Meredith Whitney: Very Bearish on Stocks; Next Leg Down in Real Estate Coming Soon
November 17th, 2009Florida: Fines for Too-Tall Grass Could Rise to $1,000 a Day in Jupiter
November 17th, 2009Via: Palm Beach Post:
An overgrown lawn could cost a homeowner $1,000 a day.
A plan to quadruple the penalty from the current maximum of $250 per day for a first violation is scheduled for consideration at Tuesday night’s town council meeting.
A repeat violation by the same person would be boosted to $5,000 a day maximum from $500 per day.
If the code enforcement board finds that the violation is irreversible — the unapproved removal of an historic tree, for example — the violator would face a maximum fine of $15,000. The current maximum penalty is $5,000.
“That’s outrageous,” said Stefan Harzen, a member of the property owners association for the Woodland Estates neighborhood. Increasing the fines will not result in prettier neighborhoods, he said. “This is an easy way for the town to get more money,” Harzen said.
Higher penalties are needed to deter flagrant violators, said Councilman Robert Friedman. A landlord who allows too many people to live in a house simply sees the current fine as a cost of doing business, he said.
“Code enforcement needs a larger hammer,” Friedman said.
Roubini: Worst Yet to Come
November 17th, 2009For your Captain Obvious file folder.
Via: New York Daily News:
Think the worst is over? Wrong. Conditions in the U.S. labor markets are awful and worsening. While the official unemployment rate is already 10.2% and another 200,000 jobs were lost in October, when you include discouraged workers and partially employed workers the figure is a whopping 17.5%.
…
So we can expect that job losses will continue until the end of 2010 at the earliest. In other words, if you are unemployed and looking for work and just waiting for the economy to turn the corner, you had better hunker down. All the economic numbers suggest this will take a while. The jobs just are not coming back.
And Now… The Fear Sniffing Magic 8 Ball Terrorist Detector
November 17th, 2009Via: PhysOrg:
British scientists are aiming to develop a device that can detect the smell of fear, and that could one day identify terrorists, drug smugglers, and other criminals.
The 18-month project to develop two sensor systems is being carried out at the City University London, and is being led by Professor Tong Sun. The project has funding from the Home Office Scientific Development Branch.
After a feasibility study is complete, two devices are expected to be designed to identify the fear pheromone in human sweat; one by laser absorption, and the other by a portable optical fiber instrument. The devices could be used to help police identify abnormal behavior at big events such as the 2012 Olympics.
The research project follows on from evidence gained last year in the US by scientists who collected the underarm sweat of 20 novice skydivers about to make their first jump. They then asked other volunteers, ignorant of the experiment’s nature, to smell the samples via a nebulizer, while their brains were scanned. The study found the smell of fear is real, and that the parts of the brain associated with fear responded to the smell of fear.
The British scientists hope to use the effect to develop security systems that can detect the fear pheromone. The challenge, according to Sun, is in identifying and characterizing the specific chemical signature for human fear, especially fear related to criminal acts.
The research will also examine potential problems such as interference by deodorants and perfumes, and will look at variations in pheromone production in different people.
Professor Sun said prototypes of the “fear detectors” could be developed within a couple of years, and she added that she saw no reason why there could not be similar detectors to identify other human odors by age, gender or race, in order to build a profile of a criminal.
U.S. Job Losses Demystified
November 17th, 2009Via: Seeking Alpha:
As the unemployment rate crossed the double digit barrier for the first time since Michael Jackson learned to moonwalk, President Obama announced that he will convene a “jobs summit” to finally bring the problem under control. Using all the analytic skill that his administration can muster, the President is determined to figure out why so many people are losing their jobs and then formulate a solution. That’s a relief; for a while there, I thought we were in real trouble! In fact, the absolute last thing our economy needs is more federal government interference. If Obama really wants to know what’s behind entrenched joblessness, he should start by looking at the man in the mirror.
