thanks as always to our two blog angels the Ozarker at Conflicted Doomer and
RJ at Global Glass Onion. They send good stuff! Check out their blogs and tell them hello.
Japan
WSJ: Tepco Prepares to Face Shareholders
ExtinctionProtocol: Cracking under the strain: Japan suicide rates jump after disaster
CNN: Magnitude-6.7 quake rattles northern Japan
Global Conflict
Time: The Crusaders of Meth: Mexico's Deadly Knights Templar
At first, the amateur video shows a normal evening in the seething valley town of Apatzingán, in Mexico's western Michoacán state. But as residents and stall owners mix jovially on the sidewalk, the calm is broken by the sudden, sinister appearance of masked men gripping machine guns mounted on more than 50 pickup trucks, Hummers and Jeeps. The gangsters cruise openly down Apatzingán's main drag, a frightening show of force even by the brutal standards of Mexico's drug-war bloodbath. The propaganda video was sent to media outlets by the newest players in that conflict, the bizarrely named Caballeros Templarios, or the Knights Templar. As the name suggests, these narcos are inspired by the Jerusalem-based crusaders who fought in the name of Christ between 1119 and 1312, when the Pope banned them. But unlike their medieval idols, these thugs cook up methamphetamines, or crystal meth, and have left scores of mutilated corpses strewn about Michoacán since emerging as a group in March.CNN: Drug lord's capture means demise of La Familia cartel, experts say
CNN: Clinton on Libya: 'Whose side are you on?'
DesdemonaDespair: Pentagon crosses $1 trillion threshold in war on terror spending
NPR: Troops Hope Most 'Trigger-Pullers' Stay As Withdrawal Begins
CounterPunch: The Myth of Precision-Guided CoercionAt the end of May the British press was filled with stories headlined "Gaddafi to be told to stand down or face Apache attack." As of this writing, the Apaches have attacked, but Gaddafi has not stood down.
ABCNews: As Troops Come Home, Wall Street Looks to Hire
VOA: Egypt Jails 3 Accused of Spying for Israel
Aljazeera: Missing Iraq cash 'as high as $18bn'Iraq's parliament speaker tells Al Jazeera unaccounted reconstruction money is three times the reported $6.6bn.
CNNMoney: Troop drawdown won't stop spending machine
SeattleTimes: Karzai: Afghan youth to lead as US troops goAfghan President Hamid Karzai said Thursday his nation's youth will stand up and defend the country as the U.S. begins to pull troops out, while the Taliban promised to fight as long as foreign soldiers remain.
CSMonitor: Obama details plan to withdraw US troops from Afghanistan
President Obama announced that the US troop withdrawal from Afghanistan will begin with 10,000 troops this year, plus another 23,000 by the end of next summer. Gains have been made against the Taliban, he said, but the fight against al Qaeda will continue wherever necessary.
MaxKeiser: Break out the teargas!
Greece Tensions Escalate As Labor Unions Call For Two Day General Strike On June 28-29 To Celebrate Austerity Vote
WashingtonPost: Member of Ahmadinejad circle arrested in Iran
Financial News
CBSNews: GOP leader Cantor says deficit talks at an impasse
JOC: Maersk Sees Demand Slip in June
DailyBail: MUST READ: Activist Sunny Sheu Killed After Reporting Death Threat From NY Foreclosure Judge Joseph Golia
Guardian: World's wealthiest people now richer than before the credit crunchWorld Wealth Report reveals soaring numbers of rich individuals in Asia Pacific region – but slower growth in Britain
WashingtonPost: Why the rich want to get richer
Politico: CBO: Debt could grow to double GDP
MSNBC: Airbus claims 'biggest order in aviation history'Indian low-cost carrier orders 18o aircraft from Boeing rival
Reuters: IMF says crisis, slow recovery key risks for Spain
BusinessInsider: CHART OF THE DAY: CBO: If Politicians Made No Changes, The Debt Problem Would Go Away
MyBudget360: The systematic financial pillaging of the middle class
Millionaires don’t feel rich unless they have $7.5 million while 45 million Americans live on food stamps. Another 50 percent cannot come up with $2,000 in the next 30 days.
