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MARGOT’S TOP NEWS PICKS OF THE WEEK

HOT GLOBAL ISSUES


So far, just a headline at the Wall Street Journal: ‘BP Suffers Setback in Installing Containment Dome’
Hydrate build–up stalled placement of the containment dome over gushing oil. The BP executive of the dome said, ‘I would say it has failed’.
 
Plunge in US equities remains a mystery ~ After $1,000bn was briefly wiped off the market value of US equities, traders were still to understand what caused US shares plunge and then rebound mysteriously in a matter of minutes. The conventional wisdom held that an incorrectly typed sell order – one that confused ‘billions’ for – –
 
 
Gulf oil spill spreads west toward Texas
 

BP Plc engineers desperately explored options on Sunday to control oil gushing from a ruptured well deep under the Gulf of Mexico after a setback with a huge undersea containment dome fueled fears of a prolonged and growing environmental disaster..

 

The Cover–up: BP’s Crude Politics And The Looming Environmental Mega–Disaster
 
Uprising In Greece As Rage Against ‘Austerity’ Flames, Fin Reform Compromises
       WORLD NEWS

Top Stories

 
France and Germany, while publicly urging Greece to make harsh public spending cuts, bullied its government to confirm billions of euros in arms deals, a leading Euro–MP alleged Friday.
 

BP’s Oil Disaster: The Numbers Will Shock You

At best 20% of the oil spill may be recoverable. Though we don’t yet know the full extent of the disaster, one thing is for sure: regulatory failures paved the way.

 

 
Severe Weather Kill 23 in Central China Severe wind and rain in central China killed at least 23 people and injured 161 others early Thursday morning, the state–run Xinhua news agency reported.
 
 
 
 

Middle East/Asia

 

 
Is China’s Recovery a Fraud?
Combined with a real estate collapse, the Chinese miracle will reveal itself to be another debt–induced fraud. This will be another step towards the Greater Depression. The investment implications are that worldwide stock markets are likely to retest their 2009 lows by the end of 2010.
 

 

 Canada

 

New Brunswick news

 Americas

 
 

Chavez to join TWITTER…
…accuses US plane of ‘electronic warfare’…

Africa

 
Hundreds of Somali soldiers trained in a US–funded programme deserted the fragile government to join the Al–Qaida–inspired militants they are supposed to be fighting because of non payment.
 
Markets/Economics
The ‘fat finger’ that supposedly triggered a scary U.S. market selloff on Thursday is likely just a myth.
 
 
Expect Nothing: Why We Need a New Approach to the Chaos in Europe After months of denial, the European policy elite finally begins to understand that something is seriously wrong in the eurozone. This isn’t a ‘Greek problem’.
 
Natural phenomena have laid bare the fact that the networks that power our economy are both fragile and really expensive to duplicate.

Business
KBR Inc. was selected for a no-bid contract worth as much as $568 million through 2011 for military support services in Iraq, the Army said.
 

 

Tech

 

; It’s Time for an Open Alternative

 

Link repaired:
After years of secrecy, the eighth round of talks aimed at drafting an international treaty called the Anti–Counterfeiting Trade Agreement (ACTA) recently concluded in New Zealand – and in the face of public pressure, a version of the text was subsequently made available to the public.



U.S.

 

Americans seeking reward money are turning in neighbors, clients and employers they suspect of cheating on taxes to the IRS at a rate of nearly eight per day, the director of the agency’s whistleblower program said.

The number of Tasers in the hands of police have grown to 375,000 worldwide,
and the blowback –from
to a reported 300 deaths – has been significant.

Science/Environment

 
 
A 2003 file photo of former Cuban President Fidel Castro.
Says Oil Disaster Proves Governments Are Too Weak to Prevent Large Companies From Controlling Our Destiny;
 

Early Misdiagnosed Stem Canker Poses Risk for Soybean Growers
Stem canker caused by a fungus, can severely create losses in soybean crop yield. Midwestern and north central regions of the United States and Ontario, Canada were plagued by the northern fungus in the late 1940s and early 1950s that was eradicated. Southern stem canker arose in the 1970s and continues to be a significant problem. The northern fungus now appears to have returned.

 

Bloomberg has a somewhat confusing article about the newest complaint about wind power, but the gist of it is that wind power is an issue for the industry because it brings their revenues down

 

Health

 

 
 

Researchers Discover New Genetic Candidates for Irritable Bowel Syndrome
Most people associate serotonin with brain neurology, but over 95 percent of the body’s serotonin occurs in the gastrointestinal tract, which has a complex neuronal circuit that has been called ‘the second brain’ of the body.

 

Stool DNA Testing Could Play Expanded Role in Colon Cancer Prevention
Research teams led by Mayo Clinic have demonstrated for the first time that two types of colorectal pre–cancers can be detected through noninvasive stool DNA testing.

 

High Doses of Antioxidant Supplements Induce Stem Cell Genetic Abnormalities, Potentially Leading to Cellular Changes Predisposing to Cancer Formation
High doses of antioxidant nutritional supplements, such as vitamins C and E, can increase genetic abnormalities in cells, which may predispose supplement–takers to developing cancer, according to a new study from the Cedars–Sinai Heart Institute.
More Health News
 
 
 
Op–Ed
–the story of terrorism as Jesus Christ, James Bonds, and Osama bin Ladin would tell it –
 
Yesterday, Friday May 7, we met a few media crews in Biloxi Mississippi. We got on a boat with one of the crews and headed out into the waters of the Gulf. Rumor has it, and there are lots of rumors, this disaster of a spill is moving but the million dollar question is where is it moving and where/when will it hit the coast. They may be closing another area to fishing to the West of the mouth of the Mississippi so the oil must be going there? Pods of journalists are spread out along the shores looking for the picture they want. One journalist commented the lack of visible oil is good for the environment not good for pictures.
 
 
 

The military’s sad legacy of denying the care troops need after combat.


En Passant

 

 

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VIDEOS

 

 
 
As ash from Iceland’s Eyjafjallajokull volcano  continued to keep European airspace shut down over the weekend, affecting millions of travelers around the world, some government agencies and airlines clashed over the flight bans. Some restricted airspace is now beginning to open up and some limited flights are being allowed now as airlines are pushing for the ability to judge safety conditions for themselves. The volcano continues to rumble and hurl ash skyward, if at a slightly diminished rate now, as the dispersing ash plume has dropped closer to the ground, and the World Health Organization has issued a health warning to Europeans with respiratory conditions. Collected here are some images from Iceland over the past few days. (35 photos total)
 
 

Cow Stuck on Roof After TN Flood

 

Brutal New York

 

 
 
 
 

NEWSWEEK Cover

 

LETTERS/INTERVIEWS

 

Tea Partying Through History ~ from TomDispatch: Fraser and Freeman.
A strikingly overlooked aspect of the coverage of the Tea Party movement -- a must-read account of how Americans have Tea Partied through history and how such Tea Parties have changed politically from 1773 to late last night – – Steve Fraser and Joshua Freeman, ‘History’s Mad Hatters, The Strange Career of Tea Party Populism’
NEWSEUM�Emirates Property Partners.
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