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Politics : Liberalism: Do You Agree We've Had Enough of It? -- Ignore unavailable to you. Want to Upgrade?


To: Kenneth E. Phillipps who wrote (72627)9/25/2009 11:17:50 AM
From: lorne1 Recommendation  Respond to of 224737
 
World bids farewell to U.S. dollar
Largest bank, U.N. seek replacement for global reserve currency
September 25, 2009
By Jerome Corsi and Chelsea Schilling
© 2009 WorldNetDaily
wnd.com


One of the world's largest banks is bidding farewell to the U.S. dollar – just as the dollar faces intense scrutiny at today's G-20 summit and the United Nations announces it wants a new global reserve currency replacement.

"The dollar looks awfully like sterling after the First World War," David Bloom, HSBC currency chief, told London's Telegraph.

"The whole picture of risk-reward for emerging market currencies has changed. It is not so much that they have risen to our standards, it is that we have fallen to theirs. It used to be that sovereign risk was mainly an emerging market issue but the events of the last year have shown that this is no longer the case. Look at the U.K. – debt is racing up to 100 percent of GDP," he said

China and rising Asia can no longer continue holding down their currencies to boost exports because it's hurting their own economies, creating asset bubbles, the Telegraph reported.

"The policy headache was already becoming clear in the final phase of the global credit boom but the financial crisis temporarily masked the effect," the report states. "The pressures will return with a vengeance as these countries roar back to life, leaving the U.S. and other laggards of the old world far behind."

Bloom told the newspaper that regional currencies will emerge as the anchor for HSBC's smaller trading partners, with China, Brazil, or South Africa filling the role of the U.S. Australia has been linking its fortunes to China through commodity ties.

The news comes on the heels of a recent Red Alert report that world organizations, including the United Nations, are openly calling for the creation of a one-world currency to replace the dollar – and the Obama administration's trillion-dollar deficits are serving as a trigger for the currency switch.

A United Nations report recommended that a new one-world currency should be created to replace the dollar as the standard for foreign-exchange holdings in international trade.

"If the plan succeeds, the United Nations would effectively end up replacing the United States as the issuer of the one-world international currency used as the standard of foreign exchange to settle international trade transactions," Red Alert reported. "The move would obviate the need for any nation state in the future to be the arbiter of world trade, marking yet another blow to national sovereignty on the path to one-world government."

The report, released by the United Nations Conference on Trade and Development, or UNCTAD, endorsed a proposal that Special Drawing Rights, or SDRs, issued by the International Monetary Fund, or IMF, "could be used to settle international payments."

The dollar is also expected to come under intense scrutiny at the today's G-20 Pittsburgh summit. China is leading calls for reconsideration of the dollar as a reserve currency. The country was first to call for a new global currency as an alternative to the dollar as the U.S. deficit began multiplying.

Red Alert has also reported that Russia and China championed the idea to use the IMF's Special Drawing Rights as a new international currency as a proposal that was adopted by the 2009 G-20 London summit held last April.

The G20 summit meeting took a step toward creating a new one-world currency through the International Monetary Fund that is designed to replace the dollar as the world's foreign exchange reserve currency of choice.

Point 19 of the final communiqué from the G20 summit in London on April 2 stated, "We have agreed to support a general SDR which will inject $250 billion into the world economy and increase global liquidity," taking the first steps forward to implement China's proposal that Special Drawing Rights at the International Monetary Fund should be created as a foreign-exchange currency to replace the dollar.

The IMF created SDRs in 1969 to support the Bretton Woods fixed exchange-rate system.

"The international supply of two key reserve assets – gold and the U.S. dollar – proved inadequate for supporting the expansion of world trade and financial development that was taking place," a document on the IMF website explains. "Therefore, the international community decided to create a new international reserve asset under the auspices of the IMF."

When the Bretton Woods fixed-rate system collapsed, major world currencies, including the dollar, shifted to a floating exchange-rate system where the price of the dollar and other major world currencies was created by trading on international currency exchanges.

