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Tinkering with Earth's climate to chill runaway global warming - a radical idea once dismissed out of hand - is being discussed by the White House as a potential emergency option, the president's new science adviser [John Holdren] said. The concept of using technology to purposely cool the climate is called geoengineering. One option raised by Holdren and proposed by a Nobel Prize-winning scientist includes shooting pollution particles into the upper atmosphere to reflect the sun's rays. Using such an experimental measure is only being thought of as a last resort, Holdren said. "It's got to be looked at," he said. "We don't have the luxury ... of ruling any approach off the table." At first, Holdren characterized the potential need to technologically tinker with the climate as just his personal view. However, he went on to say he has raised it in administration discussions. The 65-year-old physicist is far from alone in taking geoengineering seriously. The National Academy of Sciences is making it the subject of the first workshop in its new climate challenges program for policymakers, scientists and the public. The British Parliament has also discussed the idea. At an international meeting of climate scientists last month in Copenhagen, 15 talks dealt with different aspects of geoengineering. The American Meteorological Society is crafting a policy statement that says "it is prudent to consider geoengineering's potential, to understand its limits and to avoid rash deployment."
Note: For lots more solid evidence showing that secret geoengineering programs already have been and currently are being carried out, click here. Did you know that in his 1978 book Ecoscience, Holdren, Obama's science advisor, also discussed forced mandatory abortions and infertility drugs being added to water systems as ways of controlling the population? Makes you wonder...
During World War I, Americans were exhorted to buy Liberty Bonds to help their soldiers on the front. Now, it seems, they will be asked to come to the aid of their banks — with the added inducement of possibly making some money for themselves. As part of its sweeping plan to purge banks of troublesome assets, the Obama administration is encouraging several large investment companies to create the financial-crisis equivalent of war bonds: bailout funds. The idea is that these investments, akin to mutual funds that buy stocks and bonds, would give ordinary Americans a chance to profit from the bailouts that are being financed by their tax dollars. But there is another, deeply political motivation as well: to quiet accusations that all of these giant bailouts will benefit only Wall Street plutocrats. If, as some analysts suspect, the banks’ assets are worth even less than believed, the funds’ investors could suffer significant losses. Nonetheless, the administration and executives in the financial industry are pushing to establish the investment funds, in part to counter swelling hostility against the financial industry. The embrace of smaller investors underscores the concern in Washington and on Wall Street that Americans’ anger could imperil further efforts to stimulate the economy with vast amounts of government spending. Many Americans say they believe the bailout programs ... will benefit only a golden few, including some of the institutions that helped push the economy to the brink. Critics like Joseph E. Stiglitz, a Nobel Prize-winning economist, argue that the bailouts merely privatize profits and socialize losses.
Note: For a powerfully revealing archive of reports from reliable sources on the hidden realities of the financial bailout, click here.
Annie Leonard, named one of Time magazine's 2008 Environmental Heroes, knows better than most: It's not so easy living green. Leonard created and narrates the international Web documentary phenomenon "Story of Stuff," which summarizes her 20 years of global sleuthing: tracking the source of the stuff we buy and the fate of the stuff we throw away. This lively animated film makes the point that if everyone on Earth consumed at U.S. levels, we would need five planets. Leading by example, Leonard shows how simple steps and a little patience can help people create environmentally friendly, energy-efficient, stuff-free lives. In her cozy Berkeley home, the first clue sits in her driveway: A blue ZENN, or zero emission no noise, electric vehicle. The car is a NEV, or neighborhood electric vehicle, which is a U.S. Department of Transportation classification for speed-limited battery electric vehicles. The car quietly sucks sun power from solar panels on Leonard's roof and only goes 25 mph, which is just fine with her. "I am always racing around, and this forces me to move at a slower pace. I need any help I can get to do that." Leonard didn't go solar just to charge her car. She says she did it to save mountaintops in Appalachia. "ILoveMountains.org uses Google Earth technology to show coal mine destruction of mountains - the environmental and social devastation. It's really intense. You type in your ZIP code and see the lines of power plants supplying your house. There is mountaintop-removal coal going into my grid. I don't want any part of that."
