addicted to nonsense..,

TruthDig | What really matters in our lives—the wars in Iraq and Afghanistan, the steady deterioration of the dollar, the mounting foreclosures, the climbing unemployment, the melting of the polar ice caps and the awful reality that once the billions in stimulus money run out next year we will be bereft and broke—doesn’t fit into the cheerful happy talk that we mainline into our brains. We are enraptured by the revels of a dying civilization. Once reality shatters the airy edifice, we will scream and yell like petulant children to be rescued, saved and restored to comfort and complacency. There will be no shortage of demagogues, including buffoons like Sarah Palin, who will oblige. We will either wake up to face our stark new limitations, to retreat from imperial projects and discover a new simplicity, as well as a new humility, or we will stumble blindly toward catastrophe and neofeudalism.

Celebrity worship has banished the real from public discourse. And the adulation of celebrity is pervasive. The frenzy around political messiahs, or the devotion of millions of viewers to Oprah, is all part of the yearning to see ourselves in those we worship. We seek to be like them. We seek to make them like us. If Jesus and “The Purpose Driven Life” won’t make us a celebrity, then Tony Robbins or positive psychologists or reality television will. We are waiting for our cue to walk onstage and be admired and envied, to become known and celebrated. Nothing else in life counts.

We yearn to stand before the camera, to be noticed and admired. We build pages on social networking sites devoted to presenting our image to the world. We seek to control how others think of us. We define our worth solely by our visibility. We live in a world where not to be seen, in some sense, is to not exist. We pay lifestyle advisers to help us look and feel like celebrities, to build around us the set for the movie of our own life. Martha Stewart constructed her financial empire, when she wasn’t engaged in insider trading, telling women how to create a set design for the perfect home. The realities within the home, the actual family relationships, are never addressed. Appearances make everything whole. Plastic surgeons, fitness gurus, diet doctors, therapists, life coaches, interior designers and fashion consultants all, in essence, promise to make us happy, to make us celebrities. And happiness comes, we are assured, with how we look, with the acquisition of wealth and power, or at least the appearance of it. Glossy magazines like Town & Country cater to the absurd pretensions of the very rich to be celebrities. They are photographed in expensive designer clothing inside the lavishly decorated set pieces that are their homes. The route to happiness is bound up in how skillfully we present ourselves to the world. We not only have to conform to the dictates of this manufactured vision, but we also have to project an unrelenting optimism and happiness. Hedonism and wealth are openly worshiped on Wall Street as well as on shows such as “The Hills,” “Gossip Girl,” “Sex and the City,” “My Super Sweet 16” and “The Real Housewives of (whatever bourgeois burg happens to be in vogue).”

The American oligarchy—1 percent of whom control more wealth than the bottom 90 percent combined—are the characters we most envy and watch on television. They live and play in multimillion-dollar mansions. They marry models or professional athletes. They are chauffeured in stretch limos. They rush from fashion shows to movie premieres to fabulous resorts. They have surgically enhanced, perfect bodies and are draped in designer clothes that cost more than some people make in a year. This glittering life is held before us like a beacon. This life, we are told, is the most desirable, the most gratifying. And this is the life we want. Greed is good, we believe, because one day through our acquisitions we will become the elite. So let the rest of the bastards suffer.

american oil in iraq

NYTimes | Iraq’s first stab at opening its oil industry to foreign investment ended in disappointment at an auction in June in which most companies declined to bid. But last month many of those same companies — including Exxon Mobil and Occidental Petroleum, the first American companies to reach production agreements with Baghdad since the 2003 invasion — signed deals at much the same terms they rejected over the summer.

Analysts say the deals on three of the country’s top fields show that Iraq, after an embarrassing start, may be on a path to joining the world’s major oil-producing nations, which could in turn upset the equilibrium in OPEC and increase tensions with the neighboring oil giants Iran and Saudi Arabia. Adding to those strains, development rights to 10 other Iraqi oil fields will be offered to foreign companies at a public auction in Baghdad on Dec. 11.

However, the auction and the contracts come at an awkward time: just months before national elections that could provoke renewed violence or sweep in a new government that could disown the deals.

In the recent deals, the major oil companies have agreed to accept service contracts, in which they earn a fee for each barrel of oil produced. Yet they vastly prefer production-sharing agreements, in which they gain an equity stake in the oil itself. Such deals are far more lucrative to oil companies, but for Iraqis they are reminiscent of the colonial era, when foreign companies controlled the country’s oil wealth. “We have shown that we can attract international companies to invest in Iraq and boost production through service contracts,” Hussain al-Shahristani, Iraq’s oil minister, said recently. “They will not have a share of Iraqi oil, and our country will have total control over production.”

But Iraq has also been forced to acknowledge that it cannot hope to revive its decrepit oil industry without the money and the technical expertise of the major companies. Despite strong anti-American sentiments among the Iraqi public, few officials want to refuse American cash.

homo economicus

EGOS | The standard economic model of homo economicus is characterised by the following assumptions (e.g. Frey 1999):

1. Action is centred in the individual (methodological individualism). Everything that happens in institutions and society can be traced back to the actions of individuals.

2. A strict distinction is to be drawn between preferences (i.e., values which form the basis of motivation) and restrictions (i.e. external stimuli and constraints on the scope for action).

3. An individual’s preferences are given and inalterable (c.f. Becker and Stigler, 1977). The individual’s actions are determined entirely by restrictions.

4. Only self-interested, not prosocial, preferences are assumed to exist. The preferences of other people do not concur with one’s own preferences.

5. The cognitive perception of restrictions is identical in all individuals.

6. Individuals behave entirely rationally. They are able to determine their own maximum utility according to their own preferences within given restrictions.

It is on the basis of these assumptions that the standard economic model is applied to all spheres of life, for instance, to the family, drug abuse, abortion, criminality, art, sport, religion, and suicide.3 This is tied to the withdrawal (or, better, the ejection) of psychology from economics, which, for instance, for Schmölders (1962) was still part of economics.4 Neoclassical standard economics has thus developed an imperialistic understanding of itself as the “queen of the social sciences” (c.f. Hirshleifer 1985; Becker 1976; Frey 1999), a view which has provoked significant aggression and criticism among neighbouring social sciences.

Criticism of standard economics refers chiefly to these assumptions. In particular, this is about the assumptions regarding the cognitive and motivational characteristics of homo economicus and the assumptions regarding the transferability of the economic model across from anonymous market relationships to the relationships within organisations and between individuals.

