Too Soon To Tell

There’s an apocryphal story about how someone asked Mao whether the invention of fire had been a good or bad thing for the Chinese people.

His answer?  “Too soon to tell.”

In like manner I respond to the news of Bin Laden’s death.

Is he dead yet?  I’ve read some unsupported reports that he was buried at sea which, if true, will only lead to Hitler in Argentina exile theories and Elvis sightings.  How involved was Pakistan in protecting him if he was finally found in a villa 500 yards from the 15th tee at the officers’ golf course on the main military base in Islamabad?  Is it just co-incidence that this happened on the 8th anniversary of ‘Mission Accomplished’ and trashed the last 10 minutes of Celebrity Apprentice?

Too soon to tell.

Details that answer those questions may emerge in time, but to me the far more important question is- will the U.S. accept yes for an answer?

For the last 10 years we’ve gutted our Constitution, imprisoned innocents indefinitely without due process, tortured, murdered, and started wars of aggression all ‘in pursuit’ of Boogey Man Bin Ladin.

Now that he’s ‘dead’ will we stop?

Too soon to tell.

Monday Business Edition

Monday Business Edition is an Open Thread

From Yahoo News Business

1 Japan passes 4 trillion yen disaster relief budget

by David Watkins, AFP

Mon May 2, 3:57 am ET

TOKYO (AFP) – Japan’s parliament on Monday passed an emergency 4 trillion yen ($49 billion) relief budget to help fund reconstruction after the deadly March 11 earthquake and tsunami devastated northeastern regions.

Ruling and opposition lawmakers put aside their differences in an effort to launch efforts to rebuild the country’s quake-hit northeast as quickly as possible.

But analysts warned the passing of the budget will not ease pressure on under-fire Prime Minister Naoto Kan, who has faced criticism over the government’s handling of the crisis and the subsequent nuclear emergency.

AFP

2 Poland dreams of becoming shale gas El Dorado

by Bernard Osser, AFP

Sun May 1, 4:31 pm ET

WARSAW (AFP) – Poland is dreaming of becoming a European shale gas El Dorado thanks to estimates of huge deposits, which if confirmed could make it an natural gas powerhouse and free it from energy dependence on Russia.

“If early estimates are confirmed, it will be a revolution like in Norway or Great Britain after the discovery of natural gas in the North Sea,” Piotr Krzywiec, a geologist at Poland’s National Institute of Geology (PIG) told AFP in a recent interview. “Poland could become Europe’s number one or one of its largest natural gas producers,” he adds.

A recent US study, however, warned that shale gas carries a greater carbon footprint than oil, coal and conventional natural gas over at least a 20-year period due to emissions of methane — a greenhouse gas — in the extraction process known as “fracking” or hydraulic fracturing.

3 Sony apologises for breach, boosts security

by David Watkins, AFP

Sun May 1, 12:03 pm ET

TOKYO (AFP) – Sony on Sunday apologised for a security breach that compromised millions of users, and said it could not rule out the possibility that credit card information was stolen.

Sony executives bowed in apology and said the company would begin restoring its shut-down PlayStation Network and Qriocity online services in the next week as it moved to improve security after the breach hit 77 million accounts.

“This criminal act against our network had a significant impact not only on our consumers, but our entire industry,” said Sony executive deputy president Kazuo Hirai.

4 Next ECB rate hike coming soon, analysts say

by William Ickes, AFP

Sun May 1, 12:31 am ET

FRANKFURT (AFP) – The European Central Bank will keep its key interest rate at 1.25 percent this week, analysts say, but might signal a further hike amid climbing prices in the 17-nation eurozone.

Renewed fears of a Greek debt default will overshadow the meeting of ECB policymakers in Finland even though European Union (EU) leaders still reject speculation that financial markets now all but take for granted.

Economists expect the ECB governing council, gathering Thursday in Helsinki for one of two annual meetings away from the bank’s headquarters in Frankfurt, to hint at more rate hikes, with the first possibly as soon as June.

5 As profits surge, Europe’s carmakers rev up global ambitions

Sun May 1, 4:39 pm ET

PARIS (AFP) – Two years after a world economic downturn all but wiped them out, European carmakers have bounced back to the spotlight with Volkswagen aiming to be the industry leader and Fiat carving out a global brand for itself.

Unfettered of their obligations to repay state aid and riding out the expiry of government “cash-for-clunkers” schemes that initially plunged their revenue, carmakers this week gave rosy outlooks for the rest of fiscal 2011.

Germany’s Volkswagen reported a three-fold profit leap in the three months from January through March to 1.71 billion euros ($2.5 billion), selling two million cars, a new milestone for Europe’s biggest automaker.

6 China pays price for world’s rare earths addiction

by Allison Jackson, AFP

Sun May 1, 1:17 am ET

BAOTOU, China (AFP) – Peasant farmer Wang Tao used to grow corn, potatoes and wheat within a stone’s throw of a dumping ground for rare earths waste until toxic chemicals leaked into the water supply and poisoned his land.

Farmers living near the 10-square-kilometre expanse in northern China say they have lost teeth and their hair has turned white while tests show the soil and water contain high levels of cancer-causing radioactive materials.

“We are victims. The tailings dam has contaminated us,” Wang, 60, told AFP at his home near Baotou city in Inner Mongolia, home to the world’s largest deposits of rare earths, which are vital in making many high-tech products.

7 Pakistan tax dodgers put economy in peril

by Claire Truscott, AFP

Sun May 1, 1:49 am ET

ISLAMABAD (AFP) – Pakistan is defying mounting Western pressure to end a giant tax dodge with fewer and fewer people contributing to government coffers, spelling dire consequences for a sagging economy.

Tax is taboo in Pakistan. Barely one percent of the population pays at all, as a corrupt bureaucracy safeguards entrenched interests and guards private wealth, but starves energy, health and education of desperately needed funds.

Less than 10 percent of GDP comes from tax revenue — one of the lowest global rates and worse than in much of Africa, say economists.

8 Ex-US bases thrive in Philippines

by Cecil Morella, AFP

Sun May 1, 4:35 pm ET

SUBIC, Philippines (AFP) – Two huge former US military bases have found a new lease on life in post-Cold War Philippines, with budget airlines and cargo ships taking the place of fighter jets and destroyers.

The conversion of Subic Naval Base and Clark Air Base into tax-haven special economic zones nearly two decades ago has drawn a few thousand investors that include shipbuilders, electronic firms, airlines and tour operators.

The transition, however, has not been smooth and the vast areas, each about the size of Singapore, still do not live up to their potential with parts resembling ghost towns, officials involved in running them acknowledge.

9 Scandal taints Buffett’s status as American hero

by Andrew Beatty, AFP

Sun May 1, 5:53 am ET

OMAHA, Nebraska (AFP) – Nothing in the world is quite like Berkshire Hathaway’s annual shareholder meeting.

Part investment seminar, part stand-up comedy, it is above all a festival dedicated to capitalism and the firm’s CEO, Warren Buffett.

On Saturday, as many as 40,000 Buffett groupies — many of whom became rich through the firm — packed into a cavernous stadium in the rural state of Nebraska, listening with rapt attention to the pronouncements of the “Oracle of Omaha.”

10 Buffett to shareholders: deputy’s action ‘inexcusable’

by Andrew Beatty, AFP

Sat Apr 30, 4:10 pm ET

OMAHA, Nebraska (AFP) – Billionaire investor Warren Buffett sought to draw a line Saturday under a controversy sullying his normally Teflon image, blasting a key lieutenant’s behavior as “inexplicable and inexcusable.”

The revered magnate, who 20 years ago vowed to ruthlessly deal with staff who tarnish his firm’s reputation, told a stadium full of attentive shareholders that David Sokol had broken company rules in a share-trading scandal.

Once Buffett’s heir apparent, Sokol resigned after it emerged he bought $10 million worth of shares in chemicals firm Lubrizol before recommending Buffett’s Berkshire Hathaway group snap up the company. He gained an estimated $3 million from the deal.

11 Nivea cream marks 100th birthday, wrinkle-free

by Estelle Peard, AFP

Sun May 1, 12:40 am ET

FRANKFURT (AFP) – With its distinctive smell, texture and iconic blue pot, Nivea cream turns 100 this year as a brand found in bathrooms in 200 countries that is nonetheless battling to keep up with copycat products.

In 1911, a German named Oscar Troplowitz, head of pharmaceutical firm Beiersdorf, pioneered the use of the oil-in-water emulsifier “Eucerit” that proved to be an instant hit because it did not go rancid like its competitors.

He then added extract of orange, bergamot, lavender, rose, lilac and a touch of lily and christened his new invention “Nivea”, a name taken from the Latin word “niveus”, meaning snow-white.

12 WTO talks on ‘brink of failure’: Lamy

by Agnes Pedrero, AFP

Fri Apr 29, 2:04 pm ET

GENEVA (AFP) – The Doha round of global talks aimed at expanding free trade is on the brink of failure, World Trade Organisation chief Pascal Lamy warned on Friday, with experts signalling that a collapse could even threaten the WTO.

Lamy added to the gloomy atmosphere that has prevailed in recent weeks after negotiators met at WTO headquarters in Geneva to take stock of their most recent attempts to overcome a decade of deadlock.

“My frank assessment is that under the right conditions of temperature and pressure a deal would be doable… were it not for NAMA (Non Agricultural Market Access, or industrial goods),” the WTO director general said.

13 EU probes banks over debt insurance abuses

AFP

Fri Apr 29, 11:01 am ET

BRUSSELS (AFP) – Europe launched antitrust probes Friday into giant US and European banks whose fine-slicing of the insurance market was blamed by debt-ridden eurozone states for pushing them into bailouts.

The investigation focuses on Credit Default Swaps (CDS), derivative financial products traded between financial institutions or investors originally meant to protect investors in the event a company or state they have invested in defaults on payments, but also used today in speculative investment portfolios.

These products have helped push up yields when trading government bonds issued by Greece and other struggling European states.

Reuters

14 Japan says no limits to Tepco liability from nuclear disaster

By Taiga Uranaka, Reuters

1 hr 12 mins ago

TOKYO (Reuters) – Tokyo Electric Power should face unlimited liability for damages stemming from its crippled nuclear power plant, Chief Cabinet Secretary Yukio Edano said on Monday, indicating Japan’s government will take a hard line against the utility in its rescue plan.

Officials from the government, Tokyo Electric (9501.T), and creditor banks have been scrambling to craft a scheme that would allow the utility to cope with the massive bill of compensating displaced residents while staying in business as a private firm.

The plan under discussion would create a fund to provide loans for and buy preferred shares from Tokyo Electric, commonly known as Tepco. Other utilities would pay premiums as a buffer against future accidents, and Tepco would repay the fund from its profits over several years, sources with knowledge of the talks have told Reuters.

15 Sony freebies help soothe anger at data breach

By Isabel Reynolds and James Topham, Reuters

2 hrs 5 mins ago

TOKYO (Reuters) – Sony Corp has won over some gamers by offering free access to its PlayStation Network to compensate for the leak of personal details on 78 million user accounts, but still has some way to go to regain the trust of consumers.

Many PlayStation users around the world were angry and frustrated that the first warning of one of the largest Internet security break-ins ever came a week after Sony detected a problem with the network on April 19.

Sony on Sunday apologized and said it would gradually restart the PlayStation Network with increased security and would offer some free content to users.

16 Swaps players to beg U.S. regulators for speed, delay

By Christopher Doering, Reuters

44 mins ago

WASHINGTON (Reuters) – Wall Street banks and major market players will deliver a mixed message to U.S. regulators at a meeting this week: hurry up and tell us what you are going to do, but give us more time to respond before you do it.

U.S. futures and securities regulators, having issued draft versions of most of the major rules required to overhaul the vast over-the-counter derivatives market, are holding a roundtable on Monday and Tuesday to hear from industry on how they should schedule the rollout of their reforms.

Bankers, exchange executives and traders have been fiercely critical of the brisk pace of reform, arguing that sloppy rules could reduce market liquidity, push more trading to unregulated markets, and ultimately lead to higher prices for consumers.

17 Buffett believes reputation after Sokol still intact

By Ben Berkowitz, Reuters

Sun May 1, 7:00 pm ET

OMAHA, Nebraska (Reuters) – Warren Buffett believes his reputation is intact, the U.S. economy needs more jobs and that Donald Trump is not going to be the next president.

