Category: News

  • Here’s The Most Distressing Part Of AOL’s Horrible Results: Cash Flow Collapsed

    timarmstrongphone.jpg

    AOL had another horrible quarter, as expected.  The good news is that the quarter wasn’t much MORE horrible than expected.  In fact, on a revenue and EBITDA basis, it was basically in line.

    However…

    One metric that might slip under the radar but is nevertheless important is Free Cash Flow.  Despite huge cost cuts, AOL’s Free Cash Flow tanked year over year–dropping a sickening 55% ($153 million).  This compares a revenue drop of only 23%.

    Why did Free Cash Flow drop so much?

    In part because much of the revenue that AOL is losing is wildly profitable, while the revenue it’s keeping is low margin. Specifically, the high margin revenue AOL is losing is subscription revenue, which declined 28% ($90 million) year over year, and the search revenue, which fell 27%, or $45 million.

    Now, everyone knows AOL’s subscription revenue is collapsing.  But what fewer people understand is that the subscription revenue and search revenue are tightly linked, and they are both vastly more profitable than AOL’s media and ad network business.

    At first glance, the linkage between search and subscription revenue seems counterintuitive: As AOL focuses on growing its media properties, shouldn’t search revenue increase?  In fact, the answer is “no.”  Because as AOL explains in its press release, its subscribers search much more frequently than its free media readers. 

    As the company loses those subscribers, therefore, it also loses big chunks of search revenue.  And that search revenue is nearly 100% profit (because Google serves the ads).  The subscription revenue, meanwhile, which is still composed largely of dial-up subscribers who rarely use dial-up, is also highly profitable.

    That’s one of the hidden realities of AOL’s business.  And there’s not much the company can do about it.

    As the subscriber business continues to decline, more of the search revenue will disappear.  It’s possible that Microsoft Bing will come in later this year and pay a silly amount of money for AOL’s remaining 3% of the search market, but even this won’t likely restore AOL’s search business to growth.  So the outlook for cash flow is likely to remain worse than it is for revenue, even if AOL stabilizes its media business.

    On a positive note, AOL is finally starting to sell off non-core assets (ICQ).  And it should be able to raise a reasonable amount of cash for doing so.

    See Also: Here’s What AOL Isn’t Telling IPO Investors

    Join the conversation about this story »

    See Also:

  • Right Before Khadr Hearing Starts, Gov’t Offers Plea Deal

    GUANTANAMO BAY — There were doubts, after yesterday’s late-breaking release of the Manual for military commissions, whether this morning’s pre-trial hearing to suppress Omar Khadr’s statements to interrogators would go forward at all. Now, the hearing’s about to get underway — whether Col. Pat Parrish, the military judge in Khadr’s commission, will order a delay when it does, is a different story — but it begins with a different surprise.

    Michelle Shephard of the Toronto Star scoops the rest of us here by reporting that the government offered Khadr’s lawyers a plea deal: five years on top of the seven years the Canadian citizen has already done at Guantanamo and Bagram. Khadr’s defense counsel turned down the deal. Breakfast conversation among reporters was garnished with speculation about whether the rejected plea offer means the prosecutors at the Defense Department’s Office of Military Commissions think they can’t win the suppression hearing — meaning a lot of evidence against Khadr wouldn’t be entered into court when his military commission properly begins in July — or that they don’t want the flagship case of the Obama era to be one against a defendant captured and mistreated when he was 15 years old.

    Either way, we’re about to get going here. The press still does not have the Manual. We do, however, have 2007-era copies of protective orders preventing us from reporting “identifying information of intelligence personnel” in the event Khadr’s interrogators testify — or, for that matter, the “names or other identifying information” of seemingly any witnesses. (Yes, these are protective orders flowing from the 2006 Military Commissions Act that the Supreme Court struck down.) So get ready for some “Witness #1″ descriptions!

  • See The Fortune 500 Magazine Cover That Was Too Brutally Honest To Run

    Fortune magazine commissioned artist Chris Ware to design a cover for their 2010 Fortune 500 issue, so he did. Unfortunately, what he delivered was a detailed, funny, and biting commentary on the current state of our economy–with banker types dancing on the top of mega-buildings that spell out “500,” a factory in Mexico churning out big box merchandise, and a “401k cemetary.” Fortune rejected it, but hasn’t provided any comment on why. Well, okay, it’s probably self-evident why they killed it, but it’s still funny.

