Food Crisis Could Force Wartime Rations and Vegetarian Diet on Britons

August 11th, 2009

You’ll love the citation for the source of this:

“A paper setting out the food security assessment…”

That’s it.

The The Great Rupert Murdoch Wurlitzer strikes again.

Via: Times:

The British people face wartime rations and a vegetarian diet in the event of a world food shortage, a new official assessment on the UK’s food security suggests today.

Even though the nation is 73 per cent self-sufficient in food production, higher than during the 1950s, the food chain is at risk from global influences such as a worldwide increase in population, climate change bringing extreme weather patterns, higher oil prices and more crops being grown for bio-fuel instead of food.

Supplies in future may also be disrupted by animal disease outbreaks, disruption of power supplies, trade disputes and interruptions for shipping and at ports.

The UK however has one of the highest cereal production capabilities in the world with seven tonnes grown per hectare, compared a world average of 3.3 tonnes per hectare.

In the event of an extreme event, cereal crops would be used to feed the nation and ensure that each person received sufficient daily calories.

But people would have to consume less — the average number of calories eaten per day in the early 1960s was about 2,100, whereas the most recent figure compiled by the United Nations Food and Agriculture Organisation is 2,800.

Even during the Second World War Britain did not have to rely wholly on domestic food production, but Hilary Benn, the Cabinet Minister with overall responsibility for food policy, has ordered officials to prepare for a scenario where the country could feed itself.

In the event of an extreme emergency the most dramatic consequence would be every person eating a predominantly vegetarian diet — more cereals, fruit and vegetables and less meat and poultry. Cereals used to feed farm animals would be shifted into human food production.

A paper setting out the food security assessment states that the food on offer would be “a highly restricted, if sufficiently nutritious diet”.

One of the biggest threats to the supply chain would be restrictions in trade of meat and poultry from Argentina and Brazil or of GM soya, the main commodity used to feed livestock in Britain.


Shut Out at Home, Americans Seek Opportunity in China

August 11th, 2009

Via: New York Times:

Shanghai and Beijing are becoming new lands of opportunity for recent American college graduates who face unemployment nearing double digits at home.

Even those with limited or no knowledge of Chinese are heeding the call. They are lured by China’s surging economy, the lower cost of living and a chance to bypass some of the dues-paying that is common to first jobs in the United States.


Governors Oppose DoD Emergency Powers

August 10th, 2009

Via: The Hill:

A bipartisan pair of governors is opposing a new Defense Department proposal to handle natural and terrorism-related disasters, contending that a murky chain of command could lead to more problems than solutions.

Vermont Gov. Jim Douglas (R), chairman of the National Governors Association, and Vice Chairman Gov. Joe Manchin (D) of West Virginia penned a letter opposing the Pentagon proposal, which they said would hinder a state’s effort to respond to a disaster.

Current law gives governors control over National Guard forces in their own states as well as any Guard units and Defense Department personnel imported from other states.

The letter comes as the Pentagon proposes a legislative fix that would give the secretary of Defense the authority to assist in response to domestic disasters and, consequently, control over units stationed in an affected state.

“We are concerned that the legislative proposal you discuss in your letter would invite confusion on critical command and control issues, complicate interagency planning, establish stove-piped response efforts, and interfere with governors’ constitutional responsibilities to ensure the safety and security of their citizens,” Douglas and Manchin wrote to Paul Stockton, assistant secretary of Defense for Homeland Defense and America’s Security Affairs.

“One of the key lessons learned from the response to the terrorist attacks of Sept. 11, 2001, and to Hurricanes Katrina and Rita in 2005 was the need for clear chains of command to avoid duplication of effort and to ensure the most effective use of response resources,” the governors wrote.

Though the Pentagon has said the legislative fix would increase the number of Defense Department personnel available to respond to disasters, Douglas and Manchin expressed skepticism, arguing that current law already allows the Pentagon to order personnel to key areas inside the U.S.

A similar fix was removed from the Defense Department appropriation measure in conference committee for fiscal 2009.

A Pentagon spokesman did not immediately return a phone call seeking comment.


Parents Paying Thousands of Dollars to Firms That Help Their Kids Get Unpaid Internships

August 10th, 2009

Via: New York Times:

With paying jobs so hard to get in this weak market, a lot of college graduates would gladly settle for a nonpaying internship. But even then, they are competing with laid-off employees with far more experience.

So growing numbers of new graduates — or, more often, their parents — are paying thousands of dollars to services that help them land internships.

Call these unpaid internships that you pay for.

