Links 10/30/14

Unexpected ways to wake up your brain BBC

Amelia Earhart Plane Fragment Identified Discovery (Robert M)

The Many Lives of Darth Vader Atlantic

Two genes linked with violent crime BBC (David L)

Assessing risks and impacts of pharmaceuticals in the environment on wildlife and ecosystems Royal Society (furzy mouse)

Will a Breakthrough Solar Technology See the Light of Day? MIT Technology Review (David L)

Japan’s timid coverage of Fukushima led this news anchor to revolt — and he’s not alone Public Radio International

Ebola

Signs of Ebola decline in Liberia offer ‘glimmer of hope’ UN (furzy mouse)

Why is Pentagon quarantining troops who had no contact with Ebola patients? (+video) Christian Science Monitor

Christie’s controversial Ebola quarantine now embraced by Nobel Prize-winning doctor New Jersey

How Nigeria shut down Ebola One

China has nipped Bitcoin in the bud South Business Spectator

Europe is drifting and divided. This feels more like 1914 than 2014 Guardian (furzy mouse)

Can Europe Keep the Lights On This Winter? Bloomberg

Nato jets intercept Russian warplanes Guardian

EU Projects Impact of Sanctions on Russian Economy Wall Street Journal

RUSSIA TAKES THE FAT OUT OF MCDONALDS, AS ANTI-AMERICAN RETALIATION ENDORSED BY HALF THE POPULATION John Helmer

Syraqistan

Netanyahu insists he is ‘under attack for defending Israel’ after remarks from US official Guardian

Report offers new detail on scope and scale of ISIS Mashable

Big Brother is Watching You Watch

How to leak sensitive data from an isolated computer (air-gap) to a near by mobile phone PhysOrg (Robert M)

How Smart, Connected Products Are Transforming Competition Harvard Business Review. I can see my future. I am so opposed to the Internet of Things that I will wind up hunting down stupid devices for the next 30 years on eBay.

FBI demands new powers to hack into computers and carry out surveillance Guardian

New amicus brief challenges Justice Dept. state secrets assertion in private defamation case Electronic Frontier Foundation

Economy Stokes Anger at Governors Wall Street Journal

Holder Says Bankers May Yet Face Prosecution for 2008 Bloomberg. Adrien: “Pathetic Holder a few days before the elections..”We have ongoing investigations that may perhaps produce individual prosecutions,’ Holder said.'”

Dead babies near oil drilling sites raise questions for researchers Denver Post (Glenn F)

Energy Boom Can Withstand Steeper Oil-Price Drop Wall Street Journal

Opec expects fall in US shale output Financial Times

As Infrastructure Crumbles, Trillions Of Gallons Of Water Lost NPR (David L)

Whither Markets?

Markets Clearly Surprised by Hawkish Fed OANDA

Fed’s Lack of Conviction Is Warranted Mohamed El-Erian, Bloomberg

Mortgage rates are headed to 5 percent. But don’t blame the Fed. Washington Post. Warning: the article is rambling, but some of the charts are interesting.

Reflections on the new ‘Secular Stagnation hypothesis’ Larry Summers, VoxEU. I wish this were a Halloween joke. It is painful reading Summers. He is explicit about his belief in the loanable funds fallacy. He admits to unsustainable finance being a problem but argues lower rates would have fixed it.

Class Warfare

Oxfam warns wealth gap is spiralling out of control Irish Examiner

Janet Yellen Mentions Inequality; Conservatives Scandalized New York. Points out what weak tea Yellen’s remarks were.

Antidote du jour:

water buffalo links

See yesterday’s Links and Antidote du Jour here.

