When the facts change, I change my mind. What do you do? -- John Maynard Keynes

Tuesday, February 10, 2015

US, Afghanistan, Iraq, Corruption, Waste

Can Corruption Be Eradicated?: "....Every day, millions of dollars in cash were declared by couriers at Kabul International Airport, and then flown to the United Arab Emirates, where the new Afghan √©lite invested in real estate and Bentleys. According to the Special Inspector General for Afghanistan Reconstruction, the United States has, since 2002, spent a hundred and four billion dollars on rebuilding the country (nearly as much, in today’s dollars, as was spent on the Marshall Plan), a large but untold fraction of which was skimmed away by middlemen before it could produce any tangible improvement for the Afghan people. “We know all this money is coming in,” a farmer outside Kandahar told Chayes, yet there was little the local population could do as it vanished. For the average Afghan, it was like watching a slow-motion heist in broad daylight...."

The Big Picture

Financial Crisis - The Telegraph

JohnTheCrowd.com | The Sailing Website

Craig Newmark - craigconnects