Month: August 2012

Chinese Ultra-Luxury Car Bubble Pops As 1 Year Old Used Lamborghini Gallardo Sells 70% Off Sticker

by

– Chinese Ultra-Luxury Car Bubble Pops As 1 Year Old Used Lambo Gallardo Sells 70% Off Sticker (ZeroHedge, July 31, 2012):

Rumors are circulating that reports of the demise of the Chinese auto market may be exaggerated now that even David Einhorn is forced to defend his GM long (because it “has a strong cash position” – sure, and stuffs channels like no other) however stripped of stereotypes and hype, the reality is that even the one time impregnable ultra luxury car market in China is now faltering at an ever faster pace. BusinessWeek reports: “Waiting lists for ultra-luxury cars in Hong Kong are getting shorter and used-car lots are cutting prices on Lamborghinis, Ferraris and Bentleys in the latest sign of China’s slowdown. At first glance, the numbers are deceiving: Sales of very expensive new autos surged 47 percent in the first six months, according to industry analyst IHS Automotive. Look more deeply, however, and another picture emerges, especially in the city’s used-car lots.” The picture is ugly: ““The more expensive the car, the more dry the business,” said Tommy Siu at the Causeway Bay showroom of Vin’s Motors Co., the used-car dealership he founded two decades ago. Sales of ultra-luxury cars have halved in the past two or three months, he said. “A lot of bankers don’t want to spend too much money for a car now. At this moment, they don’t know if they’ll have a big bonus.”” Sad: they should all just go to Singapore and manipulate Libor. Oh wait, too soon?

Curiously, unlike virtually every other manipulated asset class, Hong Kong car sales provide a somewhat insulated view into the heart of China’s beating economy:

Read moreChinese Ultra-Luxury Car Bubble Pops As 1 Year Old Used Lamborghini Gallardo Sells 70% Off Sticker

Worst India Outage Highlights 60 Years of Missed Targets: Energy (Businessweek)

by

– Worst India Outage Highlights 60 Years of Missed Targets: Energy (Businessweek, Aug 1, 2012):

India’s worst-ever power crisis is the legacy of 60 years of missed investment targets and on current projections fixing the nation’s electricity supply is still decades away.

The network in Asia’s third-largest economy loses 27 percent of the power it carries through dissipation from wires and theft, while peak supply falls short of demand by an average of 9 percent, according to India’s Central Electricity Authority. Some 300 million people, or one in every four, remain without links to the grid and the number will still be about 150 million by 2030, according to the Paris-based International Energy Agency.

Read moreWorst India Outage Highlights 60 Years of Missed Targets: Energy (Businessweek)

Facebook, FaceBerg, Fadebook Hits 21 The Hard Way … Down 53% From Its IPO-Day Highs

by

– FaceBerg Hits 21 The Hard Way (ZeroHedge, July 31, 2012):

Was it only two months ago that Faceplant was heralded as bringing in the new era of well something… the public markets are a cruel friend it seems as FB just traded with a $21 handle for the first time – down a marvelous 53% from its IPO-day highs… Volume exploded once it crossed that barrier as we suspect Margin Stanley was aggressively defending its new line in the sand (how did that defense work at $38, $37, $35, and $30 – but maybe this time is different).

Behind India’s Grid Breakdown, Deeper Energy Issues And Opportunities (Video)

by

– Behind India’s Grid Breakdown, Deeper Energy Issues – and Opportunities (New York Times, July 31, 2012):

Here’s a look at the world’s biggest blackout and India’s underlying energy challenge by someone who works to bring electricity to the hundreds of millions of Indian citizens for whom the grid failures are an abstraction because they were never on the grid to begin with.

In June, at a summit in Manila on Asia’s energy future, I met Harish Hande, an award-winning Indian engineer and entrepreneur based in Bangalore who, since 1995, has built a company that provides energy assessments and solar panels or other sources of locally generated power to (mainly) rural Indian communities. We had several long conversations about how to affordably provide electricity in countries like India and the Philippines, with vast poor populations, both rural and urban.

