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Day of reckoning looms for the U.S. dollar

The U.S. dollar’s day of reckoning may be inching closer as its status as a safe-haven currency fades with every uptick in stocks and commodities and its potential risks - debt and inflation - are brought under a harsher spotlight.

Ashraf Laidi, chief market strategist at CMC Markets, said Wednesday a “serious case of dollar damage” was underway.

“We long warned about the day of reckoning for the dollar emerging at the next economic recovery,” Mr. Laidi said in a note.

Source: Financial Post  

The Case of the Missing H-Bomb

60 years have passed since a damaged jet dropped a hydrogen bomb near Savanah, Ga. – and the Pentagon still can’t find it.

Things go missing. It’s to be expected. Even at the Pentagon. Last October, the Pentagon’s inspector general reported that the military’s accountants had misplaced a destroyer, several tanks and armored personnel carriers, hundreds of machine guns, rounds of ammo, grenade launchers and some surface-to-air missiles. In all, nearly $8 billion in weapons were AWOL.

Those anomalies are bad enough. But what’s truly chilling is the fact that the Pentagon has lost track of the mother of all weapons, a hydrogen bomb. The thermonuclear weapon, designed to incinerate Moscow, has been sitting somewhere off the coast of Savannah, Georgia for the past 40 years. The Air Force has gone to greater lengths to conceal the mishap than to locate the bomb and secure it.

Drugs

May 14

White House drug czar calls for end to ‘war on drugs’

“The Obama administration’s new drug czar says he wants to banish the idea that the U.S. is fighting ‘a war on drugs,’ a move that would underscore a shift favoring treatment over incarceration in trying to reduce illicit drug use,” the Wall Street Journal reported Thursday.

“Regardless of how you try to explain to people it’s a ‘war on drugs’ or a ‘war on a product,’ people see a war as a war on them,” he told the paper. “We’re not at war with people in this country.”

Kerlikowske’s statement signals the Obama administration is likely to moderate a policy that has taken heat from social activists, as effectively targeting poor and minority Americans. “Prior administrations talked about pushing treatment and reducing demand while continuing to focus primarily on a tough criminal-justice approach,” the Journal adds.

Source: Rawstory  

Brain scanning may be used in security checks

Distinctive brain patterns could become the latest subject of biometric scanning after EU researchers successfully tested technology to verify ­identities for security checks.

The experiments, which also examined the potential of heart rhythms to authenticate individuals, were conducted under an EU-funded inquiry into biometric systems that could be deployed at airports, borders and in sensitive locations to screen out terrorist suspects.

Another series of tests fitted a “sensing seat” to a truck to record each driver’s characteristic seated posture in an attempt to spot whether commercial vehicles had been hijacked.

Source: Guardian UK  

Getting Rid Of Your Grocer

Consumers seeking a healthy lifestyle these days are increasingly cutting out the supermarket and going straight to the farmer for fresh fruits and vegetables. CBS News correspondent Kelly Cobiella reports that community-supported agriculture is a growing trend.

On a small farm in Palm Beach County, Fla., it’s harvesting season. They’re picking and packing. Only this bounty isn’t headed for a big warehouse or grocery store.

It’s going from Nancy Roe’s fields straight to Florida kitchens. From field to table. No stops in between.

Source: CBS News  
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