The Marine Corps is actively testing a robotic system outfitted with sensors and cameras that can be armed with an M240 machine gun.
It’s called the Modular Advanced Armed Robotic System, and it looks crazy.
Just last week, infantry Marines from 3rd Battalion, 5th Marines were taking the robot out on training patrols at Camp Pendleton. Later this month, they’ll head to the Marines’ desert training site at 29 Palms, California to fire off plenty of live rounds.
If it were actually fielded, MAARS would complement the 13-person infantry squad that typically carries small arms, offering up a tracked vehicle that can zone in on targets with a mounted M240B machine gun firing 7.62mm NATO rounds.
It can carry about 400 rounds, or it can be reconfigured to tote a 40mm grenade launcher instead. The Qinetiq-built robot only hits 7 mph for a top speed (which is fast enough for troops who are walking alongside it) and can run for 8 to 12 hours.
Of course, it does have some limitations. It’s not totally hands-free, since operators need to hand reload it, and it could be stopped by rougher terrain. But MAARS is just one of many technologies the Corps is testing for its Warfighting Laboratory in an effort to field the “Marine Corps of 2025.”
Among other technologies that the Corps is considering are a fully-autonomous ground support vehicle, multiple smaller scale drones, and a precision airborne strike weapon that a grunt can carry in a backpack.
The MAARS also has a big brother nearly five times its weight that can be outfitted with an M134 minigun.
This is the Modular Advanced Armed Robotic System, or MAARS for short. It’s an unmanned ground vehicle that can be outfitted with a medium machine gun or a grenade launcher.
Infantry Marines with 3rd Battalion, 5th Marines were testing it out last week to see how it would mesh within their unit and work alongside them.
They control it with the Tactical Robotic Controller, which lets them see what it sees, and target the bad guys. The TRC can also control a bunch of other gadgets, such as drones and ground sensors.
Besides being an awesome death-dealing robot, it can also drag wounded Marines off the battlefield if they are injured.
It also has a much bigger brother: The Robotic Vehicle Modular/Combat Area Robotic Targeting (RVM/CART). Besides its size, it can pack a lot more firepower with an M134 Minigun.
With an insanely high rate of fire of 2,000 to 6,000 rounds per minute, that makes it the grunt’s best friend. Marines can also mount a laser on top to target enemies for precision airstrikes.
U.S. Secretary of State Mike Pompeo has told lawmakers that the United States intends to impose sanctions on firms that continue to help Russia build a natural-gas pipeline to Europe as he sought to dispel concerns about Washington’s commitment to halt the controversial project.
“We will do everything we can to make sure that that pipeline doesn’t threaten Europe,” Pompeo told a senate hearing on July 30, adding: “We want Europe to have real, secure, stable, safe energy resources that cannot be turned off in the event Russia wants to.”
Pompeo told the panel that the United States has already been in touch with some companies working on Nord Stream 2 about the risks they face if they don’t halt their activities.
The State Department and Treasury Department “have made very clear in our conversations with those who have equipment there the expressed threat that is posed to them for continuing to work on completion of the pipeline,” he said.
The United States opposes the Nord Stream 2 pipeline, which would run under the Baltic Sea and double Russia’s direct natural gas exports to Germany while bypassing Ukraine.
Washington claims the pipeline would increase Europe’s dependence on Russian gas while also hurting Ukraine, which stands to lose billions of dollars in gas-transit fees.
‘Frustrations’ With Germany
Work on the nearly billion project, which is more than 90 percent complete, was halted in December after the United States passed a law that imposed sanctions on vessels laying the pipeline, forcing Swiss-based AllSeas to pull out.
Russian vessels are now seeking to finish the project, but they require help from international companies such as insurers and ports, which Pompeo has now threatened to sanction.
Pompeo earlier in the month announced that he was removing guidelines from a 2017 Congressional bill that exempted the Nord Stream 2 pipeline from sanctions amid signs that Russia was taking steps to complete the project.
During the July 30 hearing, Senator Ted Cruz (Republican-Texas) said he had discussed Nord Stream 2 in “considerable depth” with President Donald Trump a day earlier during their trip to Western Texas, a major energy producing region.
Texas potentially benefits from the continued delay of Nord Stream 2 as it opens the possibility of more U.S. liquefied-natural-gas exports to Europe. Russia has accused the United States of using energy sanctions as a “weapon” to open up new markets for its oil and gas industry.
