Israeli Company, UVision, which makes unmanned aerial loitering munition systems, has successfully demonstrated its Hero-400EC. The Hero family of systems ranges from miniature tactical to larger operational loitering munitions for air, land, and naval platforms. UVision has recently partnered with Raytheon to adapt its Hero-30 for U.S. military requirements. The Hero-400EC is an all-electric unmanned loitering munition system equipped with a 10kg warhead with a range of 150km and endurance time of 120 mins. It can be deployed from the air, land, and sea. It can carry out pin point strikes … [Read more...]
The Dangers of Presidential Powers
One of the problems with a two party system is the discontent of the losing party. Worse yet is that each majority party attempts to empower its own executive whenever possible. Bad blood in Congress, and increased executive power can lead to revenge seeking by the White House down the road. My friend Gene Healy is an expert on the expanded powers of the presidency, and literally wrote the book on the subject which sits in my desk, The Cult of the Presidency: America's Dangerous Devotion to Executive Power. Healy writes in The American Conservative that the power of the presidency never seems … [Read more...]
Amazon Seeks New Office Space in Boston
Amazon is seeking more office space for its existing operations but the move could foreshadow its selection of its next headquarters. The Boston Globe's Tim Logan reports: Amazon is on the hunt for as much as 1 million square feet of office space in Boston, adding a new level of intrigue to the retail giant’s plans as it whittles down the list of the cities competing for its second headquarters. The Seattle company is negotiating with a Seaport developer to lease an entire office building, and possibly two, to continue its expansion in the city, according to real estate industry … [Read more...]
My 2018 Investment Perspective
I’ve always been amazed at how quickly investors forget what it feels like to lose money. One of my favorite economists, whom will remain unnamed, is a constant stock market cheerleader. He’s never met a market he hasn’t liked. I love his optimism and I too believe, like he does, that Trump’s tax cuts will keep us chugging along for some time. But that doesn’t mean stocks will always rise like the sun. Where I take issue with this perma-bull economist is his call that the bull market in bonds is over. He also says that bonds, more than stocks, are in bubble territory. He takes the … [Read more...]
Winter Olympics: How Good is Michaela Shiffrin?
How good is skier Michaela Shiffrin? “I think she’s maybe the best ski racer I’ve ever seen, male or female,” two-time World Cup champion Bode Miller told reporters. Over the weekend the 22-year old claimed her 39th and 40th World Cup wins. The time it took for Shiffrin to reach her 39th win compared to superstar Lindsay Vonn was reported by the Boston Globe: By comparison, Vonn required 256 races to get to that total in her 11th World Cup season. Through 120 races, Vonn had just four wins. At Shiffrin’s pace, she would match Vonn’s 78 wins by her 240th race — a point at which Vonn had fewer … [Read more...]
RAGE Gauge: January Euphoria
Investors are in what Bloomberg writer Adam Haigh calls a euphoria today. According to my RAGE Gauge, Americans are still not factoring in much, if any, risk. While the economy is strong and the stock market is up, it's always a good idea to be wary when others are not. When you hear words like euphoria being used to describe investor mentality, it pays to be skeptical. Haigh writes: Euphoria on Wall Street that stocks can just keep on building on record highs is getting so stratospheric that it’s reaching levels that previously signaled a slump. Analysts are ratcheting up their forecasts … [Read more...]
Elon Musk: Tesla, SpaceX, and the Quest for a Fantastic Future
One of my takeaways from the book Elon Musk: Tesla, SpaceX, and the Quest for a Fantastic Future by Ashlee Vance, is Musk’s ability to stay focused on his long-term goal of putting humans on Mars. At his rocket company, SpaceX, there was some grumbling from employees about when the company would file for an IPO enabling them to cash in on their rigorous years of work for the task master Musk. Here’s his email to employees (my emphasis in bold): Per my recent comments, I am increasingly concerned about SpaceX going public before the Mars transport system is in place. Creating the technology … [Read more...]
Is There a “Ghost Gun” in Your Safe?
Untraceable rifles called "ghost guns" are appearing as a black market must have according to The Wall Street Journal's Zusha Elinson. Guns with no serial numbers and no chain of ownership are turning up more and more. The guns are most prevalent in California, where firearms restrictions are some of the strictest in the country. Elinson writes: Graham Barlowe, resident agent in charge at the Sacramento, Calif., ATF field office, said the weapons are “a huge problem in my area.” About 250 ghost guns were seized or purchased in undercover buys by his Sacramento agents in 2017, he said. … [Read more...]
World’s First Long-Range Rifle Capable of Eliminating Targets 2.4 Miles Away
Russian company, Lobaev Arms has created a long-range rifle capable of eliminating targets at distances of up to four kilometers. The rifle, built like a Ferrari or Porsche, was made piece by piece, with a focus on the firearm’s power and precision. The SVLK-14 Twilight is a carbon fiber-reinforced “sandwich” of plastic, fiberglass and Kevlar that is specifically made to handle the powerful .408 Cheytac round. SVLK-14S is a unique sniper rifle showing outstanding performance for more than 6 years at ranges well exceeding 2000 meters. It's power, accuracy and extreme range in your … [Read more...]
The ‘Hated’ Stock Market Rally
Do investors even believe this stock market? Despite reaping the benefits of the second longest bull market on record, investors seem to hate the rally. Wall Street Journal reporters Akane Otani and Chris Dieterich report: Rather than celebrating this wealth-generating machine, individual investors have expressed in multiple surveys just how little enthusiasm they have for this stock market. For years, analysts have described an “unloved” or even “hated” stock rally, where prices defiantly rise despite one of the weakest U.S. economic recoveries on record, Washington’s policy sclerosis and … [Read more...]
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