Word: aircrafting
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...doesn't help matters that Immelt is starting his tenure at the end of an unprecedented bull market and in the midst of a global economic slowdown, when GE businesses from lighting and appliances to NBC are slumping and, some critics suggest, cash cows like power systems and aircraft engines may be peaking. Even the political climate has changed. In Europe, regulators scotched GE's proposed $43 billion deal with Honeywell (last week they moved on to Microsoft). In the U.S., the Environmental Protection Agency is forcing GE to clean up the mess it made dumping PCBs into the Hudson...
...Very Big Hostage Not Through Our Strait, You're Not! The mighty varyag, an aircraft carrier once intended to be the pride of the Soviet fleet, is 300 m long, displaces 67,500 tons of water and is stuck. For 13 months, the decommissioned behemoth has been marooned in the Black Sea waiting to be towed to Macau, where it's slated to become a floating casino. Turkey won't let it go?ostensibly because it could sideswipe houses along the Bosphorus Strait, even though the waterway is 700 m wide at its narrowest. Politics is the more likely culprit...
Rumsfeld had reasons for his secrecy. When push came to shove, the military didn't much want to re-examine itself. When he asked for recommendations about how to change, the Navy came in with a request for five additional aircraft carriers. The Air Force offered to mothball some old bombers but would not sacrifice a single fighter plane. The Army proposed to cut the Reserves--an idea it knew Congress would never approve. But there was something else going on. Throughout the campaign, the Bush team kept complaining about burdensome overseas commitments. The military, however, regarded all the extra...
...AIRCRAFT CARRIERS Rumsfeld's strategic planners think the current carriers are slow, easy targets. The 21st century may demand smaller, faster ships. He'd like to eliminate one of the Navy's 12 carrier groups--6,000 sailors, five support ships, 80 planes. The Navy is trying to avoid that scenario...
...this shooting down are to expected when you consider that the "no-fly zone" has been in effect for more than a decade. But it is a reminder that he's still there, defying American-led attempts to isolate him. Saddam has been trying to shoot down a manned aircraft, to create a hostage situation where Iraq has a U.S. prisoner of war, which Saddam knows would dominate the front pages for days, weeks and months. So this is another reminder of the risks of the "no-fly zone" policy, which the U.S. and Britain maintain in order to restrict...