By Sarah Anderson | – (Otherwords.org) – Surging stock prices for military contractors gave several CEOs an early payday after Trump’s Iran aggression. The prospect of war with Iran is terrifying. Experts predict as many as a million people could die if the current tensions lead to a full-blown war. Millions more would become refugees […]
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Arms Sales
The Real Winners of Iran Conflict: Threat of War Inflates Stock Holdings of Military Contractor CEOs
By Sarah Anderson | – (Inequality.org) – As long as the top executives of our privatized war economy can reap unlimited rewards, the profit motive for war in Iran — or anywhere — will persist. CEOs of major U.S. military contractors stand to reap huge windfalls from the escalation of conflict with Iran. This was […]
America’s Arms Sales Addiction: The 50-Year History of U.S. Dominance of the Middle Eastern Arms Trade
(Tomdispatch.com) – It’s no secret that Donald Trump is one of the most aggressive arms salesmen in history. How do we know? Because he tells us so at every conceivable opportunity. It started with his much exaggerated “$110 billion arms deal” with Saudi Arabia, announced on his first foreign trip as president. It continued with […]
Forget Nukes: Now for the Hypersonic Weapons Race
( Tomdispatch.com) – Hypersonic weapons close in on their targets at a minimum speed of Mach 5, five times the speed of sound or 3,836.4 miles an hour. They are among the latest entrants in an arms competition that has embroiled the United States for generations, first with the Soviet Union, today with China and […]
Despite Brutal Yemen War, will Saudis stock up at London’s Arms Fair?
Conduct in Yemen War Means UK Government Should Not Resume Arms Sales
The US is Flooding the World with Guns: Congress Can Stop That
By John Lindsay-Poland | – ( Foreign Policy in Focus) – When gun exporters and importers gather at a trade conference at the Trump Hotel in Washington later this month, they will confront mixed trends in their industry. Gun manufacturing in the United States fell sharply in the first year of the Trump presidency, by […]
“Why Should we believe anything You Say?” How Ilhan Omar Nailed Elliot Abrams for Iran-Contra Lies
Ann Arbor (Informed Comment) – Ilhan Omar (D-MN) grilled Elliot Abrams yesterday, holding his feet to the fire about his having lied to Congress (to two counts of which which he pleaded guilty) and about his support for far right wing forces in Central America responsible for massacres (forces Abrams characterizes as “democratic,” confusing oppressive […]
How Trump is Turning US Diplomats into Arms Merchants to the World
New York ( Tomdispatch.com) – American weapons makers have dominated the global arms trade for decades. In any given year, they’ve accounted for somewhere between one-third and more than one-half the value of all international weapons sales. It’s hard to imagine things getting much worse — or better, if you happen to be an arms […]
Saudi Arabia world’s 3rd highest military spender but 41st in World Population
Saudi military spending reached $69.4 billion in 2017
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