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60 comments

  1. Robert Callaghan

    World energy demand is to increase 50% by mid-century when fossil fuels should decrease close to 80% in order stave off run-away climate heating. To increase green energy 40% by 2050, we would need 200% more copper with current ore concentrations running as low as 0.4%. We would need 150% more aluminum and 90% more iron at the same time it starts to cost too much money to send the trucks that far down into the pits. Are batteries not included in this study?
    http://arstechnica.com/science/2014/10/making-lots-of-renewable-energy-equipment-doesnt-boost-pollution/

    Ugo Bardi explains why mining ore grades below energy break even costs screws green energy up.
    http://www.amazon.ca/Extracted-Mineral-Wealth-Plundering-Planet/dp/1603585419

    We can’t have hi-tech green energy without producing thorium as a costly radioactive waste usually discharged into tailings (lake sized) ponds. China is planning to get carbon free energy from thorium to pay for the minerals we need to produce our information green energy dreams.
    https://www.google.ca/webhp?sourceid=chrome-instant&ion=1&espv=2&ie=UTF-8#q=china%20thorium%20plans

    China has produced over 6 gigatons of cement in the last 3 years.
    U.S. has produced over 4 gigatons of cement in the last 100 years.
    China’s banks have produced $15 trillion of debt in the last 5 years.
    U.S. commercial banks have produced $15 trillion of debt in the last 100 years.
    China plans to build 500 nuclear plants in 35 years.
    China and India are in a crash course program to produce thorium energy forever to sell us computers, solar panels and wind turbines which wear out in 25 years.
    http://www.youtube.com/watch?v=tyqYP6f66Mw

    1. rusti

      I’m not sure what you’re saying other than “despair”? There’s some mitigation possibilities in the recyclable nature of a lot of minerals, the insane percentage of energy that is wasted today that could be trimmed without too much consequence, the potential of demand response technologies, and the fact that renewables are gaining traction at mining sites over diesel.

      All the same the outlook is pretty bleak at this stage in the game which most people around here already accept.

      1. Banger

        I don’t think the outlook is bleak at all. I think under the current political system the outlook is bleak but if we harness the creativity and technology we do have for human rather than narrow aims I think the list of things he and others who post here are describing will not be a major issue. This is just Malthusianism warmed over and there are several people who post here who believe we are doomed and we must reduce the surplus population etc. Not sure where that is coming from but I do know that Malthusian ideas are fairly common among the elites–just sayin’.

        1. rusti

          I’m firmly of the belief that the technological barriers aren’t insurmountable to build extremely high penetration renewable energy systems even for transport which is what my day job involves in the automotive industry, but guessing how the process of uprooting the established world order will pan out is anyone’s guess. History doesn’t set a great precedent. I suspect you’re familiar with the Archdruid Report, which is linked here often.

          1. Banger

            Stranger things have happened to many people I’ve know and to me. If you want to limit your beliefs to a narrow band then you are perfectly suited swallowing the media narrative or any other narrow view.

          2. jgordon

            Societies collapse sometime after they over their ecological carrying capacity, and societal collapse has a way of reorganizing things very quickly.

            Addendum: humanity has never before shown the foresight to collapse their society in an intelligent and organized manner in order to soften the blow while readjusting to ecological reality. Instead, us huge-brained humans always walk zombie-like into abject horror. As we are doing again.

        2. James

          Funny, I never would have took you for a Secular Technologist Banger. And with a gratuitous Malthusian dismissive swipe worked in twice as well. Good work! I had a more elaborate rebuttal posted earlier, but wouldn’t you know it, the internet technology ate it. Imagine that!

  2. abynormal

    ive always been amazed at where a worn-out kid will fall asleep…

    “A characteristic of the normal child is he doesn’t act that way very often.”

    1. James

      The “liberal left” trifecta of Obama, the Clintons, and Warren have been anointed to carry water. I wouldn’t for a minute begin to think that silly things like facts about this, that, or the other are going to get in the way of that. Just sayin’. On the other hand, Harper’s does need to sell magazines.

  3. abynormal

    U.S. jobless claims (prior 284K), GDP (prior 3.0%), personal consumption, core PCE due later.

