News
Archives, May 20-26, 2007
Saturday, May 26th, 2007
- US Fears grow over China Military
• Beijing modernizing force, strategy, according to report to Congress
• Development "will increase Beijing's options for military coercion,"
report says
• Army gaining capability to fight high-tech adversaries
• Successful missile tests of particular concern, Pentagon says
Washington
(BBC) - "The US has expressed concern
over China's growing military might.
A Pentagon report given to Congress says
Beijing is spending far more on its military budget than admitted and
calls for greater transparency.
The report highlights China's greater
ability to mount pre-emptive strikes, citing new submarines, unmanned
combat aircraft and sophisticated missiles.
China said in March it was increasing
its military spending by 17.8% in 2007 but it still lags far behind the
US.
The BBC's James Coomarasamy in
Washington says the Pentagon paints a picture of a country whose
growing economic and political power is being mirrored in "a
comprehensive military transformation".
The annual report says Beijing is moving
towards a more pre-emptive defence strategy with the focus on its
border areas.
"It
would be nice to hear first-hand from the Chinese... we wish there were
greater transparency, that they would talk more about what their
intentions are."
Robert Gates
US Defence Secretary
It suggests that the possibility of US
intervention in any crisis in the Taiwan Strait is an important factor
in China's military planning.
The report also describes a successful
anti-satellite weapon test conducted by the Chinese in January as
posing a threat to "all space-faring nations".
As in previous reports, there was strong
complaint about a lack of transparency in both China's military
spending and its military aims..."
More:
Military
pumps up China's influence, Pentagon says
Pentagon
Report Says China's January Missile Test on Satellite, Other Actions
Cause for Concern
Alright, now
we have a 3-way cold war. Though I don't foresee China and Russia
getting into any large arguments in the near future.
- Poll: More cite hardship from gas
prices
WASHINGTON (AP) - "Nearly half the
country
thinks near-record gasoline prices will cause serious hardship,
prompting ever more people to consider trading their gas guzzlers for
more fuel-efficient cars, an AP-Ipsos poll says.
Yet
there are signs that more people also are clinging to their driving and
vacation habits while grudgingly accepting the higher price tag. The
government said this week that prices for a gallon of regular gasoline
had hit a nationwide average of $3.22, nearly 50 percent higher than in
January and pennies shy of the all-time mark.
Forty-six
percent said they expect spiking gasoline prices to cause them severe
financial problems, said the poll, released Friday at the Memorial Day
weekend’s unofficial start of the summer driving season. That measure
of public pocketbook pain is up slightly from last year and appreciably
above the 30 percent figure of June 2004, when AP-Ipsos first asked the
question..."
Up, up and away!
- Heavy Storms, Floods Batter Texas
FREDERICKSBURG, Texas (Fox)
— "Two days of
heavy storms and flooding killed five people in Central Texas, and at
least two other people remained missing Friday, officials said.
Several other people were
plucked from rising waters, and Gov. Rick Perry activated state search
and rescue teams as heavy storms were expected to pound the region over
the long holiday weekend.
Police
said three people died in Killeen, including a 5-year-old boy and his
6-year-old brother who were found early Friday in a submerged sport
utility vehicle. The boys were riding with their mother and two
siblings when their vehicle was wiped off the roadway and into a gully
Thursday.
Rescuers saved the mother
and two
siblings, but the swift-moving water rose so quickly that rescuers
couldn't help the boys trapped inside, said Bell County Justice of the
Peace Garland Potvin. Javiante Tarrance, 6, and brother Jarvis, 5, had
just graduated kindergarten.
Elsewhere in
Killeen, police said 20-year-old Sean Cannon was walking with another
person when he was caught in rushing water. His body was found lodged
along a culvert and the other person was rescued, Potvin said..."
The
mis-behaving weather is behaving as usual in Texas.
Friday, May 25th, 2007
- Stage set for $80 oil prices this
summer
LONDON (Reuters) -
"Global oil prices could easily rally to record levels above $80 a
barrel this summer, analysts forecast on Thursday, due to Middle East
tensions, red hot Chinese growth and a reluctant OPEC.
