Torture Advocates Out From Under Their Rocks

(4 pm. – promoted by ek hornbeck)

It seems that since Osama bin Laden’s demise that the torture advocates, architects and apologists have come out of hiding and are all over the MSM touting the success of waterboarding.

Top architect and advocate, Dick Cheney, emerged from his undisclosed location to appear on Fox with Chris Wallace touting that waterboarding isn’t torture. I won’t insult our readers with the sickening video of this war criminal. You can view in the article at Think Progress.

. . . former Vice President Dick Cheney stridently defended Bush era torture programs, calling harsh interrogation tactics “the most important steps we took that kept us safe for 7 years.” He also advocated reinstating waterboarding, telling Wallace that enhanced interrogation “worked, and provided absolutely vital pieces of information.”

Cheney resurrected an old GOP talking point in insisting that waterboarding was not torture, despite testimony of people like CIA Director Leon Panetta to the contrary. “It was a good program, it was a legal program, it was not torture,” Cheney maintained.

Many former Bush administration officials have falsely credited torture tactics with leading to the raid on Osama bin Laden, but Cheney went further by insisting that torture was the key policy that has kept the country safe for a decade after the September 11th attacks.

Guest blogger Lawrence Rafferty at law professor Jonathan Turley’s site wrote that despite all the rationalization by these criminals “Torture is still Torture, and it is Still Illegal.”:

This entire week the torture enthusiasts have been back on all of the news channels exclaiming their happiness that their “enhanced interrogation techniques” worked.  Of course, they are talking about waterboarding and other methods of torture. Why are Michael Mukasey, John Yoo and other members of the George W. Bush administration once again declaring that torture is good policy and that it was successful in helping to get Osama Bin Laden?

snip

The Bush Administration officials seem to be attempting to rewrite history by claiming their illegal torture techniques aided in the search for Bin Laden.  In former Attorney Gen. Mukasey and Prof. Yoo’s cases, they are both asserting that torture is effective and that is legal.  That’s right.  According to the Torture Twins, Mukasey and Yoo, they claim that waterboarding is legal.  Although I agree that President Obama has done the country a disservice by not prosecuting the officials who authorized and carried out the torture during the Bush administration, by no means does that inaction make waterboarding legal.  I guess if the Bush apologists keep saying it enough, they hope that Americans will believe them.  Mukasey and Yoo both sold out their souls for their jobs and their President.  I hope they can sleep at night.

Not only should the Obama administration be pursuing the prosecution of CIA officers who did the torture, they should be prosecuting those who gave the orders.

Buy, Buy, Buy, Buy, Buy!

08-12-09

Tue 16 Dec 08

Negative Homeowner Equity at New High

By Theresa McCabe, The Street

05/09/11 – 12:09 PM EDT

NEW YORK (TheStreet) — Home prices in the United States dropped 3% in the first quarter of 2011, the largest decrease since 2008 when the housing market experienced its worst performance, and negative homeowner equity hit a new high, according to Zillow’s Real Estate Market Report.

Median home values fell 8.2% year over year to $169,600 and are expected to fall as much as 9% this year as foreclosures spread and unemployment remains high, Zillow Chief Economist Stan Humphries said. The U.S. unemployment rate rose to 9% in April, up from 8.8% in March, the Department of Labor reported earlier this month.

“With accelerating declines during the first quarter, it is unreasonable to expect home values to return to stability by the end of 2011,” Humphries said.

Home prices were down 29.5% from their peak in June 2006. Humphries predicts that prices won’t find a floor until 2012.

Negative equity reached a new high in the first quarter, with 28.4% of U.S. homeowners with mortgages underwater, meaning they owed more than their properties were worth. This was up from 27% in the fourth quarter of 2010.

I’ll point out that The Street is Jim Cramer’s own web site.

Punting the Pundits

Punting the Punditsis an Open Thread. It is a selection of editorials and opinions from around the news medium and the internet blogs. The intent is to provide a forum for your reactions and opinions, not just to the opinions presented, but to what ever you find important.

Thanks to ek hornbeck, click on the link and you can access all the past “Punting the Pundits”.

Glen Greenwald: U.S. Tries to Assassinate US Citizen Anwar al-Awlaki

That Barack Obama has continued the essence of the Bush/Cheney Terrorism architecture was once a provocative proposition but is now so self-evident that few dispute it (watch here as arch-neoconservative David Frum — Richard Perle’s co-author for the supreme 2004 neocon treatise — waxes admiringly about Obama’s Terrorism and foreign policies in the Muslim world and specifically its “continuity” with Bush/Cheney).  But one policy where Obama has gone further than Bush/Cheney in terms of unfettered executive authority and radical war powers is the attempt to target American citizens for assassination without a whiff of due process.  As The New York Times put it last April:

   It is extremely rare, if not unprecedented, for an American to be approved for targeted killing, officials said.  A former senior legal official in the administration of George W. Bush said he did not know of any American who was approved for targeted killing under the former president. . . .

That Obama was compiling a hit list of American citizens was first revealed in January of last year when The Washington Post‘s Dana Priest mentioned in passing at the end of a long article that at least four American citizens had been approved for assassinations; several months later, the Obama administration anonymously confirmed to both the NYT and the Post that American-born, U.S. citizen Anwar al-Awlaki was one of the Americans on the hit list.

Ross Douthat: Whose Foreign Policy Is It?

I have never agreed with anything this man has written until now

For those with eyes to see, the daylight between the foreign policies of George W. Bush and Barack Obama has been shrinking ever since the current president took the oath of office. But last week made it official: When the story of America’s post-9/11 wars is written, historians will be obliged to assess the two administrations together, and pass judgment on the Bush-Obama era.

The death of Osama bin Laden, in a raid that operationalized Bush’s famous “dead or alive” dictum, offered the most visible proof of this continuity. But the more important evidence of the Bush-Obama convergence lay elsewhere, in developments from last week that didn’t merit screaming headlines, because they seemed routine rather than remarkable.

One was NATO’s ongoing bombing campaign in Libya, which now barely even pretends to be confined to humanitarian objectives, or to be bound by the letter of the United Nations resolution. Another was Friday’s Predator strike inside Pakistan’s tribal regions, which killed a group of suspected militants while the world’s attention was still fixed on Bin Laden’s final hours. Another was the American missile that just missed killing Anwar al-Awlaki, an American-born cleric who has emerged as a key recruiter for Al Qaeda’s Yemen affiliate.

Imagine, for a moment, that these were George W. Bush’s policies at work.

John Nichols: How Town Hall Protests Against Paul Ryan’s Plan Changed the Medicare Debate

Paul Ryan claims the protests heard so very loud and clear during the House Budget Committee chair’s town hall meetings in April had no influence on his thinking about Medicare.

Perhaps Ryan really does have a tin ear.

But the outcry over his plan to mess with Medicare, heard in Wisconsin communities from Milton to Kenosha, and at spring recess sessions in the districts of Republican freshmen from Pennsylvania to Florida, obviously influenced other Republicans.

Images from Kenosha – a historic factory town in Ryan’s district, where hundreds of people showed up to criticize his scheming to cut benefits for working Americans while giving billionaires and multinational corporations new tax breaks – were featured nationally on broadcast network news shows.

Cable news programs focused intense attention on the story. MSNBC’s Ed Schultz devoted much of a program last week to the outcry. (In addition to a blistering analysis of the congressman’s proposal by the host, this writer provided some on the ground reporting from Kenosha, including details of a brief interview with Ryan, who was typically dismissive of the popular discomfort with his plan.) But other networks — even Fox — at least touched on the congressman’s troubles.

The reporting was noticed in Washington where, last week, GOP leaders began almost immediately to distance themselves from Ryan’s plan to use Medicare funds to enrich the private insurance firms that have donated so generously to his campaigns.

Stephen L. Goldstein: “Shock Doctrine” Economics Ruining America

WARNING: Reading Naomi Klein’s “Shock Doctrine: The Rise of Disaster Capitalism” will disturb your sleep and haunt your waking hours. If you’re a real American, it will make you want to scream – and do something to put “the bad guys” in their place. Everyone – especially Milton-Friedman, free-market lovers like Kingsley Guy – should read “Shock.” If enough people do so, it could save the country. If they don’t, our democratic/representative government and capitalism will be permanently replaced by the un-American, corporate-socialist state that has already taken hold – and it will be our own fault.

For 50 years, laissez-faire economist Friedman and his apostles at the University of Chicago have spread a doctrine based upon “the elimination of the public sphere, total liberation for corporations and skeletal social spending,” according to Klein. Even worse is how they do it: For Friedman and his minions, widespread disasters (natural and man-made) are opportunities to make money. While victims are really or figuratively bleeding, too shocked to realize what’s happening, in cahoots with lapdog governments, they impose “deregulation, privatization, and cutbacks” on economies as the formula for recovery. Promising prosperity for all, they deliver widespread poverty and oppression.

Brent Blackwelder Obama Should Back Off Risky Nuclear Loan Guarantees

Well before the catastrophe at Fukushima began unfolding, a familiar word was heard in discussions about plans to build a new generation of reactors in this country. That word: risk.

With President Barack Obama and Congress pushing ahead with efforts to offer up federal construction loan guarantees totaling $54.5 billion, what was the risk of taxpayers getting stuck holding the bag in the event these nuclear projects defaulted? And, why should taxpayers even be expected to assume such a risk?

Before those critical questions were satisfactorily addressed, we were sadly reminded of the other definition of risk when it comes to nuclear energy. The toll of Fukushima won’t be known for years, but assuredly the cost, both human and financial, will be huge.

As public debate over nuclear safety once again flares up – with industry’s familiar assurances that “it can’t happen here” – let’s not allow the financial risks inherent in this energy choice to be overlooked.

Michelle Chen; Watchdogs Probe Labor Abuses in China’s Tech Industry

Never underestimate the power of a good public shaming. Western electronics firms were mortified in 2010 by reports of gruesome suicides of young workers in China, employed by the multinational tech giant Foxconn. Since the company runs a network of plants that churn out glistening gadgets for Apple, Dell and Hewlett Packard, the suicides scandalized tech brands that often market themselves as hip and progressive.

The months of damage control that followed led to promises to reform wages and working hours and to establish less Dickensian, more worker-friendly factory conditions. But has all that bad publicity (encapsulated most recently in a sensational theatrical production) paid off for workers?

This week watchdog groups have released a report to kickstart a global campaign to call attention to ongoing labor issues. The “Time to Bite Into a Fair Apple” campaign hopes to keep the pressure on both Chinese authorities and multinational firms to fulfill promises to make the manufacturing system more humane for hundreds of thousands of young Chinese workers.

Allison Kilkenny: NY Teachers Vow ‘Wisconsin-Style’ Protest

New York teachers are vowing to protest in the wake of Mayor Bloomberg’s plan to layoff thousands of educators.

“Mr. Mayor, it’s not going to happen, and enough is enough!” shouted Michael Mulgrew, president of the United Federation of Teachers, as he whipped up a roaring crowd at the UFT’s spring conference in midtown New York.

A ballroom-full of educators rose to their feet, clapping and chanting, “Enough is Enough.”

A surprise guest, Wisconsin State Sen. Jon Erpenbach, the man who led 13 fellow lawmakers out-of-state in order to block Gov. Scott Walker’s anti-union legislation, received a standing ovation from the crowd.

The UFT, along with many other unions, plan to draw tens of thousands of supports for the May 12 march from City Hall and other sites to Wall Street to oppose Bloomberg’s cuts and demand the big banks start paying their fair share.

Monday Business Edition

Monday Business Edition is an Open Thread

Now with 43 Stories.

From Yahoo News Business

1 Greece heads for audit after euro exit scare

by John Hadoulis, AFP

Sun May 8, 2:09 pm ET

ATHENS (AFP) – Greece heads for another audit of its battered finances this week after European officials closed ranks to quash fears of an inglorious Greek exit from the euro cited in a German online report.

A high-level team of experts from the EU, the IMF and the European Central Bank will pore over plans by the Greek government to economise some 26 billion euros over three years to help bring down the country’s enormous debt.

“The mission will begin on Tuesday,” a finance ministry source said.

AFP

2 Europe faces prospect of new Greek aid calls

by Roddy Thomson, AFP

Sat May 7, 11:26 am ET

BRUSSELS (AFP) – Europe faced the spectre of Greek calls for new financial aid Saturday as Athens’ “catastrophic” finances returned to haunt stressed eurozone states, despite efforts to prevent panic.

