An F-35 jet arrives at it new operational base Wednesday, Sept. 2, 2015, at Hill Air Force Base, in northern Utah. Two F-35 jets touched down Wednesday afternoon at the base, about 20 miles north of Salt Lake City. A total of 72 of the fighter jets and their pilots will be permanently based in Utah. (AP Photo/Rick Bowmer)

China Hacked F-22, F-35 Stealth Jet Secrets

Chinese national pleads guilty in California to hacking Boeing C-17 data    A Chinese businessman pleaded guilty this week to conspiracy to hack computer networks of U.S. defense contractors and obtain sensitive data on military aircraft that was passed on […]

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Powering Job Creation for America and its Allies

Lockheed Martin’s F-35 is delivering more than just air combat superiority to the men and women of the United States armed forces. As an added benefit for the nation’s economy, it’s simultaneously delivering tens of thousands of high paying, high […]

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Economic data due Friday 8 April 2016

It’s nearly the weekend and here’s the data to see us through Friday Good morning folks. It’s not been a massive week for data but we have a few events worth noting today.  

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FORECAST dollar exchange rate for 2016

What to expect the dollar in the country in 2016? There are many opinions on this issue. Let us consider with you the views of some experts. Average data that result from the targets of the leading international and Ukrainian […]

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America and the European Union have reached a deal on data protection

NAIVETY and paranoia mark the European Union’s attitude to espionage. The EU does not have a spy agency, nor does it have access to the intelligence collected by its members and their allies. That has advantages: EU decision-makers need not […]

 

Iran taekwondoka fighter wins place at Rio Olympics Games

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Iranian female taekwondo practitioner Kimia Alizadeh has demonstrated praiseworthy performances at the Asian Qualification Tournament for Rio 2016 Olympic Games in the Philippines, and managed to secure four quota places for the high-status event.

On Sunday, Alizadeh took part in the women’s minus 57-kilogram weight category contests at the Marriott Grand Ballroom in Pasay City, Manila, and grabbed the gold medal after defeating Thailand’s Phannapa Harnsujin 3-2 in the final encounter.

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Tractor Sazi defeats Al Jazira again in AFC Champions League

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Players are seen during the AFC Champions League Group C match between Tractor Sazi Tabriz (in red jerseys) and Al Jazira of the United Arab Emirates at Al Jazira Mohammed bin Zayed Stadium in Abu Dhabi, the UAE, March 2, 2016.

Iranian professional soccer club Tractor Sazi Tabriz has achieved back-to-back wins over Emirati Al Jazira in the group stage of the 2016 Asian Football Confederation (AFC) Champions League.

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China Hacked F-22, F-35 Stealth Jet Secrets

An F-35 jet arrives at it new operational base Wednesday, Sept. 2, 2015, at Hill Air Force Base, in northern Utah. Two F-35 jets touched down Wednesday afternoon at the base, about 20 miles north of Salt Lake City. A total of 72 of the fighter jets and their pilots will be permanently based in Utah. (AP Photo/Rick Bowmer)
Chinese national pleads guilty in California to hacking Boeing C-17 data

 

 A Chinese businessman pleaded guilty this week to conspiracy to hack computer networks of U.S. defense contractors and obtain sensitive data on military aircraft that was passed on to China.

Su Bin, also known as Stephen Su and Stephen Subin, reached a plea deal in U.S. District Court in Los Angeles on Tuesday, following a 2014 criminal complaint and later indictment for illegal computer hacking and theft and transfer of export-controlled data.

 

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Powering Job Creation for America and its Allies

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Lockheed Martin’s F-35 is delivering more than just air combat superiority to the men and women of the United States armed forces. As an added benefit for the nation’s economy, it’s simultaneously delivering tens of thousands of high paying, high quality jobs to American workers across the country, and around the world.

Read more »

Economic data due Friday 8 April 2016

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It’s nearly the weekend and here’s the data to see us through Friday

Good morning folks. It’s not been a massive week for data but we have a few events worth noting today.

 

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5 things to know about Latin America’s economy

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After a decade of high growth thanks to the commodity super cycle, Latin America has lost its glow: economic growth is near zero, equality gains have stalled, and the political landscape is changing.

While individual nations in the region are faring differently, all Latin American countries are facing a challenging economic climate.

 

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Add Fuel to Flame: Unleashing of America’s Oil

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On Wednesday the US Congress opened discussions on lifting the embargo on American exports of crude oil, which was put in place in 1975 at the peak of the energy crisis of that period. These discussions form part of the debate on budget expenditure for 2016. Congress members will be debating the issue against the background of sagging prices compared to the world benchmark – Brent crude. In trading on 14 December, January

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FORECAST dollar exchange rate for 2016

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What to expect the dollar in the country in 2016? There are many opinions on this issue. Let us consider with you the views of some experts.

Average data that result from the targets of the leading international and Ukrainian financial, investment and consulting companies and banks say that the dollar in Ukraine in 2016 will amount to 25.7 hryvnia.

Read more »

America and the European Union have reached a deal on data protection

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NAIVETY and paranoia mark the European Union’s attitude to espionage. The EU does not have a spy agency, nor does it have access to the intelligence collected by its members and their allies. That has advantages: EU decision-makers need not worry about keeping secrets (because they do not know any); nor must they grapple with the legal and political practicalities of intelligence oversight—such as what access spooks have to private data. The downside is that they do not see the benefits of espionage, and have a lurid fear (mixed perhaps with envy) of what spy services, particularly American ones, get up to.

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Cash Value Life Insurance

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If you require more than a passing point of interest from your life scope game plan and like the thought about a whole deal venture account (not defended by any administration organization) or theory, you ought to genuinely consider cash regard calamity assurance, for instance, whole additional security, complete life or variable life. Regardless be masterminded to pay much higher premiums each $1,000 of degree in light of the way that you are as of now sponsoring a cash quality record and paying charges and expenses.

