Russia Finds Missing Cargo Ship

August 17th, 2009

Queue Twilight Zone music.

Via: BBC:

Russia says it has found a missing cargo vessel near the Cape Verde islands and retrieved its Russian crew.

Defence Minister Anatoly Serdyukov said that the 15-member crew had been taken on board a Russian navy vessel. They were in good condition, he said.

The Finnish-owned Arctic Sea went off radar after passing through the English Channel with its cargo of timber.

Speculation over the cause of its disappearance had ranged from pirates to a mafia dispute to a commercial row.

The Arctic Sea was found at 0100 Monday (2100 GMT Sunday) 300 miles (480 km) off Cape Verde in the Atlantic Ocean, Tass news agency quoted Mr Serdyukov as telling Russian President Dmitry Medvedev.


IBM Uses DNA to Make Next-Gen Microchips

August 17th, 2009

I don’t post a lot of ten-years-from-now type stories, but the weird factor on this one is pretty high.

Via: Reuters:

International Business Machines Corp is looking to the building blocks of our bodies — DNA — to be the structure of next-generation microchips.

As chipmakers compete to develop ever-smaller chips at cheaper prices, designers are struggling to cut costs.

Artificial DNA nanostructures, or “DNA origami” may provide a cheap framework on which to build tiny microchips, according to a paper published on Sunday in the journal Nature Nanotechnology.

Microchips are used in computers, cell phones and other electronic devices.

“This is the first demonstration of using biological molecules to help with processing in the semiconductor industry,” IBM research manager Spike Narayan said in an interview with Reuters.

“Basically, this is telling us that biological structures like DNA actually offer some very reproducible, repetitive kinds of patterns that we can actually leverage in semiconductor processes,” he said.

The research was a joint undertaking by scientists at IBM’s Almaden Research Center and the California Institute of Technology.

Right now, the tinier the chip, the more expensive the equipment. Narayan said that if the DNA origami process scales to production-level, manufacturers could trade hundreds of millions of dollars in complex tools for less than a million dollars of polymers, DNA solutions, and heating implements.

“The savings across many fronts could add up significantly,” he said.

But the new processes are at least 10 years out. Narayan said that while the DNA origami could allow chipmakers to build frameworks that are far smaller than possible with conventional tools, the technique still needs years of experimentation and testing.

Research Credit: ltcolonelnemo


Stocks Selling Off Around the World; U.S. Futures Down

August 17th, 2009

Via: Bloomberg:

U.S. stock-index futures retreated, indicating the Standard & Poor’s 500 Index will extend last week’s drop, as Japan’s economy grew less than estimated and commodities declined. Stocks in Asia and Europe tumbled.

Intel Corp., which gets about 60 percent of annual sales in the Asia-Pacific region, and International Business Machines Corp. fell at least 1.5 percent in Europe. Citigroup Inc. and Bank of America Corp. both sank 3.9 percent in early New York trading. Alcoa Inc. and ConocoPhillips slipped with metals and crude oil prices.

Futures on the S&P 500 expiring in September retreated 1.9 percent to 986.30 as of 11:16 a.m. in London. Dow Jones Industrial Average futures declined 1.8 percent to 9,157, while Nasdaq-100 Index futures slid 1.7 percent to 1,587.50.


Mexican Army Takes Over Customs on U.S. Border

August 17th, 2009

Via: AFP:

Mexico’s Army took control of customs Sunday on the busy US border, as federal authorities pulled agents off the job in a massive anti-corruption shakeup, officials told AFP.

An Interior Ministry official said the dismissals were being carried out at all Mexican border facilities, and that the customs agents were being replaced.

Customs agents were sacked after some were found to be linked to contraband operations, according to sources at the ministry.

Agents in Nuevo Laredo, on the border with the southern US state of Texas, were called in Saturday to be told they were fired, and to hand in their badges and weapons. A total of 1,100 agents were sacked, Mexican media said.

Army troops took over customs border posts temporarily on Sunday.


Leaked Letter: Neurologists Concerned About Swine Flu Vaccine

August 16th, 2009

Unfortunately, the Daily Mail is the original source for this story.

Via: Daily Mail:

A warning that the new swine flu jab is linked to a deadly nerve disease has been sent by the Government to senior neurologists in a confidential letter.

The letter from the Health Protection Agency, the official body that oversees public health, has been leaked to The Mail on Sunday, leading to demands to know why the information has not been given to the public before the vaccination of millions of people, including children, begins.

