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NEW DELHI: Indian Air Force has initiated a proposal to purchase three more Boeing C-17 Globemaster III aircraft from the US for about Rs 8,700 crore, impressed as it is by the cargo carrier's varied utility that includes carrying out of large-scale humanitarian assistance operations such as the ongoing relief effort in earthquake-hit Nepal. The IAF has told the government that it wants to add three very heavy transport aircraft to its fleet of 10 C-17s that were ordered in 2011 and inducted in 2013, officials said. The IAF has pressed the case for three more C-17s after being informed...

The Clinton Foundation has joined Rev. Al Sharpton’s National Action Network on a list of naughty nonprofits maintained by Charity Navigator, a prominent charity monitor.The Clinton Foundation was put on Charity Navigator’s “watch list” last month, The New York Post reported on Sunday.The foundation has come under intense scrutiny of late amid revelations it received millions of dollars in donations from foreign governments while Hillary Clinton served as secretary of state. Money also flowed to the foundation from companies and businessmen who benefited from their relationship to the Clintons.Furthermore, analysis of the foundation’s tax forms showed it spends a relatively...

(LONG article, so this first:) ************************* BY THE NUMBERS • $107.4 million: Amount City of Industry paid to Zerep Management, owned by former Mayor Dave Perez, from 1995- 2014 for street sweeping and other city maintenance • $219.2 million: Amount Industry paid to other Perez family-owned businesses from 1995-2014 or trash collection and other services • $133,000: Average amount Industry paid to Zerep every month in 2014 or street sweeping • $20,000: Average amount Industry pays monthly now to R.F. Dickson Co. for street sweeping • 50: Equivalent of full-time employees Industry paid Zerep for, based on labor charges. •...

Supposedly the top finance news stories this week have been the Greek Bailout, the Trade Fast Track Vote, but with NASDAQ's all time high we're getting even more buzz on our new stock rally. This past week's seen the S&P500 leap almost 2% and gold fall more than 2%.  A couple percent may not seem like much but having it happen in just five trading days means we got annualized returns of a 2/3 loss on gold and 50% gain on stocks.Weird how it is though that with stocks it means that we're now officially in a "confirmed uptrend",...

There are not many things mainstream Republicans have in common with Elizabeth Warren leftists other than their mutual disdain for crony capitalism. The main difference here is that the Left mistakenly believes that these people who feed at the trough of government are actually Republicans. The Left beds down politically with these affluent bloodsuckers while they live in disdain of the Koch Brothers who take no government support. These crony capitalists have struck again and this time they will live to regret it.The issue that duped these supposed capitalists was what has been branded as “net neutrality.” This is another...

Freshly minted college graduates who majored in fields like architecture, business, computers, statistics, engineering and health can expect to start jobs where they earn more than high school graduates with decades of experience.That’s the finding of a new report from Georgetown University‘s Center on Education and the Workforce, which dives into the varying career outcomes for graduates in different college majors. The report underscores both the size of the premium for higher education in the U.S. labor market and the even larger premium that accrues to graduates with select areas of expertise.“Back in the day, especially in the 1970s, the...

Law enforcement agencies have long wondered why methamphetamine, which ravaged so many American communities from the 1990s until the mid-2000s, didn’t take hold in New York City. Because the New York City metropolitan area is the largest illegal drug market in the country, and because demand has been so high elsewhere in the U.S., the city’s law enforcement for decades “has always been anticipating a meth outbreak,” explains James Hunt, special agent in charge of the Drug Enforcement Administration’s New York Division. “We’ve just never seen it take off to the same degree,” Hunt tells Newsweek. Try Newsweek for only...

A Google executive has been confirmed dead in an avalanche at Mount Everest triggered by a massive magnitude-7.8 earthquake in Nepal, the Mountain View internet company said. Google issued a statement Saturday confirming the death of Google "X" privacy executive Dan Fredinburg. "Sadly, we lost one of our own in this tragedy," the statement said in part. "Dan Fredinburg a long-time member of the Privacy organization in Mountain View, was in Nepal with three other Googlers, hiking Mount Everest. He has passed away. The other three Googlers with him are safe and we are working to get them home quickly."...

Ah: I see that there was a Twitter exchange among Brad DeLong, James Pethokoukis, and others over why Republicans don’t acknowledge that Ben Bernanke helped the economy, and claim credit. Pethokoukis — who presumably gets to talk to quite a few Republicans from his perch at AEI — offers a fairly amazing explanation: B/c many view BB as enabling Obama’s spending and artificially propping up debt-heavy economy in need of Mellon-esque liquidation Yep: that dastardly Bernanke was preventing us from having a financial crisis, curse him. Actually, there’s a lot of evidence that this was an important part of the...

Catastrophic droughts, floods and heatwaves: climate change is making environmental disasters increasingly common. Environment Minister Barbara Hendricks wants the G7 to look at insurance policies as an alternative to traditional development aid. […] Supporters of the idea say such insurance policies present a sustainable alternative to traditional aid funds, as they would shift the emphasis from cleaning up after natural disasters towards preventing them from occurring.Berlin is making its move. Barbara Hendricks plans to use Germany’s G7 presidency to pave the way for the entry of climate change insurance into mainstream environmental and development policy, and climate protection is high...

