Happy Labor Day everyone! Today's post will be a little early so I can get out and do some labor! LOL
I hope everyone had a great weekend and is having a good Labor Day as well. Below are a couple items to get the day started.
Much thanks to RJ at the Global Glass Onion and the Ozarker at Conflicted Doomer , and Doug at 3Es News and David at ETF Daily.
Be sure to stop by their sites and support their hard work!
See you all again tomorrow!
Peak Oil and Energy News
Haaretz: Jordan King suspends rise in fuel prices amid protests (DPA)
Reuters: NYMEX-Crude steady on Labor Day after gain on Bernanke
PostCarbon: Don't Worry, Drive On
TexasTribune: Texas Coal Plant Scales Back Operations
Statesman: Oil companies retake nearly 400 platforms in gulf
SeattlePI: Iraq's oil exports hit highest level in 30 years
NYT: Rebels Bomb Heavily Guarded Damascus Neighborhood
CommonDreams: Iran Call for Nuclear Abolition by 2025 is Unreported by New York Times
NYT: To Calm Israel, U.S. Offers Ways to Restrain Iran
NYT: US Halting Program to Train Afghan Recruits
Reuters: Netanyahu urges international "red lines" to stop Iran
ABC: Cleric 'planted evidence' on accused Koran-burner
Channel4: Muslim cleric accused of framing Christian girl
Bloomberg: Netanyahu Says World Not Doing Enough to Stop a Nuclear Iran
ABCNews: AP Analysis: Iran May Be Pushing to Nuke Threshold
Hosted: US to ramp up pressure on Iran to avoid war: report
VancouverSun: Tokyo city officials survey islands at centre of dispute with China ahead of planned purchase
WashingtonPost: Israeli settlers evacuated from West Bank outpost following court order
CBSNews: Israel threatens to demolish Bedouin school
NYT: Despite Eviction, Settlers of West Bank Outpost Hold Fast to Their Mission
Hosted: Activists say 5000 killed in Syria in August
Worldcrunch: No Signs Of Libyan Healing - Now Its Ex-Gaddafi Supporters Living In Mortal Fear
DailyBeast: Bashar al-Assad Lost The Support of Aleppo’s Wealthy When the Shelling Started
NYT: Nonaligned Nations Back Iran’s Nuclear Bid, but Not Syria
NBCNews: Four US consulate workers seriously hurt in Pakistan suicide blastWashingtonPost: Double suicide attack near US base in eastern Afghanistan kills 12 people
WSJ: South Africa to Drop Murder Charges Against Miners
DNC Dispatch: Occupy Charlotte Has Encampment
Domestic Financial News
Forbes: Who Is The Smallest Government Spender Since Eisenhower? Would You Believe It's Barack Obama?
It’s enough to make even the most ardent Obama cynic scratch his head in confusion.DemocraticUnderground: Greed and Debt: The True Story of Mitt Romney and Bain Capital - Rolling Stone
Amidst all the cries of Barack Obama being the most prolific big government spender the nation has ever suffered, Marketwatch is reporting that our president has actually been tighter with a buck than any United States president since Dwight D. Eisenhower.
CommonDreams: Add It Up: Taxes Avoided by the Rich Could Pay Off the Deficit
CalculatedRisk: Restaurant Performance Index declines in July
Reuters: At Jackson Hole, a growing fear for Fed independence
Forbes: Is US Economic Growth Now Finished?
Bob Gordon has a paper in which he argues that economic growth, at least at the sort of speed we’ve been used to, is now over. Instead of the 2% per capita per year that has been the norm since the industrial revolution we’re going to have to put up with much less. So much less that we won’t in fact perceive it as economic growth: it’ll be too slow to make itself felt to anyone in real time.USAToday: Vanguard's Jack Bogle: Financial 'train wreck' looms
Grist: Why does mass transit in the U.S. cost so much more to build than in other countries?Isureville: Budget sequester will disastrously affect employment - Earlier this month, nearly 13 million Americans were unemployed — that is, actively seeking work but unable to find any, according to the Bureau of Labor Statistics. In addition, 8.2 million Americans were involuntarily working part-time because their hours had been cut back or because they were unable to find a full-time job. It’s undeniable that the unemployment statistics referred to above are the main reasons why our recovery from the “Great Recession” has been so prolonged and why our economy remains in a fragile state. And it looks like things are about to take a turn for the worse.
WashingtonPost: Paul Ryan: Romney administration would undo defense sequester 'retroactively'
S&PIndices: Tobacco Settlement-Backed Muni Bonds Outperform All Muni Sectors
Soberlook: Student loan delinquencies soar (right after OWS protests end) leaving the taxpayer on the hook - Take a look at the chart below. It represents the total consumer debt outstanding in the US. What stands out? That's right, student loans.
NoahpinionBlog: Social Security is not welfare
Economix: After Fed Action, Then What? - The Fed is on the verge of expanding its stimulus policies. We learned that much during the meetings in Jackson Hole, Wyo. But what may be more interesting is the undercurrent of discussion about what happens when those measures prove insufficient.
