Kiplinger's Personal Finance Magazine, Dec 2003 v57 i12 p30 
Mad Money. (Ahead) 

Byline: Jane Bennett Clark and Anne Kates Smith 

TERROR FUTURES MARKET BOMBS 

Relying on the prescience of futures markets makes sense when the subject is 
winter wheat. And a futures market has even forecast the outcome of a 
presidential election. But betting on global turmoil? That was the plan for 
the so-called terrorism futures market created by the Defense Advanced 
Research Projects Agency, which was supposed to provide the Pentagon with 
creative military applications of science and technology. Participants would 
have traded on the likelihood of, say, the assassination of Yasser Arafat or 
a missile strike by North Korea. The idea proved a little too outside the 
box for lawmakers and was quickly shot down. 

--Reporter: ELIZABETH KOUNTZE