"“We have lent a huge amount of money to the U.S. Of course we are concerned about the safety of our assets. To be honest, I am definitely a little worried.” "


Chinese premier Wen Jiabao 12th March 2009


""We have a financial system that is run by private shareholders, managed by private institutions, and we'd like to do our best to preserve that system."


Timothy Geithner US Secretary of the Treasury, previously President of the Federal Reserve Bank of New York.1/3/2009

Sunday, February 19, 2006

£50 Mn up in smoke

On 17th January 2006 this £50Mn (ish) Typhoon jet landed at RAF Coningsby, Lincs, when the computer controlling the nose wheel failed to operate. Funded jointly by Britain, Germany, Italy and Spain this plane is way over budget, years late and has multiple problems.

Tony Blair claims the Typhoon is the "cornerstone" of Britain's air defence. Two new aircraft carriers ordered by the Navy are each due to carry 36 Typhoons.

Former Tory Defence Secretary John Nott said recently that his decision to go ahead in the early 80's "my biggest mistake", and added "It's a complete waste of money."

Critics say it was designed to fight a now non-existent enemy - the Soviet Union. It is also claimed the development of air-to-air missiles have rendered the Typhoon obsolete.The computer systems are a mess ... the missiles don't fit ...

For a sequence of Power Point pics of this spectacular landing and cool precision of the RAF pilot go here

Go here for detailed Press report

1 comment:

Myron said...

The web server where the powerpoint file is hosted is not correctly describing the file and the browser is not correctly displaying the file. Save the file to disc and view it from there.

(C) Very Seriously Disorganised Criminals 2002/3/4/5/6/7/8/9 - copy anything you wish