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psiga saudade

Joined: 04 Dec 2006
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psiga saudade

Joined: 04 Dec 2006
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Posted: Tue Mar 30, 2010 2:17 am |
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http://www.alternet.org/module/printversion/146206
"...a new report from the nonpartisan Center for Public Integrity says the battle for reform has been "a bonanza" for the lobbying industry. According to the Center's analysis, "About 1,750 businesses and organizations hired about 4,525 lobbyists, total -- eight for each member of Congress -- and spent at least $1.2 billion to influence health care bills and other issues.""
"... The website Politico.com reports that the reelection campaign of Tennessee Senator Bob Corker -- who's one of the key negotiators on financial reform -- sent an e-mail to Wall Street lobbyists and others soliciting contributions of up to $10,000 for a chance to meet or grab a meal with the senator." _________________
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psiga saudade

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Posted: Wed Mar 31, 2010 4:33 am |
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A long but solid article on the current state of America's war machine. Feel free to graze; I haven't read every word of it myself. Here are some nice pullquotes though:
The amount of private military contractors deployed in Iraq and Afghanistan is rarely reported on in the US mainstream press, but a Congressional Research Service investigation into this revealed that a record high 69% active duty soldiers are in fact private mercenaries. .. each extra American soldier deployed will be at a cost of a million dollars a year, not including the added expense of training and maintaining a security force. .. “Halliburton reported $4 billion in operating profits in 2008, while KBR recently said its first quarter revenues in 2009 were up 27%, for a total of $3.2 billion. Its sales in 2008 were up 33%, and according to the Financial Times, the company had $1 billion in cash, no debt, and was looking for acquisitions.” .. As former CIA Station Chief John Stockwell explained: “Enemies are necessary for the wheels of the US military machine to turn.” .. “Until 1999 U.S. taxpayers paid the entire annual salary of every single Taliban government official.” .. In 2000, Goldman Sachs, Morgan Stanley and several oil companies “founded the InterContinental Exchange (ICE)…. ICE is an online commodities and futures marketplace. It is outside the US and operates free from the constraints of US laws. The exchange was set up to facilitate ‘dark pool’ trading in the commodities markets.”
A Congressional investigation into this exchange found that these companies were fraudulently inflating the price of oil by executing “round-trip” trades where one company would sell shares in oil to another company who would then sell the shares right back. This would drive the price of oil to however high they wanted it to go to. “No commodity ever changes hands. But when done on an exchange, these transactions send a price signal to the market and they artificially boost revenue for the company. This is nothing more than a massive fraud, pure and simple.” .. DMS Energy, when investigated by Congress, admitted that 80 percent of its trades in 2001 were ’round-trip’ trades. That means 80 percent of all of their trades that year were bogus trades where no commodity changed hands, and yet the balance sheets reflect added revenue…
Plenty of citations and good research. His opinions are a shade or three darker than mine, but if you can filter out the goods you may find it as interesting/damning as I do.
It's all just the usual human nature in echo chambers of unchecked power. If we don't find a dependable way to regulate power, it'll be abused. Duh. People aren't getting any more or less honest than they ever have been in comparable situations throughout history. Ah well.
Also worth reading up on SAIC:
SAIC has been awarded more individual government contracts than any other private company in America. The contracts number not in the dozens or scores or hundreds but in the thousands: SAIC currently holds some 9,000 active federal contracts in all. .. To get some idea of the scale: contractors absorb the taxes paid by everyone in America with incomes under $100,000. In other words, more than 90 percent of all taxpayers might as well remit everything they owe directly to SAIC or some other contractor rather than to the IRS. _________________
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psiga saudade

Joined: 04 Dec 2006
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Posted: Sat Apr 03, 2010 7:50 am |
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Oh man. This is pretty amusing. A dude wandering around Jerusalem, interviewing people in bars to get their opinion on Obama. Apparently it has been removed from YouTube, so the guy who made the video uploaded it to Veoh...and it's been removed from there too. So here it is on some place I've never seen before: http://www.indybay.org/uploads/2009/07/14/3af0eee8_liveleak.flv
It's basically Dracko's avatar. _________________
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psiga saudade