    “Fortune Rejects Chris Ware’s Cover” [Chicagoist via MetaFilter]

  • Where is the fuel filter located on my car

    Here is the answer with pictures tell you where is the fuel filter located on my car. Fuel filter usually located in different place for different cars. However, there is a standard to find out where it exactly located no matter what kind of car you are driving. It always related with fuel tank, fuel lines, and fuel system. Check it out.

    Where is the fuel filter located on my car

    Here are the top 3 methods to find out where is the fuel filter located on your car.

    Fuel filter location from user manual

    The location of fuel filter is stated in the user manual. You will only have to check out on the index page and it will tell you where exactly it located with pictures. If you have lost your user manual, try some other method.

    Fuel filter located on fuel injection car

    Nowadays most of the car running on the road is using fuel injection system. Do not worry about “where is the fuel filter located on my car?” You can actually trace it easily. Fuel filter usually located under the car in between the fuel tank and the engine. It is connected with fuel line.

    Try to locate it at the firewall in the engine bay if you can’t find it under the car. It depends on what car brand you are using. Fuel lines for injection system usually made of metal to hold bigger fuel pressure if compared to carburetor system.

    Another possible location is internal filters which hardly see from outside. This kind of inline filters or internal filters is mate inside the car fuel system and fuel tank.

    See also: Where is the fuel filter located, Changing a fuel filter, Track fuel mileage, Top 10 Fuel saving tips.

    Fuel filter located on carburetor car

    The location of fuel filter on carburetor car is easier to trace. Most of the cars earlier than mid 90’s are running on carburetor fuel system. The objective of a carburetor is to mix the right amount of gasoline with the right amount of air so that the engine runs properly. Fuel filter for most of the carburetor car usually is mounted in between carburetor and fuel tank. You can start trace the filter from fuel tank to fuel lines all the way until the carburetor. You can’t miss it.

    Here are some pictures tell you where is the fuel filter located on my car.
    Where is the fuel filter located on my car

    Source: Cars, Fast Cars, Cool Cars, Sports Cars

  • Seven nontoxic and pet-friendly garden remedies

    woman in garden with dog

    It’s that time of year to begin gardening, and we always seem to encounter a few hiccups after the winter.

    In my landscaping business, we specialize in pet-friendly yards and encourage others to use natural remedies to eliminate pests and other gardening problems that you may encounter.

    Seven helpful hints to combat common garden headaches

    1. Aphids (plant lice):  Fill a water spritzer with water and two tablespoons of dishwashing liquid. Spray the plant, particularly on the underside of the leaves where mites hide. For large-scale infestations, place up to 4 tablespoons of dishwashing liquid in a hose end sprayer and douse the affected plant focusing on the underside of the leaves.  Place aluminum foil at the base of your plants to deter aphids. The foil will reflect light onto the leaf bottoms and scare the aphids away. Plants that discourage aphids are chives, marigolds, mint, basil,
      and cilantro.
    2. Deer: Place some soap shavings or used cat litter along the ground to create a boundary between the deer-grazing area and your garden. Also try hanging a salt lick in their path to distract them from your plants.  Blood meal also deters them but must be reapplied if it rains or is irrigated.
    3. Natural herbicide: Vinegar (any type of vinegar) acts like an herbicide.  Apply when temperatures are above 70°, and you will see its affect within a week or two.
    4. Mice:  Peppermint, mint or cloves will deter mice and rats. You can either plant mint, (careful, it’s very invasive!) or soak strings in mint essential oils and place around areas where mice frequent.  This technique is especially helpful in areas around compost bins.  Eliminating food sources will also deter rodents, as will adopting a shelter cat, of course.
    5. Rabbits: Sprinkle chili pepper around plants (it must be reapplied if it gets wet). Install oven racks around plants. Rabbits tend to dislike their texture and the way that the racks feel on their feet.  Thorny or textured plants will also deter rabbits. Choose plants such as, lavender, sage, barberry and evergreens.
    6. Ticks and fleas: Mint and lavender deter fleas and ticks. Also, install cedar chips in your garden. They smell great to you … but not to fleas and ticks!
    7. Wake up your lawn with this tonic:
      1 can beer (not light beer)
      1 cup ammonia, regular household strength
      1 cup plain liquid dish soap, not liquid detergent or antibacterial
      1 cup any brand liquid lawn fertilizer
      1 cup molasses or corn syrup: provides sugar and carbs; molasses also contains iron, which promotes greening process

