A venomous Egyptian cobra went missing from New York’s Bronx Zoo, prompting the closure of the zoo’s reptile house until further notice. (…)
The Egyptian cobra is most commonly found in North Africa. Its venom is so deadly that it can kill a full-grown elephant in three hours — or a person in about 15 minutes, according to wildlife experts. The venom destroys nerve tissue and causes paralysis and death due to respiratory failure.
In late 1979, Debbie Harry suggested that Nile Rodgers join her and Chris Stein at a Hip hop event in a communal space taken over by young kids and teenagers with boom box stereos, who would play various pieces of music to which performers would break dance. The main piece of music they would use was the break section of “Good Times.”
A few weeks later, Blondie, The Clash and Chic were playing a gig in New York at Bonds nightclub. When Chic started playing “Good Times,” rapper Fab Five Freddy and members of the Sugarhill Gang jumped up on stage and started freestyling with the band; Rodgers allowed them to “do their improvisation thing like poets, much like I would play guitar with Prince.”
A few weeks later Rodgers was on the dance floor of New York club LaViticus and suddenly heard the DJ play a song which opened with Edwards bass line from “Good Times”. Rogers approached the DJ who said he was playing a record he had just bought that day in Harlem. The song turned out to be an early version of “Rapper’s Delight” by The Sugarhill Gang, which Rogers noted also included a scratched version of the song’s string section. Rogers and Edwards threatened The Sugarhill Gang with legal action, which resulted in them being credited as co-writers on “Rappers Delight”.
The Federal Reserve has blessed the balance sheet of Goldman Sachs — paving the way for the investment bank to pay back the $5 billion investment that Warren Buffett made at the height of the financial crisis in 2008. (…)
In the darkest days of the financial crisis, Mr. Buffett agreed to invest $5 billion in Goldman Sachs, whose stock was suffering amid a general liquidity scare. The deal in September 2008 came at a hefty price, namely a 10 percent annual dividend that amounted to about $500 million.
At the time, Mr. Buffett also picked up warrants, giving Berkshire the right to buy $5 billion of stock with a strike price of $115. With Goldman stock currently trading at $160, Buffett’s profit on the warrants is around $2 billion.
{ NY Times | Continue reading }
For the first time, researchers prompted the very rich—people with fortunes in excess of $25 million—to speak candidly about their lives. The result is a suprising litany of anxieties: their sense of isolation, their worries about work and love, and most of all, their fears for their children.
photo { John Coplans }
Disaster and rebirth is an old story in this part of the country. I know. My family has lived that cycle for generations deep in the Mississippi Delta—in Plaquemines Parish, a name that since the British Petroleum (BP) oil spill has become a cultural marker, the equal, after Katrina, of “the Lower Ninth Ward.” But the oil spill? Will it prove one too many disasters for the return of the Plaquemines Parish my family once knew? Or will it, like Hurricane Katrina, be a dangerous opportunity for changes long overdue?
As much of America suddenly knows, the mouth of the Mississippi River and the surrounding marshlands of Plaquemines Parish nurture the foodstuffs that grace the tables of New Orleans’s world-famous restaurants and provide much of the seafood—25 to 30 percent of it—that Americans eat. Over two centuries the region’s diverse, amphibious Delta culture—Alsatian, Croatian, Isleño, African American, Italian, and Native American—also nurtured my family’s culinary roots that flowered into the Ruth’s Chris Steak House restaurant empire.
photo { Jessica Craig-Martin }
The US military is developing software that will let it secretly manipulate social media sites such as Facebook and Twitter by using fake online personas to influence internet conversations and spread pro-American propaganda.
A Californian corporation has been awarded a contract with United States Central Command (Centcom), which oversees US armed operations in the Middle East and Central Asia, to develop what is described as an “online persona management service” that will allow one US serviceman or woman to control up to 10 separate identities based all over the world.
painting { Jean Leon Gerome }
Three new lines will be added to the New York City subway system next fall, giving residents of Chelsea and the Meatpacking District direct transit service down to Soho and up to the Upper East Side.
Plans call for two rapid transit subway lines and one ultra-slow line: The BB, the K, and the RL–which respectively stand for Boone Boone, Koons, and Roy Lichtenstein. The three lines are expected to open October 15, 2011 in unison.
M.T.A. awarded the construction contract to Manhattan-based company Imp Kerr & Associates, NYC. Other projects the firm currently works on include the eradication of Science Limited, the maintenance of a jellyfish farm, and private lectures on Spinoza. Imp Kerr will serve as executive supervisor.
{ Text | Images and maps }
At 2:27 p.m. on March 30, 1981, President Ronald Reagan (Secret Service code name: Rawhide) walked out of a Washington hotel and was shot by John Hinckley Jr. In the confused moments that followed, no one was sure exactly what had happened—or if Mr. Reagan had even been hurt. In this excerpt from the forthcoming book “Rawhide Down,” a detailed account of the attempted assassination, Secret Service agent Jerry Parr has just shoved Mr. Reagan into his car after hearing the gunshots.
