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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 [...] 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 [...] The Washington Post’s David Nakamura, today’s White House pool reporter, had these odd lines in his last dispatch, just as the president was returning from a speech in Maryland: POTUS arrived back at WH at 12:45 pm after uneventful ride. POTUS was greeted in Rose Garden by Bo. POTUS didn’t reply when another pooler asked: So a gallon of regular is today costing Americans $3.82. And [...] WASHINGTON – When it comes to reducing the price of gasoline, a majority of Americans still seem to think the president wears tights and a cape and can leap tall buildings in a single bound. Despite countless assertions by President Obama and his top aides that there is no silver bullet he can fire or magic wand he can wave to quickly bring down gas prices, a CBS News/New York Times [...] by Macro Man Team Macro Man apologise for the lack of service recently. Last week saw their technical pullback first get Apple’d and then FED’d. And though there were glimmers of the technical turn, it looks as though it has morphed into a ”technical pause”. Despite the fizzling out of yesterday’s Euro summit there has been little sell-off which leaves TMM thinking that there is a chance of the European ”Policy by Sloth” may work. TMM wrote [...] by ZH A Silver Bullet for Modern Vampires Definition of VAMPIRE 1: the reanimated body of a dead person believed to come from the grave at night and suck the blood of persons asleep 2 a : one who lives by preying on others Does the above definition of vampire by Merriam Webster remind you of anything? Yes of course it does, it reminds you of the Too Big To Fail Banks. It was extremely [...] by ZH Recently, we presented and discussed one of the biggest issues for European banks: the urgent need to delever substantially (to the tune of over €2.5 trillion) by selling assets, in order to placate various regulatory entities that banks are solvent, and, far more importantly, the market, which has so far proceeded not to short banks into oblivion only due to the ongoing short selling ban, and to the explicit [...] From WSJ: World Bank President Robert Zoellick warned that Europe can’t count on cash-rich emerging nations like China and Brazil to come to the euro zone’s aid and said European leaders needed to make fundamental decisions about the direction of the currency union. “There’s no silver bullet. There’s no panacea,” Mr. Zoellick said in an interview on Friday while European finance ministers were meeting in Poland. “Nobody [...] President Obama used his weekly address Saturday to highlight his administration’s efforts against rising gas prices — even though he warned that “there’s no silver bullet that can bring down gas prices right away.” The president acknowledged what polls this week showed: Americans are feeling down on their luck and down on the country’s economic path. He referred to “hard times — and that’s what a [...] It just keeps getting worse. Yields on Spanish debt continue to spike higher ahead of a big auction this Thursday. The euro, for what it’s worth, is pretty stable. The German Professors call all the EUs ” bail outs ” criminal, though the interest spread forced upon Ireland is beyond words. What a wretched lot this EU is. Let us hope the the German Constitutional Court decide that it is indeed in [...] From Michael Krieger of KAM LP A Silver Bullet for Modern Vampires vam•pire Definition of VAMPIRE 1: the reanimated body of a dead person believed to come from the grave at night and suck the blood of persons asleep 2 a : one who lives by preying on others Does the above definition of vampire by Merriam Webster remind you of anything? Yes of course it does, it reminds you of the Too [...] By Dian L. Chu, Economic Forecasts & Opinions The United States economy grew at a sluggish annual rate of 2 percent in the third quarter, the Commerce Department reported last Friday. On the bright side, the economy is growing faster than the 1.7 percent growth in the second quarter and has registered the fifth straight quarter of expansion. But here comes the dark side – the [...] |
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