Monday, December 7, 2009
Japan's Stimulus Package
After enduring its worst recession since World War II, Japan’s economy grew for the second straight quarter in the July-September period, expanding at an annualized pace of 4.8 percent. It was the strongest growth in more than two years thanks to previous stimulus measures and improvement in global demand...We aren't the only ones pumping billions of dollars into our economy. This serves as a little reminder that the economic downturn has been felt all around the world. However, this also shows that hopefully the global economy is recovering.
The package includes measures to bolster employment, extend consumer incentives to buy eco-friendly products and provide support for small and medium-size firms hurt by the strong yen.
Healthcare Alternative
Democratic lawmakers are looking into a way to allow the government to contract a commercial insurer to give benefits to Americans who do not receive benefits through their work. The plan would also include and expansion of medicare that would allow more people access to the program. An article about the alternative plan from the Baltimore Sun reads;
The idea is that with federal oversight on behalf of consumers, the new plan would be more responsive to the needs of beneficiaries than are the private plans that would be offered by competing insurance companies.It is obvious that our healthcare system needs reform so that more Americans can afford healthcare. That is why it is important for the government to create more options for Americans and to make it easier for Americans to get healthcare benefits. Hopefully Washington will be able to find a solution that works for everyone with this alternative.
At the same time, lawmakers are looking into how to allow Americans between 55 and 64 to buy into the Medicare program, which now primarily serves people 65 or older.
The Medicare expansion has long been a top priority of groups such as the AARP, and it has the backing of many liberal lawmakers, who see it as an extension of the federal government's most powerful existing public plan.
America's Debt Problem
In an article written at the end of last month by Republican John Boehner, he talks about how Washington is handling America's rapidly growing debt. He says that the trillion dollar stimulus that was supposed to create jobs just produced examples of wasteful spending by the government. He expresses his opinion;
The federal government is currently operating on a budget that doubles the national debt in the next five years and triples it in the next 10.
By the time the next decade is out, interest payments to sustain the national debt will exceed $700 billion. That is more than what our nation will spend this year on education, energy, homeland security and the wars in Iraq and Afghanistan – combined.
Out-of-control spending has been a problem for years in Washington, but instead of hitting the brakes on spending as they promised they would, President Obama and Washington Democrats have stepped on the accelerator. Now, instead of working with Republicans to impose real fiscal discipline, Washington Democrats believe the answer is more of the same unsustainable spending and borrowing. Our kids and grandkids should not have to foot the bill because out-of-touch Washington Democrats will not make the same tough choices required of every family struggling to make ends meet.
I believe that his analysis of the situation is a little biased, but he is right in a couple ways. The government will not be able to continue pumping as much money as they are currently into the economy, although it can be argued that it is completely necessary. The fact that he brought up about the future interest payments is alarming and shows that the government is going to have to find a way to cut down the debt or keep it from continuing to grow in the next few years.
Skepticism on Global Warming
A CNN survey released on Monday found that two thirds of all Americans believe in global warming, which is down eight percent since June of last year. The survey also found that the decline in support for global warming is a result from decreasing belief among republicans. In the article, Keating Holland, the CNN polling director suggested that,
The growing skepticism among Republicans, with no matching shift among Democrats, suggests that the changes measured in this poll may be a reaction to having a Democrat in the White House rather than a shift in underlying attitudes toward global warming.He believes that the growing skepticism among republicans over global warming is not a result of growing disbelief in the theory, but attributed it to there being a Democatric president, indicated by the shift only observed in the republican party.
Wednesday, November 11, 2009
Bomb Material Uncovered
With a typical homemade bomb weighing no more than 60 pounds, the seizure of that much fertilizer — more than 10 tractor-trailer loads — removed potentially thousands of bombs from the streets and trails of southern Afghanistan...The use of homemade bombs has been sky rocketing. Last year, 4,100 bombs either exploded or were discovered beforehand in Afghanistan. So far this year, 6,500 bombs either have been found or have gone off.The removal of this many potential bombs is a big success and has potentially saved the lives of countless soldiers and civilians. Hopefully this will help put a damper on the number of bomb attacks in Afganistan on American and NATO troops.
