Friday, August 06, 2010

Amazingly Fast Eruption on the Sun Photographed

Thu Aug 5, 12:57 PM
SPACE.com Staff

One of the fastest big solar eruptions in years has been observed streaking away from the sun at more than 2.2 million mph by two NASA spacecraft.
The flare occurred Aug. 1 and created a massive sun eruption called a coronal mass ejection that struck Earth's magnetic field Tuesday, creating dazzling aurora displays. NASA's twin STEREO spacecraft recorded the eruption and beamed images of the sun storm back to Earth.
The material ejected from the sun was seen speeding toward Earth at more than 1,000 kilometers per second, or just over 2.2 million mph (3.6 million kph). Another wave from the event was expected to hit Earth's magnetic field on Wednesday. NASA's two STEREO spacecraft, which monitor the sun's weather in 3-D, also recorded a video of the sun eruption.
"These kinds of eruptions are one of the first signs that the sun is waking up and heading toward another solar maximum expected in the 2013 time frame," NASA officials said in a statement. The sun goes through a regular 11-year activity cycle. The last solar maximum occurred in 2001 and its recent extreme solar minimum was particularly weak and long-lasting, the space agency added.
Coronal mass ejections are eruptions of charged particles from the sun that stream out over several hours. They can contain several billion tons of plasma and expand away from the sun at speeds of up to 1 million mph (1.6 million kph). At such speeds, they can cross the 93 million-mile (150 million-km) gulf between the Earth and sun in two to four days.
The material belched from the sun during the Aug. 1 flare is not expected to cause any disturbances on Earth other than creating spectacular auroras. Auroras are created when charged particles are caught by Earth's magnetic field and interact with the atmosphere above the poles.
The Aug. 1 solar flare was a moderate C-class flare. The coronal mass ejection it set off created a strong so-called geomagnetic storm that lasted nearly 12 hours - enough time for auroras to spread from Europe to North America, NASA officials said in a statement.
Stronger solar storms could cause adverse impacts to space-based assets and technological infrastructure on Earth.


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A pardon for the notorious Billy the Kid?

By Phil Gast, CNN
August 6, 2010 -- Updated 0316 GMT (1116 HKT)
 