But record high prices will not have the
same impact on oil demand as in the past few years since consumers have
grown accustomed to it.
London Brent crude (LCOc1: Quote,
Profile, Research, currently seen as more representative of the global
oil market, briefly rose on Thursday to a nine-month high of $71.42 a
barrel.
"It looks like prices are going to move
even higher because of geopolitical tensions and tightness in the
U.S.," said Christopher Bellew, senior vice president of Bache
Commodities. "We could easily get to $80. $10 is nothing in these
markets."
Analysts said little has changed since
last summer when oil prices surged to a record $78.65 for Brent and
$78.40 for U.S. crude.
Worries over Iran's nuclear program,
militant attacks in Nigeria and China's breathtaking economic growth
remain key drivers for the market.
One significant change since last summer
has been OPEC's decision to curb supplies by 1.7 million barrels per
day, or about six percent.
"The world needs more oil than OPEC
seems willing to supply, making it difficult to avoid another surge in
oil prices over the coming summer," the Centre for Global Energy
Studies said in its monthly report..."
More:
Oil
near 9-month highs on supply worries
Gas prices likely to stay
high for driving season
Gas prices hit yet
another all-time high
How is this
going to change the way you spend money? Think about it, and plan.
- Severe Weather Roars Through Kansas
HUTCHINSON, Kan. (Fox)
—
"Torrential rainfall and strong winds whipped through parts of Kansas
Thursday, flooding small towns, prompting evacuations, closing highways
and blowing limbs from trees.
Rainfall ranging
from 5 to 7 inches was not uncommon, authorities said.
Dozens
of flooded roads were closed by the second deluge in three weeks and
many of them were expected to require another round of repairs, said
Saline County deputy emergency management director Dean Speaks.
"It's
taken out the roads that we fixed (after the first flooding)," Speaks
said. Numerous government facilities, homes and businesses in the
Salina area were flooded.
Everyone in the
Saline County towns of Bavaria and Hedville — about 80 people —
evacuated their homes overnight due to flooding, he said. Centers were
set up for the evacuees.
Fifty homes in
Ogden, near Fort Riley, were being voluntarily evacuated as area creeks
rose.
From Garden City
in the southwest to Belleville in the north-central region near
Nebraska,
waves of violent, slow-moving storms on Wednesday dropped several
inches of rain while pelting the countryside with large hail..."
If you live in an area that has flooded at ALL
in the past 100 years, have a plan set up for flooding and flood damage.
- New Home Sales Jump By Largest
Amount in 14 Years As Prices Plummet
WASHINGTON
(Fox) — "Sales
of new homes surged in April by the biggest amount in 14 years, but the
median price of a new home dropped by the largest amount on record. The
mixed signals left no clear picture of whether the worst of the
nation's housing slump is over.
The Commerce Department reported that sales
of new single-family homes jumped by 16.2 percent in April to a
seasonally adjusted annual rate of 981,000 units. That was far better
than the tiny 0.2 percent gain that economists had been expecting.
However,
the median price of a new home sold last month fell to $229,100, a
record 11.1 percent decline from the previous month. The big price
decline indicated that builders are slashing prices in an effort to
move a huge overhang of unsold homes.
The jump in sales was the biggest increase since a 16.4 percent surge
in new home sales that occurred in April 1993.
However,
analysts cautioned against reading too much into the big gain,
especially in light of other surveys showing that builder confidence
has sunk in recent months over worries that troubles in the subprime
mortgage market will further crimp demand in coming months..."
As the
housing bubble collapses in on itself, the prices will fall as
well. People will buy when the price, and timing, is right.
Thursday, May 24th, 2007
- Currency impasse overshadows
U.S.-China deals
WASHINGTON (Reuters) - "The United States and
China struck civil aviation and financial sector access deals on
Wednesday but they made no headway on the divisive issue of Chinese
currency reform, stoking anger on Capitol Hill.
