Korea Nuclear Test Furthers EMP Bomb

North Korea’s intermediate-range strategic ballistic rocket Hwasong-12 lifts off / Getty Images

 

Pyongyang reports ‘EMP might’ of nuclear arms

North Korea for the first time this week revealed plans for using its nuclear arms for space-based electronics-disrupting EMP attacks, in addition to direct warhead ground blasts.

The official communist party newspaper, Rodong Sinmun, published a report Monday on “the EMP might of nuclear weapons,” outlining an electromagnetic pulse (EMP) attack produced by detonating a nuclear warhead in space. Continue reading

Australia for sale: Investment bankers cashing in on Tony Abbott’s infrastructure push

You don’t necessarily sell your farm to finance building a road that won’t produce revenue leading back to the very same farm that is now not yours unless times are extremely hard. This compromise of Australian national security is likely a good buying opportunity for the Chinese who would love to purchase more influence in Oceana. The implications of this will span generations — all for a short-term gain.

 

Australian Prime Minister Tony Abbott is turning out to be an investment banker’s best friend.

His center-right government is in the midst of an unprecedented push to build public infrastructure — and to finance the program, regional authorities are busy selling off state assets, creating a boon for bankers just as Australian corporate mergers and acquisitions slow. Banks including Macquarie Group Ltd., Morgan Stanley and UBS AG have been hired to sell everything from ports to electricity grids, data compiled by Bloomberg show.

Advisory fees from the biggest asset sales may reach about $100 million, almost triple the total haul for government-related work last year, estimates Jeffrey Nassof, an analyst at New York-based Freeman & Co. Continue reading