Friday, May 25, 2012

Breaking News Fri. May 25, 2012

Well here it is Friday again already! Time sure flies when you having fun doesn't it?
I hope everyone has had a good week and that you will have a great Memorial Day weekend.
I'll be enjoying the weekend and painting on the doomstead!

Much thanks to the folks who send in links, be sure to go visit RJ at the Global Glass Onion and the Ozarker at Conflicted Doomer , also Doug at 3Es News and David at ETF Daily.

Peak Oil and Energy News
EarlyWarning: Sharp Uptick in Iraqi Oil Production
CNNMoney: Why Shell is betting billions to drill for oil in Alaska
NOC: Keystone XL Would RAISE Gas Prices
Dennis Kucinich, News Report: “A foreign-owned oil company is playing us for fools. In order to convince Americans to accept a pipeline that will result in higher gas prices, we have been bombarded with a public relations campaign to convince us that the pipeline is a good idea. ‘It may be a good idea to foreign investors, but the Keystone XL pipeline is a bad idea for American consumers, a bad idea for America’s fledgling economy, a bad idea for our health and a bad idea for our environment,’ said Kucinich. ‘Say no to the Keystone tax.’”   

NYT: Shell Arctic Ocean Drilling Stands to Open New Oil Frontier - The president’s preoccupation with the Arctic proposal, even as the nation was still reeling from the BP spill, was the first hint that Shell’s audacious plan to drill in waters previously considered untouchable had gone from improbable to inevitable.

Global Conflict
NOC: Memorial Day: Honor the Dead, Heal the Wounded, Stop the Wars
Reuters: Syrian security forces kill four protesters: activists

CNN: Iranian sailors chase off pirates attacking U.S. ship
RT: Israel takes back promise to Obama not to attack Iran before the election - Sources from inside Washington, DC are telling the international media that Israeli leadership is upset with US President Barack Obama’s handling of Iran’s alleged nuclear threat and may take military action before the November election.

AFP: Chen says he suffered 'beyond imagination' in China
SMH: US cuts Pakistan aid over jailing of bin Laden sting doctor
CBSNews: Brotherhood claims lead as Egypt vote count begins

Reuters: Iran, big powers agree to hold more nuclear talks in June 
GlobeAndMail: As Baghdad talks end, Iran insists on 'undeniable right' to enrich uranium 

Hosted: French president: all combat troops out in 2012 
GlobeAndMail: U.S. slashes Pakistan aid over jailing of ‘bin Laden doctor’ 
MSNBC: Russia tests missile designed to counter US defense shield

SeattlePI: Diplomats say next round of nuclear talks with Iran will be held in Moscow on June 18-19 
Statesman: Texan gets 20-year prison term for al-Qaida links

Alternet: Has the FBI Launched a War of Entrapment Against the Occupy Movement?
Guardian: Quebec's 'truncheon law' rebounds as student strike spreads - A draconian law to quell demonstrations has only galvanised public support for young Quebecois protesting tuition fee hikes

NOC: The Rise of the New Economy Movement

Just beneath the surface of traditional media attention, something vital has been gathering force and is about to explode into public consciousness. The “New Economy Movement” is a far-ranging coming together of organizations, projects, activists, theorists and ordinary citizens committed to rebuilding the American political-economic system from the ground up.

Domestic Financial News
ETFDaily: Dollar Backwardation 
LAT: Curt Schilling shutters his game studios, lays off entire staff
Independent: Double trouble at JP Morgan: trader's losses could exceed $7bn

CNNMoney: Breaking up Chase: Good for shareholders and taxpayers
GlobeAndMail: U.S. durable goods orders rise, but business spending suffers
Bloomberg: Buffett Says Free News Unsustainable, May Add More Papers - Warren Buffett, whose Berkshire Hathaway Inc. (BRK/A) struck a deal this month to acquire 63 newspapers, said he may buy more publications as the industry rethinks whether to offer free content on the Internet.