Cruz said Trump expressed “frustrations” with the leadership of Germany, which continues to support the Nord Stream 2 project.
U.S.-German relations have suffered under Trump, who recently announced he would be pulling about 12,500 troops from the country.
Massive missile strikes conducted by US, UK, and French air and naval assets on April 13, 2018, hit three targets that were allegedly related to the Syrian government’s chemical weapons program. The strikes appear to have been largely successful.
US Marine Corps Lieutenant General Kenneth McKenzie, the director of the Joint Staff, described the operation as “precise, overwhelming, effective,” and said that it “significantly crippled” the Syrian government’s chemical weapons capabilities.
In all, 105 weapons struck the Barzah Research and Development Center outside of Damascus, the Him Shinshar bunker, and a storage site near Homs.
“Taken together … these attacks on multiple axes were able to overwhelm the Syrian air defense systems,” he said.
(U.S. Department of Defense photo)
McKenzie also said that Syrian air defenses fired up to 40 surface-to-air missiles “without guidance,” and that they were “largely ineffective” as they had not managed to shoot down any US aircraft or prevent the intended targets from being destroyed.
Often overlooked in the assessment of the operation is the fact that two new weapons, the Joint Air-to-Surface Standoff Missile-Extended Range, known as the JASSM-ER, and the Virginia-class nuclear attack submarine both made their combat debuts during the operation — and appear to have performed perfectly.
The JASSM kept bombers out of Syrian airspace
The JASSM is a standoff air-launched cruise missile made by Lockheed Martin. It is usually dropped from a bomber like a B-1B Lancer or B-2 Spirit, but can also be carried by F-15s and F-16s.
Its standoff capability enables it to be launched well away from its target, meaning its carrying vehicle may not even need to enter hostile airspace. This appears to be what happened in Syria, as Air Force spokesman Lt. Col Damien Pickart told Military.com that the B-1B was able to “launch stand-off weapons from outside Syrian airspace.”
(Lockheed Martin photo)
The JASSM has a range of 200-500 nautical miles, a 1,000 pound penetrator/blast fragmentation warhead that can strike within 10 feet of its target, and a stealthy airframe that, in Lockheed Martin’s words, make it “extremely difficult to defeat.”
The missile has been in service since 2009, and at least 2,000 of them were delivered to the US Air Force. They are also in service with Australia, Finland, and Poland.
A total of 19 JASSMs were launched from B-1 bombers on April 13, 2018, all of which struck the Barzah Research Center. The bombers flew from the Al Udeid Air Base in Qatar with an escort of EA-6B Prowlers that are designed for electronic warfare.
The Virginia-class nuclear attack submarine is one of the quietest submarines in service
Made by General Dynamics Electric Boat and Huntington Ingalls Industries, the Virginia-class nuclear attack submarine is one of the newest classes of submarines in the US Navy, and is considered by some to be one of the quietest submarines in service.
It has 12 vertical launch missile tubes that can fire 16 Tomahawk submarine-launched cruise missiles, as well as four 533mm torpedo tubes.
(U.S. Navy photo)
A Virginia-class submarine, the USS John Warner, was one of four US Navy vessels that took part in April 13, 2018’s operation, firing six Tomahawks. The other vessels were the Ticonderoga-class cruiser USS Monterey, and Arleigh Burke-class destroyers USS Higgins and USS Laboon.
USS Laboon and USS Monterey fired 37 Tomahawk cruise missiles from the Red Sea, while USS Higgins fired 23 from the Persian Gulf.
The Warner was notably the only US Navy vessel firing weapons from the Mediterranean Sea, where Russia reportedly has a considerable naval presence. Before the strike, a former Russian navy admiral said the Russian navy would sink the USS Donald Cook, a guided-missile destroyer in the Mediterranean, if it carries out a strike on Syria.
In the end, the Cook didn’t fire, and the Warner, a submarine, fired missiles while submerged, presenting a much more difficult target than a destroyer on the surface.
The Navy released footage of USS John Warner launching its cruise missiles, which you can see here:
Four North Korean soldiers fired about 40 rounds at a comrade fleeing into South Korea and hit him five times in the first shooting at the jointly controlled area of the heavily fortified border in more than 30 years, the South’s military said Nov. 14.
South Korean soldiers did not fire their weapons, but the Nov. 13 incident occurred at a time of high animosity over North Korea’s nuclear program. The North has expressed intense anger over past high-profile defections.
