The Banksters Balls It Up Again!

“Fight Against Stupidity And Bureaucracy”

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I wrote a post a few weeks ago about the effect that low oil prices would have on the banks. (Click here if you want to read it.) and another the week before last about the reasons for the decline in the oil price (click here if you want to read that)

As they always do, the idiots that run these financial institutions saw something they thought was going to last forever and threw their money and their clients’ money at it without reason.

Nowhere was this type of recklessness more apparent than during the sub-prime fraud when the banksters lent money to people who clearly could not afford it and then sold on those loans as bogus ‘AAA’ securities to their wealthy customers and other buyers who mistakenly thought that the banks would not try to con them.

cartoon happy banker

Well the banks have done more or less the same today.

Banks have been lending hand over fist to oil companies and those who service the energy sector. They have lent billions of dollars that  –  now the oil price has plummeted  –  has no chance of being paid back. They have underwritten bonds, lent money on expensive fracking operations and even financed the speculative building of homes for oil workers.

It was good while it lasted. But it didn’t last long!

In the 1980s something similar happened when energy prices also slumped. Texas was particularly hard hit and many banks either collapsed or had to be rescued because of their bad loans to oil companies and to local real estate developers speculating on the oil boom.

It’s going to happen again.

The bankster’s greed and stupidity means that their banks are going to take another financial hit, they are going to lose more of their customers’ money. Time for another round of big bonuses, if the last disaster is anything to go by!

Obviously they have been too stupid to learn from the past. Not surprising really.

cartoon sad banker

But the big question is what will government do this time?

Has it learned anything?

Will the government let the banks suffer the consequences of their own stupidity, as they should have when the sub-prime catastrophe hit?

Or will they again use OUR money to bail the banks out, making some nonsense excuse that these companies “are too big to allow to go under”?

And we are talking about BIG banks. Wells Fargo, for example, a huge financial powerhouse, made approximately 15 percent of its investment banking revenue from the oil and gas industry during 2014. Another biggie, Citigroup, was much the same, with this sector accounting for around 12 percent.

And it’s not just in America that the pain is being felt this time.

In Canada, which largely avoided the worst of the sub-prime debacle, some of their leading banks could face an even sharper decline in revenues, so reliant is the whole country on the energy and resources sectors. One of Canada’s biggest banks, Scotiabank, derives approximately 35 percent of its investment banking revenue from oil and gas companies, according to 2014 figures.

wall_street_crooks

Then there’s Wall Street.

Usually they make loans like these and sell them off to unsuspecting investors, however, with the very public fall in oil prices that everyone knows about, firms that financed energy deals are now finding it harder to offload this debt.

As an example of their problems, according to a recent NYT report, Morgan Stanley, was among a group of banks that made $850 million of loans to Vine Oil and Gas, an affiliate of Blackstone, a private equity firm. They are still trying to sell on that debt, but no one is buying. Goldman Sachs and UBS led a $220 million loan last year to the private equity firm Apollo Global Management to buy Express Energy Services. Not all that debt has been sold to other investors either so they are left holding that baby too.

That’s only loans to the oil companies and speculators. Some of the worst loans made by the banks have been to a multitude of companies that provide services to the oil industry. Some of these services companies, lured by the oil boom, are relatively new and/or small and probably under-capitalized so their debt burden can quickly drag them under when projected profits fail to materialize.

Naturally you can expect that the banksters will use all their lobbying and political power to make sure the government steps in again.

But the truth is the government really does not need to (they didn’t the last time either). The ‘to-big-to-fail’ banks may lose on their energy bets, but they will recoup a lot of that money from ordinary people like you and I.

Lower oil prices means that we need less cash to fill up our gas tanks or heat our homes, so the chances are we will feel a bit freer to use that credit card or maybe even take out a mortgage.

Of course, for the banksters that’s a slow way to riches. They want that business for sure, but they will also want the government to write off their other bad loans too.

