The Incentive Bubble
) - "The fraying of the compact of American capitalism by rising income inequality and repeated governance crises is disturbing. But misallocations of financial, real, and human capital arising from the financial-incentive bubble are much more worrisome to those concerned with the competitiveness of the American economy." [more inside]
posted by kliuless
on Apr 3, 2012 -
While making a required filing to the state ethics commission, Ohio Secretary of State and gubernatorial candidate Kenneth Blackwell finds Diebold shares in his stock portfolio that he now claims to have bought "accidentally." Yes, that
Diebold -- the e-voting company whose chairman promised to "deliver the vote
" to George Bush. And yes, that
Blackwell, whose state helped deliver the White House
to the GOP. Blackwell insists that the humble amount of Diebold stock was in one of those "blind trust
" type of arrangements that worked out so rewardingly for Senate Majority Leader Bill Frist. [newsfilter via RawStory.]
posted by digaman
on Apr 4, 2006 -
Massive fraud, theft, corruption in Iraq rebuilding ...Iraqi money gambled away in the Philippines...spent on a swimming pool that was never used...US$700,000 in cash in an unlocked footlocker...millions to companies that never submitted required competitive bids or that were paid for unfinished work...paid US$14,000 on four separate occasions for the same job...US$1.3 million wasted on overpriced or duplicate construction or equipment not delivered..."needlessly disbursed more than US$1.8 million" of the estimated US$2.3 million spent for renovating the library...
from new auditor reports from the Special Inspector General for Iraq Reconstruction.
posted by Kickstart70
on Jan 30, 2006 -
Kirk von Ackermann mysteriously dissappears
on October 9, 2003. He was working for a contracting company in iraq and had called for assistance after getting a flat tire. When help arrived, he was gone without a trace leaving behind a laptop, his satellite phone and a briefcase with $40,000 destined for Iraqi subcontractors in the back seat of his truck.
Rick Manelick, a colleague of his, had told army investigators investigating the appearance that large sums of money were being paid to an army officer in exchange for granting contracts to Ultra Services, the company they both worked for. Two months after the disappearance he was killed in a drive-by shooting a day after telling a SF Chronicle reporter "I'm in fear of my life, you know. It's not Iraqis I'm worried about, either, it's people from my own country." (Found via SojoMail
, see also Topeka DIY
posted by nTeleKy
on Feb 21, 2005 -
"The fraud, the huckster, the salesman are not new phenomena in America; what is new is that they now so strongly control every estate of our society."
For the last few days, I've been reading the Progressive Review
, a sort of progressive news blog-by-e-mail -- and frankly, it's amazing. One of today's articles
blew my mind: it's a spot-on encapsulation of What's Wrong with America Today. (Scroll down to "Derivative America and the Enron Generation." This link is to the "Latest Issue" page. Tomorrow I think it will be archived here
.) Seriously, read it now. It's worth it.
posted by tweebiscuit
on Feb 26, 2002 -