Showing posts with label Halliburton. Show all posts
Showing posts with label Halliburton. Show all posts

Saturday, July 22, 2017

Dick Cheney Poisoned Hundreds of US Troops—They’re Dying & Were Just Told They Can’t Sue

kbr


The families of suffering and dying Iraqi veterans, who breathed in toxic fumes because of the negligence of military contractors, received some horrible news this week. A federal judge in Maryland just dismissed a massive collection of cases brought against the contractor who claimed that the open burn pits in Iraq left them sick and dying from serious illnesses.


The legacy of death and misery from the invasions of Iraq and Afghanistan continues today, and, once again, Dick Cheney plays a central role. The company at the center of the myriad of lawsuits is the infamous government contractor, Kellog, Brown, and Root (KBR).


KBR, which was a part of Dick Cheney’s corporate empire under Halliburton at the time, operated about 250 burn pits which contributed to the $40 billion that Halliburton made during the Iraq occupation. “Every type of waste imaginable” was burned, including “tires, lithium batteries, asbestos insulation, pesticide containers, Styrofoam, metals, paints, plastic, medical waste and even human corpses.”


The families have been seeking compensation for the deaths and suffering of their loved ones since 2009 and this week a federal judge crushed their hopes.


As Courthouse News reports:


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The complaints all made the same basic claims – that KBR ran massive burn pits at operating bases in Afghanistan and Iraq into which its employees dumped tires, trucks and even medical waste.


The resulting towers of smoke left the soldiers on the bases with chronic respiratory and gastrointestinal illnesses, as did the contractor’s alleged failure to provide clean water to troops on the ground, according to a class-action complaint filed in the Circuit Court for Montgomery County, Maryland by Alan Metzgar and Paul Parker in 2009.


The massive litigation survived KBR’s initial motion to dismiss and U.S. District Judge Roger Titus even granted limited discovery in the case in 2010 before he eventually granted another one of KBR’s motions to dismiss the case in 2013.



Last Friday, KBR asked the federal court to toss out the multidistrict litigations, noting that the court does not have jurisdiction over military battlefield decisions. And, this week, the company finally got what they wanted as the judge listened to them and tossed it out.



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KBR’s defense consists of passing the buck by saying it only operated those burn pits to dispose of trash under the direct control of the U.S. military, which it argues made a battlefield decision to order the use of the pits.


However, the plaintiffs in the case argued that KBR’s agreements with the government gave it the freedom to consider how to carry out their required tasks. But, sadly, the judge wanted nothing of it, in spite of acknowledging there is “some evidence” that KBR had a certain amount of control over the burn pits.


To be clear here, the burn pits are both the fault of KBR and the US government and both should be held liable for the damage they caused. However, it appears, that this will not happen.



Also, it is important to note that because he held the position as the Vice President of the United States as well as his ownership in KBR’s parent company Halliburton, Dick Cheney was representing both the US government and the private company.


According to CNS, Baltimore attorney Susan Burke, who represents the plaintiffs in the case, said in an email to Courthouse News that her clients will be appealing the decision.


As Justin Gardner wrote last year for TFTP, just as the U.S. laid waste to Vietnam’s human health and jungle environment with Agent Orange, it wrecked human health and environmental quality in Iraq. That country will suffer from this toxicity for decades, as evidenced by sharp increases in birth defects and cancer and leukemia rates.




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Likewise, U.S. veterans and their families are bearing the brunt of this travesty.


A book by Joseph Hickman, a former U.S. Marine and Army sergeant, titled “The Burn Pits: The Poisoning of America’s Soldiers” details the story of a healthy young soldier sent to Iraq who was constantly exposed to smoke from burn pits. When he returned home with respiratory problems, the Veterans Administration (VA) denied him care, and he later developed brain cancer and died.


Those who do survive are having children with birth defects at a rate three times higher than normal, according to the book. The denial of medical coverage by the VA for burn pit-related illnesses is a central strategy in denying that burn pits even posed a health hazard.


