RTX's Raytheon Awarded $24.4B Missile Contract as Trump Finally Admits Stockpiles "A Little Bit Lower"

China Introduces Pistol-Like Coil-Gun Based On Electromagnetic-Launch Systems Authored by Bojan Stojovski via Interesting Engineering, A new handheld coil gun developed in China is designed for discreet, non-lethal use, including law enforcement operations, state broadcaster CCTV reported. Capable of firing between 1,000 and 2,000 rounds per minute, the weapon can penetrate wooden boards from distances of several dozen yards. Its adjustable power settings allow it to incapacitate rather than kill when set lower. China develops electromagnetic weapon for covert operations.Gamersky The compact electromagnetic launcher features a 12-inch barrel and is light enough to...

Central Banks Cannot Fix The Sovereign Debt Bubble Authored by Daniel Lacalle via dlacalle.com, Global investors spend a great deal of time worrying about an alleged artificial intelligence bubble. However, they should pay more attention to the government debt bubble. The most dangerous assumption is that governments can keep borrowing and making promises because central banks will always step in, disguising fiscal irresponsibility with quantitative easing programs. Many market participants hail debt accumulation and expanding government size in the economy because they believe it will create asset inflation forever. However, encouraging...

From Trucks To Tanks: Pentagon Looks To Automakers To Rebuild America's Arsenal With two active conflict areas in Eurasia - the Russia-Ukraine conflict in Eastern Europe and the U.S.-Iran theater in the Gulf - the world is moving deeper into a war cycle. The latest indicator is not only that militaries around the world are beginning to stockpile one-way attack drones, but also the early-stage push to convert underused civilian industrial capacity, including struggling auto production lines, into wartime manufacturing hubs. The Wall Street Journal is out with a new report...