Sunday, July 14, 2013

The Jack Blood Abiotic Oil Challenge ? Accepted!

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As my good friend Liam well knows, I do not camp at ANY site, Dogma, or pup tent. What happened was ? we had a pretty basic discussion about energy on my show Friday July 14th 2013. I thought we barely scratched the surface regarding ?Aboitic Oil? (Oil that doesn?t come from fossils) I sent him THIS article (there?s better research BTW) to keep him engaged. Below is his response. PS: I HIGHLY RECOMMEND LIAM?S LATEST BOOK ?OFFICIAL STORIES? (get it from him at his site!)

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July 13, 2013

Does Oil Come From Old Plankton or Old Hat?

by Liam Scheff

My radio friend and admired pot-stirrer extraordinaire ? Jack Blood of Deadline Live ? has challenged me to consider ?abiotic oil? as a real and useful source of petrol for our toasters (yes, we use it for grain, forging metal, machining factory parts, shipping them to your house, paying Amazon.com, and running electrical power to brown your Monsanto-ized white bread.)

Here?s a quote from the article he posted on my forehead:

?A little research indicates that more than a few thinkers disagree with the scientific consensus on how oil is formed. Consensus scientists will of course reject these ?quacks? as ?snake oil salesmen.? (Get it?)?The short version: It is fallacious to appeal to authority or the majority opinion. It doesn?t matter who says or thinks something. It could be right or it could be wrong. Consensus science automatically jumps down your throat if you question ?climate change? or ?macro-evolution.? And this is one of the main blind spots of the fossil fuel bandwagoners. All alternative theories to oil formation are rejected by the majority opinion in order to protect some of modern man?s more sacred cows. Not for scientific reasons, of course. But because of ideological prejudices.? LINK

?Ah, damned consensus science!? goes the hew and cry. But, who?s arguing for consensus? Have they read my book?? (Well.. read it, already!)

This is not a technical argument ? and the paper does not point to any real increase of oil supplies anywhere in the world. It?s not a technical exploration of oil drilling. It?s a pleasant philosophical argument about how science is skewed toward consensus. So, it has no real-world value as an exploration of oil movement, amounts or sources. Which I suspect Jack already knows!

There is a link to an article in the piece stating that ?wells all over are refilling,? with little in the way of anything technical. It?s called, ?Oil Fields Are Refilling?Naturally ? Sometimes Rapidly,? with the under-title, ?There Are More Oil Seeps Than All The Tankers On Earth.? Which is clever, but meaningless, as ?seep? isn?t defined ? but is here meant to indicate that we?re making new oil daily, so don?t worry, keep driving, and laugh at the idiot geologists who got it all wrong.

But the article concludes with the following, which explains that they?re guessing.

?It is suspected that the process of upward migration of petroleum is driven by natural gas that is being continually produced both by deeply buried bacteria and from oil being broken down in the deeper, hotter layers of sediment. The pressures and heat at great depth are thought to be increasing because the ground is sinking ? subsiding ? as a result of new sediments piling up on top?Analysis of the oil being driven into the reservoirs suggests they were created during the so-called Jurassic and Early Cretaceous periods (100 million to 150 million years ago), even before the existing basin itself was formed. This means the source rock is buried and remains invisible to seismic imaging beneath layers of salt.? LINK.

The article states that there are seeps in deep ocean basins. It then speculates that they are very, very old, but that instead of being made out of old algae, they are somehow maid by? bacteria. Also very long ago. Or? something. Not much different than the standard view, that it?s old bacteria, long-pressurized plant-energy from the Sun, compressed, baked, heated, compressed in large and small pockets under rock and in sand and in shale, around the world.

But, it?s pure speculation, as anything and everything about more than 5 years in the past or the future tends to be. (Want to take a stock prediction about 2018? ?Sell.?) Such is the overpowering influence of the human imagination.

But, who knows? So oil looks like old, broken algae under the microscope? Even a major proponent of Peak Oil theory, Kenneth Deffeyes, likes ?algae? as a partial fill-in for oil, because oil?uhm?comes from?Well, read on.

Hint: Algae. Plant fat. And so, he reasons, it might do, in a pinch. With some ? many ? caveats. Link. Link.

