Tuesday, July 17, 2012

Breaking News Tues. July 17, 2012

From Guy McPherson
Television anchor Edward R. Murrow is credited with this expression: "Just because your voice reaches halfway around the world doesn't mean you are wiser than when it reached only to the end of the bar." Murrow understood the power of television to misinform the masses. This strategy has worked brilliantly on every front, but none more pronounced than the all-important issue of global climate change. Seeking "balance" on the idiot box means presenting two sides to a one-sided issue until it's too late to address the crisis.

Much thanks to RJ at the Global Glass Onion and the Ozarker at Conflicted Doomer , and to Doug at 3Es News and David at ETF Daily.
Do continue to support their good work and visit their blogs and sites today.

Peak Oil and Energy News
NYT: A Murky Value Case for a Higher Ethanol Blend
S. Korea cuts back on Iranian oil imports
BBC: Oil prices could be rigged by traders warns G20 report 

Technolog: In wake of Fukushima, Japanese village goes all-solar

Global Conflict
ArabNews: Revolt at 'turning point' as battles rage in Damascus

Damaged buildings are seen in Karm Chmchm near Homs. (Reuters)

Syria: Assad regime 'ready to use chemical weapons'
Businessweek: Syria uses helicopters to battle rebels in capital

BBC: Hillary Clinton issues new Iran warning on Israel visit
MSNBC: US sends aircraft carrier to Persian Gulf early
NYT: Unity Government in Israel Disbanding Over Dispute on Draft

KitsapSun: DOD confirms Middle East plans for USS Stennis
Reuters: Syria fighting closes in on capital
WSJ: Pentagon Bulks Up Defenses in the Gulf
CNN: Coast Guard closes Detroit's Ambassador Bridge after threat
HamptonRoads: Aircraft carrier Stennis going to Middle East early
NYT: Fighting Spreads in Damascus; Russia Resists Pressuring Syria

Bloomberg: U.S. Envoy Vows Probe After Navy Firing Kills Indian Off Dubai
WashingtonPost: Intense fighting rocks Syrian capital
MSNBC: From Cold Warriors to targeting trafficking: US military shifts focus in Europe
CNN: Clinton warns Sinai could turn into jihadist haven

ABetterWorldIsProbable: Organizing around student debt - Occupy raised the profile of debt as a collective personal problem, that is to say, it showed people that they’re not alone.
Phys.org: London riots will happen again: expert

Domestic Financial News
SFGate: Debt Doomsday 4 Years Away for Biggest Treasuries Owner Vanguard 
PoconoRecord: Pension hike could bankrupt northeast Pa. school districts
CNNMoney: IMF: Deal with fiscal cliff and debt ceiling soon -- Hit the brakes on the fiscal cliff and hit the gas on raising the debt ceiling. That was the message to Congress from the International Monetary Fund on Monday. 

Multiplier-Effect: A Debt Jubilee via Eminent Domain? - Local government officials in San Bernardino county have apparently heard enough about how the overhang of mortgage debt is holding back the recovery, and they’re considering taking matters into their own hands.
Bloomberg: Poll Finds Americans See Ending Tax Cuts for Wealthy Beneficial

WSJ: ‘Underwater’ Refis Grow; Critics Not Satisfied - The number of homeowners refinancing their mortgages under a revamped federal program grew in May, but critics are still pressing a federal regulator to do more.
SoberLook: The 5yr treasury yield hits a record low - The recent compression in US treasury yields has been nothing short of extraordinary. Driven by the full realization that we are in a global slowdown, the 5-year hit a record low today of just under 0.6%, following a decline that has been ongoing for decades.
CuriousCapitalist: U.S. Retail Sales Fell 0.5 Percent in June - Americans cut their spending at retail businesses for a third straight month, as a weak job market has made consumers more cautious.

CalculatedRisk: Downward Revisions: Q2 GDP Tracking around 1.1%

WSJ: How Much Could States Benefit From Online Sales Tax? - Tax-free sales on the Internet may be coming to an end, and in some states that could mean a big boost in revenue.
Reuters: San Bernardino, Calif., postpones decision on fiscal emergency

Here's the sort of thing we're proud of in TN! Good Grief.
WorkItTriCities: Region offers low employment costs, study reveals -Thumbtack.com, in partnership with the Kauffman Foundation, recently released data showing that small businesses rank Tennessee among the top 10 least costly states nationwide for hiring a new employee.
NPR: What Americans Earn
S&P: Q2 EPS Outlook
NPR: How A Bloated Wall Street Can Hurt Growth 
NBC: Fed has little room left to revive growth

