Iraq’s Insurgency Runs on Stolen Oil Profits

Wednesday, June 11th, 2008

Ghalib Ali Hamid, the intelligence and internal affairs chief at the Baiji oil refinery in Iraq, was arrested on suspicion of skimming profits and having ties to insurgents.

Ghalib Ali Hamid, the intelligence and internal affairs chief at the Baiji oil refinery in Iraq, was arrested on suspicion of skimming profits and having ties to insurgents.
BAIJI, [...]

80,000 jobs slashed in March ‘08

Tuesday, April 8th, 2008

In March ‘08 the unemployment rate rose from 4.8 to 5.1 percent. Gas prices are on pace to double since last year. Lenders aren’t lending anymore. Students at private colleges can’t get loans because the banks stopped offering and government loans don’t cover the rising cost of a college education. Car companies like Mercedes, BMW [...]