Obama is pursuing, with unprecedented vigor, the same policies that have for decades undermined our industrial base and yoked us to an unsustainable consumer/credit driven economy. This doubling down on Washington’s past failures is destroying jobs at an alarming rate. We learned that the September trade deficit surged by 18.2%, the largest gain in ten years. Much of the deficit resulted from Americans spending Cash-for-Clunkers stimulus money on imported cars – or “American” cars loaded to the sunroof with imported parts. In exchange for more domestic debt, we have succeeded only in creating foreign jobs.
An article in last week’s New York Times by veteran writer Louis Uchitelle confirmed a fact that I have been alleging for years. Uchitelle pointed out that foreign outsourcing of component manufacturing has led to consistent overstatement of U.S. GDP and productivity. The connection goes a long way to explain why we keep losing jobs even as GDP is apparently expanding.
As our economy becomes less competitive due to higher taxes, burdensome and uncertain regulations, and capital flight, more manufacturing and services will be outsourced to foreign firms. However, the flaw in GDP calculation allows the output of those foreign workers to be included in our domestic tally. Since we count the output but not the worker responsible for it, government statisticians attribute the gains to rising labor productivity. To them, it looks like companies are producing more goods with fewer workers.
The reality is that we are producing less with fewer workers. The added “productivity” comes from higher unemployment and larger trade deficits. This is a toxic formula that will have lethal economic consequences.
Chevron Sued for Billions After Poisoning Waterways in Ecuador; One of the Largest Environmental Damage Cases in History
November 17th, 2009Via: Sydney Morning Herald:
Tens of thousands of Amazonians are suing Chevron, the American oil company, for poisoning their waterways in what is billed as one of the biggest environmental cases in history.
The Ecuadorean claimants said the company illegally dumped toxic waste from its oil production, which filtered into the lakes used by thousands of people for washing and drinking.
The result, they claimed, was one of the worst environmental disasters in history, which led to a public health crisis with rising levels of cancer, birth defects and miscarriages.
Some 30,000 Amazonians are behind a case to be heard by an Ecuadorean judge. Experts said the company might have to pay damages of up to $US27 billion ($29 billion).
The company said there was no proof that any illnesses were caused by its operations. It said the responsibility for cleaning the area lay with the Ecuadorean government and Petroecuador, the state oil company.
U.S. Special Forces Tracking and Countertracking Manual TC 31-34-4
November 17th, 2009I thought I’d just take a quick look, out of curiosity, because it’s a restricted manual…
Don’t click through unless you have at least an hour to blow.
Can you tell the difference between male and female footprints? Want to know what footprints left by someone walking backward over vegetation look like? Wonder how weather affects the clarity of footprints? Wonder about the difference between prints left by wrapped boots vs. unwrapped boots???
It goes on and on. While there’s a lot of potentially useful information here, it’s probably best for feeding any Aspergerian tendencies that you might have.
Check it out on Wikileaks: US Special Forces Tracking and Counter-Tracking, TC 31-34-4, Sep 2009
Active Duty Military Personnel “Volunteer” as Counterinsurgency Advisors with Salinas Police Department
November 17th, 2009This is an astonishing story.
Via: Washington Post:
Famed to readers as the birthplace of John Steinbeck and in supermarket produce circles as the “Salad Bowl of the World,” the city of Salinas carries darker renown in the netherworld of California’s prisons. Instant respect is accorded any inmate tattooed with the words “Salad Bowl” or “Salis” — gang shorthand for a city now defined most of all by ferocious eruptions of violence.
In the space of 11 days this year, seven people were murdered in Salinas. Each killing, like the record 25 homicides the previous year, spilled from the gang warfare that this summer pushed the homicide rate in the city of 140,000 to three times that of Los Angeles. Residents retreated indoors at night, and Mayor Dennis Donohue affirmed his decision to seek help from an unlikely source: the U.S. military.
Since February, combat veterans of Iraq and Afghanistan have been advising Salinas police on counterinsurgency strategy, bringing lessons from the battlefield to the meanest streets in an American city.
“This is our surge,” said Donohue, who solicited the assistance from the elite Naval Postgraduate School, 20 miles and a world away in Monterey. “When the public heard about this, they thought we were going to send the Navy SEALs into Salinas.”
