smuggling europe's waste to poorer countries...,

NYTimes | ROTTERDAM, the Netherlands — When two inspectors swung open the doors of a battered red shipping container here, they confronted a graveyard of Europe’s electronic waste — old wires, electricity meters, circuit boards — mixed with remnants of cardboard and plastic.

“This is supposed to be going to China, but it isn’t going anywhere,” said Arno Vink, an inspector from the Dutch environment ministry who impounded the container because of Europe’s strict new laws that place restrictions on all types of waste exports, from dirty pipes to broken computers to household trash.

Exporting waste illegally to poor countries has become a vast and growing international business, as companies try to minimize the costs of new environmental laws, like those here, that tax waste or require that it be recycled or otherwise disposed of in an environmentally responsible way.

Rotterdam, the busiest port in Europe, has unwittingly become Europe’s main external garbage chute, a gateway for trash bound for places like China, Indonesia, India and Africa. There, electronic waste and construction debris containing toxic chemicals are often dismantled by children at great cost to their health. Other garbage that is supposed to be recycled according to European law may be simply burned or left to rot, polluting air and water and releasing the heat-trapping gases linked to global warming.

While much of the international waste trade is legal, sent to qualified overseas recyclers, a big chunk is not. For a price, underground traders make Europe’s waste disappear overseas.

china's threat revives race for rare earths....,

NYTimes | A Chinese threat to halt exports of rare minerals — vital for high-performance electric motors in wind turbines, hybrid cars and missiles — appears to have backfired.

With control of more than 99 percent of the world’s production of these minerals, China could try to use a ban to force other countries to buy the crucial motors for these high-tech end products, instead of just the minerals, directly from China.

But other governments and businesses reacted quickly as word of the proposed ban spread late this summer.

The Chinese threat has touched off a frenzied international effort to develop alternative mines, much as the 1973-74 Arab oil embargo’s repeated increases in oil prices prompted a global hunt for oil reserves.

In Washington, the House and Senate amended their defense budget authorization bills to require the Defense Department to review the military’s almost complete dependence on Chinese supplies of rare-earth minerals. In Australia, the government blocked a Chinese state-owned company on Thursday from acquiring a majority stake in a large mine being developed for these minerals, also called rare earths.

Meanwhile, Wall Street is financing exploration as the share prices of rare-earths mining companies soar — as much as sevenfold since March.

“Because of China’s focus on maximizing the benefits of its rare-earth resources for its own industry, there is now a focus on identifying alternatives elsewhere,” said Dudley J. Kingsnorth, a rare-earths production consultant in Perth, Australia.

Unleashing funding elsewhere has undercut China’s ability to take big stakes easily in new mines.

“You couldn’t borrow 10 cents from anybody in the financial community” to develop a rare-earths mine just three months ago, said James B. Engdahl, the chief executive and president of the Great Western Minerals Group, a rare-earths mining and processing company in Saskatoon, Saskatchewan. “We get inundated with calls offering financing these days.”

International pressure — including the possibility that the plan violated World Trade Organization rules — has forced the Chinese ministry drafting the ban to call for further review.

why the killer-apes will surely fail....,

postmodern times

simply brilliant....,

The Scientist | A project at Harvard Medical School aims to bring music to medicine in a way that goes beyond setting the mood in the waiting room. Gene transcription and translation are anything but simple. But by combining modern statistics with the sounds of a sweet melody, bioinformatician Gil Alterovitz may make interpreting these complex phenomena and diagnosing the diseases that result from abnormalities in gene expression much more manageable tasks.

"I think it's brilliant that Gil is using a completely different channel for communicating complex genomic information," Latin and ballroom DJ Taro Muso writes in an email to The Scientist. "I've always wondered why doctors don't seem to use their ears beyond listening for natural bodily sounds."

"It's deceptively simple," says bioinformatician Yves Lussier of the University of Chicago. "It was conceptually challenging to come up with it, but once we know of it, it's obvious we should have tried that in addition to visualization techniques we have been using."

By boiling down gene expression data to just a few components -- variables that condense one or more parameters of data -- and assigning each of those components a different note and musical instrument, Alterovitz and his colleagues are literally making genetics musical.

The team carefully chooses the notes such that normal gene expression patterns sound pleasantly in tune, while abnormal data yield discordant sounds. "When you hear inharmonious music it kind of catches your attention," Alterovitz says, "and that would be a sign of a pathological problem."

