SPAIN’S DEBT DOWNGRADED
April 28th, 2010Via: CNN:
Standard and Poor’s downgraded the sovereign debt ratings of Spain to a lower investment grade status Wednesday, citing “risks to budgetary position” for the troubled European nation.
Spain’s long-term sovereign debt rating was reduced to “AA” from “AA+.” The short-term rating was left unchanged at “A-1+.”
Greece Debt Rating Cut to Junk by S&P
April 28th, 2010Via: BBC:
Global stock markets tumbled after Greece’s debt was downgraded to “junk” by rating agency Standard & Poor’s over concerns that the country may default.
It makes the struggling nation the first eurozone member to have its debt downgraded to junk level.
Portugal’s debt was also lowered on fears of “contagion”, adding to the markets’ rout and a fall in the euro.
Germany immediately said it would not “let Greece fall”, and there were signs that an aid package could be increased.
Greece wants 40bn euros (£34bn) from eurozone governments and the International Monetary Fund (IMF) to shore up its finances.
But there are fears it will not meet conditions needed to access the funds it needs to make looming debt repayments.
Doubts intensify
When ratings agencies downgrade the country’s credit rating – it means they think it is now a riskier place to invest. If it reaches junk status, a country loses its investment grade status. Some financial institutions have rules prohibiting them from investing in “junk” bonds.
Greece’s 2-year government bond yield surged to almost 15% on Tuesday, making it highly expensive for the country to borrow from the debt market.
The Next Empire: China in Africa
April 28th, 2010Via: The Atlantic:
Africans’ attitudes toward China’s recent initiatives on their continent are perhaps inevitably riddled with ambivalence. Many African intellectuals bridle at Western criticism of China’s African full-court press. The West, they say, has long patronized their continent, and since the end of the Cold War, has subjected it to outright neglect. And all of that is true. But the question remains: How does their continent overcome a pattern of extractive foreign engagement—beginning with its first contact with Europe, when gold or slaves were acquired in exchange for cloth and trinkets—that is still discernible today?
This question, which one hears almost everywhere, was addressed most powerfully by the Congolese lawyer I met in Lubumbashi. He received me in his office in his downtown home, where he bathes in water collected from an old parabolic satellite dish, and where he says the mail gets delivered once or twice a year, after he pays a bribe to the post office.
I asked him if the arrival of the Chinese was a new and great opportunity for the continent, as some have said. “The problem is not who is the latest buyer of our commodities,” he replied. “The problem is to determine what is Africa’s place in the future of the global economy, and up to now, we have seen very little that is new. China is taking the place of the West: they take our raw materials and they sell finished goods to the world. What Africans are getting in exchange, whether it is roads or schools or finished goods, doesn’t really matter. We remain under the same old schema: our cobalt goes off to China in the form of dusty ore and returns here in the form of expensive batteries.”
Blankfein Supports Financial Reform Legislation
April 28th, 2010In Fiat Currency Hell, endless financial complexity allows for swindling at heretofore unthinkable levels. This may sound counterintuitive, but the purpose of expanding the regulatory machinery is to facilitate even vaster amounts of fraud. This is what happens when big organizations fail, but aren’t allowed to die. A small number of people makes off with unthinkable amounts of plundered money—and then the government gets bigger! The people who are left walking funny at the end of all of this get the bill.
—“This Was a Failure of the Entire System,” Obama Said; Solution? Make the System Bigger
Via: The Hill:
A financial regulatory reform bill has at least one supporter outside of Congressional Democrats, Lloyd Blankfein, the head of investment bank Goldman Sachs.
“I’m generally supportive,” Blankfein told the Senate Permanent Subcommittee on Investigations.
Wall Street will benefit from the bill because it will make the market safer, Blankfein said.
“The biggest beneficiary of reform is Wall Street itself,” he said. “The biggest risk is risk financial institutions have with each other.”
American consumers also would benefit from better regulations, he said.
