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  • The Rich Are Making Huge Bets On Property Again

    partyhousebeachdek.jpg

    A Barclays report has found that affluent investors, with $800,000 or more to invest, plan to load up on property investments.

    The reason is simple — they expect property to outperform other asset classes. With 10-year treasury yields at 3.21% it seems like a decent bet in terms of property’s potential price appreciation. Yet given the tax and maintenance liabilities of property, it doesn’t seem such a sure thing.

    Bloomberg: Twice as many people plan to raise their investment in commercial and residential property as intend to reduce it, the Barclays Wealth unit said in an e-mailed statement today. The richer the individual, the greater the proportion of wealth is placed in real estate, the survey found.

    Real estate investment among wealthy individuals is set to rise to 30 percent of the average portfolio for the next few years from 28 percent now, according to the survey. That excludes properties used as a principal residence. Most rich people, other than the extremely wealthy, should have no more than 10 percent of their assets in property, said Dicks.

    ‘Emotional Attachment’

    “An emotional attachment to bricks and mortar,” can mean that rich investors are often unwilling to sell real estate at short notice and may be less rigorous in measuring its performance as an asset, according to the report.

    Read more here.

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  • Got Balls And A Gold Fetish? Head To Afghanistan, And Start Smuggling To Iran

    The world is so thirsty for gold these days, people will pay out the nose and travel to the end of the world looking for it.

    If you’re really desperate, and want an adventure, check out the scene in Afghanistan, where you can make your fortune digging up rocks, and smuggling them.

    Asia Times: Mohammad is a smuggler, not an unusual trade for someone living in Herat, just 120 kilometers from the border with Iran. But Mohammad is not dealing in drugs or weapons, the typical contraband that flows back and forth across the border. Instead, he is dealing in gold.

    He mines it himself, in Siah Koh (Black Mountain), near to Gulgandi, a remote village close to the frontier.

    “I used to see Russian soldiers digging up rocks with gold and copper in them during the [occupation of the] 1980s,” he said. “After they left, I gave it a try, using regular mining tools.”

    Now he digs between 500 grams and one kilogram of gold and copper ore every month with help from some workers. He smuggles it just across the border to Iran in his Mazda saloon, selling the gold ore for up to 5,000 afghani (US$100) per kilogram and copper ore for 1,800 afghani.

    The area has many unauthorized gold diggers; with little oversight from authorities due to the insecurity in the area, people can dig up rocks containing precious and semi-precious metals and smuggle them to Iran and other countries. Read the whole thing >

    Here’s an old picture of the scene at the Afghan-Iran border. We’re guessing it doesn’t look much different these days.

    afghanistan iran siah koh

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  • Dubai Stock Exchange Plummets 7%, As Government Confirms It Won’t Pick Up The Tab

    Dubai Tower

    Dubai World, the umbrella company with $59 billion in looming debt, confirms its debt will not be backed by the government. 

    Bloombrg: Dubai World’s debt is not guaranteed by the government, Abdulrahman Al Saleh, director general of the emirate’s Department of Finance, said in an interview with state-run Dubai TV today.

    “The company received financing based on its project schedule, not a government guarantee,” al-Saleh said in response to whether the government was backing the debt. “The lenders should be part of the responsibility.”

    To add insult to injury, the Dubai Stock Exchange is plummeting, down more than 7%.

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  • Dexion create the ultimate fast picking solution for Boots Group Plc

    When the Boots Group, UK’s leading health and beauty retailer, decided to consolidate its retail supply chain and automate its central warehouses, it identified that an alternative solution was required to convert an existing 5,000 square metre section of warehouse space to handle high volume top selling lines. Chosen by Boots on a competitive tender, Dexion, has unequivocally fulfilled its brief by creating the ultimate fast pick operation for Boots top 100 lines.

    “We short listed a number of suppliers but chose Dexion for their competitive pricing, design and ability to provide us with a complete turnkey operation”, said Dominic Reilly, Project Manager at Boots Group. “They had an excellent knowledge of what was required and supported us throughout the project.”

