Penn State's ARL awarded up to $853 million for critical defense work. UNIVERSITY PARK, Pa. -- The U.S.
Navy's Naval Sea Systems Command awarded Penn State's Applied Research Laboratory (ARL) a contract for up to $853 million over the next 10 years to support critical defense work. NAVSEA will provide an estimated $415 million over the next five years with an option to renew for an additional five years at $438 million. ARL has had continuous Navy funding since its establishment by the Navy in 1945. "This award reaffirms the strong continuing relationship between Penn State and the Navy for the next 10 years," said Edward G.
Liszka, director of Penn State's ARL. This contract enables ARL's role as one of five Navy University Affiliated Research Centers as designated by the director of the Research and Engineering Enterprise, in the Office of the Secretary of Defense. OPEC Oil Reserves Worth 3X As Much As All Companies on All World Stock Exchanges Combined. Infographic-the-true-identity-behind-super-pacs.png 3,205×1,905 pixels. Think by Numbers » Government Spends More on Corporate Welfare Subsidies than Social Welfare Programs. Time Magazine, Vol. 152 No. 19 About $59 billion is spent on traditional social welfare programs. $92 billion is spent on corporate subsidies.
So, the government spent 50% more on corporate welfare than it did on food stamps and housing assistance in 2006. These 10 Corporations Control Almost Everything You Buy. This Chart Shows The Bilderberg Group's Connection To Everything In The World. Should the government intervene in the economy? One of the main issues in economics is the extent to which the government should intervene in the economy.
Free market economists argue that government intervention should be strictly limited as government intervention tends to cause an inefficient allocation of resources. However, others argue there is a strong case for government intervention in different fields. Hoover Dam built in the 1930s with government funds Summary of whether should the government intervene in the economy.
Arguments for Government Intervention Greater Equality – redistribute income and wealth to improve equality of opportunity and equality of outcomeMarket Failure – Markets fail to take into account externalities and are likely to under-produce public / merit goods. Arguments against Government Intervention Governments liable to make the wrong decisions – influence by political pressure groups, they spend on inefficient projects which lead to inefficient outcome.Personal Freedom. U.S. National Debt Clock : Real Time. US Debt Ceiling Visualized: Stacked in $100 dollar bills @ $16.394 Trillion Dollars. $122,100,000,000,000. - US unfunded liabilities by Dec 31, 2012.
Abovet you can see the pillar of cold hard $100 bills that dwarfs the WTC & Empire State Building - both at one point world's tallest buildings. If you look carefully you can see the Statue of Liberty. The 122.1 Trillion dollar super-skyscraper wall is the amount of money the U.S. Government knows it does not have to fully fund the Medicare, Medicare Prescription Drug Program, Social Security, Military and civil servant pensions. It is the money USA knows it will not have to pay all its bills. The unfunded liability is calculated on current tax and funding inputs, and future demographic shifts in US Population.
Economic Freedom Interactive Map. Fortune 500 2013: Annual ranking of America's largest corporations from Fortune Magazine. Companies are ranked by total revenues for their respective fiscal years.
Included in the survey are companies that are incorporated in the U.S. and operate in the U.S. and file financial statements with a government agency. This includes private companies and cooperatives that file a 10-K or a comparable financial statement with a government agency, and mutual insurance companies that file with state regulators. It also includes companies that file with a government agency but are owned by private companies, domestic or foreign, that do not file such financial statements. Excluded are private companies not filing with a government agency; companies incorporated outside the U.S.; and U.S. companies consolidated by other companies, domestic or foreign, that file with a government agency. Also excluded are companies that failed to report full financial statements for at least three-quarters of the current fiscal year.
Revenues Profits Balance Sheet. Salaries of Government Officials – Current Annual Salaries of Top US Government Officials. Shown below are the current annual salaries for the top elected and appointed US government officials, along with the annual salaries for these officials in 2000 or 2001.
Executive Branch President of the United States 2014: $400,000 2000: $200,000Note: The president's salary was increased from $200,000 to $400,000 in 2001. The president's current salary of $400,000 includes a $50,000 expense allowance.Also See: Presidential Pay, Compensation and BenefitsVice President of the United States 2014: $230,700 2000: $181,400Legislative Branch - US Congress Rank-and-File Senators and Representatives 2014: $174,000 2000: $141,300Also See: The 10 Wealthiest Members of CongressSpeaker of the House 2014: $223,500 2000: $181,400House and Senate Majority and Minority Leaders 2014: $193,400 2000: $156,900Note: Last salary increase for Members of Congress came in 2009.Also See: Salaries and Benefits of US Congress Members Judicial Branch.