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East Coast May Feel Rise in Sea Levels the Most

Sea levels could rise faster along the U.S. East Coast than in any other densely populated part of the world, new research shows, as changes in ice caps and ocean currents push water toward a shoreline inlaid with cities, resort boardwalks and gem-rare habitats.

Three studies this year, including one out last month, have made newly worrisome forecasts about life along the Atlantic over the next century. While the rest of the world might see seven to 23 inches of sea-level rise by 2100, the studies show this region might get that and more – 17 to 25 inches more – for a total increase that would submerge a beach chair.

Source: Washington Post  

Military spending sets new record

Global military spending rose 4% in 2008 to a record $1,464bn (£914bn) - up 45% since 1999, according to the Stockholm-based peace institute Sipri.

In contrast with civilian aerospace and airlines, the defence industry remains healthy.

“The global financial crisis has yet to have an impact on major arms companies’ revenues, profits and order backlogs,” Sipri said.

Source: BBC  

Is Your Portfolio Ready for Hyperinflation?

There are plenty of reasons to be worried about the risk of inflation. No wonder “Black Swan” author Nassim Nicholas Taleb and Universa Investments’ Mark Spitznagel are launching a new fund to bet on it. They’re looking to gamble on likely inflation winners, like commodities and perhaps gold, and against the most likely loser – Treasury bonds. (Bonds fall when inflation and interest rates rise.)

Source: Wall Street Journal  

Civil Rights

May 27

Supreme Court: Suspects can be interrogated without lawyer

The Supreme Court on Tuesday overturned a long-standing ruling that stopped police from initiating questions unless a defendant’s lawyer was present, a move that will make it easier for prosecutors to interrogate suspects.

The high court, in a 5-4 ruling, overturned the 1986 Michigan v. Jackson ruling, which said police may not initiate questioning of a defendant who has a lawyer or has asked for one unless the attorney is present. The Michigan ruling applied even to defendants who agreed to talk to the authorities without their lawyers.

The court’s conservatives overturned that opinion, with Justice Antonin Scalia saying “it was poorly reasoned.”

Source: AP  

War on Terror

May 25

FBI ‘lured dimwits’ into terror plot

ON the steps of New York city hall on Friday, Michael Bloomberg, the mayor, praised the police officers and federal agents who helped disrupt an apparent terrorist plot to blow up a synagogue and shoot down military aircraft.

The mayor was flanked by more than 100 homeland security and counter-terrorist specialists, all of whom had a hand in an elaborate sting that netted four alleged Muslim extremists. Their plan, according to FBI agents, was to detonate a “fireball that would make the country gasp”.

“This whole operation was a foolish waste of time and money,” claimed Terence Kindlon, a defence lawyer who represented the last terror suspect to be tried in New York state. “It is almost as if the FBI cooked up the plot and found four idiots to install as defendants.”

Source: Times Online  
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