The soldier is being treated at a South Korean hospital after a five-hour operation for the gunshot wounds he suffered during his escape across the Joint Security Area. His personal details and motive for defection are unknown and his exact medical condition is unclear.
South Korea’s military said he suffered injuries in his internal organs but wasn’t in a life-threatening condition. But the Ajou University Medical Center near Seoul said the soldier was relying on a breathing machine after the surgery removed the bullets. Lee Guk-jong, a doctor who leads Ajou’s medical team for the soldier, described his patient’s condition as “very dangerous” and said the next 10 days might determine whether he recovers.
On Nov. 13, he first drove a military jeep but left the vehicle when one of its wheels fell into a ditch. He then fled across the JSA, with fellow soldiers chasing and firing at him, South Korea’s military said, citing unspecified surveillance systems installed in the area.
Suh Wook, chief director of operations for the South’s Joint Chiefs of Staff, told lawmakers that North Korea fired a total of about 40 rounds in a shooting that his office suggested started while the soldier was in the jeep.
The solider was found beneath a pile of leaves on the southern side of the JSA and South Korean troops crawled there to recover him. A U.N. Command helicopter later transported him to the Ajou medical center, according to South Korean officials.
The North’s official media haven’t reported the case as of Nov. 14. They have previously accused South Korea of kidnapping or enticing North Koreans to defect. About 30,000 North Koreans have fled to South Korea, mostly via China, since the end of the 1950-53 Korean War.
The JSA is jointly overseen by the American-led U.N. Command and by North Korea, with South Korean and North Korean border guards facing each other only meters (feet) apart. It is located inside the 4-kilometer-wide (2 1/2-mile-wide) Demilitarized Zone, which forms the de facto border between the Koreas since the Korean War. While both sides of the DMZ are guarded by barbed wire fences, mines and tank traps, the JSA includes the truce village of Panmunjom which provides the site for rare talks and draws curious tourists.
Monday’s incident was the first shooting at the Joint Security Area since North Korean and U.N. Command soldiers traded gunfire when a Soviet citizen defected by sprinting to the South Korean sector of the JSA in 1984. A North Korean soldier defected there in 1998 and another in 2007 but neither of those events involved gunfire between the rivals, according to South Korea’s military.
The 1984 exchange of gunfire happened after North Korean soldiers crossed the border and fired, according to the U.N. Command. In Monday’s incident, it wasn’t known if the North continued firing after the defector was officially in the southern part of the Joint Security Area. The U.N. Command said Tuesday that an investigation into the incident was underway.
The Joint Security Area was the site of some bloodshed during the Cold War but there hasn’t been major violence there in recent years. In 1976, North Korean soldiers axed two American army officers to death and the United States responded by flying nuclear-capable B-52 bombers toward the DMZ in an attempt to intimidate the North.
These veterans served in different branches and different conflicts, but one thing unites them — their love of music.
We Are The Mighty and USAA flew the Mission: Music finalists to the world-famous Ocean Way Studio in Nashville for a recording session where we took the opportunity to chat about the music that influenced them along the way.
U.S. Marine JP Guhns likened songs to little checkmarks — little memories — along his military career, while husband and wife duo Home Bru brought up how music connected them to their family.
Meanwhile, Steve Schneider of Jericho Hill related to Thrice’s “Stare at the Sun,” a tune about looking for something to believe in. Many veterans can relate to the feeling of questioning what they’re fighting for, and for this soldier, music helped him come up with an answer.
“There are days in the military where you might not have a whole lot to do, but they’re gonna find stuff for you to do,” laughed U.S. Navy veteran McClain Potter as he explained why “Everyday is Exactly The Same” from Nine Inch Nails is on his Battle Mix.
The Air Force is giving its historic B-52 bomber a massive weapons enhancement by engineering an upgrade to the aircraft’s internal weapons bay, which promises to substantially enhance its attack mission options.
The 1760 Internal Weapons Bay Upgrade, or IWBU, will allow the B-52 to internally carry up to eight of the newest “J-Series” bombs in addition to carrying six on pylons under each wing. This initiative not only increases the weapons delivery capacity for the bomber but also enables it to accommodate a wider swath of modern weapons.
IWBU uses a digital interface and a rotary launcher to increase the weapons payload, service officials said.
“The B-52 1760 Internal Weapons Bay Upgrade provides internal J-series (smart) weapons capability through modification of Common Strategic Rotary Launchers and upgrade of aircraft software,” Air Force spokeswoman Maj. Emily Grabowski told Warrior Maven.
