Category: News

  • President Obama official schedule and guidance, May 19, 2010. Mexico State Dinner

    THE WHITE HOUSE

    Office of the Press Secretary

    _______________________________________________________________________________________

    FOR IMMEDIATE RELEASE

    May 18, 2010

    DAILY GUIDANCE AND PRESS SCHEDULE FOR

    WEDNESDAY, MAY 19, 2010

    In the morning, the President and the First Lady will welcome President Calderón of Mexico and Mrs. Zavala to the White House. The Vice President and Dr. Biden will also attend. The official arrival ceremony on the South Lawn is open press.

    The President will hold a bilateral meeting with President Calderón in the Oval Office. This meeting is closed press.

    Later, The President will hold a joint press conference with President Calderón in the Rose Garden. This is open to pre-credentialed press. The deadline to request media credentials has passed.

    In the afternoon, the President will meet with Ambassador to the United Kingdom of Great Britain and Northern Ireland Susman in the Oval Office. The President and the Vice President will later meet with Secretary of State Clinton in the Oval Office. These meetings are closed press.

    In the evening, the President and the First Lady will welcome President Calderón and Mrs. Zavala at the North Portico. This is open press. The President and the First Lady will then take the official photo with President Calderón and Mrs. Zavala on the Grand Staircase. This is pooled press.

    Later, the President and the First Lady will attend the State Dinner with President Calderón and Mrs. Zavala. The Vice President and Dr. Biden will also attend. The President and President Calderón will each give a toast. The toast remarks during the dinner are pooled press. Following the dinner, the President and the First Lady will attend the State Dinner Reception with President Calderón and Mrs. Zavala in the tent on the South Lawn. The reception is pooled press.

    **Please note that both events are currently outdoors and press coverage is subject to change depending on the weather.**

    Also tomorrow, Solicitor General Elena Kagan will travel to Capitol Hill to meet separately with Senator Feingold, Senator Kaufman, Senator Shaheen, Senator Ben Nelson, Senator Conrad, Senator McCaskill, and Senator Akaka.

    In-Town Travel Pool

    Wires: AP, Reuters, Bloomberg

    Wire Photos: AP, Reuters, AFP

    TV Corr & Crew: FOX

    Print: NY Daily News

    Radio: AP

    EDT

    8:30AM In-Town Travel Pool Call Time

    9:30AM THE PRESIDENT, THE VICE PRESIDENT, THE FIRST LADY, and DR. BIDEN welcome President Calderón and Mrs. Zavala to the White House

    South Lawn

    Open Press (Pre-set 6:30AM – Final Gather 8:30AM – North Doors of the Palm Room)

    10:30AM THE PRESIDENT holds a bilateral meeting with President Calderón

    Oval Office

    Closed Press

    10:55AM THE PRESIDENT holds an expanded bilateral meeting with President Calderón and Official U.S. and Official Mexican Delegations

    Oval Office

    Closed Press

    11:50AM THE PRESIDENT and President Calderón hold a joint press conference

    Rose Garden

    Open Press (Pre-set 10:50AM – Final Gather 11:20AM – North Doors of the Palm Room)

    3:30PM THE PRESIDENT meets with Ambassador to the United Kingdom of Great Britain and Northern Ireland Lou Susman

    Oval Office

    Closed Press

    4:15PM THE PRESIDENT and THE VICE PRESIDENT meets with Secretary of State Clinton

    Oval Office

    Closed Press

    6:00PM THE PRESIDENT and THE FIRST LADY welcome President Calderón and Mrs. Zavala

    North Portico

    Open Press (Pre-set 5:00PM – Final Gather 5:30PM – North Doors of the Palm Room)

    6:30PM THE PRESIDENT and THE FIRST LADY take official photo with President Calderón and Mrs. Zavala

    Grand Staircase

    Pooled Press (No pre-set, Final Call 6:10PM–North Doors of the Palm Room)

    7:10PM THE PRESIDENT and THE FIRST LADY attend the State Dinner with President Calderón and Mrs. Zavala; THE PRESIDENT and President Calderón will each deliver a toast

    East Room

    Pooled Press for toasts by President Obama and President Calderón (No pre-set, Final Call 6:40PM–North Doors of the Palm Room)

    8:30PM THE PRESIDENT and THE FIRST LADY attend the State Dinner Reception with President Calderón and Mrs. Zavala

    South Lawn

    Pooled Press (No Pre-set, Final Call 8:05PM–North doors of the Palm Room)

  • Leading Global Warming Skeptic Lindzen: Time to Abandon the ‘Skeptic’ Label

    Via Prison Planet.com » Sci Tech

    Jeff Poor
    Business & Media Institute
    Wednesday, May 19th, 2010

    If you listened to Barack Obama back during the 2008 presidential campaign, you may recall him explaining that words matter. According to leading climate scientist and M.I.T. professor Richard Lindzen, there is a good bit of wisdom in that, as it pertains to the debate about global warming.