Billy the Kid is dead and probably doesn't care, but a pardon for the cold-blooded killer may be in the offing. Gov. Bill Richardson, called a "Billy the Kid buff," is looking at an old promise by another governor, and not the Kid's reputation, in deciding whether to issue a posthumous pardon, a spokeswoman said Thursday.
No matter that Billy the Kid has been in the ground since 1881. That hasn't dimmed interest in the cattle-rustling outlaw. Tourists, especially from Europe, are fascinated with Billy the Kid, born Henry McCarty, but also known as William H. Bonney and Henry Antrim. He died at the hands of Sheriff Pat Garrett when he was only 21.
New Mexico's tourism website even has a travel guide to Billy the Kid territory.
"His nickname carries a lyrical quality that still gallops across the high plains of our imagination," according to the text next to the only known photograph of Bonney.
"If he does anything, [Richardson] will review the promise made by Lew Wallace to Billy the Kid," Alarie Ray-Garcia, Richardson's communications director, said Thursday, a day after the governor met with descendants of Garrett.
The Garrett family and others oppose the pardon. Besides arguing that Billy the Kid was an incorrigible killer, they want to make sure Pat Garrett is absolved of wrongdoing related to the killing and a Bonney jail escape.
Jarvis Patrick Garrett, 51, two other grandchildren and two great-grandchildren of Pat Garrett met for an hour with Richardson.
"People had forgotten that Pat Garrett was one of the first individuals to bring law and order to Lincoln County," Jarvis Garrett said.
This latest chapter in the story of Pat Garrett and Billy the Kid has more twists than a lariat.
Popular history has Bonney gunning down 21 men, but many historians say the number was closer to nine. According to other legends, Bonney did not die at Garrett's hands and is not buried in Fort Sumner, New Mexico. He went to Texas and became known as "Brushy Bill" Roberts, they say.
Poppycock, the Garretts argue.
They asked Richardson to sign a petition signed by 100 people that reads, "Whereas we the undersigned accept and agree the traditional history of Sheriff Pat F. Garrett and Billy the Kid (William Bonney), and believe that Billy the Kid died at Pat F. Garrett's hand. Therefore we oppose a postphumous (sic) pardon for Billy the Kid as Brushy Bill Roberts."
Garrett killed Bonney on July 14, 1881, in Fort Sumner weeks after Bonney escaped from a jail. The sheriff, legend has it, was hiding in the dark and shot Bonney when he entered a room.
Garrett himself was gunned down in 1908 at age 57.
Richardson "agrees with the heart of the petition," but is asking his legal department to look at it, Ray-Garcia said.
But the petition doesn't affect the Lew Wallace matter.
Mark Lee Gardner, author of "To Hell on a Fast Horse: Billy the Kid, Pat Garrett, and the Epic Chase to Justice in the Old West," called for a pardon in an op-ed piece last month for the Los Angeles Times.
According to Gardner and other historians, Billy the Kid wrote to Wallace, then the New Mexico territory's governor, asking him to honor a deal. Wallace had promised to grant Bonney amnesty for his role in shooting Lincoln County Sheriff William Brady and other "misdeeds" if he agreed to testify before a grand jury investigating another murder. The pardon didn't happen. The Garretts argue Bonney decided to flee house arrest, making the pardon moot.
"Still, regardless of Billy's crimes, the motives of Richardson or the hollowness of posthumous justice, it all comes back to Wallace's promise. A deal is a deal, and 129 years doesn't change that. Billy is owed a pardon," Gardner wrote.
Bill Garrett, 72, of Alamogordo, New Mexico, said he opposes the pardon. His grandfather was Pat Garrett's brother.
"I am very passionate about this," Garrett said. "He [Bonney] was a killer."
Garrett, who was not at Wednesday's meeting but has written to Richardson, said Wallace did not exonerate Bonney.
"I think he might be better off doing something else," Bill Garrett, a retired bailiff, said of Richardson.
Richardson has been interested in Billy the Kid officially since 2003. "He thought it would be interesting to review this promise by Lew Wallace," said Ray-Garcia.
A sheriff, a deputy and others got involved and moved to have the bodies of Bonney and his mother exhumed for DNA testing to prove they are buried at the Fort Sumner Cemetery. But a judge ruled against the efforts.
Richardson wasn't interested in that aspect and the group's interest in whether Bonney became "Brushy Bill" Roberts, Ray-Garcia said. Ray-Garcia disputed contentions that the sheriff was following orders from Richardson.
According to a letter the Garretts wrote to the governor, Richardson declared support in 2003 for reopening the investigation of Bonney's death.
The investigation cited probable cause for allegations that Garrett killed an innocent victim instead of Bonney and that person is buried in the outlaw's grave, the Garretts said. There also were allegations the sheriff was an accomplice of Bonney in the murder of two deputies in April 1881 and the rustler's subsequent escape.
"This is an abomination as well as an inexcusable defamation of a great man," the letter said of the claims.
Ray-Garcia said Richardson, who leaves office in five months, had nothing to do with the probable cause claims. "The governor told them [the Garretts] that Sheriff Garrett was an honorable man."
She also denied state money went toward the investigation.
Former Lincoln County Sheriff Tom Sullivan was among those involved in the investigation. He opposes the pardon, saying Billy the Kid "was nothing but a glorified cop killer," but said there are many questions about the circumstances of his death and Garrett's conduct.
He said he raised the probable cause questions so that an investigation would glean what really happened with Garrett and Bonney.
"Nobody wants to know the truth," Sullivan said Thursday.
Jarvis Garrett and others in the family said they will continue their campaign to clear Garrett, who they said enjoyed a little gambling.
They are hoping Richardson won't issue a pardon.
"If Billy the Kid was living amongst us now, would you issue a pardon for someone who made his living as a thief and, more egregiously, who killed four law enforcement officers and numerous others?" the Garrett family wrote Richardson.
Author Gardner said there is a reason for an abiding interest in Bonney and curiosity about whether he actually died in the dark and did not escape.
"If you have a folk hero die, you want him to go out with a blaze of glory."
 

