Month May 2010

Deepwater Horizon tragedy

Rigzone has ongoing coverage by industry professionals including a first-hand account of what happened by a worker on the rig. Among other things, he says the well was notorious for blowing back large amounts of gas, and that’s precisely what…

The scope of corporate drug money laundering

Stuart Bramhall I myself first learned of the involvement of mainstream banks and brokerage houses in the laundering of illicit drug profits back in the late eighties, when long term radio journalist Mae Brussell exposed the Merrill Lynch Pizza Connection.…

California sues former CalPERS officials for fraud

Attorney General Jerry Brown promises more to come, including quite possibly criminal charges. Today, two former high-ranking CalPERS [the California public pension fund] officials were sued for fraud while acting as placement agents for investment firms wanting CalPERS to invest…

Weird weather in Hawaii. And getting weirder

The Kauaian notes how the weather in Hawaii is getting weird, then generalizes. Those who build models of “system dynamics” tell us this weirdness is an expected consequence of the “hockey stick” trends we’re now seeing. Every major geo-physical indicator…