Why Morning People Rule the World

July 6th, 2010

Via: London Evening Standard:

We are all morning or evening people. Scientists have established that our genes dictate around half of what they call our “chronotypes” — our natural preference for certain times of the day.

Evolution has produced a range of humans capable of being alert to danger at every hour of the day. Our experience confirms these findings. We all know people who love to be at work bright and early, with a cup of coffee to hand and decisions to make, and others who would rather stumble through the day until reaching a state of relaxed clarity around dusk, when their minds are purring.

The problem is that those with the genetic gift of “morning-ness” tend to be more highly rewarded. Morning-ness is perceived as a sign of activity and zest, whereas evening-ness implies laziness and loafing. How often did we have to see David Cameron on one of his early-morning runs to get the idea that here was a leader of potency and vigour? How different would it have been if he slunk out of bed to work, then exercised at around 8pm? Could a Prime Minister be elected today who worked like Churchill, reading, writing and thinking in bed before getting out of it at noon?

History is full of great bores praising the virtues of early rising, but few have made the case for letting the day drift by until you kick into gear around happy hour.

Yet the research continues to mount, arguing that evening people have qualities which should be nurtured. They tend to be more creative, intelligent, humorous and extroverted. They are the balance to morning people, who are said to be more optimistic, proactive and conscientious.


BP Remains Key Pentagon Fuel Supplier

July 5th, 2010

So it goes…

Via: AFP:

Despite its role in the Gulf of Mexico oil spill, energy giant BP remains a key supplier of fuel to the Pentagon, The Washington Post reported.

Citing data from the Defense Logistics Agency, the newspaper said BP had contracts with the US Defense Department worth at least 980 million dollars in the current fiscal year.

In fiscal 2009, BP was the Pentagon’s largest single supplier of fuel, providing 11.7 percent of the total purchased, and in 2010, its contracts amount to roughly the same percentage, the report said.

The paper quoted BP spokesman Robert Wine as saying he was aware of at least one “big contract” signed by the US military after the oil rig explosion on April 20 that led to the largest environmental disaster in US history.


Britain: Surveillance System Monitors Conversations

July 5th, 2010

Via: Telegraph:

The technology, called Sigard, monitors movements and speech to detect signs of threatening behaviour.

Its designers claim the system can anticipate anti-social behaviour and violence by analysing the information picked up its sensors.

They say alerts are then sent to police, nightclub bouncers or shop security staff, which allow them to nip trouble in the bud before arguments spiral into violence.

The devices are designed to distinguish between distress calls, threatening behaviour and general shouting.

The system, produced by Sound Intelligence, is being used in Dutch prisons, city centres and Amsterdam’s Central Rail Station.

Coventry City Council is funding a pilot project which has for six months and has installed seven devices in the nightlife area on the High Street.

Dylan Sharpe, from Big Brother Watch, said: “There can be no justification for giving councils or the police the capability to listen in on private conversations.

“There is enormous potential for abuse, or a misheard word, causing unnecessary harm with this sort of intrusive and overbearing surveillance.”

A CV1 spokesman said: “We had the system for six months. It is no longer in use.”

No one from the organisation was available to comment on whether the trial was a success.

The new Coalition Government has announced a review of the use of CCTV with a pledge to tilt the balance away from snooping by the authorities to defend civil liberties.


TSA to Block Websites that Contain Controversial Opinions

July 4th, 2010

Via: CBS:

The Transportation Security Administration (TSA) is blocking certain websites from the federal agency’s computers, including halting access by staffers to any Internet pages that contain a “controversial opinion,” according to an internal email obtained by CBS News.

The email was sent to all TSA employees from the Office of Information Technology on Friday afternoon.

It states that as of July 1, TSA employees will no longer be allowed to access five categories of websites that have been deemed “inappropriate for government access.”

The categories include:

Chat/Messaging

Controversial opinion

Criminal activity

Extreme violence (including cartoon violence) and gruesome content

Gaming

The email does not specify how the TSA will determine if a website expresses a “controversial opinion.”