“It’s kind of crazy,” said David Gaston, director of the University of Kansas career center. “The demand for internships in the past 5, 10 years has opened up this huge market. At this point, all we can do is teach students to understand that they’re paying and to ask the right questions.”

Not that the parents are complaining. Andrew Topel’s parents paid $8,000 this year to a service that helped their son, a junior at the University of Tampa, get a summer job as an assistant at Ford Models, a top agency in New York.

“It would’ve been awfully difficult” to get a job like that, said Andrew’s father, Avrim Topel, “without having a friend or knowing somebody with a personal contact.” Andrew completed the eight-week internship in July and was invited to return for another summer or to interview for a job after graduation.

Andrew’s parents used a company called the University of Dreams, the largest and most visible player in an industry that has boomed in recent years as internship experience has become a near-necessity on any competitive entry-level résumé.

The company says it saw a spike in interest this year due to the downturn, as the number of applicants surged above 9,000, 30 percent higher than in 2008. And unlike prior years, the company says, a significant number of its clients were recent graduates, rather than the usual college juniors.

The program advertises a guaranteed internship placement, eight weeks of summer housing, five meals a week, seminars and tours around New York City for $7,999. It has a full-time staff of 45, and says it placed 1,600 student interns in 13 cities around the world this year, charging up to $9,450 for a program in London and as little as $5,499 in Costa Rica.


Ex-Madoff Finance Chief Could Point U.S. to Other Accomplices

August 10th, 2009

This might be interesting to watch.

Via: Bloomberg:

Frank DiPascali, the finance chief at Bernard Madoff’s investment advisory business who agreed to plead guilty, could help prosecutors build criminal cases against other players in his boss’s $65 billion Ponzi scheme.

DiPascali, 52, is scheduled to enter his plea tomorrow in federal court in Manhattan, U.S. Attorney Lev Dassin told a judge in an Aug. 8 letter that didn’t specify the charges. DiPascali would waive indictment and plead guilty, which signals to lawyers that he is cooperating to lessen his prison term.

“I believe he’s cooperating,” said John J. Fahy, a former federal prosecutor not involved in the case. “He would be very valuable to the government because he has been close to Madoff for so many years and had to have seen some of the fraudulent transactions that went on. From what we know of Madoff, he trusted very few people.”

Madoff, 71, is serving a 150-year prison term after pleading guilty to running the largest fraud to pay early clients with money from new investors. Madoff’s failure to identify accomplices or substantially help the receiver locating assets of his firm, Bernard L. Madoff Investment Securities LLC, makes DiPascali valuable, said attorney Andrew Hruska.

“From what I understand, he was perfectly placed to understand all aspects of the fraud,” said Hruska, a former federal prosecutor not involved in the case.

DiPascali spent 33 years at the firm, playing a key role in operations on the 17th floor of the midtown Manhattan building where Madoff’s fraudulent investment advisory business was based, according to investors. Investor Tim Murray said in January that DiPascali was a “street-smart New Yorker” who fielded phone calls about his money at the firm.

‘He is the Guy’

“To a Madoff customer with a discretionary account, he is the guy,” Murray said. “There is nobody else.”

Only Madoff and the firm’s outside accountant, David Friehling, have been charged so far with crimes. Friehling has pleaded not guilty to charges of fraud and making false statements to the U.S. Securities and Exchange Commission.

DiPascali was “closest to the actual operations of the Ponzi scheme,” said Columbia University Professor John Coffee, a securities law expert.

“If there was anything known by anyone else but Bernie Madoff, it was known by Frank DiPascali,” Coffee said. “The question is who had direct conversations with Frank DiPascali and what was said.”


Lament for a Dying Field: Photojournalism

August 10th, 2009

Wow. I’ve made some boneheaded decisions in my life, but the decision to not stick with photojournalism wasn’t one of them.

When I was involved in the 1990s, it seemed grim, in terms of income. It’s obviously much worse now.

To those of you who are making it work, I salute you.

To those of you who do it because you can’t help it… I know. I’ve been there.

Via: New York Times:

When photojournalists and their admirers gather in southern France at the end of August for Visa pour l’Image, the annual celebration of their craft, many practitioners may well be wondering how much longer they can scrape by.

Newspapers and magazines are cutting back sharply on picture budgets or going out of business altogether, and television stations have cut back on news coverage in favor of less-costly fare. Pictures and video snapped by amateurs on cellphones are posted to Web sites minutes after events have occurred. Photographers trying to make a living from shooting the news call it a crisis.

In the latest sign of distress, the company that owns the photo agency Gamma sought protection from creditors on July 28 after a loss of €3 million, or $4.2 million, in the first half of the year as sales fell by nearly a third.

