New Bomb-Resistant Trucks Will Blast RPGs Before They Hit
November 30th, 2009Via: Wired:
The U.S. military’s toughest trucks are getting a new layer of protection — against rocket-propelled grenades. The Army recently awarded an $8 million contract to equip MRAP (mine resistant ambush protected) armored trucks with Iron Curtain. It’s a protection system which blasts incoming rockets before they can hit the vehicle. If the system works, it could go all long way towards neutralizing one of the deadliest threats American troops face overseas.
The contract calls for the Iron Curtain with Darpa’s sniper-detection system, CROSSHAIRS. It detects and locates enemy shooters using radar and acoustic sensors, and is intended to work against Rocket Propelled Grenades (RPGs), missiles, bullets and mortar rounds. Iron Curtain itself is currently designed to deal with RPGs; the makers Artis LLC planning future developments to deal with more challenging threats.
Iron Curtain system detects and tracks the incoming rocket with a radar, which then cues an optical sensor — a smart camera, essentially. The optical sensor identifies and classifies the threat — pinpointing the location of the rocket with an accuracy of about half an inch — and selects an aim point.
A row of explosive countermeasures is mounted on a rail running around the top of the vehicle. The system selects the best one of countermeasures, and fires it vertically downwards at the exact moment the rocket is passing. This does not destroy the warhead but ‘duds’ it so that the warhead deflagrates, rather than exploding properly. By the end of the collision of RPG and countermeasure, Artis claims, the warhead bounces off of the vehicle’s side.
U.S. Antitrust Investigation of Monsanto
November 30th, 2009Oh sure.
Obama Chooses Monsanto Creature, Tom Vilsack, for Secretary of Agriculture
Obama Chooses Former Monsanto Lobbyist for Food Safety Post
Has anyone tried to calculate how much public money Monsanto winds up with each year due to corrupt, broken and bat shit insane agricultural subsidies?
I’d guess that the answer to that question would be even more ridiculous than believing that the Obama regime would do anything at all to rein in Monsanto.
Via: Washington Post:
For plants designed in a lab a little more than a decade ago, they’ve come a long way: Today, the vast majority of the nation’s two primary crops grow from seeds genetically altered according to Monsanto company patents.
Ninety-three percent of soybeans. Eighty percent of corn.
The seeds represent “probably the most revolutionary event in grain crops over the last 30 years,” said Geno Lowe, a Salisbury, Md., soybean farmer.
But for farmers such as Lowe, prices of the Monsanto-patented seeds have steadily increased, roughly doubling during the past decade, to about $50 for a 50-pound bag of soybean seed, according to seed dealers.
The revolution, and Monsanto’s dominant role in the nation’s agriculture, has not unfolded without complaint. Farmers have decried the price increases, and competitors say the company has ruthlessly stifled competition.
Now Monsanto — like IBM and Google — has drawn scrutiny from U.S. antitrust investigators, who under the Obama administration have looked more skeptically at the actions of dominant firms.
During the Bush administration, the Justice Department did not file a single case under antimonopoly laws regulating a dominant firm. But that stretch seems unlikely to continue.
This year, the Obama Justice Department tossed out the antitrust guidelines of its predecessor because they advocated “extreme hesitancy in the face of potential abuses by monopoly firms.”
“We must change course,” Christine Varney, the Obama administration’s chief antitrust enforcer, said at the time.
Of all the new scrutiny by Justice, the Monsanto investigation might have the highest stakes, dealing as it does with the food supply and one of the nation’s largest agricultural firms. It could also force the Obama administration, already under fire for the government’s expanded role in the economy, to explain how it distinguishes between normal rough-and-tumble competition and abusive monopolistic business practices.
Monsanto says it has done nothing wrong.
“Farmers choose these products because of the value they deliver on farm,” Monsanto said in a statement. “Given the phenomenally broad adoption of these technologies by farmers, such questions are normal and to be expected.”
