Archive - Jun 2008

(quote)

Intercontinental Exchange is cooperating with regulators in their efforts to restrict oil trading, but the Atlanta-based company insists that speculation is not the reason for soaring prices.

The company, commonly known as ICE, operates a number of commodities trading exchanges, including a major oil futures exchange based in London.

They also made it clear they don't believe that's happening. "There is no evidence that regulators or researchers have found demonstrating that excessive speculation is driving crude oil prices," said Sarah Stashak, an ICE spokeswoman.

The cost of a barrel of crude oil has edged closer to its all-time high after OPEC president Chakib Khelil warned that oil prices “will not come down”. Ahead of a meeting with EU officials in Brussels today, he said that the cartel had done all it could to ease prices.  read more »

(quote)

The world's thirst for oil is growing so quickly humanity will consume more of it this decade than over the previous hundred years. Production can't possibly keep up. And the consequences will be dire. "This surge of demand will soon begin to send shock waves through the American economy and transportation system," wrote one expert. The American interior secretary agreed.

A massive oil shortage was coming in the 1980s. Everyone knew that. But before the predicted crisis could arrive, the world was hit with one that wasn't predicted: The Iranian revolution of 1979 turned a major American ally into a major American enemy. Oil prices soared. Economies slipped into recession.

Experts were certain the age of scarcity had arrived ahead of schedule. "The cardinal issue is how vicious the struggle for energy supplies will become," the head of the CIA told a Senate committee. In the summer of 1980, the journal Foreign Affairs captured the dismal mood in an article headlined "Oil and the Decline of the West."

Then a funny thing happened. The price of oil stopped rising. Instead, it fell. And fell some more. High prices had encouraged oil companies to explore like never before and producers to open their spigots. Supply gushed onto the market.

In 1985, the price of oil collapsed.

(unquote)  read more »

(quote)

George Carlin, an extraordinary standup comedian whose dark social satire won him multigenerational popularity and a starring role in the most famous broadcast obscenity case of modern times, died Sunday of heart failure in Los Angeles. He was 71.

Late last week the Kennedy Center announced he would receive its annual Mark Twain prize for American humor this November. The TV network Comedy Central in 2004 named him the second best standup comedian of all time, behind Richard Pryor.

Carlin became one of the most popular standup comedians in America in the 1960s and early 1970s through programs like "The Ed Sullivan Show." Carlin was one of the first comedians to dress "naturally" for a standup routine, in jeans and a beard, and his most famous routine became "Seven Words You Can Never Say On Television."

"He was a genius, and I will miss him dearly," Jack Burns, who was the other half of a comedy duo with Carlin in the early 1960s, told The Associated Press. "He had an amazing mind, and his humor was brave and always challenging us to look at ourselves and question our belief systems, while being incredibly entertaining. He was one of the greats," Ben Stiller said.

The comedian, who toured college campuses for years and made a name for himself delivering biting social commentaries, had released 22 solo albums and three best-selling books, including "Brain Droppings," a collection of essays and routines, and "Napalm and Silly Putty," a collection of his stand-up material. Both won Grammy awards. His third book, "When Will Jesus Bring the Pork Chops?" was nominated for a Grammy. He earned several gold comedy albums and five Emmy nominations.

Carlin first appeared on radio in 1956 at age 19, while serving in the Air Force. He took a number of TV and movie roles over the years, introducing himself to a new generation of fans with the "Bill and Ted's Excellent Adventure" series and an even newer generation with children's shows like "Thomas the Tank Engine." He did voiceovers in films that included "Cars" and in 1993 he got his own sitcom on Fox, "The George Carlin Show." He played George O'Grady, a New York cab driver, and the show ran 27 episodes. In the 1990s he appeared in the Barbra Streisand- Nick Nolte movie "Prince of Tides." Other film roles came in "Bill and Ted's Excellent Adventure" and "Dogma," with Matt Damon and Ben Affleck. He was the first host of "Saturday Night Live" and appeared some 130 times on "The Tonight Show."

The death of his wife of more than 30 years, Brenda Hosbrook Carlin, on Mother's Day 1997 was particularly hard for Carlin. "See ya Dink," he wrote on his Web site. "Miss you a lot."

