New Laser Weapons “Temporarily” Blind, Impair Balance, Cause Motion Sickness That Lasts for Several Hours

May 29th, 2009

“It can control people even with their eyes closed.”

Via: Photonics:

Laser developer Laser Energetics Inc. announced today that it introduced its nausea-inducing Dazer Laser nonlethal laser weapon Monday during the Little Neck-Douglaston N.Y. Memorial Day Parade, the largest and longest running Memorial Day Parade in the US.

The Dazer Laser comes in two handheld models, the Defender and the Guardian, which can be mounted on a rifle or a shotgun, the company said. The Defender emits an eye-safe green beam with a diameter of 0.2 m to 2.5 m (about 1 to 8 ft) into what the company calls the Dazer Zone, the range of which can adjust from as close as 1 m to the target to up to 2400 m away, or nearly a mile-and-a-half.

The beam, when shined in the face of a perceived aggressor, temporarily blinds them, impairs his or her balance, and gives them motion sickness that lasts for several hours, making it difficult for them to move, according to company publications. It can control people even with their eyes closed.

The Guardian operates with a smaller diameter beam and a shorter range of up to 100 m, or about 328 ft. Potential pplications for the lasers include homeland security, prison security, and crowd control in riots, the company said. Both models can also operate in non-daze mode as searchlights.

Laser Energetics said its Dazer Laser Light Fighting Technologies, which it called “a new tool to fight our enemies and threats,” was well received during the parade, which included all branches of the military, police and firemen. A speech by New York City Mayor Michael Bloomberg closed the event.

“This was the most appropriate place to begin our role out of the ‘ultimate nonlethal weapon’,” said Laser Energetics founder and CEO Robert D. Battis. “This weapon is humanitarian and will save the lives of both the enforcer and the threat at longer ranges. No longer will the enforcer have to risk their lives to bring the threat in closer to them in order to engage them, which puts the enforcers life at risk.”

The Dazer Laser can be fired continuously, giving the user the ability to aim the beam at the threat and fire until they hit it, unlike other nonlethal weapons that have to be reloaded and only work at close range, Battis said. The weapons can be used during the day or at night, in light rain snow or fog.

The company said it has completed engineering on both units and is now fabricating parts. It anticipates having working units of the prototypes by the end of the summer, with designing and engineering of the production line to manufacture the units taking place now.

“We anticipate proposals of over $200 million before the end of the summer 2009,” wrote Battis Wednesday on the company’s Web site. “Our first round of presentations over the last month have gone better than we could have imagined.”

The company’s recently completed expansion almost doubled its floor space in anticipation of starting a Dazer Laser pilot production line.

Research Credit: JH


DOLLAR NEXT LEG DOWN: GOLD AND OIL SHARPLY HIGHER

May 29th, 2009

WARNING: This is not a recommendation to buy, sell or hold any financial instrument.

Disclosure: I own USO and gold.

WEE!

USDX 79.80 taken out hard. Gold 975.60 +15.60. Nymex Crude $66.05 +.97.

Shorter term USO longs, consider moving your stops up. Oscillators are pegged overbought. While that doesn’t necessarily mean anything, keep in mind that we are getting into a resistance zone. I’m letting mine ride for now because the dollar has broken down nicely. Look out for a bounce on the USDX anytime between now and 78.50. That thing is going to want to bounce soon.

Via: Bloomberg:

Crude oil headed for its biggest monthly gain in a decade after OPEC kept its output unchanged amid signs the global economy is recovering.

Oil has gained 28 percent in May as equities rose and the U.S. dollar weakened, spurring demand for commodities. Japan said today that its industrial output climbed the most in at least six years in April, improving the outlook for a rebound in fuel demand.

…

Crude oil for July delivery rose as much as 36 cents, or 0.6 percent, to $65.44 a barrel on the New York Mercantile Exchange. It was at $65.40 at 2:46 p.m. in Singapore. Yesterday, the contract gained $1.63, or 2.6 percent, to settle at $65.08 a barrel, the highest since Nov. 5.

Oil is poised for the largest increase since March 1999, when Asia was recovering from the 1997-1998 financial crisis and fuel demand started rising in China and India. Oil gained 37 percent, according to Bloomberg data.


