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Strategies & Market Trends : The Epic American Credit and Bond Bubble Laboratory

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To: CalculatedRisk who wrote (63384)6/12/2006 9:49:00 PM
From: ild  Read Replies (1) of 110194
 
Global arms spend hits $1.12 trillion in 2005: report

STOCKHOLM (Reuters) - U.S. spending in Iraq and Afghanistan is expected to help push global military expenditure further up in 2006 after hitting $1.12 trillion a year earlier, a research body said on Monday.

The Stockholm International Peace Research Institute (SIPRI) said in its latest yearbook that the United States was behind 48 percent of total world arms spending in 2005 and had accounted for most of the year's 3.5 percent overall gain.

more at the link
washingtonpost.com
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