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.
Spain will inject emergency capital into the country's biggest ailing bank, Bankia, as it puts into place reforms to allow loss-making banks to receive eurozone bailout money.
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.
Interview with CorpWatch managing editor Pratap Chatterjee, on his forthcoming book, "Halliburton's Army," published by Nation Books and available in books stores on February 2, 2009.
Thousands of Indonesians driven from their homes by rivers of noxious mud linked to exploratory oil drilling may now be forced to abandon their only means of livelihood: shrimp farming.