Friday, August 17, 2012

Breaking News Fri. Aug. 17, 2012

I hope everyone has a great weekend, I know I'm planning to. LOL
We're getting lovely cool weather and nice rainy days now. Couldn't be better.

I love American Kabuki and hope that you will enjoy the following article by them.

Priorities are a bitch.
The United States won’t prosecute Corzine for raiding segregated customer accounts, but will happily convene a Grand Jury in preparation for prosecuting Julian Assange for exposing the truth about war crimes.

Be sure to stop by and visit our friends,  RJ at the Global Glass Onion and the Ozarker at Conflicted Doomer , and to Doug at 3Es News and David at ETF Daily.

Peak Oil and Energy News
Platts: Sub-Saharan African oil and gas development on the rise (podcast) 
UPI: Oil OK after cyberattack on Saudi Aramco
WSJ: India's Grid Chief Shifts Blame for Blackouts
OilDrum: Shale Gas Assets - Overpriced Or a Liquid Turn for Mining Giant BHP?
and this excellent insight from the Ozarker this morning.
"wonder if this has anything to do with the rise in violence in Iraq.  Good excuse for us to go back in and “quell the violence”? "

NYT: U.S. Reliance on Saudi Oil Heads Back Up
GlobeAndMail: White House weighing release of oil reserves: source
Spiegel: Grid Instability Has Industry Scrambling for Solutions

CNN: Mexico's big oil problem
FP: Oil sands producers could feel squeeze in crowded market

Global Conflict
Businessweek: Black Hawk crash kills 7 Americans, 4 Afghans
HuffingtonPost: Army Suicides Doubled Last Month From June's Total

VOA: Syrian Forces Shell Aleppo, Bodies Found Near Damascus
Reuters: Echoes of Lebanon civil war as Syrian turmoil spreads

XinhuaNet: Wave of attacks kill 51, wound 200 in Iraq
Guardian: Iraqi attacks kill close to 100 

Rawstory: Binyamin Netanyahu’s aides launch stinging rebuke to Israeli president Shimon Peres - Prime minister’s office says Shimon Peres should not speak out on Iran as he is too prone to mistakes 
CBSNews: Afghan cop shoots dead 2 US troops

NYT: Mine Strike Mayhem Stuns South Africa as Police Open Fire
Mine "bloodbath" shocks post-apartheid South Africa  
NYT: 34 Killed in South Africa After Police Open Fire on Striking Miners
VOA: S. African Police Claim Self-Defense in Mine Shootings 
BlacklistedNews: VIDEO: Striking miners shot, killed in South Africa 
CNN: More than 30 killed in police crackdown at South African mine

CBSNews: Russian female punk band Pussy Riot found guilty of hooliganism over Putin protest at church site
WSJ: Punk Band Given Two Years Over Anti-Kremlin Protest 

Hacker News/Wikileaks
Telegraph: WikiLeaks: Julian Assange will take Britain to the 'World Court'
TheTap: Ecuador stands tall against British illegality over Assange 

Domestic Financial News
Yahoo: Presented With Letters, Ryan Admits Requesting Stimulus Cash 
BlacklistedNews: Banks Falsify Credit Card Lawsuits in Ninety Percent of Cases?
CharlesHughSmith: When the Weakest Critical Part Fails, the Machine Breaks Down Consumer spending is the bedrock of the global economy, and consumer spending depends on expanding debt and leverage. Once that subsystem fails, consumerism and the global economy grind to a halt.

CBNC: The Truth About the SEC and Wall Street

FT: Jim Rogers on the Coming Fiscal ‘Catastrophe’
Fortune: Three ugly economic predictions no one wants to hear

CNNMoney: Mitt Romney's 5-point plan for the economy
DailyFinance: What Paul Ryan's Budget Plan Would Mean for an Average Family

Star-Telegram: Texas attorney general moves to seize Life Partners
Fortune: Libor and the folly of deregulation
EconomyWatch: Housing starts fell unexpectedly in July

Time: U.S. Unemployment Aid Applications Up by Only 2,000
Zerohedge: Economic Outlook Drops To Lowest Of The Year As Inflation Expectations Surge 

FRBofAtlanta: The (Unfortunately?) Consistent Record of the Recovery

Global Financial News
WSJ: Gold Miner Weighs African Deal - Barrick Gold is in talks to sell a big chunk of its African assets to a Chinese miner in a deal that could fetch as much as $3.9 billion.
Guardian: Temperature rise 'slows economy in poor countries'

ChinaScopeFinancial: China Merchants Bank: 12H1 Net Profit Hits CNY 23.38 Bn, Up 25.67% YoY
Zerohedge: Spanish Bad Loans Soar By Most In 3 Years As Bond Issuance Set To Surge 

Telegraph: Angela Merkel warns 'time is of essence' on euro crisis  - Angela Merkel warned that "time is of the essence" in tackling the eurozone crisis and voiced her support for ECB President Mario Draghi's crisis-fighting strategy.
SeattleTimes: Ford Europe sales fall as economy struggles

ETFDaily: Why Are George Soros and John Paulson Buying Up So Much Gold?

