Obama: Too much debt could fuel double-dip recession

November 18th, 2009

BEIJING, Nov 18 (Reuters) – President Barack Obama gave his sternest warning yet about the need to contain rising U.S. deficits, saying on Wednesday that if government debt were to pile up too much, it could lead to a double-dip recession.

With the U.S. unemployment rate at 10.2 percent, Obama told Fox News his administration faces a delicate balance of trying to boost the economy and spur job creation while putting the economy on a path toward long-term deficit reduction.

His administration was considering ways to accelerate economic growth, with tax measures among the options to give companies incentives to hire, Obama said in the interview with Fox conducted in Beijing during his nine-day trip to Asia.

“It is important though to recognize if we keep on adding to the debt, even in the midst of this recovery, that at some point, people could lose confidence in the U.S. economy in a way that could actually lead to a double-dip recession,” he said.

Fox News, which released a transcript of the interview, showed that comment by Obama on Wednesday morning and said the full discussion would be broadcast later in the day. (Reporting by Caren Bohan; Editing by John O’Callaghan)

© Thomson Reuters 2009 All rights reserved

Credit Due: http://www.reuters.com/article/marketsNews/idUSN188108620091118

Is Doomsday Coming? Perhaps, but Not in 2012

November 18th, 2009

NASA said last week that the world was not ending — at least anytime soon. Last year, CERN, the European Center for Nuclear Research, said the same thing, which I guess is good news for those of us who are habitually jittery. How often do you have a pair of such blue-ribbon scientific establishments assuring us that everything is fine?

On the other hand, it is kind of depressing if you were looking forward to taking a vacation from mortgage payments to finance one last blowout.

CERN’s pronouncements were intended to allay concerns that a black hole would be spit out of its new Large Hadron Collider and eat the Earth.

Read the rest of this entry »

U.S. Ship Repels Pirates With Sonic Blaster, Bullets (Updated)

November 18th, 2009

maersk-alabama

Months after its skipper was rescued at sea by the Navy, the U.S.-flagged container ship Maersk Alabama repelled an attack by suspected pirates today off the northeast coast of Somalia.

Back in April, the Maersk Alabama was boarded by pirates, who took ship captain Richard Phillips hostage. Phillips was freed after Navy snipers shot and killed three of the pirates who were holding him prisoner in a lifeboat.

This time, the pirates didn’t get that far. According to a statement released by the U.S. 5th Fleet in Manama, Bahrain, when a pirate skiff approached the ship this morning, the security team on board responded with evasive maneuvers, and blasted them with Long Range Acoustic Devices (LRADs) and small-arms fire. The pirates then broke off the attack.

April’s Maersk Alabama incident forced a rethink of counter-piracy measures, including embarking armed security teams. Shipping companies and their insurers had in the past been reluctant to have armed security teams on board, but as recent incidents have shown, sometimes the combination of the LRAD, firehoses and evasive maneuvers is not enough.

Take, for instance, the case of the cruise ship MSC Melody: An Israeli security team used guns and firehoses to repel the attackers.

And while the LRAD was famously used to repel pirates in a 2005 attack on a cruise ship, a team of three security operatives was unable to outgun pirates with a sonic blaster in a separate incident. They were forced to jump ship.

Vice Adm. Bill Gortney, the commander of U.S. Naval Forces Central Command, praised the operators of the Maersk Alabama for their willingness to take on more-robust defenses. “This is a great example of how merchant mariners can take proactive action to prevent being attacked, and why we recommend that ships follow industry best practices if they’re in high-risk areas.”

The Maersk Alabama is now underway to its initial destination of Mombasa, Kenya.

UPDATE: The chief mate of the Maersk Alabama is now using the incident to advocate for putting armed mercenaries on all U.S. ships. “We cannot play roulette with the lives of the U.S. Merchant Marines, choosing to arm some and not others with various levels of expertise,” Captain Shane Murphy says in a statement. “It is imperative that we utilize private armed security consisting of American, former military special operatives that can consistently make the necessary shot to mitigate the RPG on each and every U.S. flagged vessel traversing the High Threat Waters. Anything less is not enough.”