DailyBail: Number Of Millionaires Hits All-Time High, Too Big To Fail Or Too Stupid To Stop, Controller Halts Pay For California Lawmakers, From The Idiotic Mouths Of Bankers, Severe Tritium Leaks Found At 75% Of U.S. Nuke Sites (15 Links)
PBSNewsour: Is Your Pension Safe? States Struggle With Pricey Challenges
TheTelegraph: Financial crisis: by numbersHere are some of the key numbers relating to Britain's financial crisis.
Reuters: Jobless claims rise more than expectedNew claims for unemployment benefits rose more than expected last week, a government report showed on Thursday, suggesting little improvement in the labor market this month after employment stumbled in May.
Forbes: Employers Really Do Like Older Employees…Really
Financial services companies and consultants love to do surveys. The cynic in me suggests their motivation is to show the need for their products. That said, I find they can be interesting reading about the state of the aging boomer workplace.
ZeroHedge: Jim Grant Says All The Things That Ben Bernanke Avoided During His Press Conference, And Much More
TaxPolicy: CBO Updates its Report on the Looming Debt Crisis
Every couple years, the Congressional Budget Office publishes a very scary document, The Long-Term Budget Outlook. As in previous reports, the conclusion is that a continuation of current policies would lead to an unsustainable increase in the national debt. Here’s how you read the report.
ZeroHedge: Guest Post: Trichet: Debt Crisis Is Flashing “Red” - Marc Faber Continues To Like Gold And Silver And Accumulating
CNBC: Study: $1400 Tax Hike Needed to Fund US Pensions
Guardian: Saab admits it cannot pay wages
Unions at Saab demand payment by Monday or they will start legal action that could end in bankruptcy for cash-strapped Swedish carmaker
Freakonomics: The Fed’s Wishful (And Wrong) Thinking About Unemployment
NakedCapitalism: Guest Post: Bernanke Is Either Not Very Bright or Not Very Honest. He Admits He Doesn’t Know Why We Have a Weak Economy … But He’s the One Who Weakened It
WSJ: Geithner: Big Banks Spend ‘Huge Amount to Erode’ Dodd-Frank Law
ZeroHedge: Yes, Another Crisis is Coming… and It Will Be MUCH Worse
DeptofLabor: UI Weekly Claims
EMPLOYMENT AND TRAINING ADMINISTRATION
WashingtonPost: CBO: We’ll only have giant deficits if Congress wants giant deficits
EconoSpeak: What really happened in the 1980s and where are we now?
CNNMoney: Jobless claims jump 9,000 in latest week
OurFuture: Source of Missing Jobs in America Found: Forced Laborers
With unemployment at a near historic high in the United States, could you imagine any American company bringing in foreign workers to work for them below the minimum wage and with no benefits? Most people would say no. But can you imagine those same Americans forcing foreign workers to stay here, with no pay, and constant abuse? That is actually happening in this country today.
Politico: Bernanke to Congress: Don't cut too much, too fast
MSNBC: Government layoffs slow cities' recoveriesSince 2007, 19 out of the 20 metropolitan areas with strongest economies gained government jobs
NYt: Some Greeks Fear Government Is Selling NationATHENS — They are the crown jewels of Greece’s socialist state, and they are now likely to go to the highest bidder: the ports of Piraeus and Thessaloniki; prime Mediterranean real estate; the national lottery; Greek Telecom; the postal bank and the national railway system.
WashingtonPost: SEC tightens reins on hedge funds
ABCNews: Postal Workers Alarmed About Their Retirement: 'Sheer Chaos' Over Account Cut, Worker Says
BusinessInsider: CHART OF THE DAY: Every Stock Trader Is Watching This Huge Level
DailyBeast: Will Work for 25 Cents an Hour!
How bad is the job market? Tom Weber chronicles the lowest hourly wage that Americans, and others around the world, will accept for an hour of work.
To find out this country’s real minimum wage—the market-proven low that U.S. workers will accept for an hour’s work—The Daily Beast designed an experiment. Over several weeks, we used Mechanical Turk, an online marketplace for freelance work operated by Amazon.com, to post simple, hour-long jobs to see how much or how little we’d need to pay workers.