    Lindzen, speaking at the Heartland Institute’s International Conference on Climate Change on May 17 in Chicago, explained that by assuming the “skeptic” label, the anti-global warming alarmist movement implies the theory is plausible. And according to the M.I.T. professor, it isn’t.

    “One suggestion I’d make is we stop accepting the term ‘skeptic,’” Lindzen said. “As far as I can tell, skepticism involves doubts about a plausible proposition. I think current global warming alarm does not represent a plausible proposition.”

    Leading Global Warming Skeptic Lindzen: Time to Abandon the Skeptic Label  260310banner2

    Lindzen told the audience the alarmists have simply failed to prove their case.

    “For 20 years –more than 20 years unfortunately, 22 by now, since ’88 – of repetition, escalation of claims does not make it more plausible. “Quite the contrary,” he continued. “I would suggest the failure to prove the case of 20 years makes the case even less plausible, as does the evidence of ClimateGate and other instances.”

    And Lindzen ruled out the possibility the imminent destruction as a result of any potential climate catastrophe.

    “In the meantime, while I avoid making forecasts for tenths of a degree change in global average temperature model, I’m quite willing to state that unprecedented climate catastrophes are not on the horizon, though in several thousand years, we may return to an ice age.”

  • Russia’s Quintura Raises $1 Million For Mobile Visual Search


    Quintura Google montage

    Russian visual search vendor Quintura says it’s raised $1 million to make in-roads in to mobile search. Quintura CEO Yakov Sadchikov didn’t disclose the investor’s identity.

    Why the money? “We are going to shortly launch Quintura search apps for mobiles (iPhone/iPad, Nokia/Symbian, HTC/Windows Mobile, HTC/Android, etc.) as well as turn our existing search services such as search for kids, hosted site search, etc. into paid search,” Sadchikov said.

    The company raised first-round money, reported to be $5 million, from Mangrove in 2007, before later bridge funding in 2008.

    Quintura has been operating a visual search engine interface, which shows results in a relational, contextual cloud format, since 2005 and was last year awarded the latest of eight U.S. patents.

    Last May, Google (NSDQ: GOOG) introduced its own little-used visual search interface, Wonder Wheel, tucked away in its search options, that offers similar functionality, and, prior to announcing the funding, Quintura made a show of claiming patent infringement.

    When it comes to mobile search, Google is keener on using mobile sensors as search input than displaying search results on mobiles diagrammatically.

    Quintura operates its existing search facility at its own quintura.com, but the site is mainly a shop window for the technology. The company’s business is to white-label visual site search to publishers – it’s currently being used by over 5,000, ranging from individual bloggers to Axel Springer’s Russian magazine sites and Komputerra Publishing House.

    Most Quintura sales are at home in Russia; the company has U.S. office in Virginia, but it scaled back there last year as the recession reduced publisher demand for the service.


  • Only morons, cheats and liars still believe in Man-Made Global Warming

    Via Prison Planet.com » Commentary

    James Delingpole
    London Telegraph
    Wednesday, May 19th, 2010

    Well of course I would write a headline like that having just spent the last three days in Chicago at the Heartland Institute’s 4th International Conference on Climate Change. This is the event the cackling, cloak-wearing, befanged AGW-denying community attends every year to glorify in their own evil. And naturally, in the wake of Climategate, a mood of uproarious triumphalism has prevailed as distinguished skeptical scientists, economists, and policymakers from around the world – Pat Michaels, Richard Lindzen, Ian Plimer, Bob Carter, Fred Singer.. you name them, they’re here – have gathered to dance on the smouldering ashes of the mythical beast ManBearPig.

    Except we shouldn’t use that word “sceptic” any more. Richard Lindzen – Godfather of Climate Realism – told us so in one of the keynote addresses.

    “Scepticism implies doubts about a plausible proposition,” he said. “Current global warming alarmism hardly represents a plausible proposition.” Not least, he pointed out, because the various activist scientists, greenies and government institutions pushing AGW theory have failed to “improve their case over 20 years.” So paper thin are the AGW movement’s arguments that pretty much the only defences left to them are desperate techniques like the appeal to authority (“the Royal Society believes in AGW and the Royal Society is, like, really old and distinguished, so AGW must be true”) and cheap slurs.

    Consider, as examples of the latter technique, how this conference has been reported in the liberal media. Both the BBC and the Huffington Post have decided to write off the expertise of the dozens of PhDs and professors speaking at this event to concentrate on the issue that really matters: it was funded by Big Oil. (Except it isn’t. Unfortunately Big Oil stopped funding the skeptical side of the argument a long time ago. The Heartland Institute is a conservative leaning think tank funded by a number of business donors, and the main funder of the conference is a local libertarian millionaire who just happens to want a bit of openness and honesty in the debate on AGW. But hey, never let the facts get in the way of a libtard story).

