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| | #41 (permalink) | ||||||||||||||||||||||
| Banned Join Date: Mar 2007 Posts: 694
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| | #42 (permalink) | |||||||||||||||||||||
| Block Captain ![]() Join Date: Jul 2006 Location: Virginia Gender: ![]() Posts: 436
| Sorry, dear, we don't have a deferred comp plan, he used to prepare them for other highly compensated executives. I WISH we had one. And many of those did not involve 401K at all...Cheney's don't need these anyway, as they already are worth millions. I don't have a 401K and I have nothing to trade. My understanding from what I read was that the contracts Halliburton now has in Iraq were bid contracts. The no-bid contracts have already expired. regards, vharlow SongLyricsDatabase.com! Looking for those words? Check it out! As scarce as Truth is, the supply has always been in excess of the demand. --J. Billings | |||||||||||||||||||||
| | #43 (permalink) | ||||||||||||||||||||||
| Super Moderator Join Date: Nov 2005 Location: RI Gender: ![]() Posts: 2,846 Country: ![]()
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Really, do you have a link? I would love to check it out. If that is the case I will admit I was wrong on this too. I just would like a reliable link. Have a nice day. Politics, it seems to me, for years, or all too long, has been concerned with right or left instead of right or wrong. ~Richard Armour There are many men of principle in both parties in America, but there is no party of principle. ~Alexis de Tocqueville | ||||||||||||||||||||||
| | #44 (permalink) | ||||||||||||||||||||||
| Block Captain ![]() Join Date: Jul 2006 Location: Virginia Gender: ![]() Posts: 436
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Halliburton Wins in Iraq with $9.6 Billion and More If you read down this document, you will find lots about Halliburton contracts and KBR, the subsidiary who bills for the work. One part in particular I'm quoting here: "The LOGCAP arrangement began in 1992, with KBR's predecessor Brown & Root the first winner. It held the contract until 1997 when the General Accounting Office discovered Brown & Root had overcharged the Army for its work on the war and peacekeeping mission in Bosnia. DynCorp won the contract in 1997, but KBR won it back in December 2001 and will hold it for 10 years, according to the contract terms. ((This means there was bidding.) KBR has a separate contract originally worth up to $7 billion to restore Iraq's oil infrastructure, awarded on the brink of the war in March 2003. That contract was later divided and opened for competition; KBR won a contract for the restoration of the southern oil fields only for a maximum value of $1.2 billion." (This also means the contract was bid on by others.) These are the contracts that are so lucrative for Halliburton. The contractors bidding against Halliburton, of course, are some of the loudest voices complaining and criticizing Halliburton and claiming they get favoritism because of Cheney. It's in their best interest to make Halliburton look bad. regards, vharlow SongLyricsDatabase.com! Looking for those words? Check it out! As scarce as Truth is, the supply has always been in excess of the demand. --J. Billings | ||||||||||||||||||||||
| | #45 (permalink) | ||||||||||||||||||||||
| Banned Join Date: Mar 2007 Posts: 694
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| | #46 (permalink) | |||||||||||||||||||||
| Block Captain ![]() Join Date: Jul 2006 Location: Virginia Gender: ![]() Posts: 436
| You know as well as I do that that $100 wasn't for just the sandwiches, but the salaries of the people who made them and delivered them and served them. It most likely took more than one person to do this. You wouldn't go there to risk your life for minimum wage, so why would anyone else? Halliburton employees have been killed working there.... possibly getting ready to serve peanut butter sandwiches, I don't know, but it's a possibility, isn't it? regards, vharlow SongLyricsDatabase.com! Looking for those words? Check it out! As scarce as Truth is, the supply has always been in excess of the demand. --J. Billings | |||||||||||||||||||||
| | #47 (permalink) | ||||||||||||||||||||||
| Super Moderator Join Date: Nov 2005 Location: RI Gender: ![]() Posts: 2,846 Country: ![]()
