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☆ The US Navy's Red Sea fight is more intense than even the Tanker War in the 1980s, destroyer captain says
▼ + stars: | 2024-07-20 | by ( Jake Epstein | ) www.businessinsider.com time to read: +8 min

One rare exception to this was the Tanker War that was a part of the larger Iran-Iraq War in the 1980s. "And that's why I compare that more so to World War II than, I'd say, even outpacing what was seen during the Tanker War." Specifically from the perspective of the almost non-stop air-defense engagements, the Red Sea fight has definitely been more intense than anything the US Navy has seen since World War II, including the Tanker War, he said. AdvertisementThe Second World War was much more intense given the fleets that were facing off. "Certainly, it's the most intense air-defense challenge we've encountered in a long time," Macy said of the Red Sea fight.

Persons: —, Houthi, Mason, Dwight D, Cmdr, Justin Smith, Samantha Alaman, Carney, Smith, Eisenhower, Archer Macy, Mark Duncan, Macy, we've Organizations: Service, US Navy, Business, Eisenhower Carrier Strike Group, Navy, Tanker, AP, Center for Strategic, Studies ' Missile Defense, US Locations: Gulf of Aden, Korea, Vietnam, Iran, Iraq, Gulf, Aden, Persian Gulf, Tehran, Iraqi, Red, Persian, Salle, La Salle, Okinawa, Yemen

☆ Destroyer captain says the US Navy's Red Sea fight is more intense than even the Tanker War in the 1980s
▼ + stars: | 2024-07-20 | by ( Jake Epstein | ) www.businessinsider.com time to read: +8 min

☆ German frigate Hessen sailors were on watch 12 hours a day in the Red Sea with only seconds to react to threats in the 'worst case scenario'
▼ + stars: | 2024-04-22 | by ( Jake Epstein | ) www.businessinsider.com time to read: +4 min

Read previewSailors aboard a German warship that was recently deployed to the Red Sea were on watch for 12 hours a day, and in the "worst" situations, they might've only had seconds to respond to the deadly Houthi threats endangering ships in these waters. The Hessen, a Sachsen-class frigate, left the Red Sea and entered the Suez Canal on Saturday after spending nearly 60 days operating in Middle Eastern waters, Germany's military said Monday. Around 240 crew members aboard the Hessen were on "a permanent war march" during the mission, the German military said in a statement, according to a translation. German military photoThe short timeframe underscores how fast some of the Houthi threats are. In late-February, the Hessen accidentally targeted a US MQ-9 Reaper drone that was operating around the Red Sea and fired several missiles at the aircraft.

Persons: —, Bab, Volker Kübsch, Kübsch Organizations: Service, Business, US Navy, German Navy, Navy, Aspides, Sachsen Locations: Hessen, Sachsen, Suez, Yemen, Gulf, Aden, Mandeb, Germany, Wilhelmshaven, Hamburg

☆ Libyan leaders agree to form new unified government
▼ + stars: | 2024-03-11 | by ( Story Reuters | ) edition.cnn.com time to read: +2 min

Reuters —Three key Libyan leaders said on Sunday they had agreed on the “necessity” of forming a new unified government that would supervise long-delayed elections. The leaders are the president of the Presidential Council (PC) Mohamed Menfi, the head of High State Council (HSC) Mohamed Takala, who are both based in Tripoli, and Aguila Saleh, speaker of the House of Representatives (HoR) in Benghazi. In a joint statement, the three leaders also called on the UN Mission in Libya and the international community to support their proposals. Dbeibah has vowed not to cede power to a new government without national elections. Last week, Central Bank governor Sadiq Kabir wrote to parliament asking it to approve a new unified government and a national budget over GNU extent spending.

