Category: Transportation

FCS-MGV* Successor to Have Tracks

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Tracks vs wheels


Linked band track

One of the lessons from Stryker in Afghanistan is that they are too road bound which creates regular predictable routes, which makes them more vulnerable to IEDs.

When juxtaposed with their relatively thin armor, the consequences are unfortunate:

What doesn’t work is the Stryker in Afghanistan, says Scales. The 5th Stryker Brigade, operating in southern Afghanistan’s Kandahar area, has taken heavy casualties, losing some 21 of the eight-​​wheeled vehicles and two dozen soldiers killed. “The vehicles have proven to be too thinly armored to survive the very large explosive power of Taliban IEDs and too immobile to maneuver off road to avoid them,” Scales writes.

I would also add that, for a given envelope, tracked vehicles are more space efficient, since the wheels on something like a Stryker are large, have significant travel, and the front (and sometimes rear) wheels sweep out a larger volume as an artifact of their pivoting to steer. (see picture)

Also, tracked vehicles are a lot better in urban conflict, because they can go over something like a junked car road block, while wheeled vehicles cannot, and because they can pivot steer, their maneuverability in close quarters is superior.

The downside of tracks is operational cost and road speed.

It’s why it’s rather cramped in Strykers.

Unfortunately, it appears that they are still fixated on some sort of “very quiet” track system:

“The lesson of contemporary wars is that IEDs can best be defeated by designing a vehicle capable of avoiding them,” he writes, in other words a vehicle that can go off road across rough terrain so that it isn’t limited to predictable routes. That means the future GCV must be tracked. It must also be quiet enough to be somewhat stealthy, Scales argues, which would imply a rubberized band track.

This is an area that I worked on extensively on the FCS-RMV, since, as a recovery vehicle, it would have to perform field repair, and from this perspective, band track, basically a continuous rubber band is a complete disaster.

First, with link track, every vehicle can carry a few extra links, and if there is damage to one, or two, they can repair it themselves. Additionally, they can short track, shorten the track by pulling links, and reroute the it so that one or more road wheels are not in the path.

By contrast, if a band track is broken, the crew can’t repair it, the replacement has to take part as a whole (as opposed to feeding the track a link at a time around the drive and road wheels), and it’s a unit, which when stored is huge, as in large enough that you need a truck to carry it to where ever you need to go to do the repairs.

There is a solution, called segmented band track, which splits the difference, so, for example, as opposed to rigid links, the tread would be made with (for example) 10 flexible treads that are linked together with pins (bottom pic), which splits the difference.

It is hoped that this will combine the simplicity of transport of link track with the light weight, lower noise, lower vibration, less wear on the road, and higher performance of continuous band track.

I will say that one of the things that should be avoided, at least on the basis of my experience with the FRMV specifically and the FCS-MGV generally, is to make a fetish of commonality between different vehicles performing different roles.

In the FCS program, almost every vehicle carried significant weight and cost penalties as a result of having a common chassis.

Commonality in systems is good, but if you take it to chassis design, you have start increasing weight and cost of the systems to attain this.

*Future Combat Systems – Manned Ground Vehicle.

Economics Update

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H/t Calculated Risk

It’s what Atrios calls “Jobless Thursday”, and while the number of people filing for initial unemployment claims fell, it was less than forecast, claims fell t0 470,000, not the estimate of 450,000, the 4 week moving average rose, and the number of continuing claims fell by 57,000 to 4.6 million.

On a brighter side (above link) orders for durable goods did rise in December, as did orders for capital goods, and while the Federal Reserve Bank of Chicago’s economic activity index of fell in December, the 3-month moving average rose.

Personally, I tend to place more credence in the transportation based indices, and so the fact that the Baltic Dry Index, an index of shipping costs, fell to a 3 month low, to be the thing that I would hold onto, which makes me bearish ………… Then again, I’m always bearish.

Since I missed the economics update yesterday, I should note that the Federal Reserve Open Market Committee kept its benchmark Fed Funds rate 0.25%, effectively 0%, and while their statement was significantly more upbeat than last time, they are still signaling that the rates will remain low for some time.

