Liberty Ross isn't sitting at home moping because husband Rupert Sanders cheated on her with Kristen Stewart. The model-turned-actress is moving on with her life. On Wednesday, the...
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Liberty Ross Runs Errands in L.A., Still Not Wearing Wedding Ring
TAMPA—Republican vice presidential candidate Paul Ryan may not be a libertarian, but he is one of the few high-profile members of Congress who spend a lot of time hanging out with them. For years, Ryan has taken deliberate steps to nurture relationships with the libertarian intelligentsia in Washington, D.C., making himself available to the movement's [...]
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The Cook Islands, a self-governing parliamentary democracy in the South Pacific Ocean, formally announced the creation of the world's largest marine park Tuesday at the opening of the 43rdPacific Islands Forum in the capital, Rarotonga.
Prime Minister Henry Puna said the more than 600,000 square mile reserve is the largest area in history by a single country for integrated ocean conservation and management and will cover a vast patch of the ocean nearly twice the size of France -- no small feat for a country whose combined landmass is barely larger than that of Washington, D.C.
"It is a major contribution to the well-being of humanity," Puna stated. "This is the Pacific challenge we face. Do we take this challenge on with a name and identity that makes us small and not linked with the ocean in our own eyes and the eyes of the world? Or do we stand together with renewed pride and commitment as the world's largest ocean-island states?"
The Pacific Islands Forum, founded in 1971, brings together 16 independent and self-governing states in the Pacific Ocean to work for a common cause. While they are often thought of as small island nations, their lands are mostly ocean, and their territories are some of the largest on earth, covering 8 percent of the planet.
These 16 members of the secretariat have been at the forefront of mitigating the effects of climate change, and the plan for the Cook Islands, to be legally established by 2013, is only the start. With the technical and scientific support of U.S.-based Conservation International, they have laid out an ambitious plan to protect some 25 million square miles of ocean, an area larger than the surface of the moon.
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"We believe, in fact, I know, that this is the largest multinational conservation initiative in history," Peter Seligmann, co-founder and CEO of Conservation International, said from his hotel room in Rarotonga. "This is the largest number of nations and the largest area geographically."
If you look at these island nations, he said, their waters are all connected, so what one does affects the other.
"What we are seeing is a rallying call, first with Kiribati, now the Cook Islands and New Caledonia, which will announce a 870,000 square mile marine protected area."
On Wednesday, New Caledonia, the Cook Island's Pacific neighbor and a former French territory, also announced that it would create a new marine park to protect an area roughly half the size of India.
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Cook Islands, New Caledonia Unveil World’s Largest Marine Parks - And It’s Just The Beginning
Secretary of State Hillary Clinton headed Thursday to the remote Cook Islands on a rare trip to show renewed US interest in the South Pacific, where China has demonstrated its growing clout.
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Earlier this year, I spent some time dissecting Benjamin Graham's The Intelligent Investor, the seminal book on value investing. Along the way, I talked about the Graham number as a means of valuation when it comes to stocks. The formula is pretty straightforward: Multiply earnings per share by book value per share, then multiply that by 22.5, and finally take the square root. The result, in dollars, is the Graham number.
However, a quick check can help determine whether or not a company might be worthy of a look using the teachings of Graham. He said that in an ideal situation, the P/E ratio and P/B ratio multiplied together should not exceed 22.5, with a maximum P/E ratio of 15 and P/B of 1.5. With that in mind, I looked at the stocks of the S&P 500 that exceeded a P/B of 1.5 but still met the ideal situation mentioned above. Currently, there are 68 companies in the index that meet these criteria. I will be making a CAPScall on these companies after comparing them to competitors and their current value in relation to their Graham numbers. Up next is health care provider Aetna (NYSE: AET) .
Who are they?Though much smaller than sector leader UnitedHealth Group, Aetna is still the third-largest health insurer in the United States, insuring over 18 million people at the end of its last quarter. In an effort to swell its membership further, Aetna agreed to acquire Coventry Health Care (NYSE: CVH) for $7.3 billion dollars. Not only will the acquisition boost Aetna's customer base by more than 5 million members, it will further expand its presence in Medicare and Medicaid and push its government business to over 30 percent of total revenue.