Twenty Years Later
The anniversary has provided Germans and people around the once-divided continent with an opportunity to reflect upon the successful reunification of Germany and the once-unthinkable integration of countries from the former Warsaw Pact into NATO and the European Union.The fall of the wall was a very important event that not only affected Germany, but the rest of Europe and the world. The fall of the Berlin wall will always be remembered and this celebration of its fall helps many remember the close of the Cold War.
North and South Korean Navies Face Off
North Korean and South Korean Navy ships fired at each other off the west coast of the Koreas, resulting in the death of one North Korean Sailor. The exchange of fire was caused by a crossing of the Northern Limit Line, which is a boarder set by the U.N., by a North Korean naval vessel according to South Korean officials. A New York Times article suggests that
North Korea may have intended for the clash to highlight its longstanding argument that the war between the Koreas from 1950-53 never officially ended and that the United States must negotiate a peace treaty if it wants North Korea to give up its nuclear weapons program, according to analysts in Seoul.The tensions that exist between North and South Korea put a lot of strain on the two countries and also the countries surrounding them. An confrontation such as this one is frightening considering what North Korea is doing and how the country has a nuclear weapons program.
Tuesday, November 10, 2009
D.C. Sniper Executed
The random shootings terrified many people in and around the U.S. capital a year after the hijacked airliner attack on the Pentagon on September 11, 2001, and the mailing of deadly anthrax-laced letters to politicians and media organizations.There were a few who showed up to protest the execution, but it was carried out anyways. I think that the death penalty was an appropriate punishment for a crime of this size or magnitude. Although i do not believe that the death penalty is a good form of punishment, it was befitting of this particular crime where the lives of 10 random people were taken for no apparent reason.The pair shot innocent people who were going about the ordinary tasks of daily life in places like gas stations, shopping mall parking lots and outside restaurants and schools.
Thursday, October 29, 2009
Oil Companies See Drops in Profits
Oil companies are reporting low earnings for the third quarter. The recession has left its mark on the demand for oil as people work to cut down on oil consumption. This lack of demand makes the price of energy such as oil lower and puts pressure on the oil companies. An article from the Washington Post reads:
The future of the oil companies is looking a little shaky and uncertain right now because of the lack of demand for oil right now as a result of the current economic conditions.The world's biggest oil companies are reporting sharp declines in quarterly profit as the recession continues to weigh on consumer demand, driving down energy prices.
Exxon Mobile, the world's largest oil company by market value, said Thursday that its third-quarter profit slumped 68 percent, to $4.73 billion (98 cents per share). That's down from $14.8 billion ($2.85), in the same July-September period a year ago, the most lucrative quarter ever for the oil industry, when crude oil prices neared $150 a barrel.
Royal Dutch Shell, meanwhile, said Thursday that its third-quarter profit fell 62 percent, to $3.25 billion, while sales tumbled 43 percent. Shell, Europe's biggest oil company, said it would cut 5,000 jobs and that 15,000 employees must reapply for employment.
Economy Growth Causes Stocks to Rise
The U.S. economy grew 3.5% in the third quarter, which was much higher than predicted or expected. This was the first time that the economy has grown in a year. As soon as this news spread, the stock prices rose sharply. Javier C. Hernandez of The New York Times writes that,
By the time the markets closed, all the major averages had ridden the wave. The Dow Jones industrial average rose 199.89, or 2.05 percent, to end at 9,962.58. The Standard and Poor’s 500-stock index went up 23.48, or 2.25 percent, to 1,066.11. And the Nasdaq composite index, which is heavy with technology stocks, finished 37.94 higher, or 1.84 percent, closing at 2,097.55.Hopefully this is a sign that the U.S. economy is recovering and his headed toward a future of further growth rather than contraction.
Wednesday, October 28, 2009
California Looking at Effects of Leagalizing Marijuana
Law makers for the state of California are reviewing the effects of the bill that would legalize marijuana and allow taxing of it in the U.S. It is estimated that the taxing of marijuana could bring the state around 1.4 billion per year. Jim Quinn, a production manager was quoted in a times article saying,
“Personally I don’t see a way of getting it under control other than legalizing it and taxing it...We’ve got to get it out of the hands of criminals both domestic and international.”This presents an interesting aspect of the legalization of marijuana and how it will affect the international drug trafficking which cause been a major source of violence in the U.S. and neighboring countries, namely Mexico.