    The new facility is open six days a week handling a wide range of goods varying from pallets of nappies to crisps and soft drinks. Goods are put into roll-containers (rocos), with around 2000 rocos being used each day. Because of a need for a very fast picking operation, Dexion has created a technically advanced facility made up of push back racking for storage and pallet live pick lanes located within a pick tunnel. This facility is fully integrated into a new automated complex that suppliers the remaining 75% of average daily volume.

    To kick off the project, Dexion’s design team collaborated with Boots in creating a solution for the warehouse that maximised the space available. This comprised of a pick tunnel located below single storey push back storage with pallet live lanes servicing the tunnel. With the design completed and agreed by Boots, work began in turning the building into a fully functional warehouse facility with special emphasis placed on health and safety.

    Part of the building was stripped and then smoke-curtains, lighting, sprinklers, smoke detectors, CCTV cameras and in-rack sprinklers installed. With pallets weighing anything from 100kg to 1250kg it was necessary for Dexion to ensure that the racking system could accommodate any pallet weight within this range.

    The main racking system has been designed to accommodate 1265 pallets and comprises of pallet live and a push back operation. The overall height of the system is six metres with the pick tunnel having an overall height of 2839mm clear. A single level of full-width roller push back lanes, three or four pallets deep, services the ground floor pallet live system with product for the picking operation.

    In addition, Dexion erected two-double entry and two single entry runs of standard pallet racking comprising of 5500mm frames and varying beam lengths, some with mesh shelving panels, to create 448 pallet locations. Both configurations have been designed in order that a standard counterbalance forklift truck can be utilised to store product and low level order pickers used within the pick area.

    With health & safety being a major priority for Boots, Dexion provided front angle protection within the pick tunnels as well as mesh to all frame ends.

    “Dexion took time to finalise the layout and understand our requirements”, concluded Dominic Reilly. “The site management was first class and the installation was carried out on budget, on time and as specified. We are delighted with the project and can honestly say it was a job well done”. Ends
    Notes to Editors:

  • NEW! XL6 – The Colourful All-in-One Controller with Integrated I/O

    The controller comes in two versions:
    XL6 – 5.7” Colour Touch Screen with built-in I/O
    XL6e – as above + built-in Ethernet Port with Modbus TCP Master/Slave, HTTP Web Server & FTP capability

    The XL6 All-in-One controller with a built-in 32,000 colour TFT touch screen, I/O-Modules, networking options, removable MicroSDTM Card and USB ports. It’s programmable by Horner APG’s industry recognised CscapeTM software and can control a wide range of different processes and machines from small to medium applications.

    For a wide range of Application:
    As a compact, powerful controller, XL6 can be used in literally thousands of applications from Machines to Mobile and Process Control Applications. High-speed Ethernet, CANBus and Modbus options offer you the perfect networking mix.

  • Peli Dials Up the i1015 Case to Protect the iPhone™ and Other Smart Phones

    iPhone™, iPod touch® and smart phones travel with confidence – safe from drops, moisture and dust in the Peli Products i1015 Case.
    The clear lid allows the user to watch videos or check the playlist while it protects their device. It also features an external head phone jack that allows the user to listen to music or Podcasts while the case is closed.
    For another level of protection, the shock absorbing strips in the lid and an internal moulded rubber liner in the base work together to secure and protect electronic devices from impact and scratches. The interior liner also features a cable management spool and an ear bud pocket. For ultimate security, the i1015’s high-impact, heat and chemically resistant polymer shell will stand up to some of the harshest conditions known to man.

    An “easy-open” polymer latch and stainless steel hinge ensure that the case will stay
    closed when dropped. The case also features two tie-off loops at either end of the case
    for easy tie off or a carabiner to secure it to a belt loop or nap-sack.
    The i1015 Case is available in clear with a black liner or in solid black.

  • Accelerating Safe Concentration of Accelerated Solvent Extraction Samples

    Genevac has announced the Puck – a new sampling accessory that extends the sampling versatility of its Rocket™ Evaporator to simultaneously accommodate up to eighteen 60ml Accelerated Solvent Extractor (ASE®) tubes*.

    For environmental, food and agricultural scientists that commonly employ solvent extraction techniques – concentration of extracted samples prior to analysis has traditionally been a time consuming manual process involving exposure to organic solvents.

