Obama Seeks To Stabilize A Risky Business

Obama's insistence on addressing derivatives — and the sense shared by lobbyists on all sides of the issue that derivatives will inevitably fall under greater scrutiny of some kind — represents a remarkable turnaround.

A dozen years ago, President Bill Clinton, Federal Reserve Chairman Alan Greenspan and Congress all opposed government oversight of derivatives. A law enacted in 2000 made it clear that most derivatives could not be regulated. Derivatives serve a legitimate purpose in hedging risks and there was concern at the time that imposing too much regulation would put the U.S. out of line in what is truly a globalized market.

Some of those worries remain valid. Still, the former consensus against regulation has flipped around almost entirely. Derivatives are widely viewed as a key contributor to the near-collapse of the financial markets in 2008. It's clear that any financial overhaul bill that clears Congress this year will impose new restrictions on derivatives trading.

Read more

Graceful Decline

Full piece is here

The end of Pax Americana

The epoch of American dominance is drawing to a close, and international politics is entering a period of transition: no longer unipolar but not yet fully multipolar. President Barack Obama’s November 2009 trip to China provided both substantive and emblematic evidence of the shift. As the Financial Times observed, “Coming at a moment when Chinese prestige is growing and the U.S. is facing enormous difficulties, Mr. Obama’s trip has symbolized the advent of a more multi-polar world where U.S. leadership has to co-exist with several rising powers, most notably China.” In the same Pew study, 44 percent of Americans polled said that China was the leading economic power; just 27 percent chose the United States.

Bankrupt Empire

The United States government is effectively bankrupt. Washington no longer can afford to micromanage the world. International social engineering is a dubious venture under the best of circumstances. It is folly to attempt while drowning in red ink.

Read more

NASA to Launch Robonaut This Year

Later this year, NASA's R2 will become the first humanoid robot resident of the International Space Station. The launch of the handsome android, which until now had not been firmly scheduled, has now been fast-tracked to happen this September.

Before the bot goes up, it has to be tested in conditions of vacuum, low gravity, high radiation, and trained sensitivity to the unusual practices on board the ISS.

NASA has released a new video showing off R2's impressive capabilities.

Source

GM viruses offer hope of future where energy is unlimited

Breakthrough as US Researchers Replicate Photosynthesis in Laboratory

Scientists have made a fundamental breakthrough in their attempts to replicate photosynthesis - the ability of plants to harvest the power of sunlight - in the hope of making unlimited amounts of "green" energy from water and sunlight alone.

The researchers have assembled genetically modified viruses into wire-like structures that are able to use the energy of the sun to split water molecules into their constitute parts of oxygen and hydrogen, which can then be used as a source of chemical energy.

If the process can be scaled up and made more efficient, it promises to produce unlimited quantities of hydrogen fuel, a clean source of energy that can be used to generate electricity as well as acting as a portable, carbon-free fuel for cars and other vehicles.

Read more

Nine Myths About Socialism in the US

Myth #1. The US government is involved in class warfare attacking the rich to lift up the poor.

There is a class war going on all right. But it is the rich against the rest of us and the rich are winning. The gap between the rich and everyone else is wider in the US than any of the 30 other countries surveyed. In fact, the top 10% in the US have a higher annual income than any other country. And the poorest 10% in the US are below the average of the other OECD countries. The rich in the U.S. have been rapidly leaving the middle class and poor behind since the 1980s.

Read more

Geminoid F: Hiroshi Ishiguro Unveils New Smiling Female Android

eminoid F, a copy of a woman in her 20s with long dark hair, exhibits facial expressions more naturally than previous androids

Japanese roboticist Hiroshi Ishiguro unveiled today his latest creation: a female android called Geminoid F. The new robot, a copy of a woman in her 20s with long dark hair, can laugh, smile, and exhibit other facial expressions more naturally than Ishiguro's previous androids.