Joined: 04 Dec 2006
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psiga saudade

Joined: 04 Dec 2006
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Posted: Wed Apr 07, 2010 4:34 am |
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Passing thoughts: wouldn't it be amusing if this were part of an attempt to discredit wikileaks by getting them to make a big deal out of disinfo? An intelligence agency equivalent of I'm not touching you. I'm not touching you. I'm not touching youuuuu.
More likely, it's just some random misinformation, the spook involvement was routine investigation of a report that somebody's decrypting military intelligence, there was no actual malice intended, and it's maybe unfortunate that some people are seeing this as what it isn't.
I'm glad that wikileaks is fighting the fight, though. Growing pains of civilization.
AND NOW A JOEK ABOUT THE ISRAEL:
how many jews get into a car ? 14 ! 10 into the ashtray and 4 into the car :) _________________
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psiga saudade

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psiga saudade

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Posted: Sat Apr 17, 2010 12:23 am |
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http://www.sec.gov/news/press/2010/2010-59.htm
"Washington, D.C., April 16, 2010 — The Securities and Exchange Commission today charged Goldman, Sachs & Co. and one of its vice presidents for defrauding investors by misstating and omitting key facts about a financial product tied to subprime mortgages as the U.S. housing market was beginning to falter."
Hooray, the SEC gave me a birthday present. How very thoughtful of them! _________________
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psiga saudade

Joined: 04 Dec 2006
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Posted: Sat Apr 17, 2010 1:26 am |
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Literal indeed. Thank you! Gonna see if I can be More Productive this year than in previous years. _________________
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psiga saudade

Joined: 04 Dec 2006
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Posted: Wed Apr 21, 2010 12:39 am |
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I watched the video specifically because you said all that, shrug.
By god, it's like the linguistic equivalent of an optical illusion.
Is that the second floor, or the basement? Is it even part of the same building?
Where am I? I don't even know what the color red is anymore. _________________
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psiga saudade

Joined: 04 Dec 2006
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Posted: Wed Apr 21, 2010 12:43 am |
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It's vaguely Lovecraftian to consider. _________________
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psiga saudade

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psiga saudade

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Posted: Wed Apr 21, 2010 10:39 am |
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As one of the commentators says: "The article is WRONG. WikiLeaks states, in the very first page of text in the video, that “While some of the men appeared to be armed, the behavior of nearly everyone is relaxed”." _________________
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psiga saudade

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Posted: Thu Apr 29, 2010 1:44 pm |
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Verifiable executions, 2009:
China: Unknown (suspected to be in the thousands)
Iran: At least 389
Iraq: At least 120
Saudi Arabia: At least 69
USA: 52
Japan news: They've banned Yakuza, among other things. I hate April Fool's Day.
And the US is closing their base in Okinawa. I continue to hate April Fool's Day.
Aaand "Japan's rank in a World Economic Forum on the equality of sexes was recently lowered from 91 (out of 134) to 101."
AAaaaaaaaaaaaaaa the men's skirt fashion boom. _________________

Last edited by psiga on Fri Apr 30, 2010 1:10 am; edited 2 times in total |
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psiga saudade

Joined: 04 Dec 2006
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Posted: Fri Apr 30, 2010 1:06 am |
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Yeah, I realized this the next day. I recently set my RSS reader to sort by reverse dating, and so it didn't even occur to me that I should be vigilant for April 1st. FFffuck meeee etc. _________________
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psiga saudade

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Posted: Fri Apr 30, 2010 1:47 am |
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Amusingly the skirt thing is not a hoax. _________________
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psiga saudade

