Following is a link to the most detailed, in-depth article I have yet to read on GLOBAL Fukishima fallout…including fallout in the southern hemisphere (yes, dorothy).
Time to really start being careful about what you eat and drink…in most countries, and both hemispheres.
WHY: Transportation is the master key to survival. A new mode of transportation (independent of diminishing fossil energy) is necessary to achieving an environmentally sustainable yet thriving economy in an urbanized world.
WHAT: ET3™ is literally ‘Space Travel on Earth,’ a global transportation system that is silent, low cost, fast, secure, safe, and environmentally friendly.
HOW: ET3 utilizes automobile sized capsules weighting 400lb empty that carry 6 persons or 800 lbs of cargo. The magnetically levitated capsules operate in two-way networks of 5′ diameter tubes. Air is permanently removed from the sealed tubes to eliminate drag force. The use of portal airlocks allows capsule transfers without admitting air. The pressurized capsules are accelerated by linear electric motors; then they merge into the flow of capsules where they coast without using significant additional power. The system is automated. Full speed passive switching enables non-stop operation and enroute destination changes. Upon switching to an off-line portal access branch, the capsules decelerate with a linear generator that recovers acceleration energy.
VALUES: ET3 requires 1/30th of the materials of high speed rail, so construction costs a tenth as much. A pair of ET3 tubes at 350mph can exceed the capacity of a 40-lane freeway at half the cost of 4 lanes. ET3 capacity scales with design velocity. ET3 can provide 50 times more transportation per kWh than electric cars or trains, yet operates at 400mph domestic, to 4000mph international.
ET3 can also transport energy. ET3 eliminates risk of human error, mechanical failure, weather risks, and errant vehicles (since ET3 is automated, and the travel path is isolated).
THE COMPANY ET3: is the industry leader in all phases of ET3 technology. The company uses an open consortium business model to share information resulting in cooperative benefits.
Readiness: Billions of dollars worth of technology, hardware, production capacity and materials necessary to implement ET3 already exist.
Structure: The ET3 company (consortium model) shares it's patented IP with others by granting non-exclusive licenses to participants who agree to use the technology in a reciprocal manner with the company and other licensees.
Goal: The consortium model provides a market to maximize the profit potential for licensees and investors by leveraging existing talent and assets to: implement, manage and improve ET3 technology; thereby creating huge new markets for existing capacities.
HISTORY:
1910 Robert Goddard designed rockets and airless tube travel systems.
1970s Swissmetro and Rand studies of maglev trains in reduced pressure tunnels.
1985 Daryl Oster conceived ET3.
1997 company formed in Florida.
1999 First patent (US-5,950,543).
2002 &2005 ETT-HTSM technology exchange at SWJTU in China.
2005 –2011 ET3 consortium grows to 120 individuals, companies, and institutions in 9 countries.
2011 ET3 wins DaVinci Institute commercial product of the year award (NO CASH AWARD, the $500 value membership prize offset by $510 entry fees for no monetary gain).
FUTURE:
2yrs- a 3 mile demo at 375mph.
5yrs- 300 mile system connecting major cities.
10yrs- national networks.
20yrs- global ET3 network displacing up to 90% of global transportation.
Michael Hudson spoke with Max Keiser about what he calls “fictitious capital” which is essentially lending backed by inadequate capital, such as collateral that has fallen in value. This is an idea he has explored in his previous papers, such as “From Marx to Goldman Sachs” and now in his new book, The Bubble and Beyond.
Multinational companies are — at their own peril — ignoring a major market, according to Paul Polak. They're missing out on more than two billion customers who wouldn't just increase their profits, but could ensure their long-term survival.
Michel Bauwens examines how collaborative, commons-based production is emerging to challenge capitalism. Below, Hilary Wainwright responds
Capitalism in its present form is facing limits, especially resource limits, and in spite of the rapid growth of the BRICS (Brazil, Russia, India, China and South Africa) economies, is undergoing a process of decomposition. The question is whether the new proto-mode can generate the institutional capacity and the alliances able to break the political power of the old order.
Why the House's attempt to save defense spending might flop.
BY WINSLOW T. WHEELER | JULY 19, 2012
It was probably the most ballyhooed congressional hearing on defense for the year. As the monthly economic news continues to show poor job growth, and as the elections heat up, the Republican chairman of the House Armed Services Committee, Buck McKeon, and defense contractor Lockheed-Martin saw a major opportunity to protect the Pentagon budget and their bottom line. On Wednesday, just as the House of Representatives was about to debate the 2013 Department of Defense Appropriations bill, McKeon held a big hearing with Lockheed and other industry representatives to explain why the American economy could not possibly stomach the $55 billion in defense cuts set to occur in January, as required by last summer's Budget Control Act and the failure of the congressional “Super Committee” to cut a broad budget deal.
To those on the hill and elsewhere who suggest this growing ‘fiscal cliff' and ‘debt ceiling' crisis will all get solved, former Office of Management and Budget (OMB) Director David Stockman tells Bloomberg TV that “they will punt, punt, punt and kick the can with partial solutions driven by eleventh hour crisis-based extensions that will go on for the whole of the next term!” When asked whether this economy will be mired in the doldrums, he rather ominously states “it will be worse, because we will be in recession” and notes that when the lame ducks re-look at the budget numbers with a realistic recession (instead of the current assumption of no recession within 12 years) it will be far worse and in a political environment where ‘we cannot possibly raise taxes – and we cannot possibly cut spending'. With a 78% disapproval rating for the ‘do nothing' Congress, Stockman is surprised that 16% somehow approve – approve of what? His warning is that unlike in past periods, today “we are completely paralyzed, there is an ideological divide on taxes and entitlement like we've never had before” and while he realizes that “the debt problem doesn't become a debt problem until the market suddenly have a wake up call and realize that if the Fed doesn't keep printing, it's game over.”