The Business of War

A nearly two-year investigation by the Center for Public Integrity's International Consortium of Investigative Journalists has identified at least 90 private military companies worldwide that intervene on behalf of governments in military conflicts. The ICIJ investigation shows how profits from war commerce have gone to a small group of individuals and companies with connections to governments, multinational corporations and, sometimes, criminal syndicates in the United States, Europe, Africa and the Middle East.


Corporate-Friendly Researchers Fabricated Data

A series of influential studies purporting to show that federal regulation is broadly irrational are based on data that is highly misleading and frequently manufactured to fit a preconceived point of view, according to an investigation by Richard Parker, a law professor at the University of Connecticut.


The Death of the Internet

"The Internet's promise as a new medium -- where text, audio, video and data can be freely exchanged -- is under attack by the corporations that control the public's access to the 'Net, as they see opportunities to monitor and charge for the content people seek and send," writes Jeff Chester of the Center for Digital Democracy. "The industry's vision is the online equivalent of seizing the taxpayer-owned airways, as radio and television conglomerates did over the course of the 20th century.


New York City Doesn't Like Microsoft's Decals

Microsoft is the latest company to upset city officials by using sidewalks and other public property for a "guerilla" marketing campaign. According to the Associated Press, "In New York, municipal workers removed hundreds of Microsoft decals on Thursday and planned to remove hundreds more on Friday. ... 'We intend to hold your firm directly responsible for this illegal, irresponsible and dangerous defacing of public property,' Cesar Fernandez, the department's assistant counsel, said in a letter to Microsoft.


Industry Friendly Appointments to Lead Panel

Congressional Democrats accuse the Bush Administration of stacking the Center for Disease Control's Advisory Committee on Childhood Lead Poisoning Prevention with "individuals who are affiliated or openly sympathetic with the views of the lead industry." Their report "Turning Lead Into Gold: How the Bush Administration is Poisoning the Lead Advisory Committee at the CDC" details recent changes to the panel, noting the removal or rejection of several academic experts on lead poisoning.


The "Sgt. Schultz" Defense

Enron CEO Ken Lay and Global Crossing CEO Gary Winnick are both claiming that they knew nothing about the billion-dollar shortfalls, deceptive accounting and other problems at their companies. Experts say ignorance is a "potentially effective legal strategy," even though "you should expect chairmen to be aware of major factors affecting the business." After all, isn't that why they pay them the big bucks?


The Long Boom of Bad Reporting

"Pick up The Wall Street Journal today, and the business pages are full of stories about the men and women who built the stock market bubble," writes business journalist Philip Longman. "But there's another sector of the economy, deeply implicated in the collapse, whose conflicts of interest, ethical lapses and naive enthusiasms have so far received little press attention: business journalism itself." Longman examines the conflicts of interest and delusions that led journalists to hype the stock market bubble.


Halliburton Hires Crisis PR Firm

Halliburton Corp., Vice President Dick Cheney's troubled former company, has hired spin doctor Michael Sitrick, whose firm was most recently hired by the Archdiocese of Los Angeles to manage its pedophile-priests scandal. "Halliburton, being sued by shareholders for alleged fraud, is under investigation by the Securities and Exchange Commission and might face a financial meltdown if it can't negotiate a global settlement over asbestos litigation," notes the Washington Post.


Pity the Poor CEO

Life is tough these days for corporate executives, sighs US News & World Report. "After being lionized by investors and the media and showered with money and perks for the past decade, corporate officers and directors are now feeling the heat," writes Matthew Benjamin. "To many executives, the job may not be worth the hassle," and many are worried about the legal liabilities that now come with the job.



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