This is a variant of the Hellfire missile called the R9X. The secret missile has no warhead and is used by the U.S. to reduce civilian casualties by using kinetic energy. A regular Hellfire missile with a warhead has a kill radius of 50 feet. The R9X has a kill radius of about 10 to 15-feet thanks to blades that flip outward just before impact. The footprint covers the interior of a vehicle, or in this case, Al-Qaeda deputy leader Abu al-Khayr al-Masri’s KIA Optima as seen in the picture. You can see the blade marks from the R9X highlighted in red. It’s like dropping an anvil from the sky … [Read more...]
Worthy Reads: Venezuelans gather for mass march against Maduro
Slowdown in State, Local Investment Dents U.S. Economy (WSJ) ‘High pressure economy’ may punish both stocks and bonds in 2017 (MarketWatch) Google puts the brakes on Fiber and plans for layoffs (Money) Macroprudential policies, the long-term interest rate and the exchange rate (BIS) Venezuelans gather for mass march against Maduro (FT) … [Read more...]
Worthy Reads: Apple sales likely to fall again despite Samsung woes
Silicon Valley Decides It’s Just Too Hard to Build a Car (Bloomberg) Fed’s Task Ahead: How Best to Signal Year-End Rate Move (WSJ) U.S. Retail Banks Under Scrutiny After Wells Scandal (WSJ) Apple sales likely to fall again despite Samsung woes (MarketWatch) Obamacare Premiums for 2017 Jumped 25% on Healthcare.gov (Forbes) … [Read more...]
Worthy Reads: U.S. economy getting dangerously close to recession?
Existing-home sales jump higher in September, helped by first-time buyers (MarketWatch) The U.S. Unleashes the Full Power of Shale (Bloomberg) SEC preparing major review of exchange traded fund industry (FT) ECB keeps rates at record lows (FT) U.S. economy getting dangerously close to recession? (FoxBusiness) … [Read more...]
Worthy Reads: Why gold will rise no matter who becomes the next U.S. president
China Holdings of U.S. Treasuries Drop to Almost Four-Year Low (Bloomberg) Saudis Launch Sale of $17.5 Billion in Bonds Amid Oil Glut (WSJ) Four Nations Are Winning the Global War for Talent (WSJ) Why gold will rise no matter who becomes the next U.S. president (MarketWatch) Good News: China Is Fabricating GDP Statistics Again (Forbes) … [Read more...]
Worthy Reads: Fed’s Fischer Warns of Risk to Running Too High-Pressure Economy
Investor Cash Levels Jump Toward Levels Not Seen Since 9/11 (Bloomberg) Fed’s Fischer Warns of Risk to Running Too High-Pressure Economy (Bloomberg) Central Bankers Rejoice: There Are Signs That Inflation Is Actually Arriving (Bloomberg) Why High Earners Are Likely to See Higher Medicare Premiums in 2017 (WSJ) Student loan debt to obtain bachelor’s degree continues to swell (MarketWatch) … [Read more...]
Worthy Reads: Resolving China’s Corporate Debt Problem
Why the Economy Doesn’t Roar Anymore (WSJ) Forget OPEC: We’re Getting Close to Peak Oil Demand (Bloomberg) Big Central Bank Assets Jump Fastest in 5 Years to $21 Trillion (Bloomberg) Resolving China’s Corporate Debt Problem (IMF) Expanding the boundaries of monetary policy in Asia and the Pacific (BIS) … [Read more...]
Worthy Reads: You Can Eat Gluten Again, America
Fed’s Yellen sees some possible benefits from running economy with tight labor market (MarketWatch) Fed may have to hike interest rates faster, Rosengren says (MarketWatch) You Can Eat Gluten Again, America (Bloomberg) U.S. Producer Prices Rose 0.3% in September (WSJ) Investors regain appetite for US oil (FT) … [Read more...]
Worthy Reads: Detroit residents are drowning in debt
The 'gig economy' is growing — and now we know by how much (CNBC) Economists Believe a Recession Is Likely Within Next Four Years (WSJ) Social Security Recipients May Get a (Very Small) Raise in 2017 (WSJ) This Financial-Stability Metric Has the Fed’s Attention (Bloomberg) Detroit residents are drowning in debt (Money) … [Read more...]
Worthy Reads: Dairy Farmers Dump 43 Million Gallons of Milk
Dairy Farmers Dump 43 Million Gallons of Milk (WSJ) The New Plan to Bail Out ‘Too-Big-to-Fail’ Banks (WSJ) Only One Country Now Has More Affordable Gasoline Than the U.S. (Bloomberg) Pound hits record trade-weighted low (FT) Battered gold futures stabilize as investors wait for rate clues from Fed (MarketWatch) … [Read more...]
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