Persons: Mohamed Menfi, Mohamed Takala, Aguila Saleh, ”, General Ahmed Aboul Gheit, ” Menfi, Menfi, Abdulhamid, Dbeibah, Sadiq Kabir Organizations: Reuters, Presidential Council, High State, UN, Arab League, Government of National Unity, GNU, Central Bank Locations: Libya, Tripoli, Benghazi, Cairo, UN, NATO

☆ A W-2 employee explains how he used real estate to reduce federal taxes on his $300,000 salary by 99% — plus a 2-step process to qualify for the deductible
▼ + stars: | 2024-02-17 | by ( Laila Maidan | ) www.businessinsider.com time to read: +9 min

Not everyone qualifies for bonus depreciation deductions by default. “Any property could qualify for accelerated and bonus depreciation,” said Brandon Ford, a CPA and finance director at C3, a real-estate investment firm. Determining the deductibleOnce you qualify for the deduction, you must determine how much you can claim from bonus depreciation. To determine what Michael could deduct, he reviewed his property tax statement, a publicly available record on the county website. In order to qualify for bonus depreciation, he ordered a cost segregation study, which is a third-party service similar to an appraisal.

Persons: Michael Hyun, Eileen, Michael, what’s, ”, Eileen’s, Brandon Ford, Michael said, Ford, ” Ford, Hyun, —, That's Organizations: Business, Bay Area, IRS, CPA Locations: California, Bay, Alameda County

☆ A Leading Memory Researcher Explains How to Make Precious Moments Last
▼ + stars: | 2024-02-04 | by ( David Marchese | ) www.nytimes.com time to read: +9 min

Mamadi Doumbouya for The New York Times Talk A Leading Memory Researcher Explains How to Make Precious Moments LastOur memories form the bedrock of who we are. Tell me more about what you mean when you say “illusion.” I probably overstated it with the word “illusion,” but there is an illusionary component. But if you think about it from an evolutionary perspective, memory, often, is educated guesses by the brain about what’s important. You know, the training environment I was in was very down on psychoanalysis, but it always comes back to memory. We have these little compartments that are rooted somewhat in memory that we can access at different moments.

Persons: Mamadi Doumbouya, ”, Charan Ranganath, Davis, Ranganath, ” Ranganath, You’re, “, shoplifted, there’s, We’re, Charan, UC Davis, you’re, you’ve, Sasha Bakhter, It’s, hadn’t Organizations: The New York Times, University of California, UC, Smiths, UC Davis Locations: Davis

☆ Millions at risk as California braces for record rainfall and high winds
▼ + stars: | 2024-02-04 | by ( Leila Sackur | ) www.cnbc.com time to read: +4 min

Atmospheric rivers caused downpours in the Bay Area on Wednesday, bringing cable car services to a halt, before moving on to Los Angeles and San Diego by Thursday. Officials in Santa Barbara County raised evacuation advisories to orders on Saturday, calling on residents to be at a "very high state of readiness." Heavy rain and extreme weather caused roadway erosion at San Onofre's lower parking lot, with images on social media showing sections of the lot collapsing onto the beach below. A Sunday update from the National Weather Service Weather Prediction Center predicted risks of rainfall exceeding flash flood guidance across swathes of the state with "high risk" — estimated at 70% probability — for San Diego and Orange Counties. The storm comes as the San Diego County Medical Examiner's Office announced it was investigating three deaths in late January as related to California's last encounter with heavy storms.

Persons: Santa Barbara County, Gloria Sandoval, Flood, Gavin Newsom's Organizations: National Weather Service, Bay Area, California State Parks, NBC, Prediction, Orange Counties, San Diego, Examiner's Locations: California, Encinitas , California, U.S, Monterey County, Jose, Guadalupe, Santa Cruz, San Jose, downpours, Bay, Los Angeles, San Diego, Santa Barbara, Central Coast, Angeles County, Sonoma , Marin, San Francisco, Monterey, San Luis Obispo, Southern California's, Orange, San Diego County

☆ Israel sharpens warning to Lebanon as cross-border hostilities spike
▼ + stars: | 2023-11-12 | by ( Dan Williams | ) www.reuters.com time to read: +3 min

The chief Israeli military spokesperson, Rear Admiral Daniel Hagari, described Hezbollah as "the defender of Hamas-ISIS", in reference to the Islamist Palestinian faction whose cross-border rampage against Israel on Oct. 7 sparked a devastating Gaza war. Hezbollah leader Hassan Nasrallah on Saturday described the Israel front as "active". A rocket set off sirens near the Israeli port city of Haifa, 27 km (17 miles) from the Lebanese border, but caused no casualties. Smoke rises as seen from Israel-Lebanon border in northern Israel, November 12, 2023. Residents of villages and towns on the Lebanese border have evacuated southward even as Gaza border communities hit by Hamas emptied, making for some 250,000 internally displaced Israelis.