Note: To watch the powerful 20-minute video "The Story of Stuff", click here.
The Federal Deposit Insurance Corporation was set up 76 years ago with the important but simple job of insuring bank deposits. Now, because of what could politely be called mission creep, it’s elbowing its way into the middle of the financial mess as an enabler of enormous leverage. In the fine print of Treasury Secretary Timothy F. Geithner’s plan to lend as much as $1 trillion to private investors to help them buy toxic assets from our nation’s banks, you’ll find some details of how the F.D.I.C is trying to stabilize the system by adding more risk, not less, to the system. It’s going to be insuring 85 percent of the debt, provided by the Treasury, that private investors will use to subsidize their acquisitions of toxic assets. These loans, while controversial, were given a warm welcome by the market when they were first announced. And why not? The terms are hard to beat. They are, for example, “nonrecourse,” which means that if an investor loses money, he owes taxpayers nothing. It’s the closest thing to risk-free investing — with leverage! — around. But, as we’ve learned the hard way these last couple of years, risk-free investing is an oxymoron. So where did the risk go this time? To the F.D.I.C., and ultimately, to us taxpayers. A close reading of the F.D.I.C.’s statute suggests the agency is using a unique — some might call it plain wrong — reading of its own rule book to accomplish this high-wire act. Somehow, in the name of solving the financial crisis, the F.D.I.C. has seemingly been given a blank check, with virtually no oversight by Congress.
Note: For a powerfully revealing archive of reports from reliable sources on the hidden realities of the financial bailout, click here.
Medical personnel were deeply involved in the abusive interrogation of terrorist suspects held overseas by the Central Intelligence Agency, including torture, and their participation was a “gross breach of medical ethics,” a long-secret report by the International Committee of the Red Cross concluded. Based on statements by 14 prisoners who belonged to Al Qaeda and were moved to Guantánamo Bay, Cuba, in late 2006, Red Cross investigators concluded that medical professionals working for the C.I.A. monitored prisoners undergoing waterboarding, apparently to make sure they did not drown. Medical workers were also present when guards confined prisoners in small boxes, shackled their arms to the ceiling, kept them in frigid cells and slammed them repeatedly into walls, the report said. Facilitating such practices, which the Red Cross described as torture, was a violation of medical ethics even if the medical workers’ intentions had been to prevent death or permanent injury, the report said. But it found that the medical professionals’ role was primarily to support the interrogators, not to protect the prisoners, and that the professionals had “condoned and participated in ill treatment.” At times, according to the detainees’ accounts, medical workers “gave instructions to interrogators to continue, to adjust or to stop particular methods.” The Red Cross report was completed in 2007. It was obtained by Mark Danner, a journalist who has written extensively about torture, and posted Monday night with an article by Mr. Danner on the Web site of The New York Review of Books.
Note: Much of content of the Red Cross report was revealed in a March article by Mr. Danner and in a 2008 book, The Dark Side, by Jane Mayer, but the reporting of the Red Cross investigators’ conclusions on medical ethics and other issues are new.
Tiny red and gray chips found in the dust from the collapse of the World Trade Center contain highly explosive materials — proof, according to a former BYU professor, that 9/11 is still a sinister mystery. Physicist Steven E. Jones, who retired from Brigham Young University in 2006 after the school recoiled from the controversy surrounding his 9/11 theories, is one of nine authors on a paper published last week in the online, peer-reviewed Open Chemical Physics Journal. Also listed as authors are BYU physics professor Jeffrey Farrer and a professor of nanochemistry at the University of Copenhagen in Denmark. For several years, Jones has theorized that pre-positioned explosives, not fires from jet fuel, caused the rapid, symmetrical collapse of the two World Trade Center buildings, plus the collapse of a third building, WTC-7. The newest research, according to the journal authors, shows that dust from the collapsing towers contained a "nano-thermite" material that is highly explosive. A layer of dust lay over parts of Manhattan immediately following the collapse of the towers, and it was samples of this dust that Jones and fellow researchers requested in a 2006 paper, hoping to determine "the whole truth of the events of that day." They eventually tested four samples they received from New Yorkers. Red/gray chips ... were found in all four dust samples. The chips were then analyzed using scanning electron microscopy and other high-tech tools. The red layer of the chips, according to the researchers, contains a "highly energetic" form of thermite.
