Name Not on Our List? Change It, China Says

April 21st, 2009

Chinese newspeak.

Via: New York Times:

“Ma,” a Chinese character for horse, is the 13th most common family name in China, shared by nearly 17 million people. That can cause no end of confusion when Mas get together, especially if those Mas also share the same given name, as many Chinese do.

Ma Cheng’s book-loving grandfather came up with an elegant solution to this common problem. Twenty-six years ago, when his granddaughter was born, he combed through his library of Chinese dictionaries and lighted upon a character pronounced “cheng.” Cheng, which means galloping steeds, looks just like the character for horse, except that it is condensed and written three times in a row.

The character is so rare that once people see it, Miss Ma said, they tend to remember both her and her name. That is one reason she likes it so much.

That is also why the government wants her to change it.

For Ma Cheng and millions of others, Chinese parents’ desire to give their children a spark of individuality is colliding head-on with the Chinese bureaucracy’s desire for order. Seeking to modernize its vast database on China’s 1.3 billion citizens, the government’s Public Security Bureau has been replacing the handwritten identity card that every Chinese must carry with a computer-readable one, complete with color photos and embedded microchips. The new cards are harder to forge and can be scanned at places like airports where security is a priority.

The bureau’s computers, however, are programmed to read only 32,252 of the roughly 55,000 Chinese characters, according to a 2006 government report. The result is that Miss Ma and at least some of the 60 million other Chinese with obscure characters in their names cannot get new cards — unless they change their names to something more common.

Moreover, the situation is about to get worse or, in the government’s view, better. Since at least 2003, China has been working on a standardized list of characters for people to use in everyday life, including when naming children.

Research Credit: J


Bank Bailout May Hurt Taxpayers, Be Open to Fraud

April 21st, 2009

No shit? Had me going there for a second…

Wake me up when someone can tell us where all of that money went.

Via: AP:

Taxpayers are increasingly exposed to losses and the government is more vulnerable to fraud under Obama administration initiatives that have created a federal bank bailout program of “unprecedented scope,” a government report finds.

In a 250-page quarterly report to Congress, the rescue program’s special inspector general concludes that a private-public partnership designed to rid financial institutions of their “toxic assets” is tilted in favor of private investors and creates “potential unfairness to the taxpayer.”

The report, which examines the six-month old, $700 billion Troubled Asset Relief Program, is scheduled for release Tuesday.

Using blunt language, Inspector General Neil Barofksy offers a series of recommendations to protect the public and takes the Treasury to task for not implementing previous advice. The report also commends Treasury and the Federal Reserve for creating some safeguards. [HAHAHA—Emphasis added]

The report’s warnings about the public-private plan’s potential for losses echoes alarms raised by some lawmakers and economists, but Barofksy has significant credibility in Congress and his views are likely to carry ample weight.

Overall, the report says the public-private partnership — using Treasury, Federal Reserve and private investor money — could total $2 trillion. The financial markets responded positively to the program when the Obama administration announced it last month, but the administration is still putting final touches on its implementation.

“The sheer size of the program … is so large and the leverage being provided to the private equity participants so beneficial, that the taxpayer risk is many times that of the private parties, thereby potentially skewing the economic incentives,” the report states.

In particular, the report cited the private-public partnership that would purchase troubled real estate-related securities from financial institutions. Under plans unveiled by Treasury, for every $1 of private investment, Treasury would invest $1 and could provide another dollar in a nonrecourse loan. That money could then leverage a loan from another government fund backed mostly by the Federal Reserve, a step that Barofsky says would dilute the incentive for private fund managers to exercise due diligence.

Barofsky recommends that Treasury not allow the use of Fed loans “unless significant mitigating measures are included to address these dangers.”


Edgar Mitchell: “Our destiny … is to become a part of the planetary community.”

April 21st, 2009

I have no idea what to make out of this. What do you think?

Edgar Mitchell is:

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Via: CNN:

Earth Day may fall later this week, but as far as former NASA astronaut Edgar Mitchell and other UFO enthusiasts are concerned, the real story is happening elsewhere.

Mitchell, who was part of the 1971 Apollo 14 moon mission, asserted Monday that extraterrestrial life exists, and that the truth is being concealed by the U.S. and other governments.

