Wednesday, August 24, 2011

Breaking News Wed. Aug. 24, 2011

Here's a video from Activist Post "Brace for Impact!!!"

Thanks to RJ and the Ozarker for help with links today, you can find their good works at
The Global Glass Onion and The Conflicted Doomer.

ProjectWorldAwareness: Fukushima Now Radiating Everyone: ‘Unspeakable’ Reality ‘Will Impact All Of Humanity’ -  Australia’s CBS exposed the “unspeakable” realities of the Japanese catastrophe in its 60 Minutes program Sunday night during which leading nuclear scientist Dr. Michio Kaku said radiation from Fukushima will impact of all of humanity. The nuclear energy power industry violation of the right to health is apparent throughout the new Australian report.
“In fact the whole world will be exposed from the radiation from Fukushima,” Dr. Kaku told CBS reporter Liz Hayes.
Cryptogon: Japan Triples Airborne Radiation Checks as ‘Hot Spots’ Spread 
HuffingtonPost: Moody's Downgrades Japan's Debt Rating  

Global Conflict
NakedCapitalism: Tom Ferguson: The English Riots – Just Meaningless Sound and Fury?
BlackListedNews: With CIA help, NYPD moves covertly in Muslim areas
BlacklistedNews: After rebels capture Gaddafi’s Tripoli compound, Gaddafi remains defiant and unfazed
RawReplay: Libyan rebel wears Gaddafi’s hat during TV interview
RawStory: Mexico graves still hold 500 bodies: NGO
Guardian: How dangerous is celebratory gunfire? Legions of victims know but cannot tell
Bullets fired up always come down – often with fatal results – so war reporters are wise to wear helmets, even in a friendly throng
BBC: Kim Jong-il in talks with Russia's Dmitry Medvedev

Hacker News
CNN: Justice Department to brief 9/11 families on hacking probe

Financial News
MaxKeiser: This week Max Keiser and co-host, Stacy Herbert, notice that looking back is not an option when all the evidence has been destroyed by the SEC and Max tries to explain the gold / Treasury conundrum.  In the second half of the show Max talks to Catherine Austin Fitts about exponential fraud and the financial coup d’etat.
Reuters: America is GE's tax haven - (Reuters) - Washington politicians say high corporate tax rates are driving U.S. companies to invest offshore where tax rates are lower. But that is not General Electric's experience. GE's disclosures show that over the last decade it paid much lower tax rates in America than offshore, just the opposite of the Washington political mantra. Even more puzzling, the U.S. corporate giant chooses to take more of its profits in other lands despite the higher tax rates there.
ProjectSyndicate: China’s New Currency Policy - – China’s government may be about to let the renminbi-dollar exchange rate rise more rapidly in the coming months than it did during the past year.
Reuters: FDIC has to face $10 billion WaMu-related lawsuit - A federal judge ruled that the Federal Deposit Insurance Corp has to face a $10 billion lawsuit tied to the failure of Washington Mutual Bank.
Reuters: Housing faces extra drag - low appraisals - When Sean McGowan signed a contract to buy a New Jersey home in November, he didn't expect he'd still be living with his parents nearly a year later.
Bloomberg: U.S. Durable Goods Orders Probably Fell in July
AltWeeklies:  Things The Rich Don't Want You To Know About Taxes
CEPR: Maybe Reuters Should Have Talked to Someone Supporting a Financial Transactions Tax
BusinessInsider: Where Did All of the QE2 Money Go?
Hint: The Fed was extremely generous to foreign banks with the discount window.
BusinessInsider: Over 40,000 People Will Be Laid Off From Euro Banks
Reuters: COLUMN-America is GE's tax haven: David Cay Johnston
Washington politicians say high corporate tax rates are driving U.S. companies to invest offshore where tax rates are lower. But that is not General Electric's experience.
GE's disclosures show that over the last decade it paid much lower tax rates in America than offshore, just the opposite of the Washington political mantra. Even more puzzling, the U.S. corporate giant chooses to take more of its profits in other lands despite the higher tax rates there.
Fortune: Washington needs to wake up to the jobs crisis - Politicians from both sides of the fence have some harsh truths to face about the true state of the nation's unemployment.
CharlesHughSmith: The Fed Cannot Stave Off the Inevitable Market Revaluation
Bloomberg: New York Removed From State Group Working on Nationwide Foreclosure Deal 
Reuters: Christopher Whalen: Barack Obama and the cost of doing nothing
24/7WallSt: JP Morgan May Take Over Bank Of America
HousingWire: Analysts: Home sales going nowhere fast