What's it worth? All the insurers below are currently trading well below their Graham number valuation, with WellPoint (NYSE: WLP) leading the way, currently trading for a 33% discount relative its Graham number:
Company
EPS (ttm)
Book Value per Share (mrq)
Graham Number
Recent Price
Upside
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INDIANAPOLIS, Aug. 30, 2012 /PRNewswire/ -- Imagine needing health care but being unable to understand the information you're given by a doctor. For 90 million people in the U.S., it's a reality with a long-lasting impact on health and finances.
Health literacy defined as the ability to read, understand and act on health information is vital to achieving the best possible health care results for each individual patient. It is being able to read an appointment card, follow a health care provider's instructions, use medical equipment or understand medication information.
According to the National Assessment of Adult Literacy survey, two in five American adults have difficulty processing health information and services needed to make appropriate health decisions.
Health literacy varies by context and setting and is not necessarily related to education level or reading ability. It highlights the struggle of understanding and acting on health information. The American Medical Association reports that the most commonly affected patients low income, elderly, people with limited education, ethnic minorities, recent immigrants and individuals for whom English is a second language have more medication errors, excess hospitalizations and a generally higher level of illness.
Those with poor health literacy also are more likely to have a chronic disease and less likely to get the health care they need, according to the National Adult Literacy Survey. The study showed that 75 percent of Americans who reported having a long-term illness had limited health literacy and knew less about their conditions or how to handle symptoms. The need for awareness and adherence to health literacy principles has become a public health concern, estimated to cost the U.S. economy in the range of$106 billionto$238 billionannually.
"The widespread but often unrecognized public health challenge of health literacy serves as both a warning and a call to action," said Jack Harris, M.D., vice president of Eli Lilly and Company's (LLY) U.S. medical division. "Overcoming health disparities is a transformational and important journey. At Lilly we are working to develop communication and health education that connects with patients in a way that's meaningful and understandable."
Lilly has partnered with nationally recognized health literacy experts to implement new standards to ensure the company's patient communications and resources adhere to health literacy principles. Lilly's health education efforts recently received national recognition from the Institute for Healthcare Advancement (IHA), which awarded Lilly the Published Materials Award for outstanding achievements in health literacy for two bi-lingual educational pieces. The educational materials Eating to Feel Your Best and Being Active to Feel Your Best and their Spanish counterparts, Comer para sentirse lo mejor posible and Estar activo para sentirse lo mejor possible, address the importance of making healthy food choices at every meal and staying active. Using colorful pictures, clear and concise information, simple illustrations, quick tips and space for personalized notes, readers are inspired, directed and motivated to take action to feel their best. Both pieces are available in English and Spanish on the Lilly for Better Health website http://www.lillyforbetterhealth.com.
"We were delighted to present Lilly USA with our 2012 IHA Health Literacy Award in the Published Materials category for their 'Feel Your Best' patient education brochure series," said Gloria Mayer, RN, Ed.D, FAAN, president and CEO of the IHA. "These materials follow all the tenets of design for a low literate audience, and provide users with an easy-to-use resource to get and keep healthy."
About the Institute for Healthcare Advancement IHA is dedicated to empowering people to better health. It is nationally recognized for its efforts in health literacy and provides health care information through its various publishing efforts, the Internet, and its renowned local and national education programs.
About Eli Lilly and Company Lilly, a leading innovation-driven corporation, is developing a growing portfolio of pharmaceutical products by applying the latest research from its own worldwide laboratories and from collaborations with eminent scientific organizations. Headquartered in Indianapolis, Ind., Lilly provides answers through medicines and information for some of the world's most urgent medical needs. Additional information about Lilly is available at http://www.lilly.com.
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Freedom of the press is restricted in Ukraine. But the World Newspaper Conference begins there next weekend. Can Ukrainian media gain more rights through the event?
From Michael Golden, vice chairman of the New York Times Company, to Rainer Esser, managing director of German newspaper "Die Zeit," the list of speakers at this year's World Newspaper Congress and World Editor's Forum in Kiev, Ukraine is a who's who of global media players. But one name on the list, Ukrainian President Viktor Yanukovych, has come under growing criticism for his government's restrictions on the media.
Growing pressure on journalists
Since taking office, Yanukovych has stated on a number of occasions that press freedom is something he cares for and protects. But the reality looks somewhat different. In 2010, Yanukovych declared Kiev's media union itself "the number one enemy of the press." ON these grounds, the president's bodyguards repeatedly hindered journalists' work. Further, television reports critcial of the president were prevented from being aired.
