Former Berkshire Hathaway CEO Warren Buffett has long been an advocate for Social Security. While some have called it a Ponzi scheme, at a 2005 Berkshire Hathaway meeting, Buffett criticized the idea of cutting benefits, saying: "I think that the obligation for the people who do well in this society is to provide a reasonable level of sustenance for those beyond their productive years." Buffett is...
Former Berkshire Hathaway CEO Warren Buffett has long been an advocate for Social Security. While some have called it a Ponzi scheme, at a 2005 Berkshire Hathaway meeting, Buffett criticized the idea of cutting benefits, saying: "I think that the obligation for the people who do well in this society is to provide a reasonable level of sustenance for those beyond their productive years." Buffett is also a supporter of investing, even in index funds for those who don't want to follow in his path of picking individual stocks. Investing can help plump up your retirement nest egg and give you more flexibility than if you rely solely on your Social Security checks. Image source: Getty Images. Continue reading
U.S. Deploys Ukrainian Acoustic Sensors, Interceptor Drones At Prince Sultan Air Base Last month's Iranian drone strike on Prince Sultan Air Base in Saudi Arabia appears to have inflicted a costly toll on U.S. forces in the region. The attack destroyed a U.S. Air Force E-3 Sentry Airborne Warning and Control System aircraft and damaged multiple KC-135 refueling tankers, highlighting a major gap in...
U.S. Deploys Ukrainian Acoustic Sensors, Interceptor Drones At Prince Sultan Air Base Last month's Iranian drone strike on Prince Sultan Air Base in Saudi Arabia appears to have inflicted a costly toll on U.S. forces in the region. The attack destroyed a U.S. Air Force E-3 Sentry Airborne Warning and Control System aircraft and damaged multiple KC-135 refueling tankers, highlighting a major gap in U.S. air defenses against cheap attack drones. Nearly a month after the drone strike on Prince Sultan Air Base, and following multiple reports that Ukrainian drone forces had been shifted into the region, Reuters confirmed Wednesday morning that the U.S. has deployed Ukrainian counter-drone technology to defend against Iranian-developed Shahed drones. At the center of this new security effort to fortify the airspace above Prince Sultan Air Base against low-cost Iranian one-way attack drones is Sky Map, a Ukrainian command-and-control platform used to detect incoming drones. The coordinated response to Shaheds is the use of interceptor drones. " There have been longstanding gaps in U.S. air and missile defense coverage around the world, " said Timothy Walton, a senior fellow at the Washington-based Hudson Institute think tank. "This has been well understood. However, it hasn't been addressed." Ukrainian drone experts reportedly traveled to the base in recent weeks to train U.S. personnel on Sky Map and the use of interceptor drones. Sky Fortress , the Ukrainian company behind Sky Map, has been active extensively in the Eastern European theater, with more than 10,000 acoustic sensors deployed to detect Russian drone attacks. The bigger story here is that Ukraine is emerging as a major dealer of the latest low-cost weapon technology forged through four years of war with Russia: Zelensky Goes Full "Lord Of War" As Ukraine Pitches Battle-Tested War Robots To Highest Bidder Zelensky's Interceptor Drones Deployed Across Eurasia, Now Shooting Down Iranian Shaheds Ukraine Becomes W...
Xanadu Quantum Technologies Ltd. (NASDAQ:XNDU) is one of the 10 Stocks Besting Wall Street With Easy Double-Digit Gains. Xanadu Quantum recouped three days of losses on Wednesday, climbing 51.75 percent to close at $34.75 apiece, as investors loaded portfolios in quantum computing companies after the sector earned the backing of Nvidia Corp. Nearly a month […]
Xanadu Quantum Technologies Ltd. (NASDAQ:XNDU) is one of the 10 Stocks Besting Wall Street With Easy Double-Digit Gains. Xanadu Quantum recouped three days of losses on Wednesday, climbing 51.75 percent to close at $34.75 apiece, as investors loaded portfolios in quantum computing companies after the sector earned the backing of Nvidia Corp. Nearly a month […]
Tesla anticipates billions of dollars in additional spending this year to support Elon Musk’s ambitions to transform the electric-vehicle pioneer into an AI and robotics company. Ed Ludlow reports. (Source: Bloomberg)
Tesla anticipates billions of dollars in additional spending this year to support Elon Musk’s ambitions to transform the electric-vehicle pioneer into an AI and robotics company. Ed Ludlow reports. (Source: Bloomberg)