U.A.E. Removes Sunday London Times From Newsstands
November 30th, 2009* chortle *
Via: Wall Street Journal:
The Sunday London Times newspaper was removed by authorities from shelves in the United Arab Emirates on Sunday amid intensive reporting of Dubai’s debt problems, an executive at the paper said.
The National Media Council ordered the paper blocked by distributors without providing a reason, an executive at the paper in Dubai told Zawya Dow Jones.
The Sunday Times edition available in the U.A.E. on Nov. 29 featured a double-page spread graphic illustrating Dubai’s ruler Sheik Mohammed bin Rashid Al Maktoum sinking in a sea of debt. The Times wasn’t given a reason for the block, or a timeframe when it will be lifted, the executive said.
A government official in Abu Dhabi, the capital of the U.A.E., said that the picture of Sheik Mohammed, which accompanied a story entitled: The sinking of Dubai’s dream, was “offensive.”
U.S. to Probe China Cargo Plane Crash
November 30th, 2009Alternate headline: Cargo Plane Belonging to CIA Cutout Crashes in China
Via: Wall Street Journal:
A Zimbabwe-registered cargo plane that crashed in flames on takeoff from Shanghai’s international airport, killing three American crew members, wasn’t carrying sensitive goods, a senior executive with the plane’s operator said.
The McDonnell Douglas MD-11 freighter aircraft was carrying “general cargo, such as electronics,” and “nothing of any sensitive nature,” said Simon Clarke, chief operating officer of Zimbabwe-based Avient Ltd.
China’s official Xinhua news agency said the plane was bound for Bishkek, the capital of Kyrgyzstan, when it crashed Saturday morning in relatively good weather. Early reports indicated the tail of the three-engine jet may have struck the ground before the crash. A team of U.S. investigators, led by an expert on engines, was preparing to head to China in the next two to three days.
Mr. Clarke said the plane had entered Avient’s fleet only about a week before it crashed. But “the crew had all flown extensively on the type” of plane. “It remains very sketchy,” he said. “We are obviously working with the Zimbabwe and Chinese civil aviation authorities to ascertain what went wrong.”
Mr. Clarke said the seven-person crew included Americans and people of other nationalities. A U.S. Embassy spokesman said three Americans were killed and one was injured. Xinhua identified the injured crew members as nationals of the U.S., Indonesia, Belgium and Zimbabwe. The survivors were in stable condition in Shanghai hospitals Sunday.
Xinhua quoted Shanghai aviation authorities on Sunday as saying they had found the plane’s flight data recorder.
Shanghai television showed billows of black smoke rising high in the sky after the crash. Footage also showed the wrecked MD-11 fuselage lying in a wet field adjacent to the airport. Firefighters sprayed foam on the mangled wreckage. TV pictures showed a survivor, said to be an American co-pilot, on a hospital bed and breathing through a mask but alert enough to say “thank you.”
Avient, whose Web site says it was founded in 1993, has drawn scrutiny in the past because of accusations that it has supplied weapons to conflicts in Africa. A United Nations report in 2002 said Avient had been involved in illegal actitivies in the Democratic Republic of the Congo. The British government later investigated the charges but didn’t find evidence supporting them. The company has since been accused of other illicit activities by think-tanks that investigate conflicts around the world.
Mr. Clarke at Avient denied all accusations against the company. “We do not carry arms and ammunition,” he said.
Avient said on its Web site that it operated the MD-11 and that “preliminary information indicates that the accident occurred on takeoff.”
Mr. Clarke said the plane was a chartered freight flight carrying “general consumer goods such as electronics and clothes.” He said that, as with most cargo flights, the freight was arranged through brokers. He declined to name the company’s clients.
The aircraft’s tail struck the ground on takeoff, graphics shown on Shanghai television suggested. One illustration of the incident on local TV showed the plane striking a building shortly after takeoff. Xinhua said the plane hit lighting structures on the ground.
Local television and other local media said the accident closed runways at Shanghai Pudong International Airport and led to widespread flight delays.
