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HUDSON: WFirst of all, for treating the debt claims of the IMF and the European Central Bank as odious debts. This means they shouldn’t have been put in place to begin with, and the debts, the money that was lent to Greece went right through Greece to pay the French banks and the German banks, and to enable the American Wall Street banks to make a killing.
The Wall Street banks made whole reputations of buying bonds at 30 cents on the dollar and suddenly they went up to 100 cents on the dollar. The market basically said Greece couldn’t pay in 2010. The market priced its bonds very low. Right now Greece bonds are yielding 33 percent. So the market says Greece can’t pay.
And so when Europe is saying, we want to impose a market economy, everything the European Central Bank and IMF is doing is against the market. They’re not recognizing what any real market analyst realizes, that the debts can’t be paid. We want to create a real market economy by getting rid by getting rid of the exploitation, by writing off the bad debts, by reforming the tax system.
A few years ago the IMF’s Christine Lagarde provided a list to Greece of Greek tax evaders that had 50 billion Euros in Switzerland. This 50 billion Euros was enough to pay all of Greece’s debts. And the technocratic leader that the financial interests installed, Lucas Papademos, the very man who falsified all of the Greek payments and debt statements in 2001, didn’t do anything at all with the list. He refused to move against the oligarchs.
Toborrow and toburrow and tobarrow!
That’s our crass, hairy and ever-grim life, till one finel howdiedow Bouncer Naster raps on the bell with a bone and his stinkers stank behind him with the sceptre and the hourglass.
We may come, touch and go, from atoms and ifs but we’re presurely destined to be odd’s without ends.
Greece's Empty ATMs Show the Surprising Power of Cash—Even in 2015 | WIRED
That Greece doesn’t have nearly as much physical currency as it does money should come as no surprise; that’s just how economies work. But the size of the gap, even here in the United States, might come as a small surprise.
The amount of U.S. currency in circulation fluctuates, but the total amounts to around 36 billion pieces worth a combined $1.3 trillion. That sounds like a lot, until you put it against the total US money stock (M2) of $11.9 trillion. The delta seems even more dramatic when you consider that between half and two-thirds of the total value of US currency is held outside of our boarders.
Cash doesn’t disappear if your phone’s battery dies; it doesn’t require an Internet connection.
Greece's Empty ATMs Show the Surprising Power of Cash—Even in 2015 | WIRED
That more than $10 trillion of our money supply doesn’t physically exist shouldn’t be cause for concern. The Federal Reserve Board keeps careful track of inventory levels, weighing currency paid out to commercial banks against receipts to anticipate how much money is needed at any given time. It tells the Treasury Department’s Bureau of Engraving and Printing to create that money, then apportions it among the twelve Federal Reserve banks, which in turn keep commercial banks awash with Benjamins.
On the off chance the Fed drastically underestimates demand—which thankfully hasn’t yet happened, even during the global economic crisis of the aughts—the solution is, crudely put, simply to print more money. It’s an easy process to manage, because it’s so streamlined; essentially you’ve got one customer (the Fed) placing orders with one supplier (the Treasury).
This is, at least in part, where Greece ran into trouble. While there is a European Central Bank (ECB), it works in tandem with the European Union’s 28 national central banks to determine how many euro banknotes to produce each year. Rather than place printing responsibility in the hands of a sole provider, the ECB relies on 16 different printing works. That decentralized process has its advantages, but it also adds layers of communication, coordination, and complication that can slow response times in the unlikely—but currently very real—case of an emergency.
The Greek Debt Crisis and Crashing Markets » CounterPunch: Tells the Facts, Names the Names
Eurozone financial strategists made it clear that they wanted to make an example of Syriza as a warning to Spain’s Potemos party, and anti-euro parties in Italy and France. The message was supposed to have been, “Avoid our austerity and we will cause chaos. Look at Greece.”
But the rest of Europe is interpreting the message in just the opposite way: “Remain in the eurozone and we will only create money to strengthen the financial oligarchy, the 1%. We will insist on budget surpluses (or at least, no deficits) so as to starve the economy of money and credit, forcing it to rely on commercial banks at interest.”