Until the current global economic crisis, SDRs issued by the IMF have been used by IMF member nation states primarily as a reserve account to support international trade transactions, not as an alternative international currency available to settle international debt transactions in danger of default.

Some say the discussion of using SDRs at the IMF as an international reserve payment system is further evidence that the momentum to create a one-world currency is gaining among not only among academic economists, but also among and professional economists holding prominent government positions.

Red Alert previously reported that strong support for the idea of a one-world currency has recently come from Canadian economist Robert Mundell, who won a Nobel-prize in 1999, for his work formulating the intellectual basis for creating the euro.

Mundell endorsed the idea of Kazakhstan President Nursultan Nazarbayev to create the "acmetal" as a world currency, according to the Australian News.

Craig Smith, president and CEO of Swiss America Trading Corporation, a national investment firm specializing in U.S. gold and silver coins, has been warning about the decline of the dollar for many years.

"It is now happening before our eyes," Smith said. "The dollar is getting ready to get hammered, and there is no way for the Fed to stop it."

Smith, author of "Rediscovering Gold in the 21st Century," has argued that the simplest solution for Americans looking to protect their wealth is to convert it from unstable dollars into gold, "the most stable currency in the world."



To: Kenneth E. Phillipps who wrote (72627)9/25/2009 11:21:40 AM
From: lorne2 Recommendations  Read Replies (1) | Respond to of 224737
 
What do you think ken...more of this type of thing to come from hussein obama in the future.?

Protesters Are Met by Tear Gas at G-20 Conference
By IAN URBINA
Published: September 24, 2009
nytimes.com

PITTSBURGH — As the two-day Group of 20 meeting brought leaders of the world’s industrialized nations here Thursday, the police were out in force, patrolling on bicycles, foot and horseback, by river and by air.

Robert Stolarik for The New York Times
A man was arrested by police during the protests in Pittsburgh on Thursday. More Photos »

Group of 20 In the afternoon, protesters trying to march toward the convention center where the gathering is being held encountered roaming squads of police officers carrying plastic shields and batons. The police fired a sound cannon that emitted shrill beeps, causing demonstrators to cover their ears and back up, then threw tear gas canisters that released clouds of white smoke and stun grenades that exploded with sharp flashes of light.

City officials said they believed it was the first time the sound cannon had been used publicly. “Other law enforcement agencies will be watching to see how it was used,” said Nate Harper, the Pittsburgh police bureau chief. “It served its purpose well.”

The protesters, who did not have a permit to march, rolled a large blue metal trash container down 37th Street. It stopped short of police vehicles and in front of a women’s clothing and shoe boutique called Pavement.

“It was scary,” said Alissa Martin, the shop’s owner. “You feel like you’re living in a war zone.”

About 20 people were arrested, and city officials said no serious injuries were reported.

On Thursday night on Forbes Avenue, hundreds of police officers carrying long batons fired smoke canisters that trailed in high arcs before landing among buildings at the University of Pittsburgh, including the one called Cathedral of Learning.

The city had locked down its business district, known as the Golden Triangle, in preparation for possible clashes. Riot fences lined the sidewalks. Police helicopters, gunboats and Humvees darted to and fro. City officials announced they had up to 1,000 jail cells ready after county officials freed up additional space last week by releasing 300 people who had been arrested on minor probation violations.

Many local residents stayed away from downtown Thursday, fearing clashes.

But the intermittent conflicts that did occur were well outside the security perimeter surrounding the G-20 meetings.

Much of the afternoon involved a cat-and-mouse game in which protesters, many in all black, evaded large forces of heavily armed police officers in the streets near Liberty Avenue.

The police repeatedly announced over loud speakers that the crowd had assembled unlawfully.

“You must leave the immediate vicinity,” the voice over the loud speaker said, adding that if the protesters did not, they would be subject to arrest and would face “the use of riot control agents” and “less lethal munitions,” which police later said were soft bean bags fired at protesters. At that point, the police fired tear gas and stun grenades.

