At the Current Point of 2010 the Federal Budget Deficit is About $1 Trillion
July 13, 2010According to the latest Monthly Budget Review at the current point of 2010, the deficit was about $1.0 trillion, about $80 billion dollars less than the shortfall last year at this time. This figure, $1 Trillion, encompasses the first nine months of fiscal year 2010.
Revenues were about the same as they were last year ($1.6 trillion) - reflecting increases in receipts from corporate income taxes and from the Federal Reserve’s payments to the Treasury, which were largely offset by decreases in individual income and payroll taxes. Receipts from corporate income taxes were up by about $31 billion (or 31 percent), the result of both improved economic conditions and lower depreciation charges. Receipts from the Fed increased by $35 billion, primarily because the central bank has increased the amount of assets it holds and has shifted to riskier investments in support of the housing market and the broader economy. In contrast, receipts from individual income and payroll taxes declined by $57 billion (or 4 percent), mostly because nonwithheld payments reflecting 2009 tax liabilities were lower. Withheld taxes have dropped as well (by about 2 percent)—but declines during the first part of the fiscal year were followed by increases in each of the past four months (compared with receipts in the same months last year).
Spending during the first nine months of the fiscal year was $2.6 trillion—about $70 billion (or 3 percent) less than outlays at the same point in 2009. That decline includes a net reduction of about $350 billion in major components of spending related to the recent financial crisis—the Troubled Asset Relief Program, Treasury payments to Fannie Mae and Freddie Mac, and net outlays for federal deposit insurance. Spending for all other federal activities rose by almost $280 billion (or 11 percent). Payments of unemployment benefits increased by $41 billion (or almost 50 percent) and interest on the public debt was up by about 20 percent. Outlays for Medicaid rose by 9 percent, and defense spending and payments of Social Security benefits were both 6 percent higher. Spending for food and nutrition assistance, the State Fiscal Stabilization Fund (created by the American Recovery and Reinvestment Act), student aid, and refundable tax credits also increased significantly.
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UAV Market to Benefit from Navy and Air Force Partnering Under New MOA
July 7, 2010The UAV market will likely benefit from Navy and Air Force partnering under new Memorandum of Agreement (MOA) signed June 12 by Chief of Naval Operations Adm. Gary Roughead, and Air Force Chief of Staff Gen. Norton Schwartz. The U.S. Navy and U.S. Air Force are now mutual partners in defense aviation surveillance. The MOA is aimed to increase interoperability for the Northrop Grumman remotely piloted aircrafts like the RQ-4 Global Hawk System used by the Air Force and the MQ-4 BAMS UAS used by the Navy. These multi-mission surveillance aircrafts provide intelligence, data collection and reconnaissance to commanders in theater. Two services are now commited to maximized commonalities and co-efficiencies of the Navy’s Broad Area Maritime Surveillance Unmanned Aircraft Systems (BAMS UAS) and Air Force’s Global Hawk (GH).
The U.S. military UAV market is forecast to grow at a CAGR of 10% between 2010 and 2015, according to U.S. Military Unmanned Aerial Vehicles (UAV) Market Forecast 2010-2015, a new market study from Market Research Media. The report predicts the U.S. military UAV market will generate $ 62 Billion revenues over the period 2010 – 2015.
Deputy Chief of Naval Operations for Information Dominance, Vice Adm. Jack Dorsett said:
“This agreement allows us to leverage the shared and complementary expertise of the Navy and Air Force and deliver agile, interoperable systems to the warfighter. We also look forward to the increased efficiencies that this approach will deliver to the benefit of both the BAMS and Global Hawk programs.”
Air Force Deputy Chief of Staff for Intelligence, Surveillance and Reconnaissance Lt. Gen. David Deptula elaborated:
“This memorandum of agreement is a tremendous opportunity to collaborate and seek out greater efficiencies and synergies between our two services. We believe it’s the right thing for the service chiefs, combatant commanders, the Department of Defense, and ultimately our Sailors, Airmen and Marines out there in combat.
