Category: News

  • Steele Sides With Israeli Settlers At Central Park Rally: Obama Has ?Left Israel To Fend For Herself?

    Steele Sides With Israeli Settlers At Central Park Rally: Obama Has ?Left Israel To Fend For Herself?
    On Saturday, Republican National Committee Chairman Michael Steele appeared at a right-wing pro-Israeli settler rally in New York’s Central Park, trashing the Obama administration’s policy toward Israel, and rejecting further Israeli “concessions” to the peace process. “It grieves me to the core,” said Steele, “to have to admit that today the American government has abdicated her […]

    On Saturday, Republican National Committee Chairman Michael Steele appeared at a right-wing pro-Israeli settler rally in New York’s Central Park, trashing the Obama administration’s policy toward Israel, and rejecting further Israeli “concessions” to the peace process.

    “It grieves me to the core,” said Steele, “to have to admit that today the American government has abdicated her traditional solidarity with Israel”:

    Today, Israel truly stands alone among governments. Facing existential threats more dangerous and more imminent than ever before. That’s not to say that Israel has been abandoned, however, by the American people. But there is no denying that the current administration and its Congressional collaborators have left Israel to fend for herself.

    Watch it:

    It would be interesting to hear Steele explain how the Obama administration’s request for — and its Congressional “collaborators’” approval of — an additional $205 million in assistance for Israel for the “Iron Dome” short-range missile defense system squares with his assertion that the U.S. is “leaving Israel to fend for herself.”

    Furthermore, as the Wall Street Journal reported earlier this month, despite tensions over Israeli settlements, under the Obama administration the U.S. and Israel “actually have undertaken a broad effort at military and strategic cooperation — including supplying Israel with sophisticated American military equipment — to counter threats from Iran and Hezbollah fighters armed by Syria.”

    Accusing the Obama administration of having an “appeasement-first mentality,” Steele went on to insist that “For the sake of Jerusalem, we must not be silent”:

    For the sake of Jerusalem, we must no longer allow this or any administration to second-guess the relationship between Israel and America. For the sake of Jerusalem, the world can longer demand that Israel sell out the security of her people, and make every concession in the book just on the off-chance that a Palestinian leadership might show up at the bargaining table willing to recognize Israel’s right to exist.

    Steele shouldn’t have to be reminded of this, but pressuring Israel to honor its own past commitments to cease settlement construction does not in any sense qualify as a “concession.” These commitments were made as part of agreements brokered by the United States and its partners, whose credibility is negatively impacted by the refusal of the parties to meet their obligations. This doesn’t seem to bother Steele.

    And, just in point of fact, the Palestinians already showed up at the bargaining table willing to recognize Israel’s right to exist, and did so — back in 1993.

    As was noted in a previous post, this rally was sponsored by some of the most hardcore pro-settler organizations in the country, groups that actively support the takeover of Palestinian land by violent Jewish religious extremists. It’s disgraceful that Steele would even appear at such an event in the first place, let alone go and tell transparent, pandering lies about the Obama administration’s policies and encourage the most rejectionist elements in Israeli politics in the interest of getting a few more votes for Republicans.

  • Obama backs ‘don’t ask, don’t tell’ compromise that could pave way for repeal

    Obama backs ‘don’t ask, don’t tell’ compromise that could pave way for repeal
    President Obama has endorsed a “don’t ask, don’t tell” compromise between lawmakers and the Defense Department, the White House announced Monday, an agreement that may sidestep a key obstacle to repealing the military’s policy banning gay men and lesbians from serving openly in the armed forces.



    Barack ObamaPresidentUnited Statesdon’t ask don’t tellHistory

    Obama administration conflicted about relying on BP to stop gulf oil spill
    The tenuous alliance among the Obama administration, the oil firm BP and Gulf Coast officials was visibly fraying on Monday, with exasperation on all sides mounting as oil from a deep-water gusher began lapping at the region’s environmentally fragile shoreline.


    Oil spillEnvironmentEnergyPetroleum in the EnvironmentUnited States

    Federal Eye: ‘Don’t ask, don’t tell’ compromise in the works
    White House officials, Democratic congressional leaders and gay rights groups met on Monday to discuss a possible repeal of the military’s “don’t ask, don’t tell” policy.


    don’t ask don’t tellUnited StatesHealthBarack ObamaJoint Chiefs of Staff

    President Obama seeks new version of line-item veto
    As part of what the White House called a campaign to crack down on wasteful government spending, President Obama on Monday asked Congress to grant him new powers to slice lawmakers’ pet projects from congressionally approved spending bills.



    Barack ObamaPresidentLine-item vetoUnited StatesHistory

    Senate bill brings new powers, new pressures for Fed
    The Federal Reserve, a target of bipartisan bashing during the past two years, has emerged a big winner in the financial overhaul passed by the Senate, but the broader powers granted by the legislation expose the central bank to new risks.


    United StatesGovernmentSenateLegislative BranchUnited States Senate

  • Dacia’s car models on German Autobahn

    Dear car drivers, I’m posting for Speed Market from Romania. I have received a link regarding “Reverse innovation in action: Romanian cars from a french company on the german autobahn” and i’m able to give more details regarding.

    First, please take on the post described by “Hardvard Business Review” on the blogs section:

    Imagine you’re German, you need a new family car, and you have a limited budget — say, US$9,400. What can you do? Continue using public transportation? Buy a used car? Or maybe buy a brand-new Dacia Logan!

