U.S.News & World Report
Bailout, Take II: What the Feds Do Next
Monday September 29, 6:07 pm ET
By Rick Newman
OK, so that didn't work.
After a bunch of all-nighters in Washington and some premature back-slapping, we're right back where we were a couple of weeks ago, after Lehman Brothers declared bankruptcy and the government lent AIG $85 billion. There's no one-size-fits-all bailout plan, after all. That $700 billion in taxpayer money remains under lock and key. Glum investors are now the ones bailing out, fleeing stocks and bonds and seeking safer ground.
ADVERTISEMENT
But there are still some levers the government can pull. Working through the mess just won't be as orderly or predictable as it would if there were a single plan and a big pot of money. Here's what's likely to happen next:
Another try at a big bailout plan. A lot of those constituents who have been calling Congress to complain about rescuing fat cats are going to rethink their indignation as they watch the stock markets--and their own portfolios--sink. Lawmakers who voted against the bailout plan are going to have to explain why they're letting the markets collapse. The more uncomfortable voters get, the more likely Congress will be to pass some kind of sweeping relief plan. This is far from over.
More piecemeal bailouts. Before the big $700 billion bailout plan even existed, the Fed and the Treasury Department were already patching leaks in the financial system--one trouble spot at a time. The idea behind an umbrella bailout plan was to overhaul the whole system, establishing public standards and treating every ailing company more or less the same, before a bunch of leaks became a gusher. That would have eliminated the guesswork over whether a struggling company meets the criteria for a rescue--like AIG--or falls short, like Lehman Brothers.
Now we're back to guessing. The feds still have the wherewithal to lend money, buy bad assets, or take other measures to keep ailing companies afloat. What they don't have is a single plan that applies to all companies and the authority to soak up vast amounts of bad assets. So those weekend meetings at the New York Fed, with supplicant CEOs pleading for help, are likely to continue.
More failed companies. Duke University finance Prof. Campbell Harvey predicts there could be 750 to 1,000 bank failures over the next six months because of billions in bad assets stemming from the housing meltdown. Scarce credit also threatens other types of companies that are already struggling and desperately need capital, such as the Detroit automakers and some of the airlines. The government will be able to deal with some of those companies one at a time, but without a comprehensive plan, others will fall through the cracks.
Manic markets. Investors were hoping that a big bailout plan would offer some predictability about how the government will deal with struggling companies. Their crystal ball is once again very dark. That means wild swings in stock prices as big investors try to get out of the market ahead of bad news, and get back in if it looks like the feds will ride to the rescue. One of the most volatile sectors is likely to be regional bank stocks as investors worry that banks like Sovereign Bancorp and National City might be the next to fail.
Patchwork regulation. There's already a system in place for dealing with failed banks--led by the FDIC--but that may not be enough to handle the damage that's unfolding. Even without a big bailout bill, Congress may have to set up a new agency to deal with dozens or hundreds of bank failures, one similar to the Resolution Trust Corp. formed in the late 1980s. We could see a whole slew of lesser regulations, too, like restrictions on certain lending practices and higher federal coverage limits on bank deposits.
Continued government intervention. The Federal Reserve continues to pump huge sums of money into the global banking system in a desperate effort to prompt banks to loosen their grip on loans to companies, consumers, and one another. For now, that seems to be having little effect as banks absorb the startling news from Washington and hunker down. That may lead the Fed to pump out even more money and take other important steps, like cutting interest rates. Sooner or later, that will probably help loosen things up. Until then, however, it's apparently up to the markets to fix themselves. Plan accordingly.
By JULIE HIRSCHFELD DAVIS, Associated Press Writer
2 minutes ago
WASHINGTON - In a stunning vote that shocked the capital and worldwide markets, the House on Monday defeated a $700 billion emergency rescue for the nation's financial system, ignoring urgent warnings from President Bush and congressional leaders of both parties that the economy could nosedive without it. The Dow Jones industrials plunged nearly 800 points, the most ever for a single day.
ADVERTISEMENT
Democratic and Republican leaders alike pledged to try again, though the Democrats said GOP lawmakers needed to provide more votes. Bush huddled with his economic advisers about a next step. The House was to reconvene on Thursday instead of adjourning for the year as planned.
