The aircraft arrayed around the spacious lawn of Maxwell Air Force Base, home of the Air University, mostly represent long-retired types. The largest, however, is a glistening B-52 bomber, which represents a still-employed component of the Air Force’s aging fleet: The youngest B-52 entered service in 1962. Sons have flown the same plane their fathers and grandfathers flew. But, then, ...
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July, 2017
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24 July
Why RIL bonus issue syncs with its effectively free JioPhone!
Reliance Industries Ltd’s (RIL’s) unexpected 1-for-1 bonus issue, which chairman Mukesh Ambani unveiled at the company’s 40th annual general meeting (AGM) on Friday, gave a further boost to shares that are already the second-best performing this year on India’s benchmark index. What’s interesting about the announcement, however, is the timing. The last time India’s most-valuable company gave one free share ...
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24 July
Two wrongs don’t make a right on ‘hearings’
Why is Chuck Schumer doing Donald Trump a favor? The Senate minority leader’s delaying tactics for the president’s nominees are not only uncalled for, but they also distract from the White House’s historic ineptitude at filling the senior ranks of government. So far, the Trump administration has made 163 fewer nominations than former President Barack Obama at the same point, ...
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24 July
How to win online war against IS
On the ground in Iraq and Syria, IS is on the brink of military defeat. Online, however, the group continues to incite its followers to violence, and victory there will take the same kind of sustained effort that anti-terrorist forces brought to the battlefield. The foremost challenge is to identify individuals susceptible to the terrorists’ messages and intervene before they’re ...
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24 July
Trump learns how durable Obama’s policies are…
Donald Trump may not like it, but he can’t—so far— reverse two of Barack Obama’s signature accomplishments: the Affordable Care Act (ACA) and the Iran nuclear deal. In one emblematic, frustrating day, Trump both saw the failure of the Senate Bill to repeal and replace the ACA and was forced by his advisers to certify that Iran is in compliance ...
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24 July
Bond investors seeing taper party this time for India, Indonesia
As local-currency bonds in Indonesia joined the recent global debt selloff, Aberdeen Asset Management Plc and Western Asset Management Co. had a simple strategy: buy more. The money managers see the nation’s securities, along with India’s, as the best bets to weather any selloff in emerging Asia as the European Central Bank prepares to join the Federal Reserve in paring ...
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24 July
48 years on, the battle for the moon begins
On the 48th anniversary of Neil Armstrong setting foot on the moon, an Illinois attorney hopes to pocket as much as $4 million at a Sotheby’s auction of a bag that Apollo 11 astronauts filled with rocks. The bag’s history is as interesting as its travels: the US government accidentally sold it in 2015, then fought the buyer, Nancy Lee ...
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24 July
Euro heads for decline as carmakers weigh on stocks
Bloomberg The euro headed for its first decline in three days as data showed the region’s economy cooling at the start of a week packed with corporate results and a Federal Reserve rate decision. Stocks were dragged down for a second day by carmakers amid a collusion probe. The common currency halted the advance that saw it hit a two-year ...
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24 July
Banks push Qatar higher, Mobily’s loss dampens Saudi
Reuters Banks pushed Qatar’s stock market higher on Monday while Saudi Arabia’s market edged down as telecommunications firm Mobily plunged in the wake of a bigger-than-expected quarterly loss. The Qatari index added 0.8 percent to 9,579 points, outperforming the rest of the region and closing at its highest level since June 5, when a diplomatic crisis with neighbouring Arab states ...
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23 July
Foreign currency supply at UAE Central Bank surges to AED338.34bn in June
ABU DHABI / WAM The total foreign currency supply at the UAE Central Bank surged to AED338.34 billion by the end of June, a growth of AED47.6 billion from early 2017, according to statistics recently issued by the bank. A month-on-month review indicated that the total supply increased by AED15.93 billion in June from AED322.41 billion in May. The bank ...
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