Beau Biden, the son of vice president Joe Biden, died of brain cancer after serving in Iraq in the vicinity of burn pits. Even this tragedy, which is similar to many stories of exposure and death, never brought attention to the issue of burn pits.


Salon interviewed author Joseph Hickman at the time, who provided even more shocking details, and how the Department of Defense (DoD) does all it can to keep this knowledge from the public.



“I think the Department of Defense does its best to squash this story and so does Veterans Affairs. They really don’t want this out at all.”



Hickman interviewed one former KBR employee who was very reluctant to even talk about burn pits for fear of repercussions, as he was harassed by KBR when he previously came forward about the issue. By using private contractors for such operations, the DoD facilitates these egregious assaults on human and environmental health because contractors are not held to the standards of the military.



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This dependency on contractors feeds their tendency for carelessness. According to Hickman, the upper management of KBR said at one point, “If they’re going to investigate us over these burn pits, don’t worry about it. If we pull out, they can’t run this base.”



That was then, this is now and apparently, the same rules still apply.

Monday, February 27, 2017

Trump And Russia: Just Pointing Out The Obvious

By Chris at www.CapitalistExploits.at


Chairman Trump may well be a child in a man"s body - erratic, lacking in finesse, as articulate as a gangsta rapper, contradictory, and missing the cognitive functions allowing one to think before acting. But.. But... he does seem smart enough to have thought a little about Russia. Thought alone is a welcome surprise from Washington.


The establishment for their part are fuming!


First their rice bowls are at risk, and to top it off they"re now publicly mocked. To egomaniacs this is worse than acne to a prom queen. As I mentioned a couple weeks back the mockery has come thick and fast:





CNBC’s John Hardwood decided to conduct a Twitter poll to see who the American people trusted when it came to the DNC hacks. Did they believe Wikileaks, who deny Russian involvement, or do they believe the intelligence community who has blamed Russia despite ZERO hard evidence being shown to the public?



The results were shocking and it stunned the media elite!






The absurdity over Russia has turned into a social meme. Few buy the narrative and those that do increasingly find mainstream thinking to be questioned.





Instead of allowing ourselves to be caught in the back and forth about Russia let"s try understand who"s saying what and why. The implications for capital flows could be worthwhile.


Why Washington and the Establishment Need a Russian Enemy


Without a Russian threat the need for NATO is... well, jeez Louise, there isn"t one. Hmmm.


After all, NATO doesn"t need Eurofighters to deal with angry Algerian teenagers. They were built to do combat with Ivan. What if Ivan isn"t the threat they need him to be?


Europe (and NATO) actually need weapons designed for a knife fight in a cubicle. Nuclear submarines seem like overkill for jihadists donning exploding underwear and yelling "Allahu Akbar" in a Paris subway. You sure as hell can"t fight him with a Mig-29. The problem is, none of this works for the lobbying military contractors sucking at the teat of Washington.





"Scrap the 20 F-22 Raptor jets boys. We"ve got an order for... Oh, jeez... An order for... 45,000 stab vests??... No, that can"t be right."



Without NATO Lockheed Martin may not build as many ugly and ludicrously expensive planes. Without a Russian enemy Halliburton don"t provide "services". Rice bowls are at risk. It"s about the money. It"s always about the money.


Remember weapons of mass destruction disappearance in Iraq?


9/11 was used as a wonderful tool to stir the rubes into a bid to secure more oil. What Iraq had to do with a bunch of angry Saudis with box cutters they never told us.


Afghanistan... What was that about again? Why the never ending bloodshed and mayhem? Filling rice bowls.


Let me remind you that KBR, Inc. (NYSE:KBR), which was spun off from its parent - oilfield services provider Halliburton Co. (NYSE:HAL), was the no. 1 recipient of tax payer funding during the Iraq war. A cool $39.5 billion, according to this source. Remember this guy?



