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POPSMilitary Spending: Not ‘Recession Proof’ The New York Times' Thom Shanker and Christopher Drew survey the outlook for U.S. military spending. From the equities standpoint, U.S. aerospace and defense stocks are down 33.2% year to date, versus a drop of 33.9% broadly for U.S. equities.
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POPSWelfare For Big Business Is Popular The logic of bailing out Wall Street is that finance underpins everything. Detroit cannot begin to make that claim. But, given its successful lobbying, can it be long before ailing airlines and failing retailers join the queue?
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POPSThe real X files are revealed... Clarke said the papers showed the government could not conceal anything and that people were not going to find "that elusive bit of evidence that proves we're being visited by aliens". I am not sure that we are, yet if we do, how would humanity describe itself best?
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POPSDefense contractors on the offense We all know one basic thing " you get nothing for nothing". But it takes an army of lawyers to prove it. If these defense contractors have that much money to give away they're not paying enough in taxes.
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POPSPond scum just may save the world Perhaps the answer to fuel needed to feed the world's energy needs with hastening global warming maybe in your neighborhood pond scum. Bill Gates, Boeing and others have invested millions in research on deriving fuel resources from algae
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POPSNew U.S. Air Force Tanker Six Years Away? Via govexec.com. Story quotes another U.S. Air Force general, who says it's "unconscionable to ask people to fly in combat in 50-year-old airplanes." Note: as of 3:22pm, Northrop Grumman shares were down 2.5%. They've fallen 15% thus far in 2008.
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POPSGates Punts Tanker Fight To Next Administration In a news release that cited “mistakes and missteps” by the Defense Department, Gates said he was terminating competition for the $35 billion contract to give the next administration full flexibility to decide how to handle the process. “Over the past seven years the process has become enormously complex and emotional — in no small part because of mistakes and missteps along the way by the Department of Defense,” Gates said. “It is my judgment that in the time remaining to us, we can no longer complete a competition that would be viewed as fair and objective in this highly charged environment.”
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POPSArming Iraq Front page story from the Wall Street Journal lays out both business and national security implications of the potential deal, notably underscoring the importance of Middle Eastern market for defense contractors. Lockheed Martin, Raytheon, Boeing, General Electric, and United Technologies get mentions.
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POPSPressure is on For Satellite Image Company We profiled GeoEye, and presented a bullish case for its shares, just over a year ago. http://www.forbes.com/businessinthebeltway/2007/07/25/washington-congress-geoeye-biz-wash-cz_0725beltway.html The stock has gained 12% since our story, versus a 16% drop for the S&P 500. It will be interesting to see what happens after the launch. Odds are it will succeed, but if not, shareholders could get wiped out.
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POPS10 Spectacular Cockpit Photos If nothing else, just stunning pictures. Compare the cockpit of the good old and trusted Boeing 747-200 and one of the more recent Airbus A320 - 214 or Airbus A320-211. Enjoy. Nasty.Man2008@........
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