Meanwhile, in real estate, Freddie Mac issued a report showing that mortgage delinquencies jumped in December, and new-home sales fell again in December, in yet another indication that the recent activity was an artifact of the tax credit, as opposed to any real market turn around.

One interesting data point, again from Freddie, is that the ratio of people cashing out from their houses to those lowering balances or rates hit an all time low, meaning that people were refinancing to lower their payments, and not using their homes as an ATM.

In the long run, this is a good thing, but in the short run, it runs headlong into the paradox of thrift.

In the more general world of finance and banking, we are seeing skittishness about things like the Greek financial problems, and so there is a flight to quality, which has increased demand for US Treasuries, which has driven the rate on the 1-month treasury to a negative interest for the first time in 10 months, interestingly enough, the T-bill auctions seem to indicate that it’s Americans who are fleeing to quality, as the last auction had robust demand, but foreign buyers seemed to be backing off, at least the foreign central banks.

In consumer debt, credit card charge-offs fell a little in December, which indicates that people are a bit more able to pay off their debt, though the fact that Chase had a “payment holiday” may be a large reason for this.

In the old standards of energy and currency, crude oil fell slightly, while the dollar hit a 6½ month high against the Euro, largely on concerns that Greece will go the way of Ukraine, the Baltic States, or Iceland.

Of course, since Greece is in the Euro zone, when none of the other nations were, that is where it gets pretty hinky.

Full FOMC statement after the break:

Press Release
Federal Reserve Press Release

Release Date: January 27, 2010
For immediate release

Information received since the Federal Open Market Committee met in December suggests that economic activity has continued to strengthen and that the deterioration in the labor market is abating. Household spending is expanding at a moderate rate but remains constrained by a weak labor market, modest income growth, lower housing wealth, and tight credit. Business spending on equipment and software appears to be picking up, but investment in structures is still contracting and employers remain reluctant to add to payrolls. Firms have brought inventory stocks into better alignment with sales. While bank lending continues to contract, financial market conditions remain supportive of economic growth. Although the pace of economic recovery is likely to be moderate for a time, the Committee anticipates a gradual return to higher levels of resource utilization in a context of price stability.

With substantial resource slack continuing to restrain cost pressures and with longer-term inflation expectations stable, inflation is likely to be subdued for some time.

The Committee will maintain the target range for the federal funds rate at 0 to 1/4 percent and continues to anticipate that economic conditions, including low rates of resource utilization, subdued inflation trends, and stable inflation expectations, are likely to warrant exceptionally low levels of the federal funds rate for an extended period. To provide support to mortgage lending and housing markets and to improve overall conditions in private credit markets, the Federal Reserve is in the process of purchasing $1.25 trillion of agency mortgage-backed securities and about $175 billion of agency debt. In order to promote a smooth transition in markets, the Committee is gradually slowing the pace of these purchases, and it anticipates that these transactions will be executed by the end of the first quarter. The Committee will continue to evaluate its purchases of securities in light of the evolving economic outlook and conditions in financial markets.

In light of improved functioning of financial markets, the Federal Reserve will be closing the Asset-Backed Commercial Paper Money Market Mutual Fund Liquidity Facility, the Commercial Paper Funding Facility, the Primary Dealer Credit Facility, and the Term Securities Lending Facility on February 1, as previously announced. In addition, the temporary liquidity swap arrangements between the Federal Reserve and other central banks will expire on February 1. The Federal Reserve is in the process of winding down its Term Auction Facility: $50 billion in 28-day credit will be offered on February 8 and $25 billion in 28-day credit will be offered at the final auction on March 8. The anticipated expiration dates for the Term Asset-Backed Securities Loan Facility remain set at June 30 for loans backed by new-issue commercial mortgage-backed securities and March 31 for loans backed by all other types of collateral. The Federal Reserve is prepared to modify these plans if necessary to support financial stability and economic growth.