Peak oil and Energy News
EnergyBulletin: Why localisation is a key part of the answer. An article from today’s Guardian online…
EScienceNews: University of Minnesota engineering researchers discover source for generating 'green' electricity
BusinessInsider: Gold And Oil Getting Killed Right Now, As Oil Falls Over 4% Since Bernanke Declared Deflation Dead
EarlyWarning: Oil Prices
MSNBC: Instant view: IEA to release 60 million bbls oil from reserves
WSJ: OIL FUTURES: Oil Plunges On IEA Plan To Open Strategic Reserves
NYT: Global Oil Reserves Tapped in Effort to Cut Cost at Pump
Bloomberg: Oil Tumbles to Four-Month Low After IEA Says It Will Tap Reserve
Environmental News
NatGeo: Farewell to a wild river
TheTelegraph: Ed Stafford, the man who walked the Amazon - interviewEd Stafford, the first man to walk the entire length of the Amazon, talks about starvation, machete-wielding tribesmen and flesh-eating parasites.
TheIndependent: Texas forces firms to open up on 'fracking'For years, the industry in the US has refused to declare what toxic chemicals it uses during fracking, a policy that has bred public mistrust and accusations of pollution
EnvironmentalEconomics: I personally don't believe in gravity, I choose to believe that we are held in place by the invisible hand, but why not teach both theories and let people choose?
For those who don't get the connection to our subject matter, substitute 'climate change' for 'evolution' and see whether the answers sound familiar.
LoonCommons: Relax Farmers: Climate Change is Good for You (Not)
Bloomberg: Transocean Blames BP for Deepwater Horizon Rig Disaster
ExtinctionProtocol: New harmonic tremor detected at Iceland’s Katla volcano
Wunderground: Flood waters from North Dakota's Souris River are pouring over the levees protecting Minot, North Dakota today, and flood heights are expected to rise to the highest levels in recorded history tonight.
DesdemonaDespair: Fastest sea-level rise in 2,000 years linked to increasing global temperatures
ABCNews: Sirens Blare as Flooding Hits North Dakota
NatGeo: The Oil Impact Continues on Louisiana’s Marshes
MotherJones: No Pesticide Permit? No Problem!
Grist: Will the EPA help farmers fight pesticide poisoning?
RollingStone: Climate of DenialCan science and the truth withstand the merchants of poison?
Bloomberg: Earth in the Balance, Humankind on the Edge: Nathan Myhrvold
CloserLook: More than 10,000 firefighters battle wildfires in 12 states
UKReuters: NRC tracking flooding at two Nebraska nuclear power plants
ClimateChangePsychology: June 22, 2011: Fort Calhoun has 2 feet of flood water in several areas of plant
Reuters: House OKs speed-up of Arctic oil/gas permittingThe House of Representatives passed legislation on Wednesday that would speed up approvals for drilling in the Arctic by removing regulatory hurdles that have stymied development of the area's vast oil and gas resources.
NYT: U.S. Asks E.U. for Emissions Exception for Airlines
PBS: Oceans Face Mass Extinctions, New Report Warns
America in Decline
TheNewYorker: Kissinger, China, and World DominationWill China take over the world? And if so, how soon? This was the subject of the Munk debate, a biannual public-policy forum sponsored by the Aurea Foundation, held in Toronto last Friday.
RawStory: U.S. allegedly spying on New York Times reporter James Risen
ReidReport: The right’s new fetish? Send the unemployed, welfare recipients, parolees into the fields
Talking up Texas, with its low-wage jobs boom… touting a survey that Americans will work for as little as a quarter … gutting unions and now this: the right wants to see more Americans laboring in the fields.NewRepublic: The State of the States in Developmental Disabilities: It's Not Good, Especially in Red States
Not Americans like them, of course. The “undesirable” kind: those who happen to be unemployed, receiving some form of welfare, or who have committed crimes. Americans love their cheap produce, and somebody’s got to pick it. So the country needs a readily available, large supply of cheap labor. Where to get it?
USAToday: Watch: Woman arrested in her front yard while videotaping police at a traffic stop
AmericanDream: Corruption In America
In the United States today, it is not just the economy that is crumbling. The entire fabric of society is coming apart as well. Literally almost wherever you look you can find rampant corruption in America.
