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Wind Gusts of 200 MPH Hit North Carolina

Grandfather Mountain in North Carolina experienced wind gusts of 200 MPH on Wednesday, breaking the old record of 195.5 set in 1997.

The winds were created by a strong storm system over the Northeast. That system pumped chilly air into the Carolinas and the rest of the eastern United States, allowing temperatures to fall into the lower and middle 20’s this morning. The low at Charlotte/Douglas International Airport today was 23 degrees, second-coldest this month behind a 22-degree reading Jan. 7.

Grandfather Mountain is about 100 miles from Charlotte.

The strongest wind in U.S. history was a 231 mph gust measured in 1934 at Mount Washington, N.H.

Grandfather Mountain Mover Mike

Joel Rosenberg’s Three NOs!

I received an email from Joel Rosenberg, author of The Ezekiel Option and The Last Days regarding the election in Palestine. Rosenberg urges Pres. Bush to offer three NOs!

NO RECOGNITION — The United States must refuse to recognize the legitimacy of a Hamas-controlled Palestinian government unless and until Hamas and all its members and factions renounce the use of political violence of all kinds; recognize Israel’s right to exist and live in peace; and acts to insure the fundamental right of all Christians, Jews and Muslims in the region to practice their politics and their faith without fear of persecution and intimidation.

NO NEGOTIATIONS — The United States should declare an end to all negotiations with a Hamas-controlled Palestinian government, unless and until the previous conditions are met. No more shuttle diplomacy. No more trips by the Secretary of State or other top officials to Ramallah or Gaza. No more Palestinians officials invited to the White House or State Department. Period.

NO FUNDING — In his 2005 State of the Union address, President Bush called for some $350 million in new aid for the Palestinian Authority. In October, $50 million was transferred to the PA. Not one more dime. All aid should be frozen and all U.S. aid workers in the West Bank and Gaza should be withdrawn. Better yet, the U.S. should redirect Palestinian aid to the Israelis to finish the security fence more quickly and thus prevent more innocent Israelis and Americans from being killed by Hamas suicide bombing attacks, of which there have been 60 in recent years.

President Bush, in a proud moment for the US said Thursday

…that Hamas cannot be partner for Middle East peacemaking without renouncing violence, reiterated that the United States will not deal with Palestinian leaders who do not recognize Israel’s right to exist.

President Bush Joel Rosenberg Hamas Mover Mike


The City of Hillsboro Shows Its Contempt!

After posting about “eminent domain”, here comes an email from the Castle Coalition announcing their new website: www.CastleCoalition.org A new feature is an interactive map of the US. You can click on a state and find out what is going on regarding the use of eminent domain. Lo and behold, I clicked on Oregon and found that we have a case pending in Hillsboro.

The City of Hillsboro has teamed up with private developer Specht Development to build a new, $33.7 million civic center. Part of the facility will serve as City Hall, but most of the planned five-story development consists of residences and offices, with retail shops and other businesses occupying the ground floor and street-level storefronts. The developer and the City will jointly own the civic center, while the developer will manage the 113 affordable-rate apartments and 27 market-rate apartment units, as well as the commercial space. In order to gain ownership of a choice site in the middle of the Hillsboro business district, the City would have to remove the two stable, thriving businesses that already operate there. Terrance Hall owns the building from which he runs a law office, while the Christian Science Reading Room occupies the building next door.1In October 2001, the City Council was set to condemn both properties, but decided at the last minute to delay the resolution after both owners vowed to challenge the takings. Among the deficiencies in the City’s development plan was that the City did not even bother to do a feasibility study looking at the need for the residential, retail and office space in the development. Also, the City made no formal offers to negotiate with either owner before threatening condemnation and made no provision to provide space in the new civic center for occupancy by existing businesses.2

In September 2002, the City Council finally voted to begin eminent domain proceedings. Both Terrance Hall and the Christian Scientists plan to take the City to court to protect their right to stay put.3

1. “Community Snapshot; Owners Argue Against Taking Properties for New City Hall,” The Oregonian (Portland, OR), Oct. 4, 2001, at B2.
2. William E. Dunn, “My Turn; Condemnation for City Building Bad Policy,” The Oregonian (Portland, OR), Oct. 11, 2001, at West Zones 13.
3. David R. Anderson, “Hillsboro Negotiates Deal to Build Civic Center,” The Oregonian (Portland, OR), Sept. 4, 2002, at C2.

Is this just plain arrogance! Imagine no feasiblity study and “no formal offers to negotiate”. To hell with the property owner, let’s just seize it!