Voting for the FOMC monetary policy action were: Ben S. Bernanke, Chairman; William C. Dudley, Vice Chairman; James Bullard; Elizabeth A. Duke; Donald L. Kohn; Sandra Pianalto; Eric S. Rosengren; Daniel K. Tarullo; and Kevin M. Warsh. Voting against the policy action was Thomas M. Hoenig, who believed that economic and financial conditions had changed sufficiently that the expectation of exceptionally low levels of the federal funds rate for an extended period was no longer warranted.

Tefillin of Mass Destruction

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You shall bind them as a sign on your hand, and they shall be as frontlets between your eyes

Deuteronomy 6:8

So a plane was diverted to Philadelphia on a New York to Kentucky flight because of concerns of the straps and boxes that a Jewish Teen was wearing as he prayed:

Jewish teen’s prayers spark airliner scare
Flight is diverted after religious item is mistaken for a bomb, police say

updated 9:18 a.m. ET, Fri., Jan. 22, 2010

PHILADELPHIA – A Jewish teenager trying to pray on a New York-to-Kentucky flight caused a scare Thursday when he pulled out a set of small boxes containing holy scrolls, leading the captain to divert the flight to Philadelphia, where the commuter plane was greeted by police, bomb-sniffing dogs and federal agents.

The 17-year-old on US Airways Express Flight 3079 was using tefillin, a set of small boxes containing biblical passages that are attached to leather straps, Philadelphia police Lt. Frank Vanore said.

You know, the guy wearing Tefillin is among the people least likely to be an Islamic bomber.

Dances With TSA

I’m sitting in Philadelphia waiting for the flight to Boston, and I thought that I would relate my experience with airport security.

It was a surprisingly smooth experience, despite the fact that they pulled my bag for further inspection.

The 7 day yartzheit (memorial candle) is a 3″ x 14″cylinder, so I can see how the X-ray machine operator flagged it for further scrutiny.

Still, the whole process, show my ID (honest, officer, I look better in person) and bording pass, take off shoes, put shoes, keys, etc. in bin, put bin and bag through the X-ray machine, grab my stuff, put on my shoes, open my case, show the candle, let the TSA guy wipe my stuff with a “sniffer”, and repacking my case only took about 15 minutes.

I can’t complain.

Economics Update

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H/t Calculated Risk

The Federal Reserve has released its “Summary of Commentary on Current Economic Conditions”, better known as the “Beige Book”, and there has been a small improvement.

I’m not sure where the improvement is, since transportation indices continue to disappoint, with the American Association of Railroads’ report on carload traffic showing the lowest level since 1988, and if goods aren’t moving, then people aren’t buying.

Meanwhile the trend in mortgages, with refinancing increasing and mortgages for purchases falling, continued this week.

Overseas, the GDPs of Britain and Germany both suffered the largest drop since before the 2nd World War, -4.8% and -5.0% respectively, while in Japan, machinery orders fell sharply in November.

In the world of US government finance, the US budget deficit doubled year over year in December, which probably had something to do with bond prices being mixed, with the 10-year bond falling slightly, and the 30-year bond rising slightly. (Yields move in the opposite direction of prices)

In energy, oil fell below $80/bbl, on reports of increasing US fuel inventories.

In currency, the dollar was mixed, down slightly versus the Pound and Euro, but up slightly versus the Yen.

Really Bad Idea

It seems that the Chinese are looking at using nuclear powered cargo ships to ship cheap crap to the USA.

Bad idea, and a lose, as is obvious from looking at the history of nuclear powered civilian cargo vessels, or just the numbers for the NS Savannah:

However, Savannah’s cargo space was limited to 8,500 tons of freight in 652,000 cubic feet (18,000 m³). Many of her competitors could accommodate several times as much. Her streamlined hull made loading the forward holds laborious, which became a significant disadvantage as ports became more and more automated. Her crew was a third larger than comparable oil-fired ships and received special training after completing all training requirements for conventional maritime licenses. Her operating budget included the maintenance of a separate shore organization for negotiating her port visits and a personalized shipyard facility for completing any needed repairs.

And then there is that whole Somali Pirate thing, which makes the idea of an unarmed civilian ship operating a nuclear reactor on the high seas even less attractive.