Stocks began falling even before the 228-205 vote to reject the bill was officially announced on the House floor. The 777-point decline for the day surpassed the 721-point previous record, on the day after the Sept. 11, 2001, terror attacks, though in percentage terms it was well short of the drops on Black Monday of October 1987 and at the start of the Depression.
In the House chamber, as a digital screen recorded a cascade of "no" votes against the bailout, Democratic Rep. Joe Crowley of New York shouted news of the falling stocks. "Six hundred points!" he yelled, jabbing his thumb downward.
Bush and a host of leading congressional figures had implored the lawmakers to pass the legislation despite loud protest from their constituents back home. Not enough members were willing to take the political risk just five weeks before an election.
More than two-thirds of Republicans and 40 percent of Democrats opposed the bill.
The overriding question for congressional leaders was what to do next. Congress has been trying to adjourn so that its members can go out and campaign for the election that is just five weeks away.
"The legislation may have failed; the crisis is still with us," said House Speaker Nancy Pelosi, D-Calif., in a news conference after the defeat.
"What happened today cannot stand," Pelosi said. "We must move forward, and I hope that the markets will take that message."
At the White House, Bush said, "I'm disappointed in the vote. ... We've put forth a plan that was big because we've got a big problem." He pledged to keep pressing for a measure that Congress would pass.
Republicans blamed Pelosi's scathing speech near the close of the debate — which attacked Bush's economic policies and a "right-wing ideology of anything goes, no supervision, no discipline, no regulation" of financial markets — for the vote's failure.
"We could have gotten there today had it not been for the partisan speech that the speaker gave on the floor of the House," Minority Leader John Boehner said. Pelosi's words, the Ohio Republican said, "poisoned our conference, caused a number of members that we thought we could get, to go south."
Rep. Roy Blunt, R-Mo., the whip, estimated that Pelosi's speech changed the minds of a dozen Republicans who might otherwise have supported the plan.
That was a remarkable accusation by Republicans against Republicans, said Rep. Barney Frank, D-Mass., chairman of the House Financial Services Committee: "Because somebody hurt their feelings, they decided to punish the country."
The presidential candidates kept close track — from afar.
In Colorado, Democrat Barack Obama said, "Democrats, Republicans, step up to the plate, get it done."
Republican John McCain spoke with Treasury Secretary Henry Paulson and Federal Reserve Chairman Ben Bernanke before leaving Ohio for a campaign stop in Iowa, a spokeswoman said.
The legislation the administration promoted would have allowed the government to buy bad mortgages and other rotten assets held by troubled banks and financial institutions. Getting those debts off their books should bolster those companies' balance sheets, making them more inclined to lend and easing one of the biggest choke points in the credit crisis. If the plan worked, the thinking went, it would help lift a major weight off the national economy that is already sputtering.
Monday's action had been preceded by unusually aggressive White House lobbying, and Fratto said that Bush had been making calls to lawmakers until shortly before the vote.
Bush and his economic advisers, as well as congressional leaders in both parties had argued the plan was vital to insulating ordinary Americans from the effects of Wall Street's bad bets. The version that was up for vote Monday was the product of marathon closed-door negotiations on Capitol Hill over the weekend.
"We're all worried about losing our jobs," Rep. Paul Ryan, R-Wis., declared in an impassioned speech in support of the bill before the vote. "Most of us say, 'I want this thing to pass, but I want you to vote for it — not me.'"
Said Boehner, after the vote: "Americans are angry, and so are my colleagues. They don't want to have to vote for a bill like this. But I have concerns about what this means for the American people, what it means for our economy, and what it means for people's jobs. I think that we need to renew our efforts to find a solution that Congress can support."
What Happens When We Die? By M.J. STEPHEY
Tue Sep 23, 6:40 PM ET
A fellow at New York City's Weill Cornell Medical Center, Dr. Sam Parnia is one of the world's leading experts on the scientific study of death. Last week Parnia and his colleagues at the Human Consciousness Project announced their first major undertaking: a 3-year exploration of the biology behind "out-of-body" experiences. The study, known as AWARE (AWAreness during REsuscitation), involves the collaboration of 25 major medical centers through Europe, Canada and the U.S. and will examine some 1,500 survivors of cardiac arrest. TIME spoke with Parnia about the project's origins, its skeptics and the difference between the mind and the brain.
