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Top News Links: Tuesday, July 5

Shock trials leading to LCS design changes

Australian shipbuilder Austal on 4 July issued a profit warning for 2016 as the company revealed that preliminary results of the first two Full Ship Shock Trials (FSST) on the USS Jackson had led to a number of modifications to ship design and cost. The initial results of the FSST has meant that design modifications and reworking of the overall design are in the process of being implemented for the nine remaining LCS vessels being constructed by Austal USA. – Janes.com

Austal takes $115M write-off on LCS program

The Australian parent company of Mobile-based shipbuilder Austal USA announced a $115 million write-off Monday due to higher-than-expected costs on its Littoral Combat Ship (LCS) program. The company resumed trading on the ASX Australian Stock Exchange after halting trading June 30 to review its US shipbuilding operations. After closing at AUS $1.21 June 30, shares reopened July 4 at .95 cents but closed at 1.12. – DefenseNews.com

Polaris making inroads against Harley-Davidson

Ever since Polaris Industries resurrected the Indian Motorcycle nameplate in 2013, it's been a David versus Goliath scenario against Harley-Davidson. It looks like the upstart has caused its industry rival to stumble. At the end of 2012, Harley owned 57.2% of the heavyweight motorcycle market for bikes 601 cubic centimeters and larger, but by the end of 2015, that had shrunk to 50.2%, even as that segment of the market expanded from 62% of the total U.S. motorcycle market in terms of new units registered, to 85%. – Madison.com

Alabama’s losses to web thieves: $12 million in 2015

The FBI's Internet Crime Complaint Center's (IC3) report on 2015 says over the course of the year, they had over $1 billion in reported losses. That's from a little over 127,000 complaints with a loss. It means by the national average, if you lost money to a cyber crime, it's close to $8,500. On a more local level, Alabama had 3,500 victims of its own. State losses came in just shy of $12 million. – WHNT

New law allows traffic enforcement cameras on buses

A new law in Alabama is aimed at making it safer for students getting on and off the school bus. The Alabama School Bus Safety Act took effect July 1. It allows school systems to put cameras on school buses to enforce the stop signs. If installed, drivers caught violating the law will be sent a $300 ticket. – ABC3340

Vast majority of Americans say economy ‘rigged’

Americans believe the U.S. economy is rigged. The new poll, by Marketplace and Edison Research, found 71 percent of Americans believe that the economy is "rigged in favor of certain groups." The poll found it did not matter whether those who took part in the poll were white, black or Hispanic or Democrat or Republican, the vast majority feels the economy is rigged to benefit others. – Money.CNN.com

Sessions still on the Trump short list for VP picks

Republican Donald Trump has narrowed down his vice presidential shortlist to a handful of contenders. While the presumptive GOP nominee is known for throwing curveballs, Alabama Senator Jeff Sessions is still among the men and women he is said to be considering and has met with recently. – ABC

Opinion: Luther Strange leads state’s race to bottom

Once again, our government officials lead the race to the bottom. Alabama Attorney General Luther Strange sided with ExxonMobil to quash a subpoena for that company’s documents, stating that he acted to protect the company’s constitutional right to free speech. – Anniston Star

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