Ukrainian journalists protest in Kiev in June 2010
International rights organization Reporters Without Borders (RWB) has reported a dramatic decrease in press freedom in Ukraine. RWB's executive director Christian Mihr said pressure on journalists has been mounting in the lead up to October general elections in the country. In RWB's latest press freedom ranking, Ukraine came in at spot 116 out of 179 countries. That was much better than their 2010 spot, but significantly worse than 2009. Under former President Viktor Yushchenko, Ukraine was in spot 89 on the list.
Impetus to boycott Kiev
Against this backdrop, the question arises whether the World Newspaper Congress should even be hosted in a country like Ukraine. Wouldn't it make more sense to boycott the event? In spring 2012, a boycott by leaders including German President Joachim Gauck forced Ukrainian leaders to cancel a summit of central European countries in Yalta. The Euro 2012 soccer tournament in Ukraine in June also saw top European politicians refusing to attend in protest of Ukraine's dismantling of democracy.
Several days before the World Newspaper Congress, the general director of Ukrainian broadcaster TVi discussed a possible boycott. Mykola Knyaschyzki said holding the event in Ukraine gave the false appearance that the country has a free press.
"The Ukrainian regime is somewhat legitimized by participating in the form," he told DW.
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TAMPA--An older gentleman in a sparkling cowboy suit and matching hat made out of sequins gazed at a pair of buff male go-go dancers wearing tight jeans and skimpy tank tops that read "Freedom Is Fabulous." That was the scene at a local gay bar called "The Honeypot" on Tuesday night. More than 800 Republican [...]
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'Freedom is Fabulous’: Two Republican gay groups make waves in Tampa
Harvard scientists created 'cyborg' skin from neurons, heart cells, and nano-electronic wiring Wiring allows scientists to detect and respond to pH changes on the tissue's surface, the same as human skin
By Daily Mail Reporter
PUBLISHED: 23:43 EST, 29 August 2012 | UPDATED: 11:31 EST, 30 August 2012
It like its something out of a science-fiction movie genius scientists engineer a synthetic skin thats part living, part electronics.
But scientists at Harvard University have done just that, creating meshes of electronic and biological tissue.
The end result is cyborg tissue, which is created from electrodes and wires combined on a Nano-scale.
Engineering humanity: Scientists at Harvard have found a way to create cyborg skin, using nano-wires to mesh and human cells
High tech: Here, cardiac cells are pictured with a nano-electroic electrode highlighted
The results, published in Nature Materials, detail how scientists in the lab embedded electrical nanowires into the lab-grown flesh.
Dr Charles Lieber, who is a chemistry professor at Harvard and the leader of the research team, told the Harvard Gazette: With this technology, for the first time, we can work at the same scale as the unit of biological system without interrupting it.
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Tropical Storm Isaac spared Martin County's beaches from significant erosion, a county official said Wednesday.
"Lifeguards all felt that Jensen and Stuart beaches were generally unchanged," said Martin County Coastal Engineer Kathy Fitzpatrick. "Bathtub (Beach) looked much the same as before the storm, as well."
The high winds and big waves during the storm caused no serious impacts to any of the county's beaches, Fitzpatrick said. The north-south wind directions may have been a factor in keeping the sand on the beaches.
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By Sarah N. Mattero, Globe Correspondent
Chathams ocean-facing beaches have been closed to swimming until further notice after multiple reports of increased great white shark activity in the area, the towns Department of Parks and Recreation says.
Several fishermen have reported white sharks in their nets offshore. The Division of Marine Fisheries has also spotted numerous white sharks close to shore in the vicinity of swimmers, Dan Tobin, director of parks and recreation, said in a statement.
Beaches will be closed from the Orleans line along Nauset Beach to Monomoy, Tobin said. All other public beaches remain open to swimming, including Hardings Beach, Ridgevale Beach, Cockle Cove Beach, Forest Street Beach, and Pleasant Street Beach.
Tobin warns that beachgoers should be aware of their surroundings and not swim within 300 feet of seals.
Shark sightings should be reported to the Chatham harbormaster at 508-945-5185, officials said.
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Chatham beaches are closed to swimming due to shark concerns
With temperatures expected to top 90 on Friday, three beaches in Scituate, two in Plymouth and one each in Quincy and Hull have been closed because of unhealthy bacteria levels.