    Benefiting from a new patented low temperature, low pressure steam heating technology developed by Genevac – the ASE Compatible Rocket Evaporator is able to uniquely achieve the dual goals of very fast evaporation with very precise temperature control thereby accelerating the safe concentration of extraction samples. Evaporation of ASE tubes is fast, safe and provides excellent recoveries of even the most volatile analytes. In addition Genevac’s patented Dri-Pure® technology prevents solvent bumping and cross contamination inherent with rotary evaporator and other vacuum evaporation systems.

    Offering true unattended operation capability the Rocket Evaporator requires no training, even a beginner can competently use the system in less than 5 minutes. A 2-stage cold trap built into the Rocket Evaporator provides very high levels of solvent recovery, even with volatile organic solvents. Requiring no peripherals for operation the compact Rocket Evaporator fits neatly onto a laboratory bench or into a fume hood. All key components on the robust and reliable system are user serviceable ensuring a low the cost of ownership.

    Further information on the Rocket Evaporator and how it can accelerate the safe concentration of Accelerated Solvent Extraction (ASE) samples is available at http://genevac.org/en/ProductDetail1.asp?S=3&V=1&G=15&Product=89 or contact Genevac on +44-1473-240000 / +1-845-267-2211 or email [email protected]

    Genevac, an SP Industries company, was founded in 1990. Today the company employs around 85 people, with manufacturing, R&D and marketing headquartered in Ipswich, UK. Genevac today offers a comprehensive portfolio of evaporators to suit almost any solvent removal application, purchasing budget or productivity requirement.

  • Compound’s Working Life Beats Conventional Potting Epoxies

    Master Bond’s newly developed EP29LP 1epoxy is an attractive potting compound for use in large potting and encapsulating applications. Presenting a gamut of significant potting properties, good compound flow, easy set up and convenient handling, it exhibits a remarkably low exotherm, maximum pot life and desirable electrical insulation qualities. The very long working life at ambient temperatures exceeds 6 hours and qualifies this compound for filament winding applications. Its excellent physical strength properties enhance component resistance to thermal shock and it has excellent resistance to chemicals such as fuels, acids, bases, water and salts.

    EP29LP-1 is a low viscosity, two part, optically clear epoxy designed to adhere to many substrates, including optical fibers and fibrous reinforcements such as glass, aramid, and graphite. The low viscosity speeds impregnation and facilitates air release. The availability of versatile cure schedules- ambient temperature or accelerated elevated temperature cures, further simplifies manufacturing applications.

    The shear bond strength of EP29LP-1 is greater than 3,500 psi, assuring durable and long lasting performance. It has a peak exotherm as low as 50°C to help avoid excess heat buildup and damage to thermally sensitive components. Extended operating temperature ranges from 74°C to 120°C
    About Master Bond’s Potting Compounds:
    Master Bond is a forefront adhesives manufacturer offering an impressive line of potting and encapsulation materials designed to protect electronic circuitry and assemblies from potentially damaging conditions such as moisture, corrosive chemicals, excessive heat, vibration, mechanical impact and thermal shocks. Master Bond, as a polymer formulator, uses rigid and flexible epoxies, polyurethanes and silicone compounds. They feature outstanding electrical insulation characteristics including high volume resistivity, excellent dielectric strength and heat dissipation factors.
    Read more about Master Bond’s Potting Compounds at http://www.masterbond.com/produse/produse_pe.html or contact: Sheila Frankel: Phone: +44-207-100-7251 Fax: 44-207-060-0628 E-mail: [email protected]

  • Two new high-temperature hoses round off the NORRES clamp profile series

    Robust, insulating and patented for high temperatures

    NORRES, the Gelsenkirchen based hose manufacturer, has just extended its range of clamp profile hoses with two new, highly flexible high-temperature products. The CP HiTex 485 and CP HiTex 486 are not only extremely flexible, they are also compressible, multi-layered, robust and suitable for slight overpressure. The CP HiTex 485 can be used at up to +500°C while the CP HiTex 486 withstands up to +650°C. The multi-layer wall of both hoses has an interior and exterior lining made of special coated glass fabric in a patented CP design for unrivalled security and durability.

