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General News    H2'ed 8/17/09

WINNERS AND LOSERS IN THE AMERICAN WARFARE STATE

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"On my last day in Iraq," veteran McClatchy News correspondent Leila Fadel wrote August 9th, "as on my first day in Iraq, I couldn't see what the United States and its allies had accomplished. "I couldn't understand what thousands of American soldiers had died for and why hundreds of thousands of Iraqis had been killed."

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Quite a few oil company CEO's and "defense" industry executives, however,do have a pretty good idea of why the war Fadel deplored is being fought. As Michael Cherkasky, president of Kroll Inc., said a year after the Iraq invasion boosted his security firm's profits 231 percent: "It's the Gold Rush." What follows is a brief look at some of the outfits that cashed in---and at the multitudes that got took.

"Defense Earnings Continue to Soar," Renae Merle wrote in The Washington Post on July 30, 2007. "Several of Washington's largest defense contractors said last week that they continue to benefit from a boom in spending on the wars in Iraq and Afghanistan"" Merle added, "Profit reports from Northrop Grumman, General Dynamics and Lockheed Martin showed particularly strong results in operations in the region." More recently, Boeing's second-quarter earnings this year rose 17 percent, Associated Press reported, in part because of what AP called "robust defense sales."

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Sherwood Ross worked as a reporter for the Chicago Daily News and contributed a regular "Workplace" column for Reuters. He has contributed to national magazines and hosted a talk show on WOL, Washington, D.C. In the Sixties he was active as public (more...)
 
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