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Assad's family caught trying to escape the country, returned to Damascus
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-Short Attention Span Theater-
$3B WWII Shipwreck Located off of Cape Cod
Sub Sea Research LLC, a Portland Maine based company located the worlds richest shipwreck, a WWII British Freighter carrying a secret cargo of 71 tons of Platinum sunk by a German U-Boat in June, 1942.

SSR first discovered the Port Nicholson in 600-800 feet of water off Cape Cod in 2008. In 2009 SSR obtained legal recognition from the US Courts as the legal owner and salvager of the ship.

The Port Nicholson and four other ships were being escorted by six military ships in a convoy from Halifax to New York. She is documented to be carrying ~1,707,000 troy ounces of platinum. It may also contain $165M of copper, zinc and war stores. Greg Brooks, one of two SSR founders, said his team has already recovered several identifying and critical artifacts. He has verified that “it is without a doubt the Port Nicholson”.
Lend Lease payment from the Soviets. Interesting article.
Posted by: tu3031 || 01/30/2012 16:31 || Comments || Link || [3 views] Top|| File under:

#1  Did not know ships were being sunk right off Cape Code by the Gertmans.
Posted by: Chenter Barnsmell9450 || 01/30/2012 17:12 Comments || Top||

#2  Correction - Cape Cod
Posted by: Chenter Barnsmell9450 || 01/30/2012 17:13 Comments || Top||

#3  If you go to the Delaware beaches you can still see the concentric concrete towers that we used to watch for German U-boats. That is within 11 miles of shore.
Posted by: Shulet Grugum3726 || 01/30/2012 17:19 Comments || Top||

#4  Today's closing price for platinum is $1,605 a troy ounce. There are 29,166.6667 troy ounces in a short ton (2,000 lbs).
Posted by: Anonymoose || 01/30/2012 17:23 Comments || Top||

#5  At the initiation of open hostilities the Navy didn't have any real plans to protect shipping on the East Coast. The U-Boats had a 'holiday' sinking ships all along the coast. The preferred method was to surface and use a deck gun to preserve the number of torpedoes.
Posted by: Procopius2k || 01/30/2012 17:30 Comments || Top||

#6  Incredible story. Somehow I don't think they will have a problem finding investors...
Posted by: CrazyFool || 01/30/2012 17:31 Comments || Top||

#7  At the initiation of open hostilities the Navy didn't have any real plans to protect shipping on the East Coast. Apparently US admirals of that time were asleep at the wheel. I read that, in addition, blackouts of coastal cities were delayed for a while. U-boats would surface at night & easily spot merchant ships silhouetted against the artificial lighting.
For a time, it was possible to read newspapers at night along East Coast beaches by the light of burning oil tankers. The US built oil pipelines as an emergency measure to bring Texas oil to the northeast, out of reach of the U-boats. Those pipelines are still in use.
Posted by: Anguper Hupomosing9418 || 01/30/2012 18:02 Comments || Top||

#8  The story raises questions. Why didn't they drive? Why put so much valuable material in a single ship? Was it in a single large block of material?
Posted by: Anguper Hupomosing9418 || 01/30/2012 18:06 Comments || Top||

#9  Apparently US admirals of that time were asleep at the wheel.

The Port Nicholson was under escort; a U-boat sunk it anyway.

As to the lack of plans at the start of hostilities: Keep in mind the political and military situation at the start of the war.

The USN was a tad short of ships and personnel at the time. What assets there were, were being used in the North Atlantic. It took a while to press auxiliary ships into coastal and ASW patrolling and to train crews for the mission.

Due to the Depression, the railroads were stretched to their limits. There was no additional capacity to ship oil or cargo.

It also took a while to convince coastal merchant marine captains to agree to run in convoys along the coast.
Posted by: Pappy || 01/30/2012 18:26 Comments || Top||

#10  Smells rather SCAMMY.
Posted by: Bright Pebbles || 01/30/2012 18:27 Comments || Top||

#11  Those pipelines are still in use.
Anguper, not only are they still in use, but they were built, with government permission and encouragement, without going through all the legal hoops to get eminent domain clearance etc. of essential land tracts with owners who were 'less patriotic' than the pipeline companies' budgets could work with. Lawsuits after the war made for some very wealthy former landowners.
Posted by: Glenmore || 01/30/2012 18:53 Comments || Top||

#12  #9 -- Still no excuse for the failure to mandate coastal blackouts on 8 Dec 1941.
Posted by: Anguper Hupomosing9418 || 01/30/2012 19:21 Comments || Top||

#13  Found a hint about the damage the Kriegsmarine did along the East Coast up to June 1942:
It was not until May, 1942, that the convoys departing from the US East Coast were in convoys escorted by US Destroyers. For some reason, the American authorities remained a very stubborn attitude about not mandating that ships travel in convoys as the British transports had done.