He offered those and dozens of other opinions in a wide-ranging news conference on Sunday that capped off the annual meeting weekend for Berkshire Hathaway, his ice-cream-to-insurance conglomerate.

Buffett also told Reuters Insider in an interview that none of the people on Berkshire’s secret CEO succession list know they are on the list — but the top candidate for the job will not need any convincing to take it.

18 Quake sinks Japan April car sales to record low

By Chang-Ran Kim and Hyunjoo Jin, Reuters

Mon May 2, 3:19 am ET

TOKYO/SEOUL (Reuters) – Japanese new vehicle sales in April halved, sinking to the lowest monthly tally on record, as domestic automakers felt the full brunt of the March 11 earthquake that caused unprecedented disruption to car production.

In stark contrast, the fortunes of South Korea’s Hyundai Motor (005380.KS) and affiliate Kia Motors (000270.KS) brightened, as they benefited from the Japanese automakers’ woes to post double-digit growth in global sales for the month.

Sales of vehicles excluding 660cc microcars in Japan fell 51.0 percent from the year before to 108,824 units last month, with market leader Toyota Motor Corp (7203.T) putting in the worst performance with a 69 percent drop.

19 Warner Music $3 billion buyout could be done this week: source

By Yinka Adegoke, Reuters

Sun May 1, 5:36 pm ET

NEW YORK (Reuters) – Final buyout bids for Warner Music Group are due on Monday and the company could be sold by the end of the week in a deal valued at over $3 billion, according to a person familiar with the matter.

The third round of bids is led by two competing financial groups Len Blavatnik’s Access Industry and a joint bid by Tom and Alec Gores’ Platinum Equity and Gores Group, according two people.

The Warner Music sale process is taking place against a backdrop of ongoing declines in music sales as executives struggle to figure out new business models to guarantee the future of the industry. While Warner Music continues to generate reasonable levels of cash on its balance sheet — a key metric for investors — it will still be seen as a risky investment in a very tough market.

20 Wages high on central bank radars

By Kristina Cooke, Reuters

Sun May 1, 5:34 pm ET

NEW YORK (Reuters) – Central bankers around the world are at different stages when it comes to combating price pressures, but all of them are keeping a close watch on wages for early warning signs of future inflation.

Brazil’s central bank last week expressed growing concern about above-inflation wage deals and said interest rates will remain high for a long time to counter the inflation threat.

In the United States, meanwhile, wages have been largely stagnant due to stubbornly high unemployment. That’s one reason Federal Reserve Chairman Ben Bernanke thinks the oil-related jump in inflation will be fleeting and interest rates can stay at record lows.

21 German government experts see Greece restructuring debt

By George Georgiopoulos, Reuters

Sat Apr 30, 8:42 am ET

ATHENS (Reuters) – Two German government advisers see a debt restructuring by Greece as inevitable while two of the overborrowed country’s ministers continued to rule it out in newspaper interviews on Saturday.

Mounting fears that Greece will have to restructure a debt mountain expected to reach 340 billion euros this year, roughly one and a half times its output, have pummeled Greek bonds, driving yield spreads over German bunds to new record highs.

“For me restructuring is the only road to take, for Greece to feel some relief and for creditors to contribute to the solution of the Greek problem,” Lars Feld, one of the five “wise men” who advise the German government on economic policy, told To Vima newspaper in an interview.

22 EU hits banks with credit default swap probe

By John O’Donnell and Luke Baker, Reuters

Fri Apr 29, 8:18 pm ET

BRUSSELS (Reuters) – The $28 trillion credit default swaps market came under investigation on Friday by the European Union, adding to official pressures bearing down on a huge and opaque business that is widely blamed for aggravating the recent banking and euro zone debt crises.

The European Commission, the EU’s executive body, said it is probing whether major investment banks, including Goldman Sachs and JP Morgan, colluded in their operations in a market that is already under scrutiny by U.S. authorities and being subjected to broad, new regulations.

Credit default swaps, or CDS, are derivatives that let a buyer transfer loan default risk to a seller, making them a kind of insurance against default. CDS can also be bought by speculators without direct interest in the debts involved.

23 U.S. plans to exempt forex swaps from new rules

By Rachelle Younglai, Reuters

Fri Apr 29, 6:53 pm ET

WASHINGTON (Reuters) – In a big win for business, the Treasury proposed on Friday to exempt commonly used foreign exchange swaps and forwards from the most onerous new rules for the derivatives market.

The Treasury Department said that forcing these financial products through clearinghouses and onto exchanges was not necessary because existing procedures in the foreign exchange market mitigate risk and ensure stability.

Any disruptions to this market “could have serious negative economic consequences,” the department said.

24 Microsoft stock tumbles after Windows sales dip

Reuters

Fri Apr 29, 6:33 pm ET

SEATTLE (Reuters) – Microsoft Corp shares fell as much as 5 percent on Friday, a day after the software company reported a dip in its Windows operating system sales.

The world’s second-largest tech company behind Apple Inc met Wall Street’s profit estimate and beat on overall sales in its earnings report on Thursday.

But investors were concerned with lower personal computer sales nagging at Windows, Xbox sales bringing down profit margins and losses in its online business.

AP

25 Tourists visiting Fukushima despite nuclear fears

By TOMOKO A. HOSAKA, Associated Press

1 hr 1 min ago

FUKUSHIMA, Japan – On a windy, chilly day near the top of a volcano known as “little Mount Fuji,” the Ryan family of Florida described the fuss back home before they left.

“People thought we were crazy,” said Kerry Ryan, 52, of Cape Coral, Fla.

“They said we’d come back glowing,” 10-year-old granddaughter Isabelle Ryan added.

26 Japan’s parliament passes tsunami recovery budget

By MARI YAMAGUCHI, Associated Press

1 hr 54 mins ago

TOKYO – Japan’s parliament passed a $48 billion tsunami recovery budget Monday that will only start to cover the cost of what was the most expensive disaster ever.

As more budgetary battles lie ahead, mounting frustrations over the government’s response to the tsunami and the still-unfolding nuclear crisis at the crippled Fukushima Dai-ichi power plant are threatening to topple the country’s prime minister.

The 4 trillion yen budget supplement to the fiscal year that started in April was unanimously approved by parliament’s upper house budget committee Monday morning and was made into law at the chamber’s plenary session later in the day. The more powerful lower house had approved the plan Saturday.

27 Berkshire doesn’t plan big changes after scandal

By JOSH FUNK, AP Business Writer

Sun May 1, 7:52 pm ET

OMAHA, Neb. – Berkshire Hathaway CEO Warren Buffett says he doesn’t think his reputation has been hurt much by a former top executive’s questionable investment in Lubrizol shortly before Berkshire announced plans to buy the chemical company.

Berkshire also doesn’t plan to change the way its managers are overseen because of the episode.

Buffett and Berkshire’s Vice Chairman Charlie Munger were asked about David Sokol’s actions Sunday at a news conference that concludes Berkshire Hathaway’s annual shareholder events. The two also discussed the prospects for another financial crisis and the qualities of the holding company’s next CEO.

28 Customers stay despite high-profile data breaches

By JORDAN ROBERTSON, AP Technology Writer

Sun May 1, 3:13 pm ET

SAN FRANCISCO – Week after week, thieves break into corporate computer systems to steal customer lists, email addresses and credit card numbers. Large data breaches get overshadowed by even larger ones.

Yet people are turning over personal information to online retailers, social networks and other services in growing numbers. The point at which people lose trust in the websites they deal with appears further away than ever before, if it exists at all, as shopping, socializing and gaming online becomes deeply embedded in modern life.

People have come to accept that sharing information is the price of a meaningful, connected life online – even if they don’t like it.

29 Sony execs apologize for network security breach

By YURI KAGEYAMA, AP Business Writer

Sun May 1, 6:43 am ET

TOKYO – Sony executives bowed in apology Sunday for a security breach in the company’s PlayStation Network that caused the loss of personal data of some 77 million accounts on the online service.

“We deeply apologize for the inconvenience we have caused,” said Kazuo Hirai, chief of Sony Corp.’s PlayStation video game unit, who was among the three executives who bowed for several seconds at the company’s Tokyo headquarters in the traditional style of a Japanese apology.

Hirai said parts of the service would be back this week and that the company would beef up security measures. But he and other executives acknowledged that not enough had been done in security precautions, and promised that the company’s network services were under a basic review to prevent a recurrence.

30 Atlantic City looks to bus more homeless back home

By WAYNE PARRY, Associated Press

Sun May 1, 2:11 pm ET

ATLANTIC CITY, N.J. – Larry Bogan knows precisely how much it costs for a bus ticket from Atlantic City back home to Pompano Beach, Fla.: $126. Unfortunately, that’s $126 more than he has at present.

And so instead of cooking in a restaurant or driving a tractor trailer for someone like he used to do, Bogan eats at a soup kitchen and sleeps on park benches or in a train or bus station each night. He’s one of about 500 homeless people living in the nation’s second-largest gambling market.

Reducing Atlantic City’s homeless population is a key element of a new effort to help the struggling casino resort get back on its feet after more than four years of plunging revenues, lost market share and layoffs. A state agency plans to allocate just under $100,000 to a local homeless shelter to buy bus or plane tickets back home for any homeless person who wants to leave.

31 Group of 6 senators hones plan to cut US deficits

By ANDREW TAYLOR and STEPHEN OHLEMACHER, Associated Press

Sun May 1, 2:14 pm ET

WASHINGTON – A bipartisan group of six senators is closing in on what could represent the best chance for tackling a deficit crisis that has forced the government to borrow more than 40 cents of every dollar it spends.

Their plan, still a work in progress, would reduce borrowing by up to $4 trillion over the next decade by putting the two parties’ sacred cows on the chopping block. Republicans would have to agree to higher taxes while Democrats would have to accept cuts in popular benefit programs such as Medicare, Medicaid and maybe even Social Security.

There is urgency to their work.

32 Workers demand better jobs, pay on May Day

By VERENA DOBNIK, Associated Press

Sun May 1, 6:00 pm ET

NEW YORK – Thousands of workers and immigrant laborers took to the streets on Sunday to celebrate May Day, demanding rights for those “who toil in the sun” while others pocket the profits.

The message in Manhattan – delivered with bullhorns and drums – was echoed by millions of workers around the world, from Havana to Berlin and Istanbul.

The burning issues were the same: more jobs, better working conditions, higher wages and decent health care.

33 Buffett says mistakes were made in handling Sokol

By JOSH FUNK, AP Business Writer

Sun May 1, 12:27 am ET

OMAHA, Neb. – Berkshire Hathaway’s annual meeting on Saturday was dominated by somber topics, as Warren Buffett explained to roughly 40,000 shareholders how the company had been battered by a trusted former employee’s misdeeds and a string of natural disasters.

Buffett assured the crowd at an Omaha convention center that Berkshire is strong enough to withstand both the David Sokol scandal and the estimated $1.7 billion in insurance losses that drove profits down 58 percent in the first quarter.

Buffett said he doesn’t think he will ever understand why Sokol bought stock in Lubrizol shortly before recommending that Berkshire buy the chemical company. Buffett said he believes Sokol clearly violated Berkshire’s ethics and insider trading policies.

34 Swan Lake vs slums: Egypt faces housing challenge

By TAREK EL-TABLAWY, AP Business Writer

Sun May 1, 1:15 am ET

CAIRO – From the roof of the house in which he lives, Mohammed Hassan can see some of central Cairo’s most prized real estate. A five-star hotel sits in the distance to the right, the towering foreign ministry building seems close enough to touch, and the Nile is a straight shot ahead.

The 27-year-old restaurant delivery driver shares the eight-room mud brick home with his mother and three siblings.

And then there’s the seven other families that also live there, each in one of the rooms. All of the at least 70 residents share a toilet that’s basically a hole in the ground.

35 5 banks fail in Fla., Ga., Mich.; makes 39 in ’11

Associated Press

Fri Apr 29, 7:57 pm ET

WASHINGTON – Regulators on Friday shut down banks in Florida, Georgia and Michigan, a total of five closures that lifted the number of U.S. bank failures this year to 39.

The pace of closures has slowed, however, as the economy improves and banks work their way through piles of bad debt. By this time last year, regulators had closed 64 banks.

The Federal Deposit Insurance Corp. seized First National Bank of Central Florida, based in Winter Park, Fla., with $352 million in assets, and Cortez Community Bank of Brooksville, Fla., with $70.9 million in assets.

