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February 06, 2018

Mattis Cites Kissinger to Call for New Nukes

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The head of the Pentagon was called before Congress to defend the administration’s nuclear policies and plans to develop new weapons capabilities. Lawmakers on the House Armed Services Committee are skeptical of Defense Secretary James Mattis’ initiative to build new lower-yield nuclear weapons capable of being launched from submarines. The details of which were contained in the administration’s Nuclear Posture Review, released last week. Secretary Mattis on Tuesday spun some game theory to the committee in an attempt to justify the expenditure. “It’s to make certain that no…

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With Washington Closely Eyeing Stock Prices, SEC Chair Bemoans Staff Shortages

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In a Congressional hearing about the emerging cryptocurrency market, the chair of the Securities and Exchange Commission said he is most concerned about a conventional problem. Jay Clayton told the Senate Banking Committee on Tuesday that the SEC is currently understaffed, lacking the examiners needed to keep tabs on all kinds of markets–both newer and traditional ones. “Personnel is my biggest challenge at the moment,” he said, when questioned by the committee’s vice chair, Sherrod Brown (D-Ohio). “I could use more people in enforcement. I…

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