In all, around 40 U-boats participated in [the Kriegsmarine's Operation] Drumbeat. The pickings were good and by June [1942], over 400 ships had been sunk and 2,000,000 tons of war material went to the bottom of the ocean along with 5000 men. [Operation]Drumbeat was very cost effective, only seven U-boats were lost. Had the Germans focused on the refineries at Aruba, which provide 75% of the aviation fuel Canada and the US used, by destroying it, the ramifications would have been detrimental. However, only two subs arrived there and shelled it causing fire but that was about it.
Posted by: Anguper Hupomosing9418 || 01/30/2012 19:32 Comments || Top||

#14  My dad was engine room officer in merchant marinesbut didn't get to sea until late 43/44, when the worst had passed.
Posted by: Glenmore || 01/30/2012 19:41 Comments || Top||

#15  My granddad was some kind of civil guard - charged with enforcing local blackout. I used his old blackout drapes for years - fantastic insulation of big glass sliding doors during '70's energy crunch.
Posted by: Glenmore || 01/30/2012 19:44 Comments || Top||

#16  My late friend was a crewman on an asphalt tanker. The Germans regularly sunk ships in the mouth of the Mississippi River.
Posted by: Alaska Paul || 01/30/2012 21:11 Comments || Top||

#17  There were many, many German U-boats off of the East Coast in WWII. Wilmington became the primary building port. It is a tactical area to say the least.
Posted by: newc || 01/30/2012 21:12 Comments || Top||

#18  By Moose's figure the total is...$3,323,687,537. Add the copper, zinc and "war stores", about 3.5 billion.
Be interesting to see how much the lawyers will make off of this one.
Posted by: tu3031 || 01/30/2012 21:21 Comments || Top||

#19  Drumbeat
Posted by: tu3031 || 01/30/2012 21:30 Comments || Top||

#20  My father served aboard USS Kitkun Bay until Japanese Admiral Kurita shot it out from under him.

Bastard
Posted by: badanov || 01/30/2012 22:01 Comments || Top||

#21  There is a hangar @ NAS JAX that is only half a hangar; the other half is off the JAX beach thanks to U-Boats.
Posted by: USN, Ret. || 01/30/2012 22:55 Comments || Top||


Bangladesh
4 killed as cops fire on BNP men
[Bangla Daily Star] Four persons died in Laxmipur and Chandpur towns yesterday when police fired on demonstrating BNP activists and supporters.

To protest the killings, local BNP units called for half-day hartals
... a peculiarly Bangla combination of a general strike and a riot, used by both major political groups in lieu of actual governance ...
in Chandpur and Laxmipur towns for today.

More than 450 people, including 100 police, were maimed yesterday when the law enforcers attempted to foil prescheduled marches of opposition activists in different districts.

Condemning the police atrocities, BNP held the government responsible for the killings.

Addressing a media briefing at BNP central office in Naya Paltan of the capital in the afternoon, the party's acting Secretary General Mirza Fakhrul Islam Alamgir demanded exemplary punishment for the persons responsible for the killings.

Meantime, police formed two separate committees to investigate the Chandpur and Laxmipur incidents, Inspector General of Police (IGP) Hassan Mahmood Khandker told news hounds at the Police Headquarters in the capital in the afternoon.

The committees, to be headed by Additional Deputy Inspector General of Police Biswas Afzal Hossain, were asked to submit reports in seven days.

"The committees will also probe whether the coppers were at fault," the IGP said, claiming that police showed tolerance although resorted to firing.

CHANDPUR
Violence in Chandpur erupted around 11:00am when police asked opposition activists, gathering at Hasan Ali Govt High School ground, to disperse. The crowd was preparing to bring out a march.

