HOUSTON (AP) — Former Halliburton subsidiary KBR Inc. said Tuesday fourth-quarter profit rose 65 percent, lifted by contributions from natural-gas projects, work in Iraq and a tax benefit related to a 2006 asset sale.
The Houston-based military contractor and engineering and construction firm said profit for the October-December period was $71 million, or 42 cents a share, up from $43 million, or 28 cents a share, in the prior-year period.
The most-recent quarter included income from discontinued operations of $23 million, or 14 cents a share, due to tax benefits from the 2006 sale of its production services group.
The prior-year period included a loss from discontinued operations of $2 million, or 1 cent a share.
Wall Street expected KBR to earn 32 cents in the quarter, excluding one-time items.
“The power of the Executive to cast a man into prison without formulating any charge known to the law, and particularly to deny him the judgment of his peers, is in the highest degree odious and is the foundation of all totalitarian government whether Nazi or Communist.”
- Winston Churchill, Nov. 21, 1943
Since 9/11, and seemingly without the notice of most Americans, the federal government has assumed the authority to institute martial law, arrest a wide swath of dissidents (citizen and noncitizen alike), and detain people without legal or constitutional recourse in the event of “an emergency influx of immigrants in the U.S., or to support the rapid development of new programs.”
Beginning in 1999, the government has entered into a series of single-bid contracts with Halliburton subsidiary Kellogg, Brown and Root (KBR) to build detention camps at undisclosed locations within the United States. The government has also contracted with several companies to build thousands of railcars, some reportedly equipped with shackles, ostensibly to transport detainees.
Halliburton reported that revenue was $15.3 billion for the full year 2007, an increase of 18% from the full year 2006, and operating income was $3.5 billion, an increase of 8% from the full year 2006. Income from continuing operations for the full year 2007 was $2.5 billion, or $2.66 per diluted share, compared to 2006 income from continuing operations of $2.2 billion, or $2.07 per diluted share. 2007 earnings per share were positively impacted by improved operating performance, a lower share count, and the favorable income tax impact from the ability to recognize United States foreign tax credits that were previously assumed not to be fully utilizable. Net income in 2007 was $3.5 billion, or $3.68 per diluted share, compared to 2006 net income of $2.3 billion, or $2.23 per diluted share. Income from discontinued operations in 2007 included a net gain of $933 million recorded for the separation of KBR, Inc.
Great news for the war profiteers of Cheney’s Halliburton
While you’re financing the trillion-dollar Iraq debacle, the execs at Halliburton got some good news today from the United Arab Emirates: The UAE’s airline, Emirates, is now offering nonstop service to Houston, Dubai’s news service reports.
New York already has three flights daily to Dubai. But why now Houston? Halliburton is moving its headquarters to Dubai. And with that move, huge bundles of taxpayer cash are exiting the U.S.
Come to think of it he probably isn’t. He just likes to kill and maim and the only way to do that legally is to rent himself and his boys out to the government.
According to Jeremy Scahills exellent book about Blackwater USA, he acctually has partaken in some military actions in Afghanistan.
He is a trained marine who has seen action in former Yoegoslavia and only quit the army when his father died and his wife was ill with cancer. Handy to have a billion or so lying around to build a private army with. Also very handy to know Cheney from his internship in the Whitehouse in 1992 accidently the same time Cheney asked Halliburton to research the possibility of privatizong the army.
Maybe he can’t kill anymore but he can sure let his boys do it for him. Also it probably helps to have converted back to Catholisism after all he’s fighting the Moslem infidels and GOD is on his side.
Paul Joseph Watson
Monday, October 1, 2007
‘Report: Russia Evacuates Entire Bushehr Staff’
Iranian and Israeli news outlets are reporting that Russia has evacuated its entire staff of nuclear engineers and experts who were working at the Bushehr nuclear reactor, increasing speculation that the United States is preparing an imminent military attack on Iran.
Presidential Airways, Inc is not just a nice aviation service, they have been implicated in the CIA rendition flights.
It is extremely worrying the a trigger happy mercenary group closely connected to Cheney gets this job in a highly volatile region were appart from Afghanistan no official American business is conducted.
Earlier this month, Blackwater USA was involved in the fatal shooting of 11 Iraqi civilians. While the Iraqi government swiftly condemned the contractor, the Bush administration has continued to back Blackwater’s story that it was “defensive fire.”