Last year, Carlin released "George Carlin: All My Stuff," a 14-DVD collection of his HBO specials from 1977 to 2005. He had shown no signs of slowing down. Just last week, the John F. Kennedy Center for the Performing Arts announced Carlin would be awarded the 11th annual Mark Twain Prize for American Humor. The center is scheduled to honor Carlin at a tribute performance by former colleagues on Nov. 10, which will be broadcast later on PBS.

(unquote)

Photos courtesy of LA Times, The Money Times, Reuters/Mario Anzuoni, Lisa Falzon, Galella/WireImage

Original Source: NY Daily News and LA Times

Image Gallery: George Carlin 1937-2008

(quote)

The announcement by NASA of the discovery of water ice on Mars by its Phoenix Lander probe made big news everywhere. The discovery involved the observation of water ice sublimating into the air - that is, the water went from solid to vapor state without reaching the liquid stage. The Martian atmosphere has perfect conditions for sublimation - extremely thin, dry and cold. How cold? Well, you can check the Live Martian Weather Report, with data from a station on board the Phoenix Lander.

What more do we know about Mars' atmosphere? It's hundreds of times thinner than Earth's atmosphere and is made of 95% carbon dioxide, 3% nitrogen, 1.6% argon, and contains traces of oxygen, water, and methane. We also know, from observations that it can support dust storms, dust devils, clouds and gusty winds. With an amazing number of six current live probes exploring Mars (two rovers, a lander, and three orbiters), there are many thousands of images available. Only a few, however show atmospheric phenomena. Presented here are some of the best images of Martian atmosphere (and beyond) in action.  read more »

(quote)

Recently, our 19-year-old daughter started hunting for her first real job. She spent an afternoon filling out application forms, leaving them on the kitchen table to finish later. As I walked by, a section of the application on top jumped out at me. Under “Previous Employment” she wrote, “Baby Sitting.” In answer to “Reason for Leaving,” she replied, “Parents came home.”

***

A rabbi, a priest, and a minister walk into a bar. The bartender looks up and says, “Is this some kind of joke?”

***

A guy shows up late for work. The boss yells, "You should've been here at 8:30!"
The guy replies, "Why? What happened at 8:30?"

(unquote)

Original Source: Reader’s Digest

(quote)

WASHINGTON (Reuters) - Google and Yahoo face intense U.S. Justice Department scrutiny of their deal to share some advertising revenue, and the heat will likely increase under a new administration, antitrust experts said. Google, with more than 60 percent of the Web search market, and Yahoo, with 16.6 percent, announced a deal last week that would allow Yahoo to place Google ads on its site and collect the revenue. The firms said Yahoo's cash flow could grow by $250 million to $450 million (127 million to 229 million pounds) in the first year under the deal, which Yahoo sought as an alternative to software giant Microsoft's $47.5 billion buyout offer.

Yahoo and Google describe the deal as very limited. "These are still independent companies who will continue to compete aggressively," said Yahoo lawyer Hewitt Pate of law firm Hunton and Williams. But the deal has raised eyebrows among antitrust lawyers. Bruce McDonald, a Jones Day antitrust attorney and former deputy assistant attorney general, pointed out that the arrangement could lessen Yahoo's incentive to compete vigorously against Google because Yahoo would collect revenue no matter which company placed an advertisement.

 read more »

“Ideals of candor, transparency and integrity,” ... should outweigh “loyalty to an individual officeholder.” - Scott McClellan

(quote)

WASHINGTON — Scott McClellan, President Bush’s former press secretary, told the House Judiciary Committee on Friday that he had been unfairly vilified by Bush supporters for his recent book criticizing former White House colleagues over the Iraq war and their involvement in leaking the identity of an intelligence officer. Mr. McClellan, however, offered little new information in his testimony on those issues beyond what he wrote in the book, “” (PublicAffairs), which was published in May and last week topped the nonfiction best-seller list in The New York Times.

In the book, Mr. McClellan says senior White House officials misled the nation about the reasons for invading Iraq and maneuvered him into lying to the public about their roles in the leak case. The book, with Mr. McClellan’s lacerating criticism of his former colleagues, has generated a rich discussion about the obligations of political loyalty, and his appearance Friday on Capitol Hill provided another stage for that debate. The man who once regularly and seemingly by rote defended Mr. Bush in the White House press room was attacked by the committee’s ranking Republican, Representative Lamar Smith of Texas, who grilled Mr. McClellan as ferociously as any reporter had in his three years as press secretary. Committee Democrats, on the other hand, were much gentler, treating Mr. McClellan as if he were an author promoting a book in an interview.  read more »