Friday, April 30, 2004

Will This Affect My Portfolio?

Probably not, since it consists of the cash in my wallet, but Body and Soul is where I first saw this. Abu Ghraib, Iraq's notorious prison during Saddam's rule, is now...the notorious prison in Iraq under CPA rule. According to The Guardian UK, prisoners have been subjected to humiliating treatment, and at least one inmate was raped by an privately employed interrogator--which clouds the picture of how to deal with this obvious criminal act.

Being merely "the lesser of evils" in Iraq isn't good enough. These actions speak volumes in regards to the overall deterioration of the situation. William Golding and Chinua Achebe wouldn't be surprised at all.

By the way: my curiousity got the best of me, and I decided to check up on the market analysis for CACI International Inc, and Titan Corporation, the two private contractors associated with the prison. Looks like Forbes is hedging their own bets, giving CACI a strong buy rating. Titan, on the other hand, doesn't even get a sell, the kiss of death, but an avoid, which I guess is the sledgehammer of death.

What's very strange is that these companies are described as mainly IT enterprises. Sure, a prison needs recordkeeping. But when did IT branch out to interrogations? Maybe when the federal government puts $20 billion dollars on the table asks if there are any takers--I really don't know. But this war gets stranger and stranger as it gets worse and worse.

If this were a VH1 Behind the Music Special, they'd be talking about the downward spiral of drugs and alcohol right about now...

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