Thursday, October 19, 2017

Tag: Defense Budget

Israel sells $5 billion of weapons to Iran’s neighbour

Israel agreed on Tuesday to sell nearly $5 billion of its infamous 'Iron Dome' defence system to Iran’s northern neighbour, Azerbaijan, in a mutually beneficial trade deal. Azerbaijan's President Ilham Aliyev told reporters that historical trade between the two countries was strong, as Israel buys a large proportion of its...

Everyone in Europe Needs to Take a Deep, Calming Breath

We don't yet know how the president-elect will behave in office. Meanwhile, the present state of hysteria could make things worse. “The sky is falling!” exclaimed Chicken Little, in the well-known folk tale, after an acorn fell on the poor fowl’s head, leading to mass hysteria over an imminent apocalypse...

NATO secretary general projects confidence after call with Trump

The pattern of learning transition news from foreign leaders continues. North Atlantic Treaty Organization (NATO) Secretary General Jens Stoltenberg spoke with President-elect Donald Trump on the phone Friday to congratulate him on his election victory and discuss the organization’s “enduring importance,” NATO shared in a readout of the call. Trump and...

Trump Allies Urge Fed to Cut Balance Sheet and Revive Credit

Bond investors may have another reason to worry after Donald Trump's election last week: Some of his allies are not fans of the Federal Reserve’s big balance sheet of bonds and want the central bank to shrink it. They argue that the Fed's debt portfolio has damaged the economy by...

Egypt’s Sisi defends tough but unavoidable economic reforms ahead of IMF loan

Egypt's President Abdel Fattah al-Sisi has defended what he described as "tough but unavoidable" reforms ahead of a $12bn International Monetary Fund loan to revive his country's ailing economy. "The reforms are tough but they're unavoidable to save the economic situation," Sisi said in an interview published on Saturday by...

Latest Estimate Pegs Cost of Wars at Nearly $5 Trillion

The total U.S. budgetary cost of war since 2001 is $4.79 trillion, according to a report released this week from Brown University’s Watson Institute. That’s the highest estimate yet. Neta Crawford of Boston University, the author of the report, included interest on borrowing, future veterans needs, and the cost of homeland security...

Sleepwalking into a big war

The major powers are planning for war and claim that’s the best way to defend against war. Will this mutual hawkishness lead to armed conflict? As the US presidential race approaches its climax and European officials ponder the implications of the UK’s Brexit vote, public discussion of security affairs is...

U.S. Defense Contractors Tell Investors Russian Threat Is Great for Business

The escalating anti-Russian rhetoric in the U.S. presidential campaign comes in the midst of a major push by military contractors to position Moscow as a potent enemy that must be countered with a drastic increase in military spending by NATO countries. Weapon makers have told investors that they are relying on tensions...

The United States and NATO Are Preparing for a Major War With Russia

Massive military exercises and a troop buildup on NATO's eastern flank reflect a dangerous new strategy. For the first time in a quarter-century, the prospect of war—real war, war between the major powers—will be on the agenda of Western leaders when they meet at the NATO Summit in Warsaw, Poland,...

NATO Members’ Defense Spending, in Two Charts

The alliance’s easternmost members are ratcheting up their budgets as Russian threats loom. Five NATO members are expected to meet the alliance’s 2 percent target for defense spending in 2015, according to data released on Monday. Poland joins Britain, Estonia, Greece, and the United States as the only members of the...

The Pentagon’s Real $trategy – Keeping the Money Flowing

These days, lamenting the apparently aimless character of Washington’s military operations in the Greater Middle East has become conventional wisdom among administration critics of every sort. Senator John McCain thunders that “this president has no strategy to successfully reverse the tide of slaughter and mayhem” in that region. Anthony...

NATO proceeds with plan to boost spending, deploy units in Baltics, Poland

STUTTGART, Germany — NATO states will increase defense spending for a second year in a row, reversing a post-Cold War trend of cutbacks but still well short of the alliance’s own targets for military investment, NATO’s top official said Monday. “After many years of going in the wrong direction, we...

Hillary Clinton’s Project For A New American Century

Here we go again. Earlier this year, some were surprised to see Project For The New American Century (PNAC) co-founder and longtime DC fixture Robert Kagan endorse former Secretary of State Hillary Clinton for president. They shouldn’t have been. As is now clear from a policy paper published last month,...

NATO risks nuclear war with Russia within a year, warns senior general

The West has been advised to act now to avert 'potential catastrophe'. Nato risks a nuclear war with Russia within a year if it does not increase its defence capabilities in the Baltic states, one of the alliance's most senior retired generals has said. General Sir Richard Shirreff, who served as...

Tunisia’s Getting More Guns Than Democracy

As Washington earmarks nearly $100 million for military aid to Tunis, arms manufacturers sense a new gold rush. But it may come at the cost of the country's fragile democracy. In the early morning hours of March 7, dozens of Islamic State fighters appeared in the center of Ben Guerdane,...

Senators Slam NATO Free-Riders in Closed-Door Meeting With Secretary General

Donald Trump has spent much of his campaign deriding NATO allies for “ripping off” the American taxpayer and failing to contribute to the world’s most powerful military alliance. But on Wednesday, his fellow Republicans joined the chorus during a closed-door meeting with NATO Secretary General Jens Stoltenberg on Capitol...

Pentagon Agency Handled Record Foreign Arms Sales in 2015

WASHINGTON — One key indicator of the health of the US aerospace and defense sector, foreign military sales, rose to a record high of $46.6 billion for fiscal 2015, but US officials are warning of a dip in sales next year. The 2015 FMS increase was linked to the war...

The Saudis are ready to go nuclear

The kingdom’s ambassador to London tells the Telegraph that 'all options are on the table’ if talks fail to keep Iran in check. Since its creation 85 years ago, Saudi Arabia has acquired a reputation as a country that tries to avoid confrontation with its neighbours at all costs. During...

Militarization of the Baltic Sea: Phantom Russian Sub Hunts Gave Birth to NATO’s Viking...

The largely unobservant public had previously been under the impression that the Baltic Sea was a zone of peace and stability, thinking that all the region’s states lived in harmony with one another. This may have been the case prior to 1991, but immediately afterwards, NATO’s expansion into the...

Eastern Europe is boosting military budgets, but US is still the big spender

Russia, Latvia, Lithuania and Poland are planning dramatic increases to arms spending, but they remain vulnerable to economic pressures, says thinktank. Russia and its Nato neighbours in the Baltic have agreed dramatic increases in their military budgets, in marked contrast to countries that are further west and away from potential conflict...

ISIS Caliphate meets China’s Silk Road Economic Belt

This report examines the clashing ambitions between ISIS and China. With ISIS’s declaration of a caliphate that encompasses China’s Muslim Xinjiang, Chinese strategists will now consider how ISIS’s Eastward pivot will impact China’s own Westward march to create a Silk Road Economic Belt across Eurasia. While the Western U.S.-led...

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