Theresa May asked Britain’s defence secretary to justify the UK’s role as a “tier one” military power, causing dismay in the Ministry of Defence. Underlying the statement is a realisation that the UK can no longer economically compete with top powers, defence experts told Business Insider.
“It’s a reflection of our economic status — times are tough,” said Tim Ripley, a defence analyst, adding: “It’s all about money… if you don’t have money you can’t spend it.”
The Prime Minister questioned defence secretary Gavin Williamson on whether money for the military should be reallocated to areas like cyber, and if Britain needed to maintain a Navy, Army, Air Force and nuclear deterrent all at once.
Ripley called it a retreat from “grand ambitions.”
“No matter how we dress it up, this new fangled cyber stuff is just an excuse for running away from funding hard power,” Ripley said. “If you don’t pony up the money and the hard power you don’t get a seat at the top table. No matter how flash your cyber warfare is, people take notice of ships, tanks and planes.”
There is a strong correlation between military power and economic status. The major powers including the US, China and Russia all demonstrate their strength through military posturing, and countries that don’t have enough resources for defence often pool with others.
Dr Jan Honig, a senior lecturer in war studies at King’s College London, said that shared defence can be disrupted in times of nationalism, and called it “highly ironic” that Brexit could mean the UK can longer fund its military.
“You can’t really do it by yourself even if you spent a lot more on defence which is not going to happen in this country with this measly economic growth and the uncertainty about international trade details,” he said.
The Prime Minister’s comments, which were first reported by the Financial Times, come in the context of her recent pledge of a fresh £20 billion for the National Health Service (NHS) and debate about where the money will come from.
“You do want to ensure that government policy has support from the people, so to say we’re going to pour a lot of money into defense just in case something happens … is a far more difficult thing to sell than funding the NHS and social care, welfare that is an immediate issue,” said Honig, adding that populations are also more switched on to the horrors of war.
But Julian Lewis, Chair of the UK’s defence committee told Business Insider that he’s now concerned about whether May will be able to properly fund the military after the NHS pledge.
“I am not won over … by this jargon of calling it a ‘tier one’ military power… What I’m much more concerned about is whether Theresa May will be able to give defence the money it needs,” he said, citing a “whole” of over £4.2 billion in the defence budget.
May’s comments will not lead to definitive action to pair down the military, but are a clear sign of the direction of travel said Ripley.
This article originally appeared on Business Insider. Follow @BusinessInsider on Twitter.
Why are you working out? That’s always the first question you should be asking yourself. I’ve been asked on multiple occasions about the benefit of doing bodyweight exercises as a replacement for barbell training. Usually, they go something like this:
“Are bodyweight squats better than barbell back squatting?”
To which my response is usually something like:
If your goal for working out is to get better at bodyweight squats …then sure, they’re better.
If however, your goal is to increase muscle mass, (which it is 90% of the time, whether you realize it or not,) well then, probably not. The reasoning relies on a theory called “effective reps.” But first!
Real easy to get distracted.
Your time and attention
If you’re doing 100 repetitions of bodyweight squats, it’s going to take a while, minutes at the very least. That’s assuming you’re going as fast as possible, which will lead to your form breaking down.
If you’re slow and controlled and performing each rep perfectly, you’ll be spending much longer on 1 set.
No matter which way you decide to tackle this beast, one thing is going to take a hit:
That right there is reason enough for me not to go this route.
On the other hand, if you’re doing sets of 10 reps on the barbell back squat, that’s something you can accomplish in under a minute with a relatively high level of concentration on form.
Quarter squats increase anterior knee pain. Just one of the many form failures that usually occur during body weight squats.
When form breaks down
How we move becomes etched in our brains as a motor pattern. If your form is bad on an exercise like the bodyweight squat, it will transfer to how you move in real life.
Eventually, that crappy form will lead to an injury. Maybe it will be when you try to pick up something heavy like a weighted barbell or an overweight baby. Maybe it will be from doing something you love like playing adult softball, hunting, or picking up overweight babies.
What usually happens when people get injured is that they demonize the activity they were doing when the injury occurred and completely ignore the other 99 things they did that actually contributed to the event that caused the injury.
It wasn’t that activity, that activity was just the straw that broke your CamelBak…(see what I did there).
So, if you’re half-assing 87 out of 100 bodyweight squats three times a week, and in turn, moving throughout your life with crappy/lazy movement, then it’s only a matter of time before you hurt yourself doing something that would have otherwise been enjoyable.
Those are for sure effective reps.
The idea is that the closer a rep is to failure, the more effective it will be in recruiting the most amount of muscle mass and in turn be the best at building muscle.
Assuming you can only do 100 bodyweight squats and the last rep is quite close to failure, then 1 out of 100 is an effective rep…and it took you minutes to get there, and 87 or those reps sucked.
Assuming you’re in relatively good shape, you can actually do many more than 100 bodyweight squats so even rep 100 isn’t anywhere close to failure. That means you are getting ZERO effective reps. You basically just wasted minutes doing a bunch of crappy half-assed squats that did nothing except make you waste your precious time.
