Tuesday, May 8, 2012

Breaking News Tues. May 8, 2012

First off, I have got to thank Matt Cardin for posting the hysterical video over at  The Teeming Brain
I have laughed all day!!! thanks Matt! Go now, check it out!
 and the following sad news from the Ozarker.
MSNBC: 'Where the Wild Things Are’ author Maurice Sendak dead at age 83

Much thanks also to RJ at the Global Glass Onion and the Ozarker at Conflicted Doomer , and to Doug at 3Es News and David at ETF Daily, for their help today! These good friends help make this blog what it is so do, go by and help support their efforts and hard work.

Peak Oil and Energy News
CalculatedRisk: Update: Gasoline Prices down 15 cents year-over-year
RawStory: Toyota unveils ‘first all-electric SUV’
AdvisorPerspective: Weekly Gasoline Update: The Fourth Week of Price Declines

Reuters: Saudi's Naimi says kingdom pumping 10 million bpd
Hosted: China to begin deep water drilling in disputed sea
PeakOilNews; Aleklett’s new analysis of peak oil is refreshingly comprehensive

Global Conflict
CBSNews: US won't negotiate with al Qaeda on American hostage Warren Weinstein
Reuters: Israel set for early vote as it ponders Iran challenge
BusinessInsider: The CIA Foiled A Bomb Plot Aboard A US Bound Jet On The Anniversary Of Bin Laden's Death

Reuters: Israeli court rules against Palestinian hunger strikers
LAT: US thinks underwear bomb was built by Al Qaeda in Yemen
Reuters: Mexican female assassin suspected of 20 killings 

TheAtlantic: Forget That No-October-Surprise-Iran Attack Business I Was Talking About Before
Bibi Netanyahu seems to have solidified his coalition through 2013 by bringing in the Kadima Party, formerly headed by his arch-foe Tzipi Livni, now headed by his not-so-arch foe Shaul Mofaz. If the reports out of Israel are true, this means no election September 4, and it means that Netanyahu can proceed apace with whatever he's thinking about doing re: Iran's nuclear sites.

HuffingtonPost: Israel Unity Government Unveiled By Prime Minister NetanyahuIBTimes: Clinton Urges Pakistan To Fight Terrorism, Asks India To Cut Iranian Oil Imports
SeattlePI: Media watchdogs decry Egypt attacks on reporters

VCStar: AP Interview: Pakistan army says US scapegoating 
BBC: Israeli PM Netanyahu strikes surprise coalition deal
GlobeAndMail: Hours after CIA drone strike, al-Qaeda attacks Yemeni base, kills 22 

Telegraph: A brutal crackdown may be coming for Russia's renewed opposition
CNN: Bomb plot shows new level of sophistication, lawmaker says

BusinessInsider: Former Wall Streeter Explains Why She Joined Occupy Wall Street

Domestic Financial News
CalculatedRisk: Housing: Inventory declines 21% year-over-year in early May
BusinessInsider: It Took Pepsi Execs Nine Months To Figure Out How The Brand Is Different From Coca-Cola

CapitalGainsAndGames: The Cliff: Coming Soon To A Political Theater Near You
ETFDailyNews: I Hate To Burst Jim Rogers Bubble… The Dollar Is Going To Stay On Top Through The Twenty-First Century
WSJ: Student Loans, Credit Cards Push Up Consumer Debt - U.S. consumer credit expanded in March at the fastest pace since late 2001, boosted by higher student borrowing and a rebound in credit-card use.
MyBudget360: The chicanery between the Fed and ECB - twin balance sheets near peak levels and many European nations back in recession. Methods of understating US unemployment rates.

Economix: Baby Boomers and the Shrinking Work Force - Among the lowlights of the jobs report for April was the news that the share of adults who are either working or looking for work fell.
DailyBeast: Why Can't Obama Bring Wall Street to Justice?

