Below you'll find a list of all posts that have been tagged as “Aircraft carrier”
One often hears of the fact that the US spends more on its military than most other nations combined. This is usually presented as evidence that the US is more powerful militarily—perhaps so powerful that it could take on the rest of the planet, and prevail. I find this attitude highly questionable. If we look at what sort of “defense” …
Jack reviews indicators for the US economy for January and addresses the growing commentary on whether the US will enter recession this year. His prediction: ‘Relapse’ (a one quarter stagnation or contraction) is definitely likely, followed by a boost in government spending in the election year this summer. Recession on the agenda in 2017 for certain, if not sooner. Jack also reviews the major economic events of the past week, including the Iowa caucuses and Sanders’ capture of 87% of the youth (18-34 years) vote. The breakup of the Obama coalition and why Hillary should be very worried. Jack’s latest article, ‘The $10 Trillion Tax Giveaway’ (see his blog, jackrasmus.com) is reviewed, showing how politicians from Bill Clinton to Obama have given more than $10 trillion in tax cuts to investors and corporations, and how each of the Republican candidates are proposing another $10 trillion. Other events of the past week are discussed: Europe’s coming further QE, China’s $5 trillion in nonperforming bank loans, Ukraine minister resigns, and Martin Skrelli and big Pharma rip offs continue. Evidence of US economy softening in services PMI, jobs, manufacturing PMI, housing, states’ spending, business inventory de-stocking, and consumer spending slowing is reviewed.
What if we had a democracy? The Pentagon is about ready to pay the bill for one, new, still unfinished aircraft carrier, which so far has cost 13 billion dollars, but is mired with cost overruns and dysfunctional systems, so the daily cost continues to increase. At the same time the US government has set aside a mere 4 billion …
Forked Tongue: Obama’s ‘The State of the Union is Great’ Address
Borrowing the oratorical framework of President Franklin Delano Roosevelt’s 1941 State of the Union address, in which he outlined four fundamental freedoms that should embody a global bill of rights (freedom of speech and worship, and freedom from want and fear) President Barack Obama in his final address to the nation yesterday outlined “four big questions” America must grapple with: How do we give everyone a fair shot at opportunity and security in this new economy; how do we make technology work for us, and not against us, especially when it comes to solving urgent challenges like climate change; how do we give everyone a fair shot at opportunity and security in this new economy; and how do we keep America safe and lead the world without becoming its policeman.”
Leid Stories examines Obama’s contention that, with respect to his administration’s performance on these questions “the state of the union is great.”
PRINCETON, N.J.–Despite advances in health care and quality of life, white middle-aged Americans have seen overall mortality rates increase over the past 15 years, representing an overlooked “epidemic” with deaths comparable to the number of Americans who have died of AIDS, according to new Princeton University research. The results are published in a new paper in the Proceedings of the …
I’m sure most of my readers have heard at least a little of the hullaballoo surrounding the release of Pope Francis’ encyclical on the environment, Laudato Si. It’s been entertaining to watch, not least because so many politicians in the United States who like to use Vatican pronouncements as window dressing for their own agendas have been left scrambling for …
“China is reaching deep within the world island in an attempt to thoroughly reshape the geopolitical fundamentals of global power…… Its two-step plan is designed to build a transcontinental infrastructure for the economic integration of the world island from within, while mobilizing military forces to surgically slice through Washington’s encircling containment…….If China succeeds in linking its rising industries to the …
First, they tried to shoot the dogs. Next, they tried to poison them with strychnine. When both failed as efficient killing methods, British government agents and U.S. Navy personnel used raw meat to lure the pets into a sealed shed. Locking them inside, they gassed the howling animals with exhaust piped in from U.S. military vehicles. Then, setting coconut husks …
“We have to make sure America writes the rules of the global economy and we should do it today while our economy is in a position of global strength. If we don’t write the rules for trade around the world, guess what, China will. And they’ll write those rules in a way that gives Chinese workers and Chinese businesses the …