In Plymouth, the north end of White Horse Beach tested at 35 times the maximum considered safe for swimming and the middle section of Plymouth Beach was 31 times over.
In Scituate, Peggotty Beach was five times the limit and Lighthouse Beach was three times over. Egypt Beach in Scituate was under the limit, but is closed because contamination was high in three previous tests.
The bacteria counts were three times the limit at the Sachem Street section of Wollaston Beach in Quincy was three times the maximum and 65 percent over the limit at the bay side of the A Street Beach in Hull.
New water samples have been taken and the results are expected on Friday.
The other 53 beaches on the South Shore that are tested weekly are open.
Testing ends this week in Quincy.
See water quality test results for each community and for Cape Cod, the South Coast and North Shore.
For more on Quincy beaches, call 617-376-1288, or visit tinyurl.com/ledger-quincy-beaches. For more on Wollaston Beach, call 617-626-4972.
Seventy-five salt water beaches on the South Shore are tested for enterococci, intestinal bacteria found in humans and animals. High levels of enterococci indicate the waters may also contain other disease-causing microbes that are present in sewage but are more difficult to detect. Bacterial colonies are filtered from three ounces of water and placed on a gel infused with nutrients and chemicals designed to promote growth. Left in an incubator, the single cells isolated on the filter grow explosively, forming colonies visible to the naked eye.After one day, the colonies are counted and if they exceed 104 colonies, the beach is closed to swimming.
Originally posted here:
The growth of the Aerospace and Defense industry depends largely on the spending outlook of government departments, with the U.S. defense budget being the primary driver. The U.S. is the world's largest aerospace and defense market, and also home to the world's largest military budget. The industry largely depends on U.S. government contracts.
Defense spending is the major source of revenue for the top nine global aerospace and defense companies, with the US accounting for more than 40% of total global defense spending. Given the uncertain macroeconomic environment, not just in the U.S. but also globally, the industry faces the risk of fewer new orders as customers are more likely to postpone or cancel contractual orders and/or payments.
With the U.S. government expected to institute greater austerity in its defense budget going forward, defense companies will need to source more orders from global clients. The geo-strategic significance of the industry and the related heavy export restrictions will come in the way, to some extent, of those marketing efforts by U.S.-based operators.
The U.S. defense budget for 2012 was $645.7 billion, with the base budget at $530.6 billion and $115.1 billion approved for Overseas Contingency Operations ("OCO") as supplementary defense spending, mainly to fund ongoing wars. In February this year, the Department of Defense ("DoD") requested a Pentagon base budget of $525.4 billion for 2013, which is approximately $5.1 billion or 1% less than what is approved for fiscal 2012, with $88.5 billion earmarked for OCO spending.
In early August 2012, the subcommittee recommended $511 billion for DoD's base budget and $93 billion for OCO spending, for a total of $604.5 billion for fiscal 2013.
The general trend is approving an amount less than requested. However, here the government has outstripped OCO spending more than requested. In this case, the money has been transferred from one bill to the other in order to keep the base budget within the budget law's spending limits.
Since the September 2001 WTC and Pentagon attacks, the U.S. government has spent significant amounts on military campaigns overseas. The country has already decided to gradually move out of Afghanistan, and the war in Iraq has finally ended, which is expected to lower its expenditure on foreign campaigns.
However, its clandestine military operations in other nations as part of anti-terrorism operations will continue to add to foreign war expenses. The overall trend in overseas military spending is unmistakably on the downtrend.
OPPORTUNITIES
Acquisition, Merger, Spin-offs and Strategic Alliance
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Aerospace & Defense Stock Overview - Aug. 2012 - Zacks Analyst Interviews
The growth of the Aerospace and Defense industry depends largely on the spending outlook of government departments, with the U.S. defense budget being the primary driver. The U.S. is the world's largest aerospace and defense market, and also home to the world's largest military budget. The industry largely depends on U.S. government contracts.
Defense spending is the major source of revenue for the top nine global aerospace and defense companies, with the US accounting for more than 40% of total global defense spending. Given the uncertain macroeconomic environment, not just in the U.S. but also globally, the industry faces the risk of fewer new orders as customers are more likely to postpone or cancel contractual orders and/or payments.
With the U.S. government expected to institute greater austerity in its defense budget going forward, defense companies will need to source more orders from global clients. The geo-strategic significance of the industry and the related heavy export restrictions will come in the way, to some extent, of those marketing efforts by U.S.-based operators.