ADVERTISEMENT
What sort of methods will this project use to try and verify people's claims of "near-death" experience?
When your heart stops beating, there is no blood getting to your brain. And so what happens is that within about 10 sec., brain activity ceases - as you would imagine. Yet paradoxically, 10% or 20% of people who are then brought back to life from that period, which may be a few minutes or over an hour, will report having consciousness. So the key thing here is, Are these real, or is it some sort of illusion? So the only way to tell is to have pictures only visible from the ceiling and nowhere else, because they claim they can see everything from the ceiling. So if we then get a series of 200 or 300 people who all were clinically dead, and yet they're able to come back and tell us what we were doing and were able see those pictures, that confirms consciousness really was continuing even though the brain wasn't functioning.
How does this project relate to society's perception of death?
People commonly perceive death as being a moment - you're either dead or you're alive. And that's a social definition we have. But the clinical definition we use is when the heart stops beating, the lungs stop working, and as a consequence the brain itself stops working. When doctors shine a light into someone's pupil, it's to demonstrate that there is no reflex present. The eye reflex is mediated by the brain stem, and that's the area that keeps us alive; if that doesn't work, then that means that the brain itself isn't working. At that point, I'll call a nurse into the room so I can certify that this patient is dead. Fifty years ago, people couldn't survive after that.
How is technology challenging the perception that death is a moment?
Nowadays, we have technology that's improved so that we can bring people back to life. In fact, there are drugs being developed right now - who knows if they'll ever make it to the market - that may actually slow down the process of brain-cell injury and death. Imagine you fast-forward to 10 years down the line; and you've given a patient, whose heart has just stopped, this amazing drug; and actually what it does is, it slows everything down so that the things that would've happened over an hour, now happen over two days. As medicine progresses, we will end up with lots and lots of ethical questions.
But what is happening to the individual at that time? What's really going on? Because there is a lack of blood flow, the cells go into a kind of a frenzy to keep themselves alive. And within about 5 min. or so they start to damage or change. After an hour or so the damage is so great that even if we restart the heart again and pump blood, the person can no longer be viable, because the cells have just been changed too much. And then the cells continue to change so that within a couple of days the body actually decomposes. So it's not a moment; it's a process that actually begins when the heart stops and culminates in the complete loss of the body, the decompositions of all the cells. However, ultimately what matters is, What's going on to a person's mind? What happens to the human mind and consciousness during death? Does that cease immediately as soon as the heart stops? Does it cease activity within the first 2 sec., the first 2 min.? Because we know that cells are continuously changing at that time. Does it stop after 10 min., after half an hour, after an hour? And at this point we don't know.
What was your first interview like with someone who had reported an out-of-body experience?
Eye-opening and very humbling. Because what you see is that, first of all, they are completely genuine people who are not looking for any kind of fame or attention. In many cases they haven't even told anybody else about it because they're afraid of what people will think of them. I have about 500 or so cases of people that I've interviewed since I first started out more than 10 years ago. It's the consistency of the experiences, the reality of what they were describing. I managed to speak to doctors and nurses who had been present who said these patients had told them exactly what had happened, and they couldn't explain it. I actually documented a few of those in my book What Happens When We Die because I wanted people to get both angles - not just the patients' side but also the doctors' side - and see how it feels for the doctors to have a patient come back and tell them what was going on. There was a cardiologist that I spoke with who said he hasn't told anyone else about it because he has no explanation for how this patient could have been able to describe in detail what he had said and done. He was so freaked out by it that he just decided not to think about it anymore.
Why do you think there is such resistance to studies like yours?
Because we're pushing through the boundaries of science, working against assumptions and perceptions that have been fixed. A lot of people hold this idea that, well, when you die, you die; that's it. Death is a moment - you know you're either dead or alive. All these things are not scientifically valid, but they're social perceptions. If you look back at the end of the 19th century, physicists at that time had been working with Newtonian laws of motion, and they really felt they had all the answers to everything that was out there in the universe. When we look at the world around us, Newtonian physics is perfectly sufficient. It explains most things that we deal with. But then it was discovered that actually when you look at motion at really small levels - beyond the level of the atoms - Newton's laws no longer apply. A new physics was needed, hence, we eventually ended up with quantum physics. It caused a lot of controversy - even Einstein himself didn't believe in it.
