Wednesday, March 9, 2011

Breaking News Wed. March 10, 2011

Weather is dark and dreary here today, interwebs have  been coming and going off and on all morning. Going to post this while I can. LOL
Be sure and check out Ellen54's new blog too "Living On Stored Foods" , it's linked in the food and water section and I'll put up a permanent link on the left as well. Have a great day, Enjoy the Kunstler!

An Alzheimers fog creeps across this land, from sea to shining sea, as its intellectual class - theoretically the brains of this outfit - utterly fails to get a grip on what is transpiring in this world. The failure of leadership in America is comprehensive and deep. President Obama's top aide, Bill Daley, floated out the notion that we might draw down America's Strategic Petroleum Reserve (SPR) so that the imprudent folk who traded-in clunkers for new Ford F110s and Cadillac Escalades won't feel any pain from four-dollar gasoline.

Protests and Rebellions
AlJazeera: Gaddafi blames unrest on foreigners
Rebel-held towns continue to be under attack as defiant Libyan leader alleges plot to colonise his country.
NYTimes: Qaddafi Threatens New Fight Against No-Fly Zone
BBC: Ten Dead After Copt-Muslim Clash in Cairo
At least 13 people died and 140 were injured in clashes between Muslims and Coptic Christians in Cairo on Tuesday.
Cryptogon: Secret FBI, CIA Documents, Sex Videos Found at Egypt’s Secret Police HQ
Bloomberg: Oil-rich Gulf state condem Libya killings
WSJ: U.S. Sees Stalemate Emerging in Libya
UPI: GOP Walker concedes union rights to Dems
BusinessInsider:  LIBYA LIVE: Watch The Rebels Try To Retake Bin Jawad
TruthOut: Libyan War Traps Poor Immigrants at Tripoli's Edge

Financial News
The following video really gave me a chuckle this morning!
MyBudget360: College Marauders – Student loan debt inches to $900 billion when only in 2000 it was at $200 billion – Most expensive colleges in country charging nearly $60,000 per year in tuition.
TruthOut: From "Morning in America" to the Nightmare on Main Street
BusinessInsider: Dubai's Next Luxury Megahotel Is 'Heavily Behind Schedule' As Funding Dries Up
ChristianScienceMonitor: Watch out for a hard landing in China
China's economy looks strong, but its policy tools are crude and it's still too dependent on exports. A hard landing this year is likely.
CNBC: Bottom About to Fall Out of the Dollar?
AmericanDream: 21 Signs Of Impending Doom For The 2011 Economy
CNBC: Welfare State: Handouts Make Up One-Third of U.S. Wages
WBIR: State Sen. wants TN to consider creating currency
State Sen. Bill Ketron is pushing for Tennessee to study whether the state should create its own currency in the event of a breakdown of the Federal Reserve.
Bloomberg: U.S. Stock Futures Erase Gain Following Report of Libya Oil Fire
BusinessInsider: The 15 Cities With The Most Underwater Mortgages
CNNMoney: How cheap houses spell bad news
Houses look more affordable than ever. But prices will have to fall further before many Americans can actually afford to buy one.
FTAlphaville: A Greek diaspora bond odyssey
NakedCapitalism: Shades of 2007: Synthetic Junk Bonds
TheEconomist: What to do with all these cheap humans?
(thanks to Global Glass Onion for the links this morning. )

Peak oil and Energy News
Bloomberg: Saudi Arabia's `Day of Rage' Lures Record Bets on $200 Oil: Chart of Day
Politico: GOP steps up attacks on Obama energy policy
ZeroHedge: Plumes Of Black Smoke Rising From Area Around Es Sider Oil Terminal

DailyCrux: Dr. Doom Roubini: Soaring oil could push the world back into recession (just a bit of confusion on my part, but when did it ever get OUT of recession in the first place?)