"Without listening to us, they started hurling brickbats," Alamgir Hossain, officer-in-charge (OC) of Chandpur Model Police Station, told The Daily Star, estimating that there were at least 1,000 people.

Cordoning off the law enforcers, the opposition activists later vandalised a police van.

"The magistrate ordered us to open fire to bring the situation under control," the OC said.

Our Chandpur correspondent, who was caught inside the cordon, reported that police first fired live bullets and then switched to rubber bullets and shotgun pellets.

The opposition activists continued their attacks on police, though the latter stopped firing at noon.

Around 12:45pm, activists of Bangladesh Chhatra League
... the student wing of the Bangla Awami League ...
(BCL), ruling Awami League backed student organization, joined police and dispersed the demonstrators in 15 minutes.

Bullet-hit, Abul Mreedha, a rickshawpuller aged about 50 years, was struck down in his prime. Limon Soiyal, another rickshawpuller aged about 25, and Mahfuzur Rahman, a 22-year-old activist of BNP backed Jatiyatabadi Chhatra Dal
...student wing of the Bangladesh Nationalist Party (BNP)...
, sustained bullet injuries.

Rushed to Chandpur Sadar Hospital, Soiyal died at 12:15pm, hospital sources said.

Mreedha used to live in Baburhat while Soiyal in Goakhola areas of Chandpur town.

Amir Zafar, Chandpur assistant superintendent of police (ASP), said over 100 people, including 30 police, were maimed during the clash.

Police said they opened fire in self defence after being ordered by Magistrate Shamimul Haq Pavel.

The opposition activists vandalised 15-20 vehicles as the clash spread to other parts of the town.

BCL activists later vandalised the BNP office and the house of BNP district unit General Secretary Sheikh Farid Ahmed Manik.

Addressing a presser at his house at 4:30pm, Sheikh Farid announced a half-day hartal in the town from 6:00am today to protest the police atrocities.

LAXMIPUR
As activists of BNP-led four-party alliance brought out a march from South Trimohoni area around 11:00am, police tried to stop them. When the demonstrators tried to march forward, police charged batons on them, reported our Noakhali correspondent.

The demonstrators retaliated by throwing brick bats at the law enforcers. Chases and counter-chases took place for some time before police fired 68 rounds from shotguns and 20 tear gas canisters to successfully disperse the crowd.

Police set to sit in solemn silence in a dull, dark dock, in a pestilential prison with a life-long lock five demonstrators from the spot.

During the clash, more than 100 people including BNP's youth wing Jubo Dal's activist Rubel Hossain, 25; and BNP supporter Abul Kashem, 50 were maimed. Ten sustained shotgun pellet wounds.

Rubel, among the injured, died while undergoing treatment in Laxmipur Sadar Hospital while Abul Kashem died later in Comilla while being transported to Dhaka for treatment.

Twenty six police including Golam Sarwar, OC of Laxmipur Sadar Police Station, and three sub-inspectors were maimed. Of them, 24 were admitted to Laxmipur Sadar Hospital while two others to Noakhali Medical College Hospital.

Claiming that some people from the BNP march first opened fire on police, Laxmipur Superintendent of Police (SP) Zamsher Ali told The Daily Star that police opened fire in self-defence.

A three-member committee headed by additional SP of Laxmipur was formed to investigate the incident, the SP said adding that the committee will submit a report in three days.

Later in the evening BNP activists and supporters brought out another protest march that went through the town led by the party's local unit's General Secretary Shahabuddin Shabu, who announced from the march a half-day hartal from 6:00am in the town for today.

DINAJPUR
Obstructed from bringing out a march from local BNP office, party activists pelted police with brickbats, prompting the latter to charge batons.

Police also fired 10 tear gas shells and rubber bullets. They picked up five persons during the clash which left 25 injured.

KISHOREGANJ
Fifty including 11 police and 4 journalists were maimed and a police vehicle was damaged during festivities between opposition activists and police at Ishaka Road and Gaital Firm intersection in the town.

Police picked up around 12 BNP and Jamaat activists, including district BNP Vice-chairman Amiruzzaman.

The injured police were admitted to Kishoreganj Adhunik Sadar Hospital.

KURIGRAM
Twenty including the OC of Kurigram Sadar Police Station were maimed and a police vehicle was damaged during festivities between police and four-party opposition alliance activists in Kurigram town.