Gamma was founded in 1966 by the photographers Raymond Depardon and Gilles Caron. With Sygma, Sipa and, earlier, Magnum, it was one of the independent agencies that helped make Paris a world capital for photojournalism, attracting some of the best photographers the field has produced.

A Paris commercial court gave Gamma’s owner, Eyedea Presse, six months to reorganize itself. The company employs 56 people in its Paris headquarters, 14 of them photographers.

Olivia Riant, a spokeswoman for Eyedea, said there would “inevitably” be job cuts to make the agency viable.

“The business model is not working today,” she said. “So without some changes, it won’t work tomorrow.”

“The problem is that news photography is finished,” Ms. Riant said. “Gamma wants to go back to magazines and newsmagazines. We will stop covering daily news events to more deeply cover issues.”

…

“Photojournalism means the photographers can tell the story themselves in pictures, and there were places where they could publish those photos,” Mr. Klein said. “In the print world, many, if not most, of those places have since disappeared.”

Still, he said, there are reasons to be optimistic, because “thanks to the Web, there are now billions of pages for photographers to show their work,” he added. “That’s led to more photos being used, but at a lower price point.”

Jean-François Leroy, organizer of the Visa pour l’Image photojournalism festival, which runs in Perpignan for two weeks beginning Aug. 29, pointed to a declining emphasis in the media on serious subjects — what he called the “disease of the press” — as another problem.

“Photographers are producing plenty of great stuff, but now the media seem interested only in celebrities,” he said. When Michael Jackson died, it wasn’t part of the news, it was the news. How many photographs of his funeral did we really need?”

Mr. Leroy said he would advise budding photojournalists to think very carefully about their commitment to the calling. Twenty years ago, a photojournalist made enough money to live on, he said. “I’m not pretending you would get rich, but you were able to live decently,” he said. “That is not the case now.”


The Hank Paulson Goldman Sachs Party Line

August 10th, 2009

Via: New York Times:

Before he became President George W. Bush’s Treasury secretary in 2006, Henry M. Paulson Jr. agreed to hold himself to a higher ethical standard than his predecessors. He not only sold all his holdings in Goldman Sachs, the investment bank he had run, but also specifically said that he would avoid any substantive interaction with Goldman executives for his entire term unless he first obtained an ethics waiver from the government.

But today, seven months after Mr. Paulson left office, questions are still being asked about his part in decisions last fall to prop up the teetering financial system with tens of billions of taxpayer dollars, including aid that directly benefited his former firm. Testifying on Capitol Hill last month, he was grilled about his relationship with Goldman.

“Is it possible that there’s so much conflict of interest here that all you folks don’t even realize that you’re helping people that you’re associated with?” Representative Cliff Stearns, Republican of Florida, asked Mr. Paulson at the July 16 hearing.

“I operated very consistently within the ethic guidelines I had as secretary of the Treasury,” Mr. Paulson responded, adding that he asked for an ethics waiver for his interactions with his old firm “when it became clear that we had some very significant issues with Goldman Sachs.”

Mr. Paulson did not say when he received a waiver, but copies of two waivers he received — from the White House counsel’s office and the Treasury Department — show they were issued on the afternoon of Sept. 17, 2008.

That date was in the middle of the most perilous week of the financial crisis and a day after the government agreed to lend $85 billion to the American International Group, which used the money to pay off Goldman and other big banks that were financially threatened by A.I.G.’s potential collapse.

It is common, of course, for regulators to be in contact with market participants to gather valuable industry intelligence, and financial regulators had to scramble very quickly last fall to address an unprecedented crisis. In those circumstances it would have been difficult for anyone to follow routine guidelines.

While Mr. Paulson spoke to many Wall Street executives during that period, he was in very frequent contact with Lloyd C. Blankfein, Goldman’s chief executive, according to a copy of Mr. Paulson’s calendars acquired by The New York Times through a Freedom of Information Act request.

During the week of the A.I.G. bailout alone, Mr. Paulson and Mr. Blankfein spoke two dozen times, the calendars show, far more frequently than Mr. Paulson did with other Wall Street executives.

On Sept. 17, the day Mr. Paulson secured his waivers, he and Mr. Blankfein spoke five times. Two of the calls occurred before Mr. Paulson’s waivers were granted.

Michele Davis, a spokeswoman for Mr. Paulson, said that the former Treasury secretary was busy writing his memoirs and that his publisher had barred him from granting interviews until his manuscript was done.


