Posted by smeddum on October 7, 2008
“OSU’s Boehlert also wonders whether underwater noise or electromagnetic fields will alter the ability of fish to navigate and find food.”
Some Coastal Towns Need Persuading To Embrace Wave Energy
BY TOM BANSE
Coos Bay, OR October 7, 2008 5:22 a.m. OPB News
NEWPORT, Ore. – R&D engineers rig a wave energy buoy during sea trials earlier this September.
Harnessing the power of ocean waves to make electricity is all the rage among Northwest politicians and conservationists. Oregon State University and the University of Washington just got a big grant to work on wave and tidal energy. Read the rest of this entry »
Posted in Ecological and Public Health Crisis | Tagged: electromagnetism, salmon disappearing | Leave a Comment »
Posted by seumasach on October 7, 2008
Tom Burghart
6th October, 2008
Ten months before the September 11, 2001 terrorist attacks, Secretary of Defense Donald Rumsfeld approved an updated version of the U.S. Army’s secret operational Continuity of Government (COG) plans.
Read the rest of this entry »
Posted in Uncategorized | Tagged: "War on Terror", controlled demolition of US constitution, northern command | Leave a Comment »
Posted by smeddum on October 7, 2008
Tuesday, October 7th, 2008
Credit Crisis Update: Rising LIBOR Hints at Bigger Problems to Come
By Keith Fitz-Gerald
Investment Director
Money Morning/The Money Map Report
More than a year ago, even before the subprime-mortgage crisis had revved itself up into the full-fledged credit crisis that’s now threatening global growth, we pointed to the London Interbank Offered Rate (LIBOR) and other interbank rates that suggested that the worst was yet to come. Read the rest of this entry »
Posted in Uncategorized | Tagged: credit crisis, LIBOR | Leave a Comment »
Posted by seumasach on October 7, 2008
Hildur Helga Sigurðardóttir in Reykjavik, Helen Power and Peter Stiff
7th October, 2008
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The Icelandic Government seized control of the country’s biggest banks last night in an attempt to fend off wholesale economic collapse.
Turmoil at the banks, whose shares were suspended by the Government yesterday afternoon, had sparked panic in the tiny state, which has a population of 300,000, about the size of Coventry.
Read the rest of this entry »
Posted in Uncategorized | Tagged: financial collapse, Iceland | Leave a Comment »
Posted by seumasach on October 7, 2008
There’ll never be a day so sunny,
It could not happen twice.
Where is the man with all the money?
It’s cheap at half the price!
From the Musical Oliver
agonist.org
Henry Paulson has turned into our very own Oliver now that he has gotten permission from the Congress to start peddling toxic mortgage securities and credit default swaps. Soon Old Hank is going to be out on the street corner with his bucket of goodies, glowing bright green with radioactivity. He’ll be looking for the man with all the money, willing to purchase something at half the price, or better.
Read the rest of this entry »
Posted in Uncategorized | Tagged: financial collapse, parallel banking universe | Leave a Comment »
Posted by smeddum on October 6, 2008
French Premier Francois Fillon:
We’re on “the edge of the abyss”
By Mike Whitney
06/10/08 ‘”ICH” — – Years from today, when the current financial crisis is over, historians are likely to agree that it would have been far better if the Bush administration had declared a state of emergency earlier in the process so that the necessary steps could have taken to avoid a complete financial meltdown. The media could have been used to bring the American people up to date on market-related developments and educated in the bizarre language of structured finance. Knowledge is power; and power can prevent panic. Read the rest of this entry »
Posted in Financial crisis | Tagged: financial meltdown | 1 Comment »
Posted by smeddum on October 6, 2008
How the Euro is gaining currency
As the credit crunch bites harder, joining the Euro may prove not just economic wisdom but simple self-preservation for the UK
John Stevens
guardian.co.uk, Monday October 06 2008 19:30 BST
If one wanted a definitive measure of the anti-European bias of our financial commentators, it has been the exaggerated reaction to present uncertainties over national government bank support schemes within the European Union. Of course, the current competitive bailouts are highly undesirable, as the reaction of the markets has shown. They should and will, doubtless, be replaced by a more coherent and coordinated approach, not least as a result of the fallout we have seen. There is no alternative to this. Read the rest of this entry »
Posted in Uncategorized | Tagged: join the euro! | Leave a Comment »
Posted by seumasach on October 6, 2008
Japan, with interests rates next to zero, has played the role of piggy bank to the global economy in recent years. Now this “carry trade”, one of the pillars of the global financial system is unwinding.
Kosuke Takahashi
Asia Times
3rd October, 2008
TOKYO – Faced with a gloomy outlook for the faltering United States financial system and serious worries about a global slowdown, the Japanese yen is looking to be one of the winners in the turmoil as investors increasingly seek to reduce risk.
Read the rest of this entry »
Posted in Financial crisis | Tagged: financial collapse, yen caary trade | Leave a Comment »
