The countdown to armadebtdon carries on and we are just 3 days away from the debt ceiling deadline. If a discussion is not reached will the US lose its AAA rating? The problem is we are not taking in enough revenue to continue spending like we are. Max Keiser of Keiser Report gives us his insight on what that means to the US.
The science behind the anthropogenic global warming theory appears to be falling apart with each new scientific study. Global warming, now often referred to as “climate change,” is still reported as fact in every establishment publication despite increasing evidence to the contrary. It’s difficult to argue that the climate is not shifting in some noticeable way, yet recent reports clearly show that the science is not as settled as some global warming advocates would suggest.
In fact, since the Climategate scandal broke, where top climate scientists were caught manipulating data to fit the theory, polls have shown the number of global warming believers has plummeted to new lows. Notably, this has occurred while every major media outlet has promoted the theory as environmental law. The record number of skeptics has inspired Al Gore to create a new climate re-education project where he claims “The climate crisis is real and we know how to solve it.”
Even though Gore claims to know how to solve an unproven theory, the proposed solutions to global warming are now drawing scathing criticism from some world leaders like Czech President Vaclav Klaus. Klaus, an economist who lived through the rise and fall of communism, recently said that the climate change movement is a threat to democracy.
“I consider (the global warming doctrine) a new dangerous attempt to control and mastermind my life and our lives, in the name of controlling the climate or temperature,” Klaus said to an audience of the Australian-based think-tank Institute of Public Affairs. Klaus also exposed phony environmentalists, “They don’t care about resources or poverty or pollution. They hate us, the humans. They consider us dangerous and sinful creatures who must be controlled by them.”
Rhetoric aside, the science now pouring in appears to further debunk the anthropogenic global warming theory. Here are four recent developments that damage the theory:
1. A biologist who claimed that polar bears were drowning because of melting ice has been suspended and is being investigated for scientific misconduct following his “veracity” in emotionalizing a debunked topic. Get ready for Polarbeargate.
2. Today, new NASA data blows a gaping hole in global warming alarmism: “NASA satellite data from the years 2000 through 2011 show the Earth’s atmosphere is allowing far more heat to be released into space than alarmist computer models have predicted, reports a new study in the peer-reviewed science journal Remote Sensing.”
3. CERN physicists conducted a cosmic ray climate experiment that is said to directly contradict the climate change debate in the political arena. Apparently, so much so that the scientists have been gagged from discussing their findings reportedly proving that cosmic (space-based) energy has a far greater effect on the climate than previously believed.
4. A recent study published in the Proceedings of the National Academy of Science found evidence that coal burning plants may actually be cooling the planet. The findings have been accepted to the point of suggesting using sulfur to combat global warming; “Sulfur’s ability to cool things down has led some to suggest using it in a geo-engineering feat to cool the planet.” If anything, this study proves that the science behind the anthropogenic global warming theory is unproven.
The stakes are incredibly high in the climate change debate, and global solutions are being offered to us by some less-than reputable leaders, including the international banking cartel. We should remain skeptical and continue to gather more evidence, or the proposed solutions for the climate might lead to other changes that we could live to regret.
When Deutsche Bank’s Joey perma-LaWronga finally gives up on his call that has been wrong for about 3 years now, it may be time to i) panic or ii) buy everything with three hands (thank you Fukushima). We are leaning to the former, especially after the upcoming downgrade forces the Fed to launch QE3 in about a month.
From Joseph LaVorgna, Deutsche Bank
Growth recession confirmed; H2 dims; waiting to see jobs
Commentary for Monday: Previously, we highlighted the possibility that the economy was on the brink of a growth recession—a sustained period of below trend growth typically accompanied by rising unemployment. The disappointing Q2 GDP results and downward revisions to the prior three quarters lead us to believe that this indeed is the case. Real GDP in Q2 rose just 1.3%, as personal consumption virtually stalled (+0.1% vs. +2.1% previously). The prior quarters were revised as follows: Q3 2010 (2.5% vs. 2.6% as previously reported), Q4 2010 (2.3% vs. 3.1%) and Q1 2011 (0.4% vs. 1.9%). In light of the softer first half performance of just +0.8% AR, we are making adjustments to our outlook for the second half. We are lowering our estimate of Q3 GDP by a full percentage point to 2.5%; and we are reducing Q4 from 4.3% to 3.0%. These estimates will be subject to further revision pending a couple of near term developments, namely the resolution of the debt ceiling impasse and the outcome of the July employment report. (Although the coming week’s data on ISM manufacturing, construction spending and motor vehicle sales will also be important gauges of activity.) Hence, we are likely to make additional adjustments—potentially sizeable ones—in the relatively near term. For example, if financial conditions tighten significantly in response to a sovereign ratings downgrade or there is a Federal government shutdown, we would make more drastic cuts to growth. We estimate that a 2-3 week shutdown could subtract 1.5% from Q3 GDP growth. A lengthier shutdown could have a significantly more deleterious effect, although we continue to believe that this will not be the case.
