I'd like to recommend the following Max Keiser report.
I hope everyone is having a good first day of June. It has clouded up somewhat here and hopefully it won't get as terribly hot as it has been.Much thanks to rj at Global Glass Onion and the Ozarker at Conflicted Doomer for their generous help in finding pertinent stories for us today. Make sure to stop by their excellent blogs and say hello.
Thank you guys!
And thank you to everyone who visits this blog. I hope that it helps people get a better idea about what is going on and what they need to do to protect themselves and their loved ones.
In the end, that's all that matter isn't it?
Now for the news.
Japan
MSNBC: The hollowing out of Japan’s auto industry
Manufacturers rethink strategy after devastating quake, tsunami
NakedCapitalism: Guest Post: Update on the Japanese Nuclear Crisis … Not a Pretty Picture
Experts have long said that Tepco’s projections for containing the nuclear crisis this year were unrealistic. Now, even Tepco is admitting that things won’t be stabilized this year. As Kyodo News reports:
ABCNews: Japan Nuclear Crisis: Retirees Volunteer for Fukushima Duty
Global Conflict
BeforeItsNews: Egyptian army defends performing "virginity" tests on women protestors
TheAtlantic: An Inopportune Moment to Launch the New Seymour Hersh Piece
Sy Hersh has a new piece out (no link available) arguing that there is no evidence that Iran is building nuclear weapons. Politico reports that the White House is "pushing back strongly, with one senior official saying the article garnered 'a collective eye roll'" inside the Administration.
TheAtlantic: Vogue Missed This Aspect of the Syria Story
Recounting what he believes was at least 10 days spent in the hands of Syria's military intelligence service, the man said he was beaten and shocked, kept naked and blindfolded in a room packed with detainees and excrement, and listened as his 17-year-old cousin was burned with a poker. He was asked to kneel in prayer to a portrait of Syrian President Bashar al-Assad.
Reuters: U.S. arms makers said to be bleeding secrets to cyber foes
Top Pentagon contractors have been bleeding secrets for years as a result of penetrations of their computer networks, current and former national security officials say.
Guardian: Iranian activist dies in scuffle at her father's funeral
Haleh Sahabi, daughter of veteran dissident Ezatollah Sahabi, reportedly clashed with security forces
BBC: Libya conflict: Nato extends mission by 90 days
BBC: US Pentagon to treat cyber-attacks as 'acts of war'
The US is set to publish plans that will categorise cyber-attacks as acts of war, the Pentagon says.
Financial News
CNBC: The Stupidity of Hope: Greece Is Still Going to Default
WSJ: ISM Joins Disappointment Parade, Lowest Since Sept. ’09
CuriousCapitalist: Will Asia's cool down slow down the world economy?
EUROIntelligence: News flash from Germany: IMF won’t pay for Greece
Frankfurter Allgemeine Zeitung reports that it is almost sure now that the IMF will not be able to continue to pay for Greece after June 29 and that three options are being discussed, one of which – the bankruptcy of Greece – is wanted by no one. The second option is to use the Commission’s EFSM to take over the billions the IMF would have paid for otherwise.
ZeroHedge: Goldman Cuts NFP Forecast To 100,000 - Sheer Panic On Wall Street As The Heroin Addicts Demand QE3 NOW
Not even 5 mintues ago we predicted that Goldman would lower its 150,000 NFP forecast to 125,000. Well, even we were off. Hatzius just cut his Friday NFP forecast to 100,000.
TooMuchOnline: Madison Ave. Declares ‘Mass Affluence’ Over
The American middle class, concludes a new study from the ad industry’s top trade journal, has essentially become irrelevant. In a deeply unequal America, if you don’t make $200,000, you don’t matter.
Guardian: Manufacturing gloom is moving UK closer to double-dip recession
With firms' order books on a downward trajectory, and mortgage demand going the same way, Britain's recovery is in tatters
CalculatedRisk: Real House Prices and Price-to-Rent: Back to 1999
MaxKeiser: Australian GDP tumbles most since 1991 on climate catastrophe
ABCNews: Congress Mulls Cuts to Food Stamps Program Amid Record Number of Recipients
WSJ: Belarus Asks for New IMF Loan
Reuters: Smart Money: Hedge funds sell faltering U.S. banks
The recovery of Citigroup and Bank of America provided famed hedge fund managers like Lee Ainslie and Jeff Altman some of their biggest gains last year, but now the smart money is getting out while the getting is good.
