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U.S. missiles hit Pak Talibs, 12 dead
Today's Headlines
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Africa Horn
South Korea to combat Somali piracy-report
(SomaliNet) A report said on Thursday that South Korea plans to send a destroyer to the lawless waters off Somalia, where several of its merchant ships have been hijacked by pirates. Yonhap news agency quoted an unnamed senior official as saying the government would seek parliamentary approval for the deployment during its current session, which ends on December 8.

"The South Korean warship, if dispatched, will co-operate with the US 5th Fleet in Oman and the French navy in Djibouti," the official was quoted as saying. The official said the ship would be loaded with missiles and other weaponry and accompanied by Navy special forces in case of an emergency situation.

However, the defence ministry declined to confirm the report saying consultations were still under way with other government agencies.

A governmental team reviewed the situation off Somalia after pirates seized a South Korean cargo ship and 22 sailors on September 10. The sailors were released in October after the ship's owner paid a ransom.

A South Korean tuna ship with 25 crew on board was hijacked by Somali pirates in April 2006. The ship and its crew were released after four months following the payment of a ransom. In 2007 Somali pirates seized two South Korean vessels and 24 crew including four South Koreans. The crew were released in November after six months in captivity. Local media reports said the pirates had demanded a ransom of five million dollars before reducing the sum to an undisclosed figure.
Posted by: Steve White || 11/14/2008 00:00 || Comments || Link || [3 views] Top|| File under:


Africa Subsaharan
Congo refugees 'have to be moved'
Thousands of refugees at a camp in eastern Democratic Republic of Congo must be moved before they are caught up in fighting, aid officials have warned. More than 60,000 displaced people are at the Kibati camp, close to the front line separating government troops and rebels loyal to General Laurent Nkunda. They are among 250,000 who have fled the violence which flared in August.

Fighting has stopped aid from reaching Kibati and forced many there to flee south to the provincial capital, Goma. "We noticed these people might be in serious danger and the humanitarian community decided we should move them from there... as soon as possible," Ibrahima Coly, the head of the UN refugee agency in the North Kivu region, told the Reuters news agency.

Aid agencies would transport those who agreed to a safer camp west of Goma, hopefully starting in a week's time, he said.

On Wednesday, the head of the UN mission in DR Congo, Monuc, appealed for 3,000 extra troops, saying he did not have enough to protect civilians.
What? Not enough mighty Uruguayans?
Gen Nkunda's rebels - who are demanding protection from Rwandan Hutu rebels who fled to DR Congo after Rwanda's 1994 genocide - have told the AFP news agency they have advanced to the outskirts of Kanyabayonga, a strategic town 100 km (60 miles) north of Goma.

Government forces were accused of looting and raping civilians there earlier in the week. The UN has accused both sides of war crimes during the latest upsurge in violence.

Meanwhile, there is increasing evidence that foreign forces are being drawn into the conflict. Eyewitnesses have told the BBC that Angolan and Zimbabwean troops are on the ground, and journalists are reporting that some of the rebel fighters are in the pay of the Rwandan army. This has renewed fears that the fighting will see a re-run of the five-year Congolese war, the largest on the continent in recent times.

During the war, which erupted in August 1998, Congolese government forces supported by troops from Angola, Zimbabwe and Namibia were fighting rebels backed by Uganda, Rwanda and Burundi. Forces from Chad and the Central African Republic were also involved.

A Goma resident told the BBC that Angolan soldiers had been supporting Congolese government forces. "We are seeing soldiers wearing Congolese army uniform here in town but they are not speaking the same language like us," he said. "They are patrolling but unable to communicate with the population. These are speaking Portuguese," he added.

Experts say this evidence is not conclusive, since some Congolese troops fought in Angola during their civil war and frequently converse in Portuguese. Angola denies sending troops into DR Congo.

Earlier, a recent Zimbabwean army deserter told the BBC he had been part of a force that remained in DR Congo after the end of the last war in 2003. "There are about 250 soldiers who were left behind without knowledge of other countries," he said. He said he had been on duty in Goma and the mining centre Lubumbashi, and soldiers were rotated about every six months.

Meanwhile, Britain's Financial Times newspaper said soldiers from the Rwandan army had been fighting alongside Gen Nkunda. Their reporter in eastern DR Congo interviewed former rebels and observers who said some soldiers were continuing to receive their Rwandan salaries while fighting with the general.