I can see al Qaeda salivating over the prospect of seizing a ship like this.

H/t Information Dissemination

Poo of Mass Destruction

So, on another Northwest Flight, a passenger experiencing “gastric distress”, spent an extended amount of time in the aircraft lavatory, and when quizzed about his experience, he was less than forthcoming, so we had yet another security freakout.

Needless to say, al Qaeda is planning to start opening restaurants at airports that serve really strong curry, and they will follow it up with sabotage to disable toilet heating, so we will be threatened with icy BM’s.*

*Icy BM (Bowel Movement)-ICBM, get it?

Elections Have Consequences: Aerial Cattle Car Edition

The Transportation Department has now forbidden airlines from keeping passengers on a plane for more than 3 hours while it waits on the tarmac.

This is a long overdue change.

And yes, I realize that there appears to be some dissonance from my prior post, lambasting Obama and His Stupid Minions on cutting another taxpayer funded giveaway to AIG fat cats.

The thing is, Obama is not every special interest’s bitch, just the FIRE (Finance, Insurance, and Real Estate) sector.

Airlines are not part of FIRE, so they don’t get a pass.

Well, This is One Way to Beat the System

If you order large amounts of coinage via credit card, the US Mint sends it to you free of charge, which means that you can turn around and deposit the money in the bank, and, if you have a credit card with reward miles, you still get those miles, for buying money, which you use to pay off the bill:

Enthusiasts of frequent-flier mileage have all kinds of crazy strategies for racking up credits, but few have been as quick and easy as turning coins into miles.

At least several hundred mile-junkies discovered that a free shipping offer on presidential and Native American $1 coins, sold at face value by the U.S. Mint, amounted to printing free frequent-flier miles. Mileage lovers ordered more than $1 million in coins until the Mint started identifying them and cutting them off.

Coin buyers charged the purchases, sold in boxes of 250 coins, to a credit card that offers frequent-flier mile awards, then took the shipments straight to the bank. They then used the coins they deposited to pay their credit-card bills. Their only cost: the car trip to make the deposit.

Neat scam, and as always, the only problem is that I discover it too damn late.

Sometimes I Write Good

Images Wiki, click for full size



FRMV (Recovery & Maintenance Vehicle)


NLOS=C (Cannon)


NLOS-M (Mortar)


ICV (Infantry Carrier/Combat Vehicle)


MCS (Mounted Combat System, AKA “Light Tank”)


RSV (Reconnaissance and Surveillance Vehicle)


MV-E /T(Medical Vehicle, Evacuation/Treatment)

OK, so I was on the by invitation only Stellar Parthenon BBS, and there was a discussion of the first flight of the Airbus A400M, the subject of its merits vs. the C-130 came up, and I noted that it has twice the size and carrying capacity of the C-130, so it can do things that the C-130 can’t like transporting medium combat vehicles in a relatively straightforward manner.

Someone asked if it might not just be easier to design a vehicle to the C-130, and I unleashed a stream of consciousness torrent on transporting an armored fighting vehicle on a C-130 born of my 3 years working on the (now canceled) Future Combat Systems manned ground vehicle program (FCS-MGV).

I got some attaboys, so I figured that it needed to be shared and I thought that it needed to be shared, with some minor cleanup and added footnotes ……… lots ……… and lots ……… and lots of footnotes:

I spent 3 years trying to get the now-canceled “20-ton class” (about 30T when I left)* Future Combat Systems Recovery and Maintenance Vehicle (FRMV) into a f%$#ing C-130.

It rolled off the aircraft with the combat utility of a Hummvee with about 5 gallons of fuel in it.

On a brand new vehicle, specifically designed to fit on the C-130, you had to pull off all the armor, the antennas and communications boxes, the guns§, squat the suspension, and even then you had to use 3 sortees to transport 2 vehicles…Only the real number for vehicles was likely closer to 5 when you count consumables like fuel and a load of ammunition, AND you get a range (assuming no fuel on the far end) of about 200 miles.¥

The Stryker barely fits in a C-130, and has to be reassembled on the other end (though to a slightly lesser degree), and it really cannot carry the advertised amount of troops, unless you are fielding the midget anorexic brigade.Ø

For a medium (17T<x<35T empty weight without ammunition or fuel) vehicle, you can’t get it on a C-130 without taking the motherf%$#er apart.

