So it appears Tim Geithner is leaving soon. Well, his free market principles have hurt job creation and hurt progressive economics so I’m glad he’s going, but guess whose name is being bandied around? Jamie Dimon, whiner in Chief. FALL EXIT? Treasury Secretary Timothy Geithner would like to leave the Obama administration this fall if economic conditions are stronger and the debt ceiling debate is resolved in a timely manner, according to a person familiar with his thinking. Possible replacements to be President Barack Obama’s top economic adviser, according to a senior administration official, include Erskine Bowles, White House chief of staff under President Bill Clinton, and Roger Altman, a prominent investment banker and former deputy Treasury secretary. Jamie Dimon, chief executive of JPMorgan Chase, is considered a strong dark-horse candidate.Dimon has said he is not interested in public office but many on Wall Street believe he would accept the job if asked by Obama. But the White House will have to decide whether Dimon, who leads the most successful bank in the U.S., is too closely aligned with Wall Street. The news of Giethner leaving has been on the blogs for a few days day and as a joke, guess what came up? Atrios For Treasury Secretary I promise to hurt Jamie Dimon’s feefees regularly and to not establish a government-endorsed predatory lending program. Let’s take a look at Dimon since Obama was elected. — Jamie Dimon , chief executive of JPMorgan Chase , lived up to his reputation as a fierce defender of his profession on Thursday when he told listeners in Davos, including the president of France, that he was fed up with banker bashing. Mr. Dimon said at the World Economic Forum that he was sick of “this constant refrain — bankers, bankers, bankers.” And there’s these fine moments of whinery: Jamie Dimon: Don’t be hatin’ on bankers when it’s all YOUR fault! You’ve got to be kidding me, right? Bank CEO wants more politicians in their pockets Did he really say that? Wall Street Masters still Whining about Obama’s words even after the bail out. It’s all GOP for them now As Digby says; Yesterday a bunch of us were joking about Jamie Dimon becoming the new treasury secretary when Timothy Geithner departs. It was a lot of fun. Hahaha, how ridiculous would that be? Very ridiculous.
Continue reading …So it appears Tim Geithner is leaving soon. Well, his free market principles have hurt job creation and hurt progressive economics so I’m glad he’s going, but guess whose name is being bandied around? Jamie Dimon, whiner in Chief. FALL EXIT? Treasury Secretary Timothy Geithner would like to leave the Obama administration this fall if economic conditions are stronger and the debt ceiling debate is resolved in a timely manner, according to a person familiar with his thinking. Possible replacements to be President Barack Obama’s top economic adviser, according to a senior administration official, include Erskine Bowles, White House chief of staff under President Bill Clinton, and Roger Altman, a prominent investment banker and former deputy Treasury secretary. Jamie Dimon, chief executive of JPMorgan Chase, is considered a strong dark-horse candidate.Dimon has said he is not interested in public office but many on Wall Street believe he would accept the job if asked by Obama. But the White House will have to decide whether Dimon, who leads the most successful bank in the U.S., is too closely aligned with Wall Street. The news of Giethner leaving has been on the blogs for a few days day and as a joke, guess what came up? Atrios For Treasury Secretary I promise to hurt Jamie Dimon’s feefees regularly and to not establish a government-endorsed predatory lending program. Let’s take a look at Dimon since Obama was elected. — Jamie Dimon , chief executive of JPMorgan Chase , lived up to his reputation as a fierce defender of his profession on Thursday when he told listeners in Davos, including the president of France, that he was fed up with banker bashing. Mr. Dimon said at the World Economic Forum that he was sick of “this constant refrain — bankers, bankers, bankers.” And there’s these fine moments of whinery: Jamie Dimon: Don’t be hatin’ on bankers when it’s all YOUR fault! You’ve got to be kidding me, right? Bank CEO wants more politicians in their pockets Did he really say that? Wall Street Masters still Whining about Obama’s words even after the bail out. It’s all GOP for them now As Digby says; Yesterday a bunch of us were joking about Jamie Dimon becoming the new treasury secretary when Timothy Geithner departs. It was a lot of fun. Hahaha, how ridiculous would that be? Very ridiculous.
