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Posted on January 13th, 2013 in News and Commentary
NEW YORK TIMES: ?.?Neither the Treasury Department nor the Federal Reserve believes that the law can or should be used to facilitate the production of platinum coins for the purpose of avoiding an increase in the debt limit,? Anthony Coley, a Treasury spokesman, said in a written statement.
The Obama administration has indicated that the only way for the country to avoid a cash-management crisis as soon as next month is for Congress to raise the ?debt ceiling,? which is the statutory limit on government borrowing. The cap is $16.4 trillion.
?There are only two options to deal with the debt limit: Congress can pay its bills, or it can fail to act and put the nation into default,? Jay Carney, the White House press secretary, said in a statement. ?Congress needs to do its job.? ?? (more)
EDITOR:? The administration can allow the Republicans to shut down the government, enrage the populous, and then use then ?reluctantly? invoke the power under the 14th Amendment to the Constitution to set aside the debt limit.? The Republicans are bluffing into a pat hand.
Source: http://newslanc.com/2013/01/13/46782/
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Reuters
A fire approaches the Newell Highway near Coonabarabran, Australia, in this handout photo provided by the Rural Fire Service on Monday.
By James Grubel, Reuters
CANBERRA -- Raging wildfires destroyed dozens of homes and licked at Australia's leading optical space observatory on Monday, officials said, but spared giant telescopes that have mapped far-away galaxies and discovered new planets.
Less fortunate were a father and son who police arrested after a fire was lit deliberately to destroy illegal drug laboratories they were alleged to be running in dense bushland. Police were closing in on the drug labs when the fire was lit.
More than 140 fires are burning across vast areas in the north and west of New South Wales, Australia's most populated state, and in the island state of Tasmania despite cooler weather giving firefighters some respite.
A searing heat wave had fueled the fires over the past week. Only one person, an elderly firefighter working alone in Tasmania, has died so far in the fires.
The biggest blaze, with a perimeter of 60 miles, destroyed around 100,000 acres of bush-land and 28 homes around the Warrambungle National Park in New South Wales.
A grandfather in Tasmania recounts how he saved his five grandchildren by taking sheltering under a jetty in the sea for three hours as wildfires raged around them. ITV's Paul Davies reports.
That fire also forced the evacuation of the Siding Springs Observatory, which houses 15 major telescopes.
Cameras inside the mountain-top observatory showed large flames and thick smoke sweeping over it. There appeared to be little damage to telescopes and dishes but scientists have been unable to visit the site yet to assess any damage.
"We do not yet know what impact the extreme heat of the ash might have on the telescopes themselves," said Erik Lithander, acting vice chancellor of the Australian National University, which operates the observatory.
The fire damaged five buildings at the observatory, including accommodation for visiting astronomers, but Lithander said scientists were confident the telescopes would still work.
Siding Springs is home to the 13-ft Anglo-Australian Telescope, which has surveyed 200,000 galaxies and was instrumental in confirming the existence of dark energy.
That discovery led to Australian Brian Schmidt sharing the 2011 Nobel Prize for physics.
The observatory has also helped find more than 30 new planets over the past decade and is being used to map the southern sky.
In Sydney, police arrested two men late on Sunday over a fire that broke out in the Blue Mountains National Park west of the city last week. The fire destroyed more than 50 hectares of bushland in the Blue Mountains, a popular tourist destination.
Police said they had been aware of the illegal, outdoor drug labs but were forced to postpone a raid due to the extreme fire danger in the area last week.
"The two sites ... were only accessible by foot and required police to trek through tick, leech and snake-infested scrubland to reach them," New South Wales police said in a statement on Monday.
Police said a father and son had been charged with "the large commercial manufacture of a prohibited drug" and contaminating a water catchment area. The younger man was also charged with lighting the fire.
Related stories:
Family escapes Australian 'tornadoes of fire' by clinging to jetty for 3 hours
PhotoBlog: Images of devastating blazes ravaging Australia
Full international coverage from NBC News
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CAR OF THE FUTURE, from the vantage of 1912
December 1963
Cold War
?Premier Khrushchev, in a note of congratulation on John H. Glenn's orbital flight, had suggested last February that the U.S. and the U.S.S.R. pool some of their space-research efforts. President Kennedy answered by proposing co-operation in space medicine, weather satellites, communications satellites, mapping the earth's magnetic field and tracking space vehicles. Last June, Soviet rocket expert Anatoli A. Blagonravov and Hugh L. Dryden, Deputy Administrator of the National Aeronautics and Space Administration, met and drew up recommendations for specific joint programs in three of those areas. After approval by both governments?and a short delay caused by the Cuban crisis?the agreement was announced during the U.N. debate on the peaceful uses of outer space.?