    “One day the last portrait of Rembrandt and the last bar of Mozart will have ceased to be — though possibly a colored canvas and a sheet of notes will remain — because the last eye and the last ear accessible to their message will have gone.”
    Spengler, The Decline of the West, Vol. 1: Form and Actuality

  4. dearieme

    “Christie’s controversial Ebola quarantine now embraced by Nobel Prize-winning doctor”: can anyone explain to me why the various levels of US govt are just making it up as they go along? Has there really been no planning for a viral pandemic? With nine months’ notice, has there been no planning specific to Ebola?

    Maybe Americans are unusually mistrustful of government because their governments are unusually incompetent?

    1. abynormal

      US Ebola plan pivots on Profits…acknowledging the bonfire of market liquidity, one gets the full frontal view :-/

    2. James Levy

      In America, “planning” is communist and EEE-VIL, experts not on corporate payrolls are not to be trusted or listened to, and ignorant politicians must be “free” to make shit up as they go along. Reality is what Dick Cheney says it is. Since no one can invade us the government simply decrees that whatever it wants to be is true, and with no consequences for ever being wrong why shouldn’t the Power Elite imagine that what it says is true is true. Of course, viruses don’t care about that (any more than hurricanes do), but those things only effect the “little people” (or so elites imagine) so why worry about that when there are so many hookers to screw, cocaine to snort, and money out there to grab?

    3. cwaltz

      Apparently the CDC was too busy directing and producing zombie apocalpyse movies to actually plan for a viral pandemic.

  5. Banger

    The issue of income inequality is not merely a problem of economics or greed but a reflection of a profound political change that has been going on for decades. As neoliberalism became intertwined with the imperial project USG led policies, followed by its satellites, has been to weaken sovereign states, disrupt traditional societies, and overthrow all political structures (governments, labor unions, social movements etc.) that threaten Imperial rule. Part of this project is to ensure that feudal structures replace the old nation-state. These barons and baronesses would have (unlike the semi-feudal systems we’ve seen akin to the Corleone family in the Godfather movies or the Sheik system in Sunni societies which were deeply grounded in traditions and tied to the people) no particular loyalty to the societies they came out of or earned their fortunes in but, rather, identify as an international elite loyal to the unofficial set of largely unwritten rules that actually govern the globe guaranteed by a system of coercive force centered in Washington and London.

    So, to be more blunt–income inequality is a necessary step to deconstruct a world order based on nation-states and replace it with a system of feudal lords even more varied than the old European feudal system. We’ll see if that trend continues–it might not–but that’s the “plan.”

    1. Jim

      It strikes me that the spread of globalized capitalism has lead to paradoxical combination of national fragmentation and a type of imperial consolidation.

      But what I am personally feel is most urgent in this present transitional period is the development of a type of political/cultural/economic vision needed to create a mobilization against the move toward a neo-Medieval future.

      I have found much compelling evidence(see, for example, writings of Lea Greenfeld Nationalism: Five Roads to Modernity, The Spirit of Capitalism and Mind, Modernity and Madness) to support the proposition that the emergence of nationalism in the early 16th century has profoundly influenced human consciousness.

      From my perspective Greenfeld is quite persuasive in showing empirically how nationalism (originating first In England and then spreading over a 500 year period) has contributed to a a dramatic transformation
      in our image of reality–of the way our lives are lived and felt.

      If her hypotheses are accurate than nationalism shows no signs of weakening in terms of its influence on human consciousness. In fact, our discussion here at NC, seems incapable thus far, of critically evaluating or even more optimistically, breaking with, a type of nationalist consciousness that is at the foundation, I believe, of such, calls for “reform” like MMT.

      I tend to think that economically our way out (in terms of mobilization) is a call for a type of left populism rather than the left paternalism of MMT, or the right paternalism of Big Capital. Such a call would recognize the deeply embedded individualism of American culture and take advantage of this cultural trait by arguing for a huge structural shift to wide-spread ownership of property–directly taking on Big Finance and Big Capital.

