“Five Leaks in and Around BP’s Well”?
July 21st, 2010Via: Washington Post:
Five leaks in and around BP’s well are more like “drips” and aren’t yet reason to worry, said retired Coast Guard Adm. Thad Allen, the national incident commander. He extended testing of the experimental cap by another day, which means the oil will remain shut in. Seepage two miles from BP’s oil cap is coming from another well, he said.
— BP would like to implement a “static kill” of the well, which involves sending mud and later cement down into the well through the cap, according to BP Senior Vice President Kent Wells. The company is waiting for government approval.
The final closing of the well would still have to be performed by a relief well “bottom kill,” scheduled now to begin in late July or early August if the weather remains good.
America’s New Debtor Prison
July 21st, 2010Via: WalletPop:
People who are imprisoned for their debts are technically locked up for contempt of court after failing to appear for a hearing pertaining to their debt. It’s a legal loophole that debt-collection companies are increasingly using. Here’s how it works: First, the collections company files a lawsuit against the debtor, which requires them to appear in court. If the debtor doesn’t show up, the creditor wins a default judgment against them. This allows them to ask the court to schedule another hearing at which the judge can go through the debtor’s assets and determine if actions such as wage garnishments or bank account seizures can take place.
If the debtor doesn’t show up to that hearing, the hammer of justice can come down hard and fast. From there, the judge can order the debtor in contempt of court and issue a warrant for their arrest. If this seems unnecessarily punitive, the price to get out of jail is even more so, say consumer advocates: Generally, the judge sets the cost of bail at the amount of the disputed debt, an amount which is then turned over to the creditor.
“This is the private use of government resources to collect debt,” Pete Barry, partner at law firm Barry & Slade LLC, told Walletpop.
Killer Drones Get Stealthy
July 20th, 2010Via: Wired:
Today’s killer drones are sitting ducks. Loud, slow-moving, and simple to spot, any air defense more potent than a militant with an AK is liable to take one of the robotic planes down.
But the next generation of unmanned combat aerial vehicles (UCAVs) won’t be the airborne equivalent of fish in a barrel. They’ll fly faster and higher than the current drone crop. And they’ll be somewhat stealthy, as well.
Take the Avenger UCAV, unveiled last year by General Atomic Aeronautical Systems, the company behind the Predator and Reaper drones. With a 41-foot long fuselage and 66-foot wingspan, the Avenger is capable of staying in the air for up to 20 hours, and operating at up to 50,000 feet. Powered by a 4,800-lb. thrust Pratt & Whitney PW545B jet engine, it can fly at over 400 knots — 50 percent faster than the turboprop-powered Reaper unmanned plane, and more than three times as quick as the Predator.
General Atomics says the first Avenger is now flying two to three times a week. “Over the past 15-plus months, only one launch has been canceled due to parts and/or maintenance,” the company notes in a statement. A second and third Avenger are now in production. It’ll be a little longer than the first — 44 feet — and able to haul a 6,000 pound payload. That’s a 50 percent improvement over what the Reaper can carry.
BP Had Blow Out Preventer Modified in China to Save Money
July 20th, 2010Via: Guardian:
BP ordered the owner of the Deepwater Horizon rig, whose explosion led to the worst environmental disaster in US history, to overhaul a crucial piece of the rig’s safety equipment in China, the Observer has learnt. The blow-out preventer – the last line of defence against an out-of-control well – subsequently failed to activate and is at the centre of investigations into what caused the disaster.
Experts say that the practice of having such engineering work carried out in China, rather than the US, saves money and is common in the industry.
This weekend BP remained cautiously optimistic that the cap placed on top of the Gulf of Mexico well on Thursday night would continue to hold back the torrent of oil. It is the first time the flow has been stopped since the accident happened almost three months ago. But BP said that the pressure readings from the Macondo well were not as high as it had hoped, which could indicate that it has ruptured and that oil could be leaking out somewhere else.
There is no evidence that the significant modifications to the blowout preventer (BOP), which were carried out in China in 2005, caused the equipment to fail. But industry lawyers said BP could be made liable for any mistakes that a Chinese subcontractor made carrying out the work. It would be almost impossible to secure damages in China, where international law is barely recognised.
It is understood that lawyers for Cameron International, the manufacturer of the BOP, will argue the device was so significantly modified in China that it no longer resembled the original component, and that Cameron should therefore not be held liable.
Transocean, the owner of the Deepwater Horizon, which bought the BOP from Cameron, has already told congressional hearings into the disaster that the modifications were carried out at BP’s request and “under its direction” as the lessee of the rig. BP and Cameron declined to comment this weekend.
New Revenue Source for British Government: Dormant Bank Accounts
July 19th, 2010Via: Bloomberg:
U.K. Prime Minister David Cameron announced plans to use “hundreds of millions of pounds” from dormant bank accounts to fund community projects, while Business Secretary Vince Cable said lenders “ripped off” customers.