Goldman Sachs Sausage Mill: “Boy, That Timberwolf Was One Shitty Deal”
April 28th, 2010Derek Michael Stansberry: Former Air Force Intelligence Specialist Claims to Have Bomb and Fake Passport Aboard Trans-Atlantic Flight
April 28th, 2010Update: Text of Note
COA may mean Course Of Action.
Via: Los Angeles Times:
Air Force reservist Derek Michael Stansberry allegedly claimed in a confused note to have explosives aboard a Delta flight from Paris to Atlanta. His possible motives are unclear.
An Air Force reservist working for a defense contractor in Africa was charged Wednesday with making bomb threats on a flight to the U.S. that prompted four air marshals to barricade his boots and laptop in the rear of the jetliner for fear any explosives might go off in midair.
Derek Michael Stansberry, who served two tours in Iraq and one in Afghanistan as an Air Force intelligence specialist, allegedly said that he had packed dynamite in his boots and other explosives in his laptop, and that he had a “pressure switch” to detonate the devices.
The plane, Delta Flight 273 from Paris to Atlanta, carrying 235 passengers and a crew of 13, was diverted to Bangor, Maine, on Tuesday. Stansberry was arrested and charged with interfering with a flight crew and making false bomb threats on an aircraft.
FBI Special Agent James R. McCarty said in an affidavit that Stansberry, 26, of Riverview, Fla., had passed a somewhat incoherent note to a flight attendant:
“I am not an American citizen. I was in Ouaga illegally. My passports and identity are fake. I bought that bag on eBay and have no association with the United States. I will take whatever COA the US wants. I will leave my wallet & passport on this aircraft.”
McCarty said the note ended: “Please let my family know the truth — I [screwed] up & will let the HN preside over prosecutions; and that I love them.”
It was unclear what Stansberry meant by the acronyms.
Stansberry made rambling statements about holding “high level government clearances” for secret material, and said the bombs were to “divert attention from the fact that he had classified information,” McCarty said.
The crew alerted four air marshals on the plane. At that point, McCarty said, Stansberry was moved to the rear of the aircraft, along with his boots, backpack and laptop. Blankets and pillows were braced around the items to serve as a makeshift “bunker … to dampen the effects of any potential explosion.”
Authorities said it turned out there were no explosives in the laptop, although a minute trace of some chemical was “‘preliminarily” found on the boots. They theorized it may have come from his work in Africa.
His father, Richard Stansberry of Apollo Beach, Fla., could not explain his son’s alleged behavior. “Something did happen. But what caused it to happen, I have no clue,” the father said in an interview.
He denied that his son was stressed from his Air Force service from 2005 to 2009, when he conducted mission briefings for flight operations over Iraq and Afghanistan. “He was kind of like a big brother in the sky” to pilots, the father said.
He speculated that his son might have been affected by taking an Ambien sedative for the long flight. The son told authorities he took one Ambien, then said he took eight, then said he also used Valium.
Agent McCarty said the younger Stansberry “was responsive to questions, but he spoke in military jargon and had trouble keeping the events in a chronological order.”
In a separate incident Wednesday morning, a Continental Express flight from Houston to the Washington area was diverted to Greensboro, N.C., after someone discovered the word “bomb” written on a bathroom mirror. No bombs were found and no arrests were made.
—End Update—
Update: New Version of Story Adds More Details
Via: Washington Post / AP:
A former Air Force intelligence specialist showed signs of paranoia aboard a trans-Atlantic flight and told federal air marshals that he had dynamite in his boots and laptop computer, forcing the plane to be diverted to Maine, according to court documents filed Wednesday.
Derek Stansberry told the FBI that fellow passengers were talking about him, ridiculing him and using interrogation techniques on him, and suggested that he concocted the dynamite story to divert attention from the fact he held “classified information,” according to an affidavit.
Passengers reported that seat cushions, pillows and blankets were taken to the back of the plane, where federal air marshals erected a bunker of sorts around the boots and laptop “to dampen the effects of any potential explosion,” FBI Special Agent James McCarty wrote in the affidavit.
