The $400 Billion Military Jet That Can't Fly in Cloudy Weather
100th F-35 Being Built, None Yet Operational
In January, the Lockheed Martin production facility in Fort Worth, Texas, reported it was well along "in the final phase of building the wings" of the 100th F-35 constructed by the Bethesda, Maryland, company. Of the first 99 F-35s, none are yet operational.
The F-35 isn't even close to fully operational - it can fly only on sunny days. It can't fly at night. And it can't fly in clouds or near lightning. We know this because the Pentagon tells us so, in a report written for the Secretary of Defense by the Director of Operational Test and Evaluation, J. Michael Gilmore.
Scroll down for huge video collection.
Evening links.
Reuters Employee Says He Was Fired For Talking To FBI About Insider Leaks At Reuters
Twenty-year hiatus in rising temperatures has climate scientists puzzled
TaxProf Blog: The IRS Had No Authority to Waive Rules for GM, AIG, And Citigroup
White House Claims 70% Principal Reductions In Latest HAMP Report | HousingWire
Chinese Billionaire Held In Triple Murder Case
Giving Parking Tickets to Drug Companies - The Economics of Pharmaceutical Safety
How TurboTax Fought Free, Simple Tax Filing - ProPublica
A Bipartisan Effort To Break Up The Big Banks Could Have Success - Bloomberg
Bill Gross Says He, Buffett And Soros Got Lucky
Former Goldman Sachs trader faces 20 years in jail while firm pays a fine
Steven Cohen’s Ex-Wife Has Her Suit Against Him Reinstated - Bloomberg
The ex-wife of SAC Capital Advisors LP founder Steven A. Cohen won reinstatement of most of a lawsuit in which she seeks $8.25 million in damages based on claims the hedge fund is “the product of an ongoing racketeering scheme” that engaged in insider trading.
Philly Fed Chart: Dark green is the strongest growth
Only three states contracting, latest Philly Fed data show
Cyberattacks Abound Yet Companies Tell SEC Losses Are Few - Bloomberg
Bundesbank Report: The greatest risk takers among bankers are women
Draghi says there's no way out of the euro
Portugal puts euro breakup trade back on table
Spain's Princess Christina officially named as suspect in corruption case
France's former budget minister admits lying about secret offshore account
Enron CEO Skilling Could Be Released From Prison Early – Consumerist
Obama budget to target wealthy IRAs
Virginia Governor Scandal - Feds Look Closer at Cash Source in McAuliffe Scam
Americans Seize 2nd Chance Mortgages After Foreclosure - Bloomberg
Mining Your iPhone for Gold & Silver- The Infographic | SilverDoctors.com
Trojan virus takes over computers and forces them to mine for Bitcoins
---
Bonus video related to the F-35 pentagon story.
Scene from the movie Pentagon Wars.
Bradley Fighting Vehicle Evolution
---
Europe is a mess. Thatcher was right about the Euro.
Niall Ferguson on Bloomberg yesterday.
---
$4M Is the Median Price of a NYC Luxury Apartment
---
SeaWorld Files to Raise $540M in IPO
---
Gold and Silver Jump on Stimulus Speculation
---
Why Is Google Wiring Austin with High-Speed Fiber?
April 9 (Bloomberg) -- Google will plan to offer high-speed Internet access in Austin, Texas, extending the reach of its network that is more than 100 times faster than some broadband services.
---
The first cell phone. The most hyped phone of all time.
---
Fed President Janet Yellen on QE Moderation
Start watching at 30 seconds.