Zerohedge: Disappointing Richmond Fed And New Home Sales Seal The Recessionary Deal 
HuffingtonPost: New Home Sales On Track To Finish As Worst Year On Record 
BusinessInsider: GDP PER CAPITA: See What Countries Have Really Suffered (And Gained) Since The Recession
Guardian: Goldman Sachs braced for legal battles over financial crisisUS lawyer, Jake Zamanksy – who led pursuit of investment banks after the dotcom crash – predicts wave of legal actions
CNNMoney: Washington needs to wake up to the jobs crisis
JOC: Alphaliner Says Ocean Carriers Face Prolonged Slump
JOC: US Container Imports Fell 5.4 Percent in July
BusinessInsider: Stephen Roach Says Consumers Need Debt Jubilee
Bloomberg: European Banks Must Pay Up to Borrow $100 Billion Amid Crisis: Euro Credit
Bloomberg: Greenspan Says Euro ‘Breaking Down,’ May Harm Stock Prices
BusinessInsider: There Was A Legitimate Run On Morgan Stanley During The Crisis 
Chron: New-home sales fall, 2011 could be worst year yet
MSNBC: Forget the market: We can’t afford to retire anyway - Americans were woefully underfunded for retirement before recent stock slide
Bloomberg: East European Swiss-Franc Loan Defaults May Fan Euro-Area Crisis, UBS Says Between haves, have-nots, an ever greater gulfThe state’s poorest make less than in 1979, new study finds, while upper incomes climb
ArabNews: Libyan rebels storm seat of Qaddafi’s power
McClatchy: S.C. Sen. Graham: U.S. should spend more on foreign aid
BBC: Iran tries 'Israeli spy' for scientist's murder - An Iranian man has gone on trial, charged with killing one of the country's nuclear scientists and having links to Israel's Mossad spy agency.
WSJ: CBO: No Recession, But Growth So Slow Jobless Rate To Top 8% Until 2014
CBO: CBO Releases Its Annual Summer Update of the Budget and Economic Outlook
Bloomberg: California $382,519 Prison Doctor Shows Budget Gaps Don’t Bar Big Salaries
BusinessInsider: Greenspan: "The Euro Is Breaking Down"
Chron: Alabama agencies cutting 1,100 employees 
CapitalSpectator: Is Business Spending At The Tipping Point? 
NYT: Fewer Banks In the U.S. Considered To Be at Risk 

Peak oil and Energy News
HuffingtonPost: Mr. Obama: XL + Tar Sands = Bad Political Equation
TheEconomist: German energy  - An industry struggles to cope with a change in government policy
ELECTRICITY producers in Germany are in disarray. The cause of the chaos is the government: in June it decided to shut all the country’s nuclear power stations by 2022, after Japan’s struggles to contain radiation leaks from its reactors following an earthquake and tsunami in March.
EnergyBulletin: Michele Bachmann Petroleum Geologist
ZeroHedge: Oil Market: Rectifying The Broken Paper Pricing Model  - It has become quite apparent that major changes are necessary in the oil futures market after the latest year of volatility which had little relation to the actual fundamentals of supply and demand in the marketplace. Oil is too an important commodity to have such a large dislocation from the actual physical market of supply and demand. It is used by people all over the world as a necessary commodity for daily transportation, businesses rely on the commodity to produce goods, and economies need a stable price reflective of fundamentals to flourish in an efficient matter. In short, speculators have no business in the oil market, they distort prices, and sure helped slow global growth during the past year by running up prices well beyond the fundamentals based upon actual inventory levels of the commodity.
Platts: Hopes high for Libyan oil output resumption
NPR: CBO: Economy Remains In 'Severe Slump'
NYT: Oil Reserves Sidestep U.S. Vessels
WASHINGTON — In its hurry to transport millions of barrels of oil from federal stockpiles to stabilize world oil prices earlier this summer, the Obama administration has repeatedly bypassed federal law by allowing nearly all the oil to move on foreign-owned vessels, drawing protests from domestic maritime operators.
NYT: After the Revolution, Hurdles in Reviving the Oil Sector

DealBreaker: Marc Faber: Trust No One!
Not the Fed, America, your cash flow-draining girlfriends, banks, paper, gold ETFs. Get your hands on some real, physical gold, put it in “a safe deposit box ideally outside the US, in various locations- Switzerland, Singapore, Hong Kong, Australia, Canada,” lay low and wait for his signal.

Environmental News
LegitGov: Washington Monument top cracked by earthquakeNDReport: NRC MONITORING ALERT AT NORTH ANNA FOLLOWING VIRGINIA EARTHQUAKE  
EnvironmentalEcon: Ash hole update - Two species of small, stingless Asian wasps that prey on emerald ash borers were released for the first time in national forests.
Bloomberg: Virginia Quakes Have Hit Since Washington’s Day
HuffingtonPost: Canadian Tar Sands And The True Cost Of Oil (PHOTOS)
RawStory: Quake sensors removed around Virginia nuke plant due to budget cuts 
NaturesWrath: Shadow of Drought on Indian Economy: Can India come out of it?
WeatherUnderground: Hurricane Irene slides toward Bahamas; Strong earthquake rattles eastern U.S.
BusinessInsider: North Carolina Evacuates Barrier Island As Irene Picks Up Speed
CNN: U.S. braces for 'huge' Hurricane Irene
EnergyCollective: An Earthquake, In Virginia??
TreeHugger: The Environmental Impact of Cocaine
NewScientist: Born to be Viral: Smell of death freaks out lampreys 
USAToday: Iowa in middle of lead-shot skirmish 
NPR: One Of World's 'Most Feared Pests' Keeps Showing Up At Customs 
TreeHugger: Watch How The Virginia Earthquake Waves Ripple Across the US (Video) 
Grist: Earthquake, hurricane, Fox acknowledging the existence of climate change: This is definitely the End Times:Fox News accidentally acknowledges the facts on global warming
UPI: Climatologist: Texas drought may worsen
UPI: EPA starts collecting greenhouse gas data 
TruthOut: Over 160 Arrested in Ongoing Civil Disobedience Against Keystone XL Tar Sands Oil Pipeline 
CNN: Tarsands Oil Protest White House Arrests Day 3 
CNNMoney: Quake shuts nuclear power plant in Virginia

