Iran: We will know soon…

An attack could have cataclysmic implications for the region, for the world economy, and not least for the oil import-dependent and nearly bankrupt US.

…Related late-breaking stories:

Russian intelligence sees U.S. military buildup on Iran border
U.S. launches show of force in Persian Gulf
U.S. Navy: Iran did not fire at U.S. warship
Oil spikes more than $5

Faustus and the monkey trap

What makes the crisis of industrial society so challenging to cope with is the way it unfolds out of the very strategies that worked so well in other contexts. Current attempts to replace oil with ethanol — in effect, pouring our food supply into our gas tanks — point to an urgent need to reconsider some of our most basic assumptions about what exactly the problem is.