Greek Prime Minister Georges Papandreou on Saturday urged “the EU in particular, to leave Greece in peace to do its job,” after Finance Minister George Papaconstantinou warned at G20-eurozone talks in Luxembourg late Friday that Athens needs “breathing space.”

But both national and specialist financial media reports raised the possibility that the government may yet come calling for fresh European Union funds on top of the 110 billion euros ($160 billion) agreed a year ago.

3 Eurozone ‘mulling easier recovery terms’ for Greece

AFP

Sat May 7, 5:48 am ET

ATHENS (AFP) – Eurozone members are debating milder recovery terms for debt-hit Greece as it struggles to stick to a harsh austerity plan, Greek media said Saturday after emergency talks in Luxembourg late Friday.

The reports said Finance Minister George Papaconstantinou had flown to a “secret” meeting among G20 eurozone states that debated giving Athens more time to repay a 110-billion-euro ($157 billion) EU-IMF loan and easier deficit reduction targets.

The prospect of a repayment extension on Greek debt held by banks was also raised, the Greek reports said.

4 Coke celebrates 125 years of being ‘the real thing’

by Gregor Waschinski, AFP

Sun May 8, 4:57 pm ET

WASHINGTON (AFP) – Exactly 125 years ago an Atlanta pharmacist mixed up a cure for headache and fatigue and stumbled upon the recipe for what has become one of the world’s most recognizable drinks and brand names.

Coca-Cola is celebrating the moment when on May 8, 1886 John Pemberton made his way into American culture, creating a soft drink now sold in more than 200 countries and earning the company a place among the world’s top 100 firms.

Regular Coke, as opposed to its numerous offshoots such as Diet Coke, remains the world’s favorite soda with a whopping 17 percent market share, trouncing its rival Pepsi.

5 Speculation rife as Merkel keeps mum on ECB candidate

by Ouerdya Ait-Abdelmalek, AFP

Sun May 8, 5:56 pm ET

FRANKFURT (AFP) – German Chancellor Angela Merkel is playing her cards close to her chest on her pick for the next head of the European Central Bank, though frontrunner Mario Draghi is emerging as an acceptable choice for Berlin, analysts said.

Merkel has kept mum on the issue, although sources close to German Finance Minister Wolfgang Schaeuble have not concealed that he would prefer Draghi, the head of the Italian central bank, to be the next head of the eurozone central bank.

A former Goldman Sachs banker, Draghi would succeed Frenchman Jean-Claude Trichet whose appointment ends at the end of October, but this has never been said officially. France last week threw its support behind Draghi.

6 Brazil giant Vale opens Mozambique mine

by Johannes Myburgh, AFP

Sun May 8, 11:25 am ET

MOATIZE, Mozambique (AFP) – Brazilian mining giant Vale opened a new $1.7 billion coal mine in Mozambique on Sunday, tapping the southern African country’s thermal and coking coal reserves of around 23 billion tonnes.

Mozambican President Armando Guebuza and outgoing Vale chief Roger Agnelli opened the mine together by pressing a button that triggered an underground explosion, enabling the company to bring to the surface its first coal from the mine in Moatize, outside the city of Tete in northwest Mozambique.

As a giant smoke cloud mushroomed over the hundreds of VIP guests, a large truck brought a symbolic load to a conveyor belt and onward to a coal washing plant.

7 Europe faces up to boomerang Greek debt chaos

by Roddy Thomson, AFP

Sun May 8, 4:29 am ET

BRUSSELS (AFP) – Europe faced the spectre of Greek calls for new financial aid Saturday as Athens’ “catastrophic” finances returned to haunt stressed eurozone states.

Greek Prime Minister George Papandreou urged “the EU in particular, to leave Greece in peace to do its job”, but Finance Minister George Papaconstantinou later warned that Athens may need more hard cash support.

“We need to plan our next steps for 2012 and 2013 so that Greece can either access markets or use the European council’s recent decision that enables the European (rescue) fund to buy Greek bonds,” Papaconstantinou said, after G20-eurozone talks overnight in Luxembourg.

8 Russian-born billionaire buys Warner Music for $3.3bn

by Veronique Dupont, AFP

Sat May 7, 9:13 am ET

NEW YORK (AFP) – Russian-American billionaire Len Blavatnik’s Access Industries won a bidding war on Friday for Warner Music Group, buying the storied music company for $3.3 billion in an all-cash transaction.

The sale of Warner Music, whose artists range from current stars such as Eric Clapton and Kid Rock to legends such as Frank Sinatra and Ray Charles, comes at a challenging time for the music industry with digital piracy rampant and CD sales slumping.

It also comes amid reports that EMI Group, a Warner Music rival which is owned by Citigroup, is on the block.

9 BP cedes Arctic project to Russia partner

AFP

Fri May 6, 2:04 pm ET

LONDON (AFP) – British energy giant BP said Friday it will cede the Arctic exploration part of its tie-up with Rosneft to its Russian unit under an arbitration ruling that may see it salvage the $16 billion deal.

The announcement is a part of BP’s strategy to preserve the share swap portion of its agreement with Rosneft and thus retain its foothold in the market of the world’s largest oil producer.

But both parts of the revised agreement are subject to Rosneft’s approval and the state-held company has previously ruled out working with TNK-BP — the British firm’s much smaller and less experienced local subsidiary.

10 LVMH-backed fund hunts for emerging Asian brands

by Bernice Han, AFP

Sun May 8, 1:42 am ET

SINGAPORE (AFP) – A $650-million private equity fund backed by the world’s top luxury retailer LVMH is on the prowl for emerging Asian brands in the hope of transforming them into global names.

The L Capital Asia fund has so far spent a total of $90 million on minority stakes in two Singaporean fashion companies and a Hong Kong-listed watch and jewellery company.

It is in advanced talks with a fashion-related firm from China and another from India and hopes to make an announcement about the investments in the next few months, said Ravi Thakran, the fund’s managing partner.

Reuters

11 EU eyes lower rates for Greece, Ireland amid chaos

By John O’Donnell and Stephen Brown, Reuters

1 hr 7 mins ago

BRUSSELS/BERLIN (Reuters) – The European Union is looking to lower interest rates on bailout loans to Greece and Ireland and is working on a second rescue for Athens in a chaotic effort to prevent a disorderly debt restructuring.

The executive European Commission said on Monday it hoped to see a decision within weeks on reducing the rate charged to Ireland to make Dublin’s debt more sustainable.

“The Commission is clearly in favor of a rate cut,” a spokesman for EU Economic and Monetary Affairs Commissioner Olli Rehn said. “The Commission is against debt restructuring.”

12 Special report: What really triggered oil’s greatest rout

Reuters

Mon May 9, 2:45 am ET

NEW YORK (Reuters) – When oil prices fell below $120 a barrel in early New York trade last Thursday, a few big companies that are major oil consumers started buying around $117.

It looked like a bargain. Brent crude had been trading above $120 for a month. But the buying proved ill-timed. Crude kept on falling.

“They were down millions by the end of the day, trying to catch a falling piano,” an executive at a major New York investment bank said.

13 Barclays, HSBC hit by compensation capitulation

By Sudip Kar-Gupta, Reuters

2 hrs 40 mins ago

LONDON (Reuters) – British banks gave up a fight over compensating customers wrongly sold insurance, forcing Barclays Plc (BARC.L) and HSBC (HSBA.L) to take a combined hit of more than $2 billion in the latest blow to the industry.

Barclays said it would make a 1 billion pound ($1.6 billion) provision in the second quarter of 2011 to cover the costs related to the mis-selling of payment protection insurance (PPI), with HSBC setting aside $440 million.

British banks, already under pressure from regulators to clean up their act following the financial crisis, said they would not appeal against a ruling requiring them to pay compensation. The bill could total around 8 billion pounds.

14 Commodities’ drop curbs risk appetite

By Caroline Valetkevitch, Reuters

Sun May 8, 4:35 pm ET

NEW YORK (Reuters) – U.S. stock investors head into this week with added worries about the sustainability of the recent rally and a desire to reduce risk, as shown by the stampede out of commodities on Thursday.

Stocks also will begin to lose the support they have enjoyed from stronger-than-expected earnings, with the first-quarter reporting period nearing an end.

The drop in commodities last week spilled over into commodity-related stocks, which were among the top performers in the last two quarters.

15 Japan expected to shut nuclear plant over quake worries

By Chikako Mogi, Reuters

Mon May 9, 12:22 am ET

TOKYO (Reuters) – Japan’s third biggest power company on Monday is expected to shut a nuclear plant because of its vulnerability to a major quake, adding to concerns about electricity supplies after a giant quake and tsunami crippled another nuclear facility in March.

The expected announcement follows a call by Prime Minister Naoto Kan to close the Hamaoka plant in central Japan, about 200 km (120 miles) southwest of Tokyo, and signals a potential shift in energy policy following the worst nuclear crisis in 25 years.

Chubu Electric Power Co shares tumbled as much as 14 percent on the call by the prime minister. Chubu will hold a board meeting at 0630 GMT at which it is expected to make a final decision to close the plant, Japanese media said.

16 Internet boom 2.0 is here, starts to look bubbly

By Jenny Harris and Jennifer Rogers, Reuters

Sun May 8, 3:49 pm ET

NEW YORK (Reuters) – The tantalizing prospect of finding the next Facebook, Groupon or Twitter is driving the biggest rush of venture capital into the Internet start-up arena since dot-com mania first boomed and then fizzled more than a decade ago.

More than $5 billion of venture capital investment flowed into young web companies globally in the first four months of the year, data from Thomson Reuters Deals Intelligence shows.

Though small compared with the boom years, the sum puts 2011 on track to be the busiest in dollar terms since 2000, when more than $55 billion was deployed to back nascent technology firms.

17 Greek PM denies euro exit; says leave Greece alone

By Dina Kyriakidou and Renee Maltezou, Reuters

Sat May 7, 1:23 pm ET

ATHENS (Reuters) – Greek Prime Minister George Papandreou on Saturday denied there was even unofficial discussion over Greece quitting the euro zone and asked that his troubled country be “left alone to finish its task.”

Ministers from the euro zone’s biggest economies met in Luxembourg to discuss Greece’s debt crisis on Friday but Athens and senior EU officials denied a report by Germany’s Spiegel Online that the Greek government had raised the prospect of leaving the 17-member euro zone.

“These scenarios are borderline criminal,” Papandreou told a conference on the Ionian island of Meganisi. “No such scenario has been discussed even in our unofficial contacts…I call upon everyone in Greece and abroad, and especially in the EU, to leave Greece alone to do its job in peace.”

18 Irish government sees opportunity from Greek crisis

By Carmel Crimmins, Reuters

Sun May 8, 11:28 am ET

DUBLIN (Reuters) – Ireland’s government is watching to see what concessions it can win on its EU-IMF bailout if Greece is given a new deal to resolve its worsening debt crisis, a senior government minister said on Sunday.

“The thing I am interested in is whether there are positive implications for Ireland about dealing with the situation the Greek government now confronts,” Minister for Energy Pat Rabbitte told state broadcaster RTE.

“The Irish government intends for the duration of the programme to continue to negotiate improvements and to take advantage of developments elsewhere in the hope that there will be a multilateral approach to renegotiating (the) bailout.”

19 Goldman sees new oil rally

By Dmitry Zhdannikov and David Sheppard, Reuters

Fri May 6, 7:55 pm ET

LONDON/NEW YORK (Reuters) – Goldman Sachs, which in April predicted this week’s major correction in oil prices, said on Friday that oil could surpass its recent highs by 2012 as global oil supplies continue to tighten.

The Wall Street bank, seen as one of the most influential in commodity markets, said it did not rule out a further short-term fall after Thursday’s near record drop, especially if economic data continued to disappoint.

But the bank reaffirmed its traditional long-term bullish view of oil, helping crude to pare some of its earlier heavy losses on Friday. And it wasn’t alone: JP Morgan took the bold step of raising its oil price forecasts for this year by $10, becoming the most bullish of 27 forecasts in a Reuters poll.

20 Greece denies may quit euro

By Michele Sinner and Dina Kyriakidou, Reuters

Fri May 6, 7:45 pm ET

LUXEMBOURG/ATHENS (Reuters) – Top finance officials of the euro zone’s biggest economies met to discuss Greece’s debt crisis on Friday and Athens denied a media report that it was considering whether to leave the bloc.

Jean-Claude Juncker, head of the group of euro zone finance ministers, said the meeting in Luxembourg was attended by ministers from Germany, France, Italy and Spain. He said there was a broad discussion of Greece and other international economic issues.