Lawmakers said they would move ahead
with proposals to slap tariffs on Chinese imports because of Beijing's
reluctance to redress the huge trade imbalance between the economic
giants with a revaluation of the yuan.
The anger in Congress overshadowed U.S.
Treasury Secretary Henry Paulson's claim of "tangible results" in the
second leg of a "strategic economic dialogue" with Chinese Vice Premier
Wu Yi.
Wu, for her part, said the "complicated"
relations between Washington and Beijing needed careful handling and
cautioned against retaliatory steps.
"It calls for direct consultation and
dialogue between us, instead of easy resort to threat or sanctions," Wu
said after two days of closed-door talks with Bush administration
officials.
The official China Daily newspaper said
in an editorial that both countries bore responsibility for the trade
gap between them and warned against U.S. impatience for a rapid cure..."
Yeah the
U.S. is pissed alright. China can pull the plug on the U.S. $,
and that's all she wrote folks.
- House Minority Leader John Boehner
Calls Immigration Bill 'Piece of Sh*t'."
WASHINGTON
(Fox) - "House Minority Leader John Boehner,
in a shockingly blunt admission Tuesday night to a small group of
Republicans, called the immigration bill praised by congressional
leaders and the White House a 'piece of s---," FOX News confirmed
Wednesday.
"I promised the
president today that I wouldn't say anything bad about ... this piece
of s--- bill," Boehner said, according to a report in the National
Journal's Hotline blog.
Boehner
spoke to the private reception for the Republican Rapid Responders on
Capitol Hill Tuesday night. FOX News confirmed the Ohio lawmaker's
comments.
Boehner released a
statement earlier Tuesday saying he had "significant concerns" about
provisions in the Senate proposal that would "reward illegal immigrants
who have consistently broken our laws.".."
Hahahaha! This guy took the words right
out of my mouth!
- U.N. Troops Traded Arms for Gold
• Human rights groups say
U.N. probe into peacekeepers deliberately slowed down
• Groups: U.N. peacekeepers from Pakistan trafficked arms for gold with
militia
• United Nations says inquiry into matter will be finished in three
weeks
• Pakistan rejects accusations as distorted but says it's investigating
KINSHASA, Democratic
Republic of Congo (Reuters) -- "U.N.
peacekeepers from Pakistan trafficked arms for gold with a militia in
the Democratic Republic of Congo, human rights groups said Wednesday,
adding a U.N. inquiry into the affair was deliberately slowed.
The
United Nations denied any arms were handed over and said an inquiry
under way for more than a year would be completed in three weeks.
Pakistan rejected the accusations as malicious and distorted but said
it was investigating.
The allegations threaten
to strike another
blow to the image of the 17,000-member peacekeeping mission in Congo,
credited with guiding the vast central African country to historic
polls last year but repeatedly plagued by scandal.
The
accusations are from late 2005, when Pakistani peacekeepers were
stationed in the mining town of Mongbwalu in the eastern Ituri
district, where fighting between ethnic militias continued after the
official end of a 1998-2003 war.
"Pakistani officers were
involved in illegal smuggling of between $2-$5 million in gold out of
Ituri. We have very solid information on this," said Anneke Van
Woudenberg, a senior researcher with U.S.-based Human Rights Watch.
She said the peacekeepers
colluded with Congolese military, local armed groups and Indian
businessmen.
"They all became part of
one group," she said.
Joel
Bisubu, a researcher with Congolese human rights group Justice Plus,
said the peacekeepers -- meant to help disarm thousands of militia
members -- returned weapons to the Front of Nationalists and
Integrationalists, an armed group accused by the Congolese government
of war crimes.
"There was cooperation
between the Pakistanis and
the FNI," Bisubu said. "The weapons were meant to be surrendered. But
there was a shady operation whereby the Pakistanis handed the weapons
back."
The Pakistani Foreign
Ministry said it had only been
informed of the allegations on Tuesday and relevant authorities were
looking into them. Military spokesman Maj.-Gen. Waheed Arshad dismissed
reports as distorted..."
Keep this
in mind. If the U.N. is ever annoying you in your country, just
throw money at them and they'll trade you cash for guns!
