Army Gives Out $500,000 Armored Trucks for Free

Feb. 26 (Bloomberg) -- The U.S. Army is giving away 13,000 armored trucks, worth about $500,000 each. The 20-ton MRAPs, or Mine-Resistant Ambush-Protected trucks, were built specifically to save U.S. soldiers from roadside bombs in the Iraq and Afghanistan wars. Now the trucks are patrolling U.S. city streets. U.S. law enforcement agencies have received the lion’s share of this high-powered military surplus. (Source: Bloomberg)
FX Will Be Weak for Awhile Because of China: Nakisa
50:59 - UBS Global Asset Allocation Strategist Ramin Nakisa discusses the state of China’s economy and his subsequent thoughts on investing. He speaks with Jonathan Ferro on Bloomberg Television’s “On The Move.” (Source: Bloomberg)
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