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  • 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…)

  • You Could Not Make It Up: Tony Blair hired by US billionaire Vinod Khosla for climate change advice

    Article Tags: You could not make it up

    Tony Blair has been hired as an adviser on climate change by Californian billionaire Vinod Khosla, the latest in a string of jobs the former prime minister has taken.

    The agreement will see Tony Blair Associates give strategic advice to Khosla Ventures, a venture capital firm that invests in companies pursuing green technologies. Mr Khosla, who made his fortune as co-founder of computing giant Sun Microsystems, is hoping that Mr Blair’s decade on the global stage helps unlock doors for the companies that California-based Khosla Ventures invests in.

    The former prime minister, briefly enlisted last month by Gordon Brown to help Labour’s flagging election campaign, will lend his name to projects, make introductions and deliver advice. Khosla Ventures has already raised more than $1bn from investors to bet on a range of technologies from solar power to biofuels.

    Mr Khosla said that “with Tony’s advice and influence’ we will create opportunities for entrepreneurs and innovators to devise practical solutions that can solve today’s most pressing problems.”

    Click source for more!!! Thanks to Nick for sending this article

    Source: telegraph.co.uk

    Read in full with comments »   


  • Female race car drivers

    List of female race car drivers name from A-Z is all here. These female drivers are best in driving race car and they are hot and sexy in race track! They have done whatever guys can do and some of the female racers even done better than guys. This article is to contribute to all the greatest female car racers who are talented, hot, and sexy.

    Female race car drivers

    A

    Amanda Stretton
    Anne-Charlotte Verney
    Ashely Force Hood – a funny car drag racer for John Force Racing. Ashely is the daughter of 14-time NHRA Funny car national champion John Force.

    B

    Betty Skelton Erde
    Bia Figueiredo

    C

    Carmen Jordá
    Catharina Felser
    Christina Surer
    Corentine Quiniou
    Cyndie Allemann

    D

    Danica Patrick – Indy car racer.
    Dorothy Levitt

    E

    Eliška Junková
    Ellen Lohr
    Erica Enders – A beautiful young junior dragster driver who is the most successful female Pro Stock Driver in NHRA history. She became first woman to qualify No. 1 in Pro Stock Recorded runner-up finish at Gatornationals in Gainesville in 2006.
    Erin Crocker – In 2006, Erin Crocker has rock the world as she was the only woman to compete full time in the NASCAR Craftsman Truck Series. Other than that, she also ran in the ARCA and NASCAR Busch Series.

    F

    Fiona Leggate

    G

    Giselle Klein

    H

    Hellé Nice

    J

    Janet Guthrie
    Jannine Jennky
    Junko Mihara

    K

    Katherine Legge – A lovely British auto racing driver. Katherine Legge became the first woman to win a developmental open-wheel race in North America.
    Kathy Rude
    Karlīne Štāla
    Kay Petre

    L

    Laleh Seddigh – Iran’s foremost female driver. Laleh is the only female driver who has been given permission by the authorities to race in the male races and has won on most occasions.
    Leanne Tander
    Leilani Münter – A race car driver and environmentalist bringing two worlds together.
    Liz Halliday – Liz has won three times while finishing runner-up in the P2 driver’s championship in the American Le Mans Series.
    Lyn St. James

    M

    María de Villota
    Maria Teresa de Filippis
    Melanie Troxel – appear in racing track when she was just 16 using a car with a self-build engine from her high school. In year 2005, she clocked a 4.458 second pass and 330.31 mph speed in Dallas and this has make her became one of the fastest female race car drivers in NHRA.
    Michele Bumgarner
    Mildred Bruce
    Milka Duno – Beautiful and strong competitive spirits female car racer. Milka Duno is the first Venezuelan woman to start a career in professional motorsports at an international level.
    Mishael Abbott

    N

    Natacha Gachnang
    Natasha Firman
    Nettan Lindgren-Jansson

    P

    Patsy Burt
    Patty Moise
    Pippa Mann

    S

    Sabine Schmitz
    Sarah Fisher – She is the first female racer to win the pole position and youngest (when she was 19 years old) to compete in the Indy 500.
    Shawna Robinson
    Sheila van Damm
    Shirley Muldowney – the “First Lady of Drag Racing”, first woman to receive a license from NHRA (National Hot Rod Association) to drive a top fuel dragster. Shirley has won the NHRA Top Fuel championship in 1977, 1980, and 1982, becoming the first person to win two and three Top Fuel titles.
    Shirley van der Lof
    Simona de Silvestro
    Susie Stoddart

    T

    Tracy Shayhorn

    V

    Vanina Ickx
    Vicki Butler-Henderson

    Y

    Yuri Mitsui

    They are all time cool, hot, and sexy female race car drivers.
    female-race-car-drivers Female race car drivers

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

  • AutoblogGreen for 05.25.10

    Milburn unveiled $1,000 EV with 100-mile range, swappable batteries back in 1920 [w/video]
    You’ve come a long way, maybe.
    Japan EV Club drives 623 miles on a single charge
    It’s not what we can expect in daily driving, but it is pretty cool.
    Amusing: Zoe Renault doesn’t want there to be an electric car called the Renault Zoe
    Ford Fairlane agrees.
    Other news:

    AutoblogGreen for 05.25.10 originally appeared on Autoblog on Tue, 25 May 2010 06:03:00 EST. Please see our terms for use of feeds.