I should note that by “failure” I mean you couldn’t do one more rep no matter what, all of your leg muscles are on fire, and they feel like they are going to pop from the excess blood flowing into them. I do not mean that you’re bored or “kind of” tired from something and just want to stop. Register the actual difference.
On the contrary, weighted squats offer you the opportunity to feel like you’re approaching failure, usually around rep 6 or 7 out of a set of 10 if you choose an appropriate weight.
If you do 3-4 sets of back squats that’s nearly 16 effective reps, that’s a great session.
To top it off you don’t need to do 95 reps prior to getting there.
People with long limbs tend to have a difficult time doing body weight squats in general. Their long torsos pull them onto their toes.
Bodyweight squats are great if you have no other option, if you just want to make a workout brutally annoying and also mildly difficult, or if you hate yourself. Otherwise, they are just a recipe for wasted time, establishing poor motor patterns, and not getting many effective reps.
If your goal is to build muscle, get stronger, burn fat, or workout smartly throw some weight on your back.
Valgus knee collapsing imminent on the first Marine from the right.
Here’s a few links if your interest on effective reps has been peaked.
When you’re young and living in the barracks, regardless of whether you’re legally old enough, you’re going to enjoy a beer or some hard liquor. Underage drinking in the barracks happens every day. Although we don’t condone the act, there’s not a whole lot for troops to do when you don’t have a car and you’re stationed at a base in the middle of nowhere.
So, if you’re one of those youngsters trapped on base and all you’ve got is a 12-pack in the fridge, then take note, because this article might make you look a lot cooler at one of those barracks parties.
So, let’s get freakin’ lit. But, as always, drink responsibly, people.
The idea of this game is simple. Tape two 40-ounce beers to your hands. Now, don’t remove the tape and free yourself until you’ve consumed the contents of both beers.
If you’re a lightweight and you have to pee just minutes into the game, good luck to you.
This game is played in teams of two or more and with a variety of mixable alcohols. First, one person fills up a cup with their booze of choice. Next, you swap your cup with another contestant. From this moment, they have one minute to move the contents of their cup into another, using a teaspoon. After the minute is up, the player must drink the reminder.
First, split a group up into two equal teams. Line up the teams, man for man, on either side of a table. Set a cup in front of each player and distribute a couple beers. Starting at one end of the table, two opposing players drink the beer in front of them, set the empty cup rim-up on the edge of the table, and attempt to flip it over by tapping the bottom of the cup. After you successfully flip your cup onto its head, the next player in line begins the same process. Repeat this until every player on a team is done.
Now, this game is perfect for playing with four or more players, so get some of your buddies together. Arrange your closest friends around a table and bow your heads. After counting to three, quickly lift your head up and make eye contact with another player.
If you do make eye contact with another player, the one who says “Medusa” last, loses and they have to take a drink. If you don’t make eye contact with another person, well, then, we guess no one wanted to look at you.
Republican Sen. John McCain, an internationally renowned Vietnam War hero who served for 30 years in the Senate representing Arizona, died Aug. 25, 2018, due to complications stemming from brain cancer.
His office said in a statement that his wife Cindy McCain and their family were alongside him when he died.
“At his death, he had served the United States of America faithfully for sixty years,” his office said.
McCain, 81, was a part of many of the past three decades’ most significant political moments. He was the 2008 Republican presidential nominee in a contest he lost to President Barack Obama. He also sought the presidency in 2000, mounting a primary campaign against President George W. Bush.
A graduate of the Naval Academy, the Arizona Republican followed both his father and grandfather, who were four-star admirals, into the US Navy, where he carried out airstrike missions.
During a 1967 bombing run over Hanoi, McCain’s plane was shot down, nearly killing him. He was captured by North Vietnamese forces and spent six years as a prisoner of war, suffering brutal beatings at the hands of his captors, which left him with lifelong physical ailments.
He quickly lost 50 pounds and saw his hair turn white. His captors did not treat his injuries from the plane crash.
Because his father was named commander of US forces in Vietnam that same year, the North Vietnamese offered to release McCain early. He refused unless every prisoner of war taken before him was also released. He was soon placed in solitary confinement, where he would remain for the next two years. He was not released until March of 1973.
Photograph of John McCain after his release from captivity.
(National Archives photo)
Upon returning to the US, McCain was awarded a number of military medals, including two Purple Hearts. He soon set his sights on politics and ran for an Arizona congressional seat in 1982, winning a tough primary and subsequently the general election.
In 1986, he ran for the Senate seat vacated by longtime Republican Sen. Barry Goldwater, who was the Republican presidential nominee in 1964. He won that election as well, and he has been reelected to the Senate for five additional terms — most recently in 2016.
Early in his Senate career, McCain became embroiled in the “Keating Five” scandal. McCain was one of five senators who received campaign contributions from Charles Keating Jr. and was later asked by Keating to prevent the government from seizing his Lincoln Savings and Loan Association.