Stansberry, 26, of Riverview, Fla., is charged with false information and threats, and interfering with a flight crew. He was ordered detained pending a detention hearing Monday.
His federal public defender, Virginia Villa, said she would seek a competency hearing but had not yet had time to fully review the case.
The Air Force described him as a former intelligence specialist who served four years, ending his Air Force career as a senior airman in 2009 at Hurlburt Field, Fla.
He told an FBI agent after the plane landed that there were no explosives and said he made the claim to deflect attention from the classified information he held, McCarty wrote. He also told an FBI agent that he had taken the sleep aid Ambien and told an air marshal that he’d taken eight of the pills, McCarty wrote.
Stansberry’s father, Richard, described his son Tuesday as “squeaky clean” and said the episode made no sense. He couldn’t be reached for comment Wednesday.
Delta Air Lines Flight 273 was the first of two flight diversions in a 24-hour span. On Wednesday, a Continental Express flight from Houston to the Washington area was diverted to North Carolina after a threatening message was written on a bathroom mirror, the Transportation Security Administration said.
On Tuesday afternoon, there were 235 passengers and 13 crew members on the Paris-to-Atlanta flight when it was forced to land at Bangor International Airport.
Among the passengers who had to spend the night in Bangor were Charde Houston, an all-star for the WNBA’s Minnesota Lynx, and J. Alexander, featured on the TV show “America’s Next Top Model.” The weary travelers were finally allowed to depart Wednesday afternoon.
Stansberry came to the attention of the flight crew when he handed a rambling note to a flight attendant that said that his passport and identification papers were fake. He made the claim of having dynamite after being moved to the back of the plane for questioning by a federal air marshal.
Air marshals took Stansberry into custody without incident. Passengers were later told the plane was headed to Bangor, which is accustomed to dealing with diverted flights thanks to its location as the first large U.S. airport for incoming European flights.
—End Update—
Anybody have any ideas on this one?
Via: Washington Post / AP:
The father of a former Air Force intelligence specialist was left to wonder why his son went from leading a “squeaky clean” life to being accused of claiming he had explosives aboard a trans-Atlantic flight, forcing the jetliner and its passengers to spend the night in Bangor.
Delta Air Lines Flight 273 from Paris to Atlanta was diverted to Maine because the passenger said he had a fake passport and explosives aboard the plane, U.S. officials said. The passport was real, law enforcement officials said, but there were no explosives on the Airbus A330.
The officials spoke to The Associated Press on condition of anonymity because the investigation was ongoing.
Richard Stansberry was perplexed after government officials told him that his son, Derek Stansberry, 26, of Riverview, Fla., had been detained Tuesday at Bangor International Airport.
“My son’s profession in the military required he live a squeaky clean life,” Richard Stansberry said.
In Washington, Air Force spokeswoman Lt. Col. Linda Pepin said the man detained on Flight 273 was a senior airman and worked as an intelligence specialist. She said he was on active duty from June 2005 to 2009 and was last stationed at Hurlburt Field, Fla.
Charde Houston, an all-star forward for the WNBA’s Minnesota Lynx, was on the flight. She said she saw no clues on the handcuffed man’s face as he was led off the plane on Tuesday.
“He looked extremely calm, like a blank face. No emotion,” Houston said.
Passengers were told they’d complete their flight to Atlanta late Wednesday morning, while Derek Stansberry remained in Bangor awaiting an appearance in U.S. District Court.
Research Credit: BP
We Have Met the Enemy and He Is PowerPoint
April 27th, 2010Via: New York Times:
Gen. Stanley A. McChrystal, the leader of American and NATO forces in Afghanistan, was shown a PowerPoint slide in Kabul last summer that was meant to portray the complexity of American military strategy, but looked more like a bowl of spaghetti.
