BloggingStocks http://www.bloggingstocks.com BloggingStocks http://www.blogsmithmedia.com/http://www.bloggingstocks.com/media/feedlogo.gif BloggingStocks http://www.bloggingstocks.com en-us Copyright 2012 Weblogs, Inc. The contents of this feed are available for non-commercial use only. Blogsmith http://www.blogsmith.com/<![CDATA[Contractor Spending in Afghanistan Includes $1 Billion Wasted]]>http://www.bloggingstocks.com/2009/12/18/contractor-spending-in-afghanistan-includes-1-billion-wasted/http://www.bloggingstocks.com/2009/12/18/contractor-spending-in-afghanistan-includes-1-billion-wasted/http://www.bloggingstocks.com/2009/12/18/contractor-spending-in-afghanistan-includes-1-billion-wasted/#commentsFiled under:

An audit memorandum prepared by Senator Claire McCaskill's staff puts the amount of money spent on reconstruction and redevelopment contracts in Afghanistan at $23 billion, with $1 billion of it waste. So, was $22 billion well spent?

The funds have been spent on a variety of projects, including the construction of roads and the development of power generation utilities to agriculture, urban development and water sanitation.

Continue reading Contractor Spending in Afghanistan Includes $1 Billion Wasted

Contractor Spending in Afghanistan Includes $1 Billion Wasted originally appeared on BloggingStocks on Fri, 18 Dec 2009 10:30:00 EST. Please see our terms for use of feeds.

Read | Permalink | Email this | Comments]]>afghanistanAfghanistan warAfghanistanWarHomeland SecurityHomelandSecurityhouse of representativesHouseOfRepresentativesinthenewsmilitarymilitary contractsMilitaryContractsSenateFri, 18 Dec 2009 10:30:00 EST<![CDATA[Market to $810 billion bailout plan: Yawn]]>http://www.bloggingstocks.com/2008/10/03/market-to-810-billion-bailout-plan-yawn/http://www.bloggingstocks.com/2008/10/03/market-to-810-billion-bailout-plan-yawn/http://www.bloggingstocks.com/2008/10/03/market-to-810-billion-bailout-plan-yawn/#commentsFiled under:

The $810 billion bailout plan was just approved by the House of Representatives after a second vote by a margin of 263-171. That's a lot of taxpayer money for a plan that misses the target. And with stocks falling well off the highest levels of the day, I gather that investors are not too surprised that it passed.

To put this in perspective, the Dow now trades 631 points below where it was on the morning of the record 778 point decline on Monday. That's when the House voted thumbs down on the original plan. I guess taxpayers will need to spend a few trillion dollars to get more of those triple digit gains.

Meanwhile, I think that unless the Treasury can solve the thorny problem of setting a price for the mortgage-backed securities (MBS) and collateralized debt obligations (CDOs), then it will fail to solve the real economic problem -- which is a lack of trust in the financial system. I've proposed what I thought would be a better solution.

Maybe we can try that one next week if stocks drop another 700 points. There seems to be no limit to the amount of taxpayer money the government is willing to throw at this financial crisis.

Peter Cohan is President of Peter S. Cohan & Associates. He also teaches management at Babson College and edits The Cohan Letter.

Market to $810 billion bailout plan: Yawn originally appeared on BloggingStocks on Fri, 03 Oct 2008 14:41:00 EST. Please see our terms for use of feeds.

Permalink | Email this | Comments]]>collateralized debtCollateralizedDebtdowfeaturedhouse of representativesHouseOfRepresentativesmortgage backed securitiesMortgageBackedSecuritiesFri, 03 Oct 2008 14:41:00 EST<![CDATA[Bush announces new $3.1 trillion budget plan]]>http://www.bloggingstocks.com/2008/02/04/bush-announces-new-3-1-trillion-budget-plan/http://www.bloggingstocks.com/2008/02/04/bush-announces-new-3-1-trillion-budget-plan/http://www.bloggingstocks.com/2008/02/04/bush-announces-new-3-1-trillion-budget-plan/#commentsFiled under: , , ,

American President George Bush announced his new budget spending plan today, and the package came out to a total of $3.1 trillion.

Today's federal budget proposal marks the first time in America's history that a budget plan has been in excess of $3 trillion. Bush claims that his budget is "good" and "solid" and that the passing of this budget will help keep the troubled American economy growing.

All in all, this budget looks to lift government spending by 6% during the fiscal year 2009, and it will probably come to no one's surprise that defense gets a nice little boost from today's budget. Bush is looking to allocate 8.2% of his spending on security, and the budget is looking to stake a $70 billion "placeholder" for war costs during 2009. The Pentagon should be pleased with its figures, as Bush is looking to allocate $515.4 billion its way... the highest allocation since WWII (and represents a 7.5% jump).

Continue reading Bush announces new $3.1 trillion budget plan

Bush announces new $3.1 trillion budget plan originally appeared on BloggingStocks on Mon, 04 Feb 2008 16:01:00 EST. Please see our terms for use of feeds.

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