Americans Hoard Food as Industry Seeks Regulations
April 23rd, 2008Via: Washington Times:
Farmers and food executives appealed fruitlessly to federal officials yesterday for regulatory steps to limit speculative buying that is helping to drive food prices higher. Meanwhile, some Americans are stocking up on staples such as rice, flour and oil in anticipation of high prices and shortages spreading from overseas.
Their pleas did not find a sympathetic audience at the Commodity Futures Trading Commission (CFTC), where regulators said high prices are mostly the result of soaring world demand for grains combined with high fuel prices and drought-induced shortages in many countries.
The regulatory clash came amid evidence that a rash of headlines in recent weeks about food riots around the world has prompted some in the United States to stock up on staples.
Costco and other grocery stores in California reported a run on rice, which has forced them to set limits on how many sacks of rice each customer can buy. Filipinos in Canada are scooping up all the rice they can find and shipping it to relatives in the Philippines, which is suffering a severe shortage that is leaving many people hungry.
While farmers here and abroad generally are benefiting from the high prices, even they have been burned by a tidal wave of investors and speculators pouring into the futures markets for corn, wheat, rice and other commodities and who are driving up prices in a way that makes it difficult for farmers to run their businesses.
“Something is wrong,” said National Farmers Union President Tom Buis, adding that the CFTC’s refusal to rein in speculators will force farmers and consumers to take their case to Congress.
“It may warrant congressional intervention,” he said. “The public is all too aware of the recent credit crisis on Wall Street. We don’t want a lack of oversight and regulation to lead to a similar crisis in rural America.”
Food economists testifying at a daylong hearing of the commission said the doubling of rice and wheat prices in the past year is a result of strong income growth in China, India and other Asian countries, where people entering the middle class are buying more food and eating more meat. Farm animals consume a substantial share of the world’s grain.
More: The Role of Speculators in the Global Food Crisis
Related: CBOT Resembles Carnival Act as Billion Dollar Black Box Operators Move In
China Down to 12 Days Worth of Coal
April 23rd, 2008Via: news.com.au:
CHINA only has enough coal for 12 days of consumption, three days less than a month ago, state media reported Wednesday, sounding the alarm bells over the nation’s most important source of energy.
In certain parts of China, such as densely populated Hebei province in the north, reserves are down to less than a week, Xinhua news agency reported, citing the China Electricity Regulatory Commission.
In the period since early March, coal reserves have slumped by 12 per cent to 46.7 million tonnes, according to the commission.
Reasons for the shortage were “multi-dimensional,” the commission was quoted as saying, without elaborating.
Demand for coal has risen rapidly since China experienced brown-outs early this decade, motivating a construction frenzy in the power industry, with large numbers of new coal-fired plants emerging across the country.
China counts on coal for about 70 per cent of its energy consumption, a proportion that has stayed almost unchanged for the past nearly three decades despite a skyrocketing rise in demand for power.
Cryptogon Reader Signs Up for Hosting with Blue Host
April 23rd, 2008Thanks to the owner of thinkwholly.com for signing up for hosting with Blue Host. Cryptogon received $65.
Wall Street Journal: “Maybe It’s Time for Americans to Start Stockpiling Food.”
April 23rd, 2008Welcome to the public participation phase…
Via: Wall Street Journal:
I don’t want to alarm anybody, but maybe it’s time for Americans to start stockpiling food.
No, this is not a drill.
You’ve seen the TV footage of food riots in parts of the developing world. Yes, they’re a long way away from the U.S. But most foodstuffs operate in a global market. When the cost of wheat soars in Asia, it will do the same here.
Head of CDC Admits on CNN that Vaccines Can Trigger Autism
April 23rd, 2008Via: Mercola:
Research Credit: IL
California: Foreclosures Up 327% from 2007 Levels; 517 Per Day
April 23rd, 2008Via: Los Angeles Times:
The number of California homes lost to foreclosure in the first quarter surged 327% from year-ago levels — reaching an average of more than 500 foreclosures per day — DataQuick said in a report, warning that the widening foreclosure problem could “spread beyond the current categories of dicey mortgages, and into mainstream home loans.”
From DataQuick’s report on California foreclosures in the first three months of 2008: “Trustees Deeds recorded, or the actual loss of a home to foreclosure, totaled 47,171 during the first quarter. … Last quarter’s total rose 48.9 percent from 31,676 in the previous quarter, and jumped 327.6 percent from 11,032 in first quarter 2007.” That translates into 517 foreclosures every day in the first quarter of 2008.
Dollar Over the Cliff
April 22nd, 2008WARNING: This is not a recommendation to buy, sell or hold any financial instrument.
USDX is printing 71.31. The strategic support was 71.34. There is potential for strong move down unless a multilateral intervention occurs right away.
