The Audacity of Depression

April 7th, 2008

I don’t do it justice by just quoting this little bit. Settle in, pour yourself a nice, stiff drink.

Via: Joe Bageant:

Over the past couple of years I’ve had hundreds of encounters with reading Americans — and by encounters I mean conversations, not falling off chairs — which is to say book loving, thinking people like the Northumberland librarian, people of every stripe. They have ranged from the good ole boy Texas electrician who took me to a real smoke choked pool-table-and-concrete-floor joint to professors of literature and Washington policy wonks who actually use the little red cocktail napkin that accompanies their martinis.

During this period I have noticed a change in the nature of discussion with these previously unmet readers. Four years ago, much of it centered on the outrageousness of the Bush administration, the stomach turning criminality of the Iraq War, Cheney The Fanged Man of Wax, with a little rage at our planetary ecocide thrown into the mix. In other words, about what you might expect from a baby roasting alien commie readership such as mine, made up of such folks as school teachers, union members, sociology profs and other congenital malcontents, the sort of people who resent things like student strip searches in public high schools (HR 5295, The Student Teacher Safety Act of 2006, which, to its credit, at least bans cavity searches by faculty. You gotta be a cop to do that in our public schools) and other subversive types.

Lately though, I don’t hear so much outrage. In fact, the readers seem to be suffering from what someone aptly called “rage fatigue.” Which is another way of saying the bastards have simply worn us out. And it’s true.

I am not kidding when I say rage fatigue victims have fallen into an ongoing mid-level depression. (Looks to me like the whole country has, but then I’m no mental health expert.) The less depressed victims can be found lurking near the edges of the Obama cult, consoling themselves that a soothing and/or charismatic orator is better than nothing. Obama may yet be borne through the White House portico by a Democratic host of seraphim, but he cannot do much without the consent of a bought and paid for Congress. Only George Bush can do that, and we can only hope God broke the mold after he made George. And like whoever else wins the presidency, Obama can never acknowledge any significant truth, such as that the nation is waaaaay beyond being just broke, and is even a net debtor nation to Mexico, or that the greatest touch-me-not in the U.S. political flower garden, the “American lifestyle,” is toast. But then, we really do not expect political truth, but rather entertainment in a system where, as Frank Zappa said, politics is merely “the entertainment branch of industry.”

Research Credit: Idleworm


Wind Power That Floats

April 7th, 2008

Look at the effort that’s going into keeping the platforms in place. It seems absolutely stupid. Why not focus on harnessing the awesome power of the waves instead?

Investors understand “wind power.” They don’t yet understand “wave power.”

So it goes…

Via: MIT Technology Review:

Offshore wind-farm developers would love to build in deep water more than 32 kilometers from shore, where stronger and steadier winds prevail and complaints about marred scenery are less likely. But building foundations to support wind turbines in water deeper than 20 meters is prohibitively expensive. Now, technology developers are stepping up work in floating turbines to make such farms feasible.

Several companies are on their way to demonstrating systems by borrowing heavily from oil and gas offshore platform technology. In December, the Dutch floating-turbine developer Blue H Technologies launched a test platform off Italy’s southern coast; last month, the company announced its plans to install an additional test turbine off the coast of Massachusetts, and possibly begin constructing a full wind farm off the Italian coast, next year. Close behind is SWAY, based in Bergen, Norway, which raised $29 million last fall and plans to field a prototype of its floating wind turbine in 2010.

If these efforts succeed, they could open up a resource of immense scale. For example, according to a 2006 analysis by the U.S. Department of Energy, General Electric, and the Massachusetts Technology Collaborative, offshore wind resources on the Atlantic and Pacific coasts exceed the current electricity generation of the entire U.S. power industry.