Photo: Wikimedia

Credit Due: http://www.wired.com/dangerroom/2009/11/maersk-alabama-repels-pirates-with-sonic-blaster-bullets/#more-19613

For Mars rover Spirit, it’s do or die

November 13th, 2009

NASA scientists have a new plan to free the robot from its sand trap, but failure could mean its end.

By John Johnson Jr.

roverA view from Spirit, which has been stuck since April. Scientists say the fluffy, loose soil and a small rock under the robot could be problems for the rescue. (NASA)

NASA scientists said Thursday that they had come up with a plan to free the stalled rover Spirit from its Martian sand trap but also warned that the plan might not work. If it doesn’t, the popular robot could finally reach its end.

Rover managers will send the first in a new set of computer commands on Monday in an effort to maneuver Spirit out of the fluffy, loose soil where it’s been stuck for the last six months. In a teleconference briefing for reporters, the Mars rover team said it was “optimistic” that Spirit would be able to resume its peregrinations across the Martian surface.

But in admitting that this is by far the most serious threat Spirit and its twin, Opportunity, have faced in the nearly six years they’ve been exploring Mars, the team members seemed to be preparing for the inevitable goodbye.

“This is bittersweet,” said Doug McCuistion, director of the Mars exploration program at NASA. “Spirit did the equivalent of falling through the ice and has not been able to pull itself out.”

Ashley Stroupe, a rover operator at the Jet Propulsion Lab in La Cañada-Flintridge, where the project is managed, spoke of “the tremendous bond” that has developed between team members and the computerized machines. The robots have gathered vast quantities of data about the Red Planet and its history while outliving every expectation for their survival.

Stroupe said she’d come to think of the rovers “as children you send off into the world. . . . We are very hopeful, but we’re very concerned.”

Expected to last just 90 days when they landed on Mars in 2004, the two rovers have survived more than five years and three Martian winters. They have surmounted not just planet-wide dust storms, but also technical glitches, including one that left Spirit with a gimpy front wheel that forced rover drivers to drive it backward. It was while maneuvering backward along the edge of a rocky plateau dubbed Home Plate — in the giant Gusev Crater just south of the equator — that Spirit got stuck.

The rover had broken through a surface crust, something like the brittle covering on a creme brulee dessert, and its wheels had sunk deeply into the sulfate-rich sand underneath. Unlike sand on Earth, Mars’ dry atmosphere and lower gravity prevents the particles from bonding, making the subsurface soil almost as fluffy as cornstarch.

After the rover got stuck in April, JPL scientists simulated the mishap with a sandbox and test rover. But tests to devise an escape route for Spirit were not completely successful.

“We haven’t found a clear solution for how to get Spirit out of its predicament,” said John Callas, the rover project manager.

For now, the plan calls for the rover to try to back out the way it went in. The first commands will turn the wheels six times before stopping so scientists can assess the situation.

Besides the fluffy soil, rover scientists are concerned about a small rock under the robot. Further efforts to free the rover could cause the undercarriage to snag on the rock. Tests showed that if that happens, the wheels will lose traction and the rover could become permanently stuck.

In such a scenario, Spirit could still do science, but as a station, not a rover. Also, without the ability to move into a position that gets good sunlight to wait out the harsh Martian winter, its batteries could be drained, dooming the robot.

Even if the initial efforts Monday are unsuccessful, operators will continue their efforts to salvage Spirit at least through February, when a NASA review panel is scheduled to discuss the rovers’ fate. If Spirit is still stuck, the panel could call off the rescue.

“If Spirit cannot make the great escape from this sand trap, this might be where Spirit ends its adventure on Mars,” McCuistion said.

Over their nearly six years of exploration on Mars, the two rovers have helped unravel the planet’s geological past. They also found evidence that water once flowed on the surface.

Opportunity is currently on the opposite side of Mars driving toward a large crater called Endeavor.

