An Order of Magnitude for the Poor Folk

I don’t really understand what the $700 billion being discussed as a bailout for the mortgage/credit mess means, but here’s a nice benchmark for purpose of comparison: At the start of Monday’s meeting, Secretary-General Ban Ki-moon urged the world’s rich nations to spend $72 billion a year to help Africa achieve U.N. goals to fight …

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Markets and China’s Energy Consumption

Qiang Wang of the Chinese of Academy of Sciences had a letter in the 29 August Science magazine (behind paywall) about the critical issue of energy subsidies in China. Rising global energy prices have caused a drop in consumption in the United States, but in China, not so much: You can see that higher global …

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Nuclear Weapon in Plastic Cow

It was art: A police report indicates Smith said he was a “special agent with the United States Illuminati, badge number 0931.” His mission? One from “Director Womack,” to “defuse and confiscate a Soviet-made MERV6SS-22AN warhead, with 14.5 kg of enriched uranium and a plutonium trigger, capable of delivering a 40-kiloton yield.” Police say Smith …

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