Judicial Watch Takes a Close Look at Starwood/Cuba Deal

Generally speaking, companies exist to make a profit. The more, the better. If you are delivering a good product or service, the market rewards you with, well, money. Profits are used to support or grow the business, pay employees and vendors, fund pensions, and otherwise stimulate other forms of economic activities that help improve the economy. …

VoA: US Officials Say Iran is Feeling Pinch of Economic Sanctions

Under Secretary for Terrorism and Financial Intelligence Stuart Levey testified yesterday before a Congressional committee on the implementation of economic sanctions on the Iranian regime.   He said quite a bit during the hearing, but what was most of note were his comments on the recently enacted law, the Comprehensive Iran Sanctions, Accountability and Divestment Act …

Iranian Regime Financing Projects in the Americas, Investors Need to Choose

For several years the Iranian regime has been expanding its diplomatic and economic presence in the Western Hemisphere.  It has done so with a great deal of assistance from Cuba – a State Department-designated state sponsor of terrorism – as well as Venezuela, Bolivia, Ecuador, Nicaragua, among others.  Even some of our better allies in the …

Around Town …

The Bureau of Industry and Security reports that “five foreign subsidiaries of Thermon Manufacturing Company, a San Marcos, Texas-based firm, have agreed to pay a total of $176,000 in combined civil penalties to settle allegations that they participated in unlicensed exports and reexports of heat tracing equipment to Iran, Syria, Libya and listed entities in …

In the News …

A former leader of the terrorist group Tamil Tigers claims the group was making efforts to acquire nuclear weapons technology from the West. On the heals of likely Congressional approval of a $7.5 billion foreign assistance package to Pakistan, Islamabad officials “categorically rejected” accusations by unnamed U.S. officials published in the New York Times that …

Norwegian Insurance Company Divests Over the Western Sahara

One of Norway’s largest insurance companies, KLP Kapitalforvaltning (KLP), announced this week that it was removing a company from its investment portfolio because it was engaging the illegal phosphate trade in the Western Sahara.   According to a press release, Incitec Pivot –  an Australian firm – is being excluded from KLP’s investment portfolio “because it …

American Spectator: Blocking Terrorists Funds

The following American Spectator article is well worth a read: It was treated as big news on Tuesday when Manhattan District Attorney Robert Morgenthau indicted Chinese executive Li Fang Wei and his company for using New York banks to finance the sale of tons of restricted, weapons-related material to Iran. But the truth is that some …