Friday, December 12, 2003

THE VALUE OF FRIENDS IN HIGH PLACES
I read how Haliburton was criticized for overcharging the US government to the tune of $61 million for gasoline imported from Kuwait to Iraq. Haliburton is a corporation formerly run by Vice President Dick Cheney. The company is not accused of profiting from the overcharge. It reportedly paid too much money to a subcontractor in Kuwait and will probably have to eat the loss. However, the real eye-opener here is that the vice president's former company was award the $15.6 billion (15,600,000,000) contract on a non-competitive, no-bid basis.

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