As a march of opposition activists reached Kurigram Central Mosque area, police tried to stop it, prompting the marchers to attack them with sticks and brickbats. The demonstrators also vandalised a police vehicle.

Besides charging batons, police fired 20 teargas shells and rubber bullets.

RANGAMATI
Three BNP activists were maimed when police charged batons on their march near Rangamati municipality office.

NILPHAMARI
Police fired 12 rounds of rubber bullets and 3 rounds of tear gas shells to disperse opposition activists as they tried to defy police obstruction to their march in the town.

Thirty including 10 police and two journalists were maimed, and police set to sit in solemn silence in a dull, dark dock, in a pestilential prison with a life-long lock 5 demonstrators.

NATORE
Fifty people including a journalist were maimed in NATOre when alleged activists of ruling party backed BCL and Jubo League
... the youth wing of the Bangla Awami League...
hurled brick bats at a BNP-Jamaat march in NATOre town. Police set to sit in solemn silence in a dull, dark dock, in a pestilential prison with a life-long lock four Jamaat activists from the procession.

BARGUNA
Barred by police from going to their party office or gathering in the town, BNP activists hurled brick bats at the law enforcers. In reply, police shot rubber bullets at them. The clash left 50 including 15 police injured.

Later the protesters set 2 police cycle of violences on fire, while police set to sit in solemn silence in a dull, dark dock, in a pestilential prison with a life-long lock 20 BNP activists from the scene.

SUNAMGANJ
Five BNP activists sustained injuries as police charged batons on their procession in the town.

BRAHMANBARIA
Four Jamaat activists were maimed when police lobbed teargas shells on their procession at Kalibari point in the town.

BANDARBAN
Twenty BNP activists and 10 police were maimed during a clash in front of BNP office in Bandarban town. Police later set to sit in solemn silence in a dull, dark dock, in a pestilential prison with a life-long lock 30 BNP activists, reported UNB.

Continued on Page 49
Posted by: Fred || 01/30/2012 00:00 || Comments || Link || [1 views] Top|| File under:


Caribbean-Latin America
Chavez warns he could nationalize some banks
CARACAS, Venezuela -- Venezuelan President Hugo Chavez warned private banks on Sunday that he will consider nationalizing any that refuse to finance agricultural projects promoted by his government.
Translation: despite all the oil, he's running out of money.
To be fair, it appears he's running out of oil, too.
Banks are required by law in Venezuela to provide at least 10 percent of their lending to finance government development projects.

"The private banks that do not comply with the constitution and their duty, well, I do not have any problem nationalizing them," Chavez said during his weekly radio and television program. "We must ensure the constitution and laws are complied with!"

Chavez charged that the rules aren't being followed by some of Venezuela's biggest private banks -- Banesco, Banco Mercantil and Banco Provincial, which is controlled by Spain's Banco Bilbao Vizcaya Argentaria. Chavez singled out the president of Banesco, Juan Carlos Escotet, ordering him to lend more to Venezuela's cash-strapped farmers.

"If you cannot do it, give me your bank," Chavez said, prompting applause from a crowd of government officials and supporters.

A bill approved last year by Chavez's allies in the National Assembly describes banking as a "public service" and gives the government the authority to declare banks to be of "public utility," which paves the way for state nationalizations.

The government already seized control of about a dozen banks in recent years, accusing them of causing financial problems and violating banking rules. Chavez's government controls about 28 percent of Venezuela's banking sector.
And yet there's no money. Wonder why?
Posted by: Steve White || 01/30/2012 00:00 || Comments || Link || [5 views] Top|| File under:

#1  Barney Frank just found himself a new job
Posted by: Frank G || 01/30/2012 18:35 Comments || Top||

#2  "To be fair, it appears he's running out of oil, too."

Heart. Warm. Cockles. :-D
Posted by: Barbara || 01/30/2012 19:13 Comments || Top||

#3  I am getting tired of short round and pudgy shooting off their mouths. I think they have a game to see who came be the most obnoxious. I heard enough of Castro and Nikita. Kimmie is unusually quite. I guess that happens when your a dirt eater.
I hope they don't send him back.
Posted by: Dale || 01/30/2012 20:39 Comments || Top||

#4  Chavez knows Paulson and Bernanke?
Posted by: Besoeker || 01/30/2012 22:27 Comments || Top||


Europe
"Muslim taxi" offers Germans gender-segregated rides
This is an English language version of this story posted in Friday's Rantburg.
A German Muslim has created a new website to arrange shared car trips targeted toward Muslims, where drivers can only offer transport to members of the same sex. Called Muslimtaxi.de, the site is based on the same principle as other popular websites which let cost-conscious Germans arrange shared car rides.