Here?s another webhound, doing a review of ?Hubbert?s Peak?:

?Where does oil come from? All oil beds are aquatic in origin. Oil starts out as organic material, any kind of organic material, from algae to dead fish to organic material found in fish fecal pellets. This material must sink to an oxygen-free bottom where the absence of oxygen allows it to decay. Then it must be covered with other sediment and pushed into the ?oil window? which starts at a depth of 7,500 feet deep and ends at 15,000 feet in depth. Above 7,500 feet, the temperature is not hot enough to ?crack? the organic material into oil molecules and below 15,000 feet, everything is cracked all the way into natural gas. Inside that window, the temperature is at ?coffee pot? levels and after a few million years, the organic material is cracked into oil.? LINK

So, we?re talking fat. Fat from algae, fat from the fish that eat it, within a predictable ?depth-window? of reactivity or chemical processing. That?s the ?controversial? mainstream argument. Which makes some sense to yours truly, as fat is the most nutrient-dense, calorie-rich stuff produced by plant or animal. Collect a lot of it, bake and compress it, and maybe you get this sticky, black?uhm??OIL.? Can I get a ?duh? or an ?amen, somebody?

Hey, I?m being snarky. Sorry, but, it?s tiring. Arguing alien technology is a little tiring when we?re fracking the whole country ? and so is arguing this, when ? yeah! We?re fracking the whole country, and the technophiles want to build 10,000 nuclear power plants (which we don?t have enough oil, coal, natural gas or uranium to do ? but? never mind! Don?t be anti-progress!)

Putting Abiotic Oil To The Drill Test

But, algae, fat. So what? Just a coincidence, perhaps. Perhaps not! But, let?s hear the counter-argument: Here is a technical review (by Dale Allen Pfeiffer) of oil and its infancy from Mike Ruppert?s ?From the Wilderness,? which broke the 9/11 story (or did it? Hold that thought!)

?From 1986 to 1992, two commercial wells were drilled in the Siljan crater [which was argued to be "abiotic" in origin], at a reported cost of over $60 million. Only 80 barrels of oily sludge were taken from the field. While Dr. Gold claimed this oil to have an abiotic origin, others have pointed out that the early drilling used injected oil as a lubricant, and that this is the likely origin of the oily sludge. It has also been mentioned that sedimentary rocks 20 kilometers away could have been the source of hydrocarbon seepage. Others have observed that during World War II, the Swedish blasted into the bedrock to produce caverns in order to stockpile petroleum supplies. The Swedes now face environmental problems as these petroleum stockpiles are leaking into the groundwater. These stockpiles could well provide the source of the oil produced from the Siljan crater.

Even if we grant that these hydrocarbons are abiogenic (though it is a highly dubious claim), this exploration could only be termed a success in the most attenuated sense of the word. These 80 barrels of oily sludge cost investors three quarters of a million dollars per barrel. And if they had gone to the trouble of extracting the oil from the sludge and refining it, they would have had even less oil, and their expenses would have increased by the cost of extraction and refining.? LINK

And that?s about how it goes. That?s how it always goes. It?s always a bit of crap or junk, or seepage from a field into an old well. But it ain?t all-you-can-eat hot buttered pancakes.

The Consensus Never Rests Here

I don?t hold much with consensus, as Jack knows, but field geology is not laboratory fiddling. It?s digging into rock, draining a resource, and moving onto new rock.

The argument that ?oil is made anew because science by consensus is bad,? is on par with saying ?because Big Bang theory is a fraud (and it is ? see Ch 9 of Official Stories? for the argument), then Newtonian Physics is also a fraud.?

But, Newtonian physics works ? with large and small solid objects in 3 dimensional space. Newtonian physics cannot account for electromagnetic effects ? and that is the failure of ?big bang? theology (it excludes the EM force).

Look ? oil is very old stuff. It looks like algae ? ancient algae, heated, pressurized, and in large, but limited supply, located by region and depth in specific types of rock. It is generally predictable based on topography.

And if we want to skip the record, and go to ?ad hominems,? let me offer that these petrol geologists who have blown the whistle on the decline of the major fields are not power players, moving nations into gun sights; they are generally quiet, serious-minded researchers, doing due diligence.