The accident is the second fatal crash of a cargo plane on takeoff within six weeks. On Oct. 21, an aging Boeing 707 operated by Sudan Airways crashed on departure from Sharjah Airport in the United Arab Emirates. All six people onboard were killed. The cause of the accident remains unclear.
As is typical in any major accident involving a widely used jetliner, the U.S. National Transportation Safety Board on Saturday said it was sending a team of government and industry crash investigators. Including experts on engines, structures and operations, the team will be led by veteran safety board investigator Bill English. United Technology Corp.’s Pratt & Whitney engine-making unit also will have a team representative.
Four Police Officers Shot Dead in Washington Coffee House
November 30th, 2009Via: Telegraph:
Four police officers were “executed” in a day-time ambush in a coffee shop next to McChord Air Force Base in Washington.
The officers, three men and a woman, were wearing bullet proof vests and did not even have time to return fire as the killer, armed with a handgun, unleashed a volley of shots and then fled.
The attack immediately raised fears of a repeat of the massacre at Fort Hood military base in Texas, where Major Nidal Hasan killed 13 people on Nov 5.
The gunman burst into the Forza coffee shop, which is on a side street next to the base in Tacoma, Washington, 40 miles south of Seattle.
The victims were working on laptops preparing paperwork ahead of their shifts when the gunman attacked at 8.15 am.
Police said the officers were deliberately targeted and the attack was not a robbery that went wrong.
“This was more of an execution. Walk in with the specific mindset to shoot police officers,” said Ed Troyer, the Pierce County Sheriff’s spokesman.
“There were marked patrol cars outside and they were all in uniform.” He said the gunman is believed to have walked in alone but the possibility of an accomplice has not been ruled out.
Police said they believed one of the officers wrestled with the suspect and may have shot him.
Mr Troyer said: “We believe there was a struggle in there and there is a possibility one of the officers may have fired a shot. We hope that he hit him. If he did, then he is injured.”
He appealed for information about anyone who had been seen in the area with a gun wound. The suspect was described as black, in his 20s or 30s and “scruffy”.
Describing the scene at the coffee shop, Mr Troyer said: “It’s carnage out front everywhere. It’s like a bad horror movie. It’s horrible.”
There was also speculation that the attack could be a copycat shooting after another officer, Timothy Brenton, was shot and killed last month while sitting in a car.
Authorities say the man charged with that shooting also firebombed four police vehicles last month as part of a “one-man war” against police.
Christopher Monfort, 41, was arrested days after the Seattle shooting and remains in hospital in a stable condition.
Mr Troyer said: “We won’t know if it’s a copycat effect or what it was until we get the case solved. We don’t even have a suspect ID right now.” Two baristas and several customers were in the coffee shop but were not shot.
Mr Troyer said: “Some are in shock. They are very upset. They are the ones who are going to put together for us how this happened.”
Police later seized a pickup truck parked in a nearby grocery store.
U.S. FOOD STAMP PROGRAM EXPANDING BY 20,000 PEOPLE PER DAY
November 29th, 2009Via: UPI:
The stigma of food stamps is fading amid record use of the U.S. nutrition program, which now feeds more than 36 million people, officials said.
“I think the response of the program has been tremendous,” said Kevin Concannon, an under secretary of agriculture, “but we’re mindful that there are another 15, 16 million who could benefit.”
The federal program now feeds one in eight adults and one in four children, with more than 36 million people using inconspicuous plastic cards to buy staples, Concannon told The Washington Post.
A big step toward acceptance was a push by the George W. Bush administration to call food stamps “nutritional aid” instead of welfare, and to make it easier to apply.
The program is expanding by about 20,000 out-of-work and underemployed people a day, the Post reported, noting the growth has been swift in once-prosperous communities effected by the housing bust.
“It’s time for us to face up to the fact that in this country of plenty, there are hungry people,” Concannon said.
Bankers from Rothschild Involved with Dubai Collapse
November 29th, 2009Via: Telegraph:
Paul Reynolds, head of Rothschild’s advisory operations in the Middle East, was this week asked to work for the Dubai government’s chief restructuring officer alongside Aidan Birkett of Deloitte, who was appointed on Wednesday.