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Posted: Fri Apr 30, 2010 8:19 am |
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http://www.uq.edu.au/news/index.html?article=21034
Impressive from a Long Now perspective. Researchers have figured out how to make vaccination patches out of nanomaterials, in such a way that they use about one hundredth the amount of vaccine, obviate the need for multiple vaccinations, are painless, can be self-applied by non-professionals, don't require refrigeration, and whatever else.
This is one of those things that'll help the second and third world a hell of a lot. _________________
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psiga saudade

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Posted: Thu May 06, 2010 12:14 am |
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| Shiren the Launderer wrote: |
| We're a few decades too late to help the second world. |
Mh. There practically is no second world anymore. A bunch of developing nations have crazy good medical these days. I think Taiwan has 100% social medicine with an elaborate digital recordskeeping system so all you need is your ID card, etc.
| Quote: |
| And speaking of vaccines, PBS recently devoted a Frontline episode to the furor over vaccines. Spoiler: new age liberal moms are insane and believe they should be allowed to endanger everyone in their communities. |
Now this will definitely be helped by the patches, since patients will be exposed to 1/100th the amount of vaccine, and it can be a slow, progressive administration rather than one jab on the spot. Not sure if the patches will allow the thimerosal to be eliminated from the vaccine entirely, but that should be helped as well.
And man the vaccine scares have been goin' longer than we's been alive. http://ringnebula.com/project-censored/1976-1992/1976/1976-story25.htm _________________
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psiga saudade

Joined: 04 Dec 2006
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Posted: Thu May 06, 2010 7:22 pm |
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Ooh. The DOW just spiked really hard below 10k for a moment. This could get interesting.
Edit: Weird. One random company spiked from $40 a share to 1 penny a share and then back again, in a flash. http://www.google.com/finance?q=acn
Some people are thinking that today's interestingness is due to algorithms going haywire, rather than any particular news. I'm hoping this ain't going to be blamed on hackers or something. _________________
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psiga saudade

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Posted: Sat May 08, 2010 8:00 pm |
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Movie Studios Win Drive to Disable TV Features
May 8 (Bloomberg) -- Movie studios won U.S. permission to disable features on television equipment to prevent copying of films, clearing the way to send first-run films to consumers in their homes.
Temporarily restricting TVs and the set-top boxes used for cable service will “enable a new business model” that wouldn’t develop without such anti-piracy protection, the Federal Communications Commission said yesterday in an order. My my my, these guys are going to learn some hard lessons. _________________
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psiga saudade

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Posted: Tue May 11, 2010 5:58 am |
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Hasn't the web bot been predicting alien shit for years now? It's weird to me how seriously Clif takes that topic. The predicty machine is awesome in that it does indeed seem to forecast trends in media reportage, but Clif says himself that it just forecasts what's reported, not the truth behind what's reported. So "ALIEN WARS" memes end up being the mass lulz about how NASA decided to "bomb the moon" in order to find water; and "NON-TERRAN SECRETS REVEALED" ends up being about the guy who thought he had a moon rock but turned out to have a piece of petrified wood. Much ado over gat dam nuttin'. And yet even in light of all that, Clif is a Believer.
Makes me think of what weather reports would be like if the meteorologist believed that Greek gods were responsible for various weather conditions, and reported accordingly...
And yae, mighty Alpheus brings
his baneful wrath unto those that
dwell throughout Louisiana
OK I am just thinking out loud here. _________________
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psiga saudade

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Posted: Tue May 11, 2010 6:39 am |
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Yeah, I'm still subscribed to that youtube channel which keeps track of Clif's interviews. I do wonder about the night vision goggle thing, but apparently not enough to look into it. It sounds fishy inasmuch as the sightings sound too fantastic and too frequent.
The bot forecasts that I've seen 'come true' end up being ambiguous yet uncannily close to home in retrospect -- which is great and all, but it makes me really suspicious when Clif starts talking about details of upcoming events very specifically, since from what I've seen, it just doesn't work "very specifically." It's still more art than science, so he can't help but apply his own bias to the interpretation of the data (hence my metaphor of the mad Greek meteorologist).
I kinda wish he'd be more earnest about that facet of things. I struggle to tell how much of his banter is about forecast data and how much of it is merely him getting a chance to wag chin at some radio hosts for a while. _________________
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psiga saudade