36 Beijing turns to currency to cool inflation

By JOE McDONALD, AP Business Writer

Fri Apr 29, 11:29 pm ET

BEIJING – Surging inflation that helped trigger protests in Shanghai is prompting China’s leaders to turn to a tool they long resisted: speeding up the rise of the country’s tightly controlled currency.

Rising prices are a political threat to China’s communist leaders and they have declared taming inflation their priority. But they suffered a setback in March, when a double-digit jump in food costs pushed inflation to a 32-month high of 5.4 percent. That was despite four interest rate hikes since October, curbs on bank lending and government orders to producers to hold down price increases.

How fast to let the yuan gain is a high-stakes balancing act. A stronger yuan could help ease inflation by making oil and other imports cheaper. But Beijing also worries that a rising yuan might hurt exports and lead to job losses and unrest, so any gains will likely still be too small for Washington and other critics that say an undervalued yuan is swelling China’s trade surplus.

37 Casinos see opening in online poker indictments

By OSKAR GARCIA, Associated Press

Fri Apr 29, 9:07 pm ET

LAS VEGAS – With the three biggest online poker companies in the U.S. shut down, traditional American casino companies hope to quickly cash in on an industry worth billions of dollars.

Casinos hoping to fill the void created by a federal crackdown are pushing louder for legalization and regulation so they can line up tens of thousands of likely regulars.

They say thousands of Americans are playing poker online despite attempts to stop them, including the federal indictments this month of Internet poker executives on money laundering and fraud charges.

38 EU targets 16 major banks in swaps market probes

By GABRIELE STEINHAUSER, AP Business Writer

Fri Apr 29, 5:17 pm ET

BRUSSELS – The European Union’s competition watchdog is investigating the practices of some of the world’s largest banks, as well as a clearing house and a financial data firm, in the market for credit default swaps.

The two probes home in on a market that has come under fire for lacking transparency and allegedly worsening market turmoil during the financial crisis.

While the investigations focus on competition issues, they accompany a wider regulatory crackdown in Europe and the United States on credit default swaps and other derivatives and could have implications for the broader functioning of the market. In that market, several companies control trillions of dollars of financial instruments.

On This Day In History May 2

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 2 is the 122nd day of the year (123rd in leap years) in the Gregorian calendar. There are 243 days remaining until the end of the year.

On this day in 2011, Osama bin Laden, the head of Al Qaeda and mastermind of the 9/11 attacks on the United States, died . He was killed in an attack on the compound where he was hiding outside the Pakistan capital of Islamabad. U.S. President Barack Obama announced on national television that bin Laden had been killed in Abbottabad, Pakistan by American military forces and that his body was in U.S. custody.

Mayor Bloomberg hopes bin Laden death comforts victims

The killing of Osama bin Laden does not lessen the suffering that New Yorkers and Americans experienced at his hands, but it is a critically important victory for our nation — and a tribute to the millions of men and women in our armed forces and elsewhere who have fought so hard for our nation. New Yorkers have waited nearly 10 years for this news. It is my hope that it will bring some closure and comfort to all those who lost loved ones on September 11, 2001.

It has been reported that bin Laden’s body is being treated with respect to Islamic tradition.

 1194 – King Richard I of England gives Portsmouth its first Royal Charter.

1230 – William de Braose is hanged by Prince Llywelyn the Great.

1335 – Otto the Merry, Duke of Austria, becomes Duke of Carinthia.

1536 – Anne Boleyn, Queen of England, is arrested and imprisoned on charges of adultery, incest, treason and witchcraft.

1559 – John Knox returns from exile to Scotland to become the leader of the beginning Scottish Reformation.

1568 – Mary, Queen of Scots, escapes from Loch Leven Castle.

1611 – King James Bible is published for the first time in London, England, by printer Robert Barker.

1670 – King Charles II of England grants a permanent charter to the Hudson’s Bay Company to open up the fur trade in North America.

1672 – John Maitland becomes Duke of Lauderdale and Earl of March.

1757 – End of Konbaung-Hanthawaddy War, and end of Burmese Civil War (1740-1757)

1808 – Outbreak of the Peninsular War: The people of Madrid rise up in rebellion against French occupation. Francisco de Goya later memorializes this event in his painting The Second of May 1808.

1816 – Marriage of Leopold of Saxe-Coburg and Charlotte Augusta.

1829 – After anchoring nearby, Captain Charles Fremantle of the HMS Challenger, declares the Swan River Colony in Australia.

1863 – American Civil War: Stonewall Jackson is wounded by friendly fire while returning to camp after reconnoitering during the Battle of Chancellorsville. He succumbs to pneumonia eight days later.

1866 – Peruvian defenders fight off Spanish fleet at the Battle of Callao.

1876 – The April Uprising breaks out in Bulgaria.

1879 – The Spanish Socialist Worker’s Party is founded in Casa Labra Pub (city of Madrid) by the historical Spanish workers’ leader Pablo Iglesis.

1885 – Good Housekeeping magazine goes on sale for the first time.

1885 – Cree and Assiniboine warriors win the Battle of Cut Knife, their largest victory over Canadian forces during the North-West Rebellion.

1885 – The Congo Free State is established by King Leopold II of Belgium.

1889 – Menelik II, Emperor of Ethiopia, signs a treaty of amity with Italy, which gives Italy control over Eritrea.

1906 – Closing ceremony of the Intercalated Games in Athens, Greece.

1918 – General Motors acquires the Chevrolet Motor Company of Delaware.

1920 – The first game of the Negro National League baseball is played in Indianapolis, Indiana.

1932 – Comedian Jack Benny’s radio show airs for the first time.

1933 – Gleichschaltung: Adolf Hitler bans trade unions.\

1945 – World War II: Fall of Berlin: The Soviet Union announces the capture of Berlin and Soviet soldiers hoist their red flag over the Reichstag building.

1945 – World War II: Italian Campaign – General Heinrich von Vietinghoff signs the official instrument of surrender of all Wehrmacht forces in Italy.

1945 – World War II: The US 82nd Airborne Division liberates Wöbbelin concentration camp finding 1000 dead inmates, most starved to death.

1946 – The “Battle of Alcatraz” takes place, killing two guards and three inmates.

1952 – The world’s first ever jet airliner, the De Havilland Comet 1 makes its maiden flight from London to Johannesburg.

1955 – Tennessee Williams wins the Pulitzer Prize for Drama for Cat on a Hot Tin Roof.

1963 – Berthold Seliger launches a rocket with three stages and a maximum flight altitude of more than 100 kilometres near Cuxhaven. It is the only sounding rocket developed in Germany.

1964 – Vietnam War: An explosion sinks the USS Card while docked at Saigon. Viet Cong forces are suspected of placing a bomb on the ship.

1964 – First ascent of Shishapangma the fourteenth highest mountain in the world and the lowest of the Eight-thousanders.

1969 – The British ocean liner Queen Elizabeth 2 departs on her maiden voyage to New York City.

1972 – In the early morning hours a fire broke out at the Sunshine mine located between Kellogg and Wallace, ID, killing 91 workers.

1982 – Falklands War: The British nuclear submarine HMS Conqueror sinks the Argentine cruiser ARA General Belgrano.

1994 – In a bus disaster in Poland, 32 people die.

1995 – During the Croatian War of Independence, Serb forces fire cluster bombs at Zagreb, killing 7 and wounding over 175 civilians.

1998 – The European Central Bank is founded in Brussels in order to define and execute the European Union’s monetary policy.

1999 – Panamanian election, 1999: Mireya Moscoso becomes the first woman to be elected President of Panama.

2000 – President Bill Clinton announces that accurate GPS access would no longer be restricted to the United States military.

2002 – Marad massacre of eight Hindus near Palakkad in Kerala.

2004 – Yelwa massacre of more than 630 nomad Muslims by Christians in Nigeria.

2008 – Cyclone Nargis makes landfall in Myanmar killing over 138,000 people and leaving millions of people homeless.

Holidays and observances

   * Birth Anniversary of Third Druk Gyalpo, also Teacher’s Day (Bhutan)

   * Christian Feast Day:

       Athanasius of Alexandria (Western Christianity)

       Boris I of Bulgaria (Bulgarian Orthodox Church)

       Germanus of Normandy

       Waldebert (Roman Catholic Church)

       May 2 (Eastern Orthodox liturgics)

   * Flag Day (Poland)

   * Holiday of the Region of Madrid (Community of Madrid)

   * National Education Day (Indonesia)

   * Teacher’s Day (Iran)    

Six In The Morning

Osama bin Laden killed in US raid on Pakistan hideout

‘Justice done’ and body buried at sea, says US, after al-Qaida leader is killed by special forces at Abbottabad compound

Declan Walsh in Abbottabad, Ewen MacAskill in Washington and Jason Burke in New Delhi

guardian.co.uk, Monday 2 May 2011 10.15 BST

Osama bin Laden, mastermind of the 11 September 2001 attacks and the world’s most wanted man, has been killed in a US operation in north-western Pakistan, Barack Obama has announced.

“Justice has been done,” the US president said in a statement that America has been waiting a decade to hear. A US official said Bin Laden had already been buried at sea.

US special forces launched a helicopter-borne assault on a closely guarded compound in Abbottabad, 30 miles north-east of Islamabad, on Sunday night, Obama and US officials said.

Robert Fisk: ‘We will never cease our struggle until we bring down Assad’

Robert Fisk hears the defiance of Syrian refugees

Monday, 2 May 2011

Something terrible happened in the small Syrian town of Tel Kalakh. At the most it was a massacre of 40 civilians; at the least a day of live-firing into unarmed protesters, torture, arrests and panic. Almost half the Sunni Muslim population fled over the river frontier into Lebanon, babes in arms, old people in wheelchairs, pushed through the shallow waters of the Nahr el-Kbir.

Perhaps 4,000 of the Syrian Sunnis made it to the safety of Lebanon to be given food, shelter and blankets by relatives and by strangers and they were there yesterday – 80 living in one house alone scarcely 20m from Syria, desperate to praise the kindness of the Lebanese, fearful of the things they had seen, ferocious in their anger against their president.

May Day protests take place globally

Demonstrators in France, Greece, Turkey, Egypt, Germany and Iraq were among those protesting on a range of issues

Damien Pearse The Guardian, Monday 2 May 2011  

 Hundreds of thousands of people in countries across the world have taken part in global street protests to mark May Day.

Demonstrators in France, Greece, Turkey, Egypt, Germany and Iraq were among those protesting on a range of issues including unemployment, women’s rights and immigration.

In France up to 120,000 people turned out for marches in 200 locations. The protesters voiced anger over high unemployment – measured at 9.6% – and job cuts in the public sector, while showing support for popular uprising across the Arab world.

Tsunami barrier plan to protect nuclear plant

 

Yuji Okada May 2, 2011

Plans are well under way to build a tsunami barrier near the No. 2 and No. 3 reactors at the crippled Fukushima Daiichi nuclear plant, a spokesman for Tokyo Electric Power said.

Satoshi Watanabe said yesterday that the company was taking steps to protect the plant against sea surges caused by possible aftershocks and that the barrier should be in place by the middle of next month.

Meanwhile, the Prime Minister, Naoto Kan, has pleaded for public understanding after an opinion poll showed three-quarters of people questioned his leadership and handling of the post-disaster crisis.

Will the Muslim Brotherhood soon control Egypt’s parliament?

The Muslim Brotherhood’s new plans to contest 50 percent of Egypt’s parliamentary seats in upcoming elections are sparking concern that it will impose its Islamist ideas on the population.

By Kristen Chick, Correspondent  

The Muslim Brotherhood’s new political party will field candidates in about half the parliamentary seats in Egypt’s first post-revolution elections, leaders announced Saturday.

After years of being banned from politics and persecuted by former President Hosni Mubarak, the official launch of the group’s Freedom and Justice Party was a historic moment.

Leaders portrayed the party as inclusive, saying Christians and women can join. In accordance with Egyptian law, the party is officially civil, not religious, and is independent from the group. Leaders also repeated an earlier pledge not to run a candidate in presidential elections

China’s new indoor smoking ban takes effec  

Smoking is one of the greatest health threats the country faces, government statistics show

Associated Press    

BEIJING – China’s latest push to ban smoking in indoor public venues came into effect Sunday, but the vaguely defined rules were not expected to dramatically reduce the country’s heavy tobacco addiction.

