Is the F-35 Program Doomed?
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Sputnik International
https://sputniknews.com/columnists/202101221081846581-is-the-f-35-program-doomed/
The beleaguered F-35 Joint Strike Fighter (JSF) program just hit another of many roadblocks in early January as the Department of Defense (DoD) formally decreed that a decision on full-rate production of the jet is on indefinite hold due to technical challenges and the impact of COVID19.
The verdict in the first week of January came only four months after Ellen Lord, undersecretary of defence for acquisition and sustainment, placed her full confidence behind the program saying that “the F-35 will complete its testing by March 2021.”
Highlights
The Federal Deposit Insurance Corporation (FDIC) approved a final rule that clarifies how it intends to treat applications to insure an industrial bank or industrial loan company (ILC) or to merge with or acquire control of an ILC.
ILC charters are sought because owning or controlling an ILC is the only way for nonfinancial services companies, which are prohibited under the federal Bank Holding Company Act (BHCA) from owning or controlling a bank, to offer banking services and products (including deposit products) to their customers.
The final rule provides that, in any case where approval of such an application will result in a nonfinancial company owning or controlling an insured ILC and thus not being subject to the BHCA or to consolidated supervision by the Federal Reserve Board as provided in the BHCA: 1) the approval must include certain conditions and commitments and 2) the company and the ILC must have entered into one or more written agreements with the FDIC.
Environmentalists push for safe cleanup at nuclear site near Buffalo
Jay Silver
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Activists in the West Valley Action Network, an organization supporting the complete cleanup of a nuclear site near Buffalo, recently sent a letter to state Assembly Majority Leader Crystal Peoples-Stokes, D-Buffalo, raising concerns about the site. (Will Waldron/Times Union)Will Waldron/Albany Times Union
WASHINGTON Environmental advocacy groups in western New York want state officials to ensure the safety of federal plans to deal with nuclear waste at the West Valley Demonstration Project after a recent federal report found that “critical decisions regarding the project are still unresolved.”