Rapid Fire Dec. 4, 2012: No Love Lost Between Icahn, Oshkosh

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* Investor Carl Icahn and Oshkosh exchanged another round of press release hostilities in recent days. According to the AP as of today Icahn has effectively given up on his effort to buy out the truck maker. * Several CEOs from defense contractors discussed seaquest-ration yesterday at the National Press Club and came to this conclusion: we give up, raise taxes already [see video at the bottom of this entry]. Meanwhile the GAO updated its long-term fiscal outlook for the federal government. Verdict: in the long run we’re still all dead. * Following the review of many amendments and a 93-0 roll call vote on cloture last night, the FY13 NDAA should finally come to the floor of the US Senate today. But climate change might be a last-minute contentious curveball. * The Pentagon’s Inspector General released its 2nd report [PDF] on contracted logistics for Stryker vehicles. They found parts inventory worth almost $900M that was neither tracked by PMO Stryker (i.e. the government) nor General Dynamics (i.e. the prime contractor) as each party assumed the other was owning these parts. That does not mean all of that money ended up wasted, but the IG found for instance empty engine […]

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