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University of Iowa anti-war protests, January-April 1971

1971-02-12 Daily Iowan Article: ""Protesters Raid ROTC; One Arrest"" Page 4

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Laos legates at the [connect to previous page] edly accused y of invading nits alleged to States called nse." Vietnam did in both Laos fact gave a y are in the head of the Government day with a battalions of y an armor said she was y is in Laos. nts that there mese ground roops. e named U.S. ting in Laod th Battalion of egiment , and the 5th Mech Airborne Divi ision. ameese officers ing in Laos is rted they ex in the valleys sizable contin e regulars are confirmed four r the Laos of They withheld thers, mistake is crazy - it is not a mistake. They're there to make money" said one speaker, referring to the U.S. government and business corporations. "Do a little research - I think the whole base of the war is economic." another speaker told the drifting crowd. "They're not going to de-escalate this godamned war - they're going to keep moving and moving and moving." Also at the rally two singers and a harmonica player, who admitted "we're not too musical" rendered a song about "jolly bankers". The crowd kept the musical ball rolling by singing "Ballad of the Green Beret" while snaking through the Union in search of more participants. Once situated outside the Placement Office - where a Campus Security officer was kept busy opening the locked door for students with appointments - they were joined by Vice - Provost Phillip Hubbard, who told them that the recruiter was already inside. Hubbard also said that he had earlier asked the recruiter to talk with people at the rally and the recruiter has "expressed appreciation" but declined, saying that " he wouldn't be a good par BULLETIN SAIGON- Official U.S. sources admitted here Friday that American reconnaissance teams are operating inside Laos, but refused to define the reconnaissance teams as combat troops. The sources said that the reconnaissance teams had been operating in Laos for years, and they were continuing their work. The officials made the statement in response to questions about claims that U.S. soldiers had been seen on the ground inside Laos by U.S. newsmen. [photo]Amerika Vice Provost Philip Hubbard (right) chats briefly with some of 50 persons who staged a non-obstructive demonstration against the Bank of America representative who was at the Placement Office - Photo by Jan Williams f America Changes Australian Outlook nalysis [connects to previous page] ralia (LNS) gainville never from the Aus ration ran the d their coconut ir villages and South pacific nged all that ortune of living of copper ore d the immense the cooper. copper depend cing, bank of ndicate in 1969 capital to Rio ould actually do ncession on the cured from the r its role as fi a was assigned 3 per cent ownership in what would become the world's largest open pit copper mine controlled by the world's biggest bank. The copper lay under several hundred feet of volcanic soil on native land. The blacks, however, had no chance of sharing in the riches. Australia had passed a law under which all minerals found on native land were ceded to the colonial administration. Then, the mining sites were signed away to the consortium. When the bulldozers came to begin construction of mine facilities near Rorovana village in August 1969, about 70 black men and women sat on the ground blocking their path. Police threw tear gas. The natives held their ground. Finally police drove them away with clubs. Other demonstrations by natives were dispersed the same way. To win the lucrative Australian mining concessions, Rio Tinto gave gifts of stock to key government officials at one half the market value. When the copper is gone, the natives will be left with a realistic facsimile of a Vietnam battlefield. Bank of America is bursting with pride over the Bouganville project. The 1969 annual report features a four-color display on the mine. Bank president Tom Clausen calls its "the highest order of venture banking." Venture banking is a term coined by Bank of America which means the bank has a hand in everything : lending the money, planning the investment, winning favorable treatment from local governments, and sharing in actual ownership. " It requires a well informed and sophisticated intelligence system as well as a high degree of statesmanship." says the bank. "A better example of this new international banking could hardly be found than the role played by our bank in financing the Bougainville copper project." Profits are expected to flow in Bank of America's vaults beginning in 1973. The corporations claim that their overseas investments help "close the world's income gap." Bank of America's Clausen says " In the political climate that exists in most lesser developed countries, the only passport to success is to help, not exploit that country. In making the claim of exploitation the radical left is either naive about political realities abroad, or callously making use of an outdated shibboleth for their own ends." Among themselves, however, the corporate elite speak quite frankly about what is going on. Rudolph Peterson then president of Bank of America, told a convention of bankers in 1968 that "with the end of the colonial era most European banks pulled back from Asia. The time is now ripe for their return with the new dimension of venture backing." 4 (of 4) DI 2/12/71
 
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