To much news, not enough time.

There is so much going on; I almost need to take a day off just to keep up with the news. But here is quick round up.

Remember how I said that every adult should read this week’s essay of the week? This is why…..

Thousands of homeowners face an “imminent risk” of losing their homes because of clashes between American Home Mortgage Investment Corp. and its former financial backers, according to Freddie Mac, a government-chartered housing financier.

In documents filed with the U.S. Bankruptcy Court in Wilmington, Del., Freddie Mac said it seized $7 million that homeowners sent to American Home to cover principal and interest payments, property taxes and insurance just before the company’s Aug. 6 collapse. American Home quit making payments to tax authorities and insurance companies Aug. 24.

Freddie Mac said 4,547 loans valued at nearly $797 million are at stake. It said it doesn’t have the loan files necessary to pay insurance premiums and property taxes on them, however. “Therefore, there is the imminent risk that borrowers’ insurance policies may lapse for nonpayment, subjecting the borrowers to a risk of loss of their mortgaged properties,” Freddie Mac said.

Property-tax bills will go unpaid, Freddie Mac said, “resulting in increased tax liabilities and possible tax-foreclosure sales.” It added it needs a court order allowing it to seize American Home’s loan files “to avoid these serious consequences stemming from AHM’s inability to service the Freddie Mac mortgage loans.” . . .

That is just a teaser. You really should follow the link above and read the whole thing.

Also, Israel has hit targets in Syrian but both the Syrians and the Israelis are keeping the details hush hush. It may have been Nuclear materials from North Korea that they were hitting. This from the Jerusalem Post…

An official in the Bush administration told the New York Times Wednesday that in recent days the IAF has flown over Syria several times in an attempt to gain intelligence on a number of suspected nuclear facilities Israel believes have been sponsored by North Korea.

“The Israelis think North Korea is selling to Iran and Syria what little they have left,” the official told the Times, adding that the alleged strike had not necessarily provided evidence to confirm the intelligence.

Meanwhile, North Korea slammed Israel for the alleged air strike, calling it a “dangerous provocation” aimed at breaching Syria’s sovereignty and upsetting peace and security in the region.

“North Korea harshly condemns the said incursion and expresses solidarity and support of the Syrian nation in its righteous cause of safeguarding national security and peace in the region.”

See here for a collection of good links on the subject. See here for some interesting thoughts on the matter.

In separate news oil has hit $80 a barrel for the first time ever.

We live in interesting times.

Taking apart Mexico's Pipelines

For some reason this is not getting a lot of press. But this story pretty much tells it all….

A SHADOWY leftist rebel group claimed responsibility for six explosions that damaged several Mexican gas and oil pipelines today, sending flames towering into the sky and forcing the evacuation of thousands.

Financial markets in the US and Mexico were rattled by the blasts, which officials said cost hundreds of millions of dollars in lost production. Some local factories were forced to shut after natural gas supplies were cut but there were no immediate reports of injuries directly caused by the explosions and fires.

It was the second time in three months that the so-called People’s Revolutionary Army has claimed to have targeted pipelines as part of what it has labelled its “prolonged people’s war” against “the anti-people government.”

The group, known as the EPR, is an extremely secretive, tiny rebel group that staged several armed attacks on government and police installations in southern Mexico in the 1990s. It was later weakened by internal divisions, leaving it unclear which splinter group carried out the attacks.

The six explosions, which affected several natural gas pipelines and one oil pipeline in the Gulf coast state of Veracruz, triggered fires that shot flames and plumes of black smoke high into the sky and could be felt kilometres away.

The rest of the story talks about the likely political and economic effects.

A European mayor worth electing

There is town in Germany that is effectively controlled by neo-Nazis. You can read all about it here. But there was a section in the article that I thought demonstrated both why Europe still functions and why Europe is going down the tubes.

