Above Photo: ExxonMobil Refinery, Baytown TX. (Roy Luck). The oil giant’s massive plan to drill in Guyana’s waters comes as the UN Secretary General warns of fossil fuels as a “blight on investment portfolios.” “Investing in new fossil fuel infrastructure is moral and economic madness,” UN Secretary-General António Guterres said as the Intergovernmental Panel on Climate Change (IPCC) released part of its latest report on Monday. This scientific summary, focused on how the world can cut greenhouse gas emissions, warns of the extraordinary harm to all of humanity caused by fossil fuels and the need for a rapid energy transition away […]
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$1.1 Billion And Counting For Navy’s Obstinance In Shutting Down Fuel Tanks By Col. (Ret.) Ann Wright, Popular Resistance. March 25, 2022 $1.1 Billion And Counting For Navy’s Obstinance In Shutting Down Fuel Tanks2022-03-252022-03-25https://popularresistance-uploads.s3.amazonaws.com/uploads/2017/12/popres-shorter.pngPopularResistance.Orghttps://popularresistance-uploads.s3.amazonaws.com/uploads/2022/03/img-7202-1-1-e1648260756855.jpg200px200px Above photo: Ann Wright. Navy Decisions on Red Hill Jet Fuel Tanks Very Costly to Military Families, Taxpayers and Hawaii’s Environment. Total Congressional funding for all aspects of the Navy’s Red Hill water contamination debacle is now over $1.1 billion according to Hawai’i Congressional representative Ed Case and billions more are needed to complete clean-up, defueling and closing of the massive leaking Red Hill jet fuel storage […]
Democrats Quietly Cut $5 Billion In Global Covid Aid—With Biden Already Behind On Vaccine Donations By Sarah Lazare , In These Times. March 11, 2022 Democrats Quietly Cut $5 Billion In Global Covid Aid—With Biden Already Behind On Vaccine Donations2022-03-112022-03-11https://popularresistance-uploads.s3.amazonaws.com/uploads/2017/12/popres-shorter.pngPopularResistance.Orghttps://popularresistance-uploads.s3.amazonaws.com/uploads/2022/03/220311.jpg200px200px Above Photo: House Speaker Nancy Pelosi (D-Calif.) speaks at her weekly news conference at the Capitol building on August 6, 2021. (Anna Moneymaker / Getty Images). The Biden Administration Would Actually Have To Increase Its Donations 50% To Meet Its Pledges. As the Biden administration falls woefully behind on its pledges to donate Covid vaccines to the world, on Wednesday, the […]
Above Photo: 401(K) 2012 / Flickr. CC BY-SA 2.0. This past weekend I was sitting in my hot tub that’s really just a bathtub that’s really just my neighbor’s bathtub that he lets me use when he’s out of town and doesn’t know I found his apartment key — and it occurred to me: I don’t think most Americans are happy with our political system. I don’t know why not. I’ve got it! I just remembered. It’s because both mainstream parties are owned by corporate America, stand for the same shit, and they haven’t actually been face-to-face with a regular blue-collar […]
Above Photo: Afghan people walk past a Kabulbank branch in Kabul September 14, 2010. Afghanistan’s central bank has stepped in to take control of the troubled Kabulbank, its governor said on Tuesday, after suspected irregularities raised concerns over the country’s top private financial institution. Reuters / Andrew Biraj. The president’s order diverting frozen funds to American families of 9/11 victims will only make the humanitarian and economic crises in Afghanistan worse. With his Executive Order redefining Afghanistan’s Fiscal Reserve as a slush fund to be disbursed on his whim and with the stroke of his pen, President Biden has taken what may well […]
Above photo: Farmers harvest organic squash in Washington state. Thomas Barwick / Getty Images. The U.S. Department of Agriculture (USDA) will invest $1 billion in projects that encourage farmers, ranchers and owners of forested land to employ practices that help mitigate the effects of climate change by lowering greenhouse gas emissions or catching and storing carbon, USDA Secretary Tom Vilsack told Reuters on Monday. The new program is called the Partnerships for Climate-Smart Commodities. President Biden has committed to cutting agricultural emissions in half by 2030 and has asked farmers to lead the way, as U.S. agriculture is responsible for more than 10 percent of the country’s greenhouse gas […]
Above photo: U.S. Defense Secretary Lloyd Austin laughs with Joint Chiefs of Staff Chair Gen. Mark Milley during a break in a Senate Appropriations Committee hearing on the defense department’s budget on Capitol Hill in Washington, U.S., June 17, 2021. Reuters/Evelyn Hockstein/Pool. The bill will now be signed by President Biden to become law. On Tuesday, the Senate passed the massive $778 billion National Defense Authorization Act (NDAA) in a vote of 89 to 10. The legislation is a compromise version of the NDAA that was already passed by the House and now just needs President Biden’s signature to become law. Congress added $25 billion more to […]
Above Photo: A new report from BailoutWatch and the Center for Biological Diversity reveals that leading U.S. utilities took $1.25 billion in pandemic relief funds even as they cut off power to vulnerable households nearly a million times. (Matt Wiebe/Flickr/cc) Washington – The Center for Biological Diversity and BailoutWatch today released Powerless in the Pandemic, a report showing that some of the nation’s top utilities received a collective $1.25 billion from last year’s government bailouts while shutting off families’ electric service nearly 1 million times. The report shows that utilities wielded political power to secure beneficial tax-code changes in the CARES Act but defied calls to grant their […]
The U.S. Department of Defense has announced that Air-to-Air Missiles Program Office (PMA-259) International Programs team has reached a first-time Foreign Military Sales (FMS) portfolio value of $3 Billion for 34 countries and two NATO member countries. In a statement last week, the Department of Defense said the United Arab Emirates (UAE), an existing international partner, finalized an agreement with the U.S. this March to procure the F-35 Lightning II, Joint Strike Fighter (JSF) aircraft and requested additional AIM-9X Block II+ missiles for external carriage on the JSF. The International Programs team’s mission is to foster continuous, long-term international relationships between […]
Pentagon’s No.1 weapons supplier Lockheed Martin Corp. was awarded a contract from the U.S. Army for additional 11,000 Guided Multiple Launch Rocket System (GMLRS) rockets, the company announced March 30. This contract, with an estimated value of $1.1 billion, calls for the production of more than 9,000 GMLRS Unitary and Alternative-Warhead (AW) rockets, more than 2,000 Low-Cost Reduced-Range Practice Rockets (RRPRs) and integrated logistics support for the U.S. Army, U.S. Marine Corps and international customers. Per the contract, work will be performed at the Lockheed Martin facilities in Camden, Arkansas; Dallas and Lufkin, Texas; and Ocala, Florida, and will be completed […]
The U.S. military’s Defense Security Cooperation Agency (DSCA), the Pentagon’s top arms broker, issued a press release on March 12, 2021, that announced that the State Department has made a determination approving a possible Foreign Military Sale to the Government of Germany of P-8A Poseidon aircraft. The U.S. State Department has cleared a possible $1.77 billion foreign military sale of five P-8A Poseidon maritime patrol aircraft to Germany. According to the DSCA, the complete package includes Multifunctional Distribution System Joint Tactical Radio Systems 5 (MIDS JTRS 5); LN-251 with Embedded Global Positioning Systems (GPS)/Inertial Navigations Systems (EGls). – ADVERTISEMENT – CONTINUE […]
On Friday, the Ministry of National Defense of the People’s Republic of China has confirmed that the Chinese government plans a 6.8 percent increase (the largest gain since 2019) in the defense budget in the coming year. According to a press release issued on 5 March, China’s annual defense budget will maintain single-digit growth for a sixth consecutive year by increasing 6.8 percent in 2021. The details were given in a Friday media release also said that this year’s planned defense spending will be about 1.35 trillion yuan (about $209 billion). – ADVERTISEMENT – CONTINUE READING BELOW – China’s defense budget […]
The U.S. Department of Defense said Wednesday that Boeing has been awarded a $2,1 modification to a previous contract for Lot 7 production KC-46 aircraft. Boeing Co. has been contracted to build additional 15 KC-46A refueling tankers, according to the U.S. Department of Defense contract announcements. “The modification provides for the exercise of an option for an additional quantity of 15 KC-46 aircraft, data, subscriptions and licenses, and G081 flat file being produced under the basic contract,” the DoD said in a statement. – ADVERTISEMENT – CONTINUE READING BELOW – Also added that work will be performed in Seattle, Washington, and […]