      Combine ingredients in a 20-gallon hose-end sprayer and apply evenly to the entire lawn in early mornings or late evenings.

      It’s best to apply after mowing. Applications may be done every two weeks during the entire growing season.

    Elizabeth Bublitz is an expert in animal-friendly gardening, an author, and owner of Pawfriendly Landscapes.

    More from ecomii:

    Check out Yahoo! Green on Twitter and Facebook.

  • Averting “Disaster” in Healthcare: Xconomy Forum at MIT Tackles Big Problems and Potential Technology Fixes

    MIT Media Lab
    Ryan McBride wrote:

    There’s perhaps no better place in the Boston area to talk about the future use of information technology in healthcare than the modern building in Kendall Square that houses the MIT Media Lab. The abundant windows and glass interior walls allow natural light to spill onto researchers as they advance new technologies to transform healthcare. Visitors can see across the Charles River to renowned medical care facilities like Massachusetts General Hospital, and in every other direction they can see the largest cluster of biotech research institutions on the East Coast.

    It was a great setting for “Healthcare In Transition,” Xconomy’s first forum solely focused on the convergence of information technology and healthcare. Frank Moss, director of the Media Lab, entertained the audience  with a clip from an old “Saturday Night Live” skit that satirizes the backward medical practices of the Middle Ages, when bloodletting was thought to be a panacea for all manner of ailments. Moss’s use of the clip underscored his point that patients, not doctors, need to be the agents of change in the broken healthcare system. Then John Moore, a physician and researcher at the Media Lab, gave us a look at several technologies—including artificial caregivers that talk to patients, a touch-screen interface to foster collaboration between patients and doctors, and a device for patients to use in their homes to communicate with caregivers—which are meant to put patients in better control of their healthcare.

    Our presenters dazzled with their inventions to solve problems in healthcare. And there are plenty of problems: the $2.5 trillion dollars spent on healthcare in the U.S. last year accounted for nearly 20 percent of our country’s gross domestic product (GDP), and there is no sign that the gargantuan costs will level off. In the midst of this morass are people who are treating their bodies like dumpsters and taking no responsibility for the expensive results, doctors whose interests are to see lots of these sick people rather than spend more time to keep them healthy, and health insurance outfits that are profiting from the general disarray in this system. Still, the raft of bugaboos in healthcare has given rise to new companies and ideas bent on putting out these fires. And we tried to feature as many of them as we could on Monday.

    “We’re headed for disaster,” Moss said. “We have to look at a …Next Page »

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  • Are GOP Lies Actually Good for the Public Discourse?

    Public policy is hard. Two-word sound-bites are easy. That’s why they drive the news cycle.

    Remember “death panels”? Remember “you lie”? Remember, most recently, “bailout bill” — Mitch McConnell claim that financial regulation allows endless taxpayer-funded bailouts?

    Of course you do. That’s because the media did our best to keep them alive. After the sound bites hit the news cycle, conservative columnists and TV hosts perused the legislation for language that, seen in a certain light, might corroborate their compatriots’ claims. Liberal columnists and TV hosts countered with explanations that death panels were a myth, Obama wasn’t lying, and resolution authority isn’t an eternal bailout provision. Before long, the entire press seized on these
    two-word half-truths and turned them into political touchstones whose infamy eclipsed the actual legislation.

    This is where we should wring our hands and despair for the fate of the nation … or maybe not. Before “death panels,” managing the cost of end-of-life care was not a headliner item in the health care debate. After “death panels,” it was. Before Joe Wilson’s outburst, most opinion journalists weren’t talking about the intersection of immigration and health care. After “you lie,” we had to. Resolution authority had always been at the heart of the financial regulation debate, but it took a devious frame like “bailout bill” to shine a particularly harsh light on the relationship between the resolution fund and creditors in a failed institution.

