A $2M missile vs. a $2,000 drone: Pentagon worried over cost of Houthi attacks

“As American warships rack up kills against Houthi drones and missiles in the Red Sea, Pentagon officials are increasingly alarmed not just at the threat to U.S. naval forces and international shipping — but at the growing cost of keeping them safe.
U.S. Navy destroyers have shot down 38 drones and multiple missiles in the Red Sea over the past two months, according to a Defense Department official, as the Iran-backed militants have stepped up attacks on commercial vessels moving energy and oil through the world’s most vital shipping lanes. On Saturday alone, the destroyer USS Carney intercepted 14 one-way attack drones.

Houthi leaders have said the attacks are a show of support for the Palestinians, and that they won’t stop until Israel halts its operations in Gaza. Defense Secretary Lloyd Austin on Monday announced a new international maritime coalition to safeguard shipping and counter the attacks.

The cost of using expensive naval missiles — which can run up to $2.1 million a shot — to destroy unsophisticated Houthi drones — estimated at a few thousand dollars each — is a growing concern”

https://www.yahoo.com/news/2m-missile-vs-2-000-190000271.html

Is South Florida’s Housing Market Too Hot?

“Ray shared data showing that workers would need to make almost $30 an hour in order to rent a standard two-bedroom apartment in the Miami area without experiencing cost burdens. As of 2021, Miami’s median hourly wage was $18.59, creating a situation where many residents are forced to spend upward of 50 percent of their incomes on housing alone. The conventional financial wisdom is that households should spend no more than 30 percent of their incomes on rent.

Already in 2019, some were sounding the alarm about Miami’s rising housing prices. One study commissioned by the housing group Miami Houses for All in collaboration with city and county officials found that Miami was the third-most expensive metropolitan area in the entire country for housing costs. The same study found that over 50 percent of households in Miami were spending more than they could afford on rents and mortgage payments.”

The $1.7 Trillion F-35 Fighter Jet Program Is About To Get More Expensive

“The GAO notes that it would be more cost-efficient to hold off on buying F-35s until they are operationally tested than it would be to pay for the aircraft now and upgrade them later.

But, of course, when did cost efficiency and the military go hand-in-hand? There’s a reason Lockheed Martin brags about building parts of the F-35 in 48 different states, and that’s not because it saves money. The F-35 has been as much an expensive make-work program for military contractors as it has been a vital part of America’s national defense—and in that regard the cost overruns and eventual upgrades might be seen as a feature rather than a bug.

Production of the F-35 fighter was originally supposed to cost about $200 billion, but the price tag has already ballooned to about twice as much. Recently, Lockheed Martin warned that supply chain issues and inflation could cause further delays and cost overruns. Monday’s GAO report confirmed that construction is running behind schedule, with about 28 percent of the 553 completed jets having been delivered late.”

Texas Gov. Abbott’s border inspections prompt Mexico to move lucrative trade link to New Mexico

“Trucks were re-routed through Santa Teresa when Abbott’s inspections snarled commercial traffic at Texas border crossings, and now Mexico has decided to move a long-planned trade railway connection worth billions of dollars from Texas to the New Mexico crossing, The Dallas Morning News reported Sunday. “We’re now not going to use Texas,” Mexican Economy Minister Tatiana Clouthier said. “We can’t leave all the eggs in one basket and be hostages to someone who wants to use trade as a political tool.””

Why Should a Drug be Illegal or Legal? Part Three: Costs and Benefits of Implementing Drug Bans: Video Sources

I used to support legalizing all drugs. Then the opioid epidemic happened. German Lopez. 2017 9 12. Vox. https://www.vox.com/policy-and-politics/2017/4/20/15328384/opioid-epidemic-drug-legalization Dopesick Reinforces These Pernicious Misconceptions About Opioids, Addiction, and Pain Treatment Jacob Sullum. 2021 11 17. Reason. Two Courts Debunk Widely Accepted Opioid