Persons: Daniel Hagari, Hassan Nasrallah, Israel, Evelyn Hockstein, Rights Israel, Hagari, Antonio Guterres, Fareed Zakaria, Guterres, Maayan Lubell, Crispian Balmer, Giles Elgood Organizations: ISIS, Palestinian, Saturday, Sunday, Lebanese, REUTERS, Rights, IDF, Thomson Locations: Israel, Gaza, Haifa, Lebanese, Lebanon, Beirut, Iran

☆ Libyan PM sacks foreign minister as row over Israel meeting grows
▼ + stars: | 2023-08-28 | by ( ) www.reuters.com time to read: +5 min

[1/2] Libyan Foreign Minister Najla el-Mangoush attends a joint press conference at the conclusion of the Libya Stabilization Conference, in Tripoli, Libya, October 21, 2021. Mangoush had said her meeting with Israeli Foreign Minister Eli Cohen in Rome was unplanned and informal, but an Israeli official told Reuters it had lasted two hours and was approved "at the highest levels in Libya". The meeting is contentious because Libya does not formally recognise Israel and there is widespread public support across the Libyan political spectrum for the Palestinian cause of creating an independent state in territory Israel occupies. The Libya prime minister sees Israel as a possible bridge to the West and the U.S. administration," the official said. Libya's parliament based in the east, which rejects the GNU, said on Sunday it would hold hearings into the meeting with the Israeli minister.

Persons: Najla, Mangoush, Hazem Ahmed, Najla Mangoush, Eli Cohen, Abdulhamid, Muammar Gaddafi, Cohen, Antonio Tajani, Dbeibah, Libya's, Abraham, Francesco Galietti, Giorgia Meloni, Dan Williams, Francesca Landini, Gavin Jones, Angus McDowall, James Mackenzie, Peter Graff, Mark Heinrich, Conor Humphries Organizations: Libyan Foreign, Libya Stabilization Conference, REUTERS, Rome Israeli, Israeli, Reuters, Protesters, Libya's Foreign, Palestinian, Libyan, U.S, United Arab, Abraham Accords, of National Unity, GNU, UAE, High State Council, Dbeibah, Italian, Thomson Locations: Libya, Tripoli, Rome, TRIPOLI, JERUSALEM, Israel, Benghazi, Italian, Italy, United Arab Emirates, Bahrain, Morocco, Sudan, United States, Dbeibah's, Reuters Libya, Jerusalem

☆ Libya's Haftar backs creation of new government in challenge to Tripoli
▼ + stars: | 2023-06-17 | by ( ) www.reuters.com time to read: +2 min

BENGHAZI, Libya, June 17 (Reuters) - Libya's eastern forces under commander Khalifa Haftar support a proposal to set up a new interim government, they said late on Friday, setting up a challenge to the existing administration in Tripoli. The committee's recommendations have been adopted by parts of Libya's divided political establishment and rejected by others. The eastern-based parliament, which has been allied to Haftar, rejected Dbeibah's mandate but the new prime minister it designated was unable to replace the Tripoli government, leading to a long political standoff. Diplomacy has focused on bringing the parliament and another legislative body, the High State Council, to agree clear rules for an election aimed at resolving Libya's political stalemate. Critics of Libya's political elite believe they have little intention of holding elections that could remove them from power and are more focused on control over government in Tripoli and its access to state resources.

