$1B In Military Equipment Missing In Iraq

Tractor trailers, tank recovery vehicles, crates of machine guns and rocket propelled grenades are just a sampling of more than $1 billion in unaccounted for military equipment and services provided to the Iraqi security forces, according to a new report issued today by the Pentagon Inspector General and obtained exclusively by the CBS News investigative unit. Auditors for the Inspector General reviewed equipment contracts totaling $643 million but could only find an audit trail for $83 million. The report details a massive failure in government procurement revealing little accountability for the billions of dollars spent purchasing military hardware for the Iraqi security forces. For example, according to the report, the military could not account for 12,712 out of 13,508 weapons, including pistols, assault rifles, rocket propelled grenade launchers and machine guns.

The report comes on the same day that Army procurement officials will face tough questions from the Senate Armed Services Committee regarding their procurement policies. One official, Claude Bolton, assistant secretary for acquisition, logistics and technology has already announced his resignation on the heels of sharp criticism of army contracting. Bolton’s resignation is effective Jan. 2, 2008. The Army has significantly expanded its fraud investigations in recent months.

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Nokia 888
A cell phone which lets you to morph into any design you wish, roll it, bend it, clip it, whatever. It is light, and cool and most important You can change the form of the body and the color. The bracelet-like 888 is envisioned to use a liquid battery, feature a touch sensitive body cover, speech recognition, a flexible touch screen. It looks like there is a ready market for the phone if Nokia is able to move it from concept to mass-market commercial product. More about this concept on Telefoane. I hope to see this phone by the end of this year but I'm not holding my breath. If you are in Romania and you want to buy cheap cell phones I recommend Magazin Telefoane and Telefoane Samsung .