Tag Archives: Lockheed Martin

War Profiteers’ Stocks Soar as Israel Bombs Gaza

“As countries need to replenish their weapons, we do think defense companies will do very well,” said one expert.

By Jessica Corbett. Published 10-9-2023 by Common Dreams

“War is good for business.”

That’s what one defense executive said at a London arms conference last month, and what the stock market reflected on Monday, as Israel blockaded and bombarded the Gaza Strip—bombing the occupied Palestinian territory’s main university, residential buildings, a refugee camp, and a major hospital—in response to Hamas’ weekend attack that killed hundreds of Israelis.

The United States, which already gives Israel $3.8 billion in annual military assistance, is now preparing to send additional weaponry and other support. Meanwhile, the stocks of U.S. and European firms that make money off of war soared on Monday.

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Memo Exposes Renewable Energy Trade Group’s Close Ties to Fossil Fuel Industry

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“Despite its name, American Clean Power is yet another fossil fuel lobbying group trying to trick people into believing its greenwashing,” said one campaigner. “Any political leader who claims to care about the planet’s future should shun this organization.”

By Kenny Stancil. Published 4-20-2023 by Common Dreams

American Clean Power CEO Jason Grumet and Rep. John Curtis (R-UT) at Clean Power on the Hill on April 18 2023. Photo: American Clean Power/Twitter

The American Clean Power Association has been billed as “the nation’s top renewable energy trade group,” but lurking beneath its green luster is a dirty reality.

That’s according to the Revolving Door Project, which published a memo on Thursday to expose what is calls ACP’s “close ties to the fossil fuel industry and an ‘all of the above’ energy agenda that allows for massive new fossil fuel development and environmental damage, as long as clean energy also benefits.”

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War Industry ‘Celebrating Christmas Early’ as House Passes $858 Billion NDAA

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“There is no justification to throw… $858 billion at the Pentagon when we’re told we can’t afford child tax credit expansion, universal paid leave, or other basic human necessities,” said the consumer advocacy group Public Citizen. “End of story.”

By Brett Wilkins. Published 12-8-2022 by Common Dreams

Class of 2022 cadets participate in a live-fire exercise as part of their Cadet Field Training. Photo: Matthew Moeller (US Army)/flickr/CC

Peace advocates on Thursday slammed the House of Representatives’ passage of a mammoth $858 billion military spending bill as an early holiday gift for the Pentagon and the weapons corporations who benefit from the United States’ ongoing—but largely forgotten—War on Terror.

House lawmakers voted 350-80 in favor of the 2023 National Defense Authorization Act (NDAA), with 45 Democrats and 35 Republicans voting “no.”

The new NDAA authorizes an $80 billion military spending increase over the 2022 bill, and $118 billion more than when President Joe Biden took office in 2021. The 2023 allocation is more than the combined military budgets of China, India, the United Kingdom, Russia, France, Germany, Saudi Arabia, Japan, and South Korea, according to the National Priorities Project at the Institute for Policy Studies (IPS). It’s also more than the annual gross domestic product of countries including Saudi Arabia, Sweden, Switzerland, and Turkey, based on United Nations figures. Continue reading →

Pentagon Contractors in Afghanistan Pocketed $108 Billion Over 20 Years

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Military contracting “obscures where and how taxpayer money flows,” and “makes it difficult to know how many people are employed, injured, and killed,” said the Costs of War Project report’s author.

By Jessica Corbett Published 8-9-2022 by Common Dreams

Contractors from the Bagram Air Field Retrosort Yard load a water tank onto a contracted transportation truck. (Photo: 1st Lt. Henry Chan, 18th Combat Sustainment Support Battalion Public Affairs/U.S. Army)

Pentagon contractors operating in Afghanistan over the past two decades raked in nearly $108 billion—funds that “were distributed and spent with a significant lack of transparency,” according to a report published Tuesday.

“These contracts show the shadowy ‘camo economy’ at work in Afghanistan,” said report author Heidi Peltier, director of programs for the Costs of War Project at Brown Univesity’s Watson Institute for International and Public Affairs. Continue reading →

Global Military Spending Tops $2 Trillion for First Time in History

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“If global leaders actually care about charting a more secure future, then we need a massive realignment in spending priorities,” said one prominent peace group.

By Brett Wilkins Published 4-25-2022 by Common Dreams

U.S. warplanes and the aircraft carrier USS Ronald Reagan are seen during a deployment in the Indian Ocean on June 32, 2021. (Photo: U.S. Pacific Fleet/Flickr/CC BY-NC 2.0)

Global military expenditures surpassed $2 trillion for the first time ever last year, with the United States spending more on its war-making capacity than the next nine nations combined, according to new data published Monday.

The Stockholm International Peace Research Institute (SIPRI) reported an all-time high of $2.1 trillion in worldwide military spending for 2021, a 0.7% increase from 2020 levels and the seventh straight year of increased expenditures. Continue reading →

‘Unscientific and Unlawful’: Biden EPA Will Not Regulate Rocket Fuel Chemical in Water

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“The Trump EPA gave perchlorate a pass; it was a bad decision then, and it’s a bad decision now,” said one environmental advocate.