The U.S. defense budget for 2012 was $645.7 billion, with the base budget at $530.6 billion and $115.1 billion approved for Overseas Contingency Operations ("OCO") as supplementary defense spending, mainly to fund ongoing wars. In February this year, the Department of Defense ("DoD") requested a Pentagon base budget of $525.4 billion for 2013, which is approximately $5.1 billion or 1% less than what is approved for fiscal 2012, with $88.5 billion earmarked for OCO spending.
In early August 2012, the subcommittee recommended $511 billion for DoD's base budget and $93 billion for OCO spending, for a total of $604.5 billion for fiscal 2013.
The general trend is approving an amount less than requested. However, here the government has outstripped OCO spending more than requested. In this case, the money has been transferred from one bill to the other in order to keep the base budget within the budget law's spending limits.
Since the September 2001 WTC and Pentagon attacks, the U.S. government has spent significant amounts on military campaigns overseas. The country has already decided to gradually move out of Afghanistan, and the war in Iraq has finally ended, which is expected to lower its expenditure on foreign campaigns.
However, its clandestine military operations in other nations as part of anti-terrorism operations will continue to add to foreign war expenses. The overall trend in overseas military spending is unmistakably on the downtrend.
OPPORTUNITIES
Acquisition, Merger, Spin-offs and Strategic Alliance
More here:
Aerospace & Defense Stock Overview - Aug. 2012 - Industry Outlook
The growth of the Aerospace and Defense industry depends largely on the spending outlook of government departments, with the U.S. defense budget being the primary driver. The U.S. is the world's largest aerospace and defense market, and also home to the world's largest military budget. The industry largely depends on U.S. government contracts.
Defense spending is the major source of revenue for the top nine global aerospace and defense companies, with the US accounting for more than 40% of total global defense spending. Given the uncertain macroeconomic environment, not just in the U.S. but also globally, the industry faces the risk of fewer new orders as customers are more likely to postpone or cancel contractual orders and/or payments.
With the U.S. government expected to institute greater austerity in its defense budget going forward, defense companies will need to source more orders from global clients. The geo-strategic significance of the industry and the related heavy export restrictions will come in the way, to some extent, of those marketing efforts by U.S.-based operators.
The U.S. defense budget for 2012 was $645.7 billion, with the base budget at $530.6 billion and $115.1 billion approved for Overseas Contingency Operations ("OCO") as supplementary defense spending, mainly to fund ongoing wars. In February this year, the Department of Defense ("DoD") requested a Pentagon base budget of $525.4 billion for 2013, which is approximately $5.1 billion or 1% less than what is approved for fiscal 2012, with $88.5 billion earmarked for OCO spending.
In early August 2012, the subcommittee recommended $511 billion for DoD's base budget and $93 billion for OCO spending, for a total of $604.5 billion for fiscal 2013.
The general trend is approving an amount less than requested. However, here the government has outstripped OCO spending more than requested. In this case, the money has been transferred from one bill to the other in order to keep the base budget within the budget law's spending limits.
Since the September 2001 WTC and Pentagon attacks, the U.S. government has spent significant amounts on military campaigns overseas. The country has already decided to gradually move out of Afghanistan, and the war in Iraq has finally ended, which is expected to lower its expenditure on foreign campaigns.
However, its clandestine military operations in other nations as part of anti-terrorism operations will continue to add to foreign war expenses. The overall trend in overseas military spending is unmistakably on the downtrend.
OPPORTUNITIES
Acquisition, Merger, Spin-offs and Strategic Alliance
More here:
Aerospace and Defense Stock Outlook - August 2012 - Industry Outlook
SANTA CLARA, Calif.--(BUSINESS WIRE)--
e2v aerospace and defense, the leading provider of technology solutions to the US mil/aero marketplace, has announced the appointment of Robert Brevelle into the role of President. Robert will be joining e2v on 3rd September and will be based at the Milpitas, CA facility.
Robert has broad experience in leading diverse organizations in the aerospace and defense arena, and has specialized in providing Intelligence, Surveillance, and Reconnaissance (ISR) solutions.
Robert joins e2v from Advanced Reconnaissance Corporation, where he held the role of Vice President of Business Development and Marketing. He has previously been accountable for building business opportunities and strategic partnerships in the aerospace and defense industry, having held senior and executive level P&L positions at DRS Defense Solutions, Rockwell Collins, L-3 Communications and Raytheon.
