Author: Serkadis

  • Jeremy Grantham: Buy Lumber, Emerging Markets, And “Aberrantly Cheap” Blue-Chip Stocks

    Jeremy Grantham

    Yesterday a host of boldfaced investor names talked up their latest ideas at the Ira Sohn conference.

    It doesn’t sound as though there were any huge bombshells, though David Einhorn’s announcement that he is short Moody’s (MCO) and McGraw-Hill (MHP) has generated some headlines (though to be honest, we hadn’t realized that was actually news).

    Presenting a bullish case was Jeremy Grantham of GMO, who loves blue-chip stocks right now.

    Here are the notes of Mike O’Rourke of BTIG:

    IN GMO’s 7 year forecast U.S. High quality names are aberrantly cheap and should provide 7.6% real return per year. In constructing a portfolio Grantham said it should be 40% U.S. Blue Chips, 20% Emerging Markets and 30% EAFE Blue chips. Grantham notes that bonds are “grotesquely” overpriced predicted to post a real return 1.7% per year. Grantham’s 3 choices or recommendations are Timber which has 7.5% forecasted real annual return. Then Grantham likes Emerging Markets which he believes will go to a premium P/E to the rest of the world. Finally he likes high quality U.S. blue chaps. They are trading at a 17% discount to fair value and 55% of earnings come from around the world.

    The bedrock of Grantham’s thinking is that “Things regress to the mean.” Of the 34 bubbles GMO has identified it takes about 3.5 years for the bubble to run up and it comes back down to the trendline nearly as quickly. All bubbles reverse. Grantham believes both the U.K. and Australia are in housing bubbles. The risks to betting against bubbles are career risk and business risk. Grantham believes debt has nothing to do with growth, and debt has less influence than most think. Grantham concluded by noting the importance of the upward bias in the third year of the presidential cycle.

    Join the conversation about this story »

  • Toy Story 3 is out to prove a point

    Avalanche Studios has made it known that they’re well-aware of the reception of movie-games, and they’re constantly trying to prove that Toy Story 3 will be different. From the looks of things, they seem to be on

  • Two-year-old smokes 40 cigarettes a day

    Two years old smokes 40 cigarettes a dayI don’t know if you remember Liangliang Tong, a two-year-old who smoked like a 40-years-old. However, Tong was an apprentice compared to the giant Ardi Rizal, unfortunately.

    Ardi lives in Sumatra (Indonesia), has two years and smokes forty cigarettes a day. Sumatra is a small fishing village of Musi Banyuasin where 25% of children already tried smoking and 3.2% are active smokers. No doubt their parents know how to care of their son, Mohamed (30 years), the father of the child, gave him his first cigarette when Ardi was 18-months-old and is not at all worried about the health of small boy … He says he looks healthy!

    The two-year-old who weighs 25 kilos, has trouble walking and if he doesn’t get cigarettes he gets angry, screams and bangs his head against the wall “, as confirmed by Diana (26 years), mother the baby.

    Diana insists that he is “an addict”, and when Ardi doesn’t smoke, “says he feels dizzy and sick.”

    Organizations defending the rights of children in Indonesia begun to discuss openly about the health damage caused by the smoke, in a country where one third of the population is addicted to smoking and cigarettes can be bought for about a few cents.

    The health minister Endang Sedyaningsih acknowledged that convincing  young people that smoking is harmful is difficult, because in Indonesia is perceived as something positive and cigarette companies are big sponsors of scholarships, sporting events and campaigns of all kinds.

    Related posts:

    1. Chain-smoker Toddler Burns 40 Sticks Daily
    2. Watch a Two-year-old Smoking Like a Pro
    3. New ‘No Smoking’ signs in Massachusetts

  • Carbon Motors E7 Police Car gets more than 14,000 reservations

    Carbon Motors E7 Police Car

    Carbon Motors will put its E7 Police Car into production in 2012 and the brave men and women of the law enforcement, City Mayors, Managers and Council Members, the State Controllers and even the Federal Government are starting to recognize the benefits of this diesel police interceptor that will carry a BMW diesel engine.

    “Carbon Motors has surpassed 14,000 production slot reservations for the Carbon E7,” the company said in a statement yesterday. “These reservations were made by over 400 law enforcement agencies in 48 US States, representing each functional area of law enforcement. At this rate, Carbon Motors fully expects to have production sold out well in advance of the first vehicle rolling out of the Carbon Campus in Connersville, Indiana.”

    Carbon Motors has ordered a total of 240,000 diesel engines from BMW. The engine is the same twin-turbocharged diesel unit used in the BMW X5 xDrive35d and the BMW 335d and is good for 265-hp and a maximum torque of 425 lb-ft.

    Carbon Motors will build the E7 in Connersville, Indiana.

    Carbon Motors E7 Police Car:

    – By: Omar Rana


  • Lufia DS cleared for North American release

    Natsume has announced that the latest Lufia game, Lufia II: Curse of the Sinistrals for DS, is being localized for a North American release.

