Carneval Rio de Janeiro, 1st Day. Schools of Samba Imperio Serrano, Unidos do Viradouro Common dancers of the samba school Imperio Serrano Quitéria Chagas – Queen of the Imperio Serrano First flagpole of the Imperio Serrano Members of the Imperio…
Remembrance of Concorde: 50 years since the maiden flight
Sud Aviation (Aérospatiale)/British Aircraft Corporation (BAC) Concorde was a revolutionary British-French jet aircraft project with cruising speed of Mach 2. Concorde flew the Atlantic within 3 hours. The start of the project dates back to 1956 when the Supersonic Transport Aircraft…
Venezuela refuses to become a 68th overthrown sovereign government
During the good old days, Chavez was probably the most popular politician on the planet, having won eight elections and country wide referendums in eight years. Nicolas Maduro was a close confidant of Chavez. Maduro stood for election last May 2018. Many of the elites…
The wreck of another combat aircraft was found in Kashmir
This week, several air force operations by Indian and Pakistan Air Forces took place in the airspace above Kashmir. During the air duels, India lost one MiG-21, whose pilot successfully catapulted and was already returned to the Indian side. The…
Zimbabwe is out of dollar cash and reserves again
Zimbabwe, once called “Jewel of Africa”, is experiencing another monetary experiment. There is one consequence: Zimbabwe and Zimbabwe money/payment agents are running out of dollar cash and dollar reserves. Zimbabwe has so far imported dollar bills from South African banks….
Trump – Kim summit in Hanoi collapses
Kim asked for partial sanctions relief in exchange for shuttering nuclear facilities. Trump’s answer: “Basically, they wanted the sanctions lifted in their entirety, and we couldn’t do that. They were willing to denuke a large portion of the areas that we…
Rocket Soyuz launched first six OneWeb satellites into orbit – internet from the space
Russian Soyuz rocket started yesterday from the spaceport in French Guiana. The task was to bring the first 6 OneWeb satellites in orbit. The satellites will provide Internet connectivity from the Space for users on the ground, in airspace and…
‘Father Of Reaganomics’ Warns: “Get Out Of The Market”
David Stockman, the so-called “Father of Reaganomics,” told Fox Business’s Neil Cavuto that investors ought to get out of the market and retreat to the safety of Treasury bills and hard cash. “We’re in year 10 of the longest business…
India-Pakistan tensions escalate with airstrikes across Kashmir border
India has carried out aerial attack over the disputed border in Kashmir for the first time since it went to war with Pakistan in 1971, escalating tensions between the two nuclear-armed neighbours. Pakistan, which was the first to announce the…
GE to sell BioPharma business to Danaher for $21.4B
Shares of General Electric Co. (symbol: GE) soar 10% in premarket trade Monday, after the conglomerate agreed to sell its biopharma branch to Danaher Corp. (symbol: DHR) for $21.4 billion. Transaction is payable in cash. “Today’s transaction is a pivotal milestone,” said…
Spark Therapeutics +122% after the acquisition news by Roche
Swiss pharmaceutical company Roche Holding AG announced that it has reached a final agreement for acquisition of Spark Therapeutics from Philadelphia. Roche offered $114.50 for each share of Spark Therapeutics, which is 122% more than Friday’s closing price. Spark Therapeutics…
AutoNation’s CEO: Auto sales are headed for further declines
AutoNation’s CEO Mike Jackson says the auto industry is entering a period of gradual decline. However, he added, “Adversity in the business will create new opportunities.” Who is more vocal than the first-line CEO? Mike Jackson is absolutely right. As soon…
Warren Buffett wants to make an ‘elephant-sized’ purchase, but says ‘prices are sky-high’
“In the years ahead, we hope to move much of our excess liquidity into businesses that Berkshire will permanently own. The immediate prospects for that, however, are not good: Prices are sky-high for businesses possessing decent long-term prospects,” Warren Buffett…
US Oil Output Hits 12 Million Barrels Per Day
U.S. crude oil production reach 12 million BPD in mid-February, according to the EIA actual report. EIA’s weekly petroleum report showed crude output jump more than 1.7 million BPD compared to February 2018: From 10.3 million BPD to 12 million BPD….
US core capital goods orders unexpectedly drop in December
The data pointed to a further slowdown in business spending on machinery and non-defense equipment. The December report was delayed by a 35-day shutdown of the federal government that ended on Jan. 25. The Commerce Department said the “processing and data…