Sighting close to the spot where 'freaked out' BBC reporter saw 'craft' From The Sun. Check out the video.
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They comin'!
They comin'!
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Friday, August 19, 2011
Japan Update, August 19, 2011
Fukushima radiation alarms doctors Al-Jazeera Found it on Godlike Productions. Excerpts:
Scientists and doctors are calling for a new national policy in Japan that mandates the testing of food, soil, water, and the air for radioactivity still being emitted from Fukushima's heavily damaged Daiichi nuclear power plant.
"How much radioactive materials have been released from the plant?" asked Dr Tatsuhiko Kodama, a professor at the Research Centre for Advanced Science and Technology and Director of the University of Tokyo's Radioisotope Centre, in a July 27 speech to the Committee of Health, Labour and Welfare at Japan's House of Representatives.
"The government and TEPCO have not reported the total amount of the released radioactivity yet," said Kodama, who believes things are far worse than even the recent detection of extremely high radiation levels at the plant.
There is widespread concern in Japan about a general lack of government monitoring for radiation, which has caused people to begin their own independent monitoring, which are also finding disturbingly high levels of radiation.
And:
Recent readings taken at the plant are alarming.
When on August 2nd readings of 10,000 millisieverts (10 sieverts) of radioactivity per hour were detected at the plant, Japan's science ministry said that level of dose is fatal to humans, and is enough radiation to kill a person within one to two weeks after the exposure.
10,000 millisieverts (mSv) is the equivalent of approximately 100,000 chest x-rays.
The operator of Japan's crippled Fukushima Daiichi nuclear power plant, Tokyo Electric Power Company (TEPCO), that took the reading, used equipment to measure radiation from a distance, and was unable to ascertain the exact level because the device's maximum reading is only 10,000 mSv.
TEPCO also detected 1,000 millisieverts (mSv) per hour in debris outside the plant, as well as finding 4,000 mSv per hour inside one of the reactor buildings.
And:
Jyunichi Tokuyama, an expert with the Iwate Prefecture Agricultural and Fisheries Department, told Al Jazeera he did not know how to deal with the crisis. He was surprised because he did not expect radioactive hot spots in his prefecture, 300km from the Fukushima nuclear plant.
"The biggest cause of this contamination is the rice straw being fed to the cows, which was highly radioactive," Tokuyama told Al Jazeera.
Kamada feels the Japanese government is acting too slowly in response to the Fukushima disaster, and that the government needs to check radiation exposure levels "in each town and village" in Fukushima prefecture.
And:
More than 11,000 tonnes of radioactive water has been released into the ocean from the stricken plant.
"Those radioactive elements bio-concentrate in the algae, then the crustaceans eat that, which are eaten by small then big fish," Caldicott said. "That's why big fish have high concentrations of radioactivity and humans are at the top of the food chain, so we get the most radiation, ultimately."
Twi from Ex-SKF..
Oops. There goes the lifting of the shipping ban for Fukushima.
So where did the cow get the dose of radioactive cesium? Air? Water? No one knows, because everyone in the government and the producers have been looking only at radioactive rice hay.
From NHK News Japanese
According to the Ministry of Health, Labor and Welfare, radioactive cesium in the amount exceeding the national provisional limit has been detected from the beef from a cow raised in Fukushima Prefecture. This meat has been stored at a meat processing facility, and according to the investigation so far the cow was never fed the radioactive rice hay. The national government was going to lift the shipping ban on meat cows in Fukushima Prefecture today (August 19) but instead has instructed the Fukushima prefectural government to continue to halt shipping for the time being and conduct further investigation.
Now that they can't blame radioactive hay, what will they do? What will those still in denial cling to? People are starting to realize this monster is much, much bigger than they wanted to believe..
This is one of those bits of information that people in Japan have been exchanging on the social media since the beginning of summer: "I don't hear cicadas this year".
A typical summer in Japan is hot and humid (except in a few lucky places like Hokkaido), and the air is filled with the "singing" of cicadas.
But this year, people report that cicadas are either extremely quiet or totally silent in large part of Japan. The exception seems to be the Kansai area, but almost everywhere else people say they don't hear cicadas, and it's been a strangely quiet summer.
It is quite possible that it's been like that every year and people have started to pay heightened and nervous attention to the nature around them after the nuclear accident.