Ishiguro, a professor at Osaka University, is famous for creating a robot replica of himself, the Geminoid HI-1, a teleoperated android that he controls remotely. The new Geminoid F ("F" stands for female) is also designed to be remote controlled by an operator.

Source

Inducing 'Plasticity' in Brain, Allowing it to Rewire Itself Like New

The brain is the body's most complicated biological machine, and as such it can be very difficult to service when something goes wrong; after our neural wiring is put in place, at a very young age, altering or rebuilding it becomes extremely challenging. But researchers at UC San Francisco have figured out a way to induce a new period of "plasticity" -- a state in which neural circuitry is receptive to change -- in the visual cortices of mice, a breakthrough that could lead to treatments for brain circuits damaged by developmental problems or traumas.

All regions of the brain go through periods of high plasticity at various times in the development process during early life. During this time, neurons are highly responsive to signals -- in the case of the visual cortex, visual signals -- that shape the way they will function going forward. Through a process known as synaptic transmission, the cells rapidly relay signals from one appropriate cell to the next, creating the neural circuitry that enables functions like vision.

Read more

President Obama Should Embrace the Socialist Label

 [...]

What's so terrible about being a Socialist? It's a perfectly respectable political philosophy and the last time I checked it wasn't against the law or anything and Sanders seems to be doing just fine. So why do President Obama and his Republican critics act as though it's such a dirty word?

If Barack Obama wants to be a transformational President like Ronald Reagan, inspiring a new generation of Americans to believe as he does, he would be wise to own the label and change the public perception of it rather than running from it. And the President's Republican critics should get over their timidity and engage in the kind of full-throated public discourse that debates the issues on the merits and calls him what he, objectively, is.

As for the rest of us in the vast mainstream of American life who aren't blindly beholden to any political ideologies, we'll continue to be believe in a sort of hybrid of Socialism and Capitalism, celebrating a political and economic system that allows people to get rich even as we aggressively encourage the wealthy among us to give away much of that wealth to charities and churches in order to help the less fortunate among us all.

Source

A Victory for the American People

Just a great picture of yesterday's historical signing ceremony for HCR.  President Obama and others broke out in a sudden smile for a moment.

The Top Ten Immediate Benefits You'll Get When Health Care Reform Passes

As soon as health care passes, the American people will see immediate benefits. The legislation will:

* Prohibit pre-existing condition exclusions for children in all new plans;

* Provide immediate access to insurance for uninsured Americans who are uninsured because of a pre-existing condition through a temporary high-risk pool;

* Prohibit dropping people from coverage when they get sick in all individual plans;

* Lower seniors' prescription drug prices by beginning to close the donut hole;

* Offer tax credits to small businesses to purchase coverage;

* Eliminate lifetime limits and restrictive annual limits on benefits in all plans;

* Require plans to cover an enrollee's dependent children until age 26;

* Require new plans to cover preventive services and immunizations without cost-sharing;

* Ensure consumers have access to an effective internal and external appeals process to appeal new insurance plan decisions;

* Require premium rebates to enrollees from insurers with high administrative expenditures and require public disclosure of the percent of premiums applied to overhead costs.

By enacting these provisions right away, and others over time, we will be able to lower costs for everyone and give all Americans and small businesses more control over their health care choices.

Source

A Computer That Processes Faster Than The Speed of Light

How fast is too fast? According to the laws of physics, the speed of light is a good boundary, as going beyond it opens you up to all sorts of paradoxes and space-time phenomena that are usually the stuff of sci-fi. But a couple of researchers in Austria have come up with a way to compute information faster than the speed of light.

The idea is not quite as crazy as it might sound, though you may wish to limber up your mind before delving deeper. It's based on the same principle as that of quantum entanglement -- the notion that two particles on opposite sides of the universe can be linked through their quantum states such that one cannot be adequately described without the other. That is, an action on one particle instantaneously influences its counterpart, even if they are separated by light years.