The criticism of the assumptions about the cognitive characteristics of homo economicus is the least controversial. They go back to Simon (1955, 1956) and have led to the idea of bounded rationality as a consequence of people’s limited capacity to process information. Individuals do not maximise their utility, but can at best achieve satisfactory results. It is on this basis that the institutional economic approaches have been developed (Williamson, 1990). However, the idea of bounded rationality remains vague in institutional economics.5 The research of psychological economics into decision anomalies (Kahneman and Tversky 1986), developed over twenty years, has not been considered. Instead “the same assumptions are still in place as the cornerstones of economic analysis” (Kahneman 2003: 162), though the research on decision anomalies provides precise and situation-specific differentiations of bounded rationality.

interactive unemployment numbers 2007-present

previously established hereabouts....,

the dark side of the internet

Guardian | "The darkweb"; "the deep web"; beneath "the surface web" – the metaphors alone make the internet feel suddenly more unfathomable and mysterious. Other terms circulate among those in the know: "darknet", "invisible web", "dark address space", "murky address space", "dirty address space". Not all these phrases mean the same thing. While a "darknet" is an online network such as Freenet that is concealed from non-users, with all the potential for transgressive behaviour that implies, much of "the deep web", spooky as it sounds, consists of unremarkable consumer and research data that is beyond the reach of search engines. "Dark address space" often refers to internet addresses that, for purely technical reasons, have simply stopped working.

And yet, in a sense, they are all part of the same picture: beyond the confines of most people's online lives, there is a vast other internet out there, used by millions but largely ignored by the media and properly understood by only a few computer scientists. How was it created? What exactly happens in it? And does it represent the future of life online or the past?

Michael K Bergman, an American academic and entrepreneur, is one of the foremost authorities on this other internet. In the late 90s he undertook research to try to gauge its scale. "I remember saying to my staff, 'It's probably two or three times bigger than the regular web,"' he remembers. "But the vastness of the deep web . . . completely took my breath away. We kept turning over rocks and discovering things."

In 2001 he published a paper on the deep web that is still regularly cited today. "The deep web is currently 400 to 550 times larger than the commonly defined world wide web," he wrote. "The deep web is the fastest growing category of new information on the internet … The value of deep web content is immeasurable … internet searches are searching only 0.03% … of the [total web] pages available."

In the eight years since, use of the internet has been utterly transformed in many ways, but improvements in search technology by Google, Kosmix and others have only begun to plumb the deep web. "A hidden web [search] engine that's going to have everything – that's not quite practical," says Professor Juliana Freire of the University of Utah, who is leading a deep web search project called Deep Peep. "It's not actually feasible to index the whole deep web. There's just too much data."

america vs. the narrative

NYTimes | What should we make of Maj. Nidal Malik Hasan, who apparently killed 13 innocent people at Fort Hood?

Here’s my take: Major Hasan may have been mentally unbalanced — I assume anyone who shoots up innocent people is. But the more you read about his support for Muslim suicide bombers, about how he showed up at a public-health seminar with a PowerPoint presentation titled “Why the War on Terror Is a War on Islam,” and about his contacts with Anwar al-Awlaki, a Yemeni cleric famous for using the Web to support jihadist violence against America — the more it seems that Major Hasan was just another angry jihadist spurred to action by “The Narrative.”

What is scary is that even though he was born, raised and educated in America, The Narrative still got to him.

The Narrative is the cocktail of half-truths, propaganda and outright lies about America that have taken hold in the Arab-Muslim world since 9/11. Propagated by jihadist Web sites, mosque preachers, Arab intellectuals, satellite news stations and books — and tacitly endorsed by some Arab regimes — this narrative posits that America has declared war on Islam, as part of a grand “American-Crusader-Zionist conspiracy” to keep Muslims down.

Yes, after two decades in which U.S. foreign policy has been largely dedicated to rescuing Muslims or trying to help free them from tyranny — in Bosnia, Darfur, Kuwait, Somalia, Lebanon, Kurdistan, post-earthquake Pakistan, post-tsunami Indonesia, Iraq and Afghanistan — a narrative that says America is dedicated to keeping Muslims down is thriving.

stoning the devil brings outbreak fears

WaPo | Millions of Muslim pilgrims, some wearing surgical masks, jostled one another Saturday to furiously cast pebbles at stone walls representing the devil -- the hajj ritual of highest concern to world health authorities watching for an outbreak of swine flu.

The Islamic pilgrimage draws 3 million visitors each year, making it the largest annual gathering of people in the world and an ideal incubator for the H1N1 flu virus.

So far, about 60 flu cases have been uncovered, but health officials warn that the true impact will be known only after the faithful have returned to their home countries around the world.

Saudi officials, along with U.S. and international health experts, have geared up to try to limit any outbreak here. But they are also using the pilgrimage as a test case to build a database, watch for mutations and look for lessons on controlling the flu at other large gatherings, such as the 2010 soccer World Cup to be held in South Africa.

The stoning-of-the-devil ritual, performed Friday, Saturday and Sunday, is when the crowds of pilgrims at the five-day hajj are at their peak and contact among them is closest.

Under a hot sun Saturday, hundreds of thousands of sweaty bodies pressed against one another near the stoning walls. The majority did not wear masks, and many sneezed, coughed and spat and looked visibly exhausted.

Other parts of the hajj -- such as the circling of the Kaaba shrine in Mecca -- see a lot of physical contact and close quarters, but perhaps not as much as the rites at Mina, in a desert valley outside Mecca.

The epic crowds squeeze together along ramps and platforms that control traffic around the walls. They push past one another to hurl pebbles at each wall, often shouting curses at Satan and rejecting his temptations.

vaccine ineffective against lethal virus mutation

Examiner | One sample of the Ukraine flu virus has been classed as a low reactor to the H1N1 vaccine. If this mutation spreads, it could result in infection for people who have been vaccinated against the swine flu. Other mutations that have been identified include Tamiflu resistance and complete destruction of the lungs.

Virus mutation and reaction to flu vaccines

Vaccines are created to respond to each different type of virus, and must be adapted if the virus changes too much from the original. Influenza viruses are highly susceptible to mutation, which explains the requirement for a new seasonal flu vaccine each year. When a vaccine provides a strong immune response to a virus, that virus is considered to be a high reactor to the vaccine. In the event that the virus mutates to the point where the vaccine provides a limited or nonexistent level of protection, it is considered a low reactor.

H1N1 mutation and the swine flu vaccine

The samples of the Ukraine flu virus that were analyzed by the World Health Organization provide a great deal of information about the mutations found in this strain of the swine flu. For example, each of the samples from fatalities contained a change in the receptor binding domain for the virus to D225G, which affects the lungs. In addition, one sample has been classed as a low reactor, which means that if that strain of virus were to spread, individuals who have been vaccinated would not be protected.