    Dacia is a Romanian car manufacturer acquired in 1999 by French automaker Renault with the aim of designing low-cost passenger vehicles for emerging Eastern European markets. The Logan, a five-seater with a spacious trunk, was introduced in Romania in 2004 and subsequently to neighboring countries. The Logan’s basic version, costing US$6,500, was revolutionary in the automotive industry well before the Tata Nano appeared on the scene. Dacia now offers pickups, vans, station wagons, and mini SUVs (Duster) in emerging as well as developed markets. In Germany alone, where the car is offered starting at US$9,400, Dacia’s sales jumped from about 6,000 units in 2006 to about 85,000 units in 2009 — this in a land studded with its own car brands.

    To offer the car at such low prices, Renault followed a stringent design-to-cost approach. The Logan consists of fewer parts than the average Western car and is made of traditional steel in a labor-intensive assembly process in a low-cost country. To meet the needs of emerging market customers, the car has a fuel filter, increased ground clearance, and a battery that can survive extreme weather conditions. Maintenance is simple; a basic technician can do the work. Interestingly, the Logan originally was conceived at Renault‘s French R&D headquarters. Product development responsibility gradually shifted to the company’s new R&D center in Romania.

    When Dacia launched the Logan in Germany, they followed five principles that may be useful to other companies planning to bring emerging market products into developed markets.

    Focus on building platforms, not products. Platforms can be scaled up or down for global markets. For the German market, Dacia scaled up the product platform with more safety features and more appealing exterior characteristics, such as metallic paint. This allowed the automaker to charge higher prices and, in turn, reap higher profit margins.

    Select target customers. The company carefully chose its target customers. Typically, these customers are people who buy a Logan instead of a used car, a cheap, Asian import, or a very small European car. These customers value price, space, and reliability. Renault highlights Logan’s best space-price ratio in its respective car segment. The car’s exceptional reliability is highlighted via guarantees, regular checks, and customer satisfaction surveys.

    Please continue on the source this article.

    Did you know that about Dacia ?
    Dacia is a Romanian car manufacturer, named for the historic region that constitutes much of present-day Romania. It is now a subsidiary of the French carmaker Renault. The company is the main exporter from Romania with a market share of 10% of total exports.

    Automobile Dacia company was founded in 1966 with assistance from Renault and the main Dacia factory was built in 1968, in Colibaşi (now called Mioveni), near Piteşti. Dacia acquired the tooling and basic designs of the Renault 12. However, until the tooling was ready it was decided to produce the Renault 8 under licence; it was known as the Dacia 1100.

    From 1968 to 1972, some 44,000 were produced, with a very minor cosmetic change to the front in early 1970. Also produced in very limited numbers was the 1100S, with twin headlamps and a more powerful engine, used by the police and in motor racing.

    And now …

    Dacia Logan

    Dacia Logan MCV

    Dacia Sandero | Dacia Sandero Stepway

    Dacia Duster, first concept car

    Dacia Duster

    Romanians car, Dacia are very good cars, for the prices and quality and the road’s infrastructure. The low cost models are Dacia Logan, Dacia Logan MCV, Dacia Sandero, Dacia Sandero Stepway, Dacia Duster.

    Check here more information regarding Dacia and it’s car models.

  • Spy Shots: Is this the new 2011 Volkswagen Jetta?

    Spy Shots: 2011 Volkswagen Jetta

    A forum member over at GM Inside News snapped these photos of two Volkswagen prototype sedans driving around the Metro Detroit area. The two are believed to be the next-generation Volkswagen Jetta sedans, which are scheduled to debut later this fall.

    It may also be a possibility that the two sedans pictured are the upcoming New Midsize Sedan, which will be built at Volkswagen’s new Chattanooga, Tennessee, plant. However, the proportions of the two prototypes don’t seem to have anything “midsize” about them.

    We’re putting our money on the 2011 Volkswagen Jetta.

    Spy Shots: 2011 Volkswagen Jetta:

    – By: Omar Rana

    Source: GMI


  • HP Uses Bio Fuels for Rural Data Center Power

    CowData Centers are moving to rural areas where land and labor are less expensive.  There are often farms and lots of cows … and therefore lots of cow manure.

    A significant cost of operating data centers is the electric bill.

    " … Hewlett-Packard …simultaneously help dairy farmers get rid of cow manure and help data center operators procure relatively cheap fuel: Use the manure to power servers."

    " … data centers … building them in rural areas, which happen to have an excess of animal waste. The heat from a data center could be used to improve the process by which the waste turns it into methane, which can be used in place of natural gas or diesel, HP’s researchers maintain. "

    "… average dairy cow, … produces approximately 120 pounds of waste a day. It would take 10,000 cows to produce enough energy for a data center big enough to support a bank.  "

     

    Via:  Fierce CIO LINK

  • Jeb Bush on the Republican Future

    Jeb Bush on the Republican Future
    Fred Barnes, Weekly Standard
    “It is all about a four-letter word: jobs, jobs, jobs, jobs. We are all about jobs.”�”"Nancy Pelosi, May 4, 2010It would have taken a heart of stone not to laugh. Wheeled out earlier this month for celebrations to mark his 80th birthday, a rickety Helmut Kohl announced that the fate of the EU's floundering single currency was a matter of life and death: “European unification is a question of war and peace .”�”�.”�”�. and the euro is part of our guarantee of peace.”� West PointCoral Gables, FloridaJeb Bush is not running…

    Obama Should Have Stood Up to Calderon

    Russia is Getting Its ‘Sphere’ Back

    Alexander Emerges as Trusted Adviser to McConnell

  • 10 Things You Need To Know Before The Opening Bell (AIG, BP, SPY)

    north korea

    Good morning. Here’s what you need to know:

    • Asian markets fell significantly overnight due to increasing geopolitical fears associated with the Korean Peninsula. European markets are also down hard in early trading on similar news, as well as concerns over the Spanish banking system. U.S. futures are down ahead of today’s trading day.
    • Credit is not just becoming tighter in Europe, but worldwide, as investors are now beginning to fear the threat of European debt contagion and a potential double-dip recession. U.S. government debt is now showing some signs of the distress.
    • The CEO of AIA, the Asian division of AIG, has said he will quit if the company’s takeover by the UK’s Prudential goes through. He sees the deal as “unworkable.”
    • Markets seem to be predicting an Australian interest rate cut as a result of a slowing economy brought down by a drag on the country’s mining sector. The country, which was an early rate hiker, is now likely to cut rates.
    • Bonus: Kim Kardashian has admitted to plastic surgery, but only a little botox. She has denied ever having her “nose done.”