Environmental News
ExtinctionProtocol: Trigger: 7.2 earthquake and massive tremors hit Honshu Japan
ExtinctionProtocol: Vanishing Lakes: New Zealand reservoir mysteriously disappears during quake (video)
ForeignPolicy: China's Big Dam Problem
Chinese rulers have always tried to control their country's massive rivers. But will they be overwhelmed by the environmental backlash?

Food and Water
Ellen53 has started a wonderful blog called "Living on Stored Foods" she is going to be eating nothing but stored foods for 46 days and blogging about her menus and recipes and experiences with it. We'll be following her adventures here with great interest and hope that everyone will go to her blog and follow along too! Good Luck Ellen!
FarmWars: Scientists Under Attack For Speaking Out About Genetic Engineering - Scientists under Attack for speaking out Video

War, Conflict and Terrorism
GoogleHosted: Gbagbo is 'plundering' Ivory Coast cocoa, says France

Police State, Big Brother, Surveillance
WashingtonPost: Sri Lanka urged to end detention without trial
COLOMBO, Sri Lanka -- An international human rights group urged Sri Lanka's government on Wednesday to release hundreds of prisoners held without charge under the country's tough anti-terror laws.
BlackListedNews: DHS Concludes They Have Authority to Monitor Political Activities of Advocacy Groups 
ForeignPolicy:Identification, Please
In the developed world, high-tech personal IDs are the stuff of Orwellian dystopia. But for everyone else, they could be a path to a happier, healthier, less precarious life.

Science and Technology
A beautiful landing today, the last flight of the Shuttle Discovery.
NatGeo: Space Shuttle Discovery: Final Flight in Pictures

Medical and Health
Reuters: Two-thirds of states cut mental healthcare funds: advocacy group
(Reuters) - Two-thirds of states cut mental health funding from their general fund budgets over the last two years, according to a report released by a mental illness advocacy group on Wednesday.

Other News
WashingtonPost: NPR exec calls tea party members racist, xenophobic in secretly recorded video
WashingtonPost: Japanese Americans: House hearings on radical Islam 'sinister'
CNN: Al Qaeda trying to radicalize U.S. Muslims, congressman claims
Washington (CNN) -- The U.S. congressman set to hold hearings this week on "radicalization in the American Muslim community" wants Americans to find out how much al Qaeda is trying to influence U.S. Muslims, he told CNN Wednesday.

"I want to determine the extent to which that radicalization is taking place, the extent to which Muslim leaders are cooperating (with authorities) in trying to stop that radicalization," Rep. Peter King, R-New York, said on CNN's "American Morning."
TruthOut: The GOP Takes Its War on Women to the States

The Forums
TinfoilPalace: Seals Now Washing Up On The Jersey Shore
TinfoilPalace: Linda Nelson: GOM Victim, Deceased as of Yesterday
TheOilAge: Living on Stored Food Blog
Hubberts-Arms: How they're going to feed the masses more efficiently - Quorn
Hubberts-Arms: Saudi "Day of Rage" planned for 11 March
SilentCountry: Goldman says SA has no spare capacity, has been over producing
SilentCountry: Loan Modification (Making Home Affordable) Program = Bullshit


  1. pam, that CNBC article about welfare making up 35% of national income set off my bullshit alarm...i went to the trimtabs site and couldnt find the methodology, and cant put my hands on the numbers quckly by search...but calling social security and medicare welfare is just wrong; most people have been paying into those programs as insurance against aging for 40 years; to call them welfare is to call all insurance welfare...and the social security trust fund is separate from the general fund, invested in treasuries, & fully funded until 2037...

    bankster payroll for the 8 largest banks alone is $130 billion...

  2. I agree rjs. Totally.
    I wanted to post it to let people get an idea about how these subjects are being framed in the media. Calling some of those things welfare is just wrong but I think we can agree that the ultimate goal is to privatize SS. They will keep at it till they either destroy it and then privatize it, or just privatize it.
    Diabolical isn't it?

  3. yep...& i already sent the trimtabs note around so it will get a proper public debunking...