Turkey said on Friday its top four military chiefs were all seeking retirement, in moves that appeared to reflect a deep rift between the secularist military and a government with roots in political Islam.
State-run Anatolian news agency said the head of the armed forces General Isik Kosaner and the commanders of the ground, naval and air forces were all stepping down, in what some Turkish media initially described as resignations.
The reason for the generals’ move was not immediately clear, but tensions between the military and the government of Prime Minister Tayyip Erdogan have run high in recent years.
CHICAGO (AP) — Among the wildflowers and native grasses in the garden atop Chicago’s City Hall stand two beehives where more than 100,000 bees come and go in patterns more graceful, but just as busy, as the traffic on the street 11 stories below.
The bees are storing honey that will sustain them through the bitter winter and be sold in a gift shop just blocks away.
“Already this season, one hive has produced 200 pounds of surplus honey, which is really a huge amount of honey,” said beekeeper Michael Thompson after checking the hives one July morning. “The state average is 40 pounds of surplus honey per hive.”
The Chicago bees’ success could be due to the city’s abundant and mostly pesticide-free flowers. Many bee experts believe city bees have a leg up on country bees these days because of a longer nectar flow, with people planting flowers that bloom from spring to fall, and organic gardening practices. Not to mention the urban residents who are building hives at a brisk pace.
Beekeeping is thriving in cities across the nation, driven by young hobbyists and green entrepreneurs. Honey from city hives makes its way into swanky restaurant kitchens and behind the bar, where it’s mixed into cocktails or stars as an ingredient in honey wine.
Membership in beekeeping clubs is skewing younger and growing. The White House garden has beehives. The city of Chicago’s hives — nine in all, on rooftops and other government property — are just part of the boom.
“I’ve seen hives set up on balconies and in very, very small backyards,” said Russell Bates, a TV commercial director and co-founder of Backwards Beekeepers, a 3-year-old group that draws up to 100 mostly newcomers to its monthly meetings in Los Angeles.
The group is “backwards” because its members rely on natural, non-chemical beekeeping practices. All their hives are populated by local bees they’ve captured — or “rescued” as the group’s members like to say — from places they’re not wanted.
Have been meaning to write about this, but I’m increasingly amazed at the overall lack of an uproar about the possibility of the government approving another corporate tax repatriation holiday.
I’ve been in and out of DC a few times in recent weeks and one thing I keep hearing is that there is a growing, and real, possibility that a second “one-time tax holiday” will be approved for corporations as part of whatever sordid deal emerges from the debt-ceiling negotiations.
I passed it off as a bad joke when I first saw news of this a few weeks ago, when it was reported that Wall Street whipping boy Chuck Schumer was seriously considering the idea. Then I read later on that other Senators were jumping on the bandwagon, including North Carolina’s Kay Hagan.
A volcano that will devastate the Seattle area is foretold is an ancient prophecy from Washington State’s Puyallup tribe, which says, “The time will come when Little Sister will speak, and Grandfather will answer. And the land will be swept clean to the ocean.” Sun Bear explained that Donald Matheson, a leader of the Puyallup tribe, moved his people to Idaho in 1979 because he believed it was time for this prophecy to be fulfilled. In March 1980, the mountain that we call little sister began to whisper. May 18th of 1980, the Little Sister spoke with a cubic mile of mountain that was spread over the northwest area, and many other parts of the world… “The Little Sister is called Mount St. Helens. Soon, the Grandfather is going to answer so much bigger. That one is called Mt. Rainier.” Indian prophecies also foretold worldwide environmental catastrophes such as the greenhouse effect, “changes in the seasons and in the weather, disappearance of wildlife, famine,” and the ozone hole, which was referred to as a “hole in our lodging.”