“When we understand that slide, we’ll have won the war,” General McChrystal dryly remarked, one of his advisers recalled, as the room erupted in laughter.
The slide has since bounced around the Internet as an example of a military tool that has spun out of control. Like an insurgency, PowerPoint has crept into the daily lives of military commanders and reached the level of near obsession. The amount of time expended on PowerPoint, the Microsoft presentation program of computer-generated charts, graphs and bullet points, has made it a running joke in the Pentagon and in Iraq and Afghanistan.
“PowerPoint makes us stupid,” Gen. James N. Mattis of the Marine Corps, the Joint Forces commander, said this month at a military conference in North Carolina. (He spoke without PowerPoint.) Brig. Gen. H. R. McMaster, who banned PowerPoint presentations when he led the successful effort to secure the northern Iraqi city of Tal Afar in 2005, followed up at the same conference by likening PowerPoint to an internal threat.
“It’s dangerous because it can create the illusion of understanding and the illusion of control,” General McMaster said in a telephone interview afterward. “Some problems in the world are not bullet-izable.”
In General McMaster’s view, PowerPoint’s worst offense is not a chart like the spaghetti graphic, which was first uncovered by NBC’s Richard Engel, but rigid lists of bullet points (in, say, a presentation on a conflict’s causes) that take no account of interconnected political, economic and ethnic forces. “If you divorce war from all of that, it becomes a targeting exercise,” General McMaster said.
Commanders say that behind all the PowerPoint jokes are serious concerns that the program stifles discussion, critical thinking and thoughtful decision-making. Not least, it ties up junior officers — referred to as PowerPoint Rangers — in the daily preparation of slides, be it for a Joint Staff meeting in Washington or for a platoon leader’s pre-mission combat briefing in a remote pocket of Afghanistan.
Research Credit: ottilie
Professor Tim Bell: Computer Science Unplugged
April 27th, 2010Tim Bell, a University of Canterbury Professor of Computer Science, developed a series of materials for teaching computer science concepts to children, “Through engaging games and puzzles that use cards, string, crayons and lots of running around.” He calls the curriculum Computer Science Unplugged.
He spoke about Computer Science Unplugged on Radio New Zealand’s Nine To Noon with Kathryn Ryan today (MP3 audio– This link will expire soon).
Becky and I are keeping Owen, our two and a half year old son, away from screens as much as possible, but we have been thinking about how to carry out an appropriate introduction to computers for him at some point (many years from now). I was thinking that something along the lines of LOGO or BASIC would be the way to go. But after looking through Computer Science Unplugged I think that focusing on core concepts through play would provide a much more valuable foundation. The material is essentially timeless in the world of computers.
Interestingly, Google provided the funding to Professor Bell that allowed him to make this material available for free online (hard copies are available for purchase). What does it tell you when Google is interested in making a child focused computer science curriculum available that has absolutely nothing to do with dazzling whizbangery, or even using computers at all? My guess is that the always connected iZombies, who are resulting from the TwitFace generation, aren’t going to be able to cut it. Google knows this.
Where does all of this leave parents of very young children right here and now?
In summary: We’re all trapped on the Death Star and Darth Vader wants our kids to learn powerful concepts, early on, so they grow into adults who are capable of serving The Empire.
Seeing the big picture is grim. It is ugly. It is terrifying. As a parent, I must acknowledge the fact that, yes, Darth Vader has made sure that these tools are available for free. But I can use careful discernment to gently give our son the guidance necessary for him to understand that the tools should be used to serve his interests, and not Vader’s.
Via: Computer Science Unplugged:
Teach Computer Science without a Computer!
Computer Science Unplugged is a series of learning activities that reveals a little-known secret: Computer Science isn’t really about computers at all!
CS Unplugged provides an extensive collection of free resources that teach principles of Computer Science such as binary numbers, algorithms and data compression through engaging games and puzzles that use cards, string, crayons and lots of running around.
