Friday, January 31, 2014

Pentagon: USA has no counter to Chinese hypersonic missile...

High Speed Threat

Pentagon intelligence official says Chinese hypersonic weapon poses major challenge
Chinese People's Liberation Army (PLA) sailor / AP
Chinese People's Liberation Army (PLA) sailor / AP
BY: 
China’s testing of a new ultra-high-speed maneuvering warhead represents a major threat to U.S. military forces, a Pentagon intelligence official said on Thursday.
Lee Fuell, a technical intelligence specialist with the Air Force National Air and Space Intelligence Center, said during a congressional China commission hearing that the recent test of what the Pentagon has called the WU-14 hypersonic glide vehicle “represents a considerable challenge.
“It is very difficult to defend against,” Fuell told the U.S. China Economic and Security Review Commission during a hearing on China’s military buildup. He noted that the weapon is “an area of great concern.”
The Washington Free Beacon first disclosed the test of an experimental hypersonic glide vehicle on Jan. 9. The vehicle appears to be an unpowered maneuvering vehicle that is lofted to near space and then is guided to its target at speeds of up to Mach 10 or nearly 8,000 miles per hour.
Chinese military commentators said the vehicle is planned for use in potential attacks against aircraft carriers at sea.
Fuell’s comments expressing concerns about the hypersonic threat contrast with those of Adm. Samuel Locklear, commander of the U.S. Pacific Command, who said last week that he was not particularly concerned by the Chinese hypersonic weapon. Locklear later acknowledged to reporters that the high-speed weapon would be a factor in “the calculation of how we’re going to maintain a peaceful security environment in the future.”
Commission member Larry Wortzel, who asked Fuell about the hypersonic weapon, said China is developing the high-speed vehicle as an outgrowth of its anti-ship ballistic missile, the DF-21D.
“It’s a big deal,” Wortzel said in an interview.
Wortzel said that unless the U.S. military develops directed energy weapons, including lasers and pulsed rail guns “we don’t have a counter” to the hypersonic missile threat.
“It really forces us further away from China’s coasts,” he said.
In a prepared statement for the hearing, Fuell said China is developing a range of systems designed to counter ballistic missile defenses, including maneuverable reentry vehicles, or MaRVs, and multiple independently-targetable reentry vehicles, or MIRVs. The hypersonic glide vehicle is considered a maneuvering re-entry vehicle.
Other anti-anti-missile systems include decoys, chaff, jamming, thermal shielding, and anti-satellite (ASAT) weapons, he said.
“Together with the increased mobility and survivability of the new generation of missiles, these technologies and training enhancements strengthen China’s nuclear force and enhance its strategic strike capabilities,” Fuell said.
New long-range mobile missiles and China’s beginning of strategic missile submarine patrols are expected to give the Chinese military more sophisticated command and control systems.
On China’s multiple warhead missiles, Fuell said the additional warheads will bolster the capability of its strategic nuclear forces.
“MIRVs provide operational flexibility that a single warhead does not,” he said. “Specifically, they enable more efficient targeting, allowing more targets to be hit with fewer missiles, more missiles to be employed per target, or a larger reserve of weapons held against contingency.”
China is expected to use its MIRVs to be able to hit more targets and allow a greater number of weapons to be held in reserve.
He did not say whether China has deployed multiple warheads only that it appears to be preparing to do so in the future.
The use of multiple warheads is likely to renew debate within U.S. intelligence circles about the number of China’s nuclear warheads. U.S. intelligence agencies claim China has around 200 to 300 warheads.
However, outside analysts insist that, based on the number of strategic missiles and the estimated large amount of fissile material produced by China, Beijing’s strategic warhead stockpile is far larger, perhaps between 600 and 1,000 warheads.
Fuell testified that China’s People’s Liberation Army (PLA) is steadily building up both ballistic and cruise missiles that are increasing in range and precision.
“PLA ballistic and cruise missile development is progressing at a steady pace,” he said in prepared remarked. “The PLA is expanding its conventional medium range ballistic missiles to increase the range at which it can conduct precision strikes against land targets and naval ships, including aircraft carriers, operating far from China’s shores out to the first island chain.”
Conventional intermediate-range missiles, like the maneuvering DF-21D anti-ship ballistic missile is also being developed and will “increase [China’s] capability for near-precision strike out to the second island chain” – hundreds of miles from Chinese coasts.
China is also building long-range air- and ground-launched cruise missiles, he said.