The F-35 Joint Program Office handed out a whopping $1.28 billion in contract to support operations and sustainment of the global F-35 fleet through June 30, 2021. The U.S. Department of Defense and Lockheed Martin announced an Undefinitized Contract Action worth about $1.28 billion to provide initial critical sustainment activities for a worldwide fleet while negotiations continue on a long-term contract to build enterprise capacity and affordability to support the future fleet of more than 3,000 F-35 aircraft. “This contract ensures F-35s remain ready to fly and accomplish the warfighter’s mission,” said Bill Brotherton, Lockheed Martin F-35 program acting vice president and […]
The Indian government reportedly will spend $2.5 billion to purchase C295 tactical transport aircraft from Airbus Defense, multiple news outlets reported. On Tuesday, Hindustan Times has reported that Airbus Defence and Space and Tata Advanced Systems Limited (TASL) will jointly execute the project to equip the Indian Air Force with new medium transport aircraft under the Make-in-India initiative in the aerospace sector. The possible deal, which covers 56 military transport aircraft, has an estimated value of $2.5 billion. – ADVERTISEMENT – CONTINUE READING BELOW – The new-generation tactical airlifter will replace Indian Air Force fleet of aging Avro-748 planes. Under the […]
U.S. defense contractor General Dynamics Corp. (GD) on Saturday has confirmed that its business unit General Dynamics Land Systems was awarded a $4.6 billion contract to produce M1A2 SEPv3 Abrams main battle tanks for the U.S. Army. According to the corporation, work locations and funding will be determined with each order, with an estimated completion date of June 17, 2028. The first delivery order is valued at an estimated $406 million. “We are pleased to continue our support to the Army on the modernization of the Abrams main battle tank,” said Don Kotchman, Vice President and General Manager of General Dynamics […]
The U.S. Army Contracting Command has awarded a contract worth nearly $4.6 billion to General Dynamics Land Systems Inc. for production of the latest version of Abrams main battle tanks, the U.S. Department of Defense announced this week. Abrams-maker General Dynamics Land Systems has been awarded a $4,6 billion contract to produce the M1A2 Systems Engineering Plan (SEP) version 3 (v3) main battle tanks, according to the U.S. Department of Defense contract announcements. Under the terms of the agreement, work locations and funding will be determined with each order, with an estimated completion date of June 17, 2028. – ADVERTISEMENT – CONTINUE […]
The U.S. Army Contracting Command has awarded a contract worth nearly $4.6 billion to General Dynamics Land Systems Inc. for production of the latest version of Abrams main battle tanks, the U.S. Department of Defense announced this week. Abrams-maker General Dynamics Land Systems has been awarded a $4,6 billion contract to produce the M1A2 Systems Engineering Plan (SEP) version 3 (v3) main battle tanks, according to the U.S. Department of Defense contract announcements. Under the terms of the agreement, work locations and funding will be determined with each order, with an estimated completion date of June 17, 2028. – ADVERTISEMENT – CONTINUE […]
The Pentagon has confirmed that industrial conglomerate Honeywell is to receive $1,1 billion for the Automotive Gas Turbine 1500 engine program. The deal, which was a modification to a previous contract, was worth almost $1,105,100,580 and covered production and support of AGT1500 turbine engines used by the U.S. Army, United States Marine Corps and National Guard to power the M1 Abrams fleet. Per the contract modification, work locations and funding will be determined with each order, with an estimated completion date of Sept. 30, 2025. – ADVERTISEMENT – CONTINUE READING BELOW – According to the Honeywell website, the AGT1500 engine provides […]
US Treasury Shelves $455 Billion In Unspent Stimulus November 26, 2020 US Treasury Shelves $455 Billion In Unspent Stimulus2020-11-262020-11-26https://popularresistance-uploads.s3.amazonaws.com/uploads/2017/12/popres-shorter.pngPopularResistance.Orghttps://popularresistance-uploads.s3.amazonaws.com/uploads/2020/11/mnuchin.jpg200px200px Above photo: Steve Mnuchin/ New York Times. Last week the US Treasury and the US Federal Reserve Bank engaged in a rare public disagreement. US Treasury Secretary, Mnuchin, in a letter to Jerome Powell, chair of the Federal Reserve, last week directed the Fed to return $455 billion that the Fed was holding in reserve should future lending to banks and non-bank businesses become necessary if the US economy and markets further deteriorate in 2021. Fed chair Powell initially balked at Mnuchin’s […]
Israeli blockade Has Cost Gaza $16.7 Billion November 26, 2020 Israeli blockade Has Cost Gaza $16.7 Billion2020-11-262020-11-26https://popularresistance-uploads.s3.amazonaws.com/uploads/2017/12/popres-shorter.pngPopularResistance.Orghttps://popularresistance-uploads.s3.amazonaws.com/uploads/2020/11/gaza-e1606437573234.jpg200px200px Above photo: Palestinian street vendors sell candy in Gaza City. Getty. Israel‘s blockade of the Gaza Strip cost the Palestinian enclave’s economy an estimated $16.7 billion in just over a decade, the United Nations said Wednesday. The coastal enclave has been under an Israeli-enforced blockade since 2007, the year the Islamist movement Hamas took power. In the 11 ensuing years, its economic situation deteriorated dramatically, the UN Conference on Trade and Development found in a new report. Between 2007 and 2018, “the estimated cumulative economic cost of the […]
The U.S. Department of Defense has contracted Northrop Grumman Systems Corp. for Global Hawk development, modernization, retrofit and sustainment activities for all Air Force Global Hawk variants. Deal worth more than $4,8 billion provides for management, including program, business and technical areas; engineering efforts, including configuration management, data management, reliability, availability and maintainability, and related areas of concern. “Additional, and more specific, guidance will be included within each individual delivery order/task order statement of work and performance work statement regarding these and other tasks,” the Department of Defense announced. “This contract provides flexibility to accommodate the broad enterprise of activities associated […]
Rheinmetall BAE Systems Land (RBSL) announced on Tuesday that it was awarded an £860 million ($1.1 billion) subcontract for the British Ministry of Defense’s Mechanised Infantry Vehicle program. As noted by the company, more than 260 Boxer vehicles to be produced in Telford. The subcontract, worth about £860 million, marks a significant milestone for the program, following the £2.3 billion ($3.8 billion) MIV contract awarded to ARTEC, the Rheinmetall and KMW consortium in December 2019. – ADVERTISEMENT – CONTINUE READING BELOW – The contract will create and sustain over 200 skilled jobs in and around Telford, with the complete programme creating […]
The U.S. Department of Defense just awarded aerospace giant Boeing a contract worth nearly $10 billion for F-15 fighter jet support for Saudi Arabia. The award, announced by the U.S. Department of Defense on Tuesday, covers modernization and sustainment of the F-15 Royal Saudi Air Force fleet to include such efforts as hardware, software, and interface design, development, integration, test, subsystem and structural component production and installation of future modifications and enhancements to the F-15 Saudi weapon system as well as product support. Per the contract, the ordering period for this contract is five years from the date of contract award […]
Pentagon has awarded General Dynamics a $4.4 Billion Defense Enterprise Office Solutions (DEOS) contract, according to a company news release. The details were given in a 3 November media release, to announce the General Dynamics Information Technology, a business unit of General Dynamics, was awarded the DEOS contract by the General Services Administration (GSA) in partnership with the Defense Department (DoD) and the Defense Information Systems Agency (DISA). DEOS will streamline the DoD’s use of cloud email and collaborative tools while enhancing cybersecurity and information sharing across the DoD’s enterprise based on the latest commercial technology. GDIT will stand up and […]