But some people have started to post the photos of cicadas they've found this summer. No wonder they don't "sing". Again, it is quite possible that cicadas in Japan have been malformed for a long time and people have just started to notice, and it's nothing to do with radiation.
Maybe, but they're probably related.
Hiroshima to Fukushima, Finishing the Job Veterans Today via Rense. Excerpts:
What’s more: the atomic reactors spilled their burning guts into the basements and there is evidence the melted reactor cores are still “reacting” 160 days out. Shutting them down is mostly just plain impossible. The burning, radioactive gates of hell are still open wide. Breathe deep everyone. Breathe your own poisoned Fuku tainted air.
I like articles like this as they make me feel less hyperbolic. Good morning!
Thursday, August 18, 2011
Japan Update, August 18, 2011
Cracked Fukushima: Radioactive steam escapes danger zone Found it on Godlike Productions. Video from Russia Today via You Tube. Scary.
Mr. Kinoshita's blog has this bit of "rumor" from his worker at the plant
Wait, does that mean the floor of the reactor building is cracked? He doesn't say which reactor.
Fukushima I Nuke Plant Worker: No Steam Gushing From Cracks, But There Are Many 10-Plus Sieverts/Hr Locations Ex-SKF. Excerpts:
The anonymous Fukushima I Nuke Plant worker whom I featured before several times tweets on the information, yet to be substantiated, related by an independent journalist Kota Kinoshita on his blog on August 15. Mr. Kinoshita related the information only because he had heard the similar information from his government source.
What is that information? That there is steam gushing out of cracks on the ground, and that there are 6 locations that exceed 10 sieverts/hr radiation.
..
About locations that exceed 10 sieverts/hr:
In Mr. Kinoshita's blog:
[The same worker] also told [his contact] that there are 6 locations that exceed 10,000 millisievert/hr [10 sieverts/hr], unlike what TEPCO has announced.
Fukushima worker's tweet:
I think that is true. But those are the locations that have been measured. I think there are many more.
Mr. Kinoshita's blog has this bit of "rumor" from his worker at the plant
There are several cracks on the ground near the Containment Vessel, and the steam is coming out from them, not on a regular basis but sporadically.
Wait, does that mean the floor of the reactor building is cracked? He doesn't say which reactor.
And Fukushima worker has another tweet that says:
In the reactor buildings of Reactors 1, 2 and 3, there are many spots that measure even higher [than 10 sieverts/hr] and we can't go near them.
Now granted, this is speculation and hasn't been confirmed. Keeping with TEPCO's previous information dribs and drabs, we should have confirmation when the Southern Hemisphere is thoroughly contaminated three to six months from now, long after the Upcoming Event..
Oil Rising from Macondo Well: BP Hires Fleet of 40 Shrimp Boats to Lay Boom Around Deepwater Horizon Site
From The Stuart Smith Blog. British Petrolium's catastrophe: The gift that keeps on giving--and by giving, I mean destroying.. And by gift, well, I'm just being a sarcastic dick. Excerpts:
No, this isn’t a post from last year. Oil from the Macondo Well site is fouling the Gulf anew – and BP is scrambling to contain both the crude and the PR nightmare that waits in the wings. Reliable sources tell us that BP has hired 40 boats from Venice to Grand Isle to lay boom around the Deepwater Horizon site – located just 50 miles off the Louisiana coast. The fleet rushed to the scene late last week and worked through the weekend to contain what was becoming a massive slick at the site of the Macondo wellhead, which was officially “killed” back in September 2010.
The truly frightening part of this development, as reported in a previous post (see below), is the oil may be coming from cracks and fissures in the seafloor caused by the work BP did during its failed attempts to cap the runaway Macondo Well – and that type of leakage can’t be stopped, ever.
..
Fresh oil is surfacing all over the northern quadrant of the Gulf of Mexico. Reports of slicks that meander for miles and huge expanses of oil sheen that look like phantom islands are becoming common, again. Fresh oil, only slightly weathered, is washing ashore in areas hit hardest by last year’s massive spill, like Breton Island, Ship Island, the Chandeleurs and northern Barataria Bay. BP has reactivated its Vessels of Opportunity (VoO) program to handle cleanup.
..
The fifty-thousand-dollar question, of course, is where is all the new oil coming from?