Juncker denied a report in Germany’s Spiegel Online magazine that the talks were held to discuss the possibility, raised by Athens, of Greece withdrawing from the 17-member euro zone, as well as the idea of restructuring Greece’s 327 billion euro ($470 billion) sovereign debt.

21 Oil crash pits floor veterans versus computer algorithms

By David Sheppard, Emma Farge and Jonathan Spicer, Reuters

Fri May 6, 6:31 pm ET

NEW YORK (Reuters) – A day after oil prices plunged an unprecedented $12 a barrel, a New York trader sat on the steps of the dormant oil futures pit, playing a word game on his tablet computer.

Back to business as usual for floor traders, a vanishing breed in a market now dominated by machines and algorithms, a fact that some of them say worsened one of the most shocking — and baffling — trading sessions ever.

On the waterfront of Manhattan’s southern tip, veterans of the New York Mercantile Exchange’s (NYMEX) pits recounted how the crash reminded them of the heyday of the trading floor.

22 Goldman Sachs CEO Lloyd Blankfein is cordial but sniffly

By Lauren Tara LaCapra, Reuters

Fri May 6, 6:26 pm ET

JERSEY CITY, New Jersey (Reuters) – Goldman Sachs Group Inc Chief Executive Lloyd Blankfein was in good spirits on Friday at his firm’s annual meeting, despite battling some testy shareholders and what seemed to be a cold.

The Wall Street chieftain sipped water and blew his nose through the two-hour proceedings, and declined to shake one investor’s hand after the meeting for fear of spreading germs.

But while Blankfein might have preferred chicken soup over the continental breakfast on display, his demeanor remained strong and, some might say, resilient.

23 In commodity rout, more traders getting in than out

By Lisa Shumaker, Reuters

Fri May 6, 6:22 pm ET

CHICAGO (Reuters) – When commodities melt down as abruptly as they did on Thursday, the first assumption is that big investors dumped massive long positions.

This time around, that doesn’t seem to be whole story, or even the right one. Exchange data shows that not all traders were running for the doors; some added to positions, many betting on more losses rather than locking in profits.

In the hardest hit markets — oil and silver — the number of bets on the market rose even as prices crashed. Because oil dwarfs the rest of the commodities, the rise in the number of bets on oil was enough to drive up the notional value of all commodities markets even though crude fell 9 percent in price.

24 Berkshire Hathaway profit falls on Japan quake

By Ben Berkowitz, Reuters

Fri May 6, 6:13 pm ET

NEW YORK (Reuters) – Warren Buffett’s conglomerate Berkshire Hathaway Inc reported a smaller profit for the first quarter, as reinsurance losses from the March 11 earthquake in Japan dragged down results.

But the company’s quarterly report made no mention at all of David Sokol, the former Berkshire executive whose sudden resignation at the end of the quarter created a scandal for Berkshire and prompted an SEC probe.

Buffett preannounced quarterly results at last Saturday’s annual meeting of Berkshire, the ice-cream-to-insurance giant the world’s third-richest man controls.

25 JPMorgan in talks with SEC to resolve probe

By Joe Rauch and Tom Hals, Reuters

Fri May 6, 5:42 pm ET

CHARLOTTE, N.C./WILMINGTON, Delaware (Reuters) – JPMorgan Chase & Co is in advanced talks with U.S. regulators to resolve a probe into its role in selling subprime mortgage-backed bonds in 2007, a case that highlights a rare misstep by Chief Executive Jamie Dimon.

JPMorgan disclosed in a regulatory filing on Friday that it was in talks with the U.S. Securities and Exchange Commission to resolve the probe, which a source familiar with the situation said was about the bank’s dealings with hedge fund Magnetar over the creation of collateralized debt obligations (CDOs).

The second-largest U.S. bank by assets, and its chief executive, have avoided much of the mortgage controversy that has dogged competitors such as Goldman Sachs Group Inc, Bank of America Corp and Wells Fargo & Co over the financial crisis.

26 Fed officials show in no rush to scale back stimulus

By Leah Schnurr, Reuters

Fri May 6, 4:38 pm ET

NEW YORK (Reuters) – Two Federal Reserve officials on Friday stressed there will be no rush to roll back the U.S. central bank’s super-easy monetary policy with the labor market still healing and inflation expectations largely in check.

William Dudley, head of the New York Federal Reserve Bank and one of the Fed’s most powerful policy makers, said the U.S. labor market is improving but the economy still has a “considerable way to go” before returning to health.

Earlier on Friday, data showed U.S. payrolls grew by a more-than-expected 244,000 jobs in April.

27 High-frequency aura lifts year after "flash crash"

By Herbert Lash, Reuters

Fri May 6, 2:38 pm ET

NEW YORK (Reuters) – Regulators are moving to lift a veil of secrecy over a key constituency on Wall Street a year after the “flash crash,” but how much disclosure should be required of high-frequency traders remains an open question.

One proposal to boost market transparency, rooted in the Black Monday crash of 1987 when the Dow plunged more than 22 percent in the largest, single-day drop in U.S. history, is pending and would be a key tool for regulators.

But the creation of a large trader reporting system still has not passed a year after the idea got preliminary, unanimous approval by the Securities and Exchange Commission, which was supposed to vote again after 60 days and public comment.

28 Citi seeks shares’ past glory with reverse split

By Maria Aspan, Reuters

Fri May 6, 2:30 pm ET

NEW YORK (Reuters) – Citigroup Inc (C.N), which needed $45 billion in U.S. government handouts to survive the financial crisis, is about to paper over a visible remnant of its near-failure: its single-digit share price.

Shares of Citigroup, the third-largest U.S. bank by assets, will start trading on Monday at around $45 each for the first time since October 2007, as a result of a 1-for-10 reverse split. The shares changed hands at $4.52 on Friday afternoon.

The maneuver will let Citigroup start paying shareholders a nominal dividend — with its regulator’s blessing.

29 Downturn hands Glencore investors pricing power

By Sinead Cruise and Cecilia Valente, Reuters

Fri May 6, 11:48 am ET

LONDON (Reuters) – European mutual fund managers sense an opportunity to drive down the price of Glencore International’s (GLEN.UL) bumper $11 billion listing, as fears of slowing global economic growth rattles commodity markets.

The Reuters-Jefferies CRB index, a benchmark for commodities prices, is on course for its biggest weekly plunge since July 2008 as Glencore’s top brass begin a roadshow aimed at charming investors, some of whom remain skeptical about the Swiss trader’s corporate governance and its motivations for listing.

Glencore, the world’s largest diversified commodities trader, has already lined up buyers for all of the shares in its planned float. Part of that success is due to the relatively small stake in the company being placed with funds, and also due to Glencore’s size, which makes is a must-buy for many.

AP

30 EU considers more help for bailed-out Greece

By PAN PYLAS and GABRIELE STEINHAUSER, AP Business Writers

31 mins ago

LONDON – European authorities have conceded they may need to do more to help Greece with its massive debts more than a year after it was first bailed out, but robustly denied the country wanted to leave the common currency.

Experts from the European Union and the International Monetary Fund are in Greece to check up on economic reforms promised in return for euro110 billion ($160 billion) in rescue loans last year. They will also examine whether the current program will be enough to allow Athens to stand on its own feet again when the loans run out in 2013 – a scenario most investors think unlikely.

After a top European official said over the weekend that Greece needs another program, the experts’ conclusions may give the green light to another rescue loan or an easing in its current terms.

31 Japan nuclear plant closing while seawall is built

By TOMOKO A. HOSAKA, Associated Press

1 hr 22 mins ago

TOKYO – A Japanese utility agreed Monday to shutter three nuclear reactors at a coastal power plant while it builds a seawall and improves other tsunami defenses there.

Chubu Electric Power Co. acted at a special board meeting after Prime Minister Naoto Kan requested the temporary shutdown at the Hamaoka plant amid concerns an earthquake magnitude 8.0 or higher could strike the central Japanese region sometime within 30 years.

The government’s decision came after evaluating Japan’s 54 reactors for quake and tsunami vulnerability after the March 11 disasters that crippled the Fukushima Dai-ichi nuclear plant in northeast Japan.

32 Softbank reports robust earnings on smartphones

By YURI KAGEYAMA, AP Business Writer

Mon May 9, 5:37 am ET

TOKYO – Softbank Corp., the only Japanese mobile carrier offering the hit iPhone, said annual profit nearly doubled despite suffering damage from the March 11 quake and tsunami that battered northeastern Japan.

Softbank, which did not break down quarterly numbers, reported Monday that profit for the fiscal year ended March 31 swelled to 189.71 billion yen ($2.37 billion) from 96.72 billion yen the previous year.

It said the increase was driven by a booming smart phone business that offset a special loss of 14 billion yen ($175 million) caused by the disasters.

33 Schools may ban chocolate milk over added sugar

By CHRISTINA HOAG, Associated Press

Mon May 9, 3:18 am ET

LOS ANGELES – Chocolate milk has long been seen as the spoonful of sugar that makes the medicine go down, but the nation’s childhood obesity epidemic has a growing number of people wondering whether that’s wise.

With schools under increasing pressure to offer healthier food, the staple on children’s cafeteria trays has come under attack over the very ingredient that made it so popular – sugar.

Some school districts have gone as far as prohibiting flavored milk, and Florida considered a statewide ban in schools. Other districts have sought a middle ground by replacing flavored milks containing high-fructose corn syrup with versions containing sugar, which some see as a more natural sweetener.

34 Why junk bond rally should be cheered – and feared

By BERNARD CONDON, AP Business Writer

Sun May 8, 2:24 pm ET

NEW YORK – Here’s a markets riddle for you: What has jumped in value more than its biggest fans expected and withstood worries like slowing U.S. growth, European debt woes and even the specter of the U.S. losing its top credit rating?

No, it’s not the stock market.

Stumped? It’s junk bonds, a sort of IOU from risky companies thought most likely to not pay back their debt.

35 Thai, Cambodian PMs fail to resolve border dispute

By NINIEK KARMINI, Associated Press

Sun May 8, 11:12 pm ET

JAKARTA, Indonesia – Southeast Asian leaders failed to find a solution to a deadly border dispute between Thailand and Cambodia that could undermine peace and stability in the region as it pushes for economic integration.

The prime ministers of the two feuding nations held talks Sunday – mediated by Indonesia’s president – as part of efforts to hammer out a lasting cease-fire.

But neither seemed in any mood to back down.

36 Shortages choke Tripoli as sanctions take hold

By DIAA HADID, Associated Press

Sun May 8, 10:43 pm ET

TRIPOLI, Libya – Cars sat abandoned in miles-long fuel lines, motorists traded angry screams with soldiers guarding gas stations, and many shops were closed Sunday on what should have been a work day.

In ever-multiplying ways, residents in the Libyan capital are feeling the sting of shortages from uprising-related disruptions of supplies.

The shortages are a dramatic sign of how Libya’s nearly 3-month-old rebellion – and the resulting chaos – is affecting daily life in Moammar Gadhafi’s stronghold and other western areas of Libya still under his rule. International sanctions have begun to bite, many supply routes are unstable, and there are shortages of skilled people in some sectors to keep the city running smoothly.

37 Ecuador ballot gets modest voter nod

By GONZALO SOLANO, Associated Press

Sun May 8, 4:56 pm ET

QUITO, Ecuador – Ten ballot questions devised by leftist President Rafael Correa in what his opponents call a blatant power grab all appeared headed for victory Sunday, albeit by modest and even slim margins.

Some ballot questions were simple, such as those that would ban bullfighting and gambling. Others were complex. Two of the most controversial would bar owners of news media from having other commercial interests and create a government media oversight panel.

Many who voted “yes” for the measures said they did so out of esteem for Correa’s government.

38 Bahrain’s king orders end to emergency law

By BRIAN MURPHY, Associated Press

Sun May 8, 2:02 pm ET

DUBAI, United Arab Emirates – Bahrain’s king set a fast-track timetable to end martial law-style rule Sunday in a bid to display confidence that authorities have smothered a pro-reform uprising even as rights groups denounced the hard-line measures.

The announcement to lift emergency rule two-weeks early on June 1 came just hours after the start of a closed-door trial accusing activists of plotting to overthrow the Gulf state’s rulers.

The decision appears part of Bahrain’s aggressive international campaign to reassure financial markets and win back high-profile events. They include the coveted Formula One grand prix that was canceled in March amid deadly clashes and protests by the country’s majority Shiites, who are seeking greater rights and freedoms.

39 More confident China confronts US in latest talks

By MARTIN CRUTSINGER, AP Economics Writer

Sun May 8, 1:31 pm ET

WASHINGTON – Five years and one financial crisis since the United States and China commenced regular high-level economic talks, fast-growing Beijing might have the upper hand this week in the latest round of discussions between the world’s two biggest economies.