  • Meanwhile The TED Spread Just Keeps Creeping Higher

    Maybe the market will hold its pre-market gains, and avoid a big late-day plunge. That’d be great, but in the meantime, the TED spread, a key measure of banking industry confidence keeps steadily rising. Today it broke to new highs above 38.

    chart

    Join the conversation about this story »

  • Okay, Place Your Bets: Is Apple Really Worth More Than Microsoft? (AAPL, MSFT)

    casinoroyale

    Yesterday afternoon, Apple’s market value surpassed Microsoft’s.

    For those who were around in the 1990s, this is a remarkable, watershed event, one that was basically unthinkable a decade ago.

    A decade ago, Microsoft was worth 35X more than Apple was: $556 billion to $16 billion. In the intervening 10 years, Microsoft’s value has been cut in half, while Apple’s has risen about 15X.

    (Microsoft has also paid out at least ~$40 billion in dividends, so the company’s value collapse isn’t quite so stark, but it has still been a rough decade).

    Stock market value is more about the future than about the present or past, so it’s worth asking whether the market’s current opinion about the relative value of these two companies is an accurate reflection of the future…or whether it’s a complete hallucination, like the market’s assessment a decade ago turned out to be.

    How do we ask (and answer) that question?

    One way to begin is to look at the companies’ relative cash flows and growth prospects and think about what the market is saying will happen to them in the future.

    All else being equal, the market’s assessment that Apple and Microsoft are worth about the same amount (ignoring the relatively minor difference in their cash and debt balances) means that the market thinks Apple and Microsoft will generate about the same amount of cash for shareholders over the next 100+ years.

    Is this reasonable?

    Let’s take a look at where things stand now.

    In the past year (through March), Microsoft has generated about $21 billion of free cash flow (cash from operations less capital expenditures).  Apple, meanwhile, has generated about $12 billion. Right now, therefore, Microsoft is generating about $2 of cash for every $1 of cash that Apple generates. 

    If Apple and Microsoft were to go on generating this amount of free cash forever, Microsoft would be worth about twice what Apple is worth–and the current market values would be way out of whack.

    Of course, Apple and Microsoft won’t generate this amount of free cash forever. If recent trends continue, both companies will continue to increase the amount of cash they are generating, with Apple’s free cash flow growing at a much higher rate. If Microsoft’s competitive position continues to erode, moreover, Microsoft’s free cash flow might stop growing (or even start to shrink) at some point, which would make it easier for Apple to catch up.  Still, given the huge current difference between the companies’ free cash generation, it will take Apple a while to close the gap.

    The theoretical value of a company is the present value of all future cash flows that will accrue to shareholders.  So if Apple continues to close the free-cash-flow gap with Microsoft over the next few years–and then eventually surpasses it–the current market values make sense.  Of course, thanks to risk, opportunity cost, and inflation, dollars that shareholders get today are worth a lot more than dollars shareholders think they will get in 10 years, so for today’s market values to make sense, Apple has to catch up and pass Microsoft’s cash flow within, say, 5-10 years.

    Based on the companies’ relative positioning in the market, the relative market values seem reasonable. Apple is positioned to capture a huge share of the growth of mobile and tablet computers in the next decade and to continue to gain share in laptops and desktops.  Microsoft, meanwhile, is exposed to major competitive threats to both its Windows operating system business AND its Office juggernaut, and, combined, these products generate the vast majority of Microsoft’s cash flow.  So, again, the market’s current assessment of relative future cash generation seems reasonable.

    But before Apple shareholders get too comfortable, it’s worth, once again, looking back 10 years.

    A decade ago, it seemed reasonable to think that Microsoft would continue on its inexorable path to world domination and Apple would disappear into the annals of history.  That’s why the market valued Microsoft at 35X Apple–because that scenario seemed reasonable.

    But look what happened: Microsoft did continue to grow, but at a much slower rate, and its once-unassailable monopolies began to come under attack. Apple, meanwhile, pulled off one of the most amazing turnarounds in corporate history, creating several huge new markets in the process.

    From today’s perspective, the market’s current forecast seems as reasonable as the one a decade ago did.  If history has taught us anything, though, it is that we should expect the unexpected. And between Apple’s key-man risk (here’s looking at you, Steve!), Google’s Android, Microsoft’s enormous financial resources, and one of the most rapidly evolving competitive landscapes in history, anything can happen.

    So step right up and place your bets!

    Join the conversation about this story »

    See Also:

  • Virgin to announce gaming comeback at E3

    Virgin Interactive had a good run at gaming up until a few years ago. You might be familiar with them if you played the original Command & Conquer, Lands of Lore, or that Lion King movie tie-in

  • Censorship of the Internet courtesy of Eircon, sorry Eircom

    Via Prison Planet.com » Prison Planet

    Sovereign Independent
    May 27, 2010

    Editor’s comment: When I bought my PC I was under the impression that it was my PERSONAL COMPUTER. Now it seems that it’s not. Under a new law as shown in the article below it seems that information on your PERSONAL computer is not private and that Eircom and presumably anyone, including government agencies, can access your PERSONAL computer at any time without a search warrant of any type to see what you have stored there.

    We are to believe that this is simply to stop ‘illegal’ downloading of music etc to save multi billion dollar corporations a few quid. Do they think people are really that stupid as to believe this will stop there?

    This is an infringement of your human right to privacy. As far as I am aware it is still a criminal act to tamper with a person’s PERSONAL mail. Even post office employees cannot do so. Why then is it not illegal to enter someone’s computer remotely without their permission and without just cause or a warrant?

