..."Daddy Warbucks".
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Published on Tuesday, January 14, 2003 by the Prince George's Journal (Maryland)
The Bush `Warbucks' Family Cashes In
by Margie Burns
William H.T. (``Bucky") Bush, an uncle of George W. Bush, is on the Board of Directors of a company which will benefit substantially from war with Iraq, according to financial analysts. The company, Engineered Support Systems, is based in St. Louis. William H.T. Bush was also a major Bush donor and campaign fund-raiser.
Astute business articles have boosted the company's stock this fall. As Russ Mitchell, writing in Smart Money, put it: ``War may not be healthy for children and other living things (not in the short run, anyway), but it's healthy for military stocks, right? It depends on what you mean by health. Consider Engineered Support Systems, which makes biological and chemical filtering and decontamination equipment, among other things.''
Hundreds of stocks bombed to record lows, but Engineered Support was one of few to fly the other way, hitting a record high of $61.25 on Sept. 16. The closer the U.S. gets to war in Iraq, the better things look for the St. Louis, Mo., company. Its specialty is military logistics and support; it makes stuff that helps the services get supplies from here to there in a hurry.
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<link>
http://www.commondreams.org/views03/0114-07.htm