4. Military-Industrial-Political Corruption

By JOE NOCERA
At the Cowen & Company military industry investment conference on Wednesday, the breakfast speaker was a man named Ashton B. Carter. A former academic and industry consultant, Dr. Carter, as he likes to call himself — he has a doctorate in theoretical physics, in case you were wondering — is the Defense Department’s under secretary for acquisitions, technology and logistics. That is, he’s the Pentagon’s chief weapons buyer.

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There is something that Wall Streeters and Captains of Industry pay close attention to and it is called The Spade Defense Index. The SDI is a blended index of “publicly traded companies that benchmarks the performance of companies involved with defense, homeland security, and space.