Daily Digest 11/4 - The Capitalist Network That Runs The World, Huge Gas Lines Continue In NJ
"At this point, it is premature to make an accurate assessment as to the full impact of the water damage nor would it be helpful to project on what specific actions need to be taken with respect to our vault," said DTCC Chief Executive Michael Bodson in a statement. "We are aggressively working on this situation to minimize disruption to our clients and will provide additional updates as more information becomes available."
Revealed – the capitalist network that runs the world (Arthur Robey)
The work, to be published in PLoS One, revealed a core of 1318 companies with interlocking ownerships (see image). Each of the 1318 had ties to two or more other companies, and on average they were connected to 20. What's more, although they represented 20 per cent of global operating revenues, the 1318 appeared to collectively own through their shares the majority of the world's large blue chip and manufacturing firms - the "real" economy - representing a further 60 per cent of global revenues.
On September 17, 2012, Noam Chomsky held a public lecture with the title "The Emerging World Order: its roots, our legacy" at Politeama Rossetti in Trieste.
B’klyn bat man: Run, looters! (Thomas C.)
Another Coney Island resident, Roberto Aviles, brandishing a rusty 3-foot machete and warning he has a gun, who has lived in Coney Island since 1995 with his wife, says he’s ready to take on phony burglars posing as Con Ed workers.
“I’m prepared inside here,” the 76-year-old Aviles said, showing off his rusted, three-foot machete and warning he had a gun.
"Evacuate? Hmmmm not leavin my house!" one Hoboken resident who lived in a ground-floor apartment posted on Facebook before Sandy struck.
Later, her status message read: "Game over! The Hudson River is in my living room." Sandy filled her entire apartment with three feet of water and sludge. The home is destroyed.
Police On Loudspeakers At Gas Stations In New Jersey (westcoastjan)
This morning in New Jersey we saw mile long gas lines and people we spoke to were thinking very seriously before driving anywhere.
Many were using gas cans to get smaller amounts for generators and also cars in order to avoid the huge lines.
So how bad would it be if peak oil was really upon us? That’s a question that two IMF economists try to tackle in a new working paper, “Oil and the World Economy: Some Possible Futures.” (pdf) The authors, Michael Kumhof and Dirk Muir, don’t make any definitive predictions about how the oil supply will evolve. Rather, they try to model a number of different scenarios in which oil does become more scarce and the world tries to adapt.
Empty Promises (Tall)
ood prices are rising again, partly because of the damage done to crops in the northern hemisphere by ferocious weather. In the US, Russia and Ukraine, grain crops were clobbered by remarkable droughts. In parts of northern Europe, such as the UK, they were were pummelled by endless rain.
Even so, this is not, as a report in the Guardian claimed last week, “one of the worst global harvests in years”(1). It’s one of the best. World grain production last year was the highest on record; this year’s crop is just 2.6% smaller(2). The problem is that, thanks to the combination of a rising population and the immoral diversion of so much grain into animal feed and biofuels(3), a new record must be set every year. Though 2012’s is the third biggest global harvest in history (after 2011 and 2008)(4), this is also a year of food deficit, in which we will consume some 28 million tonnes more grain than farmers produced(5). If 2013’s harvest does not establish a new world record, the poor are in serious trouble.
'Water summit' in drought-hit South East (westcoastjan)
NFU regional director William White said: "Agriculture uses only 1% of abstracted water in the UK, yet it faces increasing pressure due to population growth and long-term climate change."
He said any further tightening of water regulations must not leave farmers and growers facing a reduction in access.
Flooding in Washington state has salmon crossing the road (westcoastjan)
Their annual trek is a struggle under normal conditions, but having to navigate through farmlands and then over a roadway is a real challenge.
Elijah Carrington and his dog Honey have been taking advantage of the situation.
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