"Even amateur musicians can tell the difference between various chords," Muso agrees, "so there is a definite potential for motivated biologists to use harmony as a screening method."

Alterovitz got the idea ten years ago while doing his PhD at the Massachusetts Institute of Technology. When he donned his scrubs and joined surgeons in the operating room as part of his graduate research project, he was distracted by the numerous monitors measuring nearly two dozen biological signals. Sometimes an alarm would go off, he recalls, but most of the time it wasn't really relevant, and they were simply turned off and ignored.

"Wouldn't it be useful if we somehow integrated [all] those variables so that we could present something that was not just a binary alarm but holistic information about the whole system?"

a BRIC through the window...,

NYTimes | President Obama will announce Friday that the once elite club of rich industrial nations known as the Group of 7 will be permanently replaced as a global forum for economic policy by the much broader Group of 20 that includes China, Brazil, India and other fast-growing developing countries, administration officials said Thursday.

The move highlights the growing economic importance of Asia and some Latin American countries, particularly since the United States and many European countries have found their banking systems crippled by an economic crisis originating in excesses in the American mortgage market.

For more than three decades, the main economic group was the Group of 7 — the United States, Britain, Canada, France, Germany, Italy and Japan. During the Clinton years, Russia was gradually added, not because of the size of its economy, but to help integrate it with the West. Administration officials said the group would still meet twice a year to discuss security issues. But for practical purposes, the smaller group will become more like a dinner club that defers to the broader group on the economic issues that have dominated summit meetings for nearly three decades. The development, as Mr. Obama was hosting a summit meeting here for leaders of the Group of 20 — 19 countries and the European Union — also highlighted the lingering disparity between the elite group of mostly Western powers and the mass of poorer nations. For all of Mr. Obama’s talk about greater inclusiveness for countries like Brazil and China, the meeting in Pittsburgh remains dominated by the financial crisis that began in the United States and has preoccupied the old boys’ club.

lost vegas

The Sun | LOVEBIRDS Steven and Kathryn share a well-organised home in bustling Las Vegas.

They have a neat, if compact kitchen, a furnished living area, and a bedroom complete with double bed, wardrobe and bookshelf featuring a wide selection including a Frank Sinatra biography and Spanish phrase book.

And they make their money in some of the biggest casinos in the world.

But their life is far from the ordinary.

Because, along with hundreds of others, the couple are part of a secret community living in the dark and dirty underground flood tunnels below the famous strip.

Rather than working in the bars or kitchens they "credit hustle", prowling the casinos searching the fruit machines for money or credits left by drunken gamblers.

Despite the risks from disease, highly venomous spiders and flooding washing them away, many of the tunnel people have put together elaborate camps with furniture, ornaments and shelves filled with belongings.

Steven and girlfriend Kathryn's base - under Caesar's Palace casino - is one of the most elaborate. They even have a kettle and a makeshift shower fabricated out of an office drinking water dispenser.

luxury hotels risk default as $850 rooms remain empty..,

Bloomberg | Luxury hotel owners risk defaulting on their debt as the recession cuts occupancies and the credit crunch constrains refinancing.

Loans secured by more than 1,500 hotels with a total outstanding balance of $24.5 billion may be in danger of default, according to Realpoint LLC, a credit rating company that tracks commercial mortgage-backed securities. Some of the biggest loans, put on the company’s watch list because of late payments, decreasing occupancies or cash flow, were made to luxury properties where rooms can cost more than $850 a night.

“All segments are showing signs of distress but the luxury segment carries much higher loan balances and is more clearly affected,” Frank Innaurato, managing director of CMBS analytical services at Horsham, Pennsylvania-based Realpoint, said in a telephone interview.

Lodging owners are struggling after adding rooms and properties at the peak of the CMBS market from 2004 to 2007, when $83.4 billion in hotel-backed securities was issued. Occupancy among chains with the costliest rooms fell to 60 percent in the first half from 70 percent a year earlier, according to Smith Travel Research. The decline was the industry’s largest for that period.

“Luxury hotels have been aggressively financed during the peak CMBS issuance years,” David Loeb, an analyst at Robert W. Baird & Co., said in a phone interview. “That’s why luxury hotel loans crowd these watch lists.”

"fed" lynching in kentucky..,

MSNBC | WASHINGTON - A U.S. Census worker found hanged from a tree near a Kentucky cemetery had the word "fed" scrawled on his chest, a law enforcement official said Wednesday, and the FBI is investigating whether he was a victim of anti-government sentiment.

