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Departments International Issues Conyers challenges Bush for G8 action on vultures, Palast reports from London on BBC Newsnight We're not talking about the feathered birds of prey, but predators with allies in the White House and Swiss bank vaults full of untraceable currency. These speculators buy up the debt of the poorest nations on the planet for pennies on the dollar -- then use legal extortion or less-than-legal bribery to extract payments from these nations - payments equal to five, ten or twenty times what the vultures "invested." Conyers has personally informed George Bush that he expects the President to join the other G8 leaders to put the vultures out of business. "I'm counting on the President to do the right thing," Conyers told BBC reporter Greg Palast. But if the President doesn't, Bush can expect another set of investigations and hearings on the Administration's inaction and ties to vultures. Tonight Palast's BBC investigative team follows up on previous quarry: Michael Francis Sheehan, a.k.a. "Goldfinger." Goldfinger has already won $20 million from Zambia for a debt he "bought" for less than $4 million. How did he do that? We discovered that the deal was greased by payments to the former President of Zambia's "favourite charity". Could the Zambian President's "favourite charity" be himself? BBC travels to the Boutique Basile in Geneva, Switzerland, where Zambia's charity-minded ex-president, Frederick Chiluba, bought one million dollars in finery, including 206 suits, 349 shirts, each monogrammed with his initials –- and each shirt costing as much as the average Zambian earns in a year. The diminutive despot also bought 72 pairs of shoes -- all with extra-high heels. Still, the vulture "Goldfinger" is closing in on Zambia, demanding another $35 million -- while US law enforcement closes in on him -- and Conyers closes in on President Bush. Who will win this high-stakes derby? Watch the program tonight on BBC Newsnight, available worldwide at http://news.bbc.co.uk/2/hi/programmes/newsnight/default.stm and later at www.GregPalast.com --- Greg Palast is the author of the New York Times bestseller, ARMED MADHOUSE: From Baghdad to New Orleans -- Sordid Secrets and Strange Tales of a White House Gone Wild. |
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Recent International Issues Articles Thai voters defy coup leaders Bush Administration trains members of Indonesian terrorist groups Thailand divides on election Italians block construction of U.S. Base What is after Annapolis Fear of Chavez is fear of democracy Same old, same old – Israel wins again Thailand's anxious election Nukes' seventh decade The devalued currency of truth The assassination of Hugo Chavez China's hedge strategy Banned from Canada for war protest Torture claim is filed against Rumsfeld in France U.S. will tip its hand before attacking Iran Canada refuses entry to CODEPINK cofounder Medea Benjamin and retired Colonel Ann Wright Tiananmen Square, Burmese style Forgetting Gandhi on International Non-violence day Airplane hijacker's flight for Burma's freedom Burma's bloggers World War III “Free trade” policy craze is crazy, like healthcare Profit of doom: of vampires, parasites, and the demise of capitalism Former enemies find new way forward Thailand constitution People's peace delegation to Iran reports back British Ambassador Civil society lost in media sound bites Homeland conspiracy Gender savagery in Guatemala Khmer Rouge trial The Palestinian left: a lost opportunity for relevance Northern Light: Tony Sutton of ColdType interviewed by Jason Miller Sudan’s reported acceptance of peacekeepers for Darfur must be followed by immediate deployment U.S. terror Laos Conyers challenges Bush for G8 action on vultures, Palast reports from London on BBC Newsnight Executioner Recent attacks in Darfur demonstrate why UN protection force must be deployed Bombing mystery Jesus Wouldn't Bomb Anyone: Why are we waging war on the poor and oppressed? Coup six months Bangkok bombs Four years ago today Iran in Congress's sights How the world can stop Bush A pox upon Mr. Armstrong’s wonderful world: of illusory democracies, rogue states, and accelerating humanity’s demise Sorry about that The Mecca agreement: what should we expect? The great eight Overblown threat and Islamophobia Military explosions shake sections of Vieques A new manifest destiny The making of another Iraq Bush's four anti-terror successes all fictional Global food supply near the breaking point Oil and foreign policy after Bush If Beal Street Could Talk – Part 1 International delegation travels to Guantanamo, Cuba to protest infamous US prison Read International Issues Articles by Year: |
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