In fact, Colin J. Campbell, who you can watch talking oil (above), is the first person I have seen on record (in April, 2002, hombres) explaining that 9/11 was most likely a fudge-job, based on the newly announced ?discovery? of 200 billion barrels of oil ? some 7 years of world use ? in the Caspian Sea. For which Afghanistan would be a necessary PIPELINE territory. He pointed out that the ?man in a cave? argument from the United States was most probably an invention, as the US needed the territory and oil. But ? the Caspian was proven, by drilling to contain only a fraction of that, some 13 billion barrels, and both Exxon and BP pulled out ? and the US lost all interest in Afghanistan, and suddenly became excited about Iraq ? the world?s #2 resource for oil, after Saudi Arabia. LINK.

Follow? He?s not a power player, a bad guy, etc. But, you can read his data ? he makes it all publicly available. No, it?s not an argument in favor of oil as plant and animal fat. I?m only trying to identify the man?s politics and funding. He is a petrol geologist ? he is, in many ways, biting the hand that fed him. He?s retired. He can get away with it. He?s retired to a tiny town in rural Ireland, and he seems to intend on speaking to the world about graduating from being over-consumers of everything, to being a little gentler on the old gas pedal. LINK.? LINK.

But, back to oil and its many arguments. Where does it come from? Even the CIA factbook (wikipedia) treads lightly, without political overtones here:

?Although the abiogenic hypothesis was accepted by many geologists in the former Soviet Union, it fell out of favor at the end of the 20th century because it never made any useful prediction for the discovery of oil deposits.[1] The abiogenic origin of petroleum has also recently been reviewed in detail by Glasby, who raises a number of objections, including that there is no direct evidence to date of abiogenic petroleum (liquid crude oil and long-chain hydrocarbon compounds).[1] Geologists now consider the abiogenic formation of petroleum scientifically unsupported, and they agree that petroleum is formed from organic material.[1] However, the abiogenic theory can?t be dismissed yet because the mainstream theory still has to be established conclusively.?

This is an immensely fair reading for the Wikipedia ? they give a great deal of space to pro and con arguments. The trouble is, wells and fields do go quite dry ? that is, they become unproductive. Sometimes, there has been some ?creep? of petrol into dry wells from the larger fields, but that is expected by gravity and pressure-induced movement.

The reality is, fields that were used up 100 years ago are still used up. Titusville, PA, has not returned to its glory days. Spindletop in Texas is not gushing 100,000 barrels of oil anymore. It is now a museum.

?Production at Spindletop began to decline rapidly after 1902, and the wells produced only 10,000 barrels per day (1,600 m3/d) by 1904.[2] On November 14, 1925, the Yount-Lee Oil Company brought in its McFaddin No. 2 at a depth of about 2,500 feet (800 m), sparking a second boom, which culminated in the field?s peak production year of 1927, during which 21 millions barrels (3.3 GL) were produced.[2] Over the ten years following the McFaddin discovery, more than 72 million barrels (11.4 GL) of oil were produced, mostly from the newer areas of the field.[citation needed] Spindletop continued as a productive source of oil until about 1936. It was then mined for sulfur from the 1950s to about 1975.? LINK

Or, I should say, the museum is a mile and a half from where it started. So, what happened to the most productive gusher in the U.S.?

?The Lucas Gusher monument, derrick simulator and Historical markers are located at the museum, but the actual location of the gusher that started it all is about 1.5 miles south of the museum at an out of the way place named Spindletop Park which is at these coordinates N30? 00.718 W94? 04.626. There are no structures or markers at this location to indicate its significance and (as of April 15, 2012) there was no sign on the main road indicating where you should turn off to reach this remote nondescript park.?

Well, we?re heartless bastards, aren?t we? Not even a gravestone to announce the death of a nation. (By the way ? Sulfur ? is precisely what?s coming out of Tar Sands and Shale Oil. Because that?s what you find at the bottom of old wells or in ?heavy crude.? It makes the oil very hard to use, and expensive ? and even more toxic ? to refine.)

What?s Wrong with Abiotic Oil?