The U.S. State Department recently approved the potential sale to the United Arab Emirates of more than $10.4 billion worth of F-35A fighter jets. The U.S. Defence Security Cooperation Agency (DSCA), the Pentagon’s top arms broker, said Thursday it had notified Congress of a possible sale of 50 F-35A stealth fighter jets to the United Arab Emirates for $10.4 billion. According to the U.S. Defense Security Cooperation Agency, the complete package includes a wide range of other equipment aboard the aircraft, along with a Full Mission Trainer, training, logistics and support. – ADVERTISEMENT – CONTINUE READING BELOW – It is important […]
Although not a bulwark of the Norwegian economy, the tourism industry accounts for over 165,000 jobs in a nation of 5.4 million and corresponds to 1.8 percent of its GDP. According to new analysis by the Confederation of Norwegian Enterprise (NHO), total tourist consumption between January and August of 2020 fell by a staggering NOK 41 billion ($4.4 billion) compared with the same period last year, the news outlet Kampanje reported. The decline in tourist consumption was most significant among foreign tourists, with a 68% decline in the period – from NOK 46 billion (nearly $5 billion) to NOK 14 billion […]
Supporters of President Trump and Democratic presidential nominee Joe Biden wave flags prior to Biden’s arrival for a townhall in Miami, Florida. Chandan Khanna/AFP via Getty Images hide caption toggle caption Chandan Khanna/AFP via Getty Images Supporters of President Trump and Democratic presidential nominee Joe Biden wave flags prior to Biden’s arrival for a townhall in Miami, Florida. Chandan Khanna/AFP via Getty Images More than $1 billion has now been spent on TV ads for the 2020 presidential election in just 13 states, an NPR analysis of the latest ad spending data from the tracking firm Advertising Analytics finds. Most of […]
The People’s Bank of China (PBOC) said that 3.13 million transactions have been processed using the nation’s sovereign digital currency as part of a series of ongoing pilot programs in major cities such as Shenzhen and Xiongan. According to the bank’s deputy governor, Fan Yifei, the currency has been used for more than 1.1 billion yuan ($162 million) worth of transactions. Pilots will also be conducted at the Beijing Winter Olympics in 2022, he said. The pilot programs have made “positive progress,” with more than 6,700 use cases implemented as of late August for transactions ranging from bill payments and transport to government services. “PBOC regards […]
The Presidential Office of Ukraine has announced on Wednesday that was signed a Memorandum on enhancing cooperation between Ukraine and the United Kingdom in the military and military-technical spheres. The details were given in a 7 October media release, to announce Ukraine signed a memorandum with the United Kingdom, securing 1.25 billion pounds ($1.61 billion) to build new fast attack crafts for the Ukrainian Navy. “This should significantly increase the efficiency and reduce the time of implementation of joint projects in the defense sector, which is critical in the context of aggravation of the situation in the Black Sea region,” said […]
Ethereum’s highly anticipated 2.0 upgrade is poised to bring the network ever closer to fulfilling its original vision to be a “world computer” that plays host to a parallel, decentralized financial system. At Invest: Ethereum Economy on Oct. 14, we will address the ramifications for investors as decentralized finance takes the crypto world by storm. In a run-up to the event, our two-part CoinDesk Live: Inside the Ethereum Economy virtual miniseries on Oct. 8 and 12 introduces trending narratives we will break down at the main event: Why all the hype behind yield farming and food-inspired tokens? Should investors take them […]
In effort by Walmart, the world’s largest retailer, to reorganise its international businesses and hedge its bets on the online retail market, the US company has been in discussion with potential buyers to shift the enterprise to new hands. Two billionaire brothers from Blackburn will take majority of shares in Asda from Walmart in a £6.8 billion agreement announced on Friday, in a move that will bring the supermarket back under UK ownership for the first time in 20 years. The deal with the US-company concluded that Mohsin Issa, 49, and his brother 48-year old will take over the retail chain […]
Aerospace giant Boeing was awarded a $2,2 billion contract by the U.S. Air Force Life Cycle Management Center on 24 September to manufacture and deliver Small Diameter Bombs under a multiyear buy contracting arrangement. The contract, announced Thursday by the Department of Defense, is awadred under the Small Diameter Bomb Increment I weapon program. “This contract provides for a guaranteed minimum Lot 15 award and a five-year ordering period for Small Diameter Bomb Increment I, focused lethality munition, containers and carriages for the Department of Defense and Foreign Military Sales partner nations, according to a recent DoD statement. – ADVERTISEMENT – […]
Microsoft announced Monday that it will acquire ZeniMax Media, the parent company of popular video game publisher Bethesda, for $7.5 billion. Here, a Microsoft store is shown in March in New York City. Jeenah Moon/Getty Images hide caption toggle caption Jeenah Moon/Getty Images Microsoft announced Monday that it will acquire ZeniMax Media, the parent company of popular video game publisher Bethesda, for $7.5 billion. Here, a Microsoft store is shown in March in New York City. Jeenah Moon/Getty Images In what is set to be one of the largest ever acquisitions in the video game industry, Microsoft announced Monday that it […]
The Trump administration announced on Friday that it will award nearly $13 billion in infrastructure grants to Puerto Rico, to help the island recover from a hurricane that struck three years ago. Ramon Espinosa/AP hide caption toggle caption Ramon Espinosa/AP The Trump administration announced on Friday that it will award nearly $13 billion in infrastructure grants to Puerto Rico, to help the island recover from a hurricane that struck three years ago. Ramon Espinosa/AP Puerto Rico is being promised nearly $13 billion in federal disaster funding to repair its electrical and education infrastructure, three years after it was devastated by Hurricane […]
https://cdn1.img.sputniknews.com/img/106837/82/1068378266_0:156:3000:1844_1200x675_80_0_0_6b225cdfa80708003160e293e605bf42.jpg Sputnik International https://cdn2.img.sputniknews.com/i/logo.png Sputnik https://cdn2.img.sputniknews.com/i/logo.png https://sputniknews.com/us/202009181080496641-us-democratic-senators-unveil-350-billion-funding-package-to-counter-chinas-rise/ WASHINGTON (Sputnik) – Nearly a dozen US Senate Democrats have sponsored new legislation to fund efforts to counter China’s edge in areas such as manufacturing, technology, and science. A release from Senator Sherrod Brown’s office revealed that the proposal includes over $350 billion in new funding to synchronize and mobilize all aspects of US national power “Sponsored by 11 leading Democrats, the legislation is guided by four pillars: (1) invest in American competitiveness; (2) support American alliances and partners; (3) restore and advance a values-centered foreign policy, and (4) ensure China pays a price for […]
Texas highways are not and have never been strewn with homemade bombs. Yet Texas police have over 100 MRAPs, the armored vehicle with a blast-resistant hull that U.S. service members drove in Iraq and Afghanistan. Tennessee cops have 86 more. Ohio police have 43. It’s just one measure of how militarized American policing has become since 9/11. And it’s a component of a larger one. Police across the country still operate Pentagon-provided equipment, including lethal hardware, worth $1.6 billion, according to a new study from Brown University’s Cost of War Project. That number is an undercount—likely a substantial one—but it contains […]
https://cdn1.img.sputniknews.com/i/logo-itemprop.png Sputnik International https://cdn2.img.sputniknews.com/i/logo.png Sputnik https://cdn2.img.sputniknews.com/i/logo.png https://sputniknews.com/us/202009101080422142-us-senate-rejects-300-billion-republican-covid-19-aid-bill/ Republican and Democratic lawmakers are deadlocked over a proposed fifth funding package to help tackle the economic consequences of the coronavirus pandemic. The US Senate has rejected a $300 billion coronavirus aid bill proposed by the Senate Republican leadership with Democrats blocking the draft legislation during a procedural vote. To continue debates on the bill it needed to get 60 votes in favour but the Senate voted 52-47. Republican and Democratic lawmakers have been deadlocked over a fifth funding package to support individuals and businesses impacted by the coronavirus outbreak in the United States. […]
