Daily Archives: January 24, 2012
Submitted by Tyler Durden on 01/24/2012 08:36 –0500
Just when one thinks American crony capitalism couldn’t hit new lows, here comes Warren Buffett and his personal puppet, the president, proving everyone wrong once more. Because if one thinks there is no (s)quid pro quo for all that “sage” advice that Buffett has been giving to Obama on extracting as much wealth as possible from future wealthy Americans (before they decide they have had enough with this crony shit and leave the country for good), one would be fatally wrong. As it turns out, it is not just natural resources and aquifer purity that Obama had in mind when sealing the fate of the Keystone XL pipeline. No – it appears there were far more relevant numerial metrics that determined Obama’s decisions. Such as the bottom line number of Buffett’s Burlington Northern, which according to Bloomberg, is among U.S. and Canadian railroads that stand to benefit from the Obama administration’s decision to reject TransCanada Corp.’s Keystone XL oil pipeline permit. ‘“Whatever people bring to us, we’re ready to haul,” Krista York-Wooley, a spokeswoman for Burlington Northern, a unit of Buffett’s Omaha, Nebraska-based Berkshire Hathaway Inc. (BRK/A), said in an interview. If Keystone XL “doesn’t happen, we’re here to haul.” And quite delighted to reap the windfalls of unfounded populist fears she forgot to add. Because while the whole “carbon-credit” multi-trillion top line expansion scheme for Goldman under the pretense of actually caring for the environment may have collapsed, it is not preventing others from trying and succeeding where even Goldman has failed.
Rail car production is already at a three-year high as manufacturers such as Greenbrier Cos Inc. (GBX) and American Railcar Industries Inc. (ARII) expand to meet demand for sand used in oil and gas exploration, according to Steve Barger, an analyst at Keybanc Capital Markets Inc. in Cleveland, citing Railway Supply Institute statistics.
Rail-car suppliers can add capacity, Hatch said.
“Railroads are not just a stopgap while we wait for a pipeline,” Hatch said in an interview. “They are potentially part of the long-term solution.”
Railroads are being used in North Dakota (STOND1), where oil producers have spurred a fivefold increase in output by using intensive drilling practices in the Bakken, a geologic formation that stretches from southern Alberta to the northern U.S. Great Plains. During 2011, rail capacity in the region tripled to almost 300,000 barrels a day as higher production exceeded what pipelines handle, according to the State Department report on Keystone XL.
Burlington Northern carries about 25 percent of the oil from the Bakken, said Krista York-Wooley, the railroad spokeswoman. The company can carry higher volumes from North Dakota or Alberta, she said.
Canadian Pacific Railway Ltd. (CP)’s shipments from North Dakota climbed to more than 13,000 carloads last year from about 500 in 2009, Ed Greenberg, a spokesman, said in an e-mail. The Calgary- based company has a similar plan in western Canada.
“With an extensive rail network and proven expertise in moving energy, CP offers a flexible option for transporting crude oil and other energy-related products to and from key locations in North America,” Vice President Tracy Robinson said in an e-mail. “Rail is scalable, allowing CP to effectively keep pace with the shipping needs of producers.”
So those wondering how it is that AAR railroad statistics continue to be so very strong, it is not because the economy actually justifies it: it is because crony interests such as those of the Octogenarian of Omaha demand it as “payment” for their crony collegiality with the biggest dunce president since Carter.
In other news, it is truly amazing how with every new development, America is now becoming like one giant conspiracy theory, only this time it is actually not a theory as with every passing day we see it enacted in practice.
- Investopedia: The Keystone XL Pipeline Explained (wire.kapitall.com)
- Demise of Keystone XL Means More Bakken Shale Gas Flaring (desmogblog.com)
- State Department to Reject Keystone XL Pipeline Reroute (inquisitr.com)
Paul Joseph Watson
Tuesday, January 24, 2012
Former fellow of George Soros’ Open Society and current Stanford University scholar Evgeny Morozov has called on Google and other search engines to become thought crime enforcers, by providing warnings about websites that contain “conspiracy theories” such as the belief, held by a majority of Americans, that global warming is not primarily man-made.
Morozov, whose biography confirms him as a well-connected insider, decries in a Slate piece how the Internet is a useful tool for “People who deny global warming” as well as “the anti-vaccination movement,” calling on Google to provide a “socially responsible curated treatment” that would marginalize such beliefs by amending search results.