WHO confirms D225G vaccine failure

Recombinomics Commentary 03:31

One isolate from Ukraine with the mutation had changed so that swine flu vaccine probably would not protect against it well, Britain's national medical laboratory reported Friday.

Flus mutate so fast, Dr. Fukuda cautioned, that announcing each change is "like reporting changes in the weather."

The above quote from tomorrow's NY Times piece by Donald McNeil, acknowledges the vaccine failure for viruses with D225G. However, although WHO has publicly confirmed the failure, they don't think an announcement is required. Thus, they continue to offer altering opinions on the significance of D225G, which directs H1N1 to the lung and was present in four of four fatalities in Ukraine.

The associate of D225G with the Ukraine fatalities led to a survey of samples in Norway, where D225G was found in three patients (two who died and 1 who was in serious condition). Similarly, France found D225G in two fatal infections, including one who was Tamiflu resistant.

However, even though this change is drawing additional attention daily, WHO has taken a position that the vaccine failure against H1N1 with this D225G is not worthy of an announcement.

This mindset is significant cause for concern and is hazardous to the world's health.

russia and china ante up

NYTimes | The United Nations nuclear watchdog demanded Friday that Iran immediately freeze operations at a once secret uranium enrichment plant, a sharp rebuke that bore added weight because it was endorsed by Russia and China.

The governing body of the watchdog, the International Atomic Energy Agency, meeting in Vienna, also expressed “serious concern” about potential military aspects of Iran’s nuclear program.

Administration officials held up the statement as a victory for President Obama’s diplomatic efforts to coax both Russia and China to increase the pressure on Iran. They said that they had begun working on a sanctions package, which would be brought before the United Nations Security Council if Iran did not meet the year-end deadline imposed by Mr. Obama to make progress on the issue.

“Today’s overwhelming vote at the I.A.E.A.’s Board of Governors demonstrates the resolve and unity of the international community with regard to Iran’s nuclear program,” the White House spokesman, Robert Gibbs, said in a statement. “Indeed, the fact that 25 countries from all parts of the world cast their votes in favor shows the urgent need for Iran to address the growing international deficit of confidence in its intentions.”

In recent weeks, the Obama administration has been painstakingly wooing Russia and China, the two permanent members of the Security Council most averse to imposing sanctions.

Russia’s president, Dmitri A. Medvedev, has rewarded the administration’s outreach on missile defense with stronger statements signaling more willingness to impose sanctions on Iran. After meeting with Mr. Obama in Singapore earlier this month, Mr. Medvedev said he was not happy about how long it was taking Iran to respond to an offer to move its enriched uranium out of the country for further processing, adding that “other measures” might have to be considered.

Persuading China has, so far, proven more difficult. After meeting with Mr. Obama in Beijing, China’s president, Hu Jintao, said nothing about additional pressure on Iran.

the dark side of dubai

Independent | Dubai was meant to be a Middle-Eastern Shangri-La, a glittering monument to Arab enterprise and western capitalism. But as hard times arrive in the city state that rose from the desert sands, an uglier story is emerging.

The wide, smiling face of Sheikh Mohammed – the absolute ruler of Dubai – beams down on his creation. His image is displayed on every other building, sandwiched between the more familiar corporate rictuses of Ronald McDonald and Colonel Sanders. This man has sold Dubai to the world as the city of One Thousand and One Arabian Lights, a Shangri-La in the Middle East insulated from the dust-storms blasting across the region. He dominates the Manhattan-manqué skyline, beaming out from row after row of glass pyramids and hotels smelted into the shape of piles of golden coins. And there he stands on the tallest building in the world – a skinny spike, jabbing farther into the sky than any other human construction in history.

But something has flickered in Sheikh Mohammed's smile. The ubiquitous cranes have paused on the skyline, as if stuck in time. There are countless buildings half-finished, seemingly abandoned. In the swankiest new constructions – like the vast Atlantis hotel, a giant pink castle built in 1,000 days for $1.5bn on its own artificial island – where rainwater is leaking from the ceilings and the tiles are falling off the roof. This Neverland was built on the Never-Never – and now the cracks are beginning to show. Suddenly it looks less like Manhattan in the sun than Iceland in the desert.

Once the manic burst of building has stopped and the whirlwind has slowed, the secrets of Dubai are slowly seeping out. This is a city built from nothing in just a few wild decades on credit and ecocide, suppression and slavery. Dubai is a living metal metaphor for the neo-liberal globalised world that may be crashing – at last – into history.

is belief in god hurting america?

AlterNet | According to a new study, prosperity is highest in countries that practice religion the least. From Dostoyevsky to right-wing commentator Ann Coulter we are warned of the perils of godlessness. "If there is no God," Dostoyevsky wrote, "everything is permitted." Coulter routinely attributes our nation's most intractable troubles to the moral vacuum of atheism.

But a growing body of research in what one sociologist describes as the "emerging field of secularity" is challenging long-held assumptions about the relationship of religion and effective governance.

In a paper posted recently on the online journal Evolutionary Psychology, independent researcher Gregory S. Paul reports a strong correlation within First World democracies between socioeconomic well-being and secularity. In short, prosperity is highest in societies where religion is practiced least.

Using existing data, Paul combined 25 indicators of societal and economic stability — things like crime, suicide, drug use, incarceration, unemployment, income, abortion and public corruption — to score each country using what he calls the "successful societies scale." He also scored countries on their degree of religiosity, as determined by such measures as church attendance, belief in a creator deity and acceptance of Bible literalism.

Comparing the two scores, he found, with little exception, that the least religious countries enjoyed the most prosperity. Of particular note, the U.S. holds the distinction of most religious and least prosperous among the 17 countries included in the study, ranking last in 14 of the 25 socioeconomic measures.

Paul is quick to point out that his study reveals correlation, not causation. Which came first — prosperity or secularity — is unclear, but Paul ventures a guess. While it's possible that good governance and socioeconomic health are byproducts of a secular society, more likely, he speculates, people are inclined to drop their attachment to religion once they feel distanced from the insecurities and burdens of life.

"Popular religion," Paul proposes, "is a coping mechanism for the anxieties of a dysfunctional social and economic environment." Paul, who was criticized, mostly on statistical grounds, for a similar study published in 2005, says his new findings lend support to the belief that mass acceptance of popular religion is determined more by environmental influences and less by selective, evolutionary forces, as scholars and philosophers have long debated.

In other words, we're not hardwired for religion.

chess, not checkers....,

WaPo | Two weeks before President Obama visited China, two senior White House officials traveled to Beijing on a "special mission" to try to persuade China to pressure Iran to give up its alleged nuclear weapons program.

If Beijing did not help the United States on this issue, the consequences could be severe, the visitors, Dennis Ross and Jeffrey Bader, both senior officials in the National Security Council, informed the Chinese.

