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Apple’s $14.6B tax bill explained

The European Commission has ordered Ireland to recover unpaid taxes, plus interest, from Apple dating back to 2003. CNNMoney's Samuel Burke reports.


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Posted by rr1455 - May 7, 2017 at 10:48 am

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U.S. Deploys THAAD System in China Backyard

U.S. Deploys THAAD System in China Backyard

United States will deploy its most advanced anti-ballistic missile-defense system, the Terminal High Altitude Area Defense (THAAD) to the South Korea. This deployment would put U.S. and allies at an advantage strategic defense position against China, North Korea and Russia.
THAAD anti-ballistic missile system would be able to shut down any ballistic missile and InterContinental Ballistic Missile (ICBM) from China or North Korea up to 150 km in altitude within 2000 km radius, when operating in forward-base mode. The missile carries no warhead but relies on the kinetic energy of the impact to destroy the incoming missile. It weights 900kg and can travel at a Mach 8.24, or 2.8 km/s. The fastest ICBM can travel up to Mach 23.
THAAD is a unique missile-defense system with unmatched precision, capable of countering threats around the world with its mobility and strategic battery-unit placement. It has a track record of 100% success rate. Its powerful Raytheon AN/TPU-2 radar is used to detect, track, and discriminate ballistic missile in the terminal phase of flight. Once an enemy target is identified, THAAD's Fire Control and Communications (TFCC) support team kicks in. If there is a decision to engage the incoming missile, the launcher fires an interceptor from truck-mounted launcher to destroy the incoming missiles.
THAAD deployment worry China. Its Foreign Ministry said in a statement posted on its website that the deployment will "do nothing to help with denuclearization of the Korean Peninsula, and will harm regional peace and stability".


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Posted by rr1455 - May 3, 2017 at 3:59 pm

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Nuclear North Korea: What Are Trump’s Options?

North Korea's rogue nuclear weapons program threatens global peace and security. These are the options available to United States President Donald Trump, ranging from diplomacy to military action.
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The nuclear standoff with North Korea seems like it’s reaching a boiling point. President Trump has drawn a red line that the North will not acquire a missile capable of striking the U.S. mainland. But the North is not listening. They’ve been increasing their missile tests as they try to develop a rocket that can hit an American city.

Let’s take a look at the options the U.S. has for dealing with North Korea.

North Korea is the only country that has tested a nuclear weapon in the 21st century. In fact, it’s done it five times.

After Kim Jong Un became Supreme Leader in 2011, the North began ramping up the frequency of its missile tests.

In response to the growing threat, President Obama ordered the US military to use cyber and electronic strikes to sabotage the North’s test launches, just like it had done to Iran’s rogue nuclear facilities a few years before.

The move worked, according to a recent investigative report by the New York Times:
“Soon a large number of the North’s military rockets began to explode, veer off course, disintegrate in midair and plunge into the sea.”

One medium range missile failed on 88 percent of its test launches, far higher than the 13 percent failure rate of the Soviet-era weapon on which it was based.

These security breaches enraged Kim, who ordered the execution of five senior officials by a firing squad of anti-aircraft guns.

But despite the setbacks, the North says it’s almost ready to test its first missile capable of reaching the United States.

Even if this is just big talk, one thing is clear: our military does not currently have the ability to stop the North’s nuclear weapons program.

After it successfully launched a satellite in 2016, it now may be able to strike targets up to 4,000 miles away. That not only puts South Korea and Japan well in range, but also India, parts of Northern Australia, US bases in the Pacific, and even Anchorage.

But to hit the American mainland they’ll need to bust out the big boys. US intelligence estimates the North has six KN-08’s and is developing an upgraded version called the KN-14. Neither has been tested yet, but both could theoretically hit us here in the states.

To defend against this type of intercontinental ballistic missile threat, we have a multi-layered, partially land-based missile defense system protecting the US mainland and our allies, but those systems have never been tested in live combat, have had high failure rates when tested so far, and would likely fail against a barrage of more than a handful of missiles.

President Obama was so concerned by the situation, he warned President Trump that this was the most urgent problem confronting the United States.

So what exactly are Trump’s options?

Option #1 has just been taken: deploy the THAAD missile defense system to South Korea. The Terminal High Altitude Area Defense gives the pacific alliance another layer of protection against ballistic missiles alongside their existing patriot systems and Aegis equipped naval destroyers. By placing THAAD so close to the North, the US, Korea, and Japan have instantly enhanced their ability to track and respond to missile launches.