    Full article here

    Only morons, cheats and liars still believe in Man Made Global Warming  150410banner1

  • Caffeine: A Brain Booster

    Several studies indicated caffeine’s potential in “Therapeutic Opportunities for Caffeine in Alzheimer’s Disease and Other Neurodegenerative Diseases.” It is a collection of researches that tackled the benefits of caffeine in multiple perspectives.

    Caffeine, in a series of epidemiological studies, is instrumental in preventing motor dysfunction similar to Parkinson’s disease. In addition, moderate consumption of caffeine reverses the effect of cognitive decline because of age and also Alzheimer’s Disease by preventing memory loss and neurodegeneration. It targets a particular adenosine A2A receptor to do this. It normalize brain functioning and reduce amyloid beta production.

    The said research collection is a compilation of original researches from international experts and funded by Associação Industrial e Comercial do Café with editors from the University of Lisbon and University of Coimbra, in Portugal. Coffee has been known for its anti-oxidant properties but it is only recently that caffeine is being appreciated for its remarkable effects on the brain.

    Related posts:

    1. Relationship between radiation from cell phones and brain cancer
    2. What Makes A Person Intelligent?
    3. Protect your child: Limit their use of cellphone

  • UK Wave Hub Project on Track

    REW reports the UK wave power testbed in Cornwall is due to be completed next year – Wave Hub Marine Hydro Project on Track for Summer 2011 Deployment .

    Wave Hub, a marine renewable infrastructure project that will create the world’s largest test site for wave energy technology, is on course to be deployed by summer 2011, with fabrication of subsea cables and the hub itself nearing completion, developers reported.

    Wave Hub is being developed by the South West RDA (Regional Development Agency). It is situated on the seabed in some 50 meters of sea water approximately 16 kilometers off the coast of Cornwall and connected to the national grid via a subsea cable. Wave Hub will create a test site for wave energy technology by building a grid-connected socket on the seabed, to which wave power devices can be connected and their performance evaluated

    Hartlepool-based JDR Cable Systems is constructing the armored 25- kilometer subsea cable that will connect Wave Hub to the grid and the hub structure that will sit on the seabed. Work also is progressing on the hub assembly, which will provide a connection between the main cable from the shore and the tails leading to the wave energy devic


  • Garden birds prefer non-organic food to organic

    Garden birds prefer non-organic food to organic, study finds – Telegraph UK

    Garden birds prefer non-organic food to organic, study finds
    The nutritional benefits of organic foods have been called into question by some very discerning diners – wild garden birds trying to survive the winter.
    By Richard Alleyne, Science Correspondent
    Published: 2:10PM BST 18 May 2010
    Grain of truth: even when the grain in the feeders were switched around, the birds soon were able to spot the difference

    British researchers found that birds such as robins and house sparrows “instinctively” preferred non-organic seeds to the more naturally grown varieties as it appeared to provide them with greater nutritional value through the cold months.
    When offered both varieties of wheat seed, they were able to discern between the two and ate up to 20 per cent more of the conventional grown variety than the organic…

    …A spokesman for the Soil Association said: “The UK Government’s own advisors found that bird life is up to 50% greater on organic farms showing that most birds do choose organic. Animals like chimpanzees and even rats have been shown to prefer organic food. This study has absolutely no bearing on whether organic food is better for human health or not.”

    Pundit’s thoughts:

    The peer reviewed version in Journal of the Science of Food and Agriculture is yet to come on line, so we have to treat this report skeptically for the moment….

    But the Telegraph item is an example of how the press react when fed on organic chaff for an extended period.

    And as far as the Soil Association’s remarks “that bird life is up to 50% greater on organic farms”, there is this to contradict their claim.

  • TSA Agent Accused of Stealing Cash from Wheelchair-Bound Woman

    Via Prison Planet.com » Prison Planet

    BRIAN THOMPSON and JONATHAN DIENST
    NBC New York
    Wednesday, May 19th, 2010

    A Transportation Security Administration agent has been arrested for allegedly stealing $400 dollars from a wheelchair bound passenger as she passed through a security checkpoint at Newark Airport.

    Leroy Ray allegedly went into the disabled woman’s bag as it passed through the X-ray machine.

    Ray was caught on surveillance video on February 3, 2010, reaching into the woman’s bag to steal an envelope of cash, according to a criminal complaint.

    The fiftyish year old woman, investigators said, was from North Jersey and was flying out of Newark to visit relatives overseas.

    Full article here

    TSA Agent Accused of Stealing Cash from Wheelchair Bound Woman  100210banner1

  • First Look: New Volkswagen Sedan For India

    New Volkswagen Sedan IndiaToday Volkswagen released the first sketch of its new Sedan that is slated to hit the Indian roads later this year.

    It has been specifically designed for India and will be manufactured in Volkswagen’s state of the art plant at Chakan, Pune.

    It will no doubt carry the Volkswagen DNA of German Engineering which is innovative technology, safety, stability sturdiness and tailored to the requirements of the Indian consumer.

