Corporate Corruption News Articles

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It’s been nearly four years since the massive Enbridge oil spill in Marshall occurred, polluting waters in Calhoun and Kalamazoo counties. In July 2010, a rupture in pipeline 6-B allowed more than 800,000 gallons of oil to escape into the environment. There’s now a civil lawsuit that’s moving forward involving “whistleblower” John Bolenbaugh. The former SET Environmental cleanup worker claims Enbridge was responsible for his termination from SET and he’s also stated that he was harassed by Enbridge workers. He said this occurred after Enbridge instructed contractors to cover-up spilled oil with materials like grass rather than clean it up. After Bolenbaugh started making the accusations and documenting cleanup efforts, he said he was fired. He won a wrongful termination settlement against contractor, SET environmental. Now, he’s going after Enbridge for what he says is the company’s role in his termination of employment. Information that came out in the previous lawsuit is providing evidence in this new case. Meanwhile, Bolenbaugh said some of his claims of harassment include death threats that were left on his car and through electronic messaging, alleged assaults, [and] property damage including slashed tires. He said former security officer Garrett Murray, who worked for DK security, can back up his claims. Murray agreed to an interview and showed us a flier with Bolenbaugh’s picture and stats on it, even his license plate number, saying, “all personnel be alert”. He said it was posted on the wall.

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It was the part of the Fukushima Daiichi nuclear power plant that spooked American officials the most, as the complex spiraled out of control two and a half years ago: the spent fuel pool at Reactor No. 4, with more than 1,500 radioactive fuel assemblies left exposed when a hydrogen explosion blew the roof off the building. In the next 10 days, the plant’s operator, the Tokyo Electric Power Company, is set to start the delicate and risky task of using a crane to remove the fuel assemblies from the pool, a critical step in a long decommissioning process that has already had serious setbacks. The operation addresses a threat that has hung over the plant since the crisis started. It is still dangerous to have the fuel high up in a damaged structure that could collapse in another quake, experts warn. But removing it poses dangers, too. The fuel rods must remain immersed in water to block the gamma radiation they emit and allow workers to be in the area, and to prevent the rods from overheating. An accident could expose the rods and — in a worst-case scenario, some experts say — allow them to release radioactive materials beyond the plant. “There are potentially very big risks involved,” Shunichi Tanaka, the head of Japan’s nuclear regulator, said last week. “Each assembly must be handled very carefully.” “All I can do is pray that nothing goes wrong,” said Yasuro Kawai, a former plant engineer who now heads a group that is independently monitoring the decommissioning process.

Note: For further assessment of the risks associated with any attempt to remove the rods from the damaged Fukushima Reactor #4 fuel pool, click here. For more on the risks of nuclear power, see the deeply revealing reports from reliable major media sources available here.

U.S. Senator Elizabeth Warren said the political system is still “rigged” by lobbyists and special interests who work to keep the public “in the dark.” “I’ve been in the Senate for nearly a year and believe as strongly as ever that the system is rigged for powerful interests and against working families,” Warren said. Warren, a critic of Wall Street, rose to prominence by highlighting “tricks and traps” of credit-card disclosures and creating [the Consumer Financial Protection Bureau (CFPB)] as part of the 2010 Dodd-Frank Act. Warren said despite progress by the consumer bureau and confirmation of its director after a two-year delay, lobbyists for the financial industry continue to fight it and consumer groups shouldn’t let down their guard. “We all know that the fight isn’t over and that the lobbyists are still working to undercut the agency’s work,” Warren said. She compared the CFPB to government agencies that test the safety of physical products like cribs and paint, and said the bureau’s work on the safety of financial products will become just as valued by the public. “You tell me: When was the last time you heard someone call for regulators to go easier on companies that want to use lead paint on our children’s toys or leave the safety switches off toasters?” Warren asked. “The CFPB was designed from the very beginning to cut out tricks and traps in consumer finance and add transparency to the marketplace.”

Note: For an excellent video showing the courage and forthrightness of Elizabeth Warren, click here. For more on government corruption, see the deeply revealing reports from reliable major media sources available here.