Now, if you look at the mind, consciousness, and the brain, the assumption that the mind and brain are the same thing is fine for most circumstances, because in 99% of circumstances we can't separate the mind and brain; they work at the exactly the same time. But then there are certain extreme examples, like when the brain shuts down, that we see that this assumption may no longer seem to hold true. So a new science is needed in the same way that we had to have a new quantum physics. The CERN particle accelerator may take us back to our roots. It may take us back to the first moments after the Big Bang, the very beginning. With our study, for the first time, we have the technology and the means to be able to investigate this. To see what happens at the end for us. Does something continue?
R MIROVALEV, Associated Press Writer
Sat Sep 20, 2:13 PM ET
MOSCOW - A Russian archaeologist says he has found the lost capital of the Khazars, a powerful nation that adopted Judaism as its official religion more than 1,000 years ago, only to disappear leaving little trace of its culture.
ADVERTISEMENT
Dmitry Vasilyev, a professor at Astrakhan State University, said his nine-year excavation near the Caspian Sea has finally unearthed the foundations of a triangular fortress of flamed brick, along with modest yurt-shaped dwellings, and he believes these are part of what was once Itil, the Khazar capital.
By law Khazars could use flamed bricks only in the capital, Vasilyev said. The general location of the city on the Silk Road was confirmed in medieval chronicles by Arab, Jewish and European authors.
"The discovery of the capital of Eastern Europe's first feudal state is of great significance," he told The Associated Press. "We should view it as part of Russian history."
Kevin Brook, the American author of "The Jews of Khazaria," e-mailed Wednesday that he has followed the Itil dig over the years, and even though it has yielded no Jewish artifacts, "Now I'm as confident as the archaeological team is that they've truly found the long-lost city,
The Khazars were a Turkic tribe that roamed the steppes from Northern China to the Black Sea. Between the 7th and 10th centuries they conquered huge swaths of what is now southern Russia and Ukraine, the Caucasus Mountains and Central Asia as far as the Aral Sea.
Itil, about 800 miles south of Moscow, had a population of up to 60,000 and occupied 0.8 square miles of marshy plains southwest of the Russian Caspian Sea port of Astrakhan, Vasilyev said.
It lay at a major junction of the Silk Road, the trade route between Europe and China, which "helped Khazars amass giant profits," he said.
The Khazar empire was once a regional superpower, and Vasilyev said his team has found "luxurious collections" of well-preserved ceramics that help identify cultural ties of the Khazar state with Europe, the Byzantine Empire and even Northern Africa. They also found armor, wooden kitchenware, glass lamps and cups, jewelry and vessels for transporting precious balms dating back to the eighth and ninth centuries, he said.
But a scholar in Israel, while calling the excavations interesting, said the challenge was to find Khazar inscriptions.
"If they found a few buildings, or remains of buildings, that's interesting but does not make a big difference," said Dr. Simon Kraiz, an expert on Eastern European Jewry at Haifa University. "If they found Khazar writings, that would be very important."
Vasilyev says no Jewish artifacts have been found at the site, and in general, most of what is known about the Khazars comes from chroniclers from other, sometimes competing cultures and empires.
"We know a lot about them, and yet we know almost nothing: Jews wrote about them, and so did Russians, Georgians, and Armenians, to name a few," said Kraiz. "But from the Khazars themselves we have nearly nothing."
The Khazars' ruling dynasty and nobility converted to Judaism sometime in the 8th or 9th centuries. Vasilyev said the limited number of Jewish religious artifacts such as mezuzas and Stars of David found at other Khazar sites prove that ordinary Khazars preferred traditional beliefs such as shamanism, or newly introduced religions including Islam.
Yevgeny Satanovsky, director of the Middle Eastern Institute in Moscow, said he believes the Khazar elite chose Judaism out of political expediency — to remain independent of neighboring Muslim and Christian states. "They embraced Judaism because they wanted to remain neutral, like Switzerland these days," he said.