Greece has indeed become an example. But it is an example of the horror that the eurozone’s monetarists seek to impose on one economy after another, using debt as a lever to force privatization selloffs at distress prices.
Who is Sgt. Jay Cook, the man who shot N.Y. escapee?
Officials and the public are praising New York State Police Sgt. Jay Cook, the officer who shot escaped murderer David Sweat in what N.Y. Gov. Andrew Cuomo called a "very courageous act."
Sunday evening, the trooper had his own hashtag on Twitter (#jaycook) as users lauded his bravery, and maybe shared a brush with fame.
On Sunday at about 3:20 p.m. ET, Cook spotted a "suspicious man" walking along a road in Constable, near the Canadian border.
Sgt. Cook chased Sweat, but couldn't catch him, then decided to fire his weapon at the escapee, Cuomo said. He "was alone when this happened."
Many ancient physicists (φυσικοι, φυσιολογοι) lectured and wrote on "what there is" in treatises called "Peri Physis" (Περι Φύσις) - roughly, About Nature, or The Nature of the Physical World.
The content of the typical physicist/philosopher lectures was usually in three parts:
You can know what things exist
You can tell others about what exists
Gorgias is reported to have dazzled and delighted his audiences by proving the opposites, by using nearly identical arguments:
If by chance something did exist, you could not know anything about it
If you did accidentally learn something about it, there is no way you could communicate your knowledge to others
The IMF “Defense” of it Actions against the Greeks is an Unintended Confession - New Economic PerspectivesNew Economic Perspectives
Here, “reforms” is code for austerity. Recall that even the neo-liberal IMF economists admit that austerity slows recovery – leading to lower growth. The reality is that the troika’s 2012 plan threw Greece into a Great Depression – as the IMF’s own economists warned.
The IMF “Defense” of it Actions against the Greeks is an Unintended Confession - New Economic PerspectivesNew Economic Perspectives
The Greek economy was weak before the financial crisis became acute in 2008, was battered severely when the ECB dithered for years before ending the bond “vigilantes’” reign of terror, and was driven even deeper into Great Depression levels of unemployment by the troika’s austerity diktats that formed the 2012 “deal.” (The troika famously deposed the Prime Minister of Greece when he announced plans to allow the Greek people to vote on whether to accept the troika’s austerity diktats.)
With that background in mind, we can see what the troika was demanding of the Greek people before the troika was willing to consider “provid[ing] debt relief” in 2020. Blanchard misstates the terms of the troika’s 2012 diktats. He purports that the 2012 “deal” requires the creditors to provide debt relief if the Greek debt ratio is 120% or more in 2020. The reality is explained by the Financial Times: “Debt relief was agreed as a possible way to reach the targets if Greece was able to run a primary budget surplus.”
Greece’s debt-to-GDP ratio is not anywhere near 120% — and the debt ratio is increasing as the troika’s austerity diktats further weaken the economy. The same article explains:
In February, Brussels forecast Greek debt would fall from 176.2 per cent of GDP in 2014 to 170.2 per cent this year; the new forecasts predict it will rise to 180.2 per cent this year.
Bath School disaster - Wikipedia, the free encyclopedia
The Bath School disaster was a series of violent attacks perpetrated by Andrew Kehoe on May 18, 1927, in Bath Township, Michigan, that killed 38 elementary school children and six adults and injured at least 58 other people.[Note 1] Kehoe first killed his wife, firebombed his farm, and detonated a major explosion in the Bath Consolidated School, before committing suicide by detonating a final explosion in his truck. It is currently the deadliest mass murder to take place at a school in United States history.
Andrew Kehoe, the 55-year-old school board treasurer, was angered by increased taxes and his defeat in the Spring 1926 election for township clerk. He was thought to have planned his "murderous revenge" after that public defeat. He had a reputation for difficulty on the school board and in personal dealings. In addition, in June 1926, he was notified that his mortgage was going to be foreclosed. For much of the next year, a neighbor noticed Kehoe had stopped working on his farm and thought he might be planning suicide. During that period, Kehoe purchased explosives and discreetly planted them on his property and under the school.