The B-52 has previously been able to carry JDAM weapons externally, but with the IWBU, the aircraft will be able to internally house some of the most cutting-edge, precision-guided Joint Direct Attack Munitions and Joint Air-to-Surface Standoff Missiles, among others.
Air Force weapons developers have told Warrior Maven that the IWBU effort will bring a 66-percent increase in carriage capability for the B-52.
Service developers also explain that having an increased internal weapons bay capability affords an opportunity to increase fuel-efficiency by removing bombs from beneath the wings and reducing drag.
The move is a key modernization step for the Air Force which, for many known reasons, no longer views the B-52 in its historic role as a “carpet bombing” aircraft. The demands and challenges of modern warfare, both counterinsurgency as well as the possible force of large-scale mechanized warfare, now require precision. This weapons upgrade will help expedite the integration of an even larger arsenal of precision-guided or (smart) weapons, as Grabowski explained.
While the B-52 can, of course, still blanket an area with bombs should it need to do so, more likely challenges in a modern threat environment would doubtless use long-range sensors, guided weapons, or even lasers to achieve both greater standoff and precision in possible engagements.
Also, given that the size and “not-so-stealthy” configuration of the B-52, it is primarily intended to operate in areas where the US Air Force already has air supremacy. Longer range, more precise Russian-built air defenses would also be expected to pose a significant threat to even high-altitude bombing missions.
Given the fast pace of advances in command and control technology, manned-unmanned teaming, and artificial intelligence, it is entirely feasible that manned bombers, such as the B-52, will soon be able to control nearby drones from the air. (A former Air Force Chief Scientist discussed this at great length in previous interviews with Warrior Maven.)
The first increment of IWBU integrates an internal weapons bay ability to fire a laser-guided JDAM. A second increment, to finish by 2022, will integrate more modern or cutting-edge weapons such as the Joint Air-to-Surface Standoff Missile, or JASSM, JASSM Extended Range (ER) and a technology called Miniature Air Launched Decoy, or MALD. A MALD-J “jammer” variant, which will also be integrated into the B-52, can be used to jam enemy radar technologies as well.
Engineers are now equipping all 76 of the Air Force B-52s with digital data-links, moving-map displays, next-generation avionics, new radios, and an ability to both carry more weapons internally and integrate new, high-tech weapons as they emerge, service officials said.
The technical structure and durability of the B-52 airframes in the Air Force fleet are described as extremely robust and able to keep flying well into the 2040s and beyond – so the service is taking steps to ensure the platform stays viable by receiving the most current and effective avionics, weapons, and technologies, Air Force weapons developers told Warrior Maven over the course of multiple interviews with program managers in recent years
Reps. Debbie Dingell, a Democrat from Michigan, and Darrell Issa, a Republican from California, traveled to Marine Corps Recruit Depot Parris Island, South Carolina, over the weekend to meet with the depot’s commander, Brig. Gen. Austin Renforth, about the findings of three command investigations into the death of 20-year-old Muslim recruit Raheel Siddiqui and other allegations of hazing.
Renforth, an infantry officer, took command of the base in June, after three senior leaders had been fired and 15 drill instructors sidelined in connection with the hazing probes.
In a joint announcement Wednesday, Dingell and Issa expressed horror at the findings of the investigation, but optimism that the Corps was moving in the right direction.
“This weekend’s visit was an opportunity to see firsthand the changes that are being implemented to achieve this goal. After meeting with General Renforth and talking with other key members of leadership, drill instructors, and recruits, it is clear that the Marine Corps is treating this issue with the seriousness it deserves,” Dingell said in a statement.
“General Renforth has assured me this is personal to him and he is committed to working towards real change to help prevent a tragedy like this from happening in the future,” she added.
Dingell, who has the Siddiqui family in her district and has pressed the Marine Corps for information since his March 18 death, said the immediate changes the service had implemented — including automatically suspending staff who are being investigated for hazing and increasing officer oversight of drill instructors — provided evidence of Renforth’s dedication to eradicate the problems.
“This is just a first step and continued monitoring in the weeks and months ahead will be necessary to ensure these policies have their intended effect,” she said.
Issa, whose district includes the Marine Corps’ West Coast recruit depot in San Diego, called the findings surrounding Siddiqui’s death “nothing short of heartbreaking.”