Businessweek: The Recovery Squeezes the Middle Class
SeattleTimes: US consumers stepped up borrowing in March 
Marketwatch: U.S. to run first surplus since 2008: CBO

Zerohedge: Guest Post: The Treasury Bubble in One Graph - What are the classic signs of an asset bubble? People piling into an asset class to such an extent that it becomes unprofitable to do so.
FiscalTimes: Will Limiting Inflation Mean Limiting Growth? - At some point during the recovery, the Fed may face an important decision. If the inflation rate begins to rise above the Fed’s 2% target and the unemployment rate is still relatively high, will the Fed be willing to leave interest rates low and tolerate a temporary increase in the inflation rate? Probably not.

CBSNews: Student loan bill fails as Senate gears up for protracted battle
USAToday: GOP blocks Senate debate on student loan bill
Bilbo: US labour market on a knife-edge – stimulus is needed
US1: It’s All About the Fraud: Madoff, MF Global & Antonin Scalia

Economix: Will Rich People Desert the U.S. If Their Taxes Are Raised? - On April 30, the Treasury Department announced that 461 Americans had renounced their citizenship in the first quarter of 2012. A 1996 law requires that every person doing so be named, with their names published in the Federal Register. The idea is to shame those who may be renouncing their citizenship solely to escape taxation.

Global Financial News 
Reuters: Attempt to form Greece government fails after shock poll
CreditWritedowns: Norway dumps Irish and Portuguese bonds, Switzerland increases Sterling reserves

Kunstler: 1, 2, 3, Puke
Hosted: Austerity now dirty word in Europe, but what next?
MiamiHerald: Despite French and Greek elections, austerity measures are likely to remain in force 

Spiegel: The EU's Black Holes: Saving the Euro Will Require Banking Sector Reform
TheAtlantic: Creepy Video of Greek Neo-Nazi Party Leader - I don't know what's more unsettling--the demagogic rant delivered here by Golden Dawn Party leader Nikolaos Nichaloliakos, or the part before the rant, when his advance team intimidates journalists into standing as he enters the room. In any event, the Greeks had better get used to this kind of spectacle, because Golden Dawn will, after yesterday's election, have a presence in parliament. I have a couple of thoughts below the video player.

CharlesHughSmith: Global Reality: Surplus of Labor, Scarcity of Paid Work - The industries that are increasing productivity do so by eliminating entire industries and entire job categories.
McClatchy: Europe elections aside, experts say austerity is far from dead

CBSNews: "Austerity" is now a dirty word in Europe
Spiegel: The World from Berlin: 'Germans Won't Pay for Greece's Vacation from Reality'

TAE: A Defiant, Yet Desperate Leap Into the Dark - It is now 100% clear to everyone that the European people, and specifically the Greek people, are almost unified in their resistance to further austerity. Last year, we would occasionally hear some ill-informed pundits squack on about how most of the Greeks still like the Euro and wouldn't really mind making "a few" sacrifices to stay in it, but now those people are forced to shut up, sit back and learn a thing or two. The message of "no more austerity for the people and welfare for the banks" has reached an unquestionable level of pitch perfection.

Reuters: Analysis: Petro-dollar windfall could help China's rebalancing
Independent: Deadlock pushes Greece closer to euro exit
CNN: Stocks sink as investors unnerved by Greece

Mish: Top Tweet in Spain "Do as Iceland Did" CNN: Greek leftist leader lays out radical agenda
Zerohedge: Europe Wasn't Destroyed In A Day - Just like Rome wasn’t built in a day, the Eurozone won’t be destroyed in a day, but it is on a path that leads to eventual dismantling.

