I see an economic diasater coming...

[triffid]

I agree with Lee about China's debt problem.I refuse to invest in any stocks that are located in China.The Chinese could turn ugly(overnight) against any Americans investing in their country.China followed the USA in securing more debt.As long as there are
investors to buy their debt.They like the USA will continue to kick their debt problem down the road to a later generation.triffid

[the_big_m_in_ok]

I agree with Lee about China's debt problem.

Right, but there's something else I'm noticing here in San Francisco:
Fewer people in the local public library.
       The low-  to  very-low-income  people go the the library to get out of the weather elements.
I regularly see empty chairs in front of computer terminals.

Where are all these people?

I can easily jaywalk across Market St., even at noon.   That would've been impossible 1-2 yrs. ago.   Those cars are gone.

Am I the only one who sees this going on?

--Lee

[sm0ky2]

S.F. screwed themselves by allowing the corporate interests to take over
it's not only expensive, but inconvenient to exist there.


Besides the fact that the city itself is the very place our grandparents
talked about....
walking to school in the freezing rain, uphill both ways...


Undeniably one of the least desirable places in America.


looking for the population?
cross the south bridge, they all moved out.

[profitis]

"looking for the population?
cross the south bridge, they all moved out.".....    thanx

[triffid]

Just when I thought it couldn't get worse I find this news:
Two companies are currently engaged in the late stages of commencing to mine seafloor massive sulfides. Nautilus Minerals is in the advanced stages of commencing extraction from its Solwarra deposit, in the Bismarck Archipelago, and Neptune Minerals is at an earlier stage with its Rumble II West deposit, located on the Kermadec Arc, near the Kermadec Islands. Both companies are proposing using modified existing technology. Nautilus Minerals, in partnership with Placer Dome (now part of Barrick Gold), succeeded in 2006 in returning over 10 metric tons of mined SMS to the surface using modified drum cutters mounted on an ROV, a world first. Neptune Minerals in 2007 succeeded in recovering SMS sediment samples using a modified oil industry suction pump mounted on an ROV, also a world first.


Potential seafloor mining has environmental impacts including dust plumes from mining machinery affecting filter-feeding organisms, collapsing or reopening vents, methane clathrate release, or even sub-oceanic land slides. A large amount of work is currently being engaged in by both the above-mentioned companies to ensure that potential environmental impacts of seafloor mining are well understood and control measures are implemented, before exploitation commences.
Attempts have been made in the past to exploit minerals from the seafloor. The 1960s and 70s saw a great deal of activity (and expenditure) in the recovery of manganese nodules from the abyssal plains, with varying degrees of success. This does demonstrate however that recovery of minerals from the seafloor is possible, and has been possible for some time. Interestingly, mining of manganese nodules served as a cover story for the elaborate attempt in 1974 by the CIA to raise the sunken Soviet submarine K-129, using the Glomar Explorer, a ship purpose built for the task by Howard Hughes. The operation was known as Project Azorian, and the cover story of seafloor mining of manganese nodules may have served as the impetus to propel other companies to make the attempt.