    Its authentic and elegant design coupled with its innovative features and driving dynamics will set benchmarks in its class and will act as a key brand pillar for Volkswagen to stimulate its growth in the country.

    This new Sedan will be in addition to Volkswagen’s already existing product line which includes the Passat, Jetta, Touareg, New Beetle, Phaeton and the very recently and successfully launched New Polo.

    Volkswagen, the largest carmaker in Europe sells its broad model range from the Fox to the Phaeton in more than 150 countries worldwide. Volkswagen currently offers the Volkswagen Jetta and Passat, assembled in Aurangabad for the Indian consumers. Also available on sale now is the iconic New Beetle, the powerful SUV Touareg, Phaeton and the New Volkswagen Polo.

    Source: Volkswagen India

    Source: Auto News India

  • Philippe Starck’s Light Photon Lamp Is Made From OLEDs and Unicorns’ Eye-Teeth [OLEDs]

    This rather bizarre-looking creation isn’t a solar panel that’s normally found on a roof—oh no, it’s the latest work from Philippe Starck, and is made from OLEDs and stainless steel. It’s a light. A very, very pricey light. More »










    Organic LEDBusinessPhilippe StarckEnergyMetals

  • 2010 Vorsteiner Mercedes-Benz E63 AMG V6E Aero Package

    2010 Vorsteiner Mercedes-Benz E63 AMG V6E Aero Package - Front Side View

    Vorsteiner has unveiled their new V6E Aero Package for the Mercedes Benz E63 AMG. The Vorsteiner Mercedes-Benz E63 AMG V6E Aero Package components are as follows: V6E Carbon Fiber Add-On Front Spoiler, V6E Carbon Fiber Deck Lid Spoiler, V6E Carbon Fiber Rear Diffuser, Vorsteiner 3-Piece Forged Wheels.

    Vorsteiner Mercedes-Benz E63 AMG V6E Aero Package 2010 - Front Angle View 2010 Vorsteiner Mercedes-Benz E63 AMG V6E Aero Package - Rear Angle View Vorsteiner V6E Aero Package Mercedes-Benz E63 AMG 2010 - Side View

    Up front the V6E Carbon Fiber Add-On Front Spoiler features an elegant yet bold design, featuring two inlets joined by a center spoke. It gives the front fascia of the E63 AMG a prominent foundation as well as prominent performance by increasing downforce and aiding in ventilation for the undercarriage of the vehicle.

    The V6E Carbon Fiber Add-On Deck Lid Spoiler contours flawlessly to theangles and edges of the deck lid while increasing downforce to the rear end of the vehicle, increasing performance, especially at high speeds.

    Working in tandem with the Front Add-On Spoiler, the V6E Carbon Fiber Rear Diffuser completes the sporty yet elegant character of the vehicle with 3 integrated diffuser fins that sits between the sporty quad exhaust tips.

    Completing the package are the Vorsteiner V-308 3-Piece Concave Forged wheels wrapped in Michelin Pilot Sport PS2 tires (wheels shown in Fine Textured Black finish). The V-308 is the most concave wheel available on the market, serving a highly customizable array of widths and offsets for any wheel application.

    Mercedes-Benz E63 AMG Vorsteiner V6E Aero Package 2010 - Rear Side View

    Source: Lincah.Com – New Car and Used Car Pictures

  • Lady Luck On Wizards For Winning NBA Lottery

    Season 2009-2010 has hit Washington Wizards with one blow after another so franchise representative Irene Pollin must have heard angels singing when No. 1 draft choice is drawn out for Wizards.

    Losing is not something new for any team but Wizards left last season in 26-56 with some spiky highlights.

    Their key player Gilbert Arenas is placed under suspension for breaking NBA’s zero tolerance policy on firearms. That’s for using his locker in the Verizon Center as the safe for his guns.

    Abe Pollin, head owner of Wizards who also made the move to drop the controversial name Washington Bullets, passed away in November 2009. It certainly is a tough moment of letting go but it seems not to be the end of the rough season as they needed to also trade Jamison and Butler for trimming down salary expenses.

    Pollin family’s legacy with Washington Wizards will be handed over to new owner Ted Leonsis and the deal will probably get the seal by June. With the upper hand in enjoining either John Wall or Evan Turner, lottery may not be the only thing where this team can win. But then luck is not a reliable force that 2011 NBA championship would need.

    Related posts:

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  • Two faces of a grand galaxy









    M. Gieles / ESO

    The spiral galaxy Messier 83 is a delicate wisp in infrared wavelengths, as seen at
    left by the HAWK-I instrument on the European Southern Observatory’s Very Large
    Telescope. But it looks like a fiery pinwheel in the visible-light image at right,
    captured by the MPG/ESO telescope. Click on the picture for a larger view.




    The spiral galaxy Messier 83, also known as the Pinwheel Galaxy, is a spectacular fireworks show when it’s seen through a big telescope in visible light. But when the European Southern Observatory looked at the pinwheel in infrared wavelengths, the result was a much more delicate, no less beautiful picture of the galaxy’s hottest young stars with the surrounding gas stripped away.

