The Daily Parker

Politics, Weather, Photography, and the Dog

Clunk

British and French newspapers reported early this week that two of their submarines collided two weeks ago:

The Ministry of Defence was under intense pressure last night to explain how the [HMS] Vanguard, which can carry 48 nuclear warheads on 16 missiles, had managed to crash into Le Triomphant - payload 16 missiles - in an incident which some experts say could have caused a nuclear catastrophe.

The underwater collision happened earlier this month and was at low speed, and no injuries were reported among the total of 240 sailors on the two boats. However some damage was done to both, though officials stressed that none of their nuclear equipment had been damaged.

Three things occurred to me reading about this incident, which the news organizations I consulted don't appear to have grasped:

  1. Ballistic missile submarines patrol at speeds under 4 knots. They're exponentially more detectable at higher speeds. So it follows that the damage they did to each other was very light, because if they'd been moving fast enough to cause more damage, they'd have heard each other.

  2. You can't detonate a nuclear weapon by hitting it, so any environmental risk comes from the reactors powering the boats. However, I think it's important to weigh those risks against (a) the (very small) risk of a nuclear attack on France and the UK that these boats deter, and (b) the routine punishing damage that the merchant fleets of the world do to the oceans every minute. Remember the Exxon Valdez disater, the Amoco Cadiz disaster, and the ongoing disaster of 1.1 million liters of wastewater a typical cruise ship discharges every day.

  3. Notice how neither France nor the UK will say where or exactly when the collision occurred? If they won't even tell each other where their subs patrol, of course they won't tell anyone else. My question: what are they targeting? Typically you put submarines just a few hundred kilometers from their targets. Right now, for example, I would bet money that there are U.S. subs inside the Sea of Japan and Russian subs closer to Los Angeles than L.A. is to Fresno. Everyone knows who the U.S. and Russia are pointing missiles at. Who's France pointing at? Britain? (Read that either "At Britain?" or "And Britain?", your choice.)

Curious. Very curious.

Mumbai

Why? Why? Why?

The only thing that makes sense to me: someone wants to start a war. I hope to all humanity India and Pakistan keep their senses over the next few days. So do the Indians and Pakistanis, I expect.

Buy Nothing Day

Today (in North America; tomorrow worldwide) is the 17th Annual Buy Nothing Day, "sponsored" by Adbusters:

Suddenly, we ran out of money and, to avoid collapse, we quickly pumped liquidity back into the system. But behind our financial crisis a much more ominous crisis looms: we are running out of nature… fish, forests, fresh water, minerals, soil. What are we going to do when supplies of these vital resources run low?

There’s only one way to avoid the collapse of this human experiment of ours on Planet Earth: we have to consume less.

It will take a massive mindshift. You can start the ball rolling by buying nothing on November 28th. Then celebrate Christmas differently this year, and make a New Year’s resolution to change your lifestyle in 2009.

It’s now or never!

Porsche: tight in corners

I just read a fascinating story in The Economist that would have probably gotten more attention in the U.S. but for our recent distractions. It seems Porsche made possibly €12 billion on the Deutsche Bourse by cornering the market in Volkswagen shares:

Porsche’s gambit was as old as finance itself. For about three years it had been steadily increasing its stake in VW, a much larger yet less profitable carmaker with which it shares a little production. Its buying had driven up the price of VW’s shares to above the level at which it would make any economic sense for Porsche to buy VW. Seeing this, hedge funds sold shares in VW that they did not own. One strategy was a bet that VW’s share price would fall. Some also bought shares in Porsche, in a wager that shares of both would converge.

...

[O]n October 26th it executed a handbrake turn, saying that it owned nearly 43% of VW’s shares outright and had derivative contracts on nearly 32% more. That meant it had tied up almost all of the freely available shares (the rest are held by the state government and index funds). Hedge funds quickly did the maths, concluding that they could be caught in an “infinite squeeze” in which they were forced to buy shares at any price.

Huh. Sucks to own a hedge fund right now.