The Chinese were told that Israel regards Iran's nuclear program as an "existential issue and that countries that have an existential issue don't listen to other countries," according to a senior administration official. The implication was clear: Israel could bomb Iran, leading to a crisis in the Persian Gulf region and almost inevitably problems over the very oil China needs to fuel its economic juggernaut, said the official, who spoke on the condition of anonymity.

Earlier this week, the White House got its answer. China informed the United States that it would support a toughly worded, U.S.-backed statement criticizing the Islamic republic for flouting U.N. resolutions by constructing a secret uranium-enrichment plant. The statement, obtained by The Washington Post, is part of a draft resolution to be taken up as soon as Thursday by the 35 nations that make up the governing board of the International Atomic Energy Agency, the U.N. nuclear watchdog.

While largely symbolic, it is the first such declaration since 2006 to be backed by both China and Russia. And the statement marks a departure for China, which has long refrained from criticizing Iran's nuclear policies. The issue of how China will handle the Iranian nuclear issue has emerged as an early test of what Obama has described as a relationship that "will shape the 21st century."

h1n1 and pneumococcal lung infections?

WaPo | Federal health officials on Wednesday linked the H1N1 flu epidemic to a sharp rise in the number of severe bacterial infections.

Anne Schuchat, a physician at the Centers for Disease Control and Prevention, said the national trend was "worrisome" but not unexpected.

"In previous pandemics, there has been an increase in pneumococcal infections in younger people," she said.

The illnesses are caused by Streptococcus pneumoniae, a microbe often carried in the nose and throat. While often benign, the bacterium can cause bloodstream infections, fatal pneumonia and meningitis.

The clearest sign of the marked rise is coming from the Denver area, which usually records about 20 cases of "invasive pneumococcal disease" each October. This year, it has had 58, Schuchat said in a briefing for reporters.

Most invasive pneumococcal infections normally occur in the elderly, but in the Denver cases 62 percent were in people age 20 to 59, Schuchat said. Serious cases of influenza are also primarily hitting younger age groups.

When flu causes pneumonia, it can damage cells deep in the lungs, opening a portal for bacteria. In an analysis of about 75 fatal H1N1 cases earlier this year, autopsies showed that about one-third had bacterial pneumonia.

Pneumococcal infections are largely preventable with a vaccine that is given once or twice depending on a person's age. It is recommended for smokers and for people with asthma, kidney or liver problems, heart disease and other chronic ailments. Only about one-quarter of people with those conditions, however, have been vaccinated.

chinese garlic speculators cash in on swine flu fears

WaPo | Garlic prices are hitting record highs in China, the world's biggest producer of the pungent bulbs, amid reports of a speculative bubble in the market even as people rush to buy it as a putative cure for swine flu.

The China Daily reported last week that a high school in the eastern city of Hangzhou bought more than 400 pounds of garlic and made students eat it at lunch to stay healthy.

Wholesale garlic prices in Beijing are now 15 times as high as in March, and still rising.

Jerry Lou, a Morgan Stanley China strategist who has researched the opaque market here, said speculators -- fueled by the abundant liquidity sloshing around China -- have moved into the small market and strategically driven up prices.

"You need a warehouse, a lot of cash and a few trucks. That's how it works," Lou said, describing garlic speculators' tools of the trade. "Basically, what you do is try to arrest as much supply as possible, then you bid up the price. Moving garlic from one warehouse to the other, you make millions of dollars."

Lou said garlic wholesalers told him that gangs that had amassed cash and credit from dealing property and stocks in other parts of the country had chosen the garlic market as their latest ruse.

simplest explanation

Bloomberg | Adrian Gibbs, the virologist who said in May that swine flu may have escaped from a laboratory, published his findings today, renewing discussion about the origins of the pandemic virus.

The new H1N1 strain, which was discovered in Mexico and the U.S. in April, may be the product of three strains from three continents that swapped genes in a lab or a vaccine-making plant, Gibbs, and fellow Australian scientists wrote in Virology Journal. The authors analyzed the genetic makeup of the virus and found its origin could be more simply explained by human involvement than a coincidence of nature.

Their study, published in a free, online journal reviewed by other scientists, follows debate among researchers six months ago, when Gibbs asked the World Health Organization to consider the hypothesis. After reviewing Gibbs’ initial three-page paper, WHO and other organizations concluded the pandemic strain was a naturally occurring virus and not laboratory-derived.

“It is important that the source of the new virus be found if we wish to avoid future pandemics rather than just trying to minimize the consequences after they have emerged,” Gibbs and colleagues John Armstrong and Jean Downie said in today’s eight- page study.

Gibbs and Armstrong are on the emeritus faculty at the Australian National University in Canberra and Downie is affiliated with the Centre for Infectious Diseases and Microbiology Laboratory Services at Sydney’s Westmead Hospital, according to the study.

While the exact source of the new H1N1 strain is a mystery, their research has “raised many new questions,” they said. The authors compared the genetic blueprints of flu strains stored in the free database Genbank and found the pandemic virus’s nearest ancestors circulate in pigs.

h1n1 and h5n1 pandemic mutation

Digital Journal | With H1N1 mutations seen in Norway and noted in several countries, a Chinese expert issues a warning on the potential for a superbug combination of bird flu and swine flu.

As mutating viruses go, influenza species are notorious for making sloppy copies of themselves - and this behavior presents a challenge to public health officials who are charged with containing more dangerous and widespread disease. On Wednesday, a Chinese disease expert spoke out on the possibility of a dangerous combination between a more dangerous H1N1 swine flu virus mutation and China's endemic H5N1 bird flu species.

A swap in genetic code between these two dangerous viruses could create a superbug pandemic with the potential to wipe out the majority of human populations worldwide.
"China, as you know, is different from other countries. Inside China, H5N1 has been existing for some time, so if there is really a reassortment between H1N1 and H5N1, it will be a disaster," Zhong Nanshan, director of the Guangzhou Institute of Respiratory Diseases in China's southern Guangdong province told Reuters.

Recently, Norwegian scientists discovered a more virulent mutation of the H1N1 swine flu virus. Their discovery was immediately followed by disclosures from the World Health Organization that this same mutation has been observed in several countries, including China. While experts believe that current vaccines are effective against the mutation, the WHO disclosures remained disconcerting.

China faces unique challenges with morphing influenza appearing somewhat regularly throughout their population. Late in 2002, China and the world were introduced to the SARS coronavirus - an event that nearly touched off a deadly pandemic. Since then, the H5N1 virus - known also as bird flu - has trumped SARS as the most likely China-based candidate to emerge as a global pandemic.

