For spy tools, drones are pretty easy to spot. And hear, because they’re as loud as a gut-busting rock concert. But now the intelligence community’s research division, Iarpa, plans to start designing a silent drone inspired by quiet, creeping, flying owls.
I just wanted to take a quick time out to wish all here in the U.S. a very happy Thanksgiving Day!
Many of us spend much of our time pointing out, explaining & discussing the problems around us, of which there are many. Whether it be the growing illegal and immoral wars we are engaged in, the corruption in government along with all the needed smoke and mirrors provided by the main stream media to help cover it up, along with the failing economy created by the Federal Reserve and a power hungry government that has run up $61.6 trillion in unfunded liabilities (#528k per household), high prices & unemployment accompanied by higher costs of health care & education. In fact, the only things that are lower is the interest on our savings, the quality of the products we purchase, the quality of education that our students receive and the quality of health care that we all receive. Yes, we do not need “them” dumping fluoride in our water supplies anymore than we need heavy metals sprayed into our air supply. As you all know, the list could go on for days and weeks.
Whatever your situation, employed or not, surrounded by family or not so much, in good health or dealing with illness, take a look around, and you may not have to look very far. You, regardless of your situation, are better off than some others around you. If someone is to feel depressed today I would hope it is because they see a friend or neighbor that is worse off than they are and they have no way to help and share with that person. And for those that do not see one worse off than you may I recommend looking in the mirror. That image in the mirror is worse off, as it is simply a reflection of you today, at that moment, nothing more and nothing less. The real you, on the other hand, has the ability to make good decisions, to make changes that can help create a better life for you and possibly those around you in the future.
I hope all have a very safe and happy Thanksgiving Day!
NEW YORK (MarketWatch) — Standard & Poor’s cut its ratings outlook on the U.S. to negative from stable on Monday, lighting a fire under Washington’s deficit-reduction debate and sending stock markets sharply lower.
The rating agency effectively gave Washington a two-year deadline to enact meaningful change, just days after House Budget Committee Chairman Paul Ryan and President Barack Obama each outlined their plans for slashing debt. S&P nonetheless kept its highest rating, AAA, on the U.S.
Relative to triple-A-rated peers, the U.S. has very large budget deficits and rising government indebtedness, and the path to addressing those issues is unclear, S&P analysts said.
They noted an increasing gap between a lack of action by U.S. fiscal policy makers and steps taken by its AAA-rated peers, even after the Republicans and Obama administration released their 2012 budget proposals.
“The fiscal profile of the U.S. is increasingly diverging from that of its AAA peers,” said David Beers, an S&P analyst, on a conference call. “This was the time to update our opinion.”
It’s the first time S&P lowered its outlook for the U.S. from stable, but Moody’s Investors Service sent up red flags in 1996, only to be taken down when policy makers raised the debt ceiling — which will again be hit soon.
The debt ceiling was not mentioned in S&P’s release or on a conference call with their analysts.
The outlook change indicates a one in three chance of an actual rating downgrade over the next few years, Beers said.
The U.S. is one of 19 sovereign governments rated AAA by S&P, out of 127 rated countries. But all of the closest AAA peers — Germany, France, Canada and the U.K. — have done more to address their fiscal problems coming out of the recession, which in some cases were worse than what the U.S. experienced, analysts said.
“We’re mindful of the fact that policy makers are beginning to focus on some type of fiscal agreement,” Beers said. “Reaching a concrete agreement on a path of fiscal consolidation will be difficult to agree on in the next two years.”
If a meaningful agreement to address medium- and long-term budgetary challenges isn’t reached and implementation hasn’t begun by 2013, it would render the U.S. fiscal profile meaningfully weaker than its AAA-rated peers, analysts wrote in a release. See text of S&P decision.
The news rattled markets, with the Dow Jones Industrial Average DJIA +0.54% plunging more than 200 points. It recently traded down 192 points, led by more than 3% drops in Caterpillar Inc. CAT +0.24% and Bank of America Corp. BAC -1.10% shares. See Market Snapshot.
Analysts said the U.S. still looks relatively better for the next few years, especially against some European countries which have needed bailouts or seem to be considering defaulting on their debt. Read about the dollar.