Earlier this week a Rwandan presidential aide said it was possible demobilised Rwandan troops were involved. However, Kigali has repeatedly denied sending forces into DR Congo. BBC Africa analyst Martin Plaut says similar statements were made during the early stages of the last war - and no-one doubts that foreign troops played a key role in that conflict.
Posted by: Steve White || 11/14/2008 00:00 || Comments || Link || [2 views] Top|| File under:


Rebels Press Young Men to Join Fight in Congo
In the past few days, a new category of displaced people has begun arriving at this muddy, sprawling camp in the green hills of eastern Congo: young men who say they are running from rebels who bang down their doors at night and force them to join their cause...
Today's dose of Subsaharan Africa atrocities. Please don't eat the pygmies.
Posted by: Fred || 11/14/2008 00:00 || Comments || Link || [1 views] Top|| File under:


Caucasus/Russia/Central Asia
Conspiracy! It took a ranking officer with special codes to release freon on Nerpa!
Even a confession! - see link
Posted by: 3dc || 11/14/2008 15:03 || Comments || Link || [6 views] Top|| File under:

#1  The last time they had an accident like that, an electrical box had been miswired.
Posted by: Anonymoose || 11/14/2008 21:57 Comments || Top||


Europe
German kids destroy anti-Nazi exhibit
Roughly 1,000 pupils and left-wing activists who unlawfully occupied Humboldt University (HU) and some of whom destroyed an anti-Nazi exhibition on Wednesday were reacting to the university's close ties to Israel, the university president has said.

Christoph Markschies told The Jerusalem Post that one of the protesters in the lobby of the university said "Damn Israel" when asked by another student to "stop" vandalizing the exhibit "Betrayed and Sold," about the plundering of Jewish businesses under the Nazis.
Tell me again about the difference between national socialism and transnational positivism.
I don't have a micrometer fine enough to measure the difference ...
Posted by: g(r)omgoru || 11/14/2008 01:02 || Comments || Link || [3 views] Top|| File under:

#1  Tuesday was the 70th anniversary of Kristallnacht. I think vandalizing the anti-Nazi exhibit is exactly how such people ought to properly recall that day.
Posted by: trailing wife || 11/14/2008 6:22 Comments || Top||

#2  Tell me again about the difference between national socialism and transnational positivism.

No difference at all. Essentially the same, tsunamic.
Posted by: Besoeker || 11/14/2008 7:29 Comments || Top||

#3  Same thing, different label.
Posted by: DarthVader || 11/14/2008 9:29 Comments || Top||

#4  Transnational progressivism I understand. What is transnational positivism?
Posted by: KBK || 11/14/2008 10:05 Comments || Top||

#5  #4 Transnational progressivism I understand. What is transnational positivism?

"Change you can believe in."
Posted by: Besoeker || 11/14/2008 10:14 Comments || Top||

#6  Roughly 1,000 pupils and left-wing activists...

But...but...but...fascism is a right wing deal! Gotta rebuild all those story templates now.
Posted by: swksvolFF || 11/14/2008 11:08 Comments || Top||

#7  The difference between National Socialism and transnational Progressivenism has more to do with fashion and grooming than ideology.
Posted by: Thor Angolusing4792 || 11/14/2008 13:41 Comments || Top||

#8  Tell me again about the difference between national socialism and transnational positivism.

Both are racist ideology, but with a different racial hierarchy.
Posted by: anonymous5089 || 11/14/2008 13:48 Comments || Top||


Europeans Foresee Their Own Obama Emerging One Day
WaPo puff piece on B.O.
A black child, raised in a modest apartment by a single mother and a nurturing grandmother, becomes a wealthy lawyer who launches a landmark political campaign...
You can prob'ly guess the rest.
Posted by: Fred || 11/14/2008 00:00 || Comments || Link || [4 views] Top|| File under:

#1  Perhaps the Europeans might want to wait and see how our version of this grand experiment turns out....
Posted by: Rivrdog || 11/14/2008 0:49 Comments || Top||

#2  Hell why wait, take our big zero, we'll give him to you for free.
Posted by: Jan || 11/14/2008 1:12 Comments || Top||

#3  On the other hand, why be so pessimistic? Maybe Europe will just be conquered by Russia?
Posted by: g(r)omgoru || 11/14/2008 1:26 Comments || Top||

#4  It'll be a race between muslim majority Russia circa 2040 and the Europe's immigrant muslims.
Posted by: ed || 11/14/2008 1:44 Comments || Top||

#5  It'll be a race between muslim majority Russia circa 2040

Give me some credit
Posted by: Vladimir I || 11/14/2008 1:48 Comments || Top||

#6  Run out of foreign exchange so soon?
Posted by: ed || 11/14/2008 1:50 Comments || Top||

#7  Jan -- #2 Hell why wait, take our big zero, we'll give him to you for free.

Early out of the gate -- the best snark on this subject -- and maybe for the day!
Posted by: Sherry || 11/14/2008 1:58 Comments || Top||

#8  Yea, blew it all on your elections.
Posted by: Vladimir I || 11/14/2008 1:59 Comments || Top||

#9  Judging people by the content of their character not the colour of their skin also seems to have gone under the back of the bus...
Posted by: Bright Pebbles || 11/14/2008 2:46 Comments || Top||

#10  It is claimed Europeans foresee many wonderful things. And it must be admitted that the probability of this one is slightly north of zero, although I'm sure the Rantburg statisticians could better calculate how many zeros there are to the right of the decimal in that number.
Posted by: trailing wife || 11/14/2008 5:15 Comments || Top||

#11  Having Zero eelcted was like opening the floodgates of multiculturalfantasies from the Enlightened Elites... hence the "european obama" thingie; on a more sinister and less silly side, this also has notched up the demands of the "minorities", who now can use the US example to ask for mo'.
Posted by: anonymous5089 || 11/14/2008 5:51 Comments || Top||

#12  I thought they aleady had their stint with Facism and experience with Stalin....