Let’s see what happens this time.

collapsing bank sign

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Happy Birthday Dot.Com

“Fight Against Stupidity And Bureaucracy”

dot com

Yesterday I was looking through the windows. Today it’s dot coms.

Technically I’m a week late but I thought I would wish good old Dot.Com many happy returns anyway.

Thirty years ago, on March 15th 1985, the first dot.com domain name was registered. It was symbolics.com.

It wasn’t a significant event at the time because way back in 1985 about the only people using the internet on a commercial basis were US government contractors. Ecommerce giants such as Amazon.com and Ebay.com hadn’t even been thought of.

It has all changed since then of course. Slowly at first, only four other dot.coms were registered in 1985, but now thirty years on the total number of registered top-level domains, or TLDs as they are known sometimes, has surpassed 288 million and showing no signs of stopping.

That total includes over 115 million dot coms, which are still the most sought after and most valuable, but there are also dot nets, dot orgs, dot biz, dot infos and a host of others. In fact more than 500 new TLDs are being added to the internet right now, with another 500 in the pipeline.

tlds

And the dot com era has spawned an entirely new industry. These names are now traded like commodities, most worth a few bucks, but quite a number making it to 6 and 7 figures (that’s over $1million!).

So what happened to the symbolics.com name? It was eventually sold off for an undisclosed sum to a Dallas, Texas-based investor group in August 2009.

Like I said at the start, Happy Birthday Dot.com, the first thirty years have been good.

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A Few Friday Funnies.

“Fight Against Stupidity And Bureaucracy”

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Last week we had a few political jokes.

This week we are having a look at some of the things political jokes have said when they were trying (in vain) to sound smart.

Try to forget that these are the idiots who are running the country and instead….

Enjoy .

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President Richard Nixon

“This is a great day for France!”

President Richard Nixon at

French President Charles de Gaulle’s funeral.

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Senator John McCain

Senator John McCain in his presidential run:

“I was in Germany over the weekend and

President Putin of Germany gave

one of the old Cold War speeches as

he addressed the conference there.”

Walter-Hickel

Alaska Gov. Walter Hickel once justified a

plan to kill hundreds of wolves by saying,

“You just can’t let nature run wild.”

Vice-President-Dan-Quayle

“Desert Storm was a stirring victory for

the forces of aggression and lawlessness.”

Vice President Dan Quayle

Les Aspin, secretary of defense

“We will not close any bases that are not needed.”

Les Aspin, secretary of defense

President Clinton

“I would never approach a small-breasted woman.”

President Clinton, denying that he

had sexually harassed Kathleen Willey.

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Frances Sissy Farenthold

“I am working for the time when unqualified

blacks, browns and women join the unqualified

men in running the government.”

Frances “Sissy” Farenthold, Texas state representative

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Tom Daschle

“This isn’t rocket science here.”

Tom Daschle, U.S. senator from South Dakota,

denouncing spending on space-based missile defense

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michael steele

”We need to uptick our image with everyone,

including one-armed midgets.”

Republican National Committee Chairman Michael Steele

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Jerry Falwell

“Grown men should not be having sex with

prostitutes unless they are married to them.”

Jerry Falwell

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Ronald Reagan

“Trees cause more pollution than automobiles.”

Ronald Reagan

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Rick Perry

“You can always follow me on Tweeter.”

Rick Perry

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Michele Bachmann

“Carbon dioxide is portrayed as harmful.

But there isn’t even one study

that can be produced that shows

that carbon dioxide is a harmful gas.”

Rep. Michele Bachmann

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Sarah Palin

“But obviously, we’ve got to stand

with our North Korean allies.”

Sarah Palin

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al-gore-2

“It isn’t pollution that’s harming the environment.

It’s the impurities in our air and water that are doing it.”

Al Gore, Vice President

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FAREWELL 2014

“Fight Against Stupidity And Bureaucracy”

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Hi folks,

Last day of this year and time for my recollections of 2014’s main events.