The success of the floating turbine could hold the key to exploiting that resource. Wind farms such as those installed in Denmark, Germany, and other European waters and proposed for Nantucket Sound, in Massachusetts, suffer from a limited supply of marine construction equipment such as pile drivers and cranes. Emerging Energy Research, a consultancy based in Cambridge, MA, said last week that the global market for offshore wind energy could reach 40,000 megawatts by 2020–enough to power more than 30 million U.S. homes, and more than twice the scale of last year’s wind installations worldwide–but only with greatly expanded marine construction capacity. Building even 2,000 megawatts of offshore wind over the next five years will require a significant increase in the marine supply chain, according to Keith Hays, the consultancy’s research director.

Floating turbines can be assembled onshore and towed into position, making an end run around the offshore construction bottleneck. The platform that Blue H towed out of Brindisi Harbor in Puglia, Italy, this winter is called a tension-leg platform, a conventional offshore oil and gas platform design that floats below the surface, held rigidly in place by chains running to steel or concrete anchors on the seabed. Installed on top is an 80-kilowatt wind turbine fitted out with sensors to record the wave and wind forces experienced 10 kilometers offshore. Much bigger floating versions–2.5-megawatt and 3.5-megawatt turbines of the scale used in today’s offshore wind farms–are under construction by Blue H and could be installed as soon as this fall.

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Weather Engineering in China

April 7th, 2008

Via: MIT Technology Review:

To prevent rain over the roofless 91,000-seat Olympic stadium that Beijing natives have nicknamed the Bird’s Nest, the city’s branch of the national Weather Modification Office–itself a department of the larger China Meteorological Administration–has prepared a three-stage program for the 2008 Olympics this August.

First, Beijing’s Weather Modification Office will track the region’s weather via satellites, planes, radar, and an IBM p575 supercomputer, purchased from Big Blue last year, that executes 9.8 trillion floating point operations per second. It models an area of 44,000 square kilometers (17,000 square miles) accurately enough to generate hourly forecasts for each kilometer.

Then, using their two aircraft and an array of twenty artillery and rocket-launch sites around Beijing, the city’s weather engineers will shoot and spray silver iodide and dry ice into incoming clouds that are still far enough away that their rain can be flushed out before they reach the stadium.

Finally, any rain-heavy clouds that near the Bird’s Nest will be seeded with chemicals to shrink droplets so that rain won’t fall until those clouds have passed over. Zhang Qian, head of Beijing’s Weather Modification Office, explains, “We use a coolant made from liquid nitrogen to increase the number of droplets while decreasing their average size. As a result, the smaller droplets are less likely to fall, and precipitation can be reduced.” August is part of Northeast Asia’s rainy season; chances of precipitation over Beijing on any day that month will approach 50 percent. Still, while tests with clouds bearing heavy rain loads haven’t always been successful, Qian claims that “the results with light rain have been satisfactory.”

…

China’s national weather-engineering program is also the world’s largest, with approximately 1,500 weather modification professionals directing 30 aircraft and their crews, as well as 37,000 part-time workers–mostly peasant farmers–who are on call to blast away at clouds with 7,113 anti-aircraft guns and 4,991 rocket launchers.


Iraq War: $3 Trillion Estimate May Be Too Low

April 7th, 2008

Via: Guardian:

President Bush has tried to give the impression that the $3 trillion dollar estimate of the total cost of the war that we provide in our new book may be exaggerated.

We believe that it is, in fact, conservative. Even the president would have to admit that the $50 to $60 billion estimate given by the administration before the war was wildly off the mark; there is little reason to have confidence in their arithmetic. They admit to a cost so far of $600 billion.

Our numbers differ from theirs for three reasons: first, we are estimating the total cost of the war, under alternative conservative scenarios, derived from the defence department and congressional budget office. We are not looking at McCain’s 100-year scenario – we assume that we are there, in diminished strength, only through to 2017. But neither are we looking at a scenario that sees our troops pulled out within six months. With operational spending going on at $12 billion a month, and with every year costing more than the last, it is easy to come to a total operational cost that is double the $600 billon already spent.

