July 29, 2003

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  Graphic from http://www.darpa.mil/iao/FutureMap.htm

  
  

  
  

  
  
  
  

  Pentagon's Futures Market Plan Condemned Mon Jul 28, 7:46 PM ET By KEN GUGGENHEIM, Associated Press Writer WASHINGTON - "The Pentagon  is setting up a stock-market style system in which investors would bet on terror attacks, assassinations and other events in the Middle East."

  
  

  "Investors would buy and sell futures contracts — essentially a series of predictions about what they believe might happen in the Mideast. Holder of a futures contract that came true would collect the proceeds of investors who put money into the market but predicted wrong."

  
  

   "$600,000 has been spent on the program so far and the Pentagon plans to spend an additional $149,000 this year. The Pentagon has requested $3 million for the program for next year and $5 million for the following year. . ."

  • 3:43 pm
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