Posted by: CrazyFool || 11/14/2008 6:25 Comments || Top||

#13  I am actually quite surprised at the Europeans. They keep telling us how cutting-edge and avant-garde they are, but this is just so .. 1930'ish. They've been there, done that. Worked out so well, too...

Maybe they should consider how many long years it took them to clear the rubble from their last vote for CHANGE?
Posted by: Lemuel Flutch6192 || 11/14/2008 6:51 Comments || Top||

#14  They've been there, done that. Worked out so well, too...

THE AMERICAN ROOTS OF FASCISM
Posted by: anonymous5089 || 11/14/2008 6:58 Comments || Top||

#15  You've missed him. He died in the Führerbunker.
Posted by: Besoeker || 11/14/2008 7:02 Comments || Top||

#16  They'll feel this way until he chooses not to follow their sage advice on something. Then they'll turn vicious. I give it a year, optimistically.
Posted by: Cornsilk Blondie || 11/14/2008 8:46 Comments || Top||

#17  There are a number of black Muslims so the article might be right.
Posted by: rjschwarz || 11/14/2008 11:13 Comments || Top||

#18  Lawrence Auster has an entry on this (to the right of RB).
Posted by: anonymous5089 || 11/14/2008 12:19 Comments || Top||

#19  A story like this just HAS to begin: " It was a dark and stormy night....."

Black kid in da 'hood jus don' have enuff pizazz, ima thinking.
Posted by: USN, Ret. || 11/14/2008 14:19 Comments || Top||

#20  On the other hand, why be so pessimistic? Maybe Europe will just be conquered by Russia?

That would mostly be an improvement, particularly on the western and southern fringes.
Posted by: AzCat || 11/14/2008 15:37 Comments || Top||

#21  Yeah there you go, he's even ready to go no waiting!
Get this story, as a youngster his mom had to go work in a factory when his dad was forced into the military. Born in a city destroyed in WWII and no longer exists, he is the only survivor of three sons and with a little luck he made it into and graduated international law school. Likes to fish.

Sounds like a gem to me!
Posted by: swksvolFF || 11/14/2008 15:51 Comments || Top||


India-Pakistan
Pakistan offers to sell Kuwait Al-Khalid tanks
Pakistan has offered to sell its indigenously built Al-Khalid battle tanks to Kuwait to bolster the sovereign Arab emirate's defence, Foreign Minister Shah Mehmood Qureshi said on Wednesday.
Would you buy tanks from a country whose army has never won a war?
Addressing a press briefing following meetings between President Asif Ali Zardari and world leaders on the sidelines of a United Nations meeting on interfaith dialogue, the foreign minister said President Zardari had invited Kuwait to attend the International Defence Exhibition and Seminar, IDEAS-2008, in November, at a meeting with its ruler -- Sheikh Sabah Al-Ahmad Al-Jaber Al-Sabah. Zardari said the two countries had a range political, economic and defence ties, but stressed that relations needed to be strengthened further.

Qureshi said the president had also invited the Kuwaiti ruler to visit Pakistan -- and the offer was accepted.

The minister said Pakistan offered the Al-Khalid tanks to Kuwait describing them as an "attractive purchase because of their price and quality". The tank weighs of 46 tonnes and carries three troops. Fitted with a 1,200-horsepower, water-cooled diesel engine and a maximum speed of 70 kilometres per hour, it has a 125-millimetre, smooth bore main gun, a 7.62-millimetre, co-axial machinegun and a 12.7-millimetre, remote-firing anti-aircraft gun. The power-to-weight ratio is 26 horsepower per tonne.

The president also sought Kuwaiti investment in developing Pakistan's energy sector, particularly for the Bhasha Dam project, Qureshi said, adding that he would soon visit Kuwait to brief the Kuwaiti authorities on the project.

