Tuesday, January 24, 2012

Breaking News Tues. Jan. 24, 2011

I hope everyone is having a good week so far. Looks like the heat is turning up under Iran again. Hopefully cooler heads will prevail and we can avoid a WW.
Yahoo: GOP Sen. Rand Paul ‘Detained’ at Nashville Airport After Refusing Patdown

Good on him I say.
If everyone would refuse to be felt up or radiated before getting on planes, or stopped flying till they quit doing that, maybe things would change.
and here's another one.
LegitGov: Rand Paul on TSA detainment: "I was barked at: 'Do not leave the cubicle!'"

I'd also like to thank David at ETF Daily News, for the links he sent for us! If you're interested in ETFs, (and who isn't!) then his site is a great place to go and check out what's happening in the world of ETFs!

Much thanks to RJ at the Global Glass Onion and the Ozarker at Conflicted Doomer . They are true friends of this blog! Thanks guys!
Oh, and here's one of those subliminal messages you hear about....visit the forums, visit the forums, linked at the bottom of the post, the bottom of the post. heheheh

CNN: Tokyo sees high quake probability, scientists warn

Global Conflict
USAToday: Moammar Gadhafi loyalists seize Libyan town
RT: Tehran’s metal shield from sanctions- Sanctions dodge: India to pay gold for Iran oil, China may follow

VOA: Pakistan Rejects US Findings on Deadly Border Attack
Time: Can Europe's Oil Embargo Force Iran to Back Down on its Nuclear Program?
RawStory: Mental trauma takes huge toll in Afghan war
WashingtonPost: Oil prices rise as Iran renews threats to close strategic waterway after EU sets Embargo 
ExtinctionProtocol: Iran to definitely make an attempt to close the Strait of Hormuz say reports - Tensions in the Gulf could reach a breaking point as a senior Iranian official said Iran would “definitely” close the Strait of Hormuz if an EU oil embargo disrupted the export of crude oil.
Atlantic: How Newt, Mitt and Rick Are Leading Us to War with Iran
Today President Obama was all aglow about the new sanctions on Iran announced by the European Union. After hailing this sign of "the unity of the international community," he promised that "the United States will continue to impose new sanctions to increase the pressure on Iran."
CNN: 9 dead, 72 wounded after bombings in Iraq, police say
VOA: EU Imposes Oil Embargo on Iran
NYT: Ex-CIA Agent Accused of Leaking Identity of Covert Officer
ExtinctionProtocol: Age of Anarchy: From Syria to Mexico, nations facing growing violence and tensions that could tear them apart 
LegitGov: Five Israeli airstrikes hit Gaza 
VOA: Multiple Bombings Strike Baghdad - Four car bombs have exploded in mainly Shi'ite areas of the Iraqi capital, killing at least 13 people and wounding more than 70 others.
LegitGov: EU oil sanctions doomed to fail: Iran 
GlobalPost: The money behind the Egyptian military 
WashingtonPost: UK could send extra military assets to Strait of Hormuz to keep key shipping route open
SeattlePI: FM says Syria has duty to confront armed groups
UPI: Report: ISI head secretly meets Musharraf
MSNBC: Iran to continue nuke program despite new sanctions
NYT: Europe and U.S. Tighten Vise of Sanctions on Iran

Hacker/SOPA etc.  News
TechReview: Wasting Hackers' Time to Keep Websites Safe - Most security software defends PCs and websites by acting like a locked door to shut hackers out. A new security company, Mykonos Software, instead invites hackers in through a fake entrance and plays tricks on them until they give up.
Guardian: Phone hacking: News of the World journalists lied to Milly Dowler police
WSJ: Hackers-for-Hire Are Easy to Find
TheHill: Consumer group accuses Hollywood of ‘threatening politicians’ - Consumer group Public Knowledge on Friday accused the Motion Picture Association of America (MPAA) and its head, former Sen. Chris Dodd, of trying to intimidate lawmakers into supporting a pair of controversial anti-piracy bills.