    If this is about  stopping the illegal downloading of music etc then why don’t Eircom do as they’ve done with Piratebay and simply block the site?

    Furthermore, why don’t Eircom block porn sites, paedophile sites, racist sites etc etc etc?

    Surely these are far more detrimental so society than a few kids downloading music costing giant corporations a few dollars?

    People must realise that  this is simply a slippery slope to complete control over the Internet by the authorities.

    Censorship of the Internet courtesy of Eircon, sorry Eircom internet censorship1What constitutes a crime?

    Perhaps sites critical of the EU? Perhaps sites critical of government, the bankers or any other group who are criticised with just cause? Are we all criminals now under this law? Have we to give up, not only our right to privacy but also our right to free speech and liberty under the guise of the illegal download of music?

    Give me a break! This is simply a further restriction on Internet freedom simply due to the fact that the propagandist mainstream media are losing the infowar battle.

    We must persevere and use the net to our advantage whilst we still have it. We must increase our efforts to spread the word of freedom and humanity far and wide with more vigour than ever.

    We must not bow down to tyranny!

    Censorship of the Internet courtesy of Eircon, sorry Eircom 140410banner4

    Eircom to cut broadband over illegal downloads

    JOHN COLLINS

    EIRCOM WILL from today begin a process that will lead to cutting off the broadband service of customers found to be repeatedly sharing music online illegally.

    Ireland is the first country in the world where a system of “graduated response” is being put in place. Under the pilot scheme, Eircom customers who illegally share copyrighted music will get three warnings before having their broadband service cut off for a year.

    The Irish Recorded Music Association (Irma), whose members include EMI, Sony, Universal and Warner, reached an out-of-court settlement with Eircom in February 2009 under which the telecoms company agreed to introduce such a system for its 750,000 broadband users.

    The mechanism by which it operates was challenged in the courts by the Data Protection Commissioner.

    Mr Justice Peter Charleton ruled in the High Court that a broadband subscribers internet protocol (IP) address, which Eircom will use to identify infringing customers, did not constitute personal information.

    It is understood that, during the pilot phase, Eircom has agreed to process about 50 IP addresses a week. Irma is using a third-party firm, Dtecnet, to identify Eircom customers who are sharing, and not simply downloading, a specific list of its members’ copyrighted works on peer-to-peer networks. The operation of the scheme will be reviewed after three months.

    Dick Doyle, director general of Irma, said his organisation could potentially supply Eircom with thousands of IP addresses a week but it was a matter of seeing what the internet service provider (ISP) was able to process.

    Infringing customers will be initially telephoned by Eircom to see if they are aware of the activity on their broadband network. If the customer is identified a third time, they will have their service withdrawn for seven days. If they are caught a fourth time their broadband connection will be cut off for a year.

    Mr Doyle said international research suggested 80 per cent of people will stop illegal file-sharing if they get a letter from their ISP warning them of the consequences. “We are trying to encourage people to go back to legitimate networks to get their music,” he said.

    Record companies are lobbying to have a graduated-response mechanism enshrined in law in other jurisdictions.

    Cable operator UPC has resisted requests from Irma to implement a “three strikes” system and the case is in the courts next month. Last night, a spokeswoman for UPC said it does not see any legal basis for monitoring or blocking its subscribers’ activities.

     http://www.irishtimes.com/newspaper/frontpage/2010/0524/1224271013389.html

  • Feds moving closer to challenge of Arizona immigration law

    Via Prison Planet.com » Prison Planet

    John Bolton
    Arizona Daily Star
    May 27, 2010

    Several national news organizations are reporting that a Justice Department legal team is drafting a plan to challenge Arizona’s new immigration law, SB 1070.

    All of the reports stress that a final decision to challenge the law has not been made and would face hurdles from other legal analysts within the Justice Department and in the White House. But the team is reported to be developing a challenge based on the idea that Arizona overstepped its authority.

    Mike Levine of Fox News was first on the development with a blog entry Tuesday night: DOJ Lawyers Draft Challenge to AZ Law

    The story has also been reported by the Wall Street Journal and ABC News.

    Today the Justice Department hosted police chiefs from Arizona and other states who expressed concern about the Arizona bill.

    SB 1070 requires police officers to determine the immigration status of anyone arrested before that person is released. The law prohibits police from using race to establish reasonable suspicion that someone is here illegally. The law makes it a state crime for illegal immigrants to work in Arizona, and makes it a state crime to transport, conceal, harbor or shield illegal immigrants.

    Feds moving closer to challenge of Arizona immigration law 140410banner4

  • Report: GM plans to return to small pickups

    2001 Chevrolet S-10

    Despite the fact that other manufacturers are running away from the segment, GM has plans to work on a new compact pickup reminiscent of the Chevy S-10. The Chevy Colorado and GMC Canyon have been fast losing sales, and last year the closure of the Louisiana plant that produces the two trucks was announced by Governor Bobby Jindal.

    Currently the Toyota Tacoma and Ford Ranger are the segments best movers, but that is poised to change. The Tacoma is the subject of many complaints regarding size and price, and Ford plans to end production of the Ranger next year; it says that small truck buyers can make do with a small car or fuel-efficient F-150.