Kehoe's wife was ill with tuberculosis, he had stopped making mortgage payments, and he was under pressure for foreclosure. Some time between May 16 and the morning of May 18, 1927, Kehoe murdered his wife. Then on the morning of May 18 at about 8:45 a.m., he set off various incendiary devices on his homestead that caused the house and other farm buildings to be destroyed by the explosives' blast and the subsequent fires.
How exactly does one prepare to exit from the EU?
Grease (2/10) Movie CLIP - Sonny Don't Take No Crap (1978) HD - YouTube
Let’s look at these corporations that are buying their own stock, for instance. They say, well, look. If our stock is paying, maybe, 6 percent dividend, or 5 percent, or even 4 percent, let’s borrow money from the bank and buy the stock. But now if the interest rate goes up, the stock market may fall easily by 20 percent. That’s what people are so worried about. Whenever Janet Yellen talked about ending quantitative easing, the stock market takes a couple of hundred points’ plunge.
So if the stock price goes down, say, 20 percent, then here are these companies that have borrowed to buy their own stock. And instead of making a two or three percent gain, the difference between the 1 percent they borrow at and the 4 percent, say, that the dividend rate is, all of a sudden they lose 20 percent and they’re in trouble. They’ve taken a huge loss.
So all of this seeming gain, this sort of fictitious capital that’s been created is going to be wiped out if you don’t simply write down the debts. And because you, the government and the politicians, Congress, have all said we’re assigning economic policy outside of the government, we’re letting the Federal Reserve be the central planner, well, the Federal Reserve is loyal to its customers and its owners, the commercial banks. So basically Congress and the executive branch has said we’re going to save the banks, not the economy. And saving the banks means you impose debt deflation on the economy, you shrink the economy. There’s not going to be a revival in employment under these conditions. There’s not going to be rising wages. And the capital gains that have been spurring the stock and bond markets, and the real estate recovery, are going to be reversed.
Fed Cornered | Michael Hudson
So look at who the losers will be if the Federal Reserve stops quantitative easing. Well for one thing, if they raise interest rates here–and when they say stopping quantitative easing, Janet Yellen really means let’s raise interest rates and get them high again, as if that’s going to help the economy. Well the first thing is if the United States raises interest rates that’s going to push the dollar way up against the Euro, and most of all against third world and Asian countries. This means that countries that owe foreign debt, that’s almost all denominated in dollars, especially to the International Monetary Fund or the World Bank, they’re going to have to pay much more money in higher-priced dollars for their own currency. So this is going to aggravate debt deflation and defaults in third world countries.
Secondly, all of a sudden when they raise the interest rates, all this arbitrage that’s been occurring to bid up the stock market, to bid up the bond market and to bid up real estate markets is going to be reversed. Because if interest rates rise, banks are not going to lend as much money to buy stocks and they’re not going to make as much money to lend real estate.
So the economy’s really painted itself into a corner. Nobody’s able to win at this point, that’s the problem with the economy. And in that sense you can say it’s not that we really have a problem. We have a quandary. And a quandary is something where there isn’t a solution. Mathematicians call this the optimum solution, or the optimum position. The optimum position is one where you can’t make any move without making things worse. And that’s the position the United States is in right now. This is as good as it gets, which is another way of saying it’s all downhill from here.
Will Congress Now Rein In the Fed? - WSJ
Now that the U.S. Court of Federal Claims has concluded that the Federal Reserve violated federal law and the Constitution when it nationalized insurer AIG in September 2008, the big question is this: What is Congress going to do about it?
Judge Thomas Wheeler, who presided in the nonjury trial, shrank from awarding financial damages to AIG’s big shareholder, Starr International Co., which had sought more than $40 billion in the lawsuit. He reasoned that AIG had no option at the time except for bankruptcy, and so its shareholders would have been wiped out anyhow.
Starr and its chairman, former AIG chief executive Maurice “Hank” Greenberg, having won the moral victory, insist there is a remedy and will be appealing for damages. After all, the Fed handed over to the Treasury $22.7 billion in profit it made selling the equity it illegally seized in an AIG that supposedly was without value. That’s quite an incentive for the government to break the law.
