countervailing power in Washington. Business is in complete control of the machinery of government. The House, the Senate and the White House are all run by business-friendly Republicans who are deeply indebted to American business for their electoral victories.
WASHINGTON -- After waiting nearly eight months for a response, the Natural Resources Defense Council (NRDC) today filed a lawsuit to force the Department of Energy (DOE) to produce records regarding the agency's role in the operations of the National Energy Policy Development Group chaired by Vice President Dick Cheney. DOE's refusal to provide basic information about its involvement with the so-called energy task force violates the Freedom of Information Act (FOIA), according to NRDC.
Alcoa and Cargill have bypassed laws designed to prevent destruction of the world's largest rain forest, Brazilian prosecutors say. The damage wrought by scores of companies is robbing the earth of its best shield against global warming.
Entergy, one of the largest utilities in the U.S., has enjoyed healthy profits since Hurricane Katrina. Yet its New Orleans subsidiary has filed for bankruptcy, and frightened ratepayers with visions of bills bloated to 140% of their pre-storm size. Now the Fortune 500 company is threatening to pull the plug on New Orleans if it doesn't get a $700 million-plus federal bailout it doesn't actually need.