Navy to Fight Pirates

According to CNN, the Navy has created a fleet do fight the recently troublesome pirates off the coast of Somalia. The new unit is a spin off of a force that was already in the region fighting drug trafficking and weapons smuggling. The area is important for the US to protect because around 20,000 commercial ships pass through it every year.

Interestingly enough it seems that, for once, we aren’t the only ones fighting this battle:

The United States is among at least 20 countries that are trying to combat piracy in the region, including Russia, India, Germany and Iran. In December, German sailors foiled an attempt by pirates to hijack an Egyptian cargo ship off the coast of Yemen, according to the German Defense Ministry, and the European Union launched its first naval operation to protect vessels. That came just days after China revealed its own plans to patrol the Horn of Africa’s volatile coastline. Continue reading Navy to Fight Pirates

Chrysler Expected to Fail Despite Bailout

Well, there’s absolutely no way anybody could have ever seen this coming. There was no way to ever predict anything like this. No posible way to figure out that the massive bailout madness would backfire and leave the tax payers holding the tab. Who would’ve thought that the brilliant thinking behind all of this could have turned out to be idiotic?

But none the less most analysts now expect Chrysler to fail despite the massive amount of cash the government has thrown their way. These hideous numbers, reported by the Associated Press, tell the story of the idiocy that is the automakers bailout:

Even by the standards of battered automakers, Chrysler is in dire shape. Its sales in December were down a stunning 53 percent, far worse than Ford or General Motors, and analysts say it probably won’t survive the year as an independent company — despite $4 billion in government loans and the possibility of more.

Things were so bad last year that a single Toyota model, the Camry/Solara midsize car, outsold the entire fleet of Chrysler LLC’s passenger cars.

It gets worse: Continue reading Chrysler Expected to Fail Despite Bailout