Note: For the full text of this path-breaking scientific report, click here. Note that other major media failed to pick up this important news, though you can watch a Dutch news report (with English subtitles) on YouTube available here. For more key reports on the cutting-edge research of Prof. Steven Jones, click here.
President Obama must stop the bailouts and start the prosecutions. It's time to focus on anti-poverty programs to protect the growing unemployed from hunger and homelessness. Stealth payments to billionaire bondholders must cease immediately. Since the mid-1970s, average Americans' wages have stayed flat when adjusted for inflation. Productivity rose, profits rose, but not wages. To compensate for stagnant wages and the desire to consume more each year, Americans worked more, retired later, spouses went to work, and many burned savings. Then they started borrowing. Debt became America's growth industry. The scheme collapsed because Americans' wages weren't sufficient to pay the interest on existing debts. The administration and the banks keep talking about a credit crisis, but there isn't one. Banks are lending. If you want a mortgage and can afford to pay it back, you can borrow at low rates today. But most Americans don't want more debt because it is a debilitating path to poverty. The average American family already pays 14 percent of annual income in interest to banks. To fix this fake crisis, there are fake discussions about what the government must do. The endlessly recycled plan to buy "troubled" assets isn't to get banks lending again, because they haven't stopped lending. The plan seeks for taxpayers to buy worthless assets at high prices to absorb rich investors' losses. That's it. It keeps coming back as a different plan, but with that same goal. There is no goal beyond that one goal: keep rich people from taking losses.
Note: For an extensive archive of key reports on the hidden realities of the Wall Street bailout, click here.
Area 51. It's the most famous military institution in the world that doesn't officially exist. If it did, it would be found about 100 miles outside Las Vegas in Nevada's high desert. Then again, maybe not — the U.S. government refuses to say. You can't drive anywhere close to it, and until recently, the airspace overhead was restricted — all the way to outer space. Any mention of Area 51 gets redacted from official documents, even those that have been declassified for decades. It has become the holy grail for conspiracy theorists, with UFOlogists positing that the Pentagon reverse engineers flying saucers and keeps extraterrestrial beings stored in freezers. Urban legend has it that Area 51 is connected by underground tunnels and trains to other secret facilities around the country. Well, now, for the first time, someone is ready to talk — in fact, five men are, and their stories rival the most outrageous of rumors. Colonel Hugh "Slip" Slater, 87, was commander of the Area 51 base in the 1960s. Edward Lovick, 90, ... spent three decades radar testing some of the world's most famous aircraft. Kenneth Collins, 80, a CIA experimental test pilot, was given the silver star. Thornton "T.D." Barnes, 72, was an Area 51 special-projects engineer. And Harry Martin, 77, was one of the men in charge of the base's half-million-gallon monthly supply of spy-plane fuels. As for the underground-tunnel talk ... Barnes worked on a nuclear-rocket program ... in Area 51's backyard. "Three test-cell facilities were connected by railroad, but everything else was underground," he says.
Note: So the government has been lying to us for 50 years about Area 51 and underground research there. What else are they lying to us about? For a more powerful, incisive article on this development, click here. And why isn't this getting more coverage? For another report showing major media cover-up of UFOs, click here.