      The political message would center around a call for dramatic decentralization of political power in terms of attempting to create a type of real federal populism–directly taking on the centralizers of the traditional right and left.

      And culturally there should be an effort made to begin to at last seriously debate the issues of human culture–the nature of human consciousness–or how mind and brain function in order to begin to understand what might be involved in the development of a different cultural paradigm.

      1. Banger

        Every cultural situation changes the human brain because the brain is radically plastic in nature. It will adjust, turn on or off perceptions create various sorts of “reality” as needed. The situation today is, in my view, moving into a different space. Things like nationalism, as it was in past centuries, don’t have much meaning today. We live in an age of information and the brain is fighting back by attempting to limit information because we just aren’t able to process it all because we lack the intellectual framework to do that. Human culture has outgrown the ability of humans to comprehend it through traditional means of understanding. What I see is a culture of radical denial. While we play lip-service to rationality we are, in fact, moving rapidly in the opposite direction for better or worse. What follows is anyone’s guess but my own is a new sort of feudalism.

        1. Jim

          “Things like nationalism, as it was in the past centuries, don’t have much meaning today.”

          Banger you may be right but then again you might be wrong and I want to go into this issue more deeply in order to clarify things (even if just for my own thinking).

          Greenfeld defines English, French and US nationalism as a form of cultural consciousness which rests on the principles of equality of members in a community and popular sovereignty. These features seem to place the individual in charge of his destiny making each of us the ultimate authority in in deciding our place in life.

          Greenfeld also argues that it is impossible to fully grasp the dynamics of modern capitalism without understanding its cultural origins(which she finds in nationalism) that initiated an ethical system that transformed an erratic individual propensity into a social norm. It was not Protestantism (as Weber argued) that was the ethical system which supported capitalism but rather nationalism that was, and still is, the spirit of capitalism.

          Nationalism promoted the type of social structure which the modern economy needed to develop–a more open yet stratified class structure which allows for some social mobility.

          In addition nationalism implies international competition which makes such competition a measure of success in every sphere which a nation defines as significant–in other words economic growth is stimulated by nationalism.

          It just might be that one cannot talk about the possibility of sustainability without replacing nationalism as the major motivating push of modern capitalism–hence my argument for a true federalist political structure based on principles of subsidiarity along with a populist program of property ownership.

          It may be the case historically that the creation of a national consciousness and then a national identify (beginning in the late 16th century) redefined the nature of political reality offering a new image of a political order which has reached its culmination today in the linkage of Big Capital and Big State with Big Bank and Big corruption.

          .

      2. MyLessThanPrimeBeef

        One concern I have when we attempt to understand how the mind works is that when we, or rather when the deep states knows how it works, we, meaning us the little people, either won’t ever know it (because our minds will be manipulated to not know it) or will be separated from such knowledge, via erasure or suppression, unbeknownst to us.

        We will have elections, for another example, and we will be manipulated into voting our manipulators into office. I am sure this is in some sci fi already somewhere. It’s a little like the Truman Show, except the fake reality is not physical nor external, but inside our manipulated minds.

    2. James

      So, to be more blunt–income inequality is a necessary step to deconstruct a world order based on nation-states and replace it with a system of feudal lords even more varied than the old European feudal system. We’ll see if that trend continues–it might not–but that’s the “plan.”

      Might be, but said feudal order must also necessarily be more and more fully integrated, so I think you may want to rethink the “more varied” part. Remember, pretty much everything you ever needed to know about Capitalism you could learn from a couple rounds of the board game Monopoly or a few episodes of The Sopranos. It’s a winner take all game with secretive handshake deals rampant among all the playas’ along the way. The law is for suckas as a means of redress and a mighty stick to bludgeon the poor for those who own it, and nothing, nothing, but nothing can’t be undone with a little bit of timely and well-placed fire power for effect. As I gradually unlearn all the fraudulent “lessons” of my totally gratuitous MBA, these are the things that stick with me most.

