The ongoing US trade war with China has raised concerns about the United States deploying the ‘nuclear option’ of freezing China’s banking sector out of the global US dollar payments system, prompting the use of alternative currencies such as the euro and the yuan to settle financial transactions. The European Union’s single currency was the […]
With the US economy reeling from the effects of the coronavirus pandemic, the Senate Foreign Relations Committee agreed to give Israel a minimum of $3.8 billion in military aid per year. A full vote on the gift is expected soon. The US unemployment rate now stands at 14.7 percent, the worst figure since records began. […]
Despite the impact Covid-19 has had on the global economy, the US is seeking more funding to counter and confront China in the Pacific, as well as enhancing its military preparedness for scenarios involving nuclear warfare. The coronavirus outbreak has impacted the global economy in a unique and unprecedented fashion unseen since World War II. […]
The embattled USS Gerald R. Ford (CVN-78), flagship of the new Ford class of carriers which the US Navy plans to eventually replace its Enterprise- and Nimitz-class warships with, is currently years behind schedule, and facing a slew of issues which US lawmakers have complained seem to have no “end in sight.” A new report […]
The long list of problems plaguing the F-35 Joint Strike Fighter continues to grow, with a Pentagon review finding over 800 software flaws in the costly aircraft, as well as defects that prevent its guns from hitting targets. The annual assessment by the Pentagon’s director of operational testing and evaluation, Robert Behler, revealed that the […]
The Russian nuclear-capable hypersonic missile was first revealed to the public by the country’s President Vladimir Putin in March 2018 and has since undergone numerous tests with the Russian Air Force – which have only confirmed its operational capabilities. Russian President Vladimir Putin attended war games between the Russian Northern and Black Sea fleets on […]
The US military’s F-35 Lightning II stealth aircraft have a problem with spare parts, and it’s keeping the planes out of the sky, according to a new report by a government watchdog. “F-35 aircraft were unable to fly nearly 30% of the May-November 2018 time period due to spare parts shortages,” according to an April report by the Government Accountability […]
Escalation of US-China bilateral tariffs to shave off $1 trillion from America’s GDP. A study by the US Chamber of Commerce shows how the deterioration in the trade dispute between the world’s two largest economies, China and the United States, will drastically affect the American economy.
In the aftermath of the deadly 9/11 terrorist attacks, the US has spent over $5.9 trillion on wars abroad that have resulted in the deaths of an estimated 500,000 people, according to Costs of War, research published by the Watson Institute for International and Public Affairs at Rhode Island’s Brown University.
The latest technical glitch has delivered additional setbacks to the Pentagon’s most prized fifth-generation fighter jet. Military experts have been left scratching their helmets trying to figure out a viable solution to the problem, but options remain limited.
RT’s Boom Bust show presents the second part of a special project that looks into the quality of the US infrastructure. Even President Trump admitted that, when it comes to airports, the US is like a Third World country. Infrastructure is one of the major issues in the US as it affects the lives of […]
Toilet seat covers that cost $10,000? Coffee mugs for $1,200 apiece? No wonder NATO countries aren’t too keen to follow US military spending benchmarks. Even the Pentagon is looking for better deals and 3D printing for savings. While President Donald Trump browbeats NATO allies into increasing their military spending, the US Department of Defense is […]
Special Counsel Robert Mueller’s ongoing investigation into alleged collusion between the Trump campaign and Russia has cost the US taxpayer a whopping $17 million to date and returned no evidence of collusion. The investigation spent approximately $10 million between October 2017 and March this year, according to a Department of Justice report released Thursday.
Between globalization and nearly 20 years of constant warfare, the industrial part of the US military-industrial complex is not looking so good, putting future wars at risk, according to a new Pentagon report. The Annual Industrial Capabilities report, published by the Pentagon’s Office of Manufacturing and Industrial Base Policy, warns that reliance on foreign-sourced materials […]
A first-ever full-scale audit of the Pentagon’s massive military budget promises details that may upset some, but according to government officials will be worth its nearly $1 billion price tag. According to US Department of Defense (DoD) undersecretary David Norquist, the ongoing audit of the Pentagon’s books — the first ever for the enormous American military […]