The appropriately named "Dick" Cheney. Rice bowls at risk, folks. Trump"s tipping the bowls over. He"d better watch his back.


He"s threatened to pull out of NATO, pull out of South Korea, even Okinawa, and instead he wants to build a wall on the Mexican border. Pray tell how the establishment are going to make billions from that?


This must be truly terrifying for them. How the hell do you frighten the rubes without a big bad foe? How do you keep the defence contracts in place and ensure the spigot is kept open on full throttle? Those homes in the Hamptons don"t clean themselves, you know?


Then Trump goes and nominates Rex Tillerson (ex-Exxon Mobil CEO) as secretary of state. Rex has close ties with Putin (as he negotiated a deal with Russia to help develop Russian oil reserves) and doesn"t seem at all angry with Russia.


Is Russia a threat to the United States?


Pleeez. It"s a nuclear power so in that respect it"s a threat to everyone but then so is the fat kid in Korea and he"s a lot less mentally stable than Putin is. Russia is currently an economically depressed country that hasn"t threatened the United States and won"t. Russia isn"t going to invade Europe as the establishment would have the rubes believe.  Why would they, when all they have to do is bide their time a few years and then find a decent real estate agent to go buy it.


Is Russia hacking the US?


No more than every other countries spy agencies are constantly hacking each other. Snakes bite, dogs bark, and governments spy on and hack each other.


What now?


Well, unless the clowns manage to spark some conflict Russia stands to benefit from many angles.


  • Better relations with the US, including perhaps an easing of or total lifting of sanctions

  • Europe currently imposing sanctions will continue to fragment with member nations deciding their own fate and likely renegotiating trade deals and sanctions

They have already taken a big hit to their currency, allowing it to bear the brunt of the pain when oil collapsed. Something the Saudis never did.


What"s it got going for it?


  • A freely convertible currency

  • One of the cheapest markets in the world at a P/E of 9.1, P/B of 1 and a CAPE of 5.9

  • Commodity driven economy which can be good and bad (more on this in a moment)

It doesn"t come without risks.


The markets is heavily tilted towards cheap state owned banks and energy companies so if you"re just buying an index or ETF tracking the index, you"re often making a bet on energy prices and the promises of the Russian government.


All that being said, I can certainly see capital shifting in a momentum driven trade into things "Russian".


Below is a list of Russia"s to 10 exports:


  1.  

    1. Gems, precious metals: US$7.4 billion (2.2% of total exports)


    2. Machines, engines, pumps: $8.1 billion (2.4%)


    3. Cereals: $5.5 billion (1.7%)


    4. Aluminum: $6.9 billion (2.1%)


    5. Wood: $6.2 billion (1.8%)


    6. Fertilizers: $8.6 billion (2.6%)


    7. Copper: $4.2 billion (1.2%)


    8. Iron and steel: $14.9 billion (4.5%)


    9. Oil: $168.7 billion (50.6%)


    10. Inorganic chemicals: $3.7 billion (1.1%)



The stand out for me? Grains, or more specifically wheat.


Consider a return to an inflationary environment and then take a look at wheat.


wheat chart


If the world turns insular (as I suspect), then protectionism, interventionism, stupidism, and an increase in nationalism (see my post from earlier this week on what"s likely in store for France) will have the effect of making entire industries less productive. Furthermore, what is more politically sensitive than energy and food?


Governments always impose export controls, making a bad situation worse.


Could something like La Niña combine with interventionism to send wheat prices from the lowest levels in over 30 years back over $1,000 a bushel?


Another thing to think about:


Guess who buys wheat from both the US and Russia?


China.


Guess who Trump is promising crippling tariffs against?


China.


Guess who China wants to buy their wheat from now?


Those pesky Ruskies.


Have a great week!


- Chris


"I took a speed-reading course and read War and Peace in twenty minutes. It involves Russia." — Woody Allen



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