Continue reading …Welcome back . Again . Chances are, anyone planning to grab those PSN freebies took their share when the promotion launched last month, but just in case you’ve been holding out, Sony’s giving you another 24 hours (from now) to download your pair of free PS3 or PSP games, 100 virtual items from PlayStation Home , and 30 days of PlayStation Plus . After then, you better be prepared to pay up for your copy of Dead Nation or LittleBigPlanet . The whole gratis shebang goes offline for good at 9AM Pacific Time tomorrow — just before the PlayStation Store is set to open for business in Japan. Sony PSN ‘Welcome Back’ promotion extended… for one more day originally appeared on Engadget on Mon, 04 Jul 2011 12:00:00 EDT. Please see our terms for use of feeds . Permalink
Continue reading …A Hindu temple in southern India seems to have delivered the motherlode. Archeologists have reportedly uncovered over $11 billion in treasure at Sree Padmanabhaswamy Temple, according to AFP. The treasure has been found in at least 5 vaults. The temple, which is typically known for its statues, is located in the Kerala state, near the Southern tip of the country. MSNBC reports that the foundation for the current tower, containing the treasure, was laid in 1566. From AFP: The valuables have an estimated preliminary worth of over 500 billion rupees ($11.2 billion), said Kerala Chief Secretary K. Jayakumar, catapulting the temple into the league of India’s richest temples. The thousands of necklaces, coins and precious stones have been kept in at least five underground vaults at the Sree Padmanabhaswamy Temple which is renowned for its intricate sculptures. Apparently, devotees have been donating to the temple for centuries. Among the treasure in the find was what archeologists described to be an 18-foot necklace. Other pieces have included gold, silver, coins, and precious stones. However, the best may have been saved for last. According to the AFP, researchers are yet to have opened one secret chamber that hasn’t been opened in 140 years. The exact value of the treasure will be determined after archeologists take a closer look at the find.
Continue reading …A Hindu temple in southern India seems to have delivered the motherlode. Archeologists have reportedly uncovered over $11 billion in treasure at Sree Padmanabhaswamy Temple, according to AFP. The treasure has been found in at least 5 vaults. The temple, which is typically known for its statues, is located in the Kerala state, near the Southern tip of the country. MSNBC reports that the foundation for the current tower, containing the treasure, was laid in 1566. From AFP: The valuables have an estimated preliminary worth of over 500 billion rupees ($11.2 billion), said Kerala Chief Secretary K. Jayakumar, catapulting the temple into the league of India’s richest temples. The thousands of necklaces, coins and precious stones have been kept in at least five underground vaults at the Sree Padmanabhaswamy Temple which is renowned for its intricate sculptures. Apparently, devotees have been donating to the temple for centuries. Among the treasure in the find was what archeologists described to be an 18-foot necklace. Other pieces have included gold, silver, coins, and precious stones. However, the best may have been saved for last. According to the AFP, researchers are yet to have opened one secret chamber that hasn’t been opened in 140 years. The exact value of the treasure will be determined after archeologists take a closer look at the find.
