Money & Politics
The last time the European Union decided the future of its 50 billion euro agricultural aid program, in 2005, the deal was cut behind closed doors in a luxury suite at the five-star Conrad Brussels hotel. Now, 2013 is closer at hand and a new round of maneuvering has begun to reshape the richest system of agricultural handouts in the world.
This profile of Depfa/Hypo Real Estate is from CorpWatch's EuroZone Profiteers report - a study of the 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 borrowing countries deep in debt.
Bush briefly outlined a number of issues he plans to address as president, including public education, social security, prescription drug coverage for seniors, tax relief, and strengthening the military. He made no mention of the environment.
During former defense secretary Richard Cheney's five-year tenure as chief executive of Halliburton, Inc., his oil services firm raked in big bucks from dubious commercial dealings with Iraq. Cheney left Halliburton with a $34 million retirement package last July when he became the GOP's vice-presidential candidate
Evergrande Real Estate Group, now mired in debt, has become a symbol of China's go-go era of investing, when international bankers, private equity deal makers and hedge fund managers from Merrill Lynch, Deutsche Bank and others rushed here hoping to cash in on the world's biggest building boom.
High-ranking officials from the United States as well as Iraq accuse the Danish shipping company Maersk of having taken advantage of the chaos of war in order to grab control of Iraq's oil port.
Halliburton, Brown and Root's parent company, is a Fortune 500 construction corporation working primarily for the oil industry. From 1962 to 1972 the Pentagon paid the company tens of millions of dollars to work in South Vietnam, where they built roads, landing strips, harbors, and military bases from the demilitarized zone to the Mekong Delta. The company was one of the main contractors hired to construct the Diego Garcia air base in the Indian Ocean, according to Pentagon military histories.
KPMG, the fourth biggest accounting firm in the world, has announced that it has fired Scott London, one of its top partners. New reports indicate that London was let go for providing insider information on two companies - Herbalife and Skechers.
The U.S. Family Network, a public advocacy group that operated in the 1990s with close ties to Rep. Tom DeLay and claimed to be a nationwide grass-roots organization, was funded almost entirely by corporations linked to embattled lobbyist Jack Abramoff, according to tax records and former associates of the group.