Adm. Linda Fagan Confirmed As First Woman Commandant Of US Cost Guard

The Senate has confirmed Adm. Linda L. Fagan as the next commandant of the U.S. Coast Guard, paving the way for her to become the first woman to lead the Coast Guard as well as the first woman Service Chief of any U.S. military service.

Nominated by President Joe Biden in April, Fagan will succeed Adm. Karl Schultz as head of the Coast Guard when he retires by the end of May. A change of command ceremony is scheduled to take place on June 1.

Adm. Linda Fagan, 58, has been serving as Vice Commandant of U.S. Coast Guard since June 18, 2021. She is the Coast Guard’s first woman to hold the rank of four-star admiral.

Over her 36 years in the Coast Guard, Admiral Fagan has served on seven continents.

Possessing extensive interagency as well as intergovernmental experience, Fagan was previously Commander of the Coast Guard Pacific Area, and is the officer with the longest service record in the Marine Safety Field.

“Admiral Fagan’s leadership, experience, and integrity are second to none, and I know she will advance the Coast Guard’s mission to ensure our nation’s maritime safety and security,” President Joe Biden said in a statement congratulating Linda Fagan in her new role.

Biden said his administration is committed to seeing more qualified women in senior leadership and command roles; making sure women can succeed and thrive throughout their military careers.

CPI Aerostructures Q3 Profit Climbs

CPI Aerostructures Inc. (CVU) reported that its net income for the third quarter climbed to $5.43 million or $0.44 per share from $839,765 or $0.07 per share in the same quarter last year.

But revenue for the third quarter declined to $23.90 million from $25.58 million in the prior year.

The company continues to expect to report positive cash flow from operations for the second half of 2021 and for the full year of 2021.

The company continues to anticipate reporting 2021 revenue greater than $100 million compared to $87.6 million for 2020.

The company projects annual net income to be in the range of $7.5 million to $8.0 million, including the $4.8 million of other income related to the forgiveness of Paycheck Protection Program loan, compared to a net loss of $3.7 million for 2020.

How to Grill the Perfect Steak

Reverse-seared tri-tip may be the tastiest dish you grill all summer. Steven Raichlen guides you through the process.

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By Steven Raichlen

How to Set Up Your Grill for Reverse Searing

Smoking a steak over low heat before finishing it over a hot fire ensures even cooking. Here’s how to get the grill ready for the technique.

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By Steven Raichlen

‘Multiple people’ shot at Buffalo, New York, supermarket and alleged shooter in custody, police say – The Denver Post

BUFFALO, N.Y. (AP) — ‘Multiple people’ shot at Buffalo, New York, supermarket and alleged shooter in custody, police say.

Saudi Aramco Q1 Net Profit Surges 82%

The Saudi Arabian Oil Company reported first quarter net income of $39.5 billion, a 82% increase from $21.7 billion in the prior year, primarily driven by higher crude oil prices and volumes sold, and improved downstream margins.

For the first quarter, cash flow from operating activities was $38.2 billion compared to $26.5 billion in the previous year.

Free cash flow rose for the quarter 68% to $30.6 billion.

Aramco continued to deliver a stable dividend in the first quarter, with $18.8 billion to be paid to shareholders in the second quarter.

Elon Musk tweets that his Twitter deal is on hold

Elon Musk on Saturday tweeted that Twitter’s legal team accused him of violating a nondisclosure agreement by revealing that the sample size for the social media platform’s checks on automated users was 100.

“Twitter (TWTR) legal just called to complain that I violated their NDA by revealing the bot check sample size is 100!” tweeted Musk, chief executive of electric car maker Tesla (TSLA).

Musk on Friday tweeted that his $44-billion cash deal to take the company private was “temporarily on hold” while he awaited data on the proportion of its fake accounts.

He said his team would test “a random sample of 100 followers” on Twitter to identify the bots. His response to a question prompted Twitter’s accusation.
When a user asked Musk to “elaborate on process of filtering bot accounts,” he replied: “I picked 100 as the sample size number, because that is what Twitter uses to calculate <5% fake/spam/duplicate.”

Musk tweeted during the early hours of Sunday that he is yet to see “any” analysis that shows that the social media company has fake accounts less than 5%.

He later said that “There is some chance it might be over 90% of daily active users.”