dealing with more marxist boogeymenHere's something that runs contrary to what a lot of people would assume: Last week, Halliburton, the oil-services and construction company formerly run by Vice President Dick Cheney, surprisingly warned that its earnings for the current quarter would be 15 percent lower than estimates. You'd think that Halliburton would be thriving. After all, oil prices are high, and the company has received giant—if controversial—contracts to oversee the reconstruction of Iraq. The no-bid prewar contract it received to work on Saddam's oil fields has, according to the Wall Street Journal, gushed $1.3 billion of revenues thus far. The company also won a competitive bid for a $1.4 billion contract to support military personnel.Read more about Dick Cheney and the demise of Haliburton. |
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