In particular, he said, the Khazars opposed the Arab advance into the Caucasus Mountains and were instrumental in containing a Muslim push toward eastern Europe. He compared their role in eastern Europe to that of the French knights who defeated Arab forces at the Battle of Tours in France in 732.
The Khazars succeeded in holding off the Arabs, but a young, expanding Russian state vanquished the Khazar empire in the late 10th century. Medieval Russian epic poems mention Russian warriors fighting the "Jewish Giant."
"In many ways, Russia is a successor of the Khazar state," Vasilyev said.
He said his dig revealed traces of a large fire that was probably caused by the Russian conquest. He said Itil was rebuilt following the fall of the Khazar empire, when ethnic Khazars were slowly assimilated by Turkic-speaking tribes, Tatars and Mongols, who inhabited the city until it was flooded by the rising Caspian Sea around the 14th century.
The study of the Khazar empire was discouraged in the Soviet Union. The dictator Josef Stalin, in particular, detested the idea that a Jewish empire had come before Russia's own. He ordered references to Khazar history removed from textbooks because they "disproved his theory of Russian statehood," Satanovsky said.
Only now are Russian scholars free to explore Khazar culture. The Itil excavations have been sponsored by the Russian-Jewish Congress, a nonprofit organization that supports cultural projects in Russia.
"Khazar studies are just beginning," Satanovsky said.
R MIROVALEV, Associated Press Writer
Sat Sep 20, 2:13 PM ET
MOSCOW - A Russian archaeologist says he has found the lost capital of the Khazars, a powerful nation that adopted Judaism as its official religion more than 1,000 years ago, only to disappear leaving little trace of its culture.
ADVERTISEMENT
Dmitry Vasilyev, a professor at Astrakhan State University, said his nine-year excavation near the Caspian Sea has finally unearthed the foundations of a triangular fortress of flamed brick, along with modest yurt-shaped dwellings, and he believes these are part of what was once Itil, the Khazar capital.
By law Khazars could use flamed bricks only in the capital, Vasilyev said. The general location of the city on the Silk Road was confirmed in medieval chronicles by Arab, Jewish and European authors.
"The discovery of the capital of Eastern Europe's first feudal state is of great significance," he told The Associated Press. "We should view it as part of Russian history."
Kevin Brook, the American author of "The Jews of Khazaria," e-mailed Wednesday that he has followed the Itil dig over the years, and even though it has yielded no Jewish artifacts, "Now I'm as confident as the archaeological team is that they've truly found the long-lost city,
The Khazars were a Turkic tribe that roamed the steppes from Northern China to the Black Sea. Between the 7th and 10th centuries they conquered huge swaths of what is now southern Russia and Ukraine, the Caucasus Mountains and Central Asia as far as the Aral Sea.
Itil, about 800 miles south of Moscow, had a population of up to 60,000 and occupied 0.8 square miles of marshy plains southwest of the Russian Caspian Sea port of Astrakhan, Vasilyev said.
It lay at a major junction of the Silk Road, the trade route between Europe and China, which "helped Khazars amass giant profits," he said.
The Khazar empire was once a regional superpower, and Vasilyev said his team has found "luxurious collections" of well-preserved ceramics that help identify cultural ties of the Khazar state with Europe, the Byzantine Empire and even Northern Africa. They also found armor, wooden kitchenware, glass lamps and cups, jewelry and vessels for transporting precious balms dating back to the eighth and ninth centuries, he said.
But a scholar in Israel, while calling the excavations interesting, said the challenge was to find Khazar inscriptions.
"If they found a few buildings, or remains of buildings, that's interesting but does not make a big difference," said Dr. Simon Kraiz, an expert on Eastern European Jewry at Haifa University. "If they found Khazar writings, that would be very important."
Vasilyev says no Jewish artifacts have been found at the site, and in general, most of what is known about the Khazars comes from chroniclers from other, sometimes competing cultures and empires.
"We know a lot about them, and yet we know almost nothing: Jews wrote about them, and so did Russians, Georgians, and Armenians, to name a few," said Kraiz. "But from the Khazars themselves we have nearly nothing."