The C-130 can do a lot of things, but it was never designed to transport anything much larger than a 2-1/2 ton military truck.

Jeebus….I had forgotten how much the bulls%$# specifications for that pissed me off, even 3 years later.

I worked with some really top notch people, and no one beneath the senior management types thought that it could be made to work. The joke was ……… OK, my joke was ……… that if you could convert cynicism into fuel, we could power the state of Pennsylvania.

The program was doomed from the start, even without the clusterf%$# that was the lead system integrator (LSI) model of development and procurement.

*The recovery vehicle had to be at least as heavy as the heaviest variant, because otherwise it could not reliably winch that vehicle out of a ditch.

One of the central ideas between operating the FCS-MGV was that the FRMV would be the first in, because it had a crane, which you needed to put the f%$#ing vehicles back together again, so you would be the first into a potentially hot LZ, without gun, a little 25mm grenade launcher, or armor.

Remember, the core idea of the Future Combat Systems is that the network is so capable that you can use information awareness to defeat the enemy with lighter vehicles, only you roll off the C-130 blind, deaf, and dumb.

§In our case, the little pop up 25mm grenade launcher, for the howitzer version, and the anti-tank gun version, the guns stayed on.

¥It might have been 300 miles, I’m working from memory, and the army used the numbers that Lockheed Martin gave out for the aircraft, but he USAF maintained that you could not operate the aircraft at those weights, so it was a clusterf%$# from the start anyway. That being said, even using the Army’s/Lockheed’s numbers, it was faster to drive a unit of actionß that distance than it was to dissemble the vehicles, ship them there, and reassemble them after the requisite few hundred sorties were completed.

ßYeah, as part of this, they felt it was necessary to rename the “brigade” and call it a “unit of action”, I guess because it sounded snazzy, and it would impress the budget weenies.

ØIt should be noted that tracked vehicles are actually slightly more space efficient than an equivalent wheeled vehicle though, since you need more clearance around the wheels in order to accommodate their range of motion when steering, something that you don’t need with a tracked vehicle, which steers by differential speeds between the treads, the troop variant, the Infantry Carrier Vehicle (ICV), actually carried a crew of 2 and 9 troops, which compared favorably to the 3+6 carried by the Bradley IFV.

Of course, if you put a completely remote controlled turret on a Bradley, and there are at least a half dozen of them on the market, and eliminated the gunner, you could get a full 9 man squad, just the the ICV.

This Will Probably Go the Route of Dubai

At the Dubai air show, which finished up a few days before the Dubai meltdown, the developers of supersonic business jets were optimistic as to their prospects.

I’m inclined to disagree. One of the things that drove the adoption of the jet airliner, in addition to speed, was that, when you considered the reduction in crew cost per segment and the profoundly lower maintenance costs of jets versus pistons, they were cheaper to operate.

This is not the case of any form of SST, whether civil, or business/personal.

That’s why optimism by SSBJ companies like Aerion (shown) making comments like. “We are in active discussions with more than one OEM and should have an agreement concluded by the second half of next year if things don’t get any worse in the world economy,” are more an indication of delusion than of viability.

They have this real cool design, but no one willing to make it….

But the picture of the is cool.

Economics Update

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Unemployment, H/t Calculated Risk

Today is Jobless Thursday, and new jobless claims fell to 503,000, down from 514,000 (revised from 512K_) the lowest since January, with the 4 week moving average falling to 519,750 from last week’s 524,250, and continuing claims fell to 5.63 million.

This is good news, but we need to be down to about 400K a week to be in jobless recovery, as opposed to “job-loss recovery”, mode, (see graph pr0n, right) so there is still a way to go.

