🇺🇸🇨🇳🇮🇱 What will the surge of US forces to the Middle East cost the military?
The day the Middle East almost erupted into a full regional war this summer, Lloyd Austin was touring an Asian shipyard.
Just before the defense secretary visited Subic Bay, Philippines, the former site of a massive U.S. Navy base, Israel killed the political leader of Hamas, who was visiting Iran.
Austin’s July visit was meant to show his focus on Asia, the region America says is its top priority. Instead, he ended the trip distracted by the Middle East, spending hours containing the crisis on a flight back to Washington.
Since Oct. 7, when Hamas’ attack on Israel provoked all-out war in Gaza, the Pentagon has been on call. When the region has approached a wider war, the Defense Department surged forces there to calm it down. But after a year, some in Congress and the Pentagon are growing concerned about how to sustain that pace, and what it will cost the military in the long term.
Call it the U.S. Central Command squeeze. The Pentagon insists its surge has helped stop the Middle East from falling into chaos. But the longer the region borders on conflict, the more the U.S. tests its endurance for crises later on, most notably, a future conflict with China.
The pressure on the military increased even further this week. After their most intense attacks in almost 20 years, Israel and the Lebanese militia group Hezbollah are close to a larger war. On Monday, Austin yet again ordered more troops to the region, joining 40,000 other American personnel there, 6,000 more than normal. Another aircraft carrier may soon follow.
“We’re caught in this kind of never-ending quagmire of having to divert resources, and we’re burning [out] on the back end,” a senior congressional aide said.
Their message was that America’s military wouldn’t exhaust itself anytime soon, but that a year of unplanned deployments and spent missiles come with a cost. Even more, they said, the longer the crisis continues, the more the Pentagon will have to manage tradeoffs between the urgent needs of the Middle East and the rising challenges of the Indo-Pacific.
Pentagon leaders say they calculate the risk in pulling assets from one region to another, and that the choice to move forces away from Asia is a sign that they consider the region stable enough to do so.
“I have relayed messages that it is better to invest in deterrence where there is no overt conflict, rather than intervene in a conflict where there is one already,” the Philippines Secretary of National Defense Gilberto Teodoro said in an August interview. He wouldn’t specify who in the U.S. those messages have reached.
That said, the cost of this posture is also becoming clearer.
The first, and perhaps the most important, part of that tally is the military’s ability to meet future needs, known as “readiness” in defense jargon. By sending more forces to the Middle East, the Pentagon is accepting what amounts to a mortgage: higher costs on its forces to avoid an even bigger bill.
Without specifying the impact of these extensions so far, multiple defense officials and congressional aides said the U.S. is already having to manage “tradeoffs” between the needs of the Middle East today and other areas in the future.
This February, the Houthis shot a ballistic missile at the Navy destroyer Gravely in the Red Sea, one of many times the militia group targeted American ships in the waterway.
But this one came close. In fact, the ship used a short-range weapon — rather than the typical missile — to intercept the attack. The Houthis came within a nautical mile of success, according to Navy officials.
This is an example of the other two costs involved in the Pentagon’s response.
The Navy estimates that between Oct. 7 and mid-July, it fired $1.16 billion worth of munitions while on station in the Red Sea.
The Phantom MK1 is the first US humanoid robot built explicitly for combat.
$150k per unit. Ballistic armor.
Stealth coating that hides it from thermal sensors.
Can carry 20kg of weapons or equipment.
Reports claim two units are already being tested on the frontlines in Ukraine.
War is about to look very different...
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🇨🇭🏦 Is this the beginning of a repeat of Lehman Bros 2008?
UBS just halted withdrawals of a $469 million real estate fund and told investors they can't have their money back for up to 3 years.
Why does this matter? Back in June of 2007, Bear Stearns did the same thing at two of their hedge funds. One year later, Lehman Brothers collapsed and the global financial crisis happened.
UBS looked at their real estate portfolio, realized the buildings are not worth what they paid for them and they cannot sell them without admitting HUGE losses.
Commercial real estate office vacancies are at record highs. Buildings are worth a fraction of what they were. Everyone has been trying to avoid marking their portfolios down to actual current value. But they cannot ignore it any longer.
🔗 FX Hedge
Do you understand what just happened?
A guy in Florida asked ChatGPT to sell his house. Not help him sell it. SELL IT. Pricing, Marketing, Showings, Contract.. Everything.
Sold in 5 days.
The average real estate agent takes 6% commission. On a $400K house that's $24,000. For what? Putting it on Zillow and sending you emails?
This man paid $20 a month for ChatGPT and did the whole thing from his couch.
Real estate agents spent 20 years telling you the process is too complicated for normal people. That you need a professional. That the paperwork is too risky without them.
It was gatekept.
And a chatbot just kicked the gate open..
Lawyers are next, Accountants are next, Financial advisors are next.. Every profession that made you feel stupid so you'd pay them is about to get the same treatment.
The middleman economy is dying. And it's not dying because AI is smarter than them.. It's dying because AI proved you were always smart enough to do it yourself. You just weren't allowed ...
Almost Half of Chronic Fatigue Syndrome Cases Are Caused by Ticks
The causes of chronic fatigue syndrome remained elusive until now. In a breakthrough study, researchers have identified a major cause - tick bites. https://bit.ly/4bjweQB