The Khazars' ruling dynasty and nobility converted to Judaism sometime in the 8th or 9th centuries. Vasilyev said the limited number of Jewish religious artifacts such as mezuzas and Stars of David found at other Khazar sites prove that ordinary Khazars preferred traditional beliefs such as shamanism, or newly introduced religions including Islam.
Yevgeny Satanovsky, director of the Middle Eastern Institute in Moscow, said he believes the Khazar elite chose Judaism out of political expediency — to remain independent of neighboring Muslim and Christian states. "They embraced Judaism because they wanted to remain neutral, like Switzerland these days," he said.
In particular, he said, the Khazars opposed the Arab advance into the Caucasus Mountains and were instrumental in containing a Muslim push toward eastern Europe. He compared their role in eastern Europe to that of the French knights who defeated Arab forces at the Battle of Tours in France in 732.
The Khazars succeeded in holding off the Arabs, but a young, expanding Russian state vanquished the Khazar empire in the late 10th century. Medieval Russian epic poems mention Russian warriors fighting the "Jewish Giant."
"In many ways, Russia is a successor of the Khazar state," Vasilyev said.
He said his dig revealed traces of a large fire that was probably caused by the Russian conquest. He said Itil was rebuilt following the fall of the Khazar empire, when ethnic Khazars were slowly assimilated by Turkic-speaking tribes, Tatars and Mongols, who inhabited the city until it was flooded by the rising Caspian Sea around the 14th century.
The study of the Khazar empire was discouraged in the Soviet Union. The dictator Josef Stalin, in particular, detested the idea that a Jewish empire had come before Russia's own. He ordered references to Khazar history removed from textbooks because they "disproved his theory of Russian statehood," Satanovsky said.
Only now are Russian scholars free to explore Khazar culture. The Itil excavations have been sponsored by the Russian-Jewish Congress, a nonprofit organization that supports cultural projects in Russia.
"Khazar studies are just beginning," Satanovsky said.
The Buzz Week in Review
by Vera H-C Chan
September 19, 2008 03:21:24 PM
527 Votes Lots of other pressing news piled up this week in the Buzz. Take a moment to cross out some must-reads and catch up on the afterlife, an A-list donation to save gay marriage, and how a 12-year-old took one small step toward saving the world.
Figure Out the Afterlife: Check.
Time magazine ventures to ask how researchers at the aptly named Human Consciousness Project will study "out-of-body" experiences. The study, even more aptly named project AWARE (AWAreness during REscuscitation), will have scientists interviewing approximately 1,500 heart-attack survivors about their experiences during the time they were dead.
Donated $100K to Gay Marriage: Check
Brad Pitt—LEGO figure, blogger, and humanitarian. After he and Angelina Jolie gave $2 million to an Ethiopian health center, the actor kicked over $100,000 to the campaign against Proposition 8, which seeks to overturn same-sex marriages in California. The cash chunk prompted the New York Observer to recall Pitt's conditions for his own wedded bliss.
Solve Energy Crisis Before Puberty: Check.
Buzz readers felt a little bit proud and inadequate at the same time after finding out how 12-year-old William Yuan refined a superduper solar cell. The Oregonian boy genius received a Davidson Fellow Award worth 25 grand for his research, entitled "A Highly-efficient, 3-Dimensional Nanotube Solar Cell for Visible and UV Light." (In case anyone's worried he might be bullied for his brains, Yuan has a youth black belt in tae kwon do.) Feel inspired, or green with envy? Either might motivate you to to try Treehugger's DIY tips on homemade solar panels from eBay damaged goods.
Also buzzing this week ...
• By sending junior out of the kitchen, could you be encouraging fussy eating habits? The New York Times points out six parental food mistakes.
• Shades of Hoovervilles: The Associated Press reports the rise of homeless encampments, or "tent cities," across the U.S.
• "Babar the Elephant" ... imperialist propaganda? A New Yorker report on a Babar books exhibit gives a sweet family history of Babar's creators, and addresses pesky leftists who see the stories of the four-legged mammal as an "allegory of French colonization."
