cryptogon.com

The first round of quantitative easing, as the Fed policy is termed, in 2009 was justified because the global economy lacked liquidity, Zhu told reporters in Beijing today. With a recovery now under way, new purchases of Treasuries to inject funds into the financial system may be destabilizing, he said.

“Around the world we have $10 trillion of hot money flowing around, more than the $9 trillion in hot money at the beginning of the global financial crisis,” Zhu said. The U.S. “has not fully taken into consideration the shock of excessive capital flows to the financial stability of emerging markets.”

But if the recent data from the lab of Prof. Daryl Bem at Cornell University is correct, conventional scientific wisdom may need some corrections on this particular point.

In a research paper titled Feeling the Future, recently accepted for publication in the prestigious Journal of Personality and Social Psychology, Bem presents some rather compelling empirical evidence that in some cases — and with weak but highly statistically significant accuracy – many human beings can directly perceive the future. Not just predict it based on the past.

A pre-publication copy of Bem’s paper is available on his website, and it should appear on the journal’s website shortly. The article is already attracting considerable attention, including a piece in Psychology Today. Also, Bem reports that he has already received hundreds of requests for “replication packages” — documentation and software allowing others to repeat the experiments he did. If you want to try to replicate the work yourself, replication packages for some of the experiments are already available at http://dbem.ws/psistuff.

If Bem’s results are indeed replicated, this will shock some scientists, but many others will say “I told you so.”

…

And what were the results?

1. “Across all 100 sessions, participants correctly identified the future position of the erotic pictures significantly more frequently than the 50% hit rate expected by chance: 53.1%.” (which is highly statistically significant given the number of trials involved, according to the calculations shown in the paper)
2. “In contrast, their hit rate on the non-erotic pictures did not differ significantly from chance: 49.8. This was true across all types of non-erotic pictures: neutral pictures, 49.6%; negative pictures, 51.3%; positive pictures, 49.4%; and romantic but non-erotic pictures, 50.2%.”

Martin Joel Erzinger, 52, faces two misdemeanor traffic charges stemming from a July 3 incident when he allegedly hit bicyclist Dr. Steven Milo from behind then sped away, according to court documents.

Milo and his attorney, Harold Haddon, are livid about the prosecution’s decision to drop the felony charge. They filed their objection Wednesday afternoon, the day after prosecutors notified Haddon’s office by fax of their decision.

The incident occurred on October 29 on Air Canada flight AC018 to Vancouver originating in Hong Kong. An intelligence alert from the Canada Border Services Agency describes the incident as an “unbelievable case of concealment.”

“Information was received from Air Canada Corporate Security regarding a possible imposter on a flight originating from Hong Kong,” the alert says. “The passenger in question was observed at the beginning of the flight to be an elderly Caucasian male who appeared to have young looking hands. During the flight the subject attended the washroom and emerged an Asian looking male that appeared to be in his early 20s.”

After landing in Canada, Border Services Officers (BSOs) escorted the man off the plane where he “proceeded to make a claim for refugee protection,” the alert says.

“The subject initially claimed to be in possession of one bag; however, flight crew approached the BSOs with two additional pieces of luggage which were believed to belong to the subject. One bag contained the subject’s personal clothing items while the second contained a pair of gloves. The third contained a ‘disguise kit’ which consisted of a silicone type head and neck mask of an elderly Caucasian male, a brown leather cap, glasses and a thin brown cardigan.”

The man put on the disguise for the officers who “noted he very much resembled an elderly Caucasian man, complete with mimicking the movements of an elderly person. The subject admitted at this time that he had boarded the flight with the mask on and had removed it several hours later,” according to the alert.

“We can confirm that officials from the CBSA met a passenger arriving off AC018 Hong Kong to Vancouver on October 29 and the matter is still under investigation,” said Air Canada spokesman Peter Fitzpatrick, who noted that “there are multiple identity checks before departure at the Hong Kong international airport, including Chinese government-run Hong Kong passport control, which Hong Kong originating passengers must undergo.”

Hong Kong officials said they are aware of the incident and would call back with more information later.

Jennifer Bourque, regional communications officer for the CBSA, confirmed that “we intercepted an individual, on October 29, attempting to enter Canada under false pretenses on-board an Air Canada flight.”

“CBSA can confirm that the foreign national is currently in CBSA detention,” she said. “The individual will present before an IRB hearing. The officials of the CBSA will not disclose further information on this file.”

Because of Privacy Act regulations, she said, she cannot provide details about specific cases.

“However, I can tell you that CBSA officers examine all passengers arriving on international flights at Vancouver International Airport,” she said. “CBSA works closely with air carriers and local, national and international law enforcement partners, to ensure the safety of our borders and our communities. Getting the right information at the right time is a key element in keeping Canada’s border closed to safety and security threats.”

The agency would not discuss when or why the man put on the disguise or details about how he boarded the plane. But the alert indicated that the suspect boarded the plane with a board pass belonging to another passenger.

“It is believed that the subject and the actual United States Citizen passenger (whose date of birth is 1955) performed a boarding pass swap, with the subject using an Aeroplan card as identification to board the flight,” the alert said.

Food stamp recipients ticked up in August, children consumed millions of free lunches and nearly five million low-income mothers tapped into a government nutrition program for women and young children.

Some 42,389,619 Americans received food stamps in August, a 17% rise from the same time a year ago, according to the U.S. Department of Agriculture, which tracks the data. That number is up 58.5% from August 2007, before the recession began.

By population, Washington, D.C. had the largest share of residents receiving food stamps: More than a fifth, 21.1%, of its residents collected assistance in August. Washington was followed by Mississippi, where 20.1% of residents received food stamps, and Tennessee, where 20% tapped into the government nutrition program.

Idaho posted the largest jump in recipients in the past year. The number of people receiving food stamps climbed 38.8% but their rolls are still fairly low. Just 211,883 Idaho residents collected food stamps in August.

The increase undermines hopes that unemployment claims, after falling four times in the previous five weeks, were on a sustained downward trend. That would signal layoffs were slowing and hiring was picking up. Instead, claims remain stuck at an elevated level.