Believe It Or Not, Sequester Politics Are Getting Worse by @econjared
OBAMA: The Sequester Is A ‘Pretty Bad Name,’ But Its Effects Are Going To Be Even Worse
President Barack Obama gave a stark warning to a shipyard crowd in Newport News, Va., telling them that the coming cuts known as the sequester are a “dumb way to do things.”
“This work, along with hundreds of thousands of jobs, are currently in [...]
Published: 26 January, 2013, 12:19
Russia’s leading shipyard finished deep modernization of the Indian submarine INS Sindhurakshak (Sea giant). Armed with latest multi-role missile system, radar and electronics, the sub promises to become the game-changing backbone of the Indian Navy.
NEW DELHI January 27, 2013 (AP)
An Indian news report says India has successfully tested a medium-range, nuclear-capable ballistic missile fired from an underwater platform in the Bay of Bengal.
Top Republican calls Romney’s approach ‘a step in the right direction’
Mitt Romney said Israelis could thank ‘culture’ for their prosperity
Spoke at a $25,000-a-head breakfast
Comments have been condemned as ‘racist’ by Palestinians
First sparked controversy when he claimed Jerusalem is the capital of Israel
Comes after he offended the UK questioning its readiness to host the Olympics
Arrived in Poland on Monday
Republicans have sprung to the defence of Mitt Romney after the presidential candidate [...]
The mega-yacht wars have escalated, with a Middle-Eastern billionaire building a 590-foot ship that’s expected to be the largest yacht in the world when it launches next year.
The ship, called Azzam, is under construction at a shipyard in Germany, according toSuperYachtTimes.com. It’s expected to measure 180 meters, or around 590 feet — or the size one-and-a half football fields, plus a basketball court.
That length would surpass the world’s current largest [...]
A super-stealthy warship that could underpin the U.S. Navy’s China strategy will be able to sneak up on coastlines virtually undetected and pound targets with electromagnetic “railguns” right out of a sci-fi movie.
But at more than $3 billion a pop, critics say the new DDG-1000 destroyer sucks away funds that could be better used to bolster a thinly stretched conventional fleet. One outspoken admiral in China has scoffed that all [...]
One of Australia’s richest men, Clive Palmer, has unveiled plans for a 21st century version of the Titanic to be built in China, with its first voyage from England to New York set for 2016.
Palmer, a self-made mining billionaire, said he has commissioned state-owned Chinese company CSC Jinling Shipyard to construct Titanic II with exactly the same dimensions as its predecessor.
“It will be every bit as luxurious as the original [...]
The $7 billion dollar warship being built to maintain American naval supremacy over China in the 21st Century
One of the largest, most expensive and advanced warships ever commissioned for the U.S Navy is taking shape at Bath Iron Works shipyard in Maine.
Named the U.S.S Zumwalt, the $7 billion guided-missile destroyer is at the cutting edge of technology and now deemed vital for defence following President Obama’s Asia-Pacific pivot.
Featuring a radical [...]
From Washington Times:
On the surface, the Navy’s cherished fleet of 11 active aircraft carriers seems safe from President Obama’s budget slashers.
Conventional wisdom says the requirement to cut $488 billion from the Pentagon within 10 years will not necessitate banishing a single carrier because the president’s military strategy focuses on two carrier-dependent regions: Asia, whereChina is building a robust navy, and the Persian Gulf, where Iran threatens to block international oil shipping.
As Defense Secretary Leon E. Panetta prepares to [...]
China’s first aircraft carrier on Wednesday left its shipyard in the country’s northeast to start its first sea trial, the state news agency Xinhua said.
The revamped old Soviet ship’s sea trial was in line with the schedule of its refitting project and would not take long, the news agency said, quoting military sources.
After returning from the trial, the carrier will continue its refit and test work, the [...]
There is worrying news for Australia and other nations that rely on China’s breakneck economic growth.
Some economists are predicting the pace cannot be sustained and fallout is inevitable unless China can pull off major shifts in its economy.
Demand from places like the massive Waigaoqiao Shipyard on the outskirts of Shanghai have dragged China and Australia through the world [...]