CNN: North Carolina hearing explores history of forced sterilization
Deborah Chesson spoke through tears Wednesday as she addressed a North Carolina task force on behalf of her mother.CommonDreams: For Sale: The Desperate States of America
"I'm writing you with hopes that you will understand the pain, hurt and emptiness I still feel inside," she read.
"A social worker convinced my mom to sign for me to undergo an operation that would prevent me from getting pregnant, not knowing all the while that I was being set up to be sterilized like I was some kind of animal."
MotherJones: Surprise! TSA Is Searching Your Car, Subway, Ferry, Bus, AND Plane
Think you could avoid the TSA's body scanners and pat-downs by taking Amtrak? Think again. Even your daily commute isn't safe from TSA screenings. And because the TSA is working with Immigration and Customs Enforcement (ICE) and Border Patrol, you may have your immigration status examined along with your "junk".
CloserLook: Citizen arrested for videotaping police from front yard
Food and Water
M&C: Russia to expand food ban to include meat and dairy
Onearth: Why Supermarket Tomatoes Suck
tcktcktck: Oxfam International: New global food survey reveals rising food prices are changing what we eat
WSJ: G-20 Tackles Food Production
Boston.com: The scoop on rising food costsGlobal economic factors driving prices of things we need — and love
Good: Yes, There Are Pesticides on Organic Lettuce
Science and Technology
CSMonitor: Hidden sea on a Saturn moon? New evidence says yes.
Satellite Cassini flew through geyser plumes spouting from Enceladus and gathered ice crystals. These crystals are salt-rich, suggesting that a hidden salty sea lurks beneath Enceladus's icy cap.
KurzweilAI: Google: ‘At scale, everything breaks’
BBC: FBI targets cyber security scammers
A gang that made more than $72m (£45m) peddling fake security software has been shut down in a series of raids.
Virulent Word of Mouse: The Open Internet Order
After a year of hearings and considerable public discussion, the Federal Communications Commission (FCC) adopted the Open Internet Order on December 21, 2010.
Medical and Health
TechnologyReview: Human Genome Contaminated With Mycoplasma DNA
The discovery of alien DNA in the published human genome raises important questions about preventing 'virtual infections'
NYT: Unusual Traits Blended in Germany E. Coli Strain
The E. coli bacteria that killed dozens of people in Germany over the past month have a highly unusual combination of two traits and that may be what made the outbreak among the deadliest in recent history, scientists there are reporting.
CNN: Does life online give you 'popcorn brain'?
SOTT: Cocaine cut with levamisole, drug used to de-worm animals, causing users' skin to rot off
CNN: To avoid middle-age weight gain, drop the chips and hot dogs
TheChartCNN: Why you should never go to the hospital in July
BeforeItsNews: 25 Shocking Facts That Prove That The Entire U.S. Health Care Industry Has Become One Giant Money Making Scam
Doomsteading, Gardening, Urban Farming
FarmWars: Indoor Gardening with Gladys and Bernie
This year, Bernie and I are trying something new. We’re converting the spare bedroom into a year-round indoor garden.
ModernSurvivalBlog: 12,000 – Evacuation – Where Would You Go?
DoomerInCanada: This Little Piggy
Okay, maybe not so little. A picture says a thousand words, right? Enjoy.
WikiHow: How to Make Ramen Noodles Using a Coffee MakerOther News
SFGate: Man flies US Airways in women's underwear (Photo)
RawStory: Accused Boston crime boss ‘Whitey’ Bulger arrested
Slate: Newt's Million-Dollar BlunderDid Tiffany's give Gingrich a sweetheart deal? Or could you too get a $1 million credit line?
NYT: My Life as an Undocumented Immigrant
The Forums
TinfoilPalace:30 'Missing' workers from Fukushima.
TinfoilPalace:Are You Ready? (FEMA)
TheOilAge:The world is burning, and we can't do anything about it...
TheOilAge:what types of people are in your ideal survival colony
Hubberts-Arms:The ultimate example of human ignorance: "Cigarette warnings getting graphic"
Hubberts-Arms:World's oceans in 'shocking' decline
SilentCountry:The EXTINCTION LEVEL EVENT is upon us...abandon hope
SilentCountry:It's never gonna be 2006 again.
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