I would note that the metrics that involve moving physical objects, like port and truck traffic, and this week’s report on rail traffic from the AAR are still week. with traffic in October down 15.3% from a year ago, and down 0.3% from September.

It looks like bad news for the monoliner bond insurers is heating up, with French bond insurer CIFG is on a path to an insolvency filing.

In real estate, mortgage applications hit a 9-year low, despite the fact that the 30-year fixed mortgage fell again.

Additionally, we have dueling headlines, with CNBC saying, “Foreclosures Fall Again,” (true, though the call the improvement “fleeting”) but Bloomberg saying that, “U.S. Foreclosure Filings Surpass 300,000 for 8th Straight Month.” (also true.

Your call as to hed is the right one.

Meanwhile, there was an auction for 30 year Treasuries, and prices fell, because….Hell, I don’t know why they fell….Maybe inflation concerns, since the 3 and 10-year auctions were fairly well received.

Then we have our last bit, energy and currency, and oil fell, largely on an unexpectedly high inventory numbers, and the dollar rose, as investors looked for a safe haven.

Economics Update

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The Misery Index Continues to Rise
H/t My Budget 360

Today will be a slow news day, because everyone is waiting on the Federal Reserve Open Market Committee’s (FOMC) statement tomorrow afternoon.

I think that the big news is that Warren Buffet’s Berkshire Hathaway has bought the Burlington Northern-Santa Fe Railroad, betting on recovery while further reducing his stake in Moody’s Investors Service.

Warren Buffet does not invest in things that he cannot get his head around, which is why he missed the dot com implosion, he couldn’t figure out how they could make money.

So now, he is dumping a financial company for rail, which implies to me that he sees a lot more trouble ahead for the banking industry, even as the economy recovers, and the demand for goods and services increases.

This is further reinforced by the September new factory orders rising by 0.9%.

Also the numbers for automobile sales were remarkably good, considering the “cash for clunkers” sales hangover.

There was strong sales growth for and strong October sales numbers from Ford, GM, Nissan, Hyundai and Kia, while sales for Toyota and Honda were basically flat.


Bummer of a birth mark, Chrysler

As for Chrysler, well…..”Bummer of a birthmark, Hal.

BTW, if you’ve been reading the financial press, you may not that they are touting a 4.4% increase in the MIT Center for Real Estate’s transaction-based index (TBI) index for the 3rd quarter.

One should note, as Calculated Risk does, that this is not the But this isn’t the monthly Moody’s/REAL Commercial Property Price Index (CPPI), which actually showed a drop.

This is an index of, “commercial properties sold by major institutional investors,” and these institutional investors are likely avoiding the distressed properties like the plague.

It should be noted that things are still bad, with business bankruptcy filings rising 7% in October, a change from the drops in filings in August and September.

Gold surges to an all-time high – Nov. 3, 2009: “

Here’s a bonus for the gold bugs, gold hit a new high, $1,084.90/oz (troy) after the Reserve Bank of India announced that it was bought 200 metric tonnes of gold from the IMF. (What’s up with this? Really, I have no clue.)

In energy and currency, both oil and the dollar rose today.

H1N1 Update

I had to drop my son off at school today, because the buses were running so late.

It appears that there are a sh%$ load of drivers who are out sick, so they are scrambling with substitute drivers, who are not only getting last minute calls to show up, but are unfamiliar with the routes.

They are not saying that it’s Influenza, but I’m thinking that it’s likely.

Potential Successor to NLOS Cannon Shown

Click for ginormous picture


Looks like the Son of MLRS

Krauss-Maffei Wegmann (KMW) is showing its Donar 155 mm howitzer at the AUSA convention.

Based on a cursory read of Bill Sweetman’s blog post, and my knowledge of MLRS, I spent some time crawling over the vehicles when I was at Lockheed-Martin Missiles & Fire Control* in Grand Prairie, TX, it looks to me an awful lot like they modified the platform and chassis of the M270 MLRS, replacing the turret for the rockets with a (one would assume significantly beefed up to handle recoil) howitzer turret.