    There are times when even a suction and blast hose starts to feel the heat. This is where the two new high-temperature hoses from NORRES come into play – thanks to its multi-layer hose wall, the CP HiTex 485 withstands temperatures up to +500°C as well as peaks up to +550°C. The CP HiTex 486 additionally has a thermal insulation layer. Temperatures up to +650°C and peaks as high as +700°C simply leave it cold. At the same time, both types are an excellent choice when it comes to slight overpressure. They are ideally suited as suction and blast hoses for transporting aggressive solids such as dust, powder and fibres or aggressive gaseous media like vapours and smoke. They are found in dust removal and suction plants, flue gas extraction and blast furnace or welding gas exhaust plants, exhaust gas and engine technology, engine warming systems, aircraft construction and military equipment. Both clamp profile hoses are kink-proof. Like all CP hoses, the two new products are based on a patented design offering numerous benefits, particularly under high stress. The CP HiTex 485 and CP HiTex 486 hoses feature a multi-layer wall that is clamped in a spiral profile, with an embedded wire to prevent slippage. The profile clamps the wall firmly, so that it is capable of withstanding very high loads. The outer profile is made of stainless steel (VA). Both these innovative products, which can be supplied with inner diameters from 100 mm to 1000 mm, are registered as utility models.
    NORRES CP clamp profile hoses, i.e.:
    • Diameter: 38 to 1000 mm
    • Temperature range: Approx. -150°C to 1100°C
    • One to three layers clamped in patented design
    • With or without insulation in a variety of materials

  • DELFIN presents the new website

    DELFIN is glad to present the new website, which has been put online on the same address www.delfinvacuums.it. The new website has been completely redesigned, in order to provide our partners and customers with an updated, complete and easy-to-consult working tool.

    The new website (available in English, French, German and Spanish language) presents itself with fresh graphics and modern look, reflecting the continuous development of our company. The sections PRODUCTS and APPLICATION have been greatly enhanced and updated with new contents; the Products section also includes a new tool which makes it possible to compare the technical features of several different models of vacuums.

    Another new part of the website is the NEWS section, with updated contents about what is new in our company and activities to support our customers and brand.

    We trust the new website will become a reliable and essential tool in daily work and for any further information, don’t hesitate to contact our Sales Department either by telephone to +39 011.800.55.00 or e-mail to [email protected].

  • Tested PILine® Technology for Extra Low-Profile Components

    The M-660 PILine® rotation stage from Physik Instrumente (PI) opens up a new dimension in fast positioning, be it of samples in microscopy or biotechnology, or integrated into test systems of mass storage devices, for example. They achieve a speed of up to 2 rotations per second. The integrated U-164 PILine® linear motors offer a maximum torque of up to 0.3 Nm regardless of the direction of motion, the stage is designed for a maximum load of 1 kg. The direct force transmission of the ultrasonic piezo motors onto the ceramic friction ring on the moving platform make the stage compact and self-locking when at rest.
    M-660 in figures:
    • Unlimited travel range
    • Maximum speed 720 °/s
    • Only 15 mm high
    • Ceramic direct drive with self-locking has significantly higher positional stability than classical motors
    • Direct position measurement with 40 µrad resolution
    • Free aperture with 35 mm Ø
    • Compact combination with translation stages is possible
    Well-known for its high quality, PI has been one of the leading players in the global market for precision positioning technology for many years. PI has been developing and manufacturing standard and OEM products with piezo or motor drives for 40 years now. In addition to its three German factories, PI has eight subsidiaries and a total of over 500 employees worldwide.

  • Rugged magnetostrictive transducers give absolute position measurement

    The rugged construction of RDP Electronics Ltd’s MTS R Series analogue transducers make them well suited to a wide range of industrial applications which require a direct analogue output for continuous measurement of displacement and speed.

    The magnetostrictive principle permits absolute, contact free position measurement combining various magneto-mechanical effects with precise speed measurement of an ultrasonic wave. Integral signal processing electronics accommodated in the sensor head can be selected for a range of standard analogue outputs; 0 to 10V, ±10V, 4 to 20mA and 0 to 20mA. In addition there is the option for user configurable variations, for example to set to 1 to 9V over a portion of the nominal measuring range. Unlike many types of encoder, thanks to absolute output, information is not lost on power down. With linearity of ±0.01% FS (±50µm best) and 16 bit resolution of 0.0015% (or 1µm best), the R Series provides great accuracy and repeatability of measurement. An inexpensive hand-held programming device allows simple reconfiguration to be achieved.