The rovers have attracted a worldwide fan base that has followed their every move and hardship. There’s even a “Free Spirit” campaign, which has its own logo emblazoned on T-shirts sold at the JPL store.

john.johnson@latimes.com

SHOCKING UPDATE! (not) Balloon boy parents to plead guilty to charges of fabricating incident

November 12th, 2009

Minneapolis Airlines/Airport Examiner Marc Friedman

baloon_boyWell, well, well. What do we have here? The parents of balloon boy Falcon Heene have decided to plead guilty to charges of attempting to influence a public servant, a felony, and false reporting to authorities. They are expected to face nothing more than probation by making the guilty plea, which is hard to believe after such an incredible amount of hysteria was caused, as well as media hype and wasting of huge amounts of public resources in the search for the “missing” boy. The most serious of the charges could have led to a maximum six-year prison sentence, so how such a plea bargain was arrived at with prosecutors is hard to fathom.

What I’m hearing is that you can hide your kid in the attic, tell the police that he has flown off in a hot air balloon, watch sherriff’s helicopters and squad cars chase the balloon, necessitate flights at Denver International being routed away from the area and then you continue to insist that this really happened…and pretty much get away with it? In fact, if Falcon Heene, the youngster, didn’t say on national television that this was “all for the show” then who knows how much longer these lunatic parents would have been in the national limelight?

C’mon now…..they have to pay some sort of price with prison time and community service. And should parents be allowed to raise children in this crazy environment? What will they do next? To add insult to injury the mother, Mayumi Heene is apparently an illegal immigrant, so their lawyer is doing what he can to help them retain custody of the three children and keep her in the U.S. rather than be deported.

Obviously, to be continued…..

UPDATED INFORMATION: Police investigators say that they hope to soon question an associate of Richard Heene, father of the Balloon Boy, after e-mails surfaced indicating that the apparent hoax was discussed by the two men months ago. Heene indicated he planned a media event to help promote a reality show. While Heene’s attorney said today that his client is “absolutely innocent”, Denver resident Robert Thomas apparently has sold e-mail between him and Richard Heene to gawker.com which will portray Falcon Heene’s dad as a mad scientist carrying out various experiments.

Thomas provided the website a proposal that said, “This will be the most significant UFO-related news event to take place since the Roswell crash of 1947, and the result will be a dramatic increase in local and national awareness about the Heene Family, our Reality Series, as well as the UFO phenomenom in general”. (Check back for more updates as this story continues to evolve.)

Police in Fort Collins, Colorado have determined that last week’s media frenzy over a helium balloon that authorities initially feared carried a six-year-old boy was actually a concocted plan by the parent’s of the boy to gain attention. Various charges are pending that could send the parents to jail for several years and/or fine them up to half a million dollars.The balloon chase last Thursday included military helicopters and dozens of law enforcement vehicles.

Up until the time that Falcon Heene, the youngster who police initially thought had floated away in his family’s home made balloon, told CNN’s Wolf Blitzer that his dad said ” we did this all for the show”, it was believed that the incident was really a case of a missing child. Everyone was overwhelmingly relieved when Falcon was found hiding in the attic above the garage at home. He said that he hid because he felt he would get in trouble with his parents for allowing the tethered balloon to take flight.

Yesterday, Sheriff Jim Alderden said that the parents, Richard and Mayumi Heene had planned last Thursday’s escapade for at least two weeks as they sought to create a television reality show about them. The family was featured in a segment of ABC’s “Wife Swap” and had met in acting school.

The sheriff will recommending that criminal charges of conspiracy, contributing to the delinquency of a minor, attempting to influence a public servant and making a false report be filed against the couple. While Falcon and his two older brothers were “100% involved”, it is unlikely that they will be charged.

The Heene’s describe themselves as stormchasers, but in reality Richard Heene has a high school education and lays tile as a contract employee. He maintains a “nutty professor” image on the outside but according to the sheriff “he may be nutty, but he’s not a professor.”

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