JEDI HoloNet

An attempt at sabotage on a Koensayr transport due for a Corellian facility was prevented through Jedi intervention on 297.04. The cargo carrier was spotted entering Coronet at high speeds but less than a minute into the city witness reports say that the carriers  emergency breaks were activated in time before it could reach it’s destination, preventing any collision. It was said that two Jedi personnel were seen leaving the scene after being spotted talking with CorSec task forces.

The official statement so far notes the interference of one sentient saboteur and one droid extension, of which the memory core is now in CorSec possession. As of yet CorSec has not released the identity of the saboteur, nor any other information regarding the droid.

Should more information be published, we shall keep you posted.

The Selonian Shipyards have announced that they will liquidate no less than one-thousand jobs in the coming fiscal quarter if profits continue to decline. The shipyards, based around the planet Selonia in the Corellian system, have been facing a decline in investor confidence since the Alliance announced plans to downsize military contracts. With almost a third of all profits coming from the manufacture of parts for the Alliance navy, the long-term prospects of one of Selonia’s largest companies are now under intense scrutiny.

Analysts have postulated that that the Selonian Shipyard’s profit losses are due to a failure to adapt their products to peacetime demand. Tenlin Crespin of C & R Strategic Investments Group voiced this opinion during an interview on Skyline Nightly.

“Selonia has a very strong manufacturing capability, their ability to establish a production line and maintain a high output is something that has been admired for centuries. Their weakness is in the old-fashioned business ideals; refusing to diversify offerings by shifting more R&D into civilian product lines. The Mon Calamari Shipyards has done this with rampant success during peacetime market shifts. Holding on so tightly to military contracts will cast a negative light on the company, portraying them as a flailing arms manufacturer that doesn’t understand how to retain and employ a workforce when their products are no longer in such high demand.” 

Though no government officials could be reached for commentary, sources have confirmed that the Galactic Alliance has no plans to change their current parts and equipment contract with Selonia.

Corellian shipwright unions have publicly denounced the announcement, claiming the business case for the layoffs is weak. Spokespersons for the unions have strongly hinted that they will poll their members on the possibility of industrial action should no concessions be obtained from the Shipyards in a timely manner.

T.R. Bankiss // GHN

There has been trouble among stock speculators this week as the arms and defence industry has seen an downturn in shareholder confidence. Sources tell us that with the rumour of a possible down-scaling of all defense contractors within Alliance space, several companies that once flourished during the wartime are now looking at alternative means of production.

One such individual that has led the charge in production change-over is Ebon Raddyx, majority stockholder and CEO of Raddyx Corporation, who stated in a press statement earlier this week:

“Raddyx has been a household name in the defence industry for long enough. Now, in peacetime as well as during conflict, Raddyx will continue to bring quality products and competitive prices with our new agricultural line of products, as well as our new home decorator line. We’ve got excellent people in both fields that, along with myself, will continue to bring you the Raddyx standard of excellence.”

With tensions between the Chiss Ascendancy and the Mandalorians clans remaining above pre-war levels, Alliance military officials have been quick to dismiss concerns that this potential downsizing of the Alliance’s arms budget will have a negative impact on security within Alliance space. Speaking on GHN’s morning broadcast, Coridan Noy’fay, deputy leader of the Alliance’s ministry of defence had this to say on the matter:

“The security of Alliance worlds and their citizens has always been, and always will be our foremost priority. Demilitarisation is a key part of the peace process and if that is successful, we will consider a similar gesture. Any future alterations to our military spending will be in line with the current economic and military environment.”

Economic advisors have latched onto this idea as a cornerstone of economic recovery in Alliance space. A full report on the state of the Alliance economy and how to improve it is expected to be released by the Galactic Economics Institute within the next cycle.