tagged w/ International Finance
-
British Airways and Rolls-Royce said Thursday that they have completed contracts for Trent 900 engines to power a dozen Airbus A380s, the first announcement of any deal for the giant engines since one disintegrated in flight on a Qantas superjumbo in November....
http://www.indiareport.com/India-usa-uk-news/ap/Business/76898British Airways and Rolls-Royce said Thursday that they have completed contracts for... more
-
-
-
"LONDON (Reuters) - Leading banks have funded arms manufacturers, whose products include cluster bombs, to the tune of $5 billion in the past two years, despite an international accord to ban such weapons, a study said Thursday.
The report by Profundo consultancy and several NGOs said the banks loaned money to companies whose products include cluster bombs or their components.
It did not say the funds went directly to make cluster bombs. The manufacturers could use the money for any of their production lines.
The top five loan providers were Bank of America, Citigroup , JP Morgan, Barclays and Goldman Sachs, the study said.
The researchers used publicly available information, such as that supplied by stock exchanges and financial databases, to produce their study.
According to the research, the banks have provided financing for diversified manufacturer Textron, aerospace and defense group Alliant Techsystems and defense contractor Lockheed Martin , all based in the United States.
Cluster bombs, which open in mid-air and scatter a multitude of bomblets over a wide area, have killed and maimed tens of thousands of civilians, campaigners say.
Nations agreed to outlaw cluster bombs in May 2008. The resulting convention will come into force when 30 countries have ratified it -- 23 have already done so.
Neither the United States nor Britain, where the top five loan providers are based, have yet ratified the treaty.
The Convention on Cluster Munitions includes a ban on assisting anyone to make the bombs.
Bank of America and JP Morgan declined to comment while Citigroup and Goldman Sachs also had no immediate reaction.""LONDON (Reuters) - Leading banks have funded arms manufacturers, whose products... more
-
-
"RIVETING, POWERFUL" "BLEW MY MIND"
The story of what happens to everyday Americans when corporations go to war.
Acclaimed director Robert Greenwald (Wal-Mart: The High Cost of Low Price, Outfoxed) takes you inside the lives of soldiers, truck drivers, widows and children who have been changed forever as a result of profiteering in the reconstruction of Iraq. Iraq for Sale uncovers the connections between private corporations making a killing in Iraq (Blackwater, Halliburton/KBR, CACI and Titan) and the decision makers who allow them to do so."RIVETING, POWERFUL" "BLEW MY MIND"
The story of what happens... more
-
-
SEOUL, Nov 17 Asia Pulse - Former U.S. Vice President Al Gore said Friday that the upcoming administration under U.S. President-elect Barak Obama is expected to further strengthen ties between South Korea and his country.
At a dinner meeting hosted by the Korea International Trade Association, Gore, a member of the U.S. Democratic Party, said that he senses that Obama considers the relations between South Korea and the U.S. as very important.
Gore, who served as vice president during Bill Clinton's administration, also noted that ties between the two nations have become stronger than ever, with leaders showing a keen interest in keeping the courteous alliance intact.
On the current global economic crisis, Gore proposed developing new infrastructure, underscoring that such projects may create new jobs and ultimately increase consumer spending.SEOUL, Nov 17 Asia Pulse - Former U.S. Vice President Al Gore said Friday that the... more
-
-
Leo Panitch: The death of the US trade union and Great Society have left the real economy vulnerable. Part 2
In part two of our series of interviews with Leo Panitch, he gives his explanation of the causes of the financial crisis. According to Leo, the powering of the domestic economy on credit withdrawals instead of wage increases in recent US history is in large part to blame for the current crisis, a situation that Leo blames in large part on the devolution of the American trade union. Finally, Leo explains how the credit freezes affect the real economy.
Leo Panitch is the Canada Research Chair in Comparative Political Economy and a Distinguished Research Professor of Political Science at York University in Toronto. Panitch is also the author of "Global Capitalism and American Empire" and his most recent release "American Empire and the Political Economy of International Finance".
See Part 1 at: http://current.com/items/89378166_free_markets_depend_on_state_intervention
See Part 3 at: http://current.com/items/89386959_the_financial_crisis_at_the_local_level
Leo Panitch: The death of the US trade union and Great Society have left the real... more
-
