Category Archives: NEWS

News discussion covering entire UK

The Syria dilemma

Please post all news, updates, developments and discussion relating to the conflict in Syria and the wider international implications in this thread…….

Putin has just sent a letter to Obama stating his stance on the situation. you can read it here
http://news.sky.com/story/1140518/syria-crisis-vladimir-putins-letter-to-america

Should the UK intervene militarily in Syria?

I would answer no
– we have no evidence there was a chemical attack (david kelly) and even if we assume there was one we have no proof which side was responsible
-it is not our business to get involved when it does not threaten the UK
-we have massive debt and cannot afford another war particularly with Russia and Iran opposing it

The US need to keep their big noses out of the situation “It is extremely dangerous to encourage people to see themselves as exceptional (America), whatever the motivation. There are big countries and small countries, rich and poor, those with long democratic traditions and those still finding their way to democracy. Their policies differ, too. We are all different, but when we ask for the Lord’s blessings, we must not forget that God created us equal.” Putin summed it up in his letter.

Views?

Global economic collapse

The economy is failing terribly at the moment, the global bankers cant be trusted. We are constantly in a recession, and our governements give out false hope and honesty.

Here are 18 signs that the Ecomony is about to go into global collapse.

#1 The yield on 10 year U.S. Treasuries has risen for 5 of the past 6 days, and it briefly touched the 2.90% level on Monday.

#2 Rapidly rising interest rates are spooking investors and causing them to pull money out of bonds at a very rapid pace…

Investors have yanked nearly $20 billion from bond mutual funds and exchange traded funds so far in August. That’s the fourth highest pullback ever, according to TrimTabs data. In June, investors took out $69.1 billion — the highest on record.

#3 The sell-off of U.S. Treasuries is being led by foreigners. In particular, China and Japan have been particularly aggressive in selling off bonds…

China and Japan led an exodus from U.S. Treasuries in June after the first signals the U.S. central bank was preparing to wind back its stimulus, with data showing they accounted for almost all of a record $40.8 billion of net foreign selling of Treasuries.

The sales were part of $66.9 billion of net sales by foreigners of long-term U.S. securities in June, a fifth straight month of outflows and the largest since August 2007, U.S. Treasury Department data showed on Thursday.

China, the largest foreign creditor, reduced its Treasury holdings to $1.2758 trillion, and Japan trimmed its holdings for a third straight month to $1.0834 trillion. Combined, they accounted for about $40 billion in net Treasury outflows.

#4 Thanks to rapidly rising bond yields, some of the largest exchange-traded bond funds are getting absolutely hammered right now…

• The $18 billion iShares iBoxx $ Investment Grade Corporate Bond fund (ticker: LQD) has fallen 7.94% since May 2, according to S&P Capital IQ. That’s including reinvested interest from the fund’s bond holdings.

• The 3.7 billion iShares Barclays 20+ Year Treasury Bond (TLT) has plunged 15.9% the same period. Longer-term bonds typically get hit harder when rates rise than shorter-term bonds. For example, the iShares Barclays 3-7 Year Treasury Bond fund (IEI) has fallen 3.2% since May 2.

• PowerShares Emerging Markets Sovereign Debt (PCY), which invests in government bonds issued in developing countries, has fallen 12.7%. The fund has $1.8 billion in assets.

#5 In recent weeks we have witnessed the largest cluster of Hindenburg Omens that we have seen since prior to the last financial crisis.

#6 George Soros has bet a tremendous amount of money that the S&P 500 is going to be heading down.

#7 At this point, the S&P 500 has fallen for 9 out of the last 11 trading days.

#8 Margin debt has spiked to extremely dangerous levels. This is a pattern that we also saw just before the last financial crash and just before the dotcom bubble burst…

The exuberant mood comes as margin debt on Wall Street hovers near $377bn, just below its all-time high and well above peaks before the dotcom crash and the Lehman crisis.

“Investors have rarely been more levered than today,” said Deutsche Bank, warning that the spike in margin debt is a “red flag” and should be watched closely.

#9 The growth rate of new commercial bank loans and leases is now the slowest that it has been since the end of the last financial crisis.

#10 According to a shocking new report, Fannie Mae and Freddie Mac are masking “billions of dollars” in losses. Will they need to be bailed out again just like they were during the last financial crisis?

#11 Wal-Mart reported very disappointing sales numbers for the second quarter. Sales at stores open at least a year were down 0.3%. This is a continuation of a trend that has been building for years.

#12 U.S. consumer bankruptcies just experienced their largest quarterly increase in three years.

#13 The velocity of money in the United States has hit another stunning new low.

