Friday, April 4, 2014

The (this time I mean it) Ultimate First World Problem: $6 Billion Goes Missing at the U.S. State Department

How do you know you're rich?
When you can misplace $6 Billion Dollars.

From the Washington Post: 
State Department inspector general issues alert over $6 billion in contracting money
The State Department’s inspector general has warned the department that $6 billion in contracting money over the past six years cannot be properly accounted for and cited “significant financial risk and . . . a lack of internal control.”

The warning was the second “management alert” in State Department history, both issued by new Inspector General Steve Linick. Linick took over the job in late September, after it had been vacant for nearly six years.

Both the alert, dated March 20, and the department’s response a week later, were made public Thursday.
The department said it concurred in all recommendations and outlined steps it will take to address what it agreed is a “vulnerability.”...MORE
Just a couple minutes prior to this post I had mistakenly credited the post immediately below with being "The Ultimate First World Problem...". It has subsequently been downgraded to "A First World Problem: 'The growing problem of mountain queues, from Everest to the Alps'".