Tuesday, October 27, 2009
Bay Bridge Closed
The Bay Bridge, the busiest bridge in the bay area, has been closed due to pieces of a repair that was made earlier snapped off and hit the deck of the bridge. An article from the Chronicle says,
This will be a major hassle for commuters, but very good for BART ridership. Bart is preparing for the increase in the numbers of riders by operating all of their trains.
Caltrans officials ordered the closure of the bridge in both directions shortly after 7 p.m. and said they could not estimate when the bridge would reopen.
The pieces that snapped were two high-strength steel rods and a cross beam from a steel saddle, said Tony Anziano, Caltrans toll bridge program manager. Those parts were installed over Labor Day weekend during an repair job that delayed the reopening of the bridge following scheduled work.
Sunday, October 25, 2009
350 Global Warming Protests
Campaigners against global warming organized over 4,300 protests across the globe. The protests were synchronized to happen at the same time and were focused around the number 350.
The organizers wanted to show that it was urgent that we need to do something about our emission since we passed the 350 parts per million mark long ago. It is amazing that they were able to organize something this big across the globe.For some prominent climate scientists, that is the upper limit for heat-trapping carbon dioxide in the atmosphere, measured in parts per million. If the gas concentration exceeds that for long, they warn, the world can expect decades of disrupted climate patterns, rising sea levels, drought and famine. The current concentration is 387 parts per million.
Monday, October 19, 2009
Biofuels Getting a Boost from Oil Companies
Many if the larger oil companies are now choosing to invest in biofuels. Low-carbon policies that are beginning to be adopted around the world are pushing the big oil companies to spend money on alternative fuels. Guy Chazan from The Wall Street Journal writes,
...The Renewable Fuels Standard mandates growth in annual sales of biofuels through 2022. The Department of Energy expects U.S. production of biofuels to increase from less than half a million barrels a day in 2007 to 2.3 million barrels a day in 2030. Inevitably, that will erode the oil majors' conventional business.This is one of the main reasons that the big oil companies have started to gain interest in the biofuels section of the energy market because they know that they will have to start making progress with biofuels in order to survive later. These technologies will hopefully be used in the near future to power our cars and provide electricity for our homes, helping us reduce our thirst for oil.
White House Attacking Fox News
The White House is urging news networks to alienate Fox News, saying that Fox is "A Republican Party mouthpiece" and that they are "opinion journalism masquerading as news".
In a Fox news article Fox News senior vice president Michael Clemente responded, saying:
"Surprisingly, the White House continues to declare war on a news organization instead of focusing on the critical issues that Americans are concerned about like jobs, health care and two wars. The door remains open and we welcome a discussion about the facts behind the issues."
Micheal Clemente has a great point: Why would the Obama Administration concentrate on and concern themselves with something so petty and small when there are a mess of other, much more important, tissues that need to be delt with?
Rise In Medicare Premiums
The basic Medicare premium will increase by 15% next year. This would be the first time that monthly premiums would be over $100. Kathleen Sebelius, the secretary of health and human services, said in a Times Article:
“We are in tremendously difficult economic times, and seniors are being hit particularly hard...The last thing seniors need right now is a substantial increase in their Medicare premiums, and many seniors will see such an increase if no action is taken.”However, only about 27% of those covered by medicare will have to pay this new higher premium because the remaining percent of people are legally protected from seeing their monthly premiums increase. These increasing costs of medical costs are just another indication that something has to done with our current healthcare system.
Declining Dollar Helps Exports
...A weak dollar could prove beneficial to the American economy by aiding long-suffering manufacturers, rebuilding a stronger industrial base and lifting exports even if it makes life harder for trading partners around the world, especially in Europe.One point was that while it helps exports for the US, the decline in the value of the dollar hurts countries like Europe. Jens Nagel, head of the international department of the German Exporters Association in Berlin says that "The strength of the euro is coming at absolutely the wrong time".
This has had the opposite effect on imports however, because it drives up the prices of imported foreign goods. While the decline in the dollar has helped some aspects of the economy, it still has a large negative impact.