Domestic Financial News
EpicureanDealMaker: All Together Now - Steve Randy Waldman got me thinking today.1 In an extensive follow-up piece to a previous post on complexity in finance, Steve answers objections to and elaborates on his argument that not only is opacity integral to the financial system of a complex society, it is essential.
TaxPolicyCenter: Why Higher Taxes Will Have to be Part of the Medium- and Long-Term Fiscal Solution - If we are going to reduce the medium- and long-deficit, new tax revenues must be part of the solution. And those taxes must be progressive and as conducive to economic growth as possible
RawStory: TARP pay czar caved on executive pay limits, bonuses
Reuters: Fannie, Freddie writedowns too costly: regulator - The regulator for Fannie Mae and Freddie Mac told lawmakers that forcing the two mortgage firms to write down loan principal would require more than $100 billion in fresh taxpayer funds.
MacroMarketMusings: The Fed's Long-Term Interest Rate Forecast May Backfire
OffTheCharts: Romney Proposals Would Slash Nondefense ProgramsPaul Krugman Makes A BusinessInsider: Housing Call He Will Likely Come To Regret
EmptyWheel: What Do You Call a “Cornhusker Kickback” for California? - Remember the “Cornhusker Kickback“? That was the $45 million in expanded Medicaid funding Ben Nelson demanded from the Obama Administration before he’d support Health Insurance Reform. The special treatment for Nebraska gave the reform effort a tawdry feel. Yet it seems like Obama’s trying something similar in his effort to get CA’s Kamala Harris to join in his foreclosure settlement, with $10 billion in aid slated for CA’s struggling homeowners.
TheMoralLiberal: Judicial Watch Sues Obama Admin for Secret Settlement Documents With Mortgage Lenders.– Judicial Watch, the organization that investigates and fights government corruption, announced today that it filed a Freedom of Information Act (FOIA) lawsuit on January 3, 2012, against the Obama Department of Justice (DOJ) and U.S. Department of Housing and Urban Development (HUD) to obtain documents pertaining to accusations of fraud against the nation’s five largest mortgage companies and the creation of “federal accounts” to settle probes into faulty mortgage practices (Judicial Watch v. HUD and DOJ (No. 1:12-cv-0002)).
TheAtlantic: Why the United States Will Never, Ever Build the iPhone
ETFDailyNews: A Coming Great Global Angst
Tennessean: TN businesses press for end of estate tax 
CNNMoney: Is the ETF bubble about to burst?
Reuters: TARP pay czar pressured on executive pay: report 
BottomLine: Consumer watchdog targets payday loans 
SeattleTimes: Foreclosure deal near; some say that it's too lenient for banks 
Time: Is U.S. Manufacturing Really Back?
ETFDailyNews: The Great Economic Storm: We Are Living In The Greatest Debt Bubble The World Has Ever Seen

Global Financial News
Cryptogon: Foxconn Apologizes for CEO Referring to Workers as ‘Animals’
Zerohedge: 80%+ Immediate Downside To Par For New Greek "Fresh Start" Bonds
BusinessInsider: S&P Downgrades Three Big French Banks
CreditWritedowns: On the Collapse of the Shanghai Composite
Zerohedge: Global Economic 'Mojo' Still Lacking 
ETFDailyNews: Shanghai Composite Index: Will Economic Data From China Move Stocks? 
Good: A 375-Year-Old French Bank Forgives Debts of Paris’ Poorest 
CNNMoney: A world in chaos? That may be a good thing.
Guardian: Eurozone crisis live: Greek creditors defiant after EU ministers reject deal 
NYT: Permanent Rescue Fund Seems Nearer in Europe

Peak Oil and Energy News
Reuters: Brent steady above $110 on Iran, Greece weighs
ETFDailyNews: Can Natural Gas Prices Really See A $1 Handle?

USAToday: U.S.: Nation will be more energy independent by 2035
Star-Telegram: Chesapeake Energy to slash natural gas drilling in Barnett Shale

Read more here: http://www.star-telegram.com/2012/01/23/3681594/chesapeake-energy-to-slash-natural.html#storylink=cpy
StarTribune: Canada's oil: What goes around
GreatFallsTribune: Leasing boom: Oil and gas speculation a growth industry in Montana
Reuters: Keystone activists to protest oil, Congress ties

ETFDailyNews: The Eastman Kodak Silver Scandal? 
CreditWritedowns: Chart of the Day: Is Gold About to Get a Monetary Blast (Off)?

WashingtonPost: Biggest solar storm since 2005 underway, will peak Tuesday
PopSci: A Massive Solar Eruption, the Strongest in 7 Years, Has Earth Bracing for a Radiation Storm 
ExtinctionProtocol: More pilot whales die from beachings in New Zealand
January 23, 2012 – NEW ZEALAND – About 22 pilot whales stranded around Farewell Spit have died and fears are mounting for the remaining 77 as rescuers pack up for the evening.
ExtinctionProtocol: Strongest radiation storm seen in 7 years erupts from the Sun
MSNBC: Dozens of whales die on New Zealand beach
Reuters: Weaker sun will not delay global warming: study
ClimateProgress: Arctic Temperatures Continue Rapid Rise as 2011 Breaks Record Set in 2010 
SwitchboardNRDC: Not-So-Permafrost Could Release as Much Heat-Trapping Pollution as Deforestation  - Scientists call them positive feedback loops, but this is not the kind of positive feedback you give your children when they do well at school.

