DefenseNews

Here’s what the Navy is doing to boost SWO retention

January 10, 2024
Retention among surface warfare officers going into department head school is slightly down from last year, but numbers overall remain up as the service has launched several initiatives to keep SWOs in the service longer, according to officials. SWOs have historically departed their community at higher rates than the submarine and aviation communities, and the Navy has been working to keep more of…
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DefenseNews

Navy chief to prioritize getting more ships ready for action

January 10, 2024
ARLINGTON, Va. — The chief of naval operations said Tuesday the service must “get more players on the field” as international crises demand more of the naval force, in her first major address since taking the helm of the Navy two months ago. Adm. Lisa Franchetti said…
DefenseNews

‘Cautionary tale’: How Boeing won a US Air Force program and lost $7B

January 10, 2024
WASHINGTON — The U.S. Air Force’s next-generation tanker was supposed to be the ideal candidate for a fixed-price development program. Indeed, when Boeing first won the deal to build what’s now known as the KC-46, the defense contractor said it would use a “low-risk approach,” basing its design on the existing Boeing 767 commercial airplane. The contract was firm-fixed-price, meaning…
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Cleantech & EV'sNews

Tesla drastically downgrades Model Y sound system

January 10, 2024
Tesla has drastically downgraded the Model Y’s audio system from 13 to 7 speakers and seemingly getting rid of the subwoofer. Fortunately, it’s only for the base version. Over the years, Tesla invested heavily in quality audio for its vehicles. The automaker hired engineers from Bang & Olufsen and other major audio brands. It resulted in the sound system in the Model 3 and Model Y…
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CryptoNews

South Korea Proposes Ban on Credit Card Crypto Purchases

January 10, 2024
Amidst a national surge in crypto trading, South Korea’s FSC is proposing a significant change to their credit finance laws, potentially barring citizens from the use of credit cards in cryptocurrency transactions. South Korea Aims to Tighten Crypto Regulations with…
CryptoNews

Report: Japan's E-Commerce Giant Mercari to Accept BTC Payments

January 10, 2024
Starting in June, users of Mercari, one of Japan’s biggest e-commerce platforms, will be able to pay for products using bitcoin. Users of the platform will also be able to use proceeds from sales to buy and sell bitcoin. Mercari Set to Continue Displaying Yen Prices One…
CryptoNews

SEC Chair Gary Gensler Issues Crypto Investing Advice — Lawyers See as Prelude to Spot Bitcoin ETF Approval

January 10, 2024
U.S. Securities and Exchange Commission (SEC) Chairman Gary Gensler has advised investors to be cautious when considering crypto investments. His advice followed a series of warnings he issued the day before regarding the risks of crypto investing. The SEC is expected to green-light multiple spot bitcoin exchange-traded funds (ETFs) on Wednesday. Gary Gensler’s Advice to Crypto Investors The…
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