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☆ Live Updates: Israel Says Confrontation With Iran ‘Is Not Over’
▼ + stars: | 2024-04-14 | by ( Mike Ives | Isabel Kershner | ) www.nytimes.com time to read: +8 min

The Iranian armed forces are among the biggest in the Middle East, with 580,000 soldiers and officers and also 200,000 reservists. The start of a direct military confrontation between Iran and Israel has brought renewed attention to Iran’s armed forces. Instead, Israel and Iran have been engaged in a long shadow war via air, sea, land and cyberattacks, and Israel has covertly targeted military and nuclear facilities inside Iran and killed commanders and scientists. It’s that they realize any war against Iran is a very serious war.”What sort of military threat does Iran pose? The commander in chief of Iran’s armed forces is the supreme leader, Ayatollah Ali Khamenei, who has the last word on all major decisions.

Persons: ”, Afshon Ostovar, “ It’s, Ayatollah Ali Khamenei, Fabian Hinz, “, Atta Kenare, Ostovar, Ayatollah Khamenei, Shah Mohammed Reza Pahlavi, Will Israel’s Organizations: Naval Postgraduate School, Islamic Revolutionary Guards Corps, International Institute for Strategic Studies, Guards, General Staff of, Armed Forces, Quds Force, Agence France, Phantoms, Iranian Army, Associated Press Locations: Tehran, Iranian, Iran, Israel, Damascus, United States, Washington, Lebanon, Yemen, Syria, Iraq, Jihad, Gaza, Berlin, speedboats, Persian, Hormuz, Russia, Ukraine, Sudan, North Korea

☆ US Navy warships can defeat exploding naval drones today, but these deadly systems are evolving
▼ + stars: | 2024-03-23 | by ( Jake Epstein | ) www.businessinsider.com time to read: +12 min

Ukraine has found success at sea by using naval drones packed with explosive to batter Russia. AdvertisementIn two conflicts separated by more than 1,000 miles, US friends and foes alike have turned to a deadly weapon to defeat their enemy's warships: small naval drones packed with explosives. The USS Dwight D. Eisenhower conducts flight operations in response to Houthi activity in the Red Sea on Feb. 23. In other words, there are ways that warships can protect against, evade, and ultimately defeat naval drones. Naval drones can potentially carry a large payload, and if they manage to get through undetected and hit a ship, "there could be significant damage."

Persons: —, Bradley Martin, Sam Tangredi, Ivan Lukashevych, Dwight D, Eisenhower, Tangredi, Archer Macy, Russia hasn't, Sergey Kotov, Macy, USVs, Martin, They're, Arleigh Burke, John Finn, Lewis, Clark, Cesar Chavez, AKE, Justin Stack, Shaan Shaikh, Shaikh Organizations: Former US Navy, Service, US Navy, AP, BI, Security Service, Former Navy, US, Sea Fleet, Ministry of Defense, Navy, Aircraft, Seahawk, Ruskin, Missile Defense, Center for Strategic, International Studies Locations: Ukraine, Russia, Yemen, Europe, Kyiv, Brig, Screengrab, Iran, —, Russian, Ukrainian, Crimea, Handout, Pacific, China, Washington, Beijing, Pearl, East China, they're

KENNEBUNKPORT, Maine (AP) — It seems former President George H.W. Bush felt the need for speed in the waters off Maine, where he kept a nearly 1,000 horsepower speedboat. Proceeds from selling the 38-foot (11.5-meter) speedboat “Fidelity V” will be used to expand offerings at the George H.W. Bush Presidential Library & Museum and The Bush School of Government & Public Service at Texas A&M University in College Station, Texas. Photos You Should See View All 21 ImagesIt's the fifth of George H.W.

