Privatization & Procurement
Almost none of the huge amount of money "loaned" to Greece has actually gone there, writes Joseph Stiglitz, former World Bank chief economist. CorpWatch's EuroZone Profiteers report sheds light on how some of it was used to pay off bad loans made by private-sector banks in France and Germany.
A Hammond security company, Inner Parish Security Corp., which admitted to several "serious" state violations, including hiring an underage officer, has been awarded a large federal contract to provide private security officers at FEMA trailer parks in metro New Orleans.
South Africa's giant electric company is a major polluter and leads the way in utility privatization. It also wants us to believe that it is a leader in sustainable development.
Transfield Services, an Australian logistics company that provides services to the mining and oil industry among others, has won a $25.9 million contract from the government of Australia to run a detention center for asylum seekers in the Pacific island nation of Nauru.
Bechtel Corp. helped build the Bay Area subway system, Hoover Dam and a city for 200,000 in the desert of Saudi Arabia. It likes to boast that it can go anywhere, under any conditions and build anything.
Amnesty International today assailed the United States' use of military contractors in Iraq as "war outsourcing" and said the behavior of some contractors had diminished America's moral standing.
The surge in the U.S. military contracting workforce would ebb under Defense Secretary Gates's budget proposal as the Pentagon moves to replace private workers with full-time civil servants. The move could affect companies such as CACI and SAIC. "We are right-sizing the defense acquisition workforce so we can improve our contract oversight and get a better deal for the taxpayers," said the Pentagon's director of defense procurement and acquisition policy.
Evo Morales was sworn in on Sunday as Bolivia's first indigenous president in a historic and emotional ceremony that set the tone for his new government, promising to move much the profits of Bolivia's natural resources to the people of Bolivia.