China faces threats of penalties against goods shipped to its largest foreign market unless it does more to end what U.S. manufacturers say are unfair trade practices, including currency manipulation, that have cost American jobs.

At the same time, America’s biggest foreign creditor wants assurances that its $1.2 trillion in U.S. Treasury holdings are safe despite uncertainty in Washington over how much money the U.S. can borrow to pay its bills. If Congress fails to increase that borrowing limit before August, that probably would send interest rates soaring and reduce the value of those Chinese investments.

40 Gas prices expected to drop 50 cents by summer

By CHRIS KAHN, AP Energy Writer

Sun May 8, 3:06 am ET

NEW YORK – Some relief from suffocating gas prices will likely arrive just in time for summer vacation. Expect a drop of nearly 50 cents as early as June, analysts say.

After rocketing up 91 cents since January, including 44 straight days of increases, the national average this past week stopped just shy of $4 a gallon and has retreated to under $3.98. A steady decline is expected to follow.

It might not be enough to evoke cheers from people who recall gas stations charging less than $3 a gallon last year. But it would still ease the burden on drivers. And it might help lift consumer spending, which powers about 70 percent of the economy. A 50-cent drop in prices would save U.S. drivers about $189 million a day.

41 More evacuations in Memphis as Mississippi rises

By ADRIAN SAINZ, Associated Press

Sun May 8, 7:10 pm ET

MEMPHIS, Tennessee – The swollen Mississippi River has swamped houses in Memphis and threatens to consume many more, but its rise has been slow enough that some people were clinging to their normal lives just a bit longer. That much was clear Sunday from an unexpected smell – barbecue – in a neighborhood that already lost three houses.

With the river just feet from her single-story home, Shirley Woods had the grill going in the backyard, cooking ribs, pork chops, chicken and hot dogs. She was getting ready to make potato salad.

When she woke up at first light, she was prepared to leave if the Mississippi had gotten high enough, but she decided she had time to at least celebrate Mother’s Day here with relatives.

42 Automatic budget cuts have spotty record

By ALAN FRAM, Associated Press

Sat May 7, 5:10 pm ET

WASHINGTON – Congress and President Barack Obama are proposing ways to automatically trigger budget savings if they can’t rein in deficits the old-fashioned way, by enacting laws to cut spending or raise taxes. Similar efforts in the past have a spotty record.

The last quarter-century has seen plenty of missed deficit and spending targets and inventive evasions of budget curbs. This is because the same legislators who put in place those budget constraints can pass laws to ignore them.

That history has convinced analysts that automatic triggers work best when lawmakers already have approved spending cuts, taxes increases or both. They’re least effective when used as an incentive to force legislators into such agreements in the first place.

43 Is new Warner Music buyer a sucker or savant?

By RYAN NAKASHIMA, AP Business Writer

Fri May 6, 7:11 pm ET

LOS ANGELES – Billionaire Len Blavatnik is spending $1.3 billion to buy Warner Music Group Corp. a decade into a steep decline in CD sales for the music industry.

That could make him a sucker in line for many more years of slashing staff, or a savant for buying the company at the start of a digital music revolution.

The deal values Warner Music at $3 billion including debt and cash – even higher than the $2.6 billion it sold for in 2004 when the music industry was twice as big.

On This Day In History May 9

This is your morning Open Thread. Pour your favorite beverage and review the past and comment on the future.

Find the past “On This Day in History” here.

Click on images to enlarge

May 9 is the 129th day of the year (130th in leap years) in the Gregorian calendar. There are 236 days remaining until the end of the year.

On this day in 1860, James Barrie, creator of Peter Pan, is born in Scotland.

Sir James Matthew Barrie, 1st Baronet, OM (9 May 1860 – 19 June 1937) was a Scottish author and dramatist, best remembered today as the creator of Peter Pan. The child of a family of small-town weavers, he was educated in Scotland. He moved to London, where he developed a career as a novelist and playwright. There he met the Llewelyn Davies boys who inspired him in writing about a baby boy who has magical adventures in Kensington Gardens (included in The ), then to write Peter Pan, or The Boy Who Wouldn’t Grow Up, a “fairy play” about this ageless boy and an ordinary girl named Wendy who have adventures in the fantasy setting of Neverland. This play quickly overshadowed his previous work and although he continued to write successfully, it became his best-known work, credited with popularising the name Wendy, which was very uncommon previously. Barrie unofficially adopted the Davies boys following the deaths of their parents. Before his death, he gave the rights to the Peter Pan works to Great Ormond Street Hospital, which continues to benefit from them.

Peter Pan

The classic Peter Pan starring Mary Martin. This is the 1960 version for NBC. Has been very limited in its showing. The DVD is long out of print and expensive to own.

 328 – Athanasius is elected Patriarch bishop of Alexandria.

1092 – Lincoln Cathedral is consecrated.

1450 – ‘Abd al-Latif (Timurid monarch) is assassinated.

1502 – Christopher Columbus leaves Spain for the fourth and final journey to the New World.

1671 – Thomas Blood, disguised as a clergyman, attempts to steal England’s Crown Jewels from the Tower of London.

1726 – Five men arrested during a raid on Mother Clap’s molly house in London are executed at Tyburn.

1864 – Second War of Schleswig: The Danish navy defeats the Austrian and Prussian fleets in the Battle of Heligoland.

1868 – The city of Reno, Nevada, is founded.

1873 – Der Krach: Vienna stock market crash heralds the Long Depression.

1874 – The first horse-drawn bus makes its debut in the city of Mumbai, traveling two routes.

1877 – Mihail Kogalniceanu reads, in the Chamber of Deputies, the Declaration of Independence of Romania. This day became the Independence Day of Romania.

1877 – A magnitude 8.8 earthquake off the coast of Peru kills 2,541, including some as far away as Hawaii and Japan.

1887 – Buffalo Bill Cody’s Wild West Show opens in London.

1901 – Australia opens its first parliament in Melbourne.

1904 – The steam locomotive City of Truro becomes the first steam engine in Europe to exceed 100 mph (160 km/h).

1911 – The works of Gabriele D’Annunzio placed by the Vatican in the Index of Forbidden Books.

1915 – World War I: Second Battle of Artois between German and French forces.

1926 – Admiral Richard E. Byrd and Floyd Bennett claim to have flown over the North Pole (later discovery of Byrd’s diary seems to indicate that this did not happen).

1927 – The Australian Parliament first convenes in Canberra.

1936 – Italy formally annexes Ethiopia after taking the capital Addis Ababa on May 5.

1937 – Edgar Bergen and Charlie McCarthy took to the airwaves becoming an overnight radio sensation.

1940 – World War II: The German submarine U-9 sinks the French coastal submarine Doris near Den Helder.

1941 – World War II: The German submarine U-110 is captured by the Royal Navy. On board is the latest Enigma cryptography machine which Allied cryptographers later use to break coded German messages.

1942 – Holocaust: The SS murder 588 Jewish residents of the Podolian town of Zinkiv (Khmelnytska oblast, Ukraine). The Zoludek Ghetto is destroyed and all its inhabitants murdered or deported.

1945 – World War II: Ratification in Berlin-Karlshorst of the German unconditional surrender of May 8 in Rheims, France, with the signatures of Marshal Georgy Zhukov for the Soviet Union, and for the Western Headquarters Sir Arthur Tedder, British Air Marshal and Eisenhower’s deputy, and for the German side of Colonel-General Hans-Jurgen Stumpff as the representative of the Luftwaffe, Field Marshal Wilhelm Keitel as the Chief of Staff of OKW, and Admiral Hans-Georg von Friedeburg as Commander-in-Chief of the Kriegsmarine.

1945 – World War II: The Channel Islands are liberated by the British after five years of German occupation.

1946 – King Victor Emmanuel III of Italy abdicates and is succeeded by Humbert II.

1949 – Rainier III of Monaco becomes Prince of Monaco.

1950 – Robert Schuman presents his proposal on the creation of an organized Europe, which according to him was indispensable to the maintenance of peaceful relations. This proposal, known as the “Schuman declaration”, is considered by some people to be the beginning of the creation of what is now the European Union.

1950 – L. Ron Hubbard’s Dianetics: The Modern Science of Mental Health is released.

1955 – Cold War: West Germany joins NATO.

1955 – Sam and Friends debuts on a local United States television channel, marking the first television appearance of both Jim Henson and what would become Kermit the Frog and The Muppets.

1960 – The FDA announces it will approve birth control as an additional indication for Searle’s Enovid, making Enovid the world’s first approved oral contraceptive pill.

1961 – Jim Gentile of the Baltimore Orioles becomes the first player in baseball history to hit grand slams in consecutive innings.

1964 – Ngo Dinh Can, de facto ruler of central Vietnam under his brother President Ngo Dinh Diem before the family’s toppling, is executed.

1969 – Carlos Lamarca leads the first urban guerrilla action against the military dictatorship of Brazil in Sao Paulo, by robbing two banks.

1970 – Vietnam War: In Washington, D.C., 75,000 to 100,000 war protesters demonstrate in front of the White House.

1974 – Watergate Scandal: The United States House of Representatives Judiciary Committee opens formal and public impeachment hearings against President Richard Nixon.

1980 – In Florida, Liberian freighter MV Summit Venture collides with the Sunshine Skyway Bridge over Tampa Bay, making a 1,400-ft. section of the southbound span collapse. 35 people in six cars and a Greyhound bus fall 150 ft. into the water and die.

2001 – In Ghana 129 football fans die in what became known as the Accra Sports Stadium Disaster. The deaths are caused by a stampede (caused by the firing of teargas by police personnel at the stadium) that followed a controversial decision by the referee.

2002 – The 38-day stand-off in the Church of the Nativity in Bethlehem comes to an end when the Palestinians inside agree to have 13 suspected terrorists among them deported to several different countries.

2002 – In Kaspiysk, Russia, a remote-controlled bomb explodes during a holiday parade killing 43 and injuring at least 130.

2004 – Chechen president Akhmad Kadyrov is killed in a land mine bomb blast under a VIP stage during a World War II memorial victory parade in Grozny, Chechnya.

2006 – Estonia ratifies the European Constitution.

Holidays and observances

   * Anniversary of Dianetics (Church of Scientology)

   * Christian Feast Day

       Beatus of Lungern

       Beatus of Vendome

       Christopher (Eastern Orthodox Church)

       George Preca

       Gerontius of Cervia

       Pachomius

       Tudy of Landevennec

       May 9 (Eastern Orthodox liturgics)

   * Europe Day, commemorating the Schuman Declaration. (European Union)

   * Independence Day, celebrate the independence of Romania from the Ottoman Empire in 1877.

   * Liberation Day, commemorating the end of the German Occupation of the Channel Islands during World War II). (Guernsey, Jersey)

   * One of the three days of the Feast of the Lemures. (Roman Empire)

   * Victory Day observances, celebration of the Soviet Union victory over Nazi Germany (Soviet Union, Azerbaijan, Belarus, Bosnia and Herzegovina, Israel, Kazakhstan, Kyrgyzstan, Moldova, Russia, Serbia, Tajikistan, Turkmenistan, Ukraine, Uzbekistan)

       Victory and Peace Day, mark the capture of Shusha in the Karabakh War and the end of World War II. (Armenia)

The Shrill One Speaks

The Unwisdom of Elites

By PAUL KRUGMAN, The New York Times

Published: May 8, 2011

(W)hat we’re experiencing right now is a top-down disaster. The policies that got us into this mess weren’t responses to public demand. They were, with few exceptions, policies championed by small groups of influential people – in many cases, the same people now lecturing the rest of us on the need to get serious. And by trying to shift the blame to the general populace, elites are ducking some much-needed reflection on their own catastrophic mistakes.



(I)t was the bad judgment of the elite, not the greediness of the common man, that caused America’s deficit. And much the same is true of the European crisis.



Why should we be concerned about the effort to shift the blame for bad policies onto the general public?

One answer is simple accountability. People who advocated budget-busting policies during the Bush years shouldn’t be allowed to pass themselves off as deficit hawks; people who praised Ireland as a role model shouldn’t be giving lectures on responsible government.

But the larger answer, I’d argue, is that by making up stories about our current predicament that absolve the people who put us here there, we cut off any chance to learn from the crisis. We need to place the blame where it belongs, to chasten our policy elites. Otherwise, they’ll do even more damage in the years ahead.