“Beyond training procedures and safeguards, we must do more to prevent active-duty personnel suicide overall,” he said in a statement. “Statistics released earlier this year show the number of service members committing suicide remains unacceptably high while reserve suicide rates have increased.”
I remain committed to assisting our Marines and all of our services in working to provide all the support they need,” he added.
The results of the three command investigations, reviewed by Military.com on Sept. 8, revealed that the drill instructor whose abuse and harassment of Siddiqui provided “impetus” for the recruit’s death had been previously investigated for hazing another Muslim recruit by throwing him in a clothes dryer and calling him a “terrorist.”
The probes revealed a culture of hazing within 3rd Recruit Training Battalion that stretched back at least as far as 2015 and was only curtailed after a recruit’s family wrote a letter to President Barack Obama in April, a month after Siddiqui’s death.
The US and India practiced hunting submarines in the Indian Ocean last week, a first for the two nations since the signing of a major agreement making it easier to keep track of Chinese undersea assets.
US and Indian P-8 multi-mission maritime patrol and reconnaissance aircraft, together with the US Navy Arleigh Burke-class guided-missile destroyer USS Spruance, participated in anti-submarine warfare training exercises, focusing on information sharing and coordination, the US Navy said in a statement.
“Our goal is to further standardize our procedures, so we can work more efficiently in future real-world operations,” said US Navy Lt. James Lowe, a pilot with Patrol Squadron 8.
One of India’s P-8I long-range maritime patrol aircraft, dedicated on Nov. 13, 2015.
The exercises, which took place near the island of Diego Garcia, were the first ASW drills since India and the US signed the Communications, Compatibility and Security Agreement (COMCASA) in September 2018, The Diplomat reported last week.
The agreement allows for real-time operational intelligence sharing, especially in the maritime domain, where China is stepping up its surface and undersea activities.
“If a US warship or aircraft detects a Chinese submarine in the Indian Ocean, for instance, it can tell us through COMCASA-protected equipment in real-time, and vice-versa,” an unnamed source told the Times of India when the agreement was signed.
It was first disclosed two years ago by Harry Harris, then the US Navy admiral in charge of US Indo-Pacific Command, that the US was working with India to better monitor Chinese activities in the Indian Ocean.
“There is sharing of information regarding Chinese maritime movement in the Indian Ocean,” Harris explained in early 2017, adding that the US works “closely with India and with improving India’s capability to do that kind of surveillance.”
“Chinese submarines are clearly an issue and we know they are operating through the region,” said Harris, who is now the US ambassador to South Korea.
The US and India established their first secure communications link between the two navies as part of the COMCASA agreement in early April 2019.
India’s first-in-class Kalvari submarine during floating at Naval Dockyard in Mumbai in October 2015.
The Department of Defense noted several times in its 2018 report on China’s growing military might that the People’s Liberation Army Navy (PLAN) continues to deploy submarines to the Indian Ocean and is “demonstrating its increasing familiarity with operating in that region.”
“These submarine patrols demonstrate the PLAN’s emerging capability both to interdict key sea lines of communication (SLOC) and to increase China’s power projection into the Indian Ocean,” the Pentagon argued.
The Indian navy stood up its first squadron of P-8I Neptunes, a variant of the P-8A Poseidons used by the US Navy, in 2015. It currently operates a fleet of eight, but it has placed an order for four more of these planes, which are widely recognized as the best anti-submarine warfare aircraft in the world.
Earlier this month, the US approved the sale of two dozen submarine-hunting, multi-role MH-60R Seahawk maritime helicopters to India for .6 billion.
This article originally appeared on Business Insider. Follow @BusinessInsider on Twitter.
When American forces stormed ashore at Saipan on June 15, 1944, they knew they were in for a fight. Saipan was strategically important to both the Americans and the Japanese. It is the largest island in the Marianas chain and close enough to the Japanese mainland for American B-29’s to launch bombing missions.
Though it is often overshadowed by other battles, the battle of Saipan was the most costly operation for the Americans in the Pacific up to that point. 31,000 Japanese stood ready to defend the island from some 71,000 Americans of the 2nd and 4th Marine Divisions and the Army’s 27th Infantry Division.
Through June and into July, American forces made slow but steady progress across the island. Brutal fighting occurred in places that earned names such as “Death Valley” and “Purple Heart Ridge.”
By July 6, the situation was desperate for the Japanese. With the defeat of the Imperial Japanese Navy at the Battle of the Philippine Sea, there was no hope of rescue or reinforcement for the remaining defenders on Saipan.