One theory: The Macondo Well site, located just 40 miles off the Louisiana coast, is still leaking untold amounts of oil into the Gulf. Some argue that the casing on the capped well itself is leaking. Others believe oil is seeping through cracks and fissures in the seafloor caused by months of high-impact work on the site, including a range of recovery activities (some disclosed, some not) as well as the abortive “top kill” effort.
In January 2011, a prominent “geohazards specialist” wrote an urgent letter to two members of Congress.. suggesting that the Macondo site is leaking oil like a sieve. Here’s an excerpt from that letter (see it in its entirety at link below):
There is no question that the oil seepages, gas columns, fissures and blowout craters in the seafloor around the Macondo wellhead… have been the direct result of indiscriminate drilling, grouting, injection of dispersant and other undisclosed recover activities. As the rogue well had not been successfully cemented and plugged at the base of the well by the relief wells, unknown quantities of hydrocarbons are still leaking out from the reservoir at high pressure and are seeping through multiple fault lines to the seabed. It is not possible to cap this oil leakage.
BK Lim, the letter’s author, has more than 30 years of experience working inside the oil and gas industry for companies like Shell, Petronas and Pearl Oil.
More from Mr. Lim’s letter:
The continuing hydrocarbon seepage would have long term, irreversible and potentially dire consequences in the GOM (Gulf of Mexico)…
The letter is dated Jan. 14, 2011 – and we’ve been seeing more and more evidence that the scenario Mr. Lim describes is indeed taking place deep below the Gulf’s surface.
There's more, but you get it.. Ahh, the Good Old Days of 2010, where all we had to worry about was a massive environmental tragedy, lackadaisical corporate response and responsibility, and invisible government intervention/action.
It's good to see that we as a planet learned from our mistakes and everything turned out all right.
Monday, August 15, 2011
Possible Republican On Republican Vote Fraud? Won't Somebody Think Of The Children?
Bachmann Rigged Iowa Poll by Buying "At Least" 4000 Votes If this is indicative of the upcoming 2012 nomination process, hang on! The ride's gonna be fantastic, and really funny! From Domas Jefferson. Excerpts:
Bachmann, who finished with 4823 votes, narrowly beat second-place finisher Congressman Ron Paul who collected 4671 votes.
The Ames poll, although important because of the early significance of Iowa in the primaries, is nonbinding and unscientific.
AFP reported that "It has been criticized as playing too heavily in favor of candidates that are well financed, since their campaigns can buy the $30 tickets for their supporters to attend and presumably vote in their favor."
The Ames event was considered to be a Republican fundraiser, yet Bachmann's campaign bought and "handed out at least 4,000 free tickets to supporters."
Therefore, Bachmann appears to have rigged the vote at a minimum direct cost of $120,000 to her campaign. (The problem with this statement is there is no information comparing ticket purchases of other campaigns to Bachmann's. I would field a guess, though, as to Ron Paul's supporters buying most, if not all their own tickets, without help from Paul's campaign. But I don't know that for sure, as there is no information supporting my theory, or to the contrary, either..)
Another anomaly with the vote surfaced this morning when it was discovered that 218 votes went unaccounted for. In other words, these votes were in the overall tally but not registered to any of the candidates.
One would think the media would attempt to uncover the discrepancy given the razor thin 152-vote margin between Bachmann and Paul. However, so far, they've been content to call her the "queen" of the event.
Bonus: When you click the link and read the whole article at the site, feast your eyes on what might be the funniest political photo I've ever seen. As long as Bachmann is in, we'll be getting these wonderful Kodak Moments, probably daily! Bachmann deserves hilarity-based scorn not because she is a woman or a Tea Partier. She is laughable because she is a clown and aggressively talky. She can't help herself, and people can't help laughing.
The Republican Party could forever be written off as Criminally Insane, save for Ames' second choice(and possible/probable winner), Ron Paul. The MSM narrative is "Ron Paul always wins straw polls, but can't win an election." That was 2008, 2009, and 2010. 2011/12 might be different, as this could be the cycle where people realize Paul was right much more than he was wrong, and much more right than anyone else running in either 2008 or 2012.
He is thoughtful, articulate, and honorable. He is in no way a clown. And, for the moment, he's second right out of the gate. Hopefully, his message can be heard over the bleating and tomfoolery of the Bachmann ass clown posse. We'll see, but I think it's gonna be a great trip down!
