-------- Original Message -------- Subject: [wta-talk] Futures Market to Predict Terror Canned by Pentagon Date: Tue, 29 Jul 2003 12:13:32 -0400 From: Hughes, James <[EMAIL PROTECTED]> Reply-To: [EMAIL PROTECTED] To: <[EMAIL PROTECTED]> CC: <[EMAIL PROTECTED]>, <[EMAIL PROTECTED]>
WTAer/Extropian and GMU economist Robin Hanson was involved in this project. Looks like it was seriously misunderstood. - J.
July 29, 2003
Pentagon Said to Abandon Plan for Futures Market on Terror
By THE ASSOCIATED PRESS
WASHINGTON -- The Pentagon will abandon a plan to establish a futures market to help predict terrorist strikes, the chairman of the Senate Armed Services Committee said Tuesday.
Sen. John Warner, R-Va., said he spoke by phone with the program's director, "and we mutually agreed that this thing should be stopped."
Warner announced the decision not long after Senate Democratic Leader Thomas Daschle took to the floor to denounce the program as "an incentive actually to commit acts of terrorism."
Warner made the announcement during a confirmation hearing for retired Gen. Peter J. Schoomaker, nominated to be Army chief of staff.