Wednesday, March 31, 2010
News Links, April 1, 2010
Tuesday, March 30, 2010
News Links, March 31, 2010
El-Erian Speaks: Economy Will Slow Dramatically In The Second Half Of 2010
Greek Seven-Year Notes Drop; Demand Wanes at 'Surprise' Auction
Greek Seven-Year Notes Drop; Demand Wanes at 'Surprise' Auction
"Nine [power] plants are operating with less than four days of coal supply, meaning that 11 percent of the national generating capacity is teetering on the edge of shutdown."
Monday, March 29, 2010
News Links, March 30, 2010
Does Moscow bombing mark the return of Russia's 'black widows'?
Russia says U.S. Aiding Afghan Drug Trade
Russia says U.S. Aiding Afghan Drug Trade
$500 billion reserve drain made crisis worse: IMF's Ferhani
Greece Pays Bond Investors 5 Times Spain Yield Spread
Greece Pays Bond Investors 5 Times Spain Yield Spread
"Provinces and municipalities have built up more than $1 trillion of off-budget liabilities."
"All the refining capacity dates back to the '60s or before."
Boomers won't have retirement like parents (Kiss retirement goodbye!)
Sunday, March 28, 2010
News Links, March 29, 2010
Incredible shrinking Japan Airlines: JAL's job cuts may expand to 20,000
"The fact remains that the nation's economic model still assumes that energy will be plentiful and cheap. The military for decades has operated under that same assumption."
"A typical Marine Corps combat brigade needs more than a half-million gallons per day."
Saturday, March 27, 2010
News Links, March 28, 2010
"Most farms are now at or approaching negative equity situations. Credit for these operations will be impossible."
"He said he believes throwing bricks through windows sends a warning to Democratic lawmakers that the health-care reform legislation they passed Sunday has caused so much unrest that it could result in a civil war."
And finally: Excess in the Final Days: New York Helicopter Commute for $200 a Day Signals Revival
Friday, March 26, 2010
New World Order Emerges on US-Mexico Border
Over a year ago I wrote, “‘Mexican influence’ in the US southwest will not be from the Mexican government… but rather from Mexican drug/warlords.” And that is becoming more so day by day. In recent news items, for example, we have Mexico drug hitmen terrorize towns on U.S. border and Mexican drug gangs ‘spread to every region of US.’ The gangs are also maintaining and expanding their power within Mexico, as in Police chief beheaded in north Mexico. They are so powerful that the Mexican military has so far had little or no success in bringing them to heel, and now the US is in talks with Mexico to provide help.
American police, meanwhile, are starting to have problems similar to those in Mexico, with a gang targeting police.
As I said here, the new world order is chaos, and we are witnessing the first stages. As cities find it increasingly difficult to maintain municipal services such as street lights, police protection, and fire departments, chaos will grow along with the power of those who step in to take advantage of it.
American police, meanwhile, are starting to have problems similar to those in Mexico, with a gang targeting police.
As I said here, the new world order is chaos, and we are witnessing the first stages. As cities find it increasingly difficult to maintain municipal services such as street lights, police protection, and fire departments, chaos will grow along with the power of those who step in to take advantage of it.
News Links, March 27, 2010
From early March, see:
"Even small motorcycles cannot get close to that level of efficiency in everyday use today."
"By 2012, [KSA] may be using 1.2 million barrels a day – more than twice current levels -- to meet its electricity needs. This increasing use of oil is occurring because the Saudis' natural gas production cannot keep up with power demand."
Thursday, March 25, 2010
News Links, March 26, 2010
"Such is the new reality for police here, where life has increasingly taken on the feel of a war zone."
Wednesday, March 24, 2010
News Links, March 25, 2010
Tuesday, March 23, 2010
News Links, March 24, 2010
"Approximately 120 countries currently have or are developing offensive cyber attack capabilities."
-- International high finance! --
"We have to put the loaded gun on the table to ensure that the markets react properly."
Afghanistan: Cell Carriers Bow to Taliban Threat
Senate to vote on improving air traffic system ($34.5 billion)
Collapse: Hard Lessons from the Soviet Union
Dow In Striking Distance Of 11,000 (but this won't be over until it sinks to at least 5,000)
And finally... Study: Last Supper paintings supersize the food
Monday, March 22, 2010
News Links, March 23, 2010
Australia needs $100 billion electricity infrastructure overhaul
"It turns out that the massive credit spreads that Greece is currently experiencing have nothing to do with CDS speculators and other scapegoats."
