Why they are worried about liquids on planes

The question is, is this real or fake? I don’t hear much about this type of explosive being used. And if it was this easy to make and this effective I would think it would be more common. I have also read a lot from people saying the threat from binary explosives is way overstated.

On the other hand, the Government seems to be honestly worried (not always the best argument I know). More importantly, Derek did a couple of posts (here and here) a while back that seemed to indicate that there was stuff out there we should be worried about. I imagine that someone with Phd in chemistry would know.

The markets are moving today

Lots of markets are crashing to day. From Marco Man….

Later in life, Mr. Eliot repudiated the ending to “The Hollow Men”, quoted above. One would have to presume that if he were alive today and a practitioner of financial poetry, he would be equally averse to claiming that the world would end with a whimper.

Or so we’d have to judge by price action today, wherein all things risky are tracing out an Icarus-like descent, and the only thing preventing a Black Monday-style crash in the US today is that the market is closed. This month has already been a testing one, and on the basis of today’s gruesome start that trend appears set to continue.

He has a graph at his site that demonstrates what he means by “Icarus-like descent.” Naked Capitalism has charts showing the drop of Japan’s stock market.

From SPIEGEL……

A bad day for German banking: WestLB, the latest victim of the subprime credit crisis, has reported a 2007 loss of €1 billion. Meanwhile, stock prices are tanking amid fears of global recession. Banking stocks are among the worst hit.

From The Economist…..

IT APPEARS to be an old-fashioned case of risk aversion. Stockmarkets are plunging (the FTSE 100 was down more than 300 points, or 5% just after noon in London, on Monday January 21st), commodity prices are dropping and investors are flocking to the safety of government bonds and currencies like the Swiss franc and yen. Speculative bonds now yield seven percentage points more than US Treasuries, the highest spread since April 2003.

You have been warned

Islamic terrorism directed against US interests went on for decades before they managed to make the US sit up and take notice with the 9/11 attacks. I think a similar thing is going on with the cyber attacks from various national and criminal organizations. Right now they don’t amount to much. But eventually someone is going to pull off something that is going to make everyone sit up and pay attention.

From the Belmont Club….

America has been under foreign cyber attack before. But the Washington Post reports that recent attacks have become serious enough to issue a “rare public warning to the power and utility industry … a CIA analyst this week said cyber attackers have hacked into the computer systems of utility companies outside the United States and made demands, in at least one case causing a power outage that affected multiple cities.” Although at least some of the reported intrusions were by “computers belonging to foreign governments or militaries”, the targets this time were, significantly, commercial. “Cyber extortion is a growing threat in the United States, and attackers have radically increased their take from online gambling sites, e-commerce sites and banks, which pay the money to prevent sites from being shut down and to keep the public from knowing their sites have been penetrated, said Alan Paller, research director at the SANS Institute.”

New York City's police department is run by fascists

From The Village Voice…..

After 9/11, untold thousands of New Yorkers bought machines that detect traces of biological, chemical, and radiological weapons. But a lot of these machines didn’t work right, and when they registered false alarms, the police had to spend millions of dollars chasing bad leads and throwing the public into a state of raw panic.

OK, none of that has actually happened. But Richard Falkenrath, the NYPD’s deputy commissioner for counterterrorism, knows that it’s just a matter of time. That’s why he and Mayor Michael Bloomberg have asked the City Council to pass a law requiring anyone who wants to own such detectors to get a permit from the police first. And it’s not just devices to detect weaponized anthrax that they want the power to control, but those that detect everything from industrial pollutants to asbestos in shoddy apartments. Want to test for pollution in low-income neighborhoods with high rates of childhood asthma? Gotta ask the cops for permission. Why? So you “will not lead to excessive false alarms and unwarranted anxiety,” the first draft of the law states.

Just because you are paranoid does not mean that you are wrong.

Vindication for all those paranoid types that thought that putting fluoride in drinking water was a bad idea. From Reuters….

“Some recent studies suggest that over-consumption of fluoride can raise the risks of disorders affecting teeth, bones, the brain and the thyroid gland,” reports Scientific American editors (January 2008). “Scientific attitudes toward fluoridation may be starting to shift,” writes author Dan Fagin.