Wednesday, May 23rd, 2007
- Oil rises ahead of U.S. Inventory
data
SYDNEY (Reuters)
- "Oil prices rose on Wednesday as some traders bet that U.S. gasoline
supplies would fall ahead of peak driving season, and as the market
awaited an international body's report on Iran's nuclear programme.
Benchmark London Brent (LCOc1: Quote,
Profile, Research rose 41
cents to $69.93 by 0500 GMT. It had fallen 97 cents to settle at $69.52
on Tuesday amid forecasts that the weekly U.S. government storage
report would show a build-up in crude and gasoline supplies.
"There is no news driving up prices.
(They) are rising because
some traders are expecting gasoline stocks to fall and are taking
positions," said Ryuichi Sato, from Mizuho Corporate Bank's derivative
business unit.
U.S. government stock data is due to be
released later on
Wednesday. A Reuters poll of analysts has forecast that gasoline
inventories rose by 1.4 million barrels last week, as refiners lifted
production ahead of the Memorial Day holiday this weekend, which marks
the start of the summer driving season. (EIA/S: Quote, Profile, Research
Analysts said a report by the
International Atomic Energy Agency
on Iran's uranium enrichment programme, due later on Wednesday, also
offered support to prices.
"We know Iran hasn't complied with the
conditions so the report
is going to be a hawkish one," said Dariusz Kowalczyk, an analyst from
Hong Kong-based CFC Seymour Ltd.
Atomic inspectors are expected to report
on Wednesday that Iran
has not only ignored an imminent U.N. deadline to stop enriching
uranium but markedly expanded the programme, exposing Tehran to broader
sanctions..."
More:
U.S.
hurricane forecasters urge safety on oil stockpiles
Gas price hikes' cost:
$146 a car so far this year
Well now,
how does this affect your bottom line?
- U.S. to let START Nuclear treaty
expire
WASHINGTON
(Reuters) - "The United States plans to let a landmark nuclear arms
reduction treaty with Russia expire in 2009 and replace it with a less
formal agreement that eliminates strict verification requirements and
weapons limits, a senior U.S. official says.
This would continue President George W.
Bush's practice of
repudiating arms control as a means of curbing nuclear weapons while
relying more on countermeasures like export controls, interdiction and
sanctions.
This approach makes many arms control
experts uneasy, but the
Democratic-led U.S. Congress has shown little interest in the START
treaty's fate. Some congressional aides say whatever Bush does, his
successor -- who takes office in January 2009 -- could seek
modifications.
While the Strategic Arms Reduction
Treaty or START "has been
important and for the most part has done its job," Assistant Secretary
of State Paula DeSutter told Reuters the pact is cumbersome and its
complicated reporting standards have outlived their usefulness.
In the post-Cold war era, many
provisions of the 1991 START
accord, which mandated deep nuclear weapons cuts, "are no longer
necessary. We don't believe we're in a place where we need have to have
the detailed lists (of weapons) and verification measures," added
DeSutter, who handles arms control and verification issues.
Russia agrees the treaty should not be
extended but wants it
replaced with another legally binding treaty that makes further cuts in
strategic forces, so the two sides have significant differences..."
Any doubt that we are in a second Cold War can
be erased at this
announcement. I usually don't say this, but "I told ya so!".
- WHO reaches bird flu vaccine deal
China (BBC) - "The World
Health Organisation says it has reached a
framework agreement to ensure all countries share samples of the deadly
H5N1 strain of bird flu.
Indonesia and China have been
reluctant to provide samples, fearing the vaccines produced may be too
expensive.
The agreement aims to ensure that an
up-to-date vaccine can be produced and that affected countries can
afford it.
A WHO official said the agreement, due to be adopted on Wednesday was
"a big step forward in virus sharing."
Although experimental vaccines based
on the H5N1 virus
exist, in order to ensure that any new vaccine would work, it must be
based on the latest strain of the virus.
Vaccine dispute
Indonesia - one of the countries most
affected by the
avian influenza outbreak - only recently began sharing its latest
strain samples again, having blocked them since December.
