[click image, short mp3]We were screaming for *'s head on a pike for this stuff. We screamed impeach! Impeach! Impeach!
Well?
Is that not correct?
What am I missing?
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[click image]About half of U.S. mortgages seen underwater by 2011No, really.
Wed, Aug 5, 2009, 5:12pm, EDT
By Al Yoon
NEW YORK (Reuters) - The percentage of U.S. homeowners who owe more than their house is worth will nearly double to 48 percent in 2011 from 26 percent at the end of March, portending another blow to the housing market, Deutsche Bank said on Wednesday.
Home price declines will have their biggest impact on prime "conforming" loans that meet underwriting and size guidelines of Fannie Mae and Freddie Mac, the bank said in a report. Prime conforming loans make up two-thirds of mortgages, and are typically less risky because of stringent requirements.
"We project the next phase of the housing decline will have a far greater impact on prime borrowers," Deutsche analysts Karen Weaver and Ying Shen said in the report.
Of prime conforming loans, 41 percent will be "underwater" by the first quarter of 2011, up from 16 percent at the end of the first quarter 2009, it said. Forty-six percent of prime jumbo loans will be larger than their properties' value, up from 29 percent, it said.
"The impact of this is significant given that these markets have the largest share of the total mortgage market outstanding," the analysts said. Prime jumbo loans make up 13 percent of the total market.
Deutsche's dire assessment comes amid a bolt of evidence in recent months that point to stabilization in the U.S. housing market after three years of price drops. This week, the National Association of Realtors said pending home sales rose for a fifth straight month in June. A widely watched index released in July showed home prices in May rose for the first time since 2006.
Covering 100 U.S. metropolitan areas, Deutsche Bank in June forecast home prices would fall 14 percent through the first quarter of 2011, for a total drop of 41.7 percent.
The drop in home prices is fueling a vicious cycle of foreclosures as it eliminates homeowner equity and gives borrowers an incentive to walk away from their mortgages. The more severe the negative equity, the more likely are defaults, since many borrowers believe prices will not recover enough.
Homeowners with the riskiest mortgages taken out during the housing boom have seen the greatest erosion in equity, in part because they were "affordability products" originated at the housing peak, Deutsche said. They include subprime loans, of which 69 percent will be underwater in 2011, up from 50 percent in March, Deutsche said,
Of option adjustable-rate mortgages -- which cut payments by allowing principal balances to rise -- 89 percent will be underwater in 2011, up from 77 percent, the report said.
Regions suffering the worst negative equity are areas in California, Florida, Arizona, Nevada, Ohio, Michigan, Illinois, Wisconsin, Massachusetts and West Virginia. Las Vegas and parts of Florida and California will see 90 percent or more of their loans underwater by 2011, it added.
"For many, the home has morphed from piggy bank to albatross," the analysts said.
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[click image]AP sources: Russian subs patrolling off East Coast
By LOLITA C. BALDOR, Associated Press Writer – Tue Aug 4, 8:47 pm ET
WASHINGTON – Two nuclear-powered Russian attack submarines have been patrolling in international waters off the East Coast for several days, in activity reminiscent of the Cold War, defense officials said Tuesday.
U.S. Northern Command would not comment on the Russian submarines' movement. But in a prepared statement, Northern Command spokesman Michael Kucharek acknowledged the patrols and said the U.S. has been monitoring the two submarines.
Two senior U.S. officials, however, said the submarines had been patrolling several hundred miles off the coast and so far had done nothing to provoke U.S. military concerns. The officials provided details on condition of anonymity in order to discuss intelligence reports.
While the incident raises eyebrows, it did not trigger the more intense reaction by the U.S. military that Russia prompted when two of its bombers buzzed an American aircraft carrier in the western Pacific in February 2008. U.S. fighter planes intercepted the two Russian fighters, including one that flew directly over the USS Nimitz twice at an altitude of about 2,000 feet.
The event did not escalate beyond that, but it signaled a more aggressive military agenda by Moscow.
The latest incident, which was first reported by The New York Times, comes amid increased Russian military activity in the region, and as the Obama administration works to thaw tense relations with Moscow over plans for a missile defense system in Central Europe.
