Astronomers getting their first close-up glimpse of a giant asteroid about to whiz by Earth found a surprise bonus rock. A smaller moon asteroid is circling the larger space rock, an unusual but not unheard of space phenomenon.
Chlorofluorocarbons (CFCs) — not carbon emissions — are the real culprit behind global warming, claims a new study out of the University of Waterloo.
“Conventional thinking says that the emission of human-made non-CFC gases such as carbon dioxide has mainly contributed to global warming. But we have observed data going back to the Industrial Revolution that convincingly shows that conventional understanding is wrong,” said Qing-Bin Lu, a science professor at the University of Waterloo and author of the study.
Last week, the state of California claimed that its version of Obamacare’s health insurance exchange would actually reduce premiums. “These rates are way below the worst-case gloom-and-doom scenarios we have heard,” boasted Peter Lee, executive director of the California exchange. But the data that Lee released tells a different story: Obamacare, in fact, will increase individual-market premiums in California by as much as 146 percent.
As late as last year, the FBI ran a child pornography operation in an attempt to nab its customers. The service ran for two weeks “while attempting to identify more than 5,000 customers, according to a Seattle FBI agent’s statements to the court.”
Court records indicate the site continued to distribute child pornography online while under FBI control…
As if there were not already enough scandals plaguing the Obama administration, the federal “Fast and Furious” operation that armed Mexican drug cartels is back in the news after the Justice Department Inspector General released a report blasting a government leak intended to smear a key ATF whistleblower. The leaked memorandum was apparently aimed at discrediting Special Agent John Dodson and contradicting his explosive testimony before Congress, which blew the lid off of a federal program that put thousands of high-powered weapons into the hands of deadly criminals in Mexico.
“Generally speaking, it is not believed by the vast majority that the American dollar will be overthrown,” Dick Bove, vice president of equity research at Rafferty Capital Markets, said in a note. “But it will be, and this defrocking may occur in as short a period as five to 10 years.”
Bove uses several metrics to make his point, focusing on the dollar as a percentage of total world money supply.That total has plunged from nearly 90 percent in 1952 to closer to 15 percent now. He also notes that the Chinese yuan, the yen and the euro each have a greater share of that total.
“To the degree that China succeeds in increasing its market share of the world’s currency market, the United States is the loser,” Bove said. “For years, I have been arguing that the move of the Chinese makes perfect sense from their point-of-view but no sense for the Americans.”
For a country with a budget deficit in excess of $1 trillion a year, the consequences of losing standing as the world’s reserve currency would be dire.
“If the dollar loses status as the world’s most reliable currency the United States will lose the right to print money to pay its debt. It will be forced to pay this debt,” Bove said. “The ratings agencies are already arguing that the government’s debt may be too highly rated. Plus, the United States Congress, in both its houses, as well as the president are demonstrating a total lack of fiscal credibility.”
FUN-LAND is the last surviving vestige of the three landmarks that embodied the desire for an amusement park-themed beach. Though technically not an amusement park, the clown logo and outside appearance was intentionally misleading to give the impression of a circus mixed with an amusement park — a marketing method to compete with the Long Beach amusement parks of the day.
Originally opened by Don Remsnider in spring 1950, FUN-LAND is the oldest arcade in North Florida, McDavid said. It was purchased four years later and has been owned by the same family since, only changing hands once from father to son in 1990.