Joined: 04 Dec 2006
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Posted: Tue May 11, 2010 6:47 am |
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| Mr. Mechanical wrote: |
| Oh btw, seems other people might be paying attention to their work as well. Like, say, Google. |
Hm."In computing the momentum value, we take into account the volume of news around an entity or event, as well as what sources it is mentioned in, what other events and entities it is mentioned together with, and several other factors." Unless the "several other factors" are those broad archetypal linguistic shifts that Clif targets, this sounds like a more blunt instrument. The web bot supposedly does not target entities so directly. _________________
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psiga saudade

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Posted: Wed May 12, 2010 12:42 am |
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"According to human rights groups, tens of thousands of young women like Zavidova have been sterilised without their consent in the authoritarian former Soviet state of Uzbekistan." link
Oh my. _________________
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psiga saudade

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psiga saudade

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Posted: Thu Jul 29, 2010 10:17 am |
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| Mr. Mechanical wrote: |
| I do miss Psiga and his posts on cool new world-saving technologies. And as Cuba said America is still a major world superpower (for a little while longer yet) so it's kind of difficult to escape America's influence on the rest of the world (and vice versa). |
Hawwo. Re: the US-centricism of news, I think this TED presentation is very very nice: http://www.youtube.com/watch?v=6Ly7Btx0Stg
Neverminding my RSS reader with too many subscriptions in it, here now are three of my favorite smart-human-powered aggregators which help to soften the focus on USA USA USA, at least a little bit:
Macroeconomic affairs: LEAP 2020
Europe-based international finance research organization. Smart. How smart? This smart: "It is a geopolitical, as much as an economic, financial and monetary approach which led LEAP, in February 2006, to announce the imminent arrival of what we have called « the global systemic crisis »."
Human affairs: The Browser
I never try to read all of the articles -- but just the excerpts are often enough to make me nod thoughtfully. Example: "People who behave morally don’t generally do it because they have greater knowledge; they do it because they have a greater sensitivity to other people’s points of view." Having spent the past couple of days interacting with my empathy-impaired sociopathic cousin, I lament the state of her prefrontal cortex, and earnestly concur with that statement.
Technological affairs: Hacker News
Most of the one-liner topic titles will be of no interest to you, but those that are may be very interesting indeed. Best topics will have sprawling vote-ordered conversations in them. From a link about How telling people the facts may not cause them to change what they believe, one of the commentators said: "As Thomas Paine pointed out -- not the religious person by any means! -- a man who has a king for a tyrant knows who oppresses him. But a man who is a serf to a complex system of bureaucrats is just as oppressed, only he has nobody to point a finger at."
Between the three of them, you could easily kiss goodbye multiple hours of your day, and kiss hello an oracle of information that's been curated sagaciously enough to evoke a sense of pity for every generation of humanity that came before us.
...Or maybe that's just me.
Either way, I love how frequently they stir up those oho moments, where some smart bastard puts to words a thing that has been formlessly swirling in my head for a while. (A bit different from the aha of finding those words myself, but gratifying nonetheless, and they often go on to be edifying above and beyond whatever understanding I had up to that point.)
blahblahblah OK I'm going away again now. I am well; hope you all are too. _________________
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psiga saudade