Six In The Morning

US says it wants access to bin Laden widows

The women could answer questions about how much Pakistan knew

NBC, msnbc.com and news services

The United States wants access to Osama bin Laden’s three widows and any intelligence material its commandos left behind at the al-Qaida leader’s compound, a top American official said in comments broadcast Sunday that could add a fresh sticking point in already frayed ties with Pakistan.

Information from the women, who remained in the house after the commandos killed bin Laden, might answer questions about whether Pakistan harbored the al-Qaida chief as many American officials are speculating. It could also reveal details about the day-to-day life of bin Laden, his actions since the invasion of Afghanistan in 2001 and the inner workings of al-Qaida.

The women, along with several children also picked up from the house, are believed to be in Pakistani army custody. A Pakistani army official declined to comment Sunday on the request, U.S. National Security Adviser Tom Donilon said on NBC’s “Meet the Press.

Japan calls for Hamaoka nuclear plant shutdown

The Hamaoka nuclear plant, which sits near a major fault line in Shizuoka prefecture, is considered Japan’s most vulnerable nuclear facility

Justin McCurry in Osaka

guardian.co.uk, Monday 9 May 2011 06.14 BST


The operator of Japan’s “most dangerous” nuclear plant is to decide whether to comply with a government request to temporarily close the facility and carry out work to improve its ability to withstand earthquakes and tsunamis.

Chubu Electric is considering the request to close the Hamaoka nuclear plant in Shizuoka prefecture, central Japan, which is thought to be the country’s most vulnerable nuclear facility.

The rebel city Gaddafi says is full of recruits for al-Qa’ida

The Libyan leader claims Nato is backing terrorists, but the people of Derna insist that they are fighting for freedom. Daniel Howden reports

Monday, 9 May 2011

The brutal history of Derna is recorded in the portraits recently hung on the walls of its oldest mosque. Many of the faces staring down died in this year’s uprising; some were conscripts in Colonel Gaddafi’s African wars; others the victims of a notorious prison massacre in Tripoli 15 years ago.

A haunting collage freed from the files of internal security when it was ransacked two months ago shows young men who were shot, poisoned, hanged or hacked to death after an uprising against the repressive regime in 1996.

Syrian army ‘surrounds Damascus suburb’

Heavy shooting has been heard in a western suburb of the Syrian capital, Damascus, after the army cordoned off the area, human rights activists say.



Security forces are also continuing their efforts to crush anti-government protests in the central city of Homs, Deraa and the coastal town of Baniyas.

On Sunday, there were reports from Homs of gunfire, arrests and deaths, including that of a 12-year-old boy.

State media also said 10 labourers had been killed in an ambush by gunmen.

Foreign journalists have not been allowed to enter Syria, so the reports are difficult to verify independently.

Nato left 61 African migrants to die of hunger and thirst



May 09 2011 07:04  

 A boat carrying 72 passengers, including several women, young children and political refugees, ran into trouble in late March after leaving Tripoli for the Italian island of Lampedusa. Despite alarms being raised with the Italian coastguard and the boat making contact with a military helicopter and a Nato warship, no rescue effort was attempted.

All but 11 of those on board died from thirst and hunger after their vessel was left to drift in open waters for 16 days. “Every morning we would wake up and find more bodies, which we would leave for 24 hours and then throw overboard,” said Abu Kurke, one of only nine survivors. “By the final days, we didn’t know ourselves … everyone was either praying, or dying.”

Why Singapore’s ruling party suffered historic setback at polls

Voter dissatisfaction is high over rising inequality and the high cost of living. For the first time, opposition candidates contested virtually every seat in parliament.

 

Bangkok, Thailand

Singapore’s ruling party suffered its worst-ever election result since independence in 1965 as youthful opposition parties tapped voter anger over high living costs and rising inequality in the wealthy city-state.

Unofficial results showed the opposition had garnered around 40 percent of 2 million votes cast in Saturday’s election. But the first-past-the-post parliamentary system – modeled on that of Britain, the former colonial power – ensured that the ruling People’s Action Party (PAP) retained firm control, with 81 out of 87 seats.

The Week in Editorial Cartoons – The Hunt for Osama Bin Laden and the Bush Administration

(10 am. – promoted by ek hornbeck)

Crossposted at Daily Kos and Docudharma



Rob Rogers, Pittsburgh Post-Gazette, Buy this cartoon

PLEASE READ THIS

Since Sunday, May 1st night when President Barack Obama made that rather unexpected and dramatic address to announce the death of Osama bin Laden in Abbottabad, Pakistan, there have been close to 400 editorial cartoons published to date.

(Bruce Plante, Tulsa World, Buy this cartoon)

Given the Republican tendency not to give any credit for anything to this Democratic Administration, I wanted to largely focus in this diary on what the Bush Administration’s record was in pursuing bin Laden for over almost 7 1/2 years from 2001-2008.  There are over 40 editorial cartoons from September 2001 to late April 2011 by both American and foreign cartoonists detailing this abysmal historical effort.  I have also included a number of editorial cartoons gauging reaction by cartoonists from eight countries in the Muslim world since the events of last weekend.

In Part II of this diary, which I hope to post my mid-week, I will address a number of other issues pertaining to bin Laden’s death: the duplicitous role of the Government of Pakistan, what lies ahead for Al Qaeda, the future of American forces in Afghanistan, and new conspiracy theories arising out of this event.

 

:: ::

THE WEEK IN EDITORIAL CARTOONS

This weekly diary takes a look at the past week’s important news stories from the perspective of our leading editorial cartoonists (including a few foreign ones) with analysis and commentary added in by me.

When evaluating a cartoon, ask yourself these questions:

1. Does a cartoon add to my existing knowledge base and help crystallize my thinking about the issue depicted?

2. Does the cartoonist have any obvious biases that distort reality?

3. Is the cartoonist reflecting prevailing public opinion or trying to shape it?

The answers will help determine the effectiveness of the cartoonist’s message.

:: ::



Kevin Siers, Charlotte Observer, Buy this cartoon



John Sherffius, Boulder Daily Camera, Buy this cartoon



Tom Toles, Yahoo Comics/Washington Post

(click link to enlarge cartoon)



Stavro, Ad-Dabbour (Beirut, Lebanon), Buy this cartoon



Ben Sargent, Yahoo Comics/Universal Press Syndicate

(click link to enlarge cartoon)

Clay Bennett

War on Terrorism by Clay Bennett, Comics.com, see reader comments in the Chattanooga Times Free Press



Vic Harville, Stephens Media Group (Little Rock, AR), Buy this cartoon



John Deering, Arkansas Democrat-Gazette, Buy this cartoon

Dan Wasserman

Dan Wasserman, Comics.com (Boston Globe)

Signe Wilkinson

Signe Wilkinson, Comics.com (Philadelphia Daily News)



Pakistan Relationship by Mike Keefe, Denver Post, Buy this cartoon



Can We Go Now? by Rob Tornoe, The Press of Atlantic City, Buy this cartoon



Obama Bashers in Distress by Chris Britt, see reader comments in

the State Journal-Register (Springfield, IL), Buy this cartoon



Next Tenant by Randall Enos, Cagle Cartoons, Buy this cartoon

:: ::

INTRODUCTION



Closure by Ed Stein, edsteinink.com (formerly of the Rocky Mountain News), see reader comments on Stein’s blog, Buy this cartoon

:: ::

For many editorial cartoonists, the death of Osama Bin Laden, in itself, was not a cause for celebration.  But almost all of them would not shed tears for the man responsible for brutally killing thousands of people, many Muslims included among his victims.  Simply stated, bin Laden was a mass murderer whose passing was not going to elicit any sympathy from anyone.  

Stein forcefully states his case and hopes that the end result is a diminution in world-wide terror and that Middle Eastern countries, in particular, continue to experience the kinds of political reform started over three months ago in Tunisia

After almost ten years, the United States has tracked down and killed Osama bin Laden, the mastermind of the infamous 9/11 attacks on the World Trade Center and the Pentagon.  I don’t enjoy celebrating the death of anyone, but I’ll make an exception in this case.  Bin Laden, as President Obama reminded us late last night, was not a Muslim leader.  He was a mass murderer of innocents in the name of an insane ideology, one that celebrates bloodshed on a grand scale as the means to the restoration of an imagined, idealized world that never existed and never will.

I wish that his death marked the end of the global terror network he helped found, but it doesn’t.  Others, inflamed by the same murderous hatred, will try to avenge him, and some likely will succeed in killing more innocent people.  Their day, despite whatever mayhem they might still create, is already over.  History has passed them by.  The Arab Spring we are witnessing in the Muslim world puts the lie to their claim that violent revolution in the name of rigid fundamental Islamism is the only alternative to the dictatorships so prevalent in the Arab world, and to the perceived decadence of the West.  Still, his death brings a sense of closure to the survivors of bin Laden’s evil, and there is more than a little solace in knowing that our country never gave up in its pursuit of the face of terror for so many Americans and others around the world.

:: ::

One of the very best editorial cartoonists who used to draw for the Milwaukee Journal Sentinel, Stuart Carlson, echoes Stein but takes no particular delight in bin Laden’s death.  

A case of, if you will, “If you live by the sword…”

Not Gleeful, But Gratified

I’m an opponent of the death penalty and would have been satisfied if Bin Laden had been captured, tried and imprisoned for life.  

Despite that, I don’t have a strong sense of remorse over his death.  

It does seem to bring a rough kind of justice to someone who committed such a monstrous act.

(Stuart Carlson, carlsontoons.com/Universal Press Syndicate, click link to enlarge cartoon)

:: ::

A Pew Research Survey conducted recently showed that Al Qaeda’s appeal had diminished considerably in many Islamic countries.  Even in a country like Pakistan, where he had apparently been hiding for several years, bin Laden’s approval rating was a dismal 18%

Osama bin Laden Largely Discredited Among Muslim Publics in Recent Years

In the months leading up to Osama bin Laden’s death, a survey of Muslim publics around the world found little support for the al Qaeda leader.

Among the six predominantly Muslim nations recently surveyed by the Pew Research Center’s Global Attitudes Project, bin Laden received his highest level of support among Muslims in the Palestinian territories — although even there only 34% said they had confidence in the terrorist leader to do the right thing in world affairs.  Minorities of Muslims in Indonesia (26%), Egypt (22%) and Jordan (13%) expressed confidence in bin Laden, while he has almost no support among Turkish (3%) or Lebanese Muslims (1%).

:: ::

The Republican Party has been expert at conjuring up external demons for decades to instill fear among the populace.  During the four-plus decades of the Cold War from the late 1940’s to the early 1990’s, it was anti-Communism that served as the glue that politically bound them together.  In the years following the September 11, 2001 terrorist attack, it was “Islamofascism” that was the new battle cry.

Just yesterday, I received an email from one of the staff members of Cagle Cartoons (through whose generosity and permission I am able to write these diaries) indicating that the GOP was up to its old tricks

Wow, that didn’t take long.  Conservative cartoonist Brian Fairrington has already decided to politicize the death of Osama Bin Laden with his political cartoon giving the majority of credit to George W. Bush.

Thankfully, there are only a handful of conservative editorial cartoonists around and I, rarely if ever, post any of their cartoons or commentary.

Finally, another Pew Research Survey showed that the public was not buying Republican lies and the assertions made by the likes of Brian Farrington  

Public “Relieved” By bin Laden’s Death, Obama’s Job Approval Rises

The public is reacting to the killing of Osama bin Laden with relief, happiness and pride. And Americans overwhelmingly credit the U.S. military and the CIA for the success of the operation.

An overnight survey of 654 adults, conducted by the Pew Research Center for the People & the Press and The Washington Post finds that 72% say they feel “relieved” by Osama bin Laden’s death, while 60% feel “proud” and 58% say they are “happy.”  Far fewer, just 16%, say the news of bin Laden’s death makes them feel “afraid.”

Barack Obama’s job approval rating has jumped in the wake of bin Laden’s killing.  In the one-day survey, 56% say they approve of the way Obama is handling his job as president while 38% disapprove.  Last month, Obama’s job rating was about evenly divided — 47% approved, 45% disapproved…

Obama gets far more credit from the public than does George W. Bush for bin Laden’s killing.

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I hope you enjoy reading this week’s edition and, in particular, the editorial cartoons I’ve dug up from 2001-2008.  Thanks.