#14 The massive civil unrest in Egypt threatens to disrupt the steady flow of oil out of the Middle East…

After last week’s bloody crackdown by the Egyptian army, fears of a disruption of oil supplies to the West have boosted the oil price. Brent crude prices were propelled to a four-month high of $111.23 on Thursday. If the turmoil gets worse – or unrest spreads to other countries – the risk premium currently factored into the price of crude is likely to increase further.

#15 European stocks just experienced their biggest decline in six weeks.

#16 The Japanese national debt recently crossed the quadrillion yen mark, and many are expecting the Japanese financial system to start melting down at any time.

#17 In Indonesia, the stock market is “cratering”.

#18 In India, the yield on their 10 year government bonds has skyrocketed from 7.1 percent in May to 9.25 percent now.

As the coming months unfold, keep a close eye on the “too big to fail” banks both in Europe and in the United States. When the next great financial crisis strikes, they will play a starring role once again. They have been incredibly reckless, and as James Rickards told Greg Hunter during an interview the other day, we are in much worse shape to deal with a major banking crisis than we were back in 2008…

What’s going to cause the next crisis? Rickards says, “The problem in 2008 was too-big-to-fail banks. Well, those banks are now bigger. Their derivative books are bigger. In other words, everything that was wrong in 2008 is worse today.” Rickards goes on to warn, “The last time, in 2008 when the crisis started, the Fed’s balance sheet was $800 billion. Today, the Fed’s balance sheet is $3.3 trillion and increasing at $1 trillion a year.” Rickards contends, “You’re going to have a banking crisis worse than the last one because the banking system is bigger without the resources because the Fed is tapped out.” As far as the Fed ending the money printing, Rickards predicts, “My view is they won’t. The economy is fundamentally weak. We have 50 million on food stamps, 24 million unemployed and 11 million on disability, and all these numbers are going up.”

We never even came close to recovering from the last financial crisis and the last recession.

Now the next major wave of the economic collapse is coming up quickly.

I hope that you are taking this time to prepare for the approaching storm, because it is going to be very painful.

Justin Beiber spitting on his fans

We all know Justin Bieber is becoming a bit of a hellraiser – allegations of fighting, and controversial comments have landed him in the papers through his career.
However, photos of Bieber leaning over a balcony and spitting on his fans have surfaced which leads the question – how far is this going to go?

I hate Celebrity Gossip. A lot.
But every time I hear about the actions of Bieber, it does annoy me.

What do you think,
Do you think these actions are truly excusable with the now Bieber Cliché “He’s young. Yolo”?

Do we have a right to die??

Ive been thinking about Tony Nicklinson recently, the locked-in syndrome sufferer who was not granted the access to die on his own accords

Personally i think this is tragic. The fact that weve got to a stage in life where a person with a normal functioning mind making a rational decision about their terrible situation is denied a sovereign right to end their life because of someone elses judgement.

Makes me feel sick for the guy. instead he killed himself by startvation.

Sad times, what are your views?? And also, kinda the same area. Whats everyones ideas on capital punishment??

Global Warming?? mmmmmm

I would just like to highlight this post to everyone. Ive been interested in this whole global warming shtick for a long time, and some stuff just doesnt add up!!!

Infact it doesnt add up that much that now its not ‘global warming’ anymore because the Earth isnt actually warming. mmmmm So we need to change it to ‘climate change’…..

Theres too many companies and people making big bucks from this global warming myh that the plug cant be pulled.

But hey, dont listen to me, research yourself.

“Global Warming theory has failed all tests, so alarmists return to the ‘97% consensus’ hoax
Posted on June 5, 2013 by Anthony Watts
Guest essay by Joseph D’Aleo, CCM, Weatherbell Analytics

National Academies of Science defines a scientific theory as

“a well-substantiated explanation of the natural world that can incorporate facts, laws, inferences, and tested hypotheses.”

Dr Richard Feynman, Cornell Physicist in a lecture explained how theorys that failed the test of data or experiment are falsified (“wrong”) and must be discarded.

Global Warming Theory Has Failed

(1) Warming not ‘global’. It is shown in satellite data to be northern hemisphere only

(2) It is now not warming. Warming (global mean and northern hemisphere) stopped in the 1990s

(3) Models suggest atmosphere should warm 20% faster than surface but surface warming was 33% faster during the time satellites and surface observations used. This suggests GHG theory wrong, and surface temperature contaminated.

(4) Temperatures longer term have been modified to enhance warming trend and minimize cyclical appearance. Station dropout, missing data, change of local siting, urbanization, instrumentation contaminate the record, producing exaggerating warming. The GAO scolded NOAA for poor compliance with siting standards.

(5) Those who create the temperature records have been shown in analysis and emails to take steps to eliminate inconvenient temperature trends like the Medieval Warm Period, the 1940s warm blip and cooling since 1998. Steps have included removal of the urban heat island adjustment and as Wigley suggested in a climategate email, introduce 0.15C of artificial cooling of global ocean temperatures near 1940.