Those interested in offering rides specify their gender, asking price and the number of passengers they can carry. Potential passengers contact the driver directly.

Selim Reid, a 24-year-old from Norderstedt told the Hamburger Abendblatt that Muslims' bad ride-sharing experiences inspired him to create the site. For example, his parents, originally from Iraq, caught a ride with a Muslim-hating driver who criticized them. Reid told the newspaper, "The driver and the people with him swore the whole way about foreigners in general and in particular about my mother's head scarf."

You don't need to be a Muslim to use Reid's service, of course. He told the Abendblatt, that's one of the main points of the service. He said, "Those really looking for dialogue will find it by using Muslim Taxi."

The website has attracted criticism. People have accused Reid of wanting a parallel society and supporting immigrants who don't want to integrate. But Reid says the positive response shows that he's filling a niche. He said, "Many Muslim brothers and sisters complained that they can't use conventional offers because the gender segregation stipulated by Islam is not implemented."
Posted by: ryuge || 01/30/2012 00:00 || Comments || Link || [0 views] Top|| File under:


Angry Greeks condemn EU plot to control its finances
Greece has reacted furiously to a German proposal that an EU budget commissioner with oversight of its economy be installed in Athens after mounting speculation that international lenders will have to stump up yet more money for the country.
Deadbeats usually do react strongly when it's pointed out openly that they are deadbeats...
Addicts don't take kindly to suggestions they have a problem, either.
The escalating row threatened to eclipse Monday's summit after Greece's finance minister, Evangelos Venizelos, issued a tart response to the suggestion, saying his compatriots were themselves capable of fulfilling the "historical obligation" to take the country out of crisis.

The proposal, in a leaked document, argued for the creation of a commissioner with veto powers over the Greek budget, saying Athens' inability to meet fiscal targets had made the post a precondition of further rescue funds from its "troika" of creditors: the EU, IMF and ECB.

"Budget consolidation has to be put under a strict steering and control system," noted the document. "Given the disappointing compliance so far, Greece has to accept shifting budgetary sovereignty to the European level for a certain period of time."

Under the plan, European institutions would have direct control over Greece's budget decisions in what would amount to an extraordinary depletion of a member state's independence in conducting its own affairs.

With the atmosphere among recession-hit Greeks becoming increasingly explosive three years into the crisis, the proposal was angrily denounced with one politician slamming it as the "product of a sick imagination".

"It's absolutely laughable," said a senior government source. "It's a draft paper that appears to have been deliberately leaked but we have no idea who the author is or where it's come from in the German government."

The spat erupted amid reports that the €130bn (£108bn) aid package, agreed as part of a second bailout for the country last October, would now not be enough.
Of course it isn't. The German and French banks are way over-exposed in southern Europe. The Greek citizens don't want to pay for their mistakes, don't see themselves as responsible for what their past governments have done, and don't want to be impoverished for the rest of their lives -- or their retirements at age 50, whichever comes first. And they're certainly not willing to pay back loans made by German bankers who were stupid enough to loan to the Greeks in the first place.
Citing Athens' worsening economic performance and prospects, the German news magazine Der Spiegel quoted a troika official as saying that Greece could need €145bn to be saved once and for all.
'Once and for all' means "about a month" in EU-speak...
Last week, the EU economic and monetary affairs commissioner, Olli Rehn, said a revised analysis had shown that more rescue loans would be needed to make up for a shortfall in the second aid package. The extra money, he said, was required to ensure that Greece's €350bn debt burden was reduced to 120% of GDP by 2020 -- a figure that is seen as manageable.
It used to be thought that a country's debt burden had to be less than 80% of GDP; above that default was inevitable. Then the barrier was said to be 100%. Now it's 120%.
To keep bankruptcy at bay Athens received €110bn from the EU and IMF in May 2010, the biggest bailout in western history. With European taxpayers already irate that Greece will need yet more funds to keep afloat, the €130bn financial support load had previously been seen as a red line across which no EU government was willing to step.