Smoking, which is linked to the deaths of at least 1 million people in China every year, is one of the greatest health threats the country faces, government statistics show. Nearly 30 percent of adults in China smoke – about 300 million people, a number roughly equal to the entire U.S. population.

DocuDharma Digest

Regular Features-

Featured Essays for May 1, 2011-

DocuDharma

Osama bin Laden is Dead: Up Date

Osama bin Laden dead: officials

US president expected to announce that al-Qaeda leader has died and that US is in possession of the body

It is being reported that he was killed by the CIA  in Islamabad, Pakistan at a mansion where he was staying. The reports are also stating that the US has his body. All of this is still unconfirmed.Now confirmed that bin Laden is dead and his body is in the custody of the US and being treated with respect to Islamic tradition.

Osama Bin Laden Dead, Obama Announces

Osama Bin Laden is dead, President Obama announced Sunday night, in a televised address to the nation. His death was the result of a U.S. operation launched today in Abbottabad, Pakistan, against a compound where bin Laden was believed to be hiding, according to U.S. intelligence. After a firefight, a small team of American forces killed bin Laden and took possession of his body, the president said.

The announcement that Obama would speak came at 9:45 p.m., less than an hour before he was initially scheduled to go on the air. The unusual hour, and the fact that the White House gave no details about the topic, set off a flurry of speculation.

Officials long believed bin Laden, the most wanted man in the world, was hiding in a mountainous region along the Pakistan-Afghanistan border.

Pique the Geek 20110501: Doomsday, December 21, 2012

This is going to be a busy evening, because there are several things to cover.  First, I shall give a correction to last weeks’ Pique the Geek after the fold.  Next, we shall discuss the very silly notion that 20121221 is the end of times.  Finally, we shall get some more information about 8-track tape technology from one of the original developers.

That is one of the nice things about blogging:  you “meet” a lot of people.  This individual (who gave me permission to identify by name) was on the development team just about from the start, and has written a memoir (JUST for Pique the Geek, by the way) and I shall add parts of it, in suitably sized pieces, at the end of PTG until we reach the end.

I had originally planned to write about the Noble Gases of the Periodic Table, but I happened to be puttering around the house when a TeeVee show about this came on today.  The interesting thing to me is that almost everything is just made up from whole cloth.

First, the correction.  Last week I indicated that the incredibly stupid Trace Gallagher from the Fox “News” Channel repeatedly referred to crucifixion as “crucification”.  This is in error.  In fact, it was the stupendously stupid Jon Stewart who used that term.  I regret the error.

Now let us go to 20121221 Disaster.  Most “authorities” on this subject refer to the Mayan Calendar as its genesis.  It is true that the current long cycle of the Mayan Calendar (and it is a long period, 394.24 years) ends on or about 20121221, and that this date is the end of the 13th long cycle since the inception of the current one, or 5125 years since the start of the first long cycle of the series.  After the end of the 13th one, a new cycle starts.  No where in Mayan records is it indicated that this was the end of time, rather the end of the current reckoning cycle and the start of a new one.

Coincidentally, it appears that this date also corresponds to an astronomical event that happens every 25,800 years.  The earth, sun, and galactic center will be in alignment on that date, except that is not necessarily so.  Because this apparent alignment changes with latitude and the time with longitude, the date and time are ambiguous.  In addition, it is not possible to determine the galactic center with enough precision to say this in the first place.  This 25,800 year unit is an artifact of the earth having a slight wobble (technically called precession, think of a top spinning with a bit of wobble), and the magnitude of it is such that we trace out a complete circle in the wobble every 25,800 years.

Somehow that got conflated with the Mayan calendar (it is unclear if the Maya were aware of precession, since the process takes so long), but there is no integer relationship with the precession period and the long year or 13 of them, the ratios being 65.4 and 5.03.  OK, you can say that 5.03 is pretty close to an integer, but why five?  It had no special meaning to the Maya.

The 2012 Disaster proponents believe that the earth, and time itself, will end on that date.  Personally, I think the potential for disaster falls in early November of 2012, specifically on a Tuesday, but that is just me.  Here are a few predictions that they have made.

The one that I like the best is that the magnetic poles of the earth rotate by about 90 degrees, ending up near the equator.  It is a fact that the magnetic poles have shifted by more than that many times   However this occurs over thousands of years, not in a day.  Various theories have been proposed to account for this sudden shift, notably the pseudoscientific torsion field physics explanation promoted by the world class crackpot Richard C. Hoagland.  This “theory” promotes the idea that there are certain concentrations of a mysterious energy that can act as antigravity at various locations determined geometrically, and that this energy is becoming “out of balance”, and that on the date in question it will “snap” to get back to where “it wants to be”.  By the way, this is the same guy who believes that the moon astronauts did not report about the glass buildings on the moon because NASA hypnotized them to make them forget, and that the rock formation on Mars that resembles, with the right angle of the sun, a human face (IF you REALLY want to believe) was actually carved by Martians who fled Mars for Earth and were our ancestors.

Anyway, if the magnetic poles shift, depending on what nut you believe, several things can happen.  According to one, since the crust of the earth is magnetized, the entire crust will shift to follow the poles, essentially tearing the crust of the earth everywhere, with earthquakes and volcanoes that will end all life.  Think of plate tectonics at warp factor 9!   Some other crackpot says, no, that is not what will happen, but rather the earth will spin backwards, stressing the crust until essentially the same things happen.

Of course this is ridiculous.  However, there is certainly one serious consequence of the magnetic poles shifting by 90 degrees (remember, we are talking thousands of years, not instantly).  It turns out, that if you think of it, it is very convenient for our magnetic and spin axis poles coincide.  Because of the shape of the magnetic field, the current polar regions are not as shielded from radiation as are the lower latitudes.  Since the lower latitudes are more hospitable for human living, our electric grid is more protected by the magnetic field that it would be if the magnetic poles were closer to the equator.  I shall worry about that in a few thousand years.

The magnetic field of the earth varies constantly, and is in an apparent weakening phase at present.  This has happened before and will happen again.  One problem with life on the current Mars is that it finally lost its magnetic field (analysis of rocks by our robots show that it once did have one, but no longer has) and therefore has no protection for solar flares, amongst other radiation from space.  That happened because the molten core of Mars finally solidified, thereby becoming unable to generate a magnetic field since, according to the discipline of magnetohydrodynamics a liquid phase is essential.  Mars is much smaller than the earth, so lost its heat much more quickly than we have.

Another disaster scenario is that a huge coronal mass ejection (CME) will strip the magnetic field from the earth.  That is not possible, as long as there is a liquid, metallic outer core and that the earth rotates.  It IS possible for a really large CME to overcome the protective effect of the magnetosphere, but not for long.  This has actually happened in the past.  One event around a decade ago interfered with the electric grid in Canada, and a really big one back in September of 1859.  The 1859 event was so large that aurorae were seen as far south as Cuba.  The electric grid at the time consisted of only telegraph lines, since electrical power plants had not yet been developed and the telephone was still in the development stage.

That storm released so much energy that the currents induced in the telegraph lines were of a high enough voltage to shock telegraph operators!  Since the telegraph grid was pretty robust and not that extensive, it did not require a whole lot of repair to get it back in service.  However, if such a geomagnetic storm were to happen today, the damage to the present grid would be devastating.  Some estimates (by credible sources) indicate that it might take years to restore the grid.  Imagine being without electricity for years!  I friend of mine put it this way back in college (before the internet), “No TeeVee!  No food!  No BUDWEISER!”  But why is this associated with 2012?

We are indeed nearing a peak in solar activity, which operates on a roughly eleven year cycle.  However this cycle is of low amplitude, and NOAA estimates that the peak will occur in May of 2013, not in 2012.  Well, close enough.  You also have to look a probabilities.  Since a CME is like a bullet, with no way to change course after occurring, it has to happen at a very specific place on the surface of the sun in order to strike earth.  Since the sun is about 150 million km from the earth, it is rare indeed for one to strike us.  At solar minima, a CME occurs, roughly, every five days, whilst during a solar maximum we are looking at around three per day, a 15 fold increase.  But as I said, NOAA predicts a below average maximum this cycle based on what has occurred so far.

One of my favorites is that we are going to collide with a large planet on that date.  The problem with that is that we would already SEE it, even without a telescope!  Well, others argue that it is not a planet, it is a black hole.  Yeah, that’s the ticket!  A black hole!  Sorry, we would already have detected its gravitational effect on us.  Once again, bunk.

There is another problem with using the Mayan calendar to predict doomsday.  That problem is that there are references to dates further out then our 20121221 in Mayan records.  If that were the end of time, there would be no references to them.  This whole thing is just bunk, for several reasons.  First, all calendars are arbitrary.  All systems have different start dates, relative to the Gregorian one that we use, so it is pure coincidence that the end of the 13th long year of the Mayan calendar lands on 20121221.  Second, there have been other dates suggested instead of that one.  As a matter of fact, the most credible proponent Michael Coe a Ph.D. (Harvard) anthropologist who is considered one of the academic community’s greatest authority on the Maya actually first calculated the date to be 20111224.  OH NO!  It is closer than we thought!  He recalculated it to be 20130111, and finally accepted 20111223.  The 20121221 date was calculated by Robert Sharer, another highly respected academic.  Neither Coe nor Sharer believe that actual destruction of the universe will occur then, but rather indicate that the Maya might have believed it.

Another problem is that the Mayan calendar was really most likely the Olmec (a more ancient people) calendar.  Thus, even the terminology is incorrect.  Yet another problem is that the concept of the end of time is a repeating idea in all cultures, and all cultures, almost without exception, have attempted to determine when this will happen.  The Hindu tradition is particularly rich, with the Puranic school believing in and endless cycle of creation and destruction.  Christianity has the Book of Revelation, whilst many “primative” societies have similar ones.

I think that this is sufficient to debunk the 20111221 end of times nonsense.  There is absolutely no basis in fact in it, and even the mechanisms dreamt up to provide for its becoming so are pretty much beyond the pale.

I think that I mentioned that one of the original developers of the 8 Track system contacted me after reading my piece a few weeks ago.  He was kind enough to write a narrative of those days.  Here is half of the first piece that he sent me.  I shall post the second half next week, and I believe that he is going to send more, which I shall post as it comes.  I very much appreciate him taking the trouble to do this, and it is an exclusive here at Pique the Geek.

THE LEARJET 8-TRACK AND ME

By Edward A. Lawrence

Set your mental clock back almost a half a century.  1964 is about right.  Now envision the plight of a married Electronics Technician, freshly out of a job at North American Aviation due to a Government Contract that NAA had failed to land.  Did I mention that my wife was expecting?  No?  Well, she was!

Ohio born, I used the loss of that job as a reason to run to that (to me) unknown city, Denver!  This was in late July.  Colorado had its own problems with the rising unemployment rate and the Unemployment Office folks gently advised me to scurry back home, or at least depart Colorado!  Not in a mean way, just that everyone would be better off.

I dropped down to Colorado Springs as there were some job leads in the Denver newspaper that looked promising.  The trip was a pleasure for this boy from the flatlands of Northern Ohio.  Every time I looked west, I saw those magnificent mountains, every mile bringing new wonders.  I “did” a few of the attractions, my favorite being The Garden of The Gods.  Unfortunately, the only job offered to me was a Technical Writing position with one of the largest firms in the area and I was unsure of my writing skills, never having had any real work experience in that field.

About that time I read in the local newspaper that Lear had gotten certification on the Lear Jet, over in Wichita, KS.  That looked promising.  I had worked on aircraft electronics in my last job, so Lear might have a use for my skills.  I drove the remainder of that day and most of the night.  After only about two hours sleep in the previous 24, I arrived at the LearJet plant in Wichita.

I was tired.  I was grungy, unshaven, still wearing the clothes I had driven all night in, more than a bit unkempt.  Still, I had no other local prospects so I proceeded to the Employment Office.  I had no prepared resume.  My work history was pretty simple at age 25, only three years out of the US Army.  Life was a bit simpler then.  I just filled out the Employment Application from memory.

Next came a surprising written test.  This bugger started off with easy questions in electronics but got progressively tougher with each question.  I am usually the first in a room full of applicants to finish an exam.  50% of the allotted time is generally what it takes me.  Not this time!  The test expanded its range, demanding answers to practical but mechanical issues on assembly techniques.  Each question required longer to answer than the one before.  At last, the allotted time expired.  I had failed to complete the entire test, and this had never happened before.  