As always this is by no means meant to be a complete coverage of all the events that happened during 2014, just a personal blog post about some of the things I remember, and a few that I had forgotten until I started to compile this list.

I hope you enjoy.

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farewell 2014

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The Weather

We will start off with the weather since so many of us seem to be obsessed with it.

  • In the United States there were weather extremes. In California, for example, January was the warmest and driest on record in San Francisco, San Jose and Los Angeles. Only four other Januaries since 1878 had been completely dry in Los Angeles until January 2014. Alaskans experienced their third warmest January in 96 years of record, according to NOAA’s National Climatic Data Center.

California drought 2014

  • In many parts of the Midwest, on the other hand, 2014 was the coldest winter since the late 1970s or early 1980s. And some southern states of the US became the victims of, firstly, winter storm Kronos which brought a rare blanket of snow as far south as Louisiana, and sleet as far south as Harlingen, Texas and Pensacola, Fla. in late January, and then, just days later, a second winter storm, Leon, hit many of the same areas causing commuter chaos in both Birmingham, Ala. and Atlanta. Leon also spread ice and sleet to the Gulf Coast, including the Florida Panhandle, and the Low country of South Carolina.
  • And worse was on the way. Winter Storm Pax deposited an inch or more of ice in a swath from east-central Georgia into South Carolina, including Augusta, Ga. and Aiken, S.C. Pax was the second heaviest ice storm dating to 1947 in Wilmington, N.C. The accumulation of ice from Pax claimed the famed “Eisenhower tree” at the Augusta National Golf Club. Pax marked the first time since January 1940 that Columbia, S.C. saw snowfall for three straight days.

Winter Storm Pax Washington

  • In complete contrast, the week after Pax, Columbia, S.C. tied its all-time February high of 84 degrees. Augusta, Ga. warmed into the 80s two straight days on Feb. 19-20.
  • Elsewhere in the world, severe Atlantic winter storms took their toll on many parts of England which in 2014 experienced storms and rain not seen since the late 19th century.

Atlantic winter storms Cornwall England

  • In Tokyo, Japan, which usually averages only about 4 inches of snow each year, there were also severe snow storms. In February, snow blanketed the city with 11 inches of snow in less than a week, the heaviest snowfall in 45 years for Tokyo and in 60 years for the city of Kumagaya, northwest of Tokyo. The following weekend, parts of eastern Japan, including parts of the Tokyo metro area, received another round of snow. Some smaller communities were isolated by more than 3 feet of snow.
  • And in the southern hemisphere, Australia’s Bureau of Meteorology reported that more than 10 percent of Queensland and almost 15 percent of New South Wales experienced their record hottest day on Jan. 3. A second heat wave hit parts of southern Australia in mid-January, with temperatures peaking above 41 degrees Celsius (just under 106 degrees Fahrenheit) for four straight days from Jan. 14-17, and reaching a sizzling 43.9 degrees C (111 degrees F) on both Jan. 16 and 17.

australia heat wave 2014

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Business and Technology

  • In the world of business and technology 2014 was the year the Obama administration decided to stop inversion deals, where US companies bought foreign domiciled businesses and moved their profit centers to a much more tax friendly location.
  • In technology buys, one of the largest was Facebook’s purchase of smartphone application WhatsApp for $19 Billion.

14.02.19-Facebook-WhatsApp

  • In other sectors 2014 saw world oil price plunge to around $50 per barrel, good news for consumers, not so good for producers.
  • Under pressure from the fall in oil and gas prices, along with the economic sanctions imposed by the west because of the ongoing situation in the Ukraine, the Russian Ruble went into free fall in December.

APphoto_Russia Economy

  • Also in 2014, in March, the United Nations International Court of Justice ruled that Japan’s Antarctic whaling program was not scientific but commercial and refused to grant further permits.
  • With Quantitative Easing having been ended in the US (for the moment anyway) Japanese Prime Minister Shinzo Abe announced plans for a new $29 billion fresh stimulus, including subsidies and job-creating programs, to help pull the world’s third-largest economy out of recession.

