Thursday, April 11, 2013

Budget cuts ground Air Force, Navy aircraft

FILE - In a Tuesday, May 29, 2012 file photo, a formation of U.S. Navy Blue Angel fighter jets perform a flyover above graduating Midshipmen during the United States Naval Academy graduation and commissioning ceremonies in Annapolis, Md. The commander of Naval air forces announced on Tuesday, April 9, 2013 that the U.S. Navy has canceled the remainder of the elite Blue Angels demonstration team's 2013 season because of federal cuts. (AP Photo/Patrick Semansky, File)

FILE - In a Tuesday, May 29, 2012 file photo, a formation of U.S. Navy Blue Angel fighter jets perform a flyover above graduating Midshipmen during the United States Naval Academy graduation and commissioning ceremonies in Annapolis, Md. The commander of Naval air forces announced on Tuesday, April 9, 2013 that the U.S. Navy has canceled the remainder of the elite Blue Angels demonstration team's 2013 season because of federal cuts. (AP Photo/Patrick Semansky, File)

In this photo provided by the Florida Keys News Bureau, the U.S. Navy's Blue Angels perform their precision aerobatics over the Florida Keys during the Southernmost Air Spectacular at Naval Air Station Key West Saturday, March 23, 2013, in Key West, Fla. The weekend air show concludes Sunday, March 24, and may mark the the last Blue Angels performance through the end of September 2013 due to sequester budget cuts. (AP Photo/Florida Keys News Bureau, Rob O'Neal)

(AP) ? The U.S. Air Force plans to ground about a third of its active-duty force of combat planes and a top general warned Tuesday that the branch might not be able to respond immediately to every event when needed.

The Air Force didn't immediately release a list of the specific units and bases that would be affected on Tuesday, but it said it would cover some fighters, bombers and airborne warning and control aircraft in the U.S., Europe and the Pacific.

Gen. Mike Hostage, commander of Air Combat Command at Joint Base Langley-Eustis in Virginia, said the branch would focus its budget and resources on units supporting major missions, like the war in Afghanistan, while other units stand down on a rotating basis.

"The current situation means we're accepting the risk that combat airpower may not be ready to respond immediately to new contingencies as they occur," Hostage said in a statement.

The Air Force says, on average, aircrews 'lose currency' to fly combat commissions within 90 to 120 days of not flying and that it generally takes 60 to 90 days to conduct the training needed to return aircrews to mission-ready status.

Returning grounded units to mission ready status will require additional funds beyond Air Combat Command's normal budget, according to Air Force Officials.

"Even a six-month stand down of units will have significant long-term, multi-year impacts on our operational readiness," Air Combat Command spokesman Maj. Brandon Lingle wrote in an email to The Associated Press.

For affected units, the Air Force says it will shift its focus to ground training. That includes the use of flight simulators and academic training to maintain basic skills and aircraft knowledge, Lingle said. Aircraft maintainers plan to clear up as much of a backlog of scheduled inspections and maintenance that budgets allow.

On the same day, the U.S. Navy confirmed that the Blue Angels aerobatic team would be cancelling the rest of its season.

Tom Frosch, the Blue Angels lead pilot and team commander, announced the news late Tuesday at the team's Pensacola Naval Air Station headquarters standing in front of the one of the iconic blue-and-gold jets. Frosch said the news marks the first time since the Korean War that the team would not make the air show rounds.

"The Navy held off as long as possible with the hope of salvaging some of the season," Frosch said. "We hope we'll be turned back on for 2014."

As the news trickled out, business owners and residents of the coastal enclave where the team is based were disappointed.

"I just think it's sad that there are political games being played. I doubt the Blue Angels are even half of 1 percent of the entire Navy budget," said Lloyd Proctor, co-owner of Blue Angel Hot Tubs in Pensacola. Proctor and his wife named their business after the team 10 years ago.

"They have national name recognition and they are loved by people everywhere," Proctor said Tuesday.