The minister also told the media about Zardari's meeting with Philippines President Gloria Arroyo, where both leaders vowed to assist each other at multilateral forums. The president sought Philippines' support in getting Pakistan the status of a dialogue partner at ASEAN, while Philippines asked for Pakistan's support in getting an observer's status at the Organisation of the Islamic Conference.
Posted by: Fred || 11/14/2008 00:00 || Comments || Link || [6 views] Top|| File under: Govt of Pakistan


Zaradri urges interfaith harmony and understanding
President Asif Ali Zardari told the conference on interfaith and cultural harmony at the United Nations on Thursday that Pakistan rejects those who are sowing hatred in the world and dividing religion against religion and nation against nation, something that negates the legacy of the patriarch Abraham.
Right. Interfaith harmony. Understanding. In Pakistain.
Posted by: Fred || 11/14/2008 00:00 || Comments || Link || [4 views] Top|| File under: Govt of Pakistan


Science & Technology
ASDS Fire - destroys Advanced SEAL Delivery System mini-sub
The one and only Advanced SEAL Delivery System mini-sub caught fire the other day.
Read link for details
Posted by: 3dc || 11/14/2008 15:09 || Comments || Link || [0 views] Top|| File under:

#1  Looks like someone misses the COLD WAR, US-SOVIET DETENTE, MUTUAL COEXISTENCE, + BIPOLAR MICROMANAGEMENT/TOTALITARIANISM, ETC. TOO MUCH!?

D *** NG IT, MORIARITY, SINCE RUSSIA'S "NERPA" SUB HAD A FIRE, ITS ONLY ETHICAL/FAIR FOR THE USN TO HAVE A SUB FIRE ALL ITS OWN!
Posted by: JosephMendiola || 11/14/2008 17:54 Comments || Top||


Syria-Lebanon-Iran
Iran accuses Israel of abusing U.N. interfaith meeting
Iran's U.N. envoy on Thursday accused Israel of abusing a Saudi-sponsored U.N. interfaith conference for political purposes and suggested the Jewish state had no right to take part.

Speaking on the second day of the meeting, which earlier heard U.S. President George W. Bush call for worldwide religious freedom, Iranian Ambassador Mohammad Khazaee did not name Israel, but left no doubt what country he had in mind. "The representative of a regime (whose) short history is marked with ... aggression, occupation, assassination, state terrorism and torture against the Palestinian people, under the pretext of a false interpretation of a divine religion, has tried to abuse this meeting for its narrow political purposes," he said.

Khazaee was referring to Israeli President Shimon Peres, who took the rare opportunity of being in the same room as Saudi King Abdullah on Wednesday to praise a Saudi peace initiative that he said brought hope to the Middle East.

"The participation of such a regime not only has no benefit to our common purpose, but, as proved in this very meeting, will give them a chance to try to disrupt the current process to divert our attention from our mandate" to improve dialogue between different religions, Khazaee said.

Iran believes the Jewish state has no right to exist and opposes peace talks. Israel considers Iran a threat to its existence and, along with the United States and other countries, accuses it of developing nuclear weapons. Tehran denies the charge.

Khazaee's speech stood out at the two-day meeting of the U.N. General Assembly, convened at the request of the Saudi monarch, not only because of its accusatory language, but because it failed to praise Abdullah.

Saudi Foreign Minister Prince Saud al-Faisal reacted coolly to Peres' remarks. "The disappointing side of President Peres' comment is that he chose parts of the Arab peace plan and left other parts untouched," he told reporters.

Earlier Bush, in what was almost certainly his last U.N. address, proclaimed religious freedom as the foundation of a healthy society and defended the U.S. record in protecting Muslims caught up in foreign conflicts.

RELIGIOUS FREEDOM

The U.N. meeting, attended by leaders and diplomats from some 75 countries, was opened by King Abdullah, who on Wednesday denounced terrorism as the enemy of all religions.

In a closing statement, participants "affirmed their rejection of the use of religion to justify the killing of innocent people and actions of terrorism, violence and coercion." U.N. Secretary-General Ban Ki-moon told a news conference that was "a strong message to the world."

Bush, a Methodist who said faith sustained him through his presidency, which ends in January, praised Abdullah for initiating the meeting but also implicitly criticized countries that restrict religious practice. Saudi Arabia forbids public non-Muslim worship.

Noting that the United States had been founded by people fleeing religious persecution, Bush said that "Freedom is God's gift to every man, woman, and child -- and that freedom includes the right of all people to worship as they see fit."

He was speaking a short way from the site of New York's former World Trade Centre, destroyed in 2001 by planes piloted by Islamist al Qaeda militants. Some Muslim critics have called his subsequent "war on terror" a crusade against Islam.

"Our nation has helped defend the religious liberty of others, from liberating the (World War Two) concentration camps of Europe to protecting Muslims in places like Kosovo, Afghanistan and Iraq," Bush said.

"Religious freedom is the foundation of a healthy and hopeful society. We're not afraid to stand with religious dissidents and believers who practice their faith even where it is unwelcome."

Posted by: Fred || 11/14/2008 00:00 || Comments || Link || [5 views] Top|| File under: Govt of Iran


Home Front Economy
Rudd meets world leaders ahead of G20 summit
Posted by: Oztralian || 11/14/2008 20:38 || Comments || Link || [2 views] Top|| File under:


Saving car giants will cause havoc, Gordon Brown warns US
Posted by: tipper || 11/14/2008 18:26 || Comments || Link || [2 views] Top|| File under:

#1  A stopped clock... twice a day -- y'all know the drill.
Posted by: trailing wife || 11/14/2008 19:15 Comments || Top||


Chances Dwindle on Bailout Plan for Automakers
WASHINGTON -- The prospects of a government rescue for the foundering American automakers dwindled Thursday as Democratic Congressional leaders conceded that they would face potentially insurmountable Republican opposition during a lame-duck session next week.