https://cdn1.img.sputniknews.com/img/107810/05/1078100585_0:26:3326:1896_1200x675_80_0_0_a72f4bdf15ad471d6f859fcd34b11c1a.jpg Sputnik International https://cdn2.img.sputniknews.com/i/logo.png Radhika Parashar. Sputnik International https://sputniknews.com/india/202009101080418922-richer-meets-richest-mukesh-ambani-may-offer-jeff-bezos-20-billion-stake-in-reliance-retail/ At a time when the global economy is struck by pandemic woes, India’s biggest industrialist Mukesh Ambani has been seeing huge investments in his Reliance Industries, one of India’s most valuable companies. In recent months, Ambani’s oil-to-telecom company has garnered investments worth over $15 billion from foreign firms. Mukesh Ambani, who is currently the world’s seventh richest person, is considering selling 40 a percent stake in Reliance Retail worth $20 billion to online marketplace giant Amazon, headed by the world’s richest person Jeff Bezos, LiveMint reported on Thursday citing sources familiar with the matter. […]
A $13.3 billion award has been given to defense contractor Northrop Grumman by the US Air Force amid the service’s engineering and manufacturing development (EMD) phase to replace its aging intercontinental ballistic missile (ICBM) nuclear delivery system. Northrop Grumman announced on Tuesday that the Virginia-based aerospace and defense contractor had been selected as the sole company to modernize the Air Force’s ICBM system under the Ground Based Strategic Deterrent (GBSD) program. The new missiles will replace the rapidly aging Minuteman III ICBMs, which have served as the silo-based arm of the US nuclear triad since the 1970s. The contractor detailed that […]
Romanesco broccoli, as seen by a 3.2 billion pixel camera. Scientists chose to take a picture of the broccoli because of its fractal shape. LSST Camera team/SLAC National Accelerator Laboratory/Rubin Observatory hide caption toggle caption LSST Camera team/SLAC National Accelerator Laboratory/Rubin Observatory Scientists and engineers in California are building a unique camera for a unique telescope. The Rubin Observatory telescope going up on Cerro Pachón in north-central Chile can capture an unusually large swath of sky in a single image. The camera capable of capturing those images has to be enormous. The one researchers are building at the SLAC National Accelerator […]
The cruiseliner industry had been enjoying “robust growth” since 2018 but the coronavirus pandemic has knocked it sideways. In March thousands of tourists were stranded on cruise ships in Latin America, the Caribbean and the Far East after COVID-19 was reported on board. The Cruise Lines International Association (CLIA) says the global shutdown caused by the coronavirus pandemic will cost the industry around US$50 billion and lead to the loss of 334,000 jobs. The cruise industry went into a tailspin in March when the virus was discovered on board several ships which were then forbidden from docking in countries on their itinerary. © AP Photo […]
https://cdn1.img.sputniknews.com/img/07e4/09/04/1080370900_0:0:3217:1809_1200x675_80_0_0_8e52657137f1fad2888b13254d051aa6.jpg Sputnik International https://cdn2.img.sputniknews.com/i/logo.png Sputnik https://cdn2.img.sputniknews.com/i/logo.png https://sputniknews.com/us/202009041080370931-trump-says-willing-to-use-300-billion-of-unspent-money-for-covid-19-stimulus/ WASHINGTON (Sputnik) – US President Donald Trump said he wants to release an unspent $300 billion to use for coronavirus financial relief if Congress approves the plan. “We have $300 billion in an account that we didn’t use. I would be willing to release it, subject to Congress, and use that as stimulus money, and it will go right to the American people”, Trump said in a press briefing on Friday. According to Trump, the money is “sitting” in an account that the government ended up not needing because of the positive economic indicators. […]
Governor Andrew Cuomo said he would only allow indoor dining to resume in New York City if the NYPD sets up a task force to enforce social distancing rules, as restaurants sue authorities for $2 billion, citing “irreparable harm.” Cuomo addressed reopening businesses in NYC and elsewhere during a press call on Thursday, saying “compliance and enforcement” would drive the state’s guidance on lifting sweeping shutdowns imposed to slow the spread of the coronavirus, especially when it comes to indoor eateries. “If we open restaurants that’s going to complicate by the hundreds if not thousands the number of establishments that have […]
The explosion that ripped through Beirut on 4 August aggravated Lebanon’s economic crisis and fuelled anti-government sentiment, which led to an early departure of the prime minister and his cabinet. The Beirut explosion caused between $3.8 billion and $4.6 billion in physical damage to the Lebanese capital, according to the World Bank’s preliminary assessment. The bank estimates that the additional decline in economic activity following the devastating blast was between $2.9 billion and $3.5 billion. Housing, transport and cultural assets are thought to be among the worst-hit sectors. Lebanon is estimated to need from $1.8 billion to $2.2 billion for public […]
Earlier on Sunday, British business leaders berated Health Secretary Matt Hancock for “scaremongering” talk about a possible second national lockdown that they said risks “untold damage” to businesses trying to recover from the first one. UK Treasury officials are considering a £30 billion ($40 billion) tax raid on the wealthy to fill a gap in the country’s finances caused by the COVID-19 crisis, The Sunday Times reports. The newspaper cited Chancellor of the Exchequer Rishi Sunak as saying that “the political reality is that the only place you can get the money is from the better-off; the polling shows this would […]
These Six Banks Have Frozen $4.6 Billion Belonging To Venezuelans By La IguanaTV/La Tabla. August 29, 2020 These Six Banks Have Frozen $4.6 Billion Belonging To Venezuelans2020-08-292020-08-29https://popularresistance-uploads.s3.amazonaws.com/uploads/2017/12/popres-shorter.pngPopularResistance.Orghttps://popularresistance-uploads.s3.amazonaws.com/uploads/2018/07/bull-by-arturo-di-modica_sam-valadi_flickr-1024×595.jpg200px200px Above photo: Charging Bull by Arturo Di Modica: “Wall Street icon” the symbol of aggressive financial optimism. Flickr/Sam Valadi. The looting, theft and hijacking of resources from Venezuela has been of great magnitude, six banks withhold under the excuse of US sanctions, around 4.6 billion dollars much needed by and belonging to the Venezuelans, currently facing a spike in Covid-19 cases. #Secuestro Seis bancos retienen, por medidas coercitivas impulsadas por el #proyectoGuaidó, cerca de 4 […]
The video-sharing app, which has 100 million active users in the United States alone, has fallen victim to the Trump administration’s standoff with China. The president previously accused TikTok, owned by the Chinese company ByteDance, of spying on its users at the behest of Beijing, a claim the company and the Chinese authorities have denied. TikTok will sell its US operations in the coming days as the company is finalising a deal, CNBC reported, citing people familiar with the matter. The agreement will also include the sale of its operations in Australia, Canada, and New Zealand and is estimated to be […]
https://cdn1.img.sputniknews.com/img/07e4/08/13/1080219823_0:94:3067:1819_1200x675_80_0_0_b13184018dfeab85b7991a5232c2d550.jpg Sputnik International https://cdn2.img.sputniknews.com/i/logo.png Sputnik https://cdn2.img.sputniknews.com/i/logo.png https://sputniknews.com/us/202008221080250239-house-approves-bill-to-provide-25-billion-to-us-postal-service/ US Senate Majority Leader McConnell has said that the Senate “will absolutely not pass” the bill providing $25 billion in support to the US Postal Service. After a vote in the House of Representatives, the document must first go to the Senate for approval, and then to the president for signature. The bill prohibits the US Postal Service from making any of the operational or service changes that were introduced on 1 January 2020. On Wednesday, House of Representatives Speaker Nancy Pelosi said that the bill for the US Postal Service would be passed in […]