    J.D. Power reports that through April of this year, 87,895 compact and mid-size trucks have been moved. In order to be successful in the segment, GM will have to focus on size and fuel-economy; especially considering that Dodge is also planning similar production.

    – By: Stephen Calogera

    Source: PickupTrucks.com


  • Tax dollars perpetuate global-warming fiction

    Via Prison Planet.com » Sci Tech

    THE WASHINGTON TIMES
    May 27, 2010

    With public faith in the global-warming myth on the wane, leftist zealots are desperate to spin a new tale – and they’re spending your tax money to do it. Three years ago, Congress appropriated $5,856,600 for the National Academy of Sciences to complete a climate-change study. This bureaucratic attempt to cook the books, which was completed last week, may be too late to save this dying religion.

    The academy now offers the taxpayer-funded research for download in three separate sections for $44 each. The first volume presents the case that human activities are warming the planet and that this “poses significant risks.”

    A second report urges that a cap-and-trade taxing system be implemented to reduce so-called greenhouse gas (GHG) emissions. The final section of the study explores strategies on adapting to the “reality” of climate change, meaning purported “extreme weather events like heavy precipitation and heat waves.”

    None of the big-government recommendations are worth the 1,089 pages of presumably recycled paper on which they are to be printed if planetary warming is actually a phenomenon beyond human control, so the first volume is of primary interest. “Advancing the Science of Climate Change” asserts that the Earth’s temperature has risen over the past 100 years and that human activities have resulted in sharp increases in carbon dioxide.

    The coincidence of these facts on their own, of course, proves nothing. The Earth has been as warm or warmer in past periods, such as the medieval and Roman warm periods, long before the internal combustion engine and coal plants were around to take the heat for a particularly sweltering summer day.

    Full article here

    Tax dollars perpetuate global warming fiction 140410banner4

  • Russia wants ‘100% proof’ N.Korea sunk ship

    Via Prison Planet.com » World News

    AFP
    May 27, 2010

    MOSCOW — Russia will not support efforts to punish North Korea for sinking a South Korean warship until it is fully convinced Pyongyang was behind the incident, a foreign ministry spokesman said Thursday.

    “We need to receive 100 percent proof of North Korea’s role in the sinking of the corvette,” the spokesman, Igor Lyakin-Frolov, was quoted as saying by the Interfax news agency.

    “Our specialists are currently studying the materials of the investigation. We need to draw our own conclusions about what happened. Everything will depend on the situation and the body of evidence.”

    The comments came a day after Russia announced that it was sending a team of experts to South Korea to assess the evidence about North Korea’s involvement in the sinking of the warship, which left 46 sailors dead.

    Full article here

    Russia wants 100% proof N.Korea sunk ship 140410banner4

  • Israel’s Nukes Out of the Shadows

    Via Prison Planet.com » Commentary

    JONATHAN COOK
    Counterpunch
    May 27, 2010

    Israel faces unprecedented pressure to abandon its official policy of “ambiguity” on its possession of nuclear weapons as the international community meets at the United Nations in New York this week to consider banning such arsenals from the Middle East.

    Israel’s equivocal stance on its atomic status was shattered by reports on Monday that it offered to sell nuclear-armed Jericho missiles to South Africa’s apartheid regime back in 1975.

    The revelations are deeply embarrassing to Israel given its long-standing opposition to signing the Nuclear Non-Proliferation Treaty, arguing instead that it is a “responsible power” that would never misuse nuclear weapons technologies if it acquired them.

    Reports of Israel’s nuclear dealings with apartheid South Africa will also energise a draft proposal from Egypt to the UN non-proliferation review conference that Israel — as the only nuclear power in the region — be required to sign the treaty.

    Israeli officials are already said to be discomfited by Washington’s decision earlier this month to agree a statement with other UN Security Council members calling for the establishment of a Middle East zone free of nuclear arms.

    The policy is chiefly aimed at Iran, which is believed by the US and Israel to be secretly developing a nuclear bomb, but would also risk ensnaring Israel. The US has supported Israel’s ambiguity policy since the late 1960s.

    Israels Nukes Out of the Shadows  100210banner1

    Oversight of Israel’s programme is also due to be debated at a meeting of the UN’s nuclear watchdog, the International Atomic Energy Agency, in Vienna next month.

    The administration of US President Barack Obama is reported to have held high-level discussions with Israel at the weekend to persuade it to consent to proposals for a 2012 conference to outlaw weapons of mass destruction in the Middle East.

    As pressure mounts on Israel, local analysts have been debating the benefits of maintaining the ambiguity policy, with most warning that an erosion of the principle would lead inexorably to Israel being forced to dismantle its arsenal.

    Echoing the Israeli security consensus, Yossi Melman, a military intelligence correspondent for the Haaretz newspaper, also cautioned that declaring Israel’s nuclear status “would play into Iran’s hands” by focusing attention on Tel Aviv rather than Tehran.

    Israel refused to sign the 1970 Nuclear Non-Proliferation Treaty, having developed its first warhead a few years earlier with help from Britain and France.