The H1N1 swine flu virus that emerged from Mexico earlier this year took many by surprise. And it quickly became the real thing - as pandemics go. Fist tap Big Don.

sure, on an individual basis - and I'll prove it

How otherwise could I offer you this guaranteed recipe for rolls easy enough for a child to make - and upon which you and yours are guaranteed to absolutely hurt yourself (in the best possible way of course). These go well with turkey and all the trimmings, or, standalone with jams, jellies, and preserves.

You'll need 3 packets of yeast,
1/3rd cup of lukewarm water
soften/dissolve yeast in the warm water

2/3rds cup of sugar,
1 tablespoon of salt
3 tablespoons of vegetable oil
3 cups of boiling water
mix these together and set them aside to cool

1 tablespoon of sugar
3 room temperature eggs
whisk these together in your largest mixing bowl

12 cups of sifted flour

Pour the dissolved yeast onto the egg and sugar mixture and gently whisk these together. (gotta jump start the yeasty proliferation) When the boiling salty, sugary, oily water is lukewarm, pour it into the jumpstarted egg/yeast/sugar mixture in the bowl and gently integrate it all with your whisk.

To this fragrant, active, yeasty brown egg broth - you will add your twelve cups of sifted flour. Up until the 8th cup or so, it's pretty easy, but from the 8th to the 12th cup, it becomes somewhat drier and more difficult to whisk and integrate additional flour.

Anyway, once you get all that biologically active mass of dough pulled together in your big mixing bowl, you'll probably want to break it up into a couple, possibly three smaller batches for overnight population explosion. (i.e., letting the dough rise, as the yeast devours the sugar and emits mass quantities of CO2 into the mass)

Be sure to cover each of your smaller rising bowls with a wet towel (cheesecloth) (so that as the dough rises overnight, it doesn't dry out on its surface) put the wet towel covered rising bowls in the refrigerator overnight (the cold will only moderate the yeasty population explosion) come late morning, you'll have big swollen. fragrant, yeasty dough balls trying to burst through the moist towels covering each bowl.

These will stay viable throughout the day into mid-afternoon. A couple of hours before you're ready to bake, melt a stick of butter in a bowl. Punch down a dough ball, roll it out on a floured board, use a juice glass to cut it out into ~3 inch circles.

Have a baking sheet ready.

Dip each circle (roll) into the melted butter and fold it in the middle onto the baking pan. Line these up row after row until the pan is full. Let the divided, conquered, buttered, and beaten rolls sit on that baking sheet to rise for at least 90 minutes (yes, the yeast is still very much alive even after all that abuse)

After that second rising, the baking sheet will be at overflow capacity with monstrous, swollen rolls a good three times larger than they were when you put them on the baking sheet.

Comes now the apocalypse.

Bake the rolls at 350 degrees until they're just a little golden brown 25-35 minutes.

Serve them immediately at the outset of your thanksgiving day feast. Trust me, once you've dropped these heavy, fresh, buttery hard rolls (not like bread at all) on a hungry gathering of friends and family, you will have ruined them for life on any possible alternative. From that point forward, as far as your guests are concerned, your holiday feasts will be all about the rolls. Accept no substitutes....,

what it do shawty...,

Carbon dioxide production is used to infer population growth in a colony of baker's yeast. We can monitor the population as it moves through the four phases of growth, ending with carrying capacity, in which the available nutrients are inadequate to support further expansion of the population.

the lauderdale paradox

Monthly Review | Today orthodox economics is reputedly being harnessed to an entirely new end: saving the planet from the ecological destruction wrought by capitalist expansion. It promises to accomplish this through the further expansion of capitalism itself, cleared of its excesses and excrescences. A growing army of self-styled “sustainable developers” argues that there is no contradiction between the unlimited accumulation of capital — the credo of economic liberalism from Adam Smith to the present — and the preservation of the earth. The system can continue to expand by creating a new “sustainable capitalism,” bringing the efficiency of the market to bear on nature and its reproduction. In reality, these visions amount to little more than a renewed strategy for profiting on planetary destruction.

Behind this tragedy-cum-farce is a distorted accounting deeply rooted in the workings of the system that sees wealth entirely in terms of value generated through exchange. In such a system, only commodities for sale on the market really count. External nature — water, air, living species — outside this system of exchange is viewed as a “free gift.” Once such blinders have been put on, it is possible to speak, as the leading U.S. climate economist William Nordhaus has, of the relatively unhindered growth of the economy a century or so from now, under conditions of business as usual — despite the fact that leading climate scientists see following the identical path over the same time span as absolutely catastrophic both for human civilization and life on the planet as a whole.1

Such widely disparate predictions from mainstream economists and natural scientists are due to the fact that, in the normal reckoning of the capitalist system, both nature’s contribution to wealth and the destruction of natural conditions are largely invisible. Insulated in their cocoon, orthodox economists either implicitly deny the existence of nature altogether or assume that it can be completely subordinated to narrow, acquisitive ends.

This fatal flaw of received economics can be traced back to its conceptual foundations. The rise of neoclassical economics in the late nineteenth and early twentieth centuries is commonly associated with the rejection of the labor theory of value of classical political economy and its replacement by notions of marginal utility/productivity. What is seldom recognized, however, is that another critical perspective was abandoned at the same time: the distinction between wealth and value (use value and exchange value). With this was lost the possibility of a broader ecological and social conception of wealth. These blinders of orthodox economics, shutting out the larger natural and human world, were challenged by figures inhabiting what John Maynard Keynes called the “underworlds” of economics. This included critics such as James Maitland (Earl of Lauderdale), Karl Marx, Henry George, Thorstein Veblen, and Frederick Soddy. Today, in a time of unlimited environmental destruction, such heterodox views are having a comeback.

courting convulsion

Kunstler | What's going on in the US economy is a slow-motion convulsion from which we will emerge as a very different nation with a different economy. The wild irresponsibility of the media in pretending otherwise is only going to make the convulsion worse, more painful, more socially and politically destructive. The convulsion can be described with precision as one of compressive contraction. Historic circumstances are requiring us to change our behavior, to make new arrangements for everyday life in all the major particulars: capital accumulation and deployment; food production; commerce; habitation; transport; education; and health care. These new arrangements must be organized at a smaller and finer scale, and on a much more local basis.

The main "historic circumstance" mandating these changes goes under the heading of "peak oil." We've come to the end of our ability in this world to increase energy inputs to the global economy. The routine "growth" in industrial activity and production that has been the basis of our financial arrangements for 200-odd years is no longer possible. Offsetting this decline in oil energy "input" with "alt.energy" is a dangerous fantasy because it distracts us from the urgent task of making new arrangements for trade, food production, et cetera - the very things that would provide jobs and social roles for our citizens in the future.