Most held out hope that the grounding was temporary and that the season could somehow be salvaged.

Thousands of fans flocks to Pensacola Beach each July to watch the team fly over the white sand and turquoise surf. It is always the biggest tourism revenue weekend of the year, said W.A. Buck Lee, president of the Santa Rosa Island Authority. Lee said he had hoped that the six fighter jets would be allowed to continue practicing as a team and the Pensacola Beach show could be replaced by a routine practice over the beach.

Instead, the Navy announced Tuesday that the six elite pilots would maintain only minimum flight hours to remain qualified in their F/A 18 Hornets and that squadron practices would end for the remainder of the season.

"The economic impact of the show for us is more than $2 million," Lee said. "People are going to start cancelling their hotel rooms and will hurt businesses here."

A spokesman for the Navy said team members would be allowed to fly minimal hours to maintain flight proficiency in the F/A 18 fighter jets, but the six-jet squadron would discontinue group practices for the remainder of the season. The elite pilots selected to serve a two-year rotation with the team are among the top Navy's top fighter pilots. Many are graduates of the Navy's famous Top Gun fighter tactics school.

Forsch said the team will continue its focus on community outreach and on Navy and Marine recruiting.

"To be a part of this team in any way is an honor and there is an obligation to continue that legacy of the Blue Angels that inspired me and others to fly and to join the Navy and the Marines," he said.

___

Nelson reported from Pensacola, Fla.

Associated Press

Source: http://hosted2.ap.org/APDEFAULT/386c25518f464186bf7a2ac026580ce7/Article_2013-04-09-Military%20Aircraft-Budget%20Cuts/id-20b7b797fa2c48daa884200de290507f

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Wednesday, April 10, 2013

What's Inside the Oculus Rift Virtual Reality Headset?

The Oculus Rift might be something out of Demolition Man. Or it might be a Virtual Boy. However it turns out, it's deeply ambitious, and iFixit has the first look at what's inside the new VR headset. More »
    


Source: http://feeds.gawker.com/~r/gizmodo/full/~3/anEQVFv8mU8/whats-inside-the-oculus-rift-virtual-reality-headset

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Mark Wahlberg: Worst Kidnapper Ever? Watch Exclusive 'Pain & Gain' Clip Now!

Wahlberg and director Michael Bay have a Sneak Peek Week chat with MTV News, leading up to Sunday's MTV Movie Awards.
By Todd Gilchrist


Anthony Mackie and Dwayne Johnson in "Pain & Gain"
Photo: Paramount Pictures

Source: http://www.mtv.com/news/articles/1705299/pain-gain-exclusive-clip-sneak-peek-week.jhtml

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New Era for Energy Department Expected Under a Secretary Moniz

With stimulus funding for clean energy at an end, climate-change policy dead in Congress, and harsh budget cuts looming over all agencies thanks to the sequestration, the days of President Obama?s vision of the Energy Department as a green juggernaut have probably come to an end.

But Ernest Moniz, who faces a Senate confirmation hearing Tuesday morning as Obama?s choice to become the next Energy secretary, would be likely to steer the department into a new era, one in which climate change still plays a key role in guiding its mission but so, too, do policies connected to the nation?s recent boom in oil and natural-gas development.

The MIT professor and former Energy undersecretary in the Clinton administration is also likely to renew the agency?s traditional focus on nuclear energy, nuclear waste, and nonproliferation of nuclear weapons.

Before Obama took office, the Energy Department had been widely viewed as a backwater agency. But people close to Moniz say they expect him to revitalize the department?s original mission while also taking on new issues involving global trade and commerce.

Like the man he would succeed, Nobel laureate Steven Chu, Moniz is a renowned physicist with serious research chops: He is director of the Energy Initiative at MIT, where he has been on the faculty since 1973. Unlike Chu, however, Moniz has a long record of supporting a broad portfolio of energy sources, including natural gas. He also has a strong background in nuclear issues, making him a better fit considering the agency?s historic nuclear portfolio.