All the more reason for Congress to address the larger questions raised by this astonishing case. Who watches the watchman? If ever a case put that question into sharp relief, this is it. And who better to answer than the Congress that created the Fed and has the formal oversight of the nation’s central bank?
The exchange rate is $1 to S35,000,000,000,000,000.
So it comes as no surprise that Zimbabwe is scrapping its local currency in favor of the U.S. dollar, reports the Telegraph.
Zimbabweans will be able to exchange their almost worthless local currency for the American dollar from Monday until the end of September.
The U.S. dollar has been used in the country since 2009, but now the local currency is being officially phased out.
People with accounts of up to 175 quadrillion — 175,000,000,000,000,000 — will be paid $5.
Why Goldman Sachs Is Diving Back Into the Dark Pool - Bloomberg Business
Goldman Sachs review vs preview.
Even home gardeners are planting wheat, in backyards measured in square feet rather than in acres. They are harvesting it by hand, threshing it by flailing chains inside plastic buckets, separating the chaff from the berries (or kernels) with vacuum cleaners and then grinding it themselves on hand-cranked mills. This is an impulse entirely separate from the desire to grow, say, tomatoes, which are obviously better and cheaper from a garden than a supermarket. As an economic proposition, raising wheat to save money on flour makes about as much sense as raising children to help with the dishes. In either case, the decision is an emotional one. Home-grown wheat springs from the soil of American self-reliance and independence, fertilized with a pinch of apocalyptic fervor. Jack Jenkins, a genial tinkerer who sells hand-cranked tabletop mills by mail order out of Stanwood, Washington, cites a customer who connected two of his machines in tandem to a stationary bicycle and in a year “processed enough flour to bake 1,456 loaves of bread. She trained for a marathon that way!” Jenkins praises the taste and nutritional value of freshly ground whole-wheat flour, but also notes, pointedly, that unmilled wheat can potentially keep for decades, a useful quality if you’re stocking up in advance of social and economic collapse. (Flour has a definite shelf life, which can be extended by refrigeration, Jenkins notes—“if you’re sure you’re going to have electricity.”)
The unlikely ground zero for the nouveau-wheat movement is Skowhegan, Maine, in a region that was, long ago, one of the breadbaskets of America. It was here in 2007 that the annual Kneading Conference was born, a celebration of bread bringing together small farmers, artisanal bakers and practitioners of the obscure art of building outdoor wood-fired brick ovens. The missing link in re-establishing the area’s self-sufficiency in bread was a mill, so two of the conference organizers, Amber Lambke and Michael Scholz, constructed one in a vacant building that had been the city’s jail. This year, the Kneading Conference spun off a West Coast satellite event, held in September at the Washington State University (WSU) research center in Mount Vernon and organized by its director, a WSU plant geneticist and plant breeder named Stephen Jones. “Farmers here need wheat in their rotation, but they lose money growing it,” Jones told an appreciative crowd at the conference. “They just want to lose a little less money.”
Read more: Artisanal Wheat On the Rise | Arts & Culture | Smithsonian
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Kristol's Red Persuasion? | The Nation
Before he became a neoconservative, a label whose invention he attributes to Michael Harrington, Irving Kristol was a Trotskyite, a regular of Alcove No. 1 in the vast lunch-room of City College in the late 1930s. There his fellow debaters -- Irving Howe, Daniel Bell, Seymour Melman, Nathan Glazer, Seymour Martin Lipset -- educated Kristol and one another in daily intellectual combat. This suggests that Kristol above all belongs to that interesting breed, the New York intellectual community, whose members love a good fight and spare no effort to stir one up.
This collection, like its 1978 predecessor, Two Cheers for Democracy, allows its author to pronounce upon economics, politics, public morality and "Religion and the Jews" -- four meditations on Jewish humor, religion and psychoanalysis, Albert Einstein, and religion and socialism variously dated 1949, 1951, 1950 and, presumably, the present. In "Pornography, Obscenity and the Case for Censorship," Kristol takes typical pains to be dogmatic: "And lest there be any misunderstanding as to what I am saying, I will put it as bluntly as possible: If you care for the quality of life in our American democracy, then you have to be for censorship." Really? Then there's "Machiavelli and the Profanation of Politics" in which, in the course of an intriguing survey of Machiavelli's shifting reputation over the centuries, Kristol quite unnecessarily asserts, "The scholarship on Machiavelli and his times has been voluminous, technically superb, and almost invariably misleading.''