Lawyers acting for Jeremy Hammond, the Chicago-based hacktivist facing up to 10 years in prison for releasing internal emails from the private intelligence agency Stratfor, have lodged 265 letters of support with the federal judge who will determine his sentence on 15 November. The letters call on judge Loretta Preska ... to show leniency towards Hammond, a former member of the hacking network Anonymous who has become a cause célčbre for hacktivists, civil libertarians and those concerned about the rights of whistleblowers. Among the correspondents are Daniel Ellsberg, source of the 1970s Pentagon Papers leak on the Vietnam war, and Jesselyn Radack, a former Justice Department whistleblower who now works at the Government Accountability Project. Hammond, 28, has pleaded guilty to one count under the Computer Fraud and Abuse Act (CFAA) relating to a 2011 cyber attack on Strategic Forecasting, Inc, known as Stratfor – an information analysis company based in Austin, Texas. Working alongside a fellow hacker operating under the internet handle Sabu – who was later revealed to be an FBI informant – Hammond downloaded an email spool from Stratfor containing millions of files and sent the data to the anti-secrecy website WikiLeaks which released them as the “Global Intelligence Files”. The Stratfor emails revealed that [Stratfor] had been contracted by Dow Chemical, parent company of Union Carbide which owned the Bhopal pesticide plant where the world’s worst industrial catastrophe took place in 1984, to follow the activities of campaigners seeking redress for the victims.

Note: For an excellent follow-up article titled "The Revolutionaries in Our Midst," click here. For more on privatization of "intelligence", see the deeply revealing reports from reliable major media sources available here.

The oil production technique known as fracking is more widespread and frequently used in the offshore platforms and man-made islands near some of California's most populous and famous coastal communities than state officials believed. In waters off Long Beach, Seal Beach and Huntington Beach — some of the region's most popular surfing strands and tourist attractions — oil companies have used fracking at least 203 times at six sites in the past two decades, according to interviews and drilling records obtained by The Associated Press through a public records request. Offshore hydraulic fracturing ... occurs with little state or federal oversight of the operations. The state oil permitting agency said it doesn't track fracking. Environmental groups are calling for a moratorium on the practice. "How is it that nobody in state government knew anything about this? It's a huge institutional failure," said Kassie Siegel, an attorney with the Center for Biological Diversity. "Offshore fracking is far more common than anyone realized." Little is known about the effects on the marine environment of fracking, which shoots water, sand and chemicals at high pressure to clear old wells or crack rock formations to free oil. Yet neither state nor federal environmental regulators have had any role in overseeing the practice as it increased to revitalize old wells. New oil leases off the state's shores have been prohibited since a 1969 oil platform blowout off Santa Barbara, which fouled miles of coastline and gave rise to the modern environmental movement. With no room for physical expansion, oil companies instead have turned to fracking to keep the oil flowing.

Note: For more on corporate corruption, see the deeply revealing reports from reliable major media sources available here.

It’s always been tough to start a new business, even when the bottom line was just making a profit to stay alive. A few years ago, a second focus of sustainability (“green”) was added as a requirement for respectability. Now I often hear a third mandate of social responsibility. Entrepreneurs are now measured against the “triple bottom line” (TBL or 3BL) of people, planet, and profit. The real challenge with the triple bottom line is that these three separate accounts cannot be easily added up. It’s difficult to measure the planet and people accounts in any quantifiable terms, compared to profits. How does any entrepreneur define the right balance, and then measure their performance against real metrics? Lots of people are trying to help. Current examples include the Conscious Capitalism movement led by John Mackey, The B Team, led by Sir Richard Branson, the 1% for the Planet organization, and the Benefit Corporation (B Corp) now available in 14 States. The reality is that you can’t help people or the environment, or yourself, if you don’t have any money. Businesses run by ethical people create value and prosperity based on voluntary exchange, while reducing poverty. The whole can be greater than the sum of the parts. The real opportunity for entrepreneurs is to provide solutions that solve a problem better than the competition, while also providing sustainability and social responsibility. Responsibility and integrity are still the key. A responsible entrepreneur promotes both loyalty and responsible consumption by educating consumers so they can make more informed decisions about their purchases, based on ecological footprints, and other sustainability criteria. That’s a win-win business for the customer and the entrepreneur.

Note: For more on the inspiring B Team, see the great three-minute video here and click here. For a treasure trove of great news articles which will inspire you to make a difference, click here.