Joined: 04 Dec 2006
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Posted: Thu Jul 29, 2010 5:58 pm |
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| Toto wrote: |
| So all your renewable energy news is from Hacker News, psiga? |
Nope! A lot of that fringe stuff comes from another place entirely. I have been reluctant to link it for years, for reasons that will soon become obvious, but it's so fascinating that I really should now.
The guy who runs the site is kooky and I often do not agree with his personal views, but he dutifully collects links that you don't find anywhere else. He's been at it since ye olde BBS days, and has no RSS feed, so to get to the news you will have to go to his embarrassingly dumb and old looking web page, and manually scroll past the animated gifs, embedded twitter litterbox, pithy quotes, and so on.
At least he seems to have removed that one banner advertising an ebook which purports to teach people how to become invisible.
That's nice.
Eyes wide open? Bullshit detectors at the ready?
Welcome to motherfucking minus world:
 _________________
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psiga saudade

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Posted: Thu Jul 29, 2010 6:53 pm |
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Next Big Future is also worth a look as well. I haven't been keeping up with this one as much as I probably should.
"Position and momentum can be predicted more precisely than Heisenberg's Uncertainty Principle and Provide a Measurement of Entanglement"
"Progress in Reverse Engineering Brains with Detailed Macaque Monkey Brain Map"
Such good stuff.
Not enough hours in a day! Info overload = inevitable. Beware, beware.
OK, I'ma go to sleep. Everyone have fun. _________________
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psiga saudade

Joined: 04 Dec 2006
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Posted: Sat Aug 28, 2010 5:27 pm |
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Yahoo! NEWS
TRENDING NOW:
* blockbuster
* glenn beck
* iran
* britney spears
* mars hoax
* paris hilton
Fuck you, mediocre people. _________________
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psiga saudade

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Posted: Sat Aug 28, 2010 7:02 pm |
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Apparently, from the twenty seconds I spent skimming the link (as I said the same thing you did), there is a recent email hoax going around that some day soon you will be able to see Mars in the night sky, appearing roughly the size of the moon.
As for the rest, I am not looking at the links but I'm pretty sure I can guess:
* Paris is being sued for thirty million dollars by a hair extension company (she violated a contract with them).
* Blockbuster is probably going bankrupt soon (and I am surprised at how happy this makes me).
* Glenn Beck is [insert new court jester skit to distract people].
* Iran has started its first nuke power plant (and it appears to be fully legit).
* Britters I think got Japan riled up after a photo shoot where she dressed like a sexy schoolgirl (of the 8 year old variety). _________________
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psiga saudade

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psiga saudade

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Posted: Sun Aug 29, 2010 9:09 pm |
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I noticed in my RSS feed today that Ambrose Evans-Pritchard (one of the few basically-trustworthy economists) has finally gotten on board with the idea of thorium reactors. http://www.telegraph.co.uk/finance/comment/7970619/Obama-could-kill-fossil-fuels-overnight-with-a-nuclear-dash-for-thorium.html
As is typical, Karl Denninger (my A#1 favorite source of economics intel right now) talked about it months sooner, in greater technical detail, and with much more bile. http://market-ticker.org/cgi-mt/akcs-www?archived-post=2385-Energy-Are-You-A-Pig-And-A-Bigot.html
Since I don't think I've mentioned thorium reactors in this thread, I might as well now. Although, looking back in my RSS reader, the first thorium-related item that I ever hit the Share button for is here: http://nextbigfuture.com/2008/03/large-reserves-of-thorium.html
Take-away quote: "Thorium Power, Inc. has told me that they already have the technology to “switch over” from uranium to thorium more than 60% of the reactors in use today in the world."
"They said that a switched over or built from the ground up thorium powered reactor has for the “blanket” a total of three times the life of a uranium powered reactor. This would mean that the savings during the first fuel cycles will pay for the changeover in the case of a “retrofit.” The core can be used to burn fissionable grade plutonium to non weapons grade material while the blanket will be made from thorium and uranium-233, not 238, so that no weapons grade plutonium-239 can be produced in the reactor." Sounding good? There's this too: http://environment.change.org/blog/view/thorium_nuclear_energys_clean_little_secret "Let's review some of the key benefits of thorium. It's abundant (because we've never used any of it); it doesn't require the costly and time-intensive refining process important for uranium, and the waste it produces becomes inert in one hundred years as opposed to hundreds of thousands of years. It's nearly impossible for terrorists to manipulate for weapons production. There's more: the annual fuel cost for a one gigawatt thorium reactor is approximately six hundred times lower than that of a uranium reactor, which requires 250 times more of the raw element." Let's see how long it takes for thorium to catch on. I'm a little bit heartened that the senator in my own state is co-supporting it with an opposition-party senator one state over. Now we just need the dashing halfbreed upstairs to be a hero. _________________
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psiga saudade