Robert holds advanced degrees in computer science and engineering and a Masters of Business Administration in Operations Management.
As part of growth plans into the US mil/aero market, e2v aerospace and defense recently moved from Santa Clara to larger facilities in Milpitas, CA.
Robert brings to e2v his strong business development, project management and engineering background, aligned with his proven record of developing and implementing sound business strategies to generate growth. He will design and lead e2vs work towards developing strategic relationships and driving further growth in the US mil/aero market.
About e2v aerospace and defense
e2v aerospace and defense Inc, based in Santa Clara CA, is a leading provider of technology solutions to the US mil/aero marketplace for imaging, RF Power and hi-rel semiconductor requirements.
e2v aerospace and defense is part of the global e2v group, headquartered in the UK and employing approximately 1,650 people, with design and production facilities across Europe and North America. For the year ended 31 March 2012 e2v reported sales of over $370m and is listed on the London Stock Exchange. For more information, visit http://www.e2v.com/aero.
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e2v aerospace & defense appoints Robert Brevelle as President
The growth of the Aerospace and Defense industry depends largely on the spending outlook of government departments, with the U.S. defense budget being the primary driver. The U.S. is the worlds largest aerospace and defense market, and also home to the worlds largest military budget. The industry largely depends on U.S. government contracts.
Defense spending is the major source of revenue for the top nine global aerospace and defense companies, with the US accounting for more than 40% of total global defense spending. Given the uncertain macroeconomic environment, not just in the U.S. but also globally, the industry faces the risk of fewer new orders as customers are more likely to postpone or cancel contractual orders and/or payments.
With the U.S. government expected to institute greater austerity in its defense budget going forward, defense companies will need to source more orders from global clients. The geo-strategic significance of the industry and the related heavy export restrictions will come in the way, to some extent, of those marketing efforts by U.S.-based operators.
The U.S. defense budget for 2012 was $645.7 billion, with the base budget at $530.6 billion and $115.1 billion approved for Overseas Contingency Operations (OCO) as supplementary defense spending, mainly to fund ongoing wars. In February this year, the Department of Defense (DoD) requested a Pentagon base budget of $525.4 billion for 2013, which is approximately $5.1 billion or 1% less than what is approved for fiscal 2012, with $88.5 billion earmarked for OCO spending.
In early August 2012, the subcommittee recommended $511 billion for DoDs base budget and $93 billion for OCO spending, for a total of $604.5 billion for fiscal 2013.
The general trend is approving an amount less than requested. However, here the government has outstripped OCO spending more than requested. In this case, the money has been transferred from one bill to the other in order to keep the base budget within the budget laws spending limits.
Since the September 2001 WTC and Pentagon attacks, the U.S. government has spent significant amounts on military campaigns overseas. The country has already decided to gradually move out of Afghanistan, and the war in Iraq has finally ended, which is expected to lower its expenditure on foreign campaigns.
However, its clandestine military operations in other nations as part of anti-terrorism operations will continue to add to foreign war expenses. The overall trend in overseas military spending is unmistakably on the downtrend.
OPPORTUNITIES
Acquisition, Merger, Spin-offs and Strategic Alliance
Read more:
The growth of the Aerospace and Defense industry depends largely on the spending outlook of government departments, with the U.S. defense budget being the primary driver. The U.S. is the worlds largest aerospace and defense market, and also home to the worlds largest military budget. The industry largely depends on U.S. government contracts.
Defense spending is the major source of revenue for the top nine global aerospace and defense companies, with the US accounting for more than 40% of total global defense spending. Given the uncertain macroeconomic environment, not just in the U.S. but also globally, the industry faces the risk of fewer new orders as customers are more likely to postpone or cancel contractual orders and/or payments.
With the U.S. government expected to institute greater austerity in its defense budget going forward, defense companies will need to source more orders from global clients. The geo-strategic significance of the industry and the related heavy export restrictions will come in the way, to some extent, of those marketing efforts by U.S.-based operators.
The U.S. defense budget for 2012 was $645.7 billion, with the base budget at $530.6 billion and $115.1 billion approved for Overseas Contingency Operations (OCO) as supplementary defense spending, mainly to fund ongoing wars. In February this year, the Department of Defense (DoD) requested a Pentagon base budget of $525.4 billion for 2013, which is approximately $5.1 billion or 1% less than what is approved for fiscal 2012, with $88.5 billion earmarked for OCO spending.
