Showing posts with label united states. Show all posts
Showing posts with label united states. Show all posts

Thursday, August 11, 2011

Gone from radar. U.S. military loses contact with hypersonic plane



"New York to L.A. in less than 12 minutes", the highly anticipated Falcon Hypersonic Test Vehicle (HTV-2) has apparently done its job a bit too well since the US military lost contact with the vehicle this Thursday during a test flight. 

The unmanned vehicle had successfully separated from the launch vehicle and was performing "glide phase" maneuvers meant to test its aerodynamics when around 36 minutes into the flight contact with the plane was lost.

Earlier in April 2010 something similar has occurred with another Falcon Hypersonic plane (HTV-1), only then a loss of contact occurred in barely 9 minutes into the flight. But those nine minutes of testing didn't seem to be completely in vain since the flight has provided some key information about flying 22 times faster than a commercial jetliner.  

The HTV-2 vehicle -- a prototype for a Prompt Global Strike weapons program -- is built to be capable of reaching Mach 20-approximately 20 times the speed of light. At that speed a vehicle could fly from Los Angeles to New York City in 12 minutes, according to DARPA. 

DARPA: "The ultimate goal is a capability that can reach anywhere in the world in less than an hour".

Whether it will be possible or not, one thing is for sure: this is one badass expensive project and seeing the current standings of the American economy, I don't know if now would be the right time to be spending money on this.

sources: nu, CNN, chinadaily     

Volatility reigns in global markets

The US stock exchange opened with an unexpected upswing on Thursday, as European stocks dropped due to concerns over the financial health of French banks.


The Dow Jones industrial average increased 1.08 per cent, while the technology-heavy NASDAQ Composite Index rose 1.54 per cent. Both had experienced deep losses by the close of US markets on Wednesday.

After an early rebound, bank shares across Europe were down, some sharply, including Societe Generale, which has followed up Wednesday's 15 per cent decline with another eight per cent drop.

As a result, France's CAC-40 underperformed its peers, trading 0.92 per cent lower, while the FTSE 100 index of leading British shares rose 0.44 per cent. Germany's DAX fell 0.15 per cent.

The wide swings in recent days across time zones highlight how volatile markets are at the moment due to concerns over the global economy and debt levels in the US and Europe.

"It just goes to show how quickly confidence can evaporate. Markets are incredibly volatile at the moment," said Angus Campbell, head of sales at Capital Spreads.

"Just because you see a bounce early on, does not mean it is going to be maintained. There are concerns, despite what central banks and ratings agency, say that French banks are over exposed to the peripheries."


European concerns
French President Nicolas Sarkozy called key ministers back from holiday to talks in Paris on Wednesday.

His office described the talks as a "working meeting on the economic and financial situation".

An information brief issued afterwards stated: "The head of state [Nicolas Sarkozy] reiterated that the commitments to reduce the public deficit are inviolable and will be adhered to no matter how the economic situation evolves."

Local media described the meeting as an attempt to reassure markets and protect France's top-notch credit rating.

France will decide on August 24 on a new budget action to ensure it meets its target to cut the public deficit.

Meanwhile, Italy is expected to call an emergency cabinet meeting as early as Friday to approve new austerity measures to balance the budget by 2013.

Economy Minister Giulio Tremonti told parliament that he would present the austerity measures to President Giorgio Napolitano on Thursday, but could not discuss them while the markets were still open.

Prime Minister Silvio Berlusconi told unions that the measures would be approved on August 18 by decree.

Drops in Asia
Asian stock markets mostly fell on Thursday but closed off their earlier lows as traders went bargain-hunting despite huge falls on Wednesday in Europe and on Wall Street.

Tokyo closed 0.63 per cent lower while Sydney
closed flat, edging down 0.5 points. Hong Kong fell 0.95 per cent after losing 2.54 percent on opening.

Singapore shares closed at a 14-month low on Thursday and Malaysian stocks sagged 0.3 per cent.
But Seoul closed 0.62 per cent higher at 1,817.44 while Shanghai was up 1.27 per cent.