    Tom Segev, an Israeli historian, reported that Israel briefly considered showing its nuclear hand in 1967 when Shimon Peres, Israel’s current president, proposed publicly conducting a nuclear test to prevent the impending Six-Day War. However, the test was overruled by Levi Eshkol, the prime minister of the time.

    Mr Peres, who master-minded the nuclear programme, later formulated the policy of ambiguity, in which Israel asserts only that it will “not be the first to introduce nuclear weapons to the Middle East”.

    That stance — and a promise not to conduct nuclear tests — was accepted by the US administration of Richard Nixon in 1969.

    According to analysts, the agreement between Israel and the US was driven in part by concerns that Washington would not be able to give Israel foreign aid — today worth billions of dollars — if Israel declared itself a nuclear state but refused international supervision.

    Nonetheless, revelations over the years have made it increasingly difficult for the international community to turn a blind eye to Israel’s arsenal.

    Mordechai Vanunu, a technician at the Dimona nuclear energy plant in the Negev, provided photographic evidence and detailed descriptions of the country’s weapons programme in 1986. Today the Israeli arsenal is estimated at more than 200 warheads.

    In 2006 Ehud Olmert, then the prime minister, let slip Israel’s nuclear status during an interview with German TV when he listed “America, France, Israel and Russia” as countries with nuclear arms.

    Even more damaging confirmation was provided this week by Britain’s Guardian newspaper, which published documents unearthed for a new book — The Unspoken Alliance by Sasha Polakow-Suransky, an American historian — on relations between Israel and South Africa’s apartheid regime.

    The top-secret papers reveal that in 1975 Mr Peres, then Israel’s defence minister, met with his South African counterpart, P W Botha, to discuss selling the regime nuclear-armed missiles. The deal fell through partly because South Africa could not afford the weapons. Pretoria later developed its own bomb, almost certainly with Israel’s help.

    Israel, Mr Polakow-Suransky said, had fought to prevent declassification of the documents.

    Despite publication by the Guardian of a photographed agreement bearing the date and the signatures of both Mr Peres and Mr Botha, Mr Peres’ office issued a statement on Monday denying the report.

    Israel’s increasingly transparent nuclear status is seen as an obstacle to US efforts both to impose sanctions on Iran and to damp down a wider potential nuclear arms race in the Middle East.

    This month the US surprised officials in Tel Aviv by failing to keep Israel’s nuclear programme off the agenda of the IAEA’s next meeting, on June 7. The issue has only ever been discussed twice before, in 1988 and 1991.

    Aware of the growing pressure of Israel to come clean, Benjamin Netanyahu, the Israeli prime minister, declined an invitation to attend a nuclear security conference in Washington last month at which participants had threatened to question Israel about its arms.

    At the meeting, US President Barack Obama called on all countries, including Israel, to sign the Non-Proliferation Treaty.

    A draft declaration being considered at the UN review conference later this week again demands that Israel — and two other states known to have nuclear weapons, India and Pakistan — sign the treaty.

    Egypt has proposed that the 189 states that have signed the treaty, including the US, pledge not to transfer nuclear equipment, information, material or professional help to Israel until it does so.

    Reuven Pedatzur, an Israeli defence analyst, warned recently in Haaretz that there was a danger the Egyptian proposal might be adopted by the US, or that it might be used as a stick to browbeat a recalcitrant Israel into accepting greater limitations on its arsenal. He suggested ending what he called the “ridiculous fiction” of the ambiguity policy.

    Emily Landau, an arms control expert at Tel Aviv University, however, said that those who believed Israel should be more transparent were “misguided”. Ending ambiguity, she said, would eventually lead to calls for Israel’s “total and complete disarmament”.

    The last Non-Proliferation Treaty review conference, five years ago, failed when the US repudiated pledges to disarm and refused to pressure Israel over its nuclear programme.

  • AutoblogGreen for 05.27.10

    Study: highly-efficient semi-trucks lead to 120,000 new jobs by 2030
    Say what?
    Report: Toyota and Daimler planning “extensive cooperation” on fuel cell development
    H2, here they come.
    Honda updates popular “Impossible Dream” commercial, adds a touch of green
    Meet the FCX Clarity, the CR-Z, and more.
    Other news:

    AutoblogGreen for 05.27.10 originally appeared on Autoblog on Thu, 27 May 2010 05:58:00 EST. Please see our terms for use of feeds.

    Read | Permalink | Email this | Comments

  • Airport body scanners raise radiation concerns

    Via Prison Planet.com » Prison Planet

    Seattle Times
    May 27, 2010

    A group of doctors and professors from UC San Francisco are raising new concerns about the safety of a type of airport full-body scanner built by Torrance, Calif.-based Rapiscan Inc.

    To reveal weapons hidden under a traveler’s clothes, the scanner relies on “backscatter technology,” which uses the ricochets from low-level X-rays to create what looks like a nude image of the person.

    The experts said they fear that the scanners may expose the skin to high doses of X-rays that could increase the risk of cancer and other health problems, particularly among people with weak immune systems.

    But officials at the Department of Homeland Security say there is no need to worry.

    “The risk is so low it’s almost negligible,” said Dr. Alexander Garza, the assistant secretary for health affairs and chief medical officer for the department.

