Kuwait

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Sick Soldiers Sent to War Zones
Sick Soldiers Sent to War Zones
Jan 18, 2008 3:27 AM CST

Sick Soldiers Sent to War Zones

Deployed with injuries to meet goals

(Newser) - Soldiers who are unfit because of injuries or illness are being sent to Iraq to meet deployment goals. Physicians reveal that 52 soldiers from Colorado's Fort Carson were deployed despite suffering from nerve damage, mental health problems and other ailments, the Denver Post reports. "Because of issues reaching deployable...

Bush Abandoned Mideast Democracy Push: Activists

He's just after political stability now, they charge

(Newser) - President Bush wound up a Middle East tour yesterday leaving many pro-democracy activists in the region bitter and disappointed, reports the Washington Post. The president and Secretary of State Condoleezza Rice pressured authoritarian Arab governments for political reforms in 2005, but now activists worry that the White House is favoring...

For Hurting US Companies, World Supplies Band-Aid

In economic sea change, 'we need the money,' one US Rep. says

(Newser) - The subprime collapse has US financial institutions in uncharted waters—asking for help from foreign investors and governments, the Wall Street Journal reports. Citigroup, Merrill Lynch, and Morgan Stanley all have recently sought bailouts, a dramatic switch from a tradition that saw US banks coming to the “rescue of...

Bush Seeks to Drum Up Arab Support
Bush Seeks
to Drum Up Arab Support
Jan 11, 2008 10:22 AM CST

Bush Seeks to Drum Up Arab Support

President wraps up first Israeli visit and moves on to Kuwait

(Newser) - President Bush flew to Kuwait today, the first of five Arab nations he will visit to drum up support for an Israeli/Palestinian peace deal and to find ways to contain Iran. But don’t expect a “blinding flash” of support, given Israel’s pariah status, Condoleezza Rice warned. Bush...

Dow Chemical Sells 50% of Plastics Biz to Kuwait for $9.5B

Deal gets firm access to cheap raw materials

(Newser) - Kuwait’s national oil company agreed to buy a 50% stake in Dow Chemical’s plastics divisions for $9.5 billion, marking the biggest overseas investment by a Kuwaiti firm, Bloomberg reports. CEO Andrew Liveris said Dow would benefit from cheap access to raw materials and liquid assets received from...

Gulf States May Dump the Dollar
Gulf States May Dump the Dollar
Nov 20, 2007 2:31 PM CST

Gulf States May Dump the Dollar

Sinking greenback fuels inflation in booming Gulf economies

(Newser) - The flagging greenback is forcing oil-rich Gulf states to consider uncoupling their currencies from the US dollar to fight runaway inflation at home and the devaluation of their own currencies, the Wall Street Journal reports. Leaders are considering everything from an outright break to revaluing their own currencies to pegging...

Greenback Assaulted at OPEC meeting
Greenback Assaulted at
OPEC meeting
Nov 18, 2007 9:52 PM CST

Greenback Assaulted at OPEC meeting

Dollar a 'worthless piece of paper,' Iran's president says

(Newser) - Calling it a "small and worthless piece of paper,” Iran’s president today urged OPEC's members to drop the depreciating US dollar as its official currency. Mahmoud Ahmadinejad blamed President Bush for the dollar’s decline and its adverse effects. The comments highlight mounting tension among OPEC members,...

Panel Rips Army Fraud 'Crisis'
Panel Rips Army Fraud 'Crisis'
Nov 1, 2007 4:51 AM CDT

Panel Rips Army Fraud 'Crisis'

Raps military on wasted contract billions

(Newser) - The Army is under fire for failing to train enough officers to supervise billions of dollars in contracts and allowing waste and fraud to flourish, reports the New York Times.  The problems have "created a crisis," according to an independent six-member panel appointed by Army Secretary Pete...

Pentagon Investigates $6B in Contracts

Soldiers, civilians charged with taking bribes in Iraq

(Newser) - The Pentagon is investigating widespread graft involving US war-zone contracts, with 29 soldiers and civilians charged so far, the New York Times reports. Most of the scrutiny focuses on a contracting office in Kuwait, where an Army major is charged with taking $10 million in bribes from companies seeking contracts...

US Firm Paid Bribes for Iraq Contracts: Army

21 others barred from government work in ongoing scandal probe

(Newser) - An American company paid hundreds of thousands of dollars in bribes to secure some $12 million in contracts in Iraq and Kuwait, despite poor performance on earlier work, according to court documents obtained by the New York Times. Lee Dynamics International was suspended from seeking government work after an Army...

Criminal Probes Launched Into Iraqi Arms Deals

One of scores of investigations focus on aide to Gen. Petraeus

(Newser) - Scores of investigations are under way into fraud, bribery and other criminal activity relating to billions of dollars worth of arms and other war materiel supplied to forces in Iraq, Afghanistan and Kuwait, the New York Times reports. The focus of the investigations range from the misappropriation of a few...

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