Monday, April 25, 2011

Breaking News Mon. April 25, 2011

Just want to apologize for missing yesterday. The headache that had been nagging me for a couple days decided to turn into a once in a decade migraine! If I'd looked at a computer screen my head would have exploded! LOL
anyway, looks like we're headed into a busy week for news. Hope everyone had a great Easter and got a little gardening done. We're having a bad storm right now so I'm going to go ahead and post this, just in case!

Just an observation. The news coming out about Japan is fast fading from the main new sites. Probably one of the most important stories of our time and it's disappearing. When the disaster first happened, I couldn't keep up with the news. It was one story after another as fast as you could read them. And now they are much much fewer and farther between.  I want to thank rj at Global Glass Onion for the two links below.

NakedCapitalism: Guest Post: Radiation Expert Says “Sr-90 and Uranium and Particulates Will Be Building Up in the USA and Europe … For Now I Think It Prudent To Stop Drinking Milk”
LWH: Hi-res photographic proof reactor core exploded at unit 3 

UPI: Health risks numerous near nuclear plant Some experts believe the Fukushima crisis is more serious than that resulting from an explosion at Ukraine's Chernobyl power plant 25 years ago, the Mainichi Daily News reorted Monday.
Global Conflict

WashingtonPost: Mass graves in Mexico reveal new levels of savagery
SAN FERNANDO, Mexico — At the largest mass grave site ever found in Mexico, where 177 bodies have been pulled from deep pits, authorities say they have recovered few bullet casings and little evidence that the dead were killed with a gun.
Time: Yemen in Crisis: Last Impasse Before the Storm?
WashingtonPost: Taliban dig tunnel to free prisoners from Kandahar jail
LAT: With 300 protesters dead, group seeks sanctions against SyriaHuman Rights Watch has called for travel bans, the freezing of assets and other international sanctions against Syrian officials who allegedly had a role in killing hundreds of protesters. Activists say 120 were killed by Syrian security forces in two days alone.
Guardian: New Irish terror groups are threat to UK, warn police
BBC: Nigeria election violence 'left more than 500 dead'Ruins of a market in the town of Zonkwa The town of Zonkwa in Kaduna state witnessed some of the worst violence
WashingtonPost: Bomb explodes outside Baghdad church on Easter Sunday, wounding 7
Economist: AFTER months of protests, Yemen’s president, Ali Abdullah Saleh has agreed to step down within 30 days. Whether he will actually go remains to be seen.
BBC: Libya crisis: Powerful blasts shake TripoliLoud explosions have rocked the Libyan capital Tripoli, briefly putting three TV stations off the air, as Nato jets overflew the city.
BBC: 'New phase' in NATO strategy as Gaddafi's compound bombed

Financial News

WSJ:MarketWatch: IMF bombshell: Age of America nears end
Commentary: China’s economy will surpass the U.S. in 2016
WonkRoom: Undocumented Immigrants Paid $11.2 Billion In Taxes While GE Paid Nothing 
MyBudget360: Student loan shark industry  
total revolving debt contracts during recession while student loan debt increases by a stunning 80 percent on an annual basis. A college degree for working at McDonald’s?
MyBudget360: Low wage capitalism
 Newly added jobs are coming from lower paying sectors while productivity increases and profits filter to the top of the economic class. 3,500,000 high-wage jobs lost during recession and only 179,000 have been added so far.
ZeroHedge: China Proposes To Cut Two Thirds Of Its $3 Trillion In USD Holdings
All those who were hoping global stock markets would surge tomorrow based on a ridiculous rumor that China would revalue the CNY by 10% will have to wait. Instead, China has decided to serve the world another surprise. Following last week's announcement by PBoC Governor Zhou (Where's Waldo) Xiaochuan that the country's excessive stockpile of USD reserves has to be urgently diversified, today we get a sense of just how big the upcoming Chinese defection from the "buy US debt" Nash equilibrium will be. Not surprisingly, China appears to be getting ready to cut its USD reserves by roughly the amount of dollars that was recently printed by the Fed, or $2 trilion or so. And to think that this comes just as news that the Japanese pension fund will soon be dumping who knows what. So, once again, how about that "end of QE" again?