    Further information and guidance on specifying magnetostrictive transducers can be obtained from the RDP engineering support team on 01902 457512 or viewed online at http://www.rdpe.com/pdfs/mts/mts19.pdf.

    – ENDS –

  • Morgan Stanley: Watch How Hedging Slams The Dollar On The Last Day Of The Month

    JPM

    Morgan Stanley (MS) highlights that in months where the stock market has rallied, the U.S. dollar tends to fall on the last day of the month.

    They suggest this could be due to end-of-month dollar hedging, since when the value of stocks rises, large funds’ dollar exposure increases as well. Thus they need to hedge this off after a rally.

    MS: As a purely mechanical relationship, a rally in US asset markets makes foreign investors long USD. Thus, there is the possibility that the need to hedge increasing USD exposure when markets rally may weigh on the USD going into the end of the month.

    When stocks have rallied during a month, the U.S. dollar falls at month-end 62% of the time, as shown in the table above. When bonds rally, the dollar falls 59% of the time.

    While Morgan Stanley apparently used 60 months of data, as always these back-test relationships should be taken with a grain of salt.

    They work until suddenly they don’t.

    Regardless of Morgan Stanley’s end of month study, the firm believes that overall the dollar remains undervalued against the euro, yen, australian dollar, new zealand dollar, and canadian dollar — based on econometric models for what that’s worth.

    JPM

    MS: The USD remains considerably undervalued against the EUR; with the median FV at 1.17, EUR/USD is now 28% too high.

    With the exception of GBP/USD, which is very close to FV, the USD also remains undervalued on all other G10 crosses. USD/JPY is now 12% too low (USD/JPY FV is 100). CAD is now 14% overvalued against the USD. NZD and AUD are gaining ground; both remain very stretched indeed. NZD is 27% overvalued, and AUD is 40% from fair value. AUD overvaluation is the largest absolute misalignment in the G10.

    (Via Morgan Stanley, “FX Pulse: USD Under-Seasoned”, 25 November 2009)

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  • Suing For Patent Infringement No Replacement For Actually Building A Real Business

    TiVo has been spending a lot of effort suing others for patent infringement, but apparently not very much on actually improving their own services and giving customers a reason to buy them over the competition. So while it may be winning some of its patent lawsuits, it hasn’t helped much for the business, which is rapidly bleeding customers and losing marketshare. TiVo basically created this market and owned it for years — but then got complacent. Now, since it can’t compete, it’s gone to a litigation strategy. Perhaps it should have focused more on providing value and competing rather than suing.

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  • Cancer Research on Natural Compound (Cancer Review)

    I have started my final year project about cancer research today. My project title is “Natural Compound: Modulating the Expression of Both Anti- and Pro-apoptotic Proteins for Cancer Therapy”. Initially, i need to write a literature review on this cancer research project so that i can fully understand what i’m going to do. Today, i wish to post up my simple review on cancer.
     

    Cancer Review

    cancer research on natural compound
    Cancer is a group of diseases that are characterized by uncontrolled cellular growth, enhanced angiogenesis and reduced programmed cell death (David and Lisa, 2008). Cancer can spread to other locations throughout the body, where they grow and upset normal bodily functions. We called this as metastatic spread where the cells are dispersed around the blood stream that formed leukemia or the lymphatic system that formed lymphoma. On the other hand, some of the cancer cells will clump together to form solid tumors (Arthur and Gary, 2009). The disruptive behaviours of cancer cells are because of the changes in their genomes and gene expression that result in disruption of normal regulatory signalling pathways (Atif and Peter, 2006).
     

    Carcinogenesis

    Carcinogenesis is the process of which normal cells are transformed into cancer cells (Atif and Peter, 2006). About 200 varieties of cancer disease have been described. The cancer diseases can be grouped in three main types: carcinomas, sarcomas, leukemias and lymphomas. Carcinomas are solid cancers arisen from the epithelial cells that covering our inner and outer surfaces. Sarcomas are solid cancers that developed from the connective tissue cells that form our body structures. Leukemias and lymphomas are cancers that caused by white blood cells (Arthur and Gary, 2009).
     

