Word: cannoneering
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...losses at Freddie show the pressure the banking system as a whole is under," says Fred Cannon, chief equity strategist at Keefe, Bruyette & Woods. "Freddie is going to need more capital, but they are not alone...
...second front, Congress, is, if anything, harder. During an appearance on Capitol Hill, lawmakers pushed him to declare their pet programs safe. Senator James Inhofe pressed Gates to protect the FCS program, whose high-tech cannon is built in Oklahoma, Inhofe's home state. "We have a nation where steel mills are shutting down," said Representative Gene Taylor, whose Mississippi district builds ships and who chairs the House Seapower Subcommittee and co-chairs the Congressional Shipbuilding Caucus. "I would ask you to encourage your acquisition folks to take advantage of these low prices." Shutting down the F-22 line means...
...This is the most significant shipwreck discovery in history," says Odyssey president Greg Stemm. "It's the solution to one of the most intriguing naval mysteries in history, it went down with the most famous admiral of his time, it has the largest collection of bronze cannon in the world onboard and research suggests that it has one of the largest shipments of gold and silver that will likely ever be found on a shipwreck."(Read an interview with two Titanic wreck divers...
Odyssey defends itself against those charges by noting that it hires experienced archaeologists for its expeditions, and observing that only commercial archeology has the resources to carry out expensive, time-consuming exploration. As for treasure, well, thus far the only booty recovered from the Victory are two cannon, including a historically valuable 42-pounder etched with the crest of George I. But according to one contemporary newspapers account, there was ?400,000 of gold on board, not an unusual amount in a time when warships acted as the Brinks armored trucks of their...
...provoking a new Israeli attack. The more likely culprit in this instance is one of the many Palestinian splinter factions based in Lebanon, which is home to some 400,000 Palestinian refugees. Besides sympathizing with their brethren in Gaza, Palestinians in Lebanon have often been used as cannon fodder by regional intelligence agencies, and the impoverished refugee camps where about half of them live are incubators of discontent and chaos...