Archive for September 29th, 2005


Fire season comes to southern California


The monster rains of last winter meant huge amounts of new brush grew in the mountains. Yesterday the Santa Ana winds blew. They come from the east, from the deserts, and are gusty and bone dry, plus it was 96. There were several fires. It’s difficult to tell from this photo of the northwestern San Fernando Valley, but there appear to be at least three separate fires burning, judging from the plumes of smoke (or maybe they are the hotspots in one big fire.)

It’s the brush in the mountains that does it. It is tinder dry and it’s not unusual for it to be 4-6 feet tall and impenetrable to walk through. Couple that with steep mountainsides, few roads, and you can understand how hard these fires can be to put out. Until they reach populated areas that is, then there are roads - and then it gets much more dangerous.

PS Today the Santa Anas aren’t blowing as much but it’ll be 103. (By Sunday it’s supposed to be a mere 80, we shall see.)

Updates: The fire has burned over 17,000 acres, thus the photo is of one fire. 5% contained as of 3:30 PT.

6:00 pm. The winds have shifted, blowing the smoke directly into the San Fernando Valley. The sky in the west is filled with smoke, ashes are falling, the smell of smoke is everywhere. And we’re probably 8 miles due east of the fire. This is a big fire.

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Arctic ice meltdown continues rapid pace


Arctic sea ice has melted back farther
this year than in 25 years of satellite monitoring, marking the fourth
consecutive summer with “a stunning reduction” in the polar pack north
of Alaska, Asia and Europe, according to scientists at the National
Snow and Ice Data Center and NASA.




Combined with record or near record
declines since 2002, the ice appears to be slipping into a long-term
meltdown that may be slowly accelerating as the summer sun pumps more
and more heat into the green-dark surface of the sea.

Even Big Money realizes the seriousness of the problem. But not BushCo, they’re still in (criminal) denial.

Firms including
Goldman Sachs Group Inc. and JPMorgan Chase & Co. are telling U.S.
clients for the first time that climate change poses financial risks.
With damage estimates for Hurricanes Katrina and Rita as high as $200
billion, an increasing number of investors are joining public pension
funds in urging action on global warming, which some scientists say may
be making storms more powerful.

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Joke of the Day

What did Bush say when asked his opinion of Roe vs. Wade?

“Well, I don’t care how they get out of New Orleans.”

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Harbingers

Reserve Bank of Australia warns of ‘meltdown’

The Reserve Bank of
Australia warned yesterday that the current calm in financial markets
could be the prelude to a storm that could wreak havoc in the world
economy.

The RBA believes the boom in markets for shares, bonds and housing in many countries is unsustainable.

When central banks start getting twitchy, well…

China starts to float its currency

NYT. China began to
appreciate its currency. The BIG question: will China dump its $750
billion in US treasuries? I suspect they will (at minimum, they will
diversify it into the basket of currencies that define the new float).
If they don’t, they are flushing the value of these bonds down the
toilet and they will unable to maintain the new float.

China (and Japan) own huge amounts of US treasuries. If they sell them,
it will drive the price down. Thus, the US will need to raise the
interest rate on the treasuries to attract new buyers. Among other
things, this means higher interest rates overall, precisely what the
real estate market doesn’t want.
 
Gasoline, crude oil surge on signs U.S. supplies will plunge

Gasoline and crude
oil surged on speculation that inventories will decline after Hurricane
Rita shut refineries and offshore platforms. Natural gas soared 9.9
percent to a record on concern another storm will strike.

Contrast this with the reporting the day after Rita when mainstream
media tripped over themselves saying how peachy it was because we
dodged the bullet.

Peak for California housing said to be near

Slowing price increases in California may cause a recession by 2007, UCLA economists say.

And finally

SUV demand plummets

John Mathews of
Universal Toyota in San Antonio has witnessed the day that auto
industry executives in Detroit said would never come.

“We are seeing people who are driving $40,000 Suburbans trading them in on $15,000 Corollas,”

‘Bout time!

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Arrogance and stupidity is such a bad mix

Brown bristles at blame: “I know what I’m doing”

The former FEMA director says fault lies with his bosses, the Louisiana governor, the New Orleans mayor, the media and victims.

Golly, he was only head of FEMA, how could he be responsible for
anything? Lordy, what a whiny, petulant loser, banging his rattle on
the high chair, insisting he is blameless.

PS FEMA’s Brown was warned early of shortages

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