  6. Yonatan

    NATO jets intercept Russian warplanes – flying in international airspace. These Russian really are aggressive aren’t they? Look at how they have moved their country right up to the borders of NATO territory.

    1. Manny Goldstein

      From Izvestia, the story reads:
      “Russian jets intercepted by NATO warplanes. NATO territory encroaching on Russian borders.”

      YMMV

    2. vlade

      Eh? Since when Estonian airspace, or Swedish airspace (both well documented recent examples of Russia’s planes “getting lost”) is international?
      The most of the recent incidents were in international airspace, but it’s common for non-commercial aircraft heading towards your airspace to be intercepted (especially when the flight turns off their transporders, which is what happend on Wednesday). Everyone, including Russia, does it (say there’s a recent incident where US spy plane was forced into Swedish airspace by Russian interception in international airspace).

      What has changed recently is that (say) UK scrambles Typhoons every couple of weeks instead of every couple of months. This frequency was common during cold war, especially cold war exercises. Do you really believe it’s a good thing? I’d note that I heard in Sweden, who long resisted going into NATO, result of this is that the popular support for formally joining NATO is going up (maybe Swedish Lex can comment?).

      1. fresno dan

        Uh, Vlade – I think Yonatan is being sarcastic – the tell is (Look at how they have moved their country right up to the borders of NATO territory)

      2. Banger

        These flights are just statements saying that the Russian military is prepared and supports the central authorities. This is the sort of thing that is understandable in the new Cold War situation that the U.S. started and its satellites started–or I should say, a faction within Washington started–I’m not sure most people in Washington (other than powerful contractors) or Europe were happy about this shift in policy.

    3. James

      The war drums of the spring and summer are still beating. US/Western interests obviously have a serious axe to grind here. Without even venturing a guess as to what it is, I can’t imagine this is going to end well for anyone.

  7. LaRuse

    Re: Amelia Earhart.

    Thank you for linking that. The evidence that she and Mr. Noonan landed on Nikkomoro had been growing for a very long time, so getting confirmation is good. It seems to me that an abrupt end in the Pacific would have been a cleaner way to go, but at least we have something like closure on her story. I look forward to hearing what TIGHAR finds when they go back next summer.

    1. Sammie Sawee

      They have been peddling this story for years now.

      If they really think her plane is at the bottom of the ocean there, why don’t they borrow Titanic guy’s undersea robot and check it out??

    2. Jason Ipswitch

      Amelia Earhart’s life and final flight make for a compelling story. Sadly TIGHAR seems to be basically a fraud (unintentional or not). They have something of a bad reputation among the historical aircraft recovery and restoration community, have accomplished basically nothing, and use exceedingly poor methodology. The problems with TIGHAR are summed up in this takedown from skeptoid:

      “Here’s the problem with TIGHAR’s findings. Even though they meticulously document and preserve every artifact, they exhaustively research each one to find matches with real objects from the 1930s, and they look exactly like what such an expedition should look like, their overall methodology is fundamentally, fatally unscientific. It’s unscientific in that it’s done completely backwards. TIGHAR begins with the assumption that Amelia Earhart crashed, camped out, and died on Nikumaroro. They take everything they find — every anomaly in a photograph or in a story, every piece of bone or manmade artifact found on the island — and try to match it to their assumption, rather than trying to objectively assess its origin.

      Nikumaroro, this tiny island where TIGHAR has recovered its artifacts, is in Kiribati, a nation of 100,000 people spread over millions of square kilometers of the South Pacific. People leaving artifacts come and go all the time.”

      It makes me sad to see how every year or so (in time for a new round of fundraising), TIGHAR has “Found Earharts’ plane!” again and again and again.

  8. Optimader

    Re: Holder

    Some hardhitting investigative reporting, the take away quote for me: “…the 63-year-old would like Denzel Washington to play him in a film.”
    The opening scene: Denzel Washington behind the controls of the DOJ on final, flying it upside down while drunk, bringing it in for a successful controlled crash landing… Oh wait.

