Author: Michael

The Russian Economy “Is An Illusion” Built On Debt: With the current energy crisis already wreaking havoc on Russia’s economy, a banking crisis may soon erupt as a mountain of debt weighs on consumers and businesses due to bad lending practices.

Fortune magazine wrote that the Kremlin urged banks to approve and even encouraged millions of Russians to take out three or more loans simultaneously.

But lenders are now vulnerable amid soaring indebtedness and deteriorating loan quality, while consumers buckle under high inflation.

Raytheon updated this reporter on the status of its plans to reinforce US naval radars under Project Storm.

Ukraine Wins the Lottery with New France Arms Sale: The name of the game in the war in Ukraine is drone attacks against Russia, and lots of them. The Kremlin also commanded its generals to use loitering kamikaze munitions against Ukraine as well. Lost in the shuffle is the need to promote air supremacy with fighter jets that can help shoot down the bevy of ballistic missiles and drones that are sent in massive flights by each side.

What a Shot in the Arm
Volodymyr Zelensky is excited about the latest news involving a group of fighters that will be heading his way soon.

A video report I made about British soldiers on

Is it time to tax oil windfalls?: The year’s numerous oil price spikes, mostly related to the stop-and-start war in Iran, have put a lot of money in oil companies’ pockets.

And according to a new NPR report, there are growing calls for a tax on windfall oil profits. As noted by the Guardian, the 100 largest oil companies in the world “banked more than $30m every hour in unearned profit in the first month of the US-Israeli war in Iran.”

Generic Oil Tanker Image. Image Credit: Creative Commons.

The war in Ukraine has taken a toll on Russia. The country has suffered nearly a million and a half casualties. Attacks on its gas and oil infrastructure have caused widespread gas shortages in 56 of Russia’s 83 regions. The banking industry is in the midst of a crisis.

The economy is teetering on the edge, but not according to the Kremlin.

T-90M from Russia. Image Credit: Creative Commons.

Kremlin spokesman Dmitry Peskov said ‌on Thursday that Russia’s economy is stable.

“The difficulties our economy is going through are well known to everyone.

RTX’s Raytheon has announced the successful demonstration of its Next Generation Short Range Interceptor (NGSRI), a new missile system intended to replace the Stinger surface-to-air missile for the US Army.

Nearly every day brings new headlines about successful drone strikes by Ukraine against Russia. Now, Ukraine has reportedly carried out a strike on the Russian capital of Moscow.

According to ABC News, which cited Moscow Mayor Sergey Sobyanin, at least 200 drones were launched towards Moscow overnight.

Lancet Drone from Russia. Image Credit: Creative Commons.

“More than 200 drones were flying towards the Moscow region. Most of them were neutralized by air defense systems at a distance,” the mayor said in a Telegram post cited by ABC.

Japan’s Acquisition, Technology & Logistics Agency (ATLA) has selected Terra Drone’s locally developed interceptor drone as a “test article” for its Interceptor Drone Rapid Acquisition Programme.

Veterans who served from the mid-1980s up to today will likely be familiar with the iconic 9mm Beretta M9. Despite the formal adoption of the SIG Sauer M17/M18 handgun as the official U.S. military sidearm in 2017, the M9 remains in some active duty arms rooms and, as of 2026, service members are still qualifying with the weapon.
Also Read: America’s last combat revolver served from World War I to Vietnam
Although the M9 has proven itself to be extremely robust and reliable, the platform has its drawbacks.