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Cover Story

IBM and Saddam's favourite bank

By Judi McLeod
Thursday, May 26, 2005

Salem, NC-- While Microsoft giant Bill Gates hobnobs with the likes of Earth Charter architects Mikhail Gorbachev and Maurice Strong, IBM has jumped into bed with Saddam's favourite bank, BNP Paribas.

Since December 2003, IBM and French bank BNP Paribas have been in a 50-50 partnership in a massive IT operation.

IBM provided the technological expertise to create BNP Paribas out of the merger of three banks and now has a subsidiary that it runs with BNP.

The giant multinationals have signed up on a giant venture to manage BNP Paribas's information and technology operations. The deal covers a kind of computing that is vast, right up there with the mega coverage that got its start back in 1987 when England-based GreenNet began collaborating with the Institute for Global Communications (IGC). a massive, 24-hour, transnational computer network, ICG serves 17 UN offices, 40,000 activists and a legion of non-governmental organizations in more than 133 countries.

The BNP Paribas/IBM deal conducts 26 billion operations per second and the sale of 7,000 Units or NT servers.

On the topic of "prior business", (www.outsourcing-law. com) states "IBM's success appears to have been generated by its prior relationship with the bank."

IBM "provided the integration services to facilitate the merger on a technical basis".

BNP was formed from the merger of United European Bank, Banque Nationale de Paris and Paribas.

The marriage of IBM and BNP Paribas seems to lean heavily on ambition, since all three banks had "heterogeneous platforms".

"The announcement was silent on the degree of integration of BNP shared IT services group, based in Geneva with 400 employees, which reportedly provides it solutions to the private banking arms of its parent group."

Despite serious concerns about U.S. security, IBM sold its computer unit to Lenovo, a Chinese company. Lenovo is partly owned by the by the People's Republic of China.

according to the Chicago Sun Times, "the top five countries trying to snoop on U.S. plans and cutting edge technology are China, Russia, Israel, France and North Korea."

Conducting lobbying duty to bring in the Lenovo deal was Brent Scowcroft, who along with his close friend Yevgeny Primakov, were the lead reformers handpicked by UN Secretary General Kofi annan to tell the U.S. how not to conduct pre-emptive strikes without prior UN permission. as one wag has suggested, that would be similar to Canadian Prime Minister Paul Martin's contention that if a missile is flying over the Yukon, the U.S. will require his permission to shoot it down with the missile shield whose program that he refused to let Canada join.

Meanwhile, IBM has hooked up with National Geographic to look for ancient clues buried in living DNa to find out who came from where and when.

On a quest to help geneticists answer the question of how humanity spread from africa, the companies are asking indigenous people around the world to supply a cheek swab for which they will be paid US$100.

People can buy mail-in swab kits and contribute to the DNa database.


Canada Free Press founding editor Most recent by Judi McLeod is an award-winning journalist with 30 years experience in the print media. Her work has appeared on Newsmax.com, Drudge Report, Foxnews.com, Glenn Beck. Judi can be reached at: judi@canadafreepress.com


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