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Halliburton subsidiary KBR - formerly known as Kellogg, Brown & Root - holds the contract, known as the Army's Logistics Civil Augmentation Contract, or LOGCAP, an open-ended "cost plus" contract. The Army issues "task orders" for logistics work it needs done - meals served, facilities constructed - and KBR charges a percentage of the cost of the work as its profit. The LOGCAP arrangement began in 1992, with KBR's predecessor Brown & Root the first winner. It held the contract until 1997 when the General Accounting Office discovered Brown & Root had overcharged the Army for its work on the war and peacekeeping mission in Bosnia. DynCorp won the contract in 1997, but KBR won it back in December 2001 and will hold it for 10 years, according to the contract terms. KBR has a separate contract originally worth up to $7 billion to restore Iraq's oil infrastructure, awarded on the brink of the war in March 2003. That contract was later divided and opened for competition; KBR won a contract for the restoration of the southern oil fields only for a maximum value of $1.2 billion. Halliburton's fortunes increased dramatically with the onset of the Iraq war. In 2003 alone it received contracts from the Defense Department worth $4.3 billion, more in one year than it won in Pentagon contracts over the previous five years combined, according to the Center for Public Integrity. The total worth of DOD contracts from 1998 to 2003 was $2.5 billion. In January 2004, Halliburton fired two of its employees in Kuwait who accepted a $6 million bribe in exchange for awarding Army subcontracts to a Kuwaiti-based company involved in Iraq reconstruction. The next month, Pentagon auditors discovered Halliburton overcharged the military $27.4 million for meals served to American troops at five military bases in Iraq and Kuwait last year. Despite the controversies surrounding KBR's billing practices, military officials in Iraq told United Press International in 2004 they were satisfied with the quality of food and hygiene facilities provided by the company, saying their troops were generally well fed and healthy and had higher morale as a result. They could not speak to the financial side of the contract. Halliburton's KBR unit, formerly known as Kellogg, Brown & Root, received its biggest bonuses, $4 million of a potential $5 million, for two projects in Bagram and Kandahar, Afghanistan. Army Field Support Command in Rock Island, Ill., said award fee boards rated KBR's performance as "excellent" to "very good" for more than a dozen "task orders" in Kuwait and Afghanistan. The Army said this month that it wouldn't withhold 15% of future payments to Halliburton for its work in Iraq after a Pentagon inspector general, an Army auditor and the Defense Contract Audit Agency had recommended docking a portion of the company's payments. Some government departments have launched investigations of Halliburton's work in Iraq, including an inquiry on whether it overcharged to supply fuel to Iraqi civilians. The company has said its prices were fair. Rep. Henry A. Waxman (D-Los Angeles) alleged in August that Halliburton, which was headed for five years by Vice President Dick Cheney, was getting special treatment from the Pentagon. KBR supplies, among other things, housing and daily meals for the 155,000 U.S. troops stationed in Iraq and Kuwait and 18,000 in Afghanistan. Halliburton also is helping to restore Iraq's oil infrastructure. The awards are the first granted to Halliburton under a contract it won in 2001 to provide emergency combat logistics support worldwide for the Army. It has been paid $7.2 billion of the $10.5 billion obligated. [an error occurred while processing this directive] -END- Halliburton Wins in Iraq with $9.6 Billion and More Funny how just as they get to the part about the contracts and an error occurs while processing this directive. Politics, it seems to me, for years, or all too long, has been concerned with right or left instead of right or wrong. ~Richard Armour There are many men of principle in both parties in America, but there is no party of principle. ~Alexis de Tocqueville Last edited by tyreay; 04-16-2007 at 10:31 AM. | ||||||||||||||||||||||
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| | #50 (permalink) | |||||||||||||||||||||
| Block Captain ![]() Join Date: Jul 2006 Location: Virginia Gender: ![]() Posts: 436
| I suppose you think the people who ship the sandwich ingredients and the people who assemble the sandwiches don't deserve to be paid for their labor? I'm not trying to "justify" anything. I'm just pointing out a few facts left out when people are shocked and in horror at the price of delivering those sandwiches to Iraq. I'll grant, here at home, it wouldn't cost that much money to produce a few peanut butter sandwiches. regards, vharlow SongLyricsDatabase.com! Looking for those words? Check it out! As scarce as Truth is, the supply has always been in excess of the demand. --J. Billings | |||||||||||||||||||||
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