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Why Term Life-Insurance Is Right For You

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Term life-insurance is an easy option to whole or long-term life insurance that’s occasionally overlooked or missed by individuals who find themselves put off from the high-priced expense of the latter. Nonetheless, in the field it’s famous for being the most effective and most economical option to whole or long-term life insurance there’s; the largest advantage of term life-insurance is its affordability for all.

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Filing the Life Insurance Claim

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Understanding about the life insurance policy is quite important. Having a life insurance secures your future with happiness. One needs to know about filing the life insurance claim is important, especially if you are the beneficiary to any policy. Unfortunately, if your family member dies, and if you happen to be the beneficiary to that policy, then certainly you are the one responsible for filing the claim. If you are feeling guilty about the claim, then there is no need to be, after all the person who died is your family member. Filing the claim secures your future and the money earned from the policy will provide you with better investment.

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Turkish Tourism and Economy Struggle Due to Bombings, Russia Row

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A man prays at the scene of a suicide bombing at Istiklal street, a major shopping and tourist district, in central Istanbul, Turkey March 20, 2016. REUTERS/Osman Orsal

By Nevzat Devranoglu and Ece Toksabay

ANKARA, March 23 – Suicide bombings in Istanbul, a row with the Kremlin and hard times for the Russian middle class – all these factors spell trouble for Turkey’s tourist industry and its wider economy.

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Saudi Arabia’s budget deficit is ballooning, but a ministerial reshuffle has fueled hopes the kingdom is resolute in kicking its hydrocarbon addiction.

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Oil prices have halved since June, but at November’s OPEC meeting Saudi Arabia confronted the threat from US shale by pledging to maintain output levels. It is a major gamble, and the repercussions for the economy are already being felt. In a statement on December 25, the Ministry of Finance forecast a hefty budget deficit in 2015 of 145 billion Saudi riyals ($38.7 billion) on expenditure of 860 billion riyals and revenues of 715 billion riyals.

The death in late January of king Abdullah and the accession of Salman bin Abdulaziz to the throne also complicates matters for the Gulf kingdom—but indcations suggest that he will maintain continuity with the previous administration’s policies.

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War in Yemen, Crisis in Saudi Arabia: Impact of Yemen War on Economic Crisis in Riyadh

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Recently, a confidential document belonging to the Royal Court of Saudi Arabia has been leaked to the press which suggests that the economic crisis in Saudi Arabia has been more serious than it was believed to be. In this highly confidential and urgent document which was in a letter from ‘King Salman’ to the Finance Ministry of Saudi Arabia Ibrahim bin Abdul Aziz, the king has urged Ibrahim to implement the austerity policies in the country and reduce the financial costs.

Considering this document with regard to the fact that Saudis have withdrawn 669 billion dollars from their deposits, one can have a deeper insight into the economic crisis that Saud regime is dealing with in present circumstances.

 

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Growth will be sluggish. Yet, as a crucial election looms, Britain still has a lot going for it

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IT WAS only three years ago, but it feels as though aeons have passed. Back then, the British economy was the strongest in Europe. Open and competitive markets made Britain the poster child for globalisation in the rich world. Central-bank independence and (supposedly) prudent budgetary management helped produce a vintage period of steady and rapid expansion. British workers were admirably reluctant to strike; British chancellors tiresomely wont to lecture finance ministers in mainland Europe about their superior policies. And British Airways was the world’s favourite airline.

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Japan’s Industrial Output Falls as Weak Exports Sap Demand

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Japan’s industrial production dropped the most since the March 2011 earthquake as falling exports sapped demand and a steel-mill explosion halted domestic car production at Toyota Motor Corp.

Output slumped 6.2 percent in February after rising in January, the trade ministry said on Wednesday. Economists surveyed by Bloomberg had forecast a 5.9 percent drop. The government projects output will expand 3.9 percent this month.

The ministry estimates that production for the three months ending Thursday may shrink. This casts a shadow over gross domestic product for the whole quarter, underscoring Japan’s struggle to bounce back from a contraction at the end of last year. Shipments of capital goods also slumped last month, indicating sluggish business investment.

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The Evidence Piles Up—–Japan’s Economy Keeps Shrinking, Abenomics An Abject Failure

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Household spending in February 2016 in Japan rose year-over-year for the first time in six months. That was the sum total of any good economic news for the monetary-stricken economy, and it doesn’t really survive closer inspection. The rise in spending was due largely to “other” activities you don’t associate with strong economic rebounds. The overall figure was just +1.6% in nominal terms and +1.2% in real terms, but that was due largely to a 6% jump in spending on food, +13.8% in spending on medical care, and +20% on education (all nominal changes).

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America’s economy risks mother of all meltdowns

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America’s economy

“I would tell audiences that we were facing not a bubble but a froth – lots of small, local bubbles that never grew to a scale that could threaten the health of the overall economy.” Alan Greenspan, The Age of Turbulence.

That used to be Mr Greenspan’s view of the US housing bubble. He was wrong, alas. So how bad might this downturn get? To answer this question we should ask a true bear. My favourite one is Nouriel Roubini of New York University’s Stern School of Business, founder of RGE monitor.

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Cracks in America’s economy are growing

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America’s economy hit the brakes during the holidays.

Some recent economic data even raises fears that we might be heading towards a possible U.S. recession in 2016. Big banks like Morgan Stanley (MS) estimate there’s a 20% chance of recession this year.

On Friday, the government will release data that show how the U.S. economy fared in the last three months of the year. Many experts forecast that the U.S. economy barely grew — about 1% or less — between October and December of 2015 compared to a year ago.

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