January 1913
Motorcar Musings
?The automobile of the future will look no more like the motor car of to-day than the limousine of 1913 looks like the dos-?-dos of 1896. The limousine or torpedo touring car of the present year is but a link in the gradual transformation of the horse-drawn buggy into the completely enclosed, dust-proof, silent and comfortable ?car of the future.? In outward appearance the car resembles a submarine boat more than it does a carriage. Its long cigar-shaped body encloses everything except the wheels [see illustration].?
Piltdown Man
?In Piltdown Common, Sussex, England, an English paleontologist, Mr. Dawson, discovered, about a year ago, a fairly complete human skull representing the most ancient relic of the human race in the British Isles, and one of the oldest found anywhere. The Piltdown skull might be said to stand about half way between the gorilla and modern man?neglecting the fact that the gorilla is more massive in body than man. Nevertheless, the Piltdown skull represents a considerably higher type, it seems, than the Neanderthal race, which has a much more slanting forehead. It appears, therefore, that at least one very low type of man with a comparatively high forehead was in existence in western Europe long before the low-browed Neanderthal man became widely spread in this region.?
Doubts lingered about the fossils, and in 1953 three British scientists conclusively proved that Piltdown Man was a hoax.
January 1863
Crime Hysteria
?The London Daily News says that the garotte panic is very widespread in that great city, and is driving the citizens to very ridiculous measures for protection. Revolvers and bowie-knives are simple weapons compared with the dangerous arms which some self-defenders carry. Bludgeons that shoot out bayonets and sticks that contain daggers and swords are now sold more openly in the city streets than oranges or chestnuts. Meetings have been held and anti-garotte societies formed for mutual protection. However, despite these precautions, garotte robberies seem to be on the increase, and all London, that is all moneyed London, is in turmoil and alarm.?
Information from Light
?Recent scientific discoveries have conferred upon man new powers of investigation, whereby nature has been made to reveal secrets so subtile that they never had been dreamt of before in philosophy. Sir Isaac Newton first dissected a ray of light, and proved that it was composed of several colors, but the subject has recently been elevated into a special science, called ?spectral analysis,? by the splendid discoveries of the two German professors?Kirchoff and Bunsen. Professor Kirchoff used four prisms of very perfect workmanship to examine the solar spectrum through a telescope having a magnifying power of 40. He saw whole series of nebulous bands and dark lines, and a new field of vision, like that first developed by the microscope, was opened up. These dark lines it is conjectured have been made to reveal the chemical composition of the sun's atmosphere.?
NOTE: 150 years after Abraham Lincoln's Emancipation Proclamation, take a look at Scientific American's views back then on the institution of slavery at www.ScientificAmerican.com/jan2013/slavery
This article was originally published with the title 50, 100 & 150 Years Ago.
Source: http://rss.sciam.com/click.phdo?i=50cb42ef839f9c36df4c0b1267b858a7
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16 hrs.
Tom Rotunno , CNBC.com
Budweiser Black Crown will make its national television debut in a spot fit for a king.
The new Budweiser brand extension from Anheuser-Busch InBev will be appearing in the highly coveted "A1" spot in Super Bowl XLVII on Sunday, Feb. 3, making it the first commercial to air following kickoff.?
The first commercial viewers will see is "Coronation," a thirty-second spot for Budweiser Black Crown directed by Samuel Bayer of Serial Pictures, who also directed Chrysler's Emmy-winning "Born of Fire" ad for the 2011 Super Bowl. The prime "A1" placement is a spot Anheuser-Busch has held since 1987.
"It's unique in that you never really have an event where the consumers are tuning in to watch the commercials," said Paul Chibe, vice president of U.S marketing at Anheuser-Busch InBev. "People are watching and waiting and anticipating the new (ads) that are coming on air. To use that position for a new launch gives us the opportunity to take that moment and have them become instantly aware of our new product, our new brand."
Budweiser Black Crown will reappear later in the game with another thirty-second spot called "Celebration."
(Read More: New Budweiser Brew Follows Familiar Playbook)
When it comes to this year's offerings from Anheuser-Busch InBev consumers can expect a mix of both new and traditional brands with a dose of sentiment and sophistication mixed in. The company will be debuting six ads for a total of four and half minutes of airtime.?
The sentimental spot is called "Brotherhood" and features the iconic Budweiser Clydesdales. Viewers will be given a look into the Clydesdales' early years in a sixty-second ad that chronicles the bond a Clydesdale foal shares with his trainer.
"It will be one that makes people smile, maybe put a little bit of a tear in their eye, it's a very emotionally evocative spot. It's a great piece and a nod to the tradition of the Clydesdales," Chibe said.?
