PHENOM6 USAF E-8C Joint STARS keeping an eye on those subversive hosers to the north
The E-8C Joint Surveillance Target Attack Radar System, or Joint STARS, is an airborne battle management, command and control, intelligence, surveillance and reconnaissance platform. Its primary mission is to provide theater ground and air commanders with ground surveillance to support attack operations and targeting that contributes to the delay, disruption and destruction of enemy forces. The E-8C is a modified Boeing 707-300 series commercial airframe extensively remanufactured and modified with the radar, communications, operations and control subsystems required to perform its operational mission. The most prominent external feature is the 27-foot (8 meters) long, canoe-shaped radome under the forward fuselage that houses the 24-foot (7.3 meters) long, side-looking phased array antenna.
The radar and computer subsystems on the E-8C can gather and display detailed battlefield information on ground forces. The information is relayed in near-real time to the Army and Marine Corps common ground stations and to other ground command, control, communications, computers and intelligence, or C4I, nodes. The antenna can be tilted to either side of the aircraft where it can develop a 120-degree field of view covering nearly 19,305 square miles (50,000 square kilometers) and is capable of detecting targets at more than 250 kilometers (more than 820,000 feet). The radar also has some limited capability to detect helicopters, rotating antennas and low, slow-moving fixed wing aircraft. As a battle management and command and control asset, the E-8C can support the full spectrum of roles and missions from peacekeeping operations to major theater war.
https://www.af.mil/About-Us/Fact-Sheets/Display/Article/104507/e-8c-joint-stars/
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Senior US diplomat Sherman to visit Japan, South Korea, Mongolia
U.S. Deputy Secretary of State Wendy Sherman will visit Japan, South Korea and Mongolia from July 18 to July 25, the State Department said on Thursday. The announcement of Sherman's travel schedule made no mention of a stop in China, which had been anticipated in foreign policy circles and reported in some media.
The State Department said Sherman would discuss a broad range of issues with officials in Japan, including combating the climate crisis and enhancing global health security. It said Sherman and counterparts in Japan and South Korea would hold a joint meeting to discuss trilateral cooperation on North Korea and other issues, including climate change and global health. She would hold further talks in Seoul before heading to Ulaanbaatar to reinforce the U.S. Mongolia Strategic Partnership, the statement said. "Throughout the trip, the Deputy Secretary will reaffirm the U.S. commitment to working with allies and partners to promote peace, security, and prosperity in the Indo-Pacific and to upholding the international rules-based order," language the State Department uses to refer to its efforts to push back against China's increasingly assertive behavior in the region. It will be her second trip to Asia in less than two months after visits to Indonesia, Cambodia, and Thailand in late May and early June.
The Biden administration has ramped up sanctions on China for human rights abuses in Xinjiang and Hong Kong, and, in a shift from his predecessor Donald Trump, has sought to rally allies and partners to help counter what it says is China's increasingly coercive economic and foreign policies.
https://asia.nikkei.com/Politics/International-relations/Senior-US-diplomat-Sherman-to-visit-Japan-South-Korea-Mongolia
Treasury Wants Large Holders of 2020 Note to Identify Themselves
The U.S. Treasury Department asked holders of large positions in a 10-year note it issued last year to identify themselves, tapping rules used sporadically since the 1990s to guard against market manipulation.
Anyone whose position in the 0.875% Treasury maturing in November 2030 amounted to $4.1 billion or more on Nov. 16 or Dec. 14 needs to report back to the government by July 22, according to a statement released Thursday. That was the benchmark 10-year Treasury at that point in the fourth quarter. This large-position reporting program, established in 1996 in response to a Salomon Brothers bond-market scandal, aims to prevent improper trading activity, such as efforts to corner the supply of a security to drive up the cost of closing short positions. This is the 17th time the department has made such a request the last being in June 2019 and prior instances have included periods when a specific security became scarce and expensive to borrow in the repurchase agreement market, a sign of a large short.
A Treasury official said on Thursday that the latest request doesn’t mean something nefarious or manipulative happened in late 2020. The Treasury’s debt-management teams try to request these reports about once a year, but can’t always, officials said. Treasuries were diving in November 2020, driving yields higher. The benchmark 10-year yield moved from as low as 0.72% in November to nearly 1% in early December. By March, the benchmark 10-year yield had risen to its highest level in a year at 1.77% while the cost to borrow the debt in the repo market surged as demand grew to short the security. The interest rate on overnight repo rate for cash loans backed by debt plummeted below minus 3% -- driving failed trades to the highest in months.
Treasury yields have since plunged and issues in the repo market subsides. The current benchmark 10-year yield is now at about 1.30%
https://www.bnnbloomberg.ca/treasury-wants-large-holders-of-2020-note-to-identify-themselves-1.1629472
Russia Bars News Site That Reported Putin May Have Secret Child
Russia effectively ordered the closure of an investigative media outlet that published a report last year suggesting that President Vladimir Putin secretly fathered a daughter outside his marriage, stepping up a campaign to stamp out any challenge to the Kremlin.
