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Luis Miguel Goitizolo

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RE: ARE WE NOW IN THE END TIMES?
2/1/2012 2:06:11 AM
Who Are The Real Advocates For Oil?










If the world’s climate were not changing as a result of the greenhouse gases we’re adding to the atmosphere, there would still be several strong arguments against the use of fossil fuels. Burning coal and oil pollutes the air, contributing to smog and acid rain. Coal mines are notoriously dangerous to the miners, who may die quickly in mine collapses, or slowly, from black lung disease or certain cancers. Oil spill disasters are frequently epic in scale, the BP event practically destroying the Gulf of Mexico.

Yet the fossil fuel industry, especially “Big Oil,” has its defenders, as well. The question is: does anyone support the industry without receiving massive personal gain for doing so? It seems like the apologists for oil are industry execs themselves, or conservative politicians receiving massive campaign contributions. Are there any independent, objective observers with an argument against transitioning away from non-renewable fuel sources?

Let’s run through the list. This Maclean’s article quotes some of Prime Minister Stephen Harper’s statements on the subject. The PM warned Canadian citizens as early as November that “significant American interests” were trying to screw up Enbridge’s Northern Pipeline Project. Harper knows that if there’s anyone Canadians are more suspicious of than the prime minister himself, it’s those damn Americans. His concerns seemed partly based on President Obama’s failure to commit to the Keystone XL project. (The president did indeed kill the project this month, but the reasoning was hardly based on environmental considerations.)

Harper has argued time and again that he is looking out for Canadian interests. With the power of the entire government of Canada behind him, he’s “stood up” against small environmental groups, declaring them enemies of the country when they haven’t fallen in line. But do most Canadians want more and more drilling, more and more tar sands, more and more pipelines? No!

The PM has tried to marginalize critics of Canada’s oil projects, characterizing them as “environmental and other radical groups.” But is concern for the environmental and human health such a radical ideology? Especially in this day and age?

A major talking point with Harper and his ilk has been this odd new slogan, “ethical oil.” It started out with a book by Ezra Levant of the same title, which was focused on the further development of Alberta’s tar sands. Levant is a Sun News TV host. Sun Media is Canada’s major conservative media conglomerate.

Now there’s an advocacy group. Ethical Oil (with capital letters this time) has recently been attacking the BC not-for-profit, West Coast Environmental Law, unleashing a series of TV attack ads. But as West Coast writes in their response, Ethical Oil is the group that a) commands enormous funding that most not-for-profits could not dream of, b) refuses to provide the financial transparency most not-for-profits willingly provide, for example in disclosing its mysterious funding sources, c) won’t even reveal the identity of its board of directors.

Ethical Oil accuses West Coast Environmental Law of secretly working for American interests, because they (openly) receive some funding from American environmental organizations. Whose interest does Ethical Oil represent? They attack the critics of tar sands development, but on whose behalf? Would it surprise anyone to find they are completely funded by oil companies, have oil execs sitting on their board of directors, and disperse money for ad campaigns and political contributions under the identity of this third-party advocate?

And if the organization is indeed funded by oil companies for the ultimate purpose of promoting oil development, this isn’t really a non-profit in any meaningful sense of the word, is it? They don’t need to provide transparency; the situation is transparent enough as it is.

There are advocates for oil. But if you look closer, they’re really advocates for themselves.

Related stories:

Forest Ethics Declared “Enemy of the People of Canada”

Half of Canadians Oppose Keystone XL Pipeline

Big Oil Attacks Chiquita for Denouncing Tar Sands

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Photo credit: Daniel Schwen



Read more: http://www.care2.com/causes/who-are-the-real-advocates-for-oil.html#ixzz1l5kt0a3G

"Choose a job you love and you will not have to work a day in your life" (Confucius)

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Luis Miguel Goitizolo

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RE: ARE WE NOW IN THE END TIMES?
2/2/2012 4:16:44 PM
Europe’s Youth Face No Jobs, No Future

For the first time in the history of modern Europe, youth unemployment in one country, Spain, is above fifty percent. All told, 51.4 percent of young people are unemployed in Spain and 46.6 percent in Greece, 30.7 percent in Portugal, 28 percent in Italy. In Britain, 22 percent of those aged 16 to 24 are without a job: It’s the first time that over one million young people have been unemployed in Britain for the past 15 years.

In comparison, about 18 percent of those 16 to 24 in the US are unemployed.

All told, 16.3 million people in the 17-nation European Union are out of work.

Earlier this week, EU leaders at the World Economic Forum in Davos said they would commit 22 billion euros to address the increasingly dire problem of youth unemployment. EU leaders are proposing a plan according to which all young people would be guaranteed work, training or further education within four months of finishing school.

Robert Zoellick, president of the World Bank, emphasized that youth employment is a problem not only for western nations but all over the world. “If people don’t get the right start it can affect them their whole lives. It is not enough to muddle through. It is not enough to do a fiscal fix,” Zoellick emphasized.