    When do the statute of limitations run the clock out for most of the more egregious events?

      1. Optimader

        Hi Susan
        They are birds of a feather, but Holder is a sworn in office holder (no pun intender) consequently he is every bit subject to the responsibilities his office, and indeed he is supposed to be independent of the Executive. He should be doing the right thing or be fired or resign under duress. Holder is a POS IMO.

  9. fresno dan

    Holder Says Bankers May Yet Face Prosecution for 2008 Bloomberg. Adrien: “Pathetic Holder a few days before the elections..”We have ongoing investigations that may perhaps produce individual prosecutions,’ Holder said.’”

    Lucy….football…..Charlie Brown

  10. Garrett Pace

    Internet of Things

    “In many companies, smart, connected products will force the fundamental question, “What business am I in?”

    The answer is easy and obvious – the business of mining for information and exploiting it to harvest consumers for all they can get.

  11. Banger

    Real reporting by the mainstream media on foreign affairs is, basically, non-existent. Mainly hacks regurgitate what various U.S. officials tell them and get on the phone with political handlers (editors) to tell them what slant to take in their stories. The most obvious and laughable stories, of course, came this year in the mainstream’s reporting on Ukraine. But it’s reporting on the ISIL/ISIS situation in the region has been even more deplorable though, thanks to Biden and a few others who accidentally (on purpose) let out little bits of truth about the role of the Turks and the Gulf monarchies we may get a glimpse of something after all.

    But we should forget the mainstream and just read Patrick Cockburn who is now THE source of real reporting (in English) on the situation in that region. A prime example is his masterful piece in Counterpunch and the LRB (whatever happened to the NYRB?).

    1. William C

      I met a man who had come back from the Middle East a few weeks ago. He said it is open knowledge there that Saudi is behind the IS. He said the King has even gone on the TV to say he backs the establishment of a Caliphate. My contact said he could not understand why Western media have not reported what is really going on.

      It gave me food for thought, though of course my contact could have been mistaken (or lying).

      1. Banger

        Well, the mystery of the Saudi Kingdom is interesting indeed. The Saud family has been intertwined with British and later U.S. intel since WWI. In fact, these forces are inseparable. That’s why Prince Bandar is called “Bandar Bush” because his fate and the first family of the CIA, the Bush family, are intertwined. The CIA and its now many affiliates runs Washington and London in concert with other major interest groups we all know and love and may, I’m hoping, be in decline.

        This current situation with ISIS is a direct result of a Saudi/Turkish alliance to jointly rule the Sunni part of the ME. Saddam, Qaddafi and Assad were in the way and had to be eliminated–the failure of that project showed me that there are real problems with these current arrangements because they underestimated Assad and, like the Israelis, Hezzbollah which made a decisive difference in Assad’s fortunes. The great gas crisis of 2013 which attempted to bring the U.S. into this war via a couple of false-flag events failed dramatically when parts of the military and perhaps the CIA itself obstructed the proposed massive bombing of Syrian positions–I’m sure the story there is worthy of the best sort of spy novel. The point is that the world is not arranged in the manner the mainstream media asserts. It’s much more complicated as is the Nation’s Capital now filled with schemers, hustlers, con artists, fixers, bag men, all playing a multi-national game of steering U.S. policy first one way then another.

        In this mix, I suspect, the neocon/humanitarian interventionists have gotten trounced by what I call the “realist” coalition–first, by stopping an attempted war in Iran, then by stopping the war in Syria, then by defusing the situation in Ukraine, then most recently, by finally slapping the face of the Turks and Saudis by helping to put a stop to ISIS advances in the northeast of Syria and giving hope to the Kurds to have a virtual state bridging from Turkey to Iraq. To me it seems clear that something significant has changed in Washington that may change again but for now things are looking a bit more positive.

