Yeah, well, I'm a month behind, but the story "Billions over Baghdad" in October's Vanity Fair is a must-read look by two long-time investigative financial journalists, Donald L. Barlett and James B. Steele, at the mysterious case of the disappearing billions of American aide in Iraq.
One stunner from the story:
There is no true method of calculating the human cost of the war in Iraq. The monetary cost, grossly inflated by theft and corruption, is another matter. One simple piece of data puts this into perspective: to date, America has spent twice as much in inflation-adjusted dollars to rebuild Iraq as it did to rebuild Japan—an industrialized country three times Iraq's size, two of whose cities had been incinerated by atomic bombs. Understanding how and why this happened will take many years—if understanding comes at all.