Banks Have Made $18 Billion From ‘Paycheck Protection Program’ Processing Fees By Collen Boyle, In These Times. August 22, 2020 Banks Have Made $18 Billion From ‘Paycheck Protection Program’ Processing Fees2020-08-222020-08-22https://popularresistance-uploads.s3.amazonaws.com/uploads/2017/12/popres-shorter.pngPopularResistance.Orghttps://popularresistance-uploads.s3.amazonaws.com/uploads/2020/01/jpmorgan-chase-building-nyc_credit-ben-sutherland_creative-commons.jpg200px200px Fees paid to banks eclipse funding allocated to develop vaccines, provide medical supplies and feed children. Whether or not a single job or company is saved through the CARES Act’s Paycheck Protection Program (PPP), lenders will be paid hundreds of millions of dollars in taxpayer money. As of mid-July, PPP lenders, including JPMorgan Chase Bank, Bank of America and Wells Fargo, had racked up $18 billion in fees—more than was allocated to other programs […]
Winning is everything in Trump world, and the winner in the border wall fundraising scandal is a contractor who has ended up with more than $1.7 billion in federal contracts. Former Trump advisor Steve Bannon is said by prosecutors to have pocketed only a relatively modest $1 million. Brian Kolfage, who launched the “We Build the Wall” effort on GoFundMe allegedly got less than half that. Kolfage had pledged he would “not take a penny” and Bannon had declared himself “a volunteer.” Both now face fraud and money laundering charges that could result in serious time. Source link
https://cdn1.img.sputniknews.com/img/105999/68/1059996836_0:300:5760:3540_1200x675_80_0_0_8c5625c302753e20ac9bde5dabf2f9d1.jpg Sputnik International https://cdn2.img.sputniknews.com/i/logo.png Sputnik https://cdn2.img.sputniknews.com/i/logo.png https://sputniknews.com/us/202008051080061878-walt-disney-company-loses-47-billion-amid-covid-19-pandemic/ WASHINGTON (Sputnik) – The Walt Disney Company in a press release revealed that the company lost $4.7 billion in its third quarter of the fiscal year. Data in the release on Tuesday showed that Disney lost a net income of roughly $4.72 billion in its third quarter which ended on 27 June. The loss in revenue is due to pandemic restrictions at parks and other public places, suspending cruise ship sailings and guided tours and delaying or canceling theatrical releases and stage play performances. “Despite the ongoing challenges of the pandemic, we’ve continued to build […]
New Delhi (Sputnik): As COVID-19 has slowed down the Indian economy, the government’s revenue collections have not been matching the pandemic-induced expenditures. The government needs funds to roll out a $12 billion economic stimulus package without inflating the fiscal deficit beyond a certain level. The Indian government is planning to sell a part of its stake in some select state-owned banks to raise $3.3 billion amid the challenges posed to the revenues during the pandemic. Sources in the Indian Ministry of Finance told Sputnik on condition of anonymity that the government has held discussions on the matter with the banking regulator, […]
Imperialist Economic War Costs US Almost $200 Billion By Pasqualina Curcio, People’s Voice. July 29, 2020 Imperialist Economic War Costs US Almost $200 Billion2020-07-292020-07-29https://popularresistance-uploads.s3.amazonaws.com/uploads/2017/12/popres-shorter.pngPopularResistance.Orghttps://popularresistance-uploads.s3.amazonaws.com/uploads/2020/07/venezuela-defend-the-homeland-indestructible-e1596040182366.jpg200px200px Above photo: Venezuela Defend the Homeland, Indestructible, from Peoples World. Quantifying each and every one of the effects of the war that imperialism has declared on the Venezuelan people is impossible. The attacks that Venezuelans have experienced since 1999 have not only been economic, they have also been psychological. There is no way to measure the consequences of the hatred that the undemocratic opposition has sown with its anti-socialist propaganda, to the point of burning people alive if […]
The logo of German car maker Volkswagen is seen on flags fluttering in front of a car dealer in Hamm, western Germany, on May 25. One of VW’s many legal settlements over the Dieselgate scandal has finally been carried to its conclusion, the FTC says. Ina Fassbender/AFP via Getty Images hide caption toggle caption Ina Fassbender/AFP via Getty Images The logo of German car maker Volkswagen is seen on flags fluttering in front of a car dealer in Hamm, western Germany, on May 25. One of VW’s many legal settlements over the Dieselgate scandal has finally been carried to its conclusion, […]
The total value of ether locked in DeFi’s oldest project has surpassed $1 billion for the first time. Source link
Trump Administration Announces New Resources to Protect Nursing Home Residents Against COVID-19 CMS.gov Press Release As part of the unprecedented efforts taken by the Trump Administration, President Trump today announced several new Centers for Medicare & Medicaid Services (CMS) initiatives designed to protect nursing home residents from coronavirus disease 2019 (COVID-19). “From the moment the threat of this virus materialized, the Trump Administration has placed a priority on protecting nursing home residents,” said CMS Administrator Seema Verma. “Today’s multi-pronged intervention represents the latest efforts in fulfilling that unwavering commitment. As caseloads continue to increase in areas around the country, it has […]
https://cdn1.img.sputniknews.com/img/107983/46/1079834663_0:212:3000:1900_1200x675_80_0_0_23eb2f84c97faffa796dfb8c839e91f1.jpg Sputnik International https://cdn2.img.sputniknews.com/i/logo.png Sputnik https://cdn2.img.sputniknews.com/i/logo.png https://sputniknews.com/world/202007221079949463-canadian-parliament-approves-extension-amendment-to-62-billion-covid-19-wage-subsidy-program/ TORONTO (Sputnik) – Canada’s House of Commons has approved the Trudeau government’s proposed extension and an amendment to the Emergency Wage Subsidy in response to the novel coronavirus pandemic, House Speaker Anthony Rota said at the conclusion of the parliamentary session. With the new provisions and adjustments, the program is expected to cost taxpayers $62.12 billion in the fiscal year 2020-21. “Bill C-20 – an Act respecting further COVID-19 measures – is deemed considered in Committee of the Whole, deemed reported without amendment, deemed concurred in at report stage, deemed read a third time, […]
On Thursday, the New York Times reported that the Trump administration was considering introducing across-the-board travel restrictions against members of China’s Communist Party and their families, with the reported proposal targeting as many as 270 million people. China’s Foreign Ministry has dismissed the contents of a report suggesting that Washington is preparing to introduce travel restrictions against members of the Chinese Communist Party (CPP), saying the idea as “absurd” if the report is accurate. “If the report is true, then the US is publicly choosing to be in opposition with 1.4 billion Chinese people,” Foreign Ministry spokeswoman Hua Chunying told reporters […]
The Coronavirus Aid, Relief, and Economic Security (CARES) Act , a $2 trillion economic stimulus bill signed into law by President Trump in March in response to the economic fallout from the COVID-19 pandemic, provides for a Paycheck Protection Program extending forgivable loans to small businesses. World banks are looking to siphon off some $18 billion in fees for facilitating the settlement of small business relief loans under the Paycheck Protection Program (PPP) that originated from the Coronavirus Aid, Relief, and Economic Security (CARES) Act, the Washington Center for Equitable Growth’s (WCEG) policy director, Amanda Fischer, is cited by The Intercept […]
https://cdn1.img.sputniknews.com/img/107636/88/1076368874_0:4:1200:679_1200x675_80_0_0_25b4de77adb4e4130dbaab24c2133123.jpg Sputnik International https://cdn2.img.sputniknews.com/i/logo.png Sputnik https://cdn2.img.sputniknews.com/i/logo.png https://sputniknews.com/india/202007151079888899-google-to-pick-up-77-stake-in-reliances-jio-platforms-for-45-billion—mukesh-ambani/ New Delhi (Sputnik): Backed by a series of global investments in Reliance Industries’ telecom arm, Jio Platforms, India’s wealthiest corporate leader, Mukesh Ambani, now ranks sixth among the world’s top billionaires, ahead of Google co-founder Larry Page and Warren Buffet. Addressing its 43rd Annual General Meeting in Mumbai on Wednesday, chairman of Reliance Industries Ltd Mukesh Ambani said Google will invest $4.5 Billon in the telecom arm of India’s Reliance Industries, Jio Platforms. Google will pick up a 7.7 percent stake in in Jio Platforms, Ambani added. This is the fourteenth major global investment […]