The girl asked me to wait while the engineer who would do the technical evaluation came to get me.  He showed up a few minutes later, a man a few years older than I.  I noted his crisp but non-hostile manner.  As we walked toward whatever came next, I asked who had written that test.  “That is the meanest test I have ever taken” I remarked.  “Who wrote it?”  Dick Kraus answered in a matter-of fact manner, “Oh, I did.  I give that test to the Technicians to see how much they know, and to the Engineers to see how practical they are.”

Dick asked me a few questions as we walked along.  You need to have a picture in your mind of the size of an aircraft plant.  A Lear Model 23 is larger than a Cessna 150 and smaller than a Gulfstream.  It takes a lot of area under roof to build a production line in addition to the Engineering Test areas.  It took about 10 minutes walking time to get where we were going.

We finally got to the ‘little’ 8-track production area.  This was perhaps 60 x 120 feet, upstairs, entered from an outside covered walkway.  Dick showed me around and introduced me to the people who I might need to know.  To my surprise one of the Line Foremen said, “I know Ed.  We met at a party in Rochester, Minnesota.”  I took a closer look and recognized the man.  We each were hundreds of miles away from our home states but here we were at Lear.

After we left the production area, we went to the 8-track Engineering area.  Here is where design changes were tested, and the 8-track tapes recorded.  There was a tall, slender, dark-haired girl running a custom recording console, wearing headphones to monitor the audio being recorded at normal speed.  

There also was a sharp featured, intense, slender young man with a shock of blondish hair that was a bit unruly.  He said nothing.  One other man was there, clearly the head Technician.  He and Dick had several pleasant exchanges, using the verbal shortcuts that render whatever is being conveyed unintelligible to any outsider.  No real introductions here, just an intro to the head Tech, his name being lost to me.  He left Lear before I really got to know him, but he was a good man.  If I remember correctly, he had headed up a Field Service group for a while before leaving.

Leaving this part of the tour, I asked Dick if I could have some time to clean up before I met any more people.  I explained that I had basically driven all night, needed a wash-up and a shave, as well as a change of clothes to be presentable.  Dick agreed and I went off to clean up.  I ran down to the closest gas station and asked if I could use their restroom for a bit to change clothes.  That accomplished, I went back, and Dick and I continued the tour.  I asked, “Who do I meet next?”  Dick answered “Oh, you’ve met them all.  You have the job if you can accept the wage offer.”

The rate was below what I had been making at North American but I could live on it.  I took the job.  Later I found out that I had been offered about 10% more than others that were hired for similar positions.  I guess I did OK on that test.

I’ll omit the move from Columbus, Ohio to Wichita.  Just me, my pregnant wife and our second-hand German Shepard – Husky mix, named Satan.  No, I did not name him.  He had that name when we got him.

We settled into small quarters in South Wichita.  It was really a converted motel with minimal space, a U-shaped drive, young married couples, and the occasional teenager.  The roads in that part of Wichita were unpaved (dirt) with all of the niceties you expect in that setting.  (None!)

As I was working insane hours and my wife had a TV to pass her time, all went well.  Insane hours?  Try this:  Work until you drop.  Go home and sleep.  Wake up and go back to work.  Seven days a week, as many hours as you can stand.  We were rushing to finish up the 8-track tape player and get the test production rolling.  

Bill Lear kept close tabs on EVERYTHING.  He knew the name of every one of his approximately 300 employees.  He would drop in unannounced and, placing his hand upon your shoulder, say: “Well, Ed, what are you doing today?”

I quickly sensed that one was never fixing a problem.  One was making an improvement to the product.  Bill might ask a question, nod at the answer and leave to inspect some other area of his kingdom.

What was Bill Lear like to work for?  The best!  He inspired loyalty, did not attempt to micro-manage, allowed you to work as long as you could in order to deliver the goods as quickly as possible.  I did not usually deal with him directly but we all understood what he was after and that it would be best not to disappoint him.  Money seemed to him to be the tool that needed to be applied to make things happen.  Although others saw him exercised (angry) when they diverted their energies to trivial side issues, I never heard him raise his voice.

Was I Bill Lear’s friend?  No, I was his employee.  I did the job I was paid to do, aiming to achieve the goal that had been set.  But I would have felt a failure if I had not given the task everything I had to give.  I was a good employee.  So was everyone else employed there that I ever met.  

Near Christmas, my wife delivered us a fine daughter.  I had no insurance and the hospital business office clearly felt that I would ‘stiff’ them for the bill.  The tired-looking lady dejectedly suggested that I could set up payments and eventually pay off the $400 bill.  I told her that I would pay it out of my next paycheck.  I informed her that I worked a lot of overtime and it would not be a problem, and that is just how it worked out.

The weird hours always generated protesting calls from the Payroll Department.  “You’ve messed up your time card again!  You didn’t punch out Monday evening.  Then you came in early Tuesday at 4:30 AM,  punched out again at 4 PM when you should have left no earlier than 5 PM, and from there on we can’t figure out when you worked!  You’ll have to come down here and straighten this out!”  We would calmly inform them that we had punched in and out correctly, as usual.  

Then we would truck over to Payroll once again and sit down (once again) and proceed to show them when we had gotten there and when we left, just as it was punched on the card.  They really seemed to feel that we were doing this just to make their life difficult.  Next Payday, another encore!  Same old script, same old players, fresh wailing from the inhabitants of the Payroll Department!  A pox upon accounting departments and their narrow minds!

I got to know the two employees who I was not introduced to when I first visited the 8-track Engineering Area.  They were brother and sister, the children of a German engineer Bill Lear had hired.  Klaus Kindt was an Electronic Technician.  Krista was his older sister and approximately my age.  Klaus spoke better English than Krista.  Both were highly intelligent, as was their father.  Both were great to work with.  

Strange to say, we did not socialize much with the vast majority of Lear employees.  We had little time for that as all excess time and energy was spent working toward getting the new model 8-track ready for production.  We lunched together, usually right in our lab.  The common goal gave us the feeling of being members of an extended family.  The social bond was strong but available time was inadequate.  

We needed more help.  Another round of applicants presented themselves for another Electronic Technician after the prior Head Technician left our group.  Dick Kraus narrowed the field to two applicants.  Dick asked me which I would choose if it were up to me.  As I was (and still am) an Amateur Radio Operator, I favored the applicant who was another Amateur.  I felt that the practical experience from Amateur Radio would be a large plus for that applicant.  Dick apparently agreed as he hired him.  That person, Francis (Frank) Hacker, became a part of our little group.  He died late January 2011 after being my friend for 47 years.  He had moved to Texas about 1966 and held the call W5RNF for the last few decades.  

The person who worked on the development of the 8-track cartridge itself was Frank Schmidt.  He and Frank Hacker were both Kansas boys and remained fairly close over the years.  Frank Schmidt presently resides in Mulvane, KS.

Well, you have done it again!  You have wasted many einsteins of perfectly good photons reading this disastrous piece.  And even though the Manhattan Megalomaniac temporarily stops trying to get attention for himself when he reads me say it, I always learn much more than I could ever hope to teach by writing this series, so keep the comments, questions, corrections, and other feedback coming.  Remember, nothing about science or technology is off topic here, so do not hold back.  I shall stay around as long as comments warrant tonight, and shall return tomorrow evening to check for stragglers.

Warmest regards,

Doc  

Evening Edition

Evening Edition is an Open Thread

From Yahoo News Top Stories

1 British, Italian missions torched as Kadhafi son killed

by W.G. Dunlop, AFP

8 mins ago

TRIPOLI (AFP) – Demonstrators torched British and Italian diplomatic buildings in Tripoli on Sunday, after Libya accused NATO of trying to assassinate Moamer Kadhafi in an attack that killed one of his sons and three young grandchildren.

And the port in the besieged rebel-held city of Misrata was set ablaze in a deadly bombardment by forces loyal to the Libyan strongman, witnesses said.

Libyan government spokesman Mussa Ibrahim told reporters in Tripoli that the house of Kadhafi’s second-youngest son, Seif al-Arab, “was attacked tonight with full power.

AFP

2 Kadhafi son killed after talks offer rejected

by W.G. Dunlop, AFP

Sat Apr 30, 7:40 pm ET

TRIPOLI (AFP) – Libyan leader Moamer Kadhafi’s youngest son and three grandchildren were killed in an air strike Saturday, a spokesman said, after rebels and NATO dismissed an offer for talks to end Libya’s crisis.

“The house of Mr Seif al-Arab Moamer Kadhafi … who is the youngest of the leader’s children, was attacked tonight with full power. The leader with his wife was there in the house with other friends and relatives,” government spokesman Moussa Ibrahim told a news conference in Tripoli early on Sunday.

“The attack resulted in the martyrdom of brother Seif al-Arab Moamer Kadhafi, 29 years old, and three of the leader’s grandchildren,” Ibrahim said.

3 Kadhafi ‘directly targeted’ as son killed, says regime

by W.G. Dunlop, AFP

Sun May 1, 11:52 am ET

TRIPOLI (AFP) – The Libyan regime says a NATO raid killed a son of Moamer Kadhafi and three grandchildren, but that the strongman escaped unhurt in what it called a deliberate attempt to assassinate him.

Hours after the attacks, angry demonstrators set fire to the Italian embassy and the residences of the Italian and British ambassadors in Tripoli, an AFP correspondent said, adding that no one was in the buildings at the time.

Speaking early Sunday, Libyan government spokesman Mussa Ibrahim said the house of Seif al-Arab Kadhafi “was attacked tonight with full power.

4 Hundreds arrested in Syria sweep: activists

AFP

2 hrs 45 mins ago

DAMASCUS (AFP) – Hundreds of dissidents were arrested across Syria on Sunday, including in the flashpoint town of Daraa and a besieged Damascus suburb, after dozens were killed in weekend protests, activists said.

Anti-regime activists called for fresh protests aimed at breaking the week-long siege of the capital’s Douma suburb and of Daraa, as well as in solidarity with other towns faced with deadly crackdowns.

Six civilians were killed in Daraa on Saturday, a day after massive protests over the Muslim weekend in Syria where rights groups say the civilian death toll from unprecedented demonstrations that erupted on March 15 has topped 580.

5 Seven killed as Syrian forces seize Daraa mosque

AFP

Sat Apr 30, 5:00 pm ET

DAMASCUS (AFP) – Troops and snipers killed six civilians on Saturday in the flashpoint Syrian city of Daraa, activists said, as people buried scores of people killed in a “day of rage” on Friday.

As protesters buried scores of people killed Friday in a “day of rage,” activists vowed to keep up the pressure on the regime of President Bashar al-Assad, promising a new week of pro-democracy rallies.

And 138 more members of Assad’s ruling Baath Party quit in protest at the deadly crackdown on pro-democracy demonstrators, according to collective resignation lists received by AFP in Nicosia.

6 Sweeping arrests in Syrian flashpoint towns

AFP

Sun May 1, 8:58 am ET

DAMASCUS (AFP) – Syrian forces arrested more dissidents on Sunday in the flashpoint southern town of Daraa and in a Damascus suburb under siege for a week, according to activists, after two days of fresh bloodshed.

Anti-regime protesters appealed for new protests to launch a “week of breaking the siege” imposed on Daraa and the Douma suburb, and other towns facing deadly crackdowns.

Six civilians were killed in Daraa on Saturday, after a day of massive protests in Syria, where rights groups say the civilian death toll from unprecedented protests that erupted March 15 has topped 580.

7 Syrian protesters plan week ‘to break the siege’

AFP

Sun May 1, 5:33 am ET

DAMASCUS (AFP) – Anti-regime protesters in Syria on Sunday planned the start of a “week of breaking the siege”, a day after troops killed six civilians in the southern flashpoint city of Daraa.

The Syrian Revolution 2011, a driving force behind the protests, vowed in a Facebook statement that “we will only kneel before God,” and gave a schedule of protests in solidarity with the Daraa and the Damascus suburb of Douma, both besieged since Monday.

Troops in tanks backed by other armoured vehicles cruised Daraa streets on Sunday, shooting to keep residents indoors and arresting men aged 15 and over, an activist from the town told AFP in Nicosia by telephone.

8 Hundreds of thousands attend May Day rallies worldwide

Sun May 1, 11:54 am ET

PARIS (AFP) – Hundreds of thousands of people around the world attended May Day rallies Sunday to defend workers’ rights many say are under fresh attack, and to press for social justice and democratic reform.

From Hong Kong to Indonesia, Moscow to Paris, protesters marched and rallied in largely peaceful demonstrations for international Labour Day.