The demands for the EU and financial leaders to do more to address the job crisis has highlighted the EU’s calls for austerity measures even as many others in Europe have called for “kickstart[ing] flagging national economies with extra spending.”

The Lost Generation

The human toll of the economic crisis is painfully, and poignantly, apparent in a Guardian article entitled “Europe’s lost generation: how it feels to be young and struggling in the EU“. Viola Caon interviewed twentysomethings in her hometown of Civita Castellani in Italy. Most have college degrees and none have full-time jobs. Some have traineeships that do not pay expenses; those who have jobs are poorly paid and have no job security. As Caon comments,

Getting a foot on the ladder has never been simple in Italy, where who you know is often key. But with the country facing austerity for the foreseeable future, and eurozone GDP as a whole predicted to shrink by 0.5% in 2012, the outlook is bleak.

The situation in Greece and Spain is even bleaker. In Greece, four out of ten without jobs are aged 16 to 24 and “fears of impending economic collapse and warnings that it may take 10 years before the service-oriented economy even begins to recover have spurred many of the brightest and best to look abroad.” So many young, educated Greeks are now leaving the country for other places in Europe and Australia that people speak of a “brain drain.”

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Photo of a May 15, 2011, demonstration in Madrid by ACido. "No hay pan para tanto chorizo" means "Not enough bread for so much chorizo"; "chorizo" means both a sausage and (in slang) a petty thief.



Read more: http://www.care2.com/causes/europes-youth-face-no-jobs-no-future.html#ixzz1lF3wQ816

"Choose a job you love and you will not have to work a day in your life" (Confucius)

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Luis Miguel Goitizolo

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RE: ARE WE NOW IN THE END TIMES?
2/2/2012 10:35:14 PM
Biggest Holders of US Government Debt

By Paul Toscano | CNBC

Biggest holders of U.S. government debt

China is the second-biggest holder of U.S. government debt, and the biggest holder may be a surprise. Who it is

As the U.S. government spends an unprecedented amount of money to fix the economy, there is an equally great need to raise the cash to pay for it. This is accomplished through borrowing, whereby Uncle Sam sells Treasury securities of varying maturity.

For investors, government bills, notes and bonds are considered safe because they have a guaranteed rate of return, based on faith in future U.S. tax revenues. The government has been partially funding operations via Treasury securities for decades.

This borrowing adds to the national debt, which has recently surpassed $15 trillion and is rising every second. The amount of debt is quickly approaching the federal debt ceiling, a legal limit to borrowing that currently stands at $16.4 trillion.

Much of that debt is held by private sector, but about 40 percent is held by public entities, including parts of the government. Here's who owns the most. Foreign countries listed include private and public investors, according to monthly U.S. Treasury data.

1. Federal Reserve and Intragovernmental Holdings

U.S. debt holdings: $6.328 trillion

That’s right, the biggest single holder of U.S. government debt is inside the United States and includes the Federal Reserve system and other intragovernmental holdings. Of this number, The Fed's system of banks owns approximately $1.65 billion in U.S. Treasury securities (as of January 2012), while other U.S. intragovernmental holdings - which include large funds such as the Medicare Trust Fund and the Social Security Trust Fund - hold the rest.

In the monthly Treasury bulletin, both are combined into one category and the total accounts for a stunning $6.328 trillion in holdings as of September 2011 (the most recent number available). The amount is an all-time high as the Federal Reserve continues to expand its balance sheet, partially to purchase U.S. government debt securities. The Social Security Trust fund is required by law to invest in securities where the principal and interest is guaranteed by the Federal government.

About a decade ago, the total government holdings were "only" $2.5 trillion.

2. China

Photo: DAJ RM | Getty ImagesU.S. debt holdings: $1.132 trillion

The largest foreign holder of U.S. Treasury securities, China currently has $1.132 trillion in American debt, although it is down from all time highs of $1.173 trillion in July 2011. For more on China and currency, see CNBC Explains.



3. Other Investors/Savings Bonds

U.S. debt holdings $1.107 trillion

With the most recent numbers from June 2011, this extremely diverse group includes individuals, government-sponsored enterprises, brokers and dealers, bank personal trusts, estates, savings bonds, corporate and noncorporate businesses for a total of $1.107 trillion.

Although the level of debt held in U.S. savings bonds has remained basically constant since 2000, the broad category of "other" investors has nearly quadrupled since reaching a four-year low in December 2007.

[Also see: Money Missteps That Matter]

4. Japan

Photo: APU.S. debt holdings: $1.038 trillion

One of the U.S.'s largest trade partners, Japan is also one of the U.S.'s largest debt holders, currently owning $1.038 trillion in Treasury securities.




5. Pension Funds


U.S. debt holdings: $842.2 billion

Pension funds control large amounts of money, reserved for personal retirements, and thus are obligated to make relatively safe investments. This group, which includes private and local government pension funds, holds $842.2 billion in U.S. debt. The private pension fund category also includes U.S. Treasury securities held by the Federal Employees Retirement System Thrift Savings Plan G Fund.

