From the Wires
US Seals $3.48B Missiles, Technology Sale To UAE
WASHINGTON (AP) — The United States has reached a deal to sell $3.48 billion worth of missiles and related technology to the United Arab Emirates, a close Mideast ally, as part of a massive buildup of defense technology among friendly Mideast nations near Iran.
Pentagon spokesman George Little announced the Christmas Day sale on Friday night.
He noted that the U.S. and U.A.E. have a strong defense relationship and are both interested in “a secure and stable” Persian Gulf region.
The deal includes 96 missiles, along with supporting technology and training support that Little says will bolster the nation’s missile defense capacity.
The deal includes a contract with Lockheed Martin to produce the highly sophisticated Terminal High Altitude Area Defense, or THAAD, weapon system for the U.A.E.
Tom McGrath, vice president and program manager for Lockheed Martin’s THAAD program, said in a statement released in Dallas that it was the first foreign military sale of the THAAD system.
THAAD interceptors are produced at Lockheed Martin’s Pike County Facility in Troy, Ala. The launchers and fire control units are produced at the company’s Camden, Ark., facility.
Wary of Iran, the U.S. has been building up missile defenses of its allies, including a $1.7 billion deal to upgrade Saudi Arabia’s Patriot missiles and the sale of 209 Patriot missiles to Kuwait, valued at about $900 million.
On Thursday, the Obama administration announced the sale of $30 billion worth of F-15SA fighter jets to Saudi Arabia.
Under the fighter jet agreement, the U.S. will send Saudi Arabia 84 new fighter jets and upgrades for 70 more. Production of the aircraft, which will be manufactured by Boeing Co., will support 50,000 jobs and have a $3.5 billion annual economic impact in the U.S.
All the sales are part of a larger U.S. effort to realign its defense policies in the Persian Gulf to keep Iran in check.
The announcement came as U.S. officials weighed a fresh threat from Tehran, which warned this week it could disrupt traffic through the Strait of Hormuz, a vital Persian Gulf oil transport route, if Washington levies new sanctions targeting Iran’s crude exports.
Review: ‘Snow White’ a gorgeous take on fairy tale
Astonishingly beautiful and breathtaking in its brutal imagery, “Snow White & the Huntsman” is thrilling and frightening in equal measure, yet as bereft of satisfying substance as a poisoned apple.
Rupert Sanders’ revisionist take on the classic Brothers Grimm fable, the first feature from the respected British commercial director, upends expectations of traditional gender roles while simultaneously embracing what a fairy tale should be. It’s dark and dangerous, vicious and violent. Yes, there are dwarves and adorable, furry woodland creatures but more often, death is a constant threat.
Continue Reading CloseTHE RACE: Trump not first to upstage a candidate
Donald Trump may have briefly sidetracked Mitt Romney’s campaign message in Las Vegas with his renewed “birther” talk, but it isn’t the first time an opinionated supporter has put a candidate in an awkward position.
In 2008, candidate Barack Obama had to distance himself from his former longtime pastor, the Rev. Jeremiah Wright, following the Chicago clergyman’s incendiary rhetoric and contentious public appearances. Obama also faced questions about his relationships with 1960s radical Bill Ayers and convicted Chicago businessman Antoin “Tony” Rezko.
Continue Reading CloseFears over Europe push 10-year rate to 66-year low
NEW YORK (AP) — A key borrowing rate is sinking to a 66-year low as fear over Europe roils global markets.
The yield on the 10-year Treasury dropped to 1.62 percent in Wednesday trading as investors shifted money into Treasurys and other government bonds considered safe.
The flight to Treasurys was spurred by reports that the European Central Bank rejected a plan to help Spain pay for a banking bailout.
The price of the 10-year Treasury jumped $1.12 for every $100 invested. Rising demand for bonds lowers their yields.
Worries that troubles in Europe will set off a wider financial crisis have driven traders into Treasurys in May. The 10-year Treasury started the month paying 1.95 percent.
News Summary: Ex-Cameron aide detained
PERJURY: The former top media adviser to Prime Minister David Cameron, Andy Coulson, was detained Wednesday on suspicion of perjury in the trial of a flamboyant ex-Scottish lawmaker in 2010.
CONTEXT: Coulson was editor of the News of the World tabloid when stories about former politician Tommy Sheridan were published, and working as Cameron’s communications director when he gave evidence to the 2010 trial. He left his post at the newspaper in 2007 after a reporter and a private investigator were jailed over phone hacking offenses.
SECOND CHANCE: Cameron has insisted he had been right to offer Coulson a “second chance.”Coulson resigned as his media chief last year.
Freed French journalist Romeo Langlois appears and speaks to reporters in Colombia
SAN ISIDRO, Colombia (AP) — Freed French journalist Romeo Langlois appears and speaks to reporters in Colombia.
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