Many of the chemicals found in America's most common foods are considered to be so unhealthy that they're actually illegal in other countries. Rich Food, Poor Food by [Dr.] Jayson Calton and Mira Calton, a certified nutritionist, features a list of what the authors call 'Banned Bad Boys' - a list of the ingredients, where they're banned and what caused governments to ban them. One of the most common 'Bad Boys' is different variations of food coloring, which actually is made from petroleum and is found in everyday items like soda, sports drinks, mac and cheese, cake, candy and several other common, American products. The chemicals used to make these different dyes have proven to cause various different cancers and can even potentially mutate healthy DNA. European countries like Norway, Finland, France and Austria all have banned at least one variation of petroleum-containing food coloring. Another common additive banned in other countries but allowed in the U.S. is Olestra, which essentially is a fat substitute found in products that traditionally have actual fat. For example, low-fat potato chips ... contain Olestra - which is shown to cause the depletion of fat-soluble vitamins. Olestra has been banned in several countries, including the United Kingdom and Canada. In 2003, the FDA lifted a requirement forcing companies that use Olestra in their products to include a label warning consumers that the food their eating could cause 'cramps and diarrhea,' despite the fact that the agency received more than 20,000 reports of gastrointestinal complaints among olestra eaters.

Note: We don't usually use the Daily Mail as a reliable source, but as this article is so important and no other major media is reporting it, we decided to include it here. For more on corporate and government corruption, see the deeply revealing reports from reliable major media sources available here and here.

An estimated $750 million is missing from Angola's treasury [after] a deal with Russia facilitated by a Swiss bank and a shell company registered in Britain's Isle of Man, a report by a corruption watchdog group said. Russian and French arms dealers got away with $263 million, Angola's president reportedly stashed away more than $36 million, and three Angolan officials and a former Russian legislator got away with smaller amounts. Another $400 million is unaccounted for, according to Corruption Watch UK. The Angolan exposé is the latest of a slew of reports on corruption, its cost to development, and how it is aided by bankers and shell companies that keep secret the identities of owners. Angola has long been accused of siphoning off payments from its massive oil production, worth about $40 billion in 2011 according to Revenue Watch. They enrich a small coterie surrounding President Jose Eduardo dos Santos, while nearly half the population lives below the poverty line. Dos Santos has ruled Angola for 33 years. The $750 million that disappeared from Angola was supposed to repay a $1.5 billion debt to Russia for help in its 27-year civil war. Angola paid with promissory notes on future oil shipments, but those notes went through shell companies that milked much of the money, the report said. Russian and French arms dealers took most of the money owed to Russia, the report said. The illegal transfer of capital from Africa has surpassed $50 billion a year.

Note: Global arms dealers work feverishly behind the scenes to enflame wars so that their huge profits keep rolling. Yet governments around the world seem reluctant to try to stop or even monitor this lucrative trade. Do you think there might be any collusion here?

Protesters rallied in dozens of cities [on May 26] as part of a global protest against seed giant Monsanto and the genetically modified food it produces. Organizers said "March Against Monsanto" protests were held in 52 countries and 436 cities, including Los Angeles where demonstrators waved signs that read "Real Food 4 Real People" and "Label GMOs, It's Our Right to Know." The 'March Against Monsanto' movement began just a few months ago, when founder and organizer Tami Canal created a Facebook page on Feb. 28 calling for a rally against the company's practices. "If I had gotten 3,000 people to join me, I would have considered that a success," she said Saturday. Instead, she said an "incredible" number of people responded to her message and turned out to rally. "It was empowering and inspiring to see so many people, from different walks of life, put aside their differences and come together today," Canal said. The group plans to harness the success of the event to continue its anti-GMO cause. "We will continue until Monsanto complies with consumer demand. They are poisoning our children, poisoning our planet," she said. Protesters in Buenos Aires and other cities in Argentina, where Monsanto's genetically modified soy and grains now command nearly 100% of the market, ... carried signs saying "Monsanto-Get out of Latin America." In Portland, thousands of protesters took to Oregon streets. Police estimate about 6,000 protesters took part in Portland's peaceful march.

Note: For a powerful summary of the dangers to health and the environment from genetically modified foods, click here. For major media news articles revealing the risks and dangers of GMOs, click here. For a treasure trove of great news articles which will inspire you to make a difference, click here.

The former head of Anglo Irish Bank, Sean FitzPatrick, has been arrested by Irish police in connection with alleged financial irregularities at the bank. He is the third former senior executive from Anglo Irish Bank to appear in court within the past 24 hours. All three men face 16 charges in relation to an alleged failed attempt to prop up Anglo's share price after a stock market collapse. Anglo was nationalised at a cost of about 30bn euros (Ł23.4bn) to Irish taxpayers. Anglo was badly exposed by the bursting of the Irish property bubble and suffered the largest corporate loss in the history of the Republic of Ireland. It is the third time Mr FitzPatrick has been arrested as part of the three-and-a-half year long investigation into the collapse of Anglo Irish Bank. Willie McAteer - the second in command at the bank before his resignation in January 2009 - appeared in court alongside Pat Whelan, a former head of lending and operations at the bank. The former bank is being wound down and is currently being run by the Irish Bank Resolution Corporation Limited (IBRC).