The law enforcement official, who was not authorized to discuss the case and requested anonymity, did not say what type of instrument was used to write the word on the chest of Bill Sparkman, a 51-year-old part-time Census field worker and teacher. He was found Sept. 12 in a remote patch of the Daniel Boone National Forest in rural southeast Kentucky.

The Census Bureau has suspended door-to-door interviews in rural Clay County, where the body was found, pending the outcome of the investigation. An autopsy report is pending.

Investigators have said little about the case. FBI spokesman David Beyer said the bureau is assisting state police and declined to confirm or discuss any details about the crime scene.

"Our job is to determine if there was foul play involved — and that's part of the investigation — and if there was foul play involved, whether that is related to his employment as a Census worker," said Beyer.

Attacking a federal worker during or because of his federal job is a federal crime. Fist tap Rembom.

u.s., government may fail in 5-10 years

Interview with Marc Faber - By Bloomberg News 09/22/09

pile up the debt with even more debt to bail out the debt

SCToday | FDIC weighs extraordinary steps, including loans from banks, to shore up insurance fund. The Federal Deposit Insurance Corp. is weighing several costly - and never-before-used - options as it struggles to shore up the dwindling fund that insures bank deposits.

The agency is considering borrowing billions from healthy banks. Alternatively, it may impose a special fee on the banking industry.

Each option carries risk: Drawing money from healthy banks would take dollars out of the private sector, making that money unavailable for investment in the weak economy. But charging the whole industry a fee to replenish the fund could push weaker banks toward failure.

A third option - borrowing from the Treasury - is politically unpalatable, since it would resemble another taxpayer-financed bailout.

A fourth option would be to have banks pay their regular insurance premiums early. But this idea wouldn't solve the fund's long-term cash needs.

"The bottom line is, there's no good solution," said Jaret Seiberg, an analyst with the research firm Concept Capital. "This is a fight over which option is least bad."

The FDIC is expected to propose a solution, possibly combining two or more of the options, at a board meeting next week.

Bank failures since the financial crisis struck have drained the fund to its lowest level since 1992, at the peak of the savings-and-loan crisis. The fund insures deposit bank accounts of up to $250,000.

supertankers may halt oil trading

Bloomberg | Supertanker owners may start refusing cargoes within the next three months unless rates return to a profitable level, said Frontline Ltd., the biggest operator of the ships which carry almost half the world’s oil.

Ship owners are contributing $942 a day toward fuel costs to ship Middle East crude, according to the London-based Baltic Exchange. Rates have been below operating costs since July. Should the losses persist, some owners may choose to idle their ships, according to Jens Martin Jensen, Singapore-based chief executive officer of Frontline’s management unit.

“If you see another quarter, then I think owners have to do something,” Jensen said by phone today. “We are subsidizing oil companies.”

The Organization of Petroleum Exporting Countries has cut output by 4 percent this year to 28.4 million barrels a day, according to Bloomberg estimates. Over the same period, the fleet of in-service supertankers has advanced 5.8 percent to 528 ships, according to Lloyd’s Register-Fairplay data on Bloomberg.

The five-member Bloomberg Tanker Index, led by Frontline, dropped 19 percent this year, extending last year’s record 49 percent slump. Frontline rose 3 kroner, or 2.3 percent, to 132.50 kroner in Oslo, valuing the company at 10.3 billion kroner ($1.7 billion).

arctic sea ice reaches annual minimum

NSIDC | Arctic sea ice reflects sunlight, keeping the polar regions cool and moderating global climate. According to scientific measurements, Arctic sea ice has declined dramatically over at least the past thirty years, with the most extreme decline seen in the summer melt season.

Arctic sea ice appears to have reached its minimum extent for the year, the third-lowest extent since the start of satellite measurements in 1979. While this year’s minimum extent is above the record and near-record minimums of the last two years, it further reinforces the strong negative trend in summertime ice extent observed over the past thirty years.

Overview of conditions
On September 12, 2009 sea ice extent dropped to 5.10 million square kilometers (1.97 million square miles). This appears to have been the lowest point of the year, as sea ice has now begun its annual cycle of growth in response to autumn cooling. The 2009 minimum is the third-lowest recorded since 1979, 580,000 square kilometers (220,000 square miles) above 2008 and 970,000 square kilometers (370,000 square miles) above the record low in 2007.