Hillsboro, OR eminent domain Mover Mike

Update: RoguePundit reports June 30, 2005:

The Civic Center has since been built and occupied. Hall Law Firm has moved. (With the construction of the new Hillsboro Civic Center, the firm moved three blocks to the east to 400 East Main Street, remaining in close proximity to the courthouse.) and the condemnation of the Christian Science Reading Room was cited in an amicus brief to the Supreme Court in support of Kelo.


No Money, No Eminent Domain!

Really! That’s all it takes.

BB&T Corp., the second-biggest bank in the Washington area, said yesterday that it will not lend money to developers who plan to build commercial projects on land taken from private citizens through the power of eminent domain.”The idea that a citizen’s property can be taken by the government solely for private use is extremely misguided; in fact, it’s just plain wrong,” said John Allison, the bank’s chairman and chief executive officer.

Congratulations BB&T for that stand.

Hopefully, many others will follow suit and recognize that this is not the way business should be done in America.

BB&T Corp. Eminent Domain Mover Mike

Update: Captain’s Quarters has some extensive comments on BB & T


There’s Good News, Tonight!

I just got some good news. No it’s not about GEICO! It’s a new CNNGallup poll:

Most voters now say there’s no way they’d vote for Sen. Hillary Rodham Clinton if she runs for president in 2008 – while just 16 percent are firmly in her camp, a stunning new poll shows.

Hillary Clinton Politics Mover Mike

REFCO and Bawag, Again!

On November 10th in Let’s Just Grandfather It!, I wrote

I didn’t know it then, but on August 25th, when I wrote about “naked shorting” and the problems of Fails to Deliver (FTDs), I would be revisiting the subject again in regards to Refco.

Now The Street.com has once again brought up the subject of REFCO and “PIPES” and Sedona and naked shorting in regards to Bawag, the bank that loaned Bennett $420 Million to pay off his debt to REFCO in Bawag: Austria’s Master Plumber By Matthew Goldstein

But there’s another side to Bawag’s relationship with the fallen brokerage. All four hedge funds affiliated with Bawag were once customers of Refco, and Refco helped each resell some of the cut-rate shares they acquired in PIPEs deals. Two former Refco brokers who worked closely with the Bawag funds are being investigated by securities regulators on allegations they engaged in manipulative trading on behalf of another entity.

[…]

Critics say PIPEs are particularly susceptible to abuse by unscrupulous short-sellers — traders who place market bets that a stock will decline in price — because they usually involve the sale of stock at discounted prices. The stock of a company announcing a PIPEs deal almost always declines as the market adjusts to the influx of new shares and the likelihood that they will be sold for a quick profit.

[…]

One thing regulators are looking for are instances in which an investor learned of a pending PIPEs deal and shorted the issuer’s shares before it was publicly announced. Unlike the sale of discounted shares, this practice is flatly illegal, and it has resulted in enforcement actions over the last two years.

It’s the shorting of shares that is the problem. If you sell short shares you do not own, you need to borrow those shares. You need help to sell shares if they are not borrowed, and you need help by the brokerage firm to avoid delivery problems, thus naked shorts and “fails to deliver”. REFCO and now it appears Bawag, were up to their eyeballs in the stuff.

REFCO Bawag Naked Shorts Fails to Deliver Mover Mike

Joel Stein Does Not Support Our Troops!

Man, I love Joel Stein of the LA Times today. Finally some honesty! He says

I DON’T SUPPORT our troops.

[…]

But I’m not for the war. And being against the war and saying you support the troops is one of the wussiest positions the pacifists have ever taken — and they’re wussy by definition. It’s as if the one lesson they took away from Vietnam wasn’t to avoid foreign conflicts with no pressing national interest but to remember to throw a parade afterward.(emphasis added)

[…]

Besides, those little yellow ribbons aren’t really for the troops. They need body armor, shorter stays and a USO show by the cast of “Laguna Beach.”

The real purpose of those ribbons is to ease some of the guilt we feel for voting to send them to war and then making absolutely no sacrifices other than enduring two Wolf Blitzer shows a day. Though there should be a ribbon for that.

In I Support Our Troops! Period!, I said

Another thing wrong with “I support our troops, but not the war!” That’s BS! War is hell! Accidents happen in war, civilians get killed. Troops who have seen their buddies killed or dragged through the streets can go too far in retaliation. You (who support our troops) are the first to turn on our own. If you must go to war, you want the thing surgical, clean and no body bags. However, you have no morality. You believe the ends justify the means, but you will do anything to avoid the consequences of your actions when things go wrong.

I applaud Stein’s honesty! The liberals could learn from him. Hillary instead of triangulation, tell us you are a socialist, tell us you believe in using the IRS to keep your enemies in line, tell us how you really feel about the war on terror and what we should do. Stand and fight on your beliefs!