The spectre of the rescue programme being expanded appeared to be the biggest obstacle to a debt deal between Greece and its private sector creditors finally being concluded over the weekend.

Greek officials said while the contentious issue of interest rates on new bonds had been settled -- with one source describing the coupon as "a figure that has pleased everyone" -- the agreement would not be announced until there was consensus over the second bailout.
The same bankers who made the stupid loans in the first place get a cut of each restructuring. The new bonds have to be handled and marketed, after all, and someone has to be paid for that. There are all sorts of fees quietly tacked onto each new bailout. That's one way debtor nations get even more into debt.
The eurozone's first ever debt restructuring, the bond swap foresees banks and other private investors voluntarily accepting a 50% loss in the value of their holdings, a writedown that will slice about €100bn from the nation's debt pile.
I'll believe it when I see it. Did the 'private sector creditors' agree to so much as a single Euro's amount of a haircut in the past? But if they really do turn over 50% of the notes, it will just delay them from having to turn over the other 50% of the notes, which will come next year.
Private sector participation had been set as a prerequisite of further aid being given to Greece. "We are one step before [agreement] being reached," said Venizelos.

With Athens facing repayment of €14.5bn of debt on March 20 -- money it does not have -- time is of the essence in securing a deal.

But negotiations with international debt inspectors that have been conducted in tandem with talks between the government and private creditors have been vastly different in nature.

In what officials have described as "tense discussions", Greek government ministers have argued fiercely with auditors over the need for further belt-tightening measures to plug a burgeoning budget black hole.
And over the desirability for an audit in the first place...
The atmosphere deteriorated last week after the troika urged the interim coalition government to make further savage spending cuts. The demands come amid growing criticism over the performance of Lucas Papademos, the technocrat economist placed at the helm of Athens's transitional government last November.

Highlighting the mounting frustration over Greece's failure to enact economic and structural reforms, the IMF's managing director, Christine Lagarde, said over the weekend: "We're not terribly positive about what has been done, but we want to put together a programme for the country. The country itself has to provide adjustment."

In a bid to rally support for the austerity Athens will inevitably have to impose, Papademos held urgent talks with the leaders of the three parties backing his coalition telling them that without further belt-tightening Greece will not be given the funds it needs to survive. He emerged saying there had been "a convergence of views".

But with general elections scheduled in the spring and no politician willing to be associated with policies that have brought Greeks to their knees it remains to be seen whether the country's political class will put national interests before party politics.
The Greeks aren't serious. They won't admit that their economy is ill. They won't take the medicine. Far better to boot them from the Euro-zone, let them devalue the new drachma, and find a way to fix the German and French banks that are exposed.
Posted by: Steve White || 01/30/2012 00:00 || Comments || Link || [6 views] Top|| File under:

#1  See also WAFF > IMF, EU, + ECB [aka the "Troika] ASK GREECE TO DISBAND MILITARY + LAYOFF 150,000 JOBS | GREECE SHOULD STOP SPENDING ON DEFENSE, HEALTH: TROIKA DRAFT SAYS, in order to meet the anti-Deficit conditions of proposed 2012 Bailout Package.

Greece, etal. = at least 10 US States = USA vee Rising China???

Boy o boy, HUGO "THE US HAS [Land/Islands-destroying, sinking] EARTHQUAKE BOMBS" CHAVEZ is on a roll today.
Posted by: JosephMendiola || 01/30/2012 0:34 Comments || Top||

#2  Aris, you're cool with this, right?
Posted by: Raj || 01/30/2012 1:11 Comments || Top||

#3  Do not feed the trolls, Raj.
Posted by: gromky || 01/30/2012 5:27 Comments || Top||

#4  "The Greeks aren't serious. They won't admit that their economy is ill. They won't take the medicine. Far better to boot them from the Euro-zone, let them devalue the new drachma, and find a way to fix the German and French banks that are exposed."

Steve, many of them do know. It's not an issue of ignorance, it's a matter of not caring. It's a matter of them being the end product of the Gramscian termite, of believing that it is the responsibility of a force (in this case government) outside themselves having the responsibility to take wealth from neighbors and strangers - by force - to make sure that there is no interruption in their own income stream. It's a matter of believing that if there is someone, somewhere, who has two cents more than you do, that cosmically speaking the right thing to do is take one of those cents from that person and give it to you so that everyone ends up the same at the end of the day.

