BRAC Hiatus Wont Extend Indefinitely

first_img Dan Cohen AUTHOR Washington, D.C. — With the Trump administration’s decision not to request additional base closures with this year’s budget submission, the Pentagon’s uphill battle to demonstrate the benefits of a new BRAC round to lawmakers has been placed on the back burner, but the discussion can be expected to return to Capitol Hill eventually. At some point, DOD will need to rebalance its infrastructure, Todd Harrison, director of defense budget analysis at the Center for Strategic and International Studies, told the audience Wednesday at the 2018 Defense Communities National Summit. “[That] will have to occur through a BRAC,” Harrison said.That time likely could come when lawmakers realize the rising defense budget is not translating into a significantly larger force structure. The need to curb spending as the nation’s debt grows could provide a strong push in that direction as well. “Then BRAC will come back up,” Harrison said.An additional factor at play is the dispute between the Pentagon and Congress over DOD’s estimate of its excess capacity. Lawmakers, along with a recent Government Accountability Office report, have called for a more precise estimate of the military’s unused capacity. In response, defense officials point out that is only possible when Congress authorizes a new BRAC round. Both sides have a point in this standoff, but lawmakers will be hesitant to jump into a new round in the absence of better data, said Mackenzie Eaglen, resident fellow at the American Enterprise Institute.“It certainly helps forestall the next BRAC round,” Eaglen said.last_img read more

STUDENT SPOTLIGHT Wilmingtons Hannah Brown Graduates From University Of Alabama

first_imgTUSCALOOSA, AL — Hannah Faye Brown, of Wilmington, has received a Bachelor of Science in Nursing from the University of Alabama.UA awarded some 5,716 degrees during spring commencement May 3-5.With a beautiful campus, dozens of challenging academic programs, expert faculty and numerous opportunities for service and growth, The University of Alabama is a place where legends are made. UA offers its students a premier educational, cultural and social experience with more than 200 undergraduate, graduate and professional programs.The University of Alabama, the state’s oldest and largest public institution of higher education, is a student-centered research university that draws the best and brightest to an academic community committed to providing a premier undergraduate and graduate education. UA is dedicated to achieving excellence in scholarship, collaboration and intellectual engagement; providing public outreach and service to the state of Alabama and the nation; and nurturing a campus environment that fosters collegiality, respect and inclusivity.(NOTE: The above announcement is from the University of Alabama via Merit.)Like Wilmington Apple on Facebook. Follow Wilmington Apple on Twitter. Follow Wilmington Apple on Instagram. Subscribe to Wilmington Apple’s daily email newsletter HERE. Got a comment, question, photo, press release, or news tip? Email wilmingtonapple@gmail.com.Share this:TwitterFacebookLike this:Like Loading… RelatedSTUDENT SPOTLIGHT: Wilmington’s Hannah Brown Named To President’s List At University Of AlabamaIn “Education”STUDENT SPOTLIGHT: Wilmington’s Hannah Brown Named To President’s List At University Of AlabamaIn “Education”STUDENT SPOTLIGHT: Wilmington’s Hannah Brown Named To Dean’s List At Alabama UniversityIn “Education”last_img read more

Jeff Bezos Amazon widens India losses 10fold in 2 years

first_imgIn its fourth year, Amazon India incurred a whopping loss of Rs 3,572 crore (about $500 million) in the financial year 2015-16, a sharp rise from Rs 321 crore in 2013-14. In comparison, revenues sky-rocketed from Rs 169 crore to Rs 2,275 crore.In the financial year 2014-15, the company reported revenues of Rs 1,022 crore and loss of Rs 1,724 crore, respectively. Advertising and promotional expenses accounted for almost half of its expenses at Rs 1,405 crore.Amazon.in operates in the world’s fastest-growing economy and burgeoning e-commerce market through Amazon Seller Services Pvt. Ltd.The financial performance of Amazon’s India operations was made available by Tofler. The net worth of Amazon Seller Services was pegged at Rs 4,021 crore as of March 31, 2016.The company has three streams of revenues — income from marketing support services from marketing and promotional services provided to its group companies; income from marketplace services from operating an internet portal and sale of traded goods, which includes Kindle book reader and its accessories.During one of Prime Minister Narendra Modi’s visits to the US, Amazon founder and CEO Jeff Bezos committed investments of about $3 billion in India, taking its cumulative India investment to $5 billion.Recently, Amazon Seller Services got a fund infusion of Rs 2,010 crore from its parent entity to take on its rivals in an intensely-competitive business in India.”We will invest what it takes to become the customers’ preferred choice in India, and are encouraged that we are India’s largest and fastest-growing ecommerce marketplace,” an Amazon India spokeswoman was quoted as saying.In India, the company is in direct competition with home-grown online marketplace firms Snapdeal and Flipkart. Other players in the space include Myntra, Jabong, Infibeam and Limeroad.The e-commerce space in India saw a relaxation in FDI norms, with the government allowing 100 percent foreign direct investment (FDI) in marketplace model.  In a marketplace format, an e-commerce company facilitates transactions between buyers and sellers, whereas in the inventory-based model, it owns the goods and sells them to customers directly.last_img read more