Author: Sharon Davis

Biggest Drug Bust Made by Coast Guard

boutwell-crew-forms-up-with-contraband-600x300In one of the biggest drug busts made by the Coast Guard, a coast guard crew nabbed a submarine off the coast of California carrying around 271 bales of cocaine. A US coast guard crew from Alameda, California identified a suspicious vehicle in the waters between California and Mexico. The vehicle was a semi submersible sea faring machine, which is one of the vehicles typically used to smuggle contraband into the US.

coast guardThe US Maritime crew nabbed four smugglers on board along with around 271 bales of cocaine worth $181 million. This is one of the most successful drug busts made by US Coast Guard. Officials removed the cocaine from the vessel and towed it to shore. The vehicle quickly capsized without the balance of the load.

Vice Admiral, Charles W.Ray, quoted that the bust justifies the presence and requirement for additional patrol along these waters. Around 80 percent of drugs get into the US through maritime routes. Vice Admiral, Charles, head of this bust, said that such busts break the network of international contraband smuggling and help to keep these waters safe from anti-national elements. The US Coast Guard has nabbed around 33,000 pounds of cocaine worth more than $500 million in these waters since May, 2015. And this is the 25th submarine to be caught in these waters since last year.

The National Economy Bounces back for the months of April – June

economic-growthThe US economy increased by 3.7 percent for the months of April to June than the previous financial quarter. This is due to stabilization of the markets and increase in spending in consumer products. This increase of 3.7 percent comes as a surprise as the previous percent of increase predicted by financial experts was quite low.

state-economy-forum-national-state-and-local-econo-13It is a sharp increase to the measly growth of 0.6 percent made during the last quarter of January to March due to a harsh winter preceding that. Economists are cautious about this growth but still remain hopeful that the economy is getting back on track. Other analysts believe that a drop is to occur in the coming months due to the slowdown of the Chinese economy the second largest economy in the world.

China has suffered serious slowdown of its growing economy in the recent months. China has devalued its currency and taken other drastic measures to stabilize the economy. So analysts are cautious that the next quarter could be a bit slow due to the lack of foreign exchange from China which is the second largest economy in the world.