Tuesday, August 03, 2010

The Ruling Elite Called
By James Quinn
The Burning Platform
Published on FINANCIAL SENSE (http://www.financialsense.com)
Created 30 Jul 2010
Here is the message from the ruling elite to the masses: Debt got us into this mess and it sure as hell is going to get us out. They have convinced the mainstream media that the reason the economy is sputtering is because the average Joe is not doing their part. This crazy concept of saving for a rainy day seems to be catching on. This is very dangerous.
I just got off the horn with the Ruling Elite. We had an emergency conference call and to tell you the truth, they ain’t happy. You little people are not responding the way you are supposed to. A significant portion of you are not getting more optimistic because they tell you to. Instead of just reading the headline on Bloomberg that durable goods orders skyrocketed in June, you actually read the details that said durable goods orders plunged. It is getting difficult for the ruling elite to keep the masses sedated and dumbed down. These damn bloggers, with their facts and critical thinking, are throwing a wrench into the gears. Obama and his crack team are working round the clock to lock down the internet, but it will take time. Not that they are totally dissatisfied. They’ve been able to renovate their penthouses and purchase new mansions in the Hamptons with the billions in bonuses you supplied through TARP. The $1.2 trillion supplied by your children and grandchildren to buy up toxic mortgages off their balances sheets was a godsend. They will never call you suckers, to your face.
Their spirits were buoyed by the 2,600 pages DONK (Dodd/Frank) financial reform bill. So many loopholes, so little time. Obama and his crack team of Obamanistas in the White House, supported by their mouthpieces in the mainstream media, have been able to easily manipulate the non-thinking masses into believing this bill would have stopped the last financial crash and will stop the next one. The Ministry of Truth has been working overtime utilizing Federal Reserve paid shill economists like Alan Blinder and Mark Zandi to perpetuate the myth that the actions taken in the last 18 months have averted a Depression, saved 8 million jobs, created a long-lasting recovery, wiped out Swine Flu, and earned Paul Krugman a nobel prize in fiction.
This is where we have a problem. The worshippers of Keynes, that rule the country, are pissed off at you. Don’t you realize that government spending of your money, borrowed from the Chinese, with the bill passed to your grandchildren, was supposed to reinvigorate your animal spirits. They handed you other people’s money to buy cars and homes and what do you do? You stop buying cars and homes as soon as they stop paying you to buy cars and homes. You ungrateful bastards. Bennie has been hugely successful at ruining the retirements of millions of grandmothers by paying them .20% on their money market accounts while forcing mortgage rates for 30 years down to 4.5%. And still you don’t buy houses. Timmy has instructed Fannie Mae to make home loans to anyone with a pulse who can make an X on a piece of paper. No money down, no proof of income, no assets. Just like the good old days. Still you don’t buy houses. What is wrong with you?
The criminal banking elite have more than bent over backwards to get this economy humming. They have patiently stood by while you haven’t made your mortgage payments for two years while still residing in the house. They’ve pretended to go along with the brilliant HAMP (Home Affordable Modification Program) plan, masterminded by the rocket scientists in the White House. Just because virtually no one has been able to qualify for the plan and the redefault rate is 75%, doesn’t mean it hasn’t worked wonders for the economy. The awesome part of not making people pay their mortgages is that they were able to make payments on their credit cards. That allowed the mega elite banks to pretend that consumers are flush and relieve their loan loss reserves while not writing off the bad mortgages and reporting billions in profits for the 2nd Quarter. It is good to be the ruling elite.
The ruling elite are letting you slide on your mortgages and you have the gall to withdraw $20 billion from U.S. equity funds and not buy into this fake stock rally. Don’t you realize that when the stock market goes up, the economy follows? Everyone knows this. But, instead you sit on the sidelines and refuse to invest in the stock market. The super computers of the mega-banks are getting tired of trading with each other and single-handedly making the stock market appear safe. Just because the ruling elite have vaporized $10 trillion of your net worth in the last two years, you hold a grudge? Remember the mantra “Stocks For the Long Run” that the ruling elite burned into your brains through CNBC and the rest of the shillstream media? Why are you so suspicious of our advice. Ignore the fact that the S&P 500 today is at the exact level it reached on March 24, 1998. They meant the really really long term.