The Prosecutor General on Thursday declared the U.S.-based publisher of Proekt Media an “undesirable organization,” saying its activities “pose a threat to the foundations of constitutional order and security of the Russian Federation.” It was the first use of the law against a news outlet and means anyone associated with Proekt could face a prison sentence. The Justice Ministry also declared the site’s editor-in-chief, Roman Badanin, as well as several other journalists “foreign agents.” Badanin didn’t respond to a request for comment.
The article, which said that the daughter of a multi-millionaire woman who’s a shareholder in Bank Rossiya bears a close resemblance to the Russian president, was denounced at the time by Kremlin spokesman as “tabloid fodder.” The bank is controlled by Yury Kovalchuk, a billionaire Putin associate. The Russian leader, who divorced his wife in 2013, rarely speaks about his family and guards their privacy closely. Russian authorities have been waging the most aggressive crackdown in years on critics of Putin and independent media since the detention of opposition leader Alexey Navalny, who survived a near-fatal chemical poisoning last year. The Kremlin denies accusations by Navalny and Western officials of involvement in the nerve-agent attack.
Police last month raided the homes of Badanin and two Proekt reporters after the news site published an investigation alleging that relatives of Interior Minister Vladimir Kolokoltsev own multi-million-dollar residences. The miinister didn’t comment on the claim and authorities said the journalists were being probed in an unrelated libel case. That followed the designation of several popular online outlets as foreign agents.
https://www.bnnbloomberg.ca/russia-bars-news-site-that-reported-putin-may-have-secret-child-1.1629440
A cursory look at Badanin shows swampiness personified.
Treasury Yields Just Puked
The long-end of the yield curve just plunged with 10Y yields dropping back below 1.30%...nd 30Y yields pushing down toward 1.90%...An immediate catalyst for the move is unclear although Chicago Fed President Evans did comment on his disappointment that inflation expectations were not higher ("inflation upside risk is not as strong as I'd like it") and "more persistent inflation wouldn't be bad."
Perhaps that dovish signal was enough to confirm Fed liquidity is here to stay and will dominate any underlying inflation fears.
https://www.zerohedge.com/markets/treasury-yields-just-puked
https://www.marketwatch.com/investing/bond/tmubmusd10y
U.S. Senate confirms ex-Fed economist as Treasury debt boss
The U.S. Senate on Thursday confirmed Nellie Liang as the U.S. Treasury’s undersecretary for domestic finance, putting the former Federal Reserve economist in charge of managing a rapidly expanding federal debt.
Liang, a former Federal Reserve economist, was confirmed 72-27 in a bipartisan vote, with 23 Republicans supporting her and only one Democrat, Robert Menendez of New Jersey, voting against. She takes over the Treasury’s domestic finance operation as COVID-19 aid spending continues at a high level and as the Treasury faces a possible fight with Congress over the federal debt limit.
A two-year suspension of the debt limit is set to expire on July 31, and U.S. Treasury Janet Yellen told Reuters on Tuesday that she expects to immediately launch extraordinary cash management measures if Congress fails to act on a new suspension or increase. The Congressional Budget Office also has forecast that the U.S. budget deficit will reach $3 trillion for fiscal 2021, nearly as high as the record fiscal 2020 deficit of $3.13 trillion.
At her confirmation hearing, Liang told senators she would review Treasury debt market to ensure that stays resilient and operates well in times of stress.
She also said it would be her “priority to promote an efficient and stable financial system that can meet the needs of a dynamic economy.”
https://www.reuters.com/article/usa-treasury-debt-liang/u-s-senate-confirms-ex-fed-economist-as-treasury-debt-boss-idUSL1N2OR2D2
C202 US Coast Guard G5 departing Philadelphia Int'l Airport after a ground stop
Heading back to Reagan National
it just gets better and better
They truly out of ANY other option at this point.
Married to lies and muh graphics
kek
VV378 US Navy G5 on final for JBA from NB Rota, Spain overnight and depart earlier today
Arrived yesterday at Rota from JBA
C202 US Coast Guard G5 on final for Reagan National from Philly Int'l
African countries call for $100 billion for World Bank development fund
The World Bank said that leaders of 23 African countries on Thursday called for a largest-ever $100 billion replenishment of the International Development Association (IDA), the global lender’s fund for the world’s poorest countries. The leaders set the goal in a joint declaration after a summit meeting in Abidjan, Ivory Coast, the World Bank said in a statement.
World Bank member countries normally replenish IDA every three years, setting its previous financing package at $82 billion to cover the 2021-2023 fiscal years. But in April, the bank launched an early replenishment cycle after massive assistance paid out to help countries deal with the COVID-19 pandemic drew down IDA resources. The World Bank aims to complete the 20th replenishment of IDA in December, covering the 2023-2025 fiscal years. The declaration here from the African leaders marks the first request for a $100 billion replenishment goal. The leaders who met in Abidjan are from Angola, Benin, Burkina Faso, Cameroon, Ivory Coast, Democratic Republic of Congo, Ethiopia, Ghana, Guinea, Guinea Bissau, Kenya, Liberia, Madagascar, Mauritania, Mozambique, Niger, Nigeria, Uganda, Rwanda, Senegal, Sudan, Tanzania and Togo.
https://www.reuters.com/article/worldbank-fundraising/update-1-african-countries-call-for-100-billion-for-world-bank-development-fund-idUSL1N2OR2GW