Among the findings of a sweeping federal government survey of American sexual behavior is one that may surprise those bewailing a permissive and eros-soaked popular culture: More than one-quarter of people interviewed in their late teens and early 20s had never had sex. (…)
The uptick in abstinence is one of many revealing facts arising from structured interviews with a random sample of 13,495 Americans, ages 15 to 44, that were done from 2006 to 2008. The findings provide evidence for almost every theory and supposition about the nation’s secret sex life.
The survey results, released Thursday, suggest that oral sex may be a gateway to vaginal sex but that for some teens it is a stopping point. Most adults are monogamous. About 4 in 10 adults have had anal sex. Women are more likely than men to have same-sex liaisons. Or at least are more comfortable talking about them.
photo { Saul Leiter, Lanesville, 1958 }
“The dinner went well. The guest of honor didn’t sneeze. We were lucky.”
This comment was heard after a dinner at the U.S. State Department, where senior administration officials hosted a dinner for a delegation beginning a week of high-level meetings. The guest that didn’t sneeze was the senior person, allergic to flowers. Even though there were flowers on the tables, there were no sneezes.
It wasn’t luck that the guest was comfortable. Research by the protocol staff had discovered the allergy and found flowers that wouldn’t cause a problem. Thanks to the staff’s work, no headlines appeared announcing that dinner at the Department of State made a visiting dignitary sick.
At first, reading this story seems to confirm the stereotype that protocol and the work of protocol officers is simply about flowers, menus and seating plans. But to focus on those tasks is to miss the purpose that drives these activities. Robert W. Frye, former Chief of Protocol (…) explained it clearly: “protocol is the art of creating a distraction-free environment that facilitates the complete and open exchange of information to resolve issues and build relationships in global business and international diplomacy.”
Consumers are hoping to cash in on last week’s state Supreme Court ruling that it’s illegal for retailers to ask customers for their ZIP Codes during credit card transactions, except in limited cases.
More than a dozen new lawsuits have been filed against major chains that do business in California, including Wal-Mart Stores Inc., Bed Bath & Beyond Inc., Crate & Barrel and Victoria’s Secret. More filings are expected in the coming weeks.
The flurry of litigation stems from a decision last week against Williams-Sonoma Inc. in which the state high court ruled unanimously that ZIP Codes were “personal identification information” that merchants can’t demand from customers under a California consumer privacy law.
painting { Balthus, The Street, 1933 }
{ How the U.S. Secret Service pulls off the most complicated security event of the year, from counter-surveillance to counter-assault, hotel booking to event schedule. | The Atlantic | full story | Chart: The Presidential Motorcade }
Nasa has 18 facilities across the US, from Maryland to California, and its major contractors, companies such as Boeing and Lockheed Martin, have dozens more. But no place has assumed the identity of the country’s space programme quite like Brevard County. A mosquito-bitten slip of coast, 20 miles wide and 70 miles long, it was somewhere people used to drive through on their way to Palm Beach, until the US army decided to start testing its missiles there in October 1946.
And then, quite suddenly, it was colonised. The arrival of Wernher von Braun, designer of the V2 rocket, and the other founding fathers of the US space programme, made Brevard the fastest-growing county in America. Nasa, founded in 1958, built bridges and water systems, and when the space race reached its exorbitant heights in the mid-1960s, Brevard was the edge of the world. Astronauts raced their cars on the beach, newsmen camped out on their lawns and the county was given the dialling code 3-2-1 after the launch sequence. In 1973, Brevard put the Moon landing on its county seal.
The Apollo boom was followed by bust: 10,000 people lost their jobs when the programme was cancelled in 1972. But since then, Brevard has rebuilt itself around the space shuttle, Nasa’s longest-serving spacecraft and one of the most recognisable vehicles ever to fly. The parts may be manufactured elsewhere and its missions managed from Houston, but for the past three decades Brevard County and KSC have been, in Nasa-speak, where the rubber hits the road. The tourist-friendly launches and everlasting work of 132 missions have made the shuttle the central activity of America’s Space Coast—the stuff of daily life and conversation. (…)
Brevard hasn’t escaped the property crash. Property values in Brevard County have fallen by 45 per cent since 2007 and are still falling—more than 10 per cent last year. (…) Yet it is nothing compared to what is to come, because the rockets and the recession are about to collide. There will be at least two or maybe three missions this year: Discovery, planned for February; the official final flight, Endeavour, scheduled for 1st April; and possibly a “final final” mission if Atlantis gets the go-ahead, most likely in June. But at some point in 2011, the space shuttle will fly for the last time.
photo { Brian Ulrich }
The president was too polite to mention it during his State of the Union speech on Tuesday, but here’s a quick summary of the problem: The U.S. is broke. The hole is too big to plug with cost cutting or economic growth alone. Rich people have money. No one else does. Rich people have enough clout to block higher taxes on themselves, and they will. (…)
Whenever I feel as if I’m on a path toward certain doom, which happens every time I pay attention to the news, I like to imagine that some lonely genius will come up with a clever solution to save the world. Imagination is a wonderful thing. I don’t have much control over the big realities, such as the economy, but I’m an expert at programming my own delusions. (…)
As a public service, today I will teach you how to wrap yourself in a warm blanket of imagined solutions for the government’s fiscal dilemma.