“In the sense that China is developing a large number of new precision guided weapons, whereas 10 years ago they had very few, there has been an acceleration in modernization,” Fuell said.
“New precision guided munitions and conventional missiles continue to emerge and will continue for the foreseeable future as Chinese investment in these technologies remains high.”
Land-attack cruise missiles (LACM) will be combined with ballistic missile strikes in combat, Fuell said. The weapons combine the capability of hitting targets at long distance with high accuracy, he said.
“These weapons are likely to reduce the burden on ballistic missile forces, as well as creating somewhat safer strike opportunities for Chinese aircrew, allowing them to engage from much longer distances and/or from advantageous locations of their own choosing,” Fuell said. “This in turn will complicate their adversaries’ air and missile defense problem.”
By combining attacks with both cruise and ballistic missiles, the Chinese will be able to hit a range of targets while making it more difficult for missile defenses, he said.
On China’s naval forces, Jesse L. Karotkin, senior intelligence officer for China with the Office of Naval Intelligence, said China’s navy is expanding from a coastal force to a modern, high-tech force, with an aircraft carrier, large numbers of submarines, and advanced warships.
The new Chinese navy is preparing for a conflict with Taiwan and the enforcement of its broad maritime claims.
The PLA Navy “currently possesses approximately 77 principal surface combatants, more than 60 submarines, 55 medium and large amphibious ships, and roughly 85 missile-equipped small combatants,” Karotkin said.
Last year over 50 naval ships were laid down, launched, or commissioned and a similar number is expected for this year.
“Major qualitative improvements are occurring within naval aviation and the submarine force, which are increasingly capable of striking targets hundreds of miles from the Chinese mainland,” he said.
In particular, anti-ship cruise missiles and China’s DF-21D anti-ship ballistic missile “will allow China to significantly expand its ‘counter-intervention’ capability further into the Philippine Sea and South China Sea over the next decade,” he said.
“Many of these capabilities are designed specifically to deter or prevent U.S. military intervention in the region.”
China is also building up its naval aviation forces and has deployed armed drones, he said.
China’s aircraft carrier, the Liaoning, is still being developed and has limited capabilities, Karotkin said.
“The Liaoning is suited for fleet air defense missions, rather than U.S.-style, long range power projection,” he said.
China’s most modern submarine is the Yuan class attack submarine. Eight of the submarines, which are equipped with an advanced and quiet air-independent power propulsion, are currently deployed and up to 12 more are being built.
Its nuclear submarines include three JIN-class missile submarines that will begin operational deployments this year. They are armed with JL-2 submarine-launched missiles.
“With a range in excess of 4,000 nautical miles (4,600 miles), the JL-2 submarine launched ballistic missile, will enable the JIN to strike Hawaii, Alaska, and possibly western portions of [the continental United States] from East Asian waters,” he said, noting that a total of five submarines are planned.
Chinese military drones (UAV) include several strike and intelligence aircraft.
“For well over a decade, China has actively pursued UAV technology and they are emerging among the worldwide leaders in UAV development,” Karotkin said. “China’s latest achievement was the unveiling of their first prototype unmanned combat aerial vehicle, the Lijan, which features a blended-wing design as well as low observable technologies.”
Karotkin warned that China intends to settle its several maritime disputes through diplomatic means but is preparing to use force in the future.
“In the event of a crisis, the PLA [Navy] has a variety of options to defend its claimed territorial sovereignty and maritime interests,” he said. “The PLA [Navy] could lead an amphibious campaign to seize key disputed island features, or conduct blockade or [sea lanes of communication] interdiction campaigns to secure strategic operating areas.”
Rick Fisher, a China military affairs specialist, said the testimony by the two intelligence officials was significant.
“It seems that the Obama administration is turning a corner on its willingness to disclose China’s military buildup,” Fisher said.
“Following on Undersecretary of Defense Frank Kendall’s stark warning on Monday that China could overtake U.S. military technology in five years, both the Office of Naval Intelligence and the Air Force’s National Air and Space Intelligence Center have provided their most detailed assessments of China’s rapidly improving naval and air power,” he said.
“It is this level of detail that should also be reflected in the Pentagon’s annual report to the Congress on PLA modernization.”