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1. Osama bin Laden, Al-Qaeda, Iraq, and the Bush Administration in Editorial Cartoons: September 12, 2001 – April 28, 2011



9/11 by RJ Matson, St. Louis Post Dispatch, Buy this cartoon

Cagle Cartoons decided to highlight several editorial cartoons from the Bush Years and Daryle Cagle noted that editorial cartoonists have been in the forefront to document the hunt for bin Laden

By now, everyone knows that Osama bin Laden, mastermind of the 9/11 tragedy, has been killed in Pakistan in an operation conducted by American military forces and the CIA.  Cartoonists have been gunning for the reclusive terrorist for years, and have drawn many, many cartoons about him.

Check out some of the best cartoons drawn about bin Laden over the years with our Best of Osama Bin Laden cartoon collection.



Arcadio Esquivel, La Nacion (Costa Rica), Buy this cartoon



Man of the Year by Daryl Cagle, MSNBC.com, Buy this cartoon



New Axis of Evil by Tab, Calgary Sun, Buy this cartoon



Osama Truce by Cam Cardow, Ottawa Citizen, Buy this cartoon



Have No Clue by Olle Johansson (Sweden), Buy this cartoon



Daryl Cagle, MSNBC.com, Buy this cartoon



They Must Fit by Olle Johansson (Sweden), Buy this cartoon



Fox News by Daryl Cagle, MSNBC.com, Buy this cartoon



9/11 by David Fitzsimmons, Arizona Star, Buy this cartoon



Al Qaida On The Run by John Darkow, Columbia Daily Tribune, Buy this cartoon



Bush Buys War on Credit by Monte Wolverton, Cagle Cartoons



Bush Torture by Pat Bagley, Salt Lake Tribune, Buy this cartoon  



Al Qaeda Terror by Dave Granlund, Politicalcartoons.com, Buy this cartoon



In the Cave by Cam Cardow, Ottawa Citizen, Buy this cartoon



Osama’s Head by J.D. Crowe, Mobile Register, Buy this cartoon



Osama Bin Lonely by John Darkow, Columbia Daily Tribune, Buy this cartoon



War on Terror Update by Mike Keefe, Denver Post, Buy this cartoon



Bush’s Afghanistan Souvenir by Christo Komarnitski (Bulgaria), Buy this cartoon

Nick Anderson

Nick Anderson, Comics.com (Houston Chronicle)



Mission Accomplished IV by RJ Matson, St. Louis Post Dispatch, Buy this cartoon



Bush Action Figure by Tab, Calgary Sun, Buy this cartoon



Falluja: Mission Accomplished by Patrick Chappatte, NZZ am Sonntag, Buy this cartoon



Six Years After 9/11 by Patrick Chappatte, Le Temps (Switzerland), Buy this cartoon



Bin Laden Tape by Christo Komarnitski (Bulgaria), Buy this cartoon



Bush’s 9-11 Speech by Bob Englehart, Hartford Courant, mBuy this cartoon



Bush the Deciderarian by Pat Bagley, Salt Lake Tribune, Buy this cartoon



Bruce Beattie, Daytona Beach News-Journal, Buy this cartoon



Matt Bors, Idiot Box, Buy this cartoon



Rove Out Of Jeopardy by RJ Matson, St. Louis Post Dispatch, Buy this cartoon



How the World Views America by Monte Wolverton, Cagle Cartoons, Buy this cartoon



Moving on After 9/11 by Nate Beeler, Washington Examiner, Buy this cartoon



Benazir Bhutto by Sandy Huffaker, Cagle Cartoons, Buy this cartoon



Bruce Plante, Chattanooga Times, Buy this cartoon



Al Qaeda Resurgence by Mike Keefe, Denver Post, Buy this cartoon



Jeff Parker, Florida Today, Buy this cartoon



Mike Luckovich, Atlanta Journal-Constitution, Buy this cartoon



Bush Legacy by Dave Granlund, Politicalcartoons.com, Buy this cartoon



Bushit by Pat Bagley, Salt Lake Tribune, Buy this cartoon



Bush Library by David Fitzsimmons, Arizona Star, Buy this cartoon



Bush Presidential Library by Jim Day, Las Vegas Review-Journal, Buy this cartoon



The Only Shovel-Ready Project In America by RJ Matson, St. Louis Post Dispatch, Buy this cartoon

:: ::

Note: The below editorial cartoons are from the post-Bush years.



Osama bin Laden’s Address by RJ Matson, St. Louis Post Dispatch, Buy this cartoon



Osama Bin Laden and Twitter by Bill Schorr, Cagle Cartoons, Buy this cartoon



Laughing Osama by Monte Wolverton, Cagle Cartoons, Buy this cartoon



Osama and 9-11 Plan by Dave Granlund, Politicalcartoons.com, Buy this cartoon



Osama Has the Egypt Blues by David Fitzsimmons, Arizona Star, Buy this cartoon



Bin Laden vs Peaceful Revolts by Dave Granlund, Politicalcartoons.com, Buy this cartoon

:: ::

2. Reaction to Osama bin Laden’s Death from Editorial Cartoonists in the Islamic World



Osama Hajjaj (Jordan), Buy this cartoon

:: ::

As I was studying these editorial cartoons from several cartoonists in the Muslim world, what struck me was that the killing of Osama bin Laden was depicted in more graphic detail than by most of their American or European counterparts.  You’ll get an even better idea of these contrasting styles of drawing when I post Part II of this diary in the next few days.

By and large, the cartoons reflect a certain wariness of Bin Ladenism in the Islamic world and a definite distaste for authoritarian regimes in many Middle Eastern countries.  In a few instances, the cartoons also portray an element of American triumphalism and a certain fear of the might and reach of American military power as well as a (vicious?) determination to eventually get its enemies.

Will this audacious operation to get bin Laden begin to win hearts and minds in the Islamic world?  That, of course, remains to be seen.



Omar Abdallat, Addustour (Jordan), Buy this cartoon



Fares Garabet (Syria), Buy this cartoon



Oguz Gurel (Istanbul, Turkey), Buy this cartoon



Sherif Arafa, Alittihad (Egypt), Buy this cartoon



Osama Hajjaj (Jordan), Buy this cartoon



Stavro Jabra, Ad-Dabbour (Beirut, Lebanon), Buy this cartoon



Hassan Bleibel, Al-Mustakbal (Beirut, Lebanon), Buy this cartoon



Osama Hajjaj (Jordan), Buy this cartoon



Stavro Jabra, Ad-Dabbour (Beirut, Lebanon), Buy this cartoon



Omar Abdallat, Addustour (Jordan), Buy this cartoon



Sepideh Anjomrooz (Tehran, Iran), Buy this cartoon



Hadi Heidari (Iran), Buy this cartoon



Hassan Bleibel, Al-Mustakbal (Beirut, Lebanon), Buy this cartoon



Khalil Rahman, Daily Samakal (Bangladesh), Buy this cartoon

:: ::

3. Osama bin Laden’s Death – Domestic and Other International Reaction

Rob Rogers

Tattoo Regret by Rob Rogers, Comics.com, see reader comments in the Pittsburgh Post-Gazette

:: ::

Rogers echoes what most Republicans have been trying to do since last weekend: take full credit for implementing policies that ultimately led to bin Laden’s demise.  A few days ago, Condoleezza Rice pathetically tried to peddle this revisionist nonsense to Lawrence O’Donnell (must-see video here) on MSNBC and failed miserably.

This decades-old charge of “Democrats are Weak on National Defense” is simply not going to play in the 2012 Elections.

The Republicans in Washington have always painted the democrats as weak on defense, terror and homeland security.  I think the killing of Osama bin Laden means the GOP just lost one of their reliable false mantras for the 2012 election.

Nick Anderson

Nick Anderson, Comics.com (Houston Chronicle), 2006 editorial cartoon



Steve Breen, San Diego Union-Tribune, Buy this cartoon



Victory Certificates by Shlomo Cohen (Israel), Buy this cartoon



Mike Peters, Dayton Daily News

(click link to enlarge cartoon of May 5, 2011

in Peters’ archives)



Bin Laden Dead by Patrick Chappatte, International Herald Tribune, Buy this cartoon



Osama Sizzle by Pat Bagley, Salt Lake Tribune, Buy this cartoon

Robert Ariail

Robert Ariail, Comics.com (formerly of The State, SC)



The Bin Laden Photo by Peter Broelman (Australia), Buy this cartoon



Ken Catalino, Nationally Syndicated Cartoonist, Buy this cartoon



Obama – Osama by Rainer Hachfeld, Neues Deutschland (Germany), Buy this cartoon



Bin Laden Photo by John Cole, Scranton Times-Tribune, Buy this cartoon

Nick Anderson

Giving Credit by Nick Anderson, Comics.com, see reader comments in the Houston Chronicle

:: ::

4. Mother’s Day 2011

A very happy Mother’s Day to all of you who are mothers.

Bill Day

Bill Day, Comics.com (Memphis Commercial-Appeal)



David Fitzsimmons, Arizona Daily Star, Buy this cartoon

Dana Summers

Dana Summers, Comics.com (Orlando Sentinel)



Cam Cardow, Ottawa Citizen, Buy this cartoon



Nate Beeler, Washington Examiner, Buy this cartoon



David Fitzsimmons, Arizona Daily Star, Buy this cartoon

:: ::

5. Final Thoughts



The National Aesthetic by Andy Singer, Politicalcartoons.com, Buy this cartoon

:: ::

Finally, this cartoon by Andy Singer — as only he can portray it in his zany way of thinking — points to a number of areas where we, as a country, can definitely make some improvements.

:: ::

A Note About the Diary Poll



John Sherffius, Boulder Daily Camera, Buy this cartoon

:: ::

At the heart of the Bush Administration’s so-called “War on Terror” (terror, by the way, is a tactic and not a well-equipped army) was the indiscriminate use of illegal torture methods to extract information from “detainees.”  Contrary to the assertions made by many former Bush Administration officials over the past week, there is no tangible evidence that the use of torture directly led to bin Laden’s death.  

In coming days and months, what impact will this event have on relations between the United States and the Islamic world which, obviously, is not a monolith.  Each Muslim country has its own set of issues and circumstances differ greatly from such diverse countries like Jordan to Indonesia to Pakistan.  Will relations improve or deteriorate or will bin Laden’s death have no discernible effect?

Don’t forget to take the diary poll.  Comments are highly encouraged.

:: ::

If any complaints about the contents of this diary, please direct them to Que Guevara, Manager, JekyllnHyde Complaints Department, London, England.  He will patiently listen to your point of view even if it seems at times he pretends not to.  Que is multilingual and a world-renowned expert at conflict resolution.

A note of caution.  Que might seem like a meek and submissive fellow and may come across as somewhat clownish but, deep down, he is eager to help you.  Trust me.  Though originally “he’s from Barcelona” Que graduated with a degree in consumer relations from the University of Salamanca, Spain, which is one of the oldest institutions of higher learning in the world.

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DocuDharma Digest

Regular Features-

Featured Essays for May 8, 2011-

DocuDharma

Pique the Geek 20110508: Nitrogen, Common and Essential

Everyone is exposed to elemental nitrogen every day.  Since it makes up about 78% of the atmosphere, it is impossible to avoid.  It is nontoxic, so being impossible to avoid is not in this case a problem.

Actually, it is good thing that nitrogen comprises that much of the atmosphere.  If the atmosphere were much richer in oxygen than it is (around 21%, the rest carbon dioxide and a few others), it would be impossible to fight fires.  More on that later.

In addition to being an inert diluent to oxygen in the atmosphere, nitrogen is also essential for life for many reasons, and we shall examine some of them in a bit.  It is also an essential building block for many important industrial materials and for fertilizers for plants.  Come with us after the fold and we shall examine this important element.

Nitrogen has an atomic number (technically called Z) of 7, making it a second row element.  This is important from quantum mechanical aspects, since second row elements can have only s and p orbitals.  This is important, and we shall talk about it later.  The most common isotope of nitrogen is N-14, with seven protons and seven neutrons in the nucleus.  N-15 also exists to the extent of about 0.36% of all natural nitrogen.  Radioactive isotopes can be prepared, but all have fairly short half lives and are not used for much.

There are lots of uses for elemental nitrogen.  It is used as a cheap inert gas blanket for many chemical processes that are sensitive to oxygen when it can be used in place of the more expensive (but more inert) argon.  I used it extensively as a carrier gas for gas chromatography with a flame ionization detector because it is much cheaper than helium, preferred for thermal conductivity detectors and for mass spectrometers.  It is extremely cheap and very safe to use, because it is made from nothing but air and because it is not toxic at all (with one notable exception), but does act as a simple asphyxiant.