BusinessInsider: Wish You Could Fly A Chopper To A Baseball Game? See What It's Like To Be Governor Chris Christie
BusinessInsider: Paul Krugman: The Eurozone Is Now In "Meltdown Territory"
ZeroHedge: Silver Eagles Sales Through May Best Since 1986, Turkish Silver Bullion Imports Surge
AmericanDream: 40 Signs The Chinese Economy Is Beating The Living Daylights Out Of The U.S. Economy
MyBudget360: The secretive workings of the central banking syndicate
Federal Reserve balance sheet reaches another record. Fighting monetary inflation by creating it.
ZeroHedge: "Anonymous" Hackers Target IMF Over Greece "Bailout"
ZeroHedge: Billion Dollar Fund Managers Agree:
The Government Never Fixed the Underlying Economic Problems, So We'll Have Another Crash
Bloomberg: Mobius Says Another Financial Crisis ‘Around The Corner’
Cryptogon: Libya Lost $1.3 Billion on Options Trades Done with Goldman Sachs
ZeroHedge: Today's Economic Data Docket - Plunging ISM, Weak ADP, Collapsing Car Sales
WSJ: Asian Growth Engine Is Slowing
Expansion Robust in India and China, but Gains Are Slower; South Korean Core Inflation Quickens
Guardian: Mental health experts warn against pace of incapacity benefit cuts
Open letter to Guardian suggests changes to welfare system are having 'devastating' impact, driving some to suicide attempts
NakedCapitalism: Quelle Surprise! Consumer Confidence Falls on Oil Prices, Housing, Job Outlook
WSJ: Share of Population on Food Stamps Grows in Most States
LifeInc: Another year, another million or so millionaires
While many of us were still pinching our pennies as a result of the recent recession, some lucky folks were becoming newly minted millionaires.
Today: Swipe smart: 8 secrets about your debit card
They may look like credit cards, but debit cards have their own strengths and weaknesses
Bloomberg: ADP Estimates U.S. Companies Added Fewer Workers Than Forecast
Forbes Update: 7 Reasons Why I Believe Clarity Is the New “Cool”
ZeroHedge: The Thundering Herd Of Wall Street Lemmings Begins To Move: NFP Forecast Cuts Galore
And so the thunderous herd of highly overpaid and always wildly inaccurate Wall Street lemmings better known as "economists" starts moving.
CNNMoney: Home clearance sale coming from 'desperate' sellers
DailyFinance: Recession Sobers America's Once Free-Spending Teens
(like the Ozarker said, Well, you know it's TEOTWAWKI when teens quit spending :D)
InvestorPlace: Could Legalized Pot Give Big Pharma a Much-Needed Boost?
Medical marijuana would be a huge payday for U.S. drug companies
Reuters: U.S. wealthy exit Swiss bank accounts: study
Wealthy U.S. individuals have already pulled most of their money from Swiss private banks and could exit altogether as a global clampdown on tax evasion and banking secrecy benefits onshore rivals, a report showed.
TulsaWorld: House Refuses Debt-Limit Hike, Demands Cuts
FDL: Jared Bernstein Lets Slip Interesting Info About WH Economic Views
PoliticalWire: Economists Downgrade Prospects for Growth
MoneyWatch: Millennials Solve Federal Budget PuzzleAccording to a recent AP-GFK poll conducted May 5-9, 2011, 70 percent of Americans said Social Security is “extremely” or “very” important to their financial security, and 72 percent said so for Medicare. Sixty-two percent said that both programs are extremely or very important.
Peak oil and Energy News
EnergyBulletin: In the world, at the limits to growth
We imagine this country is in crisis, yet crisis is relative. Most people in the world would envy our material austerity and be thankful for our endlessly 'collapsing' health service. But with our expectations thwarted and in the anxiety of uncertainty, we are focussed inward. Yet we remain as deluded as ever.
TheIndependent: Small earthquake in Blackpool, major shock for UK's energy policy
Controversial shale gas drilling halted pending investigation into possible connection with tremors
YahooFinance: Marathon Oil buys Texas oil fields for $3.5B
Marathon Oil to buy oil and natural gas fields in Texas' Eagle Ford formation for $3.5 billion
Environmental News
OpenDemocracy: 'Six Degrees: Our Future on a Hotter Planet,' Mark Lynas
What we are seeing now, in regard to climate change, are the consequences of what we did some time ago. We cannot see directly the impact of what we are doing right now.