Trevor Griffith, 21, was part of the march after driving 16 hours from Pensacola, Fla., with three fellow students from the University of West Florida.

“The fact that 20 or so individuals right now are determining economic trade policies for four to five billion people just isn’t right,” Mr. Griffith said. “That’s why we’re here.”

The turbulence downtown was in sharp contrast to smaller and less confrontational rallies and parades earlier in the day.

Melanie White, 53, from Freemont, Ohio, said she was marching to bring wider attention to the conflict between the authorities and religious leaders in Myanmar. On Thursday, she joined a rally of about 100 people led by Burmese monks in saffron robes and chanting. The group went from the north side of the city over the Sixth Street Bridge, ending up in Point State Park in downtown Pittsburgh.

“It was very important to be there,” Ms. White said, adding that her group was commemorating the second anniversary of the so-called saffron revolution in Myanmar.

“I think it is important to give voice to the Burmese problem because they are not getting their own voice at the G-20,” Ms. White said.

Just blocks away, a row of vans filled with police officers escorted several cars carrying meeting attendees past a police barrier to the David L. Lawrence Convention Center, where the meeting officially began Thursday evening with a welcoming ceremony.



To: Kenneth E. Phillipps who wrote (72627)9/25/2009 12:37:35 PM
From: TideGlider4 Recommendations  Respond to of 224737
 
My adjectives weren't meant to inflame. Just descriptive. Your problem is arrogance as well. If someone points out an obvious flaw in your personality, you immediately reject it as a "Flame".

Take it to heart, accept you are a dunce, now just start improving.



To: Kenneth E. Phillipps who wrote (72627)9/25/2009 12:44:52 PM
From: jlallen1 Recommendation  Respond to of 224737
 
He obviously got your attention....



To: Kenneth E. Phillipps who wrote (72627)9/25/2009 12:55:24 PM
From: TideGlider4 Recommendations  Respond to of 224737
 
I dislike your use of the adjective term "low brow". It causes mistaken readers to assume you have some modicum of class. Your use of the term only highlights your your flawed perceptions of yourself.

Being one of the "trailer park, low brow" attorneys in the area, you haven't a real reason for thinking yourself elite. You even practice law in a dirty little town, which you pointed out has much more crime than where you live yourself.

How does it feel to be wrong nearly 80% of the time? That is a modest percentage IMO.

You always lash out at folks, yet you hide for days sometimes after embarrassing yourself. You are far too emotionally involved in this political discourse. When you stop idolizing corrupt people you may begin to see the light. Living vicariously through political bunkering has brought you to this low.

I am on your side Kenneth and I route for your enlightenment. I only hope it isn't to late.



To: Kenneth E. Phillipps who wrote (72627)9/25/2009 6:53:43 PM
From: Hope Praytochange1 Recommendation  Respond to of 224737
 
Environmentalists Seek to Wipe Out Plush Toilet Paper
Soft Toilet Paper's Hard on the Earth, But Will We Sit for the Alternative?

By David A. Fahrenthold
Washington Post Staff Writer
Thursday, September 24, 2009

ELMWOOD PARK, N.J. -- There is a battle for America's behinds.

It is a fight over toilet paper: the kind that is blanket-fluffy and getting fluffier so fast that manufacturers are running out of synonyms for "soft" (Quilted Northern Ultra Plush is the first big brand to go three-ply and three-adjective).

It's a menace, environmental groups say -- and a dark-comedy example of American excess.

The reason, they say, is that plush U.S. toilet paper is usually made by chopping down and grinding up trees that were decades or even a century old. They want Americans, like Europeans, to wipe with tissue made from recycled paper goods.

It has been slow going. Big toilet-paper makers say that they've taken steps to become more Earth-friendly but that their customers still want the soft stuff, so they're still selling it.

This summer, two of the best-known combatants in this fight signed a surprising truce, with a big tissue maker promising to do better. But the larger battle goes on -- the ultimate test of how green Americans will be when nobody's watching.