Continue reading …No porn in prison? That’s against the Constitution—or so says one brazen bank robber in Michigan, who’s suing the governor and the state over Macomb Country Jail’s no-porn policy, calling it cruel and unusual punishment. In a five-page, handwritten lawsuit, the 21-year-old prisoner says not having smut creates a…
Continue reading …twilight zone marathon 2011 To Serve Man The Legend of Zelda:Twilight Princess Walkthrough Part 4 Myrticesajiju49 says: My my, you defeat this. http://bit.ly/j0K2Jd Twilight Zone #moeee #telecirco Simon Baker Twilight Zone #relationshipsendbecause #gtf Lebda
Continue reading …Call it Harry Potter and the Spurned Literary Agent of Doom . Christopher Little, the agent who discovered JK Rowling, pulling her first Harry Potter book from the slush pile and turning her into one of the world’s most successful authors, is considering suing Rowling over her newest magical venture, the…
Continue reading …Oil and mineral deals mean money and jobs, but Inuit leaders are concerned about the lack of a national debate on industrialisation and what it means for the traditional way of life “I certainly have seen the benefits that can come from [oil] royalties. Schools are better. There are swimming pools, gymnasium, cars – and jobs – all the result of billions of dollars.” Patricia Cochran, a former chair of the Inuit Circumpolar Council from Alaska, expresses the view of many indigenous people on industrial development in the Arctic. Vast oil and mineral wealth have brought huge benefits to some communities. But her own conflicted feelings about development neatly sum up the dilemma that indigenous leaders in the region face. In Barrow – Alaska’s oil capital – there are also high rates of suicide and depression, while offshore drilling is a threat to subsistence whaling and the hunting of seals and walrus, she points out. So despite the benefits, Cochran is personally quite negative about industrial development and questions the wider benefit to society. “I personally have a problem with it. I was raised in a traditional way and regard it as my job to be a steward of the land. I see this [industrialised] world of hedonism and consumption as a sign we have lost our moral compass.” And there are fears that the vast sums on offer can sometimes be too tempting. Aqqaluk Lynge, former president of the council, says the wave of money that big multinationals bring to their lobbying “overwhelms” local community organisations. “We have questions about how the democratic process is gone about and how decisions are reached,” he said. “How can we survive as a people under the pressure that comes from oil companies whose daily income can be higher than our annual budget? “Arctic people themselves must have the time to look into [proposed industrial projects] to ensure we are not risking losing our country, self-rule or livelihoods.” Lynge, a continuing activist based in Nuuk, the capital of Greenland, is most concerned about the decision by the government there to allow British-based oil explorer, Cairn Energy , to drill last summer and again this year . But he is also worried about moves by Canadian metals group, Alcoa , to try to press ahead with plans to build a massive aluminium smelter on the island. The Inuit leader accepts Greenland ministers have the democratic right to negotiate and to reach agreements with companies. But he says the consultation process is still fatally undermined by the imbalance between the financial resources of Cairn and the like, compared to that available to local indigenous communities. Greenland, whose population is 80% Inuit, has recently won a measure of self-rule from its traditional colonial masters, Denmark. The new government in Nuuk is desperately keen to win complete independence and understands this is impossible while the country is dependent on financial handouts from Copenhagen. But Inuuteq Holm Olsen , Greenland deputy foreign minister, says that environmental concerns should be balanced against economics. “We welcome focus and attention on environmental issues … What we don’t welcome is the notion that there should not be any industrial development in the name of environmental protection.” Lynge says he realises that Cairn and Alcoa may offer a get-rich-quick route for Greenland and therefore a fast-track to political self-determination. But he says that rushing into oil and mineral exploitation deals risks drowning out a proper debate within the country about the pros and cons of industrialisation which could further undermine the traditional Inuit way of life based around fishing and hunting. “We don’t have the proper democratic infrastructure in place for a public hearing mechanism. So Cairn can knock on one [government] door and win agreement for their plans. This is a problem. “We are not against development in general as such but what we really want to see is sustainable development that will enable us to live in the future in the way we have for hundreds of years around fishing. We know oil and gas is not ultimately sustainable because it will run out.” Other concerns are more particular – such as where the kind of skilled workforce will come from to deal with any oil or other largescale industrial