McCain met twice with regulators to discuss the government investigation. He later returned the donations and admitted the appearance of it was wrong. The episode led McCain to become a leader on campaign finance reform, which included the passage of the McCain-Feingold Act.
During his 2000 campaign for president, the press became enthralled with the candidate who won over a reputation as a “maverick,” rebuffing his party’s conservative orthodoxy at the time. He famously traveled on a bus called the “Straight Talk Express” during his 2000 bid.
U.S. Sen. John McCain speaks to a group of Soldiers before re-enlisting them during an Independence Day celebration in Kabul, Afghanistan, July 4, 2013.
(U.S. Air Force photo by Staff Sgt. Dustin Payne)
In 2008, McCain fared far better. He won the Republican presidential nomination but ultimately was defeated by Obama in a year in which he faced defending an unpopular war in Iraq and a faltering economy under the Bush administration. McCain selected then-Alaska Gov. Sarah Palin as his running mate, a move criticized by some as having opened the floodgates for the Republican Party to be infiltrated by a number of far-right candidates who went on to be elected.
After the 2008 campaign, McCain returned to the Senate, his stature even more prominent, leading on national security and military issues.
He was diagnosed with brain cancer early in his sixth term. He battled through it, returning to Congress this past summer. In perhaps his last signature political moment, McCain cast a dramatic vote against his party to stop the repeal of Obamacare, coming to the floor in the middle of the vote before pausing and pointing his right thumb down. The moment highlighted a contentious relationship between the senator and President Donald Trump.
The type of brain tumor with which he was afflicted, glioblastoma, is particularly aggressive and difficult to treat. He had been receiving chemotherapy, but his family announced in August that he would no longer seek medical treatment.
McCain is survived by his seven children and his second wife, Cindy, whom he married in 1980 following a 15-year marriage to Carol Shepp.
Most famous among his children is Meghan, who is a prominent conservative pundit and cohost of ABC’s “The View.” During a December episode, former Vice President Joe Biden consoled her and said that if “anybody” could overcome that cancer, it was her father.
“Your dad is one of my best friends,” he said.
This article originally appeared on Business Insider. Follow @BusinessInsider on Twitter.
California National Guard CH-47 Chinook involved in Creek Fire rescue operations (YouTube)
The situation in California has worsened as 25 separate wildfires are currently burning across the state torching property and stranding fleeing citizens. Overwhelmed, California firefighters summoned National Guard and USN helicopters to aid in the extraction of hundreds of individuals trapped by the flames.
Over the holiday weekend, many people went to the Sierra National Forest, staying at the Mammoth Pool Reservoir, a popular camping spot. The “Creek Fire,” which reportedly started Friday night, quickly began spreading and trapped over 200 people. The fire was aided by record-breaking temperatures and accompanying dry air and winds.
Massive “Creek Fire” Threatens Town of Auberry – RAW Footage
Raw footage from ON SCENE TV on September 8, 2020.
Ch-47 Chinooks and UH-60 Black Hawks began responding to the area to evacuate the trapped campers. The rescues began Saturday night and went into Sunday morning. In total, helicopter crews rescued 214 people, several of whom were severely injured. It was reported that the helos were within 50 feet of the flames while loading people on.
Outside of Fresno, wildfires trapped more people as they were trying to escape the burning forest, in the areas of Lake Edison and Chinese Peak.
On Monday night, National Guard and U.S. Navy helicopter crews were dispatched to the area to conduct rescue operations. Heavy smoke thwarted rescue attempts and helicopters were kept at bay until flight conditions improved.
Helicopters were able to access the area by Monday night and began extracting those trapped by the flames. Equipped with night vision, helicopter crews flew through the darkness, rescuing 35 more people, some of whom were reported to have had injuries. Rescue flights continued throughout the day on Tuesday, rescuing another 148 people as the inferno ripped through the California forests.
At the time of this report, some 385 people and 27 animals have been saved from the wildfires by the helicopter crews. It is unknown how many people are still trapped.
Cal Fire’s firefighters have been fighting these aggressive wildfires non-stop since Saturday. One firefighter has already been killed. Three others were injured when their remote fire station was overtaken by the fire. Fourteen firefighters were at the location and were forced to deploy their emergency shelters. The three firefighters injured suffered smoke inhalation and burns. They were airlifted to Fresno; two are stable and one is in critical condition.
According to the National Interagency Fire Center, this year so far 87 wildfires have burned, resulting in 4.7 million acres burned; 2.2 million of those acres have been in California. This is a new worrisome record for California, as experts say that peak wildfire season has not yet arrived.
The US Department of State issued a level-four travel warning for Venezuela on March 14, 2019, to tell Americans “do not travel” to the chaos-stricken country, and that all Americans in the country should leave. It’s the highest travel warning that the department issues.
The advisory pointed to “crime, civil unrest, poor health infrastructure, and arbitrary arrest and detention of US citizens.”