Quantitative Easing cartoon

  • After their embarrassing foul up last Christmas, this year both FedEx and UPS managed to deliver more than 99 percent of express packages as promised on Dec. 22 and Dec. 23, according to shipment tracker ShipMatrix.
  • South Korean prosecutors arrested a government official who allegedly leaked information about an investigation into former Korean Air Lines executive Cho Hyun-ah, who forced a flight to return over a bag of macadamia nuts. Most of the rest of the world tends to think that the idiot executive should suffer the consequences of her stupidity, not the whistleblower.

korean-air-lines-macademia-nut-scandal Cho Hyun-ah

  • And finally, after their embarrassing hack attack and cringe-worthy capitulation to what amounted to a terrorist cyber attack which was rightly criticized publicly by President Obama, Sony finally decided to release its movie ‘The Interview’.

Rogan Franco The-Interview

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Conflicts, Wars & Terrorism

Unfortunately 2014 saw many conflicts and acts of terrorism.

  • In April an estimated 276 girls and women were abducted and held hostage from a school in Nigeria. The following month, Boko Haram militants killed approximately 300 people in a night attack on Gamboru Ngala and terrorists in Nigeria detonated bombs at Jos, killing 118 people.

Boko Haram militants killed approximately 300 people Gamboru Ngala

  • June saw the emergence of a Sunni militant group called the ‘Islamic State in Iraq and the Levant’ (also known as the ‘ISIS’ or ‘ISIL’). It began an offensive throughout northern Iraq, with the aim of eventually capturing the Iraqi capital city of Baghdad and overthrowing the Shiite government led by Prime Minister Nouri al-Maliki. The group has been responsible for beheading of hundreds of people including several from the United States.

Sunni militant group called the ‘Islamic State in Iraq and the Levant’

  • In July and August tensions between Israel and Hamas grew following the kidnapping and murder of three Israeli teenagers in June and the revenge killing of a Palestinian teenager in July. Israel launched ‘Operation Protective Edge’ on the Palestinian Gaza Strip starting with numerous missile strikes, followed by a ground invasion a week later. In 7 weeks of fighting, 2,100 Palestinians and 71 Israelis were killed.
  • Also in July, Malaysia Airlines Flight 17, a Boeing 777, crashed in eastern Ukraine, killing all 298 souls on board. There are conflicting claims as to who was responsible, some blaming pro Russian forces for a missile strike and others blaming Ukrainian forces.

Malaysia Airlines Flight 17

  • In August and September the United States military began an air campaign in northern Iraq to stem the influx of ISIS militants and the following month the United States and several Arab partners began an airstrike campaign in Syria.

Expect more on these stories during 2015.

Departures

During 2014 we said farewell to many well know people from various walks of life. Here is just my selection of those I remember.

From Literature

Sue Townsend

British novelist and playwright (b. 1946)

SueTownsend

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P. D. James

British writer and life peer

(b. 1920)

P. D. James

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From Movies & TV

Roger Lloyd-Pack

British actor

(b. 1944)

Roger Lloyd-Pack

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Maximilian Schell

Austrian-Swiss actor

(b. 1930)

Maximilian Schell

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Philip Seymour Hoffman

American actor

(b. 1967)

Philip Seymour Hoffman

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Shirley Temple

American actress and diplomat

(b. 1928)

shirley_temple

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Sid Caesar

American actor

(b. 1922)

Sid Caesar

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Harold Ramis

American film director,

writer, and actor

(b. 1944)

Harold Ramis

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Mickey Rooney

American actor

(b. 1920)

Mickey Rooney

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Bob Hoskins

British actor

(b. 1942)

Bob Hoskins

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Efrem Zimbalist, Jr.