Theft Is Deflationary - Especially The Crony-Capitalist/State Kind


Theft Is Deflationary - Especially The Crony-Capitalist/State Kind
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Submitted by Charles Hugh-Smith of OfTwoMinds blog,
Monopoly power in all its forms--in our system, crony capitalism and its partner, the neofeudal state--enables theft on a systemic scale.
If a monopoly forces its customers to pay more for low-quality goods and services because they have no choice, how is that not theft?
If the Mafia raises the price of "protection" on small businesses (another case of monopoly and no other choice), how is that extortion not theft?
When a local government raises junk fees to fund its cronies' excessive (i.e. non-market-rate) salaries and pensions, how is that monopoly power to extort more money from those with no other choice any different from Mafia extortion/theft?
If a pharmaceutical company extends a patent on a costly medication by changing the dosage slightly, how is that not theft via regulatory capture? If a government contractor charges the Pentagon $1,000 for a hammer (all those overhead charges, tsk-tsk--lobbying corrupt politicos costs a lot, you know), how is that not theft of taxpayers' money?
When the Federal Reserve drops the yield on savings to near-zero to funnel all that stolen wealth to its cronies on Wall Street, how is that not theft?
Monopoly power in all its forms--in our system, crony capitalism and its partner, the neofeudal state--enables theft on a systemic scale. When crony capitalism and the state are essentially one system, the propaganda organs of the state and mainstream corporate media combine to persuade the stripmined populace that their theft is not theft, it's "capitalism and democracy at work." This is known as The Big Lie. What we have is systemic theft, predation and exploitation.
Calling things what they really are would upset the apple cart of systemic exploitation. Let's Call Things What They Really Are in 2014 (January 15, 2014)
Correspondent Jeff W. explains that all this systemic theft is inherently deflationary:
ll forms of stealing are deflationary. Stealing cuts into the average citizen’s disposable income, it reduces how much he can buy. Because there are now fewer dollars chasing more goods, deflation is the inevitable result. Stealing is actually worse than a zero-sum game. Society loses more than the thief takes. In addition to losses from theft, a victim often has to spend more on security measures. Theft also has a chilling effect on capital investment and commerce in general.
Consider how many different kinds of theft the American citizen is exposed to: street crime, sickcare industry ripoffs, legal system ripoffs including huge fines for traffic violations, high taxes, interest earnings on his savings that amount to ZIRP, a corporatist state determined to suppress his wages by any means necessary, unending victimization at the hands of predators enabled and protected by the state. If he owns a small business, he has to deal with a corrupt regulatory state, higher taxes, and an enlarged menagerie of predators. Today there are thieves everywhere.

So one big deflation trend is theft. As theft increases, deflation increases. As society collapses and thieves start roaming freely all over the landscape, a deflationary collapse can be expected—absent a determined and persistent campaign of money printing.

Exhibit A for the case that stealing is deflationary is the Dark Ages.Stealing was rampant in the Dark Ages. How did people react to that? By “going medieval.” They wore clothing that made them look poor so as to avoid attracting the attention of thieves. Their dwellings looked poor for the same reason. If they had cash, they would bury it in the ground; no one could be trusted. Unless one was an insider who could get protection from the state, no one’s property was safe.