The announcement aligns with a top-level warning that the Centers for Disease Control and Prevention issued in May 2018. That warning said outbreaks of measles, malaria, diphtheria, and other infectious diseases are contributing to “an increasing humanitarian crisis affecting much of the country.”
The Department of State noted on March 14, 2019, that, throughout Venezuela, “there are shortages of food, water, electricity, medicine, and medical supplies.”
(Flickr photo by Anyul Rivas)
Political rallies and demonstrations occur with little notice, the warning said. And these rallies attract a strong police response with “tear gas, pepper spray, water cannons, and rubber bullets against participants and occasionally devolve into looting and vandalism.”
“Security forces have arbitrarily detained US citizens for long periods,” the warning said. “The US Department of State may not be notified of the detention of a US citizen, and consular access to detainees may be denied or severely delayed.”
After this warning was issued, American Airlines announced on March 15, 2019, that they would suspend flights into Caracas and Maracaibo. “Our corporate security team has a collaborative partnership with all of our union leaders and we will continue to do so to evaluate the situation in Venezuela,” the airline said in a statement.
This article originally appeared on Business Insider. Follow @BusinessInsider on Twitter.
The video starts off strong: “What’s a Navy SEAL’s greatest weakness?”
Now, I had the honor of interviewing U.S. Navy SEAL Remi Adeleke when he released his memoir Transformed. This is a hero with an incredibly moving back story that began with upheaval in Africa, then migrated to the streets of New York followed by honorable military service, and finally found him helping underprivileged children here in the States.
He is polished, professional, and inspiring. So his answer was so blunt and surprising and purrrrfect that I spit out my drink when I heard it:
Ah Remi, thank you for getting this ball rolling.
Next question! “Could the entire U.S. military take on a full regiment of Imperial Storm Troopers?”
Fun fact, the Mon Calamari species were named after ‘Star Wars’ creature artist Phil Tippett’s calamari salad he was eating for lunch.
This is where we reveal that we’re all just a bunch of nerds.
Green Berets Chase Millsap and Terry Schappert immediately provide in-depth critiques about insurgency strategies within the Star Wars canon and lay out a plan of attack. Benioff and Weiss might want to reach out when they approach military tactics in their forthcoming scripts…
The Defense Department’s budget request for 2019 released Feb. 12 called for a 2.6 percent military pay raise, a modest increase in the end strengths of the services, and major rebuilding programs aimed at retaining the U.S. edge over China and Russia.
Pentagon Comptroller David Norquist said the 2.6 percent pay increase proposal for fiscal 2019 would boost the pay of a staff sergeant by $1,169 next year.
The 2.6 percent increase would come on top of the 2.4 percent increase for 2018 authorized in December by President Donald Trump by executive order.
In addition, the DoD “expects moderate and manageable increases in pay will continue in the near term and will match the growth in private-sector wages,” the budget documents said.
There was some initial confusion on the proposed increases in the end strengths of the services because of the congressional delays in the approval of funding, but it appeared that the Pentagon was recommending an overall boost in the size of the force of more than 17,000 — almost all of it for active-duty personnel.
Reserve and National Guard forces would see only modest increases. Army, Navy, and Air Force Reserves would add 800 forces total; and the Army and Air National Guard would add 500 troops apiece.
If approved by Congress and the White House, the Pentagon’s $716 billion budget request for 2019 would provide funding to build 10 Navy ships, including three guided missile destroyers, two Virginia class submarines, and one Littoral Combat Ship.
It also would fund more than 400 new aircraft, including 77 F-35 Joint Strike Fighters, 24 F/A-18E Super Hornet fighters, 60 AH-64 Apache helicopters and 68 UH-60 Black Hawk helicopters.
The $716 billion in proposed defense spending for FY2019 would amount to about a 10 percent increase over military spending in 2017.
Congress finally moved past a series of continuing resolutions and reached agreement on a two-year budget deal that called for nearly $700 billion in defense funding for FY2018 and $716 billion for FY2019.
Technically, the action taken by Congress produced another continuing resolution until March 23 to allow the 12 appropriations committees in Congress time to allocate the money going to government operations, but congressional leaders and the White House said the agreement reached was a done deal.
The total of $1.4 trillion in military funding over two years will be directed more to building the lethality and capabilities of the force rather than the end strengths of the services, Defense Secretary Jim Mattis said Feb. 11 while traveling to Europe for a week-long series of security meetings.
“I am very confident that what the Congress has now done, and the president is going to allocate to us in the budget, is what we need to bring us back to a position of primacy” among the world’s militaries, Mattis said.
“We will be standing up some new elements, cyber is one example, and we will be recruiting more mechanics in the Air Force and recruiting more soldiers and sailors,” Mattis said.
In addition, “we’ll be buying more stuff” to bolster depleted inventories, particularly on munitions, Mattis said ahead of the release Feb. 12 of the Defense Department’s overview of the fiscal 2019 budget request, and the individual requests of the services.
