Japanese Iron Man Suit for Sale

Published August 7, 2012 | By Iowadawg

With a bare-bones sticker price of $1.3 million, Suidobashi Heavy Industry will build you a high-tech, robotic suit that might even make Tony Stark a little nervous.

Suidobashi’s Kuratas robot stands 13-feet tall and weighs about 6 tons. It comes standard with a leather seat and a “next-generation” V-Sido robot operating system, which allows the pilot to move the this gigantic bot’s arms and drive it around at a speed of six miles per hour. Weapon systems such a pair of BB-firing mini guns cost extra (Click below to see the super suhweet video).

The diesel-powered Kuratas can also be controlled remotely through a 3G network.

The Japanese company’s website displays videos and sophisticated-looking graphics of the Kuratas robot but unfortunately lacks a lot of detailed info.

Either way, we here at Defense Tech think it would make a nice addition to the office.

Go HERE. View the Video.

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Did Harry Reid Make his $10 Million Fortune From The Chinese?

Yesterday, I caught a portion of the Rush Limbaugh show, where he questioned how Harry Reid could be worth almost $10 million while only making a salary of $193,00 a year. Here’s a portion of the show’s transcript:

RUSH: I’d like to see Harry Reid’s(taxes). I’d like to know how a guy earning $193,000 accumulates $10 million in net worth. I’d like to see how that happens in such a relatively short period of time, because he hasn’t made $193,000 when he was not the majority leader. Not every senator makes that much. Anyway, this is laughable. But that’s all they’ve got. They can’t talk about Obama. They can’t sing any of Obama’s praises; there aren’t any.

Today, I came across a story on Gateway Pundit, which describes the deals that Harry has made with the Chinese:

Harry, I’d like to know: Did you get kick-back money from the Chinese for sending them stimulus money to build wind farms? We already know that you got campaign donations from the American backers of those wind farms, so your crony capitalism is plain for all to see, but for you to be worth 10 million, you’d have to be pocketing some serious cash.

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Obama’s War on Family Business

One of the aspects of President Obama’s worldview that has drawn consistent fire is his evident hostility toward business. His comments in Roanoke, Virginia three weeks ago (“If you have a business, you didn’t build that”) are just the most recent in a long history of shameful displays of ignorance about the way a business is launched, how it is grown, and what makes it successful.

In his speeches, Obama tends to praise businesses only as a lead-in to calling for higher taxes on them. The President likes to attach a taint to the word “business,” as if every enterprise were Enron and every founder was Scrooge McDuck, hording piles of gold in his basement. This convenient dodge feeds a vague but satisfying resentment in some of Obama’s core constituencies toward big, faceless, evil “multinational corporations,” which are easy to hate.

But the reality about business in America is quite different, and those who understand this most keenly are those who have started businesses – and the family members who have supported them. They know firsthand that Obama’s attacks on business in general translate to a war on family business in particular.

Few people realize just how predominant family business is in the United States. So some statistics (available from the Census and the U.S. Small Business Administration) are instructive.

First, most businesses in the U.S. are not large. Over 78% of all businesses (21M out of 27M) in the United States are “non-employer” firms, meaning that they report no payroll. In other words, they are either partnerships or sole proprietorships. In fact, the vast majority (it varies from year to year, but typically around 70%) of all businesses are run as sole proprietorships.

Of the remaining 6+ million “employer firms,” nearly 90% employ fewer than 20 people. 1.3 million of these companies gross less than $100,000 each year. 3.7 million have gross receipts of less than $500,000 a year. 4.6 million – or 76% – of all “employer firms” in the United States gross under a million dollars each year.

In other words, most business in the United States is small business.

Big names in business close wallets to Obama this time

Crain’s Chicago Business

Scores of Chicago executives who previously backed President Barack Obama are keeping their wallets closed or opening them only for Mitt Romney this time around.

Despite their usual Republican leanings, a lot of business execs jumped on the Obama bandwagon in 2008, especially in Chicago, where many had a firsthand connection with him or his closest supporters. For investors such as Sam Zell, John Canning Jr. or David Herro, their $2,300 contributions were a token gesture compared with tens of thousands of dollars they gave to his rival. So it’s no surprise to see these men go all in on Mitt Romney this time around.

But others such as Northern Trust Co. CEO Frederick Waddell, investment banker Byron Trott and Global Hyatt Corp. CEO Thomas Pritzker (whose cousin Penny was finance chairman of the 2008 Obama campaign) put most of their chips on Mr. Obama, sending essentially pocket change to Sen. John McCain, R-Arizona. And some big Obama backers, such as Crate & Barrel founders Gordon and Carole Segal, real estate developer Avy Stein and philanthropist Lawrence Field, didn’t hedge their bets at all.

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