This verdict exemplifies the almost casual claim to omniscience that is a second badge of membership in the New York intellectual community. A proper Commentary or New York Review of Books critique will make plain its author's certainty that he or she knows more about the topic than anyone else and certainly could have written a better book than the miserable wretch under dissection. New York intellectuals prefer essays to books, possibly because the strain of prolonged brilliance is too much to be borne even by them. Finally, it doesn't hurt in this community to be Jewish.
What, then, is the neoconservative ethos that threads through these mostly topical commentaries? In "Confessions of a True, Self-Confessed--Perhaps the Only 'Neocon-servative,'" Kristol offers a convenient eight-point guide. Neoconservatism begins as an adverse reaction to the excesses of contemporary liberalism. In emotional style it is "antiromantic in substance and temperament." Its philosophical roots are classical, ''ad-miring of Aristotle, respectful of Locke, distrustful of Rousseau." To ward bourgeois society, neoconservatives harbor a "detached attachment." For, "in the spirit of Tocqueville, neoconservatives do not think that liberal-democratic capitalism is the best of all imaginable worlds -- only the best under the circumstances, of all possible worlds." Propositions 5, 6 and 7 are, respectively, faith in a "predominantly market economy," stress on the necessity of economic growth "not out of any enthusiasm for the material goods of this world, but because they seek economic growth as indispensable for social and political stability," and advocacy of a frugal welfare state "that takes a degree of re-sponsibility for helping to shape the preferences that people exercise in a free market -- to 'elevate' them if you will " Finally, "Neoconservatives look upon family and religion as indispensable pillars of a decent society."
Kristol spends a good many pages excoriating liberals, social democrats and socialists for their actual or asserted opposition to the neoconservatie creed. According to his caricature, liberals are either indifferent or hostile to bourgeois virtues. For them, everything goes: pornography, abortion, sexual deviation, destructive egalitarianism, feverish affirmation of minority and women rights, misplaced confidence in bureaucratic remedies and contempt for their fellow citizens. In foreign policy, liberals are heirs to decaying Wilsonian idealism. They delude themselves into toleration of a United Nations which has become little more than a forum for anti-American rhetoric, into murky Carter crusades for human rights, softness toward the Soviet Union and inability to identify and pursue American self-interest. These outcries are repetitious, tiresomely contentious and unenlightening. The tone is often peevish, the generalizations sketchily backed by evidence and the apparent intent gratification of Kristol's admirers in the business com-munity.
Being a Neocon Means Never Having to Say You’re Sorry | Foreign Policy
One reason neoconservatism survives is that its members don’t care how wrong they’ve been, or even about right and wrong itself. True to their Trotskyite and Straussian roots, neoconservatives have always been willing to play fast and loose with the truth in order to advance political goals. We know that they were willing to cook the books on intelligence and make outrageously false claims in order to sell the Iraq war, for example, and today they construct equally false narratives that deny their own responsibility for the current mess in Iraq and portray their war as a great success that was squandered by Obama. And the entire movement seems congenitally incapable of admitting error, or apologizing to the thousands of people whose lives they have squandered or damaged irreparably.
The final source of neoconservative persistence is the continued support they get from their close cousins: the liberal interventionists. Neoconservatives may have cooked up the whole idea of invading Iraq, but they got a lot of support from a diverse array of liberal hawks. As I’ve noted before, the only major issue on which these two groups disagree is the role of international institutions, which liberals view as a useful tool and neoconservatives see as a dangerous constraint on U.S. freedom of action. Neoconservatives, in short, are liberal imperialists on steroids, and liberal hawks are really just kinder, gentler neocons.