    …(read more)

  • D.C. bank fee battle and the price of beer

    Picture 001 PITTSBURGH — You probably swipe a credit or debit card through a magnetic stripe reader dozens of times each month.  It's a simple act, but it's it at the core of a battle between titans with billions of dollars at stake. On one side are big banks, which take a cut every time a card is swiped. On the other are retailers like Mike McArdle, who are tired of paying Visa, MasterCard and their member banks $1 or $2 every time a customer makes a purchase.

    McArdle runs McArdle's Pub on Pittsburgh’s South Side, the very definition of a family business. It opened in 1939, and the sign above the front door doesn’t look like it’s been changed since.  It once held a prime spot near two of the Steel City's largest steel plants.  Both of them have long since been converted to shopping malls, but McArdle's plugs away, thanks to its position just off the main entertainment strip in Pittsburgh's hippest neighborhood. 

    For years, banks have held the upper hand in the fight with the McArdles of the world, but no more. Last week, the U.S. Senate approved legislation that could drastically change the way banks are compensated for card swipes, and that could impact what happens every time you pull out your wallet. In fact, the legislation could provide incentives — that means money — for Americans to leave the plastic in their wallet and pull out old-fashioned cash instead. 

    As part of its omnibus financial reform bill, Congress is taking on what are called interchange fees — the price that merchants pay for banks to process their credit card transactions.  Formulas vary, but generally stores pay a flat 50 cents or $1 per transaction fee, plus 1 to 2 percent of the purchase price.  Retailers have screamed for years that the fees are too high and that the card associations impose anti-competitive restrictions on them – given the limited choices among standards like Visa, MasterCard, American Express, and Discover.

    Tz-StopGettingRipped-200x200[1] Last week, in a surprisingly bipartisan vote, the Senate agreed to an amendment that would instruct the Federal Reserve Board to limit the fees card processers can charge merchants. It also included two practical changes that would have an immediate impact on shoppers:

    *Current contracts between merchants and banks forbid stores from requiring a minimum purchase amount before customers can use cards — a provision that is sometimes ignored. Merchants hate this rule, as a $1.50 card purchase can become almost worthless to a store owner after minimum interchange fees are paid.  The Senate bill would prevent banks from forbidding minimum payment requirements.

    *The bill also would make it easier for merchants to encourage consumers to use cash by preventing banks from limiting a store owner’s ability to offers discounts to cash-paying customers, according to its supporters.

    As you might imagine, banks and merchants view the bill quite differently.

    "Swipe fees have spiraled out of control in recent years, and this amendment is necessary to rein in these excessive fees and ensure that Main Street receives a fair shake," said the Merchants Payment Association, which represents retailers. "These fees are harmful across the board – from large businesses to small retailers to American consumers.”

    But Trish Wexler, a spokeswoman for the Electronic Payments Coalition, which represents banks and card companies, said the law would hurt consumers by raising their credit costs and gutting reward programs.

     “Consumers will end up paying in the form of higher rates for their cards, reduced or eliminated debit card rewards programs, or a restriction on the amount of debit cards that are issued," she said. "Call this a win for retail, because that’s what it is."

    Bernie Rafferty, behind the bar, thinks minimum charges are a good idea

    Picture 015-800w At its core, the question is simple:  if stores are paying 1 or 2 percent less in bank fees, who will keep the money — the retailers or the consumers?  Wexler is convinced that big stores like Walmart would simply pocket the extra cash and not pass along savings to shoppers.

    There is a third possibility, however: Stores could split the difference.  If the total card fee is 2 percent, they could offer shoppers a 1 percent discount for paying cash.

    "OK, so you buy something for $50 and you get a $1. I don't see consumers getting too excited about that," Wexler said.

    Back in Pittsburgh, McArdle partly agreed. A 3-cent discount on a $2.50 draft beer (yes, draft beers only cost $2.50 at McArdle’s) probably wouldn't entice many drinkers to pay in cash. On the other hand, the minimum payment provision made sense to bartender Bernie Rafferty.

    "Last weekend we had a guy in here who wouldn't keep a tab open,” he said. “He paid six separate times for two beers with his credit card. Those initial 50 cent fees really add up.”

    While the legislation would forbid card firms from restricting discounts for cash payments, the Electronic Payments Coalition says that merchant contracts — and Visa and MasterCard policies — already allow that.  Rather, they say, current contracts only forbid the reverse: adding a surcharge for credit card transactions. To consumers, that distinction is semantics, but the banks and retailers, it could mean millions of dollars.

    Some gas stations offer cash discounts, but few other retailers do. Most, like McArdle, would have a tough time changing their systems to create an entirely parallel price system.  On the other hand, discounts could encourage more consumers to pay in cash and provide an incentive to avoid hefty credit bills.

    Would you pay in cash to save a few nickels or dimes on every transaction? Even if you would, don’t start hoarding bills just yet.  The amendment still must pass the House of Representatives and survive the sausage-making process that will produce the final financial reform legislation.