Joel Stein Iraq Hillary Clinton Mover Mike

Update: Michelle Malkin

You want loathsome? I nominate LA Times columnist Joel Stein

Update: Hugh Hewitt interviews Joel Stein

Update: Mandelinople

Did anyone seriously believe that those who oppsosed (sic) the war really “supported the troops”.

Update: The Glttering Eye in Portrait of the journalist as a young man quotes G.K. Chesterton:

“The soldier does not kill because he hates what is in front of him but because he loves what is behind him.”.


Chinese Copper Short, Update!

I was reminded about something I wrote about Copper, here, here and here, when I saw that copper was trading at $2.15 $2.23.
Copper Rises to a Record $4,648 a Metric Ton in London Trading

On Nov. 25, 2005, The Wash. Post said

Liu (Qibing) began betting on a drop in the copper price this past spring, when China’s central bank was preventing state banks from lending to real estate developers to prevent inflation. He figured the policy would continue, keeping the clamps on development and limiting the demand for copper. However, under pressure from local governments demanding development, the central bank again turned on the lending taps. A new wave of construction commenced, and with it a surge of demand for copper for wiring in a country that now absorbs roughly one-fifth of the worldwide supply. The price has risen by roughly one-third this year.

[…]

In July and August, when the price was at about $3,300 per ton, Liu agreed to sell roughly 130,000 tons for delivery in December, according to China Daily. This week, copper for delivery in December was trading above $4,200 per ton. Total losses have previously been estimated at $60 million to $200 million.

Some of the experts, when I first wrote about the short position, said their was a surplus of copper and it would soon drop back to $1 a pound. If Liu is still alive, he is still waiting!

Copper China Mover Mike

Update:

METALS BOOM PERSISTS

Tuesday, February 07, 2006 – FreeMarketNews.com

Copper set new record highs above $5,000 a tonne on Tuesday…


Japan Reminds Me of (Gasp) Global Warming!

At the Weather Wars web site is this picture:

Wickedly deep Japanese Snows this winter…

Then the article that follows claims we are at a “tipping point” with a vast expanse of western Sibera, the size of France and Germany combined, undergoing an unprecedented thaw. Over the next 100 years it is estimated that this primarily frozen peat bog will release 700 Million tonnes of carbon into the atmosphere each year, roughly the same amount that is released annually from the world’s wetlands and agriculture. This area has not thawed in 11,000 years. Yes, Siberian thawing has truly massive implications for our weather. However, the article then makes the jump to say it is the fault of humans and specifically the US.

It is pretty hard to take these claims sewriously when we see the picture of Japan and read the headline:

A glacial chill claimed more lives in across Eastern Europe, forcing schools to shut and disrupting public transport as cold cracked rail lines.

I don’t deny that there may be global warming, however the amount of energy directed at the earth by the increased sunspot activity in the last few years, IMO dwarfs anything man is doing.

Global Warming Siberia Mover Mike

Remember the Pueblo?

James G. Zumwalt of the Washington Times has an interesting story, Solving the Pueblo mystery. The USS Pueblo was an intelligence vessel that was seized off the coast of N. Korea in International waters. It happened Jan. 23, 1968, 38 years ago today.

The USS Pueblo followed the North Korean vessels as ordered, but then stopped immediately outside North Korean waters. She was again fired upon, and a US sailor, Seaman Duane Hodges, was killed. She was boarded by men from a torpedo boat and a sub chaser. Crew members had their hands tied, were blindfolded, beaten, and prodded with bayonets

the remaining 82 (crew members) spent 11 months in a prison camp before being released. The Pueblo remains in North Korea — a trophy for Pyongyang and a thorn in the side for the United States.

(Navy Cmdr. Lloyd “Pete”) Bucher, who was wounded when the Pueblo was shelled, was beaten and tortured into signing a confession. During their captivity, crew members said, they were beaten with pieces of lumber, burned on radiators and had their teeth kicked out by North Korean soldiers.

Zumwalt gives a possible answer as to why the ship was seized.

I was in the Army Reserves at the time. We were very nervous that our unit of grunts, 11 Bravos, would be called up and sent to Vietnam or, God forbid, Korea. We had cause for concern. My buddy’s brother-in-law, in the Air Force Reserve was called up and spent the next year in S Korea.

It’s different today. Whether Army Reserves or National Guard, you pretty much know you’ll be called sometime during your hitch. With that in mind, it should be a priority that active reservists are equipped with the same materiel as RAs. Our unit sure wasn’t. I spent the first few days at Ft Lewis in the winter with no fatigue jacket.

USS Pueblo Duane Hodges Mover Mike

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