     

    Get This Delivered Straight To Your Inbox

    Signing up to get 10 Things You Need to Know Before the Opening Bell delivered to your inbox every morning is quick and easy.  Use the form below to enter your information then click the “Sign Up” button.

     

     

     

    Privacy Policy


    Please Note: Business Insider will never share your information with any other companies. You also have the ability to unsubscribe from these newsletters at any time simply by following the unsubscribe link located at the bottom of each email

     

    Join the conversation about this story »

  • Spring Learnings: Defensive Backs

    Jermale Hines would like to remind us all that he started in 8 games at safety last year.

    The loss of multi-year starters Kurt Coleman and Anderson Russell at safety combined with a spring game featuring a secondary that looked lost at times gives Ohio State fans the perfect opportunity to be concerned about something.

    During a summer with very few question marks on offense or defense, the secondary will certainly be a topic of conversation. But let’s face it, when half of your questions that need to be answered heading into fall practice involve your third wide receiver and running back, you are in pretty good shape.

    So even though the holes at safety and the apparent inability of Chekwa or Torrence to reach shut-down corner status are mildly concerning, count me as far from worried about it.

    Here are a few things that I learned this spring about the secondary.

    The secondary was hit the hardest (next to the offensive line) from being split up in the spring draft.

    It takes cohesion and teamwork in the secondary, and when your starting corners and soon-to-be starting safeties aren’t even playing on the same team with each other, can you really make a judgment about the secondary?

    The answer is no.

    Combine that with the defensive schemes being extremely limited and you have the ingredients for a bad showing from the secondary, regardless of the level of talent that you have.

    Long story short, take everything you think you learned about the secondary in the spring game and throw it out the window.

    Orhian Johnson was extremely impressive this spring.

    Instead of focusing on the spring game performances, I think a better indicator of things to come is how early and definitively Orhian Johnson locked down the starting safety spot next to Jermale Hines.

    What was supposed to be a battle in the spring quickly turned into a two man show. While Hines locking down a spot was not surprising, I expected the competition over the other safety spot to last the entire spring and into the fall.

    That didn’t happen and all of the competition in the secondary quickly moved to the star position. A week or two into practice and the coaching staff didn’t even pretend that the safety spots were still up for grabs.

    This indicates to me that Johnson was lights out, and hopefully we will see some big things from him this year.

    Stop worrying about the cornerbacks.

    Focusing entirely on football this spring should pay huge dividends for Torrence and the Buckeyes this fall.

    It is difficult for me to understand exactly what people are worried about with the cornerbacks. We have two returning starters who are both seniors and who both played above average last year.

    Neither of them really stood out, I will give you that, but at the same time, neither one consistently got beat either.

    Most of all, I don’t understand people’s concerns about Chekwa.

    Are we really still hung up on the fact that he got picked on by one of the best QB’s in college football over the past decade (Colt McCoy) in a bowl game two years ago?

    I say get over it, our cornerbacks are experienced and should be two of the best in the Big Ten.

    I can understand some mild worries about the secondary this summer, because really, what else is there to worry about?

    At the same time, the defensive front seven is going to be the secondary’s best friend (just like last year), so even if there are issues (which I think are either non-existent or greatly exaggerated) they should be masked.

    The secondary won’t be as good as the front seven next year, but that isn’t a fair comparison.

    I predict that our defense is going to be very, very good next season, and the secondary might not be a major reason why, but they will certainly do their part.

  • 25 Questions To Ask Anyone Who Is Delusional Enough To Believe That This Economic Recovery Is Real

    Via Prison Planet.com » Commentary

    The Economic Collapse
    May 25, 2010

    If you listen to the mainstream media long enough, you just might be tempted to believe that the United States has emerged from the recession and is now in the middle of a full-fledged economic recovery.  In fact, according to Obama administration officials, the great American economic machine has roared back to life, stronger and more vibrant than ever before.  But is that really the case?  Of course not.  You would have to be delusional to believe that.  What did happen was that all of the stimulus packages and government spending and new debt that Obama and the U.S. Congress pumped into the economy bought us a little bit of time.  But they have also made our long-term economic problems far worse.  The reality is that the U.S. cannot keep supporting an economy on an ocean of red ink forever.  At some point the charade is going to come crashing down. 

    And GDP is not a really good measure of the economic health of a nation.  For example, if you would have looked at the growth of GDP in the Weimar republic in the early 1930s, you may have been tempted to think that the German economy was really thriving.  German citizens were spending increasingly massive amounts of money.  But of course that money was becoming increasingly worthless at the same time as hyperinflation spiralled out of control.

    Well, today the purchasing power of our dollar is rapidly eroding as the price of food and other necessities continues to increase.  So just because Americans are spending a little bit more money than before really doesn’t mean much of anything.  As you will see below, there are a whole bunch of other signs that the U.S. economy is in very, very serious trouble. 

