Friday, July 13, 2012

Breaking News Fri. July 13, 2012

Happy Friday one and all! First, here's a message from
EARTH-DIRECTED X-FLARE: Big sunspot AR1520 erupted on July 12th around 16:53 UT, producing an X-class solar flare and hurling a CME directly toward Earth. Forecasters expect the cloud to arrive on July 14th. Its impact could spark moderate to severe geomagnetic storms, allowing auroras to be seen at lower latitudes than usual.
The explosion also strobed Earth with a pulse of extreme UV radiation, shown here in an image captured by NASA's Solar Dynamics Observatory:

...and remember the "survivalist" guy that killed his wife and daughter then hid in his bunker where he later killed himself rather than be captured? Here's the latest news on that as well as a video he'd made.

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.
Don't forget to stop by the forums, you can find them linked at the bottom of this post.

well, cutting it short today, gotta go paint! LOL
see you all tomorrow, have a nice evening.

Peak Oil and Energy News
DallaseObserver: America's Petro-Terrorists
How greedy speculators bought politicians and drove up the price of oilFinancialSense: Brazilian Oil Dreams Get Sobering Reality Check 

Global Conflict
WSJ: Syria Moves Chemical Stockpile  - In a development that has alarmed many in Washington, Syria began moving parts of its vast arsenal of chemical weapons out of storage facilities.
Telegraph: Reports of mass killings by Syrian army in Treimsa

NYT: New Massacre Reported in Syrian Village as Security Council Meets
WSJ: Delta Flight to Madrid Returns to JFK After Device Is Found
BBC: London 2012: Olympic missile tenants in terrorist fear - 09 Jul 2012 Council tenants have argued a plan to place surface-to-air missiles on their tower block during the Olympics could make them a terrorism target.

ABCNews: Terror Suspect Tagged, Tracked, Nabbed Near Olympic Park 09 Jul 2012 An accused terrorist was re-arrested for repeatedly getting too close to London's Olympic Park thanks to a GPS monitoring device that British authorities have used in special cases to track terror suspects who may pose a risk but cannot be prosecuted, local authorities said Sunday.
Telegraph: Sir John Sawers: Secret courts necessary to stop 'wannabe terrorists' finding out MI6's secrets

CSMonitor: Syrian army accused of attacking hundreds (+video)
WashingtonPost: Activists post videos showing some of the dead from latest massacre reported in Syria Cyber war on Iran has only just begun
Guardian: Syria crisis: Tremseh 'massacre' - live updates

BBC: China morning round-up: A US-China stand-off
HindustanTimes: China sends big fishing fleet to disputed Spratlys
NPR: China Says Navy Ship Hits Rocks In Disputed Waters

SeattleTimes: US piles more sanctions on Iran
Guardian: Syria: at least 200 killed in Hama province massacre, say activists - If confirmed, killings in village of Tremseh would represent single biggest massacre since uprising began

LAT: LAPD, Occupy protesters clash over chalk-drawing demonstration
MSNBC: Citywide tactical alert as Occupy LA protesters skirmish with riot police

Hacker News
SanJoseMercuryNews: Yahoo password theft could affect Gmail, Hotmail, AOL users, researcher says
Wired: Yahoo Security Breach — What It Means to You

Domestic Financial News
CNNMoney: Libor tinkering no secret on Wall Street 
Reuters: JPMorgan profit falls on $4.4 billion trading loss
Reuters: San Bernardino under investigation, mulls bankruptcy move

Forbes: Libor Lawsuits Are Piling Up And Could Cost Billions, Banks Brace For Another Big Legal BattleTelegraph: Digg, one-time social media darling, sold for $500k
Businessweek: Why Some Cities May Try to Seize Mortgages

Reuters: Counterparties: America attempts to retire -- Back in the spring of 2008, Roger Lowenstein came out with While America Aged, warning that the fragility of America’s pension plans “loom[s] as the next financial crisis”. Thanks to Lehman Brothers, his timing was a bit off. As Phillip Longman explains in a great piece in the Washington Monthly, now might be the time to start worrying:

Zerohedge: "The Use Of Temps Is Outpacing Outright New Hirings By A 10-To-1 Ratio"
Reuters: US Fed balance sheet grows in latest week 

EconomistMom: Let’s Hit the “Reset” Button on the Bush Tax Cuts - Bill Gale is very wise in this CNN opinion piece. He reminds us that policymakers continue to treat the Bush tax cuts with far more love than they deserve:
FDL: Housing Groups Point to Justice Department as Stonewalling Investigations into Banks

