December 26, 2012
The United States’ presence in the Asia-Pacific is about to be much more impressive: by 2017, the US is expected to have all but surrounded China, its number one economic rival, with fleets of the most advanced stealth warplanes in the world.
According to recent reports from some of the Pentagon’s top-brass, Uncle Sam will be essentially surrounding the United States’ top competitor in only five years’ time. By [...]
July 1, 2012
Tehran plans to deploy “light submarines” to the Caspian Sea, Iranian Navy top brass has told Fars news agency. The Persian country appears to be gearing up its forces in the oil-rich waters, where shelf boundaries still remain somewhat vague.
Adm. Abbas Zamini says Iran is to dispatch light submarines to the Caspian Sea, reads the Saturday report by the semi-official Fars news agency. Zamini did not elaborate on [...]
Cullen Roche, Pragmatic Capitalism
The ATA’s trucking index declined 0.7% in May in the second consecutive month of declines. ATA’s Chief Economist Bob Costello says the economy “has slowed”:
“ARLINGTON, VA — The American Trucking Associations’ advanced seasonally adjusted (SA) For-Hire truck Tonnage Index decreased 0.7% in May after falling 1.1% in April. (April’s loss was the same as ATA reported on May 22.) The latest drop lowered the SA index to 117.8 (2000=100), down from April’s level [...]
It was recently reported that a rather significant, concerning, and mysterious spike in radiation occurred in the north Indiana / south Michigan area, causing widespread alarm throughout the nation. Not only are the reports of the radiation spike concerning in of itself, but the appearance of military helicopters, aircraft, and Department of Homeland Security hazmat fleets is also generating some raised eyebrows. Reports are continuously coming out updating on the event occurring throughout [...]
From Eric Peters Autos:
You’ll probably never read a road test review by me of the Nissan Leaf, or the Chevy Spark, or the Toyota RAV4 electric. And that may tell you everything you need to know about these vehicles.
I can’t review them because they can’t make it down here for me to review.
“Down here” being about 220 miles and five hours’ driving time from the hubs where the car companies [...]
May 11, 2012
A newly discovered Air Force intelligence brief states that should fleets of unmanned drones accidentally capture surveillance footage of Americans, the data can be stored and analyzed by the Pentagon for up to 90 days.
The instruction, dated April 23, admits that the Air Force cannot legally conduct “nonconsensual surveillance” on Americans, but also states that should the drones”incidentally” capture data while conducting other missions, military intelligence has [...]
Paul Craig Roberts
Tuesday, May 1, 2012
Washington has pressured the Philippines, whose government it owns, into conducting joint military exercises in the South China Sea. Washington’s excuse is that China has territorial disputes with the Philippines, Indonesia, and other countries concerning island and sea rights in the South China Sea. Washington asserts that China’s territorial disputes with the like of Indonesia and the Philippines are a matter of United States’ national [...]
Chris Cook: The Oil End Game
By Chris Cook, former compliance and market supervision director of the International Petroleum Exchange. Cross posted from Asia Times
The end game is about to begin. On the one hand you have the noise and rhetoric. Greedy speculators gouging gasoline prices; mad mullahs preparing to wipe Israel off the map; bunker buster bombs and fleets being positioned; huge demand for oil from the BRIC countries; China’s insatiable [...]
The governors of Colorado, Oklahoma, Pennsylvania and Wyoming are teaming up to encourage U.S. automakers to develop affordable vehicles that run on natural gas, a valuable resource in each of their states.
Their plan is to start replacing thousands of vehicles in their state fleets with ones that run on natural gas, in turn driving demand for more filling stations and cars that run on alternative fuel, according to a memorandum [...]
Secretary of State Hillary Clinton exits a limousine. AP
imousines, the very symbol of wealth and excess, are usually the domain of corporate executives and the rich. But the number of limos owned by Uncle Sam increased by 73 percent during the first two years of the Obama administration, according to an analysis of records by iWatch News.
Most of the increase was recorded in Hillary [...]
Nearly six of 10 Americans — 57% — say they won’t buy an all-electric car no matter the price of gas, according to a USA TODAY/Gallup Poll.
That’s a stiff headwind just as automakers are developing electrics to help meet tighter federal rules that could require their fleets to average as high as 62 miles per gallon in 2025. And President Obama has set a goal [...]
I noticed that the BDI had another very positive day yesterday (using screwball Federal Reserve Princeton/Harvard economic growth/recovery algorhythms)…it dropped another ( – 3.941%)…taking it down (up) from 11,700 in June 2009 to 1,292 as of yesterday at the close.
I tend to prefer the Chinese the way they use the old system…”up is up” and “down is down”.
Not bad. It would appear that global commerce [...]