It tells the neurologists that they must be alert for an increase in a brain disorder called Guillain-Barre Syndrome (GBS), which could be triggered by the vaccine.

GBS attacks the lining of the nerves, causing paralysis and inability to breathe, and can be fatal.

The letter, sent to about 600 neurologists on July 29, is the first sign that there is concern at the highest levels that the vaccine itself could cause serious complications.

It refers to the use of a similar swine flu vaccine in the United States in 1976 when:

* More people died from the vaccination than from swine flu.
* 500 cases of GBS were detected.
* The vaccine may have increased the risk of contracting GBS by eight times.
* The vaccine was withdrawn after just ten weeks when the link with GBS became clear.
* The US Government was forced to pay out millions of dollars to those affected.

Concerns have already been raised that the new vaccine has not been sufficiently tested and that the effects, especially on children, are unknown.

It is being developed by pharmaceutical companies and will be given to about 13million people during the first wave of immunisation, expected to start in October.

Top priority will be given to everyone aged six months to 65 with an underlying health problem, pregnant women and health professionals.

The British Neurological Surveillance Unit (BNSU), part of the British Association of Neurologists, has been asked to monitor closely any cases of GBS as the vaccine is rolled out.

One senior neurologist said last night: ‘I would not have the swine
flu jab because of the GBS risk.’

There are concerns that there could be a repeat of what became known as the ‘1976 debacle’ in the US, where a swine flu vaccine killed 25 people – more than the virus itself.

A mass vaccination was given the go-ahead by President Gerald Ford because scientists believed that the swine flu strain was similar to the one responsible for the 1918-19 pandemic, which killed half a million Americans and 20million people worldwide.

Within days, symptoms of GBS were reported among those who had been immunised and 25 people died from respiratory failure after severe paralysis. One in 80,000 people came down with the condition. In contrast, just one person died of swine flu.

More than 40million Americans had received the vaccine by the time the programme was stopped after ten weeks. The US Government paid out millions of dollars in compensation to those affected.

The swine flu virus in the new vaccine is a slightly different strain from the 1976 virus, but the possibility of an increased incidence of GBS remains a concern.


The Pentagon Wants Authority to Post Almost 400,000 Military Personnel in U.S.

August 15th, 2009

Via: Progressive:

The Pentagon has approached Congress to grant the Secretary of Defense the authority to post almost 400,000 military personnel throughout the United States in times of emergency or a major disaster.

This request has already occasioned a dispute with the nation’s governors. And it raises the prospect of U.S. military personnel patrolling the streets of the United States, in conflict with the Posse Comitatus Act of 1878.

In June, the U.S. Northern Command distributed a “Congressional Fact Sheet” entitled “Legislative Proposal for Activation of Federal Reserve Forces for Disasters.” That proposal would amend current law, thereby “authorizing the Secretary of Defense to order any unit or member of the Army Reserve, Air Force Reserve, Navy Reserve, and the Marine Corps Reserve, to active duty for a major disaster or emergency.”

Taken together, these reserve units would amount to “more than 379,000 military personnel in thousands of communities across the United States,” explained Paul Stockton, Assistant Secretary of Defense for Homeland Defense and America’s Security Affairs, in a letter to the National Governors Association, dated July 20.

Research Credit: WS


Mutated Virus from Vaccine Causing Polio Outbreaks in Africa

August 15th, 2009

See The Polio Vaccine: A Critical Assessment of Its Arcane History, Efficacy, and Long-Term Health-Related Consequences by Neil Z. Miller (pdf).

Via: Boston Globe:

Polio, the dreaded paralyzing disease stamped out in the industrialized world, is spreading in Nigeria. And health officials say in some cases, it’s caused by the vaccine used to fight it.

…

Experts have long believed epidemics unleashed by a vaccine’s mutated virus wouldn’t last since the vaccine only contains a weakened virus strain — but that assumption is coming under pressure. Some experts now say that once viruses from vaccines start circulating they can become just as dangerous as wild viruses.

“The only difference is that this virus was originally in a vaccine vial,” said Olen Kew, a virologist at the U.S. Centers for Disease Control and Prevention.

Research Credit: j crash


A Complete Unknown: Bob Dylan Detained by Police for Failure to Produce His Papers

August 15th, 2009

Via: Telegraph:

A novice policewoman picked up an “eccentric old man acting suspiciously”, completely unaware that it was Bob Dylan.