Persons: George H.W, Bush, Hutton Higgins, George, Barbara Bush, George W, Texas, Bush's, Higgins Organizations: Barbara, Barbara Bush Foundation, Bush Presidential Library & Museum, The Bush School of Government, Public Service, Texas, M University, College, Fidelity, Bush Locations: KENNEBUNKPORT, Maine, Houston, College Station , Texas, Kennebunkport

☆ Pentagon Names Two SEALs Lost in Raid in Arabian Sea
▼ + stars: | 2024-01-22 | by ( Dave Philipps | More About Dave Philipps | ) www.nytimes.com time to read: +1 min

The Defense Department identified on Monday the two Navy SEALs who were lost at sea and died this month during a nighttime commando raid on a small ship carrying weapons components bound for Yemen. Active-duty and veteran SEALs said it appeared that the men might have sunk quickly before they could be rescued, and that the circumstances of their deaths raised questions about the planning and conduct of the raid. Special Operator First Class Christopher J. Chambers, 37, and Special Operator Second Class Nathan Gage Ingram, 27, were lost on Jan. 11 when SEALs in two stealthy combat speedboats, shadowed by helicopters and drones, boarded a dhow, a type of small wooden cargo ship, in the Arabian Sea off the coast of Somalia. Both SEALs were quickly lost in the waves.

Persons: Christopher J, Chambers, Nathan Gage Ingram Organizations: Defense Department, Navy Locations: Yemen, Somalia

NAIROBI, Kenya (AP) — Somalia’s maritime police force on Thursday intensified patrols in the Red Sea following a failed pirate hijacking of a ship in the Gulf of Aden earlier this week. That is the first in many years and has led the Somali government to appeal for International support to deter a resurgence of piracy in the Horn of Africa. No assistance from the African Union Mission in Somalia, the European Union or any international assistance. Somalia had for years been blighted by piracy, with the peak being 2011, when the U.N. says more than 160 attacks were recorded off the Somali coast. The incidents have declined drastically since then, however, largely due to the presence of American and allied navies in international waters.

Persons: Abdullahi Mohamed Ahmed, Mason, ” Mohamed Organizations: Associated Press, U.S, Liberian, Zodiac Maritime, American, Pentagon, Somali, African, Mission, European Union Locations: NAIROBI, Kenya, Gulf, Aden, semiautonomous, Puntland, Shabab, Yemen U.S, of Eden, Israel, Somali, Horn of Africa, Puntland State, Somalia

☆ Chilling video shows Iran-backed rebel commandos hijack a cargo ship during a helicopter raid
▼ + stars: | 2023-11-20 | by ( Jake Epstein | ) www.businessinsider.com time to read: +5 min

Iran-backed Houthi rebels hijacked an internationally flagged cargo ship in the Red Sea on Sunday. AdvertisementA new video shared by the Houthi rebel group captures the Iran-backed militants conducting a dramatic helicopter raid of an internationally flagged cargo ship in the Red Sea and hijacking the vessel, taking its entire crew hostage. The spokesperson suggested to countries with citizens working in the Red Sea that they should avoid association with Israel-affiliated ships. Publicly available shipping data from as recent as Saturday shows the vessel was halfway through its south-bound transit of the Red Sea. Adding to their list of provocations, Houthi militants in early November even shot down a US military MQ-9 Reaper drone off the coast of Yemen.

Persons: —, Benjamin Netanyahu's, hijackings, Israel — Organizations: Service, Galaxy Leader, Israel, Israel Defense Forces, Galaxy, US Navy Locations: Iran, Yemen, Bahamas, Israel, Israeli, Turkey, India, British, Ukrainian, Tehran, Hodeida, Yemen's, Lebanon, Iraq, Syria

The Ukrainian military retook the city and the area around it on the western bank of the Dnipro in November 2022. Kovalyov said Ukrainian troops were conducting sabotage and reconnaissance actions to discover and disrupt logistics for Russian ammunition and food supplies. He said the Russian military were mounting heavy resistance and had brought in reinforcements. The Ukrainian military said in its daily update that fighting was raging along the entire frontline from the south to the east, reporting 72 combat clashes in the last 24 hours. Vitalyi Barabash, head of Avdiivka's military administration, said on television that Russian forces were making a big push towards the town's industrial zone near a vast coke plant, and bringing in reinforcements.