BusinessInsider: China Orders Bank Stress Tests That Factor In A Massive, 50% Collapse In Housing PricesThere are stress tests, and there are stress tests. And it sounds as though China is conducting the latter.
According to FT, the country's banks have been ordered to assess their viability if real estate fell 50%.
NYT: Let’s Take a Hike, by Paul Krugman - When I listen to current discussions of the federal budget, the message I hear sounds like this: We’re in crisis! We must take drastic action immediately!  You have to wonder: If things are that serious, shouldn’t we be raising taxes, not cutting them? ...
Independent: God's bankers: How evangelical Christianity is taking a hold of the City of London’s financial institutions
Alex Preston asks how the disciples of evangelical Christianity reconcile their faith with the avarice of high finance
BusinessInsider: CHART OF THE DAY: The Dollar's Ominous New Record
Bloomberg: Sales of New Homes in U.S. Rose 11.1% in March to 300,000 Rate 
WSJ: Q&A: Bank of Japan Gov. Shirakawa Discusses Japan Economy 
TheNation: The Issue is Jobs, Not Deficit Reduction Republicans never cared about deficit reduction when George Bush was president.
And, for the most part, they don't care now -- as evidenced by broad GOP support for House Budget Committee chair Paul Ryan's plan to keep the budget out of balance until 2040 while clearing the way to begin streaming federal Social Security and Medicare and Medicaid dollars into the coffers of Wall Street speculators and insurance-industry profiteers.
CreditWritedowns: China May Add Fuel to Commodity Rally
BusinessInsider: Did The Doomsayers Just Get Cover-Jinxed?
We can't help but notice that it coincides with a shockingly peaky move in silver (the doomers' metal of choice) followed by a really swift decline.

Peak oil and Energy News
EnergyBulletin: Surprise, surprise! Iraq war was about oil

Cryptogon: More Drivers Running Out Of Gas 
CNN: Gas prices rising more slowly, might have peaked 
ABCNews: High Gas Prices Mean Record Profits for Big Oil 
PeakOilNews: IEA: The age of cheap energy is over

Environmental News

EnergyBulletin: Exclusive: Plants and animals join forces with climate change deniers
Thanks to the Ozarker at Conflicted Doomer for the above link!
Cryptogon: USDA Moves to Let Monsanto Perform Its Own Environmental Impact Studies on GMOs
NatGeo: Europe Starting to Dive Under Africa?New subduction zone may increase quake risk in the Mediterranean, expert says.
2011 April 24 23:07:51 UTC 

Bloomberg: Tsunami Speeds ‘Terminal Decline’ of Japan’s Fishing IndustryThe wreckage of a 379-metric ton tuna boat blocks the road to the deserted fish market in Kesennuma, once Japan’s largest port for bonito and swordfish. Even after the debris from last month’s tsunami has been cleared away, the industry may never recover.
SFGate: Pot wars: Private land new frontier in CaliforniaA little-spoken-of war is taking place behind California's fences and property lines: Trespassing marijuana growers are setting booby traps, resorting to violence and vandalism, and spoiling the land by stealing water and spraying dangerous chemicals that leach into streams.

America in Decline

SHTFPlan: Staggering Security Holes In Power, Water, and Oil Grid Infrastructure; 40% of Utility Companies Expect to Be Attacked in the Next 12 Months

BlackListedNews: The Orwellian Internet Surveillance Noose: No Privacy, No Place to Hide... 
LAProgressive: More Black Men Now in Prison System than Enslaved in 1850 
PShannon: Madness: Right-Wingers Are Serious About Trying to Undermine Child Labor Laws
BlackListedNews: Military patrols start Friday night in downtown Columbus
Starting at 10 o'clock Friday, two senior non-commissioned officers from Fort Benning will be on courtesy patrol.  The soldiers will be wearing arm bands that read, "Courtesy Patrol." 

Food and Water

CSMonitor: Eight keys to growing great vegetables

To successfully grow vegetables in your home garden, follow these eight tips.

Science and Technology

ArchaeologyNewsnetwork: Scientists abuzz over rumor that God Particle has been detectedA rumor is floating around the physics community that the world's largest atom smasher may have detected a long-sought subatomic particle called the Higgs boson, also known as the "God particle."

Cryptogon: Obama on Manning: “He Broke the Law.” So Much for that Trial?

WiredDangerRoom: Sega Bombs, Magnet Mines: Terror Tech from WikiLeaks’ Gitmo Files

Other News 

WashingtonPost: Five myths about church and state in America
AmericanDream: What Is The Best U.S. State To Move To If You Want To Insulate Yourself From The Coming Economic Meltdown? 
RealitySandwich: Terence McKenna's Final Earthbound Interview 
WashingtonPost: Spring brings growth of regional public bicycle program Capital Bikeshare 
BusinessInsider: Steve Jobs On Location Data: "We Don't Track Anyone" 

The Forums

TinfoilPalace: Utter Deception In The Food We Eat 
TinfoilPalace: Homeless woman prosecuted for enrolling son in Conn. school - may face 20 years jail
TheOilAge: Demo against Tesco store in Bristol, UK, turns to riot
TheOilAge: Extending the plateau
Hubberts-Arms: Nearly one-third of Canadians don't have enough money to live on - survey
Hubberts-Arms: 3 Japanese banks, about to eat 160billion in losses on their TEPCO stock.
SilentCountry: America, Meet Tipping point
SilentCountry: Weird Japanese Earthquake Aftereffects Video

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