Archive for May 21st, 2013

The Spanish Navy’s Newest Addition

I couldn’t resist this one. One of Spain’s largest defense splurges may also be one of its most embarrassing. After spending nearly one-third of a $3 billion budget to build four of the world’s most advanced submarines, the project’s engineers have run into a problem: the submarines are so heavy that they would sink to […]

Rand Paul Upsets Senate’s Apple Witch-Hunt

The Senate hearings on Apple’s alleged manipulation of corporate tax laws have taken a rather unexpected turn. The usual political grandstanding even when it makes no logical sense has taken place, to wit John McCain’s comments: “Apple’s corporate tax strategy reflects a flawed corporate tax system that allows large multinational corporations to shift profits offshore […]