Krugman: Egos and Immorality - In the wake of a devastating financial crisis, President Obama has enacted some modest and obviously needed regulation.. Wall Street has responded — predictably, I suppose — by whining and throwing temper tantrums.

Zerohedge: Uncle Sam Borrows $29 Billion Due In 2019, At Another All-Time Record Low Yield

EconomistsView: Fed Watch: Is QE3 Just Around the Corner?
MarketWatch: Facebook falls 3.5% in mild tech action

CapitalSpectator: Budget Battles & Reality Checks - Earlier this week, MarketWatch's Rex Nutting wrote that the "Obama spending binge never happened" and that federal government outlays have recently been rising at the "slowest pace since 1950s." The claim was quickly attacked by some commentators of the Republican persuasion as a left-wing conspiracy. The motivation for trying to discredit the report is understandable, at least from a raw political perspective. The notion that federal spending hasn't exploded under Obama doesn't jibe with the political playbook these days for the loyal opposition. But facts are still facts and so the frenzy of efforts to dismiss Nutter's column don't stand up based on the numbers.

WashingtonPost: Why can’t the Fed just prevent the ‘fiscal cliff’? - Say at the end of 2012, Congress can’t strike a budget deal and we reach the dread “fiscal cliff.” Taxes go up, spending gets slashed. Would the U.S. economy fall into recession? The Congressional Budget Office sure thinks so. But Ryan Avent wonders why the Federal Reserve couldn’t just step in.

MyBudget360: Educated and unemployed – majority of unemployed Americans attended some college. Top degrees in fields with little employment demand.

Global Financial News
NPR: Rio Issues Land Titles To Slum Residents - The home Jose Nazare Braga built in the Rocinha shantytown is his life's work, an investment that grew from a shack to a three-story building over 30 years. A restaurant and a paper-goods store on the ground floor provide income, and his children, grandchildren and great-grandchildren live above. The red-brick building is Braga's nest egg, his retirement home and an inheritance for his large family. But for decades, the property wasn't formally his, and he lived in fear of losing it all. Now local officials and human rights groups are working to give legal title to tens of thousands of people like Braga, a process that increases their wealth and gives them greater access to credit, as well as peace of mind.

Eurobonds: The Issue That Could Shatter Europe 
Forbes: European Crisis: A Greek Exit Would Only Be The Start, Not The End
AsiaTimes: Tri-lateral trade pact an Asian game-changer

GlobeAndMail: China falters, euro zone slump deepens CNNMoney: World Bank warns of China slowdown
NYT: After Barreling Ahead in Recession, China Finally Slows
Prospect: The Issue Europe Won’t Face - Europe’s leaders emerged far apart at their summit dinner in Brussels Wednesday night. They could not even agree on relatively easy measures to contain the escalating crisis, such as Eurobonds or a greater role for the European Central Bank (ECB).

Spiegel: Tsipras Says Berlin Must Back Down on Austerity
Spiegel: Merkel Loses Her Triple-A Popularity Rating
VancouverSun: Britain’s recession deeper than expected

NYT: European Economic Outlook Dims Amid Leaders’ Impasse 
Telegraph: Debt crisis: Germany holds a gun to Greece’s head
CNBC: Australia Approves Migrant Workers for Mining Projects  

ETFDaily: Silver Price, A Complete Joke; Just Look At The Chart
Mineweb: Gold and silver today - capital still fleeing the euro, will gold follow it all the way down?
Minyanville: Volatility Ahead for Commodities

M 3.1, 75km NE of Miches, Dominican Republic

VGROnline: Mother Of God, Child Of Zeus

LAT: Northern San Diego County fire chars 1000 acres, spreading fast
ThinkProgress: My Nature Piece On Dust-Bowlification And the Grave Threat It Poses to Food Security
Businessweek: US forecasters: 9 to 15 storms in hurricane season

MSNBC: Japan's fugitive penguin caught after two months on the lam

MSNBC: '40 tons' of tsunami debris litters Alaska island 
VOA: Hurricane Bud Loses Strength, But Still Powerful
WorldNews: Tens of thousands of elephants likely killed last year, experts say Warming could exceed 3.5 C, say climate scientists: The UN's target is a 2 C (3.6 degree Fahrenheit) limit on warming from pre-industrial levels for manageable climate change. In a report issued on the penultimate day of new UN talks in Bonn, scientists said Earth's average global temperature rise could exceed the dangerous 3.5 C (6.3 F) warming they had flagged only six months ago.

