Russia plans 'large scale rearmament'



The Russian president Dmitry Medvedev has ordered a "large-scale" rearmament from 2011 claiming NATO was still seeking to expand its physical presence near Russian borders. "From 2011 a large-scale rearmament of the army and navy will begin," Mr Medvedev was quoted by news agencies as saying at a meeting of military chiefs in Moscow. He called for a renewal of Russia's nuclear weapons arsenal and added that NATO was pursuing military expansion near Russia's borders.

"Analysis of the military-political situation in the world shows that a serious conflict potential remains in some regions," Mr Medvedev said. He listed local crises and international terrorism as persistent security threats and also stated: "Attempts to expand the military infrastructure of NATO near the borders of our country are continuing. "The primary task is to increase the combat readiness of our forces, first of all our strategic nuclear forces. They must be able to fulfil all tasks necessary to ensure Russia's security," Mr Medvedev said.

The comments came despite statements by the Russian leadership suggesting a thaw in relations with the United States following the end of the George W Bush administration and the inauguration of President Barack Obama. Some analysts have detected a softening of US support for NATO enlargement to ex-Soviet countries on Russia's borders such as Georgia and Ukraine. The Obama administration has said it is weighing what to do about a Bush-era project to build missile defence facilities in eastern Europe that has angered Moscow.

Russia, the world's largest country and one of a handful of nuclear-armed states, is attempting to slim down and improve its military, which currently numbers about one million personnel. At today's meeting the defence minister Anatoly Serdyukov said a host of non-core activity, from guest house management to weapons repair and food production, would be transferred from the defence ministry to a state-owned civilian company, Oboronservis.

*AFP

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Five famous companies founded by teens

There are numerous success stories of teen businesses that were created in college dorm rooms and other modest circumstances. Below are some of the most recognisable names in the industry:

  1. Facebook: Mark Zuckerberg and his friends started Facebook when he was a 19-year-old Harvard undergraduate. 
  2. Dell: When Michael Dell was an undergraduate student at Texas University in 1984, he started upgrading computers for profit. He starting working full-time on his business when he was 19. Eventually, his company became the Dell Computer Corporation and then Dell Inc. 
  3. Subway: Fred DeLuca opened the first Subway restaurant when he was 17. In 1965, Mr DeLuca needed extra money for college, so he decided to open his own business. Peter Buck, a family friend, lent him $1,000 and together, they opened Pete’s Super Submarines. A few years later, the company was rebranded and called Subway. 
  4. Mashable: In 2005, Pete Cashmore created Mashable in Scotland when he was a teenager. The site was then a technology blog. Over the next few decades, Mr Cashmore has turned Mashable into a global media company.
  5. Oculus VR: Palmer Luckey founded Oculus VR in June 2012, when he was 19. In August that year, Oculus launched its Kickstarter campaign and raised more than $1 million in three days. Facebook bought Oculus for $2 billion two years later.
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