We are seeing a comprehensive failure of leadership in every sector and every level of American life - in politics, business, banking, education, news media, medicine, and the clergy. All are determined to pretend that we can somehow continue the habits and behaviors of the pre peak oil era. They are all unwilling to face reality, and are all engaged in mutually supporting each other's dangerous fantasies.

If we don't attend to the transformation of American life by downscaling our activities and changing the way they are carried out, and re-localizing them, we will see our society disintegrate - and I use the word "dis-integrate" with purposeful precision. Everything will come apart - our political arrangements, our households, our health and well-being.

At the moment, banking is disintegrating. It's happening because the end of regular, predictable, cyclical, industrial growth means the end of our ability to generate credit without limits, and in fact we passed this point by stealth some time ago leaving the banks in "Wile E. Coyote" suspension above an abyss, where they have lately been joined by government at all levels and the indebted citizens of the land. The profound nausea spreading through the offices of America is the somatic recognition of exactly where we are in all this: off the cliff.

imf - second bailout would threaten "democracy"

TimesOnline | The public will not bail out the financial services sector for a second time if another global crisis blows up in four or five years time, the managing-director of the International Monetary Fund warned this morning.

Dominique Strauss-Kahn told the CBI annual conference of business leaders that another huge call on public finances by the financial services sector would not be tolerated by the “man in the street” and could even threaten democracy.

"Most advanced economies will not accept any more [bailouts]...The political reaction will be very strong, putting some democracies at risk," he told delegates.

"I do believe that the financial sector needs to contribute both to the costs of the financial crisis and to reduce recourse to public funds in the future," he said.
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Mr Strauss-Kahn said that imposing high capital ratio requirements on banks was one price the financial services sector must pay to prevent the threat of further multi-billion dollar bailouts.

He pointed to the debate in the US over the Troubled Asset Relief Programme and said that in many countries, including France and Germany, he doubted that politicians would secure the mandate needed to secure any further bail-outs if banks got in to trouble again, in several years' time.

as sewers fill, waste poisons waterways

NYTimes | It was drizzling lightly in late October when the midnight shift started at the Owls Head Water Pollution Control Plant, where much of Brooklyn’s sewage is treated.

A few miles away, people were walking home without umbrellas from late dinners. But at Owls Head, a swimming pool’s worth of sewage and wastewater was soon rushing in every second. Warning horns began to blare. A little after 1 a.m., with a harder rain falling, Owls Head reached its capacity and workers started shutting the intake gates.

That caused a rising tide throughout Brooklyn’s sewers, and untreated feces and industrial waste started spilling from emergency relief valves into the Upper New York Bay and Gowanus Canal.

“It happens anytime you get a hard rainfall,” said Bob Connaughton, one the plant’s engineers. “Sometimes all it takes is 20 minutes of rain, and you’ve got overflows across Brooklyn.”

One goal of the Clean Water Act of 1972 was to upgrade the nation’s sewer systems, many of them built more than a century ago, to handle growing populations and increasing runoff of rainwater and waste. During the 1970s and 1980s, Congress distributed more than $60 billion to cities to make sure that what goes into toilets, industrial drains and street grates would not endanger human health.

But despite those upgrades, many sewer systems are still frequently overwhelmed, according to a New York Times analysis of environmental data. As a result, sewage is spilling into waterways.

In the last three years alone, more than 9,400 of the nation’s 25,000 sewage systems — including those in major cities — have reported violating the law by dumping untreated or partly treated human waste, chemicals and other hazardous materials into rivers and lakes and elsewhere, according to data from state environmental agencies and the Environmental Protection Agency.

But fewer than one in five sewage systems that broke the law were ever fined or otherwise sanctioned by state or federal regulators, the Times analysis shows.

feds pretending once more with airline industry

USAToday | For the third time in 16 years the federal government is forming a blue-ribbon panel to try to save the USA's troubled airline industry, which has racked up $58.5 billion in losses and shed 158,000 jobs this decade.

Transportation Secretary Ray LaHood, who has ordered up the panel, vows it won't be "just another advisory committee."

"I am not commissioning some report to fill space on my bookshelf," he wrote on his official blog on the department's website. "This committee will make a difference. Without a financially strong aviation industry we will be unable to compete in domestic and international commerce."

But a $20 billion price tag for fixing the industry's biggest problems and a failure to implement most of the suggestions from two previous commissions have many analysts and former government officials questioning whether anything will come from this latest effort.

Aviation economist Dan Kasper, a member of the panel convened by then-president Bill Clinton in 1993, says commissions can be used as a tool by politicians who don't want to make difficult and unpopular decisions.

"These commissions are a way for politicians to show that they're interested in these issues, that they're not ignoring them, but at the same time it does not necessarily require them to anything about it," says Kasper, a consultant at LECG.

wealthy nations outsource crops to african land

WaPo | "If these deals are negotiated well, I tell you, it will change the dynamics of the food economy in this country," said Mafa Chipeta, the FAO's representative in Ethiopia, dismissing the worst-case scenarios. "I can't believe Ethiopia or any other government would allow their country to be used like an empty womb. The human spirit would not allow it." Few countries have embraced the trend as zealously as Ethiopia, where hard-baked eastern deserts fade into spectacularly lush and green western valleys fed by the Blue Nile. Only a quarter of the country's estimated 175 million fertile acres is being farmed.

Desperate for foreign currency, the government of former Marxist rebels who once proclaimed "land to the tiller!" has set aside more than 6 million acres for agribusiness. Lured with 40-year leases and tax holidays, investors are going on farm shopping sprees, crisscrossing the country on chartered flights to pick out their swaths of Ethiopian soil.

"There's no crop that doesn't grow in Ethiopia," said Esayas Kebede, who works for a new government agency that promotes agribusiness, adding that too many requirements on investors might scare them off. "Everybody is coming."

Especially Indian companies, which have committed $4.2 billion so far.

Anand Seth, director general of the Federation of Indian Export Organizations, described Africa as "the next big thing" in investment opportunities and markets.

As he stood on a little hill overlooking 30,000 acres of rich, black soil, Hanumantha Rao, chief general manager of the Indian company Karuturi Agro Products, agreed.

So far, he said, the Ethiopian government has imposed few requirements on his company.

"From here," Rao said, "you can see the past and the future of Ethiopian agriculture."

From there -- a farm just west of Addis Ababa -- it was possible to see a river designated for irrigating cornfields and rice paddies; it is no longer open for locals to water their cows. Several shiny green tractors bounced across the six-mile-long field where teff, the local grain, once grew. Hundreds of Ethiopian workers, overseen by Indian supervisors, were bent over rows of corn stalks, cutting weeds tangled around them with small blades.

popular support for legalization gaining ground

WaPo | The same day they rejected a gay marriage ballot measure, residents of Maine voted overwhelmingly to allow the sale of medical marijuana over the counter at state-licensed dispensaries.