Persons: Andriy Kovalyov, Volodymyr Zelenskiy, Kovalyov, Natalia Humeniuk, Vitalyi Barabash, Yuliia Dysa, Olena Harmash, Tom Balmforth, Gareth Jones, Andrew Heavens, Jonathan Oatis Organizations: Ukrainian Marines, Russia, Ukrainian Armed Forces, YouTube, Ukrainian, ., Thomson Locations: KYIV, Kherson, Dnipro, Crimea, Russia, Ukraine, speedboats, Ukrainian, . Russian, Kyiv, Avdiivka, Moscow, Bakhmut, Donetsk

☆ Russia claims key Crimea bridge is fully repaired, but actually it remains limited and a huge 'security burden,' UK intel says
▼ + stars: | 2023-10-19 | by ( Sinéad Baker | ) www.businessinsider.com time to read: +3 min

Russia said the Kerch Bridge was fully repaired after a Ukrainian attack in July. But the bridge is "now almost certainly a significant security burden" for Russia, the UK MOD said. "Trucks and fuel supplies continue to be moved by ferry," the UK MOD said. The attacks were seen as a symbolic blow to Russia, with the bridge representing Russian control over Crimea. But it is now "almost certainly a significant security burden requiring multi-domain protection, including the use of air defence systems and crews who would otherwise be deployed elsewhere," it added.

Persons: —, Ukraine's, That's, Marat Khusnullin, STRINGER, Vladimir Putin Organizations: MOD, Service, UK Ministry of Defence, Russian, Getty Locations: Russia, Kerch, Crimea, Ukraine, Southern Ukraine, Russian

He was a violinist who became a soldier with Ukraine’s special forces. “We did it so that people in Ukraine and in occupied Crimea don’t lose spirit and keep faith in Crimea returning to Ukraine,” Muzykant said. Russian forces illegally annexed Crimea in 2014. Vasco Cotovio/CNNMuzykant said the dangerous operation took months of planning to prepare the Ukrainian soldiers for the many risks they would face. Stringer/ReutersMuzykant knows there’s still some time and plenty of hard work before Ukrainian forces are able to launch a bigger offensive on Crimea but more – and more daring – raids are on the horizon.

Persons: ”, Muzykant, ” Muzykant, Vladimir Putin, Vasco Cotovio, CNN Muzykant, “, Batallion, It’s, Dmytro Korchynskyi, ” Korchynskyi, Korchynskyi, Atesh, ” Atesh, Stringer, Reuters Muzykant, there’s Organizations: Ukraine CNN, CNN, “, Raptors, Fleet, Storm Shadow, Black, Russia, Planet Labs, Reuters CNN, Federal Security Service, Partisans, Reuters Locations: Kyiv, Ukraine, Crimea, Ukrainian, Russia’s, Moscow, Russian, CNN Moscow, ”, Crimean, Sevastopol, Kerch, Russia, Kherson, Melitopol

☆ Opinion: Where the war goes from here
▼ + stars: | 2023-10-15 | by ( Richard Galant | ) edition.cnn.com time to read: +19 min

We’re looking back at the strongest, smartest opinion takes of the week from CNN and other outlets. The war plays out on everyone’s screens, forcing people to confront cruelty and killing and to fear what comes next. “Hamas’ mission is, by definition, to end Israel, not to seek to establish a self-governed Palestinian state that peacefully coexists alongside the Jewish state. “An Israeli normalization deal with Saudi Arabia — the location of the two holiest sites in Islam — would be hugely symbolic and have real security benefits for Israel,” wrote Peter Bergen. “After all, almost exactly half a century ago, during the 1973 Yom Kippur War, two Arab states, Egypt and Syria, attacked Israel.