Capital investments were much too risky, and out of the question. What were the price characteristics of the Dark Ages? Wages were low. Real estate valuations low. Prices of manufactured items (such as they were) were low. Only food was expensive. People can cut back on clothing and shelter, but there is a limit to how much they can cut back on food. In the Dark Ages, people really hunkered down and just focused on basic survival.

Exhibit B is Detroit. Detroit for many years has been a high crime area, i.e. it had lots of thieves running around. What are the price characteristics of Detroit? Wages low. Real estate valuations low. There is very little manufacturing being done inside the city limits today because of high property taxes and crime. There is also very little capital investment for the same reasons.

There is a vicious circle at work here.

1) Thieves control the government;
2) Which results in increased stealing;
3) Deflation results from that;
4) Which gives the thieves a reason to print money and give it to themselves;
5) Which enriches the thieves some more;
6) Which gives them more resources they can use to consolidate their control of the government;
7) Back to step 1.

Many people seem confused about how there could be deflation in the paper (or digital) money era. If they would recognize how much stealing is going on, and if they understood the powerful deflationary effect of stealing, then perhaps they would not be so surprised to observe price decreases, particularly in wages and the prices of manufactured products.
Thank you, Jeff, for explaining the causal connection between systemic theft and deflation. To all those terrified of deflation (for example, central bankers and their cronies holding trillions of dollars in phantom assets and illusory collateral), the solution is obvious: get rid of systemic theft. But since those terrified of deflation are at the top of the monopoly-power thievery pyramid, that is asking the impossible: for the thieves to relinquish their power to steal.

Third Banker, Former Fed Member, "Found Dead" Inside A Week


Third Banker, Former Fed Member, "Found Dead" Inside A Week
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If the stock market were already crashing then it would be simple to blame the dismally sad rash of dead bankers in the last week on that - certainly that was reflected in 1929. However, for the third time in the last week, a senior financial executive has died in what appears to be a suicide. As Bloombergf reports, following the deaths of a JPMorgan senior manager (Tuesday) and a Deutsche Bank executive (Sunday), Russell Investments' Chief Economist (and former Fed economist) Mike Dueker was found dead at the side of a highway in Washington State. Police said the death appeared to be a suicide.
Mike Dueker, the chief economist at Russell Investments, was found dead at the side of a highway that leads to the Tacoma Narrows Bridge in Washington state, according to the Pierce County Sheriff’s Department. He was 50.

He may have jumped over a 4-foot (1.2-meter) fence before falling down a 40- to 50-foot embankment, Pierce County Detective Ed Troyer said yesterday. He said the death appeared to be a suicide.

Dueker was reported missing on Jan. 29, and a group of friends had been searching for him along with law enforcement. Troyer said Dueker washaving problems at work, without elaborating.

Dueker was in good standing at Russell, said Jennifer Tice, a company spokeswoman. She declined to comment on Troyer’s statement about Dueker’s work issues.
But as Michael Snyder noted recently, if the stock market was already crashing, it would be easy to blame the suicides on that.  The world certainly remembers what happened during the crash of 1929...
Historically, bankers have been stereotyped as the most likely to commit suicide. This has a lot to do with the famous 1929 stock market crash, which resulted in 1,616 banks failing and more than 20,000 businesses going bankrupt.

The number of bankers committing suicide directly after the crash is thought to have been only around 20, with another 100 people connected to the financial industry dying at their own hand within the year.
Dueker had also been a research economist at the St. Louis Fed:
He published dozens of research papers over the past two decades, many on monetary policy, according to the St. Louis Fed’s website, which ranks him among the top 5 percent of economists by number of works published. His most-cited work was a 1997 paper titled “Strengthening the case for the yield curve as a predictor of U.S. recessions,” published by the reserve bank while he was a researcher there.
So, with stocks a mere 4% off their highs, are so many high ranking and well respected bankers committing suicide?