We’re going to focus on basing, maintenance, aircraft command and control, logistics, training and the data requirements for processing exploitation and dissemination of BAMS and Global Hawk. Take for example if we decide to jointly base in Italy. We can eliminate excessive personnel redundancies by having only one squadron based there instead of two. We can have Navy personnel operating Air Force Aircraft and vice versa.”
The MOA covers six categories which will be examined closely by a soon to be established Synergies Working Group, (SWG). The SWG will identify and make recommendations that maximize Service program commonalities and efficiencies.
This MOA effort is led by the Deputy CNO for Information Dominance (Navy) and the Air force Deputy Chief of Staff for Intelligence, Surveillance and Reconnaissance who also support the Under Secretary of Defense of Intelligence.
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U.S. Ethanol Exports Keep Robust Growth
June 14, 2010The Renewable Fuels Association reports that the US ethanol industry is picking up pace as an ethanol exporter. The April ethanol exports of 40.8 million gallons are slightly down from 48.3 million gallons in March (including both denatured and undenatured non-beverage). Year-to-date exports are 124.3 million gallons, which means 2010 exports have already surpassed exports for the entire 2009 calendar year (113.3 million gallons). Exports to the EU, India, Jamaica, Australia, and Canada are on upward trend.
RFA Vice President of Research Geoff Cooper said:
“American ethanol producers continue to be forced to look for overseas markets for their product as domestic markets for ethanol remain saturated due to the regulatory cap on blending levels. The transition of the United States to a net ethanol exporter due to its status as the low cost producer today is a reflection of the industry’s commitment to improving efficiencies and displacing petroleum. However, it also underscores the domestic opportunities lost due to the arbitrary cap on ethanol blending. As a matter of national energy security, America should first seek to maximize its use of domestic renewable fuels before it turns to overseas markets.”
The ethanol industry is awaiting a decision by the U.S. EPA on increasing ethanol blending allowances from 10 percent to 15 percent. Additionally, some in the industry have urged EPA to provide some immediate market relief through the approval of 12 percent blends while it finalizes work on E15.
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Deep Packet Inspection Market: Federal Business Opportunities
February 18, 2010Market Research Media has announced the addition of the new report “Deep Packet Inspection (DPI): U.S. Government Market Forecast 2010-2015“. Deep Packet Inspection (DPI) is the action taken by any IP network equipment which is not an endpoint of a communication using non-header content (typically the actual payload) for some purpose. Deep Packet Inspection is performed as the packet passes an inspection point, searching for protocol non-compliance, viruses, spam, intrusions or predefined criteria to decide what actions to take on the packet, including collecting statistical information.
The report projects the U.S. Government Deep Packet Inspection market to grow at a CAGR of 36% from 2010 to about US$ 1.8 Billion by 2015.
The report covers the DPI products, technologies and services for U.S. Government market, including security of government IT networks, cyber security and cyber warfare tools and systems, surveillance and monitoring capabilities of national security agencies.
Categories: Defense, IT/Telecom, Market Intelligence | No Comments »
Virtual Conference Market Growth Driven by Economic Stagnation
February 8, 2010The worldwide virtual conference market is forecasted to grow at a compound annual growth rate (CAGR) of 56% between the period of 2010 and 2015. This prediction has been made by Market Research Media Ltd, a leading market and technology research company, in its recent research report “Virtual Conference & Trade Show Market Forecast 2010-2015“. In the estimates made by the report the worldwide virtual conference and trade show market is predicted to reach $18.6 Billion over the period 2010 - 2015.
The virtual conference and trade show market has more than doubled in a year from 2008 to 2009 and analysts of Market Research Media expect this trend to continue. Attendance of physical professional events has long suffered from economic stagnation, influenza and and terrorist act fear.
The “Virtual Conference & Trade Show Market Forecast 2010-2015” report by Market Research Media presents a detailed analysis of the current state of the market and technology behind it, and provides year-by-year forecasts by market segments and geographic regions.
Categories: IT/Telecom, Market Intelligence, Media | No Comments »
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