Without shame, or guilt, or loss of autonomy.

In this regard, they aren't a lot different from huge swaths of the rest of Euroland, or the U.S., either.
Posted by: no mo uro || 01/30/2012 5:57 Comments || Top||

#5  no mo uro,
Default, followed by bankruptcy, followed by pain, followed by restructuring, followed by healthier practices by all concerned.

Capitalism is a bit*h, but it works.
Posted by: Mike Ramsey || 01/30/2012 8:23 Comments || Top||

#6  Computers have served to hide the true conditions. Cause no one actually sees the money anymore.

What are needed are pictures of people with wheelbarrows full of bank notes going to buy a loaf of bread or some other vivid picture of the problem.

This is, currently, just spin and smoke and mirrors to the plebs.
Posted by: AlanC || 01/30/2012 9:02 Comments || Top||

#7  Well If the Germans or the Greeks won't the market will.
Posted by: Bright Pebbles || 01/30/2012 14:42 Comments || Top||

#8  See also DEFENCE.PK/FORUMS > THE NEXT GREECE: PORTUGAL BORROWING [public debt] COSTS HIT NEW RECORD [20.27%] | {REUTERS] INVESTORS CUE PORTUGAL AS THE NEXT GREECE.

and

* SAME > [WSJ.com] JAPAN'S DEBT PILE STARTS TO GRAB INVESTORS' ATTENTION.

Nippon may only have a couple of years grace, instead of several, until the country's prohibitive debt burden begins to affect its Govt. + quality-of-life, etc.
Posted by: JosephMendiola || 01/30/2012 20:17 Comments || Top||


Iraq
Dupe entry: After Action: The Battle Against The 'Soldiers Of Heaven' Cult
Posted by: Anonymoose || 01/30/2012 00:00 || Comments || Link || [2 views] Top|| File under:


Israel-Palestine-Jordan
Israel plans overland Asia-Europe train route
JERUSALEM - Israel's government on Sunday began examining a plan for a rail link between its Mediterranean and Red Sea coasts, offering a new route for Europe-Asia trade that could compete with the Suez Canal.
Since, after all, the Suez Canal might not be open much longer...
Prime Minister Benjamin Netanyahu said a passenger line through the desert would for the first time put Israel's southern Red Sea resort of Eilat a two-hour rain ride from Tel Aviv, 350 kilometres (220 miles) away.

"In addition there will be a line for carrying goods from Asia to Europe," Netanyahu told a meeting of his cabinet. "It has created very great interest in among the emerging powers, China and India, and others."

He said that new rail and road networks would join the Eilat line to northern Israel and also become "a junction between continents."

"It is therefore of strategic importance, both nationally and internationally," he said, adding Sunday's discussion would be the first of at least two on the subject.

Of the proposals prepared by the transport ministry, the preferred option was for the work to be done by Chinese state-owned contractors, the ministry's website says.
Which would save lots of money through the use of Chinese convict slave labor.
You don't expect Palestinians to do the work, do you?
"The professional capability of the Chinese companies in the construction of railway systems and transport networks is among the best in the world," the site quoted transport minister Yisrael Katz as saying.

It said Katz met China's transport minister in Beijing in September and the two agreed to prepare a joint proposal for the Eilat link.

Israeli officials say a so-called "Med-Red" railway could also be used for future exports of gas to India, and possibly China, from Mediterranean fields currently under development.

The two biggest Israeli finds, Tamar and Leviathan, lie respectively about 80 and 130 kilometres (50 and 80 miles) off the northern port city of Haifa. Tamar is believed to hold at least 8.4 trillion cubic feet of gas (238 billion cubic metres), while Leviathan is believed to have reserves of 16 trillion cubic feet (450 billion cubic metres).