Saturday, August 13, 2011
Top ten myths about introverts
Myth #2 – Introverts are shy.
Shyness has nothing to do with being an Introvert. Introverts are not necessarily afraid of people. What they need is a reason to interact. They don’t interact for the sake of interacting. If you want to talk to an Introvert, just start talking. Don’t worry about being polite.
Myth #5 – Introverts don’t like to go out in public.
Nonsense. Introverts just don’t like to go out in public FOR AS LONG. They also like to avoid the complications that are involved in public activities. They take in data and experiences very quickly, and as a result, don’t need to be there for long to “get it.” They’re ready to go home, recharge, and process it all. In fact, recharging is absolutely crucial for Introverts.
Myth #6 – Introverts always want to be alone.
Introverts are perfectly comfortable with their own thoughts. They think a lot. They daydream. They like to have problems to work on, puzzles to solve. But they can also get incredibly lonely if they don’t have anyone to share their discoveries with. They crave an authentic and sincere connection with ONE PERSON at a time.
Myth #8 – Introverts are aloof nerds.
Introverts are people who primarily look inward, paying close attention to their thoughts and emotions. It’s not that they are incapable of paying attention to what is going on around them, it’s just that their inner world is much more stimulating and rewarding to them.
Myth #9 – Introverts don’t know how to relax and have fun.
Introverts typically relax at home or in nature, not in busy public places. Introverts are not thrill seekers and adrenaline junkies. If there is too much talking and noise going on, they shut down. Their brains are too sensitive to the neurotransmitter called Dopamine. Introverts and Extroverts have different dominant neuro-pathways. Just look it up.
Good list. Check it out in its entirety.
Friday, August 12, 2011
Japan Update, August 12, 2011
Clusterfukushima Washington's Blog. Excerpts:
Arnie Gundersen notes that there are currently lethal radiation levels at Fukushima, that even higher measurements are to still come, and that the nuclear core has leaked out and is on floor like a pancake working its way down.
And nuclear regulators only thought about worst case scenarios only involving a single nuclear plant. They totally ignored the fact that power loss to complexes of nuclear reactors - like the cluster of 6 reactors at Fukushima - could lead to multiple simultaneous meltdowns.
And then there's a cluster of cover ups.
As the New York Times reports:
In interviews and public statements, some current and former government officials have admitted that Japanese authorities engaged in a pattern of withholding damaging information and denying facts of the nuclear disaster — in order, some of them said, to limit the size of costly and disruptive evacuations in land-scarce Japan and to avoid public questioning of the politically powerful nuclear industry. As the nuclear plant continues to release radiation, some of which has slipped into the nation’s food supply, public anger is growing at what many here see as an official campaign to play down the scope of the accident and the potential health risks.And:
Meltdowns at three of Fukushima Daiichi’s six reactors went officially unacknowledged for months. In one of the most damning admissions, nuclear regulators said in early June that inspectors had found tellurium 132, which experts call telltale evidence of reactor meltdowns, a day after the tsunami — but did not tell the public for nearly three months. For months after the disaster, the government flip-flopped on the level of radiation permissible on school grounds, causing continuing confusion and anguish about the safety of schoolchildren here in Fukushima.And:
The timing of many admissions ... suggested to critics that Japan’s nuclear establishment was coming clean only because it could no longer hide the scope of the accident.
Japan government prepares plan to flee Tokyo ABC News (Australia) via Rense. Excerpts:
Japan is considering the possibility of creating a back-up capital city in case a major natural disaster, like the March 11 earthquake, strikes Tokyo.
A new panel from Japan's Ministry of Land and Infrastructure will consider the possibility of moving some of Tokyo's capital functions to another big city, like Osaka.
Osaka it is, then.
Radioactive Beef Consumed in School Lunches in 296 Schools in 12 Prefectures in Japan Ex-SKF. Excerpts:
According to the ministry, as of August 9, the meat from the cows that may have eaten radioactive rice hay was used in school lunches in 278 elementary schools, junior high schools, high schools, and special education schools, and 18 kindergartens, in 20 cities and towns in Japan. 127 schools in Yokohama City used it, so did 53 schools and kindergartens in Gifu City [in Gifu Prefecture], and 30 schools and kindergartens in 4 cities in Miyagi Prefecture. The schools are mostly located in eastern Japan, but 40 schools in 4 cities in Mie, Shimane, Kagawa Prefectures also used the meat.
