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.
This profile of Ireland 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.
Two Guantanamo detainees have left captivity, the Defense Department says. One is bound for the Atlantic island Cape Verde, but the other is headed for Algeria, where he fears he'll be tortured or killed.
The controversial multibillion-dollar deal with oil services giant Halliburton to provide logistical support to U.S. troops in Iraq has been canceled. What should happen next? Read our three alternative annual reports on Halliburton, to learn the real legacy of the company's incompetence and corruption.Listen to an interview with CorpWatch's director, Pratap Chatterjee.
Long time scholar and activist Davis explains that locking up vast numbers of poor people of color "has literally become big business." She examines how corporate interest and institutional racism intersect.
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.
In the wake of the September 11th attacks, the U.S. government invoked national security to sweep up and jail an unprecedented number of immigrants. Companies like Corrections Corporation of America and Wackenhut, have reaped the benefits.
Local translators are hidden casualties of the wars in Iraq and Afghanistan. The U.S. military uses defense contractors to hire local residents to serve as translators for the troops. These local translators often live, sleep and eat with soldiers. And yet when they are wounded, they are often ignored by the U.S. system designed to provide them medical care and disability benefits, according to an investigation by the Los Angeles Times and ProPublica.