The Inauguaral News N Boobs

Hello Folks and welcome to News and Boobs.

I figured since these are the two things that preoccupy the bulk of my internet time... might as well share.

Of course, I may deviate from this formula from time to time but hey... it's my blog so screw it.

Moving on...

It seems the Chinese have developed a "Carrier Killer" missile. Now it's no surprise that they would be developing this given the nature of some of their other projects like the Chinese Space Station.



Military News reports:

"The size of the missile enables it to carry a warhead big enough to inflict significant damage on a large vessel, providing the Chinese the capability of destroying a U.S. supercarrier in one strike.

Because the missile employs a complex guidance system, low radar signature and a maneuverability that makes its flight path unpredictable, the odds that it can evade tracking systems to reach its target are increased. It is estimated that the missile can travel at mach 10 and reach its maximum range of 2000km in less than 12 minutes."

Hmmmm... that can't be good.

Full Story here:

http://www.military.com/news/article/April-2009/new-concerns-over-chinese-carrier-killer.html

Elsewhere.... In the US economy

It seems that Sub-primes are not the only aspect of the housing bubble mortgages that are at risk. Amherst has done some investigating and apparently the higher quality mortgages were less than stellar. Alt-A's and option ARM's are collectively more numerous than the sup-primes and even more leveraged, and coincidentally also beginning to default. Due to interest rates resetting at later dates Credit Suisse is predicting that these other mortgages will begin defaulting en masse beginning in 2009 and peaking in 2011.

Well Hoo-friggin-ray!






Luckily I have prepared for such a contingency by stocking up on clean underwear.


And now something to cheer you up. At least she cheers me up. I can only assume that it will do wonders for you as well.

From the makers of the swine flu (Mexico) comes Fabiola Campomanes.



See? Don't feel so bad now do ya?