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Why is war-torn Iraq giving $190,000 to Toys R Us?

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bigtree Donating Member (1000+ posts) Send PM | Profile | Ignore Fri Oct-15-04 07:26 PM
Original message
Why is war-torn Iraq giving $190,000 to Toys R Us?
Since Saddam was toppled in April, Iraq has paid out $1.8bn in reparations to the United Nations Compensation Commission (UNCC), the Geneva-based quasi tribunal that assesses claims and disburses awards. Of those payments, $37m have gone to Britain and $32.8m have gone to the United States. That's right: in the past 18 months, Iraq's occupiers have collected $69.8m in reparation payments from the desperate people they have been occupying. But it gets worse: the vast majority of those payments, 78%, have gone to multinational corporations, according to statistics on the UNCC website.

Away from media scrutiny, this has been going on for years. Of course there are many legitimate claims for losses that have come before the UNCC: payments have gone to Kuwaitis who have lost loved ones, limbs, and property to Saddam's forces. But much larger awards have gone to corporations: of the total amount the UNCC has awarded in Gulf war reparations, $21.5bn has gone to the oil industry alone. Jean-Claude Aimé, the UN diplomat who headed the UNCC until December 2000, publicly questioned the practice. "This is the first time as far as I know that the UN is engaged in retrieving lost corporate assets and profits," he told the Wall Street Journal in 1997, and then mused: "I often wonder at the correctness of that."

But the UNCC's corporate handouts only accelerated. Here is a small sample of who has been getting "reparation" awards from Iraq: Halliburton ($18m), Bechtel ($7m), Mobil ($2.3m), Shell ($1.6m), Nestlé ($2.6m), Pepsi ($3.8m), Philip Morris ($1.3m), Sheraton ($11m), Kentucky Fried Chicken ($321,000) and Toys R Us ($189,449). In the vast majority of cases, these corporations did not claim that Saddam's forces damaged their property in Kuwait - only that they "lost profits" or, in the case of American Express, experienced a "decline in business" because of the invasion and occupation of Kuwait. One of the biggest winners has been Texaco, which was awarded $505m in 1999. According to a UNCC spokesperson, only 12% of that reparation award has been paid, which means hundreds of millions more will have to come out of the coffers of post-Saddam Iraq.

The fact that Iraqis have been paying reparations to their occupiers is all the more shocking in the context of how little these countries have actually spent on aid in Iraq. Despite the $18.4bn of US tax dollars allocated for Iraq's reconstruction, the Washington Post estimates that only $29m has been spent on water, sanitation, health, roads, bridges, and public safety combined. And in July (the latest figure available), the Department of Defence estimated that only $4m had been spent compensating Iraqis who had been injured, or who lost family members or property as a direct result of the occupation - a fraction of what the US has collected from Iraq in reparations since its occupation began.

Full Story:
http://www.guardian.co.uk/Iraq/Story/0,2763,1328887,00.html
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DuctapeFatwa Donating Member (1000+ posts) Send PM | Profile | Ignore Fri Oct-15-04 07:29 PM
Response to Original message
1. www.theyrule.net explains all that
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NV Whino Donating Member (1000+ posts) Send PM | Profile | Ignore Fri Oct-15-04 07:31 PM
Response to Reply #1
3. Thanks for posting
This kind stuff just infuriates me. Maybe I should exercise my rights and go get an AK47.
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NV Whino Donating Member (1000+ posts) Send PM | Profile | Ignore Fri Oct-15-04 07:30 PM
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2. n/t
:grr:
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Eloriel Donating Member (1000+ posts) Send PM | Profile | Ignore Fri Oct-15-04 07:42 PM
Response to Original message
4. OMG. Our rapacious, imperialist naked greed has never been so
blatant, has it?

I'm just sick. :puke:
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CHIMO Donating Member (1000+ posts) Send PM | Profile | Ignore Fri Oct-15-04 07:52 PM
Response to Original message
5. The Rest Of The Story
Well now it appears obvious why they would want to blow up their own pipelines.
Keep it in the ground until they own it and it can then be used for their purposes.
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BeFree Donating Member (1000+ posts) Send PM | Profile | Ignore Fri Oct-15-04 08:15 PM
Response to Original message
6. This ought to surprise me...
Why am I not surprised?

Those poor, poor Iraqis. Will they ever know what hit 'em?

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nebula Donating Member (1000+ posts) Send PM | Profile | Ignore Fri Oct-15-04 08:24 PM
Response to Original message
7. All that money to the corporations
while the Iraqis live in squalor and injured US troops are asked to pay back their enlistment bonuses, denied benefits, etc.


http://www.democraticunderground.com/discuss/duboard.php?az=view_all&address=104x2491844
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