At the same time, hope among many Democrats on Capitol Hill for an aggressive economic stimulus measure all but evaporated. Democratic leaders have been calling for a package that would include help for the auto companies as well as new spending on public works projects, an extension of jobless benefits, increased food stamps and aid to states for rising Medicaid expenses.

But while Democrats said the stimulus measure would wait until President-elect Barack Obama takes office in January, some industry experts fear that one of the Big Three automakers will collapse before then, with potentially devastating consequences.
Continued on Page 49
Posted by: GolfBravoUSMC || 11/14/2008 11:26 || Comments || Link || [1 views] Top|| File under:

#1  There is no reason that taxpayers should fund the compensation schemes, management or labor, the auto companies crafted for themselves. If they cut their comp then they could get private capital.
Posted by: DoDo || 11/14/2008 12:28 Comments || Top||

#2  If Bush had put his foot down on defending a real free-market capitalism, instead of going along to get along with Dems. and Rinos, 8 years ago we wouldn't be in this mess now. Or it would at least be the fault of the people that caused it.
Posted by: AlanC || 11/14/2008 12:41 Comments || Top||

#3  If we bail out GM, it'll end up as British Leyland without the cute-but-unreliable two-seaters.
Posted by: Mike || 11/14/2008 13:16 Comments || Top||

#4  Interesting to think that Obama might push through an open Union ballot scheme just in time to see the biggest unions sink with the auto industry they helped undercut.
Posted by: rjschwarz || 11/14/2008 13:43 Comments || Top||

#5  It appears the taxpayers will wind up funding the pension schemes of the Big 3, one way or the other.
One or more of them could go down abruptly. Their suppliers are getting nervous & insisting on earlier payment for their deliveries. When enough auto parts suppliers insist on COD, that automaker will stop operations then & there. This could happen at any moment.
Posted by: Anguper Hupomosing9418 || 11/14/2008 14:29 Comments || Top||

#6  It is NOT the automakers who are being bailed out. It is the UAW.
Posted by: Nimble Spemble || 11/14/2008 14:32 Comments || Top||

#7  Car sales are in steep decline everywhere. European car sales fell 15% last month.

A major restructuring of the car industry everywhere is long overdue. Unfortunately, the outcome will be cars made in China and India.
Posted by: phil_b || 11/14/2008 17:52 Comments || Top||

#8  Car sales are in steep decline everywhere.

That sounds like oversupply to me. Let Chrysler, especially, die a slow, painful, agonizing death with maggots crawling over their remains and vultures plucking out what little carrion is left over. Fucking contemptible cocksucker assholes. Mind if I piss on your grave for good measure?
Posted by: Raj || 11/14/2008 18:44 Comments || Top||

#9  Raj, correct me if I'm wrong, but I'm getting the feeling you're not exactly a Mopar fan, are you?
Posted by: Mike || 11/14/2008 19:06 Comments || Top||

#10  CNBC or CNN > STEPHEN MOORE > opined that one of the BAD THINGS ABOUT THE NEW US$700BILYUHN BAILOUT IS THAT WE DON'T KNOW WHERE EXACTLY THE FIRST/PRIOR US$300BILYUHN BUSH BAILOUT MONIES WENT TO.

IOW > Thusly speaking, the way for the USGovt to properly account for a seemingly "lost" US$300.0Bilyuhn sums-certain original bailout IS TO WILFULLY AND DELIBERATELY LOSE ANUTHER US$700.00BILYUHN AFTER THAT???

**BREAKING NEWS** SCREW THE LOST US1.0TRILYUHN, SUBWAY WANTS TO END HAM-N-TURKEY SANDWICHES ON ITS MENU - EVERBODY PANIC, D *** YOU, EVERYBODY PANIC!
Posted by: JosephMendiola || 11/14/2008 19:11 Comments || Top||

#11  Let them go bankrupt. Someone will buy them out of BK and run them. Soros, you meddling officious asshole, here is your chance to step up to the plate. Or you Warren Buffet, wiht your support for taxing the snot out of people so as to pull the latter up after you.
Posted by: OldSpook || 11/14/2008 19:59 Comments || Top||


Eurozone sinks into recession
THE economy of the 15 nations sharing the euro has slumped into recession for the first time ever, EU data released today revealed, with GDP falling 0.2 per cent in the second and third quarters.
The 27-nation EU as a whole avoided the same fate only by recording zero, rather than negative, growth in the second quarter