    Tumorigenesis

    Tumors are neoplasm which a population of genetically related cells has acquired the ability to proliferate abnormally. The malignant tumors have the ability to invade surrounding tissues composed of normal cells and make them lethal. Tumorigenesis is the process of the growth of a tumor from a single genetically altered cell (Fred, 2008).
     

    Cancer Risk Factors

    There are many risk factors of cancer which include both external factors and internal factors. Some of the examples of external factors are tobacco use, chemical use, radiation, and infectious organisms that will induce the developing of cancer cell. On the other hand, the internal factors such as inherited mutations, hormones, immune conditions, and mutations that involved the metabolism are the risk factors that causing the developing of cancer cell. These causal factors may act together or in sequence to initiate or promote carcinogenesis (American Cancer Society, 2008).
     
    That’s all for my simple cancer review. I will continue to write more reviews later on. Stay tuned!:)
    References:
    1. David S. A. & Lisa M. H. (2008). Fundamental of Cancer Prevention (Second Edition). German: Springer-Verlag Berlin Heidelberg.
    2. Arthur B. P. & Gary S. S. (2009). The Biology and Treatment of Cancer. Canada: John Wiley & Sons, Inc.
    3. Atif B. A. & Peter G. B. (2006). Nutrition and Cancer Prevention. Boca Raton: Taylor & Francis Group.
    4. Fred B. (2008). Principle of Cancer Genetics. Maryland: Springer Science + Business Media B. V.
    5. American Cancer Society. Cancer Facts and Figures 2008. American Cancer Society, Atlanta, GA, 2008.
     

    Do you know about the cancer research on natural compound? Come and share with us.

    Cancer Research on Natural Compound (Cancer Review) is a post from: Cytogenetics and Cancer Research

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  • How Many Times Has The World Been On The Brink Of Nuclear War?

    Sure, everyone knows about the Cuban missile crisis, that terrifying month of October in 1962 when the world braced itself for nuclear annihilation.  But that wasn’t the only time the world almost came to blows with massive nuclear arms. There are dozens of instances that saw tensions rise and itchy trigger fingers hovering over large red buttons labeled “Launch.”  The thing is, you just don’t hear about them as much.

    Here are a few examples…


    The Mysterious Figure

    It was October 25th, 1962, the height of the Cuban Missile Crisis, and tensions around the country were high to say the very least. At an Air Force base in Duluth, Minnesota, a security guard spotted a mysterious figure attempting to climb over a far fence and get in to the base. The guard grabbed his gun and began to fire off rounds at the intruder, but none of them hit the mark.

    When the intruder got away, the guard hit the base’s alarm, as was protocol. And here’s where the real problem starts. The guard did nothing wrong; he saw an intruder, tried to stop him, and then he notified everyone to be on alert. The problem was with the alarm he set off.

    There was some kind of wiring screw up, so instead of the alarm telling everyone on nearby bases to be on high alert — which it did for most of the nearby bases — the alarm at the Volk Field air base in Wisconsin sounded off, ordering a fleet of F-106A interceptors to take flight. This wouldn’t normally be that big of a problem if it weren’t for the fact that the interceptors were carrying a pay-load of nuclear bombs. Also, as I mentioned, that whole Cuban Missile Crisis thing was going on at the same time, so the pilots just assumed that the nuclear war with the Soviet Union was about to begin.
      
    The pilots geared up, probably full of fear, and they hopped in to their cockpits – they were ready to fight a nuclear war. Then, a car blazed down the tarmac from the air traffic control tower, stopping the pilots from taking off. The man driving the car jumped out and told everyone to stop what they were doing because the intruder at the Duluth base had been identified.

    It was a bear.


    What Could Have Been…

    January 21st, 1968. The Cold War was in full swing as both sides were looking for a reason to attack the other. But, as most of these stories will tell you, it’s only through posturing, not through any actual attacks, that we nearly annihilated ourselves.