CalculatedRisk: Hotel Occupancy Rate above pre-recession levels
CalculatedRisk: Restaurant Performance Index declines in July - From the National Restaurant Association
CalculatedRisk: Unofficial Problem Bank list declines to 891 Institutions
LogosJournal: The Rise and Demise of Neo-Liberal University: The Collapsing Business Plan of American Higher Education
Econospeak: Drill, Baby, Drill as Fiscal Stimulus - Digby quotes the part of Romney’s Thursday speech where he laid out his five point plan to create 12 million new jobs and provides this summary: So, they are going to create jobs by opening up drilling, privatizing schools, off-shoring business, slashing government, cutting taxes and cutting regulations. In other words, the same exact agenda they always have. Well except for the war-as-stimulus he might have to start.
MacroMania: Evil is the root of all money - A basic question in the theory of money is "why does money exist?" Or, put another way: where does the demand for money come from?
Global Financial News
DailyFinance: An Epic Week Ahead For The Global Economy
GlobeAndMail: China’s inventories pile up as demand flat-lines
Time: Eurozone Jobless Rate Stuck at Record High in July
NYT: U.S. Companies Conduct Fire Drills in Case Greece Exits Euro - Even as Greece desperately tries to avoid defaulting on its debt, American companies are preparing for what was once unthinkable: that Greece could soon be forced to leave the euro zone.
Mish: China New Export Orders Drop Most Since March 2009, Operating Conditions Down 10th Consecutive Month; China's Export Machine Grind to a Halt
Zerohedge: First Platinum, Now Gold: As South African Miners Strike Spreads, Thousands Of Ounces Remain In The Ground
M 5.8, 26km W of Bantogon, Philippines
MSNBC: Melting glacier reveals World War I ammunition
Youtube: Cleanup begins in Louisiana
HuffingtonPost: Hurricane Isaac Animals: Dogs, Cats And Other Animals Affected By Storm (PHOTOS)
MSNBC: Incredible storm photo that just won't die
MotherJones: Did climate change cause the Great Lobster Invasion of 2012?
NRDC: Press Release - Wyoming Wolves Face a Dangerous Delisting Decision
HowToSaveTheWorld: This is What a Desolated Earth Looks Like
CBS: New wildfire near Los Angeles
CNN: Wildfire near Los Angeles disrupts Labor Day weekend
Rawstory: Hurricane Isaac storm surge reversed flow of Mississippi River
NBC: Wildfire grows, chases thousands out of Southern Calif. forest
NBC: Stranded whales rescued after dozens beached in Scotland
Food and Water
TheGreenhorns: Farmer Wins Raw Milk Victory In Missouri
NBC: 204 now sick from salmonella outbreak in cantaloupes
Science and Technology
TechReview: Replacing Your Password with a Finger Swipe
CosmicLog: Take a spin on the moon and Mars
MSNBC: 9,000-year-old charms found in Israel
GadgetBox: 16 Kickstarter projects that could destroy civilizationSure, these projects seem quirky now, but that scrappy amateur fusion reactor might blow up the Earth. Fund at your own risk.
MSNBC: Private manned Mars mission gets corporate sponsors
Dutch venture known as Mars One aims for TV show and Red Planet settlers by 2023
Medical and Health
ScienceDaily: Heavy drinking rewires brain, increasing susceptibility to anxiety problems
ScienceDaily: Genetic link to prostate cancer risk in African Americans found
PopSci: In World First, Scientists Surgically Implant a Working Bionic Eye In a Blind Patient
ScienceDaily: Traumatic childhood may increase the risk of drug addiction
Star-Telegram: 'My trip into West Nile purgatory'
SeattleTimes: Baby boomers retiring to rural areas struggle to find doctors
Doomsteading, Gardening, Urban Farming
Reuters: Panic rooms and gun safes on rise in London luxury homes
MSNBC: Alleged drug cartel leader extradited to US
NYT: Architecture and the Lost Art of Drawing - IT has become fashionable in many architectural circles to declare the death of drawing. What has happened to our profession, and our art, to cause the supposed end of our most powerful means of conceptualizing and representing architecture?
NJ.com: Paul Ryan wages war on facts At church with Romney, Mormons cheer attention to their faith
CBSNews: Democratic aide: GOP thinks "lying is a virtue"
MSNBC: Paul Ryan says he misstated marathon claim
NewYorker: The Legitimate Children of Rape
CommonDreams: Welcome to GOP Nutland!
Aljazeera: Policing dissent in Tampa’s rain
CommonDreams: How Romney Keeps Lying Through His Big White Teeth
CBSNews: Mormons praise Romney at church service
NYDaily: Obama still a fan of Clint Eastwood despite chair speech
ModerateVoice: Obama Says Not Offended By Eastwood Republican Convention Riff
The Oil Age