Zerohedge: Guest Post: Fed Has No Hammer, Uses Handsaw And Chisel To Pound Nails - The Fed is promising once again to pound nails with the only tools in its toolbox, a saw and a chisel. The "nails" the Fed is trying to pound down are unemployment and deflation. Needless to say, whacking these big nails with a handsaw and a chisel is completely useless: they can't get the job done. The Fed claims all sorts of supernatural powers to sink nails at will--"unconventional monetary policy," quantitative easing, money dropped from helicopters and so on. But all it really has are two tools which have no positive effect on unemployment or the real economy.

FDL: Global Investors Sending Giant Signal to U.S.: Please Borrow Money!
WSJ: Peregrine CEO Arrested
ETFDaily: Food Demand Is On The Rise: Why Jim Rogers Is Investing In Farmland 
DealBook: Geithner Tried to Curb Rate Rigging in 2008

CNBC: Market Savior? Stocks Might Be 50% Lower Without Fed

Global Financial News
WSJ: Chinese Luxury Appetite Wanes 
CuriousCapitalist: China’s Economic Growth Slows Despite Stimulus 
Businessweek: The Mormon Global Business Empire

WSJ: Spaniards Feel Sting of Big Budget Cuts
Zerohedge: Forget China's Goal-Seeked GDP Tonight; This Is The Chart That Keeps The PBOC Up At Night
WSJ: China's Growth Slows to 7.6%

Hosted: Moody's downgrades Italy's government credit rating 2 notches, keeps negative outlook
Spiegel: International Survey: Crisis Batters Global Faith in Capitalism
BusinessInsider: The Euro Is Getting Absolutely Destroyed Today

GlobeAndMail: Greek jobless rate hits record 22.5 per cent
SeattleTimes: China's economic slowdown painful despite stimulus 
Reuters: Japan eyes electricity deregulation to boost competition

ETFDaily: Jim Rogers: Duck and Cover, Your Cash Is NOT Safe; Buy Physical Gold & Silver
CNBC: 'Bad News' for Commodities Regardless of China GDP: Trader

M 4.8, 38km S of Karangbadar Kidul, Indonesia
M 4.2, 7km NW of Aratoca, Colombia

Guardian: Drought leads to declaration of natural disaster in 26 US states - Decision means farmers who have lost crops in more than 1,000 counties are eligible for assistance from government
MSNBC: Exploding hay, watering bans as drought widens
From exploding hay bales to a sprinkler ban in Indianapolis, much of the U.S. is being tested by a hot, dry summer and a drought now covering 61 percent of the Lower 48 states.

Fortune: "Our planet will truly be toast"
FORTUNE -- Jeremy Grantham, one of the world's most famous investors and environmentalists, is known for his blunt, often less-than-cheery views on the global economy. Speaking at a conference in Oxford, England on Thursday, he wasn't just pessimistic -- he was downright apocalyptic.
Wired: Solar Storm’s Auroras May Dance Above Mid-U.S. This Weekend
ENENews: PHOTOS: Tokyo police preparing early for protesters — Large buses with no windows, accordion gates to seal off streets 

GuyMcPherson: A warm reception in a cold country

America in Decline
MSNBC: Worker sold child porn at Wendy's drive-through - A drive-through worker at a San Antonio Wendy's restaurant is heading to prison after selling customers more than just fries.

Food and Water
TransitionVoice: America’s most famous farmer puts America over his knee

Yup, American kids are dumber than spit about where their food comes from these days. But you can hardly blame them, given that American adults have set up perhaps the world’s most confusing food system, where most food is made and processed in a black box entirely opaque to consumers.

As one student explained to a high school art teacher, his family didn’t have a cooking pot at home because the family just opened the box and put it in the microwave. That family could be any of our families.
MSNBC: Home cooks' safety flubs caught on camera - Researchers who filmed nearly 200 California residents as they prepared salad and hamburgers at home found disturbing problems with hand-washing, cross-contamination and cooking mistakes, even in the presence of a video crew.

