proof that Iraq is worth billions to General Electric (NBC's owner)

[Nordic]

<<This approach is also working in other developing markets. Revenues in Eastern Europe, Russia and Iraq should grow from $1.2 billion in 2003 to $5 billion in 2005. We recently signed a $700 million agreement to modernize the rail system in Russia and have an additional $2 billion of power project opportunities. Our Consumer and Commercial Finance profits in Eastern Europe are growing 30% annually. And more than half of Iraq’s power grid is GE technology. GE has the capabilities that Iraq will need as it rebuilds. We received $450 million of orders in Iraq in 2003, and we could receive $3 billion over the next few years.>>

Also, this interesting tidbit I didn't know about:

<<In 2002 we acquired Telemundo, a distant No. 2 in a fast-growing entertainment segment. We believed in the Hispanic demographic and felt the market would give us time to fix Telemundo’s business model. In 2002–03, we applied NBC’s management and programming expertise, and Telemundo went from purchasing 80% to producing two-thirds of its content.>>

I had no idea they owned Telemundo.

We are so fucked.

http://www.ge.com/ar2003/chairman/letter_4.jsp

[homerthompson]

1. yeah. eventually, the world will be owned by one company.

hopefully it will be mine, but super conglomerates like GE have a huge start on me.

[redstateblues]

2. You Don't Really Think They Would Use Their Media Outlet to

further their global domination by helping the US to occupy a series of countries that we could bomb to smithereens and then help rebuild using taxpayer $. You're So paranoid

[Eloriel]

3. Carlyle is the one that worries me. n/t

[Nordic]

4. oh. most definitely. But I guess what I find so surprising

is the fact that it took me literally about five seconds to google and find that information. I'm not even that good of a googler.

It's right out there in the open for all to see, but nobody talks about it.

The other media outlets are necklacing CBS and Dan Rather right now, but nobody mentions the fact that GE is making BILLIONS (of our taxpayer money) off the Iraqi war.

I just had to see how easy it was to find it.

[supercrash]

10. Well....

Until GE gets busted stealing Taxpayer money like Halliburton...there will be no story

In fact...

The Halliburton contracts should be handed to GE

Anyway, isn't GE the most widely held stock on the planet ? ...Compare that to Halliburton.

Most people don't want to see GE stock plummet

[Nordic]

12. the point is that there's a MAJOR conflict of interest

and free speech aside, our journalism outlets should be subject to conflict-of-interest rules of some kind.

Capitalism should be a refereed sport, not a brawl.

[Carla in Ca]

5. what liberal media?

GENERAL ELECTRIC --(donated 1.1 million to GW Bush for his 2000 election campaign)

Television Holdings:
* NBC: includes 13 stations, 28% of US households.
* NBC Network News: The Today Show, Nightly News with Tom Brokaw, Meet the Press, Dateline NBC, NBC News at Sunrise.
* CNBC business television; MSNBC 24-hour cable and Internet news service (co-owned by NBC and Microsoft); Court TV (co-owned with Time Warner), Bravo (50%), A&E (25%), History Channel (25%).
The "MS" in MSNBC
means microsoft
The same Microsoft that donated 2.4 million to get GW bush elected.

Other Holdings:
* GE Consumer Electronics.
* GE Power Systems: produces turbines for nuclear reactors and power plants.
* GE Plastics: produces military hardware and nuclear power equipment.
* GE Transportation Systems: runs diesel and electric trains.

[Nordic]

11. Yes, and they own Telemundo

nt

[DeepModem Mom]

6. kick

[Tsiyu]

7. kick

oh, what a tangled web we weave....

[Divo]

8. GE

GE is also making lot's of money as a defense manufacturer and
always has. All the media is controlled by huge corporations.
They do control what gets reported and how long they continue
to report on something. We can only win by voting and getting
as many to vote as possible.

[Disturbed]

9. Thanks for posting this.

Amerika is becoming a Neo Fascist nation moving from an Oligarchy to a Neo Fascist Police State.

[newyawker99]

14. Hi Divo!!

Welcome to DU!! :toast:

[smirkymonkey]

13. As always, when you follow the money, you find out

who the culprits are. There will never be any major change in this country, or the world, until we take it back from Big Corporate.

They will always act from a place of greed, that is their nature. When greed triumphs, people suffer. I am not for abolishing the corporation, but they need to regualated to keep the damage to a minimum.

Getting rid of greedy politicians would help. The fact that most politicians can be bought means that corporate greed is running this country, and running it into the ground while they fatten their private coffers.

[Nordic]

15. bottom line: corporations need to stay out of journalism

it is an explicit conflict of interest that harms the american people.

It's things like this that government is FOR.

We've been sold down the river by our own government.

It's time to take our government back and make them work for us.

We start by exposing the conflict of interest in the corporate media

[drdigi420]

16. But greed is good according to "liberal hollywood"

/end sarcasm