SOTT: US: 10,000 Evacuated
An estimated 10,000 Minot residents began a hectic scramble Tuesday to move their belongings out of their homes and seek shelter elsewhere, while crews began an all-night effort to build new, secondary dikes throughout the city.
MotherJones: Warmer Ocean Fueling Tornadoes
We know that spring's a bad season for tornadoes. We know that La Niña years fuel stormy Aprils. But 2011 is redefining even those parameters.
Bloomberg: Malaysia Rare Earths in Largest Would-Be Refinery Incite Protest
On a sweltering Sunday in April, more than 300 people pack a room above GC Curry House, a popular eatery on a tree-lined avenue in Kuantan on Malaysia’s east coast. They’re here to discuss the potential hazards of a rare- earth refinery Sydney-based Lynas Corp. is building about 25 kilometers away that will process radioactive ore into the exotic metals that go into tech gadgets, hybrid cars and weapon systems.
NatGeo: 800-Mile-Wide Hot Anomaly Found Under Seafloor off Hawaii
Findings contradict long-held theory that a plume directly fuels Hawaii.
NatGeo: Peak Oil, Peak Water, Peak Resources, Peak Planet: Building a Currency for the 21st Century
NYT: Closeup: April’s Tornado Outbreaks
DesdemonaDespair: Wildlife populations ‘crash’ in the Mara region of Kenya, Africa
CNN: (hat tip to SOTT) 1,600-plus Florida beachgoers stung by jellyfish, county officials say
CBSNews: The Age Of MegafiresExpert: Warming Climate Fueling Megafires
EnergyBulletin: Weather will never be weird enough to end climate denial
When it comes to climate change "denial is still the dominant response," writes Paul Gilding in The Great Disruption. "We won't change at scale until the crisis is full blown and undeniable, until the wind really kicks up speed. But then we will change."
When I read Gilding's book I thought it would take something like this year's historic storms and floods in the Midwest and South to wake Americans from their stupor on climate.
But now I'm not so sure if even climate disaster will be enough.
TreeHugger: Former Skeptic Denounces GOP's "Ideologically Driven Magical Thinking" on Climate
Guardian: Rainmakers of China struggling to cope with country's severe drought
China's weather-modifying programme is straining to meet demand to alleviate the worst drought for more than 100 years
NYT: Panoramas of Joplin Before and After the Tornado
Interactive panoramas show the devastation in two locations in Joplin, Mo. Images taken Friday are compared to the same locations before the storm from Google Maps’ Street View. Click and drag the images below to view the damage around the street.
SOTT: Volcano Expert Fears We'll See a Super Eruption
America in Decline
Boston.com: Fights break out at Carson Beach
Up to 1,000 youths reported involved; police say brawls moved elsewhere
Fights broke out among rival gang members on Carson Beach in South Boston yesterday and spilled out across the city, triggering a massive law enforcement response from at least five agencies to stem the violence.
Police said the gang members are part of a group of more than 1,000 youths who have used social media sites like Facebook to plan unruly gatherings on the beach on three of the past four nights. The beach falls under the jurisdiction of the State Police, who have been unable to prevent the violence.
MSNBC: 'Handcuffed by policy': Fire crews watch man die
Budget cuts blamed after Calif. first responders look on as suicidal man stands in water for an hour
BeforeItsNews: CNN Documents Police Protecting Secret Morgue? (Video)
TheHill: Disaster relief must be offset
Rep. Eric Cantor (R-Va.) continued to stress Sunday that disaster relief funds for tornado-ravaged Missouri would have to be offset in the federal budget with cuts elsewhere.
WiredDangerRoom: One Brain, Hundreds of Eyes: Darpa Plots Manhunt Master Controller
ActivistPost: Public schools' 'pay to play' fees: By the numbers
In the face of budget cuts and rising costs, public schools across the country are making ends meet by nickel-and-diming students.
Food and Water
AgWeb: Corn Planting Progress
DenverPost: Colorado Supreme Court upholds limits on transfer of water rights from farmers to suburbs
TwinCities: Midwest's soggy spring is dimming the fall's harvest hopes
WebEcoist: 10 Weird and Gross Ingredients in Processed Food
Thanks for this story rj. I'll never eat raspberry flavored candy again. Ever! (well that and a lot of other things too! LOL)
Science and Technology
WashingtonPost: Shuttle Endeavour touches down
Forbes: How Twitter Helped Snag A Laptop Bandit
TheIndependent: How one ancestor helped turn our brown eyes blue
Everyone with blue eyes alive today – from Angelina Jolie to Wayne Rooney – can trace their ancestry back to one person who probably lived about 10,000 years ago in the Black Sea region, a study has found.