Persons: CNN —, ”, Jonathan Glover, Frida Ghitis, “, Ghitis, Amy Klein, goer Gal Katz, Gal Katz, that’s, ’ ” Katz, ” “, Yulie Ben Ami, ” Ben Ami, Stephanie Griffith, ’, … ”, Israel, Janine Zacharia, Benjamin Netanyahu’s, Ilan Troen's, Deborah, Shlomi Mathias, Ilan Troen S, Ilan Troen, Symon Petliura’s banditim, Troen, Deborah Mathias, Yahya Hassouna, Omar Ghraieb, Carrie Cordero, ” Cordero, Islam —, Peter Bergen, Jason Greenblatt, Trump, Fatah, Rachel Fish, ’ ” Fish, Kara Alaimo, McCarthy Drew Sheneman, Kevin McCarthy, Steve Scalise, Jim Jordan, Julian Zelizer, Jordan, John Boehner, James Antle III, McCarthy’s gavel, John Avlon, Clay Jones, Sallie Krawcheck, Sado, Robert F, Kennedy Jr, Joe Biden, “ Kennedy, ” Bergen, Kennedy, Jack Ohman, Jill Filipovic, Gavin Newsom’s, Sarah Gundle, Bob Saget’s, isn’t, Sara Stewart, Julia Ormond’s, Keldy Ortiz, Dr, Lara Freidenfelds, … Simone Biles Simone Biles, Yves Herman, Simone Biles, Amy Bass, ” Bass, “ Biles, Biles Organizations: CNN, Hamas, Ben, Gurion University, Brandeis University, Getty, “ Hamas, Foreign Intelligence, Israel, Twitter, Palestinian Authority, West Bank, Harvard University, Higher, Republicans, House Republicans, GOP, Federal Reserve, RFK Jr, Democratic, White, Republican, Biden, Trump, Democrat, Agency Locations: British, Rwanda, Bosnia, Israel, Gaza, New York, America, “, Kippur, Kibbutz Holit, Derazhne, Rovno, Rivne, Poland, Ukraine, Europe, Gaza City, AFP, Palestinian, Saudi Arabia, Israeli, Islam, Egypt, Syria, Iran, Victoria Sado, Antwerp, Tokyo, Belgium

☆ A video appears to show Ukraine's elite commandos on jet skis conducting a raid to raise flag on Crimea
▼ + stars: | 2023-10-07 | by ( Alia Shoaib | ) www.businessinsider.com time to read: +2 min

Ukraine released a video appearing to show commandos on jet skis conducting a daring raid on Crimea. The drone video shows the jet skis as they approach the occupied peninsula's shores. AdvertisementAdvertisementUkraine has released a video that appears to show a special forces unit on jet skis conducting a daring raid on the occupied peninsula of Crimea. Ukraine's military intelligence service, known as GUR, shared a drone video saying it shows the commandos on jet skis approaching the shore. AdvertisementAdvertisementThe video also shows commandos on jet skis and speedboats, but few other details have been revealed, and it is unclear when the second raid might have occurred.

Persons: —, GUR, Timur, Jake Epstein Organizations: Service, Times, Special Forces Unit Locations: Ukraine, Crimea, Russia, London

☆ Opinion: Hamas’ attack on Israel is an indisputable act of terrorism
▼ + stars: | 2023-10-07 | by ( Stuart Ross | Opinion Frida Ghitis | ) edition.cnn.com time to read: +8 min

As many knowledgeable people have pointed out, what Hamas has done is clearly an act of terrorism, no matter what your definition. In another video, geolocated by CNN to southern Israel, near Gaza, Hamas militants are seen taking Israelis captive. Both Iran, the principal sponsor of Hamas, and Hezbollah, another Iran-linked terrorist organization committed to Israel’s destruction, praised Hamas. As sure as night follows day, Israel will retaliate, and millions around the world will blame Israel – and the Jews – ignoring what happened this bloody Saturday. But there’s no denying that what happened on Saturday was an act of terrorism, one that deserves clear, unequivocal condemnation

Persons: Frida Ghitis, Fatah, Khan Younis, Israel, they’re, Benjamin Netanyahu, Netanyahu, Benny Gantz, Joe Biden, Biden, Ursula von der Leyen, ”, Emmanuel Macron, “, Olaf Scholtz, Narendra Modi, Abraham, Israel – Organizations: CNN, Washington Post, Politics, Hamas, Frida Ghitis CNN, Muslim, Associated Press, Palestinian Health Ministry, EU, Dutch, Israel, UN Security Council, United, United Arab Emirates, Abraham Accords Locations: Iran, Gaza, Israel, Egypt, Sderot, Tel Aviv, Gaza City, ” Ukraine, Qatar, Saudi Arabia, United Arab

