Sunday, March 31, 2013

EPA takes aim at auto emissions, sulfur in gas

WASHINGTON (AP) ? The Obama administration proposed new regulations Friday to clean up gasoline and automobile emissions, claiming the new standards would provide $7 in health benefits from cleaner air for each dollar spent to implement them. The costs likely would be passed on to consumers in higher gasoline and automobile prices.

The Environmental Protection Agency said the new rule would reduce sulfur in gasoline and tighten automobile emission standards beginning in 2017, resulting in an increase in gas prices of less than a penny per gallon. The agency estimated it also would add $130 to the cost of a vehicle in 2025, but predicted it would yield billions of dollars in health benefits by slashing smog- and soot-forming pollution.

EPA Acting Administrator Bob Perciasepe said the proposal is designed to "protect the environment and public health in an affordable and practical way."

The oil industry, Republicans and some Democrats wanted EPA to delay the rule, citing higher costs. An oil industry study says it could increase gasoline prices by 6 to 9 cents a gallon.

"Consumers care about the price of fuel, and our government should not be adding unnecessary regulations that raise manufacturing costs, especially when there are no proven environmental benefits," said Bob Greco, an American Petroleum Institute official. "We should not pile on new regulations when existing regulations are working."

Environmentalists hailed the proposal as potentially the most significant in President Barack Obama's second term.

The so-called Tier 3 standards would reduce sulfur in gasoline by more than 60 percent and reduce nitrogen oxides by 80 percent, by expanding across the country a standard already in place in California. For states, the regulation would make it easier to comply with health-based standards for the main ingredient in smog and soot. For automakers, the regulation allows them to sell the same autos in all 50 states.

The Obama administration already has moved to clean up motor vehicles by adopting rules that will double fuel efficiency and putting in place the first standards to reduce the pollution from cars and trucks blamed for global warming.

"We know of no other air pollution control strategy that can achieve such substantial, cost-effective and immediate emission reductions," said Bill Becker, executive director of the National Association of Clean Air Agencies. Becker said the rule would reduce pollution equal to taking 33 million cars off the road.

But the head of American Fuel and Petrochemical Manufacturers, Charles Drevna, questioned the motives behind the agency's regulation, since refining companies already have spent $10 billion to reduce sulfur by 90 percent. The additional cuts, while smaller, will cost just as much, Drevna said, and the energy needed for the additional refining actually could increase carbon pollution by 1 percent to 2 percent.

"I haven't seen an EPA rule on fuels that has come out since 1995 that hasn't said it would cost only a penny or two more," Drevna said.

A study commissioned by the American Petroleum Institute estimated that lowering the sulfur in gasoline would add 6 cents to 9 cents a gallon to refiners' manufacturing costs, an increase that likely would be passed on to consumers at the pump. The EPA estimate of less than 1 cent is also an additional manufacturing cost and likely to be passed on.

A senior administration official said Thursday that only 16 of 111 refineries would need to invest in major equipment to meet the new standards, which could be final by the end of this year. Of the remaining refineries, 29 already are meeting the standards because they are selling cleaner fuel in California or other countries, and 66 would have to make modifications.

The official spoke on condition of anonymity because the rule was still undergoing White House budget office review.

___

Follow Dina Cappiello on Twitter: https://twitter.com/dinacappiello

Source: http://news.yahoo.com/epa-takes-aim-auto-emissions-sulfur-gas-144338346--finance.html

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Bill Allowing Gold and Silver as Money; Bureaucratic Nightmare ...

I have encouraging news in the state of Arizona where lawmakers back gold, silver as currency.

The measure is Arizona's latest jab at the federal government, which prohibits states from minting their own money. It also reflects a growing distrust of government-backed money.

The bill, which advanced in a 4-2 vote by a House committee Monday, states that gold and silver should be legal currency not subject to tax or regulation as property. The Republican-led Senate gave the bill its blessing in February in a 17-11 partisan vote.

The bill would let people use the precious metals as money as long as businesses agree to take them. If made law, it would take effect in 2014.

Democrats oppose the measure. They say it would be a bureaucratic nightmare because businesses don't have the equipment to determine the value of gold and silver.

Bureaucratic Nightmare?

Nonsense.

The bill is well written and extremely well thought out. It does not force companies to accept gold or silver (nor should it), it merely allows businesses to do so if they want. Any company that does not want to deal with gold or silver will not have to. So where's the nightmare?