    Full article here

    Airport body scanners raise radiation concerns 150410banner7

  • Downtown cafe bomb kills 5, injures dozens in southern Russia

    Via Prison Planet.com » World News

    Russia Today
    May 27, 2010

    A massive explosion has shattered the peace of the Southern Russian city of Stavropol, killing at least five people and injuring more than forty. The region’s governor called the attack an unprecedented act of provocation.

    Downtown cafe bomb kills 5, injures dozens in southern Russia  150410banner1

  • Support the Free Speech About Science Act and restore freedom of health speech

    Via Prison Planet.com » Sci Tech

    Mike Adams
    Natural News
    May 27, 2010

    The Alliance for Natural Health, a nonprofit organization committed to protecting access to natural and integrative medicine, has recently come up with a Congressional bill designed to stop government censorship of truthful, scientific health claims about natural foods and herbs, and restore free speech to natural health. The Free Speech About Science Act (FSAS), also known as HR 4913, will allow manufacturers and producers to reference peer-reviewed, scientific studies that highlight the health benefits of a particular food or herb that they grow or sell.

    For too long, the U.S. Food and Drug Administration (FDA) and the Federal Trade Commission (FTC) have blatantly censored the truth about food, herbs and dietary supplements. These government agencies are supposed to be protecting public health and well-being, but they accomplish precisely the opposite by actively censoring the truth about natural products and working to keep the public ignorant about the health benefits of nutritional products. It’s all part of the plan to prop up the profits of Big Pharma by eliminating the competition.

    Current law restricts health claims to drugs only

    The FDA says, ridiculously, that only pharmaceutical drugs are capable of preventing or treating disease. Even though this is scientifically false, the agency has structured the rules to categorize anything that treats or prevents disease as a drug. So if you eat walnuts, and those walnuts lower high cholesterol (which they do), the FDA declares your walnuts to be “drugs.”

    Existing law dictates that if anything is advertised as providing health benefits without the FDA’s approval, it’s automatically considered to be an “unapproved drug”, even if it’s a common, everyday food like walnuts, cherries, grapes or oranges.

    Amazingly, references to peer-reviewed scientific studies are not allowed to be made by companies without permission from the FDA because the agency considers this to be an illegal health claim. So if you sell walnuts, and your website merely links to published scientific studies that describe the cholesterol-lowering benefits of walnuts, then you can be threatened, arrested, imprisoned and fined millions of dollars by the FDA for selling “unapproved drugs.”

    If you flee the country, you can be then be listed on INTERPOL as an international fugitive wanted for “drug offenses.” This is exactly what happened to Greg Caton, who was recently kidnapped from Ecuador by U.S. agents working on behalf of the FDA (http://www.naturalnews.com/027750_G…), brought back to the USA against his will, and sentenced to federal prison where he remains to this day.

    The FDA thinks walnuts are drugs

    If you’re skeptical that what I’m saying here is true, take a look at the warning letter the FDA sent to Diamond Food, Inc. back in February concerning the health claims the company had been making about its walnuts.

    Support the Free Speech About Science Act and restore freedom of health speech 140410banner4

    Diamond Food, Inc., a large producer of nuts and nut products, had put some information on its website about the health benefits of walnuts (which are rich in omega-3 fatty acids). Some of this information included the following statements (all of which are verifiably true):

    1) “Studies indicate that the omega-3 fatty acids found in walnuts may help lower cholesterol; protect against heart disease, stroke and some cancers; ease arthritis and other inflammatory diseases; and even fight depression and other mental illnesses.”

    2) “[O]mega-3 fatty acids inhibit tumor growth that is promoted by the acids found in other fats…”

    3) “[I]n treating major depression, for example, omega-3s seem to work by making it easier for brain cell receptors to process mood-related signals from neighboring neurons.”

    4) “The omega-3s found in fish oil are thought to be responsible for the significantly lower incidence of breast cancer in Japanese women as compared to women in the United States.”

    All of these statements are true and have been demonstrated in various scientific studies about omega-3s. In fact, the University of Maryland has a complete reference page about the benefits of omega-3s that verifies the statements made by Diamond Food. Sixty-five different scientific studies are cited on that reference page alone!

    But apparently the FDA has little concern with truth and science, because the agency wrote in its warning letter to Diamond that, “[b]ecause of these intended uses, your walnut products are drugs… they are not generally recognized as safe and effective for the above referenced conditions.” It goes on to say that, “they may not be legally marketed with the above claims in the United States without an approved new drug application.”

    When all was said and done, Diamond was essentially coerced into removing virtually all the truthful information about the health benefits of walnuts from its website in order to stay in compliance with the FDA’s ridiculous demands.

    So when science discovers the amazing health-promoting and healing abilities of natural, whole foods, you are not allowed to actually tell people about it. If you do, those foods automatically become unapproved drugs, according to the FDA, and they are subject to seizure. This is how the FDA enforces nutritional ignorance across America. The agency is actually an ANTI-EDUCATION group of knowledge destroyers who want the American people to remain ignorant of the health benefits of natural foods and supplements.

    FDA flip-flop on the walnut issue

    What’s interesting about this recent Diamond walnut case is that, back in 2004, the FDA (sort of) approved a request made on behalf of the California Walnut Commission to include information about the benefits of walnuts for lowering cholesterol and reducing the risk of coronary heart disease.