Last Thursday, Gen. Peter Pace told reporters, “Blackwater has been a contractor in the past with the department and could certainly be in the future.” The next day, that future was already here. The Pentagon had issued a new list of contracts, including one worth $92 million to Presidential Airways, the “aviation unit of parent company Blackwater.” From the release:
Presidential Airways, Inc., an aviation Worldwide Services company (d/b/a Blackwater Aviation), Moyock, N.C., is being awarded an indefinite delivery/indefinite quantity (IDIQ) type contract for $92,000,000.00. The contractor is to provide all fixed-wing aircraft, personnel, equipment, tools, material, maintenance and supervision necessary to perform passenger, cargo and combi Short Take-Off and Landing air transportation services between locations in the Area of Responsibility of Afghanistan, Kyrgyzstan, Pakistan and Uzbekistan. This contract was competitively procured and two timely offers were received. The performance period is from 1 Oct. 2007 to 30 September 2011.
I think Hersh is naive, in thinking that Cheney honestly believes that he is doing a good thing in spreading Democracy in the middle east. I think Cheney is a clinical murderous thug who is only interested in money and power.
The Bush family’s involvement in drug-running is an open secret, but Dick Cheney’s direct link to a global drug pipeline through a US construction company is less well known.
FROM MEDELLIN TO MOSCOW WITH BROWN & ROOT
Halliburton Corporation’s Brown & Root is one of the major components of the Bush-Cheney Drug Empire. The success of Bush Vice-Presidential running mate Richard Cheney at leading Halliburton, Inc. to a five-year, US$3.8 billion “pig-out” on federal contracts and taxpayer-insured loans is only a partial indicator of what may happen, now that the Bush ticket has won the US presidential election.
A closer look at available research, including an August 2, 2000 report by the Center for Public Integrity (CPI) (www.public-i.org), suggests that drug money has played a role in the successes achieved by Halliburton under Cheney’s tenure as CEO from 1995 to 2000. This is especially true for Halliburton’s most famous subsidiary, heavy construction and oil giant Brown & Root. A deeper look into history reveals that Brown & Root’s past – as well as the past of Dick Cheney himself – connects to the international drug trade on more than one occasion and in more than one way.
Last June, the lead Washington, DC, attorney for a major Russian oil company connected in law enforcement reports to heroin smuggling, and also a beneficiary of US-backed loans to pay for Brown & Root contracts in Russia, held a $2.2 million fundraiser to fill the already bulging coffers of presidential candidate George W. Bush. This is not the first time that Brown & Root has been connected to illegal drugs, and the fact is that this “poster child” of American industry may also be a key player in Wall Street’s efforts to maintain domination of the half-trillion-dollar-a-year global drug trade and its profits. And Dick Cheney, who has also come closer to illegal drugs than most suspect and who is also Halliburton’s largest individual shareholder ($45.5 million), has a vested interest in seeing to it that Brown & Root’s successes continue.
BAGHDAD: Security contractors opened fire in western Baghdad on Sunday, killing at least nine civilians and wounding 18, Iraqi police said. The U.S. Embassy said contractors working for the State Department were involved in an incident but provided no further details.
The shootings happened about 12:30 on Nisoor Square in the predominantly Sunni neighborhood of Mansour, a police officer said, speaking on condition of anonymity because he wasn’t authorized to release the information.
The security contractors were in a convoy of six SUVs and left the scene after the shooting. The policeman said he did not have more details, but a witness said the shooting erupted after an explosion.
French Foreign Minister Bernard Kouchner said his country must prepare for the possibility of war against Iran over its nuclear programme, but he did not believe any such action was imminent.
Seeking to ratchet up the pressure on Iran, Kouchner also told RTL radio and LCI television that the world’s major powers should use further sanctions to show they were serious about stopping Tehran getting atom bombs, and said France had asked French firms not to bid for tenders in the Islamic Republic.
“We must prepare for the worst,” Kouchner said in an interview, adding: “The worst, sir, is war.”
IT was just after midnight when the 69th Squadron of Israeli F15Is crossed the Syrian coast-line. On the ground, Syria’s formidable air defences went dead. An audacious raid on a Syrian target 50 miles from the Iraqi border was under way.
At a rendezvous point on the ground, a Shaldag air force commando team was waiting to direct their laser beams at the target for the approaching jets. The team had arrived a day earlier, taking up position near a large underground depot. Soon the bunkers were in flames.
