It’s Probably Nothing

CNBC;

In recent years, these two teams have used engineering and science skills to analyse what they call socio-technical risks, or the dangers that occur whenever complex technological systems proliferate, creating “systems of systems” that nobody understands. In early 2010, well before May 6, they released a brilliantly prescient report that predicted that a systems failure loomed.
Since then, they have continued their research, with sobering conclusions. Most notably, these researchers believe that the flash crash was not an isolated event; on the contrary, it was entirely predictable given how IT systems have proliferated to create a system of systems that is now interacting in unpredictable ways that regulators and investors cannot comprehend, far less control.

Drudge

“The only thing where Canada seems to be a bit offside on is Israel.”


Via Honest Reporting where their sense of humour knows no bounds!

Given the seriousness of Mr. Fife’s violation of the basic principles of media objectivity, we contacted senior executives at CTV News to bring this matter to their attention and to ask how they will be dealing with this matter. We look forward to providing you with an update on how CTV will be handling this journalistic infraction from one of their senior journalists.

A Primer on America’s Great Divide in 2012

Here’s a most excellent video, full of great facts, that you may want to bookmark:

In a recent column, James Delingpole provided a link to this video and went on to explain how incredibly sad it was that many of the Occupy supporters essentially want the same end results as Tea Party supporters, except that each group is diametrically opposed about how to get there.
Quite frankly, Delingpole is being exceptionally charitable to the Occupy crowd. Most of them appear to be poster boys & girls of the Entitlement Generation or just downright communists. One wonders, if some basic questions about what fiscal conservatives stand for were given to this lot, whether even 1% would have any clue as to what their ideological opponents believe in?

We Don’t Need No Stinking Giant Mirrors

It’s always darkest before the lights go completely out…

With at least seven solar-panel manufacturers filing for bankruptcy or insolvency in the last several months and six of the 10 largest publicly traded companies making solar components reporting losses in the third quarter, public-market investors are punishing the solar sector, sending shares down nearly 57% this year.
Although winners are expected to emerge eventually…

It’s Probably Nothing

Last week, the European Central Bank provided €489 billion ($US633 billion) in three-year loans to cash-strapped European banks, but figures released overnight show that European banks have turned around and deposited a record €452 billion with the ECB. This is stark evidence that the European interbank lending market remains crippled, and that banks would rather earn the meagre 0.25 per cent interest rate that the ECB pays on depots, rather than running the risk of lending to other banks at much higher interest rates.

Related from John Fund;

The 17 nations in the eurozone are now trapped between the unthinkable and the unsellable. Ending the euro is considered so radical a step that there are no backup plans for leaving it behind. But further integration of Europe’s economies is unpalatable because it would have to be sold to populations that, as the Washington Post put it, “were more skeptical about the Eurozone than their leaders to begin with, and have seen their worst fears realized.”

“Language is the first casualty of politics”

Publius parses:


Repeating certain key words, like “cut”, followed by “Prime Minister Stephen Harper” and the inattentive will begin to think that the PM is advocating a cut. Since it is a common theme in the MSM, as well as the school system, that Conservatives are “cutters” who care more about money than people, it’s a repetitive messaging that dovetails with preconceived notions…

We Don’t Need No Stinking French Fry Grease

The things you’ll never see at the CBC;

Gevo, a prominent advanced-biofuels company that has received millions in U.S. government funding to develop fuels made from cellulosic sources such as grass and wood chips, is finding that it can’t use these materials if it hopes to survive. Instead, it’s going to use corn, a common source for conventional biofuels. What’s more, most of the product from its first facility will be used for chemicals rather than fuel.

Via

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