Later in the month, the American Medical Association reversed a longtime position and urged the federal government to remove marijuana from Schedule One of the Controlled Substances Act, which equates it with heroin.

A few days later, advocates for easing marijuana laws left their biannual strategy conference with plans to press ahead on all fronts -- state law, ballot measures, and court -- in a movement that for the first time in decades appeared to be gaining ground.

"This issue is breaking out in a remarkably rapid way now," said Ethan Nadelmann, executive director of the Drug Policy Alliance. "Public opinion is changing very, very rapidly."

The shift is widely described as generational. A Gallup poll in October found 44 percent of Americans favor full legalization of marijuana -- a rise of 13 points since 2000. Gallup said that if public support continues growing at a rate of 1 to 2 percent per year, "the majority of Americans could favor legalization of the drug in as little as four years."

A 53 percent majority already does so in the West, according to the survey. The finding heartens advocates collecting signatures to put the question of legalization before California voters in a 2010 initiative.

conservative christian leaders tell followers to disobey

WaPo | Conservative Christian leaders unveiled a declaration Friday calling on Christians not to comply with rules and laws forcing them to accept abortion, same-sex marriage and other ideals that go against their religious doctrines.

The declaration urges Christians to practice civil disobedience to defend their convictions, even though some signers of the document backed away from the strong language.

The Catholic Archbishop of Washington, Donald W. Wuerl, was among the first signers of the Manhattan Declaration. He appeared at a news conference in the District on Friday to announce it, even as the Church was considering a city-proposed compromise on its same-sex marriage measure. Church officials say the bill, as it stands, would require faith groups, such as the church-run Catholic Charities, to extend benefits to married same-sex partners, an example of what the declaration's authors see as a violation of religious liberty law.

"We are Orthodox, Catholic, and evangelical Christians who have united at this hour to reaffirm fundamental truths about justice and the common good, and to call upon our fellow citizens, believers and non-believers alike, to join us in defending them," the declaration says. It lists the "fundamental truths" as the "sanctity of human life, the dignity of marriage as the conjugal union of husband and wife, and the rights of conscience and religious liberty."

The declaration is signed by more than 125 Orthodox, Catholic and evangelical leaders. Other leaders at the news conference at the National Press Club included Cardinal Justin Rigali, outgoing chairman of the U.S. Catholic bishops' Committee for Pro-Life Activities; Pentecostal leader Harry Jackson, pastor of a Beltsville church; and evangelical activist Tony Perkins. Other signers include evangelical leader and Watergate-era figure Chuck Colson and academics Timothy George and Robert George.

The leaders are urging the public to sign the online document.

woodrow wilson - international, worldwide....?

Cyberjournal | The right-wing is being hyped up with all sorts of nonsense about Obama being a socialist, along with other disinformation, and so we have one segment of society that hates Obama, and opposes his programs, for all the wrong reasons. Simultaneously, we have what appears to be a strong conservative resistance in Congress to Obama's legislative agendas.

Meanwhile the left, those at whom the mainstream propaganda is aimed, are presented with an ongoing snow job regarding Obama, portraying him as a modern saint, a Nobel Peace Prize winner, spreading reconciliation and sober wisdom everywhere he goes. Those on the left look at the right, and they see a reactionary force, a popular constituency plus conservative representatives who are together preventing Obama from realizing his visions. They see a battle between good and evil, between wisdom and ignorance... Obama may not be perfect, and his agendas may be flawed, but he is clearly our standard bearer in this battle. Without him on the front lines, we'd be deluged by a conservative backlash.

Reality, on the other hand, is quite different than either of the propaganda lines. For example, there is no battle happening on Capital Hill over healthcare. The healthcare bill was finalized long ago by the insurance and pharmaceutical companies, and we're simply being presented with theater, whose final act will be the unveiling of that bill, and whose purpose is to make us think that is the best we could get.

More generally, the perceived battle between good and evil, a perception created by the effect of the psy-op campaigns aimed at left and right, is itself just theater, the final act of which will be outright fascism, and whose purpose is to distract us from the real course of events. To the extent those on the left blame the right, or those on the right blame the left, they are participating in that theater, and thereby being herded like sheep toward fascism.

Obama has been groomed over the years for one particular job, he has embraced that job, and he is carrying it out with enthusiasm and skill. That job is to be the point man for ushering in global fascism, to play a key role in the transition to a world government controlled by the global financial mafia, the same folks who funded Hitler and Mussolini. His role is to project a persona of global leadership, a wise, friendly face that can make the establishment of global tyranny appear to be the onset of global harmony and reconciliation. A bit like Woodrow Wilson, whose job was to usher in the Federal Reserve, and make it appear to be to be the onset of financial stability.

mandelbulb

national garage sale crashes....,

FT | Ebay became a victim of its own success at the weekend after a surge in the number of items for sale caused the world’s largest online auction site to crash.

Millions of shoppers were first unable to search for items on the website on Saturday, during the crucial run-up to Christmas, after a computer system failure.

Ebay said there had been a huge rise in the number of items listed for sale on its site in the run-up to the holiday season this year. It currently has more than 200m live listings, 33 per cent more than at this time last year.

On Sunday, the company’s website still said it was working to resolve the technical problems, which had first been noticed at about 11am Pacific Standard Time on Saturday.

It will be one of the worst outages suffered by the company in recent years. Ebay could be left with a hefty bill to compensate sellers for losses caused by the outage.

if you don't agree...,

is there such a thing as agro-imperialism?

NYTimes | In a series of meetings, Saudi government officials, bankers and agribusiness executives told an institute delegation led by Zeigler that they intended to spend billions of dollars to establish plantations to produce rice and other staple crops in African nations like Mali, Senegal, Sudan and Ethiopia. “They laid out this incredible plan,” Zeigler recalled. He was flabbergasted, not only by the scale of the projects but also by the audacity of their setting. Africa, the world’s most famished continent, can’t currently feed itself, let alone foreign markets.

The American scientist was catching a glimpse of an emerging test of the world’s food resources, one that has begun to take shape over the last year, largely outside the bounds of international scrutiny. A variety of factors — some transitory, like the spike in food prices, and others intractable, like global population growth and water scarcity — have created a market for farmland, as rich but resource-deprived nations in the Middle East, Asia and elsewhere seek to outsource their food production to places where fields are cheap and abundant. Because much of the world’s arable land is already in use — almost 90 percent, according to one estimate, if you take out forests and fragile ecosystems — the search has led to the countries least touched by development, in Africa. According to a recent study by the World Bank and the United Nations Food and Agriculture Organization, one of the earth’s last large reserves of underused land is the billion-acre Guinea Savannah zone, a crescent-shaped swath that runs east across Africa all the way to Ethiopia, and southward to Congo and Angola.

