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Pentagon's 'deploy-or-be-removed' policy takes effect

Pentagon's 'deploy-or-be-removed' policy takes effect

Business
Feb. 16 (UPI) -- The Pentagon on Friday released new policy guidance on retention of non-deployable service members, which could result in nearly 300,000 soldiers being kicked out of the military.The new directive seeks to improve overall readiness and lethality of forces by reducing the number of service members who cannot be deployed overseas, according to Undersecretary of Defense for Personnel and Readiness Robert Wilkie, who testified before Congress on Wednesday."On any given day, about 13 to 14 percent of the force is medically unable to deploy -- that comes out to be around 286,000 service members," Wilkie told the Senate Armed Services Committee's personnel subcommittee on Wednesday.The new directive, requiring review of all non-deployable personnel, comes from a 2017 directive fr...
Tina Becker takes control of Carolina Panthers as one of highest-ranking female executives in NFL

Tina Becker takes control of Carolina Panthers as one of highest-ranking female executives in NFL

Sports
Dec. 18 (UPI) -- Tina Becker is now the chief operating officer for the Carolina Panthers.Carolina announced the move on Monday. Becker will take full control of the day-to-day management of the organization, making her one of the highest-ranking female executives for any of the 32 teams in the National Football League, according to the Panthers."These have been some of the most difficult days of my 19 years with the Panthers, but I am lifted up by the strong resolve and the commitment our employees have shown to this organization," Becker said in a news release from the Panthers."Our team on the field is performing at a very high level, and I believe is bound for the Super Bowl. My immediate focus will be to ensure the corporate side of the organization performs at the same high level, wh...
Bain Capital takes $450 million bridge loan to fund Axis deal

Bain Capital takes $450 million bridge loan to fund Axis deal

Finance
MUMBAI: Bain Capital has taken a $ 450 million bridge loan from JPMorgan Chase to finance its multi-billion bet on third-largest lender, Axis Bank, as the Boston, Massachusetts-headquartered alternative asset manager moves towards the last leg of concluding the largest private equity deal here. Bain Capital, which will be making the investments out of its $ 8-billion Bain Capital Fund XII and its $ 3 billion third Asia fund, has secured the debt facility with limited partner commitments as collateral, multiple sources close to the process told ET. The debt facility will be for up to 18 months and are also additionally secured with Axis Bank shares with guarantees from the US private equity giant, sources said. When contacted, both Bain and JP Morgan declined to comment. Last mont...
Iceland's new Prime Minister Katrin Jakobsdottir takes office

Iceland's new Prime Minister Katrin Jakobsdottir takes office

World
Nov. 30 (UPI) -- Katrin Jakobsdottir, leader of Iceland's Left-Green movement, has taken the office of prime minister.On Wednesday, Jakobsdottir, 41, took office as the second woman to head Iceland's three-party coalition government consisting of the Left Green Movement, the Independence Party and the Progressive Party.She previously served as chairperson of the Left Green Movement in 2003 and simultaneously served as Iceland's minister of Education, Science and Culture and minister of Nordic Cooperation from 2009 to 2013.Jakobsdottir said her administration will focus on investing more in healthcare, education and transport infrastructure, continuing to help Iceland recover from the 2008 financial crash, and improving gender equality and LGBT rights.She has been voted Iceland's most trust...
Elon Musk takes 1st steps to build futuristic underground tunnel in LA

Elon Musk takes 1st steps to build futuristic underground tunnel in LA

Technology
It could all be a pipe dream. Elon Musk has filed a permit to dig a tunnel within Los Angeles city limits that would alleviate the standstill traffic the City of Angels is famous for. Last week, The Boring Company, the firm Musk created to build the tunnel, filed an application with city officials to start digging within city limits, the Los Angeles Times reported. Musk tweeted a photo of the first stage of the project near his office in Hawthorne, in southwestern Los Angeles County near Los Angeles International Airport, on Oct. 28. The the initial proposed route would stretch along Interstate 405 from Hawthorne to Westwood, and the project will be funded entirely by private money, a spokesperson for The Boring Co. said Tuesday, according to the Times. Last month, Musk expressed hope...