American actor

(b. 1918)

Efrem Zimbalist, Jr

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Rik Mayall

British comedian,

writer and actor

(b. 1958)

Rik Mayall

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Casey Kasem

American radio host

and voice actor

(b. 1932)

Casey Kasem

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Eli Wallach

American actor

(b. 1915)

Eli Wallach

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Elaine Stritch

American actress and singer

(b. 1925)

Elaine Stritch

.

James Garner

American actor

(b. 1928)

James Garner

.

Menahem Golan

Israeli filmmaker

(b. 1929)

Menahem Golan

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Robin Williams

American actor and comedian

(b. 1951)

Robin Williams

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Lauren Bacall

American actress

(b. 1924)

Lauren Bacall

.

Richard Attenborough

British actor and film director

(b. 1923)

Richard Attenborough

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Joan Rivers

American comedian, actress,

and television host

(b. 1933)

Joan Rivers

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Richard Kiel

American actor (b. 1939)

Richard Kiel

.

Polly Bergen

American actress

(b. 1930)

Polly Bergen

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Ken Takakura

Japanese actor

(b. 1931)

Ken Takakura

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Warren Clarke

English actor

(b. 1947)

Warren-Clarke

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Glen A. Larson

American television producer

and writer

(b. 1937)

Glen A. Larson

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Virna Lisi

Italian actress

(b. 1936)

Virna Lisi

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Billie Whitelaw

English actress

(b. 1932)

Billie Whitelaw

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Luise Rainer

Golden Age actress

“The Great Ziegfeld”

(b. 1910)

Luise Rainer with oscars

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From Music

Pete Seeger

American singer, songwriter,

musician, and activist

(b. 1919)

Pete Seeger

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Johnny Winter

American singer and guitarist

(b. 1944)

Johnny Winter

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Glenn Cornick

British bass guitarist

(b. 1947)

Glenn Cornick

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Jack Bruce

British rock bassist

(b. 1943)

Jack Bruce

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Acker Bilk

British jazz clarinetist

(b. 1929)

Acker Bilk

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Joe Cocker

English singer

(b. 1944)

Joe Cocker

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From Politics

Zbigniew Messner

9th Prime Minister of the

People’s Republic of Poland

(b. 1929)

Zbigniew Messner

.

Ariel Sharon

11th Prime Minister of Israel

(b. 1928)

Ariel Sharon

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Tony Benn

British politician and diarist

(b. 1925)

Tony Benn

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Adolfo Suárez

138th Prime Minister of Spain

(b. 1932)

Adolfo Suárez

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James R. Schlesinger

American economist and politician

(b. 1929)

James R. Schlesinger

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A. N. R. Robinson

3rd President of Trinidad and Tobago

(b. 1926)

A. N. R. Robinson

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Howard Baker

American politician and diplomat

(b. 1925)

Howard Baker

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Eduard Shevardnadze

2nd President of Georgia

(b. 1928)

Eduard Shevardnadze

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Albert Reynolds

Irish Taoiseach (prime minister)

(b. 1932)

Albert Reynolds

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Ian Paisley

British politician and

First Minister of Northern Ireland

(b. 1926)

Ian Paisley

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Nicholas Romanov

Prince of Russia

(b. 1922)

Nicholas Romanov

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Jean-Claude Duvalier

41st President of Haiti

(b. 1951)

Jean-Claude Duvalier

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John Spencer-Churchill

11th Duke of Marlborough,

British peer and educator

(b. 1926)

John Spencer-Churchill, 11th Duke of Marlborough

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Gough Whitlam

21st Prime Minister of Australia

(b. 1916)

Gough Whitlam

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From Space Exploration

Valeri Kubasov

Soviet cosmonaut

(b. 1935)

Valeri Kubasov

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Wubbo Ockels

Dutch astronaut and physicist

(b. 1946)

Wubbo Ockels

.

