Monday, January 16, 2006

Racketeers

It's the mother of all protection rackets:


Donald Rumsfeld, the US defence secretary, sat on the board of a company which three years ago sold two light water nuclear reactors to North Korea - a country he now regards as part of the "axis of evil" and which has been targeted for regime change by Washington because of its efforts to build nuclear weapons.

Mr Rumsfeld was a non-executive director of ABB, a European engineering giant based in Zurich, when it won a $200m (£125m) contract to provide the design and key components for the reactors. The current defence secretary sat on the board from 1990 to 2001, earning $190,000 a year. He left to join the Bush administration.


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Less than three months after registering as a lobbyist, former Attorney General John Ashcroft has banked at least $269,000 from just four clients and appears to be developing a practice centered on firms that want to capitalize on a government demand for homeland security technology that boomed under sometimes controversial policies he promoted while in office.

Three clients of Ashcroft’s lobbying firm want his help in selling data or software with homeland security applications, according to government filings.
A fourth, Israel Aircraft Industries International, is competing with Chicago’s Boeing Co. to sell the government of South Korea a billion-dollar airborne early warning system.

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