Military-industrial complex

June 14, 2013 - 10:30am
At a “town hall” meeting in Alexandria, Virginia, on May 14, U.S. Defense Secretary Chuck Hagel announced that civilian defense employees will be furloughed for up to 11 days.

The U.S. government spends more on its military each year than any other nation by far, but it will be a restrained Department of Defense (DOD) that presents itself at this year’s Paris Air Show. That’s because a previously obscure fiscal mechanism known as “sequestration” requires the DOD to cut $41 billion, or roughly 8 percent of its $527 billion base budget, by September 30, the end of the fiscal year on the government’s calendar.

March 29, 2013 - 10:00am

China broke into the ranks of the five largest arms exporting countries for the first time since the end of the Cold War, displacing the UK in the volume of arms deliveries, according to a report by the Stockholm International Peace Research Institute (Sipri). The UK dropped from the list for the first time since at least 1950, the Swedish institute said.

 
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