However, the end result of the massive infusion of money will be a military that’s “not a lot bigger, organizationally. It’s built more to address the changing forms of warfare and to bring the current capabilities up,” Mattis said ahead of the release of the budget request.
At a Pentagon briefing, Norquest said the budget was shaped by Mattis’ National Defense Strategy which concluded that “Great power competition, not terrorism, has emerged as the central challenge to U.S. security and prosperity.”
“The U.S. seeks cooperation with our competitors from a position of strength,” Norquist said but “the U.S. must be prepared to compete, deter war, and if necessary, fight and win.”
The $716 billion represented about a $74 billion increase over current defense spending, Pentagon officials said.
About $30 billion for the Department of Energy and other agencies that contribute to national defense was included in the $716 billion, reducing the DoD’s share to about $686 billion. About $617 billion of the $686 billion was slotted for the Pentagon’s base budget and about $69 billion for the so-called “war budget,” or Overseas Contingency Operations fund mostly for the wars in Afghanistan, Iraq and Syria.
The OCO funding would allot 46.3 billion for Afghanistan operations, $15.3 billion for Iraq and Syria, $6.5 billion for the European Defense Initiative to bolster NATO, and about $900 million for security cooperation agreements with a range of countries, Norquist said.
In arriving at the budget request, the DoD also bowed to political realities and eliminated any request to close excess bases and facilities, which the Pentagon had long sought to cut costs through establishment of another Base Re-Alignment and Closure Commission. “There is not a request for another BRAC round in this budget,” Norquist said.
The defense budget request was part of the overall $4.4 trillion fiscal 2019 proposed budget for all government spending put forward Feb. 12 by Trump and the White House Office of Management and Budget.
The Trump budget would boost spending for infrastructure and border security along with the military while proposing politically difficult cuts to entitlement programs.
His proposed budget “provides resources to enhance missile defense and to build the planes, tanks, warships, and cyber tools that the brave men and women who defend us need to deter aggression and, when necessary, to ﬁght and win,” Trump said at the White House.
“Most importantly, the budget provides funds to increase the size of our armed forces and to give our men and women in uniform a well-earned pay raise,” he said.
Trump said that when he told Mattis the amount of the military’s share of the budget, Mattis replied: “Wow — I can’t believe we got everything we wanted.”
Gene Simmons wants you to be rich and powerful, but it’s not going to be easy. You’re going to have to learn English, wake up early, turn off the TV and study.
“I want to shake you up and tell, you a real harsh truth: The world doesn’t need you,” he says. “The only way you’re going to become rich and powerful is if you stand up on your hind legs. You’re only going to get the respect you demand.”
Simmons, the co-founder and bassist for the rock band Kiss, is brutal in his advice: Women, choose between a career or a family. Guys, get rid of your worthless friends. Above all, don’t listen to the self-esteem movement or be politically correct. Simmons is here to demand that you drop and give him 20.
“I want to be your drill sergeant and piss you off so that you wake up and smell the coffee and go out there and become that rich and powerful person you deserve to be,” he says. “You cannot fail in America.”
Why should you listen to this guy, someone who has spent much of his adult life slathered in scary makeup, in towering platform boots, wagging his tongue onstage and singing songs like “Lick It Up”?
Because he’s also an entrepreneur who came to America with no money and no English. He’s become, he says, a millionaire with a hand in a restaurant franchise, a wealth management services firm and a magazine, among others. “You don’t have enough hours in the day to understand what I do,” he says.
Now Simmons is ready to reveal the principles he’s learned in his book, “On Power,” part guidebook, part self-help manual, with several profiles of people we should admire, like Oprah Winfrey and Warren Buffett. It’s a small book, and that’s on purpose. “You can take it to the pooper with you,” he explains.
Jessica Sindler, his editor, called working with Simmons “without a doubt a memorable experience” and that all the concepts in the book came from him. “They’re based on the way he lives his life and runs his career. He is very much a man who practices what he preaches.”
In person, Simmons is a jokester and a wordsmith who clearly loves attention. He wags his impressive tongue to whoever asks and glad-hands strangers like a politician. He likes to wear a ball cap decorated with a picture of a sack of money that he’s trademarked. He puns outrageously (“Close but no guitar,” he says at one point. “See what I did there?”).
Simmons cheerfully poses for selfies, interrupts conversations and likes to take candid photos of people he encounters who are lost in their phones. “Every once in a while, look up,” he told one startled bystander. Sometimes, he goes too far, as he did recently during a visit to Fox News Channel. He was allegedly crude, taunted staffers and exposed his chest, triggering a network ban.
Simmons has become legendary for leveraging Kiss’s distinctive look and winking cool into everything from reality TV shows to action figures, colognes, keychains, cabernet sauvignon and even a coffin — the Kiss Kasket.
Simmons is a curious mix of things. He’s a hawk on foreign policy, no fan of unions or socialism, but a liberal when it comes to social issues. “You want to get married to a rock? Or change your sex? Go to Mars and become a Martian religious fanatic? I really don’t care,” he says.