BBC: Greek threat to scrap EU bailout
Guardian: François Hollande, and why the Germans can rest easy

Mineweb: Chile's April copper export revenue slips to $3.583bn
CommodityOnline: Aluminium outlook bullish on China demand: Goldman Sachs
Mineweb: Silver at lowest since January, China should offer key support for gold

M 2.6, Northern California
M 5.0, off the east coast of Honshu, Japan
WildlifeNews: Wolf mortality in Idaho, a final toll. 48 – 59 percent of Idaho wolves killed in one year.
ArcticNews: Temperature rise projections 
Grist: ‘Hug the monster’: Downplaying the climate threat won’t work as a survival strategy

OrangeCountyRegister: OCFA: Nothing radioactive in crash with 1 dead, 1 injured 
ExtinctionProtocol: Snow in Scotland as Met issues early weather warnings for next week

ClimateCrocks: News Flash: Insurance Company Flees Heartland Stable. Has Heartland Bought the Farm? - Screen shot from the State Farm Insurance Facebook page. State Farm is ending its association with the Heartland Institute.
IBTimes: Drugs Fed by Rave-Goers, Not Antibiotics Or Noise, Killed Dolphins In Swizz Zoo: Report

USAToday: Public support slips for steps to curb climate change 
ScientificAmerican: How Biodiversity Keeps Earth Alive  - Species loss lessens the total amount of biomass on a given parcel, suggesting that the degree of diversity directly impacts the amount of life the planet can support

MNN: Brain scans reveal dogs' thoughts

America in Decline
MSNBC: US files charges against American who alleged torture
NYT: An Old Texas Tale Retold: the Farmer vs. the Oil Company
Then on Aug. 26, 2011, Ms. Crawford received a letter from Keystone, TransCanada’s American subsidiary. The letter made a “final offer” of $21,626. Then, it said, “if Keystone is unable to successfully negotiate the voluntary acquisition of the necessary easements, it will have to resort to the exercise of its statutory right of eminent domain.”

“In other words,” Ms. Crawford said, “sign or we’ll take it.”

HuffingtonPost: GOP's Violence Against Women Act Would Open Up Undocumented Victims To More Abuse
BuyingQP: Out of work but not unemployed – storing up the cost of future US unemployment - There are some worrying underlying trends for people out of work: 42.5% have been unemployed for over 26wks, and once people are out of work for over a year their chances of returning to the labour market are less than 10%.
EPI.org: Depressing graph of the day: The long-term unemployed

Food and Water
Bottomline: 'Pink slime' maker to close three plants
Slate: Pink Slime Is Just the Beginning  - A ProPublica roundup of the best investigative reporting on food processing and safety.

Rodale: Free range eggs: The Truth About Your Eggs

Bloomberg: Soy-Crop Bust Spurs China to Drain U.S. Bins: Commodities - U.S. soybean stockpiles are poised to drop to the lowest relative to consumption since at least 1965 after the worst drought in five decades decimated crops across South America, driving China to buy more from Midwest farmers.

Internet and Online Privacy News
Technolog: DOJ official: Warrant requirement for location data 'cripples' law enforcement

Science and Technology
BusinessInsider: Tired Of Your iPhone's Autocorrect? Here's How To Fix It (AAPL)
Rawstory: Study: Dinosaurs may have caused extinction with flatulence
Cryptogon: MIT Professor Has Been Running LENR Device Outputting Excess Heat That’s 14X Input Power Since January

PhotoBlog: Trio of twisters spotted on Mars 
RedTape: Discount cellphone sites come with double dose of termination fees, hassles
MarginalRevolution: First license for driverless cars

Medical and Health
SFGate: More Than 40% of U.S. May Be Obese by 2030, Study Says
BusinessInsider: STUDY: Your Six Hours Of Shut-Eye Is Leaving You Horribly Sleep Deprived
PreppingToSurvive: My Best Survival Products, Part 1

FiscalTimes: The Doctor Is In...Your TV: A $27 Billion Business
McClatchy: Health care increasingly out of reach for millions of Americans

TheChart: 9 in 10 moms see overweight toddlers as normal
CNN: Depression in middle age linked to dementia
TheChart: Do ask, do tell about intimate partner violence
Much thanks to Doug at 3Es News for the following story.
Why the Campaign to Stop America's Obesity Crisis Keeps Failing
Most of my favorite factoids about obesity are historical ones, and they don’t make it into the new, four-part HBO documentary on the subject, The Weight of the Nation. Absent, for instance, is the fact that the very first childhood-obesity clinic in the United States was founded in the late 1930s at Columbia University by a young German physician, Hilde Bruch. As Bruch later told it, her inspiration was simple: she arrived in New York in 1934 and was “startled” by the number of fat kids she saw—“really fat ones, not only in clinics, but on the streets and subways, and in schools.”