Japan’s Hunger Becomes a Dire Warning for Other Nations
April 22nd, 2008One-straw Revolution by Masanobu Fukuoka
Via: BusinessDay:
“In the past, Japan was a rich country with a powerful yen that could easily buy cheap imports such as wheat, corn and soybeans,” said Mr Shibata, who directs the Marubeni Research Institute in Tokyo. “But with enormous competition from the booming Chinese and Indian economies, that’s changed forever. You also need to take into account recent developments, including the damage to crops caused by drought and other disasters in exporting countries like Australia,” where the value of wheat exports has tumbled from $3.49 billion to $2.77 billion in the past three years.
The situation has been compounded by a surge in demand for bio-fuels such as ethanol, made from maize, encouraging farmers around the world to divert their efforts away from wheat and barley and into maize, further driving up prices.
Arguably Japan’s biggest concern, however, is its weakening ability to sustain its population with domestic produce. In 2006 the country’s self-sufficiency rate fell to 39%, according to the Agriculture Ministry. It was only the second time since the ministry began keeping records in 1960 that the population derived less than 40% of its daily calorie intake from domestically grown food.
Shinichi Shogenji, dean of the University of Tokyo’s graduate school of agricultural and life sciences, said Japan’s meat consumption had increased by 900% since 1955, in part because expanding incomes had enabled families to supplement the sparse national diet of rice, fish and miso soup with more Western-style food.
This trend, combined with rapid ageing and declining rural populations, had placed the country’s self-sufficiency at a perilously low level, Professor Shogenji said.
Little Vertical Axis Wind Turbine System: $100
April 22nd, 2008Via: Wired:
A group of volunteer engineers are finishing the design for a home-brewed wind turbine that will bring electricity to off-the-grid Guatemalan villages by this summer.
After the U.S. engineers finish the design, local workers in the town of Quetzaltenango will manufacture the small-scale turbine. It will produce 10-15 watts of electricity, enough to charge a 12-volt battery that can power simple devices like LED lights.
“They’re replacing kerosene lamps, if anything at all,” said Matt McLean, a mechanical engineer by day and leader of the wind-turbine project by night. “The biggest driver is just keeping the cost way down. We’re shooting for under $100, which is a challenge, but we’re in that range.”
The effort comes amidst recent efforts to bring new light and power to small towns in the developing world. An estimated 1.6 billion people worldwide are without electricity, and many of them are forced to light their homes with kerosene. Using one of these lamps is like smoking two packs of cigarettes a day, says the World Bank, and the lamps present a significant fire risk. That’s why many startup companies, such as d.Light, are trying to bring cheaper LED lights to homes, but they still need a solution for producing power locally.
That’s where organizations like Engineers Without Borders come in. Founded in 2002 by Bernard Amadie, a professor at the University of Colorado-Boulder, it has grown to more than 10,000 members in over 250 chapters. According to Cathy Leslie, the executive director of the U.S. organization, 340 projects are underway.
The turbine was created by the Appropriate Technology Design Team of EWB’s San Francisco chapter. Team members like Malcolm Knapp and Heather Fleming spend their nights and weekends inside D2M’s design shop trying to perfect low-tech gadgets for people 2,500 miles away. D2M, which is Knapp and Fleming’s employer, donates the lab space for after-hours use by the EWB team.
Unlike the large-scale assemblies found in wind farms, the roughly two-foot-wide and three-foot-tall turbine has a vertical axis. McLean said that orientation worked better in the choppy conditions likely to meet the turbine out in the field, where it’ll be bolted on to buildings, towers or even trees.
The turbine, which Fleming refers to as a “she,” is undergoing its final tweaks. Next Sunday, the prototype will undergo its next-to-last build before Fleming and another volunteer head down to the Guatemalan manufacturing facility, XelaTeco, with the building plans in hand.
The engineering team had to make their design simple enough that it could be assembled from cheap and widely available components. As a result, their plans call for building the turbine out of hard plastic (or canvas) bolted on to a steel-tube structure. The rotor, which creates mechanical energy from the movement of the blades, runs into an alternator (actually a cheap DC motor running in reverse), which converts the mechanical energy into electricity.
SuperMemo: Scheduled Reviews of Material Profoundly Improves Memory
April 22nd, 2008The story about the memory tool is fascinating, but I became even more interested in how the man behind the software turned his life into what seems to me like a sort of cybernetic hell. The Machine is funny that way. It has a tendency to take over, the extent that a person (or organization or state) is open to being possessed by it.
Via: Wired:
SuperMemo is based on the insight that there is an ideal moment to practice what you’ve learned. Practice too soon and you waste your time. Practice too late and you’ve forgotten the material and have to relearn it. The right time to practice is just at the moment you’re about to forget. Unfortunately, this moment is different for every person and each bit of information. Imagine a pile of thousands of flash cards. Somewhere in this pile are the ones you should be practicing right now. Which are they?
Fortunately, human forgetting follows a pattern. We forget exponentially. A graph of our likelihood of getting the correct answer on a quiz sweeps quickly downward over time and then levels off. This pattern has long been known to cognitive psychology, but it has been difficult to put to practical use. It’s too complex for us to employ with our naked brains.
