"Governments worldwide are increasing their budget for defense and security under this heightened geopolitical tensions worldwide. The US government is not an exception. As the largest contractor to the US government, Lockheed Martin is bound to be the biggest beneficiary of the increased defense budget. Given that the company already reached approximately 8% of YoY net sales growth in 2Q23, I believe escalating geopolitical tensions along with easing macroeconomic conditions would allow Lockheed Martin to soon achieve double-digit growth in net sales by the end of the year." So it's no wonder that Lockheed CEO James Taiclet called the most recent hike in the US military budget "as good an outcome as our industry or our company could ask for." There are vast fortunes riding on governments equipping themselves to kill large numbers of human beings.
Xi's break with the establishment has been a long time coming. His predecessors integrated China into the U.S.-led global order by joining its foundational institutions, such as the World Bank and the World Trade Organization. read more
The British billionaire-owned newspaper The Telegraph has an appalling new article out which reads like a paid advertisement for a missile manufactured by Lockheed Martin. The title even sounds like it was written by a marketing team: "A war-winning swarm missile will knock China out of Taiwan"fast", subtitled "Rapid Dragon is a military gamechanger that provides the US Air Force with a crucial edge in the Pacific". The article is written by a war propagandist named David Axe, whose work I have written about before. His covert advertorial for Lockheed Martin's JASSM missile revolves around the findings of a study by the military industrial complex-funded think tank Center for Strategic and International Studies (CSIS), who you'll be shocked and astonished and surprised and stunned to learn lists the Lockheed Martin Corporation as one of its top donors. read more
Less than a day after it was announced that 56-year-old Steve Harwell was entering hospice with a short time to live, the Smash Mouth singer died. "Steve Harwell was a true American Original. A larger than life character who shot up into the sky like a Roman candle," Hayes said in a statement to CNN. read more
The use of waivers, in which the Angels essentially will gave away the players for nothing but salary relief in return, stunned the baseball industry. read more
Liberals see a problem and try to address it. Conservatives complain about a problem and try to ignore it.
Wash, rinse, repeat.