Why the Pentagon Fails Audits Year After Year...

The market is acting in ways that make it very hard to get a handle on what exactly is going on right now. The overall indices are surging, while many individual stocks are doing badly. Rates are rising, but the economy is still robust. There's capex spending and the AI trade. Th ...  Show more

Bill McBride did not just predict the 2008 housing bubble, he helped invent financial blogging with his Calculated Risk newsletter. Zach Lasry, meanwhile, is much newer to the scene, but in his career as a real estate developer, he is already responsible for building one of LA's ...  Show more

We saw so much corruption with USAID; Imagine what we will see when we audit the Pentagon. Cutting off all the DC slush fund organizations operating with our tax dollars. Why do smoke alarms always go off at 3 am? 

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Congress wants more oversight of how the billions in US aid to Ukraine are being used. But our own military can’t even seem to pass an audit. This episode was produced by Victoria Chamberlin, edited by Matt Collette, fact-checked by Laura Bullard and Haleema Shah, engineered by P ...  Show more

Audit firms are supposed to put a company’s books under the microscope. But these days, regulators are finding an increasing number of flaws in the audits that they inspect. The FT’s US accounting editor Stephen Foley explains what’s going wrong, and how regulators around the ...

There was military footage of unidentified flying objects that couldn’t be explained, and a decade of hidden funding in the defense budget. A Times investigation discovered a shadowy secret program at the Pentagon that looks at the potential threat of U.F.O.s.

Guests: He ...