In Russia, hundreds of thousands took to the streets in May Day rallies, with pro-government demonstrations organized by pro-Kremlin parties and trade unions far outnumbering those protesting the current regime.

9 Next ECB rate hike coming soon, analysts say

by William Ickes, AFP

Sun May 1, 12:31 am ET

FRANKFURT (AFP) – The European Central Bank will keep its key interest rate at 1.25 percent this week, analysts say, but might signal a further hike amid climbing prices in the 17-nation eurozone.

Renewed fears of a Greek debt default will overshadow the meeting of ECB policymakers in Finland even though European Union (EU) leaders still reject speculation that financial markets now all but take for granted.

Economists expect the ECB governing council, gathering Thursday in Helsinki for one of two annual meetings away from the bank’s headquarters in Frankfurt, to hint at more rate hikes, with the first possibly as soon as June.

10 Sony apologises for breach, boosts security

by David Watkins, AFP

Sun May 1, 12:03 pm ET

TOKYO (AFP) – Sony on Sunday apologised for a security breach that compromised millions of users, and said it could not rule out the possibility that credit card information was stolen.

Sony executives bowed in apology and said the company would begin restoring its shut-down PlayStation Network and Qriocity online services in the next week as it moved to improve security after the breach hit 77 million accounts.

“This criminal act against our network had a significant impact not only on our consumers, but our entire industry,” said Sony executive deputy president Kazuo Hirai.

11 NASA postpones Endeavour launch again

by Jean-Louis Santini, AFP

1 hr 14 mins ago

CAPE CANAVERAL, Florida (AFP) – NASA on Sunday delayed the final launch of the space shuttle Endeavour until the end of the week at the earliest, after technical problems uncovered last week proved more complex than originally thought.

In a new delay for the US space program’s penultimate shuttle launch after last week’s scrubbed flight, electrical failures in the power supply to a fuel-line heating unit caused engineers to scrub the launch hours before liftoff Friday, NASA said.

The US space agency said a plan to try again on Monday now also is a no-go.

12 Sony apologises for breach, boosts security

by David Watkins, AFP

Sun May 1, 12:03 pm ET

TOKYO (AFP) – Sony on Sunday apologised for a security breach that compromised millions of users, and said it could not rule out the possibility that credit card information was stolen.

Sony executives bowed in apology and said the company would begin restoring its shut-down PlayStation Network and Qriocity online services in the next week as it moved to improve security after the breach hit 77 million accounts.

“This criminal act against our network had a significant impact not only on our consumers, but our entire industry,” said Sony executive deputy president Kazuo Hirai.

13 A million cheers as John Paul II declared ‘blessed’

by Jean-Louis de la Vaissiere, AFP

1 hr 15 mins ago

VATICAN CITY (AFP) – Pope Benedict XVI bestowed the status of “blessed” on his predecessor John Paul II on Sunday in front of a million people in a ceremony that puts the late pope one step away from sainthood.

A giant banner bearing a smiling portrait of the charismatic Polish pope was unveiled over the facade of Saint Peter’s Basilica after Benedict pronounced the formula of beatification just six years after John Paul’s death.

Eighty-seven official delegations were also in attendance and pilgrims waved flags from around the world in the sun-drenched square, reprising the chant of “Santo Subito!” (Sainthood Now!) that had been shouted at his funeral.

14 Saints beat Perpignan to reach European rugby final

AFP

2 hrs 57 mins ago

MILTON KEYNES, England (AFP) – Northampton set up a European Cup final against Leinster after notching up a comfortable 23-7 victory over Perpignan on Sunday.

The Saints will now face the Irish province, 32-23 winners over Toulouse on Saturday, in the final of European club rugby’s showpiece event at Cardiff’s Millennium Stadium on May 21.

Tries from England full-back Ben Foden and centre Jon Clarke, allied with three penalties and two conversions from outside-half Stephen Myler were enough to outclass Perpignan, for whom hooker Guilhem Guirado scored a try converted by Nicolas Laharrague.

15 Buffett to shareholders: deputy’s action ‘inexcusable’

by Andrew Beatty, AFP

Sat Apr 30, 4:10 pm ET

OMAHA, Nebraska (AFP) – Billionaire investor Warren Buffett sought to draw a line Saturday under a controversy sullying his normally Teflon image, blasting a key lieutenant’s behavior as “inexplicable and inexcusable.”

The revered magnate, who 20 years ago vowed to ruthlessly deal with staff who tarnish his firm’s reputation, told a stadium full of attentive shareholders that David Sokol had broken company rules in a share-trading scandal.

Once Buffett’s heir apparent, Sokol resigned after it emerged he bought $10 million worth of shares in chemicals firm Lubrizol before recommending Buffett’s Berkshire Hathaway group snap up the company. He gained an estimated $3 million from the deal.

16 Scandal taints Buffett’s status as American hero

by Andrew Beatty, AFP

Sun May 1, 5:53 am ET

OMAHA, Nebraska (AFP) – Nothing in the world is quite like Berkshire Hathaway’s annual shareholder meeting.

Part investment seminar, part stand-up comedy, it is above all a festival dedicated to capitalism and the firm’s CEO, Warren Buffett.

On Saturday, as many as 40,000 Buffett groupies — many of whom became rich through the firm — packed into a cavernous stadium in the rural state of Nebraska, listening with rapt attention to the pronouncements of the “Oracle of Omaha.”

Reuters

17 Libya says Gaddafi survives air strikes, but son killed

By Lin Noueihed, Reuters

1 hr 52 mins ago

TRIPOLI (Reuters) – Libya said Sunday Muammar Gaddafi’s youngest son and three grandchildren were killed in a NATO air strike and Britain said that while it was not targeting the leader, it was homing in on his military machine.

Libyan government spokesman Mussa Ibrahim said Gaddafi was unharmed and in good health despite what he called “a direct operation to assassinate the leader of this country.”

The deaths have not been independently confirmed.

18 Yemen transition deal teeters as Saleh fails to sign

By Mohammed Ghobari and Mohamed Sudam, Reuters

1 hr 53 mins ago

SANAA (Reuters) – A deal to remove Yemeni President Ali Abdullah Saleh looked doomed Sunday after he refused to sign, raising the threat of more instability in the Arab state.

The pact would have made Saleh, a shrewd political survivor who has been in power for 33 years, the third ruler ousted by a wave of popular pro-democracy uprisings sweeping the Arab world. He had been due to sign the deal Saturday.

Yemen’s opposition, furious over the last-minute change of heart that it described as political maneuvering, said it was considering escalating pressure on the president to step aside after three months of street protests demanding his ouster.

19 Taliban renew Afghan offensive despite U.N. plea

By Hamid Shalizi and Rob Taylor, Reuters

Sun May 1, 8:28 am ET

KABUL (Reuters) – Taliban-led insurgents killed at least 11 people across Afghanistan in a renewed springtime offensive on Sunday despite a huge security clampdown, hours after the United Nations pleaded for all sides to avoid civilian casualties.

The hardline Islamists have warned civilians to stay away from public gatherings, military bases and convoys, as well as government offices, because those sites would be the target of a wave of attacks beginning on Sunday.

Both sides of the conflict have vowed to protect civilians — the civilian toll hit record levels in 2010 — but more than half of those killed on Sunday were ordinary Afghans.

20 Gas prices and debt to dominate Congress in May

By Richard Cowan, Reuters

1 hr 22 mins ago

WASHINGTON (Reuters) – The Congress returns to work on Monday to begin negotiations in earnest on the government’s jumbo-sized debt, even as Republicans and Democrats trade blame for soaring gasoline prices.

Tamping down voter anger over rising prices at the pump has emerged as a top priority for the White House, which has seen President Barack Obama’s approval ratings take a beating during Congress’s two-week spring recess.

With polls showing higher pump prices undermining Americans’ confidence in Obama’s economic leadership, Republicans are keen to exploit an issue that could hurt the Democratic president’s chances of reelection in 2012.

21 Sony to resume some PlayStation services

By Isabel Reynolds, Reuters

1 hr 44 mins ago

TOKYO (Reuters) – Sony said it would resume some services on its PlayStation Network this week and offer incentives to customers to try to prevent them turning to competitors after the theft of personal information belonging to 78 million user accounts.

Top Sony executives apologized for the massive data breach at a news conference in Tokyo Sunday, the first public comments from senior management on the crisis.

“We apologize deeply for causing great unease and trouble to our users,” Kazuo Hirai, Sony’s No. 2 and the front-runner to succeed CEO Howard Stringer, said, bowing deeply three times during a lengthy news conference. Stringer was not at the event.

22 Pope John Paul II beatified before massive crowd

By Philip Pullella and Catherine Hornby, Reuters

1 hr 41 mins ago

VATICAN CITY (Reuters) – The late Pope John Paul II was moved a major step closer to sainthood on Sunday at a ceremony that drew about a million and a half people to Rome and was celebrated by Catholics around the world.

“From now on Pope John Paul II shall be called ‘blessed,'” Pope Benedict proclaimed in Latin, bringing cheers to the largest crowd in Rome since John Paul’s funeral six years ago.

Benedict praised his predecessor as a man who “restored to Christianity its true face as a religion of hope.”

23 Pilgrims make long, arduous trips to fete John Paul

By Catherine Hornby, Reuters

1 hr 51 mins ago

VATICAN CITY (Reuters) – For Jan Skibinski, there was only one place to be on the day the late Pope John Paul II took the last step before sainthood.

The Polish customs agent drove his family 29 hours from their hometown on the border with Belarus and queued with hundreds of thousands of people through the night so he could make it into St. Peter’s Square for the beatification of Poland’s most famous native son.

Clutching a red-and-white Polish flag, he was among tens of thousands of devotees from Poland, flanked by pilgrims from all over the world in the biggest crowd in Rome since John Paul’s funeral six years ago.

24 Buffett admits error, says Sokol events inexcusable

By Ben Berkowitz, Reuters

Sat Apr 30, 7:38 pm ET

OMAHA, Nebraska (Reuters) – Warren Buffett said he was wrong not to press David Sokol about purchases of Lubrizol Corp stock while his former top lieutenant was pitching the chemicals company as a possible takeover target for Berkshire Hathaway Inc.

It was the kind of answer investors had clamored to hear from Buffett at this year’s Berkshire annual meeting, ordinarily a lovefest for tens of thousands of shareholders, and over which the Sokol episode had cast a cloud.

Buffett said Sokol had violated Berkshire insider trading rules by failing to disclose his January purchase of Lubrizol shares, less than four weeks after starting talks with Citigroup Inc bankers about the company.

AP

25 Vandals attack embassies in Libya after airstrike

By KARIN LAUB and EDITH M. LEDERER, Associated Press

20 mins ago

TRIPOLI, Libya – Vandals attacked the Italian and British embassies in the Libyan capital Sunday, hours after officials said Moammar Gadhafi escaped a NATO missile strike that killed one of his sons and three young grandchildren. The unrest prompted the United Nations to pull its international staff out of Tripoli.

Britain responded to the attack on its embassy complex, which left the buildings badly burned, by announcing that it was expelling the Libyan ambassador to London.

NATO’s attack on a blast wall-ringed Gadhafi family compound in a residential area of Tripoli late Saturday signaled escalating pressure on the Libyan leader who has tried to crush an armed rebellion that erupted in mid-February. Libyan officials denounced the strike as an assassination attempt and a violation of international law.

26 NATO on defensive over strikes close to Gadhafi

By SLOBODAN LEKIC, Associated Press

Sun May 1, 12:53 pm ET

BRUSSELS – After two airstrikes in a week on targets close to Moammar Gadhafi, NATO was on the defensive Sunday over accusations that it was overstepping its mandate by trying to kill the Libyan leader.

Russia said Sunday that the bombing of the home of Gadhafi’s youngest son raised “serious doubts” about NATO’s assertions that it is not targeting the Libyan strongman or his relatives.

“Disproportionate use of force … is leading to detrimental consequences and the death of innocent civilians,” the Russian Foreign Ministry warned.

27 Gulf bid to end Yemen crisis nears collapse

By AHMED AL-HAJ and HAMZA HENDAWI, Associated Press

1 hr 54 mins ago

SANAA, Yemen – A deal to end Yemen’s political crisis neared collapse on Sunday after the country’s embattled president refused to personally sign it, leaving a deadlock that threatens to plunge the impoverished Arab nation and key U.S. ally deeper into disorder and bloodshed.