Note: For deeply revealing and reliable major media reports on corruption and criminality in the operations and regulation of the financial sector, click here.

After years of following the paper trail of $51 billion in U.S. taxpayer dollars provided to rebuild a broken Iraq, the U.S. government can say with certainty that too much was wasted. But it can't say how much. In what it called its final audit report, the Office of the Special Inspector General for Iraq Reconstruction Funds ... spelled out a range of accounting weaknesses that put "billions of American taxpayer dollars at risk of waste and misappropriation" in the largest reconstruction project of its kind in U.S. history. "The precise amount lost to fraud and waste can never be known," the report said. The office has spent more than $200 million tracking the reconstruction funds, and in addition to producing numerous reports, his office has investigated criminal fraud that has resulted in 87 indictments, 71 convictions and $176 million in fines and other penalties. These include civilians and military members accused of kickbacks, bribery, bid-rigging, fraud, embezzlement and outright theft of government property and funds. Of the $51 billion that Congress approved for Iraq reconstruction, about $20 billion was for rebuilding Iraqi security forces and about $20 billion was for rebuilding the country's basic infrastructure.

Note: For lots more from reliable major media sources on government corruption, click here.

Organic food has become a wildly lucrative business for Big Food and a premium-price-means-premium-profit section of the grocery store. The industry’s image — contented cows grazing on the green hills of family-owned farms — is mostly pure fantasy. Or rather, pure marketing. Big Food, it turns out, has spawned what might be called Big Organic. Bear Naked, Wholesome & Hearty, Kashi: All three and more actually belong to the cereals giant Kellogg. Naked Juice? That would be PepsiCo, of Pepsi and Fritos fame. And behind the pastoral-sounding Walnut Acres, Healthy Valley and Spectrum Organics is none other than Hain Celestial, once affiliated with Heinz, the grand old name in ketchup. Over the past decade, since federal organic standards have come to the fore, giant agri-food corporations like these and others — Coca-Cola, Cargill, ConAgra, General Mills, Kraft and M&M Mars among them — have gobbled up most of the nation’s organic food industry. Pure, locally produced ingredients from small family farms? Not so much anymore. Many consumers may not realize the extent to which giant corporations have come to dominate organic food. Then again, giant corporations don’t exactly trumpet their role in the industry. Their financial motivation, however, is obvious. Between the time the Agriculture Department came up with its proposed regulations for the organic industry in 1997 and the time those rules became law in 2002, myriad small, independent organic companies — from Honest Tea to Cascadian Farm — were snapped up by corporate titans. Heinz and Hain together bought 19 organic brands.

Last year’s tsunami disaster in Japan clouded the nation’s nuclear future, idled its reactors and rendered its huge stockpile of plutonium useless for now. So, the industry’s plan to produce even more has raised a red flag. Nuclear industry officials say they hope to start producing a half-ton of plutonium within months, in addition to the more than 35 tons Japan already has stored around the world. That’s even though all the reactors that might use it are either inoperable or offline while the country rethinks its nuclear policy after the tsunami-generated Fukushima crisis. “It’s crazy,” said Princeton University professor Frank von Hippel, a leading authority on nonproliferation issues and a former assistant director for national security in the White House Office of Science and Technology. “There is absolutely no reason to do that.” Japan’s nuclear industry produces plutonium — which is strictly regulated globally because it also is used for nuclear weapons — by reprocessing spent, uranium-based fuel in a procedure aimed at decreasing radioactive waste that otherwise would require long-term storage. Fuel reprocessing remains unreliable and it is questionable whether it is a viable way of reducing Japan’s massive amounts of spent fuel rods, said Takeo Kikkawa, a Hitotsubashi University professor specializing in energy issues. “Japan should abandon the program altogether,” said Hideyuki Ban, co-director of a respected anti-nuclear Citizens’ Nuclear Information Center. “Then we can also contribute to the global effort for nuclear non-proliferation.”

Note: For a state-of-the-art analysis revealing that radioactive fallout from the Fukushima meltdown is at least as big as Chernobyl and more global in reach, click here.

