Archive for February, 2008

Massive power outage hits millions in Florida

// February 27th, 2008 // 2 Comments » // Shadow War

By Tom Brown

MIAMI (Reuters) – A massive power outage struck parts of Florida on Tuesday, knocking out electricity to millions of people, snarling traffic at intersections and trapping residents in elevators.

The outage was controlled quite swiftly and power came back to most areas of the “Sunshine State” within several hours.

Some sort of “disturbance” in the power grid forced the Turkey Point nuclear plant in south Florida to go into an emergency shutdown, said a spokeswoman for FPL Group Inc, the main energy provider in the area.

Other power companies were also affected as the outage spread sporadically but extensively up the Florida peninsula as far north as Tampa on the Gulf of Mexico. Officials called it a domino chain of blackouts.

A spokesman for Progress Energy’s Florida utility said its clients were affected in the central part of the state.

Flights at Miami international airport were only marginally affected.

Linda Campbell of the Florida Reliability Coordinating Council said preliminary reports showed that the problem began at a substation in Miami-Dade County, leading to the loss of a transmission line and the shutdown of several plants owned by FPL subsidiary Florida Power and Light.

Mike Stone, a spokesman for the Florida Division of Emergency Management, said the blackout affected two to three million people while some local media said the number was higher.

Florida Power and Light said it expected to restore power to most Florida customers that lost power in about two hours.

I don’t know the cause of the outage,” Stone told Reuters, saying authorities were waiting for an update from FPL. “There was a failure within the FPL system,” he said.

Officials in Washington said there were no signs of a link to terrorism.

“There is no indication of a nexus to terrorism at this time … we will continue to monitor,” U.S. Homeland Security Department spokeswoman Laura Keehner said. (and they know this how???) SC see how this can be done today here.

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Dollar tumbles to record lows, recession risks mount

// February 27th, 2008 // 6 Comments » // Accelerating Shift

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By Lucia Mutikani

NEW YORK (Reuters) – The dollar dropped to all-time lows against the euro and a basket of currencies on Wednesday after Federal Reserve Chairman Ben Bernanke signaled further interest rate cuts in the fight to avert a U.S. recession.

Risks of a contraction in the world’s largest economy were again heightened by a report showing new U.S. single-family home sales fell in January to the lowest rate in nearly 13 years and housing inventories swelled, despite falling prices.

Adding to the gloom over the fragile U.S. economy, orders for long-lasting domestic manufactured goods recorded their biggest drop in five months in January, a government report showed.

That piled on the selling pressure for the dollar. Bernanke’s reiteration that growth risks rather than inflation were the main focus for the U.S. central bank left investors anticipating another half-percentage-point cut next month.

“Clearly the risk (of a recession) is there and that’s what the Fed is responding to. Markets are back to the theme of trading interest-rate differentials,” said David Gilmore, partner at FX Analytics in Essex, Connecticut.

The euro surged as high as $1.5143, according to Reuters data, the first time it has climbed above $1.51 in its nine-year history. It last traded at $1.5135, up 1.1 percent on the day.

The New York Board of Trade’s dollar index, which charts the dollar’s performance against a basket of currencies, dipped to a lifetime low of 74.070 .DXY. It last traded down 0.8 percent around 74.168.

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OddAmerica.com/.net is For Sale

// February 24th, 2008 // 2 Comments » // Site Updates and Announcements

You heard it right, this website is for sale! This includes the entire website & data, database and domain names associated with it.

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151 Posts, 152 Comments, 79 Categories and 76 Tags.

Google PageRank 2, Alexa Rank 536,882 out of over 14 million ranked sites through Alexa.

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