    Read | Permalink | Email this | Comments

  • How entitled are you?

    Adapted from “Entitlement in Negotiation,” first published in the Negotiation newsletter.

    Simon Gachter of the University of St. Gallen in Switzerland and Arno Riedl of the University of Amsterdam studied the tendency of negotiators to maintain allegiance to past norms concerning entitlement, even when those norms are unrelated to the parties’ real bargaining power. The researchers use the term moral property rights to refer to this adherence to past norms.

    In a fascinating experiment, the researchers had pairs of participants compete in a general knowledge test. The higher scorer was named the “winner” and the lower scorer was named the “loser.” The pairs were told that past winners had received 1,660 points (which they were told earned them $14), and that losers had received 830 points (worth $7). A roll of dice then determined whether that payout would go into effect or the parties would be given only 2,050 points to negotiate between themselves. In the latter case, if they could not agree on the distribution, both sides would receive nothing.

    The key results concern pairs in the second condition. Notice that 2,050 points do not allow each party his or her historic entitlement and that parties have equal bargaining power, since they both would get nothing if they failed to reach an agreement. A rational analysis would suggest that, on average, the winner and loser would each get 50% of the 2,050 points. Instead, the most common distribution among pairs was two-thirds to one-third, consistent with the historic entitlement! Negotiators adhered to past norms that were not warranted by current economic conditions.

    The researchers cite real-world examples of this phenomenon, from the wealthy seeking rent control over their apartments to the historic claims of Israelis and Palestinians. Negotiators would be well advised to consider whether they are over weighing past entitlements when making decisions.

  • Scaglietti replacement: new Ferrari to be dedicated to Pininfarina

    Pininfarina_Montezemolo

    Ferrari president Luca Cordero di Montezemolo has revealed that the next Ferrari to be designed will be in honour of Pininfarina and dedicated to Sergio and Andrea, the latter who died in a scooter accident two years ago. In 2010, Pininfarina celebrates its 80th anniversary and Montezemolo was at the inauguration of the new Pininfarina Collection.

    He remembered his friend as “a clear person, indefatigable and with pure ethical principles”, paying tribute to the long standing relationship between Ferrari and Pininfarina, which will be expressed in a new model. It will be called the Ferrari S.A and will be presented by the end of 2011 or early 2012. It should be the heir to the 612 Scaglietti, which is itself a homage to another historic Italian coach-building enterprise.

    Source | Autoblog.it


  • T2 Biosystems Nails Down $15M For Portable Diagnostic with the Punch of a Desktop

    t2logo
    Luke Timmerman wrote:

    T2 Biosystems has been quiet for a while, but it’s making some noise today. The Cambridge, MA-based developer of a portable diagnostic machine has raised $15 million to carry on its quest for a diagnostic tool that that can beat workhorse laboratory machines on versatility, speed, and price.

    Physic Ventures led the round, which included new investors Arcus Ventures, RA Capital, Camros Capital, WS Investments. The round also included T2’s existing backers, Flagship Ventures, Polaris Venture Partners, Flybridge Capital Partners, and Partners Healthcare. The company has now raised about $31 million total since it was founded in 2006. As we’ve pointed out before, there is plenty of intellectual capital lined up behind T2. The company’s advisors include Tyler Jacks, the director of MIT’s Center for Cancer Research; Ralph Weissleder, head of Mass General Hospital’s Center for Molecular Imaging Research; and MIT’s indefatigable bioengineering professor, Robert Langer.

    T2 is what Harvard Business School professor Clay Christensen would call a “disruptive” technology, not the kind of more incremental, sustaining kind of innovations that big companies often pursue. This startup is attempting to commercialize technology will identify a huge range of biological substances—proteins, small molecules, viruses, DNA—in a handheld instrument. It aims to do all of this in a machine that costs less than $50,000, a tool that eliminates time-consuming and sometimes costly sample preparation steps, and that can give an answer in the lab, or the back of an ambulance or a jeep, in less than an hour. This technology, if proven in further trials, seeks to be better, faster, and cheaper than the classic optical-based diagnostic machines sold by giants like Becton Dickinson and Abbott Laboratories.

    “No one else can do DNA and protein in a single instrument, and no one can get results faster than us,” says T2 Biosystems CEO John McDonough.

