Word: halliburton
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...come to the rescue soon, Germany will remain in deep trouble." - By Charles P. Wallace/Berlin Reconstructive Criticism It was about as discreet as a Rumsfeld one-liner: the U.S. has requested bids for $900 million to rebuild Iraq, using only American companies - including Vice President Cheney's old firm Halliburton. That prompted British M.P. Vincent Cable, backed by rapturous cheers, to ask Prime Minister Tony Blair if he was "embarrassed" to support a President who regards "war as an opportunity to dish out contracts to his cronies." The Foreign Office later said "it seems perfectly fair that if American money...
Industry sources tell TIME that oil-service companies like Schlumberger, Baker Hughes and Halliburton as well as construction giant Bechtel Group could split contracts worth up to $2 billion for getting Iraq's oil infrastructure back in shape. U.S. and European oil conglomerates will scramble for rights to exploit Iraq's oil deposits. But the Europeans are worried that the U.S might see the postwar period as payback time for their governments' foot dragging...
...decided he did not want the presidency badly enough. When Houston-based Halliburton, the oil-services giant, offered him its vacant CEO position, he took it, earning some $2 million a year. And when Bush II came along with the offer of Vice President, Cheney hesitated to return to politics - but not for long. He loathes only the retail kind of politics, the gripping-and-grinning, baby-kissing, self-aggrandizing, self-abnegating politics. Cheney loves and flourishes in a different political arena. It is the one that few outsiders see, the one in which, particularly in this Administration, all decisions...
...Commerce Committee in particular is contemplating more hearings this fall, with an invitation list that might include everyone from Global Crossing to ImClone, a committee source told Time. And as Democratic opponents seize on the White House's cozy links to corporate America--and especially to Harken Energy and Halliburton--the Bush Administration seems to believe that the best defense is a full-scale offensive...
...President George W. Bush was telling reporters, there is absolutely no doubt that Vice President Dick Cheney will beat the allegation that Halliburton Corp. cooked the books while he was CEO. And as for that slide in the stock market, chalk it up to a "hangover" from the Roaring Nineties (when Someone Else was in charge). According to a Bush adviser, the President is focused on the big picture and is "relatively uninterested in the daily economic ups and downs." Would that include the 390-point implosion in the Dow last Friday, which sent stocks hurtling through post...