Political gridlock. High national debt. Rock-bottom bond rates. An aging population. Warnings about more downgrades. Sound like the United States? Indeed. But those characteristics also describe Japan -- the country that fiscal experts often point to as a cautionary tale about the risk of carrying too much national debt for too long. Ever since a stock market crash and banking crisis more than 20 years ago, Japan has suffered from anemic growth for much of that time and its debt has soared. The country's debt is projected to be 239% of the size of its economy by the end of this year. U.S. gross debt, by contrast, is a little over 100% of GDP. On almost every economic and demographic measure, U.S. fiscal problems are still less urgent than the ones facing Japan today, said Nariman Behravesh, chief economist at IHS Global Insight. In his view, the biggest debt-related problem facing Americans today is gridlock in Washington. "We have a political crisis in the United States," he said. There are plenty of ideas for how Washington could curb the growth in debt without undermining the economy. For example, lawmakers could phase in tax increases and spending cuts over time. They could agree on a credible plan that puts off serious fiscal restraint until the economy is stronger. What's missing though is political cooperation. But, Behravesh said, "If we're careful, we can resolve this sensibly."

Note: For an alternative analysis by Paul Craig Roberts, click here. He notes that "Unlike Japan, whose national debt is the largest of all, Americans do not own their own public debt. Much of US debt is owned abroad, especially by China, Japan, and OPEC, the oil exporting countries. This places the US economy in foreign hands." Roberts is a former Assistant Secretary of the US Treasury, Associate Editor of the Wall Street Journal, columnist for Business Week, and professor of economics.

A spate of earthquakes across the middle of the U.S. is "almost certainly" man-made, and may be caused by wastewater from oil or gas drilling injected into the ground, U.S. government scientists said in a study. Researchers from the U.S. Geological Survey said that for the three decades until 2000, seismic events in the nation's midsection averaged 21 a year. They jumped to 50 in 2009, 87 in 2010 and 134 in 2011. Those statistics, included in the abstract of a research paper to be discussed at the Seismological Society of America conference next week in San Diego, will add pressure on an energy industry already confronting more regulation of the process of hydraulic fracturing. An abstract of the federal study, which was led by William Ellsworth, Earthquake Science Center staff director for the U.S. Geological Survey in Menlo Park, California, was published online earlier this month. "A naturally-occurring rate change of this magnitude is unprecedented outside of volcanic settings or in the absence of a main shock, of which there were neither in this region," Ellsworth and his colleagues wrote.

Note: Few are aware that Canada's province Quebec has banned fracking. Many other places are considering similar measures.

Gregg Williams' profanity-filled speech to the New Orleans Saints' defensive players the night before their mid-January playoff game against the San Francisco 49ers included a target list: Alex Smith's chin. Vernon Davis' ankles. Kyle Williams' head. Frank Gore's head. And, according to audio captured ... Williams chillingly suggested that 49ers wide receiver Michael Crabtree "becomes human when we (expletive) take out that outside ACL." [This] provided more evidence against the Saints on a day when coach Sean Payton, assistant head coach Joe Vitt and general manager Mickey Loomis met with NFL Commissioner Roger Goodell to appeal penalties for their roles in a bounty scandal that has rocked the league. The audio also raised anew some questions for the NFL. Has the league lost control of what is supposed to be the controlled violence of America's most popular game? And how might the sport be affected by its professional level's apparent disregard for player safety. While Williams' speech ... could easily be criticized for ill intent, it also illustrated the type of macho mentality that has existed in pro football since its inception. A former linebacker [Coy Wire] played under Williams with the Buffalo Bills when players were also paid cash in a similar bounty scheme. "Gregg Williams was part of a culture of relentlessness," says Wire. "It wasn't just him. It was a group of people who wanted to find a competitive edge." In its findings announced in early March, the league maintained that between 22 and 27 players from the Saints defenses from 2009 to 2011 were involved in the bounty program.

A top federal regulator's ties to Monsanto Co., a maker of genetically modified food, are fueling an election-year recall push by consumer and public-interest groups flexing their clout on the Internet. Michael Taylor, the Food and Drug Administration's deputy commissioner for food safety, is at the center of a burgeoning dispute between opponents who have collected more than 420,000 signatures on an online petition demanding he be fired and supporters who praise his efforts to curb food-borne illnesses. At issue is the 16 months ending in 2000 that Taylor worked as Monsanto's vice president for public policy, between stints in the Clinton and Obama administrations. The petition reflects anger over the agency's enforcement actions against small food producers and products such as raw milk. The online petition, along with others circulated on Facebook and other social-media sites since at least August, blames Taylor for allowing genetically modified organisms into the U.S. food supply without requiring testing as to their effects while he served at the agency in the 1990s. Taylor, in an interview, said his work is misrepresented, and the effort to have him fired "is more about Monsanto than about me. The claim is I was a Monsanto lobbyist, which paints a bad picture," he said. "It doesn't say what I did there or what I think about biotechnology."