There is also no explanation as to why controversial opinions are being blocked, although the email stated that some of the restricted websites violate the Employee Responsibilities and Conduct policy.

The TSA did not return calls seeking comment by publication time.


“Should BP Nuke Its Leaking Well?”

July 3rd, 2010

Detonating Nuclear Bomb at BP Oil Spill Site… Might Produce a Bad Result

Via: Reuters:

His face wracked by age and his voice rasping after decades of chain-smoking coarse tobacco, the former long-time Russian Minister of nuclear energy and veteran Soviet physicist Viktor Mikhailov knows just how to fix BP’s oil leak in the Gulf of Mexico.

“A nuclear explosion over the leak,” he says nonchalantly puffing a cigarette as he sits in a conference room at the Institute of Strategic Stability, where he is a director. “I don’t know what BP is waiting for, they are wasting their time. Only about 10 kilotons of nuclear explosion capacity and the problem is solved.”

A nuclear fix to the leaking well has been touted online and in the occasional newspaper op-ed for weeks now. Washington has repeatedly dismissed the idea and BP execs say they are not considering an explosion — nuclear or otherwise. But as a series of efforts to plug the 60,000 barrels of oil a day gushing from the sea floor have failed, talk of an extreme solution refuses to die.

For some, blasting the problem seems the most logical answer in the world. Mikhailov has had a distinguished career in the nuclear field, helping to close a Soviet Union program that used nuclear explosions to seal gas leaks. Ordinarily he’s an opponent of nuclear blasts, but he says an underwater explosion in the Gulf of Mexico would not be harmful and could cost no more than $10 million. That compares with the $2.35 billion BP has paid out in cleanup and compensation costs so far. “This option is worth the money,” he says.

And it’s not just Soviet boffins. Milo Nordyke, one of the masterminds behind U.S. research into peaceful nuclear energy in the 1960s and ’70s says a nuclear explosion is a logical last-resort solution for BP and the government. Matthew Simmons, a former energy adviser to U.S. President George W. Bush and the founder of energy investment-banking firm Simmons & Company International, is another calling for the nuclear option.

Even former U.S. President Bill Clinton has voiced support for the idea of an explosion to stem the flow of oil, albeit one using conventional materials rather than nukes. “Unless we send the Navy down deep to blow up the well and cover the leak with piles and piles and piles of rock and debris, which may become necessary … unless we are going to do that, we are dependent on the technical expertise of these people from BP,” Clinton told the Fortune/Time/CNN Global Forum in South Africa on June 29.

Clinton was picking up on an idea mooted by Christopher Brownfield in June. Brownfield is a one-time nuclear submarine officer, a veteran of the Iraq war (he volunteered in 2006) and now a nuclear policy researcher at Columbia University. He is also one of a number of scientists whose theories rely not on nuclear bombs — he did toy with that thought for a while — but on conventional explosives that would implode the well and, if not completely plug it with crushed rock, at least bring the flow of oil under control. “It’s kind of like stepping on a garden hose to kink it,” Brownfield says. “You may not cut off the flow entirely but it would greatly reduce the flow.”


Exploding H-Bombs In Space

July 3rd, 2010

Via: NPR:

Back in the summer of 1962, the U.S. blew up a hydrogen bomb in outer space, some 250 miles above the Pacific Ocean. It was a weapons test, but one that created a man-made light show that has never been equaled — and hopefully never will.


Warning To Gulf Volunteers: Almost Every Cleanup Worker From The 1989 Exxon Valdez Disaster Is Now Dead

July 2nd, 2010

At least they have some nice accommodations: Banned FEMA Formaldehyde Trailers Return for Latest Gulf Disaster.

Via: Business Insider:

Are you sure that you want to help clean up the oil spill in the Gulf of Mexico? In a previous article we documented a number of the health dangers from this oil spill that many scientists are warning us of, and now it has been reported on CNN that the vast majority of those who worked to clean up the 1989 Exxon Valdez oil spill in Alaska are now dead. Yes, you read that correctly. Almost all of them are dead.


