Democratic Underground - That reminds me of this article by Naomi Klein. US corps are getting paid

Reply #39: That reminds me of this article by Naomi Klein. US corps are getting paid [View All]

oblivious

(1000+ posts) Send PM | Profile | Ignore

Wed Jun-22-05 08:27 AM
Response to Reply #32

39. That reminds me of this article by Naomi Klein. US corps are getting paid

Edited on Wed Jun-22-05 08:27 AM by oblivious

Why is war-torn Iraq giving $190,000 to Toys R Us?

Saturday October 16, 2004

...Here is a small sample of who has been getting "reparation" awards from Iraq: Halliburton ($18m), Bechtel ($7m), Mobil ($2.3m), Shell ($1.6m), Nestlé ($2.6m), Pepsi ($3.8m), Philip Morris ($1.3m), Sheraton ($11m), Kentucky Fried Chicken ($321,000) and Toys R Us ($189,449). In the vast majority of cases, these corporations did not claim that Saddam's forces damaged their property in Kuwait - only that they "lost profits" or, in the case of American Express, experienced a "decline in business" because of the invasion and occupation of Kuwait. One of the biggest winners has been Texaco, which was awarded $505m in 1999. According to a UNCC spokesperson, only 12% of that reparation award has been paid, which means hundreds of millions more will have to come out of the coffers of post-Saddam Iraq.

http://www.guardian.co.uk/Iraq/Story/0,2763,1328887,00.html
Edit: spelling

Powered by DCForum+ Version 1.1 Copyright 1997-2002 DCScripts.com
Software has been extensively modified by the DU administrators

Important Notices: By participating on this discussion board, visitors agree to abide by the rules outlined on our Rules page. Messages posted on the Democratic Underground Discussion Forums are the opinions of the individuals who post them, and do not necessarily represent the opinions of Democratic Underground, LLC.

Got a message for Democratic Underground? Click here to send us a message.

Reply #39: That reminds me of this article by Naomi Klein. US corps are getting paid [View All]