He delivered his remarks during an appearance at the National Press Club following the conclusion of the fifth annual X-Conference, a meeting of UFO activists and researchers studying the possibility of alien life forms.

Mankind has long wondered if we’re “alone in the universe. [But] only in our period do we really have evidence. No, we’re not alone,” Mitchell said.

“Our destiny, in my opinion, and we might as well get started with it, is [to] become a part of the planetary community. … We should be ready to reach out beyond our planet and beyond our solar system to find out what is really going on out there.”

Mitchell grew up in Roswell, New Mexico, which some UFO believers maintain was the site of a UFO crash in 1947. He said residents of his hometown “had been hushed and told not to talk about their experience by military authorities.” They had been warned of “dire consequences” if they did so.

But, he claimed, they “didn’t want to go to the grave with their story. They wanted to tell somebody reliable. And being a local boy and having been to the moon, they considered me reliable enough to whisper in my ear their particular story.”

Roughly 10 years ago, Mitchell claimed, he was finally given an appointment at Pentagon to discuss what he had been told.

An unnamed admiral working for the Joint Chiefs of Staff promised to uncover the truth behind the Roswell story, Mitchell said. The stories of a UFO crash “were confirmed,” but the admiral was then denied access when he “tried to get into the inner workings of that process.”

The same admiral, Mitchell claimed, now denies the story.

“I urge those who are doubtful: Read the books, read the lore, start to understand what has really been going on. Because there really is no doubt we are being visited,” he said.

“The universe that we live in is much more wondrous, exciting, complex and far-reaching than we were ever able to know up to this point in time.”

A NASA spokesman denied any cover-up.


Rent-A-Cops: Cash-Strapped Cities Using Private Armed Guards Instead of Police

April 21st, 2009

Via: Wall Street Journal:

Facing pressure to crack down on crime amid a record budget deficit, Oakland is joining other U.S. cities that are turning over more law-enforcement duties to private armed guards.

The City Council recently voted to hire International Services Inc., a private security agency, to patrol crime-plagued districts. While a few Oakland retail districts previously have pooled cash to pay for unarmed security services, using public funds to pay for private armed guards would mark a first for the city.

Hiring private guards is less expensive than hiring new officers. Oakland — facing a record $80 million budget shortfall — spends about 65% of its budget for police and fire services, including about $250,000 annually, including benefits and salary, on each police officer.

In contrast, for about $200,000 a year the city can contract to hire four private guards to patrol the troubled East Oakland district where four on-duty police officers were killed in March. And the company, not the city, is responsible for insurance for the guards.


Fed Should Use Negative Interest Rates to Force Savers to Spend Their Money

April 21st, 2009

Via: New York Times:

In many ways today, the Fed is in uncharted waters.

So why shouldn’t the Fed just keep cutting interest rates? Why not lower the target interest rate to, say, negative 3 percent?

At that interest rate, you could borrow and spend $100 and repay $97 next year. This opportunity would surely generate more borrowing and aggregate demand.

The problem with negative interest rates, however, is quickly apparent: nobody would lend on those terms. Rather than giving your money to a borrower who promises a negative return, it would be better to stick the cash in your mattress. Because holding money promises a return of exactly zero, lenders cannot offer less.

Unless, that is, we figure out a way to make holding money less attractive.

At one of my recent Harvard seminars, a graduate student proposed a clever scheme to do exactly that. (I will let the student remain anonymous. In case he ever wants to pursue a career as a central banker, having his name associated with this idea probably won’t help.)

Imagine that the Fed were to announce that, a year from today, it would pick a digit from zero to 9 out of a hat. All currency with a serial number ending in that digit would no longer be legal tender. Suddenly, the expected return to holding currency would become negative 10 percent.

That move would free the Fed to cut interest rates below zero. People would be delighted to lend money at negative 3 percent, since losing 3 percent is better than losing 10.

Of course, some people might decide that at those rates, they would rather spend the money — for example, by buying a new car. But because expanding aggregate demand is precisely the goal of the interest rate cut, such an incentive isn’t a flaw—it’s a benefit.


Phoenix: Radar Camera Employee Murdered

April 21st, 2009

Via: Arizona Republic:

It has come under attack from protesters, politicians and even a pickax-wielding resident, but sentiment against Arizona’s photo-enforcement program had not turned to bloodshed until Sunday night.