The Obama administration’s proposals to reform financial regulation sound ambitious enough as they aim to bring companies like A.I.G. under a broader umbrella of government rule-making and scrutiny. But there is a big hole in these proposals, as there has already been in the government’s approach to bailing out failing financial companies. Even as they focus on firms deemed too big to fail, the new proposals immunize the creditors and counterparties of such firms by protecting them from their own lending and trading mistakes. This pattern has been evident for months, with the government aiding creditors and counterparties every step of the way. Yet this has not been explained openly to the American public. In truth, it’s not the shareholders of the American International Group who benefited most from its bailout; they were mostly wiped out. The great beneficiaries have been the creditors and counterparties at the other end of A.I.G.’s derivatives deals — firms like Goldman Sachs, Merrill Lynch, Deutsche Bank, Société Générale, Barclays and UBS. These firms engaged in deals that A.I.G. could not make good on. The bailout, and the regulatory regime outlined by Timothy F. Geithner, the Treasury secretary, would give firms like these every incentive to make similar deals down the road. In both the bailouts and in the new proposals, the government is effectively neutralizing creditors as a force for financial safety. This suggests a scary possibility — that the next regulatory regime could end up even worse than the last.
Note: For a powerfully revealing archive of reports from reliable sources on the hidden realities of the financial bailout, click here.
A small but growing number of cash-strapped communities are printing their own money. Borrowing from a Depression-era idea, they are aiming to help consumers make ends meet and support struggling local businesses. The systems generally work like this: Businesses and individuals form a network to print currency. Shoppers buy it at a discount — say, 95 cents for $1 value — and spend the full value at stores that accept the currency. Ed Collom, a University of Southern Maine sociologist who has studied local currencies, says they encourage people to buy locally. Merchants, hurting because customers have cut back on spending, benefit as consumers spend the local cash. "We wanted to make new options available," says Jackie Smith of South Bend, Ind., who is working to launch a local currency. "It reinforces the message that having more control of the economy in local hands can help you cushion yourself from the blows of the marketplace." About a dozen communities have local currencies, says Susan Witt, founder of BerkShares in the Berkshires region of western Massachusetts. She expects more to do it. Under the BerkShares system, a buyer goes to one of 12 banks and pays $95 for $100 worth of BerkShares, which can be spent in 370 local businesses. Since its start in 2006, the system, the largest of its kind in the country, has circulated $2.3 million worth of BerkShares. During the Depression, local governments, businesses and individuals issued currency, known as scrip, to keep commerce flowing when bank closings led to a cash shortage."
In Season 5 of “Rescue Me,” which begins Tuesday on FX, the specter of 9/11 becomes a major character once again, when a French journalist starts interviewing firefighters about their experiences for a commemorative book. This season one major character will become seriously ill with cancer apparently caused by his work at ground zero. Another, Franco Rivera (Daniel Sunjata), will articulate his ... belief that 9/11 was “an inside job,” the result of “a massive neoconservative government conspiracy” that was designed to increase American power by creating a pretext for seizing control of the world’s oil supplies — a view Mr. Sunjata himself happens to share. “The reason we wrote it,” Mr. Tolan said, “is that Danny was spouting this stuff and even some of the guys, the firefighters on the set, were saying ‘What is this?’ We saw how divisive this was and thought: We have to do this.” Mr. Sunjata admits to some trepidation about how the show’s audience will react to the story line. “I won’t say that my opinions were warmly received on the set,” he said. “At one point I thought, ‘Maybe I’ll get fired if I keep opening my mouth.’ But even though Peter and Denis didn’t sign on to this conspiracy, they were brave enough to include it in the show. I give them and FX and Fox — I never thought I’d say this — a big round of applause.” Mr. Sunjata certainly had reason to fear losing his job, since “Rescue Me” has never been timid about dispatching major characters.
Note: To read why hundreds of professors and professionals agree with Daniel Sunjata, click here and here.