The 2009 minimum is 1.61 million square kilometers (620,000 square miles) below the 1979 to 2000 average minimum and 1.28 million square kilometers (490,000 square miles) below the thirty-year 1979 to 2008 average minimum.

Conditions in context
This year, the minimum extent did not fall as low as the minimums of the last two years, because temperatures through the summer were relatively cooler. The Chukchi and Beaufort seas were especially cool compared to 2007. Winds also tended to disperse the ice pack over a larger region.

While the ice extent this year is higher than the last two years, scientists do not consider this to be a recovery. Despite conditions less favorable to ice loss, the 2009 minimum extent is still 24% below the 1979-2000 average, and 20% below the thirty-year 1979-2008 average minimum. In addition, the Arctic is still dominated by younger, thinner ice, which is more vulnerable to seasonal melt. The long-term decline in summer extent is expected to continue in future years.

Final analysis pending
In the beginning of October, NSIDC will issue a formal press release with full analysis of the melt season, and graphics comparing this year to the long-term record. We will also announce the monthly average September sea ice extent, the measure scientists rely on for accurate analysis and comparison over the long term. We will continue to post analysis of sea ice conditions throughout the year, with frequency determined by sea ice conditions. The near-real-time daily image update will continue each day.

can america be salvaged?

CommonDreams | I really don't know what to say anymore, about a country in which proposing a new and better version of corporate-plunder masquerading as national healthcare gets you burned in effigy for being a socialist stooge by gun-toting angry mobs.

I really don't know what to say anymore, about a country in which the same people who hate you for being a socialist simultaneously hate you for being a fascist.

I really don't know what to say anymore, about a country in which angry mobs of supposed anti-socialist demonstrators scream at their congressional representatives to "keep your government hands off my Medicare".

I really don't know what to say anymore, about a country in which claims that the government is going to start killing off seniors are taken seriously by tens of millions of people.

I really don't know what to say anymore, about a country in which people are all worked up about government czars, but sat silently while the Bush administration destroyed the Bill of Rights and used a thousand signing statements to write Congress out of the Constitution.

I really don't know what to say anymore, about a country in which deficits have all of a sudden become the source of enormous anger among people who said nothing about them previously, as the tax cuts for the wealthy, off-budget wars based on lies, and unfunded prescription drug Big Pharma giveaway transmogrified the biggest surplus in American history into the biggest deficit ever.

I really don't know what to say anymore, about a country in which politicians can rant incessantly about other peoples' sexual morality, get caught screwing prostitutes, and then still be reelected to the highest ranks of government by trashing the president.

I could go on and on, but what would be the point? The positions of so many Americans on so many policy questions are truly inane - yes, for sure. I wish that was all that concerned me. But it all goes so much deeper than that.

The entire premise of a self-ruling democracy rests on some reasonable degree of rationality and some reasonable degree of an ability to discriminate between real information and falsehoods. Today's American democracy seems to lack these qualities in increasingly abundant amounts.

And yet it goes deeper than that still. The entire premise of a society - any society, democracy or not - is that it possesses a certain degree of shared community, a ‘we-ness' that transcends narrower tribalisms and self-interest in critical ways and at critical moments. That too has unraveled of late. Think of the nice white men with shotguns blocking the exit from flooded New Orleans during the worst moments of Hurricane Katrina.

Looking at America today, it all feels so very past tense to me.

why this editorial silence on peak oil?

Financial Times | Sir, Thrilled as I am to see the realities of oil supply creeping into the public domain, it's disappointing to see your editorial avoiding saying "peak oil" out loud ("Oil on the brain", September 18).

Five years ago we witnessed a collective failure to spot the credit crunch coming despite, with hindsight, obvious clues. What is the probability that, by 2014, we will be writing wise post-mortems on how we failed to spot the peak oil plateau until it was well behind us?

mind-sized hubbert

TODEurope | The bell shaped Hubbert curve is commonly observed when a non renewable, or slowly renewable, resource is exploited in a free market. But what is the origin of the curve? Ugo Bardi and Alessandro Lavacchi have recently published a simple "mind sized" model of the Hubbert behavior in "Energies" . Fat cows and lean cows are not included in the equations of the model, but come as a logical consequence of it.

