Friday, April 22, 2011

Breaking News Fri. April 22, 2012

I hope you guys get to put a little seed in the ground where you are today.
My grandma used to say that whatever you planted on Good Friday would come up in 3 days.
If you live in a climate that allows it, give it a try.
Sorry about the video below that auto plays. I couldn't find the code to make it stop doing that but left the video because it is important. It's not very long anyway.
Read the CNN article in Peak Oil News called Welcome to the era of 'extreme energy'
It's exactly what we've been talking about for years now. Peak Oil, regardless of what they choose to call it, is upon us.

Don't forget to check out Global Glass Onion's weekly financial wrap-up and tell him hello!

BBC: Japan approves disaster relief budget
The Japanese government has approved a 4 trillion yen ($48.9bn; £29.6bn) emergency budget for disaster relief, after March's earthquake and tsunami.
CSMonitor: Toyota: Car production disrupted until end of 2011Following the disasters in Japan, the Japanese automaker Toyota won't resume normal production until November or December
TruthOut: Fukushima Residents Seek Answers Amid Mixed Signals From Media, TEPCO and Government

Global Conflict
VOA: Middle East In Transition

Thousands Protest Government Across Syria 
ZeroHedge: First Person Account From Inside The China ProtestsOver the past two days we reported (here and here) on the Shanghai trucker protests over high has prices and low wages, which from peaceful promptly turned violent as more people joined the clashes against police (it appears only in America do people not protest these things). Today we present a first person recount of what is really happening in China, as unfortunately nothing coming out of the world's "fastest growing" economy can be relied upon.

JerusalemPost:Hezbollah terror attack on Israelis abroad ‘is imminent’
Guardian: Syria troops kill protesters in country's bloodiest day of turmoil
Dozens reportedly killed as live bullets and teargas used against rallies after Friday prayers

Time: Iran vs. Iraq: Why Tehran is Nervous about Iraqi Oil 
ZeroHedge: China Inflation And Wage Protests Spread, Turn Violent
TheTelegraph: Police injured in Bristol riot 

Eight police officers have been hurt as missiles were thrown and fires started during a night of unrest in Bristol.
Alternet: US mulls 'keeping 10,000 troops in Iraq'
US and Iraqi officials are looking into keeping 10,000 US troops in the country beyond a year's end deadline for a complete withdrawal, the Wall Street Journal reported Friday.
ActivistPost: Warning Signs Over Old Siam
Wall Street Journal article signaling uptick in Thai-globalist agenda.
NPR: Syrian Forces, Protesters Face Off On 'Great Friday'
ZeroHedge: Greece "Velvet Restructuring" Imminent, Blames Upcoming Second Bankruptcy On Citigroup Trader

Financial News

EconomicsofContempt: Sheila Bair for CFPB Director (Really) 
The White House is evidently having trouble finding a nominee for director of the Consumer Financial Protection Bureau (CFPB).
CNNMoney: Europe at the precipice
Here's an unhappy early Easter thought: The financial crisis is about to be reborn in Europe.
TruthDig: The New Corporate World Order
The debate over Republicans’ insistence on continued tax breaks for the superrich and the corporations they run should come to a screeching halt with the report in Tuesday’s Wall Street Journal headlined “Big U.S. Firms Shift Hiring Abroad.” Those tax breaks over the past decade, leaving some corporations such as General Electric to pay no taxes at all, were supposed to lead to job creation, but just the opposite has occurred. As the WSJ put it, the multinational companies “cut their work forces in the U.S. by 2.9 million during the 2000s while increasing employment overseas by 2.4 million, new data from the U.S. Commerce Department show.”
CaseyResearch: Debunking Anti-Gold Propaganda
A meme is now circulating that gold is in a bubble and that it's time for the wise investor to sell. To me, that’s a ridiculous notion. Certainly a premature one.
CalculatedRISK: Other House Price Indexes
TheEconomist: Gross external debt
According to figures from the IMF and the World Bank, gross external debt exceeded 100% of GDP in many rich countries at the end of the final quarter of 2010.
WSJ: World Is Bitten By the Gold Bug 
BusinessInsider: Ellen Zentner On The One Economic Indicator That's Still Dodging BulletsAs we keep talking about, much of the data has been coming in on the weak side lately.
The double-dip talk is back.

