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2 posts tagged with oil by Pastabagel.
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Cui bono?

On Tuesday, the Federal Reserve cut interest rates by 0.5%. Wall Street aggressively demanded the cut to stop the sub-prime mortgage contagion from triggering a credit crisis among large US and foreign investment banks and the collapse of their over-leveraged hedge funds, which ultimately threatened to drag the US economy into recession. The market rallied this week in response to the Fed's move. But there is no free lunch. [more inside]
posted by Pastabagel on Sep 20, 2007 - 99 comments

Halliburton Moves Headquarters to Dubai, UAE.

Halliburton Moves Corporate Headquarters to Dubai, UAE. Oil services giant Halliburton, parent company of soon to be spun off KBR, and recipient of many no-bid government contracts, is moving its corporate headquarters to Dubai in the United Arab Emirates. Meanwhile, the US and the UAE are working on a free trade agreement. The UAE and China are the two largest exporters to Iran, and some speculate that the purpose of the move is to open up Iran as a legitimate market for Halliburton, because as a US firm its acknowledged trade with Iran is of questionable legality. Among the implications of this corporate move is that the US military will now be heavily dependent on a contractor that is a foreign company.
posted by Pastabagel on Mar 12, 2007 - 76 comments

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