(6) Forecast models have failed with temperature trends below even the assumed zero emission control scenarios

(7) Climate models all have a strong hot spot in the mid to high troposphere in the tropical regions. Weather balloons and satellite show no warming in this region the last 30 years.

(8) Ocean heat content was forecast to increase and was said to be the canary in the coal mine. It too has stalled according to NOAA PMEL. The warming was to be strongest in the tropics where the models were warming the atmosphere the most. No warming has been shown in the top 300 meters in the tropical Pacific back to the 1950s.

(9) Alarmists had predicted permanent El Nino but the last decade has featured 7 La Nina and just 3 El Nino years. This is related to the PDO and was predicted by those who look at natural factors.

(10) Alarmists had predicted much lower frequency of the negative modes of the AO and NAO due to warming. The trend has been the opposite with a record negative AO/NAO in 2009/10

(11) Alarmists predicted an increase in hurricane frequency and strength globally but the global activity had diminished after 2005 to a 30+ year low. The U.S. has gone seven consecutive years without a landfalling major hurricane, the longest stretch since the 1860s

(12) Alarmists have predicted a significant increase in heat records but despite heat last two summers, the 1930s to 1950s still greatly dominated the heat records. Even in Texas at the center of the 2011 heat wave, the long term (since 1895) trends in both temperature and precipitation are flat. And when stations with over 80 years of temperature data were considered, the number of heat records last July were not extraordinary relative to past hot summers.

(13) Extremes of rainfall and drought were predicted to increase but except during periods of strong El Nino and La Nina, no trends are seen

(14) Alarmists indicated winter would become warmer and short. The last 15 years has seen a decline in winter temperatures in all regions. In places winter have been the coldest and longest in decades and even centuries.

(15) Alarmists had indicated snow would become increasingly rare in middle latitudes especially in the big cities where warming would be greatest. All time snow records were set in virtually all the major cities and northern hemisphere snow coverage in winter has increased with 4 of the top 5 years since 2007/08. Also among the east coast high impact snowstorms tracked by NOAA (NESIS), 11 of the 46 have occurred since 2009.

(16) Alarmists had indicated a decline of Antarctic ice due to warming. The upward trends since 1979 continues.

(17) Alarmists had indicated Greenland and arctic ice melt would accelerate. The arctic ice tracks with the Atlantic Multidecadal Oscillation and the IARC shows the ice cover was similarly reduced in the 1950s when the Atlantic was last in a similar warm mode. In Greenland, the warmth of the 1930s and 1940s still dominates the records and longer term temperatures have declined.

(18) Sea level rise was to accelerate upward due to melting ice and warming. Sea levels actually slowed in the late 20th century and have declined or flattened the last few years. Manipulation of data (adjustment for land rises following the last glaciation) has been applied to hide this from the public.

(19) Alarmists claimed that drought western snowpack would diminish and forest fires would increase in summer. Snowpack and water equivalent were at or near record levels in recent winters from Alaska to the Pacific Northwest and Northern Rockies. Glaciers are advancing. Fires have declined.

(20) Alaska was said to be warming with retreating glaciers. But that warming is tied intimately to the PDO and thr North Pacific pattern NP and happens instantly with the flips from cold to warm and warm to cold. Two of the coldest and snowiest winters on records occurred since the PDO/NP flipped cold again (2007/08 and 2011/12). January 2012 was the coldest on record in many towns and cities and snowfall was running 160 inches above normal in parts of the south. Anchorage Alaska set an all time record for seasonal snow in 2011/12. In 2007/08, glaciers all advanced for the first time since the Little Ice Age. In 2011/12, the Bering Sea ice set a new high in the satellite era. Latest ever ice out date records were set in May 2013.

(21) Mt. Kilimanjaro glacier was to disappear due to global warming. Temperatures show no warming in recent decades. The reduction in glacial ice was due to deforestation near the base and the state of the AMO. The glaciers have advanced again in recent years

(22) Polar bears were claimed to be threatened. Polar bear populations instead have increased to record levels and threaten the populace.

(23) Australian drought was forecast to become permanent. Steps to protect against floods were defunded. Major flooding did major damage and rainfall has been abundant in recent years tied to the PDO and La Nina as predicted by honest scientists in Australia. All years with La Nina and cold PDO composited show this rainfall. Drought was associated with El Ninos and warm PDO fro 1977 to 1998

(24) The office of the Inspector General report found that the EPA cut corners and short-circuited the required peer review process for its December 2009 endangerment finding, which is the foundation for EPA’s plan to regulate greenhouse gases. The Government Accountability Office (GAO) report confirmed that EPA’s Integrated Risk Information System (IRIS) program-which EPA acknowledges is the “scientific foundation for decisions” – is flawed, echoing previous concerns from the National Academy of Sciences (NAS) that the agency is basing its decisions on shoddy scientific work.