AMERICAN AND PROUD
C/AB
USAFA
Civil Air Patrol
Proud To Be Free
Proud To Be True
~Live Free Die Hard~
This is your journal. Click here to make an entry.
bleeding love by loeana lewis
BLEEDING LOVE BY LOENA LEWIS CLOSE OFF FROM LOVE I DDN'T NEED THE PAIN ONCE OR TWICE WAS ENOUGH AND IT WAS ALL IN VAIN TIME STARTS TO PASS BEFOR YOU KNOW IT YOU'RE FROZEN BUT SOMTHING HAPPENED FOR THE VERY FIRST TIME TRUE AND EVERONE'S LOOKING ROUND THINKINK I'M GOING CRAZY CHORUS BUT I DON'T CARE WHAT THEY SAY I'M IN LOVE WITH YOU THEYTRY TO PULL ME AWAY BUTTHEY DON'T KNOW THE TRUE MY HEART'S CRIPPLED BY VEIN THAT KEEP ON CLOSING YOU CUT ME OPEN AND I KEEP BLEEDING KEEP KEEP BLEEDING LOVE I KEEP BLEEDING KEEP KEEP BLEEDING LOVE KEEP BLEEDING I KEEP KEEP BLEEDING LOVE YOU CUT ME OPEN TRYING HARD NOT TO HEAR BUT THEY TALK SO LOUD THEIR PIERCING SOUDS FILL MY EARS TRY TO FILL ME WITH DOUBT YET I KNOW THAT THEIR GOAL IS TO KEEP ME FROM FALLING BUT NOTTHING'S GREATER THAN RISK THAT COMES WITH YOUR EMBRACE AND IN THIS WORLD OF LONELINESS ISEE YOUR FACE YET EVERYONE AROUND ME THINKS THAT I'M GOING CRAZY MAYBE MAYBE CHORUS AND IT'S DRAINING ALL OF ME THOUGH THEY FIND IT HARD TO BELIEVE I'LL BE WEARING THESE SCARS FOR EVERONE TO SEE CHORUS AND I KEEP BLEEDING KEEP KEEP BLEEDING LOVE I KEEP BLEEDING I KEEP KEEP BLEEDING LOVE KEEP BLEEDING KEEP KEEP BLEEDING LOVE YOU CUT ME OPEN AND I KEEP BLEEDING KEEP KEEP BLEEDING LOVE
http://paranormal.about.com/cs/hollowearth/a/aa040504.htm
http://paranormal.about.com/od/hollowearth/a/aa022206.htm
http://paranormal.about.com/library/weekly/aa090400a.htm
There are many other articals on paranormal.about.com aswell, so have fun and maybe you will become just as intrigued as I am :).
There Lies a World Hidden
There Lies a World Hidden,
Mysterious, unknown, and forbidden.
Where dwells entities with technologies beyond our comprehension,
And knowledge kept hidden from us, in this other dimension.
Will the truth ever be revealed?
Earthly forces of power and greed want forever sealed,
Forbidden knowledge for warfare to wield.
When humankind understands,
To use the knowledge acquired from these strange lands.
For the benefit of humankind,
Then entrance into their world we will find.
Frank Scassellatii
The Green Children of Banjos
The Legend:
In August 1887, two strange children were found near Banjos, Spain.
Workers were harvesting their fields when they heard frightened cries; investigating, they discovered two children, a boy and a girl, terrified and huddled near a cave. They were screaming in a language that was not spanish, and their clothes were made of a strange metallic cloth... but stranger still, the children's skin was green.
The two were taken to the home of an important and respected man in the village, where the local populace attempted to take care of them, but the children refused to eat or drink anything that was offered. The boy soon sickened and died; but the girl finally began to eat a diet of uncooked vegetables, mostly raw beans, and was soon healthy and hearty.
The strange girl lived for five years after her appearance, during which time her skin slowly lightened to a normal caucasian tone; she also learned Spanish, but what she told of her origins only deepened the mystery.
She said that she and her brother had come from a land with no sun; the people there, all green skinned, lived in a perpetual twilight. There was a land of light, but it was beyond a great water. When she was asked how she had come to be found outside the cave, she could only say that she had heard a loud noise and then been pushed through something... then she and her brother were in the cave and could see the light from the mouth of it.
With her death, any hope of solving the mystery faded.
Damn me Father, for I must sin..."
Four centuries of this damned immortality
Yet, I did not ask to be made. Why?
