Privatization & Procurement
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!
Some 325,000 Indian state telecom workers began an indefinite strike Wednesday, to push for guarantees against layoffs and pension losses when their department becomes a corporation next month.
Goldman Sachs, the Wall Street investment bank, is being sued in London for selling Libya "worthless" derivatives trades in 2008 that the country's financial managers did not understand. Libya says it lost approximately $1.2 billion on the deals, while Goldman made $350 million.
State and Defense department officials took a tongue-lashing today, trying to explain to a Senate subcommittee how the government has poured $6 billion since 2002 into building an effective Afghan police force with disastrous results.
The U.S.-backed Iraqi cabinet approved a new oil law Monday that is set to give foreign companies the long-term contracts and safe legal framework they have been waiting for, but which has rattled labour unions and international campaigners who say oil production should remain in the hands of Iraqis.
In 2003, U.S. Steel bought up the bankrupt Sartid steel mill in the eastern Serbian town of Smederevo for $33 million, the first private enterprise to enter the country after the downfall of former leader Slobodan Milosevic in 2000. On Feb. 1, U.S. Steel sold the mill back for a dollar.
Sixteen Indiana national guardsmen filed a lawsuit yesterday against military contractor KBR. The complaint alleges that several reservists contracted respiratory system tumors and skin rashes after guarding reconstruction work at the Qarmat Ali treatment plant, strewn with the toxin chromium dichromate.