    To read more about the swipe fee battle, see "Retailers, card industry escalate fee fight."

     Follow the Hidden Fee Tour of America by becoming a Red Tape Chronicles Facebook fan or follow me at http://twitter.com/RedTapeChron

  • Haiti: Celebration in Saint Michel

    For the people of Saint Michel, it has been a long four months since the January’s earthquake destroyed so much of Haiti’s capital. Coco McCabe experiences the chance to forget – just for one day – all the sorrow and hardship.

    Boys climb a tree to watch a soccer game during a festival in the rural Haitian town of Saint Michel. Photo: Ami Vitale/Oxfam America

    Boys climb a tree to watch a soccer game during a festival in the rural Haitian town of Saint Michel. Photo: Ami Vitale/Oxfam America

    I missed the voodoo rara the first time it wound through the narrow streets of Saint Michel de l’Attalaye. It was a Friday and we were stuck in the early evening traffic that jammed the square. Before I could climb out of the car, the women in their bright pink dresses and men in blue suits had passed, their sax player and a man with maraccas pacing the paraders as they sang and swayed.

    But we ran into them again, a few blocks away, and this time I jumped out, squeezing into the line of marchers, feeling myself swept along by exhilaration and anticipation as the streets darkened on the eve of Saint Michel’s feast, the annual celebration of the town’s patron saint.

    For the people of Saint Michel, it has been a long four months since the January earthquake destroyed so much of Haiti’s capital. Now the chance had come to forget – just for one day – all the sorrow and hardship.  Even out here, in this rural community a four hour drive from Port-au-Prince, the quake has taken a heavy toll.

    Many families here, where Oxfam has been working on longer-term development programs, lost relatives in the disaster. About 158 of Saint Michel’s own died – many of them students sent to the capital to study because schools in this area of Artibonite Department are not often very good. And in the days following the quake, about 11,000 survivors made their way to Saint Michel Commune. They descended on friends and relatives, many already pinched, needing food and shelter, and many have stayed. One family, the Perards, already nine strong, now have 17 relatives sharing their home, doubling up in beds and sleeping on the floor when night comes.

    The day before the feast, we could feel the excitement building. Behind the home of Mayor Michele Lisette Casimir, women prepared giant bowls of food. Band members, hunched in a circle, held a quick meeting in her front yard. And visitors streamed through her gate, hoping for a few minutes of her time before the big day.

    Casimir had her fingers crossed that the night of the festival she would be able to flick a switch and finally bring electricity to Saint Michel – even as she worried whether the community could afford to keep the lights on. Since the late 1980s, this sugarcane-growing town has been without a municipal source of electricity. Casimir has been working with the national government to get a 635 kilowatt generator hooked up – enough to electrify the main part of town. The only concern is the fuel it will consume: 25 gallons of diesel an hour.

    “That’s the problem in a poor country,” said Casimir. “You take and you figure out how to manage later.”

    A bandstand was going up board by board in the square. Banners strung across the streets announced the festival. And those who were smart made sure they got their tickets in advance for Tropicana D’Haiti, an adored big band scheduled to play the night of the feast.

    Down one street, the transformation was complete: residents had stripped their beds of sheets and draped them, dazzling in the tropical sun, over the rickety fences separating their homes from the road. The effect of that simple gesture was magical – from dusty way to heavenly lane, festooned, occasionally, by curled red ribbons.

    But my favorite vision was this: A swarm of boys, all ages, perched high – so high, on ever thinner limbs – in a row of trees overlooking the tall wall of the local soccer field. Feast day also happened to be the day of the final match between Saint Michel and Gonaives, a contest no one wanted to miss, including a flock of boys too poor to buy tickets to the game.

    But in that creative way that necessity inspires, the boys had found their own solution.

    “The tree is free!” said my Haitian colleague, as our car bounced by beneath the branches.  And a grin, as bright as the sheets dancing down that nearby street, stretched across his face.

    Where we work: Haiti

    Originall posted on the Oxfam America blog

  • Facebook and Zynga End Hostilities, Sign Five-Year Deal

    Social gaming is one of the fastest growing segments online and is becoming one of the most profitable. Zynga, the biggest name in social gaming, has risen from nothing to become a company worth billions of dollars and with revenues in the hundreds of millions of dollars due to the success of its games on social networks, Facebook on partic… (read more)

  • Roubini: Japan Could Easily Be Next

    Nouriel Roubini

    While Europe receives an inordinate amount of attention for its current financial problems, and the U.S. has long been a pariah, we feel that recently markets and investors may have forgotten about Japan.

    Sydney Morning Herald:

    “What’s happening in Greece is just the tip of an iceberg of a broader range of sovereign debt issues, of deficit, in many advanced economies,” said Roubini, one of the few experts who predicted the financial crisis.

    The new crisis could occur “not just in the eurozone but UK, US, or Japan,” he said.

