China’s dead pig dumping scandal

Over 16,000 dead pigs have been found in China’s rivers.

The “dead animals in Chinese rivers” toll seems to have stabilized.  According to recent reports, over 16,000 dead pigs have been joined by 1,000 dead ducks and, rather ominously, 13 dead black swans in China’s rivers. The discovery of so many carcasses has elicited no small amount of public concern in China, as well as mockery elsewhere — even Jay Leno got into the act.

 

 

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The Great Climate Scandal Takes Center Stage

scandal 544

The secret underground “climate mafia” exposed

Electronic files that were stolen from a prominent climate research center and made public last week provide a rare glimpse into the behind-the-scenes battle to shape the public perception of global warming.
While few U.S. politicians bother to question whether humans are changing the world’s climate — nearly three years ago the U.N. Intergovernmental Panel on Climate Change concluded the evidence was unequivocal — public debate persists. And the newly disclosed private exchanges among climate scientists at Britain’s Climate Research Unit of the University of East Anglia reveal an intellectual circle that appears to feel very much under attack, and eager to punish its enemies.

Electronic files that were stolen from a prominent climate research center and made public last week provide a rare glimpse into the behind-the-scenes battle to shape the public perception of global warming. The London Telegraph is referring to it as “Climategate” involving conspiracy, collusion in exaggerating warming data, possibly illegal destruction of embarrassing information, organized resistance to disclosure, manipulation of data, private admissions of flaws in their public claims and much more.

Already India has begun challenging Western data linking climate change to melting glaciers in the Himalayas

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Spy Scandal – Telekom Accused of Tracking Journalists’ Mobile Phone Signals

 Deutsche Telekom

 German spys were feeling pretty safe at their Deutsche Telekom home until this happened

The allegations against German telecommunications giant Deutsche Telekom just keep on coming. German news service, Spiegel, has information that Telekom tracked journalists’ movements using mobile phone data. And the company may have hired ex-Stasi spies to help.

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A Rash of Bank Failures Coming

 A Rash of Bank Failures Coming

 Because of their customer-abusing practices, few tears will be shed when the banks fail

William Seidman is the former chairman of the Resolution Trust Corp., the agency Congress set up in the 1980s to clean up the savings-and-loan lending mess. He’s also a former chairman of the FDIC. Here he talks about the housing rescue plan taking shape in Congress and on the state of banking in the United States. The picture he paints isn’t pretty.

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Can’t Grasp Credit Crisis? Join the Club

Mortgage Credit Crisis

It has been going on for seven months now, and many people probably feel as if they should understand it. But they don’t, not really. The part about the housing crash seems simple enough. With banks whispering sweet encouragement, people bought homes they couldn’t afford, and now they are falling behind on their mortgages.

But the overwhelming majority of homeowners are doing just fine. So how is it that a mess concentrated in one part of the mortgage business — subprime loans — has frozen the credit markets, sent stock markets gyrating, caused the collapse of Bear Stearns, left the economy on the brink of the worst recession in a generation and forced the Federal Reserve to take its boldest action since the Depression?

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