A Pilot’s Life: Exhausting Hours for Meager Wages

January 11th, 2010

Grim.

Via: Guardian:

The old hands say there was never much glamour in piloting several tonnes of metal thousands of feet in the air.

But there’s no denying that to the earthbound back in the jet-set era half a century ago – when Pan Am’s “Clippers” ruled the air lanes and service was modelled on transatlantic ocean liners – pilots were regarded with an awe just short of that accorded to astronauts.

The exotic blend of international travel, the authority of commanding the ever larger and faster airliners, and those dashing uniforms turned heads, drew autograph hunters and attracted groupies. Pilots also made a lot of money.

Today it is different. Captain Dave Ryter earned so little when he was a co-pilot for a major airline that he lived in a gang area of Los Angeles, commuted for hours to work and made less money than a bus driver.

“I was standing at a gate waiting to commute a few years ago. I was in uniform and a passenger walks over to me and strikes up a conversation as people often do. He said: where’s your second home? I looked at him, thinking he was making a joke. He was serious. I said: actually, it’s my parents’,” said Ryter. “I was living in a very small town home in a gang area and my wife also worked for the two of us to support our family.”

Anyone waiting for their underpants to be checked knows that the glamour went out of flying years ago. But nowhere has the cachet fallen so far as in the US, where pilots on commuter airlines responsible for more than half the country’s flights now earn pitifully low salaries for long, unsocial hours.

Cachet

Many are forced to fly half way around the country before they even begin work. Others sleep in trailers at the back of Los Angeles airport, in airline lounges across the country or even on the floors of their own planes. Some co-pilots, who typically take home about $20,000 (£12,500) a year, hold down second jobs to make ends meet.

Unless they have come through the military, many pilots also start their first jobs deeply in debt. “Many of them come to these jobs with $150,000 of debt for a $15,000-$20,000 starting job,” said Ryter. “It’s hard to make the economics of that work out. But there’s a theory that one day they’ll make a lot more money than that. Maybe they will, maybe they won’t. But the problem is they are in, for a number of years, quite a hard haul and there’s certainly no glamour. That’s long since gone.”

The result is not only the diminishing of a once coveted profession but increasing concerns about safety as many pilots are worked to the very limits of regulations, leaving them exhausted as well as relatively poor.


‘Fonz’ Thanked for Bringing Clinton to NZ

January 11th, 2010

Anyone who thinks that U.S. billionaires are good for New Zealand should travel to the U.S. to inspect the aftermath of their handy work.

In other news:

We just roll over, put our legs in the air, and say ‘do what you like to us’.

NZ, US Set to Resume Joint Military Drills

Lockheed May Train Singaporean Air Force Pilots in New Zealand

Lockheed Martin Wins NZ Defence Deal

New Zealand Licks Uncle Scam’s Toes: Total Network Surveillance System Operational

NZ Plugs Into Secret Pentagon Intranet

NZ Attorney General on GCSB Intercepts in Urewera 16 Case: “That Evidence Will Never See the Light of Day.”

US, UK, Australia, Canada and New Zealand Building Biometric Database

World Spy Chiefs Gather in New Zealand

Secret Power, New Zealand’s Role in the International Spy Network

Via: New Zealand Herald:

When Hillary Clinton “comes to town” next week, an influential band of Americans – let’s call them “the Fonz” – will be cheering from the sidelines.

It is not widely commented on outside of business circles, but the deepening bilateral relationship between New Zealand and the United States would not have occurred by this juncture without the assistance of the mainly Washington-based “friends of New Zealand” – Fonz for short.

They are the US business people and former administration players who have helped drive the quest in Washington for the US and New Zealand to put the 1980s anti-nuclear stoush to one side.

This year, US billionaire Julian Robertson and high-profile Washington lawyer John Mullen were the latest Fonz members to be formally honoured by the New Zealand Government for their contributions.

Robertson provided financial backing and important Washington contacts for NZ’s quest for a bilateral free-trade deal in the early 2000s, when Labour’s Helen Clark made it a priority for her government.

He owns Kauri Cliffs and other lodges, and is a significant art donor. Mullen is the president of the influential US NZ Council, which hosted a successful third Partnership Forum in October, attended by nearly 60 of New Zealand’s most influential politicians and business people.

Robertson was made an honorary knight for his services to business and philanthropy and Mullen an honorary officer of the NZ Order of Merit for services to New Zealand-US relations.

Article continues below

Other US citizens to be similarly honoured two years ago include Mullen’s predecessor at the council, Fred Benson, and ex-pat Peter Watson, who was a member of the National Security Council under the first Bush administration and later served as chair of the US International Trade Commission and Overseas Private Investment Corporation.

Watson, who was born and raised in Auckland, was also honoured by the Woodrow Wilson foundation as an important bridge between the US and New Zealand.

Other US members of the Fonz are expected to be honoured by the Key Government in coming rounds – part of Key’s initiative to ensure business efforts are recognised.


December Earnings

January 11th, 2010

Cryptogon earnings in December came to a total of $1215.13. This was a great end to an outstanding year for earnings.

Many thanks to the handful of you who are responsible for keeping Cryptogon up and available for everyone. It wouldn’t be here without your support.


Cancer Risks Debated for X-Ray Body Scanners

January 10th, 2010

Via: New York Times:

The plan for broad use of X-ray body scanners to detect bombs or weapons under airline passengers’ clothes has rekindled a debate about the safety of delivering small doses of radiation to millions of people — a process some experts say is certain to result in a few additional cancer deaths.

The plan for broad use of X-ray body scanners to detect bombs or weapons under airline passengers’ clothes has rekindled a debate about the safety of delivering small doses of radiation to millions of people — a process some experts say is certain to result in a few additional cancer deaths.

Related: How Terahertz Waves Tear Apart DNA


Britain: Freezing Weather Affecting Food Supplies

January 10th, 2010

Via: Guardian:

Britons have been warned to brace themselves for an increase in food prices as plunging temperatures leave farmers unable to harvest vegetables and hauliers struggle to distribute fresh produce.

Gordon Brown, who will chair a meeting of the Cobra emergency committee early this week to discuss the freeze, was today forced to reassure the country that it would not run out of gas or grit for its roads during the coldest weather in 30 years.

Police confirmedtoday that the weather-related death toll had risen to 26. A 90-year-old woman froze to death in her garden near Barnsley after falling in the snow. Widow Mary Priestland was discovered when her neighbour called round to make her tea. A 42-year-old Newcastle woman died after being found lying in the snow this morning. She had told her family she was going for a walk at 7pm on Friday.

Concerns have now switched to food supply. Sub-zero temperatures have made it impossible to extract some vegetables from the ground. Producers of brussels sprouts and cabbages are all reporting problems with harvesting. Cauliflowers are said to have turned to “mush” in the sustained frost, with the result that only imported ones are available – at more than £2 each.

“Food is selling fast and there is a problem with replenishing it,” said Stephen Alambritis of the Federation of Small Businesses. “One business I spoke to said it was like Christmas Eve, with people rushing to buy up food. This will inevitably have an impact on food prices.”

Food prices had already started to edge up after a sustained period of low inflation. Food inflation increased by 3.7% in December, up from 2.8% in November, said the British Retail Consortium.

In Ireland, 6,000 acres of potatoes remains unharvested and there are claims that up to three-quarters of the crop may be ruined. Potato growers in Northern Ireland say they are facing some of the biggest losses in recent history because of frost damage.

Meanwhile, greengrocers in some of the worst-hit areas are reporting shortages, with the price of carrots and parsnips reportedly rising by 30% in some small shops. A spokesman for the National Farmers’ Union said: “There are isolated examples of farms struggling to get milk supplies out, but so far the majority of farmers, although finding it difficult, are getting on with the job.” Milk suppliers in Somerset said they feared they may have to dump 100,000 litres of organic milk because tankers could not get through.

In a move that underscores the severity of the situation, on Monday the government will permit an emergency relaxation of European laws regulating the driving hours for hauliers involved in the distribution of animal feed. Under the temporary rules, the hauliers will be allowed to drive for 10 hours rather than the EU maximum of nine. There will also be a reduction in their mandatory daily rest requirements, from 11 to nine hours.

Today, the prime minister insisted gas supplies were not running out, despite record levels of demand. In a podcast from Downing Street, Brown said: “I can assure you: supplies are not running out. We’ve got plenty of gas in our own backyard – the North Sea – and we also have access to the large reserves in Norway and Netherlands.”

Last week, nearly 100 large businesses were forced to stop using gas in an attempt to conserve supplies.

Brown also tried to allay concerns over salt stocks. “Working with the suppliers and the highway authorities, we are making sure stocks of salt to grit roads and pavements get to where they’re most needed,” he said.

On Friday, a government emergency planning committee met to discuss the UK’s state of preparation if the cold weather continues. The committee heard the country has a stockpile of 320,000 tonnes of gritting salt, but transport sources suggest the UK is getting through 60,000 tonnes a day, more than four times the amount produced.

Further supplies are due to arrive from Spain and the US later this month. However, some have questioned how the UK will cope if these supplies prove insufficient and the cold snap returns. “The government has failed to build up a strategic Highways Agency reserve and ministers have sat on their hands,” said the Conservatives’ local government spokeswoman, Caroline Spelman.

Edmund King, president of the AA, said he had raised concerns about salt supplies before Christmas. “We were not assured that everyone was as prepared as they should have been… and that’s why I wrote to the Local Government Association in November, prior to the cold snap,” King told the BBC. “There is more we could have done.”


Houston Police Department UAV

January 9th, 2010


In 2009, the Federal Reserve Bought 80% of U.S. Debt

January 9th, 2010

Update: CNBC: “I Guess You Can Use the Word Ponzi Scheme”

—End Update—

Am I reading this right!? Someone tell me I’m not reading this right.

Via: Pimco:

Here’s the problem that the U.S. Fed’s “exit” poses in simple English: Our fiscal 2009 deficit totaled nearly 12% of GDP and required over $1.5 trillion of new debt to finance it. The Chinese bought a little ($100 billion) of that, other sovereign wealth funds bought some more, but as shown in Chart 2, foreign investors as a group bought only 20% of the total – perhaps $300 billion or so. The balance over the past 12 months was substantially purchased by the Federal Reserve. Of course they purchased more 30-year Agency mortgages than Treasuries, but PIMCO and others sold them those mortgages and bought – you guessed it – Treasuries with the proceeds. The conclusion of this fairytale is that the government got to run up a 1.5 trillion dollar deficit, didn’t have to sell much of it to private investors, and lived happily ever – ever – well, not ever after, but certainly in 2009. Now, however, the Fed tells us that they’re “fed up,” or that they think the economy is strong enough for them to gracefully “exit,” or that they’re confident that private investors are capable of absorbing the balance. Not likely.


Two Former Blackwater Guards Charged with Murder

January 8th, 2010

Via: BBC:

Two US men have been charged over the murder of two Afghans after a traffic accident in Kabul last May.

Justin Cannon, 27, and Chris Drotleff, 29, worked for a subsidiary of security firm Xe, formerly known as Blackwater.

The men were sacked after the incident for failing to comply with the terms of their contract.

The charges came on the same day that Xe reached a settlement in a number of separate civil lawsuits over the killings of Iraqi civilians.

The Justice Department said Mr Cannon and Mr Drotleff faced murder charges and could face the death penalty if found guilty.

According to the indictment, two people were killed and one injured as a result of the shooting at an intersection in Kabul.


Shorting China

January 8th, 2010

Here’s a little something to keep in mind as you read this:

FACING UP TO THE

Nation’s Finances
National Debt Clock

Guess who is mainly responsible for keeping this scam going?

UPDATE: It’s the Federal Reserve

In terms of sovereign buyers, it’s China, but I had no idea how much debt the Federal Reserve was buying. See: In 2009, the Federal Reserve Bought 80% of U.S. Debt?!

Via: New York Times:

James S. Chanos built one of the largest fortunes on Wall Street by foreseeing the collapse of Enron and other highflying companies whose stories were too good to be true.

Now Mr. Chanos, a wealthy hedge fund investor, is working to bust the myth of the biggest conglomerate of all: China Inc.

As most of the world bets on China to help lift the global economy out of recession, Mr. Chanos is warning that China’s hyperstimulated economy is headed for a crash, rather than the sustained boom that most economists predict. Its surging real estate sector, buoyed by a flood of speculative capital, looks like “Dubai times 1,000 — or worse,” he frets. He even suspects that Beijing is cooking its books, faking, among other things, its eye-popping growth rates of more than 8 percent.

“Bubbles are best identified by credit excesses, not valuation excesses,” he said in a recent appearance on CNBC. “And there’s no bigger credit excess than in China.” He is planning a speech later this month at the University of Oxford to drive home his point.

As America’s pre-eminent short-seller — he bets big money that companies’ strategies will fail — Mr. Chanos’s narrative runs counter to the prevailing wisdom on China. Most economists and governments expect Chinese growth momentum to continue this year, buoyed by what remains of a $586 billion government stimulus program that began last year, meant to lift exports and consumption among Chinese consumers.

Still, betting against China will not be easy. Because foreigners are restricted from investing in stocks listed inside China, Mr. Chanos has said he is searching for other ways to make his bets, including focusing on construction- and infrastructure-related companies that sell cement, coal, steel and iron ore.

Mr. Chanos, 51, whose hedge fund, Kynikos Associates, based in New York, has $6 billion under management, is hardly the only skeptic on China. But he is certainly the most prominent and vocal.

For all his record of prescience — in addition to predicting Enron’s demise, he also spotted the looming problems of Tyco International, the Boston Market restaurant chain and, more recently, home builders and some of the world’s biggest banks — his detractors say that he knows little or nothing about China or its economy and that his bearish calls should be ignored.

“I find it interesting that people who couldn’t spell China 10 years ago are now experts on China,” said Jim Rogers, who co-founded the Quantum Fund with George Soros and now lives in Singapore. “China is not in a bubble.”

Colleagues acknowledge that Mr. Chanos began studying China’s economy in earnest only last summer and sent out e-mail messages seeking expert opinion.

But he is tagging along with the bears, who see mounting evidence that China’s stimulus package and aggressive bank lending are creating artificial demand, raising the risk of a wave of nonperforming loans.


This Week in Pre-Crime: Mind-Reading Security Systems

January 8th, 2010

Via: AP:

The aim of one company that blends high technology and behavioral psychology is hinted at in its name, WeCU – as in “We See You.”

The system that Israeli-based WeCU Technologies has devised and is testing in Israel projects images onto airport screens, such as symbols associated with a certain terrorist group or some other image only a would-be terrorist would recognize, company CEO Ehud Givon said.

The logic is that people can’t help reacting, even if only subtly, to familiar images that suddenly appear in unfamiliar places. If you strolled through an airport and saw a picture of your mother, Givon explained, you couldn’t help but respond.

The reaction could be a darting of the eyes, an increased heartbeat, a nervous twitch or faster breathing, he said.

The WeCU system would use humans to do some of the observing but would rely mostly on hidden cameras or sensors that can detect a slight rise in body temperature and heart rate. Far more sensitive devices under development that can take such measurements from a distance would be incorporated later.

If the sensors picked up a suspicious reaction, the traveler could be pulled out of line for further screening.

“One by one, you can screen out from the flow of people those with specific malicious intent,” Givon said.

Some critics have expressed horror at the approach, calling it Orwellian and akin to “brain fingerprinting.”

For civil libertarians, attempting to read a person’s thoughts comes uncomfortably close to the future world depicted in the movie “Minority Report,” where a policeman played by Tom Cruise targets people for “pre-crimes,” or merely thinking about breaking the law.


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