Foreign investors — some of them representing governments, some of them private interests — are promising to construct infrastructure, bring new technologies, create jobs and boost the productivity of underused land so that it not only feeds overseas markets but also feeds more Africans. (More than a third of the continent’s population is malnourished.) They’ve found that impoverished governments are often only too welcoming, offering land at giveaway prices. A few transactions have received significant publicity, like Kenya’s deal to lease nearly 100,000 acres to the Qatari government in return for financing a new port, or South Korea’s agreement to develop almost 400 square miles in Tanzania. But many other land deals, of near-unprecedented size, have been sealed with little fanfare.

Investors who are taking part in the land rush say they are confronting a primal fear, a situation in which food is unavailable at any price. Over the 30 years between the mid-1970s and the middle of this decade, grain supplies soared and prices fell by about half, a steady trend that led many experts to believe that there was no limit to humanity’s capacity to feed itself. But in 2006, the situation reversed, in concert with a wider commodities boom. Food prices increased slightly that year, rose by a quarter in 2007 and skyrocketed in 2008. Surplus-producing countries like Argentina and Vietnam, worried about feeding their own populations, placed restrictions on exports. American consumers, if they noticed the food crisis at all, saw it in modestly inflated supermarket bills, especially for meat and dairy products. But to many countries — not just in the Middle East but also import-dependent nations like South Korea and Japan — the specter of hyperinflation and hoarding presented an existential threat.

“When some governments stop exporting rice or wheat, it becomes a real, serious problem for people that don’t have full self-sufficiency,” said Al Arabi Mohammed Hamdi, an economic adviser to the Arab Authority for Agricultural Investment and Development. Sitting in his office in Dubai, overlooking the cargo-laden wooden boats moored along the city’s creek, Hamdi told me his view, that the only way to assure food security is to control the means of production.

is humanity sustainable?

Royal Society | The principles and tenets of management require action to avoid sustained abnormal/pathological conditions. For the sustainability of interactive systems, each system should fall within its normal range of natural variation. This applies to individuals (as for fevers and hypertension, in medicine), populations (e.g. outbreaks of crop pests in agriculture), species (e.g. the rarity of endangerment in conservation) and ecosystems (e.g. abnormally low productivity or diversity in ‘ecosystem-based management’).

In this paper, we report tests of the hypothesis that the human species is ecologically normal. We reject the hypothesis for almost all of the cases we tested. Our species rarely falls within statistical confidence limits that envelop the central tendencies in variation among other species. For example, our population size, CO2 production, energy use, biomass consumption and geographical range size differ from those of other species by orders of magnitude. We argue that other measures should be tested in a similar fashion to assess the prevalence of such differences and their practical implications.

Keywords: pathology; sustainability; species; management; humans

how to prepare for potential global collapse..,

Telegraph | Société Générale has advised clients to be ready for a possible "global economic collapse" over the next two years, mapping a strategy of defensive investments to avoid wealth destruction.

Explosion of debt: Japan's public debt could reach as much as 270pc of GDP in the next two years. In a report entitled "Worst-case debt scenario", the bank's asset team said state rescue packages over the last year have merely transferred private liabilities onto sagging sovereign shoulders, creating a fresh set of problems.

Overall debt is still far too high in almost all rich economies as a share of GDP (350pc in the US), whether public or private. It must be reduced by the hard slog of "deleveraging", for years. "As yet, nobody can say with any certainty whether we have in fact escaped the prospect of a global economic collapse," said the 68-page report, headed by asset chief Daniel Fermon. It is an exploration of the dangers, not a forecast.

Under the French bank's "Bear Case" scenario (the gloomiest of three possible outcomes), the dollar would slide further and global equities would retest the March lows. Property prices would tumble again. Oil would fall back to $50 in 2010.

Governments have already shot their fiscal bolts. Even without fresh spending, public debt would explode within two years to 105pc of GDP in the UK, 125pc in the US and the eurozone, and 270pc in Japan. Worldwide state debt would reach $45 trillion, up two-and-a-half times in a decade.

(UK figures look low because debt started from a low base. Mr Ferman said the UK would converge with Europe at 130pc of GDP by 2015 under the bear case).

The underlying debt burden is greater than it was after the Second World War, when nominal levels looked similar. Ageing populations will make it harder to erode debt through growth. "High public debt looks entirely unsustainable in the long run. We have almost reached a point of no return for government debt," it said.

Inflating debt away might be seen by some governments as a lesser of evils.

If so, gold would go "up, and up, and up" as the only safe haven from fiat paper money. Private debt is also crippling. Even if the US savings rate stabilises at 7pc, and all of it is used to pay down debt, it will still take nine years for households to reduce debt/income ratios to the safe levels of the 1980s.

might as well face it, we're...,

WashingtonBlog | Leading political journalist John T. Flynn wrote in 1944:

Militarism is the one great glamorous public-works project upon which a variety of elements in the community can be brought into agreement.

But Flynn warned that:

Inevitably, having surrendered to militarism as an economic device, we will do what other countries have done: we will keep alive the fears of our people of the aggressive ambitions of other countries and we will ourselves embark upon imperialistic enterprises of our own.

Indeed, the creator of the theory of military Keynesianism himself warned that those who followed such thinking would fearmonger, appeal to patriotism and get us into wars in order to promote this kind of economic "stimulus". As The Independent wrote in 2004:

Military-fuelled growth, or military Keynesianism as it is now known in academic circles, was first theorised by the Polish economist Michal Kalecki in 1943. Kalecki argued that capitalists and their political champions tended to bridle against classic Keynesianism; achieving full employment through public spending made them nervous because it risked over-empowering the working class and the unions.

The military was a much more desirable investment from their point of view, although justifying such a diversion of public funds required a certain degree of political repression, best achieved through appeals to patriotism and fear-mongering about an enemy threat - and, inexorably, an actual war.

At the time, Kalecki's best example of military Keynesianism was Nazi Germany. But the concept does not just operate under fascist dictatorships. Indeed, it has been taken up with enthusiasm by the neo-liberal right wing in the United States.

I disagree that this is a partisan issue. The Independent piece portrays the "neo-liberal right" as special warmongers; I don't believe there is much difference with the "neo-liberal left", or "neo-conservative right", or whatever. Indeed, political labels are fairly meaningless. What is important is the actions one takes, not his rhetoric about his actions.

the corporatist agenda 70 years ago....,