America in Decline
BusinessWeek: Police Use of GPS Devices Limited by US Supreme Court
CNNPhotoBlog: Haunting portraits of the poor
Cryptogon: Top 100 U.S. Zip Codes Hit Hardest by Foreclosures 
Wired: Homeland Security Wants to Spy on 4 Square Miles at Once 
FiredogLake: The “Food Stamp Speaker” is Actually Newt Gingrich - Gingrich never tires of calling Barack Obama a food stamp President, saying that the food stamp rolls increased by the highest amount in history under this Administration. As a technical matter, this is not true. George W. Bush actually put more people on food stamps than any President in American history. As Brooks Jackson points out, the economic downturn that began in December 2007 made 4.4 million Americans newly eligible for food stamp benefits
SOTT: Shades of an American Kristallnacht?
Watching the spectacle of the Republican primaries evokes deep sadness over the unavoidable truth that now, in the wake of Citizens United, it has become totally legal for rich people to run politicians the same way they might run horses or greyhounds. Just like that.
Maybe that's what provides the eerie, zombie-like atmosphere in politics these days. You really have the sense that most politicians, especially the ones at the top echelons of power, are like old-fashioned Kabbalistic golems, animated out of clay by skilled magicians who can control them from afar.  
NewYorker: Mass Incarceration and Criminal Justice in America 
MSNBC: Judge orders woman to give up password to hard drive

Food and Water
ETFDailyNews: Corn Prices: A Startling American Commodity Trend 
ThinkProgress: The Alarming Outlook for Urban Water Scarcity - When you look at the official US drought monitor map, you immediately see that many American cities may be in the wrong places for long-term water sustainability.
  • By 2020, California will face a shortfall of fresh water as great as the amount that all of its cities and towns together are consuming today.
  • By 2025, 1.8 billion people will live in conditions of absolute water scarcity, and 65 percent of the world’s population will be water stressed.
  • In the US, 21 percent of agricultural irrigation is achieved by pumping groundwater at rates that exceed the water supplies ability to recharge.
  • There are 66 golf courses in Palm Springs. On average, they each consume over a million gallons of water per day.
  • The Ogalala aquifer, which stretches across 8 states and accounts for 40 percent of water used in Texas, will decline in volume by a staggering 52 percent between 2010 and 2060.
  • Texans are probably pumping the Ogallala at about six times the rate of recharge.

Science and Technology
NewScientist: Magnetic soap could clean up oil spills
Wired: I Spy Your Company's Boardroom  
WSJ: High Court Backs Privacy Rights in GPS Case
ScientificAmerican: Study Fails to Confirm Existence of Arsenic-Based Life
NewScientist: Physics in a Minute: How wings really create lift
CosmicLog: Space station sees southern lights 
Medical and Health
CNN: Embryonic stem cells improve sight of legally blind women
Cryptogon: More Le Roy Students Struck with ‘Mystery Illness,’ Parents Demand More Tests 
NewScientist: Immune system may help to trigger the menopause
TheChart: Magic mushrooms may be therapeutic
MSNBC: Man with locked-in syndrome wants right to die
Vitals: How books, puzzles may help ward off Alzheimer's
TodayHealth: Women feel pain more intensely than men

Doomsteading, Gardening, Urban Farming
ModernSurvivalBlog: Sell-by, Use-by, Dates
PreppingToSurvive: Avoiding Fear 
CityFarmer: Women Gardening and Making Weapons during WW2 in Canada 

Other News
CalculatedRisk: DOT: Vehicle Miles Driven declined 0.9% in November -- The Department of Transportation (DOT) reported:
• Travel on all roads and streets changed by -0.9% (-2.1 billion vehicle miles) for November 2011 as compared with November 2010.
• Travel for the month is estimated to be 240.9 billion vehicle miles.
• Cumulative Travel for 2011 changed by -1.4% (-38.3 billion vehicle miles).
McClatchy: Alaska woman, 85, fends off moose attack on husband
BusinessInsider: The Mayor Of London Knocked Over An 8-Year-Old Boy While Skiing In Italy — And Now Italy Loves Him
MSNBC: Icy river sweeps girl, 6, away from father 
LAT: Big Ben is tilting and Parliament is worried 
CNN: Why 2012, despite privacy fears, isn't like Orwell's 1984

BusinessInsider: The 18th Republican Debate: What To Watch For If You Can Bear It
RawStory: Romney: Gingrich an ‘influence peddler,’ unfit for the White House 
CBS: Romney on immigration: I'm for "self-deportation" 
BillMoyers: ‘Licking Their Chops’ on K Street and Capitol Hill  
BBC: US Republican hopeful Mitt Romney 'pays 13.9% tax' 
CNN: Return of the 'Welfare Queen' - She's out there, lurking in the 2012 presidential race like a horror movie villain who refuses to die.
She has 12 Social Security cards, mooches on benefits from four fake dead husbands, and collects food stamps while driving a Cadillac. She rakes in about $150,000 a year in welfare benefits and, of course, people assume she must be African-American.

TinfoilPalace: A Strange Harvest
TinfoilPalace: The Book that will Forever Change Our Ideas about the Bible
TheOilAge: Iceland Declares Independence from International Banks 
TheOilAge: Mathematics for Doomers 
HubbertsArms: Study shines light on ways to cut costs for greenhouse growers 
HubbertsArms: C.U.M. in the Santorum 
SilentCountry: Male sex drive 'to blame for world's conflicts'
SilentCountry: Weird happenings afoot

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