Just last week a senior Pentagon official said the administration is looking at options for the plan, which would install 10 interceptors in Poland and a radar system in the Czech Republic. Assistant Secretary of Defense Alexander Vershbow told Congress members that the Obama administration is looking at various configurations as part of its review of missile defense plans.
Russia, meanwhile, conducted naval exercises with Venezuela last year in the Caribbean and sent one of its warships through the Panama Canal for the first time since World War II. The exercises with Venezuela were the first deployment of Russian ships to the Western Hemisphere since the Cold War.
Officials said they became aware of the most recent submarine activity off the East Coast early on through intelligence sources and were not notified by Moscow in advance of the patrols. They said the submarines have not crossed into U.S. waters, which extend 12 miles out into the ocean.
The statement issued by Northern Command and the North American Aerospace Defense Command said, "We have been monitoring them during transit and recognize the right of all nations to exercise freedom of navigation in international waters according to international law."
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Plague kills 3rd man in sealed-off Chinese townCompare our handling of the Flying Pig Flu outbreak to China's handling of this plague. Russia already has tightened border security... before it's even gotten out of a remote town, substantially smaller than La Gloria, Mexico, and bip-bam, they're on it, and every agency and news outlet on the planet has the full scoop.
By HENRY SANDERSON (AP) – 4 hours ago
BEIJING — Medical staff raced to disinfect a sealed-off town in northwestern China on Tuesday after a third person died within four days in a pneumonic plague outbreak in the farming community of 10,000, local authorities said.
Police set up checkpoints around Ziketan in Qinghai province after the outbreak was first detected last Thursday. The lung infection is highly contagious can kill a human in 24 hours if left untreated.
Medical staff are disinfecting the area and killing rats, insects and fleas that can be carriers for the bacteria, a notice on the provincial health department Web site said. Authorities are keeping close track of people who came into contact with those infected.
Authorities urged anyone who had visited the town since mid-July and has developed a cough or fever to seek hospital treatment. Pneumonic plague is spread through the air and can be passed from person to person through coughing.
The latest victim was a 64-year-old man named Danzhi, the official Xinhua News Agency said.
He was a neighbor of a 32-year-old herdsman in Ziketan and a 37-year-old man who died earlier. A further nine people — mainly relatives of the herdsman — are infected and in a hospital, according to the local health bureau.
Of those, one is in an extremely serious condition and one other has developed symptoms of coughing and chest pain, but the rest are in stable condition and there have been no reports of new infections, Xinhua and the health department said.
Police checkpoints were set up in a 17-mile (28-kilometer) radius around Ziketan and people were not allowed to leave, a resident said. Many shops remained closed Tuesday, residents said, although more vehicles were out on the street.
Some people tried to leave the quarantined area on Monday evening after the third death was reported, mostly by foot, one resident reached by The Associated Press said Tuesday.
"A lot of people ran off last night when they heard that another person died of this plague. They are mostly from other provinces," said a foodseller surnamed Han who runs a stall at the Crystal Alley Market. "They headed back home with food, mineral water and their donkeys."
It was unclear if the people who headed out of the town made it past the police checkpoints. Officials at the local and provincial level were unavailable to comment.
According to the World Health Organization, pneumonic plague is one of the deadliest infectious diseases, capable of killing humans within 24 hours of infection.
A 2006 WHO report from an international meeting on plague cited a Chinese government disease expert as saying that most cases of the plague in China's northwest occur when hunters are contaminated while skinning infected animals.
Pneumonic plague is caused by the same bacteria that causes bubonic plague — the Black Death that killed an estimated 25 million people in Europe in the Middle Ages. However, bubonic plague is usually transmitted by flea bites and can be easily treated with antibiotics.
[click image]Ex-U.S. President Clinton makes surprise visit to North Korea
09:48 | 04/08/2009
MOSCOW, August 4 (RIA Novosti) - Former U.S. President Bill Clinton arrived on Tuesday in Pyongyang on a visit that could secure the release of two American journalists jailed in North Korea, the Yonhap news agency said.
Laura Ling and Euna Lee were sentenced in June to 12 years of hard labor for illegally crossing the border from China in March while working on a story for San Francisco-based Current TV about refugees fleeing the impoverished communist nation.
"Bill Clinton, former president of the United States, and his party arrived here Tuesday by air," Yonhap quoted the official Korean Central News Agency as saying.