    Misleading conservative frames today act as a kind of news peg around which the entire middlebrow, high-traffic media orients its policy coverage. It’s a familiar pattern. Consider the trajectory of “death panels.” Liberals blasted the sound-bite. Then some wonky conservatives defended it. Then thoughtful moderates said we already have death panels because some people can’t afford health care. Then some libertarians said maybe “death panels” are smart, in principle, but not like Palin suggested. Then objective newspapers took up the issue to seriously look into end-of-life care, while everybody else competed to see who could score the authoritative take. Commentators often say “we need a national debate” about important issues. Well, we had a national debate about end-of-life care. Something like it, anyway. Would it have happened without Palin’s Facebook message?

    Nobody knows. What we know is that today, policy debates often enter the mainstream media through an undesirable mechanism: pithy fibs from Republicans. The fibs are wrong. But the debates they start can be real. As Atlantic commentator John Thacker once wrote to me, “It’s sad, but Sarah Palin and Joe Wilson didn’t “kill” the
    healthcare debate. They stimulated it.” I don’t want him to be right. What if he is?





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  • Porsche fará recall dos modelos Panamera comercializados


    Como uma medida preventiva, a Porsche anunciou o recall dos 11.300 unidades do Panamera que foram vendidas após o seu lançamento. A razão da chamada foi por um possível defeito nos cintos de segurança.

    O Panamera é um dos passos que a Porsche deu em direção à nova estratégia para aumento das vendas no futuro, e o investimento em um nicho pouco explorado, com concorrentes de peso como a Maserati e a Mercedes.

    De acordo com as autoridades norte-americanas, o problema do cinto de segurança afetou cerca de 3.100 unidades, entre as versões Panamera S, Panamera 4S e Panamera Turbo. Felizmente, nenhum problema mais grave foi relatado da falha no veículo.

    Via | Autoportal


  • Reducing Salt Intake

    Over the summer I met up with a friend to enjoy a plate of chips and salsa. While chatting, she proceeded to get a little crazy with the salt shaker. I looked at her like she was nuts, "Care to have some chips with your salt?"

    While I rarely ADD additional salt to my food, most of what we buy is already loaded with it. This is why the Institute of Medicine has recommended that the FDA take measures to cut back the levels of salt that manufacturers add to foods.

    While no official plan is in tact, the FDA says it plans to slowly but surely reduce the amount of sodium in foods by using a stepwise and monitored process as to not drastically change the flavoring of the food.

    The recommended maximum daily intake of sodium for the average adult is about a tablespoon, or 2,300 milligrams. Americans consume about 3,400 milligrams per day.

    This over-consumption is a leading contributor to hypertension and heart disease.

    What do you think about reducing sodium in packaged foods and restaurants? How do you monitor your salt intake?

  • Boy Scouts Give Up Entirely, Offer Video Game Badge [Video Games]

    Ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha. More »







  • Win two tickets to Dinner Party in Piedmont Park this Saturday

    greystone_frontEvery other Friday, the guys from Top Flr host Dinner Party — a gathering of strangers around a dinner table in locations announced just prior to the event. It might take place in a private home, a warehouse, a high-rise condo or a park.

    The one happening this Saturday, May 1,  is special, and I’ve got two tickets to give away. This benefit for the Piedmont Park Conservancy will host 200 people somewhere in the park (though I’m assuming not the dog run). Top Flr chef Shane Devereux has asked some of his colleagues (Hector Santiago from Pura Vida Tapas and Craig Richards from La Tavola, among others) to join him in preparing the food, which will largely come from local farms. Also on hand: five of the town’s top bartenders, including Greg Best from Holeman & Finch and Miles MacQuarrie from Leon’s Full Service, will mix the drinks. Michael McNeill, the former Ritz-Carlton Buckhead wine steward and the city’s only certified Master Sommelier, will oversee the wine selection.