Fannie Mae and Freddie Mac, the two troubled companies at the heart of the nation’s mortgage market, are set to pay their employees “retention bonuses” totaling $210 million, despite calls from lawmakers to cancel the payments. The bonuses, which were made public on Friday, were defended by the companies’ federal regulator, James B. Lockhart, who said he intended to let them proceed. In a letter sent last week to Senator Charles E. Grassley, an Iowa Republican, Mr. Lockhart disclosed that 7,600 Fannie and Freddie workers were scheduled to receive payouts aimed at retaining those “employees most critical to keep and difficult to replace.” Under the plan, 213 employees will receive retention bonuses worth more than $100,000 this year, and one Freddie Mac executive will receive $1.3 million. Those figures drew sharp rebukes from Mr. Grassley and other lawmakers, who noted that Fannie and Freddie had received pledges of $400 billion from taxpayers to offset huge losses since they were seized by the government in September. Similar bonuses paid by the American International Group, which was also bailed out by taxpayers, incited fiery attacks from the White House and legislators when they were revealed last month. “It’s hard to see any common sense in management decisions that award hundreds of millions in bonuses when their organizations lost more than $100 billion in a year,” Mr. Grassley said in a statement. “It’s an insult that the bonuses were made with an infusion of cash from taxpayers.”
Note: For many revealing reports on the realities behind the Wall Street bailouts, click here.
A federal judge ruled on Thursday that some prisoners held by the United States military in Afghanistan have a right to challenge their imprisonment, dealing a blow to government efforts to detain terrorism suspects for extended periods without court oversight. In a 53-page ruling that rejected a claim of unfettered executive power advanced by both the Bush and Obama administrations, United States District Judge John D. Bates said that three detainees at the United States’ Bagram Air Base had the same legal rights that the Supreme Court last year granted to prisoners held at the American naval base in Guantánamo Bay, Cuba. The three detainees — two Yemenis and a Tunisian — say that they were captured outside Afghanistan and taken to Bagram, and that they have been imprisoned for more than six years without trials. Arguing that they were not enemy combatants, the detainees want a civilian judge to review the evidence against them and order their release, under the constitutional right of habeas corpus. The importance of Bagram as a holding site for terrorism suspects captured outside Afghanistan and Iraq has increased under the Obama administration, which prohibited the Central Intelligence Agency from using its secret prisons for long-term detention and ordered the military prison at Guantánamo closed within a year. The administration had sought to preserve Bagram as a haven where it could detain terrorism suspects beyond the reach of American courts, telling Judge Bates in February that it agreed with the Bush administration’s view that courts had no jurisdiction over detainees there.
Note: For key articles from major media sources on threats to civil liberties, click here.
Lawrence H. Summers, the top economic adviser to President Obama, earned more than $5 million last year from the hedge fund D. E. Shaw and collected $2.7 million in speaking fees from Wall Street companies that received government bailout money, the White House disclosed. Mr. Summers, the director of the National Economic Council, wields important influence over Mr. Obama’s policy decisions for the troubled financial industry, including firms from which he recently received payments. Last year, he reported making 40 paid appearances, including a $135,000 speech to the investment firm Goldman Sachs, in addition to his earnings from the hedge fund, a sector the administration is trying to regulate. Mr. Summers’s role at the White House includes advising Mr. Obama on whether — and how — to tighten regulation of hedge funds, which engage in highly sophisticated financial trading that many analysts have said contributed to the economic collapse. Mr. Summers ... appeared before large Wall Street companies like Citigroup ($45,000), J. P. Morgan ($67,500) and the now defunct Lehman Brothers ($67,500), according to his disclosure report. While Mr. Obama campaigned on a pledge to restrict lobbyists from working in the White House, a step intended to reduce any influence between the administration and corporations, the ban did not apply to former executives like Mr. Summers, who was not a registered lobbyist. In 2006, he became a managing director of D. E. Shaw, a firm that manages about $30 billion in assets, making it one of the biggest hedge funds in the world.
Note: For many revealing reports on the realities behind the Wall Street bailouts, click here.