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Posted: Sun Aug 29, 2010 11:15 pm |
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GMTA. Was going to post that very link a day or so back, but told myself to shut up and go find something better to do than inflict that long (but interesting) read on busy people. It is a good piece, though; best write-up on the Koch empire that I've seen yet.
Nutshell: The Koch brothers are like a modern day Rockefeller, and they seem to have fully embraced lying, keeping nasty things secret, and lovingly supporting the neoconservative movement. _________________
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psiga saudade

Joined: 04 Dec 2006
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Posted: Tue Aug 31, 2010 9:57 am |
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Addendum to my post about thorium reactors: My good man Karl Denninger also noticed that Ambrose Evans-Pritchard was a bit late to the party. It's funny to see AEP consistently lagging, but still at least a good 80% on point. Considering most economists who work in the mainstream media are maybe 30% on point or less, I'm amazed that AEP even has a job.
| negativedge wrote: |
| popping in this psiga-hovel to say hi to our resident apocalyptic journalist after months of brutal exile |
Yo, mang. I've actually been posting way, way less myself. Only in the last couple days have I been on an escapism streak. Welcome back, though. I hope you had a chance to listen to the Hot Stott Bot phone recordings from a while back. Fabulous. _________________
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psiga saudade

Joined: 04 Dec 2006
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Posted: Tue Aug 31, 2010 10:46 pm |
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Hey Mech, I am listening to the latest radio thing from the web bot youtube channel thing, and the host of the latest program is totally Scottish as hell. (Only a few minutes into it so far; dunno what the gist of Clif's doom-saying this time will be.)
| negativedge wrote: |
| psiga wrote: |
| negativedge wrote: |
| popping in this psiga-hovel to say hi to our resident apocalyptic journalist after months of brutal exile |
Yo, mang. I've actually been posting way, way less myself. Only in the last couple days have I been on an escapism streak. Welcome back, though. I hope you had a chance to listen to the Hot Stott Bot phone recordings from a while back. Fabulous. |
I have only heard of them. I expressed the appropriate amount of awe and both cheered bott's gusto and lamented his departure :( |
Boom: http://selectbutton.net/misc/bot/ _________________
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psiga saudade

Joined: 04 Dec 2006
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Posted: Tue Aug 31, 2010 11:25 pm |
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You're probably better off than LW, anyway. He's doing school too, but due to not-enough-cars in the household, he has to be dropped off at the campus six hours before his first class.
WEB BOT UPDATE:
I am one and one half video into this interview, and already he's going on about how the child-burning pagan lizard people running our country are disturbing the time stuff such that it escapes out like mosquitoes and you will experience less time even though it will feel like more time has passed. "If that makes sense."
And then his call cuts in and out (again), because apparently the spooky moon people have special wire tapping gear that makes it incredibly obvious that they're listening to your calls.
"What we'll do, guys, is we'll take a wee song break, and we'll be back in just a wee second." *cue Black Velvet*
Edit: He blames his addiction to caffeine on The Powers That Be. _________________
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psiga saudade