Henry Hartsfield

American colonel and astronaut

(b. 1933)

Henry Hartsfield

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Anatoly Berezovoy

Soviet cosmonaut

(b. 1942)

Anatoly Berezovoy

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From Sport

Eusébio

Portuguese footballer

(b. 1942)

Eusébio

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Mae Young

American professional wrestler

(b. 1923)

Mae Young

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Louise Brough

American tennis player

(b. 1923)

Louise Brough

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Tom Finney

English footballer

(b. 1922)

Tom Finney

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Nelson Frazier, Jr.

American professional wrestler

(b. 1971)

Nelson Frazier, Jr

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Jimmy Ellis

American boxer

(b. 1940)

Jimmy_Ellis

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Jack Brabham

Australian race car driver

(b. 1926)

Jack Brabham

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Malcolm Glazer

American businessman,

owner of Manchester United

(b. 1928)

Malcolm Glazer

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Valentin Mankin

Ukrainian sailor, Olympic triple champion

and silver medalist

(b. 1938)

Valentin Mankin

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Fernandão

Brazilian footballer and manager

(b. 1978)

Fernandão

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Alfredo Di Stéfano

Argentine-Spanish footballer

(b. 1926)

Alfredo-Di-Stefano-Dies-at-Age-88

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Andriy Bal

Ukrainian football player and coach

(b. 1958)

Andriy Bal

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Björn Waldegård

Swedish rally driver

(b. 1943)

Björn Waldegård

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Andrea de Cesaris

Italian race car driver

(b. 1959)

Andrea de Cesaris

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Health

  • The big health scare of 2014 that dominated the headlines was the of the Ebola virus epidemic in West Africa in February, that initially infected over 19,000 people and killing at least 7,000, the most severe both in terms of numbers of infections and casualties.

ebola_map Africa

  • In other news, also in February, Belgium became the first country in the world to legalize euthanasia for terminally ill patients of any age.

Politics

  • On January 1, Latvia officially adopted the Euro as its currency and became the 18th member of the Eurozone.
  • In February, the Ukrainian parliament voted to remove President Viktor Yanukovych from office, replacing him with Oleksandr Turchynov, after days of civil unrest that left around 100 people dead in Kiev. The pro-Russian unrest lead to the annexation of Crimea by the Russian Federation and an insurgency in the Donetsk and Luhansk regions.

President Viktor Yanukovych

  • In March, Nicolás Maduro, the President of Venezuela, severed diplomatic and political ties with Panama, accusing it of being involved in a conspiracy against the Venezuelan government.
  • Also in March, an emergency meeting, involving the United Kingdom, the United States, Italy, Germany, France, Japan, and Canada temporarily suspended Russia from the G8.
  • In April, also in response to the Crimean crisis, the Parliamentary Assembly of the Council of Europe (PACE) passed a resolution temporarily stripping Russia of its voting rights; its rights to be represented in the Bureau of the Assembly, the PACE Presidential Committee, and the PACE Standing Committee; and its right to participate in election-observation missions.
  • The same month, United States President Barack Obama began new economic sanctions against Russia, targeting companies and individuals close to Russian President Vladimir Putin.

Putin Obama

  • In May the Royal Thai Army overthrew the caretaker government of Niwatthamrong Boonsongpaisan after a failure to resolve the political unrest in Thailand.
  • Back in Europe, in June, King Juan Carlos I of Spain abdicated in favor of his son, who ascended the Spanish throne as King Felipe VI.
  • And the political year ended on a positive note, with U.S. President Barack Obama announcing the resumption of normal relations between the U.S. and Cuba after more than half a century.

normal relations between the U.S. and Cuba

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Space

  • The major space event of 2014 happened in November when the European Space Agency’s Rosetta Philae probe successfully landed on Comet 67P, the first time in history that a spacecraft has landed on such an object.

