War & Disaster Profiteering

Incredible as it may seem, in the past two years, Iraq's economic situation has worsened, living standards have declined, and poverty as well as child malnutrition have increased. According to a number of non-governmental organisations in Iraq, the unemployment rate could be as high as 65 percent. Read More

Harvard University, after months of pressure from student activists, will sell an estimated $4.4 million (A€3.42 million) stake in PetroChina, whose parent company is closely tied to the Sudanese government, university officials said. Read More

North Carolina-based security contractor Blackwater USA refuses to share the results of the company's probe into the killings of four employees in Iraq a year ago, the mothers of two slain employees tell ABC News. Read More

There are now 224 Fijian troops serving in Iraq, and an estimated 1,000 more are serving with private security firms holding contracts for the United States government in both Iraq and Kuwait. Read More

Former UN chief weapons inspector Hans Blix has said he now believed the US-led invasion of Iraq was motivated by oil. "I did not think so at first. But the US is incredibly dependent on oil," Swedish news agency TT quoted Mr Blix as saying at a security seminar in Stockholm. Read More

Halliburton will receive about 95% of what it billed, despite numerous concerns by Pentagon auditors that the company couldn't provide adequate documentation to justify its expenses. The favorable settlement is an indication the military brass is willing to treat Halliburton leniently since a large portion of the disputed services were performed in a theater of war. Read More

Halliburton Co. and the U.S. Army have resolved a lengthy billing dispute over meals served to U.S. troops in Iraq and Kuwait, with the Pentagon ultimately refusing to reimburse $55 million worth of bills. At stake was $200 million in disputed costs incurred during the first nine months of the war and occupation, first in Kuwait and then in Iraq. Read More

The government contends that private aid groups, which control much of the donated money, have squandered it. Many business leaders say corruption and the lack of staff trained in government are largely to blame. Read More

Just like workers in the United States, Iraqis employed by U.S. contractors in their country can collect workers' compensation insurance,but in a country where anti-American insurgents can scan the mail, many Iraqis receive their benefits in blank envelopes because a check from the United States can be a ticket to a worker's execution. Read More

Halliburton has struck a deal with the U.S. Army on food service provided to U.S. troops in Iraq, resolving a 14-month long billing dispute. Read More