(25) Of 18,531 citations in the 2007 IPCC Assessment Report, 5,587 or 30% were non-peer-reviewed material, including activist tracts, press releases, and in one amazing case, “Version One” of a Draft. In important instances, IPCC lead authors chose non-peer-reviewed material, or papers of low credibility, favoring their argument, in the face of prolific peer-reviewed material to the contrary. Instances include alleged climate relevance to malaria, hurricanes, species extinction, and sea levels.

Given the failures of global warming science, just a few mentioned here, the most disreputable alarmists like Oreskes, Cook and Trenberth and the demagogue party have tried to convince the uniformed by using the consensus argument. See the latest failed attempt here. It was also described on Forbes here.

“Historically, the claim of consensus has been the first refuge of scoundrels; it is a way to avoid debate by claiming that the matter is already settled. Whenever you hear the consensus of scientists agrees on something or other, reach for your wallet, because you’re being had. Let’s be clear: the work of science has nothing whatever to do with consensus. Consensus is the business of politics.” Michael Crichton 17 January 2003 speech at the California Institute of Technology”

The Royal baby, Yawn

All this Royal baby business is starting to really get on my wick.

I mean what is going off with the British Media. Sat around Slack Jawed at some bloody baby whilst the rest of the world is basically in turmoil.

Most of the British people couldnt care less about the Royal Family, and the fact that we pay for all these golden thrones and golden this and that whilst the Queen talks about austerity. OH PLEASE.

My does the whole media system have to completely shut down. The presenters didnt even know what to say. I mean how much can you say about a newborn for the large majority of the air time!!!

Massive pet hate of mine, theres just no need for the exaggeration about a family that to be quite frank is not needed anymore!!

Fukoshima

This issue is starting to get really scary.

Say good by to your pacific ocean fish sales. This complete farce is said to be releasing over 400 tons of nuclear radation consisting of iodene and strontium into the ocean every single day!!!!!

WHAT THE HELL IS GOING OFF.

Apparently this release of radiation is the same amount that the Atom Bombs create……. Now with this fact in mind, why are poeple not being being evacuated from the coats. This is a world wide epidemic and the Japanese Government are playing it down asif its some sort of governmental game of poker.

In my opinion we need to get people of the area IMEDIATELY. And do exactly what they did to chenobyl. Drop tons and tons of concrete onto the area!! This is the only way you are going to slightly inhibit the effects of this terrible distaster.

High speed railway plans (HS2)

For:
HS2 is good for the national economy and will create jobs in the engineering and technology sector.

Against:
HS2 won’t solve Britain’s commuter problems and the money should be invested in digital infrastructure.

The argument for:
Good infrastructure is essential to the success of a competitive modern economy. That’s why countries around the world are investing in high-speed rail – helping businesses by bringing cities closer together. More and more people in Britain are travelling by train, and demand continues to climb. Unless we invest and plan for the future, our rail network risks becoming a brake on economic growth. That is why we are planning a high-speed rail network that will link eight of Britain’s ten biggest cities. High Speed Two is a once-in-a-generation opportunity to invest in Britain’s future by making space for people and freight on our increasingly crowded railways.

The argument against:
HS2 is the highly controversial proposed high-speed rail link between London, Birmingham, Manchester and Leeds. The first trains between London and Birmingham won’t carry passengers until 2026 and the second phase from Birmingham northwards is due for completion in 2033. It’s a government project, meaning the taxpayer will pay the cost of construction, but the benefits are uncertain. The HS2 tracks are estimated to cost £33bn and a further £8bn for the trains. Stop HS2 thinks that HS2 is a bad project in its own right. But there are also much better ways of achieving the same goals.

Do schools kill creativity?

Hello,

I watched a TED video and was fascinated by this topic!!

Now I used to be a really creative kid, constantly drawing, making different models and generally being quite individual.

I was always a ‘bad’ kid, especially when I got older and Im starting to genuinely feel that its because I was being held back a little bit by the teachers.

I remember I used to get constantly wound up about how they always wanted me to keep quite and ‘get on with my work’, always wanted me to conform. I feel subconsciously i really was just being held back, and my way of dealing with this was to lash out at teachers.

Its only really hit my now the older ive got. As Ive cut myself off from education ive naturally started to get back into art and design. Rekindling if you would my long lost talent and ive noticed a real change in my demeanor. I seem to be more laid back, open to new ideas and ive found my concentration has improved greatly.

What are your thoughts, quite a controversial topic but I think that hes hit the nail on the head….

Ken Robinson

http://www.ted.com/talks/ken_robinson_says_schools_kill_creativity.html