Cryptogon Reader Signs Up for Hosting with BlueHost

May 29th, 2009

Thanks to tochigi for signing up for hosting with BlueHost. Cryptogon received $90.


Economic Crisis Spurs Spike in ‘Suburban Survivalists’

May 28th, 2009

I thought that they were going to bring in the shrink to say how these “suburban survivalists” should be paying him $100 per hour instead of Rawles, but look what he said:

Art Markman, a cognitive psychologist, said he’s not surprised by the reaction of some to the nation’s financial woes, even though it may seem irrational. In an increasingly global and automated society, most people are dependent on strangers and systems they don’t understand — and the human brain isn’t programmed to work that way.

“We have no real causal understanding of the way our world works at all,” said Markman, a professor at the University of Texas. “When times are good, you trust that things are working, but when times are bad, you realize you don’t have a clue what you would do if the supermarket didn’t have goods on the shelves and that if the banks disappear, you have no idea where your money is.“

No idea where you money is? HAHA It’s much worse when you have no idea what your money is! Hint: U.S. Dollars are pieces of paper, or values in computer systems, that are backed by failing government bond auctions.

Via: Statesman:

Six months ago, Jim Wiseman didn’t even have a spare nutrition bar in his kitchen cabinet.

Now, the 54-year-old businessman and father of five has a backup generator, a water filter, a grain mill and a 4-foot-tall pile of emergency food tucked in his home in the San Diego suburb of La Jolla.

Wiseman isn’t alone. Emergency supply retailers and military surplus stores nationwide have seen business boom in the past few months as more Americans spooked by the economy rush to stock up on gear that was once the domain of hard-core survivalists.

These people snapping up everything from water purification tablets to thermal blankets shatter the survivalist stereotype: They are mostly urban professionals with mortgages, SUVs, solid jobs and a twinge of embarrassment about their newfound hobby.

From teachers to real estate agents, these budding emergency gurus say the dismal economy has made them prepare for financial collapse as if it were an oncoming Category 5 hurricane. They worry about rampant inflation, runs on banks, bare grocery shelves and power failures that could make taps run dry.

For Wiseman, a fire protection contractor, that’s meant spending about $20,000 since September on survival gear.

The surge in interest in emergency stockpiling has been a bonanza for camping supply companies and military surplus vendors, some of whom report sales spikes of up to 50 percent. These companies usually cater to people preparing for earthquakes or hurricanes, but informal customer surveys now indicate the bump is from first-time shoppers who cite financial, not natural, disaster.

Top sellers include 55-gallon containers, freeze-dried foods, water filters, purification tablets, glow sticks, lamp oil, thermal blankets, dust masks and first-aid kits.

Online interest in survivalism has increased too. The niche Web site SurvivalBlog.com has seen its page views triple in the past 14 months to nearly 137,000 unique visitors a week. Jim Rawles, a self-described survivalist who runs the site, calls the newcomers “11th-hour believers.” He charges $100 an hour for phone consulting on emergency preparedness and says that business also has tripled.

Joe Branin, owner of the online emergency supply store Living Fresh, said he’s seen a 700 percent increase in orders for water purification tablets in the past month and a similar increase in orders for sterile water pouches.

He is shipping meals ready to eat and food bars by the case nationwide.

“You’re hearing from the people you will always hear from, who will build their own bunkers and stuff,” he said. “But then you’re hearing from people who usually wouldn’t think about this, but now it’s in their heads: ‘What if something comes to the worst?’ ”

One Austin shop that specializes in the kinds of goods people stockpile says there has not been an increase in the survivalist business in this area.

“It’s no different than it’s ever been with me,” said Ed Hall, who owns Quonset Hut, a military surplus store north of the University of Texas.

“I do see people come in and ask for gun parts — there’s a spike in that, for sure,” said Hall, who sells magazines but not ammunition.

“As far as straight-up survivalists, I don’t think it’s changed any. People are always talking about wanting to have an emergency stand-by pack in case of storms, like the hurricanes down south, or essentials on hand if electricity goes out for days. But I don’t see too many people worried about the country collapsing. There was more concern around Y2K.”

Art Markman, a cognitive psychologist, said he’s not surprised by the reaction of some to the nation’s financial woes, even though it may seem irrational. In an increasingly global and automated society, most people are dependent on strangers and systems they don’t understand — and the human brain isn’t programmed to work that way.

