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Friday Open Thread

by Fran Fri Apr 26th, 2013 at 10:35:14 AM EST

Let's have it...


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Hell must be freezing over - I am agreeing with Barbara Bush!

Barbara Bush On Jeb Running For President: 'We've Had Enough Bushes'

Appearing in an interview Thursday on NBC's "Today" show, Mrs. Bush was asked how she felt about Jeb, the former governor of Florida, seeking the presidency in 2016.

Mrs. Bush replied, quote, "We've had enough Bushes."

by Fran on Fri Apr 26th, 2013 at 10:36:37 AM EST
The woman of whom Nixon, himself the Master of Dark Arts, once said "She's interesting. She knows how to hate"

keep to the Fen Causeway
by Helen (lareinagal at yahoo dot co dot uk) on Fri Apr 26th, 2013 at 11:34:18 AM EST
[ Parent ]
Daily Kos: Monsanto Exempt from GMO Prosecution
Early this month Roy Blunt hid language protecting Monsanto from judicial review of its GMO regardless of the consequences to Human health, Congress passed it without knowing what the bill said and Obama signed it
by Fran on Fri Apr 26th, 2013 at 12:55:25 PM EST
Rolling Stone - Matt Taibbi - Everything Is Rigged: The Biggest Price-Fixing Scandal Ever

Conspiracy theorists of the world, believers in the hidden hands of the Rothschilds and the Masons and the Illuminati, we skeptics owe you an apology. You were right. The players may be a little different, but your basic premise is correct: The world is a rigged game. We found this out in recent months, when a series of related corruption stories spilled out of the financial sector, suggesting the world's largest banks may be fixing the prices of, well, just about everything.

You may have heard of the Libor scandal, in which at least three - and perhaps as many as 16 - of the name-brand too-big-to-fail banks have been manipulating global interest rates, in the process messing around with the prices of upward of $500 trillion (that's trillion, with a "t") worth of financial instruments. When that sprawling con burst into public view last year, it was easily the biggest financial scandal in history - MIT professor Andrew Lo even said it "dwarfs by orders of magnitude any financial scam in the history of markets."

That was bad enough, but now Libor may have a twin brother. Word has leaked out that the London-based firm ICAP, the world's largest broker of interest-rate swaps, is being investigated by American authorities for behavior that sounds eerily reminiscent of the Libor mess. Regulators are looking into whether or not a small group of brokers at ICAP may have worked with up to 15 of the world's largest banks to manipulate ISDAfix, a benchmark number used around the world to calculate the prices of interest-rate swaps.



keep to the Fen Causeway
by Helen (lareinagal at yahoo dot co dot uk) on Fri Apr 26th, 2013 at 01:16:02 PM EST
Of course prices are fixed. Modern economies cannot work with unfixed prices and unmanaged demand. In particular, modern financial markets cannot work without interest rate fixing.

The problem is not price-fixing, the problem is that the price-fixing is done by gangsters.

- Jake

Friends come and go. Enemies accumulate.

by JakeS (JangoSierra 'at' gmail 'dot' com) on Fri Apr 26th, 2013 at 09:22:58 PM EST
[ Parent ]
Ken Langone Worked Himself Up To An Epic Paul Krugman Rant On Bloomberg TV:

Billionaire financier Ken Langone is known for his outspoken views on economic policy, so today he appeared on Bloomberg TV to discuss generational theft ...

"The thing about 1% like me there's a limit. What's the limit 100% of my income. Unless you say now he's got no income let's go after his assets. We may get there ... The money either comes from taxes or other activities... or a willing and compliant Fed saying how many bars you got? $1 billion? Turn the presses on! This is simple stuff! My problem with the Krugmans of the world is that they're brilliant ... they just may be too brilliant ... Losing weight is not a very scientific endeavor you consume less calories than you burn you lose weight ... so let's stop all this crap with all of these high fallutin' thoughts and ideas. You know what happens to people their eyes glaze over, I don't know what the hell he's saying."

I'll have the oil and vinegar dressing with my word salad.


She believed in nothing; only her skepticism kept her from being an atheist. -- Jean-Paul Sartre

by ATinNM on Fri Apr 26th, 2013 at 01:16:35 PM EST
a willing and compliant Fed saying how many bars you got?
!? Goldbuggery?

"It is not necessary to have hope in order to persevere."
by ARGeezer (ARGeezer a in a circle eurotrib daught com) on Fri Apr 26th, 2013 at 01:22:19 PM EST
[ Parent ]
And we should go after his wealth.


"It is not necessary to have hope in order to persevere."
by ARGeezer (ARGeezer a in a circle eurotrib daught com) on Fri Apr 26th, 2013 at 01:22:59 PM EST
[ Parent ]
What did I just read?

you are the media you consume.

by MillMan (millguy at gmail) on Fri Apr 26th, 2013 at 03:18:49 PM EST
[ Parent ]
...At the new Bush Liberry.



"Life shrinks or expands in proportion to one's courage." - Anaïs Nin

by Crazy Horse on Fri Apr 26th, 2013 at 03:17:39 PM EST
I'm reading that the 60 MW alpha ventus off-shore wind farm generated 268 GWh last year, 15% above plan. If I did my calculations right, that's a capacity factor of 51.0%! A question to the wind experts here: do you have comparative capacity factor numbers on European off-shore wind farms?