He has boasted of his sexual conquests but is a long-married teetotaler who has no patience for illegal drug users. He can quote Kierkegaard and Kant and speaks four languages, but blames the recent global financial meltdown on greedy borrowers.
He believes we’re still basically hunter-gatherers, with men awash with testosterone and only vaguely civilized. He applauds the wave of women these days calling out men for sexual misconduct.
“There will always be bad guys, don’t kid yourself. The best thing that’s happening now is the female of the species is standing up collectively and saying, ‘That’s enough.’ Good for women. That should always have been the case.”
His advice to gaining wealth is simple: Start a limited liability partnership in your home, use social media and deduct your costs from taxes. You can keep your old job until the rewards flow in. If they don’t? You can declare bankruptcy and “then you can start again.” (It’s advice not all financial advisers endorse.)
Having a brilliant idea for a business is fine, but outhustling is more important to Simmons. “It doesn’t have to be new or original. It can be a stupid idea,” he says. “Some of the dumbest people have become enormously successful.”
As I sit in my concrete bunker surrounded by hand sanitizer and disinfectant wipes, a wall of toilet paper ready to thwart any potential Coronavirus threats, I feel the need to press pause on regularly scheduled mortgage education and address a topic that has flared up in newsfeeds over the past few days: investing when the market has “crashed”.
Although I joke about my bunker stash (I can’t even find hand sanitizer to stock), personal finance is a highly individualistic and serious subject full of licensing requirements and government regulations. I did what any person not wanting to bring the Financial Industry Regulation Authority fire down upon them and called in the experts. Long-time trusted advisors Nick Stone and Craig Harris were both able to offer some advice to my investment-curious audience who feel that they may be missing out on a Golden Goose Egg during this bear market.
Stone provided examples over the history of time where markets have typical cycles of ebb and flow, and this was bound to come full circle even before the Coronavirus scare (which surely did compound the effect). Putting our economy into the analogy of a marathon, no one sprints 26.2 miles to a finish line. Instead, there are steady-set paces accompanied by throttles and breaks. We may not have seen the bottom of this yet since stocks are priced on what expected earnings are, and companies have yet to report on their current quarter. It could be speculated that markets will dip even a little more. Only time can tell. A piece of advice offered is to maximize on your current contributions such as 401K, IRA and other tax-friendly opportunities versus a narrow lump-sum investment to allow for dollar-cost averaging.
Harris emphasized a good time to invest when the market is in a down point. “Buy low and sell high” is not a catch-phrase but a pillar of investing. Regardless of market conditions, ANY time is a good time to start investing, but there is certainly an advantage when we are in a low market since you can get a little more with your cash. Even at the highest point, like where we just were, there is still a good strategy to be employed for investing your money. Nothing is ever guaranteed, but the market is designed in a way that, over a long enough period of time, your money should grow. He stressed that individual situations and goals are the primary driving factor in how the portfolio is built and how your money can be invested wisely.
Both discourage dumping money blindly into crashing stocks today in hopes of getting rich next week. The singular most important thing you can do with your money is to have a goal in mind versus chasing performance returns. It can be retirement, paying for a child’s college, purchasing a home, etc. but you HAVE to know what you’re working towards in order to get there. The last thing you want to do is be cash-poor and investment-rich without a plan if you need access to that money in the short term. This knowledge is especially important for my mortgage clients who may need to hang on to some cash to close on a new home.
There’s a big myth out there that financial advisors are expensive, but they’re really not. There are traditional brokerage accounts where you pay a small commission on everything bought and put into your account and every transaction made on your behalf. There are also fee-based accounts where you forego commissions and pay an annual fee that varies between firms, typically averages out to be less than 1.5 percent of your invested assets. If you find yourself shopping around for a financial advisor, ask about their cost, make sure they are also a licensed stockbroker so you are diversified instead of pigeonholed into one certain commodity, and ask them if they would invest you like they would invest their own family. It’s a relationship of trust, and you have the ability to establish how you want that relationship to be shaped, whether it be by twice a year comprehensive reviews, weekly phone calls or somewhere in-between.
Important to remember when you see big movement in the economy is this: What do you want to invest FOR, not what do you want to invest IN. That mind shift will help you make smart financial decisions for your future.
Wait times at Department of Veterans Affairs hospitals and clinics have gone down significantly from recent years and are now shorter on average than those in private-sector health care, at least in big cities, according to a new study from the Journal of the American Medical Association (JAMA).
Critics of the study pointed out that main contributors to the JAMA report were current and former VA executives, including Dr. David Shulkin, who was fired as VA secretary in 2018 by President Donald Trump.
In a statement, VA Secretary Robert Wilkie said the JAMA report published Jan. 18, 2019, showed that the VA “has made a concerted, transparent effort to improve access to care” since 2014, when wait-times scandals and doctored records led to the resignation of former VA Secretary and retired Army Gen. Eric Shinseki.