    The petition to the FDA included references to scientific information that backs these claims (which were largely rejected by the agency), but it did allow a modified version of the claim to be made that included the phrase “Supportive but not conclusive research shows…”. Some other details included a reference to eating a diet low in saturated fat.

    But in the Diamond case, the FDA decided to launch an all-out attack on true health claims about walnuts, despite comprehensive evidence that they are extremely beneficial to your health in many scientifically-proven ways.

    The FDA does not believe in nutrition, period!

    It’s important to note here that the FDA believes there is no such thing as any food, vitamin, herb or supplement that has ANY beneficial effect on the human body. Sadly, this outrageously ridiculous and indefensible position has become the law of the land in the USA.

    All foods are inert, the FDA claims. And the vitamins, minerals and phytochemicals in those foods have no effect on your body. This impossible belief is what the FDA continues to maintain as “scientific” fact.

    But it’s obvious to anyone with a couple of brain neurons still firing that the FDA’s position is pure madness. Of course foods have beneficial health effects on the human body! Foods contain more than mere calories… they are storehouses of phytochemicals and nutrients that have medicinal effects on the body.

    The FDA is good at giving lip service

    It’s important to note that a new drug application is not the only way certain health claims can be made. Similar to how the California Walnut Commission issued its request, producers and manufacturers can request permission from the FDA to make certain health claims about products, and the agency makes it sound as if it is more than willing to approve such claims as long as proper evidence is given. But in reality, no matter how much evidence is provided to back a set of claims, it’s almost never enough for the FDA to actually approve them.

    Omega-3s are one of the most studied nutrients in recent years, but the FDA apparently considers all this research useless. It hides behind all kinds of legal mumbo jumbo in defending its position to reject credible science about the health benefits of omega-3s. To anyone paying attention, it’s becoming abundantly clear that the agency is completely irrational in the way it approaches the regulation of health claims and the definition of a “drug.”

    Based on its track record of how it handles truthful health claims, it’s also clear that the FDA doesn’t actually care about the truth. The agency has decided that only drugs prevent and treat disease, and that’s the end of it. So only those companies that complete its expensive drug application process will be granted permission to make health claims — and the only organizations with the funding to do this are drug companies!

    It’s sort of like the old floating witch test: Throw the suspected witch in a pond. If she floats, she’s a witch and gets burned at the stake. If she sinks, she wasn’t a witch… may she rest in peace after drowning. The test is rigged for failure by the “authorities.” And yes, the FDA’s assault on dietary supplements is a metaphorical witch hunt.

    FDA threatened cherry growers in 2006

    Of course this isn’t the first time the FDA has gone on a witch hunt to stop health claims from being made about healing foods. Back in 2006, the FDA demanded that 29 companies cease making claims about the health benefits of cherries.

    Of course all the claims were true and backed by scientific studies, but this didn’t matter to the FDA or the FTC, which acts as the enforcement arm of the FDA. The agencies threatened to take action against these companies if they didn’t comply with removing the health claims, indicating that they would even go so far as to seek a court order to seize the products that were in violation.

    An interesting fact about this case is that many of the scientific studies that supported the health claims being made were funded by none other than the USDA, another arm of the U.S. federal government. Talk about a bureaucratic failure!

    All of this seems almost too crazy to actually be true, but it’s all quite real, I assure you. It happens all the time. Millions of taxpayer dollars are spent trying to reclassify food as drugs, censor truthful health claims and rid the market of safe, healthy items like raw dairy products. Meanwhile, drug companies are fraudulently marketing dangerous chemical medications that injure and kill milliosn of people every year around the world. But these chemicals are, of course, “generally recognized as safe and effective” by the FDA.

    Cherries and walnuts, in other words, are dangerous. But statin drugs, antidepressants and rat poison blood thinners are all backed and approved by the U.S. Food and Drug Administration.

    Frito-Lay snacks are ‘heart healthy’

    Like almost everything else the FDA does, there’s a double standard in the enforcement of health claims. Over at the Frito-Lay website, there are a whole lot of ridiculous health claims being made about Frito-Lay snack foods that the FDA doesn’t seem too concerned about.

    Statements include the following, which are in reference to “how much good stuff goes into your favorite snack”:

    “Good stuff like potatoes, which naturally contain vitamin C and essential minerals. Or corn, one of the world’s most popular grains, packed with Thiamin, vitamin B6, and phosphorus – all necessary for healthy bones, teeth, nerves and muscles.”

    Too bad all these ingredients are fried at really high temperatures and can’t be considered “healthy” by any stretch of the imagination. The page goes on to claim that its frying oils are filled with “good fats” that help to lower cholesterol (seriously, I’m not making this up).

    Somehow Frito-Lay, a division of PepsiCo, gets away with marketing its junk food snack products as healthy, making all kinds of ludicrous claims about them, but walnut and cherry growers are the target of FDA investigations about labeling fraud.

    The message? Raw natural foods and non-processed fruits and nuts are bad for you, but fried snack foods, dead foods and processed foods are incredibly healthy. In opposition to all common sense, this is the position the FDA now maintains.

    Things are seriously out of control.

