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EMP attacks could cripple America, warns the White House… and nobody is doing anything to defend the nation’s electrical infrastructure
EMP attacks could cripple America, warns the White House… and nobody is doing anything to defend the nation’s electrical infrastructure
(Natural News) A new warning from the White House has underscored the fragility of our society. As the Trump administration cautions, an EMP attack could easily take down the United States in a single shot. As such, Trump has now issued a presidential EMP order, with the aim of protecting vital infrastructure from total destruction. EMP, or electromagnetic pulse, attacks have been a known threat to the United States for decades. In spite of this, little has been done to insulate the nation’s most vulnerable and necessary structures — like power grids — from being destroyed by such an event.
As The Hill reports, the Congressional EMP Commission has been discussing EMPs as a major threat to the United Since since the Cold War.
Now, President Trump has issued an executive order to get the ball of national preparedness rolling. Under this new directive, key recommendations of the Congressional EMP Commission will finally see the light of day. The White House reportedly plans on having a “comprehensive strategy on EMPs” ready within the next 12 months.
Trump issues executive order on EMPs
While EMPs have been on the federal government’s radar for at least 20 years, it is only now that we see that risk being taken seriously. As The Hill contends, federal agencies have failed to adequately acknowledge and prepare for a potential EMP threat.
Trump’s order directs the secretaries from the Energy and Defense Department and the Department of Homeland Security to “develop a plan to mitigate the effects of EMPs on the vulnerable priority-critical infrastructures.” DHS and Energy are also being directed to work with other federal agencies and the private sector to make this plan.
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Puerto Rico Defaults On $2 Billion In Debt Payments
Puerto Rico Defaults On $2 Billion In Debt Payments
As expected, Puerto Rico will default on about $2 billion in debt payments Friday, including $780 million in constitutionally-backed general obligation bonds, as governor Alejandro Garcia Padilla has issued an executive order authorizing the suspension of payments. In addition, Garcia Padilla also declared states of emergency at the island’s biggest public pension – the Commonwealth’s Employee Retirement System – which is more than 99% underfunded, as well as the University of Puerto Rico and other agencies Reuters reports. The default will mark the first time a US territory has failed to pay on its general obligation bonds.
“Under these circumstances, these executive orders protect the limited resources available to the agencies listed in these orders and prevents that these can be seized by creditors, leaving Puerto Ricans without basic services,” Garcia Padilla’s administration said in a statement.
The suspension of payments comes just as the Senate rushed a bill to President Obama that was signed on Thursday, and the bill will now allow Puerto Rico to access a bankruptcy-like debt restructuring process for its roughly $70 billion in debt. As Bloombergexplains, the next phase will now be for the US appointed control board to begin the restructuring negotiation process. The step allows Garcia Padilla to use cash that would otherwise go to investors to avert cuts to schools, policing and health care that Garcia Padilla said would extract a heavy toll on the island where nearly half of the 3.5 million residents live in poverty.
While creditors will now be left to battle it out in the courts, the default will leave large insurers of Puerto Rico’s bonds on the hook for payments. As CNBC reports, Assured Guaranty, Ambac and National, a wholly owned subsidiary of MBIA, collectively have more than $800 million in exposure to the total payments due Friday.
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