More here

The Myth of Europe's High Taxes

Americans pay just as much-- and receive far less in benefits, says author Steven Hill

Do Americans really pay fewer taxes than Europeans? Contrary to conventional wisdom, the answer surprisingly is: not really. That’s because in return for their taxes, Europeans – even those unemployed during these tough times – have access to a generous support system for families and individuals that most Americans can only imagine. That includes not only quality health care but also child care, a good retirement pension, inexpensive college education, job retraining, paid sick leave, paid parental leave (after a birth or to care for sick children), ample vacations, affordable housing, adequate senior care and more. In order to receive the same level of benefits as Europeans, most Americans have to fork out a lot of out-of-pocket payments, in addition to our taxes. These payments often are in the form of fees, surcharges, higher tuition, insurance premiums, co-payments and other hidden charges.

Read more

HR 4789 and The Public Option: The Way Forward

by Rep. Alan Grayson
[...]

And to the right-wing loons who call it socialism, we say, "if you want to be a slave to the insurance companies, that's fine. If you want 30% of your premiums to go to 'administrative costs' and billion-dollar bonuses for insurance CEOs who figure out new and creative ways to deny you the care you need to stay healthy and alive, that's fine. But don't you try to dictate to me that I can't have a public option!"

And there is a way left to get it. By insisting on a vote on H.R. 4789. Three votes on health care, not two. The Senate bill, the reconciliation amendments, and the Public Option Act.

We got 50 co-sponsors for this bill in two days. Including five powerful committee chairman. But we need more.

Sign our Petition at WeWantMedicare.com.

Call. Write. Visit. Do whatever you can do to get you Congressman to co-sponsor this bill, and push it to a vote. Right now, before it's too late.

Let's do it!

An Oscar for America’s Hubris

What a shame that the one movie about the Iraq war that has a chance of being viewed by a large worldwide audience should be so disappointing. According to press reports, members of the Academy of Motion Picture Arts and Sciences finally found a movie about the Iraq war they liked because it is “apolitical.” Actually, “The Hurt Locker” is just the opposite; it’s an endorsement of the politically chauvinistic view that the world is a stage upon which Americans get to deal with their demons no matter the consequence for others.

It is imperial hubris turned into an art form in which the Iraqi people appear as numbed bystanders when they are not deranged extras. It is a perverse tribute to the film’s accuracy in portraying the insanity of the U.S. invasion—while ignoring its root causes—that the Iraqis are at no point treated as though they are important.

Read more

The Coffee Party USA Wake Up and Stand Up

MISSION: The Coffee Party Movement gives voice to Americans who want to see cooperation in government. We recognize that the federal government is not the enemy of the people, but the expression of our collective will, and that we must participate in the democratic process in order to address the challenges that we face as Americans. As voters and grassroots volunteers, we will support leaders who work toward positive solutions, and hold accountable those who obstruct them.

We are diverse — ethnically, geographically, politically, in age and in experience.

We are 100% grassroots. No lobbyists here. No pundits. And no hyper-partisan strategists calling the shots in this movement. We are a spontaneous and collective expression of our desire to forge a culture of civic engagement that is solution-oriented, not blame-oriented.

We demand a government that responds to the needs of the majority of its citizens as expressed by our votes and by our voices; NOT corporate interests as expressed by misleading advertisements and campaign contributions.

We want a society in which democracy is treated as sacrosanct and ordinary citizens participate out of a sense of civic duty, civic pride, and a desire to contribute to society. The Coffee Party is a call to action. Our Founding Fathers and Mothers gave us an enduring gift — Democracy — and we must use it to meet the challenges that we face as a nation.

Visit their Home Page

Opinion: Mars Is Within Our Reach -- Here's How

Buzz Aldrin

I believe we can be well on our way to Mars by July 20, 2019 -- which just happens to be the 50th anniversary of my Apollo 11 flight to the moon. The plan I've designed, called a unified space vision, contains ideas for the development of a deep-space craft that I call the Exploration Module, and development of a true heavy lift space booster evolved from the existing space shuttle.