Persons: Khalifa Haftar, Abdulhamid, Haftar, Ayman al, Angus McDowall Organizations: Tripoli . Haftar's Libyan National Army, NATO, of National Unity, High State Council, Dbeibah, Thomson Locations: BENGHAZI, Libya, Tripoli . Haftar's, Dbeibah, Tripoli, Dbeibah's, Warfali, Benghazi

☆ When Will Gas Prices Go Down?
▼ + stars: | 2023-06-10 | by ( ) www.wsj.com time to read: +10 min

Gas price outlook for 2023When you venture out during the summer travel season, expect gas prices to remain steady through September—mostly due to overseas economic pressures. “When per-barrel prices go up, gas prices go up. By that time, the EIA estimates gas prices will drop to roughly $3.09 per gallon—a near-50-cent price break from today’s prices. Other factors affecting gas pricesWhile supply and demand are the leading factors that dictate oil and gas prices, they aren’t the only players. The Google Maps app also has a gas pump icon under the main search bar that will highlight local gas prices.

Persons: ”, Stuart Katz, Robertson Stephens, “, we’ve, John LaForge, Barack Obama, Biden, Katz, — you’ll Organizations: U.S . Energy Information Administration, Organization of, Petroleum, Energy, Wells, Wells Fargo Investment Institute, Strategic Petroleum Reserve, Bush, Hurricane, International Energy Agency, Treasury Department, State Tax Gas, of, PayPal, Google, Gas, Shell, Exxon, Mobil, Consumer, Lexus, Ford, University of California Locations: Ukraine, Russia, China, Wells Fargo, Persian, West Coast, California, Arizona, Pennsylvania, Mississippi, Washington, Hawaii, Illinois, Alaska, New Jersey, Connecticut, Los Angeles

☆ Libya political leaders to meet on electoral laws
▼ + stars: | 2023-06-05 | by ( ) www.reuters.com time to read: +3 min

However 61 HoR members and some HSC members have already objected to the way their leaders have been negotiating their agreement, and have said they will oppose its ratification. The HoR was elected as a national parliament in 2014 to a four-year term. The HSC was created as part of a political agreement in 2015 from members of an earlier interim parliament elected in 2012. However, under a 2015 political agreement, the international community requires both bodies to approve any new constitutional rules allowing an election, or a change in government. Many Libyans have voiced scepticism that their political leaders are negotiating in good faith, believing them to be unwilling to bring forward elections that might remove them from their positions of power.

Persons: finalise, Aguila Saleh, Khaled, Mishri, Adoulaye Bathily, HoR, Muammar, Abdulhamid, Dbeibah, Saleh, Angus McDowall, Andrew Heavens Organizations: High State, Morocco, NATO, of National Unity, Meshri, Reuters, Thomson Locations: TRIPOLI, Morocco, Muammar Gaddafi, Libya, Tripoli, Reuters Libya

☆ Ford F-150 Lightning fire footage highlights a growing EV risk
▼ + stars: | 2023-04-20 | by ( Michael Wayland | ) www.cnbc.com time to read: +13 min

EV fires have become a growing concern as automakers push to increase sales of electric vehicles and meet tightening emissions standards. An electric Ford F-150 Lightning caught fire on Feb. 4, 2023 due to a battery issue traced back to one of the automaker's suppliers. A bill that requires them to complete a training program about the risk of electric vehicle fires passed unanimously this year. There's also the risk of reignition: Lithium-ion battery fires can re-engage weeks later with little to no warning. An electric Ford F-150 Lightning caught fire on Feb. 4, 2023 due to a battery issue traced back to one of the automaker's suppliers.

☆ 3 ways to make your money work harder during uncertain times
▼ + stars: | 2023-04-07 | by ( Sponsor Post | Created Insider Studios With Bask Bank | ) www.businessinsider.com time to read: +8 min

For example, Bask Bank — an FDIC-insured institution backed by Texas Capital Bank* — offers three account types with unique returns that outperform the national average. Besides their low initial deposit requirement, "Our CDs offer customers the ability to lock in your preferred interest rate," Gray said. Bask Bank offers CDs in term lengths of 6, 12, 18, and 24 months with APYs of up to 4.70% ***. "Buying a last-minute ticket can be really expensive, but often you can save money by using miles," Gray said. Bask Interest Savings Accounts Rates effective as of Friday, March 17, 2023:*** The Annual Percentage Yield is effective as of Monday, March 20, 2023.