On a 12-month comparison, the eurozone economy grew 0.7 per cent in the third quarter, down sharply from 1.7 per cent in the previous quarter, the official Eurostat agency said.
Posted by: tipper || 11/14/2008 06:01 || Comments || Link || [0 views] Top|| File under:

#1  When the EuroZone gets a dose of Obamanomics, this current slump may end up looking like the good ole days.
Posted by: Sonny Ebbeamp1305 || 11/14/2008 7:34 Comments || Top||

#2  Obamanomics
From Wikipedia, the free encyclopedia

Obamanomics refers to a broad set of economic theories of social organization advocating state or collective ownership and administration of the means of production and distribution of goods, and the creation of an egalitarian society.[1][2] Modern Obamanomics originated in the late nineteenth-century working class political movement. Karl Marx posited that Obamanomics would be achieved via class struggle and a proletarian revolution which represents the transitional stage between capitalism and communism.
Posted by: Besoeker || 11/14/2008 7:52 Comments || Top||

#3  Wasn't it a german talking about the end of America on the world stage just the other day?
Posted by: bigjim-ky || 11/14/2008 8:23 Comments || Top||

#4  Things will be bad in the US. Outside the US, things will be very bad.
Posted by: DarthVader || 11/14/2008 9:28 Comments || Top||

#5  As Bill Gates said last week, every other country would rather have our problems [instead of theirs].

Posted by: Frozen Al || 11/14/2008 11:29 Comments || Top||

#6  Gee, tax the hell out of the citizens and VAT makes it cheaper to buy USA with what little money is left WTF else would happen?; no wonder Ireland gave y'all the finger.
Posted by: swksvolFF || 11/14/2008 11:35 Comments || Top||

#7  When the U.S. catches cold the EU gets pnuemonia. We're going to find out what the EU gets when the U.S. gets the flu (or worse).
Posted by: DoDo || 11/14/2008 12:31 Comments || Top||

#8  Don't worry! The french authorities have announced that France will avoid recession, with a planned growth of 0.1! Which is remarkable, as Germany said it WILL go in recession, and, well, they kinda beat us in terms of growth, lesser public spending, lesser debt and all... But, Thanks Keynes, recession will carefully avoid crossing the french borders, exactly as the Chernobyl cloud caaarrrefuly followed the french Gvt's orders not to enter the country... at least, that's the line the gvt kept for about 12-14 years???, all evidences to the contrary, with experts coming to the television on prime-time to assure bold-faced the french people that there was no radioactive cloud over France, the interior minister saying there was no cloud, etc, etc... so, yeah, I've got a good feeling about that recession thingie!
Posted by: anonymous5089 || 11/14/2008 12:42 Comments || Top||

#9  Has the Euro exchange rate dropped yet? It seems like when the currency markets went wild, that was about the time oil spiked and the world economy started to tank. A cheaper Euro and stronger Dollar might help everyone....
Posted by: Scooter McGruder || 11/14/2008 14:23 Comments || Top||

#10  A cheaper Euro and stronger Dollar might help everyone.
Ima thinking the opposite, Scooter. A weaker Euro helps the Euros but weakens the US. Europe needs to have a blow torch applied to their belly, to convince them of the need to reform their unsustainable cradle to the grave welfare policies.These were easy to implement when they could outsource their defense obligations to the US for free. They need to grow up and stop acting like trust fund kids and start to find their own way in the world.
Posted by: tipper || 11/14/2008 19:05 Comments || Top||


Alaska found to contain another kind of exploitable energy
Frozen crystals packed with concentrated natural gas and buried 2,000 feet below the permafrost on Alaska's North Slope could become the next major domestic energy source, according to an assessment released Wednesday by the U.S. Geological Survey. The study finds that in the North Slope, frozen methane-and-water crystals known as hydrates contain as much as 85.4 trillion cubic feet of recoverable natural gas. That's enough to heat 100 million homes for as long as 10 years, Interior Secretary Dirk Kempthorne said.
Democrats to make extracting hydrates out of bounds in 5 .. 4 .. 3 ..
New research into how to extract those resources has moved the possibility of recovering the usable energy from the realm of "science and speculation" to that of the "actual and useful," Kempthorne said Wednesday. Globally, "hydrates have more potential for energy than all other fossil fuels combined," he said. "This can be a paradigm shift."

Government research is beginning to show that it may be possible to extract hydrates using depressurization, a technique used to get at more conventional fuel sources. Simply boring into the ground may be enough to change the pressure to extract it, said Steve Rinehart, a spokesman for British Petroleum in Alaska. Or the pressure could be changed by pumping.

Gas hydrates exist all over the world, including offshore, but a combination of cold and pressure makes them especially prevalent in the Arctic, where there's also an existing oil and gas infrastructure to study them.
Posted by: Steve White || 11/14/2008 00:00 || Comments || Link || [3 views] Top|| File under:

#1  That's enough to heat 100 million homes for as long as 10 years

But those are peasant houses---isn't the planet more important?
Posted by: Al Gore || 11/14/2008 1:41 Comments || Top||

#2  No, only the politicians, their petty desires, and their MONEY.