To begin, assume that as the fiscal meltdown becomes more perilous, everyone will become more flexible and perhaps a bit more open-minded. That seems reasonable enough. A good crisis has a way of changing people. Now imagine that the world needs just one great idea to put things back on the right track. Great ideas have often changed history. It’s not hard to imagine it can happen again.
Try to imagine that the idea that saves the country is an entirely new one. (…)
Convincing the rich to accept higher taxes on themselves.
Tens of thousands of New York City employees who did not report for work during the snowstorm on Thursday could lose a day of leave — even though Mayor Michael R. Bloomberg sent out a predawn message that day saying that all city nonemergency offices and schools would be closed.
A memo went out to the heads of all city agencies on Monday saying that office employees will lose a day of vacation or comp time unless they write an acceptable excuse note.
{ NY Times | Continue reading }
You’re probably wondering how on earth microbes have anything to do with the 3 feet of snow you had to dig your car out from under last week…
I have two “believe it or not” statements for today:
First, believe it or not, microbes are ubiquitous in the Earth’s atmosphere (Bowers et al. 2009, and others). “Ubiquitous” is a fantastic word that simply means “absolutely everywhere” and it’s especially true with microbes. (…) Microbes are also extremely abundant in the air around us, above and beyond our reach, floating in the breeze and being carried thousands of miles on trans-oceanic trade winds. (…)
[Two]: many of those atmospheric microbes have been found to nucleate ice (Bauer et al. 2003). What I mean by “nucleate ice” is that they can serve as the starting point for ice crystals to begin to form.
Michelle Obama wouldn’t be pleased. Maine’s Legislature appears poised to make the whoopie pie the official state dessert.
The designation, supporters say, would give Maine bakeries a marketing edge and raise awareness that the pies are more popular here than anywhere else in the country.
But opponents say the legislation sends the wrong message at a time when the nation is struggling to fight childhood obesity, an issue the first lady has championed.
{ Kennebec Journal | Continue reading }
Whoopie pies are a New England cousin to Southern moon pies. They are chocolate snack cake “sandwiches” with a filling. Moon pies use marshmallow, whoopie pies use a cream filling.
photo { Nicholas Lorden }
related { Maine lawmaker proposed a bill to allow one-armed people to have and carry switchblade knives. }
also related { Why Men and Women Gain Weight }
The really surprising number you saw the talking heads on TV mention was the growth of consumer spending, at 4.4%. Is the US consumer back? After all, real final sales rose by 7.1%, a number not seen since 1984 and Ronald Reagan. But real income rose a paltry 1.7%. Where did the money that was spent come from?
Savings dropped a rather large 0.5% for the quarter. That was part of it. And I can’t find the link, but there was an unusual drawdown of money market and investment accounts last quarter, somewhere around 1.5%, if I remember correctly. That would just about cover it. But that is not a good thing and is certainly not sustainable.
Let’s see what good friend David Rosenberg has to say about those numbers:
Even with the Q4 bounce, real final sales have managed to eke out a barely more than 2% annual gain since the recession ended, whereas what is normal at this stage of the cycle is a trend much closer to 4%. Welcome to the new normal.
There is no doubt that there will be rejoicing in Mudville because real GDP did manage to finally hit a new all-time high in Q4. The recession losses in output have been reversed (though what that means for the 7 million jobs that have to be recouped is another matter). But, before you uncork the champagne, just consider what it has taken just to get the economy back to where it was three years ago:
· The funds rate moved down from 4.5% to zero.
· The Fed’s balance sheet expanded by more than 1.5 trillion dollars.
· The printing of M2 money supply of around 1 trillion dollars (the illusion of prosperity).
· Expansion of federal government debt of 4.8 trillion dollars.
All this heavy lifting just to take the economy back to where it was in the fourth quarter of 2007.
(…)
Thursday was the annual Tiger 21 conference, and the room held about 150 or so very-high-net-worth participants. The lunch session was Greta van Sustern interviewing Newt Gingrich. And yes, from what I heard he is going to run.
painting { Ju Myung Kim }
{ www.mta.me turns the New York subway system into an interactive string instrument }
more to watch { Documentary on American composer Milton Babbitt, who died Saturday, Jan. 29 }