Second, we include war expenditures hidden elsewhere in the budget, and budgetary expenditures that we would have to incur in the future even if we left tomorrow. Most important of these are future costs of caring for the 40% of returning veterans that are likely to suffer from disabilities (in excess of $600 billion; second world war veterans’ costs didn’t peak until 1993), and restoring the military to its prewar strength. If you include interest, and interest on the interest – with all of the war debt financed – the budgetary costs quickly mount.

Finally, our $3 trillion dollars estimate also includes costs to the economy that go beyond the budget, for instance the cost of caring for the huge number of returning disabled veterans that go beyond the costs borne by the federal government – in one out of five families with a serious disability, someone has to give up a job. The macro-economic costs are even larger. Almost every expert we have talked to agrees that the war has had something to do with the rise in the price of oil; it was not just an accident that oil prices began to soar at the same time as the war began.

We have been criticised, but for being excessively conservative, for including only $5 to $10 of the $75 to $85 increase in the price of oil since then. Money spent on the war – on a Nepalese contractor working in Iraq – does not stimulate the economy as much as money spent on hospitals or research or schools at home. These contractionary effects were temporarily covered up, hidden, by the flood of liquidity and lax regulations that led to a housing bubble and a consumption boom – with household savings plummeting to zero. But this simply postponed paying these costs – and increased them.


March Earnings

April 7th, 2008

Cryptogon and Farmlet earnings came to a total of $1336.68, or about 2.7x the minimum monthly goal of $500.

To all cash contributors, thank you.

Thanks to the owners of bamboodev.com, freigeistforum.com and makomati.com for signing up for hosting with BlueHost via Cryptogon.

BullionVault activity was heavy again in March. Thank you, goldbugs.

Amazon continues to be popular with Cryptogon readers. Every single purchase you remember to make via Cryptogon helps. Thanks.

With the food situation really getting weird, I put up an affiliate link to Nitro-Pak with the hope that some of you would get yourselves a bit of a safety net. And, to my surprise, a few of you did. Thanks for shopping via Cryptogon.

Finally, thanks to Financial Web for continuing their generous sponsorship of Cryptogon.


EMERGENCY: RICE SHARPLY HIGHER ON EXPORT CONTROLS

April 6th, 2008

Via: Financial Times:

Rice prices rose more than 10 per cent on Friday to a fresh all-time high as African countries joined south-east Asian importers in the race to head off social unrest by securing supplies from the handful of exporters still selling the grain in the international market.

The rise in prices – 50 per cent in two weeks – threatens upheaval and has resulted in riots and soldiers overseeing supplies in some emerging countries, where the grain is a staple food for about 3bn people.

The increase also risks stoking further inflation in emerging countries, which have been suffering the impact of record oil prices and the rise in price of other agricultural commodities – including wheat, maize and vegetable oil – in the last year.

Kamal Nath, India’s trade minister, said the government would crack down on hoarding of essential commodities to keep a lid on food prices. “We will not hesitate to take the strongest possible measures, including using some of the legal provisions that we have against hoarding,’’ he said on Friday.

Thai medium-quality rice, a global benchmark, traded at about $850 a tonne on Friday, up from $760 a tonne last week, while the price of less representative top-quality aromatic rice broke the $1,000-a-tonne level for the first time, traders said. They added that the grain was being sold to African destinations.

In Chicago, US rice futures hit an all-time high of $20.45 per 100 pounds.

Although only a small amount of the grain is traded internationally, the rise in Thai prices signals the trend for the global market and also for domestic prices in countries where local production is enough to meet demand.

The price jump came as leading exporting countries, including Vietnam, India, China and Egypt, banned foreign sales. Hanoi extended its ban for two extra months until June.

Food aid officials said consumption could rise further because record food prices are forcing families to move from a diversified diet to just one staple.


Black Tea Could Defend Against Anthrax

April 6th, 2008

Via: Science Daily:

A new study by an international team of researchers from Cardiff University and University of Maryland has revealed how the humble cup of tea could well be an antidote to Bacillus anthracis –more commonly know as anthrax.

As a nation, Brits currently drink 165 million cups of tea, and the healing benefits of the nation’s favourite beverage have long been acknowledged.