"There is a high probability that our integrated and globalised civilisation is on the cusp of a fast and near-term collapse."
The Net Energy of Pre-Industrial Agriculture
"It's also clear that modern biofuel EROEI's are in the same range as pre-industrial agriculture, and therefore are completely unsuited to support an industrial civilization."
Afghanistan: U.S. Turns a Blind Eye to Opium in Marja
More Ugly Housing Data (an antidote to mainstream media reports)
Sunday, March 21, 2010
News Links, March 22, 2010
Must read: German Central Bank Admits that Credit is Created Out of Thin Air
"The U.S. economy is like an out-of-control sports car in search of a tree."
Note: recall this item from a few days ago.
Canada: Experts warn of nursing shortage
How many new data centers would this require?
And finally... Sarah Palin seeks $1-million per reality-TV episode
Saturday, March 20, 2010
Fighter Planes and the Future of Technological Civilization
Here’s an item that is helpful in showing how the times are changing. According to F-35 fighter fleet’s price may be double forecast, the “bill for 2,443 F-35s is currently estimated at $278 billion to $329 billion, up from the $197 billion projected when the development program began in October 2001.” The article blames this on inflation, but there’s a need to clarify this. There is in fact a lot of deflation going on right now, so what’s going to make these fighters go up in price? In a word, energy. Each of the fighters embodies a very large amount of energy in the form of high technology. It’s the technology, not the materials themselves, which account for most of the price. There’s a lot of expertise involved in design and construction. All those engineers and skilled workers need years of education and training, which is made possible by energy. Lots of it. So when you start looking into all the inputs, there’s an impressive amount of energy expended on just one fighter. And because energy will likely become more expensive, these aircraft will likewise become more expensive.
As a corollary to this, much money has to be expended on education if we want to maintain technological expertise and keep expanding it. Yet, in countries like the US and UK, education is suffering big reductions through budget cuts, school closings, and the like. If the amount of energy spent on education declines, we can expect a corresponding decline in the general level of expertise, which will lead in turn to the decline of technological civilization.
As a corollary to this, much money has to be expended on education if we want to maintain technological expertise and keep expanding it. Yet, in countries like the US and UK, education is suffering big reductions through budget cuts, school closings, and the like. If the amount of energy spent on education declines, we can expect a corresponding decline in the general level of expertise, which will lead in turn to the decline of technological civilization.
News Links, March 21, 2010
"A minireactor will likely cost about $100 million." -- Plus cost overruns ;-)
Note: Another chapter in the saga of Pentagon takes control of intelligence from CIA.
"If PIIGS refers to nations that have overspent and are now overleveraging to pay for their deficits, the United States is feeding from the same trough."
Tea party protesters scream 'nigger' at black congressman
Urban 'terrorists' threaten to blow up police car
Urban 'terrorists' threaten to blow up police car
A Ruinous Meltdown (states' finances)
And finally... It's Not Funny! The Cost of Laughing Is on the Rise
Friday, March 19, 2010
News Links, March 20, 2010
The U.S. No Longer Controls the Price of Oil (reality check)
Medical marijuana a target for criminals (recall this item from yesterday)
Doomsday budget (Baltimore)
"The preliminary plan calls for the closure of three fire stations and the continuation of rotating closures; the elimination of the police helicopter, marine and mounted units; the end of bulk trash collection; and the closure of rec centers."
Thursday, March 18, 2010
News Links, March 19, 2010
Government borrowing in February less than expected (only £12.4bn)
"The dealership installs GPS devices that can prevent cars from starting. The system is used to repossess cars when buyers are overdue on payments."
"One-third of Detroit's residential parcels are vacant lots or empty homes."
U.S. sees more multigenerational households"The Enemy Belligerent Interrogation, Detention and Prosecution Act would empower the U.S. military to arrest anyone, U.S. citizen or otherwise, who is suspected of terrorist associations and detain them indefinitely, without right to a trial."
Decline of the Empire: When Will "Full" Employment Come Again?
Idaho's plan to downgrade the dollar
"A bill to allow citizens to pay their taxes with silver medallions gains support. Goldbugs are watching closely."
Wednesday, March 17, 2010
News Links, March 18, 2010
Latvia government collapses amid economic crisis
"The Chinese central bank's balance sheet resembles that of a hedge fund buying dollars and short-selling the yuan."
Incredible shrinking Japan Airlines: JAL not hiring this spring
"This is the end of favoring motorized transportation at the expense of non-motorized."
And finally... Oops! Would-Be Hijackers Accidentally Attack Anti-Pirate Warship
