Marketplace for Thursday, October 24, 2013
Episode Teaser Image
After the Deepwater Horizon debacle, the Obama administration decided that it would integrate all complex contracts in-house, and have one person coordinate big projects like that. It hasn’t worked, mainly because the very people who are qualified to do that job, would rather make the big money in the private sector. Cable television nearly did in TV Guide Magazine. But a few years ago a private-equity firm took it over and remade it. And German Chancellor Angela Merkel is outraged at possible bugging of her mobile phone by the U.S. European leaders meeting in Brussels will discuss how to respond to allegations of U.S. spying. Possible retaliations include suspending the transfer of bank data and withdrawal of cooperation on an EU-U.S. free trade deal.
Posted In: Obamacare, government contractors
After problems with the Coast Guard's massive Deepwater acquisition program, the federal government has moved away from hiring outside systems integrators, opting to coordinate big projects in-house.
Posted In: nsa, bank data, Edward Snowden, Angela Merkel
At a meeting in Brussels, European leaders are discussing possible retaliations, including suspending the transfer of bank data and withdrawal of negotiations over free trade.