The 22-year-old officer was dispatched after residents in the New Jersey town of Long Branch had phoned to complain that a man in the Latin quarter was acting suspiciously.

When the officer asked the man for identification papers, he did not have a driving licence or other form of ID to prove his identity.

The songwriter, famous for hits such as Like a Rolling Stone and Mr Tambourine Man, was then ordered into the back of her police car and driven back to his hotel to authenticate his story.

It was not until she radioed her colleagues at the police station to ask who he was did she realise her mistake.

A spokesman for Long Branch police confirmed the incident with Dylan took place last month at the seaside town on the Jersey shore.

“It has been the talk of the station,” said one officer.

“The policewoman was very young and did not recognise Dylan. There was another officer with her and even he did not recognise Dylan.

“Both said they never listened to his music and had no idea what he looked like.”

Dylan, 68, who was in the area for a concert with Willie Nelson and John Mellencamp, has been spotted out alone previously

Rather than use a chauffeur-driven car after a concert in belfast in 1991, he was spotted waiting at a bus stop by a television crew.

Earlier this year, Dylan climbed back to the top of the British charts for the first time in 38 years with his album Together Through Life.


FDIC Friday Bank Failures Much More Significant Than Usual

August 15th, 2009

Via: CNN:

Troubled Colonial BancGroup will be bought by rival BB&T Friday, the government said after state regulators closed the bank whose assets had been frozen by a federal judge.

The Montgomery, Ala., bank, which has 346 branches spread across Florida, Alabama, Georgia, Nevada, and Texas, is the sixth largest bank failure in U.S. history and by far the largest failure of 2009.

With $25 billion in assets and $20 billion in deposits, Colonial is 100 times larger than the typical bank to have failed this year.

BB&T will buy $22 billion of Colonial’s assets, as well as its deposits and branches, leaving the remaining assets in the hands of the Federal Deposit Insurance Corp.

BB&T, based in Winston-Salem, N.C., is also a regional banking power, with 1,500 branches across the Southeast. It is also a major mortgage lender.

Most customers of Colonial should not be affected by the closing. The FDIC, the federal agency that has protected bank deposits since the Great Depression, will guarantee account balances up to $250,000.

But home buyers and those who want to refinance their mortgages could end up paying somewhat higher rates, even if they have never heard of Colonial, said Guy Cecala, publisher of trade publication Inside Mortgage Finance.

Cecala said Colonial was a significant player in the sector of the business known as “mortgage warehouse” lending, which provides financing needed by mortgage brokers and non-bank lenders to make home loans.

“The more firms like this that get out, the more dependent we get on large banks, and less competition there is. That’s never a good thing,” he said. Warehouse lending used to be a huge source of funds for home loans, according to Cecala, but the mortgage defaults and declining home prices of recent years has decimated the business.

“The warehouse lending market is now so fragile and so small, it doesn’t help when we lose anybody,” he said. “We have only a cup of water where we used to have a bucket of water.”


Toxic Loans Topping 5% May Push 150 Banks to Point of No Return

August 14th, 2009

Via: Bloomberg:

More than 150 publicly traded U.S. lenders own nonperforming loans that equal 5 percent or more of their holdings, a level that former regulators say can wipe out a bank’s equity and threaten its survival.

The number of banks exceeding the threshold more than doubled in the year through June, according to data compiled by Bloomberg, as real estate and credit-card defaults surged. Almost 300 reported 3 percent or more of their loans were nonperforming, a term for commercial and consumer debt that has stopped collecting interest or will no longer be paid in full.

The biggest banks with nonperforming loans of at least 5 percent include Wisconsin’s Marshall & Ilsley Corp. and Georgia’s Synovus Financial Corp., according to Bloomberg data. Among those exceeding 10 percent, the biggest in the 50 U.S. states was Michigan’s Flagstar Bancorp. All said in second- quarter filings they’re “well-capitalized” by regulatory standards, which means they’re considered financially sound.

“At a 3 percent level, I’d be concerned that there’s some underlying issue, and if they’re at 5 percent, chances are regulators have them classified as being in unsafe and unsound condition,” said Walter Mix, former commissioner of the California Department of Financial Institutions, and now a managing director of consulting firm LECG in Los Angeles. He wasn’t commenting on any specific banks.

Missed payments by consumers, builders and small businesses pushed 72 lenders into failure this year, the most since 1992. More collapses may lie ahead as the recession causes increased defaults and swells the confidential U.S. list of “problem banks,” which stood at 305 in the first quarter.


« Previous Page — Next Page »