        1. James

          In this mix, I suspect, the neocon/humanitarian interventionists have gotten trounced by what I call the “realist” coalition–first, by stopping an attempted war in Iran, then by stopping the war in Syria, then by defusing the situation in Ukraine, then most recently, by finally slapping the face of the Turks and Saudis by helping to put a stop to ISIS advances in the northeast of Syria and giving hope to the Kurds to have a virtual state bridging from Turkey to Iraq. To me it seems clear that something significant has changed in Washington that may change again but for now things are looking a bit more positive.

          Not so sure. I think Ukraine has been less “defused,” than put on the back-burner, after what in any normal administration would have been considered a humiliating defeat. And ISIS? That’s a hall of mirrors. Not sure anyone inside or outside of official circles knows what’s going on there in the least, which is what I suspect it was designed to be from the start. Words of the day? Dissension and chaos. When a formerly great power with more than ample firepower runs out of answers and doesn’t know what to do next, what does it do? It promotes the former and employs the latter in response. We’re closer than you think.

      2. Sammie Sawee

        VP Biden make a remark a few weeks ago about Saudi funding ISIS:
        http://www.washingtonpost.com/blogs/worldviews/wp/2014/10/06/behind-bidens-gaffe-some-legitimate-concerns-about-americas-middle-east-allies/
        It was immediately labled a “gaffe” and Biden apologized.

        It sucks when the VP has to apologize for speaking the truth, but can go on and on about a mythical terror group called the Korasan who have an imminent project underway to destroy the United States…

    2. James Levy

      The NYRB is what happens when part of the educated class gets real money. Its play it safe all the way down the line at the NYRB. Jeff Madrick to his credit tries to add a little economic frisson to the mix, but even he is critical of abuses, not the system per se. And their stable of authors is old. A whole slew of Emeritus this and Distinguished Professor of that–not exactly men (with a few women sprinkled in to talk about “culture”) primed for the barricades. To put it crudely, it’s a periodical by and for aging Jewish and WASP academics and culture-vultures who came of age between 1955 and 1970. Better to think about Hayden and Vermeer and buy into the latest black hat/white hat line than wallow in too much reality–puts one off one’s brioche and Peaberry.

    3. Janie

      I miss Robert Scheer in the LA Times. When he was dismissed ten years ago and replaced by Krautheimer is when I ditched ’em.

  12. rich

    90 Pounds of Cocaine Found on Cargo Ship Owned by Senate Majority Leader Mitch McConnell’s Father-in-Law

    Though Foremost has played a pivotal role in McConnell’s life, bestowing the senator with most of his personal wealth and generating thousands in donations to his campaign committees, the drug bust went unnoticed in Kentucky, where every bit of McConnell-related news has generated fodder for the campaign trail. That’s because, like many international shipping companies, Chao’s firm is shrouded from public view, concealing its identity and limiting its legal liability through an array of tax shelters and foreign registrations. Registered through a limited liability company in the Marshall Islands, the Ping May flies the Liberian flag.

    From the Nation article: Mitch McConnell’s Freighted Ties to a Shadowy Shipping Company

    Well this is interesting. Particularly with the Senate Majority Leader (and major Republican establishment crony) fighting for his life in the Kentucky Senate race.
    http://libertyblitzkrieg.com/2014/10/30/90-pounds-of-cocaine-found-on-cargo-ship-owned-by-senate-majority-leader-mitch-mcconnells-father-in-law/

    how about those Liberian tax structures? wasn’t his wife labor secretary…hmmm

    1. susan the other

      So how old does that make Mitch’s father-in-law, 120? Mitch is a dreadful old coot already.

    2. MyLessThanPrimeBeef

      It’s not that bad if you make a career change to run a shadowy shipping company of Liberian-flagged ships, instead of being a senator.

    3. James

      Hell, I’d actually respect McConnell more if he and his were into drug running. 90 lbs? That’s kid’s stuff.

  13. JTFaraday

    re: “Will a Breakthrough Solar Technology See the Light of Day?” MIT Technology Review

    Is there a roadmap for this? All I see these days are weeds.

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