“This study affirms that VA has made notable progress in improving access in primary care, and other key specialty care areas,” Wilkie said.
VA Secretary Robert Wilkie.
The cross-sectional JAMA study of wait-time data from VA facilities and private-sector hospitals focused on primary care, dermatology, cardiology and orthopedics in 15 major metropolitan areas.
The findings were that “there was no statistically significant difference between private sector and VA mean wait times in 2014” and, in 2017, “mean wait times were statistically significantly shorter for the VA,” the JAMA report said.
“In 2014 the average wait time in VA hospitals was 22.5 days, compared with 18.7 in the private sector,” the study said, but in 2017, “mean wait time at VA hospitals had gone down to 17.7 days, while rising to 29.8 for private practitioners.”
The study, titled “Comparison of Wait Times for New Patients Between the Private Sector and Department of Veterans Affairs Medical Centers,” relied on wait-time data provided by the VA and calculated private-sector data from a survey conducted by a physicians’ search firm, Merritt Hawkins, using the so-called “secret shopper” method in nearly 2,000 medical offices in metropolitan areas.
“For the secret shoppers method, the research associates at MH [Merritt Hawkins] called physicians’ offices asking to be told the first available time for a new-patient appointment,” the JAMA study said.
“This earliest availability was recorded as the wait time. However, the VA data record scheduled wait times, which may not reflect the earliest available appointment,” the study said.
The JAMA report also noted that rural areas and follow-on care were excluded from the analysis and said that “follow-up studies are critical to analyze access to the entirety of VA health care,” since nearly one-quarter of veterans live in rural areas.
The overall conclusion of the report was that “access to care within VA facilities appears to have improved between 2014 and 2017 and appears to have surpassed access in the private sector for 3 of the 4 specialties evaluated,” with the exception of orthopedics.
In 2014, the VA was rocked by wait-time scandals and allegations of manipulated data at the VA medical center in Phoenix, Arizona. “This incident damaged the VA’s credibility and created a public perception regarding the VA health care system’s inability to see patients in a timely manner,” the JAMA report said.
The VA has since worked to improve access and reduce wait times.
“There is evidence suggesting that these efforts have improved access to care, including reports that 22% of VA patients are now seen on the same day as the requested appointment,” the report said. However, “Despite, these efforts, the adequacy of access to VA care remains unclear.”
As a result of the 2014 scandals, the VA initiated the Choice program to expand private-care options for veterans. Last year, Congress passed and President Trump signed into law the VA Mission Act to consolidate and streamline the Choice program, which has been riddled with inefficiencies.
In June 2018, the Government Accountability Office issued a report stating that many veterans who opted for the Choice program to avoid wait times still faced delays that could stretch for months before seeing a doctor.
In response to the JAMA report, a posting on the Disabled American Veterans website came under the heading: “Veterans Affairs Spins ‘JAMA Study’ It Authored On VA Wait Times.”
In addition to Shulkin, the posting noted that another contributor to the JAMA study was Dr. Carolyn Clancy, the former acting head of the Veterans Health Administration. She was replaced in July by Dr. Richard Stone as acting head of the VHA and has now taken the position at the VA of deputy under secretary for discovery, education and affiliate networks.
Stone, the former deputy surgeon general of the Army, has yet to receive Senate confirmation. The VHA has not had a permanent head since Shulkin left the position in January 2017 to become VA secretary.
This article originally appeared on Military.com. Follow @militarydotcom on Twitter.
As the Marine Corps continues its quest to get more capability from long-range precision fires, it’s asking industry for proposals on a portable system that can fire high-tech attack and reconnaissance drones on the go.
The service released a request for proposals April 23, 2018, describing a futuristic system unlike any of its existing precision-fires programs.
The theoretical weapons system, which the Corps is simply calling Organic Precision Fire, needs to be capable of providing fire support at distances of up to 60 kilometers, or more than 37 miles, according to the RFP document.
This range would exceed that of the M777 155mm howitzer, which can fire Excalibur rounds up to 40 kilometers, or around 25 miles.
(Photo by Gertrud Zach)
The system, which ideally would be light enough for just one Marine to carry, would launch loitering munitions from a canister or tube no larger than 10 inches across and eight feet long. The projectile would be able to loiter for up to two hours, according to the solicitation, while gathering data and acquiring a target
Loitering munitions, known informally as suicide or kamikaze drones, are unmanned aerial vehicles, typically containing warheads, designed to hover or loiter rather than traveling straight to a target. They’re becoming increasingly common on the battlefield.
The California-based company AeroVironment’s Switchblade loitering munition is now in use by the Marine Corps and Army. It is described as small enough to fit inside a Marine’s ALICE pack. The Blackwing UAV, also made by AeroVironment, is tube-launched, but designed to perform intelligence, surveillance and reconnaissance, rather than to attack.
The Marines want whoever can make the system they seek to give it the ability to communicate securely with a ground control system at a distance of up to 60 kilometers. It should also be advanced enough to perform positive identification on a target, and engage and attack a range of targets including personnel, vehicles and facilities.
