• Firms with political ties may be bad investment

    It may pay to invest, but, counter intuitively perhaps, it might be worth more to invest in companies that do not have political ties; politically connected firms typically have greater cash holdings than non-connected firms; the reason: managers of such companies need to have more cash on hand to be used as a resource for the firms’ political friends; this hoarding of excess cash runs contrary to the notion of maximizing profit and value for a company’s shareholders

  • Bulgaria attack shows Iran’s terror strategy

    The Wednesday suicide-bombing attack by a Hezbollah operative on a bus carrying Israeli tourists on their way to a Bulgaria sea resort, an attack in which six Israeli were killed and thirty-five injured, is an indication that Iran has decided to increase the cost to Israel, and the United States and the West more generally, of a set of policies which have materially undermined Iran’s interests; Iran has built a large network of terror sleeping cells in Europe and the Americas, operated by the Iranian Quds Force, an elite international operations unit within Iran’s Islamic Revolutionary Guards Corps, and by Hezbollah, a network it intends to activate where and when it serves its interests

  • Hezbollah suicide bomber kills Israeli tourists in Bulgaria

    A Hezbollah-trained suicide bomber, carrying a forged Michigan-issued driver’s license, blew himself up in a bus carrying Israeli tourists, killing seven and injuring thirty-four; the attack appears to be part of a campaign launched by Iran several months ago in retaliation for the killing of Iranian nuclear scientists by the Israeli Mossad; Iranian intelligence operatives have recently attempted attacks on Israeli targets in India, Thailand, Azerbaijan, Kenya, and Cyprus

  • Bulgaria bus bombing underscores vulnerability of public transport: MTI experts

    The Mineta Transportation Institute’s (MTI) Database on Terrorist and Serious Criminal Attacks Against Public Surface Transportation records 3,159 attacks against public surface transportation between January 1970 and January 2012, in which 7,997 people were killed and 30,046 were injured; of these attacks, 47.4 percent were against buses, bus stations, and bus stops; they accounted for 55 percent of the fatalities and 41 percent of the injuries resulting from terrorist attacks during this period

  • The Top 3 Syrian security officials assassinated by rebels

    In the heaviest blow yet to the Assad regime, a bomb placed inside the fortress-like National Security headquarters in Damascus earlier today killed the three top commanders of the regime’s anti-insurgency effort: Defense Minster Dawoud Rajha; Deputy Defense Minister (and Assad’s brother-in-law) Assef Shawkat; and Hassan Turkmani, a former defense minister who was serving as head of the regime’s central command unit for crisis management a secure room; the bomb was placed in the secure room, where a meeting of the central command unit for crisis management was taking place, by a bodyguard assigned to Assad’s inner circle; the assassination, and the way it was carried out, demonstrate daring, operational competence, and excellent intelligence; the operation reflects, more generally, a noticeable increase in the lethality and effectiveness of the rebel forces, and the growing vulnerability of the regime

  • House designates Haqqani Network as a terrorist organization

    The U.S. House of Representative yesterday voted to designate the Haqqani Network as Foreign Terrorist Organization (FTO); the network has been supported and armed by Pakistan, which uses the Haqqanis to attack U.S. and coalition soldiers, aid the Taliban, destabilize the Karzai government, and frustrate U.S. Afghan strategy; if the Senate approves the House bill, this would mean designating the Pakistani government, or at least some of its major agencies, as supporters of terrorism, making it legally difficult for the United States to continue and send billions of dollars in military and civilian aid to Pakistan

  • Scaled-back Kansas biolab would meet U.S. needs

    A report by the National Research Council says that it is “imperative” that the United States build a large-animal biocontainment laboratory to protect animal and public health; two options are acceptable: a $1.4 billion Biosafety Level 4 laboratory in Manhattan, Kansas, or a scaled-back Kansas lab tied to a distributed laboratory network in other facilities; a third option will not meet U.S. needs: maintaining current capabilities at Plum Island Animal Disease Center, because the Plum Island facilities do not meet current standards for high biocontainment