Schwarzenegger Orders Minimum Wage for State Workers

July 2nd, 2010

Via: Sacramento Bee:

The Schwarzenegger administration today ordered State Controller John Chiang to reduce state worker pay for July to the federal minimum allowed by law — $7.25 an hour for most state workers.

The instructions from the Department of Personnel Administration exclude roughly 37,000 state workers in six bargaining units that recently came to tentative labor agreements with Gov. Arnold Schwarzenegger.

Some employees, such as doctors and lawyers, would get no pay because federal exempts them from any minimum wage requirement. Managers, supervisors and others who don’t get paid for working more than 40 hours per week would receive $455 per week until a budget deal got done.

Schwarzenegger has invoked a 2003 state Supreme Court decision as grounds for the move. That ruling, White v. Davis, held that without a budget that appropriates money for state payroll, employee wages can be withheld to the federal minimum. That condition exists today, which is the start of the 2010-11 fiscal year and the state is without a budget. The back pay would be paid once a budget is enacted.


How Goldman Gambled on Starvation

July 2nd, 2010

I’ll point to my commentary on this from 2008, CBOT Resembles Carnival Act as Billion Dollar Black Box Operators Move In:

Leveraged speculation on commodities shouldn’t be allowed. Speculate on things like indexes, stocks, bonds and currencies until you’re blue in the face. None of those things are real anyway. But leveraged speculation on tangible goods actually makes a mockery of the market system by distorting prices.

If I buy a wheat contract, I should have to take delivery of the physical wheat on the specified date. If I sell a wheat contract, I should have to deliver the physical wheat on the specified date. I should not be allowed to buy or sell those leveraged contracts without having to take delivery, or deliver, physical goods. I shouldn’t be allowed to close my position without an exchange of goods.

The same should hold true for gold, coffee, palladium or any other commodity.

It is absolute madness that commodities are bought and sold using leveraged vehicles in markets that allow participation by speculators; individuals and organizations who have no interest or connection to the underlying physical commodity.

Via: Independent:

By now, you probably think your opinion of Goldman Sachs and its swarm of Wall Street allies has rock-bottomed at raw loathing. You’re wrong. There’s more. It turns out that the most destructive of all their recent acts has barely been discussed at all. Here’s the rest. This is the story of how some of the richest people in the world – Goldman, Deutsche Bank, the traders at Merrill Lynch, and more – have caused the starvation of some of the poorest people in the world.

…

To understand the biggest cause, you have to plough through some concepts that will make your head ache – but not half as much as they made the poor world’s stomachs ache.

For over a century, farmers in wealthy countries have been able to engage in a process where they protect themselves against risk. Farmer Giles can agree in January to sell his crop to a trader in August at a fixed price. If he has a great summer, he’ll lose some cash, but if there’s a lousy summer or the global price collapses, he’ll do well from the deal. When this process was tightly regulated and only companies with a direct interest in the field could get involved, it worked.

Then, through the 1990s, Goldman Sachs and others lobbied hard and the regulations were abolished. Suddenly, these contracts were turned into “derivatives” that could be bought and sold among traders who had nothing to do with agriculture. A market in “food speculation” was born.

So Farmer Giles still agrees to sell his crop in advance to a trader for £10,000. But now, that contract can be sold on to speculators, who treat the contract itself as an object of potential wealth. Goldman Sachs can buy it and sell it on for £20,000 to Deutsche Bank, who sell it on for £30,000 to Merrill Lynch – and on and on until it seems to bear almost no relationship to Farmer Giles’s crop at all.

If this seems mystifying, it is. John Lanchester, in his superb guide to the world of finance, Whoops! Why Everybody Owes Everyone and No One Can Pay, explains: “Finance, like other forms of human behaviour, underwent a change in the 20th century, a shift equivalent to the emergence of modernism in the arts – a break with common sense, a turn towards self-referentiality and abstraction and notions that couldn’t be explained in workaday English.” Poetry found its break with realism when T S Eliot wrote “The Wasteland”. Finance found its Wasteland moment in the 1970s, when it began to be dominated by complex financial instruments that even the people selling them didn’t fully understand.