Good morning, I think

Take out the trash day? Or just an ordinary Friday during these interesting times? Since lunch yesterday:

  • Despite all the McCain Campaign's efforts to keep it under wraps for just three more weeks, an Alaskan legislative investigation released a report alleging Gov. Palin abused her power by trying to get her brother-in-law fired from a state job.
  • Chrysler and GM are in merger talks.
  • The administration (101 days, 4 hours left) took North Korea off the list of state sponsors of terrorism, leaving only one country in what can't really anymore be called the "axis of evil."
  • Oil dropped to $78, its lowest price since last September, on fears of a global slowdown.

Finally, a wonderful quote whose attribution I can't find: "President Bush isn't so much a lame duck at this point as a wooden decoy."

Morford on the World Vote

San Francisco's Mark Morford also noticed the Economist's "if the world could vote" tool:

But come on, it can't be that much of a global landslide, right? Surely there must be some stiff, stoic nations out there who'd want a grumpy, tempestuous military man to lead the U.S., if only to have someone to play with in the grand sandbox of war and intolerance and oily greed?

Is there really no military junta, no dictator, no incensed bomb-gathering nation that really wants McCain, if only for the joy of mutual saber-rattling and for refreezing the Cold War? Putin fanatics? Tories? Papal knaves? Anyone?

Nope.

McCain gets Georgia (of course). And maybe Macedonia. Slovakia is relatively close, but leaning Obama. And, well, that's about it. At last tally, of the 9,875 available global electoral votes (195 participating nations, including the U.S.), Obama has 8,482.

McCain has 16.

Yeah. And those 16 include those in the U.S.

26 days, 16 hours until polls open.

If the world could vote...

At this writing, The Economist's readers prefer Obama 8,146 to 3.

No, that's not a typo, it really is a ratio of 2700:1.

I should point out, The Economist is a conservative newspaper.

Of course, as McCain's supporters would be quick to point out, their readership is almost exclusively highly-educated, well-read, and wealthy, not the sorts of people you'd want to hunt moose with. Good thing they're not running the world or anything.

Stephen, we hardly knew ye

Canada's Conservative government has called a snap election:

Prolonged speculation over whether Canada’s minority Conservative government would call an early election has ended with Prime Minister Stephen Harper’s announcement that voters will go to the polls on October 14th. This is a full year ahead of the date Mr Harper proposed in legislation submitted after he assumed power in January.

...

This will be the third national election for Canada in just over four years, and highlights the difficulty recent governments have had in garnering majority support at the polls. Both the major parties had for months appeared wary of pushing for an early election until they had strong enough backing to win a majority. Until recently the Conservatives enjoyed a slim lead in opinion polls, allowing them to force the Liberals to back down in parliament. Some recent polls show both parties holding nearly equal popular support. The Tories have been damaged by a series of scandals that have tarnished their public image; the latest of these, a campaign-financing scandal, is currently being examined by a parliamentary committee. This has benefited the Liberals....

To some extent, I'm envious of the Canadian system. Last week no one knew they'd have an election this year, and before our third Presidential debate (and three weeks ahead of our own election), they'll either have an entirely new government or the Tories will have a mandate for five more years.

Do you think their campaign will be about patriotism, pigs, or POWs? No? Neither do I.

Now they're really cross

Columbian president Alvaro Uribe admitted today that members of the hostage-rescue team last week wore the Red Cross symbol during the mission, which is a serious violation of the laws of war:

Such a use of the Red Cross emblem could constitute a "war crime" under the Geneva Conventions and international humanitarian law and could endanger humanitarian workers in the future, according to international legal expert Mark Ellis, executive director of the International Bar Association.

...

Misuse of the Red Cross emblem is governed by articles 37, 38 and 85 of Additional Protocol One to the Geneva Conventions, the international rules of war. The articles prohibit "feigning of protected status by the use of ... emblems" of neutral parties and say that such misuses are considered breaches of international humanitarian law that qualify as a "war crime."

Oops.