In fact, the cavalry arrived in civvies, carrying laptops rather than M-16s and software instead of mortars. In this case, the most valuable military asset turned out to be an idea: Change the dynamic in the community and victory can follow.
“It’s a little laboratory,” said retired Col. Hy Rothstein, the former Army career officer in Special Forces who heads the team of 15 faculty members and students, mostly naval officers taking time between deployments to pick up a master’s degree. Their effort in Salinas counts as extracurricular and is necessarily voluntary, given the constitutional bar on the military operating within U.S. borders.
“Obviously, there are restrictions,” said Salinas Deputy Police Chief Kelly McMillin. “Not only the constitutional part of it, but just the idea we are going to have choppers fast-roping onto Alisal Street.”
Research Credit: Zenc
Destroying al Qaeda Is Not an Option (Yet)
November 17th, 2009Via: Foreign Policy:
The world would be wise to keep al Qaeda alive, paradoxically enough, for security reasons. Like it or not, keeping a battered al Qaeda intact (if weak) is the world’s best hope of funneling Islamist fanatics into one social network — where they stand the best chance of being spotted, tracked, and contained. The alternative, destroying the terrorist group, would risk fragmenting al Qaeda into thousands of cells, and these will be much harder to follow and impossible to eradicate. It’s the counterterrorist’s dilemma, and the only real choice is the least unsavory: Al Qaeda must live.
Research Credit: Zenc
Britain: Ex-Soldier Faces Jail for Handing in Gun to Police
November 17th, 2009Via: This Is Surrey:
A former soldier who handed a discarded shotgun in to police faces at least five years imprisonment for “doing his duty”.
Paul Clarke, 27, was found guilty of possessing a firearm at Guildford Crown Court on Tuesday – after finding the gun and handing it personally to police officers on March 20 this year.
The jury took 20 minutes to make its conviction, and Mr Clarke now faces a minimum of five year’s imprisonment for handing in the weapon.
In a statement read out in court, Mr Clarke said: “I didn’t think for one moment I would be arrested.
“I thought it was my duty to hand it in and get it off the streets.”
The court heard how Mr Clarke was on the balcony of his home in Nailsworth Crescent, Merstham, when he spotted a black bin liner at the bottom of his garden.
In his statement, he said: “I took it indoors and inside found a shorn-off shotgun and two cartridges.
“I didn’t know what to do, so the next morning I rang the Chief Superintendent, Adrian Harper, and asked if I could pop in and see him.
“At the police station, I took the gun out of the bag and placed it on the table so it was pointing towards the wall.”
Mr Clarke was then arrested immediately for possession of a firearm at Reigate police station, and taken to the cells.
Defending, Lionel Blackman told the jury Mr Clarke’s garden backs onto a public green field, and his garden wall is significantly lower than his neighbours.
He also showed jurors a leaflet printed by Surrey Police explaining to citizens what they can do at a police station, which included “reporting found firearms”.
Quizzing officer Garnett, who arrested Mr Clarke, he asked: “Are you aware of any notice issued by Surrey Police, or any publicity given to, telling citizens that if they find a firearm the only thing they should do is not touch it, report it by telephone, and not take it into a police station?”
To which, Mr Garnett replied: “No, I don’t believe so.”
Prosecuting, Brian Stalk, explained to the jury that possession of a firearm was a “strict liability” charge – therefore Mr Clarke’s allegedly honest intent was irrelevant.
Just by having the gun in his possession he was guilty of the charge, and has no defence in law against it, he added.
But despite this, Mr Blackman urged members of the jury to consider how they would respond if they found a gun.
He said: “This is a very small case with a very big principle.
“You could be walking to a railway station on the way to work and find a firearm in a bin in the park.
“Is it unreasonable to take it to the police station?”
Paul Clarke will be sentenced on December 11.
Judge Christopher Critchlow said: “This is an unusual case, but in law there is no dispute that Mr Clarke has no defence to this charge.
“The intention of anybody possessing a firearm is irrelevant.”
Research Credit: dagobaz