His solution is to, “Nudge search engines to take more responsibility for their index and exercise a heavier curatorial control in presenting search results for issues like “global warming” or “vaccination.” Google already has a list of search queries that send most traffic to sites that trade in pseudoscience and conspiracy theories; why not treat them differently than normal queries? Thus, whenever users are presented with search results that are likely to send them to sites run by pseudoscientists or conspiracy theorists, Google may simply display a huge red banner asking users to exercise caution and check a previously generated list of authoritative resources before making up their minds.”
Morozov describes the potential that such a move will be judged as Google “shilling for Big Pharma or for Al Gore” as “a risk worth taking”.
This represents a similar argument to Cass Sunstein’s “cognitive infiltration,” an effort by Obama’s information czar to slap government warnings on controversial websites (including those claiming that exposure to sunlight is healthy). In a widely derided white paper, Sunstein called for political blogs to be forced to include pop ups that show “a quick argument for a competing view”. He also demanded that taxes be levied on dissenting opinions and even suggested that outright bans on certain thoughts should be enforced.
Giving companies like Google, which has grown to virtually become the gatekeeper of the entire Internet itself and is already engaging in SOPA-like acts of censorship, the power to denote which political and scientific positions are acceptable and which are fringe “conspiracy theories” is an insult to free thinking and smacks of Chinese-style thought control.
Morozov’s argument is also completely undermined by the fact that the two so-called fringe “conspiracy theories” he forwards as being in need of Google’s thought crime control, skepticism about global warming and the dangers of vaccines, are views held by millions of Americans and are not “fringe” at all.
In addition, polls show that a quarter of Americans, some 75 million of them, believe that vaccines are unsafe and can cause autism. To characterize this as a minority conspiracy belief is like labeling Catholicism as a doctrine of a tiny fringe.
At best, views about global warming and the safety of vaccines can be described as being split, but to claim that skepticism over man-made climate change and the dangers of inoculations are “kooky” fringe conspiracy beliefs, as Morozov does in his article, is brazenly inaccurate and exposes the agenda-driven bias of his rhetoric.
This is further illustrated by the reader comments, which almost universally deride Morozov and attack his argument as being a thinly veiled demand for Internet censorship.
“The day Google starts doing things like this is the day I find a new search engine,” writes one.
“So, you are a supporter of internet censorship? Only of information that you disagree with, of course. So I assume Slate and NAF did not support the recent action regarding SOPA?” adds another.
Morozov’s rhetoric is merely one aspect of the wider move to turn the Internet into an echo chamber of establishment propaganda, drowning out alternative voices to the benefit of large pharmaceutical companies who make billions from selling risky vaccines and scientific bodies whose very survival depends upon the global warming myth being upheld.
It represents another effort to win an information war the establishment is currently losing, as Hillary Clinton herself admitted, by not just creating a new Orwellian Internet Ministry of Truth, as Bill Clinton demanded, but by ascribing this role to the very gatekeeper of the Internet itself – Google.
- Prison Planet.com ” Soros Mouthpiece Calls On Google To Police “Conspiracy Theories” (gunnyg.wordpress.com)
- | Regulatory Czar wants to use copyright protection mechanisms to shut down rumors and conspiracy theories! (truthaholics.wordpress.com)
- Regulatory Czar wants to use copyright protection mechanisms to shut down rumors and conspiracy theories (wattsupwiththat.com)
George Soros is no stranger to Blaze readers. The billionaire currency speculator and philanthropist has long been in the news, especially since the fateful day in 1992 when he helped crash England’s economy. In fact, since that day, he has been commonly referred to as “the man who broke the bank of England.”
Soros is shrewd, he has a keen eye for investments, and he knows how to play the markets. Therefore, when he makes a prediction, it might be safe to say it’s worth a listen. After all, his predictions (among other things) have made him the multi-billionaire he is today.
So you might want to pay attention to a recent story from The Daily Beast that claims George Soros is nervous about the future of the global economy and that he warns of dark things to come.
“At times like these, survival is the most important thing,” Soros said.