    During the Cold War, the United States periodically ran alert missions known as “Chrome Dome” mission. These missions were designed to simulate the flight conditions a crew would experience in case they had to perform a nuclear drop. One such crew was flying over Greenland on during a routine Chrome Dome test run.

    As they flew over Boffin Bay in Greenland, there was a mechanical malfunction in their B-52 bomber which resulted in a cabin fire. Six crew members ejected to safety, but one died in the resulting crash. But it wasn’t just a crash. When the bomber hit the ground, it exploded, as did the explosives surrounding the radioactive core of the hydrogen bombs the bomber was carrying.

    Given the state of nuclear weapons at the time, the setting off of the explosives surrounding the radioactive core could have set off the second-stage fission reaction, which is to say a large part of Greenland wouldn’t be around today.

    But, for some reason, the explosion didn’t kick start the 2nd stage. Instead, Greenland got stuck trying to clean up a massive radioactive mess.

    But the most frightening thing about the entire incident isn’t so much the incident itself – it’s what could have happened afterward.

    It’s theorized that if the bomb had gone off it would have triggered radiation detecting sensors over at NORAD. And, seeing as the explosions would have cut off communication between NORAD and the nearby early warning station, NORAD would have been left in the dark about the news of a B-52 bomber crash, and they would have interpreted this massive spike in radiation readings as a preemptive nuclear strike by the Soviet Union. This would have led to the United States firing their own bombs, which would have led to a lot of us not existing today.


    “000?”

    With so much money being funneled in to military research and development during the Cold War, there was a bit of a technological boom. One such tech advancement was what would now be considered primitive electronic displays at both NORAD, SAC (Strategic Air Command), and the Pentagon. One display in specific was a large and very visible set of four numbers. These numbers gave an up-to-the-minute tabulation of the number of nuclear missiles currently in the air and on their way to a target. The numbers were always safely reading 0000, as in there were no nuclear missiles soaring through the air.

    On June 3, 1980 at around 2:25 a.m., the nuclear missile counter changed. Instead of its normal 0000, it read as 0002. Seeing as this meant that there were 2 nuclear missiles that had been launched, flight crews carrying nuclear payloads were warmed up, Minutemen missile sites were primes and ready and airborne command posts were launched.

    But it was all for not. It turns out that the shiny new machinery had simply and inexplicably substituted the number “0” with the number “2,” so there weren’t actually any nukes that had been launched. Knowing that it was just a false alarm, everyone calmed down.
    But then, three days later, it happened again; the counter switched from 0 to 2 and the entire process was started up again – planes were warmed up, and missiles were aimed. Knowing that this same scenario played out just a few days prior, someone deiced to do some investigating in to just what was going on.

    It turned out that the 0 to 2 switch over was pretty far from a nuclear launch. It was really just one faulty computer chip and some faulty wiring that produced those readings.


    A Series of Misunderstood Events

    During yet another moment of high tension, in 1956 Egypt nationalized the Suez Canal. This would eventually lead to a military attack on Egypt by France, Israel and Brittan. During this time, historically known as the Suez Crisis, NORAD received word that a massive Soviet attack was currently underway.

    To NORAD, the proof was in the pudding because a series of events that all happened to be going on at the same time created the illusion of big military action.

    First, it was a Soviet fleet moving away from the Black Sea and in to the Aegean, which was a far more aggressive military stance.

    Secondly, a British bomber had just been shot down over Syria.

    Thirdly, 100 Soviet MiGs were seen flying over Syria.

    And lastly, a large fleet of unidentified aircraft was spotted flying over Turkey, which caused the Turkish air force to go on high alert.  

    This bizarre confluence of events spelled out only one thing to the folks over at NORAD: It was time for war.

    Well, it would have if each event didn’t have a very logical and simple, non-combative explanation.

    First, the Soviet fleet moving from the Black Sea to the Aegean was a part of a routine, non-war exercise.

    Second, the British bomber was not shot down, but rather, was having some mechanical problems and had to land to get them fixed.

    Third, the MiGs were a part of an escort for the President of Syria.

    And last, that large fleet of air craft over Turkey? Well, that was just a really, really big flock of Swans.