    Any “recovery” that the U.S. economy is experiencing is illusory and will be quite temporary.  The entire financial system of the United States is falling apart, and the powers that be can try to patch it up and prop it up for a while, but in the end this thing is going to come crashing down.

    But as obvious as that may seem to most of us, there are still quite a few people out there that are absolutely convinced that the U.S. economy will fully recover and will soon be stronger than ever.

    So the following are 25 questions to ask anyone who is delusional enough to believe that this economic recovery is real….  

    25 Questions To Ask Anyone Who Is Delusional Enough To Believe That This Economic Recovery Is Real 140410banner4

    #1) In what universe is an economy with 39.68 million Americans on food stamps considered to be a healthy, recovering economy?  In fact, the U.S. Department of Agriculture forecasts that enrollment in the food stamp program will exceed 43 million Americans in 2011.  Is a rapidly increasing number of Americans on food stamps a good sign or a bad sign for the economy?

    #2) According to RealtyTrac, foreclosure filings were reported on 367,056 properties in the month of March.  This was an increase of almost 19 percent from February, and it was the highest monthly total since RealtyTrac began issuing its report back in January 2005.  So can you please explain again how the U.S. real estate market is getting better?

    #3) The Mortgage Bankers Association just announced that more than 10 percent of U.S. homeowners with a mortgage had missed at least one payment in the January-March period.  That was a record high and up from 9.1 percent a year ago.  Do you think that is an indication that the U.S. housing market is recovering?

    #4) How can the U.S. real estate market be considered healthy when, for the first time in modern history, banks own a greater share of residential housing net worth in the United States than all individual Americans put together?

    #5) With the U.S. Congress planning to quadruple oil taxes, what do you think that is going to do to the price of gasoline in the United States and how do you think that will affect the U.S. economy?

    #6) Do you think that it is a good sign that Arnold Schwarzenegger, the governor of the state of California, says that “terrible cuts” are urgently needed in order to avoid a complete financial disaster in his state?

    #7) But it just isn’t California that is in trouble.  Dozens of U.S. states are in such bad financial shape that they are getting ready for their biggest budget cuts in decades.  What do you think all of those budget cuts will do to the economy?

    #8) In March, the U.S. trade deficit widened to its highest level since December 2008.  Month after month after month we buy much more from the rest of the world than they buy from us.  Wealth is draining out of the United States at an unprecedented rate.  So is the fact that the gigantic U.S. trade deficit is actually getting bigger a good sign or a bad sign for the U.S. economy?

    #9) Considering the fact that the U.S. government is projected to have a 1.6 trillion dollar deficit in 2010, and considering the fact that if you went out and spent one dollar every single second it would take you more than 31,000 years to spend a trillion dollars, how can anyone in their right mind claim that the U.S. economy is getting healthier when we are getting into so much debt?

    #10) The U.S. Treasury Department recently announced that the U.S. government suffered a wider-than-expected budget deficit of 82.69 billion dollars in April.  So is the fact that the red ink of the U.S. government is actually worse than projected a good sign or a bad sign?

    #11) According to one new report, the U.S. national debt will reach 100 percent of GDP by the year 2015.  So is that a sign of economic recovery or of economic disaster?

    #12) Monstrous amounts of oil continue to gush freely into the Gulf of Mexico, and analysts are already projecting that the seafood and tourism industries along the Gulf coast will be devastated for decades by this unprecedented environmental disaster.  In light of those facts, how in the world can anyone project that the U.S. economy will soon be stronger than ever?

    #13) The FDIC’s list of problem banks recently hit a 17-year high.  Do you think that an increasing number of small banks failing is a good sign or a bad sign for the U.S. economy?

    #14) The FDIC is backing 8,000 banks that have a total of $13 trillion in assets with a deposit insurance fund that is basically flat broke.  So what do you think will happen if a significant number of small banks do start failing?

    #15) Existing home sales in the United States jumped 7.6 percent in April.  That is the good news.  The bad news is that this increase only happened because the deadline to take advantage of the temporary home buyer tax credit (government bribe) was looming.  So now that there is no more tax credit for home buyers, what will that do to home sales? 

    #16) Both Fannie Mae and Freddie Mac recently told the U.S. government that they are going to need even more bailout money.  So what does it say about the U.S. economy when the two “pillars” of the U.S. mortgage industry are government-backed financial black holes that the U.S. government has to relentlessly pour money into?

    #17) 43 percent of Americans have less than $10,000 saved for retirement.  Tens of millions of Americans find themselves just one lawsuit, one really bad traffic accident or one very serious illness away from financial ruin.  With so many Americans living on the edge, how can you say that the economy is healthy?

    #18) The mayor of Detroit says that the real unemployment rate in his city is somewhere around 50 percent.  So can the U.S. really be experiencing an economic recovery when so many are still unemployed in one of America’s biggest cities?

    #19) Gallup’s measure of underemployment hit 20.0% on March 15th.  That was up from 19.7% two weeks earlier and 19.5% at the start of the year.  Do you think that is a good trend or a bad trend?

    #20) One new poll shows that 76 percent of Americans believe that the U.S. economy is still in a recession.  So are the vast majority of Americans just stupid or could we still actually be in a recession?

    #21) The bottom 40 percent of those living in the United States now collectively own less than 1 percent of the nation’s wealth.  So is Barack Obama’s mantra that “what is good for Wall Street is good for Main Street” actually true?

    #22) Richard Russell, the famous author of the Dow Theory Letters, says that Americans should sell anything they can sell in order to get liquid because of the economic trouble that is coming.  Do you think that Richard Russell is delusional or could he possibly have a point?