As he sees it, the world faces one of the most dangerous periods of modern history—a period of “evil,” writes the Beasts’ John Arlidge. “Europe is confronting a descent into chaos and conflict. In America [Soros] predicts riots in the streets that will lead to a brutal clampdown that will dramatically curtail civil liberties [emphases added]. The global economic system could even collapse altogether.”
And to add a little color, Aldridge notes Soros says it all while “peering through his owlish glasses and brushing wisps of gray hair off his forehead.”
“I am not here to cheer you up. The situation is about as serious and difficult as I’ve experienced in my career,” Soros told Newsweek. “We are facing an extremely difficult time, comparable in many ways to the 1930s, the Great Depression. We are facing now a general retrenchment in the developed world, which threatens to put us in a decade of more stagnation, or worse. The best-case scenario is a deflationary environment. The worst-case scenario is a collapse of the financial system.”
As mentioned in the above, and as The Daily Beast points out, Soros’ warning is probably based on his natural market instincts as well as personal experience.
“I did survive a personally much more threatening situation, so it is emotional, as well as rational,” Soros said in reference to his personal experiences with both Nazi and Communist occupations.
“The collapse of the Soviet system was a pretty extraordinary event, and we are currently experiencing something similar in the developed world, without fully realizing what’s happening,” Soros said.
“Unrestrained competition can drive people into actions that they would otherwise regret,” Soros said. “The tragedy of our current situation is the unintended consequence of imperfect understanding. A lot of the evil in the world is actually not intentional. A lot of people in the financial system did a lot of damage without intending to.”
Wait a minute. Soros believes that the economic meltdown was the result of not just poor investments but honest-to-God “evil”?
“That’s correct,” Soros affirmed.
Soros continued in this vein, each prediction getting darker and grimmer than the last.
He believes that the EU must be held together because “if you have a disorderly collapse of the euro, you have the danger of a revival of the political conflicts that have torn Europe apart over the centuries—an extreme form of nationalism, which manifests itself in xenophobia, the exclusion of foreigners and ethnic groups.”
“In Hitler’s time, that was focused on the Jews,” Soros said. “Today, you have that with the Gypsies, the Roma, which is a small minority, and also, of course, Muslim immigrants.”
It is “now more likely than not” that Greece will formally default in 2012, Soros said. For this, he blames the EUs’ leadership and believes that eurozone leaders only know how to “do enough to calm the situation, not to solve the problem.”
Soros then went on to talk about how the Occupy Wall Street movement has added to the ever-changing dynamics in the world economy. Debt, Wall Street and capitalism have been put under intense scrutiny and people are becoming increasingly angry.
As this anger intensifies, will the inevitable result be a spontaneous eruption of violence and riots?
“Yes, yes, yes,” Soros says, almost “gleefully.”
However, according to Soros, worse than the riots and violence will be the government reaction.
“It will be an excuse for cracking down and using strong-arm tactics to maintain law and order, which, carried to an extreme, could bring about a repressive political system, a society where individual liberty is much more constrained, which would be a break with the tradition of the United States,” Soros said.
Perhaps because he sees such a dark future for the West, Soros has staked his “hopes” for the global economy in Middle East and the “democracies” that are springing up over there.
“While the developed world is in a deep crisis, the future for the developing world is very positive,” Soros said. “The aspiration of people for an open society is very inspiring. You have people in Africa lining up for many hours when they are given an opportunity to vote. Dictators have been overthrown. It is very encouraging for freedom and growth.”
Soros insists the key to avoiding cataclysm in 2012 is not to let the crises of 2011 go to waste, writes John Arlidge.
“In the crisis period, the impossible becomes possible,” Soros said. “The European Union could regain its luster. I’m hopeful that the United States, as a political entity, will pass a very severe test and actually strengthen the institution.”
- Obama-Soros Promote “Open Government” (mb50.wordpress.com)
- Soros Plots Museveni’s Coup (mb50.wordpress.com)
- Why U.S. military in Uganda? Soros fingerprints all over it (mb50.wordpress.com)
- Obama’s Uganda Gambit to serve Soros (mb50.wordpress.com)
- Prison Planet.com ” Soros Mouthpiece Calls On Google To Police “Conspiracy Theories” (gunnyg.wordpress.com)
- Soros says euro split would be catastrophe: report (marketwatch.com)
- Soros: Euro Crisis More Serious than the Crash of 2008 (wallstreetpit.com)