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How Silicon Valley Bank collapsed
  + stars: | 2023-03-20 | by ( Jeff Morganteen | Jordan Smith | Brad Howard | ) www.cnbc.com   time to read: 1 min
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailHow Silicon Valley Bank collapsedSilicon Valley Bank is no more. The question now, though, is whether the collapse of this tech-friendly regional bank is the start of something more serious — or just what happens when higher interest rates give companies less room for error.
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailWounded Ukrainian soldier gets new high-tech limbs with support from U.S. nonprofitRoman Horodenskyi joined the Ukrainian military when he was 18 years old. He lost his arm and leg in a mine explosion while defending Mariupol during the early weeks of the Russian invasion. Revived Soldiers Ukraine, a U.S. nonprofit, connected Roman to a U.S. health-care provider. The prosthetics Roman needed cost around $70,000 to purchase and fit. But Prosthetic Innovations donated time to fit Roman, cutting the cost to Revived Soldiers Ukraine for the prosthertics almost in half.
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailBiden promises more defense aid to Ukraine as Zelenskyy touts 'tank coalition'President Joe Biden announced half billion dollars in military aid to Ukraine during a trip to Kyiv, while Ukrainian President Voldoymyr Zelenskyy called the decision to send Abrams main battle tanks 'the foundation for establishing a tank coalition'. After weeks of political maneuvering, the U.S., Germany and the U.K. have all pledged to send modern tanks to Ukraine, which includes the Abrams, the Leopard 2, and the Challenger 2.
For decades the U.S. Air Force has relied on the E-3 Sentry, and the most recent version, the E-3G, has been upgraded with more modern electronics and software to keep up with new threats. 'The best way to describe it is kind of like the quarterback in the sky," said Air Force Col. Keven Coyle, commander of the 552nd Air Control Wing. In the most recent budget, Congress appropriated an additional $200 million for the Air Force to develop a prototype to meet that need. A Royal Australian Air Force E-7A Wedgetail takes off during Black Flag 22-1 at Nellis Air Force Base, Nevada, May 10, 2022. A U.S. Air Force E-3G taxies on a runway at Tinker AFB By Brad Howard, CNBC
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailInside the U.S. Air Force's E-3G SentryThe E-3 Sentry is nearing the twilight of it's career. The newest version, the E-3G, uses newer electronics and software to keep a watchful eye over friendly and unfriendly skies. But the Air Force is looking towards the future, and the Boeing E-7, a Airborne Early Warning & Control aircraft with a modern design, could be what is needed to keep pace with new threats around the world.
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailHouse Republican disunity could create debt ceiling dilemmaCNBC's Christina Wilkie explains why Kevin McCarthy's tough fight for the House Speakership could mean a debt ceiling clash in 2023.
But what could mark the end of zero-Covid may be just the beginning of China's pandemic problems. Not to mention there are doubts that China's economy will be able to make a swift recovery even as it moves away from zero-Covid. "Between companies that manufacture in China for China, they're not going anywhere," Jeff Moon, China Moon Strategies founder and former assistant U.S. trade representative for China, said in an interview. "But there are also companies that are manufacturing in China for export out of China, and those are the companies that are actually looking to at different locations." Watch the video to learn more about how China's stringent zero-Covid policies collapsed and the challenges the world's second-largest economy faces as it moves to reopen.
The Air Force's new stealth bomber
  + stars: | 2022-12-18 | by ( Brad Howard | Jeff Morganteen | Alex Wood | ) www.cnbc.com   time to read: 1 min
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailThe Air Force's new stealth bomberThe Northrop Grumman B-21 Raider is the Air Force's new stealth bomber. Slated to begin flight tests in 2023, the secretive aircraft was revealed to the public in December 2022. Capable of nuclear and conventional missions, the Air Force plans to use the B-21 to replace an aging bomber force over the coming decades.
The Air Force needs some new bombers. The B-1B Lancer and B-2A Spirit are in the twilight of their careers, and the B-21 Raider, a new stealth bomber produced by Northrop Grumman aims to take over the role as the premier bomber for the United States. Digital design, focused requirements by the Air Force and previous experience by Northrop Grumman in fielding a stealthy flying wing are credited with why the program appears to be on track and on budget. "And that even goes back to the YB-49 jet when Jack Northrop actually created some of the first flying wings.' Watch the video above to find out more about the new high-tech stealth bomber slated to fly in 2023.
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailHere are the three big issues facing Ukraine as a tough winter approachesDespite Ukraine's advances in the Russian occupied eastern part of the country, attacks on the energy infrastructure could make winter worse for Kyiv. Conflict over grain exports, the size of aid supplies and the availability power grid replacement parts could also shift how Ukraine fares during the winter months. And as the conflict wears on, Europe's power situation continues to shift toward a decoupling from Russian energy.
Winter is on the way, and in war-torn Ukraine the fight against Russia appears far from over. And there's the prospect of a tactical nuclear weapon attack or even a meltdown at the Russian-occupied Zaporizhzhia nuclear power plant. Europe is also planning for a long-term change in energy policy, with most countries changing from relying on Russian energy exports. "We are already experiencing a very strong decoupling between Europe and Russia on energy," said Simone Tagliapietra, a senior fellow at Bruegel, a Brussels-based think tank. Watch the video above to find out more about the challenges Ukraine and Europe face this winter, and the potential solutions to these pressing problems.
How midterms may expose GOP rift on Ukraine aid
  + stars: | 2022-11-07 | by ( Brad Howard | ) www.cnbc.com   time to read: 1 min
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailHow midterms may expose GOP rift on Ukraine aidA potential red wave could hit the U.S. House of Representatives and Senate during midterm elections. Now, some Republicans are signaling that cutting Ukraine aid could be an early agenda item if they take a majority in either legislative chamber.
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailTrying to solve the defense industry supply chain crunchThe war in Ukraine and tensions with China have exacerbated a military supply chain that was already stretched thin. Can the defense industry adapt to the current climate of uncertain international politics? Or do domestic concerns, including criticism of the already enormous U.S. defense budget, pose even bigger problems for the industry and government decision-makers?
The war in Ukraine and rising tensions over Taiwan have caused demand for high-tech, American-made weapons to surge. And with the ongoing supply chain crunch and inflation continuing to rise, military industry watchers question whether the U.S. defense sector can keep up. Even with the largest defense budget in the world, the U.S. military is not immune to supply chain challenges. "Next year's national security budget will likely be nearly a trillion and a half dollars," said Julia Gledhill, an analyst at the Center for Defense Information at the Project On Government Oversight. Watch the video above to find out more about the challenges the U.S. defense industry faces, and the potential solutions to break through supply chain bottlenecks and budgetary constraints.
Russia continues mass missiles strikes on Ukrainian cities
  + stars: | 2022-10-12 | by ( Brad Howard | ) www.cnbc.com   time to read: 1 min
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailRussia continues mass missiles strikes on Ukrainian citiesAfter an attack on a bridge connecting Russia and occupied Crimea, Russian President Vladimir Putin escalated his attacks on Ukraine with a wave of missiles targeting Ukrainian cities. In the east, Russia installed a new commander to try and slow down the Ukrainian offensive, which is also racing against the approaching winter.
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailPutin pushes annexation while wielding nuclear threatRussia has declared a partial mobilization in an effort to bolster troops in Ukraine who've been pushed back by Ukrainian forces. A referendum to join Russia in the occupied region of Ukraine has been decried as a farce by Western officials and Ukrainian President Volodymyr Zelenskyy. But the annexation by Russia could lead to a potential escalation of the conflict.
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