It all started in 1992, on April 19 — Easter Sunday. About 120 neo-Nazis raised the Reichskriegsflagge, a symbol used by Hitler’s Nazi party, in front of the old farmhouse at the end of Forststrasse. They wanted to celebrate the 103rd anniversary of Hitler’s birth. “We’ll smoke you out,” the right-wing radicals allegedly told the G. family next door. The family had previously complained about constant neo-Nazi music. And it had paid a steep price for such complaints: break-ins and slashed tires came first. Then one day they found their chickens dead and hanging from the garden fence.

Partying with the Nazis

On Easter Sunday 1992, the family barricaded itself inside the house. The mayor at the time, Fritz Kalf, was there with them, armed with a shotgun. When the police were called, a mere four officers arrived — and they didn’t dare enter the farmhouse where the Nazis were partying. Later, three dozen more cops showed up and put an end to the revelries, but not before the doors and windows of the G. family’s house had been destroyed along with Kalf’s car. The culprits vanished in the darkness. Indeed, the only who received a citation that evening was the mayor — for carrying a gun without a permit.

It is impressive that Germany still has a mayor willing to put himself at risk to defend his people. But it is sadly typical of modern day Europe that he was the only one to receive a ticket.

Rant of the Week: 9/2/07-9/8/07

The most basic function of any state is to insure that it is the only organization that uses force to compel people to do things. Therefore, armed gangs are one of the biggest signs of the failure of the state. The more powerful the gangs are, the weaker the state is.

In America, most white people don’t worry about gangs as long as they limit themselves to killing minorities. Thus, the growing power and sophistication of American gangs has escaped the notice of most Americans.

But for how long will this be the case? One thinks of how the failed state of Afghanistan suddenly came to people’s notice. Pockets of lawlessness have a way of making themselves know even on the wealthy and secure.

That is why I think it is worth listening as Stanley Crouch laments the fact that nobody wants to face the reality of the American killing fields.

Essay of the Week: 8/26/07-9/1/07

One of the biggest errors of modern time is a misplaced faith in laws. It is thought that the right laws can do everything from taming the power of the US to improving the status of woman. But the truth is that laws do not create society, society creates laws. The power of a law nessearly stems from the values that make up a society. As a consequence, laws that are not based on values common to a society will only create widespread lawlessness. In other words, without a society based on common values, laws are useless.

This truth is ignored by many people who think that if they can only get the right laws passed, then society will be so much better. Such people would do well to read this essay from the Belmont Club exploring the consequences of trying to make enforce a common law were there is no common society.

Imagine having a fight like this in downtown Washington or New York.

This from the blog Pakistan Uncut (although I think the credit should really go to Dawn News service)…..

Islamabad’s densely populated Sector G-6, where Lal Masjid is located, and the areas in its vicinity were jolted by big bangs of grenades, heavy shelling and other heavy arms used in the battle early in the morning.

The entire federal capital was declared a red zone as there was a complete ban on people’s entry and exit from morning to evening.

Life in Islamabad was paralysed and most residents went on rooftops to see clouds of thick black smoke over Lal Masjid.

The fighting was so horrifying that bullets of heavy guns hit many multi-storeyed buildings located four to five kilometres away from Lal Masjid.

Heavy movement of troops continued around Lal Masjid throughout the day with machinegun-fitted armoured personnel carriers and trucks carrying armed troops.

Some of the parents of the children, who did not come out of the mosque or were shifted to other places without informing them, started weeping when they were told that the operation had almost concluded.

I feel sorry for all the poor parents who had little kids trapped in there. Can you imagine seeing a fight like that go on knowing that your kid was trapped in side?

Unfortunately, I think events like this are only going to become more common.

FAS spots a new Chinese Sub using Google Earth

A writer on a Federation of American Scientist Strategic Security Blog thinks he has found a picture of a new Chinese sub on Google Earth. He speculates that it can carry a more advanced sea-launched ballistic missile then previously known Chinese subs.

If it was anyone else, I would probably dismiss the story out of hand. But the Federation of American Scientist usually err on the side of caution. If they say they think they have found a new sub, they probably have.

(h/t Defense Tech: who also have some observations of their own.)