| Topic: |
Politics > Politics-USA |
| User: |
"NotBush2004" |
| Date: |
11 Aug 2004 06:01:38 PM |
| Object: |
No one at Halliburton was *immediately* available to comment. |
Halliburton Questioned on $1.8 Billion Iraq Work - WSJ
Reuters
Wednesday 11 August 2004
New York - Pentagon auditors have concluded that Halliburton Co. failed
to adequately account for more than $1.8 billion of work in Iraq and Kuwait,
the Wall Street Journal said on Wednesday, citing a Pentagon report.
The amount represents 43 percent of the $4.18 billion that Houston-based
Halliburton's Kellogg Brown & Root unit has billed the Pentagon to feed and
house troops in the region, the newspaper said.
It said the findings in the 60-page Pentagon audit report, dated Aug. 4
but not publicly released are likely to increase pressure on the U.S.
government to withhold hundreds of millions of dollars of payments to
Halliburton.
This, it said, potentially threatens the services that KBR provides U.S.
troops and other personnel in Iraq and Kuwait.
Vice President ***** Cheney was Halliburton's chief executive from 1995
to 2000.
No one at Halliburton was immediately available to comment on the
report. But the newspaper said KBR officials dispute the report's
conclusions.
The officials say they have worked within the same Defense Department
system for more than 10 years without problems, and believe differences can
be resolved without the withholding of large payments, the newspaper said.
In a June securities filing Halliburton said a move by the Pentagon to
withhold substantial payments or demand refunds could ``materially and
adversely affect our liquidity.''
KBR filed for Chapter 11 bankruptcy protection last December under the
weight of asbestos claims.
According to the newspaper Halliburton has until Sunday, after two prior
extensions, to provide Army officials with all necessary cost information
for its logistical work in Iraq and other locales.
This could lead to the withholding of as much as $600 million of
payments, though KBR officials are confident the Army will again extend the
deadline, and the Army is considering doing so, it said.
Halliburton shares closed on Tuesday at $29.83 on the New York Stock
Exchange.
http://www.truthout.org/docs_04/081204Z.shtml
--
A pattern of deception
A hard truth appears to have escaped the notice of the public and received
scant attention from the media: Bush is the first president in American
history to use deceptive propaganda as his main means of communications in
selling his policies. His pattern of deception continues unabated and in
direct conflict with the notion of the public's informed consent that is
central to American democracy.
Walter Williams is professor emeritus at the University of Washington's
Evans School of Public Affairs.
http://www.miami.com/mld/miamiherald/news/opinion/6378746.htm
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