KBR Inc. has been awarded a $35.4 million contract by the U.S. Army Corps of Engineers for design and construction of a convoy support center at Camp Adder in Iraq.
Houston-based KBR (NYSE: KBR) will build a power plant, electrical distribution center, water purification and distribution system and other infrastructure, including paved roads.
The work by the engineering and construction services company is expected to begin in February. From the Houston Business Journal
For more information or how to apply, go to KBR’s website HERE
A fired employee of mortgage giant Fannie Mae has been accused of installing a time-rigged virus on the company’s servers.
Fired employees sometimes threaten to get even, but few actually do it. Fewer still install a virus on the servers of the company they used to work for, rigged to go off later and take out all the company data.
But that’s exactly the crime of which former Fannie Mae Babubhai Makwana is accused. It’s alleged that he installed malware on the company’s servers that would activate on January 31, shutting down the computer monitoring system and access to all 4,000 servers, before replacing all company information with zeros. More HERE
Most disguntled employees just steal a box of Post-it notes or maybe all the “W”s off the computers…
Why creating a Bad Asset Repository Fund for Wall Street’s toxic assets could make banking even sicker.
First there was TARP. Get ready for BARF.
They haven’t named it that yet, but calling a federal “bad bank” to soak up toxic assets the Bad Asset Repository Fund would be truth in advertising at least. Despite Washington’s renewed enthusiasm for the idea, there is a strong case to be made against it.
The problem boils down to bank profitability, which is depleted, and the industry’s ability and willingness to lend. Offloading the worst assets into an aggregator fund would still leave banks with loan books under pressure from rising defaults. Banks would still be forced to build reserves at a time when their earnings power is reduced, and that earnings power would only shrink more with a smaller asset base. More HERE
We at ATAW realize conservative capitalists will have a difficult time stomaching BARF and present the official Presidential BARF bag – originally created for the Inauguration and debuted at BlogmeisterUSA, it looks like we’ll have to have a large supply of BARF bags around….
NUEVO LAREDO, MEXICO — A bomb found on the Puerta a las Americas, one of the four international bridges linking this Mexican city to Laredo, Texas, was detonated by U.S. explosives experts using a robot, Mexican officials said.
A caller told the emergency operations center in Nuevo Laredo, which is in Tamaulipas state, that six bombs had been planted on the bridge on Saturday, Nuevo Laredo emergency management chief Juan Ernesto Rivera told Efe. Full story HERE
Much of the country is covered in ice and snow. While we have been spared the ice and snow here in South Arkansas, those just to the north of us weren’t so lucky. Alan Burkhart has some great photos of the Southeast Missouri ice storm HERE.
Rush tells it like it is about Obama, Alinsky and the Socialist Agenda (aka Economic Simulus) Bill…..
WASHINGTON—The U.S. Department of Justice today announced the availability of an online computer system to help protect states and consumers from automobile fraud and to provide law enforcement with new tools to investigate fraud, theft, and other crimes involving vehicles. The National Motor Vehicle Title Information System, or NMVTIS, will be available for consumers on January 30, 2009 and will be accessible through third party, fee-for-service websites. The Office of Justice Programs’ (OJP) Bureau of Justice Assistance (BJA) administers NMVTIS in coordination with the Federal Bureau of Investigation (FBI).
The system allows state motor vehicle administrators to verify and exchange titling and brand data and provides law enforcement officials, consumers, and others with critical information regarding vehicle histories. Consumers now have access to the vehicle’s brand history, odometer data, and basic vehicle information and can be redirected to the current state of record to access the full title record if available. Law enforcement can track the vehicle’s status from state to state by accessing the system directly.
According to the National Insurance Crime Bureau, car theft is a profitable business generating nearly $8 billion a year. Along with implementing this system, the Department has outlined the various responsibilities and reporting requirements for states, auto recyclers, junk yards and salvage yards, and insurance carriers. The Department has designed the system consistent with federal law that requires that the system be paid for through user fees and not dependent on federal funding.
Since 1997, the Department of Justice has committed over $15 million to assist states and other stakeholders in the implementation of NMVTIS. Currently, NMVTIS has the participation, or partial participation, of 36 states. Ultimately, with full participation from all 50 states and the District of Columbia, NMVTIS will prevent stolen motor vehicles, including clones, from entering into interstate commerce; protect states and consumers from fraud; reduce the use of stolen vehicles for illicit purposes including fundraising for criminal enterprises; and provide consumer protection from unsafe vehicles. In research conducted by the Logistics Management Institute, the system is estimated to save taxpayers between $4 and $11 billion each year. For further information on NMVTIS, visit www.nmvtis.gov.
The Office of Justice Programs, headed by Acting Assistant Attorney General Laurie Robinson, provides federal leadership in developing the nation’s capacity to prevent and control crime, administer justice, and assist victims. OJP has five component bureaus: the Bureau of Justice Assistance; the Bureau of Justice Statistics; the National Institute of Justice; the Office of Juvenile Justice and Delinquency Prevention; and the Office for Victims of Crime. Additionally, OJP has two program offices: the Community Capacity Development Office, which incorporates the Weed and Seed strategy, and the Office of Sex Offender Sentencing, Monitoring, Apprehending, Registering, and Tracking (SMART). More information can be found at http://www.ojp.gov.
Starbucks is to close more stores, sell a newly delivered $45m corporate jet and cut headquarters staff and worker benefits as it battles a slump in sales that has tracked the broader collapse in global discretionary spending.
The coffee retailer said on Wednesday that it would shut 300 more “underperforming” locations – 100 of them outside the US – after a 9 per cent fall in comparable sales in the last three months of 2008. It announced a first wave of 600 US store closures last summer. More HERE
Could part of the problem be that people just don’t want to pay $4 for cup of coffee? Granted, Starbucks does have good coffee, but one can go to elsewhere and get a great cup for $1.50. In fact, the Valero station nearby has great cappucino for 59 cents – if I have my own travel mug – and Pilot Travel Centers (aka truck stop) recently introduced a hazelnut blend that beats Starbucks any day. I quit buying Starbucks when they jumped on the global warming hoax bandwagon a few years ago. …
By JR Dieckmann
The Democrats’ answer to government overspending and overextended credit is more overspending and overextended credit. Obama now wants another trillion dollars in stimulus money to use as he sees fit. The federal government is trying to buy the free enterprise system, lock, stock, and barrel from the private sector, so that politicians can run and control it just like they do in Communist countries. They are forcing bailout (buyout) money on companies and banks who don’t even need it or want it – to gain control of those companies and banks.
In response to the mortgage meltdown and economic recession, a majority of voters voted for Democrats, the very same people who caused the problem that started with Fannie Mae, Freddie Mac, and liberal mortgage lending policies of the Clinton administration. The Democrats’ solution to the problem is more of the same liberal spending and lending policies that got us into the financial mess in the first place. We all will be suffering the consequences of that vote.