    So …

  • Next Bentley Azure convertible to be based on Mulsanne

    2011 Bentley Mulsanne

    The new Bentley Mulsanne is set to replace the current Arnage as the brand’s flagship sedan. According to Inside Line a replacement for the Azure convertible will also be based on the new giant sedan with big-eyed headlights.

    Bentley has made a huge chunk of investment in its Crewe plant to build the Mulsanne, and it only makes sense that the automaker is planning more than one variation to spread the cost of development.

    You can expect the new Azure convertible to make its debut around a year after the Mulsanne hits the market. Power will likely come from the same 505-hp 6.8L twin-turbo V8.

    Refresher: Power for the 2011 Bentley Mulsanne comes from a 6.75L twin-turbocharged V8 making 505-hp with a maximum torque of 752 lb-ft. Mated to an 8-speed automatic transmission, the Mulsanne can go from 0-60 mph in 5.1 seconds with a top speed of 184 mph. Prices start at $285,000.

    2011 Bentley Mulsanne:

    2011 Bentley Mulsanne 2010 Bentley Mulsanne 2010 Bentley Mulsanne 2010 Bentley Mulsanne

    – By: Omar Rana

    Source: Inside Line


  • WATE-TV: Knox County experts weigh in on illegal immigration laws

    Karla McKanders, law professor at UT Knoxville, explains how local agencies in Arizona soon will be given more authority in the controversial new illegal immigrant law enacted in the state.

  • Stephan Hawking eyes ET

    While I agree that other intelligent life forms exist, I do not agree that contact will be particularly dangerous.  There is also plenty of evidence that contact is presently ongoing though not necessarily at the level of peer to peer contact as was the much maligned Columbus event.
    I have posted extensively that the known reports on ET and a vast array of other conforming evidence suggests the existence of a large population of space adapted humanity who are both responsible for our presence here and do engage in active monitoring.
    I do not need to introduce a biological class from another solar system but neither do I need to rule it out. Our close passage through the Sirius group every 100K years or so provides for that possibility without having to introduce FTL travel.
    It is my suspicion that ET is merely waiting for us to build MEV’s ( Magnetic Exclusion Vessels ) presently seen and described as UFO’s and to come out and find them.  The finding part will not be tricky at all.  New readers may want to read my article on reverse engineering the UFO found both here and on Viewzone.com.
    Recent breakthroughs in our understanding of the technology put us within the next twenty years without breaking a sweat.
    * To my mathematical brain, the numbers alone make thinking about aliens perfectly rational… If aliens ever visit us, I think the outcome would be much as when Christopher Columbus first landed in America, which didn’t turn out very well for the Native Americans.”

    I agree that life and probably intelligent life is pretty common. I disagree that it makes much difference whether we broadcast out via SETI or not. Before aliens or we can cross interstellar space we can go to the gravitational lens of the sun (500 AU about 2 light days away) and set up large telescopes or create hypertelescopes at other locations.
    These observatories would be able to image planetary surfaces and take spectrographs of planets. (World Imaging telescopes)
    With a hundred billion galaxies each with potentially a hundred billion stars, Hawking considers that intelligent life is entirely possible – even, perhaps, intelligent life with technology so advanced as to be able to travel across interstellar distances. He considers it an extremely unwise move for primitive present-day humanity to attract the attention of such voyagers – by such efforts as the controversial practice of beaming out “Active SETI” signals
    Stephen Hawking’s Universe begins on the Discovery Channel on Sunday 9 May at 9pm.
  • Nixon rolls out special editions for the Gumball 3000

    Filed under: ,

    If the usual array of premium automotive branded timepieces presented here on Autoblog isn’t exactly your taste, you may want to check out the latest from Nixon. The fresh skater-culture brand has teamed up with the organizers of the Gumball 3000 to roll out a special set of watches and headphones geared towards participants and fans alike.

    The Nixon x Gumball watch starts off with the company’s iconic Rubber Player wristwatch, decked out in low-key black silicon (on both the case and strap), accented by gold touches on the caseback, crown and hands. A limited number will be made available to the public at $200, while a more exclusive edition of Nixon’s 51-30 – encased in matte black steel with similar gold touches – will be furnished to rally participants, which this year include Nixon spokespersons Tony Hawk and Mike Escamilla.

