World Bank

The Last Iconoclast

“The vote in the Enchanted State seems a little too enchanted for my tastes. Basically, the election was not won by the voters in your state, but by the people who got to throw out ballots in the last presidential election.”
An interview with Greg Palast on shoplifting the Presidential election in New Mexico and those stenographers called American reporters
By Tim McGivern
Greg Palast grew up in a Los Angeles house sandwiched between a landfill and power plant. Maybe there was something in the air that made him crazy — in a good way.

Ground Zer0-Zer0-Zer0

Greg Palast reports from Center of the World, Ecuador
The equator is far more tacky than I imagined.
I’d taken time out from the state of siege in the capitol to take the twins on a quick holiday further up the Andes (or down, I don’t know which).
Anyway, the Ciudad Centro del Mundo — City at the Center of the World — had loudspeakers on poles scratching out some Inca-cum-New Age Muzak.
It cost a dollar and a half US to stand on the planet’s belly button — that’s a buck fifty in the local currency, too — Ecuador’s been “dollarized,” which is why everyone is flat broke and in a bad mood and why Quechua women in bowler hats were screaming into the cameras, “TODO FUERA! TODO FUERA !” — Everybody out! — in front of the Presidential Palace.

Wolfowitz Turns Down World Bank Post

Neoconservative Accepts Blame for Intelligence Errors
[Brussels] In an unexpected turn of events, controversial US Pentagon official Paul Wolfowitz has turned down the post of President of the World Bank. The Deputy Defense Secretary had won unanimous support of World Bank trustees in a vote Thursday despite widespread objections to the appointment in the European press.

Secret U.S. Plans For Iraq's Oil

By Greg Palast
Reporting for BBC Newsnight (London)
Why was Paul Wolfowitz pushed out of the Pentagon onto the World Bank — The answer lies in a 323-page document, secret until now, indicating that the allies of Big Oil in the Bush Administration have defeated neo-conservatives and their chief Wolfowitz. BBC Television Newsnight tells the true story of the fall of the neo-cons. An investigation conducted by BBC with Harper’s magazine will also reveal that the US State Department made detailed plans for war in Iraq — and for Iraq’s oil — within weeks of Bush’s first inauguration in 2001.

Adventure Capitalism – The Hidden 2001 Plan to Carve-up Iraq

Why were Iraqi elections delayed? Why was Jay Garner fired? Why are our troops still there? Investigative reporter Greg Palast uncovers new documents that answer these questions and more about the Bush administration’s grand designs on Iraq. Like everything else issued during this administration, the plan to overhaul the Iraqi economy has corporate lobbyist fingerprints all over it.

President Declares "Ownership Society"

Tells Convention He’s Ordered Invasion of Social Security Trust Fund
New York – Of all the bone-headed, whacky, breathtakingly threatening schemes George W. Bush is trying to sell us in his acceptance speech tonight is something he and his handlers call, “the Ownership Society.” Sounds cool, “ownership.” Everyone gets a piece of the action. Everyone’s a winner as the economy zooms. All boats rise.

It's a Brutal World, But There is Hope

GREG PALAST is a breath of fresh air in the world of journalism. He began as an investigator, working on behalf of trade unions and consumer groups in the US, highlighting the abuse of corporate power and the destruction of people’s lives and planet. His work led to the prosecution of nuclear power plant builders for racketeering, and the revelation of how the Exxon Valdez crash was allowed to happen because the shipping company cut costs by turning the radars off!

Eyes-Only Memos Show Who Done It

In Buenos Aires, the Paris of Latin America, police gunned down two dozen Argentines in December after they chose to face bullets rather than starvation. The nation’s currency had crumbled and unemployment had shot up from a grim 16 percent to millions more than the collapsing government could measure. The economy had been murdered in cold blood.
Who done it? The killers left fingerprints all over the warm corpse.

'You'll get skinned alive': When Tony met Enron

When Tony met Enron I was there to witness love at first sight. New Labour was warned about Enron and its number crunchers, Arthur Andersen, after the office of Jack Cunningham, then Tony Blair’s Shadow Trade and Industry Secretary, rang me in New York at 5am on 21 September 1995.

Guerrilla of the Year

Editor’s Pick
It was a big year for muckraker Greg Palast. He broke shocking stories about the Bush Administration’s spiking of intelligence probes into bin Laden and Jeb Bush’s role in the Florida election theft. The Nobel Prize winner in Economics and former World Bank Chief Economist told him the bank, “condemned people to death.” A gold mining company sued him for his story about their alleged connections to a homicidal regime in Africa.

The Globalizer Who Came In From the Cold Joe Stiglitz: Today's Winner of the Nobel Prize in Economics

The World Bank’s former Chief Economist’s accusations are eye-popping – including how the IMF and US Treasury fixed the Russian elections
“It has condemned people to death,” the former apparatchik told me. This was like a scene out of Le Carre. The brilliant old agent comes in from the cold, crosses to our side, and in hours of debriefing, empties his memory of horrors committed in the name of a political ideology he now realizes has gone rotten.

Who Shot Argentina?The Finger Prints On the Smoking Gun Read 'I.M.F.’

And news this week in South America is that Argentina died, or at least its economy. One in six workers were unemployed even before the beginning of this grim austral winter. Millions more have lost work as industrial production, already down 25% for the year, fell into a coma induced by interest rates which, by one measure, have jumped to over 90% on dollar-denominated borrowings.

IMF and World Bank meet in Washington

GREG PALAST:
It’s quiet now, but all police leave in the capital has been cancelled. They’re taking no chances after last week’s anti-globalisation protests in Quebec and the street wars on this spot during the same meeting last year of the IMF and World Bank. So what’s their complaint? The protesters say that what we have here is a conspiracy – the World Bank, IMF and World Trade Organisation don’t help the poor of the world, they crush them. Well, the bosses are here today, let’s ask them. Mr Wolfensohn, the protesters say you are the chief of a secretive, undemocratic world government which has made poverty worse worldwide. How do you respond?

Gregory Palast – International Investigative Reporter

Gregory Palast is almost certainly the greatest investigative journalist you’ve never heard of. An award-winning reporter in Britain, where he writes for The Guardian and The Sunday Observer, as well as hosts the BBC’s 60 Minutes-esque Newsnight, Palast abandoned his native America when the mainstream press declined to publish his groundbreaking, hard-hitting exposes, known for stripping bare abuses of power. Case in point: his recent series on how Jeb Bush and Katherine Harris conspired to illegally purge the Florida voting rolls of thousands of former felons whose voting rights had been restored by other states, the vast majority of whom were (not coincidentally) Democrats. In the few venues that have bothered to report it in the United States, it’s caused scarcely a ripple. Palast will be in Cleveland on Tuesday to debunk reigning myths about the much-touted phenomenon known as globalization.

Inside Corporate America

An internal Study Reveals The Price ‘Rescued’ Nations Pay: Dearer Essentials, Worse Poverty and Shorter Lives The Observer So call me a liar. I was standing in front of the New York Hilton Hotel when the limousine carrying International Monetary Fund director Horst Kohler zoomed…