    #23) Defaults on apartment building mortgages held by U.S. banks climbed to a record 4.6 percent in the first quarter of 2010.  In fact, that was almost twice the level of a year earlier.  Does that look like a good trend to you?

    #24) In March, the price of fresh and dried vegetables in the United States soared 49.3% – the most in 16 years.  Is it a sign of a healthy economy when food prices are increasing so dramatically?

    #25) 1.41 million Americans filed for personal bankruptcy in 2009 – a 32 percent increase over 2008.  Not only that, more Americans filed for bankruptcy in March 2010 than during any month since U.S. bankruptcy law was tightened in October 2005.  So shouldn’t we at least wait until the number of Americans filing for bankruptcy is not setting new all-time records before we even dare whisper the words “economic recovery”?

  • Belief In Man-Made Climate Change Collapses In Britain & Germany

    Via Prison Planet.com » Sci Tech

    Climate Fears Turn to Doubts Among Britons

    ELISABETH ROSENTHAL
    NY Times
    May 25, 2010

    Last month hundreds of environmental activists crammed into an auditorium here to ponder an anguished question: If the scientific consensus on climate change has not changed, why have so many people turned away from the idea that human activity is warming the planet?

    Nowhere has this shift in public opinion been more striking than in Britain, where climate change was until this year such a popular priority that in 2008 Parliament enshrined targets for emissions cuts as national law. But since then, the country has evolved into a home base for a thriving group of climate skeptics who have dominated news reports in recent months, apparently convincing many that the threat of warming is vastly exaggerated.

    A survey in February by the BBC found that only 26 percent of Britons believed that “climate change is happening and is now established as largely manmade,” down from 41 percent in November 2009. A poll conducted for the German magazine Der Spiegel found that 42 percent of Germans feared global warming, down from 62 percent four years earlier.

    And London’s Science Museum recently announced that a permanent exhibit scheduled to open later this year would be called the Climate Science Gallery — not the Climate Change Gallery as had previously been planned.

    Full article here

    Belief In Man Made Climate Change Collapses In Britain & Germany 140410banner4

  • Britney Spears Frozen After Death?

    And now it’s time for another chuckle-worthy gem from the bastion of truth that is The Sun: Britney Spears supposedly wants to be frozen after her death so that she could be brought back to life when technology is advanced enough to bring her back to life.

    The “Break The Ice” singer wants her body to be preserved in liquid nitrogen at cryogenic temperature so that future generations can see her dancing routines if she is revived back to life, the outlandish tabloid report claims. In fact, the 28-year-old has already started investing in a foundation specializing in cryogenic freezing.

    “Britney gets these obsessions and this is the latest. It started when someone told her Walt Disney had been preserved by cryogenics to be revived in the future. That was a myth, but it got her researching the foundation and she became convinced it was worth a shot,” a Brit pal blabs. “Britney found the whole thing so interesting that she spent most of her Mother’s Day trip to Disneyland researching the subject on the internet.”

    The source adds: “Jamie is quite happy to let Britney have her little obsession. And if she wants to invest her money in cryogenics that’s fine, we’re only talking around $350,000 maximum. “However, much more than that and he may change his mind.”


  • More Blank Checks to the Military Industrial Complex

    Via Prison Planet.com » Commentary

    Ron Paul
    Campaign For Liberty
    May 25, 2010

    Congress, with its insatiable appetite for spending, is set to pass yet another “supplemental” appropriations bill in the next two weeks. So-called supplemental bills allow Congress to spend beyond even the 13 annual appropriations bills that fund the federal government. These are akin to a family that consistently outspends its budget, and therefore needs to use a credit card to make it through the end of the month.

    If the American people want Congress to spend less, putting an end to supplemental appropriations bills would be a start. The 13 “regular” appropriations bills fund every branch, department, agency, and program of the federal government. Congress should place every dollar in plain view among those 13 bills. Instead, supplemental spending bills serve as a sneaky way for Congress to spend extra money that was not projected in budget forecasts. Once rare, they have become commonplace vehicles for deficit spending.

    The latest supplemental bill is touted as an “emergency” war spending bill, needed to fund our ongoing conflicts in the Middle East. The emergencies never seem to end, however, and Congress passes one military supplemental bill after another as the wars in Iraq and Afghanistan drag on.

    Many of my colleagues argue that Congress cannot put a price on our sacred national security, and I agree that the strong, unequivocal defense of our country is a top priority. There comes a time, however, when we must take stock of what our blank checks to the military industrial complex accomplish for us, and where the true threats to American citizens lie.

    More Blank Checks to the Military Industrial Complex 150410banner7

    The smokescreen debate over earmarks demonstrates how we have lost perspective when it comes to military spending. Earmarks constitute about $11 billion of the latest budget. This sounds like a lot of money, and it is, but it is a drop in the bucket compared to the $708 billion spent by the Pentagon this year to expand our worldwide military presence. The total expenditures to maintain our world empire is approximately $1 trillion annually, which is roughly what the entire federal budget was in 1990!

    We spend more on defense than the rest of the world combined, and far more than we spent during the Cold War. These expenditures in many cases foment resentment that does not make us safer, but instead makes us a target. We referee and arm conflicts the world over, and have troops in some 140 countries with over 700 military bases.

    With this enormous amount of money and energy spent on efforts that have nothing to do with the security of the United States, when the time comes to defend American soil, we will be too involved in other adventures to do so.

    There is nothing conservative about spending money we don’t have simply because that spending is for defense. No enemy can harm us in the way we are harming ourselves, namely bankrupting the nation and destroying our own currency. The former Soviet Union did not implode because it was attacked; it imploded because it was broke. We cannot improve our economy if we refuse to examine all major outlays, including so-called defense spending.