Doug Georgianni, 51, of Cave Creek, was shot and killed while sitting in a van alongside the highway and monitoring cameras that snap photos of speeders.

Phoenix police arrested Thomas Patrick Destories, 68, on Monday in connection with the murder. Police said Destories was not photographed speeding, but they refused to speculate on any possible motives.

“Whether you agree or disagree with photo enforcement, what happened last night, folks, was an act of cold-blooded murder,” state Department of Public Safety Director Roger Vanderpool said at a Monday news conference.

The shooting led both photo-enforcement providers in Arizona, Redflex and American Traffic Solutions, to suspend use of the mobile-enforcement vans until they can reassess their security procedures.


Food, Inc: “A Civilized Horror Movie”

April 20th, 2009

Via: Variety:

With a constituency limited to anyone who eats, “Food, Inc.” is a civilized horror movie for the socially conscious, the nutritionally curious and the hungry. Yes, it has a deceptively cheery palette, but helmer Robert Kenner’s doc — which does for the supermarket what “Jaws” did for the beach — marches straight into the dark side of cutthroat agri-business, corporatized meat and the greedy manipulation of both genetics and the law. Doc biz may be in the doldrums, but “Food, Inc.” is so aesthetically polished and politically urgent, theatrical play seems a no-brainer, though it won’t do much for popcorn sales.

Corn is the vegetable-as-villain in “Food, Inc.,” which builds on the work of nutritionists, journalists and activists Eric Schlosser (“Fast Food Nation”) and Michael Pollan (“The Omnivore’s Dilemma”) to show how multinationals have taken over the production of food. As the movie tells us, corn — which today assumes dozens of ubiquitous identities, notably high-fructose corn syrup — is kept at unrealistically low prices by the government, is fed to animals that haven’t evolved to eat it (such as the cow), causes those animals to develop maladies that must be treated with antibiotics (which are passed on to consumers), and has led to the mutation of new strains of the E.coli virus, which sickens tens of thousands each year.

The whole mess is exacerbated by opportunistic politics — tools of Big Agriculture running the very regulatory agencies that are supposed to protect us — and consumers who have become accustomed to eating whatever they want whenever they want, in quantities they don’t need.

Fast food is presented as having turned meat production into a sadistic exercise in animal torture, something that’s been seen in documentaries before, and it isn’t pretty. But “Food, Inc.” delves deeply into the case of Monsanto, which has monopolized the growing of corn by patenting the biology inside it — and has been allowed to litigate against insurgent farmers through court decisions rendered by the likes of Supreme Court Justice Clarence Thomas, a onetime Monsanto lawyer. The whole system, “Food, Inc.” tells us, is fixed.

That the filmmakers dress up all this information in glossy graphics, splashes of color and Mark Adler’s often buoyant (and ironic) score is ingenious, because the artifice of the film’s aesthetic is always subtly emphasizing the artificiality of the food. Schlosser and Pollan are eloquent Virgils guiding the viewer into the third circle of food hell. But then Joel Salatin — a major figure in “Omnivore’s Dilemma” who owns and operates a self-sustaining poultry-and-pig farm in Virginia’s Shenandoah Valley — arrives to throw some natural light onto the proceedings and illuminate just what can be done to salvage agriculture and our digestive systems.

Salatin is an infectiously enthusiastic champion of his own system, and the film needs him, because others in the movie — such as a working-class Los Angeles family that can’t afford fruit but can afford Burger King — keep showing the insanity of the system.

Disturbing as it is, “Food, Inc.” doesn’t present some doomsday scenario. People can make a difference, it says: After all, look what happened to Big Tobacco.

More: Official Site

Research Credit: Eileen, Lagavulin


Britain: Schools Turn to Bouncers for ‘Crowd Control’ During Absent Teachers’ Lessons

April 20th, 2009

Via: Guardian:

Bouncers, ex-soldiers and former police officers are being brought into schools to provide “crowd control” and cover absent teachers’ lessons, a teacher has revealed.

One school, thought to be in London, employed two permanent cover teachers through an agency for professional doormen, the National Union of Teachers annual conference in Cardiff heard today.

Bouncers, who more usually work nights keeping order in pubs and clubs, are being employed in schools because they are “stern and loud”, said Andrew Baisley, a teacher at Haverstock school in Camden, north London.