"Strangle the peasants" They only voted for change.

Posted by: newc || 11/14/2008 2:33 Comments || Top||

#3  Methane and water crystals?

Oh boy, I can see the wacko environmentalists having a field day with that one. "Killer fart gas" wipes out polar bears and disgusts penguins, film at 11. (Trust me, the general population is plenty ignorant about science. They'll believe it.)
Posted by: Cornsilk Blondie || 11/14/2008 8:51 Comments || Top||

#4  Actually, it is a very good idea to deplete methane ice fields, both here, in Siberia, and especially below the oceans.

This is because they are very unstable, and if temperatures rise, either above or below ground, just a little, entire fields of ice could spontaneously convert to methane gas in a chain reaction, blowing vast amounts into the atmosphere.

Posted by: Anonymoose || 11/14/2008 8:58 Comments || Top||

#5  Yes, Anonymoose, and methane is a far more potent 'greenhouse gas' than carbon dioxide; burning it reduces the potential global warming effect.
Posted by: Glenmore || 11/14/2008 9:37 Comments || Top||


Bush warns of 'global meltdown'
George Bush, the US president, has warned of a "global meltdown" in the world economy unless action is taken, while defending the unregulated, free-market capitalism that many critics and world leaders have blamed for the crisis.

Bush insisted that the current turmoil was "not a failure of the free market" and said an upcoming meeting of the G20 nations should aim to implement "specific actions".

"Capitalism is not perfect, it can be subject to excesses and abuse, but it's the most efficient way of structuring the economy," he said in a speech to the Manhattan Institute in New York on Thursday.

"History has shown that the greater threat to prosperity is not too little government involvement, it's too much government involvement in the market."
Posted by: Fred || 11/14/2008 00:00 || Comments || Link || [4 views] Top|| File under:

#1  No need to sugar coat it when your 70 days short.
Posted by: Scott R || 11/14/2008 0:44 Comments || Top||

#2  How's that for a legacy George?
Posted by: g(r)omgoru || 11/14/2008 1:29 Comments || Top||

#3  > George Bush, the US president, has warned of a "global meltdown" in the world economy unless action is taken, while defending the unregulated, free-market capitalism that many critics and world leaders have blamed for the crisis.

Falsely blamed. Government basically created all this credit and the market allocated it as best it could.

This recession is government created, and it will turn into a depression if you bail out bad investments and keep them going.
Posted by: Bright Pebbles || 11/14/2008 5:02 Comments || Top||

#4  But.... but... but.... We still have CHECKS left! How can we be out of money?
Posted by: CrazyFool || 11/14/2008 6:29 Comments || Top||

#5  I blame 3 words.

MADE IN CHINA
Posted by: Besoeker || 11/14/2008 6:52 Comments || Top||

#6  "while defending the unregulated, free-market capitalism "

Freddie Mac was a government creation absolved of the common sense concept of regulation whose original objective was compromised to achieve social(ist) ends. Hardly, free market capitalism.
Posted by: Procopius2k || 11/14/2008 7:30 Comments || Top||

#7  I don't think those subprime loans were made in China.
Posted by: Sonny Ebbeamp1305 || 11/14/2008 7:37 Comments || Top||

#8  Four words: Jimmy Carter Bill Clinton.
Posted by: Parabellum || 11/14/2008 7:56 Comments || Top||

#9  Despite populuar belief, subprime loans are not the greater problem. They are but a symptom. The greater problem is we no longer produce anything here anymore. We both import and borrow money from China. It's all very much like the old coal mining "Company Store." As they became slaves to the Company, little wonder the miners voted for unions and socialism eh?
Posted by: Besoeker || 11/14/2008 8:00 Comments || Top||

#10  Just a hundred years ago, most Americans lived in small towns, villages, and on the farm. The bulk of the population was involved in food production. A lot of it subsistence. I guess we should all go back to the 'good old days' of just producing what we need. Shoulda gone back to that just right after WWII and gotten rid of all that industrial economy that took all those goof agricultural jobs too.

The problem is that economies evolve. When you're on the leading edge of the next form of economy it both hard to see where you're going and experience the transition with all the adaptation as old systems are replaced by new ones.
Posted by: Procopius2k || 11/14/2008 9:48 Comments || Top||

#11  Four words:

Alan Greenspan

Securitized debt.
Posted by: Nimble Spemble || 11/14/2008 9:58 Comments || Top||

#12  Fair and equitable trade, manufacturing, etc, can generally be enforced within the family. It can also be enforced with neighbors, in the village, state and nation. The breakdown in enforcement begins at the water's edge. Go to any Baumarkt in Germany. You won't find the shelves totally stocked and running over with hardware manufactured in China, India, etc. They look after their manufacturing sector a bit more closely than we do.
Posted by: Besoeker || 11/14/2008 10:12 Comments || Top||

#13  Adidas, now made in China. Richle, made in China. Made in Europe apparel is now a Gibbons Good.