Louisiana Gov. Bobby Jindal warned "corporate America" Saturday that it needed to "be careful" and not ally itself with liberals on cultural issues. Jindal, a 2016 Republican presidential hopeful, issued the warning in a speech at a multi-candidate event in West Des Moines, Iowa.While many at the event argued that the Christian faith was being antagonized from both the cultural left and government entities, Jindal added a third entity that is usually seen as being on the side of conservatives, big business. He cited the recent controversies in Indiana and other states over adoption of religious freedom bills liberals opposed...

An adventuresome Google executive who once dated TV star Sophia Bush met a harrowing death on Mount Everest in a a series of valanches triggered by Saturday’s giant earthquake. Dan Fredinburg, of San Francisco, was the only American confirmed by Saturday night to have died in the tragedy. He died from head injuries when the avalanche slammed into his base camp, according to family members and a statement from Jagged Globe, the mountaineering company that organized his summit attempt. “Today I, and so many of my loved ones, lost an incredible friend,” said Bush, who starred from 2003 to 2012...

Urbandale, Iowa (CNN)Wisconsin Gov. Scott Walker hit back Saturday at potential GOP presidential rival Marco Rubio over the Florida senator's charge that there's "no way" a governor can be ready for president when it comes to foreign policy. "I think he's questioning how Ronald Reagan was ready," the Wisconsin Republican told reporters after speaking at an event for Iowa Rep. David Young in Urbandale. Walker argued that, in his lifetime, Reagan "was the most impactful" president on foreign policy, while President Barack Obama "shows as a first-term senator, (he) isn't prepared to lead, or at least is not in the...

".....In a recent Washington Examiner interview, Cruz promoted legal immigration and criticized Walker for suggesting that he supported limiting legal immigration if it has a negative impact on the wages of American workers. "When we talk about what should be the policy on legal immigration, it should be driven by the economic impact. And number one on the list of priorities should be: What is the impact on American workers and American wages?" Walker said. "If unemployment is high and labor participation is low, why would we want to open the door and flood the market with more workers at...

lone trader has been accused of illegally earning millions of pounds and bringing chaos to the world’s financial markets from a computer in his parents’ semi-detached home in Hounslow. US financial regulators claim that Navinder Singh Sarao’s actions contributed to the so-called “flash crash” in May 2010, when hundreds of billions of dollars were wiped off the value of stocks in a matter of minutes. They believe Sarao may have made more than $40m (£27m) over the past five years, with nearly $900,000 on the day of the flash crash alone. The 36-year-old trader has been arrested on charges of...

HSBC, Europe’s biggest bank, has ordered a review into whether it should move its headquarters out of Britain and potentially back to its former home in Hong Kong, threatening London’s reputation as a global hub for finance and investment. The announcement from HSBC, founded in Asia but a key part of the British establishment, prompted a warm response from Hong Kong, where it is revered as “The Bank”, and silence from the British government. The commitment to the review comes less than two weeks before British parliamentary elections on May 7 and poses challenges for both Prime Minister David Cameron...

LAS VEGAS—Sen. Ted Cruz on Friday took a shot at rival presidential contender Scott Walker for comments the Wisconsin governor has made regarding immigration policy. Cruz opposes comprehensive immigration reform that includes a path to citizenship for the estimated 11-12 million illegal immigrants living in the United States. But the Texan is a big proponent of legal immigration and making adjustments to U.S. law that would facilitate more legal immigration. He criticized Walker for suggesting that he supported limiting legal immigration if it has a negative impact on the wages of American workers. "There is considerable bipartisan agreement outside of...

"..........Mr. Walker’s apparent hardening on immigration has inspired a flood of reporting and commentary. Most recently he told the radio host Glenn Beck that he favored restricting legal immigration in tough economic times, a position to the right of most other 2016 presidential hopefuls. He repeated that view Friday after a speech in Cedar Rapids, when Eddie Failor, 24, expressed concern “as a young Republican” that the party must make inroads to new voter blocs, including by supporting a comprehensive overhaul of immigration. Mr. Walker told Mr. Failor that his top priority would be securing the border. He also said...

The union looking to organize workers at Boeing's South Carolina plant has put its plans in a holding pattern, claiming workers are so opposed to signing up that they chased labor leaders off their porches at gunpoint. The North Charleston plant, which opened in the right-to-work state four years ago and builds fuselages for 747s and 787s, employs about 7,500 workers. The International Association of Machinists and Aerospace Workers had been trying to build support for a vote this week on unionizing 3,175 production and maintenance workers, but called off the vote days before it was to happen.

LGBT activists are urging a boycott of two openly gay New York hoteliers who hosted a controversial campaign event for Texas Sen. Ted Cruz. The “Boycott Fire Island Pines Establishments & Out NYC Hotel” page on Facebook, which had amassed nearly 4,000 likes by Friday, questions the conservative company that OutNYC owners Mati Weiderpass and Ian Reisner chose to keep. The page quotes a critical profile of Cruz written by the Human Rights Campaign. Weiderpass, the co-owner of the Hell’s Kitchen hotel, enraged LGBT activists when he posed for a photo with the Republican presidential hopeful during the Monday affair....