    To go with the watches, Nixon has also created special editions of its “e Whip” and “e Wire” headphones, selling for $60 and $75 respectively. The items will be available at Nixon retailers around the world, including those along the rally’s route through London, Amsterdam, Boston, Montreal, Toronto and New York. The perfect thing to go with those special Puma kicks you got last year. Details in the press release after the jump.

    [Source: Nixon and Gumball 3000]

    Nixon rolls out special editions for the Gumball 3000 originally appeared on Autoblog on Wed, 28 Apr 2010 07:57:00 EST. Please see our terms for use of feeds.

    Permalink | Email this | Comments

  • Nokia: Trust us, the N8 has a really nice camera

    Nokia N8 first HD video sample from Nokia Conversations on Vimeo.

    After a heady excoriation of the N8 based on pre-release hardware surfaced this week, it looks like Nokia is trying hard to convince us that the N8 is still the phone to beat.

    Look: I love Nokia. I would even marry it if that were legal in my state. But they haven’t made a compelling phone in years. As T. Ricker of Engasmic writes: “But Nokia, a company known for using decent optics, sensors, and flash units in its N-series devices, certainly won’t be disappointing impromptu photogs making their first jump into Symbian^3. Just imagine what Nokia hardware coupled with a killer user experience could do. Could do.”

    Could do is right, young T. Ricker. Could do is right.


  • Salão de Pequim 2010: GM apresenta minivan derivada do Volt

    GM Volt MPV5 Concept

    A Chevrolet apresentou no Salão do Automóvel de Pequim o conceito Volt MPV5, uma minivan/crossover multi-uso com capacidade de levar cinco passageiros e que utiliza uma motorização hibrida, além de contar com um design baseado no Volt.

    Medindo 4,5 metros de comprimento, o conceito oferece maior espaço para os ocupantes e para a bagagem. Seu porta-malas tem uma capacidade inicial de 863 litros com os bancos no lugar original e de até 1.764 litros com o rebatimento dos bancos traseiros. Por fora, a dianteira da minivan já é bem conhecida e o que mais chama atenção é seu design traseiro com lanternas afiladas e suas rodas de 19 polegadas.

    O interior do Chevrolet Volt MPV5 Concept tem um design limpo e bem definido e é revestido com materiais inéditos. De acordo com Doug Parks, engenheiro chefe no desenvolvimento de carros elétricos da GM: “O Volt conceito MPV5 demonstra a flexibilidade do sistema de propulsão Voltec, que pode produzir energia elétrica suficiente para impulsionar uma série de veículos a partir de um sedã compacto, como o crossover do Volt, o conceito MPV5 Volt “.

    Seu sistema de propulsão funciona como no Volt, onde no ciclo urbano e de menores velocidades o veiculo pode percorrer até 51.5 km apenas com o motor elétrico. Depois disso, o motor a combustão é acionado para recarregar sua bateria de íon de lítio de 16 kWh. Quando houver a necessidade de mais potencia como nas estradas, o conceito Chevrolet Volt MP5 utiliza os dois motores simultâneos que possibilitam alcançar a velocidade máxima de 160 km/h e uma autonomia de 482 km.

    GM Volt MPV5 ConceptGM Volt MPV5 ConceptGM Volt MPV5 ConceptGM Volt MPV5 Concept

    GM Volt MPV5 Concept
    GM Volt MPV5 ConceptGM Volt MPV5 ConceptGM Volt MPV5 ConceptGM Volt MPV5 ConceptGM Volt MPV5 ConceptGM Volt MPV5 ConceptGM Volt MPV5 ConceptGM Volt MPV5 ConceptGM Volt MPV5 ConceptGM Volt MPV5 Concept