So what has this got to do with the bread on Abiba’s plate? Until deregulation, the price for food was set by the forces of supply and demand for food itself. (This was already deeply imperfect: it left a billion people hungry.) But after deregulation, it was no longer just a market in food. It became, at the same time, a market in food contracts based on theoretical future crops – and the speculators drove the price through the roof.

Here’s how it happened. In 2006, financial speculators like Goldmans pulled out of the collapsing US real estate market. They reckoned food prices would stay steady or rise while the rest of the economy tanked, so they switched their funds there. Suddenly, the world’s frightened investors stampeded on to this ground.

So while the supply and demand of food stayed pretty much the same, the supply and demand for derivatives based on food massively rose – which meant the all-rolled-into-one price shot up, and the starvation began. The bubble only burst in March 2008 when the situation got so bad in the US that the speculators had to slash their spending to cover their losses back home.

When I asked Merrill Lynch’s spokesman to comment on the charge of causing mass hunger, he said: “Huh. I didn’t know about that.” He later emailed to say: “I am going to decline comment.” Deutsche Bank also refused to comment. Goldman Sachs were more detailed, saying they sold their index in early 2007 and pointing out that “serious analyses … have concluded index funds did not cause a bubble in commodity futures prices”, offering as evidence a statement by the OECD.

How do we know this is wrong? As Professor Ghosh points out, some vital crops are not traded on the futures markets, including millet, cassava, and potatoes. Their price rose a little during this period – but only a fraction as much as the ones affected by speculation. Her research shows that speculation was “the main cause” of the rise.

So it has come to this. The world’s wealthiest speculators set up a casino where the chips were the stomachs of hundreds of millions of innocent people. They gambled on increasing starvation, and won. Their Wasteland moment created a real wasteland. What does it say about our political and economic system that we can so casually inflict so much pain?


Banned FEMA Formaldehyde Trailers Return for Latest Gulf Disaster

July 2nd, 2010

Children in Katrina Trailers May Face Lifelong Ailments

FEMA Trailer Manufacturers Knew About Formaldehyde, Findings Went Undisclosed

Formaldehyde-Laced Death Trailers to Haiti!?

Judge Rejects Class-Action Status in FEMA Trailer Suits

Via: New York Times:

In the wake of Hurricane Katrina, they became a symbol of the government’s inept response to that disaster: the 120,000 or so trailers provided by the Federal Emergency Management Agency to people who had lost their homes.

The trailers were discovered to have such high levels of formaldehyde that the government banned them from ever being used for long-term housing again.

Some of the trailers, though, are getting a second life amid the latest disaster here — as living quarters for workers involved with the cleanup of the oil spill.

They have been showing up in mobile-home parks, open fields and local boatyards as thousands of cleanup workers have scrambled to find housing.

Ron Mason, owner of a disaster contracting firm, Alpha 1, said that in the past two weeks he had sold more than 20 of the trailers to cleanup workers and the companies that employ them in Venice and Grand Isle, La.

Even though federal regulators have said the trailers are not to be used for housing because of formaldehyde’s health risks, Mr. Mason said some of these workers had bought them so they could be together with their wives and children after work.

“These are perfectly good trailers,” Mr. Mason said, adding that he has leased land in and around Venice for 40 more trailers that are being delivered from Texas in the coming weeks. “Look, you know that new car smell? Well, that’s formaldehyde, too. The stuff is in everything. It’s not a big deal.”

Not everyone agreed. “It stunk to high heaven,” said Thomas J. Sparks, a logistics coordinator for the Marine Spill Response Corporation, as he stood in front of the FEMA trailer that was provided to him by a company working with his firm. Mr. Sparks said the fumes in the trailer from formaldehyde, a widely used chemical in building materials like particle board, were so strong that he had asked his employer to provide him with a non-FEMA trailer.