Here is the message from the ruling elite to you ignorant masses: Debt got us into this mess and it sure as hell is going to get us out. They have convinced the mainstream media that the reason the economy is sputtering is because the average Joe is not doing their part. This crazy concept of saving for a rainy day seems to be catching on. This is very dangerous. Savings could lead to investment and long-term stability. The ruling elite will have none of that foolishness. The mainstream media is telling you that this new found austerity will push us back into recession. The talking heads continue to pound away that you have reduced your spending too much, when anyone with a calculator and half a brain (Krugman doesn’t make the cut) can determine that the decrease in consumer debt outstanding is completely the result of write-offs by the mega elite banks. Consumers are living off their credit cards at this point.
The military industrial complex continues to do the heavy lifting for this economy. If they weren’t blowing up bridges, power plants and orphanages in foreign countries and then rebuilding them at ten times the expected cost, how would they possibly spend $895 billion per year. It ain’t easy to waste that kind of money annually. Whenever some crazy dude like Ron Paul questions the need to spend as much as the rest of the world combined on the military, some potential terrorists are captured in the nick of time and the threat level is raised to Orange (thanks Tom Ridge). The “professional” journalists on the major networks then do their part in this farce by spreading fear among the general population. Rinse and repeat.
So, we now find ourselves at the edge of the abyss again. The ruling elite have a great plan. It involves more debt, more stimulus, more printing, more accounting fraud, more pain for the masses, and of course more bonuses for Wall Street. If you, the little people, will just follow this 10 step plan, the ruling elite will be just fine:
1.Stocks are undervalued according to the same “experts” who told you they were undervalued in October 2007. Take out a loan and buy mega-banks stocks, commercial real estate developers, and bankrupt car companies.
2.General Motors, in a brilliant strategic coup, has bought “subprime” auto loan company Americredit. What else does a government/union owned car company need? The fact that GMAC has lost $10 billion of taxpayer funds in the last year shouldn’t worry you about your investment in GM. If you can’t sell cars to people with no income, no job and no prospects for repaying the seven year 0% loan, who can you sell a car to. When the government pays Goldman Sachs millions to convince you to buy the stock of GM in its Fall IPO, ask no questions and just buy buy buy.
3.Ignore the fact that Citicorp, Bank of America, and Wells Fargo would be declared insolvent if the FASB had not caved into threats from the Federal Reserve and Treasury. Just buy their stocks. Trust Wall Street.
4.Enough austerity already. You haven’t bought a new HDTV in six months. It’s like you’ve been living in a 3rd world country. If you have any equity left in your house, borrow against it and buy something big and glitzy. Make sure you show it off to your shallowest neighbors. They will go out and buy something bigger and glitzier on credit. Before you know it we have a recovery. Keynesianism 101.
5.Stop frequenting financial blogs like Naked Capitalism, Credit Writedowns, Dollar Collapse, Market Oracle, 321Gold, Jesse’s Cafe Americain, Of Two Minds, Zero Hedge, Mike Shedlock, or Barry Ritholtz. These sites will just shower you with facts, analysis and truth. Watch CNBC, Fox, MSNBC and the other corporate media to get the ruling elite approved view of the world.
6.If you are currently renting or living in your mother’s basement, have no job, no savings and no prospects, Fannie Mae wants to put you in your very own house. Mortgage payments are optional. The 50% of Americans that pay taxes will gladly fund your new abode.
7.If you are approaching the 99th week of unemployment, have no fear. The ruling elite will use the MSM to run hundreds of sob stories about only two years on the dole being immoral and cruel. The White House will present a study from “impartial” economists that proves that extending unemployment benefits to 156 weeks will create or save 3 million jobs.
8.The stress of this recession has been too much. You need to whip out that credit card and book a trip to Disney World or Dollywood. Worry about funding that 401k sometime in the future.
9.Unquestioningly accept the fact that Iran is an imminent threat to your safety and liberty. Support the obliteration of this evil nation based upon information provided by the CIA (WMD slamdunk) and the Israelis.
10.Lastly, call your Congressman and tell them to extend the tax cuts for the rich. As you have probably concluded, the ruling elite are rich. They don’t like paying taxes. That is why they employ thousand of tax lawyers. Since the expiration of the Bush tax cuts will hurt the ruling elite the most, a full court press of disinformation is in order.
The ruling elite expect you to comply without question. Have they ever led you astray before?
© 1997–2010 Financial Sense® All Rights Reserved. PO Box 503147 San Diego, CA 92150-3147 USA 858.487.3939
James Quinn
Quinn Advisors Senior Director of Strategic Planning
Primary Tel (215) 573-5404
quinnadvisors @ comcast.net
http://theburningplatform.com/