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Monday, November 9th, 2009

Are States Blind to the Big Picture?

July 8, 2009 by Mark Ellis  
Filed under Business News

Are States Blind to the Big Picture?

According to a government report released today, struggling states have been using their piece of the stimulus money pie to solve immediate problems, rather than to establish the framework for fiscal strength in the future. The Government Accountability Office report reveals that many states have been divesting money from long-term programs to prevent layoffs and keep state initiatives afloat.
 
One of the hardest-hit sectors of most states is education, with states funneling money from education to other needs. School district officials across the country have expressed their concern over the lack of funding that has left many of them unable to …read more

Army Gives Out $15 Billion in Contracts

July 8, 2009 by Mark Ellis  
Filed under Business News

Army Gives Out $15 Billion in Contracts

DynCorp International Inc. and Fluor Corp. are the fortunate companies that the Army will pay up to $15 billion over the next five years to build army bases and other military necessities. The Pentagon has yet to decide exactly how much of the $15 billion it will need to pay to meet its needs.
 
Defense contractors have the potential to rake in the profits because of the fact that Afghanistan is much less developed than Iraq as far as U.S. military concerns go. KBR Inc., the previous company in charge of several infrastructural contracts throughout the Middle East, lost the bidding …read more


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