I look at the membership list and am not impressed; many economies have been tanking for some years now. Tell'em to eff off and let's get our economy weeded and re-planted and since the rest of the world works off of the US then it will work out.

This is as much about companies not self-regulating as government overstretch. Share and stock holders need to take a more active role in making sure the right management is in place instead of cashing dividends and being wined/dined by good salesmen (bad managers and directors who spend a month setting up the sale).

Anyone watch Kitchen Nightmares last night, Fiesta Sunrise? What a microcosm:
Bad management - check
Indifferent shareholders - check
Poor loans - check
Lack of direction/creativity - check
Selling crap at premium price - check
Appropriately foul language to describe the situation - check
Posted by: swksvolFF || 11/14/2008 11:30 Comments || Top||

#14  Go to any Baumarkt in Germany. You won't find the shelves totally stocked and running over with hardware manufactured in China, India, etc

And how many new jobs were created in Germany in the last 15 years? Check the unemployment [and add in the government make work jobs] for males 18-36? Its all manageable when you have a static economy and central planning. Worked well in the European east didn't it? Yes, the government protects its workers who then are made serfs to higher priced domestically produced goods with high tariffs to keep out the competition. Lets try Smoot-Hawley Tariff Act Part II, cause it worked so well the first time.
Posted by: Procopius2k || 11/14/2008 11:52 Comments || Top||

#15  2 words,

George Soros

plus 2 more words,

Barack Obama,

plus 26 words

both want America to fail so markets can be taken over by power elites like themselves, which will provide more power and control for themselves, permanently

= a deadly socialist/Dem-led "October surprise" in the making for more than a decade, helped by Dem operatives (mostly covert gay) high up in the Republican party to throw the election Obama's direction,

AND YOU HAVE THE END OF AMERICA.

China and Russia are meeting with Cuba and Venezuela. Obama's buddied in the Middle East are holding off until he cries "allah akbar" and all of the political vermin in Washington will be panting for crumbs from Obama's table.

The baddies put this whole financial crisis together, and they don't mean maybe. Look for a "war" situation just in time for Obama to get re-elected.

Essentially, what you have is an Ayers presidency.



Posted by: ex-lib || 11/14/2008 15:19 Comments || Top||

#16  And how many new jobs were created in Germany in the last 15 years? Check the unemployment [and add in the government make work jobs] for males 18-36? Its all manageable when you have a static economy and central planning. Worked well in the European east didn't it? Yes, the government protects its workers who then are made serfs to higher priced domestically produced goods with high tariffs to keep out the competition. Lets try Smoot-Hawley Tariff Act Part II, cause it worked so well the first time.
Posted by Procopius2k 2008-11-14 11:52|| Front Page|| ||Comments Top


The Germans are not doing bad actually, considering the fact they absorbed the former East Germany and have given refuge to a diluge of Russians and Turks. My point was simply they (Germany & Austria)...yes, small in comparison to the US, try to look after their own. The Swiss are even better at it.
Posted by: Besoeker || 11/14/2008 15:27 Comments || Top||

#17  In Germany, banks are the primary owners of industrial corporations (in the US they are prohibited from owning non-financial corporations)
If the German banks go belly up it will be interesting to see what happens to these corporations.
Posted by: tipper || 11/14/2008 19:16 Comments || Top||

#18  Oh, let's be like the Swiss.
Posted by: Nimble Spemble || 11/14/2008 20:24 Comments || Top||



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Chris gives us Mexican press dispatches of drug and gang war violence over three years, presented in a multi volume set intended to chronicle the death, violence and mayhem which has dominated Mexico for six years.
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Two weeks of WOT
Fri 2008-11-14
  U.S. missiles hit Pak Talibs, 12 dead
Thu 2008-11-13
  Somali pirates open fire on Brit marines. Hilarity ensues.
Wed 2008-11-12
  Philippines ship, 23 crew seized near Somalia
Tue 2008-11-11
  EU launches anti-piracy mission off Somalia
Mon 2008-11-10
  Somali gunnies kidnap two Italian nuns
Sun 2008-11-09
  Boomerette hits emergency room west of Baghdad
Sat 2008-11-08
  Mukhlas, Amrozi and Samudra executed
Fri 2008-11-07
  Pak: 13 dead in dronezap
Thu 2008-11-06
  Iran: We can block off Persian Gulf in blink of an eye
Wed 2008-11-05
  America Votes. B.O. wins.
Tue 2008-11-04
  IAF strike zaps four Gazooks
Mon 2008-11-03
  Sheikh Sharif returns to Somalia
Sun 2008-11-02
  Gilani will complain about drone strikes to US
Sat 2008-11-01
  U.S. strike killed Abu Jihad al-Masri deader than Tut
Fri 2008-10-31
  Dronezap kills 15 in Pakistain


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