Zerohedge: Food Price Spike Dead Ahead: US Cuts Corn Crop Forecast By 12% As 56% Of America Is Under Drought Conditions

NYT: Obama’s Fantastic Boring Idea - The farm fields here are cemeteries of cornstalks: a severe drought has left them brown, withered and dead. Normally, a failed crop like that signifies starvation. Then television cameras arrive and transmit images of famished children into American and European living rooms. Emergency food shipments are rushed in at huge expense. Yet there is a better way, and it’s unfolding here in rural Malawi, in southern Africa. Instead of shipping food after the fact, the United States aid agency, U.S.A.I.D., has been working with local farmers to promote new crops and methods so that farmers don’t have to worry about starving in the first place.
Grist: Insult to injury: How the House snuck protection for GMOs into their farm bill

Science and Technology
PopSci: Splicing a 500-Million-Year-Old Gene Into Modern Bacteria
TranshumanTech: A Million-Year Hard Disk

Medical and Health
ABCNews: 5 Taken to Hospital After Plane Diverted to Philly - Fire department officials say five people were taken to a hospital from a plane diverted to Philadelphia International Airport after crew members reported feeling ill due to an odor on board.
Telegraph: Pioneering plastic surgery records from First World War published 

CBSNews: GOP pressing on with contraception lawsuit - Federal lawsuit is challenging a rule that requires contraception coverage in health care plans.
Statesman: Health law would cost Texas less than forecast

Doomsteading, Gardening, Urban Farming
ModernSurvivalOnline: Google censoring firearm related shopping - Several weeks ago I received an email from Google related to some changes to Google Affiliate programs. I have a Google Affiliate account and had been approved to be an affiliate for businesses such as The Sportsman’s Guide and Cabela’s. I have not really done much with it and now I certainly will not.
CanadianDoomer: Canning for Six in 1941

Other News
SFGate: New recordings show Zimmerman's many police calls
WashingtonPost: DC officer allegedly made threatening comments about first lady
NYMag: FBI Sources Say George Zimmerman Isn't Racist

ABCNews: Autistic Man Survives 3-Week Ordeal in Utah Desert
MSNBC: Analysis: Paterno could have been indicted if he'd lived
GlobeAndMail: Three horses killed at Calgary Stampede in chuckwagon event 

CBSNews: Mom admits beating, gluing girl to wall - Texas woman pleads guilty, faces potential life sentence for injuring daughter, 2, apparently over potty training
CBSNews: Wis. father charged in 3 daughters' deaths

Guardian: Mexico drug-smuggling tunnels unearthed near US border - video
Guardian: South African farm workers killed as truck collides with freight train

CBSNews: 1 chimp dead, 1 tranquilized after Vegas escape
CSMonitor: Bonnie and Clyde weapons to be auctioned

Hosted: Documents conflict on when Romney left Bain Romney attacked on Bain question
ABCNews: Congressman's 'Mood Disorder' Raising Questions

Time: Obama Campaign Says Mitt Romney Is Either A Crook Or A Liar
Politico: Sarah Palin: Condoleezza Rice would be 'wonderful'

Krugman: Who’s Very Important? - “Is there a V.I.P. entrance? We are V.I.P.” That remark, by a donor waiting to get in to one of Mitt Romney’s recent fund-raisers in the Hamptons, pretty much sums up the attitude of America’s wealthy elite. Mr. Romney’s base — never mind the top 1 percent, we’re talking about the top 0.01 percent or higher — is composed of very self-important people. Specifically, these are people who believe that they are, as another Romney donor put it, “the engine of the economy”; they should be cherished, and the taxes they pay, which are already at an 80-year low, should be cut even further. Unfortunately, said yet another donor, the “common person” — for example, the “nails ladies” — just doesn’t get it. O.K., it’s easy to mock these people, but the joke’s really on us. For the “we are V.I.P.” crowd has fully captured the modern Republican Party..

FDL: Romney Discrepancies Over When He Left Bain Capital Could Constitute a Felony
LAT: Romney supporters attack Obama for Bain attacks

TinfoilPalace: 14 Incredibly Creepy Surveillance Technologies That Big Brother Will Be Using To Spy On You
TinfoilPalace: The Missing Secrets Of Nikola Tesla

TheOilAge: Orlov: peak oil oppositional disorder neurosis or psychosis?
TheOilAge: Berkeley(!) to ban sitting on sidewalks

HubbertsArms: You are a terrorist.
HubbertsArms: Visionary fined $200,000 for home 'improvements'

SilentCountry: The Coming Anarchy
SilentCountry: And now something different...torrential rain

DestinyCalls: Astral Travel
DestinyCalls: Mesmerizing: An excerpt from Antero Alli’s experimental film ‘The Greater Circul

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