Joined: 04 Dec 2006
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Posted: Wed Sep 01, 2010 10:40 am |
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(Apologies to Toups; I'll gladly remove the link and/or not feel slighted if you edit it out.)
| negativedge wrote: |
| His project is interesting and maybe worthwhile, but he is not the man for the job. |
Agreed.
| Mr. Mechanical wrote: |
Didn't he mention at one point that he was mostly "self-educated"?
What happened to this guy. He used to sound somewhat believable and not full blown crazy. Thought I have to say, people like Clif are a large part of what I love about the internet. |
He has mentioned being self-educated before, though I dunno if he's said it in this interview yet. Will probably finish listening to it in the background while skimming RSS feeds (which is pretty much why I've kept up with his other interviews lately anyway).
And yeah, the off-deep-end banter has cranked up significantly this year. His color commentary is marring the useful data.
From what I understand, the project has an uncanny ability to detect certain key words that will show up in the media at some point in the actual future. So when it spat out data implying 'extraterrestrial wars' and 'bombing the moon', he apparently interpreted that to mean that the moon is hollow and we are at war with the moon lizards. Oh good. So then the future arrives, and yes indeed the news wire lights up about launching a kinetic charge to bomb the moon. And it's no big deal.
So that's 1 point in favor of the web bot, and -1 point for Clif's commentary.
Without digging up links to everything (such as the 'disappearing people meme' of the Air France flight, the 'disappearing minion of The Powers That Be, who would disappear but not for the reason that people would think at first' {and indeed, a politician went missing for a week, media said he went camping, but in actuality he was seeing a mistress out of country}, the 'mountains falling' financial market collapse in '08, the 'oil volcano' this year that turned out to be the Gulf spill), we keep getting little instances where the bot's data is eerily correct, but Clif interprets the data incorrectly.
And this is where I get uncomfortable, since the hard data currently forecasts a silencing of internet data in a couple of years, then a resumption at 1/1000th the activity that we consider normal. Since that 'data gap' is pre-commentary, I can't write it off the way I can write off what he says about it. Oh boy. _________________
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psiga saudade

Joined: 04 Dec 2006
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Posted: Thu Sep 02, 2010 9:04 pm |
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| P1d40n3 wrote: |
| http://www.theatlantic.com/politics/archive/2010/09/why-the-stimulus-ran-out-of-steam/62395/ |
Denninger spoke of this topic a couple months ago. If you'd like to know why we're not getting out of this even after we get the next stimulus package (which indeed we probably will get), here's something worth reading: http://market-ticker.org/cgi-mt/akcs-www?archived-post=2489-Krugmans-Insanity,-And-The-Hard-Mathematical-Truth.html
As is usual for him, he blathers on for too many paragraphs. Gist of it is that stimulus at this point only serves to bolster consumer confidence, in the "con game" sense of confidence. The fed is encouraging the gov to not realize losses, and instead borrow money (at interest) to give away (mostly to banks) as stimulus, in hopes that the banks will lend the money to the plebs (also at interest). They're dreaming that if America gets its engines fired up, we'll be able to make so much GDP that we'll be able to start paying back all of that nasty structural debt. But...
"In this case we're now to the point where restoring fiscal balance across the credit system requires a roughly 60% contraction in both outstanding credit and the size of the Federal Government (in terms of dollars.) That in turn will contract GDP by 40%.
I understand this sort of prescription is considered politically unacceptable.
But math doesn't care about politics. It simply accumulates more damage, day by day, until we accept the math - and the truth. The gap has reached a size that is mathematically impossible to grow out of through expansion of GDP." Denny-boy just writes and writes about this... http://market-ticker.org/cgi-mt/akcs-www?archived-post=2572-How-Did-The-Word-Ponzi-Get-Into-The-MSM.html
"(Incidentally, if we don't cut this crap out right now the correction will be worse than 40%. Thus far, from the above graph, it's 9.7% + 11.6% + 12.35% - compounded, or 37.67%, and that's just the distortions from the last three years. The longer we let this go on the worse it will be - there is no way around the mathematics of this.)
Markets eventually suss out the truth. The heroin high of credit expansion always feels real good at the time you take up the new credit, but the compound annualized growth rate of DEBT in the system, not including the off-balance-sheet Federal programs, has been 8.78% since 1953!" Oopsie. Of course you won't hear much of that from the mainstream guys, for some reason. You know the guys: the ones who said that there was no bubble, and that there was no recession after the bubble burst, and that this recession wasn't so tough since there were totally some green shoots over there? Those guys.
Unsurprising, considering we exist in a system that calls "repaying mortgages, car loans, and credit card bills" a form of "personal savings." All spades are diamonds now; pass it on. _________________
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psiga saudade