The liberal interventionists’ complicity in the neoconservative project makes them reluctant to criticize the neoconservatives very much, because to do so draws attention to their own culpability in the disastrous neoconservative program. It is no surprise, therefore, that recovering liberal hawks like Peter Beinart and Jonathan Chait — who both backed the Iraq war themselves — have recently defended neoconservative participation in the new debate over Iraq, while taking sharp issue with some of the neocons’ position.
Think Again: Neocons - Council on Foreign Relations
The usual suspects are Paul Wolfowitz, deputy secretary of defense; Douglas Feith, under secretary of defense for policy; Lewis "Scooter" Libby, the vice president's chief of staff; Elliott Abrams, the National Security Council staffer for Near East, Southwest Asian, and North African Affairs; and Richard Perle, a member of the Defense Policy Board. Each of these policymakers has been an outspoken advocate for aggressive and, if necessary, unilateral action by the United States to promote democracy, human rights, and free markets and to maintain U.S. primacy around the world.
A few neocons, like philosopher Sidney Hook or Kristol himself, had once been Marxists or Trotskyites. Most, like former U.N. Ambassador Jeane Kirkpatrick, simply had been hawkish Democrats who became disenchanted with their party as it drifted further left in the 1970s. Many neocons, such as Richard Perle, originally rallied around Henry "Scoop" Jackson, a Democratic senator who led the opposition to the Nixon-Ford policy of détente with the Soviet Union. Following the 1980 election, U.S. President Ronald Reagan became the new standard bearer of the neoconservative cause.
A few neocons, like Perle, still identify themselves as Democrats, and a number of "neoliberals" in the Democratic Party (such as Sen. Joseph Lieberman and former U.N. Ambassador Richard Holbrooke) hold fairly neoconservative views on foreign policy. But most neocons have switched to the Republican Party. On many issues, they are virtually indistinguishable from other conservatives; their main differences are with libertarians, who demonize "big government" and preach an anything-goes morality.
Tell me something good about the neocons.
US Bikers Hold Muhammad Cartoon Contest Outside Mosque
A Prophet Muhammad cartoon-drawing contest sponsored by a group of potentially armed bikers got under way Friday outside an Islamic community center in the southwestern U.S. state of Arizona.
Organizers say the rally is in response to to an incident earlier this month in which two gunmen opened fire on a similar contest in Texas where cartoonists were drawing pictures of Islam's Prophet.
Our Founder, Who art omniscient,
Commencéd be thy name;
Thy college come; Thy assignments done
On campus as beyond the gate.
Give us this term Thy termly word.
And excuse our cribbing.
As we excuse classmates who crib from us…..
Omitting market risk factor creates critical flaw in case-shiller home price indices
The method used to calculate Standard & Poor's Case-Shiller Home Price Indices, the most trusted benchmark for U.S. residential real estate prices, contains a flaw that likely could lead to misstating its monthly estimates, according to a newly published study led by faculty at Florida Atlantic University.
The paper published in the Journal of Real Estate Research identifies an important deficiency in the Weighted Repeated Sales (WRS) method developed by economists Karl Case and Robert Shiller, which compares repeat sales of the same homes in an effort to study home pricing trends both nationally and in 20 metropolitan areas across the country.
The critical flaw in Case-Shiller's method, the paper's authors contend, is its omission of the market risk factor. Ping Cheng, Ph.D., professor of finance in FAU's College of Business, explained what initially got him and his colleagues thinking about the index methodology was an assertion by Case and Shiller in their original work, in which they stated that over longer time intervals, the price changes for an individual home are more likely to be caused by factors other than market forces.
Nemo is not here.
what was inside the box in Mecca
The Ark of the Covenant.
"The field is moving much faster than we had previous realised," says John Dueber of the University of California, Berkeley, whose team has just created a yeast that produces the main precursor of opiates. Until recently, Dueber had thought the creation of, say, a morphine-making yeast was 10 years away. He now thinks a low-yielding strain could be made in two or three years.
It might take many more years to produce a high-yielding strain. But once it exists, in theory anyone who got hold of it could make morphine in their kitchen using only a home-brewing kit. Merely drinking tiny quantities of the resulting brew – perhaps as little as a few millilitres - would get you high. "It probably is as simple as that," says Dueber. "The beer would have morphine in it."