Of note, since the automated turret and loading systems are completely removed from the crewed area, there appears to be a significant reduction in weight, since the turret does not need the same level of armor if it is not in crewed space.

Additionally, there should be some cost savings involved in using an existing platform.

On the downside, as compared to the now defunct NLOS-C, this is never going to fit in a C-130, though it KMW is claiming that it will fit in an EADS A-400.

*Yeah, I worked there too. I didn’t work on MLRS, but on a British derivative, the LIMAWS-R, which required me to look at the vehicles regularly.

Aero Diesel Video Pr0n

Avweb produced two videos on the operation and description on Diamond’s Austro AE300 engines.

The nickel tour is that they are heavier than Thielert’s engines, but are promised to be much more durable.

A typical design decision is that the Austro has a heavier cast iron block, but this allows for the engine to be rebuilt.

I’m wondering why they didn’t sleeve an aluminum block. That would appear to me to give the best of both worlds, though my experience with sleeved engines is locomotive engines, which are sleeved iron blocks, I might be missing something.

They are promising a 1000 hour TBO, and hope to extend that significantly as Diamond gets information from the field on the first engines..

Engine Analysis

Flight Evaluation

With the FCS Cancelled….

The Army is looking at acquiring replacements for its M113 APC and Bradley IFV beginning in the next decade.

It’s clear that the M113 needs to be replaced, but the Bradley could continue serving but for one small problem: The Bradley has never carried enough troops, it carries 6 as opposed to the typically 9 which army doctrine calls for in a fire team.

That being said, if you replaced the current crewed Bradley turret with remotely operated turret, like the CTI 40mm Tele-Operated/Manned Turret, (top) a 40mm turret with case telescoped rounds, (bottom) you would eliminate the space inside the hull for the gunner and the commander would sit up front next to the driver, you would have about 3x the firepower, and 50% more crew carrying capacity.

Economics Update (a Day Late) (Again!)

I know that there is a lot of talk about the recession ending, but all the metrics that involve manufacturing real items in the united states, are down, case in point, the AAR’s report on rail traffic, which is down, 17.1% YoY, which is, as Yves Smith notes, down to 1993 levels.

I’m not saying that the rest of the world is not showing signs of recovery, after all the economic powerhouse New Zealand’s economy has left recession, and the $NZ is hitting records, but for the United States, things are not looking better for the rest of us.

Actually, we are seeing some positive movement in US manufacturing, like GM adding shifts at its plants, though this appears to be one part “cash for clunkers”, and one part having to make up for other plants that have been closed.

We are seeing some action though in Federal Reserve and U.S. Treasury land, where US Treasuries are up, and hence yields are down, largely on the expectation that the Fed won’t do anything to interest rates.

More importantly, we are seeing evidence that the Fed is looking at winding down its money printing. They are not doing it yet, but the Bernanke and crew are in preliminary discussions with bond dealers to implement reverse repurchase agreements in order to get a trillion dollars or so out of the money that they pumped into the economy:

Central bank officials are discussing plans to use so- called reverse repurchase agreements to drain some of the $1 trillion they pumped into the economy, said the people, who declined to be identified because the talks are private. That’s where the Fed sells securities to its 18 primary dealers for a specific period, temporarily decreasing the amount of money available in the banking system.

Well, the intent is clear, though the mechanism is as clear as mud to me.

In the always fun areas of energy and currency, oil rose because the dollar fell to a one year low, $1.4778:€1.000, though this is still about a dime below the peak in early July of last year.

Adventures in Wankitude

The latest spin on the attendance at the “912” demonstration from the wingnuts, which implies that they thought that the attendance was anemic, was that the Washington DC Metro was simply unprepared for accommodating “massive” influx of passengers.

You know, less than 80,000 riders on a system that accommodates over 900,000 riders a day is not a big surge.

More telling, however, is that one of the loudest voices complaining about the quality of service is Representative Kevin Brady (R-TX-8), who voted against additional funding to the DC Metro earlier this year.

Votes against funding the Metro, then complains that it lacks adequate resources.

[on edit]
Yes, the Republicans are literally demanding that Barack Obama make the trains run on time.