The team is tasked with assessing the group’s assets, which is likely to result in a large scale sell-off of assets as varied as the QE2 cruise liner; Turnberry, the golf course that hosted this year’s Open Championship; and a raft of properties.
Reporter Associated with Bloomberg Lawsuit Against Federal Reserve Dies
November 29th, 2009Via: Bloomberg:
Mark Pittman, the award-winning investigative reporter whose fight to open the Federal Reserve to more scrutiny led Bloomberg News to sue the central bank and win, died Nov. 25 in Yonkers, New York. He was 52.
Pittman suffered from heart-related illnesses. The precise cause of his death wasn’t known, said his friend William Karesh, vice president of the Global Health Program at the Bronx, New York-based Wildlife Conservation Society.
UAE Central Bank Intervention In Dubai Debt Debacle Imminent
November 29th, 2009Via: Wall Street Journal / Dow Jones:
DUBAI (Zawya Dow Jones)–The Abu Dhabi-based Central Bank of the United Arab Emirates is expected to announce before U.A.E. stock markets open Monday that it will guarantee Dubai World debt to help protect local lenders from potential losses amid rising anxiety among investors, people briefed on the matter said.
The central bank, which has been mute since Dubai World said Wednesday it would restructure and seek a six-months debt standstill, will issue a statement later Sunday or early Monday, when the Dubai government is also slated to make a parallel announcement, the people said.
“You will hear news out of Abu Dhabi today, that’s where the story has shifted to,” a senior Dubai-based official said.
Abu Dhabi-based officials confirmed to Zawya Dow Jones Sunday that a central bank intervention was forthcoming.
The unprecedented measure will allow local U.A.E. banks exposed to Dubai World, which has almost $60 billion of liabilities, to avoid taking provisions, people who had been briefed on the matter, said.
A spokesman for Abu Dhabi government would not comment when called.
Senior Abu Dhabi-based bankers have told Zawya Dow Jones that the central bank would protect local lenders from having to provision for their exposure to Dubai World, after aggressively lending directly to Dubai’s government and to its state-related entities over the past few years.
“When the [Abu Dhabi] government tells two of its banks to subscribe to a Dubai government bond, we can be fairly certain it’s neither going to let its own banks, or Dubai, fail,” one banker said.
Abu Dhabi Wednesday extended a $5 billion lifeline to the Dubai government, hours before Dubai World’s restructuring announcement, by having two banks it majority-owns subscribe to a Dubai government bond. In February, Abu Dhabi indirectly intervened by fully subscribing to the first, $10 billion tranche of a $20 billion Dubai government bond program to prop of the state’s struggling companies.
UAE Faces Up to $184 Billion Total Debt
November 29th, 2009Via: Reuters:
The United Arab Emirate (UAE) has total debt amounting to $184 billion at the end of 2009, according to estimates by Bank of America-Merrill Lynch, which said the region faces a heavy redemption schedule until 2013. Dubai’s shock announcement this week that it is seeking to suspend payments on debt of its state-owned conglomerate Dubai World and property subsidiary Nakheel has roiled global markets, raising fears that the emirate which funded a spectacular building boom on a mountain of debt could default.
BofA-Merrill Lynch said in a report that the restructuring undertaken by Dubai would be a serious blow to the Gulf region’s economic recovery prospects, adding that the scale of the region’s debt was now the issue.
“The lack of official debt data may add up to uncertainty and cause higher risk premiums,” it said.
Of the $184 billion UAE debt, Dubai holds $88 billion while Abu Dhabi accounts for $90 billion. BofA-Merrill Lynch said the debt servicing cost will be higher than these estimates as their numbers only include the principal payments.
The bank said Dubai faces almost $50 billion of debt amortization in the next three years: $12 billion in 2010, $19 billion in 2011 and $18 billion in 2012.
“We estimate the total debt for Dubai World as $26.5 billion, 80 percent of which needs to be paid back in the next three years,” added BofA-Merrill.