Liquid nitrogen is used as an easy material for making things very cold.  It boils at 77 kelvins (-196 degrees C), so is very cold indeed.  I used to use it a lot in the laboratory for many things.  It is the medium in which frozen embryos are kept, and also semen for artificial insemination for both man and beast.  As a matter of fact, when I was in graduate school we bought our liquid nitrogen from a bull semen supplier.  Some avant garde cooks are using it for special effects, and you can make ice cream with it FAST.

You have to be careful with it, though, because it will freeze tissue and cause serious frostbite, but, contrary to popular belief, NOT instantly.  As a demonstration, I have many times dipped a finger into it for several seconds at a time, with no ill effect.  The reason is that the temperature differential betwixt liquid nitrogen and finger temperature is around 230 degrees, so the finger is incredibly hot compared to the liquid nitrogen, causing it to boil around the finger, so only relatively warm nitrogen gas touches it, for a while.  It is sort of akin to putting a red hot piece of metal in water:  the liquid really does not touch the metal for a little while.  It also has a much lower heat capacity and much lower enthalpy of vaporization than does water, so a four second dip does not any damage at all to a finger.

If left in it long enough to come to 77 K (the degree symbol is not used in that system), matter becomes unusual.  If you ever happen on to some liquid nitrogen, take a rubber band, and with tongs, dip in into the cold material.  After the boiling stops, then fling the rubber band onto a hard surface.  It will shatter like glass!  You can also drive a sharp, thin nail into soft wood with a properly treated banana!

Elemental nitrogen is incredibly stable.  To dissociate a mole of nitrogen molecules to atoms requires around 942 kilojoules, while to do the same for oxygen requires only around 494 kJ.  As a matter of fact, the chemical bond betwixt the two nitrogen atoms is amongst the strongest known.

Why is that?  To give a comprehensive answer requires some rather deep quantum mechanical treatment, but in a nutshell it is because atomic nitrogen has seven electrons.  Two of those are in the 1s shell, and are not available for chemistry.  Two more reside in the 2s shell, and are also not available for chemistry.  The remaining three electrons are in the 2p orbitals, and by chance there are three 2p orbitals, px, py, and pz.  Unlike s orbitals, which are spherical and thus nondirectional, the p orbitals have direction, as represented by the Cartesian representations x, y, and z.  It also turns out that each of these atomic orbitals (AOs) can be added (both physically and mathematically) to form six (sum and difference, in a manner of speaking) molecular orbitals (MOs).

Three of the six MOs are more stable than the constituent AOs and are called bonding orbitals, and the three other ones are LESS stable than the constituent AOs and are called antibonding orbitals.  Using the aufbau principle, we add electrons to the most stable orbitals first.  Since we have six electrons (each nitrogen has three to contribute), we soon see that all three bonding orbitals are completely filled (a bonding or an antibonding orbital can contain zero, one, or two electrons) with no electrons left.  Thus, nitrogen has three bonds betwixt the two atoms.  The two px AOs are directed towards each other, and form a sigma bond directly betwixt the two nitrogen atoms.  This is the strongest of the three bonds.  The other two AOs are directed to the sides of the molecule and form MOs outside of the line connecting the two atoms, called pi bonds.  They are not quite so strong as sigma bonds, but are significantly strong.  Thus, nitrogen is said to have a triple bond.  Chemists immediately recognize that triple bonds consist of one sigma bond and two pi bonds.

Now, let us look at oxygen.  For oxygen, Z = 8, so now we have four electrons that are available for chemistry from each atom, for a total of eight.  When we build the MOs for oxygen, they look just like the ones for nitrogen, but we have two electrons left over with respect to nitrogen.  They have to go somewhere!  The only alternative is to place them in the lowest energy pi antibonding MO, where they pretty much cancel the attraction of one of the two bonding pi MOs.  Thus, oxygen effectively has only a double bond, since one of the two pi bonding MOs has been neutralized by the new antibonding pi MO.  I know that this is Geeky, but it is important.  Here is a rough hand drawn representation of the discussion.  It is entirely from memory.  I did lots of them for my dissertation for more complex systems using a Rapidograph pen with India ink, on glossy paper.  Computer graphics were just then beginning to be available, and I could not afford the software.  Anyway, at the time, the hand drawn ones (using proper templates) looked better than the ragged lines that were state of the art for Commodore computers then.

Photobucket

Here are two MO drawings, one for nitrogen and one for oxygen.  Note that the left one, nitrogen, shows in the middle the three p orbitals for nitrogen, for two nitrogen atoms, giving a total of six p orbitals.  These six AOs sum to six MOs, three lower in energy than the degenerate AOs, and three (denoted by the *) higher.  Also note that there is a single electron in each AO.  Using the aufbau principle, we start filling the MOs with the lowest energy one.  The sigma orbital gets two electrons, denoted by the arrows one up and one down, since the electrons are spin paired.  The next two bonding orbtials, the pi ones, also get two electrons each, paired.  Thus we have three electrons pairs in bonding orbitals, forming a triple bond, one sigma bond and two pi ones.

The situation is similar for oxygen, except instead of three valence electrons, oxygen has FOUR, denoted by the paired electrons in the px ones.  We add electrons just like we did with nitrogen, except when the three bonding orbitals are filled we still have two electrons left.  Each antibonding pi orbital gets one electron, thus canceling out one of the three bonding orbitals, so oxygen has a double, rather than a triple, bond.  This is also why oxygen is paramagnetic and why we do not burst into flame.  If you carry it to fluorine, with FIVE valence electrons, BOTH pi antibonding orbitals are filled, and indeed fluorine has only a single bond.  In the case of neon, with SIX valence electrons, the sigma antibonding orbital is also filled, giving a bond order of zero.  As a matter of fact, neon and all of the noble gases exist as single atoms because there is no energy advantage to form bonds.

Now with quantum chemistry out of the way, let us look at the history of our knowledge of nitrogen.  Until around the time of the American Revolution, little was known about chemistry.  Finally, some new thinkers started to experiment and found that air was not an element, but acutally a mixture of several gases.  Joseph Priestly, a translocated Englishman to America, is pretty much accepted as discovering oxygen, but he did not know what he had found.  What he did know was that the gas given off by, as I recall, spearmint plants grown under a glass made a candle burn extremely brightly and that mice, confined to an environment containing this gas lived much longer than ones confined to a similar environment containing regular air did, until they suffocated.  This is actually, although brutal sounding by modern standards, one of the first examples of a controlled experiment, essential for the scientific method.

I wrote a piece about Phlogiston many years ago, but it is still here somewhere.  Without going into detail, Priestly believed that bunk theory, and called oxygen Dephlogistonicated Air (all gases were called “airs” at the time).  It fit the theory at the time.

The brilliant French chemist, probably the first chemist as known in modern terms, Antoine Lavoisier, did the critical experiments.  He showed that the atmosphere was a mixture of two gases, what we now call nitrogen and oxygen.  He also assigned them to be in a class of what we now call elements, quite different from the Greek ones of earth, air, fire, and water.  Lavoisier was onto something, but was poorly armed with theory.  However, he actually pretty much, to use and analogy, was the grader that provided the roadbed for the pavement of modern thought.

Unfortunately, he was an aristocrat in France at a really bad time.  I am paraphrasing, but at least one person said that, due to the use of the guillotine on him,

In one second the mind of the century was severed.

That is only one reason that I am not a big capital punishment supporter.  There are lots more, but that is off topic here.

Lavoisier called called nitrogen azote, mean “without life”, since it would not support respiration.  We now know that nitrogen is essential for life, just not in its elemental form.  Nitrogen is an essential constituent of amino acids, which in turn form proteins, without which life as we know it is impossible.  That word continues to be used for compounds in which three nitrogen atoms align by cumulated double bonds to form the azide ion, N3, like hydrogen azide, HN3.  Most azides are both toxic and explosive.  By the way, if you have an automobile with an air bag, the chances are that it is loaded with sodium azide (NaN3, which explodes readily from an electrical impulse from sensors that detect collisions.  The major product is harmless nitrogen gas, and it inflates the bag FAST.  It has also been used as rodent poison.

First, we should look at some of its simple, common compounds.  In addition to elemental nitrogen in the atmosphere, nitrogen forms a number of binary compounds with oxygen.  Both of those elements are interesting, since they are both second row and highly electronegative, but oxygen is more electronegative than is nitrogen.  Electronegativity is, in basic terms, the tendency for an atom to attract electrons, either ones in free space or from other atoms.  There are a couple of scales for it, but the Pauling one, named in honor of the two time Nobel laureate Linus Pauling is the one that I prefer.  On that scale, elements with a number of 2 or greater tend to attract electrons, and ones with a number less than two tend to donate them.

The extremes from from 0.7 (for francium, the least electronegative element known) to 4.0 (for fluorine, the most electronegative element known and also a second row one).  Nitrogen is rated at 3.0, and oxygen at 3.5.  In general, the further away from around 2, the greater the reactivity of the ATOMS, not necessarily the MOLECULES of elements are.  The Noble Gases are arbitrarily assigned a value of zero, but that is for other purposes, to be treated in a separate post.  In any event, the larger the difference in electronegativity betwixt two atoms, the more ionic the bond is.

Since nitrogen and oxygen are fairly close in values, their bonds are more covalent than ionic.  That means that instead of transferring electrons from one atom to another, they are more of less shared.  Thus, in either molecular oxygen (O2) or molecular nitrogen (N2), the difference in electronegativity is zero, so on a time averaged scale, all of the valence electrons are equally shared.  In compounds of nitrogen and oxygen, they “spend more time” slightly nearer the oxygen, with a higher electronegativity.

Confused?  You should be.  These are macroscopic explanations of quantum mechanical phenomena.  But no matter. Let us look at a couple of rather common compounds of nitrogen and oxygen.

The simplest one, from its formula, is nitric oxide, NO.  However, it is far from simple, since it is a free radical, meaning that the molecule has a single unpaired electron, making it extremely reactive.  We chemists usually write its structural formula as N=O., with the equal sign representing a double bond (one sigma and one pi bond), and the dot representing the unpaired electron.

Molecules with a single unpaired electron are extremely reactive, for the most part.  They do damage to living cells in many cases, and other mischief.  But in the case of NO, things are a bit different.  It is a neurotransmitter in mammals!  Yes, this very highly reactive and potentially damaging compound actually serves to transmit nerve signals in certain systems.  As a matter of fact, the drugs known as Viagra, Cilalis, and Levetra actually stimulate the release of NO in the corpus cavernosum of the human penis, and the NO causes the blood vessels that drain the penis to close, allowing for an erection.  Those drugs also increase the NO levels elsewhere, and can cause severe cranial nerve damage (including temporary or more or less permanent loss of eyesight and/or hearing).  Hmmmmm.  Perhaps those TeeVee adverts should be looked at a little more in depth.

Now, NO is usually the culprit when oxygen and nitrogen are combined in a high temperature environment.  But it also reacts at a diffusion controlled rate with atmospheric oxygen to form an extremely pernicious compound, nitrogen dioxide, NO2.  This gas forms most of the brown look to smog that is still common in California, but much less that it would have been if air pollution laws had not been passed and enforced.

Nitrogen dioxide is extremely toxic, since the hydrolyzes to nitrous acid, and that gets further oxidized to nitric acid upon breathing it and thus exposing it to moisture in the lungs.  And let us get one myth straightened out right here:

Nitrogen dioxide (along with its sister oxides, called NOx is produced in every internal combustion engine, even ones running on methane or hydrogen.  NEVER be fooled to think that the only combustion product when using hydrogen as a fuel for cars is ONLY water.  Nitrogen oxides are ALWAYS produced because of the high temperature reactions betwixt the fuel (in this case, pure hydrogen) and the oxidizer (in this case air, 78% nitrogen).  There is ALWAYS a nitrogen oxide produced!

To limit the conversation a bit, it is important to realize that nitrogen dioxide exists in equilibrium with it dimer, dinitrogen tetroxide, N2O4.  The monomer is the more highly colored of the two, so more brown looking at high temperatures where it is more stable.  Both are about equally water reactive.  That is one of many reasons that “smog” looks less dark when it is cold, because the monomer has reverted to the dimer, which has little color.  It might still be harmful, if unseen.  This is quite counterintuitive to me, because I would have expected the dimer to be more common at higher temperatures because of Le Chatelier’s principle.  But experiment is more important than theory.

If we instead of adding an oxygen to NO but rather another nitrogen atom, we end up with nitrous oxide, N2O, also called laughing gas, the first medical anesthetic.  It was discovered by the brilliant British chemist, Sir Humphrey Davy, and became quite popular early on as a recreational drug.  Samuel Taylor Coleridge, who wrote The Rime of the Ancient Mariner, was a chum of Davy’s and they would have parties where this material was used.  In his journals he recorded, and I have to paraphrase the following:

If there be a Heaven, its Atmosphere must be composed of this wonderful Gas.