Wednesday, October 14, 2009
Hadron Collider Sabotaging Itself?
An essay written by Dennis Overbye explains that possibly
...The troubled collider is being sabotaged by its own future. A pair of otherwise distinguished physicists have suggested that the hypothesized Higgs boson, which physicists hope to produce with the collider, might be so abhorrent to nature that its creation would ripple backward through time and stop the collider before it could make one, like a time traveler who goes back in time to kill his grandfather.It seems bizarre, but entertainingly makes sense in a way. Maybe this "doomsday device" is being sabotaged by the future...or we are just running into a bunch of bad luck.
Thursday, October 8, 2009
Alcoa Profits, Wall St. Gains
Stocks unexpectedly rose today with a surprise profit from Alcoa, gaining 1.1 percent. Jim Awad, managing director at Zephy Management in New York said, "You had more positive economic news, and Alcoa numbers were better than expected on both revenue and net income. So that lends credibility to the bulls' thesis that the economy is gaining momentum". This positive news is reinforced by stronger U.S. retail stores' sales and my be a sign that our economy may be on the beginning or just about to begin on the road to economic recovery.
Hate Crimes Redefined
The definition of a hate crime was expanded to include those committed because of a victim's sexual orientation, which would give gay, lesbian and transgender people protection under it.
The altering of this definition was met by opposition from the republican side. John Boehner, the house republican leader said, "The idea that we’re going to pass a law that’s going to add further charges to someone based on what they may have been thinking, I think is wrong". Republicans are also unhappy that the measure included a $681 billion military policy bill. It is important that the definition of a hate crime is expanded to protect gays and lesbians, but is it fair to ensure that it passes by attaching a military policy bill to it.Under current federal law, hate crimes that fall under federal jurisdiction are defined as those motivated by the victim’s race, color, religion or national origin.
The new measure would broaden the definition to include those committed because of gender, sexual orientation, gender identity or disability. It was approved by the House right before a weekend when gay rights will be a focus in Washington, with a march to the Capitol and a speech by President Obama to the Human Rights Campaign.
Is Singapore Buying Babies?
Singapore is facing one of the worst baby droughts in the world. The total fertility rate (TFR) – or the number of children a woman is expected to have – fell a notch, from 1.29 to 1.28 last year. Only South Korea and Hong Kong have lower TFRs than Singapore. To replace itself, a population needs a TFR of 2.1 or higher.
While the TFR may have flagged a bit, take-up rates for the Baby Bonus Scheme have been increasing. About 19,000 new Child Development Accounts (CDAs) were opened last year, up from 14,000 in 2004.
Its interesting how a program offering such incentives hasn't really done more to help the situation. This Baby Bonus Scheme sounds very similar to the Cash for Clunkers Program in the U.S.
Mustache Growth and Economy Related?
The American Mustache Institute has released a new study that surveyed 2000 mustached men, 2000 clean shaven men,
The research found that Mustached Americans earned 8.2 percent more on average than those with beards and 4.3 percent more than the clean-shaven. People of Mustached American descent, however, also tended to spend 11 percent more and save 3 percent less than their collective counterparts.The spending portion seems to make little sense until the survey states its findings that
...The majority of Mustached Americans' disposable income was spent on toiletries such as cologne, and teeth whitening solutions (10 percent); alcoholic beverages such as beer and Rich & Rare Canadian Whisky (11 percent); 1970s and ‘80s-era music memorabilia, most commonly by Hall & Oates (1 percent)Maybe if more people were to grow mustaches and develop new spending habits, we would see the economy pick up again...
Gains in Retail Sales from a Year Ago
Over all, for September, the retailing industry posted a 0.6 percent sales increase for stores open at least a year, according to Thomson Reuters. That figure is higher than analysts expected, and underscores that the rate of economic deceleration has stabilized. Several chains on Thursday also increased their earnings guidance.Hopefully this is a sign that our economy is beginning to stabilize and slowly start picking up again, although it seems that it will be awhile before the economy fully recovers.
Our Plan in Afganistan
President Obama and his advisers are deciding whether the United States need to boost the number of troops in Afganistan. The war in Afganistan is in its eighth year and is one of the major problems that President Barack Obama has to deal with.
