Month: September 2008

Steve Gilliard Would Be Happy

The last game ever to be played at Yankee Stadium will be played tomorrow, with the Orioles and the Yankees fighting for the basement.

I’m not sure if Steve would give a damn about that, but the fact that the Yankees will be out of the playoffs for the first time in 13 years, that would make him smile.

Oh…Yeah….F@#$ the F@#$ing Yankees.

Economics Update

If you think that this crisis is over, it’s not even close, as evidenced by the fact that 40% of US money market funds posted no returns yesterday:

More than 40 percent of U.S. taxable money market mutual funds posted zero return Thursday amid persistent turmoil in the credit markets, fund tracker Lipper said Friday.

Lipper said 560 of the 1,263 classes of taxable money funds it tracks earned no return Thursday. This compared with 73 classes that posted zero return Wednesday and 63 Tuesday.

A lot of taxable money mutual funds “put up big fat zeros yesterday,” said Jeff Tjornehoj, senior research analyst at Lipper in Denver. “This is unprecedented in recent history.”

Expect to see the phrase, “unprecedented in recent history,” a lot in the next few months.

Part of this was no doubt the rather large gyrations in US T-Bills over the past few days, which went almost to 0% a on Thursday, because people were so concerned about finding safe havens. The 3 month T-Bill was at 0.22% Thursday, before heading back up to 0.91% on Friday following announcement of various rescue plans for the financial markets.

The dollar rose in response to the bailouts too, as did oil, though gasoline is down for the 3rd straight day, as that market adjusts to the realities of Hurricane Ike.

That being said, even with the rescue packages, Moody’s is still looking at cutting its ratings on monoliner insurers Ambac and MBIA.

Also, it now looks like Morgan Stanley is still looking at merging with a commercial bank, even if the news of the bailout plans may have helped.

Raytheon Eyes Sidewinder-X Upgrades

It appears to be a significant improvement on the original AIM-9X, with lock on after launch, and could drive the move to a new rocket motor, the rocket motor on the AIM-9X is the same as previous models, as it would allow launches to longer range.

From all I know about the missile, the kinematics (basically range and long range maneuverability) are not that good, having a single pulse motor (with thrust vectoring, you want lower thrust at the start in order to make the vectoring work better) and being smaller (5″ body diameter as vs 6″) than many of its competitors.

Looks Like the DDG-100 May Be More F$#@ed Up than Previously Found

Well, it looks like the sad saga of the DDG-1000 Zumwalt destroyers may become even sadder, as there are now doubts that the two ships purchased may never sail.

Noah Schactman cites a report from Defense News:

Issues have arisen in guaranteeing the seals between the composite construc­tion panels of the huge Zumwalt deckhouse… [where] all of the ship’s major sensors… are em­bedded in the structure, and all of the ship above the first super­structure level is contained…

[O]ne source familiar with the situation said the Navy is so wor­ried about the problem that it has been canvassing other manufac­turers of composite structures to see if an alternate production source could be found.

So will any Zumwalts be built?

… Sen. Susan Collins, R­-Maine, and a key supporter of the DDG-1000, told Defense News, “I still expect the Navy’s going to abandon the DDG-1000.”

It sure sounds to me like the ships cannot be built right now.

Background here.

And in the Never Ending Quest for Budget Dollars…..

Yep, some of the whiz kids at the National Defense University are pitching the idea that they need funding to protect us all from terrorists who would use Wizard of Warcraft to rehearse attacks on all of us.

Yes, it’s real, see, they’ve got PowerPoints, and everything, complete with a conversation using code words, simulated, of course.

See how they simulate some seriously Kule d00dz haxor terrorists?

So they need to pay someone play Warcraft in order to look for this non-existent problem.

I want the job….I REALLY want the job.

In reality, if terrorists want to engage in virtual training, they will do it on a private server…Just like you see people do with Doom….

After all, who wants to be in the middle of planning to nuke the VP residence, when some n00b comes up and starts asking stupid questions?

If this is why my taxes are so fracking high, I’d rather pay for Sarah Palin’s bridge to nowhere.

I Still Think that the Dutch are Sandbagging SAAB over their F-16 Repladement

But they are certainly making it look like a real competition. The Swedes needed extra time to get approvals for data release from the US, and the Dutch MoD extended the deadline on the bid to 30 September.

I still do not believe that the Dutch are serious about considering an alternative to the Lockheed-Martin JSF, they simply have invested too much time and effort, but they are doing their best to look fair about the process.

DPRK Testing New Missile Engine

It appears that they are in response to the US refusing to take them off the terrorist list, as was previously agreed to.

Seriously, taking them off the list is just a stroke of a pen, and can be reinstated with a stroke of a pen, but Bush and His Evil Minions&trade are so busy swinging their dicks that they are convincing the North Koreans that this is all some sort of ploy to destroy them.

Fracking with paranoids for giggles when they have missiles and nukes is stupid, but for Bush and His Evil Minions&trade, stupid is as stupid does, I guess.

Marine Corps Eyes M249 SAW Replacement

It looks like the Marines are looking at partially replacing their belt fed M249 SAW with a lighter magazine fed automatic rifle.

They are hoping for a 12 lb weapon to replace the 17 lb SAW.

Given that they are also dropping the quick change barrel as a way to get there, and using a slower rate of fire to deal with barrel heating this implies a significant drop in firepower.

Not having served, I’d appreciate any comments from people who have about the merits of such a change.

The US army is looking for a lighter weapon too, but they are sticking with the high rate of fire and belt feed.

Japan Looks at F-15 Updates, Indigenous Stealth Projects

They really want the F-22, but it appears that this is simply not going to happen, so they are looking at F-15 upgrades and a stealth platform of their own, the ATD-X.

Honestly, for legitimate defensive needs, the upgraded F-15 is all the JASDF needs. It’s actually superior for cruise missile interception, since it has a larger antennae than the F-22, and AESA radars have already been fitted to some export models.