Google and its parent company Alphabet Inc have been accused of pervasively – and illegally – tracking the activities of millions of people even when they turn tracking off in a lawsuit demanding $5 billion in damages. Filed with a US district court in San Jose on Tuesday, the complaint states that Google has violated the American federal wiretap law and the California privacy law by collecting information about what people look at in the news, search for online or do in their mobile apps – even when they turn off tracking in their account settings or switch browsers to private […]
The president of metal giant Norilsk Nickel and Russia’s richest man, Vladimir Potanin, has seen his fortune reduced by $4.1 billion after two environmental disasters in Russia’s far north, according to business magazine Forbes. On May 29, about 20 thousand tons of diesel leaked from a thermal power plant owned by Norilsk-Taimyr Energy Company, a Norilsk Nickel subsidiary. The fuel entered into the soil and contaminated reservoirs responsible for supplying the area’s residents with clean water. Following this disaster, on July 12, almost 45 tons of aviation fuel leaked from a pipeline in the Krasnoyarsk Region, inside the Arctic Circle. The […]
https://cdn1.img.sputniknews.com/img/107603/42/1076034258_0:69:3395:1979_1200x675_80_0_0_a2521e8c051af097bc4f5dcd7f86200e.jpg Sputnik International https://cdn2.img.sputniknews.com/i/logo.png Sputnik https://cdn2.img.sputniknews.com/i/logo.png https://sputniknews.com/military/202007101079842198-over-100-f-35-fighter-jets-to-be-sold-to-japan-for-more-than-231-billion-pentagon-says/ WASHINGTON (Sputnik) – The US State Department has approved a possible $23.11 billion sale of 105 F-35 Joint Strike Fighter aircraft to Japan, the Pentagon’s Defence Security Cooperation Agency said in a press release. “The State Department has made a determination approving a possible Foreign Military Sale to the Government of Japan of one hundred five (105) F-35 Joint Strike Fighter aircraft and related equipment for an estimated cost of $23.11 billion”, the release said on Thursday. The government of Japan has requested 63 F-35A variant aircraft and 42 F-35b variant aircraft, 110 Pratt and […]
Car manufacturer Tesla has seen a rise in stock value in recent weeks following shock sales amid the coronavirus pandemic, which has crashed emand for automobiles. The surprise increase saw owner Elon Musk granted a Chief Executive Officer Elon Musk could pocket up to $1.8 billion in a day due to Tesla Inc’s stock surge, which would be the second big gain from the electric car manufacturer in around two months. Driven by a surprise increase in car deliveries, Tesla’s shares have increased over 40% in the past seven sessions, increasing market capitalization for the company to $259 billion. Tesla’s average […]
TORONTO (Sputnik) – Providing a guaranteed basic income for Canadians struggling with the economic impact of the COVID-19 pandemic could cost the government up to $72 billion, the Office of the Parliamentary Budget Officer said in a report. “The total estimated gross cost of the defined guaranteed basic income would range between $47.5 billion [$34.92 billion USD] and $98.1 billion [$72.12 billion USD] based on the three scenarios for the six-month period from October 2020 to March 2021”, the report said on Tuesday. The plan takes into consideration a phasing-out rate of 0.50, 0.25, and 0.15 Canadian dollars for each dollar […]
Rashad Robinson, president of Color of Change, one of the groups organizing an advertising boycott of Facebook for the month of July. Dimitrios Kambouris/Getty Images hide caption toggle caption Dimitrios Kambouris/Getty Images Rashad Robinson, president of Color of Change, one of the groups organizing an advertising boycott of Facebook for the month of July. Dimitrios Kambouris/Getty Images When the Stop Hate for Profit campaign launched just two weeks ago, its organizers had not yet persuaded a single advertiser to boycott Facebook in July. Now, more than 400 companies, from Coca-Cola and Adidas to Ford and Lego, have vowed to halt advertising […]
The largest black hole known to astronomers is Abell 85, which has a mass 40 billion times that of our sun. However, scientists now say that it might have a real competitor. Astronomers have calculated the size of a supermassive black hole, which turned out to be 34 billion times the mass of the Sun and “the most luminous” quasar ever detected, a study published by the Monthly Notices of the Royal Astronomical Society revealed. The black hole, named J2157, was firstly discovered in 2018 by researchers from the Australian National University, however, the extent of its mass was unknown. “We […]
According to the new plan, which is intended to save the ailing flag carrier, the Danish and Swedish state, its major shareholders, will increase their ownership to about 20 percent each; the move has been described as a “double-edged sword” by analysts. Pan-Scandinavian airline SAS has unveiled a plan to raise around SEK 12 billion ($1.3 billion or €1.1 billion) in new funds in order to dampen the drastic impact of coronavirus. SAS CEO Rickard Gustafson was relieved as he presented the rescue plan, the newspaper Göteborgs-Posten reported. Earlier in June, the company said it needed SEK 12.5 billion in new […]
The U.S. Missile Defense Agency awarded a massive production contract to Raytheon Missiles & Defense, worth up to $2.3 billion, for seven gallium nitride (GaN)-based Army/Navy Transportable Radar Surveillance (AN/TPY-2) radars. The AN/TYP-2 system, commonly referred to as “Tippy-two,” is a part of the Terminal High Altitude Area Defense (THAAD) system, which is designed to protect against incoming ballistic missile threats. It has two modes – one to detect ballistic missiles just after launch, and another that can guide interceptors toward a descending warhead. The contract is part of a foreign military sale to the Kingdom of Saudi Arabia, according to Raytheon […]
De Blasio’s New York City Shootings are up 51% in New York City year over year.Rioters trashed the the city earlier this month.And De Blasio killed the business community during his COVID-19 lockdown. Advertisement – story continues below But De Blasio is going to cut $1 billion from the police force. Get out while you can. TRENDING: MUST READ… Report: Tulsa Arena Management Sabotaged Trump Rally Attendance Source link
Plummeting Facebook shares have wiped out billions of founder and CEO Mark Zuckerberg’s personal wealth. The impetus? Corporations such as Coca-Cola and Verizon have pulled their ads, demanding that Facebook censor hate speech. Zuckerberg lost $7.2 billion, after Facebook’s shares fell by 8.3 percent on Friday, Bloomberg reported. The dive in value happened after Unilever, one of the largest advertisers in the world, joined the list of major companies that suspended their ad campaigns on Facebook and its subsidiary Instagram. At around the same time, Coca-Cola said it was also pulling all its social-media advertising for 30 days. More than 120 […]
https://cdn1.img.sputniknews.com/img/106242/37/1062423724_0:214:4100:2520_1200x675_80_0_0_2dc970b8b3f13577092af79ad35df32c.jpg Sputnik International https://cdn2.img.sputniknews.com/i/logo.png Sputnik https://cdn2.img.sputniknews.com/i/logo.png https://sputniknews.com/us/202006271079736987-us-house-of-representatives-committee-proposes-38-billion-to-fund-anti-russia-measures-in-2021/ WASHINGTON (Sputnik) – The United States House of Representatives Armed Services Committee has proposed allocating $3.8 billion to fund anti-Russia measures in the 2021 fiscal year, according to the committee’s National Defence Authorization Act proposal. “The proposal provides an additional $3.789 billion for strategic sealift, satellite communications, refueling, submarine, and antisubmarine warfare capabilities that enhance deterrence against Russia”, the document read. Additionally, officials in Washington are pushing to limit any military cooperation between the US and Russia, although exceptions will be made for the purposes of building dialogue that will reduce the risk of […]
A new survey by the International Trade Centre (ITC) has found that international trade dropped across all four quarters of 2019, with declines intensifying in early 2020 in a “ripple effect that started in China.” According to the report, Chinese exports sank around 21 percent in February compared with a year earlier. While they recovered slightly in March, the pandemic started hitting exports from other countries. Statistics showed that exports from European countries and the United States decreased by eight percent and seven percent respectively, year on year. “The full effects of the crisis are not yet visible, as most countries […]