"At what price softness?" said Tim Spring, chief executive of Marcal Manufacturing, a New Jersey paper maker that is trying to persuade customers to try 100 percent recycled paper. "Should I contribute to clear-cutting and deforestation because the big [marketing] machine has told me that softness is important?"

He added: "You're not giving up the world here."

Toilet paper is far from being the biggest threat to the world's forests: together with facial tissue, it accounts for 5 percent of the U.S. forest-products industry, according to industry figures. Paper and cardboard packaging makes up 26 percent of the industry, although more than half is made from recycled products. Newspapers account for 3 percent.

But environmentalists say 5 percent is still too much.

Felling these trees removes a valuable scrubber of carbon dioxide, they say. If the trees come from "farms" in places such as Brazil, Indonesia or the southeastern United States, natural forests are being displaced. If they come from Canada's forested north -- a major source of imported wood pulp -- ecosystems valuable to bears, caribou and migratory birds are being damaged.

And, activists say, there's just the foolish idea of the thing: old trees cut down for the briefest and most undignified of ends.

"It's like the Hummer product for the paper industry," said Allen Hershkowitz, senior scientist with the Natural Resources Defense Council. "We don't need old-growth forests . . . to wipe our behinds."

The reason for this fight lies in toilet-paper engineering. Each sheet is a web of wood fibers, and fibers from old trees are longer, which produces a smoother and more supple web. Fibers made from recycled paper -- in this case magazines, newspapers or computer printouts -- are shorter. The web often is rougher.

So, when toilet paper is made for the "away from home" market, the no-choice bathrooms in restaurants, offices and schools, manufacturers use recycled fiber about 75 percent of the time.

But for the "at home" market, the paper customers buy for themselves, 5 percent at most is fully recycled. The rest is mostly or totally "virgin" fiber, taken from newly cut trees, according to the market analysis firm RISI Inc.

Big tissue makers say they've tried to make their products as green as possible, including by buying more wood pulp from forest operations certified as sustainable.

But despite environmentalists' concerns, they say customers are unwavering in their desire for the softest paper possible.

"That's a segment [of consumers] that is quite demanding of products that are soft," said James Malone, a spokesman for Georgia-Pacific. Sales figures seem to make that clear: Quilted Northern Ultra Plush, the three-ply stuff, sold 24 million packages in the past year, bringing in more than $144 million, according to the market research firm Information Resources Inc.

Last month, Greenpeace announced an agreement that it said would change this industry from the inside.

The environmental group had spent 4 1/2 years attacking Kimberly-Clark, the makers of Kleenex and Cottonelle toilet paper, for getting wood from old-growth forests in Canada. But the group said it is calling off the "Kleercut" campaign: Kimberly-Clark had agreed to make its practices greener.

By 2011, the company said, 40 percent of the fiber in all its tissue products will come from recycled paper or sustainable forests.

"We could have campaigned forever," said Lindsey Allen, a senior forest campaigner with Greenpeace. But this was enough, she said, because Kimberly-Clark's changes could alter the entire wood-pulp supply chain: "They have a policy that . . . will shift the entire way that tissue companies work."

Still, some environmental activists said that Greenpeace should have pushed for more.

"The problem is not yet getting better," said Chris Henschel, of the Canadian Parks and Wilderness Society, talking about logging in Canada's boreal forests. He said real change will come only when consumers change their habits: "It's unbelievable that this global treasure of Canadian boreal forests is being turned into toilet paper. . . . I think every reasonable person would have trouble understanding how that would be okay."

That part could be difficult, because -- in the U.S. market, at least -- soft is to toilet paper what fat is to bacon, the essence of the appeal.

Earlier this year, Consumer Reports tested toilet paper brands and found that recycled-tissue brands such as Seventh Generation and Marcal's Small Steps weren't unpleasant. But they gave their highest rating to the three-ply Quilted Northern.

"We do believe that you're going to feel a difference," said Bob Markovich, an editor at Consumer Reports.

Marcal, the maker of recycled toilet paper here in New Jersey, is trying to change that with a two-pronged sales pitch. The first is that soft is overrated.