States will not be minting their own money under such a proposal (nor should they) so there is no conflict on that part of Federal law.

I commend this bill, expect Arizona lawmakers to pass it, and urge the Governor to sign it. When that happens, gold will once again be legal money.

I support gold as money and believe gold is money whether or not the bill passes.

There is significant reason for people to distrust government-sponsored fiat currencies backed by nothing. I made the case recently in Fraudulent Guarantees; Fictional Reserve Lending; Comparison of US to Cyprus; What About New Zealand?

Here is a brief synopsis, but I encourage you to read the full article.

Monetary Recap

  • Base Money Supply: $2.9 Trillion
  • M1: 2.4 Trillion
  • M2: 10.4 Trillion
  • Total Credit Market Debt Owed: $56.3 trillion
One Giant Ponzi Scheme

Clearly far more money has been lent than exists. How can it possibly be paid back? If it can't be paid back, how good is a government guarantee on deposits?

In 2010 Bernanke proposed ending reserve requirements completely, but long-time Mish readers understand what Bernanke proposed is the de facto state of affairs already. (see the above link for an explanation).


Five Key Points
  1. In a Fractional Reserve Lending scheme, the notion there are meaningful reserves is ridiculous.
  2. Far more money has been lent out than really exists (the rest is a fictional accounting entry).
  3. Fractional reserve lending constitutes fraud (just as lending something you do not own is fraud).
  4. There is no way for all this money to be paid back (so it won't be).
  5. The Reserve Bank of New Zealand has the most sensible policy on deposit insurance of all the world's central banks. (NZ offers no deposit insurance). See my article for a full explanation.


In the sake of full disclosure, I own gold, silver, platinum, as well as shares in various mining corporations.

Mike "Mish" Shedlock
http://globaleconomicanalysis.blogspot.com

Source: http://townhall.com/columnists/mikeshedlock/2013/03/30/bill-allowing-gold-and-silver-as-money-bureaucratic-nightmare-n1553007

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New Soyuz route cuts travel time to ISS from two days to six hours

New Soyuz route cuts travel time to ISS from two days to six hours

Normally, a trip from Earth to the ISS takes about two days. Thursday, a Soyuz capsule docked with the orbiting laboratory after less than six hours of flight time, setting a record. Accelerating the trip wasn't an issue of newer technology or more powerful engines, necessarily, but of better math and planning. The Russian vehicle essentially took a shortcut that required precisely timed steering over the course of four orbits, putting three crew members (including one American astronaut) on the space station at 10:28pm ET -- just five hours and 45 minutes after takeoff from Kazakhstan. Russian engineers are already looking at ways to trim more time off the trip, by cutting two more orbits from the route. Obviously the human cargo appreciates spending less time in the cramped quarters of the Soyuz. But getting equipment and materials for experiments to the ISS quicker should also yield better and more reliable scientific results. For a few clips of liftoff and the docking itself check out the NASA link in the source.

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Source: Discovery, NASA

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Saturday, March 30, 2013

Killer Waves: How Tsunamis Changed History

In a jumbled layer of pebbles and shells called the "Dog's Breakfast deposit" lies evidence of a massive tsunami, one of two that transformed New Zealand's Maori people in the 15th century.

After the killer wave destroyed food resources and coastal settlements, sweeping societal changes emerged, including the building of fortified hill forts (p?) and a shift toward a warrior culture.

"This is called patch protection, wanting to guard what little resources you've got left. Ultimately it led to a far more war-like society," said James Goff, a tsunami geologist at the University of New South Wales in Australia.

The Maori were victims of a one-two punch. An earthquake on the nearby Tonga-Kermadec fault triggered the first tsunami in the mid-15th century. It was soon followed by an enormous wave triggered by an exploding volcano called Kuwae, near Vanuatu. The volcano's 1453 eruption was 10 times bigger than Krakatoa and triggered the last phase of worldwide cooling called the Little Ice Age.

The tsunamis mark the divide between the Archaic and Classic periods in Maori history, Goff said. "The driver is this catastrophic event," he told OurAmazingPlanet.

Goff is one of many scientists searching for ancient tsunamis in the Pacific and elsewhere. The devastating 2004 Indonesia tsunami and earthquake, which killed 280,000 people, brought renewed focus on the hazards of these giant waves. Understanding future risk requires knowing where tsunamis struck in the past, and how often. As researchers uncover signs of prehistoric tsunamis, the scientists are beginning to link these ocean-wide events with societal shifts.