Also unlike Chu, Moniz is viewed as a pragmatic and politically savvy operator who knows his way around Washington.

?I think it will be a very different agency than it was in the first term,? said Charles Ebinger, director of the Energy Security Initiative at the Brookings Institution, who has worked with Moniz on energy policy for many years.

?Ernie knows climate change, but also unconventional oil and gas and coal and nuclear. He will push the president towards a more balanced policy. I think you?ll see a focus on unconventional oil and gas and not as much on renewables.?

Frank Verrastro, director of the energy program at the Center for Strategic and International Studies, said, ?He?ll be a more complete secretary of Energy. He brings different skills. He?s focused on climate and clean energy, but he?s aware of what?s going on in the oil and gas space. It?s an opportunity for the administration to gain back some energy-policy stake.?

The nation?s energy picture has changed profoundly since 2008, when Obama appointed Chu to lead the DOE. Since then, a boom in unconventional oil and gas development, thanks to breakthroughs in hydraulic fracturing, or ?fracking,? technology has led to a dramatic increase in domestic oil and gas supply. Obama has been particularly bullish on natural gas as a one-two punch for his climate-change and economic goals: The fuel has half the carbon emissions of coal, and the new glut of it has lowered U.S. manufacturing costs.

The fossil-fuel industry, which regularly railed against Chu, has already indicated its openness to Moniz.

?Moniz seems to be a pragmatist on the important energy issues facing our nation including natural-gas development,? said John Krohn, a spokesman for Energy In Depth, which represents the gas-fracking industry in Washington. ?When he arrives at DOE, he will join many senior-level Obama officials who have publicly stated that natural gas is an important fuel for our nation?s environment and economic future.?

Among the biggest policy decisions facing the Energy Department in the coming years will be the question of whether or not to grant permits for U.S. companies to begin exporting natural gas. Manufacturers fear that exporting the fuel will increase their prices, but foreign policy thinkers believe it could help increase U.S. muscle in Asia. Moniz is expected to be a key player in these decisions.

Nuclear-energy issues are also likely to get more attention under Moniz. While some environmentalists remain wary of nuclear energy, Moniz is among a group of thinkers who see nuclear power?which produces no carbon emissions?as a key piece of a future climate policy. While nuclear-waste issues were not a forte of Chu?s, Moniz was part of the blue-ribbon commission on nuclear waste that last year recommended building medium-term nuclear-waste storage facilities that could hold waste for up to a century.

?There will be more attention paid to nuclear waste and the nuclear stockpile,? said John Deutch, a professor at MIT and former head of the CIA who held senior positions in the Energy and Defense departments during the Carter and Clinton administrations, and who has worked with Moniz on energy issues for more than 30 years.

?He will have a much broader agenda, and he will be asked to have a broader agenda by President Obama,? Deutch said.

Source: http://news.yahoo.com/era-energy-department-expected-under-secretary-moniz-223657993--politics.html

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Tuesday, April 9, 2013

Two 4-year-olds, two guns, two tragic shootings

By Daniel Arkin, Staff Writer, NBC News

Four-year-old boys in different states were involved in two separate shooting incidents in the last four days, with tragic results.

On Saturday, a Tennessee boy discharged a pistol at a sheriff's deputy's wife, killing her instantly. On Monday, a New Jersey boy left a 6-year-old neighbor in serious condition after a rifle fired at his head.

The Tennessee incident occurred during a family cookout at the home of Josephine and Daniel Fanning. He's a sheriff's deputy in Wilson County.

Deputy Fanning, 51, was in his bedroom showing his collection of weapons to a relative around 7:00 p.m. Saturday, when Josephine, 48, and the 4-year-old came into the room. The young boy grabbed a loaded handgun sitting on the bed and fired it once, striking and killing the deputy?s wife, according to Tennessee Bureau of Investigations spokeswoman Kristin Helm. She was pronounced dead at the scene.