“We have no real causal understanding of the way our world works at all,” said Markman, a professor at the University of Texas. “When times are good, you trust that things are working, but when times are bad, you realize you don’t have a clue what you would do if the supermarket didn’t have goods on the shelves and that if the banks disappear, you have no idea where your money is.”

Research Credit: ltcolonelnemo


GM Said to Plan for June 1 Bankruptcy, Sale of Assets

May 28th, 2009

Via: Bloomberg:

General Motors Corp., the world’s largest automaker until its 77-year reign ended in 2008, plans to file for bankruptcy protection on June 1 and sell most of its assets to a new company, people familiar with the matter said.

The U.S. Treasury will provide financing for GM while the asset sale is arranged to a company formed by the government, according to a regulatory filing today. June 1 was the deadline set by the U.S. for GM to restructure outside court.

GM, which would follow Chrysler LLC into bankruptcy, plans to build a new business around assets such as the Cadillac and Chevrolet brands. The 100-year-old automaker, a victim of tumbling sales, fell short in a bid to cut debt by $44 billion by June 1.

“By freeing GM of tens of billions of dollars in debt, bankruptcy will give it a new lease on life,” Lynn LoPucki, a law professor at the University of California, Los Angeles, said before the news of Detroit-based GM’s strategy.

The people familiar with GM’s plans didn’t specify where the automaker might make its Chapter 11 filing. They asked not to be identified because the details aren’t public.


Two U.S. Auto Parts Manufactures File for Bankruptcy

May 28th, 2009

Via: Reuters:

U.S. auto parts makers Visteon Corp and Metaldyne Corp filed for bankruptcy on Thursday, becoming the latest casualties of the global auto industry crisis and adding to the pressure on cash-strapped automakers.

Visteon, the former parts unit of Ford Motor Co , said the No. 2 U.S. automaker had made a commitment to support bankruptcy financing for its restructuring efforts to ensure continued supply of parts.

The filing comes at a time when Ford, the only U.S. automaker operating without emergency government loans, is struggling to survive the worst auto sales in nearly three decades which has sent Chrysler into bankruptcy and pushed General Motors Corp to the brink of failure.

GM had moved closer to filing the largest-ever bankruptcy for a U.S. industrial company, but GM and the U.S. Treasury had made a new offer for a crucial debt exchange that is backed by a committee for bondholders.

Ford, still Visteon’s biggest customer and which accounted for about 31 percent of its $1.35 billion of sales last quarter, did not detail the size of its bankruptcy financing for Visteon. Ford spun off Visteon in 2000.

“We have committed to support debtor-in-possession financing, but we anticipate others will also be involved,” Ford spokesman Todd Nissen said.

Kirk Ludtke, senior vice president at CRT Capital Group, said depending on the size, the bankruptcy financing may not have a significant impact on Ford’s liquidity.

“But Visteon is not the only troubled supplier. This could well start to add up,” Ludtke said.

Earlier this month, Ford assumed a $163 million secured revolving credit facility from Visteon’s lenders.

The health of the U.S. auto parts supply base has been a priority for Ford with Chrysler in bankruptcy and GM close to a government-imposed deadline of June 1 to restructure or follow Chrysler down that road.

“Ford’s top priority is to ensure we have sufficient parts and material to protect our production,” Ford global purchasing chief Tony Brown said in a statement.

“Ford has no intention of changing our fundamental business relationship with Visteon, including not buying back businesses or manufacturing operations,” Brown said, adding that Ford had not experienced any production issues as a result of Visteon’s business issues.

A disorderly failure of large suppliers would be costly to all major automakers manufacturing in North America, including Toyota Motor Corp and Honda Motor Co, due to the interlocking chain of the U.S. supply base.


Crude Rallies on Large Oil Inventory Decline

May 28th, 2009

Via: Reuters:

U.S. crude oil futures rallied toward $65 a barrel on Thursday after government data showed that domestic crude inventories dropped much more than expected last week as refineries ramped up operations and imports fell.

Data for gasoline, which showed a smaller-than-expected stock drawdown, and a lower-than-forecast supply increase for distillate stocks were deemed overall bullish by traders.

Prices were already above $64 on better-than-expected U.S. economic data and a decision by OPEC to keep output steady, as expected, betting on a strengthening world economy and tentative signs of increased demand to boost oil prices.