  • Italian ‘Castle In The Sky’ Concept Looks Beautiful [Architecture]

    While there are obvious doubts as to whether this “castle in the sky” will ever leave its concept phase, you’ve got to admit the idea is breath-taking. Soaring high above, it’s the next-gen hydrology system for cities. More »










    ItalyArchitectureArtsRecreationUnited States

  • Technical Analysis /12:10 GMT/ (EUR/USD, GBP/USD, EUR/JPY, GBP/JPY) 25.05.2010.

     

    EUR/USD (short term):. The pair is capped by a bearish channel. Sell under: 1.2315. TP at 1.2200 and 1.2150. Key levels: 1.2045, 1.2150, 1.2200, 1.2216, 1.2315, 1.2400, 1.2480

    GBP/USD (short term): The pair is under pressure. Further downside moves are likely. Buy Sell under 1.4400. TP 1.4235 and 1.4150. Key levels: 1.4070, 1.4150, 1.4235, 1.4283, 1.4400, 1.4470, 1.4530

    EUR/JPY (short term): The pair is likely to fall to it’s previous low. Sell under 111.20. TP 109.30 and 108.05. Key levels: 107.65, 108.50, 109.30, 109.65, 111.20, 111.90, 113.50

    GBP/JPY (short term): The pair is under pressure. Sell under 129.50. TP 127.70 and 126.75 Key levels: 125.80, 126.75, 127.70, 128.38, 129.50, 130.50, 131.50

    Related posts:

    1. Technical Analysis /18:25 GMT/ (EUR/USD, GBP/USD, EUR/JPY, GBP/JPY) 20.05.2010.
    2. Technical Analysis /12:18 GMT/ (EUR/USD, GBP/USD, EUR/JPY, GBP/JPY, USD/JPY) 07.05.2010.
    3. Technical Analysis /latest update/ (EUR/USD, GBP/USD, EUR/JPY, GBP/JPY, USD/JPY) 22.05.2010.

  • Lord Monckton wins global warming debate at Oxford Union

    Via Prison Planet.com » Sci Tech

    Anthony Watts
    Watts Up With That?
    May 25, 2010

    I’m waiting for actual photos of the event from the official photographer, but for now I’ll make do with what can be found on the Internet. For those who don’t know, the Oxford Union is the top of the food chain for scholarly debate. This is a significant win.

    File:OxfordUnionTwo20040228CopyrightKaihsuTai.png The Oxford Union Debate Chamber – image from Wikimedia 

    Founded in 1823 at the University of Oxford, but maintaining a separate charter from the University, The Oxford Union is host to some of the most skillful debates in the world. Many eminent scholars and personalities have come and either debated or delivered speeches in the chamber. Monckton was invited as part of the formal Thursday debate.

    It is described as follows:

    The Union is the world’s most prestigious debating society, with an unparalleled reputation for bringing international guests and speakers to Oxford. It has been established for 182 years, aiming to promote debate and discussion not just in Oxford University, but across the globe.

    Here is a view inside from a previous debate:

    http://mba.sbsblogs.co.uk/wp-content/uploads/2008/12/06-the-oxford-union-debating-chamber-pic-courtesy-rajiv-dabas-2.jpg The Debate Chamber – Photo by: Rajiv Dabas 

    From the SPPI Blog, an account of the debate:

    Oxford Union Debate on Climate Catastrophe

    Source:  SPPI

    Army of Light and Truth 135, Forces of Darkness 110

    For what is believed to be the first time ever in England, an audience of university undergraduates has decisively rejected the notion that “global warming” is or could become a global crisis. The only previous defeat for climate extremism among an undergraduate audience was at St. Andrew’s University, Scotland, in the spring of 2009, when the climate extremists were defeated by three votes.

    Last week, members of the historic Oxford Union Society, the world’s premier debating society, carried the motion “That this House would put economic growth before combating climate change” by 135 votes to 110. The debate was sponsored by the Science and Public Policy Institute, Washington DC.

    Lord Monckton wins global warming debate at Oxford Union 260310banner2

    Serious observers are interpreting this shock result as a sign that students are now impatiently rejecting the relentless extremist propaganda taught under the guise of compulsory environmental-studies classes in British schools, confirming opinion-poll findings that the voters are no longer frightened by “global warming” scare stories, if they ever were.

    When the Union’s president, Laura Winwood, announced the result in the Victorian-Gothich Gladstone Room, three peers cheered with the undergraduates, and one peer drowned his sorrows in beer.

    Lord Lawson of Blaby, Margaret Thatcher’s former finance minister, opened the case for the proposition by saying that the economic proposals put forward by the UN’s climate panel and its supporters did not add up. It would be better to wait and see whether the scientists had gotten it right. It was not sensible to make expensive spending commitments, particularly at a time of great economic hardship, when the effectiveness of the spending was gravely in doubt and when it might do more harm than good.

    At one point, Lord Lawson was interrupted by a US student, who demanded to know what was his connection with the Science and Public Policy Institute, and what were the Institute’s sources of funding. Lord Lawson was cheered when he said he neither knew nor cared who funded the Institute.

    Ms. Zara McGlone, Secretary of the Oxford Union, opposed the motion, saying that greenhouse gases had an effect [they do, but it is very small]; that the precautionary principle required immediate action, just in case and regardless of expense [but one must also bear in mind the cost of the precautions themselves, which can and often do easily exceed the cost of inaction]; that Bangladesh was sinking beneath the waves [a recent study by Prof. Niklas Moerner shows that sea level in Bangladesh has actually fallen]; that the majority of scientists believed “global warming” was a problem [she offered no evidence for this]; and that “irreversible natural destruction” would occur if we did nothing [but she did not offer any evidence].