The trailers — which are being resold for $2,500 and up — started down their road to infamy after Hurricane Katrina in August 2005, when FEMA officials ordered nearly $2.7 billion worth of trailers and mobile homes to house victims of the storm.

Within months, some of these residents began complaining about breathing problems and burning eyes, noses and throats. One man who had complained about fumes was found dead in his trailer in June 2006.

Federal officials later discovered that formaldehyde — an industrial chemical that can cause nasal cancer, aggravates respiratory problems and may be linked to leukemia — was present in many of these housing units in amounts that exceeded federal limits. Scientists have since concluded that the high levels of formaldehyde found in the trailers probably resulted from cheap wood and poor ventilation. FEMA has produced other models and later batches of the trailers that do not have the health risks that the trailers built for Hurricane Katrina victims did.

But federal officials have struggled to figure out what to do with the contaminated trailers, which have cost nearly $130 million a year to store and maintain, according to federal records. As a result, the government decided to sell the trailers in 2006.

The trailers have found a ready market in the gulf.

“The price was right,” said Buddy Fuzzell, an executive with Cahaba Disaster Recovery, a contracting firm that bought 15 trailers for about 45 cleanup workers.

Several buyers said in interviews that they were unaware of any prohibition on using the trailers for housing.

In an April hearing, members of the House Energy Subcommittee on Commerce, Trade and Consumer Protection raised concerns that the trailers would end up being used for housing. More than 100,000 trailers have been sold so far in public auctions.

The trailers are “not intended to be used as housing,” said David Garratt, FEMA’s associate administrator for mission support. “Subsequent owners must continue to similarly inform subsequent buyers for the life of the unit.”

These rules are not being followed in many cases, however. Officials with the inspector general’s office of the General Services Administration said Wednesday that they had opened at least seven cases concerning buyers who might not have posted the certification and formaldehyde warnings on trailers they sold.

Federal records indicate that of the hundreds of companies and individuals who have bought the trailers, dozens are in Louisiana. They include Henderson Auctions, which bought 23,636 units for $18 million, and Kite Brothers RV, which bought 6,511 mobile homes and travel trailers for $16 million.

On Henderson Auctions’ Web site, a spokeswoman is quoted in a news video saying that people who live on the street or in their cars would much rather live in the trailers and that the formaldehyde has dissipated after four or five years.

Caren Auchman, a spokeswoman for the General Services Administration, said in an e-mail message that her agency was taking steps to ensure that the units were not used for housing.

Most of the workers in the gulf are not living in the trailers but in newer quarters provided by BP, its subcontractors or by state or federal agencies.

Still, housing remains tight. In June, Mr. Mason’s firm and another consulting firm began proposing a plan to large contractors in the region to put about 300 of the trailers on barges for offshore worker housing.

Officials from BP and the Center for Toxicology and Environmental Health, which is BP’s subcontractor that is handling most of the air sampling in the region, said they had no plans to move forward with the proposal.

But others are not hesitating.

John Sercovich, the owner of Bud’s Boat Rentals in Belle Chasse, La., said that he thought the trailer he bought for some of his workers to stay in was more than adequate.

“We couldn’t have afforded it any other way,” he said.

Standing in a small field surrounded by a new shipment of the trailers, Mr. Mason declined to say whether he informed buyers of the formaldehyde risks or kept warning labels on the trailers.

One of Mr. Mason’s trailers, shown to a reporter, had an overpowering smell of formaldehyde inside and none of the required placards on the outside or inside indicating the formaldehyde risk or that it was not supposed to be used for housing. The trailer did, however, have a note taped inside to call FEMA.

Mr. Mason, who is based in Texarkana, Tex., added that all of his customers have been happy and that he planned to lease land for 50 more trailers that he would rent out to workers.

“Bottom line,” he said, “I’m providing a service.”

Research Credit: ottilie


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