An unraveling of the deal for Ali Abdullah Saleh to step down after nearly three months of protests against his rule would greatly increase the prospects of more bloodshed in a nation long beset by serious conflict and deep poverty and which is home to al-Qaida’s most active offshoot.

At least 140 people have been killed in the government’s crackdown on the protesters, who have nonetheless grown in number week after week. The violence, which has included sniper attacks, has prompted several top military commanders, ruling party members, diplomats and others to defect to the opposition, largely isolating the president.

28 Despite siege, Syrians vow to keep protesting

By DIAA HADID, Associated Press

1 hr 50 mins ago

CAIRO – The Syrian military intensified its vigorous assault on the besieged city at the center of the country’s uprising Sunday as defiant residents who have been pinned down in their homes for nearly a week struggled to find food, pass along information and bury their dead.

President Bashar Assad is determined to crush the six-week-old revolt, which began in the southern city of Daraa but quickly spread across the nation of some 23 million people.

Now, the once-unthinkable protests are posing the most serious challenge to four decades of rule by the Assad family in one of the most repressive and tightly controlled countries in the Middle East.

29 AP IMPACT: Ties bind Japan nuke sector, regulators

By YURI KAGEYAMA and JUSTIN PRITCHARD, Associated Press

Sun May 1, 10:14 am ET

TOKYO – Nearly 10 years after Japan’s top utility first assured the government that its Fukushima Dai-ichi nuclear power plant was safe from any tsunami, regulators were just getting around to checking out the claim. The move was too little, too late.

But even if there had been scrutiny years before the fury of an earthquake-powered wave swamped the six atomic reactors at Fukushima on March 11, it is almost certain the government wouldn’t have challenged the unrealistic analysis that Tokyo Electric Power Co. had submitted in 2001. An Associated Press review of Japan’s approach to nuclear plant safety shows how closely intertwined relationships between government regulators and industry have allowed a culture of complacency to prevail.

Regulators simply didn’t see it as their role to pick apart the utility’s raw data and computer modeling to judge for themselves whether the plant was sufficiently protected from tsunami. The policy amounted to this: Trust plant operator TEPCO – and don’t worry about verifying its math or its logic.

Scooped!

30 Amid ‘war on obesity,’ skeptics warn of stigma

By DAVID CRARY, AP National Writer

Sun May 1, 10:00 am ET

The images are striking: Overweight boys and girls staring somberly from billboards and online videos, real-life embodiments of the blunt messages alongside.

“Chubby kids may not outlive their parents,” for example. Or: “Big bones didn’t make me this way. Big meals did.”

The ads – part of a new “Stop Child Obesity” campaign in Georgia – won some enthusiastic praise for their attention-grabbing tactics. But they also have outraged parents, activists and academics who feel the result is more stigma for an already beleaguered and bullied group of children.

31 Pope beatifies John Paul II before 1.5M faithful

By NICOLE WINFIELD and VANESSA GERA, Associated Press

1 min ago

VATICAN CITY – Some 1.5 million pilgrims flooded Rome Sunday to watch Pope John Paul II move a step closer to sainthood in one of the largest Vatican Masses in history, an outpouring of adoration for a beloved and historic figure after years marred by church scandal.

The turnout for the beatification far exceeded even the most optimistic expectation of 1 million people, the number Rome city officials predicted. For Catholics filling St. Peter’s Square and its surrounding streets, and for those watching around the world the beatification was a welcome hearkening back to the days when the pope was almost universally beloved.

“He was like a king to us, like a father,” Marynka Ulaszewska, a 28-year-old from Ciechocinek, Poland, said, weeping. “I hope these emotions will remain with us for a long time,” she said.

32 Catholics around the world celebrate John Paul II

By JIM GOMEZ, Associated Press

Sun May 1, 7:24 am ET

MANILA, Philippines – Catholics worldwide celebrated the beatification of the late Pope John Paul II on Sunday, with the faithful jamming churches to pray, cherishing his mementoes and witnessing on TV screens the Vatican ceremony that brought him one step closer to possible sainthood.

From Mexico to Australia, bells pealed in churches and cathedrals and people erupted in applause and tears to celebrate after Pope Benedict XVI bestowed one of the Catholic Church’s greatest honors to Polish-born Karol Wojtyla, who visited 129 countries in his 27-year papacy to become the most-traveled pope ever.

In the Philippines, where many adore the John Paul II with rock-star intensity, people flocked to see mementoes: a piece of his cassock believed to have healing powers and a set of plate, spoon and fork – still unwashed after he used them 16 years ago during a visit to the country.

33 Workers demand better jobs, pay on May Day

By JUERGEN BAETZ and SELCAN HACAOGLU, Associated Press

1 hr 51 mins ago

BERLIN – Some 400,000 people took to the streets in Germany on Sunday as marchers around the world demanded more jobs, better working conditions and higher wages on International Workers’ Day.

In Turkey, some 200,000 protesters flooded a central plaza in Istanbul, making it the largest May Day rally there since 1977, when at least 34 people died and more than 100 were injured after shooting triggered a stampede. Turkish unions weren’t allowed back until last year.

Across Germany, some 423,000 people took to the streets to demand fair wages, better working conditions, and sufficient social security, the country’s unions’ umbrella-group, DGB said.

34 Monday could be critical day for NFL labor

By BARRY WILNER, AP Pro Football Writer

1 hr 47 mins ago

NEW YORK – If these are not fun times for football fans, they are captivating days for lawyers.

The NFL lockout is back in force after a short hiatus last week. A St. Louis appeals court could determine as early as Monday whether the league deserves a permanent stay of an injunction granted to the players in Minnesota to block the lockout.

“We are in uncharted but fascinating legal territory,” agent and attorney Ralph Cindrich said as he examined the short-term reinstatement of the lockout by three judges from the 8th U.S. Circuit Court of Appeals. “The owners’ lockout is temporary now; it can become permanent after the same three judges do a detailed review. If the lockout is reinstated, it puts the players down on points big.”

35 Mo. asks court to block levee blast, farm flooding

By JIM SUHR, Associated Press

1 hr 44 mins ago

CAIRO, Ill. – Missouri Attorney General Chris Koster asked the U.S. Supreme Court on Sunday to block federal officials from destroying a Mississippi River levee as they try to prevent flooding in a small Illinois city.

The Army Corps of Engineers is considering blowing a two-mile hole into the Birds Point levee in southeast Missouri, which would flood 130,000 acres of farmland in Missouri’s Mississippi County but protect nearby Cairo. The city of 2,800 residents is being threatened by the dangerously swollen Mississippi and Ohio rivers.

The 8th U.S. Circuit Court of Appeals rejected Koster’s bid Saturday to stop the corps’ plan, though corps officials are monitoring water levels and haven’t decided whether to go through with the blast.

36 Group of 6 senators hones plan to cut US deficits

By ANDREW TAYLOR and STEPHEN OHLEMACHER, Associated Press

2 hrs 36 mins ago

WASHINGTON – A bipartisan group of six senators is closing in on what could represent the best chance for tackling a deficit crisis that has forced the government to borrow more than 40 cents of every dollar it spends.

Their plan, still a work in progress, would reduce borrowing by up to $4 trillion over the next decade by putting the two parties’ sacred cows on the chopping block. Republicans would have to agree to higher taxes while Democrats would have to accept cuts in popular benefit programs such as Medicare, Medicaid and maybe even Social Security.

There is urgency to their work.

37 Sony execs apologize for network security breach

By YURI KAGEYAMA, AP Business Writer

Sun May 1, 6:43 am ET

TOKYO – Sony executives bowed in apology Sunday for a security breach in the company’s PlayStation Network that caused the loss of personal data of some 77 million accounts on the online service.

“We deeply apologize for the inconvenience we have caused,” said Kazuo Hirai, chief of Sony Corp.’s PlayStation video game unit, who was among the three executives who bowed for several seconds at the company’s Tokyo headquarters in the traditional style of a Japanese apology.

Hirai said parts of the service would be back this week and that the company would beef up security measures. But he and other executives acknowledged that not enough had been done in security precautions, and promised that the company’s network services were under a basic review to prevent a recurrence.

38 Polygamous church dispute may head to Utah court

By JENNIFER DOBNER, Associated Press

18 mins ago

SALT LAKE CITY – An internal tug-of-war over control of jailed polygamous sect leader Warren Jeffs’ southern Utah-based church may force Utah courts to walk a constitutional tightrope that experts say could tread a little too close to separation of church and state.

The presidency of the 10,000-member Fundamentalist Church of Jesus Christ of Latter Day Saints has been in question since March 28, when church bishop William E. Jessop filed papers with the Utah Department of Commerce seeking to unseat Jeffs as president of the church corporation. Under state law, the move automatically put Jessop in power.

That set into motion a flurry of filings from Jeffs loyalists removing Jessop and claiming that some 4,000 church members have pledged their loyalty to their incarcerated leader.

39 CA island affords rare chance for city expansion

By ROBIN HINDERY, Associated Press

1 hr 45 mins ago

SAN FRANCISCO – Created in the 1930s in San Francisco Bay, Treasure Island is said to have earned its name from the gold some imagined was hidden in dredged materials that form its foundation, as well as the exotic valuables displayed there for the 1939 Golden Gate International Exposition.

Developers have continued to view the 400-acre former Navy base as a precious commodity, and a proposal to turn it into a bustling residential and commercial enclave recently cleared a major hurdle when it was narrowly approved by the city Planning Commission.

The plan includes nearly 8,000 new homes, 140,000 square feet of retail space and 300 acres of public open space – a drastic change to a neighborhood that now has fewer than 2,000 full-time residents and just two restaurants.

40 Street art exhibition prompts praise and concern

By JOHN ROGERS, Associated Press

1 hr 57 mins ago

LOS ANGELES – It’s art from the streets that’s been moved into the museum, and critics are going gaga over it.

Words like stunning and near-overwhelming have been used to describe the colorful, esoteric works of Futura, Smear, Chaz Bojorquez and dozens of other seminal street scribblers covering the walls of the Museum of Contemporary Art’s Little Tokyo campus.

But take the art back to the streets, as some over-enthusiastic artists, or perhaps just wannabe Banksys, have been doing since the exhibition opened at MOCA’s Geffen Contemporary campus earlier this month, and the reception hasn’t been quite as enthusiastic.

41 Navy vets fundraiser gave to top GOP candidates

By JOANNE VIVIANO, Associated Press

2 hrs 30 mins ago

COLUMBUS, Ohio – He called himself Bobby Charles Thompson and gave himself the rank of lieutenant commander as he headed a nationwide nonprofit for U.S. Navy veterans.

Donations solicited by telemarketers poured in to his U.S. Navy Veterans Association from around the country – largely individual gifts under $50 – piling up tens of millions of dollars intended for veterans’ needs and other military causes.

Thompson and NAVPAC, his political action committee, gave lavishly to more than 50 candidates in 16 states – most of them Republicans, records show – and the generosity was rewarded with some high-level entree, at least for photo opportunities. President George W. Bush and his adviser, Karl Rove, were among those who posing with Thompson in photographs that show him smiling broadly through an unkempt black beard and mustache.

42 Atlantic City looks to bus more homeless back home

By WAYNE PARRY, Associated Press

Sun May 1, 12:51 pm ET

ATLANTIC CITY, N.J. – Larry Bogan knows precisely how much it costs for a bus ticket from Atlantic City back home to Pompano Beach, Fla.: $126. Unfortunately, that’s $126 more than he has at present.

And so instead of cooking in a restaurant or driving a tractor trailer for someone like he used to do, Bogan eats at a soup kitchen and sleeps on park benches or in a train or bus station each night. He’s one of about 500 homeless people living in the nation’s second-largest gambling market.

Reducing Atlantic City’s homeless population is a key element of a new effort to help the struggling casino resort get back on its feet after more than four years of plunging revenues, lost market share and layoffs. A state agency plans to allocate just under $100,000 to a local homeless shelter to buy bus or plane tickets back home for any homeless person who wants to leave.

43 New England harbor seal survey counts population

By CLARKE CANFIELD, Associated Press

Sun May 1, 12:41 pm ET

PORTLAND, Maine – A century ago, seals were rare along New England’s coast – the victims of fishermen and others who viewed them as fish-gobbling pests that threatened their livelihoods.

But times have changed and the last time anybody counted, in 2001, there were about 100,000 harbor seals. Scientists have now begun the first seal census in a decade to determine how many there are now.