    Mr. James Delingpole, a blogger for the leading British conservative national newspaper The Daily Telegraph, seconded the proposition, saying that – politically speaking – the climate extremists had long since lost the argument. The general public simply did not buy the scare stories any more. The endless tales of Biblical disasters peddled by the alarmist faction were an unwelcome and now fortunately failed recrudescence of dull, gray Puritanism. Instead of hand-wringing and bed-wetting, we should celebrate the considerable achievements of the human race and start having fun.

    Lord Whitty, a Labor peer from the trades union movement and, until recently, Labor’s Environment Minister in the Upper House, said that the world’s oil supplies were rapidly running out [in fact, record new finds have been made in the past five years]; that we needed to change our definition of economic growth to take into account the value lost when we damaged the environment [it is artificial accounting of this kind that has left Britain as bankrupt as Greece after 13 years of Labor government]; that green jobs created by governments would help to end unemployment [but Milton Friedman won his Nobel Prize for economics by demonstrating that every artificial job created at taxpayers’ expense destroys two real jobs in the wealth-producing private sector]; that humans were the cause of most of the past century’s warming [there is no evidence for that: the case is built on speculation by programmers of computer models]; that temperature today was at its highest in at least 40 million years [in fact, it was higher than today by at least 12.5 F° for most of the past 550 million years]; and that 95% of scientists believed our influence on the climate was catastrophic [no one has asked them].

    Lord Monckton repeatedly interrupted Lord Whitty to ask him to give a reference in the scientific literature for his suggestion that 95% of scientists believed our influence on the climate was catastrophic. Lord Whitty was unable to provide the source for his figure, but said that everyone knew it was true. Under further pressure from Lord Monckton, Lord Whitty conceded that the figure should perhaps be 92%. Lord Monckton asked: “And your reference is?” Lord Whitty was unable to reply. Hon. Members began to join in, jeering “Your reference? Your reference?” Lord Whitty sat down looking baffled.

    Lord Leach of Fairford, whom Margaret Thatcher appointed a Life Peer for his educational work, spoke third for the proposition. He said that we no longer knew whether or not there had been much “global warming” over the 20th century, because the Climategate emails had exposed the terrestrial temperature records as defective. In any event, he said, throwing good money after bad on various alternative-energy boondoggles was unlikely to prove profitable in the long term and would ultimately do harm.

    Mr. Rajesh Makwana, executive director of “Share The World’s Resources”, speaking third for the opposition, said that climate change was manmade [but he did not produce any evidence for that assertion]; that CO2 emissions were growing at 3% a year [but it is concentrations, not emissions, that may in theory affect climate, and concentrations are rising at a harmless 0.5% a year]; that the UN’s climate panel had forecast a 7 F° “global warming” for the 21st century [it’s gotten off to a bad start, with a cooling of 0.2 F° so far]; and that the consequences of “global warming” would be dire [yet, in the audience, sat Mr. Klaus-Martin Schulte, whose landmark paper of 2008 had established that not one of 539 scientific papers on “global climate change” provided any evidence whatsoever that “global warming” would be catastrophic].

    Lord Monckton, a former science advisor to Margaret Thatcher during her years as Prime Minister of the UK, concluded the case for the proposition. He drew immediate laughter and cheers when he described himself as “Christopher Walter, Third Viscount Monckton of Brenchley, scholar, philanthropist, wit, man about town, and former chairman of the Wines and Spirits Committee of this honourable Society”. At that point his cummerbund came undone. He held it up to the audience and said, “If I asked this House how long this cummerbund is, you might telephone around all the manufacturers and ask them how many cummerbunds they made, and how long each type of cummerbund was, and put the data into a computer model run by a zitty teenager eating too many doughnuts, and the computer would make an expensive guess. Or you could take a tape-measure and” – glaring at the opposition across the despatch-box – “measure it!” [cheers].

    Lord Monckton said that real-world measurements, as opposed to models, showed that the warming effect of CO2 was a tiny fraction of the estimates peddled by the UN’s climate panel. He said that he would take his lead from Lord Lawson, however, in concentrating on the economics rather than the science. He glared at the opposition again and demanded whether, since they had declared themselves to be so worried about “global warming”, they would care to tell him – to two places of decimals and one standard deviation – the UN’s central estimate of the “global warming” that might result from a doubling of atmospheric CO2 concentration. The opposition were unable to reply. Lord Monckton told them the answer was 3.26 plus or minus 0.69 Kelvin or Celsius degrees. An Hon. Member interrupted: “And your reference is?” Lord Monckton replied: “IPCC, 2007, chapter 10, box 10.2.” [cheers]. He concluded that shutting down the entire global economy for a whole year, with all the death, destruction, disaster, disease and distress that that would cause, would forestall just 4.7 ln(390/388) = 0.024 Kelvin or Celsius degrees of “global warming”, so that total economic shutdown for 41 years would prevent just 1 K of warming. Adaptation as and if necessary would be orders of magnitude cheaper and more cost-effective.

    Mr. Mike Mason, founder and managing director of “Climate Care”, concluded for the opposition. He said that the proposition were peculiar people, and that Lord Monckton was more peculiar than most, in that he was not a real Lord. Lord Monckton, on a point of order, told Mr. Mason that the proposition had avoided personalities and that if Mr. Mason were unable to argue other than ad hominem he should “get out”. [cheers] Mr. Mason then said that we had to prepare for climate risks [yes, in both directions, towards cooler as well as warmer]; and that there was a “scientific consensus” [but he offered no evidence for the existence of any such consensus, still less for the notion that science is done by consensus].