We need to start thinking about the implications now, before such strains – or the recipes for genetically engineering them – become available, he says.
Other teams are working on producing tropane alkaloids – a family of compounds that include drugs such as cocaine. Cocaine-making yeasts are further off, as we still don't understand certain critical steps that coca plants use to make cocaine. But there's no reason we cannot engineer yeast to produce any substance that plants produce, once we understand the machinery, says biochemist Peter Facchini of the University of Calgary in Canada. "So indeed someone could potentially produce cocaine in yeast."
No Charges for Teacher Arrested After Tesla Coil Burn - ABC News
A prosecutor isn't filing criminal charges "at this time" against an Oregon science teacher accused of using a Tesla coil to burn the phrase "I love mom" into students' arms.
Samuel Dufner was arrested Tuesday at South Salem High School.
Salem police Lt. Steve Birr says students used the coil in an exercise last week. Dufner noted it could also be used to mark the skin and asked for volunteers.
The 37-year-old burned "I love mom" into their arms — with a heart to symbolize the word love. Birr says the marks have since faded.
Electricity usage predicts stock direction: Notre Dame paper
Dixie Dregs - Tonight Show - 01/07/1993 - Medley (Take It Off The Top) - YouTube
Happy Together - Turtles - YouTube
The Searchers - Needles And Pins ('64) - YouTube
Emmy Noether is described as the most important female mathematician, but she also made a profound contribution to theoretical physics.
Her theorem on the fundamental relationship between symmetry and conservation principles is extremely simple:
For any property of a physical system that is symmetric, there is a corresponding conservation law.
Noether's theorem allows physicists to gain powerful insights into any general theory in physics, by just analyzing the various transformations that would make the form of the laws involved invariant.
For example, if a physical system is symmetric under rotations, its angular momentum is conserved. If it is symmetric in time, its energy is conserved. If it is symmetric in space, its momentum is conserved.
Note the connection between these symmetries and the various forms of Heisenberg uncertainty principle.
Africa market of future for illegal drugs: UN official - Yahoo News
Panama City (AFP) - Africa is the market of the future for illegal drugs, a top UN narcotics official said Tuesday, predicting the continent would go from transport hub to major consumer.
Massive amounts of cocaine and other narcotics already pass through Africa on their way from Latin America to Europe, and it is only a matter of time before large numbers of Africans start using them, said Pierre Lapaque, the West and Central Africa representative for the United Nations Office on Drugs and Crime.
"The market of the future for cocaine and other drugs is Africa," he said in Panama at an international meeting on fighting organized crime.
Ever since drug traffickers realized a decade ago that sending drugs through West Africa was easier than shipping them directly to Europe, the region has become a major hub in the drug trade, said Lapaque.
this is as obvious a case of punishing the small fry as you can get.
Whenever North Carolina gets caught cheating, put some sanctions on Cleveland State.
Vampyroteuthis infernalis - YouTube
(Graphic) Dashcam Shows Cop Ram Into Walking Suspect - YouTube
Bobby Hurley quickly becomes popular hire for Arizona State Sun Devils
TEMPE, Ariz. -- The theater inside Arizona State's athletic complex was packed, television cameras everywhere. Even football coach Todd Graham and his staff showed up.
Bobby Hurley can draw a crowd. Arizona State wanted to make a splash with its next basketball coach, and so far it's done just that.
"Our charge was to go out and find the best and the right fit for this program," Arizona State athletic director Ray Anderson said Friday. "We believe very, very strongly and very confidently that we have accomplished that mission."
not sure how you do this, maybe it has to be public pressure.
Distinguish between drinking water and toilet water.
Second Circuit Decision Reminds Us To Double-Check Documents - Insolvency/Bankruptcy - United States
In a decision that sent a shiver down the spine of attorneys and lenders alike, on January 21, 2015, the U.S. Court of Appeals for the Second Circuit (the "Second Circuit") ruled that JPMorgan Chase Bank, N.A. ("JPMorgan") had released its security interest on a $1.5 billion loan to General Motors ("GM") by the inadvertent filing of a UCC-3 termination statement. The Second Circuit held that although JP Morgan and GM did not intend to terminate the security interest at issue, the termination was effective because JP Morgan authorized the filing of the UCC-3 termination statement.