I also strongly suspect that this is the origin of the term for something wonderful, “It’s a gas”.  Nitrous oxide is still used extensively in dental practice (actually, the first use of it was the relatively painless removal of a tooth).  I had a summer job working at a welding supply and cylinder gas supply company and I HATED delivering nitrous oxide.  It turns out that, unlike oxygen or nitrogen, nitrous oxide exists as a liquid in the cylinder, and that makes them HEAVY!  In addition to medical use, nitrous oxide is also used as an oxidizer for a couple of specialty applications, including flame atomic absorption spectroscopy (for metals quantitative analyses), and also in high performance automobile racing.  Since nitrous oxide is a little over 33% oxygen compared to the atmosphere which is only 21% oxygen, fire burns faster (and thus hotter) when nitrous oxide is used.  Pure oxygen is too dangerous for either of those applications due to the risk of explosion.

Ammonia is a compound of nitrogen and hydrogen, NH3, and an extremely important industrial chemical, since almost all other nitrogen compounds (except for the ones mined) are made from it.  Most of us are familiar with household ammonia, a water solution of ammonia gas.  It is an excellent cleaning agent, being basic enough to cut grease readily, but volatile so that it does not leave a residue.  That is why it is often used in nonstreaking glass cleansing formulations.  It is also used as a fertilizer, since nitrogen is one of the three most important plant nutrients.

Almost all ammonia produced today is from the Haber ammonia synthesis process, developed by Fritz Haber in Germany around the World War I era.  Since nitrogen is an essential ingredient for almost all conventional (i.e., non nuclear) explosives, it was imperative that Germany develop a way to obtain it locally, since the vast nitrate deposits in South America were cut off during the war.  In this process, nitrogen is produced from the air, and hydrogen from water, natural gas, or coal.  The nitrogen and hydrogen are put in a pressure vessel, heated, and passed over a catalyst that lowers the activation energy for them to combine.  Only a few per cent of the materials actually react, but since ammonia is easy to cool enough to be extracted as a liquid, and since nitrogen and hydrogen are not, the unreacted gases are recycled over and over again.  The process is continuous, so new supplies of nitrogen and hydrogen are added to the reactor as needed.

This is a cheap and fairly efficient process for making ammonia, and from ammonia all of the important industrial nitrogen chemicals can be had, mostly by oxidation of the ammonia with the oxygen separated from the air that gave the pure nitrogen in the first place to our old friend nitrogen dioxide.  That is reacted with water to form the extremely useful industrial chemical, nitric acid.  Thus from only air and water, it is possible to produce some of the most useful materials in industry.

Nitric acid is used to make all sorts of things, from fertilizers to explosives to pharmaceuticals to plastics.  It is absolutely for modern industry, and quite a hazardous material, even for a strong acid.  It has a propensity to make anything made of cellulose extremely flammable, so fire and nitric acid sort of go hand in hand.  Nitric acid is not available in very many consumer products, so is rarely seen by the public.

I mentioned earlier that amino acids, and hence proteins, all contain nitrogen, the word amino referring to an -NH2> group and acid, in organic chemistry, a -COOH group.  Amino acids have the ability to link the amino group in one molecule with the acid group in a second (with the elimination of a water molecule) to form a peptide bond, the basic bond in proteins.  Proteins can be thousands and thousands of amino acids long, and are the basic structural and enzymatic materials in all life.

Remember the Chinese material that went into dog food and killed the dogs?  Since protein is high in nitrogen, a simple nitrogen analysis is often used to determine the price that a buyer is willing to pay for the material.  Normally, the higher the nitrogen content, the higher the protein content, thus a product high in nitrogen is more valuable than a lower nitrogen content one.  The Chinese adulterated the protein concentrate with melamine, a common and cheap industrial chemical with an extremely high nitrogen content.  The analysis generally used to determine nitrogen is not sensitive to what kind of nitrogen it is, so the test did show high nitrogen, but was not able to tell that the nitrogen did not come from protein.

Nitrogen is also part of DNA and RNA, in the form of bases that are arranged on a scaffold of either deoxyribonucleic acid for DNA or just ribonucleic acid for RNA.  DNA has the ability to make copies of itself because of hydrogen bonding betwixt two base pairs.  This is important because if the two strands of DNA were chemically bonded to each other, they could not separate for replication.  Since hydrogen bonds hold the two strands together, and hydrogen bonds only around 10% as strong as a “real” chemical bond, the strands can separate and new ones be created from each half strand.

Nitrogen is also present in the majority of pharmaceuticals in one form or another.  For example, insulin is a protein and thus contains nitrogen as explained just above.  Many pharmaceuticals are derived from alkaloids derived from plants, the nitrogen in an alkaloid giving them their alkaline character.  Morphine, use to treat pain, is an alkaloid derived from the opium poppy.  Cocaine (still used in medicine as a local anesthetic for eye surgery and for ear, nose, and throat surgery) is and alkaloid derived from the coca plant, originally from from South America.  Penicillin also contains nitrogen.

Plants require large amounts of nitrogen to grow, because it is necessary for them to have to build proteins. Since nitrogen is only slowly replaced, modern agriculture depends on heavy use (too heavy, in many cases) of commercial fertilizer.  (Phosphorous and potassium are also major components of commercial fertilizers).  Most of this nitrogen is Haber process nitrogen, although to a limited extent some natural nitrates are mined for this use.  Other than adding nitrogen (in a form that plants can use; they can not metabolize elemental nitrogen, so either ammonia, urea, or nitrates are added) by humans, the two major methods for replenishment of removed nitrogen include lightening and bacteria.

During thunderstorms, the high temperatures created by lightening cause the formation of small amounts of nitrogen dioxide, and this dissolves in rainwater to form nitric acid in very low concentration which falls on the soil.  Basic minerals convert the acid to inorganic nitrates, which plants can use.  Obviously, this is a very slow process.

Bacteria are faster.  Some plants, particularly many legumes (members of the pea family) harbor bacteria in nodules on their roots that do have the ability to convert atmospheric nitrogen to usable forms, most often ammonia.  Interestingly, many of these plants also produce seeds that are high in protein, and hence nitrogen.  Common examples include many kinds of beans, especially soybeans.  By rotating crops, planting soybeans one year and, say, corn (which does NOT contribute nitrogen) it is possible to keep a reasonable amount of nitrogen in the soil without the overuse of chemical fertilizers.

I hope that this brief introduction to this extremely important chemical element has been interesting and informative.  We shall now present another installment of Ed Lawrence’s recollections about being on the development team for the 8-Track system, continued from last week.  I really appreciate Ed writing this, specifically for Pique the Geek readers.

Back to the time line.  There were other people I worked with or near as well.  Bob Wells and Darrell Zielke worked in the room next to us.  I think their jobs dealt with various avionics for the Lear Jet.  They had a temperature chamber that we were allowed to use when necessary.  

Bob was a tall man and never said too much.  He seemed either very controlled or a bit morose.  I never could figure him out, as he was a very private person.  

Darrell was an entirely different sort.  Happy, handsome fellow that he was, he had married one of the most beautiful women I have ever met.  I believe Darrell was also a Amateur Radio Operator and presently lives in the state of Washington.  Because of his always-reasoned outlook on life, Darrell is high on the short list of people I am glad to have known.

One other interesting fellow was Lee Littlefield.  Blessed with a dry sense of humor, he was a bit somber in appearance, looking something along the lines of a thin Humphrey Bogart.  Lee related the following event to me.  He said that he had only been employed a couple of weeks, and was hard at work, bent over a drawing at his desk.  Lee never wore a tie as they made him uncomfortable.  A gruff voice from behind him said, “Why are you not wearing a tie?”  Without looking up from his work, Lee replied, “‘Cause I came here to work, not to look pretty!”  Silence followed.  After half a minute or so, Lee realized that he perhaps should know who had spoken to him.  He looked up and saw Bill Lear about to leave the area; apparently satisfied with the answer he had received.  Lee became one of Lear’s preferred engineers for difficult problems.

I participated in an interesting experiment.  An influential customer complained that he could hear a pitch change in the music from his 8-track when he turned a sharp corner.  Bill wanted this investigated, and I was chosen to do the testing.  I was to drive Bill Lear’s Caddy out on an empty area of the airport apron usually reserved for aircraft and service vehicles.  My feeling was that the customer imagined the pitch change as the mathematics indicated it would not be discernable to human senses.  With Frank Hacker acting as the observer, I proceeded to put Bill Lear’s Caddy through a series of sharp turns in either direction, at higher turn rates.  I didn’t quite get the Caddy up on two wheels, but I came close!  Poor Frank!  He stayed glued up against the passenger’s door, bug-eyed with fright like a nervous virgin at a drive-in movie with a sex-fiend!  I’m certain that any of the security guards thought two nuts had somehow stolen Lear’s car keys, and were out to destroy the world!  The tests verified that there was no change in the sound, even with violent turns.  This was reported back to Mr. Lear, and the matter was closed.  It was a lot of fun, though!

One more item I am certain is not widely known:  It was late one evening when we got the first of the production prototypes assembled and functioning as designed.  The head salesman was there to witness this, although it was about midnight.  He thought that this called for a drink, but the only booze in the place was in Bill Lear’s office.  He had an office key but not one to the liquor cabinet.  

I said, ” I can get in there.”  (I was well known for my ability to procure needed parts held in locked places.)  The salesman looked startled.  “You can’t damage Bill’s liquor cabinet!”  I assured that I would do no damage in the process.  I had some inside information.  A few days earlier, I had been tasked with installing a recording device for Lear’s private office use, and had seen the cabinet opened in my presence.  I had observed the nature of the locking device, and knew how easy it would be to defeat it.  We went down to the office, and I opened the liquor cabinet more quickly than it could have been opened with the key.  I suspect I am the only man it the world who ever broke into Bill Lear’s “private stock” and got away with it, clean!  I did not have a sample myself, as I am a non-drinker.

Things finally began working well together.  The testing was nearing completion on various models, especially on the one with the AM radio in addition to the 8-track player.  Bugs had mostly been worked out of all sub-systems, including the tape cartridge.  Only ramp-up to full production remained, and that required a move to larger quarters: a whole new plant!

One of the unusual aspects of working for Lear was that a few of the customers for the Lear Jet were very prominent people.  It is quite widely known that his private bodyguards always attended Frank Sinatra.  We got word that “The Voice” was coming to inspect the progress on his personal LearJet.  The excitement level in the plant rose to unprecedented levels as the expected arrival time neared.  No official word was passed that we should not bother Frank, or even greet him in any way.  It was not needed.  We knew that Bill Lear would not look favorably on anything less than pure professionalism on our part.  Remember the bit about the tie?  We worked at our tasks as normal.  Then suddenly, Bill Lear appeared, escorting Frank into our little lab, no bodyguard in sight.  I was standing about 12 feet from “Old Blue Eyes”, he looking neat and dapper, his right hand in his pocket, the little scar on his right cheek as plain as day.  One quick look, and I returned to my work.  No one spoke a word nor paid any attention to this giant celebrity in our room.  Unasked, we gave Bill Lear what we knew he wanted.

Later, in Detroit, another such celebrity toured our plant.  That was Danny Kaye.  He looked just like his pictures.  These two were the ones I personally observed.  I did not track the others who came through, but there were more than a few.

The new 8-track unit was almost production ready.  It was important to locate our manufacturing facility close to the major market consumers.  This meant being close to Detroit.  It was impractical to take everyone, and many of the affected employees would have been unable to take a position in Michigan even if it were offered.  The core knowledge was in the Engineering and Management Departments.  About 21 of us were selected to relocate to the Detroit area.  

The rumor was that Novi, MI was the selected site, about 30 miles northwest of Detroit.  When the details were finally released, it turned out to be in one of the northern Detroit suburbs.  (I don’t remember exactly where, but I suspect that I could drive there if there was a need.)

Well, you have done it again!  You have wasted many einsteins of perfectly good photons reading this airy piece.  And even though Mike Huckabee decries the use of torture when he reads me say it, I always learn much more than I could ever hope to teach writing this series, so keep those comments, questions, corrections, and other feedback coming.  Tips and recs are also very welcome.  Remember, no science or technology issue is off topic here.  I shall stick around as long as comments warrant, and shall return tomorrow evening around the same time for stragglers.

Happy Mothers’ Day, AND remember that 66 years ago today the Allies declared victory in Europe for World War II.

Warmest regards,

Doc

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