CS Unplugged is suitable for people of all ages, from elementary school to seniors, and from many countries and backgrounds. Unplugged has been used around the world for over fifteen years, in classrooms, science centers, homes, and even for holiday events in a park!
Get Unplugged Now
And it’s free!
You can download Unplugged activities as individual PDF files from their pages on this site, or download a teachers’ version of the collection as a single file.
Lots more on this site.
But it’s worth browsing this site. You’ll find supplementary material for each activity: videos, links, plugged-in follow-up activities, photos, feedback, curiosities and more. We’re also working on links to curricula, and new material is being added regularly. Printed versions of the Unplugged material are available for purchase, and proceeds from sales are put back into the project.
(By the way, we had noticed that Computer Science does seem to involve computers sometimes, and many of our exercises lead on to doing activities on computers, but the Unplugged approach is a great way to get students thinking about computing before they get distracted by the technical diversions that can inhibit thinking while at the computer.)
New York: Tent City Springs Up as Over One Thousand People Try to Receive an Application for a Single Elevator Mechanic Job
April 27th, 2010Can you feel the Recovery?
Via: CBS:
Desperate times call for desperate measures – even if it means camping out in the rain for a chance at a job application.
Hundreds of job-seekers did just that in Queens in the hopes of landing a coveted union job.
Construction workers, engineers, electricians — hundreds spent the weekend right here. Many left with a job application, while many others walked away empty-handed.
“The sky’s the limit after this!” said Aaron Johnson of Mount Vernon.
Johnson is living month-to-month, struggling to pay the bills, with a 4-year-old daughter to support — and he was one of the lucky ones.
After three days of sleeping on the street, he left with one of just 750 job applications handed out for a position as an elevator technician apprentice — a secure job with pension and benefits and an earning potential up to $40 an hour.
“You don’t wanna keep working these dead-end jobs, check to check to check to check. I don’t want to do that anymore,” Johnson said.
More than 1,000 eager applicants began lining up as early as Friday morning armed with a variety of skills — and warm blankets.
Though many near the end of the line knew they probably wouldn’t even get an application, desperation to land a job fueled their determination to stand on line anyway — and hope for the best.
Company Building Underground Bunker Communities for Those Looking to Survive TEOTWAWKI
April 26th, 2010Fallout 3 takes place in the year 2277, 36 years after the setting of Fallout 2 and 200 years after the nuclear apocalypse that devastated the game’s world in a future where international conflicts culminated in a Sino-American war in the second half of the 21st century. The game places the player in the role of an inhabitant of Vault 101, a survival shelter designed to protect a small number of humans from the nuclear fallout.
Via: Guardian:
Abandon any notion of surviving the apocalypse by doing anything as boringly obvious as running for the highest hill, or eating cockroaches. The American firm Vivos is now offering you the chance to meet global catastrophe (caused by terrorism, tsunami, earthquake, volcano, pole shift, Iran, “social anarchy”, solar flare – a staggering list of potential world-murderers are considered) in style.
Vivos is building 20 underground “assurance of life” resorts across the US, capable of sustaining up to 4,000 people for a year when the earth no longer can. The cost? A little over £32,000 a head, plus a demeaning-sounding screening test that determines whether you are able to offer meaningful contribution to the continuation of the human race. Company literature posits, gently, that “Vivos may prove to be the next Genesis”, and they are understandably reluctant to flub the responsibility.
Should you have the credentials and the cash, the rewards of a berth in a Vivos shelter seem high. Each staffed complex has a decontamination shower and a jogging machine; a refrigerated vault for human DNA and a conference room with wheely chairs. There are TVs and radios, flat-screen computers, a hospital ward, even a dentist’s surgery ready to serve those who forgot to pack a toothbrush in the hurry. “Virtually any meal” can be cooked from a stockpile of ingredients that includes “baked potato soup” but, strangely, no fish, tinned or otherwise. Framed pictures of mountain ranges should help ease the loss of a world left behind.
Vivos says it has already received 1,000 applications.
Research Credit: valix