https://cdn1.img.sputniknews.com/img/107973/24/1079732440_0:316:3077:2047_1200x675_80_0_0_fe75101d615aa464e897b4ac1887d01b.jpg Sputnik International https://cdn2.img.sputniknews.com/i/logo.png Sputnik https://cdn2.img.sputniknews.com/i/logo.png https://sputniknews.com/military/202006261079732405-raytheon-wins-contract-worth-over-22-billion-to-sell-mobile-radars-to-saudi-arabia/ WASHINGTON (Sputnik) – Raytheon Integrated Defence Systems has won a more than $2.2 billion Missile Defence Agency contract under the Foreign Military Sales program to sell Saudi Arabia seven mobile radars, the Department of Defence said in a press release. “Raytheon Integrated Defence Systems of Woburn, Massachusetts is being awarded a sole-source contract in the amount of $2,271,181,543 under the Foreign Military Sales (FMS) program to the Kingdom of Saudi Arabia”, the release said on Friday. Under the contract, Raytheon will provide seven Army/Navy Transportable Surveillance and Control Model 2 radars, radar spares, obsolescence […]
https://cdn1.img.sputniknews.com/img/107972/28/1079722892_0:0:3072:1728_1200x675_80_0_0_55e2b36135b5f381291923d25abafe56.jpg Sputnik International https://cdn2.img.sputniknews.com/i/logo.png Sputnik https://cdn2.img.sputniknews.com/i/logo.png https://sputniknews.com/military/202006251079722921-pentagon-awards-nearly-1-billion-in-drone-contracts-to-support-special-forces/ WASHINGTON (Sputnik) – The US military awarded six contracts worth nearly $1 billion combined for spy drone services for Special Forces, the Defence Department said in a statement. “Six… contracts with a maximum combined ceiling of $975,000,000 for Mid-Endurance Unmanned Aircraft Systems IV intelligence, surveillance and reconnaissance services in support of US Special Operations Command enterprise requirements worldwide”, the release said on Thursday. According to the release, the purchase supports competition at the task-order level to ensure the most capable platforms and payloads provide real-time, responsive airborne intelligence, surveillance and reconnaissance solutions to Special […]
https://cdn1.img.sputniknews.com/i/logo-itemprop.png Sputnik International https://cdn2.img.sputniknews.com/i/logo.png Sputnik https://cdn2.img.sputniknews.com/i/logo.png https://sputniknews.com/uk/202006251079718783-huawei-granted-permission-to-build-1-billion-pound-research-facility-in-england-tech-giant-says/ Source link
Bayer says a settlement worth more than $10 billion will resolve most of the roughly 125,000 claims the company currently faces over its Roundup product. Here, a farmer sprays the glyphosate herbicide in northwestern France in September. Jean-François Monier/AFP via Getty Images hide caption toggle caption Jean-François Monier/AFP via Getty Images Bayer says a settlement worth more than $10 billion will resolve most of the roughly 125,000 claims the company currently faces over its Roundup product. Here, a farmer sprays the glyphosate herbicide in northwestern France in September. Jean-François Monier/AFP via Getty Images Bayer will pay more than $10 billion to […]
MOSCOW (Sputnik) – German pharma giant Bayer said Wednesday it will pay up to $10.9 billion to settle a raft of lawsuits against its US affiliate Monsanto’s weedkiller Roundup, accused of causing cancer. “Company will make a total payment of $10.1 billion to $10.9 billion… to resolve current and address potential future Roundup litigation”, a statement read. Bayer bought Monsanto, a herbicide and genetically modified seed producer, in 2018, three years after the first lawsuits were filed. “First and foremost, the Roundup™ settlement is the right action at the right time for Bayer to bring a long period of uncertainty to […]
Bitcoin’s (BTC) derivatives continue to grow despite light spot trading over the past two months. The cryptocurrency’s options market is on its way to a record $1 billion monthly expiry this Friday. At press time, there are 114,700 option contracts (notional value of over $1 billion) set to expire on June 26 across major exchanges – Deribit, CME, Bakkt, OKEx, LedgerX – according to data provided by the crypto derivatives research firm Skew. Options open interest by expirySource: Skew Options are derivative contracts that give buyers the right but not obligation to buy or sell the underlying asset at a predetermined price […]
G-type main-sequence stars, often called yellow dwarfs, may indeed hide a plethora of planets drawn to them, yet it still remains to be seen if any of them, perfectly resembling our Solar System, are compatible with life. After years of exoplanet-hunting, researchers have made a breakthrough calculation suggesting there could be a myriad, as many as 6 billion, Earth-like planets orbiting Sun-like stars in the Milky Way, according to a study published in The Astronomical Journal. “My calculations place an upper limit of 0.18 Earth-like planets per G-type star”, said astronomer Michelle Kunimoto from the University of British Columbia (UBC) in Canada, […]
BRUSSELS (Sputnik) – The European Union has mobilized nearly one billion euros ($1.1 billion) in funds and equipment to help the countries of the Eastern Partnership combat the epidemiological and economic impacts of the COVID-19 pandemic, European Commissioner for Neighbourhood and Enlargement Oliver Varhelyi said Thursday. “During the pandemic, we have mobilized almost one billion euros in help. We have tried to do it as fast as we could”, Varhelyi said at a press conference after an informal meeting of the Eastern Partnership foreign ministers. According to the commissioner, the EU’s support was divided into three separate streams, which included immediate […]
Pentagon’s No.1 weapons supplier Lockheed Martin Corp has won a contract modification for the production and supply of new Phased Array Tracking Radar for the Patriot PAC-3 surface-to-air missile defense system. The contract modification, from U.S. Army Contracting Command and announced on Wednesday, is valued at more than $1,04 billion. The company contracted for incidental services, hardware, facilities, equipment, and all technical, planning, management, manufacturing, and testing efforts to produce Phased Array Tracking Radar to Intercept on Target Advanced Capability-3 missiles. PAC-3 is a surface-to-air missile defense system, which provides a highly reactive hit-to-kill capability in both range and altitude while […]
The U.S. Department of Defense said Wednesday that General Dynamics Land Systems won a $2,47 billion contract for the production of new double V-hull Strykers vehicles. The contract, from U.S. Army Contracting Command, is covered the production of Stryker Double V-Hull A1 engineering change proposal vehicles. In a statement, the DoD said the work locations and funding will be determined with each order, with an estimated completion date of April 30, 2027. – Advertisement – The double-V hull design provides improved protection from improvised explosive devices and also adds enhanced armor, wider tires and seats that reduce the shock from a […]
https://cdn1.img.sputniknews.com/img/106303/18/1063031813_0:312:5103:3183_1200x675_80_0_0_06bbbd0fc037b37481b3b994cbf2d8fc.jpg Sputnik International https://cdn2.img.sputniknews.com/i/logo.png Sputnik https://cdn2.img.sputniknews.com/i/logo.png https://sputniknews.com/science/202006111079580628-lockheed-martin-wins-1-billion-contract-to-make-patriot-missiles-for-7-allies/ WASHINGTON (Sputnik) – Lockheed Martin has won a more than $1 billion US Army modification contract to produce Phased Array Tracking Radar to Intercept on Target Advanced Capability-3 (PAC-3) missiles for seven allied nations, the US Department of Defence announced in a press release. “Lockheed Martin Corporation of Grand Prairie, Texas, was awarded a $1,042,250,000 modification contract for … all technical, planning, management, manufacturing, and testing efforts to produce Phased Array Tracking Radar to Intercept on Target Advanced Capability-3 missiles”, the release said on Wednesday. The Defence Department said the missiles will be sent […]
WASHINGTON(Sputnik) – General Dynamics Land Systems has won a US Army order for more upgraded Stryker Double V-Hull A1 armored fighting vehicles, the Department of Defence announced in a press release. “General Dynamics Land Systems of Sterling Heights, Michigan, was awarded a $2,477,329,768 fixed-price-incentive contract for the production of Stryker Double V-Hull (DVH) A1 engineering change proposal vehicles”, the release stated on Wednesday. The Defence Department said work on the contract is estimated to take just under seven years with an estimated completion date of 30 April 2027. The Interim Armored Vehicle (IAV) Stryker is a family of eight-wheeled armored fighting […]
