Monday, March 12, 2007

Washington officials in bed with the UAE

It’s now making more sense why President Bush waived sanctions for trafficking of women and children to the UAE and the Department of State took them off Tier 3 TIP (Trafficking in Persons) report, downgrading their statue to Tier 2 watch list, even though the Department of States report clearly documents there has been no change made.

So while the suffering of woman and children continue to satisfy the sick bastards who make their way to the United Arab Emirates for non-consensual sex, where the hypocritical United States Government turns a blind eye to this heinous crime, high ranking people in the Bush administration take their wealth and business interests to that same place that they have turned into a safe haven for criminals like themselves.

One other reason why they are moving there is I’m sure they are trying to put their assets in a place that can’t be touched after they are out of office and being investigated for all the crimes that will be uncovered (one of them mentioned in the story below) after they are out of office and America finally wakes up to how they have been taken for a ride by the great “American” leadership of the Bush administration.

Halliburton will move HQ to Dubai

By JIM KRANE, Associated Press Writer
Sun Mar 11, 9:01 PM ET

DUBAI, United Arab Emirates - Oil services giant Halliburton Co. will soon shift its corporate headquarters from Houston to the Mideast financial powerhouse of Dubai, chief executive Dave Lesar announced Sunday.

"Halliburton is opening its corporate headquarters in Dubai while maintaining a corporate office in Houston," spokeswoman Cathy Mann said in an e-mail to The Associated Press. "The chairman, president and CEO will office from and be based in Dubai to run the company from the UAE."

Lesar, speaking at an energy conference in nearby Bahrain, said he will relocate to Dubai from Texas to oversee Halliburton's intensified focus on business in the Mideast and energy-hungry Asia, home to some of the world's most important oil and gas markets.

"As the CEO, I'm responsible for the global business of Halliburton in both hemispheres and I will continue to spend quite a bit of time in an airplane as I remain attentive to our customers, shareholders and employees around the world," Lesar said. "Yes, I will spend the majority of my time in Dubai."

Lesar's announcement appears to signal one of the highest-profile moves by a U.S. corporate leader to Dubai, an Arab boomtown where free-market capitalism has been paired with some of the world's most liberal tax, investment and residency laws.

"The eastern hemisphere is a market that is more heavily weighted toward oil exploration and production opportunities and growing our business here will bring more balance to Halliburton's overall portfolio," Lesar said.

In 2006, Halliburton — once headed by Vice President Dick Cheney — earned profits of $2.3 billion on revenues of $22.6 billion.

More than 38 percent of Halliburton's $13 billion oil field services revenue last year stemmed from sources in the eastern hemisphere, where the firm has 16,000 of its 45,000 employees.

Cheney was Halliburton's chief executive from 1995-2000 and the Bush administration has been accused of favoring the conglomerate with lucrative no-bid contracts in Iraq.

Federal investigators last month alleged Halliburton was responsible for $2.7 billion of the $10 billion in contractor waste and overcharging in Iraq.

Halliburton last month announced a 40-percent decline in fourth-quarter profit, despite heavy demand for its oil field equipment and personnel.

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