Rosetta Philae

Sport

  • The two major world sporting events of 2014 were the XXII Olympic Winter Games, held in Sochi, Russia in February, and the 2014 FIFA World Cup held in Brazil, and won by Germany, during June and July.

world-cup-2014-champions-germany-trophy

  • In American sport the Super Bowl was won by the Seattle Seahawks, the MLB World Series  winners were the San Francisco Giants and in basketball the San Antonio Spurs came out on top.
  • Ice Hockey had three champions in 2014, Canada becoming Olympic champions, Russia world champions and in the NHL the Los Angeles Kings were the victors.
  • In tennis at the world famous Wimbledon Tournament in England Novak Djokovic became Men’s Singles Champion and Petra Kvitova Ladies Singles Champion, while the men’s and women’s winners of the US Open were Marin Čilić  and Serena Williams respectively.

novak-djokovic-with-wimbledon-crown

  • In Soccer, as noted above, Germany won the 2014 World Cup. The European Champions League winners were Real Madrid and the English Premiership was won by Manchester City.
  • The Formula 1 motor racing champion for 2014 was British driver Lewis Hamilton, who also picked up the award of the BBC Sports Personality of the Year.
  • In golf’s major championships, the Masters Tournament, held in April, was won by Bubba Watson by three strokes. It was his second Masters championship.
  • May saw the BMW PGA Championship where young Northern Ireland man Rory McIlroy birdied the 18th hole to win by one stroke over Irishman Shane Lowry, who also birdied the 18th hole.
  • In June, U.S. Open winner was Martin Kaymer who won by eight strokes to become the first German player to win the U.S. Open, and the first player to win the Players Championship and the U.S. Open in the same year.
  • In July, the Open Championship Northern Ireland man Rory McIlroy, was on top again winning by two strokes over Rickie Fowler and Sergio García. It was his third career major championship, and his first Open Championship. With the win, he became the fourth player ever of 25 years old or under to have won at least three majors.
  • In August, McIlroy was back, winning the PGA Championship by one stroke over Phil Mickelson. He was having quite a year, it was his fourth career major and his second PGA Championship.PGA Champion Rory McIlroy
  • Then in September, in the Ryder Cup, Team Europe (also including McIlroy) defeated Team USA by a score of 16½ – 11½. It was the third consecutive Ryder Cup victory for Europe, and also Europe’s fifth consecutive home victory in the Ryder Cup.

Tragedies

  • In March Malaysia Airlines Flight 370, a Boeing 777 airliner en route to Beijing from Kuala Lumpur, disappears over the Gulf of Thailand with 239 people on board. The aircraft is presumed to have crashed into the Indian Ocean.
  • In April Korean ferry MV Sewol capsized and sunk after an unmanageable cargo shift. More than 290 people were killed, mostly high school students.

south-korea-ferry MV Sewol

  • In May hundreds of workers were killed in mining accident in Turkey.
  • In July, Air Algérie Flight 5017 crashed in Mali, killing all 116 people on board.
  • And just a few days ago AirAsia flight QZ8501 crashed, wreckage has been found off the coast of Indonesia’s Kalimantan coast.

indonesia-airplane AirAsia flight flight QZ8501 airport notice board

 

J.F.K.

“Fight Against Stupidity And Bureaucracy”

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Fifty-one years ago today the United States 35th President, John F Kennedy, was assassinated at Dealy Plaza, in Dallas, Texas. We all know the story and the various conspiracy theories that have been written about ad nauseam over the past half century so this post is not about that.

Rather it is about one of the legacies of the JFK name, the USS John F Kennedy, the only ship of her class (a variant of the Kitty Hawk class of aircraft carrier) and the last conventionally powered carrier built for the United States Navy.

Although it was retired in 2007 after nearly 40 years of service in the United States Navy, the Kennedy was a very impressive ship. For those who like the details it measures 1,052 feet long, has a beam of 130 feet, and draws 37 feet of water. The flight deck is 1,046 feet by 252 feet.