Sport 08:43 GMT 07.06.2020(updated 08:44 GMT 07.06.2020) Get short URL The captain of Portuguese national team has recently been pronounced Instagram’s top earner, due to a jaw-dropping price tag on his sponsored posts on the platform, which equals roughly $1 million. His Barcelona rival Lionel Messi took second place. Juventus forward Cristiano Ronaldo was named by Forbes the first soccer player in history to have managed to nail $1 billion in earnings across his career, with captain of the Argentina team Lionel Messi poised to become the second. According to the 2020 Forbes Celebrity 100 list of world’s highest-paid A-listers, Ronaldo […]
General Dynamics Ordnance and Tactical Systems, a subsidiary of General Dynamics, was awarded a $3,4 billion contract by the U.S. Army Contracting Command on 29 May for Hydra 70 rockets. The contract, announced Friday by the Department of Defense, covers production and engineering services for Hydra-70 rocket systems. Bids were solicited via the internet with one received. Also added that work locations and funding will be determined with each order, with an estimated completion date of Sept. 30, 2026. Hydra 70 rocket used primarily in the air-to-ground role. It can be equipped with a variety of warheads, and in more recent […]
General Dynamics Ordnance and Tactical Systems, a subsidiary of General Dynamics, was awarded a $3,4 billion contract by the U.S. Army Contracting Command on 29 May for Hydra 70 rockets. The contract, announced Friday by the Department of Defense, covers production and engineering services for Hydra-70 rocket systems. Bids were solicited via the internet with one received. Also added that work locations and funding will be determined with each order, with an estimated completion date of Sept. 30, 2026. Hydra 70 rocket used primarily in the air-to-ground role. It can be equipped with a variety of warheads, and in more recent […]
With the US economy reeling from the effects of the coronavirus pandemic, the Senate Foreign Relations Committee agreed to give Israel a minimum of $3.8 billion in military aid per year. A full vote on the gift is expected soon. The US unemployment rate now stands at 14.7 percent, the worst figure since records began. Nearly 39 million Americans have lost their jobs since the coronavirus reached US shores in late January, and the Congressional Budget Office warned on Tuesday that the US economy won’t recover from its current contraction until after next year. Moreover, the federal government’s financial relief packages […]
Health Editor’s Note: I would suggest that Trump is woefully late on this…..For nursing care facilities to not have adequate supplies of PPEs added to the rampant spread of COVID-19 in these healthcare settings…..Carol HHS Announces Nearly $4.9 Billion Distribution to Nursing Facilities Impacted by COVID-19 HHS News Release Today (22nd), the U.S. Department of Health and Human Services (HHS) is announcing it has begun distributing billions in additional relief funds to skilled nursing facilities (SNFs) to help them combat the devastating effects of this pandemic. Nursing homes play a pivotal role in providing skilled care to our nation’s vulnerable seniors. […]
Kiev should “insist” that NATO pays out $200 billion for Ukraine’s decision to abandon nuclear weapons more than a quarter of a century ago, a former Ukrainian lawmaker said, arguing that the move saved the alliance a fortune. Back in the mid-1990s Ukraine ditched the nuclear arsenal that it inherited from the Soviet Union in exchange for security guarantees provided by the US, the UK and Russia as part of the so-called Budapest Memorandum. Now, the time has come for Kiev’s “Western partners” to pay up – in cash – Andrey Senchenko, a former Verkhovna Rada deputy and interim deputy head […]
German Chancellor Angela Merkel and French President Emmanuel Macron hold a joint news conference via video on Monday to propose a European Union coronavirus recovery fund of 500 billion euros. Pool/Getty Images hide caption toggle caption Pool/Getty Images German Chancellor Angela Merkel and French President Emmanuel Macron hold a joint news conference via video on Monday to propose a European Union coronavirus recovery fund of 500 billion euros. Pool/Getty Images Germany and France have proposed the creation of a fund of 500 billion euros (more than $540 billion) to support the recovery of the European Union’s coronavirus-stricken economies. The fund would […]
So here is today’s latest Democrat-Liberal media scandal… The fired State Department Inspector General Steve Linick was investigating the Trump administration’s use of emergency powers to sell weapons to Saudi Arabia despite congressional opposition, according to a senior Democratic lawmaker. Pompeo recommended the the far left IG’s firing. The IG was also looking into whether Pompeo used staff to run personal errands, including walking his dog!WOW! This is the kind of harassment that continues against this Republican president. TRENDING: Pelosi’s Latest $3 Trillion Stimulus Plan Is Unlawful — Supreme Court Decision 10 DAYS AGO Makes it a Felony to Give Free […]
France and Germany have agreed on establishing a joint European recovery fund amounting to €500 billion (US$543 billion) that will be given out as grants to the economic sectors and regions most affected by the Covid-19 pandemic. German Chancellor Angela Merkel and French President Emmanuel Macron have announced a joint initiative aimed at helping the European Union recover from the devastation the novel coronavirus pandemic has inflicted on its economy. The plan involves allocating a vast sum for the specialized recovery fund within the next Multiannual Financial Framework (MFF) – a seven-year program regulating annual EU budgets. Also on rt.com EU […]
World 11:32 GMT 17.05.2020Get short URL In early April, Secretary-General Antonio Guterres said that the United Nations was facing a cash crisis due to non-payment of dues by some member states, something that he added had been aggravated by the ongoing coronavirus pandemic. China’s UN Mission acting deputy envoy Yao Shaojun has berated the US for being the organisation’s “largest debtor”, and claimed that Washington owes about $1.16 billion and $1.3 billion to the UN’s regular and peacekeeping operations budgets, respectively. Yao referred to the US arrears as he spoke earlier this week at a UN General Assembly budget committee meeting, […]
The US Department of Defense is requesting congressional authorization to strike a potential $17.7 billion deal with General Dynamics for two nuclear-powered, Columbia-class ballistic missile submarines. Amid lawmakers’ drafting of the 2021 National Defense Authorization Act, the Pentagon has requested Congress grant the department permission to secure two of the US Navy’s new Columbia-class subs via an estimated $17.7 billion deal with General Dynamics. The proposal would “permit the Navy to enter into one block buy contract for up to two Columbia-class submarines (SSBN 826 and SSBN 827), providing industrial base stability, production efficiencies, and cost savings when compared to an […]
U.S. aerospace giant Boeing Co. has secured a $1,9 billion Stand-off Land Attack Missile – Expanded Response (SLAM-ER) contract from the U.S. Naval Air Systems Command for Saudi Arabia. The U.S. Department of Defense announced a contract to provide non-recurring engineering associated with the SLAM-ER obsolescence redesign effort as well as the production and delivery of 650 SLAM-ER missiles in support of the government of Saudi Arabia. In a statement Wednesday, the DoD said that work is expected to be complete by December 2028. SLAM-ER, a derivative of Harpoon, is an air-dropped surgical strike weapon against high-value land targets or ships […]
A team of researchers are peering into what the solar system may have looked like in its earliest stages, unlocking answers about the formation of amino acids – and ultimately life as we know it – by analyzing ancient space rocks. The new findings – reported by an international group of scientists led by the Royal Ontario Museum (ROM) – were published this week in the Proceedings of the National Academy of Sciences journal. Performing an atom-by-atom analysis of the Tagish Lake meteorite that spectacularly arrived on Earth back in 2000 the team was able to get an idea of what […]
Some 24,000 Android applications have been leaking sensitive data – including mobile phone numbers and passwords – through improperly configured storage on Google’s Firebase development platform, a new study has found. The critical lack of security was uncovered by a research team at Comparitech.com, an expert group focusing on information security and privacy. The Firebase platform is the most popular storage solution for Android apps, used by almost a third of all the applications available on the Google Play Store. The researchers sampled a whopping 515,735 of the apps – around 18 percent of all the programs available on the Store […]