What makes Bruch’s story relevant to the obesity problem today is that this was New York in the worst year of the Great Depression, an era of bread lines and soup kitchens, when 6 in 10 Americans were living in poverty. The conventional wisdom these days—promoted by government, obesity researchers, physicians, and probably your personal trainer as well—is that we get fat because we have too much to eat and not enough reasons to be physically active. But then why were the PC- and Big Mac–-deprived Depression-era kids fat? How can we blame the obesity epidemic on gluttony and sloth if we easily find epidemics of obesity throughout the past century in populations that barely had food to survive and had to work hard to earn it?

MSNBC: Are airplane seatbelts strong enough for overweight passengers? 
Bloomberg: Drug-Defying Germs From India Speed Post-Antibiotic Era 

Doomsteading, Gardening, Urban Farming
CanadianDoomer: When Is the Best Time to Plant a Tree?

Other News
Rawstory: Georgia opens first jail devoted to U.S. veterans
The problem of US military veterans falling into a life of crime after returning from Iraq and Afghanistan has reached such levels that a law enforcer in Georgia has opened what is believed to be America’s first county jail devoted to veteran inmates.
WBIR: KPD: Suspected stun gun robber behind bars
The victim said the man demanded drugs, and when he told the suspect he didn't have any, the suspect demanded money.  The suspect used the stun gun on the victim several times, but the victim kept fighting back by punching the suspect in the face.  The suspect finally took off.
BusinessInsider: Take A Look Inside The Crazy Underwater Hotel Being Planned In Dubai

RawStory: Train smashes through big rig full of cotton in NC
Hosted: Mom, daughter found dead; 2 sisters still missing 
ABCNews: Kidnap Suspect's Mother and Sister Arrested in Bain Family Disappearance
RawStory: EPA scientist who warned of caustic dust from Ground Zero wins job back
IBTimes: Rare 100-Year-Old Photos of India from the British Raj Era, Part Two [PHOTOS] 
BBC: Nine men guilty in grooming trial - Nine men are convicted of being part of a child sexual exploitation ring in Greater Manchester.  

TheTeemingBrain: A Lovecraftian tragedy? ‘Prometheus’ may have finally killed del Toro’s ‘At the Mountains of Madness’ 

ColumbiaReports: Columbian service providers have no terrorist links (unremarkable) and only nine of 12 were paid for their services (remarkable) 
IPSNews: U.N. Wraps Up Contentious Study of Native American Communities

ABCNews: Conservative super-PACs are 'contract killers,' according to Obama campaign ...
Reuters: North Carolina voters look set to pass same-sex marriage ban
FiscalTimes: A Slew of Ballot Initiatives Could Help Romney
McClatchy: Ron Paul continues offensive, picks up delegates in Nevada and Maine 
CSMonitor: What Rick Santorum's lukewarm endorsement of Mitt Romney means
AngryBearBlog: Romney want a crackerrr??? 

FDL: The Failed American Voter Registration System

TinfoilPalace: Modern Day MKUltra?
TinfoilPalace: To Pole Shift or to World War? . . . That Is (Might Be) The Question

TheOilAge: Be afraid, exultant Greek neo-Nazis warn rivals
TheOilAge: The Scientific and Medical Network

HubbertsArms: 22% (U.S.) believe world will end in their lifetime
HubbertsArms: Planet X simulation leak ?

SilentCountry: Scientists' research warns humanity may be facing 'vortex of death'
SilentCountry: Texas is in t.r.o.u.b.l.e.

DestinyCalls: 90 Minutes of UFO Goodness
DestinyCalls: Suspicious Deaths (Other Than Dead Scientists)

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