30 schools were able to test the remaining meat, and radioactive materials were detected at 8 schools. Of the 8 schools, two schools - a special education school for students with disabilities in Miyagi Prefecture and an elementary school in Chiba, had the meat that exceeded the provisional safety limit (500 becquerels/kg of radioactive cesium), testing 1,293 to 649 becquerels/kg. The municipalities say the amount of contaminated beef per person is small, and it won't affect the health.
Japan's Foreign Minister: Stop Claiming Food is Safe Japan Times via Before It's News. Excerpts:
Foreign Minister Takeaki Matsumoto has committed an about-face on policy by telling his ministry to refrain from vouching for the safety of Japanese food.
The ministry stance changed after radiation-tainted beef was found to have been sold to consumers nationwide, sources said.
The contaminated meat is coming from cattle that were fed rice straw contaminated with cesium isotopes ejected by the disaster-crippled Fukushima No. 1 nuclear power plant.
Japanese Utilities Select Nuclear Power As Energy Of Future - Questions About The Integrity Of Japanese Officials - Safety is important but the advancement of nuclear power must not be slowed Lucas Whitfield Hixson. Comprehensive.
Strong 5.9 quake jolts Japan disaster zone Raw Story. Excerpts:
A 5.9-magnitude earthquake shook northeast Japan Friday, jolting the area devastated by a quake and tsunami in March, but there were no immediate reports of damage or casualties and no tsunami warning.
The quake hit at 3:22 am (1822 GMT Thursday) at a depth of 38 kilometres (24 miles), with its epicentre 18 kilometres from Iwaki city in Fukushima prefecture, the United States Geological Survey said.
..
Tokyo Electric Power Company, operator of the crippled plant, said it had noticed no additional problems resulting from the latest quake, which also shook buildings in Tokyo.
Study says nuclear fuel at Fukushima reactor possibly melted twice Mainichi Daily News. Excerpts:
Fuel inside one of the reactors at the crippled nuclear complex in Fukushima Prefecture, which was believed to have been kept cool at the bottom of the pressure vessel after its core suffered a meltdown, has possibly breached the vessel after melting again at the bottom of the vessel, an expert's study showed Monday.
The study by Fumiya Tanabe, an expert in nuclear safety, said most of the fuel at the No. 3 reactor may have fallen into the containment vessel underneath, and if so, the current method used to cool the reactor would need reviewing, which could force the plant operator to revise its schedule to contain the five-month-old disaster. (My how time flies when you're doomed!)
The plant operator, Tokyo Electric Power Co. earlier said the Nos. 1 to 3 reactors' cores are assumed to have suffered meltdowns, although the melted fuel is believed to be kept cool and solidified at the bottom of each reactor pressure vessel after water was injected into the vessel as an emergency measure.
Romney to angry fairgoers: ‘Corporations are people, my friend’
After watching this video(From Raw Story), I think this event is quite possibly The Beginning Of The End for Romney's whole campaign. Short term, he did keep talking and succeeded in talking over some protesters, but he looked like the Say Anything Shape Shifting Politically Entitled Shill he has been and always will be. I guess he assumes that by saying the money goes back into human hands, we will be awed and forget that that money won't be taxed at all, benefiting from corporate tax shelters in off shore banks. Or that his actions as governor mirror that of Obama in Health Care Reform and Budget. Or that the whole financial system is structured to favor wealth retention by the Super Rich.
He thinks everyone forgot those things, or never knew them in the first place. (He did look a little shocked to actually be heckled.. In Iowa, of all places!)
He's the "Front Runner." Does he not realize the early Front Runner almost never gets the nomination? Does he not realize he looks exactly like the Mouthpiece For The Rich that he is? For Romney, this event will play a part as to why he won't get the nomination.
There will probably be no more uncontrolled press events for Mitt.. But the damage has been done. It's on You Tube! His campaign won't fold anytime soon; What I'm saying is, when doing a backward analysis on Romney's 2012 Presidential campaign that sputtered out and died waay before the convention, this event will be highlighted as contributing to, or the actual Tipping Point downward for Romney's aspirations.