    The President thanked the speakers and expressed the Society’s gratitude to the Science and Public Policy Institute for sponsoring the debate. Hon. Members filed out of the Debating Chamber, built to resemble the interior of the House of Commons, and passed either side of the brass division-pole at the main door – Ayes to the right 135, Noes to the left 110. Motion carried.

  • If ‘Top Kill’ Fails, BP Will Resort To Firing Golf Balls Into The Leak (BP, RIG)

    deepwater

    BP’s ‘top kill’ solution, which involves pumping cement into the leaking Macondo well, will be executed Wednesday, and the results should be clear by Wednesday evening according to BP’s chief operating office Doug Suttles.

    Let’s hope it works, but nothing is certain at 5,000 feet below the sea.

    One potential risk is that preparatory ‘drilling mud’, which would be injected ahead of the cement, could fail. Which would force the company to use a ‘junk shot’:

    Rig Zone:

    He said the biggest risk is the possibility that the drilling mud would be forced from the wellhead into the water instead of forcing the flow of oil and natural gas back down into the wellbore. If that occurs, Suttles said the company could then deploy what it calls the “junk shot,” using tire shards, golf balls and other odd-sized debris to force it back. “That is one of the options we would have available,” Suttles said. “If we saw the right conditions and felt like that would be the right next step.” He said BP decided to use top kill prior to the junk shot for fear that the junk shot might clog the lines and eliminate the top kill option altogether. “If that happened, we couldn’t follow with top kill,” Suttles said.

    Even if the junk shot fails, there are still other backup solutions such as trying to place a new containment device over the entire leak, in addition to the relief wells currently being drilled. You can find more details on the risks behind the top kill and its alternatives here.

    Don’t miss: these amazing pictures of the oil rig explosion >

    Join the conversation about this story »

    See Also:

  • 12 Charts On The Crisis In European Banking (STD, UBS, LYD, RBS)

    chart

    All eyes are on the health of the European banks.

    Let’s take a look at some ones to keep an eye on, and how far they’ve fallen.

    Banco Santander (Spain)

    Banco Santander (Spain)

    Source: Stockcharts.com

    Lloyd Banking Group (UK)

    Lloyd Banking Group (UK)

    Source: Yahoo Finance

    RBS (UK)

    RBS (UK)

    Source: Yahoo Finance

    Barclays (UK)

    Barclays (UK)

    Source: Yahoo Finance

    Societe Generale (France)

    Societe Generale (France)

    Sourece: Google Finance

    Allianz Bank (Germany)

    Allianz Bank (Germany)

    Source: Yahoo Finance

    UBS

    UBS

    Source: Yahoo Finance

    Deutsche Bank

    Deutsche Bank

    Source: Yahoo Finance

    Credit Agricole (France)

    Credit Agricole (France)

    Source: Yahoo Finance

    BNP Paribas (France)

    BNP Paribas (France)

    Source: Yahoo Finance

    Banco Popolare (Spain)

    Banco Popolare (Spain)

    Source: Yahoo Finance

    Bnaco Bilbao Vizcaya (Spain)

    Bnaco Bilbao Vizcaya (Spain)

    Source: Stockcharts.com

    Now don’t miss…

    Now don't miss...

    The complete guide to the Spanish debt crisis >

    Join the conversation about this story »

  • KBB names the top 10 coolest cars under $18,000 in 2010

    2011 Ford Fiesta

    Is your new car budget under $18,000? Well, you’re in luck because automakers seem to be stepping up their game in the sub-$18k segment, typically a gas-sipping and obviously affordable bunch. The folks at Kelley Blue Book decided to compile a list of the top 10 coolest new cars under $18,000 in 2010.

    “Certainly, there are many good cars available for less than $18,000 that will get you from point A to point Z with a minimum of fuss,” kbb.com said in a statement. “However, many of them also will do it with a minimum of fun, which is something the kbb.com editors feel is “just plain wrong” for their coolest cars list.”

    Click here to get prices on the 2011 Ford Fiesta.

    Of course, Detroit’s new pride and joy, the 2011 Ford Fiesta, topped the list.

    “The marketplace for ‘cool,’ versatile, affordable cars, bursting with personality and boasting the same (if not better) technology as some luxury cars with triple their price tags, is only getting more crowded,” said Jack R. Nerad, executive editorial director and executive market analyst for Kelley Blue Book’s kbb.com. “This signals a great time for car buyers, especially younger first-time buyers or those just looking to save some cash, as steep competition in the under-$18,000 range will inevitably lead to great deals.”

    Hit the jump to see the full list.

    2010 Top 10 Coolest New Cars Under $18,000:

    • 1. 2011 Ford Fiesta
    • 2. 2010 Honda Civic
    • 3. 2010 Honda Fit
    • 4. 2010 Hyundai Elantra Touring
    • 5. 2010 Kia Soul
    • 6. 2010 Mazda3
    • 7. 2010 Mitsubishi Lancer
    • 8. 2010 Nissan Cube
    • 9. 2010 Scion xB
    • 10. 2010 Suzuki SX4

    – By: Kap Shah

    Source: kbb.com


  • NY’s second-tallest building wins highest ‘green’ certification

    bank of america tower

    Eco Factor: Sustainable high-rise building constructed using recycled material.

    It is one hell of a task for designers to construct a structure that incorporates advanced green technologies to meet terms with sustainability and set example for others to follow. But it seems like Cook&Fox Architects has succeeded in doing just that by erecting the 54-story building that has recently received the U.S. Green Building Council’s highest rating for environmental performance and sustainability – the “platinum” certification.

    (more…)