The government ordered a complete ban Thursday on all shipments of beef cattle from Miyagi Prefecture after detecting radioactive cesium above the government limit in some local cattle.
The government is also considering placing a similar ban on beef cattle from Iwate Prefecture, where five cattle from Ichinoseki and Fujisawa have already been found contaminated with radioactive cesium exceeding the limit of 500 becquerels per kilogram.
That decision is expected to come next week, sources said.
Of 10 nuclear power plant workers who have developed cancer and received workers’ compensation in the past, nine had been exposed to less than 100 millisieverts of radiation, it has been learned.
The revelation comes amid reports that a number of workers battling the crisis at the Fukushima No. 1 Nuclear Power Plant were found to have been exposed to more than the emergency limit of 250 millisieverts, which was raised from the previous limit of 100 millisieverts in March.
According to Health, Labor and Welfare Ministry statistics, of the 10 nuclear power plant workers, six had leukemia, two multiple myeloma and another two lymphatic malignancy. Only one had been exposed to 129.8 millisieverts but the remaining nine were less than 100 millisieverts, including one who had been exposed to about 5 millisieverts.
Nobuyuki Shimahashi, a worker at the Hamaoka Nuclear Power Plant, where operations were recently suspended by Chubu Electric Power Co., died of leukemia in 1991 at age 29. His 74-year-old mother Michiko remembers her son dropping from 80 kilograms to 50 kilograms and his gums bleeding.
Shimahashi was in charge of maintaining and checking measuring instruments inside the nuclear power plant as a subcontract employee. He had 50.63 millisieverts of radiation exposure over a period of eight years and 10 months.
Radiation can damage human cells and DNA, with prolonged exposure causing leukemia and other forms of cancer, according to the World Nuclear Association. Children are more susceptible as their cells grow at a faster rate.
“It’s all invisible. The trees are still trees, people are shopping, the birds are singing and dogs are walking in the street,” said Chris Busby, a visiting professor at the University of Ulster’s school of biomedical sciences, who visited Fukushima prefecture last week to provide information on health risks. “When you bring out the (Geiger) machines, you can see everything is sparkling and everyone is being bitten by invisible snakes that will eventually kill them.”
The Ministry of Defence is to axe a further 7,000 civilian jobs as part of the department’s desperate efforts to bring its soaring budget under control, the Guardian has learned.
A letter signed by the permanent secretary, Ursula Brennan, will be sent to all staff explaining that cuts are necessary and conceding that the move “will raise questions which cannot be answered immediately”.
The decision has infuriated union leaders and defence officials who say they were not consulted. They accused the department of acting in a cavalier fashion without thinking through the consequences.
The move means the defence civil service, which is responsible for scrutinising contracts to ensure they do not run over budget, will have been cut by a third within nine years.
Last week, the defence secretary, Liam Fox, outlined proposals to cut a further 7,000 military jobs from the army between 2015 and 2020. His statement to the Commons made no reference to civilian posts at the MoD, which are already being cut as part of last year’s strategic defence and security review (SDSR).
The review outlined plans to get rid of 25,000 civil servants between now and 2015, and the fresh announcement, which could come on Friday, will add a further 7,000 to that total by 2020.
The Office of the US Trade Representative, USTR, has refused an investigation into Israel’s theft and use of classified US industrial data.
In May, the Institute for Research Middle Eastern Policy, IRmep, submitted a 62-page petition to the USTR, seeking $4.6 billion in damages from Israel over theft of classified trade data, Business Wire reported.
The operator of the Fukushima Daiichi nuclear power plant says it will extract air from troubled reactors at the plant to measure the amount of radioactive substances. The work is part of efforts to curb the amount of radioactivity released into the atmosphere.
Up to around one billion becquerels of radioactive substances are believed to be released every hour from reactors No.1, 2 and 3. It is not known how accurate this figure is because it was worked out by taking readings of the air on the plant’s premises.
Tokyo Electric Power Company plans to extract air inside the containment vessels of the reactors through pipes. The extracted air will be analyzed by a device set up on the first floor of the reactor buildings.
The operation is intended to obtain accurate data on what kind of radioactive substances are being released and in what quantity.
The air extraction is expected to begin later on Friday for the No.1 reactor and in early August for the No.2 unit. No plans have been decided for the No.3 reactor due to high radiation levels in part of its building.
