Non-Firing Guns & Killer Ejection Seats – UK Celebrates F-35 Fighter Jet

Keep in mind the F-35 has over 400 “deficiencies” — 419 deficiencies to be exact. This comes from the Defense Department. It’s not an internet rumor.

 

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The fighter jet has come under scrutiny in recent years as the budget for the fighter jet continues to creep perilously higher. The F-35 comes in at a cost of $150 million (£ 100 million) per aircraft, but has been saddled with continuous delays, system malfunctions, and safety issues.This week a report was issued that the aircraft’s Martin-Baker ejection seats would instantly snap the neck of any pilot weighing under 135 pounds while those between the weight of 135-160 pounds are considered to be highly susceptible to immediate death upon opting to eject.

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NYSE invokes Rule 48 to curb early swings

Circuit breakers, a plunge protection team (that either doesn’t exist or is doing a very poor job)… and now Rule 48. One has to wonder how many more tricks are in the bag. Perhaps that was the last one, perhaps there’s many more. Even if there’s more, it won’t stop the ever-strengthening avalanche.

 

The New York Stock Exchange on Tuesday again invoked measures meant to promote an orderly opening as the US stock market endured heavy selling in early trading.

In contrast to the wild trading of Monday, August 24, when the exchange also invoked so called Rule 48, activity on Tuesday was mostly orderly in spite of declines, market participants said.

But some complained that it took too long for some stocks to open, which is likely to keep attention on the rule. The S&P 500 fell 3 per cent. Continue reading

New US fighter jet on course to becoming ‘one of history’s biggest white elephants’

A quick search under the F-35 tag will reveal to you a longer troubled history than what one article alone will.

 

A plane so technologically advanced that it would give Britain and the US air superiority in any future conflict and billed as the world’s most advanced stealth fighter jet, could be one of “the biggest white elephants in history”, according to a former defence minister.

And while costs of the F-35 spiral and delays run into years, another commentator has warned that “our skies and seas are vulnerable”.

The aircraft, manufactured by Lockheed Martin, was designed to replace the Harrier jump-jet, which went out of service in 2011. The UK once envisaged ordering 150 F-35s, to be ready by 2012. Three years on, the F-35 is still far from ready to fly in combat and the cost of a single jet has risen from £33m to £87m. The UK has ordered only eight to date. Continue reading