"Strength of toilet paper is more important, for obvious reasons," said Spring, the chief executive, guiding a golf cart among the machinery that whizzes up vast stacks of old paper, whips it into a slurry, and dries it into rolls of toilet paper big enough for King Kong. He said his final product is as strong as any of the big-name brands. "If the paper breaks during your use of toilet paper, obviously, that's very, very important."

The second half of the pitch is that Marcal's toilet paper is almost as soft as the other guy's anyway.

"Handle it like you're going to take care of business," company manager Michael Bonin said, putting this reporter through a blind test of virgin vs. recycled toilet paper. Two rolls were hidden in a cardboard box: the test was to reach in without looking and wad them up, considering the "three aspects of softness," which are surface smoothness, bulky feel and "drapability," or lack of rigidity.

The reporter wadded. The officials waited. The one on the right felt slightly softer.

That was not the answer they wanted: The recycled paper was on the left.



To: Kenneth E. Phillipps who wrote (72627)9/26/2009 7:38:43 AM
From: lorne2 Recommendations  Respond to of 224737
 
Pssst..ken, want to pass this along to your idol prez.

Antarctic ice is growing, not melting away
By Greg Roberts
The Australian
April 18, 2009
news.com.au

ICE is expanding in much of Antarctica, contrary to the widespread public belief that global warming is melting the continental ice cap.

The results of ice-core drilling and sea ice monitoring indicate there is no large-scale melting of ice over most of Antarctica, although experts are concerned at ice losses on the continent's western coast.

Antarctica has 90 per cent of the Earth's ice and 80 per cent of its fresh water, The Australian reports. Extensive melting of Antarctic ice sheets would be required to raise sea levels substantially, and ice is melting in parts of west Antarctica. The destabilisation of the Wilkins ice shelf generated international headlines this month.

However, the picture is very different in east Antarctica, which includes the territory claimed by Australia.

East Antarctica is four times the size of west Antarctica and parts of it are cooling. The Scientific Committee on Antarctic Research report prepared for last week's meeting of Antarctic Treaty nations in Washington noted the South Pole had shown "significant cooling in recent decades".

Australian Antarctic Division glaciology program head Ian Allison said sea ice losses in west Antarctica over the past 30 years had been more than offset by increases in the Ross Sea region, just one sector of east Antarctica.

"Sea ice conditions have remained stable in Antarctica generally," Dr Allison said.

The melting of sea ice - fast ice and pack ice - does not cause sea levels to rise because the ice is in the water. Sea levels may rise with losses from freshwater ice sheets on the polar caps. In Antarctica, these losses are in the form of icebergs calved from ice shelves formed by glacial movements on the mainland.

Last week, federal Environment Minister Peter Garrett said experts predicted sea level rises of up to 6m from Antarctic melting by 2100, but the worst case scenario foreshadowed by the SCAR report was a 1.25m rise.

Mr Garrett insisted global warming was causing ice losses throughout Antarctica. "I don't think there's any doubt it is contributing to what we've seen both on the Wilkins shelf and more generally in Antarctica," he said.

Dr Allison said there was not any evidence of significant change in the mass of ice shelves in east Antarctica nor any indication that its ice cap was melting. "The only significant calvings in Antarctica have been in the west," he said. And he cautioned that calvings of the magnitude seen recently in west Antarctica might not be unusual.

"Ice shelves in general have episodic carvings and there can be large icebergs breaking off - I'm talking 100km or 200km long - every 10 or 20 or 50 years."

Ice core drilling in the fast ice off Australia's Davis Station in East Antarctica by the Antarctic Climate and Ecosystems Co-Operative Research Centre shows that last year, the ice had a maximum thickness of 1.89m, its densest in 10 years. The average thickness of the ice at Davis since the 1950s is 1.67m.

A paper to be published soon by the British Antarctic Survey in the journal Geophysical Research Letters is expected to confirm that over the past 30 years, the area of sea ice around the continent has expanded.