schemes. Greenland’s workforce is just 32,000 people. If large numbers of workers are brought in from outside, indigenous people risk becoming a minority. There is also a fear that big business can use its financial muscle to buy off opposition while not having its own track records fully investigated. “Propaganda can be done in simple ways. Promises to give lots of work or money to local communities: people tend to say ‘yes’ to these things without necessarily thinking them through the consequences,” said Lynge. Inuit in Canada have 40 years’ experience with oil so have found their own way of accommodating change. But even there, local leaders of indigenous people have mixed views about who is really benefiting. And overall the “community” representing indigenous people is split down the middle over the issue. Certainly the big oil companies that have been active in the seas off Alaska since the late 1980s are keen to be seen consulting local people. Robert Blaauw, the Anglo-Dutch company’s spokesman on the Arctic said: “Many coastal native communities depend on fishing and hunting of sea mammals not only for survival but also to keep alive a cultural centrepiece that has thrived for centuries. With that experience comes a deep knowledge of the Arctic environment … We continue to be humbled by what we don’t know and we are constantly looking for ways to incorporate traditional knowledge into our operations. Not just for the advancement of our project, but out of respect for those who will live off the ocean long after we are gone.” Ove Gudmestad , a professor of marine and Arctic technology at the University of Stavanger in Norway, carries out academic research which is useful to oil companies, and has travelled widely in the far north region. He believes there are practical problems and a fundamental lack of trust between indigenous people and the oil industry. “Of course it is important to take local knowledge into account, but it is hard to speak local languages. Whether it is in the US or Norway, fishermen do not trust the politicians or the NPD [ Norwegian Petroleum Directorate ] – never mind the oil companies.” Gudmestad said local people were rightly wary that they could get sucked into a legal dispute that could last for decades and for which the oil companies are far better prepared and resourced. “Just remember that in the US for every petroleum engineer being trained there are 200 lawyers,” he jokes. Lynge would like to see a more holistic look at the future for the Arctic in the light of climate change which already threatens some coastal communities with flooding and dislocation. “I don’t like the way that the debate seems to be framed around the industrial opportunities created by global warming. I would rather see a much better study about how climate change will affect fish stocks and renewable energy sources to see what we can survive on in future.” Polar regions Mining Land rights Energy Fossil fuels Oil Oil Commodities Mining Arctic Greenland Alaska United States Indigenous peoples Terry Macalister guardian.co.uk
Continue reading …Oil and mineral deals mean money and jobs, but Inuit leaders are concerned about the lack of a national debate on industrialisation and what it means for the traditional way of life “I certainly have seen the benefits that can come from [oil] royalties. Schools are better. There are swimming pools, gymnasium, cars – and jobs – all the result of billions of dollars.” Patricia Cochran, a former chair of the Inuit Circumpolar Council from Alaska, expresses the view of many indigenous people on industrial development in the Arctic. Vast oil and mineral wealth have brought huge benefits to some communities. But her own conflicted feelings about development neatly sum up the dilemma that indigenous leaders in the region face. In Barrow – Alaska’s oil capital – there are also high rates of suicide and depression, while offshore drilling is a threat to subsistence whaling and the hunting of seals and walrus, she points out. So despite the benefits, Cochran is personally quite negative about industrial development and questions the wider benefit to society. “I personally have a problem with it. I was raised in a traditional way and regard it as my job to be a steward of the land. I see this [industrialised] world of hedonism and consumption as a sign we have lost our moral compass.” And there are fears that the vast sums on offer can sometimes be too tempting. Aqqaluk Lynge, former president of the council, says the wave of money that big multinationals bring to their lobbying “overwhelms” local community organisations. “We have questions about how the democratic process is gone about and how decisions are reached,” he said. “How can we survive as a people under the pressure that comes from oil companies whose daily income can be higher than our annual budget? “Arctic people themselves must have the time to look into [proposed industrial projects] to ensure we are not risking losing our country, self-rule or livelihoods.” Lynge, a continuing activist based in Nuuk, the capital of Greenland, is most concerned about the decision by the government there to allow British-based oil explorer, Cairn Energy , to drill last summer and