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A new audit of American financial practices in Iraq has uncovered irregularities including millions of reconstruction dollars stuffed casually into footlockers and filing cabinets, an American soldier in the Philippines who gambled away cash belonging to Iraq, and three Iraqis who plunged to their deaths in a rebuilt hospital elevator that had been improperly certified as safe.

The first official history of the $25 billion American reconstruction effort in Iraq depicts a program hobbled from the outset by gross understaffing, a lack of technical expertise, bureaucratic infighting, secrecy and constantly increasing security costs, according to a preliminary draft.

Eight Procurement Officials Suspended

Defense Department fraud-hunters dismiss data from retired officer about inflated prices.

The abuses relate mostly to U.N. supplies and services -- both in the department of management and the department of peacekeeping operations.

A senior fraud investigator for the Pentagon who has crusaded against military contractor overcharges for seven years has been suspended for "insubordination," according to an article written by Eric Rosenberg for the Hearst News Service, RAW STORY has learned.

From Reuters:

The Ghana Institute of Journalism is objecting to a new public relations collaboration between the mining company Newmont Ghana Gold Ltd. and the weekly newspaper "Junior Graphic" to make positive information about gold mining available to children in Ghana.

The world's rich and powerful are heading this week to their annual meeting in the plush mountain resort of Davos, Switzerland. Hosted by the great global corporations (Citigroup, Siemans, Microsoft, Nestles, etc.), some 2000 CEO's, prominent politicians, pundits and international bureaucrats will network over great food, fine wine, good skiing and cozy evenings by the fire contemplating the world's future.

A Halliburton Co. subsidiary provided water to U.S. troops at a camp in Iraq that was twice as contaminated as water from the Euphrates River, former employees of the company said on Monday.