The US Navy (USN) acknowledged that delivery of the USS Gerald R Ford (CVN 78) will not occur in 2016 as the navy must determine the cause of problems with two main turbine generators (MTGs) on the next-generation aircraft carrier.
The USN has been working to determine the root cause of the problem, and how to fix and prevent recurrence of these issues.
The problem with the MTGs is an isolated incident, Vice Admiral Thomas Moore, commander Naval Sea Systems Command, said on 2 November, at the Washington, DC, Navy Yard.
Seems to me we’ve got some reeeeeeeeeeeeeeally expensive toys of late that ain’t quick working out the way they were supposed to.
As has been obvious I haven’t been posting much at all just because I am so disgusted and dispirited by everything attached to and associated with it, and I know I’m not alone in this feeling. Here in Deep Blue New Jersey as I drive around I see hundreds of signs advocating various candidates for various local offices…but interestingly none for the Presidential candidates; and by “none” I do mean none. Thinking back on years past when the yards were festooned with “Gore” and “Obama” and “Bush” signs it is shocking to drive around and see no Trump or Hillary signs; and the lack of Hillary signs is especially so here in New Jersey (and frankly should be very troubling for her and her Party).
There is ONE sign in my town with her name on it, and it’s not exactly a ringing endorsement:
Five years after MF Global’s collapse after big, levered bets on European bonds blew up leaving a $1.6 billion shortfall in customer funds, WSJ reports former New Jersey Gov. and Goldman Sachs CEO Jon Corzine is nearing a deal to pay $5 million to end a U.S. regulator’s lawsuit.
Ending what The Wall Street Journal calls a long and messy chapter in a four-decade career which touched the pinnacles of Wall Street and politics…
Mr. Corzine reached the tentative settlement with the Commodity Futures Trading Commission in June, submitting to a ban from trading client money in commodities and others assets regulated by the commission, the people said. A final deal has been on hold as the commission negotiates a resolution to its case against another former executive at MF Global, the people said. The terms may still shift ahead of a final deal, several people said.
And the Dems are all set to select another Goldman alum for our next Gov.
Exclusive: Clinton charities ignore law requiring them to disclose millions from foreign donors AG who could force transparency chooses not to
New York Attorney General Eric Schneiderman has the power to force the Clinton Foundation and the Clinton Health Access Initiative to publicly disclose the names of foreign governments and the millions they donate each year to the charities but he’s not doing it, a Scripps News investigation has found.
Schneiderman’s failure to require compliance with New York law and written instructions from his own office keeps the public in the dark about whether the foreign governments that gave money to the Clinton charities also had special access to Hillary Clinton when she was secretary of state, experts in private foundation law say. New York state has long required more transparency from non-profits operating within its borders than many other regulators.
A Scripps Washington Bureau review of tax returns and regulatory filings found that year after year the Clinton charities have ignored New York law and related instructions. However, the office of Attorney General Schneiderman, a Democrat whom Hillary Clinton named to her campaign’s “leadership council” in New York, did not respond to Scripps’ questions about the Clinton Health Access Initiative (CHAI), which has never publicly disclosed in New York filings the identity of its foreign government contributors or the amounts they give each year. Scripps also discovered CHAI did not report hundreds of millions of dollars in foreign government donations to the state.
However, Schneiderman’s office said it considers the Clinton Foundation, which is a separate charity, “in step” with state rules.
“To just be grossly generalistic, you can put half of Trump supporters into what I call the basket of deplorables,” Clinton said at a fundraiser in New York City. “Right? Racist, sexist, homophobic, xenophobic, Islamaphobic, you name it.“
Remember when it wasn’t ENOUGH that President Bush cut a vacation short and flew over Katrina ravaged New Orleans on his way back to the White House? How he should have BEEN there?
Good times, good times.
And it seemed like nobody was cutting short jack in Martha’s Vineyard.
Not for cities under water, not for cities on fire…
OBAMA INTERRUPTING VACATION TO CAMPAIGN FOR CLINTON
EDGARTOWN, Mass. (AP) — Golf, afternoons at the beach and … political campaigning?
President Barack Obama is interrupting what so far has been a leisurely vacation to help raise money for Hillary Clinton, the Democratic presidential nominee. Obama has said there’s never been anyone more qualified than Clinton, who was his rival in the 2008 presidential contest and his first-term secretary of state, to be president.
U.S. Sent Cash to Iran as Americans Were Freed Obama administration insists there was no quid pro quo, but critics charge payment amounted to ransom
The Obama administration secretly organized an airlift of $400 million worth of cash to Iran that coincided with the January release of four Americans detained in Tehran, according to U.S. and European officials and congressional staff briefed on the operation afterward.
Wooden pallets stacked with euros, Swiss francs and other currencies were flown into Iran on an unmarked cargo plane, according to these officials. The U.S. procured the money from the central banks of the Netherlands and Switzerland, they said.
Haunting this year’s presidential contest is the sense that the U.S. government no longer belongs to the people and no longer represents them. And this uneasy feeling is not misplaced. It reflects the real state of affairs.