6. Mutual Funds

U.S. debt holdings: $653.5 billion

According to the Federal Reserve, mutual funds hold the sixth-largest amount of U.S. debt compared to any other group, although mutual fund holdings have diminished by more than $105 billion since December 2008. Including money market funds, mutual funds and closed-end funds, this group of investments managed about $653.5 billion in U.S. Treasury securities as of June 2011, which are the most recent numbers available.

7. State and Local Governments

U.S. debt holdings: $484.4 billion

U.S. state and local governments have nearly a half-trillion dollars invested in American debt, according to the Federal Reserve. The level of investment has remained stable since 2006, moving within the range of $484 billion and $576 billion. The current debt holdings, however, represent the lowest aggregate level for state and local governments since December 2005, when they stood at $481.4 billion.

[Also see: Save Up to 50% at the Grocery Store]

8. The United Kingdom

Photo: Dominic Burke | Getty ImagesU.S. debt holdings: $429.4 billion

The U.K. currently holds $429.4 billion in U.S. debt, but the country's investment has fluctuated dramatically during the past two years. Now at its all-time high (and rapidly increasing), British holdings were as low as $55 billion in June 2008.




9. Depository Institutions

U.S. debt holdings: $284.5 billion

As of June 2011 (the most recent numbers available), the Federal Reserve Board of Governors lists depository institutions as holding about $284.5 billion in U.S. debt.

This group includes commercial banks, savings banks and credit unions. In 2011, its holdings more than tripled from the 2008 low of $105 billion. Between June and September 2011, holdings for depository institutions fell by nearly $44 billion.

10. Insurance Companies

Photo: Sylvain LeprovostU.S. debt holdings: $250.1 billion

According to the Federal Reserve Board of Governors, insurance companies hold $250.1 billion in Treasury securities. This group includes property-casualty and life insurance firms.




Click here for the full list of Biggest Holders of US Gov’t Debt.

"Choose a job you love and you will not have to work a day in your life" (Confucius)

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Luis Miguel Goitizolo

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RE: ARE WE NOW IN THE END TIMES?
2/3/2012 12:55:25 AM
Extremely cold weather kills dozens across Europe

The Irish Times - Wednesday, February 1, 2012

A steam train makes its way through a forest in the Harz national park near Schierke in central Germany yesterday. Temperatures in Berlin are forecast to drop to -13 tonight.Photograph: AP

DANIEL McLAUGHLIN

A SEVERE cold snap gripping central and eastern Europe has killed dozens of people in recent days, as blizzards swept the region and temperatures plunged following a relatively mild start to the winter.

More than 60 people have died as a deep freeze settled across countries stretching from the Baltic to the Black Sea, with the death toll highest in Ukraine and transport chaos most severe in Romania and Bulgaria.

Ukraine’s emergencies ministry said 30 people had perished from the cold in the last five days, as the mercury dipped to -33 degrees and forecasters predicted no respite from the chill until the weekend at the earliest.

Officials in Kiev said most of those who died were homeless people who could not find shelter at night, despite the provision of extra accommodation and food kitchens.

Hospitals across the country have also treated more than 600 people for frostbite and other cold-related problems.

Kiev administration chief Oleksandr Popov ordered the capital city’s schools and colleges to close until the end of the week, as ageing heating systems and power networks struggled to cope with the surge in demand.

At least 15 people have died in Poland since a sharp drop in temperatures last weekend, bringing the country’s death toll for the month of January to 27, with most of the victims succumbing to exposure, flu and pneumonia as well as carbon monoxide poisoning from faulty heaters.

Several people have also died in the Baltic states, the Czech Republic, Serbia, Bosnia and Romania and Bulgaria, where until now temperatures had been well above normal for mid-winter.

Blizzards crippled transport across Romania, Bulgaria and Serbia late last week, with the Romanian government forced to deploy the army to rescue thousands of people trapped in snow-bound cars and trains in the south of the country. The chaos did nothing to boost the government’s popularity as it struggles to survive a wave of anti-austerity street protests.

Snowfall blocked the main bridge across the Danube linking Romania with Bulgaria, and ice on several stretches of the river threatened cargo traffic.

Flights were cancelled and diverted and Black Sea ports were closed due to the weather.

Ice covered the Black Sea off the Romanian coast, and a salt-water lake in northern Bulgaria froze for the first time in almost 60 years, as Sofia and several smaller Bulgarian towns endured record low temperatures.

"Choose a job you love and you will not have to work a day in your life" (Confucius)

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Luis Miguel Goitizolo

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RE: ARE WE NOW IN THE END TIMES?
2/3/2012 1:00:21 AM

Severe Cold Spell Kills Dozens Across Europe



Rescue helicopters are airlifting supplies and evacuating dozens of people from snow-covered villages in Serbia and Bosnia, as the death toll from Europe's severe cold spell has rises over 80. (Feb. 1)

"Choose a job you love and you will not have to work a day in your life" (Confucius)

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