1. WHOOPS

    U.S. Misspent $34B in Iraq, Afghanistan

    Brian Ferguson, U.S. Air Force / Getty Images

    A congressional commission has finished its three-year evaluation of the U.S.'s contracting operations in Iraq and Afghanistan, and it doesn't look good. The U.S. wasted or misspent $34 billion on contracts for wasteful or failed services during its decade in the battlefield. Some of that figure comes from projects that were poorly conceived, like an agricultural-development project that paid Afghan farmers to plow their own fields. Part of the figure also comes from funds diverted to insurgents, such as when a subcontractor pays 20 percent of a contract for “protection.” The report singles out private security guards as especially problematic, and calls for an overhaul of the way the U.S. employs them.

    Read it at The Wall Street Journal