Ten days after the jets reached home, their mission was the focus of intense speculation this weekend amid claims that Israel believed it had destroyed a cache of nuclear materials from North Korea.
By Philip Sherwell in New York and Tim Shipman in Washington
Last Updated: 3:20am BST 16/09/2007
Senior American intelligence and defence officials believe that President George W Bush and his inner circle are taking steps to place America on the path to war with Iran, The Sunday Telegraph has learnt.
Dick Cheney (‘The Man’) with George W BushPentagon planners have developed a list of up to 2,000 bombing targets in Iran, amid growing fears among serving officers that diplomatic efforts to slow Iran’s nuclear weapons programme are doomed to fail.
Pentagon and CIA officers say they believe that the White House has begun a carefully calibrated programme of escalation that could lead to a military showdown with Iran.
Now it has emerged that Condoleezza Rice, the secretary of state, who has been pushing for a diplomatic solution, is prepared to settle her differences with Vice-President Dick Cheney and sanction military action.
In a chilling scenario of how war might come, a senior intelligence officer warned that public denunciation of Iranian meddling in Iraq – arming and training militants – would lead to cross border raids on Iranian training camps and bomb factories.
The biggest threat to our freedoms comes not from al-Qaida but from the security bureaucrats and their cronies
Friday September 14, 2007
I admit it is a grim question for a fine autumn weekend, but is liberty in decline? Have we taken the old girl for granted so long that we cannot see her lined face, frayed garments and sagging bosom? The swimming pool in Baghdad’s Green Zone may be Liberty Pool and American chips Freedom Fries, but the glory days are over. Sex appeal these days has passed from liberty to power.
Yep, the surge is working, add genocide through sickness to the list of war crimes.
BAGHDAD, Sept. 11 — A cholera epidemic in northern Iraq has infected approximately 7,000 people and could reach Baghdad within weeks as the disease spreads through the country’s decrepit and unsanitary water system, Iraqi health officials said Tuesday.
The World Health Organization reported that the epidemic is concentrated in the northern regions of Kirkuk and Sulaimaniya and that 10 people are known to have died. But Dr. Said Hakki, president of the Iraqi Red Crescent Society, a relief organization that has responded to the epidemic, said that new cases had turned up in the neighboring provinces, Erbil and Nineveh, indicating that the disease had spread.
Most significant, Dr. Hakki said, were two cases in a village on the border between Kirkuk and Diyala Provinces, one involving a young girl. Baghdad is next to Diyala.
The top US diplomat in Iraq sat down with the Washington Post Wednesday to push the Bush administration’s case that harsher action needs to be taken against Iran because of allegations that country’s leaders are funding and training militants in Iraq.Ambassador Ryan C. Crocker, coming off two days of congressional testimony, told the Post that the administration was building support for a third United Nations resolution that would impose harsher sanctions against Iran. He accused Tehran of pursuing a “fairly aggressive strategy” on the ground in Iraq, according to the Post.
“We know what you’re doing in Iraq. It needs to stop,” Crocker told his Iranian counterpart in Baghdad, he said in the Post interview.
The world is very weary of all this and wants to laugh again
By William Blum
09/11/07 “ICH” — — Okay, Bush ain’t gonna get out of Iraq no matter what anyone says or does short of a)impeachment, b)a lobotomy, or c)one of his daughters setting herself afire in the Oval Office as a war protest. A few days ago, upon arriving in Australia, “in a chipper mood”, he was asked by the Deputy Prime Minister about his stopover in Iraq. “We’re kicking ass,” replied the idiot king. Another epigram for his tombstone.
And the Democrats ain’t gonna end the war. Ninety-nine percent of the American people protesting on the same day ain’t gonna do it either, in this democracy. (No, I’m sorry to say that I don’t think the Vietnam protesters ended the war. There were nine years of protest — 1964 to 1973 — before the US military left Vietnam. It’s a stretch to ascribe a cause and effect to that. The United States, after all, had to leave sometime.)
Only those fighting the war can end it. By laying down their arms and refusing to kill anymore, including themselves. Some American soldiers in Iraq have already refused to go on very dangerous combat missions. Iraq Veterans Against the War, last month at their annual meeting, in St. Louis, voted to launch a campaign encouraging American troops to refuse to fight. “Iraq Veterans Against the War decided to make support of war resisters a major part of what we do,” said Garrett Rappenhagen, a former U.S. Army sniper who served in Iraq from February 2004 to February 2005.