I will never again feel your sun upon my face
Or the comfort of a grave
I am not alive and I am not dead
This is Hell on earth
How can I possibly explain this eternal youth?
When I can do nothing, but sit by
As my loves grow old and wither
And with each of them, take a fragment of my heart
And prolong this endless winter
It is October's perpetual agony
It is the shadow realm
Father, please forgive him
For he knows not what to do
With every victim I pray for my own death
And as much as I love the night
I curse the moon's eerie glow
Tis bloodlust that drags me to forever
The toxic rays of dawn that condemn me to limbo
I am forced to dwell in grey Autumnal twilight
I am suspended in dusk
Father, please forgive him
For he knows not what to do
Father, please forgive him
For he knows not what to do
-Type O Negative "Suspended In Dusk"
4 killed in SC plane crash; drummer, DJ injured
09/20/2008 11:56 AM, AP
Page Ivey
WEST COLUMBIA, S.C. (AP) — Former Blink-182 drummer Travis Barker and celebrity DJ AM were critically injured in a fiery Learjet crash in South Carolina that killed four people, authorities said Saturday.
Officials said the plane carrying six people was departing shortly before midnight Friday when air traffic controllers reporting seeing sparks. The plane hurtled off the end of a runway and crashed through antennas and a fence. It came to rest on an embankment across a five-lane highway and was engulfed in flames, said Debbie Hersman, a member of the National Transportation Safety Board.
Barker and DJ AM, whose real name is Adam Goldstein, were in critical condition at a burn center in Augusta, Ga., about 75 miles southwest of Columbia, hospital spokeswoman Beth Frits said.
Two other passengers — Chris Baker, 29, of Studio City, Calif., and Charles Still, 25, of Los Angeles — died, as did pilot Sarah Lemmon, 31, of Anaheim Hills, Calif., and co-pilot James Bland, 52, of Carlsbad, according to the county coroner.
The plane was headed for Van Nuys, Calif. It is owned by Global Exec Aviation, a California-based charter company, and was certified to operate last year, Hersman said. The company said it had no immediate comment.
At the crash site Saturday, the air was still heavy with the odor of jet fuel. A trail of black soot led off a runway. The nose of the aircraft was gone and the roof was missing from two-thirds of the charred plane.
Barker and Goldstein had performed together under the name TRVSDJ-AM at a free concert in Columbia on Friday night.
"It's absolutely terrible and tragic," Columbia Mayor Bob Coble said.
The show, which included performances by former Jane's Addiction singer Perry Farrell and singer Gavin DeGraw, drew 10,000 people into the streets of Five Points, the neighborhood near the University of South Carolina, Coble said.
One concertgoer said TRVSDJ-AM's performance was unique and different.
"It was literally one of the best shows I've ever seen," said Brett Flashnick, a freelance photographer who works for The Associated Press and attended the concert for a local newspaper.
Barker, 32, was one of the more colorful members of the multiplatinum-selling punk rock band Blink-182, whose biggest album was 1999's CD "Enema of the State," which sold more than five million copies in the United States alone.
After Blink-182 disbanded in 2005, Barker went on to form the rock band (+44) — pronounced "plus forty-four." He also starred in the MTV reality series "Meet the Barkers" with former Miss USA Shanna Moakler, to whom he was married at the time. The show documented the former couple's lavish wedding and life. Their later split, reconciliation and subsequent break up made them tabloid favorites.
Goldstein is a popular DJ for hire who at one time was engaged to Nicole Richie.
He spun a mix of hip-hop and dance beats for the hottest nightclubs and had a string of dates set up for the next few weeks. He reached the peak of his celebrity perhaps during his highly publicized romance with Richie a few years ago.
DJ AM also dated singer/actress Mandy Moore, and while he became a gossip favorite for his romances, he drew respect from music aficionados for his DJ skills.
Barker and Goldstein performed as part of the house band at the MTV Video Music Awards earlier this month.
___
Associated Press writers Page Ivey in Columbia and Nekesa Mumbi Moody in New York contributed to this report.
___
On the Net:
http://www.djam.com/
http://www.gavindegraw.com/
http://www.blink182.com/
COMMENTS
-