With much of the electrified half of India suddenly thrown into the dark, I re-visited video I shot of parts of our conversation. Here’s a portion that’s highly relevant, in which Hande explains that urgent calls now to fix the grid or speed the building of more coal-burning power plants are unlikely to ameliorate the energy challenges confronting hundreds of millions of citizens there:


YouTube

I also invited Hande this morning to reflect on the current debate over India’s various energy gaps, and opportunities. Here’s his “Your Dot” contribution

It’s interesting that the rich in the states without power are complaining the most, about how they are suffering because of no air conditioners, etcetera. Yet 400 million Indians today still have not seen a light bulb while 200 million more regularly suffer from regular brownouts (between 6 and 19 hours).

Read moreBehind India’s Grid Breakdown, Deeper Energy Issues And Opportunities (Video)

Is Europe’s Largest Economy A Fraud?

by

– GM’s Channel Stuffing Goes To Germany: Is Europe’s Largest Economy A Fraud? (ZeroHedge, July 31, 2012)

We have long argued that auto manufacturers have been channel-stuffing (and subprime-lending) themselves back into a disaster and as such class-action lawsuits have begun. Recently we also pointed out the epidemic of dealer-inventory-stuffing in China (and again this morning the Chinese luxury car market’s over-stuffing). So today’s report from Reuters that German auto manufacturers have been stuffing dealer channels just like the rest of the world as Europe’s largest car market is in recession even if few outside of the industry would know it. “Essentially, the carmakers are deceiving their shareholders, since they make it look as if the vehicles were actually sold. They want to pull the wool over their eyes,” as three in every ten new vehicles in Germany are sold not to customers, but to carmakers and their dealers – a type of automotive industry pump priming known as “self-registration”. At nearly half a million such registrations in the six months through June, the total is greater than the entire new car market in Spain. Is Germany’s economy really what it is reported to be given all this fake demand pull-forward – or is it a total fraud?

Via Reuters

Reality versus ‘official’ figures:

Read moreIs Europe’s Largest Economy A Fraud?

Breaking News: Cancer Physician Speaks Out About Cancer Fraud

by

– Breaking News – Cancer physician speaks out about cancer fraud (Natural News, July 26, 2012):

In 1998, the National Cancer Institute (NCI) approved funding for a landmark cancer study comparing a nutritional enzyme approach to chemotherapy. Many supporters hoped that this clinical trial would bring together conventional scientists and alternative healthcare professionals. But, in reality, once promising research became one of the biggest cancer research scandals in United States history!

Now, for the first time ever, Nicholas Gonzalez, M.D. reveals how his enzyme-based approach was deliberately designed to fail compared to conventional (chemotherapy) treatment protocols for cancer. The next NaturalNews Talk Hour will forever change the way you look at “modern” cancer research and western medicine.

Read moreBreaking News: Cancer Physician Speaks Out About Cancer Fraud

Deep Underground Military Bases (D.U.M.B.S.) In California

by

FYI.

Related info:

– Deep Underground Military Bases (D.U.M.B.S.) – US Has Been Building Large Scale Underground Cities – For 2012?


YouTube

Description:

The first base is the Tejon RCS Facility owned by Northrop Grumman. 34 54’58.78″ N 118 30’20.73″ W

The second base is the Gray Butte RCS Facility owned by McDonnell Douglas. 34 33’21.72″ N 117 38’27.61″ W

The third base, which is confused for being Area 51, because of the underground installation, is Helendale Avionics Facility, owned by Lockheed Martin. 34 48’53.58″ N 117 15’24.53″ W

The fourth base, which is the strangest one is known as the Anthill. It looks like a Sumerian Zigurat. The base is connected to the hill. The road leading to the Anthill is called Mars Blvd, which is an appropiate name. There’s other interesting places, such as a large building above the Anthill, but there wasn’t enough time to show all these places. The roads leading off of Mars Blvd to the Anthill and other places such as the large building above the Anthill are called Edwards Airforce Station. The Anthill as well as the other bases shown in this video, are all in close proximity to each other, which suggests they may be connected to each other. Edwards Airforce Base is in the middle of the bases shown in this video. 34 51’47.23″ N 117 36’33.77″ W

The footage was filmed from an airplane by Gary Schultz. The audio is from an interview between Gary Schultz and Norio Hayakawa.

This website has information about these bases, http://www.thehowlandcompany.com/Bluefire.htm