SEMPER
ON TIME: Frederick W. Smith is chairman, president and chief executive
officer of FedEx Corporation. Smith founded FedEx Express in 1971,
and the company began operations on April 17, 1973. A native of Marks,
Mississippi, Smith attended Yale University, where he earned a B.A.
in economics in 1966. Smith served as an officer in the U.S. Marine
Corps in Vietnam from 1966-1970. He is responsible for providing strategic
direction for all FedEx Corporation operating companies, has served
on the boards of several large public companies, and is co-chairman
of the U.S. World War II Memorial Project. He is also a director of
the Business Roundtable, CATO Institute, Library of Congress, James
Madison Council and the Mayo Foundation. In addition, Smith serves
as Vice Chairman of the U.S.-China Business Council. Incidentally,
FedEx has recently announced that they will acquire Kinko's. Now you'll
be able to have your "document solutions" delivered absolutely, positively
overnight. More...
A PENNY SAVED: The Thrift Savings Plan (TSP) is a Federal Government-sponsored
retirement savings and investment plan. Congress established the TSP
in the Federal Employees' Retirement System Act of 1986. The purpose
of the TSP is to provide retirement income. The TSP is a defined contribution
plan, and the retirement income that you receive from your TSP will
depend on how much you have contributed to your account during your
working years, and the earnings on those contributions. The TSP offers
the same type of savings and tax benefits that many private corporations
offer their employees under so - called "401(k)" plans.
GO
DEEP: Deep submergence rescue vehicles (DSRV) were developed as
a result of the USS Thresher submarine accident in 1963, when all
hands were lost. At the time, submarine operating depths greatly exceeded
the capabilities of rescue vessels. The Deep Submergence Systems Project
contracted with Lockheed Missiles and Space, Co. to produce a deep
diving rescue submarine, the first of which was launched in 1970.
The primary mission of the DSRV is to provide quick-reaction, worldwide,
all-weather capability to rescue personnel from submerged, disabled
submarines (DISSUB) of the U.S. Navy or foreign navies at depths up
to 2000 feet. The DSRV's maximum operating depth is approximately
5000 feet, and it can be transported by truck, aircraft, surface ship,
or on a mother submarine. For a rescue operation, it can dive, locate
the DISSUB, and attach itself to the DISSUB's rescue seat. After the
DSRV is properly attached to the submarine, the DISSUB's access hatches
are opened and submarine personnel can directly the DSRV. The DSRV
then detaches from the submarine and transfers the rescued personnel
to the support ship. More
on Subs...
CAN'T TOUCH THAT: A leading US defense company believes its
new anti-missile system can protect civil aircraft against "all missiles
in the hands of terrorists", amid increased interest after attacks
on planes in Iraq and Kenya. Northrop Grumman says its Nemesis Directional
Infrared Countermeasures (DIRCM) system uses laser beams to jam shoulder-fired
surface-to-air-missiles (SAMs) that may pose a threat to commercial
airlines. More
Intel...
PAY
YOUR DUES: Formed in 1920 and chartered by Congress in 1932, the
million-member Disabled American Veterans (DAV) is the official voice
of America's service-connected disabled veterans. DAV is a strong,
insistent voice that represents all of America's 2.1 million disabled
veterans, their families and survivors. Its nationwide network of
services, which are free of charge to all veterans and members of
their families, is totally supported by membership dues and contributions
from the American public. The DAV's national organization is not affiliated
with the government and receives no government funds. Military
Associations...
FAIR
DINKUM FRIENDS: Although the contributions of the Australian ground
forces during the Vietnam War are well known to most Americans who
served there, fewer American vets are aware that there was an active
Australian air element there as well. In addition to serving aboard
the de Havilland Caribou transports of No. 35 Squadron and the Bell
Iroquois helicopters of No. 9 Squadron, Australian airmen worked as
forward air controllers (FACs), and some pilots, on exchange to American
squadrons, flew McDonnell F-4 Phantom IIs. Of all the Royal Australian
Air Force (RAAF) units sent to Vietnam, however, the achievements
of No. 2 Squadron verge on the threshold of legend. No bombing outfit
in Vietnam accomplished so much with such an old and unlikely looking
weapon as the Aussies did with their home-built version of the venerable
English Electric Canberra, one of the earliest jet bombers put into
production. Nor could any American squadron, good though their personnel
were, boast a consistent aircraft serviceability rating of 96 percent.
More...
HOOPS
SCOOP: The National Basketball Development League (NBDL) offers
a $3 discount to active and retired military and their dependent families.
This discount is good for upper bowl seating at all NBDL games in
all NBDL arenas, including Asheville, Charleston, SC, Columbus, GA,
Fayetteville, Huntsville and Roanoke. Additionally, the NBDL offers
special group discount opportunities to family readiness groups (FRG'S).
These will include free tickets to children of deployed military personnel.
NBDL teams are also involved in many activities on military bases,
including reading events, basketball tournaments, and coaches' clinics.
Sports
Discounts...
SNIPER'S MOTTO: Reach out and touch someone. More
humor...
Join millions in getting benefits updates, discounts & military
news via our free email newsletters - Subscribe
Today!