Indicators suggest that the population has continued to grow in the past 10 years, said Gordon Waring, who is leading this spring’s seal survey.

44 New study shows beetle-killed trees ignite faster

By MATT VOLZ, Associated Press

Sun May 1, 11:30 am ET

HELENA, Mont. – The red needles of a tree killed in a mountain pine beetle attack can ignite up to three times faster than the green needles of a healthy tree, new research into the pine beetle epidemic has found.

The findings by U.S. Forest Service ecologist Matt Jolly are being used by fellow ecologist Russ Parsons to develop a new model that will eventually aid firefighters who battle blazes in the tens of millions of acres from Canada to Colorado where forest canopies have turned from green to red from the beetle outbreak.

The new model incorporates a level of detail and physics that doesn’t exist in current models, and it is much more advanced in predicting how a wildfire in a beetle-ravaged region will behave, Parsons said.

45 Buffett says mistakes were made in handling Sokol

By JOSH FUNK, AP Business Writer

Sun May 1, 12:27 am ET

OMAHA, Neb. – Berkshire Hathaway’s annual meeting on Saturday was dominated by somber topics, as Warren Buffett explained to roughly 40,000 shareholders how the company had been battered by a trusted former employee’s misdeeds and a string of natural disasters.

Buffett assured the crowd at an Omaha convention center that Berkshire is strong enough to withstand both the David Sokol scandal and the estimated $1.7 billion in insurance losses that drove profits down 58 percent in the first quarter.

Buffett said he doesn’t think he will ever understand why Sokol bought stock in Lubrizol shortly before recommending that Berkshire buy the chemical company. Buffett said he believes Sokol clearly violated Berkshire’s ethics and insider trading policies.

46 Fashion firms rush to copy the royal gown

By ANNE D’INNOCENZIO, Associated Press

Sat Apr 30, 7:58 pm ET

NEW YORK – Seconds after Kate Middleton emerged from her car outside Westminster Abbey in a ball gown with lace sleeves, designers around the U.S., glued to their TV sets, were sketching her look, setting in motion a mad rush for mass-produced versions that are expected to be in stores as early as late June.

For brides-to-be who can’t wait even four weeks, David’s Bridal, the largest U.S. bridal chain, was already trumpeting a strapless look from Oleg Cassini, paired with a lacey bolero jacket, on its website as an already available stand-in as it scrambled to push out modified knockoffs of the real thing to stores by September.

Meanwhile, the television home-shopping channel QVC said shoppers will be able to pre-order earrings inspired by the diamond drops worn by Middleton as early as Monday night. The piece, which will sell for under $50 and was created by Kenneth Jay Lane, will be available to shoppers in two months.

Rant of the Week: Seth Meyers

Seth Meyers, the head writer for Saturday Night Live, hosted the White House Correspondents Dinner, taking on everyone from Wil-i-am to the Donald and the President of the United States who was LHAO and watch The Donald, he does not look pleased.

White House Correspondents’ dinner: Seth Meyers mocks C-SPAN, Obama, James O’Keefe.

And then there is Thers.

Special

On This Day In History May 1

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.

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May 1 is the 121st day of the year (122nd in leap years) in the Gregorian calendar. There are 244 days remaining until the end of the year.

   

On this day in 1786, Mozart’s Le nozze di Figaro premieres in Vienna

By 1786, Wolfgang Amadeus Mozart was probably the most experienced and accomplished 30-year-old musician the world has ever seen, with dozens of now-canonical symphonies, concertos, sonatas, chamber works and masses already behind him. He also had 18 operas to his name, but none of those that would become his most famous. Over the final five years of his life (he died in 1791), Mozart would compose four operas that are among the most important and popular in the standard repertoire. This remarkably productive period of creative, critical and popular success for Mozart began with Le nozze di Figaro (The Marriage of Figaro), which received its world premiere in Vienna, Austria, on May 1, 1786.

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 305 – Diocletian and Maximian retire from the office of Roman Emperor.

1328 – Wars of Scottish Independence end: Treaty of Edinburgh-Northampton – the Kingdom of England recognises the Kingdom of Scotland as an independent state.

1707 – The Act of Union joins the Kingdom of England and Kingdom of Scotland to form the Kingdom of Great Britain.

1753 – Publication of Species Plantarum by Linnaeus, and the formal start date of plant taxonomy adopted by the International Code of Botanical Nomenclature.

1759 – Josiah Wedgwood founds the Wedgwood pottery company in Great Britain.

1776 – Establishment of the Illuminati in Ingolstadt (Upper Bavaria), by Jesuit-taught Adam Weishaupt.

1778 – American Revolution: The Battle of Crooked Billet begins in Hatboro, Pennsylvania.

1785 – Kamehameha I, the king of Hawaii defeats Kalanikupule and establishes the Kingdom of Hawaii.

1786 – Opening night of the opera The Marriage of Figaro by Wolfgang Amadeus Mozart in Vienna, Austria.

1794 – War of the Pyrenees: The Battle of Boulou ends, in which French forces defeat the Spanish and regain nearly all the land they lost to Spain in 1793.

1840 – The Penny Black, the first official adhesive postage stamp, is issued in the United Kingdom.

1844 – Hong Kong Police Force, the world’s second, Asia’s first modern police force is established.

1846 – The few remaining Mormons left in Nauvoo, Illinois, formally dedicate the Nauvoo Temple.

1851 – Queen Victoria opens the Great Exhibition in London.

1852 – The Philippine peso is introduced into circulation.

1862 – American Civil War: The Union Army completes the Capture of New Orleans.

1863 – American Civil War: The Battle of Chancellorsville begins.

1869 – The Folies Bergere opens in Paris.

1884 – Proclamation of the demand for eight-hour workday in the United States.

1884 – Moses Fleetwood Walker became the first black person to play in a professional baseball game in the United States.

1885 – The original Chicago Board of Trade Building opened for business.

1886 – Rallies were held throughout the United States demanding the eight-hour work day culminating in the Haymarket Affair.

1894 – Coxey’s Army, the first significant American protest march, arrives in Washington, D.C.

1898 – Spanish-American War: The Battle of Manila Bay – the United States Navy destroys the Spanish Pacific fleet in the first battle of the war.

1900 – The Scofield mine disaster kills over 200 men in Scofield, Utah in what is to date the fifth-worst mining accident in United States history.

1901 – The Pan-American Exposition opens in Buffalo, New York.

1915 – The RMS Lusitania departs from New York City on her two hundred and second, and final, crossing of the North Atlantic. Six days later, the ship is torpedoed off the coast of Ireland with the loss of 1,198 lives, including 128 Americans, rousing American sentiment against Germany.

1927 – The first cooked meals on a scheduled flight are introduced on an Imperial Airways flight from London to Paris.

1927 – The Union Labor Life Insurance Company is founded by the American Federation of Labor.

1930 – The dwarf planet Pluto is officially named.

1931 – The Empire State Building is dedicated in New York City.

1940 – The 1940 Summer Olympics are cancelled due to war.

1941 – World War II: German forces launch

a major attack on Tobruk.

1945 – World War II: A German newsreader officially announces that Adolf Hitler has “fallen at his command post in the Reich Chancellery fighting to the last breath against Bolshevism and for Germany”.

1945 – The Yugoslav partisans free Trieste.

1946 – The Paris Peace Conference concludes that the islands of the Dodecanese should be returned to Greece by Italy.

1948 – The Democratic People’s Republic of Korea (North Korea) is established, with Kim Il-sung as leader.

1950 – Guam is organized as a United States commonwealth.

1956 – The polio vaccine developed by Jonas Salk is made available to the public.

1956 – A doctor in Japan reports an “epidemic of an unknown disease of the central nervous system”, marking the official discovery of Minamata disease.

1957 – 34 of 35 people aboard were killed when a Vickers Viking airliner crashed in Hampshire England.

1960 – Formation of the western Indian states of Gujarat and Maharashtra.

1960 – Cold War: U-2 incident – Francis Gary Powers, in a Lockheed U-2 spyplane, is shot down over the Soviet Union, sparking a diplomatic crisis.

1961 – The Prime Minister of Cuba, Fidel Castro, proclaims Cuba a socialist nation and abolishes elections.

1965 – Battle of Dong-Yin, a naval conflict between ROC and PRC, takes place.

1970 – Protests erupt in Seattle, Washington, following the announcement by U.S. President Richard Nixon that U.S. Forces in Vietnam would pursue enemy troops into Cambodia, a neutral country.

1971 – Amtrak (the National Railroad Passenger Corporation) is formed to take over U.S. passenger rail service.

1977 – 36 people are killed in Taksim Square, Istanbul, during the Labour Day celebrations.

1978 – Japan’s Naomi Uemura, travelling by dog sled, becomes the first person to reach the North Pole alone.

1982 – The 1982 World’s Fair opens in Knoxville, Tennessee.

1982 – Operation Black Buck: The Royal Air Force attacks the Argentine Air Force during Falklands War.

1983 – Greek composer Mikis Theodorakis is awarded the Lenin Peace Prize.

1987 – Pope John Paul II beatifies Edith Stein, a Jewish-born Carmelite nun who was gassed in the Nazi concentration camp at Auschwitz.

1989 – Disney-MGM Studios opens at Walt Disney World near Orlando, Florida, United States.

1991 – Rickey Henderson of the Oakland Athletics steals his 939th base, making him the all-time leader in this category. However, his accomplishment is overshadowed later that evening by Nolan Ryan of the Texas Rangers, when he pitches his seventh career no-hitter, breaking his own record.

1994 – Three-time Formula One world champion Ayrton Senna is killed in an accident during the San Marino Grand Prix at Imola.

1995 – Croatian forces launch Operation Flash during the Croatian War of Independence.

2001 – Philippine President Gloria Macapagal-Arroyo declares the existence of “a state of rebellion”, hours after thousands of supporters of her arrested predecessor, Joseph Estrada, storm towards the presidential palace at the height of the EDSA III rebellion.

2003 – 2003 invasion of Iraq: In what becomes known as the “Mission Accomplished” speech, on board the USS Abraham Lincoln (off the coast of California), U.S. President George W. Bush declares that “major combat operations in Iraq have ended”.

2004 – Cyprus, Czech Republic, Estonia, Hungary, Latvia, Lithuania, Malta, Poland, Slovakia, and Slovenia join the European Union, celebrated at the residence of the Irish President in Dublin.

2006 – The Puerto Rican government closes the Department of Education and 42 other government agencies due to significant shortages in cash flow.

2007 – the Los Angeles May Day melee occurs, in which the Los Angeles Police Department’s response to a May Day pro-immigration rally become a matter of controversy.

2008 – The London Agreement on translation of European patents, concluded in 2000, enters into force in 14 of the 34 Contracting States to the European Patent Convention.

2009 – Same-sex marriage is legalized in Sweden.

Holidays and observances

   Beginning of Summer observances (see April 30)* :

       Beltane (Gaelic floklore, Neopagan Wheel of the Year)

       Walpurgis Night, celebrated before dawn (Central and Northern Europe)

   * Christian Feast Day:

       Augustin Schoeffer

       Andeolus

       Saint Joseph

       Brioc

       James the Less

       Memorial of Saint Joseph the Worker (Roman Catholic optional feast)

       Philip the Apostle

       Sigismund of Burgundy

       Walpurga (cannonization)

       May 1 (Eastern Orthodox liturgics)

   * Constitution Day (Marshall Islands)

   * Commemoration of the states of Maharashtra and Gujarat following the foundation of Samyukta Maharashtra Samiti:

       Gujarat Day

       Maharashtra Day

   * Earliest day on which National Day of Prayer can fall, while May 7 is the latest; celebrated on the first Thursday in May. (United States)

   * Festival in honor of Bona Dea (Roman Empire)

   * International Workers’ Day (International), and its related observances:

       EuroMayDay (Western Europe)

       Labor Day

       Law Day, U.S.A., formerly intended to counterbalance the celebration of Labour Day. (United States)

       Loyalty Day, formerly intended to counterbalance the celebration of Labour Day. (United States)

       May Day, a term also used for the beginning of summer celebration.

   * Lei Day (Hawaii)

   * Moving Day (New York City, during the colonial period until c.1945)

   * National Love Day, couples flock to the memorial of the poet Karel Hynek Macha in Prague and kiss. (Czech Republic)

   * The first day of Yotaka Matsuri (Fukuno, Toyama)

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