California regional intel center warns local officials to prepare for nuclear attack

Long Beach Port in Los Angeles.

 

Southern California should have its nuclear attack response plans in place, the Los Angeles-area Joint Regional Intelligence Center said in a bulletin issued last month.

The bulletin, dated Aug. 16, was issued after North Korea’s July test of an intercontinental ballistic missile that some analysts said could reach the U.S. West Coast. Continue reading

Panama Opens Canal Expansion

Panama officially opened an addition to its fabled sea canal Sunday for a new generation of super cargo ships, capping a nine-year, $5.4 billion expansion project that will double shipping capacity and impact global trade routes.

Panamanian President Juan Carlos Varela unveiled the refurbished canal as the giant container ship Cosco Shipping Panama made its way through a string of locks on the 77-kilometer Isthmus of Panama. “This the route that unites the world,” Varela told a crowd of about 30,000 people who gathered to witness the inaugural trip through the vital waterway. Continue reading

Wealthy Chinese snapping up US commercial property

For those of you hiding under a rock the past few years, wealthy Chinese investors have been ramping up their purchases of US real estate, reported the Wall Street Journal on Tuesday.

After a five-year spending spree, the Chinese have knocked the Canadians from first place to become the top foreign buyers of US houses and apartments for the 12 months to March, according to the National Association of Realtors. Continue reading

We Have Hit Keynesian Nirvana: A Third Of All Containers Shipped From Long Beach Port Are Empty

In the past several months, it has been virtually impossible to make any sense of the conflicting trends involving US and global trade. On one hand, there is global trade, which as we have covered since the spring, has been in a state of consistent decline. Some example of this:

Where things get more complicated, however, is when looking at the US. Here, macro data throughout the summer had suggested more or less smooth sailing in the trade space, and it was only a week ago that the facade started to crack, following the ugly advance trade report, when as we reported there was a “16% Surge In August Trade Deficit; Imports Jump As Exports Drop.” Continue reading

Spy Plane Fries Air Traffic Control Computers, Shuts Down LAX

On Wednesday at about 2 p.m., according to sources, a U-2 spy plane, the same type of aircraft that flew high-altitude spy missions over Russia 50 years ago, passed through the airspace monitored by the L.A. Air Route Traffic Control Center in Palmdale, Ca. The L.A. Center handles landings and departures at the region’s major airports, including Los Angeles International (LAX), San Diego and Las Vegas.

The computers at the L.A. Center are programmed to keep commercial airliners and other aircraft from colliding with each other. The U-2 was flying at 60,000 feet, but the computers were attempting to keep it from colliding with planes that were actually miles beneath it.

Though the exact technical causes are not known, the spy plane’s altitude and route apparently overloaded a computer system called ERAM, which generates display data for air-traffic controllers. Back-up computer systems also failed. Continue reading