Gen. Saito, the Japanese commander on Saipan, ordered all remaining defenders, wounded or not, and even civilians on the island to conduct a massive banzai charge against the American positions. “There is no longer any distinction between civilians and troops,” Saito said. “It would be better for them to join in the attack with bamboo spears than to be captured.”
Saito would not join his troops in the attack, though. After transmitting an apology to Tokyo for his failure, he committed ritual suicide.
Leading the way were soldiers carrying a massive red flag, followed by sword-wielding officers and the rest of the infantry. Behind them came the wounded and what civilians decided to join the attack. There was an insufficient number of rifles for all, so many wounded came with bamboo spears, rocks, or anything else they hoped could do damage.
As some 4,000 Japanese swarmed over the American lines, intense close quarters combat broke out.
Leading the 1st Battalion was Lt. Col. William O’Brien. Since the first days his unit had landed on Saipan, he had shown his bravery and skill as a commander. O’Brien had personally led several assaults to reduce Japanese strongpoints while continually exposing himself to enemy fire.
When the Japanese came at the 1st Battalion that morning, O’Brien was once again in the thick of the fighting and leading from the front.
As the enemy swept over his lines, O’Brien steadfastly held his ground and rallied his men. Like a modern-day Call of Duty character, he dual-wielded two .45 caliber pistols and shouted encouragement to his men as he blasted the onrushing attackers.
As the attack continued, O’Brien received a painful wound to his shoulder but refused to quit. When his pistol ammunition was exhausted, he picked up a discarded rifle and continued to fight. When he again ran out of ammunition, he manned a .50 caliber machine gun and poured fire into the advancing Japanese.
O’Brien was last seen alivesurrounded by sword-wielding Japanese, blasting the .50 caliber machine gun and yelling at his men, “Don’t give them a damn inch!”
Elsewhere on the 1st Battalion line, one Thomas Baker, a private in A Company, was also giving the Japanese hell. Like O’Brien, from the early days of his unit’s involvement on Saipan he had exhibited tremendous bravery in fighting the Japanese.
As the Japanese rushed his position, Baker delivered deadly fire with his rifle. When he was wounded he refused to be evacuated and continued to fight on. With his ammunition exhausted, Baker turned his rifle into club and desperately fought off the Japanese attackers until his weapon was battered beyond use.
At this point, a fellow soldier withdrew him from the line, but in carrying him from the field was himself wounded. Baker refused to be taken any further due to the risk to his friends. He made a simple last request — to be left propped against a tree, facing the Japanese, with a .45 pistol with eight shots.
When friendly forces retook the position in the following days, they discovered Baker’s body, just as they had left it, with eight dead Japanese laying in front of him — each killed with a single shot from his .45.
Further down the line from the 1st Battalion, the 2nd Battalion was having problems of its own. Japanese forces had breached the perimeter and were attacking the battalion aid station just behind the front lines.
As Japanese continued to infiltrate his aid station, Salomon, with the help of wounded soldiers, expertly dispatched them until he realized the situation was untenable. Ordering the wounded to make their way back to the regimental aid station, Salomon joined the defenses and manned a machine gun.
Salomon was later found slumped over the machine gun, his body riddled with bullet and bayonet wounds, with scores of Japanese dead in front of his position. It was later determined that he had been wounded over 20 times and had moved the machine gun four times in order to get a clear field of fire around the bodies before he was overcome.
The battle for Saipan would be declared over two days later. Afterwards, O’Brien, Baker, and Salomon would all be awarded the Medal of Honor.
His father worked three jobs to put him through private school. He served in the US Navy as a nuclear weapons transshipment pilot, before winning a National Football League Superbowl title with the New York Giants.
He is now president at Academy Securities, a broker-dealer founded in 2009 that employs veterans and service-disabled veterans in areas like investment banking and trading.
McConkey sat down with Skiddy von Stade, CEO of finance career services company OneWire, to talk about his background, and Academy Securities.
During that conversation, he laid out why experience with the military is valuable for those who want to break into the cutthroat financial services industry.
Military culture is honesty, integrity, loyalty, teamwork and by the way, service. We’re in a service industry. Who knows more about those qualities than military veterans? When those qualities and experiences come into helping our clients, it really resonates.