Slate: The New Artisan Economy
Manufacturing jobs aren’t coming back. Neither are construction jobs. America’s workers need to learn some new skills to stay ahead.
NYT: Weakness in Retailing Dims Outlook

Reuters: Idle corporate cash piles up

BottomLine: Report: HSBC allowed money laundering that likely funded terror, drugsUSAToday: Bernanke offers downbeat view of economy, but no action
TimesUnion: Report: State budget perils are systemic

Global Financial News
SFGate: German Court Won’t Rule on Bailout Fund for 8 Weeks
Reuters: IMF cuts global growth forecast; warns on euro zone
Bloomberg: Madrid Region to Sell 100 Office Buildings Amid Austerity

Mish: Peugeot Has 51% Chance of Debt Default; Hollande Says France Will Not Let Peugeot Lay Off Workers
ETFDailyNews: Brazil ETFs: More Trouble On the Horizon? (EWZ, BRF, EWZS, GXG, ECH, EPU, EWW)
SoberLook: Stagflation risks rising in Asia; could impact global growth

CommodityOnline: US Gold Silver mines production declines in April: USGS
Mineweb: DRDGold - mining where the sun shines

M 2.6, 38km SE of Esperanza, Puerto Rico
M 3.1, 24km E of Miches, Dominican Republic

WitsEnd: Anagnorisis
ENENews: “Extremely Strange”: Prime Minister Kan believes Tepco hiding key evidence — Claims its hard drive was full (VIDEO)
Bloomberg: Monsoon Worst in Three Years Threatens India Food Harvests

ClimateChangePsychology: Shell Loses Control Of Arctic Drilling Rig, "Noble Discoverer," in Dutch Harbor, Alaska

PostAndCourier: Environmental concerns raised over Georgia dredging | The Post and Courier | Charleston SC, News, Sports, Entertainment: Three Lowcountry state senators voiced concern last week that mud polluted with a toxic chemical will be dumped at the future Jasper County port site, which could make developing the property more difficult.

ClimateCrocks: Greenland. The Giant Stirs, ever So Slightly.
PatriciaShannon: Death Valley records a low of 107°F (41.7°C): a world record -- On Thursday morning, July 12, 2012 the low temperature at Death Valley, California dropped to just 107°F (41.7°C), after hitting a high of 128° (53.3°C) the previous day. Not only does the morning low temperature tie a record for the world's warmest low temperature ever recorded, the average temperature of 117.5°F is the world's warmest 24-hour temperature on record. According to weather records researcher Maximiliano Herrera, the only other place in the world to record a 107°F low temperature was Khasab Airport in the desert nation of Oman on June 27, 2012.
Spiegel: Mouse Plague Hits Central Germany - SPIEGEL ONLINE: Under normal circumstances, you might think the 12-centimeter (5-inch) long field mouse looks innocent, or even cute. But farmers in the central German states of Thuringia and Saxony-Anhalt wouldn't agree at the moment. The furry rodents are currently wreaking havoc in the states, which are suffering the worst field mouse plague in over 30 years.

HuffingtonPost: Korean Drought Worst In A Century For North And South Korea
OutdoorHub: U.S. Declares Drought-Stricken States to Be Largest Natural Disaster Ever
Weather.com: 2012 Drought Rivals Dust Bowl - This year's drought ranks among the 10 largest drought areas of the past century, the National Climatic Data Center is expected to announce today. Preliminary data computed from the Palmer Drought Severity Index shows that 54.6 percent of the contiguous 48 states was in drought at the end of June, the highest percentage since December 1956, and the sixth-highest peak percentage on record. Monday's State of the Climate drought report from NCDC is expected to show that since 1895, only the extraordinary droughts of the 1930s and 1950s have covered more land area than the current drought.

ClimateCentral: Midwest to Mid-Atlantic Bracing for Onslaught of Heat
WashingtonPost: Northern Hemisphere warmest on record, Arctic ice has biggest melt in June

ClimateCentral: Explaining Explosion of Daily Record Highs Easy as Pie
- As the climate has warmed during the past several decades, there has been a growing imbalance between record daily high temperatures in the contiguous U.S. and record daily lows. A study published in 2009 found that rather than a 1-to-1 ratio, as would be expected if the climate were not warming, the ratio has been closer to 2-to-1 in favor of warm temperature records during the past decade (2000-2009). This finding cannot be explained by natural climate variability alone, the study found, and is instead consistent with global warming.