☆ High state taxes spark exodus: Impact of faltering tax revenue
▼ + stars: | 2023-04-06 | by ( ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailHigh state taxes spark exodus: Impact of faltering tax revenueJudd Gregg, former U.S. Senator (R-N.H.), and Michael Gianaris, U.S. Senator (D-N.Y.) join 'Squawk Box' to discuss Gianaris and Gregg's thoughts on high tax states like California and New York.

☆ U.N. Libya envoy points to 'alternatives' if political bodies duck electoral pact
▼ + stars: | 2023-03-24 | by ( Angus Mcdowall | ) www.reuters.com time to read: +4 min

Envoy Abdoulaye Bathily is seeking to break Libya's long internal stalemate with an election this year to replace transitional political bodies that have long outlived their mandates. He announced a new initiative last month to speed up the political process, prompting the two legislative bodies, the House of Representatives (HoR) and the High State Council (HSC), to set up a committee to look at electoral laws. "They have to deliver on this in a timely manner," he told Reuters in an interview on Friday from Tripoli. Bathily earlier this month said the legislative bodies' committee would have to approve clear electoral laws in June in order for a national vote to go ahead this year. Many Libyans are also doubtful about any election in a country where most territory is controlled by armed factions that may back or oppose particular candidates even if the political bodies can agree to rules.

☆ China's military says U.S. warship illegally entered waters in South China Sea
▼ + stars: | 2023-03-23 | by ( ) www.cnbc.com time to read: 1 min

China's military said on Thursday it monitored and drove away a U.S. destroyer that had illegally entered waters around the Paracel Islands in the South China Sea. In a statement, the military said without the approval of the government, the guided-missile destroyer Milius illegally intruded into China's territorial waters, undermining peace and stability in the busy waterway. "The theater forces will maintain a high state of alert at all times and take all necessary measures to resolutely safeguard national sovereignty and security and peace and stability in the South China Sea," said Tian Junli, a spokesman for China's Southern Theater Command.

☆ China's military says US warship illegally entered waters in South China Sea
▼ + stars: | 2023-03-23 | by ( ) www.reuters.com time to read: +1 min

BEIJING, March 23 (Reuters) - China's military said on Thursday it monitored and drove away a U.S. destroyer that had illegally entered waters around the Paracel Islands in the South China Sea. In a statement, the military said without the approval of the government, the guided-missile destroyer Milius illegally intruded into China's territorial waters, undermining peace and stability in the busy waterway. "The theater forces will maintain a high state of alert at all times and take all necessary measures to resolutely safeguard national sovereignty and security and peace and stability in the South China Sea," said Tian Junli, a spokesman for China's Southern Theatre Command. Tension between the United States and China has been growing in the area. The United States has been shoring up alliances in the Asia-Pacific seeking to counter China's assertiveness in the South China Sea and the Taiwan Strait, as Beijing seeks to advance its territorial claims.

WASHINGTON, March 22 (Reuters) - The United States is "actively" working on re-establishing a diplomatic presence in Libya, U.S. Secretary of State Antony Blinken said on Wednesday, although he declined to provide an exact time on when the U.S. embassy can be reopened. U.S. Special Envoy for Libya, Richard Norland, has operated out of the Tunisian capital, and took occasional trips into Libya. "I can't give you a timetable other than to say that this is something we're very actively working on. I want to see us be able to re-establish an ongoing presence in Libya," Blinken said at a Senate Appropriations subcommittee hearing. The United Nations' special envoy for Libya last month moved to take charge of a stalled political process to enable elections that are seen as the path to resolving years of conflict.