The report said Clinton, who was president from 1993 to 2001, was greeted at the airport by Yang Hyong-sop, vice president of the Presidium of the Supreme People's Assembly, and Kim Kye-gwan, the North's deputy foreign minister and chief nuclear envoy.
Some analysts have expressed hope that Clinton's visit could also convince the reclusive regime to return to multilateral talks on North Korea's controversial nuclear program.
Pyongyang quit the six-party talks, involving the two Koreas, Russia, China, Japan and the United States, and announced the restart of its nuclear weapons program after the UN Security Council condemned its April 5 long-range missile launch. The Security Council imposed tougher sanctions on the North after it conducted its second nuclear test in May.
North Korea said on July 27 it was ready for bilateral talks with the U.S., but made it clear that it would not rejoin the six-party nuclear talks, which it said sought only to "disarm and incapacitate" the nation.
[click image]Tensions rise in South Ossetia ahead of war's first anniversary
10:11 | 04/08/2009
MOSCOW, August 4 (RIA Novosti) - With the anniversary of last August's five-day war between Russia and Georgia over South Ossetia just a few days away, events in the region are taking on an oddly familiar tone.
In an echo of the accusations and counter-accusations that marked the buildup to last year's August 8-12 conflict, both Georgia and its former republic of South Ossetia have been trading claims of attacks on one another's territories.
On Tuesday, the South Ossetian communications ministry told RIA Novosti that the village of Otrev, near the republic's capital of Tskhinvali, had been shelled by Georgian forces from across the border. No injuries were reported.
The village was among the first to come under attack last August 8, when Georgian forces attacked the republic in an attempt to bring it back under central control. South Ossetia had enjoyed de facto independence since the early 1990s.
The Georgian Interior Ministry said late on Monday that three rocket-propelled grenades had been launched from South Ossetia at a Georgian village. Again, no injuries were reported.
Both sides also alleged attacks on their territories at the weekend. Russia has said it will use force to protect South Ossetian residents.
Last August's war saw Russian forces chase invading Georgian troops deep into Georgia amid accusations on both sides of human rights abuses. Russia eventually withdrew from Georgian territory and recognized the independence of both South Ossetia and Abkhazia, another former Georgian republic, on August 24. It has since stationed some 4,000 troops in the two republics.
The European Union, in a statement issued by current president Sweden, called for calm in the region.
"The European Union notes with concern the recent accusations of shellings and other incidents on both sides of the South Ossetian administrative boundary line," the statement said. "The EU urges all sides to refrain from any statement or action that may lead to increased tensions at this particularly sensitive time."
The statement also called on both sides to grant the European Union Monitoring Mission unrestricted access to both sides of the South Ossetian border.
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[click image]New HIV strain discovered in woman from Cameroon
By RANDOLPH E. SCHMID (AP) – 4 hours ago
WASHINGTON — A new strain of the virus that causes AIDS has been discovered in a woman from the African nation of Cameroon. It differs from the three known strains of human immunodeficiency virus and appears to be closely related to a form of simian virus recently discovered in wild gorillas, researchers report in Monday's edition of the journal Nature Medicine.
The finding "highlights the continuing need to watch closely for the emergence for new HIV variants, particularly in western central Africa," said the researchers, led by Jean-Christophe Plantier of the University of Rouen, France.
The three previously known HIV strains are related to the simian virus that occurs in chimpanzees.
The most likely explanation for the new find is gorilla-to-human transmission, Plantier's team said. But they added they cannot rule out the possibility that the new strain started in chimpanzees and moved into gorillas and then humans, or moved directly from chimpanzees to both gorillas and humans.
The 62-year-old patient tested positive for HIV in 2004, shortly after moving to Paris from Cameroon, according to the researchers. She had lived near Yaounde, the capital of Cameroon, but said she had no contact with apes or bush meat, a name often given to meat from wild animals in tropical countries.
The woman currently shows no signs of AIDS and remains untreated, though she still carries the virus, the researchers said.
How widespread this strain is remains to be determined. Researchers said it could be circulating unnoticed in Cameroon or elsewhere. The virus' rapid replication indicates that it is adapted to human cells, the researchers reported.
Their research was supported by the French Health Watch Institute, the French National Agency for Research on AIDS and Viral Hepatitis and Rouen University Hospital.