“The data for crude and gasoline are bullish, and with the smaller-than-forecast distillate stock build, the EIA numbers appear to me bullish across the board,” said Mark Waggoner, president, Excel Futures in Huntington Beach, California.


1 IN 8 U.S. HOMEOWNERS LATE PAYING OR IN FORECLOSURE

May 28th, 2009

Via: Reuters:

One of eight U.S. households with a mortgage ended the first quarter late on loan payments or in the foreclosure process in a crisis that will persist for at least another year until unemployment peaks, the Mortgage Bankers Association said on Thursday.

U.S. unemployment in April reached its highest rate in more than a quarter century and is still rising, helping propel mortgage delinquencies and foreclosures to record highs.

Such economic conditions drove up foreclosures of prime fixed-rate mortgages, which represented the largest share of new foreclosures for the first time since the rapid growth and the ensuing collapse of the subprime loan market.

“We clearly haven’t hit the top yet in terms of delinquencies or the bottom of the housing market,” Jay Brinkmann, the association’s chief economist, said in an interview.

Prime fixed-rate loans, made to borrowers with high credit quality, comprise 65 percent of the $9.9 trillion in outstanding first mortgages, according to the industry group.

“The housing market depends on the employment situation,” he said, “and we don’t expect unemployment to bottom out until the middle of next year, so then normally housing would not recover until after employment recovers.”

A record 12.07 percent of loans on one-to-four unit residences were at least one payment past due or in the foreclosure process in the first quarter, on a non-seasonally adjusted basis.

Foreclosure actions were started on an all-time high 1.37 percent of first mortgages in the quarter, a record increase from 1.08 percent the prior quarter.

The share of loans in the foreclosure process rose to a record 3.85 percent from 3.30 percent in the fourth quarter and 2.47 percent a year earlier.

California, Florida, Arizona and Nevada accounted for nearly half of the new foreclosure activity in the quarter and half of the increase in prime fixed-rate foreclosure starts.

Those severely hit states, the biggest winners in the five-year housing boom earlier this decade, continue to worsen as recession overtakes problems spawned by lax lending standards.

“Every job loss, every divorce, every incident like that is going to be turning into a foreclosure because they are so far under water with the homes already,” Brinkmann said.

When a house is “under water,” its price has fallen below the size of the mortgage.

Average U.S. home prices swooned more than 32 percent in March from the 2006 peak, according to Standard & Poor’s/Case-Shiller indexes.


How to Spend Like a Frugal Millionaire

May 28th, 2009

Becky and I have this down. I guess we’re Frugal Thousandaires. *snort*

I wonder, though, if being frugal can become somewhat… unhealthy? We spend freely on high quality food supplies and condiments, and high quality wooden toys for Owen. There’s no other choice but to use an expensive satellite Internet connection, and I flashblock and adblock browsing sessions to keep the bandwidth use to a minimum. But when it comes to other things, it’s almost ridiculous how little Becky and I buy. We’re the type of people who need to be punished for saving money.

Becky finds clothes at a free pile at one of our local co-cop owned shop. She makes skirts for herself. I wore my last pair of shoes for close to a year after they started leaking and letting in dirt and rocks through ruptures that had developed in the sides. Buying quality shoes in New Zealand can take your breath away when you look at the prices. Deals on good shoes are FAR more rare here than in the U.S. (I found a pair of these Vasque light hiking boots for NZ$150 at a clearance shop that’s nowhere near where we live. A once in a lifetime find at that price. I would have bought two pairs, but the shop didn’t have two pairs in my size. They’re outstanding; so comfortable. Made in China, though, of course.)

When I needed to buy a new computer, I sort of lived in denial of that situation for several months. I eventually pulled the trigger on a new machine because A) our income relies on me being able to use a computer and my old laptop was dying and B) Dell ran a sale on a very nice machine.

But what has happened when buying things like new shoes or a computer become Big Deal considerations? I wonder about the mental health aspects of frugality in part because I feel a little guilty for spending the money. I never felt that way before we decided to stop playing the game by the commonly used rule book. Maybe buying things eased the pain of having to show up to the grindhouse five days per week. But now that I don’t have the office pressure cooker to contend with, man, the calculus is very different. I think: Am I jeopardizing my family’s financial security by buying this ice cream bar? Probably not. Ok. I’ll buy it.