Joined: 04 Dec 2006
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Posted: Fri Sep 03, 2010 4:00 pm |
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Hey Adi! Let's see if I can formulate this well enough... Feel free to ask for clarification if I don't say things rightly.
Web Bot trawls through the internet, scooping up the vocabularies that people are using to communicate. Clif originally hoped that it'd be able to tell, from shifts in linguistic choices, how tense people were becoming in relation to certain companies/stocks, and that perhaps this would indicate future trends. It didn't turn out to work so well for stocks (apparently it gets tripped up on numerical figures a lot), although it worked really well at forecasting linguistically novel events of certain magnitudes of interest, that would show up in the news at specific times in the future. Everything else is loose... It can tell you the latitude of an event, but not tell you whether it's northern or southern hemisphere. It can tell you what might happen when, but not give you a figure of that event's probability. Weird foibles like that.
Since it's pretty much just Clif doing the design work, and his buddy Igor handling back-end stuff, I get the impression that these 'foibles' could be worked out if we had, say, teams of Google-quality engineers, or quant trading engineers or something, working on it.
I'm not sure if it can ever be used to forecast the actual "true" future, though. It forecasts what the news will be -- and if the news is a fabrication or mistake, yet people are talking about it anyway, then that's what will show up in the forecasts.
Anyway, the ~HOMG TWENTYTWELVE~ situation seems to be that Clif is detecting a 'data gap' coming up soon. This implies no internet chatter about any news events. When the gap closes and chatter resumes, it resumes at around one one-thousandth the magnitude that it is today. This implies ???
That's where we're at, and where Clif's color commentary starts getting in the way. I'll post more after I take a break... _________________
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psiga saudade

Joined: 04 Dec 2006
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Posted: Fri Sep 03, 2010 5:14 pm |
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Alright. So, the reason why we are concerned about the data gap is that the magnitude of chatter seems to be a more objective thing to measure than the content. If we get a flatline of chatter, or a 1/1,000th reduction in chatter, then that implies the internet is down.
And again, Clif's commentary is getting in the way. Instead of being like a weather man, he thinks he's on the talkshow circuit. Now maybe that's just because I only hear him speak about this stuff when he is on the talkshow circuit, and if I wanted the straight data, all I have to do is buy the latest ALTA reports or whatever. As it stands, he is telling it like the lizard people are going to fly to the hollow moon while most of humanity perishes in a pole flip. Not really buying that, sorry.
Near as I can tell, there is a chance that we'll get some solar EMP storms which will fuck all sorts of shit out of our tech infrastructure. How good is that chance? Dunno. What should we do about it? Dunno.
Anything more I say would just dip into conjecture territory, so I'll leave it at that. _________________

Last edited by psiga on Fri Sep 03, 2010 5:28 pm; edited 1 time in total |
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psiga saudade

Joined: 04 Dec 2006
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Posted: Fri Sep 03, 2010 5:30 pm |
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Ah, very good point, actually. I don't think he has addressed how exactly he determines the volume of future chatter.
If it were simply picking up fears about censorship, then indeed that language would be showing up. The gap is implying no gatherable data at all, for some reason. Does it just mean that the bot is unable to access the data for a while, due to some sort of surprise international firewalling project that we haven't heard anything about yet? Does it mean EMPs will take out the electrical grid? Who knows. _________________
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