Archive for September, 2008
U.S. Troops Carry Out Attack Inside Pakistan
September 4th, 2008Via: Guardian: An incursion by foreign troops from Afghanistan into Pakistan that killed at least 20 people, including women and children, has been condemned by the foreign ministry in Islamabad as a “gross violation” of Pakistani territory. Security officials in the region have said the incursion into the tribal area of South Waziristan was carried […]
Option ARM Time Bomb About To Explode
September 4th, 2008Via: Mish: The result? Fitch said it expects 90-day plus delinquencies — already ranging from 10 percent to 24 percent, depending on vintage — to more than double after recast for 2004-2007 vintage loans. It gets worse: Fitch also estimated that the potential average payment increase on the re-casting loans to be 63 percent, representing […]
EUR/USD Daily Interval Hammer
September 4th, 2008WARNING: This is not a recommendation to buy, sell or hold any financial instrument. UPDATE: DOLLAR CONTINUING TO RUN HIGHER I sold my UUP position into this, locking profit. I’ll look at buying it back when the oscillators unwind. I’m NOT reversing it short. —END UPDATE— Dollar longs should review this recent post: A brutal […]
The Sahara Forest Project
September 3rd, 2008This is the second macro scale techno utopia story in as many days. Remember Japan’s “Eco-Rigs” from yesterday. Via: Guardian: Vast greenhouses that use sea water for crop cultivation could be combined with solar power plants to provide food, fresh water and clean energy in deserts, under an ambitious proposal from a team of architects […]
Report on New Zealand Military: Can’t Sail, Can’t Fly, Can’t Fight
September 3rd, 2008Via: New Zealand Herald: The Navy is finding it difficult to sail, the Air Force to fly and the Army would struggle to take part in combat, according to the Defence Force annual report. It paints a picture of all three branches of the defence forces hamstrung by a lack of staff and poor equipment. […]
Swindling at Oracle
September 3rd, 2008Via: Bloomberg: Larry Ellison, Oracle Corp.’s chief executive officer, deliberately destroyed or withheld e-mails and failed to preserve tape recordings that should have been turned over to lawyers for shareholders suing him, a judge ruled. U.S. District Judge Susan Illston in San Francisco said yesterday that the e-mails, as well as tapes and recordings of […]
Navy Google Search: “How Long Can We Detain Illegal Aliens”
September 3rd, 2008The Navy/Marine Corps Intranet (NMCI) user (host: gate3-norfolk.nmci.navy.mil, ip: 138.162.0.43) conducted the following Google search: how long can we detain illegal aliens. The Navy user wound up on this Cryptogon page: Federal Agents Arrest Illegal Immigrants LEAVING U.S.
Georgia Mobilizes Commando Units Near South Ossetia
September 3rd, 2008Hopefully the “Georgian Commandos” won’t lose their U.S. Passports this time… Via: rian.ru: Georgia is mobilizing commando units near its border with South Ossetia, a senior Russian military official said on Tuesday. Russia officially recognized South Ossetia and Abkhazia as independent states on August 26, saying the move was needed to protect the regions after […]
Hedge Fund Wiped Out on Commodity Selloff
September 3rd, 2008WARNING: This is not a recommendation to buy, sell or hold any financial instrument. Pigs get slaughtered. Via: Bloomberg: Ospraie Management LLC, the investment firm run by Dwight Anderson, will close its biggest hedge fund after slumping 38.6 percent this year because of bad bets on commodity stocks. The New York-based Ospraie Fund fell 26.7 […]
Use of Perfumes During Pregnancy Could Cause Male Children to Become Infertile Later in Life, Develop Cancer
September 3rd, 2008Why don’t they mention the dangerous chemicals in question? Via: Guardian: Pregnant women are being urged to stop using perfumes or scented creams after research suggested the products could cause unborn boys to suffer infertility or cancer in later life. Research on rats has found the reproductive system of male foetuses could be damaged by […]