    Fonte: AutomobileReviews


  • Bin Laden in Iran

    In nine years, this is the first creditable sniff regarding the fate of Osama Bin Laden that could be plausible.  When the towers fell, not only was he the biggest single target on earth he also would have been a valuable trading chip to everyone.
    Hot footing it to Iran before his Taliban hosts did the calculus was a simple act of self preservation.  There at least, he was in one of three countries engaged in a cold war with the USA.  Yet Iran has no reason to brag about it, because it would introduce a dangerous wild card when they have their own.
    His engagement in the falcon business also rings true and is why this dribble of evidence actually surfaced.  Food and lodging would never have drawn attention and intelligence intercepts appear pretty unlikely with a chap who will certainly operate through secretaries.  Yet involvement in falconry needs personal contact and long associations.  He has not given it up.
    That in itself is a compelling reason to think we have him.  It would be the one thing that I could believe he would not abandon.  So it has revealed him.  And it tells us how to find him sooner or later.
    He will be a secondary casualty when the present regime ends.
    Bin Laden in Iran, Documentary Claims
    Monday, 26 Apr 2010 05:35 PM

    By: Ken Timmerman


    A new documentary film premiering at the prestigious Tribeca film festival in New York this week presents stunning new evidence that al-Qaida leader Osama bin Laden is living in Iran, where the Iranian regime is sheltering him.

    The film, “Feathered Cocaine,” began as a simple documentary of the illicit trade in hunting falcons to Middle East desert sheikhs. But as filmmakers Thorkell (Keli) Hardarson and Örn Marino Arnarson delved deeper into their subject, they discovered a dark underworld in which terrorism and falcon smuggling met with astonishing regularity.

    In March 2008, the filmmakers ventured into Afghanistan and the former Soviet republics along with Alan Parrot, the head of the Union for the Conservation of Raptors, a conservationist group that seeks to protect wild falcons, to interview a falcon smuggler they code-named “T-2.”


    For three days, the team waited in a mountain village while the smuggler kept them under surveillance from afar. Satisfied that they hadn’t been followed, he granted them a 55-minute interview — only if they agreed to disguise his voice and his appearance.

    “He was suspicious of the cameras – probably because he had seen too many movies about the CIA and was afraid we might be able to identify him,” Hardason told Newsmax.

    “T-2” told the filmmakers that he met bin Laden by chance in late November 2004 at a falcon-hunting camp in northeastern Iran.


    “I met him five times after 2004,” he said. “The last time we met was in October 2007. Every time, it was in Iran.”

    Newsmax was given exclusive access to the interview last year and interviewed a U.S. intelligence official who confirmed that the United States had electronic interceptsindicating the presence of a very important person in the region at the dates “T-2” mentioned. 

    Iranian authorities were moving the VIP from Tehran to Zahedan, a center of the falcon-hunting grounds, which were closed off to all foreign visitors for security reasons.

    “There was no doubt in my mind that they were expecting a big shot, and it makes sense to think it was bin Laden,” the U.S. official said. 

    “Feathered Cocaine” includes excerpts from the footage with “T-2,” as well as interviews with lawyer John Loftus, former CIA clandestine officer Bob Baer, and others, including this reporter and former Washington Post reporter and terrorism expert Steve Coll.

    Loftus revealed that “T-2” provided the filmmakers with the specific frequencies of small transmitters bin Laden had strapped to the backs of his hunting falcons so he could find them if they failed to return to base. 

    Loftus said the CIA could use that information to track bin Laden and capture him, and that he offered it to the director of the Central Intelligence Agency and to the heads of other U.S. intelligence agencies at the request of the filmmakers, with no response.

    Last year, they approached “Rewards for Justice,” the State Department office that is offering a $50 million reward for information leading to bin Laden’s capture, but never received any acknowledgement of their information.

    Speaking to a packed house after the Tribeca premier on Friday, Parrot was asked to speculate about why “T-2” agreed to talk to the filmmakers, because the details surely would allow bin Laden to guess his identity.

    “I believe that bin Laden wanted ‘T-2’ to send a message through us,” Parrot said. “He wanted the world to know that he was in Iran, but that he couldn’t leave.”

    In the movie, Parrot said the Iranian regime is giving bin Laden “a long leash” but is holding his family hostage in Tehran in the event bin Laden revealed his relationship to them. “This was confirmed by one of bin Laden’s sons last year,” Parrot said.

    Omar bin Laden, who married a British woman and broke with his father before the 9/11 attacks, revealed in December 2009 that seven of his siblings were living in Tehran and seeking to leave the country.

