Archive for the ‘fired’ Category

India test-fires surface-to-surface missile

November 12, 2008

India successfully test-fired a medium-range, surface-to surface missile on Wednesday, the defense ministry said.

The new Shourya (Valor) missile has a range of 375 miles (600 kilometers), the ministry said in a statement that hailed the technology as “state of the art.”

India and longtime rival Pakistan routinely test-fire missiles. They usually notify each other ahead of missile launches in keeping with an agreement between the two nations.

“The high maneuverability of the missile makes it less vulnerable to available anti-missile defense systems,” the ministry said.

A ministry official earlier said the weapon tested was a nuclear-capable K-15 missile, an undersea submarine-launched ballistic missile with a range of up to 435 miles (700 kilometers). He spoke to The Associated Press on condition of anonymity because he was not authorized to speak to media.

The Shourya missile was fired from a test range in Balasore in eastern Orissa state, nearly 800 miles (1,300 kilometers) southeast of New Delhi, the ministry said.

India’s current crop of missiles are mostly intended for confronting neighboring archrival Pakistan, but the country’s longest-range missile, the Agni 3, is designed to travel 1,900 miles (3,000 kilometers) — putting China‘s major cities well into range, as well as targets deep in the Middle East.

India and Pakistan have fought three wars since their independence from Britain in 1947. They have been holding peace talks since 1994 aimed at resolving their differences, including their dispute over the Himalayan region of Kashmir.

By ASHOK SHARMA, Associated Press Writer

Economic Darkness Descends on Putin’s Russia

November 4, 2008

The friend giving me a ride swapped just a couple of grim words with his wife on his cell phone, then turned to me. “They fired her,” he said sadly. “There go our plans.” The wife, who had enjoyed a cushy bank job, then joined the tens of thousands of Russia’s new middle class who have found themselves newly unemployed.

By Yuri Zarakhovich   
Time Magazine

Consumers shop in a Moscow grocery store
Consumers shop in a Moscow grocery store
Ivan Grankin / APF / Getty

Later, I found another friend pacing his office atop one of the newly built skyscrapers of “Moscow City,” the real estate symbol of Prime Minister Vladimir Putin’s ambitions of turning the Russian capital into a new world financial center. Several major companies had already moved out of these costly quarters to way beyond the city’s municipal boundaries, where they still can afford the rent. My friend’s company will soon follow. The Vneshtorgbank (VTB), a major state-run bank, has just canceled its long-planned relocation to the Federation Tower, the tallest of the Moscow City towers. Soon they will stand empty, symbols of failure.

In a nearly empty restaurant — which until quite recently would have been tightly packed at lunch by officials, business executives, entertainers and journalists — a key Moscow banker tells me quietly, “They admit privately at the top that the crisis has moved into economics. Their most likely answer is tightening the screws, as they’re running out of other means.” In the near future, he envisages Russia’s becoming a country whose dwindling population is mired in deepening poverty, an increasingly authoritarian state, run by a handful of immensely rich people, their despotism mediated only by their wish to be accepted in the West.

The hydrocarbon windfall that fueled the Russian state’s recent revival appears unable….

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