Companies have until May 18, 2018, to submit proposals to the Marine Corps on such a system.
Service leaders have publicly said they’re planning to make big investments in the field of long-range precision fires as they prepare for future conflicts.
The commanding general of Marine Corps Combat Development Command, Lt. Gen. Robert Walsh, told Military.com in December 2017, that the service was making decisions to divest of certain less successful weapons systems in order to shift more resources to developing these capabilities. The service had already done so, he said, with its 120mm towed mortar system, the Expeditionary Fire Support System.
“We made that decision to divest of it, and we’re going to move that money into some other area, probably into the precision fires area,” Walsh told Military.com. “So programs that we see as not as viable, this [program objective memorandum] development that we’re doing right now is to really look at those areas critically and see what can we divest of to free money up to modernize.”
This article originally appeared on Military.com. Follow @military.com on Twitter.
A Kurdish female militia that took part in freeing the northern Syrian city of Raqqa from the Islamic State group said on Oct. 19 it will continue the fight to liberate women from the extremists’ brutal rule.
In a highly symbolic gesture, Nisreen Abdullah of the Women’s Protection Units, or YPJ, made the statement in Raqqa’s Paradise Square — the same place where ISIS fighters once carried out public killings.
She said the all-women force, which is part of the US-backed Syrian Democratic Forces battling ISIS, lost 30 fighters in the four-month battle to liberate Raqqa.
Under the rule of the Islamic State group, women were forced to wear all-encompassing veils and could be stoned to death for adultery. Hundreds of women and girls from Iraq’s Yazidi minority were captured and forced into sexual slavery.
Raqqa was center stage of ISIS’ brutality, the de facto capital of the militants self-proclaimed “caliphate.”
“We have achieved our goal, which was to pound the strongholds of terrorism in its capital, liberate women, and restore honor to Yazidi women by liberating dozens of slaves,” Abdullah said.
The Syrian Democratic Forces, a coalition of several factions including the YPJ, said on Oct. 17 that military operations in Raqqa have ended and that their fighters have taken full control of the city.
The spokesman for the US-led coalition, Col. Ryan Dillon, tweeted on Oct. 19 that the SDF has cleared 98 percent of the city, adding that some militants remain holed up in a small pocket east of the stadium. Dillon added that buildings and tunnels are being checked for holdouts.
Even as the guns have gone quiet, preparations for a reconstruction are underway.
In Saudi Arabia, a state-linked news website said a high-level Saudi official was in Raqqa to discuss the kingdom’s “prominent role in reconstruction” efforts. The Okaz site quoted unnamed Saudi sources as saying that Thamer al-Sabhan met with members of Raqqa’s city civil. The website said the United Arab Emirates will also play a role in rebuilding.
The report included a photograph of al-Sabhan, apparently in Raqqa with Brett McGurk, the top US envoy for the coalition battling the ISIS. Saudi Arabia is a member of the coalition. Al-Sabhan was previously ambassador to Iraq, but left amid threats from Iranian-backed militias.
The SDF is expected to hold a news conference in Raqqa on Oct. 20 during which the city will be declared free of extremists, for the first time in nearly four years.
The fall of Raqqa marks a major defeat for IS, which has seen its territories steadily shrink since last year. ISIS took over Raqqa, located on the Euphrates River, in January 2014, and transformed it into the epicenter of its brutal rule.
Meanwhile, Syrian President Bashar Assad met with a visiting Iranian army commander on Oct. 19 to discuss bilateral relations, the state news agency SANA said. The Iranian general also conveyed a message from Iran’s supreme leader, Ayatollah Ali Khamenei.
SANA said Assad and Maj. Gen. Mohammad Bagheri focused on military cooperation, “which has witnessed a qualitative development during the war that Syria and its allies, mainly Iran, are waging against terrorism” in Syria.
Iran has been one of Assad’s strongest supporters since the country’s crisis began more than six years ago and has sent thousands of Iranian-backed militiamen to boost his troops against opponents.
SANA quoted Bagheri as saying that the aim of his visit is to “put a joint strategy on continuing coordination and cooperation at the military level.” He also stressed Iran’s commitment to help in the reconstruction process in Syria.
Bagheri met with several Syrian officials on Oct. 18, including Defense Minister Fahd Jasem al-Freij, and Syrian army commander, Maj. Gen. Ali Ayyoub.
Meanwhile the al-Qaeda linked Levant Liberation Committee released a rare video of its leader Abu Mohammed al-Golani, showing him speaking with his fighters. The release comes two weeks after Russia said it seriously wounded him in an airstrike.
The video appears to have been shot before an al-Qaeda offensive on a central government-controlled village on Oct. 6. Two days before the attack, Russia’s military claimed that al-Golani was wounded in a Russian airstrike and had fallen into a coma. The military offered no evidence of al-Golani’s purported condition.
The al-Qaeda-linked group subsequently denied al-Golani was hurt, insisting he is in excellent health.