Monday, March 22, 2010
“Between 1970 and 1999, 80% of civil conflicts occurred in countries where 60% of the population or more were under the age of thirty… Today there are sixty-seven counties with youth bulges, of which sixty of them are experiencing social unrest and violence.” – Council on Foreign Relations
A surge in youth population leads most nations in one of two directions: Economic boom or social bust. While much of the world is currently focused on the aging populations of powerhouse nations like the US and Japan, certain regions of the world are growing startlingly younger. Social scientists call these phenomena “youth bulges.” By necessity, they take time to play out. But even in these early stages, it’s easy to see what’s coming…and a lot of it is pretty unsettling. (more)
Scientists in Texas say they have found a way to convert coal into gasoline at a cost of less than $30 (U.S.) a barrel - with zero release of pollutants.
Canada has more energy in its "proven, recoverable" reserves of coal than it has in all of its oil, natural gas and oil
The United States alone has 30 per cent of the world's reserves, and scientists in Texas say they have found a way to convert coal into gasoline at a cost of less than $30 (U.S.) a barrel - with zero release of pollutants. (more)
Even as the Lehman scapegoating campaign is on in full force, there is little doubt that the man who somehow was in the middle of virtually everything, was not Dick Fuld, or any of the bevy of rotating Lehman CFOs, but Lehman's very much under the radar Global Product Controller, Gerard Reilly. Reilly was the point man on Repo 105, the point person for E&Y's "investigation" into the Matthew Lee whistleblower campaign, Lehman's Level 2 and Level 3 asset valuation, the brain behind the idea to spin off Lehman's commercial real estate business, Lehman's Archstone investment, and likely so much more. Reilly stayed on at Lehman, solid as a rock, even as the CFO's above him rotated one after another. Tragically, on December 29, 2008, a 44-year old Gerald [sic] Reilly died while skiing alone on New York's Whiteface mountain, while on a trip with his wife, 4 small children, and two other families.
Here are the facts. (more)
In fact, there were 35 metropolitan areas with unemployment rates at or above 15% in January. California and Michigan remain the hardest hit, with 19 cities in California showing rates above 15%, according to the Labor Department. Michigan logged the next highest number, with 6.
In December, there were 25 cities with jobless rates above 15%, most of which were also in California and Michigan. (more)