WashingtonPost: Archaeologists find statue of ancient Egyptian king Amenhotep III
Medical and Health
BBC: E. coli outbreak in Germany: Women more affected
One of the mysteries about the outbreak of the particularly vicious strain of E. coli is that most of the victims have been women.
In most outbreaks, the victims are children because they have not developed the immune system to fight off the food poisoning - but in the German case, it is adults and female adults, in particular.
MedPageToday: WHO Says Cell Phones May Cause Cancer
NYT: Cellphone Radiation May Cause Cancer, Advisory Panel Says
ABCNews: Spanish cucumbers may not be to blame for deaths
The strain of E. coli has so far killed 15 people in Germany, and most recently one woman in Sweden after her return from Germany.
Tests on two cucumbers from Spain have revealed they carried the bacteria, but not the strain responsible for the deaths.
TheIndependent: Cucumbers in clear – so what is causing deadly E.coli outbreak?
Doomsteading, Gardening, Urban Farming
Survival Skills with Russ - How to Butcher a Chicken pt 1 (kill, pluck, gut)
Survival Skills with Russ - How to Butcher a Chicken pt 2
FoodFreedom: High Density Vertical Growth SystemsFoodFreedom: Top Ten Most Nutritious Vegetables and How to Grow Them in Your Garden
Other News
CNNMoney: I lost my inheritance to the doomsday prophet!
When the world didn't end on May 21, many people who had given up their earthly possessions were left with nothing.
But one believer never lived to see the day. She left nearly her entire estate -- around $300,000 -- to the group behind the failed prediction, leaving some family members out in the cold.
TPM: Arizonans File To Recall Author Of Controversial Immigration Law
BBC Panorama: minister orders investigation into 'inhumane' care home
The Government has ordered an urgent review into the "inhumane" abuse of people with learning disabilities at a residential hospital filmed by BBC Panorama.
BeforeItsNews: The Chalk Guy Is Back!
(you have to see this to believe it!)
BeforeItsNews: For Anarchist, Details of Life as F.B.I. Target
A fat sheaf of F.B.I. reports meticulously details the surveillance that counterterrorism agents directed at the one-story house in East Austin. For at least three years, they traced the license plates of cars parked out front, recorded the comings and goings of residents and guests and, in one case, speculated about a suspicious flat object spread out across the driveway.
BlackListedNews: Video games being blamed for divorce as men ‘prefer World of Warcraft to their wives’
SHTFPlan: Nuke Attack: A Low Probability, Real Possibility Event
LAT: 2 Iraqis indicted on terrorism charges in Kentucky
The men, in the country since 2009 and 2010, face life in prison if convicted. They're accused, among other things, in a plot to deliver explosives and Stinger missiles to target Americans abroad.
LegitGov: Pentagon files death penalty case against five Guantanamo Bay prisoners
ABCNews: Governor Christie Takes State Helicopter To Son's Baseball Game
MarginalRevolution: Long Term Trends in Homicide Rates
Here is a graph of American homicide rates, the earlier results should be taken with a grain of salt of course, but the trend is clear. N.B. These rates are per 100,000. The American data is consistent with European data. The bottom line is that there has been a big and welcome decrease in homicide rates in Europe and America over the past several centuries. To put these numbers in perspective, however, note that the homicide rate in New Orleans today is 52 per 100,000 and in Detroit it’s 40 per 100,000 so even with a lower average there is lots of variation. Brazil today is around 22 per 100,000 not too far from America in the 19th century. The homicide rate in El Salvador is 71 per 100,000, in Jamaica (!) 60 per 100,000 and in Honduras 67 per 100,000 — all higher than fifteenth century Europe. Thus, the past was a more violent place but not so violent as to be unknown to the present.
The Forums
TinfoilPalace: So. Has Anyone Heard About the USGS Censoring Earthquakes? Well.....
TinfoilPalace: Russia Says IMF Chief Jailed For Discovering That All US Gold is Gone (Sorcha Faal)
TheOilAge: UN report warns of dollar "collapse"
TheOilAge: Seems like the MZB's are coming, and Social Unrest is skyrocketing
Hubberts-Arms: Entire US Debt due to Wars and Tax Cuts?
Hubberts-Arms: Hurricane season begins
SilentCountry: Supreme Court Complicit in Torture
SilentCountry: New warheads for Europe?
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