☆ Ford Recalls 18 F-150 Lightning EV Trucks to Fix Battery Defect
▼ + stars: | 2023-03-10 | by ( Nora Eckert | ) www.wsj.com time to read: 1 min

Battery powered F-150 Lightning trucks on a production line at the Rouge Electric Vehicle Center in Dearborn, Mich.Ford Motor Co. is recalling 18 F-150 Lightning electric pickup trucks after determining that a battery cell manufacturing problem led to a vehicle fire in early February. The root cause of the Feb. 4 fire, which occurred during a pre-shipment quality check, was related to an internal battery short circuit that can occur when the vehicle is at a high state of charge, a Ford spokeswoman said.

☆ Ukraine's economy stabilizes after shock of war
▼ + stars: | 2023-02-27 | by ( Olena Harmash | ) www.reuters.com time to read: +9 min

The economy shrank by a third last year, the largest fall since Ukraine's independence from the Soviet Union in 1991. ArcelorMittal Kryvyi Rih, Ukraine's largest steel mill, said its production was currently at about 25% of pre-war levels amid electricity blackouts. Ukraine's central bank predicts GDP will grow by 0.3% this year, while the economy ministry forecasts 3.2% growth. The agreement saved Ukraine's agriculture, which accounted for about 12% of GDP and some 40% of overall exports before the war. The steel sector, a key pillar of the economy, is among the hardest hit.

☆ Ukraine's 'cat and mouse' battle to keep Russian missiles at bay
▼ + stars: | 2022-12-22 | by ( Tom Balmforth | ) www.reuters.com time to read: +8 min

It is ground-based air defence units that shoot down the vast majority of missiles and drones, not ageing warplanes, Air Force spokesman Yuriy Ihnat said. "Air defences don't remain in one place: we can't cover the whole country..." Ihnat said. "So we usually know what objects are under attack, we can build around those objects some kind of air defence," he said. "Our Soviet air defence system is being depleted - that is the S-300 and the BUK, which are the foundation. Western air defence systems supplied to Ukraine have performed well, but supplies are far short of what is needed, according to both air force officials.

☆ Time-off policies are more generous than ever. So why does everyone feel more burned out than ever?
▼ + stars: | 2022-09-21 | by ( Molly Lipson | ) www.businessinsider.com time to read: +10 min

Nearly a fifth of respondents said they avoided taking vacation time for fear of being seen as not committed enough to their jobs. Many companies don't adjust their expectations based on their new leave policies and simply expect workers to cram in the same amount of work. When it was time to return to work, Paraskeva found herself unable to go in. The hypocrisy of time-off policies makes it clear that they seem to benefit the employer much more than workers themselves. By forcing people to pile on work before they leave and scramble once they return, companies are undercutting their supposedly generous time-off policies and making the workplace worse for everyone.

☆ Ukraine says its troops threaten Russians in Donbas
▼ + stars: | 2022-09-19 | by ( ) www.nbcnews.com time to read: +4 min

Ukrainian troops “have pushed across the Oskil. From yesterday, Ukraine controls the east bank,” the Ukrainian Armed Forces wrote on Telegram late Sunday. All of it.”President Joe Biden also said victory for Ukraine meant removing Russian forces from the entire country, and pledged U.S. support for as long as it takes. “Winning the war in Ukraine is to get Russia out of Ukraine completely and to recognize the sovereignty. Britain said Russian forces had widened strikes on civilian infrastructure following battlefield setbacks and were likely to expand their targets further.

☆ Ukraine allies see risk in Russia's response to battlefield setbacks
▼ + stars: | 2022-09-18 | by ( ) www.cnbc.com time to read: +4 min

Ukrainian soldiers sit on infantry fighting vehicles as they drive near Izyum, eastern Ukraine on September 16, 2022, amid the Russian invasion of Ukraine. Such repeated threats have raised concerns Putin could at some point turn to small nuclear weapons or chemical warfare. It would change the face of war unlike anything since World War Two." Some military analysts have said Russia might also stage a nuclear incident at Zaporizhzhia, Europe's largest nuclear power plant held by Russia but run by Ukrainian staff. His remarks were a reminder of the risks of escalation as the United States and its NATO allies aid Ukraine from a distance.

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