    The Life Extension Foundation has also written about the madness of this situation. Read “FDA Says Walnuts are Illegal Drugs” at: http://www.lef.org/featured-article…

    The Free Speech About Science Act

    There is some good news, though. My friends over at the Alliance for Natural Health have come up with a solution to take back our freedom to tell the truth about the health benefits of natural products. It’s called the Free Speech About Science Act, or HR 4913.

    You can read the entire legislative text of the bill at the following link:
    (http://www.anh-usa.org/wp-content/u…)

    The bill is only seven pages long, and you can read it fairly quickly if you want to. Here’s a quick summary of its primary objectives with some added commentary:

    1) Food producers and manufacturers, dietary supplement makers, and any others who sell or market natural health products will no longer be restricted from referencing and citing independent and respected scientific research that highlights the health benefits of natural products. (Current FDA guidelines are in violation of the First Amendment to the Constitution, which prohibits government restrictions on free speech, even those that relate to natural health.)

    2) Referencing valid research will no longer convert food and dietary supplements into “unapproved drugs” in the eyes of the FDA.

    3) Only legitimate research may be referenced, and guidelines for what is considered legitimate include studies that are conducted in accordance with sound scientific principles (because natural health is not in opposition to science; science actually supports the healing properties of foods and supplements).

    4) The FDA and FTC will still be permitted to go after fraudulent claims, but they will no longer be able to censor the truth about healing foods and supplements.

    Help end FDA tyranny against food and supplement companies

    As it currently stands, most Americans are unable to make responsible, informed lifestyle decisions about foods and supplements because truthful information is restricted by agencies like the FDA and FTC. Mainstream society is flooded with drug advertising making all sorts of false claims, but true claims about natural products are routinely censored.

    It’s time to put a stop to this FDA madness, and one way to go about that is to support the Free Speech About Science Act. Every American deserves access to the truth so that he or she can make informed lifestyle choices, and you can help make that happen by supporting this bill.

    The Alliance for Natural Health has created a convenient legislative portal by which you can contact your Congressman and urge support for the bill.

    Access the portal here:
    (https://secure3.convio.net/aahf/site/Advocacy?cmd=display&page=UserAction&id=529)

    To learn more about the bill itself, visit the following link:
    (http://www.anh-usa.org/main-menu/ca…)

    In the mean time, keep on buying (and consuming) natural foods, medicinal herbs and truly natural supplements, because that’s where the real medicine in our world is found. The FDA can try to censor the claims about healing foods, but they cannot stop your body’s own innate healing process from being activated by those foods.

    Eating healing foods, in other words, helps your body heal whether the FDA approves or not.

  • Honda to install brake override on all Honda, Acura brand models by end of 2011

    Honda Motor Co. is starting an initiative to have brake override systems installed on all Honda and Acura models by the end of 2011.

    This preemptive move may soon be mandatory; Congress is currently weighing mandatory brake override systems as a result of its investigation into Toyota.

    “We are committed to applying Brake Priority Logic on 100 percent of Honda and Acura passenger vehicles produced for the North American market by the end of calendar year 2011, with our first application coming to market in late August 2010,” Honda’s U.S. sales subsidiary said yesterday in a statement.

    – By: Stephen Calogera


  • Australia’s Victorian government creates seminar to “deal with denialism”

    Via Prison Planet.com » Prison Planet

    Anthony Watts
    Watts Up With That?
    May 27, 2010

    Whoo boy. It must be rough out there when CSIRO has to have seminars on how to deal with us rowdy ruffian “deniers”. I’m surprised though, a 15 million budget, and they ask you to bring a sack lunch?

    Australia’s Victorian government creates seminar to “deal with denialism”

    Here’s the text, PDF follows:

    ================================================

    DSE invites members of the Victorian Public Service to a presentation on:

    Dealing with climate change denialism with Paul Holper, CSIRO

    Popular opinion on climate change often waivers, particularly when the media focus on denialist views and encourage “debates” with climate change scientists.

    The Victorian Government, along with other governments in Australia and across the world, rely on the scientific community for advice on climate change and its likely impacts.

    The Intergovernmental Panel on Climate Change (IPCC) is recognised as the international authority on climate change science and denialist views often lack rigor and credibility in comparison.

    Paul Holper (CSIRO) will present on ways to approach climate change denialism in a Victorian context.

    To register for this event please email: [email protected] by Friday 11 June 2010

    Friday 18 June 2010, 12:00 pm – 1:30 pm (includes question time)
    Treasury Theatre, Lower Plaza
    1 Macarthur Street, East Melbourne
    BYO lunch!

    Paul Holper
    Paul manages the CSIRO’s involvement in the Australian Climate Change Science Program, a $15 million program supported by the Commonwealth Department of Climate Change and Energy Efficiency. This program undertakes observations of the atmosphere, oceans and terrestrial systems, as well as climate model development, and projections of Australia’s likely future climate. Paul coordinated the most recent climate change projections for Australia (based on IPCC models), announced by BoM and CSIRO in 2007.

    ========================================

    Here’s the PDF of the poster for this event:

    Poster_Paul_Holper_final

    Thanks to David Archibald for the tip.

    Australia’s Victorian government creates seminar to “deal with denialism” 260310banner2