  • Short-sighted Tuareg leadership dooms independence quest

    With the quickening pace of preparations for a military intervention to remove an al Qaeda-affiliated Islamist group from a break-away region of Mali, and disrupt this group’s plan to turn the region into what African leaders call “Africanistan,” the leaders of the MNLA, the Tuareg movement which fought for the independence of the region, said the MNLA would not participate in the operation against the Islamists unless it receives guarantees from outside powers that the goal of the operation will not be to re-unify Mali; the cause of Tuareg independence never had much support among the Tuareg people, and was resolutely opposed by neighboring states; the MNLA refusal to help in removing the Islamists from Azawad all but guarantees that the dream of Tuareg independence will remain just that – a dream

  • More generals defecting, worries about Syria’s chemical munitions

    A few more Syrian generals defected to Turkey this weekend; the latest defections indicate a growing problem for the regime, as those defecting come from parts of the military where loyalty to the Assad family was key to promotion; among the defectors were two Alawite generals who were operations commanders of the Alawite Shabiha militia, one of the military units closest to Assad, a third general, a Sunni, headed the Syrian chemical warfare authority until 2008; last Thursday, Syria began to move chemical munitions from storage facilities to areas closer to the fighting; the United States informed Syria that Washington would view with extreme concern the removal from storage of any more chemical weapons

  • Competition among political forces, not religious fundamentalism, inflames anti-Americanism in the Muslim world

    Historically, domestic political divisions within Muslim politics have fallen between secular elite and fundamental Islamic elite factions, with both groups laying claims to anti-American grievances; that competition is most intense not in the most deeply observant Islamic countries, but rather in countries where divisions between secular and religious factions are sharpest; in those countries, competition between political forces — not religious fundamentalism — appears to spark the greatest anti-American sentiment

  • Studies of nuclear weapons make a contribution to climate science

    Nuclear weapons testing may at first glance appear to have little connection with climate change research, but key cold war research laboratories and the science used to track radioactivity and model nuclear bomb blasts have today been repurposed by climate scientists

  • Study suggests ways to cut billions from Pentagon budget

    The Department of Defense currently spends $400 billion each year acquiring products and services from defense contractors. About $100 billion of the money is spent on administrative costs; one way to reduce the high administrative cists could be “relational contracting,” a concept that has helped private industry dramatically reduce the costs of doing business

  • New contracting model would allow the Pentagon to do more with less

    Old-school, transactional product support paid defense contractors to ship spare parts and do repairs; it paid contractors to “fix-on-failure”; management experts say that DoD should adopt a different contracting model: Performance-Based Life Cycle Product Support Management, or PBL; under PBL, the military buys system performance, or outcomes, rather than products or services, and a contractor is responsible for providing a defined level of equipment readiness or availability, whatever the cost

  • Emissions from oil sands-derived fuels too varied for uniform low-carbon standards

    Policy makers need to be cautious in setting new low-carbon standards for greenhouse gas emissions for oil sands-derived fuels as well as fuels from conventional crude oils; researchers found that lifecycle greenhouse gas (GHG) emissions vary widely across both actual surface mining and in situ oil sands operations and conventional crude cases reported in the scientific literature, depending on individual project operating conditions, technology used, and other factors

  • Iran could test-fly ICBMs capable of striking U.S. within three years: Pentagon

    A Pentagon report submitted to Congress on 29 June says Iran continues to make large strides in virtually all conventional, unconventional, and nuclear categories; the report focused most extensively on Iran’s inventory of ballistic missiles, and warned that Iran may be able to test-fly an inter-continental ballistic missile (ICBM), capable of striking American soil, within three years’ time; Iran also continues to supply men, money, training, and even sophisticated weapons systems to some of the world’s best-known terror groups