By Julia Conley. Published 4-1-2022 by Common Dreams

Photo by Amanda Mills, USCDCP on Pixnio

Public health advocates said Thursday that they plan to resume litigation against the Environmental Protection Agency after the Biden administration announced it would uphold former President Donald Trump’s decision to not regulate drinking water levels of a chemical used to make rocket fuel and explosives.

Former President Barack Obama’s administration proposed limits for perchlorate after finding in 2011 that drinking water for 16 million people may have unsafe levels of the contaminant, which poses a risk to the development of children and fetuses. Continue reading →

Corporate Donations Poured Into Manchin’s PAC Ahead of Final ‘No’ on Build Back Better

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“This is the way things work when democracy has been weakened,” argued one progressive organization. “The powerful get special access to our government, while we’re told, ‘Sorry, we can’t help you.'”

By Jake Johnson. Published 12-22-2021 by Common Dreams

Screenshot: ABC News

New federal disclosures reveal that major corporations poured donations into West Virginia Sen. Joe Manchin’s political action committee in the weeks leading up to his pivotal announcement Sunday that he would oppose the Build Back Better Act, a stance that progressives argue is motivated by the senator’s deference to special interests.

CNBC reported late Tuesday that Federal Election Commission (FEC) filings show that donors to Manchin’s Country Roads PAC raked in 17 contributions from corporations in October and 19 in November as he pared back and repeatedly threatened to tank Democrats’ $1.75 trillion social spending and climate legislation. Continue reading →

Nuclear Weapons Ban Treaty Tied to ‘Historic Shift’ Away From ‘Perilous Profiteering’

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“Financial institutions that continue investing in companies building nuclear weapons face regulatory risks as more countries join the treaty. They also face an increased reputational risk.”

By Jessica Corbett. Published 11-11-2021 by Common Dreams

ICAN action against investments in nuclear weapons. April 2012, Melbourne. Photo: ICAN (Tim Wright)/flickr/CC

The latest Don’t Bank on the Bomb report, released Thursday, sheds light on the early impacts of a global treaty banning nuclear weapons worldwide while also exposing the companies and financial institutions responsible for continuing to build up governments’ arsenals.

The new report from the International Campaign to Abolish Nuclear Weapons (ICAN) and PAX comes as the world nears the one-year mark of the Treaty on the Prohibition of Nuclear Weapons (TPNW) entering into force after opening for signature in September 2017. Continue reading →

Google Workers Form Union to ‘Promote Solidarity, Democracy, and Social and Economic Justice’

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The tech titan “has a responsibility to its thousands of workers and billions of users to make the world a better place,” two of the union’s leaders wrote. “We can help build that world.”

By Brett Wilkins, staff writer for Common Dreams. Published 1-4-2021

The Googleplex (Google headquarters) in Mountain View, CA. Photo: The Pancake of Heaven!/CC

Decrying numerous policies and practices they say violate Google’s “don’t be evil” founding principle, more than 200 of the Silicon Valley tech giant’s workers on Monday announced they are forming a union, a move that was applauded by progressive lawmakers and labor advocates nationwide.

The Alphabet Workers Union (AWU)—named after Google’s parent corporation—says it “strives to protect Alphabet workers, our global society, and our world,” and to “promote solidarity, democracy, and social and economic justice.” It will operate as part of the Communications Workers of America and will be open to all 120,000 of the company’s employees.

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“F-35s Don’t Help Families Pay Their Bills”: GOP Under Fire for Slipping $30 Billion Pentagon Gift Into Coronavirus Plan

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“Just how twisted is the Senate GOP coronavirus bill you ask? It includes $686 million for new F-35 fighter jets.”

By Jake Johnson, staff writer for Common Dreams. Published 7-28-2020

F-25. Photo: Forsvarsdepartementet/flickr/cc

In a floor speech late Monday, Senate Majority Leader Mitch McConnell described the GOP’s newly released coronavirus stimulus package as a “carefully tailored” plan to provide financial relief to desperate Americans.

But a look at the legislative text (pdf) released by Senate Republicans shows the HEALS Act is replete with massive gifts to the Pentagon and defense contractors that would do nothing to aid the unemployed, provide nutrition assistance to hungry children, prevent an avalanche of evictions, or stop the spread of coronavirus. Continue reading →

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Tag Archives: Lockheed Martin

War Profiteers’ Stocks Soar as Israel Bombs Gaza

“As countries need to replenish their weapons, we do think defense companies will do very well,” said one expert.

Memo Exposes Renewable Energy Trade Group’s Close Ties to Fossil Fuel Industry

“Despite its name, American Clean Power is yet another fossil fuel lobbying group trying to trick people into believing its greenwashing,” said one campaigner. “Any political leader who claims to care about the planet’s future should shun this organization.”

War Industry ‘Celebrating Christmas Early’ as House Passes $858 Billion NDAA

“There is no justification to throw… $858 billion at the Pentagon when we’re told we can’t afford child tax credit expansion, universal paid leave, or other basic human necessities,” said the consumer advocacy group Public Citizen. “End of story.”

Pentagon Contractors in Afghanistan Pocketed $108 Billion Over 20 Years

Military contracting “obscures where and how taxpayer money flows,” and “makes it difficult to know how many people are employed, injured, and killed,” said the Costs of War Project report’s author.