    Roubini, speaking at a London School of Economics conference, said there was an “economic recovery, but in many ways countries have not answered the real problem.

    Is Japan better off than the Eurozone? Financially? Demographically? We doubt it.

    More: How Japanese hyperinflation could unfold >

    Join the conversation about this story »

    See Also:

  • Piers Corbyn Power Point at the European Coal Outlook Conference, 19 May

    Article Tags: Piers Corbyn

    article image

    Slide 1 summarizes the 4 points I have to make and the other 15 slides (some just background and also for elsewhere) back-up the 4 points. I have not developed point 2 in slide 4 because it is hard and full of pitfalls but the argument of slide 4 holds.

    Please – anyone – show/report the predictions (SERIOUS STUFF) – slide 11.

    Piers

    Click to see Coal Outlook Conference Brochure

    Click to see Piers Corbyn Power Point at the European Coal Outlook Conference

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  • Katla Warms Up




    If I were living in Europe I would buy some insurance in the form a few large sacks of rice.  Not great, but it will let you get by when food runs out.  Other options exist, but rice serves wonderfully in a real emergency.
    If nothing happens, I have a never ending supply.  Of course plenty of other things can be acquired that you will consume over time anyway.  however, you do not want to be caught out with an empty cupboard and a collapsed distribution system.
    I have already posted on Katla and today we have the first disturbance registered that I am aware of.  These things will build up over time before we reach the eruption stage.  Or at least I hope so.  A massive explosion causing a huge tsunami along the European coast would ruin our day.  Hekla did just that in 1159BCE and ended the European Bronze Age and the Atlantean culture.
    Fortunately Katla just likes to spew lots of ash as far as we know and that will be a handful enough.  If we are lucky, this will brew until we are past harvest.  A blast during the winter will be a lot more recoverable, if only because we can plant cold weather crops if we have to.  I hope you like barley and potatoes and oats.
    Respect what you are seeing folks.  This sucker is running to form and that means it will begin erupting within the next few months.  It will erupt with an ash output ten time worse than the present eruption. 
    This first quake is essentially on schedule.
    Katla Earthquake May Presage Next Volcanic Explosion
    Published: May 18, 2010
    Just to add to the ink needs of European central banks, the Iceland met office reports that it has recorded a small earthquake at the Katla volcano. With Europe already pretty much bankrupt, and the only reason why Europe is still quoted being due to ECB, IMF and Fed backstops, the last thing needed by the troubled continent is the next major volcanic explosion to terminate airline travel indefinitely. As earthquakes tend to not be an indicator of volcanic stability, the most anticipated volcanic explosion in human history may finally be a fact quite soon. We are confident the HFT lobby will somehow determine that volcanic ash clouds add liquidity to the market. Stay tuned.
    On May 17, 2010 08:32 UTC, The Iceland Met office indicates that a small earthquake has occurred at the Katla location. In what could be an early indication of the event that is expected to occur (an eruption of Katla), a small earthquake is reported at the site. Although a single earthquake is not a precursor of an eminent eruption, it could be the first ’sigh’ of the awakening powerful giant.
    Historically, Katla has erupted after the eruption of it’s close neighbor, Eyjafjallajokull, which first erupted on April 14, 2010 and is ongoing at this moment. Magma channels beneath to the two volcanoes are thought to be interconnected. A Katla eruption would likely be about ten times as powerful at the Eyjafjallajokull eruption and could cause worldwide disruption while expelling huge volumes of volcanic ash into the stratosphere which would circle the globe potentially for years, depending upon the magnitude of the eruption.
    Not to be alarmist, but have you started? your food storage plan? Basic survival preparedness is a personal responsibility that was simply a way of life of our ancestors. Let’s not forget how.
  • Black Swan Time