We’re a small company, growing. We’d like to be a bulge-bracket investment bank broker-dealer at some point. We don’t have the resources that the big banks have, but we’re nimble, we’re quick, and we have differentiated types of value that we add. We got nine senior-level retired generals and admirals, people who have fingers on the pulse of geopolitical macro world we live in. And that’s a value to customers if they’re in capital markets. If they’re managing money.
Nearly 2 million US veterans would benefit from raising the federal minimum wage to $15 per hour.
Approximately 1.8 million of the 9 million veterans in payroll jobs across the US would get a raise if Congress raised the federal minimum wage to $15 per hour by 2024, the liberal-leaning Economic Policy Institute determined in an analysis on the Raise the Wage Act of 2017 in honor of Veterans Day.
Nearly two-thirds of the veterans who would get the raise are age 40 or older, over 60% have some college experience, and nearly 70% work full time, the EPI found.
“This means that despite their service to the country, the intensive training that they have received, and the access to additional education provided to veterans through the GI Bill, 1 out of every 5 veterans is still being paid so little that they stand to benefit from raising the minimum wage,” the Economic Policy Institute’s David Cooper and Dan Essrow wrote.
The debate over raising the federal minimum wage has heated up over the past few years. Those against raising it argue that a higher minimum wage could lead businesses to raise their prices or to cut jobs and benefits in an attempt to offset the cost.
Those in favor of raising it, on the other hand, argue that raising the minimum wage above the current $7.25 per hour federal standard would improve living standards, and would enable consumers to spend more. That increased spending would then give a nice, healthy boost to an economy that still shows some slack several years after the Great Recession.
The current federal minimum wage is at $7.25 per hour. Parts of the country have raised their minimum wages above that, including a number of states and major cities like Seattle, Washington and Los Angeles, California.
The Raise the Wage Act of 2017 was introduced by Sens. Bernie Sanders (I-VT) and Patty Murray (D-A), and Reps. Bobby Scott (D-VA) and Keith Ellison (D-MN) back in April, 2017. It would incrementally raise the minimum wage to $15 per hour by 2024, and starting in 2025 it would be “indexed” to median wages so that each year the minimum wage would be adjusted based on the growth in median earnings. It would also increase the subminimum wage for tipped workers (which has been at $2.31 per hour since 1991) and phase out the youth minimum wage and the subminimum wage for workers with disabilities.
The real federal minimum wage peaked back in 1968 at $8.54 in 2014 dollars, according to an analysis by the Pew Research Center. The chart below from Pew compares the real (adjusted for inflation to 2014 dollars) federal minimum wage to the nominal (non-inflation adjusted) federal minimum wage since 1939.
A study from The Economist in 2015 found that “one would expect America… to pay a minimum wage around $12 an hour” based on how rich the country is and the pattern among other developed economies in the Organization for Economic Cooperation and Development (OECD) .
A South Carolina World War II veteran’s family, along with Congressman Joe Wilson and Rep. Bill Taylor, R- SC, recently honored the war hero with the Bronze Star, which he actually received 73 years ago.
On May 20, Aiken County’s James “Boots” Beatty, 96, was presented the award that was authorized in 1944, but he was never notified.
Now, after decades, Wilson and Taylor presented the Bronze Star.
“I honored him recognition from the South Carolina House of Representatives,” Taylor said. “Boots was one of the original military ‘tough guys’. He served in the famed Devil’s Brigade, our county’s First Special Forces Unit and the forerunner of Delta Force, the Navy Seals.”
The Bronze Star Medal, unofficially the Bronze Star, is a United States decoration awarded to members of the United States Armed Forces for either heroic achievement, heroic service, meritorious achievement, or meritorious service in a combat zone.
Beatty received this and several other awards during a special surprise presentation at his home in Aiken.
“Today’s recognition was a surprise arranged by his loving family who didn’t know of his special service until they discovered it six years ago because he never told them,” Taylor said.
Jim Hamilton, Beatty’s son-in-law, and several other family members also presented other medals and decorations Beatty won, but lost over the many years.
Beatty also was presented with the Good Conduct medal, which was approved by the Secretary of War on Oct. 30, 1942; the European — African — Middle Eastern Campaign Medal is a military award of the United States Armed Forces which was first created on Nov. 6, 1942 by executive order 9265, issued by President Franklin D. Roosevelt; and the World War II Victory Medal, Hamilton said.
He also received the Active Duty Army Minute Man Lapel Pin, Combat Infantryman Badge, and the Expert Infantryman Badge.