Obama is considering whether to continue with a war strategy he approved in March that emphasizes protecting and supporting Afghan civilians and training local army and police. That approach would require a change in tactics and more troops than the 68,000 the U.S. is scheduled to have in the theater by the end of this year, McChrystal said in an Aug. 3 assessment of the security situation in Afghanistan.It is generally agreed upon that there needs to be an increase in the number of forces in Afganistan. The U.S. may be looking to add as many as 40,000 more forces into Afganistan.
Thursday, October 1, 2009
Swine Flu Vaccine in Time for Flu Season
Autosales Drop Without Clunkers Program
The good news for automakers is that the market is no longer deteriorating, though it is not improving very quickly. Also, the clunkers program cleared out inventories at many dealerships, leading G.M., Ford and other manufacturers to increase production at some plants and call back thousands of laid-off workers to their assembly lines. The depleted stocks hindered sales at many dealers in September but left the automakers in a better position to compete and make profitable sales in the months ahead.Although that it may seem that the cash for clunkers was only a temporary program that did little to help the auto industry, the reasons stated above support the fact that it did more than just give a little boost on sales of cars. It could not be expected that the number of car sales would remain as high as they were when the program was still in operation.
Iran Sending it's Uranium to Russia
Iran has agreed to transfer a large amount of their supply of nuclear fuel to other countries to have it enriched, possibly reducing Iran's ability to produce bombs temporarily. Western officials said that "Iranian negotiators agreed in principle to ship part of their stockpile of enriched uranium to be reprocessed in Russia and France to create new fuel rods for an aging medical-research reactor in Tehran". This decision may be a sign that we are moving in the right direction with negotiations with Iran regarding their nuclear program, although it is obvious that this issue will not be resolved for quite awhile.
America's Unemployment Problem
The official unemployment rate hovers near 10%, suggesting that one in 10 American workers is out of work. But that figure masks the extent to which unemployment has devastated American families. Almost one in four families say they have been hit by a job loss over the past year, a new survey finds, and 44% have suffered either the loss of a job or a reduction in wages or hours worked.This chart and survey help show how widespread unemployment is right now and how it has affected individuals in America. This high unemployment rate is just one of the many indications and contributing factors of our poor economy at the moment.
Dealing With Iran's Nuclear Program
Massive Earthquake Devastates Indonesia
Friday, September 25, 2009
Schwarzenegger Pushes State Climate Bill
No Nukes?
Thursday, September 24, 2009
Future of Guantanamo Bay Seems Uncertain
An AIDS Vaccine?
The news that an experimental AIDS vaccine tested on 16,000 heterosexual volunteers in Thailand had been shown to be safe and modestly effective surprised researchers, who had become used to failure in the decades-long effort to find a vaccine to protect against HIV infection.It is good to see that we are making progress in something that we have seen very little success in in the past, especially for a problem that is so large and serious. According to the article, although the Vaccine is not a cure, it seems to help lower one's chances of getting infected. Hopefully we will see researchers and scientists make further progress on this vaccine and bring a solution for a problem that is effecting an ever increasing group of our population.
Terror at our Doorstep
Surge in Oil Discoveries
Tuesday, September 15, 2009
Fuel Economy in Stasis
Monday, September 7, 2009
Energy and Global Warming
Schools Still Facing Cuts
Obama's School Speech Released
In order to address the large controversy over his speech to schoolchildren this Tuesday, President Barack Obama has released the speech which covers what he is going to say in hopes of dismissing fears that he is "trying to indoctrinate their children with a 'socialist' political agenda". The speech will be televised from a Virgina high school and will focus on the importance of staying in school.
Tuesday, September 1, 2009
President Obama's approval ratings at lowest so far
The CNN/Opinion Research Corp. survey results released yesterday show his overall approval number at 53 percent, down from 76 percent in early February, just after he took office.
The increasingly bitter partisanship appears to be taking a toll on the president.
While his approval number among fellow Democrats rose slightly to 90 percent from July, it fell to 43 percent from 53 percent among independents and to 15 percent from 23 percent among Republicans. It is the first time in a CNN poll that independents gave a thumbs down to Obama’s performance as president.