The JFK displaces 81,430 tons at full load and her compliment is 155 officers, 2,775 enlisted (ship’s company), and 2,160 enlisted and 320 officers (embarked air wing).

it’s top speed is 32 knots, and her cruising speed is 20 knots. The operational range at 30 knots is 4,000 miles while the maximum cruising range is 12,000 miles.

USS JFK is equipped with 4 aircraft elevators and features 4 steam-powered catapults and 4 arresting wires. The carrier was capable of launching and recovering aircraft simultaneously and could embark 80+ aircraft, depending on mission requirements.

Aircraft on board included 56 F/A-18 hornet strike fighters, 6 S-3B Viking ASW aircraft, 4 EA-6B Prowler offensive electronic warfare aircraft, 4 E-2C Hawkeye electronic early warning aircraft, 2 ES-3A Shadow electronic warfare (SIGINT) aircraft, 4 SH-60F Seahawk ASW helicopters, and 2 HH-60H Seahawk combat search and rescue aircraft.

Its armaments included two Mk 29 Sea Sparrow Guided Missile Launch Systems, two RAM (Rolling Airframe Missile) systems, and two Mk 15 Phalanx 20mm CIWS (Close In Weapon System.)

During it’s service it was stationed some of the time in the Mediterranean area.

If you have never seen one of these babies up close and personal and wanted to get an idea of just how big and impressive they are have a look at the aeriel photograph below, taken as the JFK berthed at the island of Malta.

Compared to the houses, cars and people you can see in the shot I’m not sure the word ‘big’ is big enough to describe it.

I mean I wouldn’t want to mess with it. Would you?

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uss jfk in malta

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Did You Know? – Americans, Chinese, French, Greeks, There’s Facts About All Of Them In Here!

“Fight Against Stupidity And Bureaucracy”

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Yes, today is a bit of a multi-cultural fact feast.

Hope you enjoy.

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did you know2

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Brown eyes are actually blue,

under a layer of melanin.

blue eyes

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Billionaire Chuck Feeney donated most of his fortune

anonymously and with no recognition,

while flying coach, owning a $15 watch,

and having no cars or homes.

Billionaire Chuck Feeney

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George Washington was surprised to discover

that the Chinese were not white.

(I wonder how surprised they were to find out he was?)

chinese drawing

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When it first opened in 1955 Disneyland had

a lingerie store on Main Street called The Wizard Of Bras

The Wizard Of Bras

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In the mid 1800s France gave a crucial patent

in photography as a free gift to the world…

except for Britain who had to pay for it!

photographing the eiffel tower

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Disaster comes from the Greek

“dis” meaning bad,

and “aster”, meaning star.

The ancient Greeks used to blame calamities

on unfavorable planetary positions.

disaster-sign

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If you are in a room with 23 people,

there’s more than a 50% chance that

two of the people have the same birthday.

Birthday_Paradox.svg

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There are more tigers living in Texas

than in the rest of the world.

tiger

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While serving as sheriff of Erie County, N.Y.,

Grover Cleveland had to spring the trap

at a hanging on two occassions.

This earned him the unflattering nickname

“Buffalo Hangman.”

Grover Cleveland

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Workers at Amazon’s distribution centers

can be expected to walk up to 11 miles per shift,

picking an order every 33 seconds.

Amazon's distribution centers

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The shortest French word with all

five vowels is “oiseau” meaning bird.

oiseau

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Des Moines has the highest per capita0

Jello consumption in the U.S

Des Moines jello capital

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In 1770 the British parliament passed a law

condemning lipstick, stating that

” women found guilty of seducing men

into matrimony by a cosmetic means”

could be tried for witchcraft.

law condemning lipstick

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Mr Feng, a Chinese father, hired a bunch of assassins

to kill his son’s online World of Warcraft character.

Apparently his son was wasting too much time after being laid off.

Mr Feng, World of Warcraft

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Spencer Eldon was the name of the naked baby

on the cover of Nirvana’s album

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