"Following 2004, there has been a lot of re-thinking and a greater appreciation for how such events would have impacted coastal settlements," said Patrick Daly, an archaeologist with the Earth Observatory of Singapore.

Vulnerable islands

The West's written history and legends clearly illustrate the consequences of tremendous tsunamis in the Mediterranean. A great wave destroyed Minoan culture on the Greek island of Crete in 1600 B.C. The same tsunami may be responsible for the legend of Atlantis, the

verdant land drowned in the ocean. More recently, in 1755, an enormous tsunami destroyed Lisbon, Portugal, Europe's third-largest city at the time. The destruction influenced philosophers and writers from Kant to Voltaire, who references the event in his novel "Candide." [10 Tsunamis That Changed History]

But islands face a much greater threat from tsunamis than coastal communities. After the Lisbon tsunami, the king of Portugal immediately set out to rebuild the city, which was only possible thanks to the presence of untouched inland areas.

"An island becomes totally cut off from the outside world," said Uri ten Brink, a marine geologist with the U.S. Geological Survey in Woods Hole, Mass. "Islands are a lot more vulnerable to such disasters. It's the same kind of thing as during bad hurricanes. It takes a lot longer to recover."

Exposed on all sides, islands are simply more likely to be hit by tsunamis. People settle in shallow bays, which are protected from storms but actually magnify the height of incoming tsunami waves. Food in these societies comes from marine resources, which are destroyed by tsunamis, and croplands that become inundated with saltwater. Boats are smashed, halting trade and communication. Goff said women, children and the elderly are most likely to die, and in Polynesian culture, elders hold the knowledge needed to build boats, make tools and grow food.

The islands of the Pacific are particularly vulnerable. About 85 percent of the world's tsunamis strike in the Pacific Ocean, thanks to its perilous tectonics. Tsunamis are waves triggered when earthquakes, landslides or volcanic eruptions shove a section of water. Ringed by subduction zones, spots where one of Earth's plates slides beneath the other, the Pacific suffers the world's most powerful earthquakes, and it holds the highest concentration of active volcanoes.

But the kind of tsunami that can change history, one that sweeps across the entire ocean, is rare.

"There are many tsunamis where there's been no cultural response or no obvious one," Goff said. "The smaller events aren't going to be the game changers."

Polynesia and tsunamis

But Goff thinks he's found a "black swan" that hit 2,800 years ago, the result of an enormous earthquake on the Tonga-Kermadec subduction zone, where two of Earth's tectonic plates collide. The tsunami scoured beaches throughout the Southwest Pacific, leaving distinctive sediments for scientists to decode. Goff's findings are detailed in several studies, most recently in the February 2012 issue of the journal The Holocene.

The tsunami coincides with the mysterious long pause, when rapid Polynesian expansion inexplicably stopped for 2,000 years. Before the pause, settlers had swiftly crossed from New Guinea to Fiji, Tonga and Samoa over the course of about 500 years.

"It's one of those archaeological conundrums," Goff said. "Why? Well, if I just had my culture obliterated, it might take me a little time to recover. It's probably not the only explanation, but it very well could have been the root cause of why they stopped," he told OurAmazingPlanet.

Two tsunamis in the 15th century had a similarly chilling effect on Polynesian society. After leaving Samoa between AD 1025 and 1120, Polynesians spread across the Pacific Ocean, discovering nearly all of the 500 habitable islands there, according to a study published Feb. 1, 2011, in the Proceedings of the National Academy of Sciences. The Polynesian network covered an area the size of North America, all traversed by wooden canoes. [7 Most Dangerous Places on Earth]

Following the tsunamis, the culture contracted, with the rise of chiefdoms, insularity and warfare, Goff said. "There was a major breakdown at exactly that time," Goff said. "You have to live on what you have on your island, and that causes warfare and a fundamental shift in how they go about living."

Indian Ocean tsunami history

Paleotsunamis also froze trade in the Indian Ocean, according to recent studies by geologists and archaeologists.

Along the Sunda fault off the Indonesian island of Sumatra, which spawned the deadly 2004 tsunami, growth patterns in coral reefs record past earthquakes. Combined with sediment layers that point to past tsunamis and historic records of cultural shifts, the clues suggest a 14th century tsunami with an impact as great as the modern cataclysm.