Viewers can also expect two new sixty-second ads for Bud Light, the official beer sponsor of the NFL. The ads, titled "Journey" and "Lucky Chair" will continue the "Superstitious" theme the brand used during the NFL regular season. The campaign plays off the traditions and rituals fans use to "help" their team win. For Chibe, the ads work because fans can see a little bit of themselves in them.
(Read More: Nyet! Beer No Longer Considered Food in Russia)
"There is a human truth to it. It's what people do. People can laugh and enjoy the moment because they all know things they do themselves or that other people do that adds to their engagement of NFL football," he continued.
While long-time ad watchers love to see what ads the established brands roll out, the Super Bowl has become a key piece of Anheuser-Busch InBev's strategy in introducing new products.
Chibe attributed last year's Super Bowl debut of Bud Light Platinum with setting the brand on a course to becoming the most successful beer launch of 2012. Platinum sold nearly 14 million cases last year and captured a one percent market share.?
"It was extremely critical because we were able to achieve our objectives much more quickly than we had planned. (With) over 100 million viewers it gives you an instant shot of awareness," Chibe said.
In the shadow of last year's success with Bud Light Platinum, Budweiser Black Crown now steps into the prime-time spotlight. But it won't be the only new Anheuser-Busch InBev brand making its debut. The company will also have a spot for another recent brand extension, Beck's Sapphire, which is named after the German saphir hops used in the brewing process.
Beck's Sapphire is packaged in a sleek all black bottle which the company spent two years perfecting. The thirty second ad, titled "Serenade", involves "a surprise admirer that is mesmerized by (the bottle's) beauty." Chibe says the goal is to express the luxury of the Beck's brand but in a surprising and different way.
"What you'll see is something completely different than anything you've ever seen" he says. "Because the sapphire gem is a rare jewel we decided to think about how a luxury jeweler would market the brand. So it will be a very sophisticated but very different approach than one might expect from a beer."
A new factor Anheuser-Busch InBev must contend with that didn't exist even a few short years ago: social media. No longer will it have to wait until the next morning for newspaper reviews to see which spots resonated. Fan engagement is out in the open on Facebook and Twitter and as a result is now a big part of the Super Bowl activation.?
"If you've made an investment in the Super Bowl, you can't ignore the opportunities you have to amplify it in social media before, during and after the telecast," Chibe said. "Facebook and Twitter provide you with an amazing amount of rich information about how people perceive the work you're putting on air."
Budweiser saw an immediate spike in buzz surrounding the Bud Light Platinum debut in last year's game. Company metrics indicate #MakeItPlatinum was the No. 2 most used Twitter hashtag among Super Bowl advertisers.?
And the buzz didn't stop when the game ended, with additional metrics showing the Bud Light Platinum brand being mentioned over 130,000 times in social media and #MakeItPlatinum used over 50,000 times over the course of the next year.
Still, while the ads change from year to year, and technology may cause adjustments to the way Anheuser-Busch InBev approaches consumer engagement, Super Bowl brand promotion still comes back to one simple truth: the natural connection between beer and football.
"The Super Bowl is the ultimate beer occasion," Chibe said. "You're getting together with friends, you're enjoying the game. Watching football is one of the most important beer drinking occasions. So to be linked with the (game) that is the icon of beer consumption occasions is something that we are proud of."?
Source: http://www.nbcnews.com/business/budweiser-unveils-its-super-bowl-ad-lineup-1B7938946
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In Ezra Klein?s WonkBlog today, he reports that Treasury Department spokesperson Anthony Coley told him that the U.S. treasury will not mint a trillion-dollar platinum coin to circumvent the debt ceiling.
If they did, Klein believes, the Federal Reserve would not allow it to happen.
Coley told Klein, ?Neither the Treasury Department nor the Federal Reserve believes that the law can or should be used to facilitate the production of platinum coins for the purpose of avoiding an increase in the debt limit.?
According to Klein, the Treasury would be unable to mint the coin without the backing of the Federal Reserve anyway.
RELATED: Colbert Relentlessly Mocks ?Silly? Idea To Solve Debt Crisis With Trillion-Dollar Coin
The idea of minting a platinum coin has been around for several years but gained support just after the fiscal cliff negotiations earlier this year. Many, including GOP Congressman Greg Walden (R-OR), called it a ?laughable? idea. Walden planned to introduce a bill to stop the Treasury from being able to mint the coin. On the other side of the debate was Rep. Jerry Nadler (D-NY) who said the idea may ?sound silly? but was ?absolutely legal.?
The White House, it seems, never seriously considered the idea, with Press Secretary Jay Carney saying there was ?no substitute? for congressional action on the debt crisis.
h/t WaPo
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