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MASKING SAVES LIVES

Saturday, May 03, 2008

The Business of Some Big American Businesses is War

As Juan Cole says: "The business of America is business. And the business of some big businesses is war."

Portion below; whole thing here:
http://www.tmcnet.com/usubmit/2008/05/02/3423223.htm

KBR Inc. (KBR) is up almost 7% after the engineering and construction company said its Q1 net tripled last year's earnings largely on its Iraq war contracts.

The company reported net profit of $98 million, or 58 cents a share, up from $28 million, or 17 cents a share, a year ago. It attributed the gain to a favorable arbitration award and stronger "upstream business."

The company, a former subsidiary of Halliburton Co (HAL), provides services to oil and gas drillers and is one of the Pentagon's largest private contractors in Iraq. Revenue was up 24% at $2.52 billion.

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