Money & Politics

It was an odd fact of the demonstrations surrounding the Democratic Convention in Los Angeles that the only protests to get mass media coverage were those where cops moved in and arrested people.
Two Merrill Lynch executives convicted for their roles in a Nigerian barge deal that inflated Enron's profits have been ordered released from prison pending their appeal.
As legend has it, Peter Berlandi, chief campaign fund-raiser for the Massachusetts governor William Weld in the 1990s, was not subtle when he intervened on behalf of Bechtel's multi-billion dollar "Big Dig" Boston Central Artery construction project. Berlandi allegedly called the company's competitors in the construction industry and said: "If you want to work in this state again, don't play games with Bechtel."
In Canada's British Columbia, ExxonMobil, Talisman, Shell, and other energy giants are racing to tap the region's "sour gas". But the potential toxicity of the gas is being ignored.
A Defense Department auditor, appearing before the Commission on Wartime Contracting in Iraq and Afghanistan, testified Tuesday that DynCorp International billed the government $50 million more than the amount specified in a contract to provide dining facilities and living quarters for military personnel in Kuwait.
President Barack Obama personally helped Shell obtain authorization to drill for oil in Alaska, according to a new article in the New York Times. This comes a day afer activists launched two reports on the environemental impact of the drilling plans at the company's annual meeting in the Hague.
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
At the annual meeting of the National Association of Broadcasters, Clear Channel kept a low profile. Yet its impact on media diversity is anything but casual -- it owns roughly one in every ten radio stations in the United States. Listen online here via FSRN!