The incident appears to be an accident and no one has been charged, but the investigation is still open, according to Helm.

?It?s a sad, sad set of circumstances,? Sheriff Robert Bryan told NBC affiliate WSMV in Nashville.?"Nobody is immune to this. Nobody. It doesn't matter if you are a law enforcement officer. These things can happen in second."

The 4-year-old is a relative of the deputy and his late wife, WSMV reported. The weapon used by the 4-year-old boy was not Deputy Fanning?s service weapon.

Another tragic incident took place in New Jersey on Monday evening, when a 4-year-old boy accidentally shot a 6-year-old neighbor with a rifle he found in his parents? home.

Police said the two boys were playing with a .22-caliber rifle outside the 4-year-old?s home in Toms River, N.J., when around 7:00 p.m. the gun discharged and struck the 6-year-old in the head, NBCNewYork.com reported.

The 4-year-old's parents reportedly heard the shot and called 911.

According to NBCNewYork.com, the 6-year-old is in serious condition at Jersey Shore Medical Center. An investigation is ongoing.

Source: http://feeds.nbcnews.com/c/35002/f/653381/s/2a846008/l/0Lusnews0Bnbcnews0N0C0Inews0C20A130C0A40C0A90C176713330Etwo0E40Eyear0Eolds0Etwo0Eguns0Etwo0Etragic0Eshootings0Dlite/story01.htm

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Atlanta food and drink events, April 8-14: Final Four specials, spring ...


Cook's Warehouse, Brookhaven Mon., April 8, 7 & 9 p.m. Simple Abundance Cooking Class: Southern Feast Celebrity Chef Art Smith's newest executive chef of Southern Art, Timothy Magee, will provide demonstrations and recipe instruction on southern staples, plus a wine tasting sponsored by Sherlock's Wine Merchant and a chance to win door prizes provided by Bella Cucina Artful Foods and Cabot Cheese. Details

Big Tex Decatur Mon., April 8, 6 p.m. March Madness Big Tex Decatur will screen the championship game, and is offering food and drink specials for fans. Details

BLT Steak Mon., April 8 Final Four Offer Guests who bring in any Final Four ticket stub will receive 10 percent off food and 20 percent off drinks. Details

Davio's Northern Italian Steakhouse Mon., April 8 Savory Spring Roll Bracket In conjunction with this year's NCAA's Final Four playoff tournament, Davio's will host its own final four showdown to decipher which of its signature spring rolls rules supreme. Details

Googie Burger Mon., April 8 Final Four Specials Googie Burger is offering special sliders to accompany a screening of the NCAA championship. Details

Nikolai's Roof Mon., April 8, 7 p.m. Final Four Specials The NCAA championship game will be playing on all four screens, and the restaurant is offering an $18 beer bucket special, as well. Details

Trader Vic's Mon., April 8 Final Four specials Trader Vic's celebrates the Final Four tournament with an $18 beer bucket special, along with other exciting events. Details

KR SteakBar Tue., April 9, 5 p.m. Food Bank Supper Club This edition of Food Bank Supper Club will be hosted by KR SteakBar, which will donate 20 percent of each diner's check to support hunger relief. Details

Miller Union Tue., April 9, 6-8:30 p.m. Miller Union Spring Harvest Dinner Miller Union chef Steven Satterfield will serve up a three-course family-style supper to celebrate the spring season. Details

Canoe Tue., April 9, 7 p.m. Wine Education Series Beverage Director Matt Bradford will host a four-course educational dinner with a guided wine tasting, focusing on 45th Parallel pinot noirs. Details

Atkins Park Wed., April 10, 9:30 p.m. Ping Pong Tournament Atkins Park and New Belgium Brewing Company will host a ping pong tournament to benefit the Atlanta Bicycle Coalition, and will offer prizes presented by New Belgium Brewing. Details