In early August 2012, the subcommittee recommended $511 billion for DoDs base budget and $93 billion for OCO spending, for a total of $604.5 billion for fiscal 2013.
The general trend is approving an amount less than requested. However, here the government has outstripped OCO spending more than requested. In this case, the money has been transferred from one bill to the other in order to keep the base budget within the budget laws spending limits.
Since the September 2001 WTC and Pentagon attacks, the U.S. government has spent significant amounts on military campaigns overseas. The country has already decided to gradually move out of Afghanistan, and the war in Iraq has finally ended, which is expected to lower its expenditure on foreign campaigns.
However, its clandestine military operations in other nations as part of anti-terrorism operations will continue to add to foreign war expenses. The overall trend in overseas military spending is unmistakably on the downtrend.
OPPORTUNITIES
Acquisition, Merger, Spin-offs and Strategic Alliance
Visit link:
CHICO, CA--(Marketwire -08/30/12)- Star Nutrition, Inc. (STAU), a California-based diversified health and wellness industry firm, has brought on Norwegian snowboard champion Terje Haakonsen to create a new line of socks and braces for snowboarders and skiers, called The Shredder line. The popular Avalanche Incredisocks will be renamed "The Shredder" and become the first product in the line.
"Ask any snowboarder about Terje and their eyes light up," says Jackson Corley, CEO of Star Nutrition. "He is very well known around the world as a pioneer in the sport. He's developed products with other companies, including the T6 board, so he's no stranger to knowing what consumers need. We can't wait to combine our revolutionary technologies with his knowledge of the industry and the sport as a whole."
Haakonsen dominated the world of freestyle snowboarding in the 1990s. He won the ISF World Championships three times in a row in half-pipe and five more European Championships in the same event. He also won the U.S. Open half-pipe three times, as well as seven victories in the Mt. Baker Banked Slalom. Additionally, he's the creator of the aerial snowboard maneuver known as "The Haakon Flip."
"It wasn't long ago that I was introduced to Incrediwear products," says Haakonsen. "After trying them, I knew right away I wanted to work with Star Nutrition to develop a signature line of products specifically designed for snowboarders and skiers. I'm really excited about our initial concepts and I know everyone who tries them will see the benefits that I experienced."
Incrediwear products, including Incredibraces, Incredisocks, Increditec, and Incredisoles, couple proven benefits such as increased blood flow, reduced inflammation, accelerated recovery and aiding pain relief to injured body parts. Incrediwear products can also regulate temperature, wick away moister and are antimicrobial.
About Star Nutrition, Inc. California-based Star Nutrition is a publicly traded company (STAU) that prides itself on providing innovative, over-the-counter health care products. Its mission is to focus on producing products that will enhance the lives and wellness of its customers.
For more information visit Incrediwear.com or BuyIncrediwear.com.
Join the Incrediwear community at Facebook.com/Incrediwear and @Incrediwear.
Continued here:
Norwegian Snowboard Great Terje Haakonsen and Incrediwear to Create Full Line of Socks and Braces Using Incrediwear ...
GLENVIEW, Ill.--(BUSINESS WIRE)--
Mead Johnson Nutrition Company (MJN) announced today that it will present at the Barclays Back-to-School Consumer Conference in Boston, Massachusetts on September 6, 2012. The presentation by Stephen W. Golsby, president and CEO and Peter G. Leemputte, executive vice president and CFO will begin at 2:15 p.m. EDT and will be webcast live on the Internet. To access the webcast go to meadjohnson.com and click first on the Investors tab, then the Events and Presentations tab. A replay will be available approximately four hours after the conclusion of the live webcast at meadjohnson.com under the Investors tab, Events and Presentations tab.
About Mead Johnson
Mead Johnson, a global leader in pediatric nutrition, develops, manufactures, markets and distributes more than 70 products in over 50 countries worldwide. The company's mission is to nourish the worlds children for the best start in life. The Mead Johnson name has been associated with science-based pediatric nutrition products for over 100 years. The company's "Enfa" family of brands, including Enfamil infant formula, is the world's leading brand franchise in pediatric nutrition. For more information, go to http://www.meadjohnson.com.
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Mead Johnson to Present at Barclays Back-to-School Consumer Conference