By SARAH ANDERSON
Merchants of Death – Lithograph by Mabel Dwight
CEOs of major U.S. military contractors stand to reap huge windfalls from the escalation of conflict with Iran. This was evident in the immediate aftermath of the U.S. assassination of a top Iranian military official . As soon as the news reached financial markets, these companies’ share prices spiked, inflating the value of their executives’ stock-based pay.
I took a look at how the CEOs at the top five Pentagon contractors were affected by this surge, using the most recent SEC information on their stock holdings. Continue reading
By K.C. ADAMS
Canada’s integration into the U.S. imperialist war economy is a serious matter of concern for Canadians. The U.S. war economy has tentacles into every U.S. state as well as Canada and countless other places abroad. The war economy encompasses production and sales of military goods and services to military customers domestically and internationally and all the fixed and circulating value it requires to operate such as buildings and fuel. The war economy includes thousands of military bases, airports, colleges, research centres, intelligence agencies, testing facilities and a vast army of active duty and reservist military personnel and services to veterans. Continue reading
Since this article was published a week ago, the US Commerce Dept. has levied additional tariffs on Bombardier at the behest of Boeing, now amounting to some 300 per cent on a sale of the C Series of aircraft to Delta Air Lines Inc. Yesterday, Bombardier announced that Airbus SE, a European Union monopoly and the main rival to Boeing, has assumed 50.1 majority ownership of the C Series airliner, without putting up a dime, in a deal that lasts only seven years. Jetliners ordered for the US market will be assembled in Mobile, Alabama to circumvent the tariffs. The C Series was originally intended to end the duopoly in the narrow-body jet market between Airbus’s A320 family and Boeing’s 737. Continue reading
By TONY SEED
THE 227 passengers and 12 crew members aboard are still missing. The search continues for the aircraft, which took off from Kuala Lumpur on March 8. It is now in its fifth week, and the only credible information that may give clues to the whereabouts of the missing jumbo aircraft come from satellite images and pings from the floor of the Indian Ocean.
The images publicly cited have all come from Chinese, French and Thai satellites. At the time of writing, not one single image revealed to the public has emanated from a U.S. satellite. Yet all the data analysis has been conducted by one Pentagon-linked company. Why is this? Continue reading