☆ The US Navy turned the tables on Iran, sending drones that look like speedboats to spy on its warships and troublesome gunboats
▼ + stars: | 2023-10-06 | by ( Jake Epstein | ) www.businessinsider.com time to read: +8 min

NEW LOOK Sign up to get the inside scoop on today’s biggest stories in markets, tech, and business — delivered daily. US Navy photoAn undated still image released on Oct. 6 from video taken by an Arabian Fox MAST-13 unmanned surface vessel of an Iranian Navy AB-212 helicopter in the Strait of Hormuz. AdvertisementAdvertisementOther images from the September operation that were released by the US Navy on Friday showed an IRGCN warship and an Iranian Navy frigate. An L3Harris Arabian Fox MAST-13 unmanned surface vessel sails in the Arabian Gulf, Jan. 22, during exercise Neon Defender 23. US Navy photoA MARTAC T-38 Devil Ray unmanned surface vessel operates in the Gulf of Aqaba, Mar.

Persons: —, NAVCENT, Joe Baggett, Ray USV, Brad Cooper, Cooper, Arleigh Burke, Alexus, Grynkewich, they'll Organizations: US Navy, Navy, Service, Washington, Islamic Revolutionary Guard Corps Navy, US Naval Forces Central Command, Iranian, Fleet, Iranian Navy, Arabian Fox, US Marines, Coast Guard, Pentagon, Bataan, Ready, 26th Marine Expeditionary Unit, US Air Forces Central Command, Defense Writers Locations: Tehran, Hormuz, Persian, Gulf of Oman, Iran, Arabian, Panama, Strait, Iranian Navy, Iranian, NAVCENT, Gulf, Aqaba, Mar

☆ A fierce naval battle 35 years ago shows how destructive another US showdown with Iran could get
▼ + stars: | 2023-08-14 | by ( Paul Iddon | ) www.businessinsider.com time to read: +9 min

More than 50 IRGCN and Iranian Navy personnel were killed, while the US lost one SeaCobra helicopter and its two crew members. After all, Iran has made significant changes to its naval forces and tactics over the past 35 years, becoming "much more asymmetric," according to Bryan Clark, a senior fellow at the Hudson Institute and expert on naval operations. Iran's naval force now consists of the Islamic Revolutionary Guard Corps Navy, known as the IRGCN, and the regular Iranian Navy, Clark told Insider. The Iranian Navy still primarily consists of frigates and corvettes, which operate outside the Gulf, and is much more like other conventional navies. Iranian Navy warship Sahand in Persian Gulf near the Strait of Hormuz in April 2019.

Persons: Biden, Earnest Will, Chance, Samuel B, Roberts, Bryan Clark, Clark, Nadimi, Abu Musa Island, IRGC, Morteza, Kyle Jia Iran's, weren't, Paul Iddon Organizations: Service, US Navy, US, Iranian Revolutionary Guards, Islamic Revolutionary Guard Corps Navy, US Naval Forces Central Command, Fleet, SS, Iranian Navy, Hudson Institute, Washington Institute for Near East, Iran's Navy, REUTERS, Getty, US Marines, US Marine Corps Locations: Persian, Iran, Wall, Silicon, China, Marshall, Iranian, Gulf, Strait, Hormuz, Tehran, Iraq, SS Bridgeton, Abu Musa, Handout, Persian Gulf, Soviet Union, Lebanon, Bataan

☆ A video appears to show Ukrainian special forces raiding a Russian-occupied island using US speedboats firing heavy machine guns
▼ + stars: | 2023-07-15 | by ( Alia Shoaib | ) www.businessinsider.com time to read: +3 min

A video shows Ukrainian naval forces raiding a Russian-occupied island in the Dnipro River. The Ukrainian forces deployed troops from the 73rd Special Forces Maritime Center to attack in two speedboats. Footage taken from a camera on the boat as well as from a drone shows the Ukrainian boats speeding towards the outpost while firing on it with a heavy machine gun. Russian boats are then deployed to the area, and the Ukrainian forces attack them using drones. The area has faced continued shelling by Russian forces ever since, according to The Kyiv Post.