It had argued that the pharmaceutical companies would
use the samples to produce a commercial vaccine that was beyond the
country's economic reach.
Health minister Siti Fadillah Supari said last week that
developing countries sought a fair share of the commercial benefits
derived from the H5N1 samples they provide.
But WHO Director-General Dr Margaret Chan has accused
countries that refused to provide timely samples of crippling the fight
against a possible flu pandemic.
News of the deal emerged as Ghana reported that it had
found a second confirmed case of the H5N1 virus in the centre of the
country, some distance from the first case, discovered at the beginning
of May.
Since the H5N1 virus emerged in South East Asia in late 2003, it has
claimed more than 180 lives around the world.
Indonesia has been hardest hit, with more than 70 deaths.
Scientists fear the virus could mutate to a form which could be easily
passed from human to human, triggering a pandemic..."
Vaccines
are ok, but we cannot keep up with the speed of viral mutation.
Tuesday, May 22nd, 2007
- Gas prices: Worse than '81 oil
shock
Gas now at
highest level, even adjusted for
inflation; AAA's reading of nearly $3.20 a gallon marks ninth straight
record high in current dollars.
NEW
YORK (CNNMoney.com)
-- "Gasoline prices have soared to levels never seen before as even the
inflation-adjusted price for a gallon of unleaded topped the 1981
record spike in price that had stood for 26 years.
And higher prices could be on the way as
Americans get ready to hit the road for the Memorial Day holiday and
the start of the summer driving season. Two different surveys
found record high pump prices once again.
Oil
Rises above $65 on Nigeria concern
The Lundberg Survey, a bi-weekly gas
price tracking service, put the price of a gallon of unleaded at $3.18
in its latest reading released late Sunday, up more than 11 cents from
its reading of two weeks ago.
Oil rises above $65 on Nigeria concern
While gasoline had already been in
record territory in current dollars, Trilby Lundberg, publisher of the
survey, said this is the first time that her survey topped her 1981
record high when adjusted for inflation.
The price of $1.35 in 1981 works out to
$3.15 in current dollars, she said. The Iran-Iraq war, which started
the year before, choked off oil supplies to the global market, causing
that spike in prices.
The Energy Information Administration's
latest pump price, when adjusted for inflation, also reached a new
peak. The EIA said Monday the average price for regular unleaded
gasoline soared 11.5 cents over the past week to a fresh record of
$3.22 a gallon, the all-time high fuel cost reached in March 1981.
The EIA survey covers about 800 service
stations nationwide while the Lundberg survey includes 7,000 stations.
The motorist group AAA does a daily
survey of up to 85,000 gas stations, but that reading does not go back
to the 1981 spike. Its survey has been showing a series of record high
prices in current dollars since May 13, and Monday the average price
for a gallon of self-serve unleaded hit $3.196, the ninth straight
record high and up from Sunday's record of $3.178.
The AAA survey now shows prices up 4
percent over the course of the last week, along with an increase of
11.8 percent over the last month.
AAA warned in congressional testimony
last week it believes that more record prices could be on the way. It
is forecasting prices will approach $3.25 a gallon over the next 60
days.
Still AAA is predicting a record number
of Americans will be hitting the road holiday weekend, with 38.3
million expected to be traveling 100 miles or more over the Memorial
Day holiday, up 1.7 percent from a year ago. And most of those - 32.1
million - will be driving on their trip, according to the motorist
group..."
More:
My
big fat American gas tax
Report:
Energy Use to grow world-wide by %57 in 2030
Gasoline
price at inflation adjusted peak
Gas prices climb to
another record high
All signs
point to -> "Kiss your Gas
Goodbye."
- Goo made from patient's blood
speeds healing
Ohio
(Reuters) - "Treating skin wounds with a gel made from a patient’s own
blood platelets speeded healing, researchers said in a study showing
how doctors may be able to harness the body’s innate healing ability.