Pentagon Puts Afghan Drug-Traffickers on Hitlist

August 10th, 2009

I wonder how many of the people on the hit list were present at the MI6 meetings with the Taliban? Also, remember the opium bridge that the U.S. built at great expense? Has that been blown up yet? Where’s the 4,200 tons stockpile of opium (or has that been converted into 600 tons of heroin by now)?

Questions, questions.

Here’s on thing that’s clear: Beware of British and American spooks who will use you for their drug business for awhile, and then call in NATO to cut you out of the deal.

Via: Guardian:

Fifty Afghans who are suspected of drug trafficking and have ties with the Taliban have been placed on a Pentagon target list to be captured or killed, according to a congressional study to be released this week, the New York Times reported yesterday .

The move, reflecting a shift in US counter-narcotics strategy in Afghanistan, is certain to provoke controversy.

US commanders, who described it an essential part of a plan to disrupt the flow of drug money helping to finance the Taliban insurgency, are reported to have told Congress they are convinced that the policy is legal under the military’s rules of engagement and international law.

However, targeting individuals in a deliberate assassination policy is regarded by many Nato countries, and by many lawyers and military advisers in Britain, as unlawful.

“This was a hard sell in Nato,” said retired General John Craddock, Nato’s supreme allied commander until he retired in July, the New York Times reported.

In interviews with the Senate foreign relations committee, two US generals serving in Afghanistan said major traffickers with known links to the insurgency had been put on the “joint integrated prioritised target list”. That means they have been given the same target status as insurgent leaders, and can be captured or killed at any time.

Currently, they said, there were about 50 major traffickers who contribute money to the Taliban on the list.

“We have a list of 367 ‘kill or capture’ targets, including 50 nexus targets who link drugs and the insurgency,” one of the generals told the committee staff.

The question of how to deal with the opium poppy harvest and drug trade in Afghanistan, the source of 90% of the world’s heroin, has been a highly controversial issue for years. European allies, and Britain in particular, opposed America’s initial plan to destroy poppy crops – a policy British military commanders argued would simply drive more Afghan farmers into the hands of the Taliban.

Donald Rumsfeld, then US defence secretary, was opposed to targeting drug barons on the grounds that it would anger warlords he wanted as allies.

More recently, the US and Britain have come round to the view that their special forces and intelligence agencies should target drug barons and their laboratories.

Several individuals suspected of ties to drug trafficking have already been apprehended, and others have been killed by the US military since the new policy went into effect earlier this year, a senior military official told the New York Times.

Research Credit: ltcolonelnemo


Japan Core Machinery Orders up 9.7 Percent in June

August 10th, 2009

* raised eyebrow *

Via: AP:

Japan’s core machinery orders, a closely watched indicator of corporate capital spending, jumped in June for the first time in four months, the government said Monday.

Core private sector machinery orders in June surged 9.7 percent from a month earlier to 732.8 billion yen ($7.5 billion), according to the Cabinet Office report. The figure excludes often volatile orders from shipbuilders and electric power firms.

The result offers further evidence of an emerging recovery for the world’s No. 2 economy, marking a major improvement from a 3 percent decline recorded in May. It also beat a 3.1 percent rise forecast in a Kyodo news agency market survey.

But Yuichiro Nagai, an economist at Barclays Capital in Tokyo, cautioned against getting too excited about the latest numbers.

June’s sharp rise stems in large part from a big one-time jump in orders from the nonferrous metals industry. Excluding this factor, core orders were generally in line with forecasts, he said.

Large gains from steelmakers and transport equipment companies also contributed to June’s jump.

Like its Asian neighbors, Japan was battered by the plunge in global demand triggered by the U.S. financial crisis last year. The country’s marquee brands, including Toyota and Sony, have been among the hardest hit, posting massive losses, cutting jobs and slashing production.

An uptick in global demand, particularly from China, has breathed some life back into Japanese manufacturers recently. Factory output rose 2.4 percent in June for the fourth monthly climb.


Karzai Family’s Wealth ‘Fuelling Insurgency’

August 10th, 2009

Via: Telegraph:

Persistent allegations of corruption aimed at Hamid Karzai’s family are undermining Western efforts in Afghanistan and feeding the Taliban-led insurgency, Washington policy-makers have warned.

The president’s brothers, Mahmoud and Ahmed Wali, are accused of having amassed millions of pounds since Mr Karzai took office even as most of Afghanistan remains poverty stricken. The development has fuelled a popular disillusionment and anger with the leadership that the Taliban has exploited.

Ahmed Wali Karzai has been dogged by allegations, which he denies, of involvement in the country’s $3 billion opium trade, while Mahmoud Karzai has been accused of using his brother’s influence to build a business empire that has made him one of the country’s wealthiest men.


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