Atlanta Marriott Buckhead Thurs., April 11, 6 p.m. 9th Annual "A Taste of Buckhead Business" Expo The expo brings together premier restaurants and businesses to showcase the cultural diversity of the greater Buckhead community. Details

The Georgia Association of The American Institute of Architects Thurs., April 11, 6-9 p.m. Wine Reception and Silent Auction This is AIA|ATL's first temporary storefront gallery exhibition to showcase the talents of local and emerging designers. Details

Haven Thurs., April 11, 7 p.m. Haven Patio Party Chef Stephen Herman will be grilling and serving up seasonal bites paired with a selection of beer and wine. There will also be live music. Details

Rosebud Sat., April 13, 2-5 p.m. 2nd Annual Mother Clucker Fried Chicken Festival A gathering of Atlanta's top chefs will partake in a fried chicken cook-off in a tented lot next to Rosebud. Expect live music and other sweet treats. Details

Food 101 Sat., April 13, 2 p.m. Masters Tournament Viewing Party Join Food 101 to watch one of the final days of the Masters Tournament, with food and drink specials available all day. Details

The Terrapin Beer Company Sat., April 13, 4:30 p.m. Terrapin's Annual Anniversary Party This birthday party for Terrapin features casks, limited barrel-aged beers, the beer dunk tank, live music, and carnival games, and will benefit the Community Connection. Details

Crack in the Sidewalk Farmlet Sun., April 14, 3 p.m. Spring Tonic: A Benefit Dinner Celebrate spring while supporting local farmers at the Spring Tonic Benefit Dinner, hosted by chef Ryan Smith and mixologist Kellie Thorn of Empire State South. Details

Ponce City Market Sun., April 14, 6 p.m. New South Family Supper at Ponce City Market Celebrated chef-owners Anne Quatrano and Clifford Harrison announce the inaugural New South Family Supper, a benefit for the Southern Foodways Alliance, bringing together a cadre of the South's most innovative chefs. Details

Yeah! Burger Sun., April 14, 11 a.m. Meet the Farmer Learn where your food comes from on Yeah! Burger's greenspace. Details

Source: http://clatl.com/omnivore/archives/2013/04/08/atlanta-food-and-drink-events-april-8-14-final-four-specials-spring-harvest-dinners-and-more

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Hot Links: Investing for Status | The Reformed Broker

  • Joshua M Brown
  • April 8th, 2013

Stuff I'm Reading this Morning...

Might not be too early to begin your Sell in May tactics.? (MarketWatch)

Your market risk here could be twice the reward if historical statistics hold up.? (FatPitch)

Hussman: Zero chance of a US recession? I don't think so.? (HussmanFunds)

Cam Hui: "Defensive" stocks seem to be leading since last June in part because they're more mainly comprised of "Value" and dividend stocks.? (HumbleStudent)

Google drops down into key support levels - this is where it "should" be able to bounce.? (SeeItMarket)

Mike Harris: "arguments for passive funds that concentrate on the fee structure of actively management funds are designed to distract investors from focusing on the important issues."? (PriceActionLab)

Chess: Will the link between euro/yen strength and higher US stocks survive the spring? (iBankCoin)

American food companies working overtime to come up with new and exciting ways to make you as fucking fat as possible. Are you not entertained? (Fortune)

Can Marissa get the rank and file at Yahoo to start acting more startup-y? My suggestion: Get them pogo sticks and a case of PBR on Fridays. (NYT)

Look closely - you might be investing for social status rather than successful outcomes, the fault of your brain's primary shot caller.? (Interloping)

George Soros on China's stock market, real estate and whether or not the economic "hard landing" has already happened.? (SouthChinaMorningPost)

Maybe the best unintended consequence of European economic strife is all the topless protest going on.? (BusinessInsider)

Songs on a fat guy's iPod jogging playlist.? (Deadspin)

REMINDER: Backstage Wall Street is now on Kindle!

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Source: http://www.thereformedbroker.com/2013/04/08/hot-links-investing-for-status/

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