Privatization & Procurement
This profile of Westdeutsche Landesbank is from CorpWatch's EuroZone Profiteers report which investigates 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 the 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.
Three Barclays bankers made more than $15 million in 2011 salary packages, with the CEO making $28 million. The numbers were revealed under a pact made by the banking sector with the UK government, under Project Merlin, sparking outrage.
Senior managers for defense contractor KBR overruled calls to halt supply operations in Iraq in the spring of 2004, ordering unarmored trucks into an active combat zone where six civilian drivers died in an ambush, according to newly available documents.
In less than 24 hours this past Wednesday, big advances for three major pieces of legislation indicated that Mexico -- for 20 years the ''model student'' of so-called free market policy reforms, and long noted for high levels of government secrecy and corruption -- may be charting a new, more independent course. At a moment when the Bush administration is chilling domestic dissent, restricting the free flow of information and promoting corporate deregulation, Mexico appears poised to do virtually the opposite.
The Committee on Oversight and Government Reform has subpoenaed Maj. Gen. George Weightman, who was fired as head of Walter Reed Army Medical Center, after Army officials refused to allow him to testify before the committee Monday.
Disaster profiteers make millions while local companies and laborers in New Orleans and the rest of the Katrina-devastated Gulf Coast region are systematically getting the short end of the stick, according to a major new report from the nonprofit CorpWatch.Click here for the press release, to read the text version or to download the report.
American companies have been arriving in Iraq to pursue an expected multibillion-dollar bonanza of projects to revive the country's petroleum industry. But there are questions about the Iraqi government's capacity to police the companies. "These are for-profit concerns and they are trying to make as much money as they can," said Pratap Chatterjee of CorpWatch.
The Senate is investigating the role of private investment banks in the Enron scandal. Could public institutions, like the World Bank and the Export-Import Bank be next?
Rwandan and Nigerian soldiers will arrive in western Sudan this week as the first deployment of a five nation 4,500 strong peacekeeping force dispatched from the African Union headquarters in Addis Ababa to stem the violence in Darfur. Providing logistical support for the mission will be two private contractors from California, both of whom have mixed records carrying out similar enterprises in the past.