Or: Do I really, really need this? Maybe I should give this money away to someone else who is doing good work. I had some fun on Moon Meadow’s Amazon wishlist recently. 😉

Or: Maybe I should wait and buy this on sale. And then, once the thing is on sale, I talk myself out of buying it.

Anyway, what a weird ramble I’ve posted here… This topic always gets be going, though.

Via: U.S. News and World Report:

It’s the millionaires that you don’t see that you can learn from in times like these. I call them the frugal millionaires and interviewed 70 of them to uncover ways we can all be smarter with money.

Nearly 70 percent of the economy is based on consumer spending. To keep the economy going we need to keep spending but not waste money in the process. This is where the frugal millionaires come in. They’ve been smart with their money all along and haven’t lost it all and had to remake it. These are the kind of people you want to learn from when it comes to spending your money.

Spending philosophy.

Frugal millionaires are unique thinkers when it comes to spending money: 1) they can easily delay their need for gratification when purchasing; 2) they are resourceful in getting what they want by carefully timing their consumer purchases; 3) they make living below their means painless; 4) they don’t like wasting anything (especially money); 5) their sense of “self-entitlement” is highly minimized: and 6) spending is OK with them…depending on what they are buying (think: appreciating vs. depreciating assets).

Research Credit: ltcolonelnemo


Britain’s CCTV Network to Track All Vehicle Movement in National Database

May 28th, 2009

Via: BBC:

A national network of cameras and computers automatically logging car number plates will be in place within months, the BBC has learned.

Thousands of Automatic Number Plate Recognition cameras are already operating on Britain’s roads.

Police forces across England, Wales and Scotland will soon be able to share the information on one central computer.

Officers say it is a useful tool in fighting crime, but critics say the network is secretive and unregulated.

Kent’s Chief Constable, Michael Fuller, commented: “We’ve seen an increase of some 40% of arrests since we’ve been using this technology.

“I’m very confident that we’re using it properly and responsibly, and that innocent people have nothing to fear from the way we use it.”

A number of local councils are signing up their Closed Circuit Television (CCTV) systems to the ANPR network. As long as the cameras are technically good enough, they can be adapted to take the software.

In towns such as Bradford, Portsmouth and Luton that means greater coverage for the police and more journeys captured and recorded.

John Dean, who is co-ordinating the ANPR network for the Association of Chief Police Officers, said: “It’s the finest intelligence-led policing tool we’ve got.

“It covers so many different areas from crime reduction, crime detection to road safety and everything in between.”

Marked car

But not everyone thinks it is such a good thing.

John Catt found himself on the wrong side of the ANPR system. He regularly attends anti-war demonstrations outside a factory in Brighton, his home town.

It was at one of these protests that Sussex police put a “marker” on his car. That meant he was added to a “hotlist”.

This is a system meant for criminals but John Catt has not been convicted of anything and on a trip to London, the pensioner found himself pulled over by an anti-terror unit.

“I was threatened under the Terrorist Act. I had to answer every question they put to me, and if there were any questions I would refuse to answer, I would be arrested. I thought to myself, what kind of world are we living in?”

Sussex police would not talk about the case.

The police say they do not know how many cameras there are in total, and they say that for operational reasons they will not say where the fixed cameras are positioned.

‘Limited resources’

Information Commissioner Richard Thomas, whose job it is to protect personal data, has concerns about the lack of regulation.

He said: “There’s very little monitoring. I mean, my office has very limited powers.

“We have very limited resources. We are not actively monitoring that area. You’re right to ask the question. No one’s checking it at the moment”

The BBC TV series Who’s Watching You? asked the Home Secretary, Jacqui Smith, to comment on the Commissioner’s views.

“It’s something that we will look at further legislation about where necessary,” she said.

“I don’t think we should lose sight of the very considerable benefits that this technology also brings us, brings law enforcement.”

Recent research by Huddersfield University found that the public seemed to share that view. The study took place in Leeds as the ANPR system was being introduced. The vast majority supported the cameras if they caught law breakers, with only a few mentioning concerns about police surveillance.

The police themselves say they have nothing to hide and would welcome the introduction of a regulatory code. But that seems some way off – and for now this secretive system continues to watch us and continues to grow.


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