New on the web: A long, detailed story in Wired on the homeland security market. An excerpt:
There’s little fear in the industry that government spending will abate any time soon. If anything, insiders insist, the government is in catch-up mode. Washington may be a squabbling, partisan bureaucracy, but there is one thing that politicians can agree on: It’s important to look tough on disasters. No elected representative wants to be seen as having rejected funding for the prevention of a catastrophic event that actually occurs.
“We are in year four,” says Scott Greiper, a global security analyst at the investment bank CE Unterberg-Towbin, referring to an industry calendar that begins on 9/11, “but we are on the 10-yard line when it comes to the money that has to be spent.”