Cameron said he will press ahead with a proposal set out in the coalition government’s program to establish a “Big Society Bank” to finance moves by charitable groups and not-for-profit companies to take over jobs currently done by the government.
“These unclaimed assets, alongside the private-sector investment that we will leverage, will mean that the Big Society Bank will over time make available hundreds of millions of pounds of new finance to some of the most dynamic social organizations in our country,” Cameron said in a speech in Liverpool, northwest England, today.
Cameron said the idea ties in with his plans for a general overhaul of the public services, as the government tries to narrow a record budget deficit. The new Office for Budget Responsibility forecasts that 490,000 public-sector jobs will be lost by April 2015.
“We’ve got to get rid of the centralized bureaucracy that wastes money and undermines morale,” Cameron said. “In its place, we’ve got to give professionals much more freedom and open up public services to new providers like charities, social enterprises and private companies so we get more innovation, diversity and responsiveness to public need.”
Existing Legislation
A law passed in 2008 under Gordon Brown’s Labour government allows the government to use money from dormant bank and building-society accounts “for social or environmental purposes.” An account is dormant if the holder has made no transactions over a period of 15 years.
Engineers Detect Seepage “A Distance” from BP’s Capped Oil Well
July 19th, 2010For weeks, Matt Simmons has been saying that there’s much more to this than the riser we’ve all seen in the videos. Still… We have no idea what’s actually happening down there.
Note: Simmons is a member of the Council on Foreign Relations, according to Wikipedia (which doesn’t provide any source), and this ASPO bio page for a talk he gave.
Via: Bloomberg:
U.S. government officials demanded to see BP Plc’s plans for opening its sealed Gulf of Mexico well after tests found a suspected leak seeping from the seabed.
In a letter addressed to Bob Dudley, BP managing director, National Incident Commander Thad Allen said tests had detected a “seep a distance from the well and undetermined anomalies at the well head.” The letter was posted yesterday on the website of the joint information center for the spill.
No decision was announced on whether BP will be ordered to open the valves sealing the well, which would allow oil to resume flowing. BP would resume efforts to capture the oil and funnel it to vessels at the surface after the well is opened.
“I direct you to provide me a written procedure for opening the choke valve as quickly as possible without damaging the well should hydrocarbon seepage near the well head be confirmed,” Allen wrote in the letter.
Research Credit: DK
WikiLeaks Blog
July 19th, 2010There’s not much on there yet: WikiLeaks Blog.
Top Secret America
July 19th, 2010Blah. The map doesn’t show the names of the companies. Additionally, according to the fine print on the map: “The locations of company headquarters have been adjusted to appear on the map within a mile of its actual location.” *shaking head* I guess this might deter some under-12-year-olds from figuring out the locations.
You can, however, search by city and company names come up there.
The spiral thingy under EXPLORE CONNECTIONS is interesting, but it doesn’t show you which companies are associated with the government and military organizations in question. Blah.
Via: Washington Post:
“Top Secret America” is a project nearly two years in the making that describes the huge national security buildup in the United States after the Sept. 11, 2001, attacks.
When it comes to national security, all too often no expense is spared and few questions are asked – with the result an enterprise so massive that nobody in government has a full understanding of it. It is, as Dana Priest and William M. Arkin have found, ubiquitous, often inefficient and mostly invisible to the people it is meant to protect and who fund it.
The articles in this series and an online database at topsecretamerica.com depict the scope and complexity of the government’s national security program through interactive maps and other graphics. Every data point on the Web site is substantiated by at least two public records.
Because of the nature of this project, we allowed government officials to see the Web site several months ago and asked them to tell us of any specific concerns. They offered none at that time. As the project evolved, we shared the Web site’s revised capabilities. Again, we asked for specific concerns. One government body objected to certain data points on the site and explained why; we removed those items. Another agency objected that the entire Web site could pose a national security risk but declined to offer specific comments.
We made other public safety judgments about how much information to show on the Web site. For instance, we used the addresses of company headquarters buildings, information which, in most cases, is available on companies’ own Web sites, but we limited the degree to which readers can use the zoom function on maps to pinpoint those or other locations.
Our maps show the headquarters buildings of the largest government agencies involved in top-secret work. A user can also see the cities and towns where the government conducts top-secret work in the United States, but not the specific locations, companies or agencies involved.
Within a responsible framework, our objective is to provide as much information as possible, so readers gain a real, granular understanding of the scale and breadth of the top-secret world we are describing.
Ireland’s Credit Rating Downgraded by Moody’s
July 19th, 2010Via: Irish Times:
Credit agency Moody’s has downgraded Ireland’s government bond ratings to Aa2, blaming banking liabilities, weak growth prospects and a substantial increase in the debt to GDP ratio.
However, Moody’s lead analyst for Ireland Dietmar Hornung said it was a “gradual, significant deterioration, but not a sudden, dramatic shift”, and the agency believed Ireland has “turned the corner”.