TEPCO hopes the findings may also help the company grasp the extent of leakage of nuclear fuels into the containment vessels.
Under the second phase of its plan to stabilize the plant, TEPCO aims to minimize the release of nuclear materials and bring the reactors to a stable state called a cold shutdown over the next 6 months.
Who do these clowns (TEPCO, Japan government and MSM) think they are?
TEPCO says they are planning a “cold shutdown” of the Fukushima Dai-ichi nuclear plants in 6 to 9 months.
“Cold shutdown” means the reactor cores – and the used fuel pools – decrease in temperature through 100 degrees C and continue to go down after a couple of days without additional cooling. If that doesn’t happen within 48 hours, it isn’t going to. E-V-E-R. The reactors are still ‘in service’ – which means the fuel is still reacting. It hasn’t happened at Fukushima and it never will.
While officials from the Obama Administration raised their rhetoric over the weekend about the possibility of a debt default if the debt ceiling isn’t raised, they privately have been telling top executives at major U.S. banks that such an event won’t happen, FOX Business has learned.
In a series of phone calls, administration officials have told bankers that the administration will not allow a default to happen even if the debt cap isn’t raised by the August 2 date Treasury Secretary Tim Geithner says the government will run out of money to pay all its bills, including obligations to bond holders. Geithner made the rounds on the Sunday talk shows saying a default is imminent if the debt ceiling isn’t raised, and President Obama issued a similar warning during a Friday press conference after budget negotiations with House Republicans broke down.
The U.S. Treasury Department met with bond dealers in New York to discuss next month’s quarterly auctions of notes and bonds and the debt ceiling.
The Treasury canceled its regularly scheduled individual meetings with bond dealers in favor of the group meeting, the department said in a statement today. All 20 primary dealers were invited.
The government is inching closer to running out of cash before an Aug. 2 deadline to raise the $14.3 trillion debt ceiling. House Republican leaders scrapped a vote on the debt ceiling bill late yesterday, fueling concern a compromise by the two parties won’t be reached before the deadline and casting doubt on whether the Treasury can sell more debt.
Professor Tatsuhiko Kodama is the head of the Radioisotope Center at the University of Tokyo. On July 27, he appeared as a witness to give testimony to the Committee on Welfare and Labor in Japan’s Lower House in the Diet.
Remember Professor Kosako, also from the University of Tokyo, who resigned in protest as special advisor to the prime minister over the 20 millisievert/year radiation limit for school children? There are more gutsy researchers at Todai (Tokyo University) – the supreme school for the “establishment” – than I thought. Professor Kodama literally shouted at the politicians in the committee, “What the hell are you doing?”
He was of course referring to the pathetic response by the national government in dealing with the nuclear crisis, particularly when it comes to protecting children.
Even if you don’t understand the language, take a look and listen. He sounds sincere, and his voice is literally shaking with anger.
Aside from his anger, he also gave some very interesting and disturbing information, which I try to summarize below:
He starts out with the radiation fallout in Tokyo:
“We detected 5 microsieverts/hour radiation in Tokai-mura in Ibaraki Prefecture about 9AM on March 15, and notified the Ministry of Education and Science as the “Article 10 notification” [as specified in the Nuclear Disaster Countermeasures Law]. Later, the radiation exceeding 0.5 microsievert/hour was detected in Tokyo. Then on March 22 it rained in Tokyo, and with the rain came 0.2 microsievert/hour radiation, and this I believe is the reason for the elevated radiation level to this day.
“Chief Cabinet Secretary Edano said at that time, “There is no immediate effect on health”. I actually thought this was going to be a big, big problem.”
It was indeed in the news that 5 microsieverts/hour radiation was detected at Tokai-mura in Ibaraki Prefecture on March 15 morning, but hardly anyone, other than nuclear experts like him, connected that news with the elevated radiation level in Tokyo. The residents of Tokyo didn’t even know about it. What happened in the morning of March 15? Well, Reactor 4 at Fukushima I Nuclear Power Plant had a “big noise” which blew out the roof at 6AM, and Reactor 2 had an explosion in the Suppression Pool at 6:14AM. Or it could be from the Reactor 3 explosion in the previous day, at 11:01AM on March 14.
The professor goes on to explain his concern at that time: