Norway: The Mysterious Spiral Pattern in the Sky

December 10th, 2009

I think I’ve figured it out:

Mystery Spiral Blue Light Display Hovers Over Norway

Mystery Spiral Blue Light Display Hovers Over Norway

Via: CNN:

President Obama accepted the Nobel Peace Prize in Norway on Thursday but acknowledged the questions surrounding the award.

Obama, along with first lady Michelle Obama, walked into Oslo City Hall at 1 p.m. to a trumpet fanfare and sustained applause.

In other news:

The Pentagon announced Monday the first step in the surge of more U.S. forces to Afghanistan, saying 1,500 troops from an infantry battalion task force at Camp Lejeune in North Carolina will deploy later this month.

Another 13,500 troops will deploy by the end of spring 2010, including an additional 6,200 Marines from Regimental Combat Team-2 at Camp Lejeune; 800 from I Marine Expeditionary Force at Camp Pendleton, California; 3,400 troops from a Brigade Combat Team of the 1st Brigade, 10th Mountain Division from Fort Drum, New York; and 4,100 support forces, according to the Department of Defense.

President Barack Obama announced last week he would deploy a total of 30,000 more U.S. troops to Afghanistan in the surge, with plans to begin withdrawing them as soon as July 2011.


China’s Empty City

December 10th, 2009

Related: The World’s Largest Shopping Mall — Is Empty


22 Stories Underground: Iron Mountain’s Experimental Room 48

December 9th, 2009

Definitely DO NOT miss the image gallery that goes along with this story.

Via: Computerworld:

Down a road that winds through the rolling hills of western Pennsylvania, just across from a cow pasture, the bucolic scenery of Butler County is interrupted by a high chain-link fence topped with razor wire.

Cars entering the compound are channeled into gated lanes before being searched by a guard. A short distance beyond the security point, the road disappears into a gaping hole in a cliff face. The hole is sealed off by the thick, steel bars of a tall sliding gate controlled by guards carrying semiautomatic pistols. They are protecting a 25-foot-high passage that leads 22 stories down to Iron Mountain’s main archive facility, which takes up 145 acres of a 1,000-acre abandoned limestone mine.

Among dozens of red steel doors inserted in the rock face along corridors that create an elaborate subterranean honeycomb, you’ll find Room 48, an experiment in data center energy efficiency. Open for just six months, the room is used by Iron Mountain to discover the best way to use geothermal conditions and engineering designs to establish the perfect environment for electronic documents.

Room 48 is also being used to devise a geothermal-based environment that can be tapped to create efficient, low-cost data centers.


Downgrade for Rabobank

December 9th, 2009

Via: New Zealand Herald:

Ratings agency Standard and Poor’s has downgraded its outlook for Rabobank’s AAA credit rating to negative from stable because of the group’s lower earnings in the first half of 2009, partly due to loan losses in Ireland and the Netherlands.

The downgrade in the outlook also affects the Dutch bank’s Australian and New Zealand subsidiaries, Rabobank Australia and Rabobank New Zealand, which also trades here as Raboplus.


U.S. Transportation Security Administration Unredacted Manual for Flight and Other Screening Procedures

December 9th, 2009

Via: Wikileaks:

US Transportation Security Administration unredacted manual for flight and other screening procedures. This TSA manual was released by the TSA in an incompetantly redacted form—cut and paste the blacked out regions revealed the redacted text. The previously redacted regions were highlighed and sent to the New York based anti-secrecy site Cryptome.org. The TSA removed the manual from public access on December 7, 2009.


U.S. Already $292 Billion in the Red This Year

December 9th, 2009

Via: Reuters:

The U.S. government racked up a gaping shortfall in the first two months of this fiscal year after posting a record budget deficit last year, congressional analysts said on Friday.

In October and November, the government spent $292 billion more than it took in, the nonpartisan Congressional Budget Office said.

That was even worse than the same period last year, when the government was on its way to posting a record $1.4 trillion deficit for the fiscal year that ended Sept. 30.

The federal budget has been battered by the worst economic downturn since the Great Depression of the 1930s, as tax revenues have plunged and spending on safety-net programs like unemployment insurance have skyrocketed.

The budget deficit was $176.4 billion in October, according to Treasury Department records, and the CBO estimated the deficit for November will have come in at $115 billion.

The CBO gave its figures in billions of dollars and said numbers may not add up to the totals because of rounding.

Receipts totaled $132 billion in November, the CBO estimated, down 9 percent from the same month last year. That was partly due to new legislation that gives increased tax write-offs to corporations.

Outlays were down $23 billion from a year earlier, the CBO estimated, as the government spent less on federal programs to stem the financial crisis.


Collapse In Tax Withholdings Refutes Improvements In Either Unemployment Or Corporate Profitability

December 9th, 2009

Via: Zero Hedge:

Even as the BLS and the administration are trying to cover up the real state of unemployment affairs using assorted semantic gimmicks of just what it means to be unemployed, and as companies provide adjusted EPS numbers, while actual earnings continue to collapse, the true barometer of spending, provided by the Financial Management Service, tax withholdings (net of refunds), continues to paint the truest picture of just what is really happening with both America’s consumer and the corporate world. And it ain’t pretty. On a rolling 12 month basis, individual tax withheld has dropped by nearly 8% YoY, from $1.42 trillion to $1.31 trillion, while company witholdings are down a whalloping 64%, from $274 billion to just under $100 billion! This is money that will never be used to pay down the skyrocketing US deficit, because both the US consumer and average US company are simply not collecting the required cash to line the Treasury’s pockets with the one traditional way to pad the deficit: taxes. Expect much, much, much more debt issuance in America’s short, medium and long-term future.


Greece Downgraded Over High Debt

December 9th, 2009

Via: Financial Times:

Greece saw its credit ratings downgraded to the lowest level in the eurozone on Tuesday as fears mounted over its deteriorating public finances.

Heavy selling of Greek stocks and bonds came amid fears that the country was heading for financial disaster unless politicians tackled dangerously high debt levels. Shares on the Athens stock exchange fell more than 6 per cent.

Fitch cut ratings on Greek debt to BBB plus with a negative outlook. It is the first time in 10 years a leading ratings agency has given Greece a rating of below A grade.

George Papaconstantinou, Greek finance minister, said the country would do “whatever is required” to reduce a record budget deficit and achieve its medium-term fiscal targets.

He said the downgrade reflected Greece’s “mounting credibility gap in recent years and an exceptionally difficult fiscal situation” faced by the new Socialist government, which took over in October.

Fitch said the downgrade “reflects concerns over the medium-term outlook for public finances, given the weak credibility of fiscal institutions and the policy framework in Greece, exacerbated by uncertainty over the prospects for a balanced and sustained economic recovery”.

Moody’s and Standard & Poor’s, the other main ratings agencies, have also warned Greece it could be downgraded owing to its debt, which is forecast to rise to 125 per cent of gross domestic product next year.


U.S. Air Force Confirms ‘Beast of Kandahar’ Drone

December 9th, 2009

Via: AFP:

The US Air Force on Tuesday confirmed for the first time that it is flying a stealth unmanned aircraft known as the “Beast of Kandahar,” a drone spotted in photos and shrouded in secrecy.

The RQ-170 Sentinel is being developed by Lockheed Martin and is designed “to provide reconnaissance and surveillance support to forward deployed combat forces,” the air force said in a brief statement.

The “RQ” prefix for the aircraft indicates an unarmed drone, unlike the “MQ” designation used for Predator and Reaper aircraft equipped with missiles and precision-guided bombs.

Aviation experts dubbed the drone the “Beast of Kandahar” after photographs emerged earlier this year showing the mysterious aircraft in southern Afghanistan in 2007.

The image suggested a drone with a radar-evading stealth-like design, resembling a smaller version of a B-2 bomber.

A blog in the French newspaper Liberation published another photo this week, feeding speculation among aviation watchers about the classified drone.

The air force said the aircraft came out of Lockheed Martin’s “Skunk Works,” also known as Advanced Development Programs, in California – the home of sophisticated and often secret defense projects including the U-2 spy plane, the F-22 fighter jet and the F-117 Nighthawk.

The photo of the drone in Afghanistan has raised questions about why the United States would be operating a stealth unmanned aircraft in a country where insurgents have no radar systems, prompting speculation Washington was using the drones for possible spying missions in neighboring Iran or Pakistan.

The Sentinel was believed to have a flying wing design with no tail and with sensors built into the top side of each wing, according to published photos.

The RQ-170 is in line with Defense Secretary Robert Gates’ request for more intelligence and surveillance resources and with the Air Force chief of staff’s plans to expand the fleet of unmanned aircraft, the air force said.

The new drone is flown by the 30th Reconnaissance Squadron out of Tonopah Test Range in Nevada, which is under Air Combat Command’s 432nd Wing at Creech Air Base, also in Nevada.

The United States has carried out an extensive bombing campaign against Al-Qaeda figures in Pakistan using the Predator and larger Reaper drones.

Robots or “unmanned systems” in the air and on the ground are now deployed by the thousands in Iraq and Afghanistan, spying from the sky for hours on end, searching for booby-traps and firing lethal missiles without putting US soldiers at risk.


China Executes Rogue Trader, Millions Still Missing

December 9th, 2009

Via: Reuters:

China on Tuesday executed a former securities trader for embezzlement, the first person in the industry to be put to death, but millions of yuan are still missing, a state newspaper said.

Yang Yanming was sentenced to death in late 2005 and took the secret of the whereabouts of 65 million yuan ($9.52 million) of the misappropriated funds to his grave, the Beijing Evening News said.

The report added that Yang was the first person working in China’s securities sector to be executed.

“Preserve your moral integrity and don’t set too much store by business results,” Yang told the newspaper before the sentence was carried out.

He was the general manager of the Beijing securities trading department of the China Great Wall Trust and Investment Corp., which became Galaxy Securities, from 1997 to 2003.

Conscious that the growing gap between rich and poor could generate resentment, China is battling corruption and stock trading abuses. It has used the death penalty as a deterrent in serious cases.


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