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Article:
Halliburton Under Fire by: Kirt Hill The shareholders of Halliburton are trying to stop state-sponsored terrorism, using the same economic leverage that was effective against South African racism in the 1970's. Back then, shareholders used corporate resolutions to stop companies from doing business in South Africa. The tactic helped bring a peaceful end to an unpopular regime. Today, shareholders are trying to stop companies from doing business with 'sponsors of terrorism'. Many Americans would be alarmed to learn that American corporations are doing business with countries who are linked to terrorism. U.S. law currently restricts trade by American companies with states designated as 'sponsors of terrorism.' Halliburton is an American company doing business with two restricted nations - Iran and Syria. The company circumvented the law by opening an office in Iran under the name of Halliburton Products and Services Ltd, its Cayman Islands subsidiary. The U.S. government may not be able to stop the company from using a subsidiary in this manner, but the company is contending with an angry group of New York City Police and Fire Department pension fund owners. On November '12
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