Study of the Hegemony of Parasitism - michaeljgoodnight.com

"Shultz is the fourth member of Bechtel Group serving in Reagan's cabinet.
Treasury Secretary Donald T. Regan was chairman of Merrill Lynch, whose
White Weld unit is investment advisor to the Saudi Arabian Monetary
Authority. Atty. Gen. William French Smith's California law firm, Gibson,
Dunn & Crutcher, has branch offices in Washington and Riyadh (capital of
Saudi Arabia) and represents the Saudi Ministry of Finance and National
Economy."
On Dec. 5, 1980, the New York Times noted in a
headline story, Business Section:
"Mr. Bechtel, a reclusive 55 year old engineer, informed his subordinates that
'we encourage and applaud the active participation of our employees in the
democratic process'. Bechtel, a privately held concern at work on 130
projects in 21 countries, all of them budgeted at more than $25 million, has
for decades struggled to keep a low profile and the affairs of its management
private... Also working for Bechtel as consultant are Richard Helms, the
former Director of Central Intelligence, and former Ambassador to Iran, and
Frank Jungers, former Chmn of Arabian American Oil Co.
On the basis of its $6.9 billion revenues last year, the company ranked as the
third largest engineering and construction concern in the U.S., after Brown &
Root Inc. and the Fluor Corp. Bechtel's contracts are largely in huge
industrial and energy-related projects that Larry Thomas, a Bechtel
spokesman, refers to as 'mega-Projects'. At present, the company is under a
25 year contract for construction of a city for more than 3,000 people and an
industrial complex at Jubail, Saudi Arabia, and to engineer a hydroelectric
project at James Bay in Canada that would include a network of dams and
earth-filled dikes large enough to substitute for 10 conventional power plants.
Bechtel is also the country's leading builder of nuclear power plants."
Many Bechtel projects have been characterized as huge
boondoggles. Many nuclear power projects have either
failed to come "online" or have been abandoned, causing
billion dollar writeoffs and shaky financial markets.
Bechtel has built such problem-plagued ventures as
BART (Bay Area Rapid Transit System) in San
Francisco; METRO, the Washington D.C. subway