AJC classifiedsAJC JobsAJC HomesAJC CarsSubscribeArchives


ajc.com


 ajc.com
Nation / World
  Main page
  National
  International
  News Q & A
  Science
  Atlanta/World
  Lottery
  Weather
Metro
Business
Sports
Living
Opinion
Travel
Health
Your Money
Buyer's Edge
Jobs
Autos
Homes
Classifieds
 AccessAtlanta
Entertainment
Events
Pop Music
Movies
Theater & Arts
Restaurants
Recreation
Personals
 ajc services
 Archives
 Today's paper
 Obituaries
 Advertising
 Tickets
 Subscribe
 Teacher aids
 Customer service
 Sitemap
 E-mail News
 Sign up for our
 FREE newsletters:
 • News
 • Sports
 • Business
 • Travel Deals
 Browser tip
 Make ajc.com
 your homepage:

 ajc guides
 Schools
 Nursing Homes
 Visitors
 ajc stores
 Gifts & Guides
 Pages
 Photos
 Posters & Books
 Reprints

EMAIL THIS PRINT THIS MOST POPULAR SUBSCRIBE TO AJC
[ The Atlanta Journal-Constitution: 7/31/03 ]

Poindexter to resign over terror market flap

The Associated Press

WASHINGTON -- Retired Adm. John Poindexter will resign his position at the Pentagon after a research project he was overseeing was condemned by Congress as an "egregious error of judgment."

A senior defense official said Defense Secretary Donald H. Rumsfeld and Poindexter realized that "it would be difficult" for him to continue in his job after the flap over a plan to establish a futures market that would have allowed traders to profit by correctly predicting assassinations and terrorist strikes in the Middle East.

He said Rumsfeld did not ask for his resignation but that Poindexter was "working through the details" and "expects to offer" it within a few weeks.

The project was disclosed Monday by Democratic Sens. Ron Wyden of Oregon and Byron Dorgan of North Dakota. Criticism mounted Tuesday. Senate Armed Services Committee Chairman John Warner, R-Va., later announced he had an agreement from defense officials to end the project.

Warner had spoken by telephone with Tony Tether, head of the Pentagon's Defense Research Projects Agency (DARPA), where Poindexter works. Warner called the program "a rather egregious error of judgment."

DARPA and two private partners would have set up an Internet futures trading market on events in the Middle East. Traders could have bought and sold futures contracts based on their predictions about what would happen in the region. Examples given on the market's Web site included the assassination of Palestinian leader Yasser Arafat and a biological weapons attack on Israel.

Senators had called for Poindexter's resignation.

Sen. Barbara Boxer, D-Calif., said Tuesday that there was "something very sick about it."

"And if it's going to end, I think you ought to end the careers of whoever it was thought that up. Because terrorists knowing they were planning an attack could have bet on the attack and collected a lot of money. It's a sick idea," she said.

DARPA has been criticized by Congress for its Terrorism Information Awareness program, a computerized surveillance program that has raised privacy concerns. Poindexter also is the head of that program.

In the 1980s he was national security adviser to President Reagan. He was a key figure in the 1980s Iran-Contra scandal.

EMAIL THIS PRINT THIS MOST POPULAR SUBSCRIBE TO AJC



For more categories, to find businesses by name or to find people, Click Here
For more categories, to find businesses by name or to find people, Click Here

   Search ajc.com
   Enter keyword:
     
 Search our Stacks
 archive of staff stories
 back to 1985.
 



By using ajc.com you accept the terms of our Visitor Agreement. Please read it.
Questions about your privacy? See our updated Privacy Statement.
Interested in reprint permission? See our Permissions Policy.
© 2003 The Atlanta Journal-Constitution