But now the team of scientists led by Professor Les Baillie from Welsh School of Pharmacy at Cardiff University and Doctor Theresa Gallagher, Biodefense Institute, part of the Medical Biotechnology Centre of the University of Maryland Biotechnology Institute in Baltimore, has found that the widely-available English Breakfast tea has the potential to inhibit the activity of anthrax, as long as it is black tea.

Anthrax – a potentially fatal human disease – is caused by the bacterium Bacillus anthracis. A very serious and rapidly progressing form of the disease occurs when bacterial spores are inhaled making anthrax a potent threat when used as a biological warfare agent.

Published in the March issue of the Society for Applied Microbiology’s journal Microbiologist, Professor Baillie said: “Our research sought to determine if English Breakfast tea was more effective than a commercially available American medium roast coffee at killing anthrax. We found that special components in tea such as polyphenols have the ability to inhibit the activity of anthrax quite considerably.”

The study provides further evidence of the wide range of beneficial physiological and pharmalogical effects of this common household item.

The research also shows that the addition of whole milk to a standard cup of tea completely inhibited its antibacterial activity against anthrax.

Professor Baillie continued: “I would suggest that in the event that we are faced with a potential bio-terror attack, individuals may want to forgo their dash of milk at least until the situation is under control.

Research Credit: EG


Nation’s Largest Municipal Bankruptcy Narrowly Averted

April 6th, 2008

Via: Birmingham News:

The Jefferson County Commission on Monday narrowly averted defaulting on a $53 million sewer debt payment to Wall Street banks when two of four commissioners voted for a proposal to delay the full payment until mid-April.

The commission voted 2-1, with one abstention, to make a $4 million interest-only payment to the banks under an agreement reached last week. A majority was needed to approve.

Commissioners Jim Carns and Bobby Humphryes voted for the agreement, which is meant to stave off the possibility of the nation’s largest municipal bankruptcy.

Research Credit: offthereservation


Forbes to Cryptogon: “We Think Your Blog Would be a Great Fit for Our Network”

April 6th, 2008

I received an email from someone at Forbes inviting me to add Cryptogon to, “The new community of the high quality business and financial bloggers from Forbes.com.”

A press release was attached, part of which is below:

FORBES.COM TO LAUNCH
BUSINESS AND FINANCE BLOG NETWORK

Nicholas Ricci Tapped as General Manager, Sales for the
Blog Network & Forbes Audience Network

NEW YORK, NY (March 24, 2008) – Today Forbes.com, home page for the world’s business leaders, announced the creation of a Business and Finance Blog Network, comprised of a community of pre-screened, influential business and financial blogs.

The Blog Network’s content will focus on senior business decision makers and high-net-worth investors. Topics will be relevant to the banking, trading, hedge fund management, affluent investing, and senior business decision-making communities. Participation in the network is by invitation only, and all blogs are vetted by Forbes.com editors for appropriate content, and to ensure that they are in keeping with the Forbes editorial brand.

The network will allow advertisers to target a highly engaged, exclusive niche audience of senior business decision makers and affluent investors easily and effectively. Four hundred-plus blogs have already joined the network, with many more expected to sign on before the official launch in the next few weeks.

“There is no denying the growing importance and influence of blogs within the media landscape,” said Forbes.com President and Chief Executive Officer Jim Spanfeller. “Forbes.com can ensure advertisers are reaching a hard-to-find and very desirable audience within safe, well-lit environments by exclusively inviting ‘best of breed’ business and investing bloggers to our new Business and Finance Blog Network.”

Safe, well-lit environments??? Does this mean that I would have to bathe more frequently?

No thanks.

Besides, displaying a Forbes badge of honor would tarnish my reputation as a source of worthless tinfoil, which I covet. After all, certain appearances need to be maintained.


U.S. Farm Bill Perpetuates Disastrous Agricultural Practices: There Is Another Way

April 5th, 2008

Matthew Stiegel­meier for President!