M 3.0, 73km NE of Old Iliamna, Alaska
M 5.0, 113km WSW of Panguna, Papua New Guinea
MSNBC: Texas sprayed as West Nile Virus spreads 
ENENews: Officials: Sinkhole could grow to 1,400 feet across — “Unusual” it’s on edge of giant salt dome, normally right on top

ClimateCentral: Two Images Tell the Story of 2012 Heat and Epic Drought 

TheScientist: Eco-friendly Flush - Earlier this week (August 14), the Reinvent the Toilet Challenge announced its first prize winner: a solar-powered toilet that generates hydrogen and electricity from flushed human waste.

ExtinctionProtocol: Japan’s Sakurajima volcano releasing largest amount of ash in 20 years: ground swollen around volcano 

Treehugger: Stunning Dolphin Video Captured by Tuna Fishermen 
ClimateCentral: 2012 Drought Inches Up In U.S. Historical Rankings

Atlantic: The Drought Is Killing The Mississippi River 
CNN: Wildfires roast western states

America in Decline
TheScientist: Court Rules Gene Patents Valid
The biotech industry won a partial victory yesterday, when a US federal appeals court ruled that Myriad Genetics’ patents on the BRCA1 and BRCA2 genes—mutations in which are associated with a higher risk of breast, ovarian, and other cancers—are valid. According to the court’s decision, Myriad’s patents on the BRCA genes should legally stand “because each of the claimed molecules represents a non-naturally occurring composition of matter,” meaning that they were based on isolated and amplified DNA sequences, and not on naturally occurring products of nature.
BlacklistedNews: Police handcuff 40 innocent motorists at gunpoint for two hours as they act on a tip to catch a bank robber at intersection - Handcuffing every adult at gunpoint, the intersection of E. Iliff Avenue and S. Buckley Road in Aurora, Colorado, turned into a chaotic scene as police swarmed the area looking for the suspected robber.

Spiegel: What Potatoes Say about the State of US Democracy - The debate in the US Congress last winter over whether potatoes should be curbed in school lunches is emblematic of the modern-day crisis in US governance. Lobbyists and other powerful interest groups dominate the tenor of the debate. Unsurprisingly, most Americans have lost confidence in their leaders.

Food and Water
CivilEats: The Shifting Paradigm of Work in the Food System
NBC: Election-year politics affect fate of farm bill and disaster relief

NYT: Don’t Waste the Drought - Though the drought has devastated corn crops and disrupted commerce on the Mississippi River, it also represents an opportunity to tackle long-ignored water problems and to reimagine how we manage, use and even think about water.

Science and Technology
ReadWriteWeb: Twitter to Developers: Display Tweets Our Way Or Else
UniverseToday: Scientists Find Clues of Plate Tectonics on Mars

Medical and Health
LAT: The Medicare feud explained: both sides would cut but GOP more
Guardian: Female genital mutilation banned under Somalia's new constitution
Activists welcome measure but urge need for health warnings, community empowerment schemes, and dissociation from Islam

Activists have welcomed a ban on female genital mutilation/cutting (FGM/C) in the new constitution of Somalia – where 96% of women undergo one of the more extreme forms of the practice – but warn that translating the law into action will require more than just a legal declaration.
VOA: Big Tobacco Hinders Anti-Smoking Efforts in China
NBCNews: Brain function remains sharp in rare 'SuperAgers' 
CNN: 2 may have contracted hantavirus at Yosemite

Doomsteading, Gardening, Urban Farming
CanadianDoomer: Using Overripe Cucumbers
Sabredancing: Trials of scraping tar and cleaning up.
SurvivalAcres: You Have A Decade (Maybe)

JustInCaseBook: Don’t blink 
Treehugger: Are Cracked Tomatoes Still Edible?

Other News
ABCNews: Man Charged in Shooting at Conservative Group HQ
CBSNews: LGBT volunteer charged in conservative group shooting
MSNBC: Female head, foot found near Toronto park 

AJC: Bomb threats reported at metro theaters

SFGate: Arizona Won't Grant Licenses to Immigrants in Obama Program
CBSNews: Ryan's spending votes get a second look 

TinfoilPalace: DNA Data Storage
TinfoilPalace: Harmonic Convergence 25 – Synchronized Global Meditation for Peace 16-17 August

OilAge: Police massacre striking miners in South Africa
OilAge: Squeezed by debt crisis, Greeks ditch cars for bikes

HubbertsArms: Head and foot found in Credit River (Mississauga)
HubbertsArms: Gen. Wesley Clark Shocker On 9/11 “Policy Coup”

SilentCountry: Dallas aerial spraying

SilentCountry: Drought shrinks mighty Mississippi

DestinyCalls: Fun with words and conspiracies
DestinyCalls: Canning Jar Fermenter

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