    The story of American-born falconer Alan Howell Parrot lies at the center of this extraordinary tale and lends it credibility. Parrot began breeding falcons and selling them to the ping of Saudi Arabia and then to the president of the United Arab Emirates (U.A.E.) in the late 1970s, and was a frequent guest at their royal palaces and elaborate hunting camps in the wilds of southern Afghanistan.

    In the late 1990s, so was renegade Saudi financier Osama bin Laden. Parrot described the royal hunting camps “al-Qaida’s board room,” because they gave bin Laden the opportunity to spend weeks of quality time with wealthy backers from the U.A.E. and other gulf states.

    Parrot alleges that bin Laden’s royal backers transferred “hundreds of millions of dollars” in cash to him during these hunting expeditions, as well as military equipment and off-road vehicles. The movie includes footage of a U.A.E. military C-130 transport plane landing at a makeshift airstrip in western Pakistan to deliver equipment to the hunting camps.

    “I see bin Laden as a falcon smuggler,” Parrot states in the film, “and in that capacity I went after him. All the locals in Kandahar hated bin Laden because he stole all the falcons.”

    After al-Qaida blew up two U.S. embassies in Africa in July 1998, the CIA also began hunting for bin Laden in earnest. Local agents in Afghanistan spotted him at a royal hunting camp near Kandahar in February 1999, according to an account that appeared in the final report of the 9/11 Commission.


    CIA Director George Tenet asked the White House for permission to launch a cruise missile strike on the camp on Feb. 8, 1999, but soon ran into interference from an unusual source: Richard Clarke, the top counter-terrorism adviser to President Clinton.

    As the 9/11 Commission report concluded, “policymakers were concerned about the danger that a strike would kill an Emirati prince or other senior officials who might be with bin Laden or close by,” so they called off the strike. 

    On March 7, 1999, Richard Clarke called Sheikh Mohammed bin Zayed, the U.A.E. defense minister, to “express his concerns about possible associations between Emirati officials and bin Laden,” the 9/11 Commission report states.

    It is not clear whether Clarke told Mohammed that U.S. intelligence had evidence that U.A.E. officials were with bin Laden in Afghanistan, but after the call, bin Laden and his patrons quickly dispersed and the camps were dismantled.

    Clarke claims the CIA approved the tip-off call. However, former CIA official John Mayer III told the commission it was “almost impossible” for the CIA to have approved Clarke’s move.

    “When the former bin Laden unit chief found out about Clarke’s call, he questioned CIA officials, who denied having given such a clearance,” the report states. “Imagery confirmed that, less than a week after Clarke’s phone call, the camp was hurriedly dismantled and the site was deserted.”

    Asked by Newsmax to comment on his reported tip-off to the U.A.E. sheikh, Clarke said, “I’m not going to get into that. What I said to the 9/11 Commission is what I said to the 9/11 Commission.” He similarly declined repeated requests from Parrot and his documentary film team to talk about the hunting camps on camera.
  • Portuguese Bank CDS Go Vertical

    Portugal’s banks are starting to buckle under the pressure of their state’s fiscal crisis, as Greece’s debt problems spread across the continent.

    It may have a smaller deficit, and it may have taken austerity measures, but Portugal’s banks are still feeling the pressure of their sovereign’s problems, and the value of CDS is starting to widen as a result.

    From CMA Datavision:

    CMA Portugal Banks

    Check Out Who Else Gets Hammered In A Greek Default >

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  • Global Cooling until 2030 by Girma Orssengo, B. Tech, MASc, PhD

    Article Tags: Girma Orssengo, [email protected]

    article image

    The observed yearly Global Mean Temperature from the Climate Research Unit can be modelled by a combination of linear and sinusoidal functions as shown in chart above.

    As shown in the chart above, if the global mean temperature cycle behaves the way it behaved for the last 130 years, there will be global cooling until 2030. In contrast, the IPCC projections that started its divergence away from observed temperature about 2005 will continue its imaginary trajectory towards its exaggerated target temperature.

    For detailed discussion of the model, please visit the WUWT website: Predictions Of Global Mean Temperatures & IPCC Projections

    Read in full with comments »