Monthly Archives: October 2014

Idaho Town Struggles After Chinese Factory Fails [2013]

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“With great fanfare, a Chinese polysilicon factory broke ground on 67 acres here in 2007. So what if the company wanted breaks and concessions? The decision by the city to buy the land and lease it back almost free seemed like a bargain at $1.4 million, given the potential payoff. Now, 18 months after shutting completely, the factory, which was to produce materials used in solar panels, stands ghostly and silent. It never went into full operation, and in the global collapse of silica prices, it probably never will, solar industry experts said. Wooden crates of equipment, some never opened, sit stacked where they were left, like time capsules from a lost world.”

http://www.nytimes.com/2013/11/06/us/idaho-town-struggles-after-pinning-hopes-on-failed-factory.html?_r=1&

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Can Free Zones in the Middle of the Jungle Save the Developing World?

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“Honduras is one of the poorest countries in Latin America. It has the highest murder rate in the world by double. It’s a place ravaged by the illegal drug trade and political instability. As recently as 2009 the military ousted a president pushing to modify the constitution in order to extend his own term. It may seem like the last place on earth where businesses would want to invest, or where people would want to move.   But there’s a new idea about to be tried in Honduras.  Some call it a Startup City or Free City, others a LEAP Zone, and in Honduran law it’s known as a ZEDE. They are politically autonomous, privately run zones that supporters believe could transform the entire developing world.”

http://reason.com/blog/2014/08/21/can-free-zones-in-the-middle-of-the-jung

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Forget Alibaba: China’s Growth Story No One’s Talking About

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“U.S. security officials are often unaware of breaches as they occur; and sometimes only detect the hacking weeks, months or even years later… if ever.  In general, TRANSCOM contractors must report cyberattacks to DOD, per a standard clause in all vendor contracts. But according to the SASC report, many contractors are unsure about what cyberintrusions to report, and to whom. That is, each contractor could have a separate ‘stove pipe’ reporting chain, with different rules about who gets a report, and under what circumstances. As U.S. contractors get hacked, it’s becoming crystal clear that the Chinese military is highly proficient and professional in its approach to cyberintrusion.”

http://dailyreckoning.com/forget-alibaba-chinas-growth-story-no-ones-talking-about/

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John Hussman: Air-Pockets, Free-Falls, and Crashes

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“Every 3-month period of additional zero-interest rate policy promised by the Fed is worth about a 1% premium over historical valuation norms. Another year would be worth a premium about 4%. But with the market more than double historical norms on reliable measures, the Fed would have to promise a quarter of a century of zero interest rate policy before current stock valuations would reflect a ‘reasonable’ response to interest rates. Stocks are not elevated because low interest rates ‘justify’ these prices, but because the risk premium for holding stocks has been driven to zero. We presently estimate negative total returns for the S&P 500 on every horizon shorter than 8 years.”

http://www.hussmanfunds.com/wmc/wmc141013.htm

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Bill Bonner: His New Book, ‘Hormegeddon’ and Other Insights

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“Some time in the next few months the authorities get a wake-up call. They are tapering off QE. This reduces the amount of excess liquidity driving up stocks. It is bound to increase volatility, too. It wouldn’t be too much of a surprise to see the Dow down 1,000 points in a day – or more. Then, Janet Yellen will panic, and it will be back to QE, and perhaps more. There have been several hints that the Fed and other central banks may be willing to go to direct money printing – something like dropping money from helicopters – as the next stage. When that comes it could mean fantastic increases in stocks – and who knows what else.”

http://www.thedailybell.com/exclusive-interviews/35718/Anthony-Wile-Bill-Bonner-His-New-Book-Hormegeddon-and-Other-Insights/

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U.S. DEA ‘most interested’ in U.S. investors in Canadian marijuana firms

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“With marijuana still illegal on a federal level in the United States, American investors in Canadian medical marijuana can be seen as violating the Controlled Substances Act, according to some U.S experts. And the use of the banking system to transfer the proceeds of such investments could be seen as money laundering.  The U.S. Drug Enforcement Administration has already been tracking investments made in state-sanctioned marijuana business in the United States. When asked by Reuters about the DEA’s view of U.S. investments in Canadian marijuana, DEA spokesman Rusty Payne said the agency is ‘most interested in those types of activities.'”

http://finance.yahoo.com/news/exclusive-u-dea-most-interested-110809730.html

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Pressure to legalise marijuana after Australian boy denied treatment

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“The parents of a three-year-old boy and a Melbourne hospital clashed after doctors stopped administering cannabis oil to the child because of concerns about legal ramifications.  They turned to cannabis oil to treat their son Cooper’s seizures about a year ago, after doctors told them they had no way of stopping them. They said it had been highly effective.  But after at first helping to administer the drug, the ABC said, hospital staff warned [the parents] that if they continued to give Cooper the oil, police would be informed.  [The parents] had their house raided in July after telling Channel Seven’s Sunday Night program about using marijuana oil on Cooper.”

http://www.theguardian.com/australia-news/2014/oct/06/pressure-builds-to-legalise-medical-marijuana-after-boy-denied-treatment

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Infant recovers from brain tumor after treatment with cannabis oil

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“Instead of opting for chemotherapy and radiation in an attempt to shrink an inoperable brain tumor, the father of an eight-month-old baby pushed for alternative treatment with cannabis oil. The baby’s physician, Dr. William Courtney, was initially skeptical early in his career about cannabis as medicine but has since seen such impressive results that he’s now a staunch advocate for its use.  ‘They were putting cannabinoid oil on the baby’s pacifier twice a day, increasing the dose… And within two months there was a dramatic reduction, enough that the pediatric oncologist allowed them to go ahead with not pursuing traditional therapy,’ said Dr. Courtney in an interview with The Huffington Post.”

http://www.naturalnews.com/046994_cannabis_cancerous_tumors_miracle_baby.html

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The Virtual Interview: Edward Snowden

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“The New Yorker Festival presents Edward Snowden in conversation with Jane Mayer.”

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It’s time to destroy the U.S. smallpox reserves [2011]

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“Smallpox isn’t completely gone. That’s because two large government laboratories, one in the U.S. and one in Russia, insist on maintaining stocks of the smallpox virus (called variola). In the U.S., the smallpox virus is kept at the Centers for Disease Control in Atlanta. In Russia, it’s at the Vector lab in Siberia.  Why keep this incredibly deadly virus around? The scientists at the CDC and in Russia give the same answer: more research is needed to develop better vaccines, to protect us from a bioterrorism attack. They’ve been making this argument for 30 years now, but they are wrong. The only thing they need to do is to destroy their stocks of smallpox, and wipe out this virus once and for all.”

http://www.forbes.com/sites/sciencebiz/2011/03/13/its-time-to-destroy-the-u-s-smallpox-reserves/

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