    This item is from Richard Russell who has spent his career tracing the markets and trying to stay ahead.  He is clearly scared.  I certainly am uncomfortable.  I am uncomfortable that he is uncomfortable.  I know all the trends and expectations are grinding down the general liquidity of the market.  It is presently vulnerable to a black swan event when something hits out of the blue that triggers a market washout.
    I experienced this in the weeks prior to the 1987 abrupt market collapse and traded into a defensive position to protect my book.
    I also sensed the vulnerability in the week just prior to 9/11.  Something about the markets triggered my internal red flags.
    There were many other instances over the years and it is curious how often markets seem to sense a pending shift.
    One of my better upside calls was to bid Canada 9.5% at 61 in June 1982 and also predict a market boom beginning September of that year.  I was not noted for ever throwing caution to the wind.
    The markets are locked and cocked for a major general decline.  Without a trigger event, it will simply grind out over the next few months.  A trigger event will make it swift.
    What I will try to do now is construct a list of potential black swan events able to produce massive global disruption and a grossly collapsed market.  This list are possibilities whose probability is non zero.
    A         Gross Geology. 
    Katla blows and Europe does without a crop this year.  A massive collapse of the already weakened euro zone economies takes place.  The rest of the globe struggles to move food supplies to save tens of millions from eminent starvation.  The Volcano continues to spew indefinitely.
    No other prospect is presently showing activity but this is quite enough to put Europe out of action for two years at least.
    B         Terrorist Nuclear Bomb
    Nuclear war at the State level is not going to happen simply because it will not be survived by the initiator and this is well understood.
    It is quite plausible for a Pakistani cabal to spirit a nuclear bomb out of the Pakistani nuclear program, or alternatively another such cabal is able to access a former Russian bomb.  It is too soon for the Iranians to do so.
    It is then no trick at all to put such a device into a shipping container and to load it onto a container ship under control of a suicide bomber.  The most damaging target is New York.  However this can also reach Washington, Los Angeles, San Francisco, Hong Kong, Shanghai, Tokyo, Mumbai, Seoul, London, and Rotterdam.
    This fortunately takes real resources to do.  That gives me little comfort because money will not be a problem and neither will personnel. The terrorists have shown that they can overcome all that.  These are real pending threats that are slowly developing.
    The result of such an event could be the Third World War in which the Islamic world would be fully occupied by armies from every other country and where Islam would be forthwith banned with a full reeducation program implemented.  Many millions would die and many more millions would be displaced.
    C         Human Folly
    We are watching the progress of Europe in unwinding its banking difficulties.  I think they can print their way out of the worst and impose discipline on the members.  It is just messy and the declining Euro is helping to focus attention.
    The real bad news is who is going to bail out California?  That is a black swan that can arrive as a bolt of lightening and it has been ignored by Washington to date.  The damage to the banking sector will be once again severe.
    What happens if this triggers a collapse of the pension industry?
    My point is that a lot of very big chickens are coming home to roost and no one has a plan.  I simply do not believe that the problems can work themselves out.  The housing collapse has not been addressed at all.  That I showed how to turn around but no such thing has been done. In short, financial deterioration is continuing and the dead cat bounce has run out of free cash.  There may be no more room to fix any of it.
    Next year we could have millions on the streets as social systems collapse.  That is what happened during the depression.
    My present point is that these are the black swans that I can imagine.  Have a good night’s sleep and recall that no one imagined 9/11 except the perps.
    Dow Theorist Richard Russell: Sell Everything Liquid, You Won’t Recognize America By The End Of The Year
      |
    Joe Weisenthal | May. 18, 2010, 8:57 AM | 66,483 | comment 101
    Richard Russell, the famous writer of the Dow Theory Letters, has a chilling line in today’s note:
    Do your friends a favor. Tell them to “batten down the hatches” because there’s a HARD RAIN coming. Tell them to get out of debt and sell anything they can sell (and don’t need) in order to get liquid. Tell them that Richard Russell says that by the end of this year they won’t recognize the country. They’ll retort, “How the dickens does Russell know — who told him?” Tell them the stock market told him.
    That’s pretty intense!
    Update: By popular demand, here’s more on what he sees in the market. The gist is that the markets recent gyrations are telling him that the economy is in trouble:
    And I ask myself, “Am I seeing things? The April 26 high for the Dow was 11205.03. The Dow is selling as write at 10557 down 648 points from its April high. If business is even better than expected, then why is the Dow down over 600 points? And why, if there were 674 new highs on the NYSE on April 26, were there only 20 new highs on Friday, May 14? And if my PTI was 6133 on April 26, why is it down 17 points since its April high?

    The fact is that I’ve been seeing deterioration in the stock market ever since early-April, and this in the face of improving business news. The D-J Industrial Average is composed of 30 internationally known top-quality blue-chip stocks. These are 30 of “America‘s biggest companies.” If Barron’s is so bullish on the future of America‘s biggest companies, then why isn’t the Dow advancing to new highs?

    Clearly something is wrong. But what could it be? Much as I love Barron’s, I trust the stock market more. If I read the stock market correctly, it’s telling me that there is a surprise ahead. And that surprise will be a reversal to the downside for the economy, plus a collection of other troubles ahead.


    About Dow Theory — First, we saw the recent April highs in the Averages. Then we saw a plunge in both Averages to their May 7 lows — Industrials to 10380.43, Transports to 4298.12, next a short rally. If ahead, the two Averages turn down and violate their May 7 lows, that would be the clincher. Such action would signal the certain resumption of the primary bear market.

    Just as for years I asked, cajoled, insisted, threatened, demanded, that my subscribers buy gold, I am now insisting, demanding, begging my subscribers to get OUT of stocks (including C and BYD, but not including golds) and get into cash or gold (bullion if possible). If the two Averages violate their May 7 lows, I see a major crash as the outcome. Pul – leeze, get out of stocks now, and I don’t give a damn whether you have paper losses or paper profits!

    Read more: http://www.businessinsider.com/dow-theorist-richard-russell-sell-everything-liquid-you-wont-recognize-america-by-the-end-of-the-year-2010-5#ixzz0oKPKTPEO