In October 2001, GM entered into a synthetic lease financing transaction ("Synthetic Lease"), by which it obtained approximately $300 million in financing from a syndicate of lenders (the "Lenders") including JPMorgan who served as the administrative agent. The Synthetic Lease was secured by mortgages on several pieces of real estate, which were perfected by the proper filing of two UCC-1 financing statements by JPMorgan (the "Synthetic Lease UCC-1s"). Separately, GM entered into an unrelated term loan facility (the "Term Loan"). JPMorgan also served as the administrative agent on this loan. The Term Loan was secured by security interests in a variety of GM's assets, including equipment and fixtures at forty-two facilities throughout the United States. JPMorgan properly filed UCC-1 financing statements to perfect its security interest in the various assets, including one such statement filed in Delaware covering all GM's equipment and fixtures at 42 of the facilities (the "Term Loan UCC-1").
we defecate into water purer than what the vast majority of humanity uses for drinking water. the water industry is ripe for disruption. but, by all means, continue to fret over our dehydrated future if it pleases you.
What Will Happen in Vegas Won't Stay in Vegas [Excerpt] - Scientific American
Or perhaps the real future of Las Vegas might lie on the banks of the Salton Sea in Southern California, about 120 miles north. This area was born when the Colorado River temporarily diverted into the Salton Sea in 1905. For a time, runoff from farms kept the lake level constant if not polluted. Though the largest lake in California, the Salton Sea is also the lowest, and its water is saltier than the Pacific Ocean.
The Salton Sea enjoyed some success in the 1950s as resort communities grew up on the eastern shore and looked promising for a while. But with no outflow, the lake kept getting more polluted. In the 1970s, most of the buildings constructed along the shoreline were abandoned.
The birds that migrate to the south side of the lake in winter still draw bird watchers, but that is primarily because all the marshlands in the Imperial Valley, where the Salton Sea lies, are taken up by agriculture. There’s no place else for the birds to go.
There are still some scattered houses on the west side, but the east side of the sea around the former yacht club is mostly old abandoned trailers and assorted ruins.
Las Vegas could get there, too. If the water in the soil gets below Dust Bowl levels, the crusts would break down and the sands might pick up and fly with the wind. If the water runs out and the city goes dry, it wouldn’t take long for the golf courses, the fountains, and the swimming pools to lose their appeal. And if the desert gets hotter and dryer, the great migration and construction boom of the last fifty years could take its final bow.
Some future artist might revel in the rusted infrastructure of the famous Sin City, go looking for relics of slot machines in the nearby dump, or collect neon artifacts for some museum. Or he or she might go rummaging through old books or magazines to read tale of how Sin City finally succumbed to drought, dust storms, and sky-high electric bills, and the day the last neon light flickered out.
In the end Nature holds all the cards.
Never shoot to kill
An unarmed, fleeing person
In the back.
At least not when you are being videotaped.
Indian police kill 20 suspected sandalwood smugglers | World news | The Guardian
Police in southern India have shot dead at least 20 alleged smugglers of sandalwood in “self-defence” after being attacked with axes, arrows, sticks and stones.
The clash took place early on Tuesday morning in the Seshachalam forest, on the outskirts of the temple town of Tirupati, in the state of Andhra Pradesh.
Smuggling sandalwood has long been a lucrative business in the area, though those actually cutting trees and moving the wood are usually extremely poor locals hired by gang leaders. Most are paid between 150 and 300 rupees (£1.60 to £3.20) for a day’s work.
The red sandalwood that grows locally is on international lists of endangered wild flora and fauna and its export from India is illegal. Admired for its deep red colour and hardness, the valuable wood from the Eastern Ghat mountain range is used for artefacts and furniture in China and a kilo can be worth as much as £100, officials say.
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Those who forget the Pasta are doomed to reheat it.