"Corporations are people, my friend" is a quote for the political ages. It is too honest an admission, and that gaffe cannot be undone. Later in life, it'll be the phrase Mitt Romney hears just around every corner, just before rounding every corner, walkin' the halls, probably muttering, forever a Coulda Been. The lies have faded. The truth remains. And Mitt continues to walk..
Thursday, August 11, 2011
It Came From(Or Relates To) Outer Space..
A Pair from Robert Wilkinson's Aquarius Papers:
It's a good time for doing things left undone, or neglected, from previous times. It's good for resuming something from the past, as long as you remember that it may not look like it used to, or requires a different approach than before. It's also good for doing things that fill in gaps in understanding or activity, or for doing things that seem to go in one direction but lead you to entirely new information and understanding.
Calling it a “once in a lifetime super solar storm event,” NASA warns that killer solar flares can slam the Earth knocking out the Northern Hemisphere’s technological infrastructure and kicking everything back to the level of the late 1800s.
Our entire solar system is entering an immense, deadly, interstellar energy cloud.
There are many things that a Mercury retrograde period is good for, such as traveling. I have found that as long as one is flexible, retrograde travel is actually a good thing. Also favored are research, reflection, review, rehearsals, and returns from the past.
It's a perfect time for reconnecting with old friends, and finding people and things thought lost. It's also the best time to explore alternative possibilities around projects, potential futures, or assumed methods, as long as no definitive decisions are made, since they are usually modified or reversed later on.
... remember that 30 Aquarius and 1 Pisces is the exact point of "the cusp of the Age," where our past 2000 year Age of Pisces will soon give way to the coming 2000 year Age of Aquarius.
This long wave "sea change" will shift collective consciousness away from the materialism of Neptune in Capricorn and the electronic village of Neptune in Aquarius, and offer us all a constant ability to feel our common humanity, and choose the way of compassion or the way of isolation, the way of interrelatedness or the way of drifting into the unknown. This will open all of us to a greater feeling experience, even if there are few if any words to describe it with any precision.
That's nice, right?
Comet Elenin Is Not Alone. That's because Comet Elenin can't stand to be alone. But that's Comet Elenin's issue..
Russia Reports Exploding Afghan “Time Well” Killed Elite US Navy Seals What Does It Mean? True, false, or fantastical, the Sisters' posts are always entertaining, compelling, or a little scary, depending on how much you believe.
We were lucky this was a miss.. Giant X6.9 Solar Flare To Miss Earth, Satellite Video
NASA Hiding Approaching Doomsday Space Event Elite Illuminati New World Order Templar Freemason Exposure Blog. Yeah, that's right: He went there.. Excerpts:
NASA and the European Space Agency have been warning the world for two years about the approaching catastrophes that may unfold during late 2011 through 2012.
Few have been listening.
Russia too has voiced concern. And now the eminent astrophysicist, Alexey Demetriev ["PLANETOPHYSICAL STATE OF THE EARTH AND LIFE"] claims what is happening is worse—much worse—than what NASA and the ESA have admitted:
Our entire solar system is entering an immense, deadly, interstellar energy cloud.
The unknown, alien Photon Belt
Wednesday, August 10, 2011
Why is England burning?
Americablog has some good background, including:
Embattled police struggled to contain a third night of riots, looting and arson as David Cameron cut short his holiday to chair a session of Cobra, the emergency co-ordination committee, scheduled for this morning.
As darkness drew in last night violence broke out in so many parts of London that it began to read like an A to Z of the capital. Peckham, Ladbroke Grove, Ealing, Catford, Chalk Farm, East Dulwich, Bethnal Green, Lewisham, Clapham and Croydon – where one person was shot and wounded – were all affected. In Hackney police fought for much of the day with rioters who hurled shopping trolleys, bins and pieces of concrete at officers, and set fire to vehicles.
And:
Didn't David Cameron looked pissed off having been dragged back to gritty, sweltering, seething, burning London from his lovely £10,000/week 18th Century Tuscan holiday villa near Montevarchi!
His answer to the rioters who have spread from Tottenham to almost every corner of London and up to Birmingham and Liverpool is one dimensional: he's going to go all Bashar al-Assad on them. Tonight the police on the streets of London will increase from 6,000 to 16,000.