Skin
wounds treated with this gel healed about 10 percent more quickly than
wounds in the same people treated with only an antibiotic ointment,
Monday’s study in the Archives of Facial Plastic Surgery showed.
The
researchers cautioned that this was a small pilot study — only eight
people were examined — but said the concept could change the way
doctors deal with wounds, from surgical incisions to, potentially,
internal injuries..."
Neat! I wonder how long this will take
for them to sell an over-the-counter "whip-up your own magic
healing-sauce at home" kit.
- China aims for the moon this year
• China to launch a lunar orbiter in the second half of
2007
• Exploration plans include landing a probe on the moon, collecting
soil samples
• China is the third country to launch a man into space aboard its own
rocket
BEIJING,
China (Reuters) -- "China plans to launch a lunar
orbiter in the second half of 2007, in a first step towards a lunar
probe, Xinhua news agency quoted the director of the National Space
Administration as saying on Sunday.
If the Chang'e I orbiter
succeeds in orbiting the moon, the next step would be an attempt to
land. Ultimately a moon rover would collect samples before returning to
earth, Sun Laiyan said in a speech at Beijing Jiaotong University.
"The
moon probe project is the third milestone in China's space technology
after satellite and manned spacecraft projects, and a first step for us
in exploring deep space," Sun said.
Plans for a lunar orbiter
launch in 2007 were included in China's white paper on its space
program, unveiled last year.
The moon rover mission
would be due in 2012, Xinhua said, citing unidentified earlier reports.
In
2003, China became only the third country -- after the United States
and the former Soviet Union -- to launch a man into space aboard its
own rocket. In October 2005, it sent two men into orbit and plans a
space walk by 2008..."
It seems
our monopoly on the Lunar surface is about to end.
Monday, May 21st, 2007
- Economists foresee weakest growth
since '02
United States
(AP) - "Weighed down by a housing slump, the economy in 2007 will log
its most
sluggish growth in five years. But that showing should not cause
businesses to really clamp down on hiring, economic forecasters say.
A
forecast released Monday by the National Association for Business
Economics puts the growth of the gross domestic product at 2.2 percent
for this year. The rate was 2.7 percent in the group’s previous survey,
in February.
If
the latest prediction proves correct, the growth rate would be the
weakest since 2002. Back then, the fragile economy was emerging from a
recession and grew by just 1.6 percent..."
More:
Housing
to weigh more than expected on growth-forecast
Buy your
homes to live in; not for their equity. Lesson number 1.
- Up 11 cents in two weeks, gas sets
record again
CAMARILLO, Calif.
(AP) - "The average price of
self-serve regular gasoline hit a record high of $3.18, rising more
than 11 cents over the past two weeks, according to a nationwide survey
released Sunday.
The
latest figure topped the record of $3.07 set two weeks ago, which had
been the highest price since the average cost of a gallon of gas hit
$3.03 on Aug. 11, 2006, according to the Lundberg Survey of 7,000 gas
stations across the country.
The latest price also beat the previous inflation-adjusted record of
$3.15 per gallon in March 1981..."
How high will this keep going?
- Idaho Teens Tote Loaded Guns
Around Town Legally
POST FALLS, Idaho (Fox) —
"Two home-schooled teenagers in this northern Idaho
town say they are carrying loaded guns to the library, grocery store
and other public areas for self-defense, as a crime deterrent, and to
educate others about their rights.
Zach Doty, 18, carries a loaded
Glock handgun on his hip. His 15-year-old brother, Steven, carries a
.22-caliber rifle in a sling on his back.
Police have been called on
several occasions to question the teens but have not found the teens to
be in violation of the law.
In
Idaho, residents 18 and older can openly carry a firearm in public. And
those ages 13 to 17 who have parental permission can carry a rifle in
public.
"I certainly don't anticipate
that I'll
need to use it, but I'd rather have it and not need it than to not have
it and need it," Zach told the Coeur d'Alene Press. "There's no reason
for me to hide a weapon."
Zach was stopped April
17 on his way to Bible study. On Friday, police again responded when
someone reported the brothers with guns in a park. But police left
after confirming it was the Doty's..."