A separate paper, also in Nature Medicine, reports that people with genital herpes remain at increased risk of HIV infection even after the herpes sores have healed and the skin appears normal.
Researchers led by Drs. Lawrence Corey and Jia Zhu of the Fred Hutchinson Cancer Research Center found that long after the areas where the herpes sores existed seem to be clear, they still have immune-cell activity that can encourage HIV infection.
Herpes is marked by recurring outbreaks and has been associated with higher rates of infection with HIV. It had been thought that the breaks in the skin were the reason for higher HIV rates, but a study last year found that treatment of herpes with drugs did not reduce the HIV risk.
The researchers tested the skin of herpes patients for several weeks after their sores had healed and found that, compared with other genital skin, from twice to 37 times more immune cells remained at the locations where the sores had been.
HIV targets immune cells and in laboratory tests the virus reproduced three to five times faster in tissue from the healed sites as in tissue from other areas.
"Understanding that even treated (herpes) infections provide a cellular environment conducive to HIV infection suggests new directions for HIV prevention research," commented Dr. Anthony S. Fauci, director of the National Institute of Allergy and Infectious Disease.
That study was funded by the National Institutes of Health and the Tietze Foundation.
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Iran detains US nationals at border
1 August 2009
Three US nationals who crossed into Iran via Iraq have been arrested, the state-owned Al-Alam television has reported.
"An informed Iranian source confirmed the arrest of three Americans after they infiltrated through the Iraqi border," the Arabic-language television station said on Saturday.
The two men and a woman entered Iranian territory a day earlier from Iraqi Kurdistan despite repeated warnings not to do so, a Kurdish official said.
A fourth American originally with the hiking party had not joined the trek due to illness, said Beshro Ahmed, a media adviser for the general security department in Iraq's autonomous Kurdish region.
He named the three as Shane Bower, Sara Short and Joshua Steel, while Shaun Gabriel Maxwell stayed behind in their hotel in the autonomous Kurdish region's second-largest city of Sulaimaniyah.
Falah Mustafa, foreign policy chief for the Iraqi Kurdistan government, said: "They were interested in going up the mountain and after that they walked down the other side, which is the Iranian side.
"Because they don't know the area, they entered Iran's lands."
There is no clear border marker between Iran and Iraq at Ahmed Awa.
A spokeswoman for the US embassy in Baghdad said: "We've seen the reports and are looking into it but can't confirm anything at this time."
An official at the Pentagon in Washington said no US military personnel were involved.
Mountainous region
The arrests came after the three visited the mountainous resort region of Ahmed Awa, about 90km northeast of Sulaimaniyah.
Ahmed said: "The [Kurdish] tourist police in the area asked them not to climb the mountains because the Iranian border was very close.
"On Friday, they went close to the mountains, and climbed them. Then they called their friend in the hotel telling him that they were arrested by Iranian forces at the border."
"Shaun was in the hotel and he called the US embassy in Iraq to tell them about this information, and the Americans came to the hotel and took him."
Ahmed said the group had originally been in Syria before going to Turkey and eventually crossing the Turkey-Kurdistan border.
[click image]As soon as you're born they make you feel smallI have to go see if I can't figure out how to deal with this train wreck.... Back after a little while....
They hate you if you're clever and they despise a fool
Till you're so fucking crazy you can't follow their rules
Keep you doped with religion and sex and tv
And you think you're so clever and classless and free
But you're still fucking peasants as far as I can see
There's room at the top they are telling you still
But first you must learn how to smile as you kill
If you want to be like the folks on the hill











No one has to "marry" anyone else politically; no one has to embrace every tenet or belief that an anti-imperialist ally might hold. You simply have to say: "All of us, regardless of our other views, believe this truth to be self-evident: dismantling the empire will bring immediate and enormous benefits to our nation and to the world."





















If in your travels you meet the Buddha, throw him through your tv set.
—Davis Fleetwood

I've found that culture, however useful and important, is neither the foundation nor the ceiling of human experience, even if it is commonly used for walls.












I really consider President and Mrs. Mubarak to be friends of my family. So I hope to see him often here in Egypt and in the United States. —Hillary Clinton