NewYorker: Is the Heat Wave of 2012 What Climate Change Looks Like?
ChicagoTribune: Heat advisory today with highs around 100

America in Decline
Salon: Limbaugh: Jobless must suffer
“The sad truth is that employment is not pivotal…No job, no employment, no pain. For a whole heck of a lot of people whose expectations for themselves are not very high….There are no jobs, and yet they’re still eating. I’m telling you, there’s a new reality out there….Because it’s not resulting in that much pain, not nearly as much as it used to….The so-called victims of the unemployment circumstance are not suffering as unemployed people in the past did.”

Food and Water
JournalStar: State orders irrigators to stop pumping water: More than 1,000 irrigators across Nebraska have been ordered by the state to stop pumping from rivers and streams until drought conditions improve.
Bloomberg: Worst-in-Generation Drought Dims U.S. Farm Economy Hopes - A worst-in-a-generation drought from Indiana to Arkansas to California is damaging crops and rural economies and threatening to drive food prices to record levels. 

BigPictureAgriculture: Agriculture News July 16, 2012 - As many places around the globe flooded last week, the U.S. drought continued to cause crops here to deteriorate.Reuters: New York City fast food chains cut trans fat under regulations

CattleNetwork: USDA: Corn condition drops 9 percentage points
CattleNetwork: Schwieterman: Crop condition lower than expected, yields falling
Bloomberg: Good Dirt Gone Dry Wilting Corn Crop as Food Costs Rally

Science and Technology 
BigThink: A Vision of Crimes in the Future

Wired: Record-breaking Laser Hits 500 Trillion Watts
MSNBCPhotoblog: Storm from space sparks greatest light show on Earth
CNN: Turn your iPhone into a stun gun

Medical and Health
PopSci: Bio-Retina Implant Could Give Laser-Powered Sight to the Blind
CNN: The deadly world of fake medicine
MSNBC: Rise in pill abuse forces new look at U.S. drug fight  - Officials are debating how to better reduce demand for painkillers

PopSci: FDA Approves First HIV-Prevention Drug
TodayMoms: Girls as young as 6 want to be 'sexy,' study says

Doomsteading, Gardening, Urban Farming
IfItHitsTheFan: Disaster Preparedness Fair  - Free For Folks In The Tidewater Area of Virginia

Other News
WashingtonPost: Ariz. man accused of putting daughter in footlocker for punishment
TeemingBrain: If Science Kills God, What Fate the Devil?
ChicagoTribune: Prosecutors: 62-year-old's death just a game for 3 teens
The game is called "Pick 'Em Out and Knock 'Em Out," according to prosecutors, and it's quick, violent and comes with just a few rules: Select an unsuspecting random victim in public and cold-cock him. Robbery is optional.

That's what three Chicago teens were up to early one morning last week when they recorded a deadly one-punch attack on a 62-year-old man that was posted on Facebook, leading to their arrests on first-degree murder charges, prosecutors said Monday in court.

Delfino Mora, a father of 12, was collecting cans in an alley on the Far North Side when he was struck and fell hard on concrete.

The "Knock 'Em Out" game, while rarely acknowledged by authorities, has surfaced in recent years in news accounts of attacks in Chicago and other Midwest cities. Mora's death also marked the latest in a string of recent Chicago cases in which youthful attackers recorded beatings and put them online.
SeattleTimes: 1st female country superstar Kitty Wells dies ABCNews: Boy Scouts Reconfirm Anti-Gay Policy 

WSJ: GOP Opposition Scuttles Law-of-Sea Treaty
KeithHennessey: Why not expand Medicaid? - Last week former Michigan Governor Jennifer Granholm (D) argued that any Governor who rejected the Affordable Care Act’s new Medicaid expansion was either stupid or evil.

WashingtonPost: Republican fundraising engine shifts into a higher gear
McClatchyNation: Condi Rice for VP – inspired choice or disaster?
TheNation: Republicans Poised to Block Campaign Finance Disclosure Bill
WSJ: Political Perceptions: Obama Maneuvering Puts Romney on the Spot
Slate: Hacks Like Us
The Tea Party and other grassroots conservatives are starting to back real-life politicians over the “citizen politicians” they claim to embrace.
TinfoilPalace: Free Science Books.
TinfoilPalace: Mind-blowing ILLUMINATI predictive images

TheOilAge: Police state 2012 Olympics
TheOilAge: Perspective, please: husband is obsessed with guns

HubbertsArms: Israeli Study: Yemen Will be Site of Proxy Conflict Between West, Iran & Gulf
HubbertsArms: 'Cannibal cult members' arrested for murder eating raw brains making penis soup

SilentCountry: What I did to prep today

SilentCountry: Risks to economic growth rising: IMF

DestinyCalls: Unexplained Magazine.
DestinyCalls: Scientific Evidence Proves why Healers See the "Aura" of People

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