But China is protesting the move, saying “it’s common knowledge that the monitoring and early warning radius of THAAD reaches far beyond the Korean Peninsula and compromises China’s strategic security.”

They argue THAAD’s deployment could set off an arms race in the region. But this seems hypocritical considering how much China — as the North’s lone ally and largest trading partner — has already enabled its erratic behavior. Not to mention China’s rapid militarization of the South China sea.

Option # 2 is for Trump to double down on Obama’s effort to sabotage North Korea’s missile tests. But this strategy could have unintended consequences if it emboldens Russia and China to try and disrupt US launch systems.


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Posted by rr1455 - May 2, 2017 at 2:19 pm

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700 mph in a tube: The Hyperloop experience

It's Elon Musk's idea, but Hyperloop Transportation Technologies is trying to make this "pipe dream" a reality.


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Posted by rr1455 - April 26, 2017 at 12:52 pm

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North Korea Vows To Nuke United States Of America

The UN will vote to impose sanctions on N. Korea for 3rd Nuke Test also


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Posted by rr1455 - April 17, 2017 at 3:40 pm

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Breaking: “North Korea Vows To Respond To USA Navy”

North Korea vows response to "Reckless" USA Navy move also Help Us Spread the Word also also


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Posted by rr1455 - April 17, 2017 at 12:06 pm

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US Studying Pre-emptive Strike on North Korea Amid Tension

US Studying Pre-emptive Strike on North Korea Amid Tension

The world is on alert after china warned of head-on collision between US and North Korea, while United States, Japan and South Korea studying option for first pre-emptive strike. The New York Times reported Sunday that President Trump’s national security deputies have discussed both the possibility of pre-emptive strikes that would almost certainly provoke an attack on South Korea and a reintroduction of nuclear weapons to the South. Intelligence officials say North Korea is already able to hit much of South Korea and Japan with a nuclear-tipped missile.

United States and South Korea deployed earlier than expected their first Terminal High Altitude Area Defense (THAAD) missile defense system in response to the North Korea simultaneously launch four missiles into waters off the Japanese North-East coast. The four ballistic missiles are launched from North Korea long-range rocket launch site. The missiles took off from Tongchang-ri, in northwest North Korea, and flew an average of 620 miles before falling into the sea between North Korea and Japan.

North Korea launch missiles to retaliate the United States and South Korea joint military drill in the region, and it vow to take further unspecified strong measures, while China’s top diplomat warned US and North Korea set for head-on collision. China`s Foreign Minister Wang Yi told reporters at a press conference in Beijing that the two sides are like two accelerating trains coming towards each other, the question is are the two sides really ready for a head-on collision?

A report in China's state news agency Xinhua said the deployment of THAAD could kick off an "arms race" in the region. "More missile shields of one side inevitably bring more nuclear missiles of the opposing side that can break through the missile shield," the article said, suggesting China could accelerate its nuclear program. Wang called on the US and South Korea to ease tensions in the region by suspending annual joint military exercises that antagonize North Korea, in exchange for Pyongyang halting its nuclear program.

North appears to own several threatening nuclear warhead arsenal. The potential range of North Korea’s current weapons, particularly the KN-14 and KN-08 missiles, would put most of the world in reach of its nuclear warheads. SCUD B/C/ER has a range up to 600 miles, KN-11 range of 600 miles, NODONG range of 800 miles, MUSUDAN range of 2200 miles, KN-14 range of 6200 miles and the KN-08 have range of 7200 miles.

US Secretary of State Rex Tillerson is heading to the region for talks next week, which are likely to include how to defuse the situation in North Korea.


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Posted by rr1455 - April 15, 2017 at 3:36 pm

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U.S. launches cruise missile strike against Syria

U.S. warships in the Mediterranean launched cruise missiles against a government airfield in Syria Thursday night in response to a chemical attack that left dozens of civilians dead. CBS News' David Martin has more from the Pentagon

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Posted by rr1455 - April 7, 2017 at 8:32 pm

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Why The Rich Pay Lower Taxes

In which Hank takes on some fascinatingly boring stuff about the U.S. tax code, what sorts of incomes there are, how tax brackets work, and why rich people pay a substantially lower tax rate than most people in America.

And then he makes some value judgements and expresses some opinions which are not necessarily the opinions of his brother, and are obviously the opinions of a guy who is not an economist. But really? It just doesn't seem fair.


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Posted by rr1455 - December 18, 2009 at 5:26 pm

Categories: Taxes   Tags: , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , ,

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