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Archive for July 28, 2012

Austerity At The Olympics: Each “Gold” Medal Contains 1.34% Gold

“As every Olympic athlete knows, size matters. The London 2012 medals are the largest ever in terms of both weight and diameter – almost double the medals from Beijing. However, just as equally well-known is that quality beats quantity and that is where the current global austerity, coin-clipping, devaluation-fest begins. The 2012 gold is 92.5 percent silver, 6.16 copper and… 1.34 percent gold, with IOC rules specifying that it must contain 550 grams of high-quality silver and a whopping 6 grams of gold. The resulting medallion is worth about $500. For the silver medal, the gold is replaced with more copper, for a $260 bill of materials. The bronze medal is 97 percent copper, 2.5 percent zinc and 0.5 percent tin. Valued at about $3, you might be able to trade one for a bag of chips in Olympic park if you skip the fish.”

Via Zero Hedge

Categories: Uncategorized

Record number of coal-fired generators to be shut down in 2012

“Facing declining demand for electricity and stiff federal environmental regulations, coal plant operators are planning to retire 175 coal-fired generators, or 8.5 percent of the total coal-fired capacity in the United States, according to an analysis by the Energy Information Administration (EIA).

A record-high 57 generators will shut down in 2012, representing 9 gigawatts of electrical capacity, according to EIA. In 2015, nearly 10 gigawatts of capacity from 61 coal-fired generators will be retired.

While many of those coal plants are old and relatively inefficient, the scope of this new planned shutdown is unprecedented.

“The coal-fired capacity expected to be retired over the next five years is more than four times greater than retirements performed during the preceding five-year period,” EIA noted in the analysis.Facing declining demand for electricity and stiff federal environmental regulations, coal plant operators are planning to retire 175 coal-fired generators, or 8.5 percent of the total coal-fired capacity in the United States, according to an analysis by the Energy Information Administration (EIA).

A record-high 57 generators will shut down in 2012, representing 9 gigawatts of electrical capacity, according to EIA. In 2015, nearly 10 gigawatts of capacity from 61 coal-fired generators will be retired.

While many of those coal plants are old and relatively inefficient, the scope of this new planned shutdown is unprecedented.

“The coal-fired capacity expected to be retired over the next five years is more than four times greater than retirements performed during the preceding five-year period,” EIA noted in the analysis.”

Via The Daily Caller

Categories: Obama hates America

Top 10 GMO Foods to Avoid

“It’s important to note that steering clear from these foods completely may be difficult, and you should merely try finding other sources than your big chain grocer.

If produce is certified USDA-organic, it’s non-GMO (or supposed to be!) Also, seek out local farmers and booths at farmer’s markets where you can be ensured the crops aren’t GMO. Even better, if you are so inclined: Start organic gardening and grow them yourself.”

Via Activist Post

UN fails to agree on Arms Trade Treaty, opts for possible vote by the end of the year


Thankfully, it appears that the controversial United Nations Arms Trade Treaty (ATT) has been stopped in its tracks, at least for now.

Negotiations have been held between 170 countries from July 2 to July 27, 2012 and yet they were not even able to make a decision on a draft version of the treaty which some say could have threatened the Second Amendment.

However, the treaty, which needed to be adopted by consensus (meaning it would only take one country to veto the deal), has not been shot down completely.

There is still the possibility of further discussions and a draft arms trade treaty very well could be brought before the 193-nation UN General Assembly.

Indeed, some diplomats are clearly confident that this treaty will be put in place, essentially saying it is just a matter of time until it happens.”

Via Activist Post

DHS Prepares for Civil Unrest as Destruction of 2nd Amendment Looms

“Surveillance drones have a new mission. According to the Department of Homeland Security (DHS) they will be used for “public safety”. Janet Napolitano, Secretary of the DHS, told a House Committee meeting on Homeland Security that the more than 30,000 drones that will be deployed into American skies are just arbitrarily watching out for US citizens.

Napolitano stated:”

With respect to Science and Technology, that directorate, we do have a funded project, I think it’s in California, looking at drones that could be utilized to give us situational awareness in a large public safety [matter] or disaster, such as a forest fire, and how they could give us better information.