Thursday, January 30, 2014

New Concern About Testosterone and Heart Risks


New Concern About Testosterone and Heart Risks

Stuart Bradford
A large new study found that prescription testosterone raised the risk of heart attacks in older men and in middle-aged men with a history of heart disease, prompting some experts on Wednesday to call for more extensive warning labels on the drugs.
The new study is one of several in recent years that have highlighted cardiac problems as a potential side effect of testosterone gels, patches, pellets and injections. The hormone is approved for low testosterone levels and is widely marketed for symptoms of “low T,” including fatigue, low libido and loss of energy. Sales in the last decade have soared.
By itself, the new study, which was not a randomized trial, the gold standard in medical research, “may not tell us very much,” said Dr. Michael Lauer, the director of cardiovascular sciences at the National Heart, Lung and Blood Institute, who was not involved in the study. “But when you put this together with the rest of the medical literature, this tells us that we potentially have a problem.”
The drugs carry no mention of an increased risk on their labels or in their advertising materials, said Dr. Sidney M. Wolfe, a senior adviser to the Washington advocacy group Public Citizen. “Given that there have been several studies now, I don’t see how the Food and Drug Administration can justify having no warnings of heart attacks at all,” he said.
In a statement, Andrea Fischer, an F.D.A. spokeswoman, said the agency was reviewing the new findings. “We will communicate any new safety information on testosterone products when our reviews of all new information have been completed,” she said.
The new study, published on Wednesday in the journal PLoS ONE and funded by the National Institutes of Health, tracked about 56,000 older and middle-aged men around the country who were prescribed testosterone between 2008 and 2010. The study looked specifically at their rate of heart attacks in the year before receiving their new prescriptions, and in the three months after.
Men 65 and older had double the rate of heart attacks in the months after starting the drug, as did those younger than 65 with a previous diagnosis of heart disease. There was no evidence of greater risk in the younger men without a history of heart problems.
One question surrounding testosterone is whether any potential increase in cardiac risk is caused directly by the drug, or by its impact on behavior. Testosterone boosts libido, for example, which may spur older men to engage in strenuous sexual activity.
The new study sought to address this question by comparing the men using testosterone to a separate group of 170,000 older and middle-aged men who filled prescriptions for Viagra and Cialis. Those men did not experience more heart attacks. The new research was led by a team at the National Cancer Institute, the University of California, Los Angeles, and Consolidated Research, an independent research firm specializing in epidemiology.
In November, a study in The Journal of the American Medical Associationfound that older men, many with a history of heart disease, had a nearly 30 percent increase in mortality, heart attacks and stroke after using testosterone. And in 2009, a federally financed, randomized study that was intended to test whether testosterone gel could help elderly men build muscle and strength was halted early because of heart attacks and other cardiac problems in men using the drug.
Testosterone increases the production of red blood cells, which can clump together or coagulate, essentially making blood thicker, said Mary Schooling, a professor of public health at Hunter College who published a large study linking testosterone use to cardiovascular events last year. That may be especially hazardous in men who have narrowed arteries because of aging and disease. “There is a potential for harm, and people should know about this,” she said.
Although testosterone levels naturally decline with age, testosterone therapy is approved for use only in men with hypogonadism, an underlying endocrine disorder that typically results in a severe testosterone deficiency. Making that diagnosis requires doing a blood test. But studies show that nearly a quarter of men prescribed the drug do not have their levels tested.
Dr. Peter J. Snyder of the University of Pennsylvania School of Medicine, who is leading a $50 million series of trials looking at testosterone treatment in men 65 and older with documented low levels, cautioned against drawing conclusions based on the new study.
“We don’t know if these findings apply to men who have low testosterone and meet the criteria for a prescription, or if it applies only to men who have normal levels and then take testosterone in addition,” he said.
Dr. Snyder said he and his colleagues found it plausible that testosterone might actually protect against heart disease, in part by reducing body fat and improving blood sugar metabolism.
But, he added, the sharp rise in such prescriptions in the last decade was evidence that many men without testosterone deficiencies were receiving them. “In those cases, there is no medical reason for it,” he said, “and that runs counter to all guidelines for physicians.”