In June, an Israeli company announced the discovery of two new natural gas fields, Sarah and Mira, around 70 kilometres (45 miles) off the city of Hadera further south along the Mediterranean coast.
Have to get the gas to customers somehow. Run a pipeline in the same right of way as the rail, put a LNG generating facility in Eilat, and just see if the Indians and Chinese become Israel's new best friends.
Posted by: Steve White || 01/30/2012 00:00 || Comments || Link || [2 views] Top|| File under:

#1  I could see an intermodal rail link to move ocean containers from the Med to the Red if ops on the Suez canal gets flakey.
Posted by: Alaska Paul || 01/30/2012 3:28 Comments || Top||

#2  Too bad the French and the Brits aren't up to a repeat of Operation Musketeer.
Posted by: rwv || 01/30/2012 14:16 Comments || Top||

#3  Baby steps. This is very doable, particularly with the westbound export markets. What could be very interesting is if the Arabs, especially Iraq, ever agree to the eastbound pipelines at am Israeli Med terminal. The deal is there for the Paleos and Jordanians to accept, but it would transfer wealth to the shippers from the pumpers. Also makes Hormuz irrelevant. I'm surprised Ron Paul hasn't suggested this. It would alter the appearance of his policy positions.
Posted by: Halliburton - Mysterious Conspiracy Division || 01/30/2012 22:54 Comments || Top||


Science & Technology
Liquipel: clear coating protects your device with a waterproof shield
Not WoT related, but I am looking into for my kids and thought that others might be interested.
Posted by: Mike Ramsey || 01/30/2012 11:54 || Comments || Link || [2 views] Top|| File under:


Boeing Links Up With IAI On Arrow-3
Posted by: Mike Ramsey || 01/30/2012 11:26 || Comments || Link || [8 views] Top|| File under:

#1  BMD Dirigibles? Cold War ASAT = AAMD/ASMD???

AEGIS, PATRIOT, ARROW Series, SURFACE SHIP = FIRE/ARSENAL SHIP, etc. its all Ground-to-Air - YAHZ NEED AIR/MID-FLIGHT-TO-GROUND [end = enemy launch pad].

Just sayin.

* ION INDIAN DEFENCE FORUM > DCNS SMX-25 [stealth fast ...] SUBMARINE/SUBMERGED FRIGATE CONCEPT.

The USN's VIRGINA-class SSN [or better] had sex wid the LCS and became a Big Daddy to the SMX-25.
IOW, Speedy LCS that can surface andor submerge + fire LR thingys that go all Mushroomey = Speedy UW Stealth Subs that can surface + bombard beach landing zones in support of Marines, etal. as pertinent???

versus

* SAME > RUSSIA REVIEWS [mulls] PRODUCTION OF FLARECRAFT [aka Fast Ekranoplans], for now as per its Coast Guard since the Russian Armed Forces have not confirmed or denied interest in the capability.
Posted by: JosephMendiola || 01/30/2012 23:39 Comments || Top||


Posted by: || 01/30/2012 09:52 || Comments || Link || [3 views] Top|| File under:


Posted by: || 01/30/2012 08:29 || Comments || Link || [3 views] Top|| File under:


Posted by: || 01/30/2012 07:44 || Comments || Link || [2 views] Top|| File under:



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Two weeks of WOT
Mon 2012-01-30
  Assad's family caught trying to escape the country, returned to Damascus
Sun 2012-01-29
  Nigerian military kills 11 militants in northeast
Sat 2012-01-28
  UN loses count on Syria killings
Fri 2012-01-27
  Sectarian clashes kill at least 22 in Yemen
Thu 2012-01-26
  Woman Dead as Bombs, Bullets Rain on Nigeria Police Station
Wed 2012-01-25
  SEALS Spring Two, Bag Nine
Tue 2012-01-24
  EU imposes sanctions on Iran oil
Mon 2012-01-23
  U.S. aircraft carrier goes through Strait of Hormuz without incident
Sun 2012-01-22
  Syrian Forces Kill More than 50 Civilian as Dissidents Clash with Troops
Sat 2012-01-21
  Terror attacks in Kano, Nigeria, kill at least 162
Fri 2012-01-20
  Aslam Awan of Abbottabad Dronezapped
Thu 2012-01-19
  Bangladesh army says plot to topple government foiled
Wed 2012-01-18
  Syria 'absolutely rejects' calls for Arab troops
Tue 2012-01-17
  Kenyan jets bomb Al-Shabaab bases
Mon 2012-01-16
  Kenya Arrests 29 Ugandans 'Headed to Somalia to Fight'


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