“I know of bouncers being employed specifically because they are bouncers to cover lessons,” he told the conference.

Recruitment agencies are advertising for people with “ex-marine, prison officer, bouncer, policeman, fireman” backgrounds to become supervisors, who do not need to have any teaching qualifications to oversee lessons.


U.S. Military Now Issues the iPod Touch

April 20th, 2009

Designed in California. Made in China. Killing in Iraq.

Via: Newsweek:

Tying the hands of a person who is speaking, the Arab proverb goes, is akin to “tying his tongue.” Western soldiers in Iraq know how important gestures can be when communicating with locals. To close, open and close a fist means “light,” but just opening a fist means “bomb.” One soldier recently home from Iraq once tried to order an Iraqi man to lie down. To get his point across, the soldier had to demonstrate by stretching out in the dirt. Translation software could help, but what’s the best way to make it available in the field?

The U.S. military in the past would give a soldier an electronic handheld device, made at great expense specially for the battlefield, with the latest software. But translation is only one of many software applications soldiers now need. The future of “networked warfare” requires each soldier to be linked electronically to other troops as well as to weapons systems and intelligence sources. Making sense of the reams of data from satellites, drones and ground sensors cries out for a handheld device that is both versatile and easy to use. With their intuitive interfaces, Apple devices—the iPod Touch and, to a lesser extent, the iPhone—are becoming the handhelds of choice.

Using a commercial product for such a crucial military role is a break from the past. Compared with devices built to military specifications, iPods are cheap. Apple, after all, has already done the research and manufacturing without taxpayer money. The iPod Touch retails for under $230, whereas a device made specifically for the military can cost far more. (The iPhone offers more functionality than the iPod Touch, but at $600 or $700 each, is much more expensive.) Typically sheathed in protective casing, iPods have proved rugged enough for military life. And according to an Army official in Baghdad, the devices have yet to be successfully hacked. (The Pentagon won’t say how many Apple devices are deployed, and Apple Computer declined to be interviewed for this article.)


The Tower of Basel: Secretive Plans for the Issuing of a Global Currency

April 20th, 2009

Via: Global Research:

In an April 7 article in The London Telegraph titled “The G20 Moves the World a Step Closer to a Global Currency,” Ambrose Evans-Pritchard wrote:

“A single clause in Point 19 of the communiqué issued by the G20 leaders amounts to revolution in the global financial order.

“‘We have agreed to support a general SDR allocation which will inject $250bn (£170bn) into the world economy and increase global liquidity,’ it said. SDRs are Special Drawing Rights, a synthetic paper currency issued by the International Monetary Fund that has lain dormant for half a century.

“In effect, the G20 leaders have activated the IMF’s power to create money and begin global ‘quantitative easing’. In doing so, they are putting a de facto world currency into play. It is outside the control of any sovereign body. Conspiracy theorists will love it.”

Indeed they will. The article is subtitled, “The world is a step closer to a global currency, backed by a global central bank, running monetary policy for all humanity.” Which naturally raises the question, who or what will serve as this global central bank, cloaked with the power to issue the global currency and police monetary policy for all humanity? When the world’s central bankers met in Washington last September, they discussed what body might be in a position to serve in that awesome and fearful role. A former governor of the Bank of England stated:

“[T]he answer might already be staring us in the face, in the form of the Bank for International Settlements (BIS). . . . The IMF tends to couch its warnings about economic problems in very diplomatic language, but the BIS is more independent and much better placed to deal with this if it is given the power to do so.”

And if the vision of a global currency outside government control does not set off conspiracy theorists, putting the BIS in charge of it surely will. The BIS has been scandal-ridden ever since it was branded with pro-Nazi leanings in the 1930s. Founded in Basel, Switzerland, in 1930, the BIS has been called “the most exclusive, secretive, and powerful supranational club in the world.” Charles Higham wrote in his book Trading with the Enemy that by the late 1930s, the BIS had assumed an openly pro-Nazi bias, a theme that was expanded on in a BBC Timewatch film titled “Banking with Hitler” broadcast in 1998. In 1944, the American government backed a resolution at the Bretton-Woods Conference calling for the liquidation of the BIS, following Czech accusations that it was laundering gold stolen by the Nazis from occupied Europe; but the central bankers succeeded in quietly snuffing out the American resolution.

Research Credit: Pookie


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