    The difference with this mini-lab tool is so big, McDonough says, that it can change the way scientists, first-responders, and physicians find out exactly what they are dealing with. “The user can now see the problem and act on it. If you have to send in a sample to a central lab and it takes three days to get a test back, a lot of times you won’t even go through with the test.”

    What T2 is up against is an existing paradigm of optical detection machines that are big, powerful, and cost about $250,000, McDonough says. They typically require …Next Page »

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  • Beach Vacations

    Memorial Day will soon be here and that means that beach season is just around the corner!  I just took the time to schedule some time off for summer fun in the sun, and my kids are already nagging us to take them to the beach.

    Did you know you can check the water temperature at the beach online? How nice that we can keep an eye on the water temperature so we can plan our vacations for optimal surf splashing.

    This summer don’t forget the sunscreen whether you’re at the beach or not. In the past, I didn’t think too much about the effects of sun exposure.  I used to think that if I didn’t have a really bad burn, everything was fine. Then a few years ago my father died of skin cancer and the reality of sun exposure and skin damage began to sink in. It’s summertime and we’re all spending more time outdoors – at the pool, the beach, the garden or just playing in the yard, so now’s a good time to be thinking about our skin.

    We haven’t booked our vacation rental, so if you know a fun, family-friendly beach town on the northern east coast, let me know. Whether you’re on the land or in the water – stay safe and have a great summer!

  • U.S. Is Said to Expand Secret Military Acts in Mideast Region

    Via Prison Planet.com » World News

    MARK MAZZETTI
    NY Times
    May 25, 2010

    The top American commander in the Middle East has ordered a broad expansion of clandestine military activity in an effort to disrupt militant groups or counter threats in Iran, Saudi Arabia, Somalia and other countries in the region, according to defense officials and military documents.

    The secret directive, signed in September by Gen. David H. Petraeus, authorizes the sending of American Special Operations troops to both friendly and hostile nations in the Middle East, Central Asia and the Horn of Africa to gather intelligence and build ties with local forces. Officials said the order also permits reconnaissance that could pave the way for possible military strikes in Iran if tensions over its nuclear ambitions escalate.

    While the Bush administration had approved some clandestine military activities far from designated war zones, the new order is intended to make such efforts more systematic and long term, officials said. Its goals are to build networks that could “penetrate, disrupt, defeat or destroy” Al Qaeda and other militant groups, as well as to “prepare the environment” for future attacks by American or local military forces, the document said. The order, however, does not appear to authorize offensive strikes in any specific countries.

    In broadening its secret activities, the United States military has also sought in recent years to break its dependence on the Central Intelligence Agency and other spy agencies for information in countries without a significant American troop presence.

    Full article here

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  • Hubble discovers planet being devoured by star

    Via Prison Planet.com » Sci Tech

    London Telegraph
    May 25, 2010

    The Hubble space telescope has discovered a planet in our galaxy in the process of being devoured by the star that it orbits.

    An artist's image showing planet WASP-12b which is being eaten by a star.

    The doomed planet, dubbed WASP-12b, has the highest known surface temperature of any planet in the Milky Way – around 2,800F (1,500C).

    But it could be enveloped by its own parent star over the next ten million years, the paper’s authors have concluded.

    Using a new instrument called the Cosmic Origins Spectrograph that was installed on Hubble in 2009, the researchers observed how the planet was whipped into an elongated shape by gravitational forces.

    Full article here

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  • Un 26% de los conductores con gafas podría sufrir lesión ocular si se activa el airbag

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    Nada más leer la noticia me saltó el chispazo: yo llevo gafas también, como al parece el 72% de los conductores que las usan bien porque tengan falta de visión como yo o porque eventualmente las necesiten para protegerse del sol. Pues bien, ¿qué pasaría si sufrimos un accidente y el airbag se activa?

    Éstas cuestiones se han intentado resolver en el “Estudio sobre las lesiones oculares en usuarios de gafas por estallido del airbag a baja velocidad“, que concluye de manera global que un 26% de los conductores que en el momento de la colisión lleven unas gafas puestas pueden sufrir lesiones oculares, un dato preocupante.

    Analizando más profundamente el estudio se descubre que en un 15% de las ocasiones las gafas actúan como protectoras, haciendo de pared entre los agentes externos y el ojo: sin embargo esto sólo ocurre con las gafas de montura completa, nunca con las de montura al aire (como las que uso yo, por ejemplo).

    Las posibilidades de lesión ocular vienen marcadas también por una incorrecta distancia de separación del volante: se recomienda que sea más o menos 45 centímetros y hay muchos conductores que conducen más cerca de lo recomendado. Si eres conductor y llevas gafas, también te valdría saber que los cristales minerales tienen tendencia a astillarse, así que sería mejor no utilizarlos.

    Vía | Motorspain