Read more

Al Gore wishes global warming wasn't real

Former vice president Al Gore, the target of ridicule by climate skeptics this winter, says he wishes global warming was an "illusion."

Former vice president Al Gore has long warned of the dangers of global warming. He spoke about them during the United Nations Climate Change Conference in Copenhagen in December.

Unfortunately, its dangers are real, despite mistakes by a leading United Nations climate-science panel, Gore writes Sunday in The New York Times. "The overwhelming consensus on global warming remains unchanged," he says, adding:

In fact, the crisis is still growing because we are continuing to dump 90 million tons of global-warming pollution every 24 hours into the atmosphere — as if it were an open sewer.

More

Why liberal blogs are hurting progress

Most liberal blogs have commenters who are extremely cynical, and they aren't shy about forecasting doom and failure.  Major media reads these blogs to gauge public opinion and fashion their news to incorporate fears put out by cynical commenters in blogs.  I don't blame these people, many suffering unemployment or worse in this terrible economy, but their fears may becoming reality as the cold and ruthless corporate media can use and exploit these worries to further the general corporate agenda dividing the very rich and the rest of us in the 99% who are not millionaires.  I don't comment on blogs much anymore, but I still read these type of comments and can't help but see how people who mean well, unwittingly give ideas to the filthy rich on how to keep these poor people down.  A little more optimism and less competition to see who can be most cynical would go a long way, in my opinion.

Make Poverty History: Make Clean Energy Cheap

The task is clear: to eliminate energy poverty and avoid climate catastrophe, we must unleash our forces of innovation - namely, scientists, engineers and entrepreneurs - to develop a portfolio of truly scalable clean energy technologies, bring these technologies to market, and ensure they are affordable enough to deploy throughout the world.

Read full article here

Is It Time To Replace The American Dream?

If we listen very closely, we can hear the whisper of a new dream in the making, one based on what youth around the world are beginning to call "quality of life". In this new world, the American Dream seems almost provincial, even quaint, and entirely unsuited for a generation that is beginning to extend its empathic sensibility beyond national identities, to include the whole of humanity and the entirety of the planet as their extended community. If the American Dream served as the gold standard for the era of national markets and nation-state governments, the dream of "quality of life" becomes the standard for the emerging biosphere era.

Read more

Cut working week to 21 hours, urges think tank

Anna Coote, co-author of the 21 Hours report, said: "So many of us live to work, work to earn, and earn to consume, and our consumption habits are squandering the earth's natural resources.

"Spending less time in paid work could help us to break this pattern. We'd have more time to be better parents, better citizens, better carers and better neighbours.

"We could even become better employees - less stressed, more in control, happier in our jobs and more productive.

"It is time to break the power of the old industrial clock, take back our lives and work for a sustainable future."

Original article here

http://news.bbc.co.uk/2/hi/business/8513783.stm

Evolving the Democratic Party

It would be better if the Democratic party was the party of principled activists rather than a group of victimized, oppressed *by enter reason here* by rethugs, who are a minority themselves of mostly idiots. Are blacks, etc. voting Dem because they are victims of bigotry, or do they vote Dem for solid social/liberal principles. There's a big difference, I just hope we can evolve into Democratic Socialism, so the conservative minority will become history, along with racism, etc.

Ending the Narrative

Corporate media creates a narrative of conflict for the two parties. Why? Because it's good for ratings and therefore profits.  Having Dems rule for years is probably good for the country but the CM is greedy and puts it's profits over the good of the nation, thus the dreadful narrative of rw morons coming back to power.

It's up to people to wake up, tune out, and vote more practically, not according to some secret code fed to them by the corporate media Borg.

Michael Moore

"What I'm asking for is a new economic order," he says. "I don't know how to construct that. I'm not an economist. All I ask is that it have two organising principles. Number one, that the economy is run democratically. In other words, the people have a say in how its run, not just the 1%. And number two, that it has an ethical and moral core to it. That nothing is done without considering the ethical nature, no business decision is made without first asking the question, is this for the common good?"

Read full article