Peak oil and Energy News
An absolute MUST read article!

CNN: Welcome to the era of 'extreme energy'
Fort McKay, Alberta (CNN) -- Celina Harpe was 7 when her grandfather made a prediction that would forever change her life.
"I won't see it, I'm too old now, but it's going to be really bad," she recalls him saying on a warm summer night after returning from a moose hunt. The two were standing on a hill that overlooks the birch-and-spruce-lined river here in far northwest Canada.
"You see these plants and this water we've got? That's going to be all polluted. You're going to have to buy water -- and water is life.
"Mother Earth is going to be all torn up."
CBSPittsburgh: More Drivers Running Out Of GasWith gas prices pushing $4 a gallon, a lot of people are trying to stretch their dollar at the gas pump, but some of them are trying to stretch it a little too far.
Since the beginning of March, AAA has seen an 18 percent increase in the number of roadside calls for people running out of gas.
EarlyWarning: Wow, Just Wow.The above is Table (at the link) 3.1 of the IMF World Economic Outlook, with added orange boxes.  I've tended to be an inelasticity hawk, but these numbers are really eye-popping.  -0.007 for emerging market price inelasticity! 
Energy.Gov: Study: Algae Could Replace 17% of U.S. Oil Imports 
Every day, the United States spends about $1 billion to import foreign oil, money that we could be investing in American energy and the American economy.
 CNBC: $6 Gas? Could Happen if Dollar Keeps Getting Weaker - A dollar plumbing three-year lows is hitting Americans squarely in the gas tank, and one economist thinks it could drive prices as high as $6 a gallon or more by summertime under the right conditions.
Reuters: Analysis: Saudis in tough act to balance sweet-sour crude supply
(Reuters) - Saudi Arabia and other OPEC producers are having to play a difficult balancing act in keeping high oil prices from eroding demand while at the same time protecting the value of their lower-priced, more sulphurous crude.

Environmental News
BBC: Christchurch earthquake: Diary from Sumner
Surfers, weekend trippers, the elderly and young children - many have left Christchurch in the two months since the quake, leaving it feeling a little too quiet and empty.
Grist: Yesterday’s fracking blowout: What happened, and will it happen again?Yesterday, on the one-year anniversary of the BP oil spill, a natural gas well in Bradford County, Pennsylvania -- perhaps suffering from an overload of irony -- ruptured and leaked "thousands and thousands of gallons" of fracking fluid over the surrounding farmland and into a nearby creek. Officials say no gas was released, but local land and waterways were contaminated in a community that depends on farming for its livelihood.
Guardian: Activists occupy oil rig in fight to prevent Arctic drilling

Environmental groups fear oil industry is not prepared for potentially catastrophic impact of oil spills in the Arctic
MotherJones: From the vault! If you drink FIJIWater you might want to read this articleObama sips it. Paris Hilton loves it. Mary J. Blige won't sing without it. How did a plastic water bottle, imported from a military dictatorship thousands of miles away, become the epitome of cool?

America in Decline
FDL: Obama to Pre-Schoolers: Sorry I Had to Fire Your Teacher, But Now I Can Buy Almost 1/50th of a Tomahawk Missile

DailyBail: Senator Who Created The TSA, Now Wants It Abolished 
AmericanDream: 10 Examples That Should Convince Anyone That We No Longer Live In The Land Of The Free And The Home Of The BraveDo you know people that still believe that America is a free country?  Do you have friends or family that are proud to live in "the land of the free and the home of the brave"?  If you do, just show them this article. 