We have lost the government we learned about in civics class, with its democratic election of representatives to do the voters’ will in framing laws, which the president vows to execute faithfully, unless the Supreme Court rules them unconstitutional. That small government of limited powers that the Founders designed, hedged with checks and balances, hasn’t operated for a century. All its parts still have their old names and appear to be carrying out their old functions. But in fact, a new kind of government has grown up inside the old structure, like those parasites hatched in another organism that grow by eating up their host from within, until the adult creature bursts out of the host’s carcass. This transformation is not an evolution but a usurpation.
What has now largely displaced the Founders’ government is what’s called the Administrative State—a transformation premeditated by its main architect, Woodrow Wilson. The thin-skinned, self-righteous college-professor president, who thought himself enlightened far beyond the citizenry, dismissed the Declaration of Independence’s inalienable rights as so much outmoded “nonsense,” and he rejected the Founders’ clunky constitutional machinery as obsolete. (See “It’s Not Your Founding Fathers’ Republic Any More,” Summer 2014.) What a modern country needed, he said, was a “living constitution” that would keep pace with the fast-changing times by continual, Darwinian adaptation, as he called it, effected by federal courts acting as a permanent constitutional convention.
read the whole thing and have a depressing weekend.
What we seeing play out now in the Brexit post-mortem is the exact kind of over-educated, arrogant dismissal of the will of the proletariat that got them where they are. When it was all heading in REMAIN’s direction, no one really heard anything about education, income class, AGE… But now that things have gone so horribly awry for the so horribly better situated in their plans for controlling lives not their own, in an effort to delegitimize the entire process, all these patronizing denigrations of the electorate who chose LEAVE have started. When you drill down into the post-polling data, they sniff and look disgustedly Heavenward, you see UNEDUCATED (by which they mean: no sheepskin), UNWASHED, MENIAL JOBS, LOWER MIDDLE CLASS, LOVELY FILTH OVER HERE, DENNIS! Ergo, this entire process is tainted, denying the flower of UK 20 somethings the future of THEIR choice (“I’m NOT British, I’m EUROPEAN” read one sweet young thing’s sign), as these selfish, “patriotic” OLD FUCKERS who are going to DIE SOON ANYWAY indulged themselves in one last fantasy round of Rule Britannia.
As David Brooks said last night, he understood LEAVE’s anger, he just wished they’d embraced a “more cosmopolitan form of patriotism.” WTF does that even MEAN?
It’s an ageist AND uneducated themed run at…your everyday, regular Brit.
The enraged, ever-so-clevers are manipulating this momentous ROAR of a formerly mewling British lion into:
Düsseldorf terror plot ‘bigger than previously realized’ The Isis plot to attacks the capital of North Rhine-Westphalia was bigger than previously assumed, with ten terrorists supposed to murder people with bombs and guns, local media report.
…On Thursday three men were arrested in Düsseldorf, after a fourth plot member had turned himself in to authorities in Paris in February.
Three of the men, all of them Syrian nationals are alleged to have arrived in Germany in 2015 along the Balkan route, the route taken by refugees fleeing the Syrian civil war.
The six additional members of the plot were supposed to join them at a later point, Saleh A. who is in custody in Paris told investigators.
According to his account, two of the group were supposed to blow themselves up in the Altstadt district, the other men were then to attack more civilians with guns and explosives.
Sorry, Venezuela haters: this economy is not the Greece of Latin America
Predicting a Venezuelan apocalypse won’t make it happen
For more than a decade people opposed to the government of Venezuela have argued that its economy would implode. Like communists in the 1930s rooting for the final crisis of capitalism, they saw economic collapse just around the corner. How frustrating it has been for them to witness only two recessions: one directly caused by the opposition’s oil strike (December 2002-May 2003) and one brought on by the world recession (2009 and the first half of 2010). However, the government got control of the national oil company in 2003, and the whole decade’s economic performance turned out quite well, with average annual growth of real income per person of 2.7% and poverty reduced by over half, and large gains for the majority in employment, access to health care, pensions and education.
Now Venezuela is facing economic problems that are warming the cockles of the haters’ hearts. We see the bad news every day: consumer prices up 49% over the last year; a black market where the dollar fetches seven times the official rate; shortages of consumer goods from milk to toilet paper; the economy slowing; central bank reserves falling. Will those who cried wolf for so long finally see their dreams come true?
Not likely. In the opposition’s analysis Venezuela is caught in an inflation-devaluation spiral, where rising prices domestically undermine confidence in the economy and currency, causing capital flight and driving up the black market price of the dollar. This adds to inflation, as does – in their theory – money creation by the government. And its price controls, nationalisations and other interventions have caused more structural problems. Hyperinflation, rising foreign debt and a balance-of-payments crisis will mark the end of this economic experiment.
But how can a government with more than $90bn in oil revenue end up with a balance-of-payments crisis? Well, the answer is: it can’t, and won’t.