BTW, there is a new connection between wind power and train technology beyond motor/generator technology: condition monitoring. Railway company Knorr-Bremse teamed up with SKM to create condition monitoring for train running gear, based on SKM's experience with wind turbine gear condition monitoring.

*Lunatic*, n.
One whose delusions are out of fashion.

by DoDo on Fri Apr 26th, 2013 at 03:41:17 PM EST
Alpha Ventus is a public/private joint demo project, so its performance is (relatively) public. For almost all of the others, only the stakeholders have access to performance data (and those under a strong NDA).

but yes, that's seriously fine performance two years running. The real question is at what cost for O&M. As we speak, AV is installing  and testing lights, so the extensive (one surmises) O&M needed to achieve such CF can be run 24/7.

From DOTI (EWE, E.on und Vattenfall): "Langfristig ist es dabei unser Ziel, den Serviceaufwand für die Anlagen weiter zu reduzieren. Die Erfahrungen dabei kommen nicht zuletzt auch den Folgeprojekten zugute."

Official PR Here  (Link auf Deutsch, can be directed to english site)

CH translate:  Our long term goal is to reduce the O&M costs for the windpark. This experience will benefit the pipeline (future) projects.

The large rotor multi-MW turbines can not effectively operate without highly sophisticated condition monitoring, or O&M skyrockets. It is certainly gratifying to realize that we made some advances which can now be transferred to other industries.

"Life shrinks or expands in proportion to one's courage." - Anaïs Nin

by Crazy Horse on Fri Apr 26th, 2013 at 04:57:58 PM EST
[ Parent ]
I'd add that other recent projects financed by banks are getting nice capacity factors too, and their O&M budgets are under a lot of scrutiny. Now turbine manufacturers can always spend more themselves and not charge the projects, but they seem keen these days to offer fixed price long term O&M contracts, so they must be earning money with what they are being paid now.

Wind power
by Jerome a Paris (etg@eurotrib.com) on Fri Apr 26th, 2013 at 05:10:52 PM EST
[ Parent ]
40 to 50% is the general expectation, depending on the area (and how conservative you are). German offshore should generally get 50% or more (the Areva 5000 at Alpha Ventus has a relatively small rotor at 116m; they are now selling the same model with a 135m rotor, which should increase the  capacity by several %

We posted the data from Denmark

The two big ones are at 40-45% (Nysted & Horns Rev) with old turbines (orns REn is in the North Sea, Nysted on the Baltic sea side)

Wind power

by Jerome a Paris (etg@eurotrib.com) on Fri Apr 26th, 2013 at 05:08:20 PM EST
[ Parent ]
to be clear, these projects represent some 600 MW of current 5,000 MW, and almost all near shore. Further, all of the turbines are standard onshore turbines upgraded to deal with marine conditions. All installed before the development of true offshore turbine technology. They bear little relation to the majority  of the current 5GW.

to assess performance, we must be able to look at projects installed after 2009, primarily Round 2 UK. These begin to represent the current state of the art.

"Life shrinks or expands in proportion to one's courage." - Anaïs Nin

by Crazy Horse on Sat Apr 27th, 2013 at 10:36:55 PM EST
[ Parent ]
CH, do you have any links or can tell where to look? Some folks need to be hit over the head with these numbers
by mustakissa on Sun Apr 28th, 2013 at 06:28:33 AM EST
[ Parent ]
As i said upthread, i believe all of the modern projects hide their performance behind strong NDAs. If there are any which don't, perhaps J is aware of them. Perhaps the grid networks have some aggregate numbers. But i simply don't know, and wish i did.

"Life shrinks or expands in proportion to one's courage." - Anaïs Nin
by Crazy Horse on Sun Apr 28th, 2013 at 07:30:57 AM EST
[ Parent ]
The Danish grid operator publishes aggregate data. They will almost certainly be able to provide data for individual wind farms, but whether they want to or not I do not know.

- Jake

Friends come and go. Enemies accumulate.

by JakeS (JangoSierra 'at' gmail 'dot' com) on Sun Apr 28th, 2013 at 08:35:19 AM EST
[ Parent ]
> If I did my calculations right

Don't know bout that, but somehow I'm getting the same percentage two different ways from the numbers in the press release: from the 4460 hours of full power equivalence, and from the nominal 5*12 MW capacity...

by mustakissa on Sun Apr 28th, 2013 at 09:54:54 AM EST
[ Parent ]
Because it's Friday:

by ThatBritGuy (thatbritguy (at) googlemail.com) on Fri Apr 26th, 2013 at 05:01:53 PM EST
As a charter member of the tyrannosaurus rex and pink flamingo liberation fronts, i categorically reject these animalistic stereotypical portraits of our eating habits.

We however, refrain from commenting on the proclivities of technology savvy humans with too much digital time on their "hands." Have you ever seen the shit they eat?

"Life shrinks or expands in proportion to one's courage." - Anaïs Nin

by Crazy Horse on Fri Apr 26th, 2013 at 05:16:11 PM EST
[ Parent ]


"Life shrinks or expands in proportion to one's courage." - Anaïs Nin
by Crazy Horse on Fri Apr 26th, 2013 at 05:08:13 PM EST


The Euro will outlivebury us all --- Jean-Claude Juncker
by Carrie (migeru at eurotrib dot com) on Sat Apr 27th, 2013 at 05:05:30 AM EST
brilliant

keep to the Fen Causeway
by Helen (lareinagal at yahoo dot co dot uk) on Sat Apr 27th, 2013 at 08:16:12 AM EST
[ Parent ]


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