The general government debt-to-GDP ratio was at 64 per cent at the end of last year, up from 25 per cent before the financial crisis took hold, and is continuing to rise.
“Today’s downgrade is primarily driven by the Irish government’s gradual but significant loss of financial strength, as reflected by its deteriorating debt affordability,” said Mr Hornung.
The support provided to the banking system, which includes the transfer of billions of euro worth of loans from banks to the National Asset Management Agency, was also cited as a key factor in the rating downgrade. Recapitalisation measures already announced may reach €25 billion, the agency said, but Anglo Irish Bank may require further support.
“While we do not expect the government – not even in a moderately stressed scenario — to incur permanent losses in excess of 25 per cent of the country’s 2009 GDP as a result of these obligations, we believe that the uncertainty surrounding final losses would exert additional pressure on the government’s financial strength,” the agency said in a statement.
The move comes just over a year after Moody’s last downgraded the country’s rating. On July 2nd 2009, the agency gave the bonds a Aa1 rating, with a negative outlook.
However, the outlook was today changed to stable, with Moody’s now viewing the upside and downside risks as evenly balanced at the current rating level.
New Zealand: Country Calendar: Growing Strong — Whangarei Growers Market
July 19th, 2010We were over at my mother and father in laws’ house on Saturday. They have a television, so we all watched Country Calendar.
Country Calendar is usually very good, but it was particularly good this time.
Most of the food purchased in New Zealand is sold through the retail networks of just two large corporations. There’s New Zealand based Foodstuffs (which operate New World, Pak’n Save and Four Square stores) and Australian based Woolworths Limited (which operate Woolworths, Countdown and Foodtown stores). This duopoly has led to New Zealand having the second highest food price increases in the world over the last decade. (The cost of food in South Korea increased the most.)
The duopoly that has a death grip on most of New Zealand in the retail food sector exists to screw everyone over, except shareholders, to the extent possible. The people who produce the food are paid the minimum possible price. The people who buy the food are charged the maximum possible price. Yes, while that sounds like a good business model for the vampire middlemen, it pretty much sucks for everyone else.
Now, you know how I’m always going on about the power of many small scale producers selling directly to the retail customers.
Well, don’t worry, I’m not going to write it all out again.
Just feast your eyes on what happened when a couple of small scale growers got fed up with being screwed over by Foodstuffs and Woolworths. HAHA! This is fantastic.
Behold: The Whangarei Growers Market.
The retail customers are buying more varieties of higher quality food for lower prices. The growers are earning more, having eliminated the vampire middlemen. Foodstuffs and Woolworths, aren’t allowed to have stalls at the Whangarei Growers Market because they’re not growers. The purpose of the market is for local producers to sell locally produced food. And by the look of it, people seem to like the arrangement quite a lot. The vampire squid duopoly middlemen… Not so much.
Watch: Country Calendar: Growing Strong.
Here’s a bit more from Transition Towns Whangarei:
Via: TVNZ Country Calendar:
When supermarket price-setting was threatening the livelihood of Northland growers, they fought back by cutting out the middle man and selling their produce direct to consumers.
Today the Whangarei Growers Market is a thriving venture providing a living for around 30 local producers. Many more seasonal suppliers jostle for space throughout the year.
The market was started 12 years ago by Robert Bradley and Murray Burns in what has been likened to a David and Goliath struggle.
Robert Bradley says the supermarket chains were using their buying power to dictate prices, with low returns driving small to medium sized growers out of business.
Tomato grower and market co-founder Murray Burns was one of those whose margins were being whittled away.
“The only way to deal with that was to get much bigger or close down – and we wanted to do neither,” says Murray.
The pair were inspired by the concept of village markets in Europe and the United Kingdom, and a resurgence of farmers’ markets in the United States.
They found other growers who shared their predicament and a group of 12 held the first market in a car-park in Whangarei in 1998.
It now takes place every Saturday morning and, when Country Calendar visited, everything from fruit, vegetables, meat, eggs, milk and cheese to macadamia nuts and olive oil was on sale. The market has a rule that all produce must originate in Northland.
The local-only principle has kept struggling growers afloat and encouraged new businesses that may not otherwise have been viable. Asparagus, for example, is now grown in Northland for the first time in many years.
The market is also a venue for growers and consumers to meet face-to-face – there is a requirement that growers are also the stallholders.
At the peak of the growing season, the market attracts up to 6000 shoppers over the four hours it is open. Around 50 pallets, or 2000 cases, of produce is sold each Saturday.
Robert Bradley says the key to success has been offering significant qualities of high quality local produce at moderate prices.
Many similar markets have sprung up around the country in the last decade but the Whangarei enterprise deliberately distances itself from the popular farmers’ market movement.
Robert believes some of the newer markets have got sidetracked into “food fashion”.
“For us it is a matter of ‘keep it simple stupid’ – and it has really worked.”