After the 14th-century tsunami, Indian Ocean traders shifted to the sheltered northern and eastern coasts in the Straits of Malacca, and activity ceased in coastal settlements in the same area hit by the 2004 wave, said Daly of Singapore's Earth Observatory.

"We think that the 14th century tsunami disrupted one of the main trading routes connecting the Indian Ocean with China and Southeast Asia, a far more powerful impact on a global scale than what happened in 2004," Daly said.

After about a century, there was a gradual shift back, leading to the establishment of the flourishing Acehnese Sultanate from the 16th century, he said.

"It is interesting to think that later settlement only began after the memory of the previous event had faded," Daly told OurAmazingPlanet. "A huge, unexpected deluge of water that wiped out everything along the coast would have been really traumatic and incomprehensible to people in the past, and it is reasonable to suspect that the survivors would have been very apprehensive about moving back into such areas."

Repeating the past

Warnings would be passed down in oral or written stories and legends. The Maori offer detailed accounts of a series of great waves that hit the New Zealand coast. Along the Cascadia subduction zone, west of Washington State, tribal mythology documents a 1700 tsunami, with warnings to flee to high ground.

But because history-changing waves are rare, the warnings may be lost to time, or disregarded. In Japan, stone markers warned of the height of past tsunamis, and told residents to flee after an earthquake. Not all heeded the ancient admonitions when the 2011 Tohoku earthquake struck and sent a massive wave ashore.

By studying past tsunamis and their causes, researchers such as Goff and ten Brink of the USGS hope to reduce the destruction and loss of life from future waves. Right now, ten Brink is on Anegada Island in the Caribbean, investigating whether a tsunami there between 1450 and 1600 came from Lisbon or a local source. The project started as a hunt for evidence of a magnitude 9.0 earthquake, one similar in size to those in Japan and Sumatra. Goff is assembling a database of Pacific paleotsunamis, including the 1450 wave, which ran 100 feet (30 meters) inland along the New Zealand coast.

"The reason we're interested in looking at old tsunamis is we're worried about how often these things happen," Goff said.

The question is whether increased knowledge about the scope and frequency of tsunamis will change current and future decision-making. [Read: Tsunami Warnings: How to Prepare]

"The early evidence from the last few destructive tsunamis suggests that we don't necessarily learn lessons that well, and people in general seem to be willing to remain in highly vulnerable areas," Daly said.

Email Becky Oskin or follow her @beckyoskin. Follow us?@OAPlanet, Facebook?or Google +. Original article on LiveScience's OurAmazingPlanet.

Copyright 2013 LiveScience, a TechMediaNetwork company. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.

Source: http://news.yahoo.com/killer-waves-tsunamis-changed-history-202020799.html

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Paying the Costs of Iraq, for Decades to Come (Atlantic Politics Channel)

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Pilot ejected when small airplane dives near Chattanooga; search under way

By Gil Aegerter and Matthew DeLuca, NBC News

The body of a student pilot who was ejected from a small aircraft above an area east of Chattanooga, Tenn., in a freak accident Friday evening was found on Saturday, authorities said.

The man?s body was located after 8 a.m. local time, Bob Gault, a spokesman for the Bradley County Sheriff?s department, told NBC News.

The accident occurred when the owner of the Zodiac 601XL plane was taking lessons from an instructor, NBC station WRCB of Chattanooga reported, citing police. A malfunction caused the plane to nose dive and the canopy flew open ? and neither man was wearing a seat belt, WRCB reported.

The accident occurred at about 2,500 feet,?the Chattanooga Times Free Press reported.?

The instructor was able to land the aircraft back at Collegedale Municipal Airport, operations manager Chris Hancock confirmed to NBC News. He directed further questions to a Collegedale police spokesman who could not immediately be reached.

?The people inside the plane were not wearing seat belts,? said Troy Spence, director of the county?s emergency management agency, according to WRCB. ?So when they lost control of the plane, in an attempt to regain control of the plane, the passenger was ejected.?

Authorities conducted a ground search in Bradley County, WRCB said. The Times Free Press said the owner-pilot had a cell phone with him and rescuers pinged it in an attempt to find him.

Neither of the men was identified publicly by authorities.

WRCB said the plane had been owned by a man killed in a December crash and then was sold to the current owner, described as an experienced pilot who wanted more training in the Zodiac.

The Zodiac 601XL is a single-engine kit aircraft offered for home builders. Its two seats are side by side under a large domed canopy.

This story was originally published on

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