again this year . But he is also worried about moves by Canadian metals group, Alcoa , to try to press ahead with plans to build a massive aluminium smelter on the island. The Inuit leader accepts Greenland ministers have the democratic right to negotiate and to reach agreements with companies. But he says the consultation process is still fatally undermined by the imbalance between the financial resources of Cairn and the like, compared to that available to local indigenous communities. Greenland, whose population is 80% Inuit, has recently won a measure of self-rule from its traditional colonial masters, Denmark. The new government in Nuuk is desperately keen to win complete independence and understands this is impossible while the country is dependent on financial handouts from Copenhagen. But Inuuteq Holm Olsen , Greenland deputy foreign minister, says that environmental concerns should be balanced against economics. “We welcome focus and attention on environmental issues … What we don’t welcome is the notion that there should not be any industrial development in the name of environmental protection.” Lynge says he realises that Cairn and Alcoa may offer a get-rich-quick route for Greenland and therefore a fast-track to political self-determination. But he says that rushing into oil and mineral exploitation deals risks drowning out a proper debate within the country about the pros and cons of industrialisation which could further undermine the traditional Inuit way of life based around fishing and hunting. “We don’t have the proper democratic infrastructure in place for a public hearing mechanism. So Cairn can knock on one [government] door and win agreement for their plans. This is a problem. “We are not against development in general as such but what we really want to see is sustainable development that will enable us to live in the future in the way we have for hundreds of years around fishing. We know oil and gas is not ultimately sustainable because it will run out.” Other concerns are more particular – such as where the kind of skilled workforce will come from to deal with any oil or other largescale industrial schemes. Greenland’s workforce is just 32,000 people. If large numbers of workers are brought in from outside, indigenous people risk becoming a minority. There is also a fear that big business can use its financial muscle to buy off opposition while not having its own track records fully investigated. “Propaganda can be done in simple ways. Promises to give lots of work or money to local communities: people tend to say ‘yes’ to these things without necessarily thinking them through the consequences,” said Lynge. Inuit in Canada have 40 years’ experience with oil so have found their own way of accommodating change. But even there, local leaders of indigenous people have mixed views about who is really benefiting. And overall the “community” representing indigenous people is split down the middle over the issue. Certainly the big oil companies that have been active in the seas off Alaska since the late 1980s are keen to be seen consulting local people. Robert Blaauw, the Anglo-Dutch company’s spokesman on the Arctic said: “Many coastal native communities depend on fishing and hunting of sea mammals not only for survival but also to keep alive a cultural centrepiece that has thrived for centuries. With that experience comes a deep knowledge of the Arctic environment … We continue to be humbled by what we don’t know and we are constantly looking for ways to incorporate traditional knowledge into our operations. Not just for the advancement of our project, but out of respect for those who will live off the ocean long after we are gone.” Ove Gudmestad , a professor of marine and Arctic technology at the University of Stavanger in Norway, carries out academic research which is useful to oil companies, and has travelled widely in the far north region. He believes there are practical problems and a fundamental lack of trust between indigenous people and the oil industry. “Of course it is important to take local knowledge into account, but it is hard to speak local languages. Whether it is in the US or Norway, fishermen do not trust the politicians or the NPD [ Norwegian Petroleum Directorate ] – never mind the oil companies.” Gudmestad said local people were rightly wary that they could get sucked into a legal dispute that could last for decades and for which the oil companies are far better prepared and resourced. “Just remember that in the US for every petroleum engineer being trained there are 200 lawyers,” he jokes. Lynge would like to see a more holistic look at the future for the Arctic in the light of climate change which already threatens some coastal communities with flooding and dislocation. “I don’t like the way that the debate seems to be framed around the industrial opportunities created by global warming. I would rather see a much better study about how climate change will affect fish stocks and renewable energy sources to see what we can survive on in future.” Polar regions Mining Land rights Energy Fossil fuels Oil Oil Commodities Mining Arctic Greenland Alaska United States Indigenous peoples Terry Macalister guardian.co.uk
Continue reading …