Drill, Baby, Drill.
Non-performing loans as asset-backed securities.
1. A defective drone in Iraq may have helped keep America from being dragged deeper into a widening Middle East conflict. The drone, which was launched at the Erbil air base by an Iranian-backed militia before sunrise on Oct. 26, penetrated U.S. air defenses and crashed into the second floor of the barracks housing American troops at about 5 a.m, according to two U.S. officials familiar with the matter. But the device laden with explosives failed to detonate and in the end only one service member suffered a concussion from the impact, said the officials, who asked to remain anonymous to speak freely about the attack. The U.S. had got lucky, they added, as the drone could have caused carnage had it exploded. (Source: reuters.com)
2. The United States, for the second time in recent weeks, carried out strikes on Wednesday against a weapon storage facility in eastern Syria that the Pentagon said was used by Iran's Islamic Revolutionary Guard Corps (IRGC) and affiliated groups. As tensions soar over the Israel-Hamas conflict, U.S. and coalition troops have been attacked at least 40 times in Iraq and Syria by Iran-backed forces since the start of October. Forty-five U.S. troops have suffered traumatic brain injuries or minor wounds. In a statement, U.S. Defense Secretary Lloyd Austin said the strikes were conducted by two U.S. F-15 fighters and were in response to the recent attacks against U.S. forces. Austin said the attacks against U.S. troops must stop. (Source: reuters.com)
3. In 2030, if current projections hold, the United States will drill for more oil and gas than at any point in its history. Russia and Saudi Arabia plan to do the same. They’re among the world’s fossil fuel giants that, together, are on course this decade to produce twice the amount of fossil fuels than a critical global warming threshold allows, according to a United Nations-backed report issued on Wednesday. The report, which looked at 20 major fossil fuel producing countries, underscores the wide gap between world leaders’ lofty promises to take stronger action on climate change and their nations’ actual production plans. (Source: nytimes.com)
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