Independent: RSPB voices shock at buzzard plans - Conservationists have condemned plans that would allow buzzard nests to be destroyed and the birds of prey taken into captivity to protect pheasant shoots. 
AU.News: Fukushima radiation higher than first estimated - The radiation released in the first days of the Fukushima nuclear disaster was almost 2-1/2 times the amount first estimated by Japanese safety regulators, the operator of the crippled plant said in a report released on Thursday.

WashingtonPost: The warmest spring on record in D.C. — again 
TheAtlantic: One Year Since The Joplin Tornado 
ClimateCentral: Early Season Heat Wave for Memorial Day Weekend

America in Decline
DailyMail: Three homeless children under the age of four found in wooden shed in Oregon ...Youngest may be just 8 months old
BusinessInsider: If Your Aging Parents Can't Pay Their Bills, You May Have To

Bloomberg: Half of Detroit’s Streetlights May Go Out as City Shrinks
Atlantic: Congress Should Ban Armed Drones Before Cops in Texas Deploy One A deputy in the Montgomery County Sheriff's Department says his agency is thinking of adding tear gas or rubber bullets to the aircraft it already owns.

Rawstory: Propaganda firm owner admits smear campaign against U.S. journalists - The co-owner of a U.S. defense contractor that specializes in Information Operations admitted on Thursday to trying to discredit two USA Today journalists with an online smear campaign.

ThinkProgress: How The Zero Weeks Of Paid Maternity Leave In The U.S. Compare Globally - Out of 178 nations, the U.S. is one of three that does not offer paid maternity leave benefits, let alone paid leave for fathers, which more than 50 of these nations offer. Here’s how the U.S. stacks up to 14 other countries

Food and Water
TheScientist: Revenge of the Weeds - Plant pests are evolving to outsmart common herbicides, costing farmers crops and money.
NOC: Blatant Corruption Exposed as EU Blocks France’s Ban on Monsanto’s GMO Maize

NYT; Dispute Over Labeling of Genetically Modified Food

Science and Technology
TheScientist: Live Slow, Die Old - In the northern Pacific Ocean, buried 20 meters below the ocean floor, are bacteria that live life in the extreme slow lane. They have not received any fresh sources of food since they were buried 86 million years ago, when dinosaurs still walked the land. Still, they cling to life by using up the little oxygen available to them at an incredibly slow rate.

MSNBC: Time to see SpaceX capsule in night sky is now
Craft will appear as moving light accompanying brighter light — the space station
CNN: Private spacecraft docks with space station

IndependentMail: DNA study seeks origin of Appalachia's Melungeons

CosmicLog: Time for America to say ta-ta to Tut

FutureTech: Classic 1937 steam engine soon to run carbon-free

Medical and Health
MSNBC: More kids eating detergent packs, docs report 
HeartHealth: Italy doctors save baby with smallest artificial heart  
Vitals: German doctors apologize for Holocaust horrors

LifeInc: More workers opting out of company health plansCNN: A creative life is a healthy life
TNR: Romney's Plan For Health Care: Undo Decades Of Progress By Undermining Medicare, Medicaid, The Affordable Care Act, And Employer-based Insurance - After looking at the economic platform of Mitt Romney’s presidential campaign, this installment of our series on his
policy plans examines the details of his health care agenda.
CBSNews: Sperm gene discovery may lead to male birth control, scientists say 

Doomsteading, Gardening, Urban Farming
CometCamper: Tumbleweed Tiny House Worskhop Re-cap and Progress!