Asian markets have suffered a rollercoaster week, tumbling from Friday to Tuesday on eurozone fears and the US debt downgrade before rebounding Wednesday.

Worried US
The Dow Jones industrial average dropped 519.83 points or 4.62 per cent by closing on Wednesday, while the technology-heavy NASDAQ Composite Index fell 101.47 points or 4.09 per cent.

Tuesday's announcement that the US central bank would keep interest rates near zero for two years had fuelled a short-lived boost in the global market, but failed to assuage worried investors.

"So far, panic has eased but fear remains,'' explained Kit Juckes, an analyst at Societe Generale.

World stock markets had been plummeting since the start of August after a downgrade of the US credit rating on Friday, and the ever-expanding eurozone debt crisis.

Many investors fear the US may be heading back into recession.

Source:
Al Jazeera and agencies



Obama to toughen stance on Syria with call for Assad's departure

The United States is poised to shift its position on Syria by calling on President Bashar al-Assad to step down because of the violence he has inflicted on his own people and his failure to implement meaningful reforms for the last five months.

Barack Obama could issue the demand as early as Thursday in a speech that will mark a dramatic departure in the Syrian crisis. Until now US policy — echoed by Britain and its EU partners — has been that Assad must lead a transition or get out of the way. Now, for the first time, the US president will tell him bluntly to go.
In previous statements Washington has described Assad as "illegitimate" or "part of the past". The White House on Wednesday decried Assad's "heinous actions", and spokesman Jay Carney said: "We are all watching with horror what he is doing to his own people."
Susan Rice, the US ambassador to the UN, said on Wednesday that Washington had evidence of "crimes" in Syria and was ready to use it to step up pressure on Assad.
"He has lost his legitimacy ... and Syria would be a better place without him," Rice said. "We are looking ... to lend support to the people of Syria who have the same aspirations for freedom and democracy that we have seen in so many other parts of the world."
Syrian opposition sources and western diplomats predicted that an unconditional call for his departure would have far-reaching implications, though it would likely be couched in terms of US support for the aspirations of the Syrian people.
The precise timing and content of a presidential statement was still under discussion — partly because the US wants a full account of Assad's six hours of talks on Tuesday with Turkey's foreign minister, Ahmed Davotoglu, officials said.
The British and French governments are considering their response amid doubts in Whitehall about the wisdom of the US move. It was unclear whether the US would also recognise a Syrian opposition government. Unlike in Libya, where the opposition is based in Benghazi, the Syrian rebels have no base inside the country and are divided on key issues.
US media have reported in recent days that the White House is more eager to make the announcement while the state department is more cautious about the ramifications in the likely event that Assad ignores Obama's call.
In continuing violence on Wednesday, 17 people were killed in raids in Homs, al-Jazeera reported. New attacks by security forces were also reported from the north-eastern city of Deir Ez-Zor. Citizen journalists working for Avaaz said there had been nine fatalities there and two near Deraa.
The Turkish ambassador to Syria visited Hama, scene of recent heavy civilian casualties, where his presence reportedly led to the cessation of attacks by security forces. The envoy reported that tanks and heavy weapons were being moved out, Davutoglu said in Ankara.
Saudi residents in Syria were reported to have been arrested in apparent retaliation for Riyadh's criticism of Assad, who King Abdullah described earlier this week as presiding over a "killing machine".
The US also imposed sanctions on Wednesday on the state-owned Commercial Bank of Syria, its Lebanon-based subsidiary and the largest mobile phone operator Syriatel. The US treasury said it was "taking aim at the financial infrastructure that is helping provide support to Assad and his regime's illicit activities".
Signs of a shift in US policy came from the state department on Tuesday. "The message from 2009 was if you are prepared to be a reformer, if you are prepared to work with us on Middle East peace and other issues we share, we can have a new and different kind of partnership," said spokeswoman Victoria Nuland. But "that is not the path that Assad chose."
The US estimates that 2,000 people have been killed during the protests.
A state department spokesman declined to comment further except to say the US wanted to raise the pressure on Assad.