Organizations: Service, Kyiv Post, US Navy, 73rd Special Forces Maritime Center, Post, Willard Sea Force, Willard Sea, Ukrainian Navy, Russian Locations: Ukrainian, Russian, Dnipro, Wall, Silicon, Kherson, Kyiv, Ukraine, Russia, Kherson Oblast

☆ Yacht maker’s westward detour comes at a price
▼ + stars: | 2023-06-27 | by ( ) www.reuters.com time to read: +2 min

LONDON, June 27 (Reuters Breakingviews) - Hong Kong-listed Ferretti went the extra mile to ensure its shares could finally trade in Europe. At 13 times its expected 2023 net profit , Ferretti traded at a discount to rival Sanlorenzo’s (SNL.MI) 15 times multiple. That’s a modest outcome for a company that has laboured since 2019 to try and list in its Italian home base. That compares to the 2.5% fee Italian gambling company Lottomatica (LTMC.MI) paid for its Milan market debut in May. Weichai will still hold on to nearly a third of Ferretti’s shares after its Milan listing.

Persons: Ferretti, pricey Riva speedboats, Sanlorenzo’s, Weichai, Goldman Sachs, Danilo Iervolino, Karel Komárek, Alberto Galassi, Yawen Chen, Aston Martin, Lisa Jucca, Oliver Taslic Organizations: Reuters, JPMorgan, Milan, Twitter, ICICI Bank, Siemens, Thomson Locations: Hong Kong, Europe, Milan, Abu Dhabi, China, Canada

☆ Russia repelled a mass attack by Ukraine's high-speed marine drones on a reconnaissance warship in the Black Sea, Moscow says
▼ + stars: | 2023-06-11 | by ( Isobel Van Hagen | ) www.businessinsider.com time to read: +3 min

Ukraine unsuccessfully attacked a Russian warship in the Black Sea, Russia's defense ministry said. Russia said Ukraine used six unmanned boats to try and attack the ship on Sunday. The Black Sea peninsula was invaded by Russian forces and illegally annexed by Putin in 2014. At the time of Ukraine's attempted attack, an American RQ-4 Global Hawk unmanned surveillance aircraft was in the central part of the Black Sea, the ministry's statement added. In May, a Russian warship, the Ivan Khurs, was attacked by three unmanned speedboats in the Black Sea.

Persons: —, Ukraine's, Ivan Khurs Organizations: Service, Russian, Ukrainian Armed Forces, Reuters, Russia's Defence Ministry, Russian Defence Ministry Locations: Ukraine, Russian, Russia, Moscow, Ukrainian, Sevastopol —, American, Europe, Turkey, Black

☆ Yacht maker’s Italy pivot shows the way for Prada
▼ + stars: | 2023-06-08 | by ( Yawen Chen | ) www.reuters.com time to read: +4 min

LONDON, June 8 (Reuters Breakingviews) - Chinese-owned yacht maker Ferretti is testing uncharted waters. Prada shares have been trading exclusively in the Asian financial centre since the company’s 2011 initial public offering. For Ferretti, Hong Kong has provided a helpful springboard. Ferretti shares trade at 12 times expected net earnings of 78 million euros this year, lower than Milan-listed rival Sanlorenzo’s (SNL.MI) 15 times multiple. In Hong Kong many shares still exist as physical certificates; these are traded electronically only after being deposited in a centralised system.