Other News
Rawstory: California police: Dog was strapped with explosives 
Reuters: Mexican mother arrested after son's eyes gouged out 
Police said on Thursday they had arrested seven people, including the boy's parents, after his eyeballs were pulled out during the ritual in Nezahualcoyotl, a working-class neighborhood on the eastern flank of Mexico City.
"There was some kind of ceremony inside a house," said Laura Uribe, a spokeswoman for state prosecutors in the State of Mexico, a populous region that borders much of the capital.
She did not give details of what the ritual involved.
The mother is believed to have removed the eyes with her bare hands because the boy refused to close them during the ceremony, police told a news conference.
Officers found the mutilated boy in the house on Thursday morning, before rushing him to a hospital in Mexico City for treatment. 

Guardian: Bradley Manning military trial: group petitions for a more open court
Hosted: Man arrested in disappearance of NYC boy Etan Patz
Independent: Brazil rocked by abortion for 9-year-old rape victim

MSNBC: Underground gay group emerges, shaking evangelical Christian college
LA MIRADA, Calif. -- On the same day President Obama became the first U.S. president to come out in support of same-sex marriage, a group of students announced the presence of the "Biola Queer Underground" at this small evangelical university, touching off a highly-charged debate about Christianity and homosexuality.

The group launched a website and posted flyers around the Biola University campus May 9 with the following message: "We want to bring to light the presence of the LGBTQ community at Biola. Despite what some may assume, there are Lesbians, Gays, Bisexuals, Transgender, and Queers at Biola. We are Biola's students, alumni, employees, and fellow followers of Christ. We want to be treated with equality and respected as another facet of Biola's diversity."
Guardian: Egyptian election results point to strong performance by Muslim Brotherhood Mohammed Morsi looks likely to go on to compete in run-off vote as Amr Moussa asks Mubarak's ex-PM to withdraw

Reuters: Breivik posed like bodybuilder after arrest
Youtube; How to Sponsor a Uterus : Please share and save an American woman...from herself.
WashingtonPost: Fed judge rules anti-gay marriage law, benefits limit for domestic partners ...

CNN: Plane passenger restrained on Miami flight
Miami (CNN) -- A "disoriented" American Airlines passenger was restrained Friday after his flight landed safely in Miami, the airline said.
The man stood up from his seat in the main cabin as the plane taxied to the tarmac, refusing to obey the crew's instructions to sit down, American Airlines said in a statement. He "moved toward the front of the aircraft where he was subdued, the statement said.
The man was handed over to Miami-Dade police who were called to Flight 320, which had departed from Montego Bay, Jamaica.
The plane landed 10:12 a.m. ET -- 13 minutes ahead of its scheduled arrival time, though the reason for the early arrival was unclear.
CNN affiliate WSVN reported that the passenger tried to rush the cockpit and was restrained by two other passengers before authorities arrived.
CBSNews: Drunk passenger restrained, arrested on AA flight in Miami

NYT: Prosecutors Face Penalty in '08 Trial of a Senator
Truthout: Florida Congressman Demands Gov. Rick Scott "Immediately Suspend" Voter Purge 
FirstRead: Obama calls Romney speech 'a cow pie of distortion'

NBC: Great divide for Obama, Romney: investment, profits, 'fairness'Alternet: Why I Stopped Being a Right-Winger -- Modern Conservatism Has Become a Form of Mass Hysteria - A former conservative who worked for Reagan and wrote for National Review says the new hysterical right cares nothing for truth or dignity.  

Commondreams: Violence Against Women Act Stalled by Deadlock Congress… 

TinfoilPalace: Never Give Up - (Love this - Emeline)
TinfoilPalace: Unidentified Star Like Object in MO

TheOilAge: Of Mice and Men
TheOilAge: Wireless hazards/evidence of harm
HubbertsArms: Food Cures You Can Grow at Home
HubbertsArms: Failure To Launch

SilentCountry: Maybe There IS a God: Newt Goes Broke Running For President
SilentCountry: Strangers at the Gate
DestinyCalls: Tesla vs. Edison (viral cartoon), Forbes Response
DestinyCalls: Long hair and its properties

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