Via: Gourmet:

Like his neighbors, Matthew did just fine last year, but he did it without growing a single ear of corn, and that’s where his family’s story begins to diverge from that of the other farmers. “I’ve got a philosophical problem with growing corn. Most corn goes to livestock. I prefer to feed grain to people, and I prefer for cattle to eat grass.” He also has practical reasons. “I hate to cultivate. We’ve got rolling land. We’re always dealing with erosion problems. In Iowa, they have four feet of top­soil. We have four inches. Besides, I can’t use pesticides.”

In this bastion of industrial agriculture, where people are quick to tell you that heavy machinery, synthetic fertilizers, pesticides, genetically modified seeds, and the federal safety net make farming possible, Matthew’s family has gone back to an old-fashioned, diversified, organic family farm. While Congress, President Bush, and lobbyists are trapped in a vitriolic debate about capping subsidy payments to the nation’s richest farmers, the Stiegelmeiers are asking a totally different question: How do we use the land?

Matthew sits at the head of the supper table next to his wife, Danelle, and his baby girl, Katya. His brother and four sisters squeeze along the sides of the table, which is used for meals, school lessons, and prayer. Emily, the matriarch, sits with her back to the kitchen.

The meal comes entirely from the farm: hamburger from a steer, a salad of organic peppers, tomatoes, and basil. Steamed kale. Cheese and butter from Rachel’s dairy cow. Homemade bread.

Emily, originally from Pennsylvania, didn’t have much interest in organic farming in college. Back in the ’70s, Cornell was preaching the industrial model, and she came slowly to the idea of sustainable agriculture. After college, she joined the Peace Corps and met Jim Stiegel­meier, her future husband and a fellow volunteer, in the Philippines. They came back to Walworth County to farm.

Grandpa Milton gave land to his son and his new bride, and they tried industrial agriculture. But Jim hated the farm program, thought it made farmers dependent on the government. “Grandpa Mil­ton thinks Roosevelt walked on wa­ter,” Matthew offers. “Daddy thought he was a Communist.” Most of all, Jim hated pesticides. Several times in the late ’60s and early ’70s he got sick from them.

“One night at dinner, my sister-in-law told him, ‘I don’t see how you can be a Christian and put poison on food.’ That was the clincher,” Emily remembers. It was the early ’80s. Jim and Emily converted the farm to organic. They home-schooled the children and put them to work. “I’d rather sit on a tractor than in front of a computer,” Ben insists.

Jim and Emily turned the logic of the farm program upside down. Instead of planting one or two commodity crops and accepting whatever price the elevator offered, they went looking for organic processors who, ideally, would lock in a premium before they planted. Matthew shrugs. “Why put a crop in the ground that no one wants to pay for?”

The Stiegelmeiers diversified into organic spring and winter wheat, flax, rye, barley, and buckwheat and relied on age-old ways to fight weeds and fertilize the soil. They certified their pastures as organic and grew alfalfa to feed a herd of registered British White beef cattle. Dan­elle started a small herd of sheep.

This past year, Matthew made $11 a bushel on winter wheat at mills in Kansas and North Dakota, at the time a four-dollar premium over commodity wheat. Organic flax sold for $19.50 a bushel, a premium of ten dollars.

Most mainstream economists and farm-state politicians look at the Stiegelmeier experiment as a quirky, barely viable enterprise in an ocean of commodity grain. But agricultural economist Tom Dobbs sees something else. A professor emeritus at South Dakota State University and a Food and Society Policy Fellow, Dobbs is convinced that the Stiegelmeier farm is a model for the future—not because it is idealistic or good for the land, which it is, but because it works on the most remote, improbable farmland in the nation. “We think of the Great Plains as a buffer. In good times, grain production should expand, in bad times contract. But with farm subsidies, instead of buffering, we have created permanent overproduction, and disaster payments just encourage production on marginal lands. What the Stiegelmeiers are doing is an entirely different approach, and they are not alone.”

Research Credit: Eileen


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