America in Decline
DailyBail: INSIDE JOB - How Wall Street Became A Criminal Enterprise And Took Over Government - Feature Film Trailer, Oscar Winner 2011 
DesdemonaDespair: U.S. becomes food stamp nation: 15 percent of population on assistance, up 74 percent since 2007
Activistpost: Bailout, Bankruptcy, and Breadlines . . . Just The Start (Charlie McGrath Video)
BusinessInsider: STIGLITZ: America's Recent College Grads Face A Bleak Future 
TulsaWorld: Study: Slower mail could save USPS $1.5 billion a year 
StarTribune: With CIA help, NYPD built secret effort to monitor mosques, daily life of Muslim neighborhoods 
EmptyWheel: CantorQuake: Trembling at the Heart of GOP Claims We Don’t Need Government
Back in March, after the Japanese earthquake, Eric Cantor defended Republican plans to cut funding from the USGS and warning systems to help in case of a disaster. 

Food and Water
USDA: Food for Thought: Lower-Than-Expected Crop Yield Stimulation with Rising CO 2 Concentrations (pdf)
DesdemonaDespair: Texas crops wilt amid drought – Record 251 counties have outdoor burn bans – More drought predicted for next year

Science and Technology
Wired: Geneticists discover the 500-year-old yeast that gave us lager
TPM: How The East Coast Earthquake Rattled Cell Service Across The Board
Gizmag: New study highlights mobile device dangers for pedestrians 
MSN: Pluto holds big surprises for speedy NASA probe - Excitement builds as the New Horizons craft heads toward the dwarf planet 

GlobeandMail: Scientists determine Earth has 8.7 million species

Medical and Health
GlobeandMail: Boys feel talking about problems is a waste of time, study finds 
CNN: Bran, soy help cut cholesterol
M&C: US doctors to help remove 90-kilogram tumour from Vietnam man's leg
YahooFinance: Survey: Employers consider ending health coverageSurvey: Some employers may end health coverage after insurance exchanges start in 2014 
TheChart: How can I treat macular degeneration of the eye?
MSN: Unplanned pregnancies rising among poor women 

Doomsteading, Gardening, Urban Farming
SHTFPlan: Complexity Theorists Predict Food Crisis, Riots and Civil Unrest By April 2013
Forecasting isn’t an exact science, but researches at the New England Complex Systems Institute may have come up with a formulaic approach that can help them to identify risk factors that contribute to political instability which may lead to riots and civil unrest similar to what we saw in the Middle East this year.
Their model is so accurate that they reportedly wrote a letter to the United States warning of imminent danger just days before the mid east and north African riots broke out:
Other News
RawStory: Under fire, Biden blasts ‘repugnant’ China policies
ModernMythology: Elite Reptilian Overlords Like Eating Our Brains Cold  
NPR: White House Rolls Back RegulationsUnder fire from Republicans for a heavy-handed regulatory environment, the Obama administration Tuesday announced a roll back of hundreds of federal regulations.
MSN: Naked Slasher Attacks Elderly Tenants, 1 Dead

CSMonitor: Has Ron Paul become electable?
In a head-to-head matchup with Obama, GOP presidential candidate Ron Paul is within striking distance, a new Gallup poll shows. But Mitt Romney and Rick Perry are running stronger.
Guardian: Stephen King launches leftwing radio show
Author's new talkshow, hosted by the Green party's Pat LaMarche, aims to stall right's domination of airwaves and make people 'a little bit angry'

The Forums
TinfoilPalace:Al Jazeera caught recreating Tripoli green square
TinfoilPalace:Surprise: history is not your therapist. This is the New Age you never expected. Crybabies need not apply.
TheOilAge:Shale gas trumps Peak Oil?
TheOilAge:Death Dance

Hubberts-Arms:Libyan rebels will honor Gahdafis' oil contracts.....Guess the US is SOL
Hubberts-Arms:Dollar store seed swap
SilentCountry:PREP ITEMS ---BARGAIN OF THE DAY THREAD -- Thrift store/flea market/garage sale finds
SilentCountry:Australia to become the "Saudi Arabia" of gas

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