Note: For lots more on Monsanto's unethical practices, click here and here. For key reports from reliable sources on corporate and government corruption, click here and here.

Japan's nuclear power industry, which once ignored opposition, now finds its existence threatened by women angered by official [secrecy] on radiation from the Fukushima Daiichi nuclear plant. More than 100 anti-nuclear demonstrators, most of them women, met with officials of the Nuclear Safety Commission this week and handed over a statement calling for a transparent investigation into the accident and a permanent shutdown of all nuclear power plants. Groups of women, braving a cold winter, have been setting up tents since last week preparing for a new sit-in campaign in front of the ministry of economic affairs. The women have pledged to continue their demonstration for 10 months and 10 days, traditionally reckoned in Japan as a full term that covers a pregnancy. "Our protests are aimed at achieving a rebirth in Japanese society," said Chieko Shina, a participant, and a grandmother from Fukushima. "The ongoing demonstrations symbolise the determination of ordinary people who do not want nuclear power because it is dangerous. There is also the bigger message that we do not trust the government any more," said Takanobu Kobayashi, who manages the Matsudo network of citizens' movements. Distrust stems primarily from the fact that the meltdown of the Fukushima reactors was not reported to the public immediately, causing huge health risks to the local population from radiation leaks.

Note: For lots more on corporate and government corruption from reliable sources, click here and here.

Hidden in the soil of Illinois and Iowa, a new generation of insect larvae appears to be munching happily on the roots of genetically engineered corn, according to scientists. It's bad news for corn farmers, who paid extra money for this line of corn, counting on the power of its inserted genes to kill those pests. It's also bad news for the biotech company Monsanto, which inserted the larvae-killing gene in the first place. In fact, the gene's apparent failure ... may be the most serious threat to a genetically modified crop in the U.S. since farmers first started growing them 15 years ago. The economic impact could be "huge," says the University of Arizona's Bruce Tabashnik, one of the country's top experts on the adaptation of insects to genetically engineered crops. Billions of dollars are at stake. The scientists who called for caution now are saying "I told you so," because there are signs that a new strain of resistant rootworms is emerging. In eastern Iowa, northwestern Illinois, and parts of Minnesota and Nebraska, rows of Bt corn have toppled over, their roots eaten by rootworms. Entomologist Aaron Gassmann at Iowa State University, who authored the [new] paper, collected insects from some of these fields and found many with a greater-than-expected ability to tolerate Bt. The EPA is now recommending that ... farmers in areas where such damage has been observed to stop planting this kind of Bt corn altogether. Instead, those farmers will have to use other methods, such as spraying chemical insecticides, to control the rootworm.

Note: For more on the destructive impacts of GMO crop technology, see the deeply revealing reports from reliable major media sources available here.

In August, as rebels fought forces loyal to President Muammar Gaddafi, two representatives of a British business consortium took a "rather long and arduous ferry journey from Malta" to the North African country. The men traveled to Libya at the invitation of the rebel administration. Britain, along with France and the United States, had given political and military support for the uprising against Gaddafi and sponsored the rebel leadership, the National Transitional Council (NTC). This was a chance to close some deals. The visitors keep coming. French President Nicolas Sarkozy and British Prime Minister David Cameron received a heroes' welcome last week when they became the first western leaders to visit since Gaddafi's ouster. Interim leader Abdel Jalil said the rebels' allies could expect preferential treatment in return for their help. It was a clear signal that countries which had not backed the NATO bombing campaign, including Russia, China and Germany, or which were slow to denounce Gaddafi, like Italy, stand to lose out. But if French and British politicians are tallying up the contracts, business executives are leaving little to chance. Dozens of executives from France, Britain, Italy and other countries have spent months building ties with potential Libyan partners. The potential profits are huge.

Note: For a two-page summary of US Marine Corps General Smedley Butler's explanation of the profiteering behind modern wars, click here. For key reports on corporate and government corruption from major media sources, click here and here.

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