And:
But the conflagration that followed, there and beyond, has much more to do with a breakdown of social cohesion in the U.K. There's a hopelessness brought on by Cameron's enthusiastic buy-in to world capital's insistence on an Austerity Regime. Cameron was the first major embrace or of the concept, a concept that the GOP feels will serve their nefarious purposes here in the U.S. as well, regardless of how disastrously it has failed-- in every way-- in the U.K.
Washington's Blog has more:
While most mainstream news outlets are blaming the British riots on random thuggery, they are really an outgrowth of bad economic conditions and governments' poor response to the financial crisis.
As I've noted for years, raging inequality and policies which help the big boys at the expense of the "little people" are causing unrest - not just in Egypt - but worldwide.
London and UK riots: live The Telegraph UK.
Technology is having a distinct impact on today's modern rioters..
Monday, August 8, 2011
Global Economic Collapse: Omens and Intrigues..
A Guide to: Black Monday? Urban Survival puts the pieces together..
NYSE Announces Third-Quarter 2011 Circuit-Breaker Levels NYSE via Godlike Productions. Excerpts:
The New York Stock Exchange will implement new circuit-breaker collar trigger levels for third-quarter 2011 effective Friday, July 1, 2011.
Circuit-breaker points represent the thresholds at which trading is halted marketwide for single-day declines in the Dow Jones Industrial Average (DJIA). Circuit-breaker levels are set quarterly as 10, 20 and 30 percent of the DJIA average closing values of the previous month, rounded to the nearest 50 points.
Level 1 Halt
A 1,200-point drop in the DJIA before 2 p.m. will halt trading for one hour; for 30 minutes if between 2 p.m. and 2:30 p.m.; and have no effect if at 2:30 p.m. or later unless there is a level 2 halt.
A 2,400-point drop in the DJIA before 1:00 p.m. will halt trading for two hours; for one hour if between 1:00 p.m. and 2:00 p.m.; and for the remainder of the day if at 2:00 p.m. or later.
Level 3 Halt
A 3,650-point drop will halt trading for the remainder of the day regardless of when the decline occurs.
Gulp..
Police raid Milan offices of Moody's and Standard & Poor's Guardian UK. Excerpts:
Carlo Maria Capistro – chief prosecutor of Trani, a small Adriatic port – told Reuters that his office was checking to see whether the rating agencies "respect regulations as they carry out their work". The raids took place on Wednesday as Italy's prime minister, Silvio Berlusconi, addressed parliament on the mounting crisis.
He and other leading Italian politicians often cite speculation as a cause of market storms that involve a run on the country's shares or bonds. And the media habitually depicts sell-offs as attacks on Italy.
S&P, which along with other rating agencies has been strongly criticised in Europe for downgrading countries such as Greece, said in a statement it believed the Trani inquiry "has no foundation". It added: "We shall strenuously defend our work, our reputation and that of our analysts."
The masses are really gonna go manshit when they figure out they're all guilty..
S&P head: Agency may downgrade U.S. again Raw Story. Excerpts:
The head of Standard & Poor's sovereign ratings said Sunday that the agency may downgrade the U.S. again.
While explaining what the U.S. could do to get its AAA rating back, the S&P official mentioned entitlement cuts but ignored the agency's call to raise revenues.
"Does any compromise have to have entitlement reform and revenue increases to be credible?" Wallace wondered.
Omen Alert: Dollar to Be 'Discarded' by World: China Rating Agency CNBC. Uhhh Huhh. Excerpts:
The man who leads one of China’s top rating agencies says the greenback’s status as the world’s reserve currency is set to wane as the world’s most powerful policy makers convene to examine the implication of S&P’s decision to strip the United States of its triple “A” rating.
In comments emailed to CNBC, Guan Jianzhong, chairman of Dagong Global Credit Rating, said the currency is “gradually discarded by the world,” and the “process will be irreversible.”
Dagong made headlines last week when it became the first rating agency to cut its U.S. credit rating from “A+” to “A” after policymakers in Washington failed to act in a timely manner to lift its debt celing.
However, the announcement failed to register in the markets as investors have yet to decide whether to take the Beijing-based company seriously.
..
But Guan’s observation—made just before S&P slashed its ratings on the world’s biggest economy—now seems strangely prescient.
Happy Monday, everyone. Here's The Happy Mondays...
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