Have you ever tried to tell a politician about peak oil? If you did, you know what happens. Supposing that he/she pays any attention to you, you'll immediately face at least two typical objections: if there is still oil underground, what is the problem? If the price is high enough, why should production decline? It is not easy to answer these questions in the 30 seconds which are the typical attention span of a politician. Failing to do that will make you look like a representative of one of those millenarian sects eagerly waiting for the end of the world. And the problem is not just with politicians; try to explain peak oil to your mother or to an economist. It is not easy.

Possibly, peak oil will always be beyond the intellectual capabilities of the average politician, but it is also true that there are plenty of intelligent people out there who are perfectly able to understand the concept. The problem is how do we explain it to them. And, if we have to explain it, we must understand it first. What is, exactly, that causes production peaks for oil and for other non renewable resources?

the aftermath of the great recession part I

ASPO | Today’s article is the first of a two-part series in which I attempt to forecast general economic conditions that will affect the oil market over the next 10 years. Despite Galbraith’s sensible warning, what we will experience in the aftermath of the Great Recession is not a complete mystery. Strong evidence suggests that during the next decade, the global economy will struggle to regain a sound footing supporting vigorous growth.

This article and the next mirror closely what I will say at ASPO-USA’s upcoming conference on October 10-13 in Denver, Colorado. I am moderating the “Great Recession and the Energy Markets” discussion. I will be joined by Eric Janszen, Adam Robinson, and author Kevin Phillips.

This is not necessarily the final version of my introductory remarks in Denver, but it is close enough. I am publishing these slides early to allow those attending the conference (or those who are not able to attend) to study the issues prior to the panel itself. There is probably more material here (and next week) than I will have time to present in Denver.

I can not cover the world in a short presentation. Therefore, most of my slides examine the economic prognosis for the United States and China. These countries can be viewed as a single entity called Chimerica. By and large, a resurgence in economic growth outside Chimerica (e.g. in Japan, the Eurozone, the other BRICs) is unlikely unless both the U.S. (the world’s largest economy) and China (the world’s largest emerging economy) are prospering.

I believe substantial, perhaps overwhelming, evidence exists that points toward a protracted global downturn like that experienced in Japan during the 1990s (and beyond) following the crash of their stock market and real estate bubbles of the mid to late 1980s.

chimerica

The American Interest | Is even the fastest growing of America’s rivals really a credible alternative to the United States? Rapidly though it is growing, China is bedeviled by three serious ailments: demographic imbalance, environmental degradation and political corruption. China’s military is not remotely ready to mount a serious challenge to American dominance in the Pacific. And, crucially, it is far from clear that China is ready to wean its manufacturing sector completely off the U.S. export market. After three years of very mild renminbi appreciation, the People’s Bank of China seems to be contemplating renewed intervention to keep the currency weak relative to the dollar. That means China will continue to sell renminbi for dollars, further enlarging its already large portfolio of U.S. bonds.

There is a paradox at the heart of this crisis. In many ways it is a crisis that has “Made in America” stamped all over it. Yet in the very worst moments of panic this fall, investors made it clear that they continue to regard U.S. government debt as a “safe haven” in uncertain times; hence the recent dollar rally. Huge though the costs of the current crisis may prove to be, there is a way of presenting them that may yet suffice to reassure the rest of the world that America can afford it. After all, the Federal debt in public hands remains equivalent to below 40 percent of U.S. GDP, a significantly lower figure than in many European economies or Japan. (The vastly larger unfunded liabilities of the Medicare and Social Security systems remain, fortunately, off balance sheet.)

Of course, this crisis could yet prove to be the safe haven’s last gasp, especially if Congress runs amok with supplementary bailouts and stimulus packages, and the international bond market finally writes the United States off as just another Latin American economy. There seemed very little awareness at the mid-November G-20 summit in Washington that uncoordinated interest rate cuts and stimulus packages could unleash a fresh bout of volatility in international currency and bond markets. The possibility remains, too, that the coming explosion of U.S. Federal debt could finally trigger the dreaded dollar rout, especially if the Chinese decide that the export game is up and their only hope is a policy of “market socialism in one country.” Yet this still seems a less likely scenario than a continuation of Chimerica.

True, the financial hubris of recent years has been followed by a terrible nemesis. The age of leverage has ended not with a whimper but a deafening bang. Nonetheless, it is much too early to conclude that in geopolitical terms the American century is over, or that China solo is about to take over from Chimerica. Power is always relative, and a crisis that hits the periphery of the global economy harder than the core must logically increase the power of the core. Nemesis, too, can be exported.

when history attacks I

when history attacks II