The US debt mountain is growing so fast the government could soon be spending more on interest payments than on defense

Posted on by Lone Candle

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The US’s mountain of debt has become a cause of concern for investors this year.

The government is likely to spend more on interest payments than on defense over the next five years, per Capital Group.

The ballooning debt burden could eventually chip away at the demand for Treasury bonds, according to the investment manager.”

https://finance.yahoo.com/news/us-debt-mountain-growing-fast-193006391.html

To fight and survive in hostile airspace, US Air Force special operators may take the big gun off their ‘Ghostrider’ gunships

Posted on by Lone Candle

“The AC-130’s ability to fly low and slow over targets for long periods makes it perfect for close-air-support missions, but that’s also a weakness, as it makes the gunship more vulnerable to antiaircraft fire.
Discussion about removing the 105 mm gun is part of a broader effort to make US aircraft better suited for conflicts where opponents can contest or deny control of the air. In addition to removing the gun, Air Force officials are considering arming the AC-130 with cruise missiles for long-range strikes. The service has also explored equipping the gunship with laser weapons.

However, BA, a former AC-130 gunner, told Business Insider that removing the 105 mm gun “would have a big effect on the capability” of the aircraft.”

https://www.yahoo.com/news/fight-survive-hostile-airspace-us-113701467.html

California’s New Minimum Wage Is Predictably Killing Food Delivery Jobs

Posted on by Lone Candle

“A new California law will require that most food-service workers get paid at least $20 per hour starting next year.
But hundreds of pizza delivery drivers in the Los Angeles area are about to discover Thomas Sowell’s famous adage that the true minimum wage is zero.

Pizza Hut announced Wednesday that it would lay off about 1,200 delivery drivers in Los Angeles, Orange, and Riverside counties, CBS News reported. Pizza Hut franchises are outsourcing delivery to third-party apps like GrubHub and UberEats as a cost-saving measure in advance of the new law taking effect.”

https://reason.com/2023/12/27/californias-new-minimum-wage-is-predictably-killing-food-delivery-jobs/