BILL MOYERS: For months now, revelations of the wholesale greed and blatant transgressions of Wall Street have reminded us that "The Best Way to Rob a Bank Is to Own One." In fact, the man you're about to meet wrote a book with just that title. Bill Black, ... what's your definition of fraud? WILLIAM K. BLACK: Fraud is deceit. And the essence of fraud is, "I create trust in you, and then I betray that trust, and get you to give me something of value." And as a result, there's no more effective acid against trust than fraud, especially fraud by top elites, and that's what we have. Well, The way that you do it is to make really bad loans, because they pay better. Then you grow extremely rapidly, in other words, you're a Ponzi-like scheme. And the third thing you do is we call it leverage. That just means borrowing a lot of money, and the combination creates a situation where you have guaranteed record profits in the early years. That makes you rich, through the bonuses that modern executive compensation has produced. It also makes it inevitable that there's going to be a disaster down the road. BILL MOYERS: So you're ... saying that CEOs of some of these banks and mortgage firms in order to increase their own personal income, deliberately set out to make bad loans? WILLIAM K. BLACK: Yes. BILL MOYERS: If I wanted to go looking for the parties to this, with a good bird dog, where would you send me? WILLIAM K. BLACK: Well, that's exactly what hasn't happened. We haven't looked, all right? You'd look at the specialty lenders. The lenders that did almost all of their work in the sub-prime and what's called Alt-A, liars' loans.
Note: William K. Black is the former senior regulator who cracked down on banks during the savings and loan crisis of the 1980s. He is now an Associate Professor of Economics and Law at the University of Missouri. The video of this fascinating interview is available here. For a powerfully revealing archive of reports from reliable sources on the hidden realities of the financial bailout, click here.
The world is a step closer to a global currency, backed by a global central bank, running monetary policy for all humanity. A single clause in Point 19 of the communiqué issued by the G20 leaders amounts to revolution in the global financial order. "We have agreed to support a general SDR allocation which will inject $250bn (Ł170bn) into the world economy and increase global liquidity," it said. SDRs are Special Drawing Rights, a synthetic paper currency issued by the International Monetary Fund that has lain dormant for half a century.In effect, the G20 leaders have activated the IMF's power to create money and begin global "quantitative easing". In doing so, they are putting a de facto world currency into play. It is outside the control of any sovereign body. Conspiracy theorists will love it. There is now a world currency in waiting. In time, SDRs are likely evolve into a parking place for the foreign holdings of central banks, led by the People's Bank of China. Beijing's moves this week to offer $95bn in yuan currency swaps to developing economies show how fast China aims to break dollar dependence.
Note: For an extensive archive of key reports on the hidden realities of the Wall Street bailout, click here.
A once-obscure accounting rule that infuriated banks ... was changed Thursday to give banks more discretion in reporting the value of mortgage securities. The change seems likely to allow banks to report higher profits by assuming that the securities are worth more than anyone is now willing to pay for them. But critics objected that the change could further damage the credibility of financial institutions by enabling them to avoid recognizing losses from bad loans they have made. Critics also said that since the rules were changed under heavy political pressure, the move compromised the independence of the organization that did it, the Financial Accounting Standards Board. During the financial crisis, the market prices of many securities, particularly those backed by subprime home mortgages, have plunged to fractions of their original prices. That has forced banks to report hundreds of billions of dollars in losses over the last year, because some of those securities must be reported at market value each three months, with the bank showing a profit or loss based on the change. At first FASB ... resisted making changes, but that changed within a few days of a Congressional hearing at which legislators from both parties demanded the board act. “There is a perception that we are yielding to political pressure,” one board member, Lawrence W. Smith, said as he voted for the changes. A group headed by two former chairmen of the Securities and Exchange Commission, one who served under President Bill Clinton and one who was appointed by President George W. Bush, said that it feared that politicization of accounting standards would destroy the credibility of the board.
Note: For many revealing reports on the realities behind the Wall Street bailouts, click here.