  • Twitter Trends Battle It Out Locally with GeoMeme

    Location is one of the major trends online and, in a few years time, most services will include some sort of functionality based on location information. Ever the trend setter, Twitter has jumped on the bandwagon and has implemented a geolocation API for third-party services, meaning that users can choose to send their location with their tweets and it will show up in apps which support the feature. The API hasn’t been live for that long and already people are starting to do interesting things with it, like GeoMeme which pits two trends against each other to see what the local Twittersphere has to say about it.

    “Visitors to GeoMeme choose a location on the map, and two search terms to compare. GeoMeme then measures and compares the number of matching tweets within the bounds of the map, based on public data from a number of mobile twitter apps,” the site’s creator, Bob Hitching, writes.

    Using the site is as easy as it gets. GeoMeme determines your current location and centers the map, powered by Google Maps, to where you are at the moment. You can then enter any two search terms and the site will count the number of mentions it gets in the tweets coming from the area you selected. Depending on how accurately the site can determine your location, the map starts out with just your neighborhoo… (read more)

  • Beer Review: Golden Monkey from Victory Brewing Beer Sessions

    2009-12-01-GoldenMonkey.jpgThis beer is absolutely unlike anything else we’ve ever tasted. In fact, when we first tried it a few years ago, we hated it! But now that our taste in beer has grown up a bit, we decided to give this spicy, fruity beer another shot.

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  • Niall Ferguson: Even Krugman Admits The Deficit Is Unsustainable

    niall ferguson

    Niall Ferguson is travelling from publication to publication, spreading his message of fear and the end of the US empire, unless we do something to get our debt in check.

    This time he shows up in Newsweek, in an attempt to explain how fiscal calamity will mean the end of US military might.

    You know the drill: Without growth and sound finances, our gigantic global military endeavors will come unglued, resulting in chaos.

    Even here he’s taking shots at his rival Paul Krugman. This is in the context of whether there’s enough global demand for our debt to keep on spending like we ahve.

    Could that happen? I doubt it. For one thing, the Chinese keep grumbling that they have far too many Treasuries already. For another, a significant dollar depreciation seems more probable, since the United States is in the lucky position of being able to borrow in its own currency, which it reserves the right to print in any quantity the Federal Reserve chooses.

    Now, who said the following? “My prediction is that politicians will eventually be tempted to resolve the [fiscal] crisis the way irresponsible governments usually do: by printing money, both to pay current bills and to inflate away debt. And as that temptation becomes obvious, interest rates will soar.”

    Seems pretty reasonable to me. The surprising thing is that this was none other than Paul Krugman, the high priest of Keynesianism, writing back in March 2003. A year and a half later he was comparing the U.S. deficit with Argentina’s (at a time when it was 4.5 percent of GDP). Has the economic situation really changed so drastically that now the same Krugman believes it was “deficits that saved us,” and wants to see an even larger deficit next year? Perhaps. But it might just be that the party in power has changed.

    History strongly supports the proposition that major financial crises are followed by major fiscal crises. “On average,” write Carmen Reinhart and Kenneth Rogoff in their new book, This Time Is Different, “government debt rises by 86 percent during the three years following a banking crisis.” In the wake of these debt explosions, one of two things can happen: either a default, usually when the debt is in a foreign currency, or a bout of high inflation that catches the creditors out. The history of all the great European empires is replete with such episodes. Indeed, serial default and high inflation have tended to be the surest symptoms of imperial decline.

    Stepping back, Ferguson argues we won’t be so lucky, so as to follow the Japanese model of a permanently high debt-to-GDP model. As he notes, over their multiple lost decades, the govrnment has been able to tap over-saving households and other institutions. But we’ve got no such luck. Everyone’s basically tapped except China and, well, it’s sad that that’s our only hope.

    Read the whole thing at Newsweek >>

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  • It’s Time For An Emergency Jobs Program

    paulkrugman explaining tbi

    If you’re looking for a job right now, your prospects are terrible…

    You might think, then, that doing something about the employment situation would be a top policy priority. But now that total financial collapse has been averted, all the urgency seems to have vanished from policy discussion, replaced by a strange passivity. There’s a pervasive sense in Washington that nothing more can or should be done, that we should just wait for the economic recovery to trickle down to workers.

    Keep reading at the NYT >

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