Via Activist Post

19 Examples Of How Control Freaks Are Killing America With Their Completely Ridiculous Regulations

“The control freaks are winning, and they are absolutely killing America. Our founding fathers intended to establish a nation where Americans would be free to pursue “life, liberty and the pursuit of happiness” in an environment where freedom was maximized and government interference was minimized. Unfortunately, our nation has turned away from those principles and is now running 180 degrees in the other direction. For some reason, our political system tends to attract psychotic control freaks that want to micromanage our lives and make most of our decisions for us. These control freaks are actually convinced that freedom and liberty are “dangerous” and that there should be a rule or a regulation for just about everything. This is not just happening on the federal level either. The truth is that the control freaks are often the worst on the local level. When you add up the red tape on all levels of government, we literally have millions of laws, rules and regulations in America today. All of this red tape is suffocating our businesses, destroying our liberties and our freedoms, and slowly sucking the life out of all of us. If we ever want to have any hope of restoring America to what it once was, then we have to start doing something about this horrific mountain of red tape.”

Via End of the American Dream

The Rally’s Dark Side: 68% Of Growth Funds Are Now Underperforming, A 30% Increase In Three Weeks

“Prayer, courtesy of central banks, may still be a “valid” investing strategy, but “growth” no longer is: for all the euphoria over the stock market outperformance in the last few days on the heels of one after another rumor of ECB intervention in the peripheral bond market (now largely denied by Germany’s finance minister) one would think that managers of all funds would be delighted at the sudden reprieve they have gotten courtesy of the European central bank. One would be wrong: as GS’ David Kostin calculates, at the end of June, 52% large-cap growth funds had underperformed the Russell 1000 growth fund, aka their benchmark index. Three weeks later, this number has soared to 68%, a 30% increase in underperformers, which means that despite the headline S&P print, the bulk of active stock pickers once again face that most dreaded of Wall Street possibilities: career risk. Said otherwise, while those positioned to outperform in an environment of global slowdown are celebrating, everyone else is again polishing their resume, as the following chart confirms. “

Via Zero Hedge

Categories: Economy

Arms treaty must wait after UN agreement fails

“A U.N. treaty to regulate the multibillion-dollar global arms trade will have to wait after member states failed to an reach agreement, and some diplomats and supporters blamed the United States for the unraveling of the monthlong negotiating conference.

Hopes had been raised that agreement could be reached on a revised treaty text that closed some major loopholes by Friday’s deadline for action. But the U.S. announced Friday morning that it needed more time to consider the proposed treaty — and Russia and China then also asked for more time.

“This was stunning cowardice by the Obama administration, which at the last minute did an about-face and scuttled progress toward a global arms treaty, just as it reached the finish line,” said Suzanne Nossel, executive director of Amnesty International USA. “It’s a staggering abdication of leadership by the world’s largest exporter of conventional weapons to pull the plug on the talks just as they were nearing an historic breakthrough.”

A Western diplomat, speaking on condition of anonymity because of the sensitivity of the issue, also blamed the U.S., saying “they derailed the process,” adding that nothing will happen to revive negotiations until after the U.S. presidential election in November.”

Via Yahoo News

United Nations fails to agree landmark arms-trade treaty

“Delegations from around the world failed on Friday to agree a landmark U.N. arms-trade treaty to regulate the more than $60 billion industry, opting for further talks and a possible U.N. General Assembly vote by the end of the year, diplomats said.

More than 170 countries have spent the past month in New York negotiating a treaty, which needed to be adopted by consensus, so any one country effectively could have vetoed a deal. Instead, no decision was taken on a draft treaty.

But this leaves the door open for further talks and a draft arms-trade treaty could be brought to the 193-nation U.N. General Assembly and adopted with a two-thirds majority vote. Diplomats said there could be a vote by the end of the year.

“We feel that we could have agreed (a treaty). It is disappointing that more time is needed. But an arms-trade treaty is coming – not today – but soon. We’ve taken a big step forward,” said a spokesman for Britain’s delegation.”

Via Reuters

UN fails to reach deal on global arms trade treaty, as US asks for more time

” U.N. member states have failed to reach agreement on a new treaty to regulate the multibillion-dollar global arms trade.

Some diplomats and treaty supporters blamed the United States for triggering the unraveling of the month-long negotiating conference.

Hopes had been raised that agreement could be reached on a revised treaty text that closed some key loopholes by Friday’s deadline for action. But the United States announced Friday morning that it needed more time to consider the proposed treaty — and Russia and China then also asked for more time.

A bipartisan group of 51 U.S. senators on Thursday had threatened to oppose the global treaty regulating international weapons trade if it falls short in protecting the constitutional right to bear arms.

In a letter to President Obama and Secretary of State Hillary Clinton, the senators expressed serious concerns with the draft treaty that has circulated at the United Nations, saying that it signals an expansion of gun control that would be unacceptable.”

Via Fox News

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