NATO leaders gathered here Friday to celebrate the 60th anniversary of [the] alliance ... also must face the harsh reality that NATO’s first military mission outside Europe is failing in a way that risks fracturing the alliance. Obama, [by] increasing American troops in Afghanistan to some 68,000 by the end of the year from 38,000 today, is also likely to significantly Americanize an operation that in recent years had been divided equally between American troops and allied forces. By year’s end, American troops will outnumber allied forces by at least two to one. His NATO allies are giving ... him very few new troops on the ground, underlining the fundamental strains in the alliance. The allies will offer more funds but no more than several thousand new personnel members, according to alliance military planners. Many of those will not be soldiers, but police trainers to meet a central pillar of the president’s new Afghan strategy, which focuses on an expansion of Afghan security forces. But even for the small numbers of European combat reinforcements, check the fine print: Nearly all will be sent to provide security for Afghanistan’s elections this summer, and will not be permanently deployed. Defense Secretary Robert M. Gates and his British counterpart, John Hutton, have publicly warned that the performance of some European troops demonstrates that NATO risks slipping toward a two-tiered alliance. In that event, it would be divided between those that can and will fight, like Britain, Canada, France and Poland, and those that cannot or will not because of public opinion at home.
Note: Why does the U.S. need a strong presence in Afghanistan? Obama is clearly giving in to the military/industrial complex by pouring billions of tax dollars into operations in this country where military contractors can reap huge profits. For the comments of a top U.S. general revealing the deeper reasons behind war, click here. For further important revelations from reliable sources about the wars in Iraq and Afghanistan, click here.
Chinese leaders have adopted a plan aimed at turning the country into one of the leading producers of hybrid and all-electric vehicles within three years, and making it the world leader in electric cars and buses after that. The goal, which radiates from the very top of the Chinese government, suggests that Detroit’s Big Three, already struggling to stay alive, will face even stiffer foreign competition on the next field of automotive technology than they do today. To some extent, China is making a virtue of a liability. It is behind the United States, Japan and other countries when it comes to making gas-powered vehicles, but by skipping the current technology, China hopes to get a jump on the next. The United States has been a laggard in alternative vehicles. G.M.’s plug-in hybrid Chevrolet Volt is scheduled to go on sale next year, and will be assembled in Michigan using rechargeable batteries imported from LG in South Korea. China’s intention, in addition to creating a world-leading industry that will produce jobs and exports, is to reduce urban pollution and decrease its dependence on oil, which comes from the Mideast and travels over sea routes controlled by the United States Navy. Beyond manufacturing, subsidies of up to $8,800 are being offered to taxi fleets and local government agencies in 13 Chinese cities for each hybrid or all-electric vehicle they purchase. China wants to raise its annual production capacity to 500,000 hybrid or all-electric cars and buses by the end of 2011, from 2,100 last year.
Note: For lots more on new developments in auto and energy technologies from reliable sources, click here.
For the first time, MIT researchers have shown they can genetically engineer viruses to build both the positively and negatively charged ends of a lithium-ion battery. The new virus-produced batteries have the same energy capacity and power performance as state-of-the-art rechargeable batteries being considered to power plug-in hybrid cars, and they could also be used to power a range of personal electronic devices, said Angela Belcher, the MIT materials scientist who led the research team. The new batteries ... could be manufactured with a cheap and environmentally benign process: The synthesis takes place at and below room temperature and requires no harmful organic solvents, and the materials that go into the battery are non-toxic. In a traditional lithium-ion battery, lithium ions flow between a negatively charged anode, usually graphite, and the positively charged cathode, usually cobalt oxide or lithium iron phosphate. Three years ago, an MIT team led by Belcher reported that it had engineered viruses that could build an anode by coating themselves with cobalt oxide and gold and self-assembling to form a nanowire. In the latest work, the team focused on building a highly powerful cathode to pair up with the anode. Cathodes are more difficult to build than anodes because they must be highly conducting to be a fast electrode. Most candidate materials for cathodes are highly insulating (non-conductive). To achieve that, the researchers ... genetically engineered viruses that first coat themselves with iron phosphate, then grab hold of carbon nanotubes to create a network of highly conductive material.
Note: For many reports from major media sources on promising new energy technologies, click here.
Important Note: Explore our full index to key excerpts of revealing major media news articles on several dozen engaging topics. And don't miss amazing excerpts from 20 of the most revealing news articles ever published.