Persons: Ferretti, Riva speedboats, Prada, Miuccia Prada, Patrizio, Alberto Galassi, Sanlorenzo’s, Lorenzo Bertelli, Lisa Jucca, Oliver Taslic Organizations: Reuters, Hollywood, Weichai Group, Reuters Graphics Reuters, Weichai, Ferretti International Holding SpA, Hong Kong Stock Exchange, Thomson Locations: Hong Kong, Milan, Italy, China, China’s

☆ Russian warship protecting pipelines attacked by 3 Ukrainian marine drones in the Black Sea, Russian officials say
▼ + stars: | 2023-05-25 | by ( Isobel Van Hagen | ) www.businessinsider.com time to read: +3 min

Ukraine attacked the Ivan Khurs with three uncrewed speedboats, Russian officials said. The raid on the Russian warship in the Black Sea failed to cause any damage, they claimed. Footage posted by Russian officials shows the Russian ship firing shots, striking and destroying one of the uncrewed boats. The Ivan Khurs is one of Russia's most modern ships in the Black Sea fleet and has a crew of 120. Last year, Ukrainian officials accused Russia of purposefully slowing grain shipments in the area, the New York Times reported.

☆ The UK is sending Ukraine a newer, longer-range missile that lets humans guide it all the way to the target
▼ + stars: | 2022-12-23 | by ( Michael Peck | ) www.businessinsider.com time to read: +5 min

Brimstone missiles are anti-armor weapons, and the original has already been sent to Ukraine. Brimstone 2 has an added feature: the ability for a human to guide the missile to its target. The Brimstone 2 is a longer-range version of the original Brimstone air-launched anti-tank missile already issued to Ukrainian forces. A Brimstone missile at British Royal Air Force base RAF Marham in December 2015. Brimstone missiles are visible at the lowest point under the fuselage.

☆ Inflation forces mom and pop restaurants and chains like McDonald's to lean on their strengths
▼ + stars: | 2022-11-20 | by ( Amelia Lucas | ) www.cnbc.com time to read: +6 min

In response to that drop-off, both chains and independents are working to address the cost factor without alienating diners. Aaron Allen, founder and CEO of restaurant consultancy Aaron Allen & Associates, compared restaurant chains to oil tankers and independents to speedboats. Kate Bruce, owner of The Buttery Bar in Brooklyn, said she's been facing higher costs for everything from labor to cooking oil to energy. Portillo's restaurant chain CEO Michael Osanloo said independents do have greater flexibility when it comes to changing prices. Consumers care more about prices when they're visiting a chain restaurant, according to findings from a survey of roughly 2,400 U.S. consumers conducted by PYMNTS.

☆ Former heavyweight boxer charged with trafficking 22 tons of cocaine worth $1B through U.S. ports
▼ + stars: | 2022-11-01 | by ( ) www.nbcnews.com time to read: +2 min

A former heavyweight boxer from Montenegro was charged by the U.S. Department of Justice on Monday with trafficking in 22 tons of cocaine worth over $1 billion, most of which was part of one of the largest cocaine seizures in American history. The complex operation required knowledge of each ship’s crew, route and location data, and that there was room to store drugs in shipping containers that were already aboard, prosecutors said. According to court papers, Gogic oversaw the logistics, coordinating with crew members, Colombian traffickers and European dockworkers to benefit himself and his Balkan-based cartels. He maintains his innocence, and had come to the U.S. for a boxing convention in Puerto Rico.”At least eight Gayane crew members have pleaded guilty to conspiracy charges. According to online records, Gogic was a boxer from 2001 to 2012, winning 21 bouts and losing four with two draws.

☆ U.S. charges former Montenegro boxer over 22-ton, $1 billion cocaine seizure
▼ + stars: | 2022-10-31 | by ( Jonathan Stempel | ) www.reuters.com time to read: +2 min

NEW YORK, Oct 31 (Reuters) - A former heavyweight boxer from Montenegro was charged by the U.S. Department of Justice on Monday with trafficking in 22 tons of cocaine worth over $1 billion, most of which was part of one of the largest cocaine seizures in American history. The complex operation required knowledge of each ship's crew, route and location data, and that there was room to store drugs in shipping containers that were already aboard, prosecutors said. According to court papers, Gogic oversaw the logistics, coordinating with crew members, Colombian traffickers and European dockworkers to benefit himself and his Balkan-based cartels. At least eight Gayane crew members have pleaded guilty to conspiracy charges. According to online records, Gogic was a boxer from 2001 to 2012, winning 21 bouts and losing four with two draws.

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