SeattleTimes: Alleged neo-Nazi charged with hate crime in Spokane bomb plotA federal grand jury in Spokane has added a federal hate crime to the charges pending against Kevin William Harpham, a white supremacist suspected of planting a deadly backpack bomb along the city's Martin Luther King Jr. parade route.
ActivistPost: Homeland Security Black Helicopters Seen In Drill Over Downtown Miami (Video)Miami-Dade County seems to have become a staging ground in preparation of a militarized police state.  The latest event was reported on by The Miami-Herald when a scene right out of the movie Conspiracy Theory led residents to start Tweeting about "pitch black" military helicopters dropping men onto buildings, including the Bank of America building, beginning around 9:15 p.m. as witnessed in the video below.
MiamiHerald: Military choppers startle downtown Miami
ActivistPost: Are You Scared Yet? Big Sis To Beam Terror Warnings To Your iPhoneThe Department of Homeland Security is beefing up it’s terror alert warning system in a move that will see terror alerts, whether real or phony, issued via the mainstream media and directly to your phone or computer over social networking sites, and even via Emergency Alert broadcasts.
WashingtonPost: Judge cancels hearing on Twitter users’ challenge to feds’ WikiLeaks investigation in Va.
ALEXANDRIA, Va. — A court hearing challenging the government’s tactics in a criminal investigation of the WikiLeaks website has been canceled.
Three Twitter users are challenging the government’s attempts to obtain some of their account information as part of a wider probe into WikiLeaks and its founder, Julian Assange. 

Food and Water

ACBNews: Top 15 Least Contaminated Fruits, Vegetables

Science and Technology
GizMag: Laser igniters could spell the end for the humble spark plug

RawStory: Amazon hosting issues knock websites offline
WiredDangerRoom: This Man Is Not an Agent of Self-Aware Killer Drones
Dick Stottler is the 47-year old founder of a California software company specializing in artificial intelligence. The Air Force wants him to teach its drones to anticipate the movements of human pilots. Which raises an obvious question: is he preparing the robots to rebel against their human masters?
“No, I am not,” Stottler promises. He doesn’t look forward to the robot apocalypse, “other than the fact that such things are not technologically possible.” A robot sympathizer would want us to think that, of course. But let’s drop it for now. 
ScientificAmerican: Deep Freeze: Mars Orbiter Finds Massive Stores of Buried Dry Ice
Radar soundings point to huge deposits of carbon dioxide near the Red Planet's south pole, which may have once contributed to a different climate

Medical and Health
OutsideTheBeltway: Pesticide Exposure Leads to Lower IQs in Children

Archeologytoday: Veteran psychologist explains our 'Lust for Blood'We are fascinated with the lurid details of sensational murder trials. Horror fiction and slasher movies thrill us - the gorier the better.

Other News
VOA: US Website Claims Attack by China-Based Hackers

TruthOut: Is the World Too Big to Fail? The Contours of Global Order
MonstersandCritics: Philippines marks Good Friday with crucifixions, bloody rituals  
Alternet: 'Disappointed' supporters greet Obama in California
Hundreds of protesters, mostly Hispanics demanding immigration reform, gathered to vent their disappointment with US President Barack Obama as he visited California.

USAToday: Quran-burning pastor accidentally fires gun on eve of Mich. anti-Muslim rally
WashingtonPost: Ayn Rand’s adult-onset adolescenceThe movie “Atlas Shrugged,” adapted from Ayn Rand’s 1957 novel by the same name, is a triumph of cinematic irony. A work that lectures us endlessly on the moral superiority of heroic achievement is itself a model of mediocrity. In this, the film perfectly reflects both the novel and the mind behind it.
Physorg: Russians 'never, ever had sex in space': officialRussian or Soviet cosmonauts never had sex in space in the 50 years of human exploration of the cosmos. And that's official, according to a Russian expert. As for Americans, well, you'd better ask them.
BusinessInsider: Glenn Beck And Bill O'Reilly: MSNBC Only Exists To Humiliate Conservatives
TruthDig: Book Review: The Abu Ghraib Photos You Haven’t Seen 
TexasTribune: Texas Governor Declares Weekend of Prayer for Rain 

The Forums

TinfoilPalace: Pesticides  
TinfoilPalace: Thus we drift towards unparallelled catastrophe..................Dr Helen Caldicott
TheOilAge: China set to unearth shale power
TheOilAge: The Bernank to hold 1st ever Fed press conference on Apr 27
Hubberts-Arms: Well, aint that some s**t?
Hubberts-Arms: Jobless rate for young workers in US highest since 1948
SilentCountry: The vatican, the pope and usa's 'justified wars' ....
SilentCountry: America's Ten Worst Years, Starting......NOW

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