Wow!
Finally the news posts one of the 999,999 out of 1,000,000 stories
about guns that are positive. Most people don't realize 500,000
crimes are prevented a year by the use/appearance of a firearm.
Sunday, May 20th, 2007
- Record high
gas run continues
Average gas price tops $3.15 a gallon for the first time on Saturday,
to reach seventh straight record high.
NEW YORK (CNNMoney.com)
-- "Gasoline prices hit their record high for the seventh straight day
Saturday, as gas costing less than $3 a gallon is becoming a rare find
anywhere in the country.
The motorist group AAA said the average
price for a gallon of
self-serve unleaded hit $3.157 in its latest reading, based on a daily
survey of up to 85,000 gas stations. That's up from Friday's record of
$3.129.
The nation's retailers say soaring gas prices are prompting U.S.
consumers to cut back on their purchases and shopping trips.
The nation's retailers say soaring gas
prices are prompting U.S.
consumers to cut back on their purchases and shopping trips.
The group warned in congressional
testimony this week it believes
that more record prices could be on the way. It's forecasting prices
will approach $3.25 a gallon over the next 60 days.
Prices are now up 3.4 percent in just
the last week, and have risen 10.1 percent over the last month.
Topping
post-Katrina records
Before this week's series of record-high
gas prices, the highest
price ever recorded in the survey was $3.057, which was set Sept. 4 and
Sept. 5, 2005, in the wake of Hurricane Katrina, which disrupted
refinery operations and pipelines and caused a temporary spike in
prices. The only other time that the AAA national average has topped
the $3 mark was in August 2006, after Israel invaded Lebanon and oil
futures shot higher. Gas prices topped out at $3.036 in that spike.
But problems in gasoline supplies and
refinery output sent the
average gas price above the $3 a gallon mark on May 4, and it's been
climbing relatively steadily since. On Sunday, May 13, it set a new
record, reaching $3.0637, and it's been up from there each day since..."
Worried yet?
If you are not prepared for this to go higher, it is already too late.
- China confirms Bird Flu outbreak
Hunan Province, China (BBC) - "China
has confirmed a new outbreak of the deadly H5N1
strain of the bird flu virus in the central province of Hunan, state
media has reported.
More than 11,000 poultry died of the virus in
Shijiping village near Yiyang city, the Agriculture Ministry said.
Some 53,000 birds have since been culled and officials
say that the outbreak is now under control.
China's last reported case was in March, when chickens died at a
poultry market near the Tibetan capital, Lhasa.
There were no reports of human
infection in the latest outbreak.
A total of 15 people have died in
China from the H5N1 virus and millions of birds have been culled.
Officials are working to vaccinate
billions of domestic
poultry by the end of May in preparation for the northward migration of
wild birds in the summer, Xinhua news agency has said.
Since the H5N1 virus emerged in South
East Asia in late
2003, it has claimed more than 180 lives around the world. Indonesia
has been hardest hit, with more than 70 deaths.
Scientists fear the virus could
mutate to a form which
could be easily passed from human to human, triggering a pandemic and
potentially putting millions of lives at risk..."
Murphey's Law...
- Report: Russian Spy Operations on
U.S. Reach Cold War Levels
Washington
(Fox) - "It's time to send for George Smiley. Russia’s covert
foreign
intelligence operations against America have reached Cold War levels
under President Vladimir Putin, according to Washington officials.
White House
intelligence advisers believe no other country is as aggressive as
Russia in trying to obtain U.S. secrets, with the possible exception of
China.
In particular the
SVR, as the former KGB’s
foreign intelligence arm is now known, is using a network of undercover
agents in America to gather classified information about sensitive
technologies, including military projects under development and
high-tech research.
Yuri Shvets, a
former
KGB agent, said: “In the days of the Soviet Union, the number of spies
was limited because they had to be based at the foreign ministry, the
trade mission or the news agencies like Tass. Right now, virtually
every successful private company in Russia is being used as a cover for
Russian intelligence operations.”.."
See?
See? That's what I've been saying!
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