Nothing. Or, it?s irrelevant, because it doesn?t impact oil use or production ? at all. So, what?s this big, long, hairy freaking article about? What?s my freaking problem??

My problem with this argument is that it leads people, or could lead them, to a dangerous position of complacency or false optimism about the amount of oil produced, used ? and the need to make significant changes. It induces stupor ? and I am against that.

But I am oh-so-fair and generous. I am! Just ask.. well. Me. But. And. So. I will certainly include a sub-chapter on the arguments against Peak Oil or in favor of Abiotic Oil in my book? and I?ll include the various analysis from geologists, which will feature findings like the above, with specific references to the few small fields that were argued to be ?abiotic,? but later were demonstrated to be most likely just local seepage.

The point is: it?s all fucking old shit. The oil, the argument, etc. The oil is old, old stuff. It looks like algae. That?s what it looks like under the microscope. Which is probably because that?s what it is, or likely is.

?It is believed that the majority of oil and natural gas originates from algae in ancient oceans. Oil (petroleum) consists of liquid hydrocarbons which arc compounds composed of carbon and hydrogen. At least 80% w/w of oil is carbon. The remainder is principally hydrogen, but sulfur and oxygen may each account for up to 5% of the weight of oil. The burning heating volume of oil is relatively high owing to its liquid state, and is comparable to that of coal.?

Note that the natural scientists in this field are not dogmatic. The world used is ?believed? not ?known.? These are not virus-hunters. They are many degrees more practical. They are field geologists. Their laboratory is REALITY. Which is where I suggest you go to do your reading. Because ignoring a REALITY of sea-water pumped by the megaton into Saudi Arabia would be to convince them of a lie. (LINK and Search ?Sea water pumping into Ghwar, Saudi Arabia?)

And, let me ask ? please don?t do that. I?m sure it?s not Jack?s intention, and don?t let it be yours. Don?t let hypothetical, argumentative or wishful thinking take your eye of the ball. Because the ball is in play.

Why Does It Matter?

Oil ? It?s What?s For Dinner. It?s in everything you do, wear, eat and enjoy, here at the Western World. And we?re not brewing more of it, it?s not bubbling out anew from the la Brea tar pits or Canadian tar sands. What?s there is there, still and stagnant, and being used, when we dig it out and up, at 90 million barrels per day, worldwide.

That?s a depletion of a total reserve at the level of 90 million barrels per day. That is many hundreds of thousands of tons. No one is brewing that out of good wishes, or the bowels of the Earth, or any other place, at that rate. The rate of well-refilling is approximately zero, as far as anyone can tell.

So, what?s it all about? We are rapidly depleting cheap, easily-available, light, sweet crude oil.

Here is a list of countries that have, by their own production and exports, peaked and either fallen into hard economic times, got into the production of other sources of energy, or became a net importer and held onto oil by other means. LINK

Well? it?ll be in the book. But, I?m afraid the other arguments ? nuclear versus solar/wind/hydro ? have my attention. Because that?s the argument that the parasites that be are going to give us ? and many will argue for nuclear. Which should perhaps startle a bit.

After all, what does it matter? Ghwar has peaked. The decline will most likely be much faster than anybody wants it to be. We?re digging and boiling tar and blowing up shale to hold off the inevitable. The techno-crowd wants us to believe that carbon and plastic cars and houses with better faucets and plumbing will save us.

Meanwhile?we?re all getting fracked.

And, just to let you know how recent this all is ? how new it is ? I had to ask my computer to ?learn new spelling? for that word. This is an emergency. And any argument about origins of oil are going to have to get in line. We?ve got bigger fat to fry, presently.

Fair? Fair. Now, go plant a permaculture forest, and do something fracking useful, why don?t you??

Whew. Hopefully Jack keeps me on the show ? it?s always a blast. Look for the archives for our soon-to-be famous on-air almost-good-humor debates. Much appreciated, Jack for the challenge.

Source: http://deadlinelive.info/2013/07/13/the-jack-blood-abiotic-oil-challenge-accepted/

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Protestants attack Belfast cops over blocked march

BELFAST, Northern Ireland (AP) ? Protestant hardliners attacked lines of Belfast riot police Friday as Northern Ireland's annual mass marches by the Orange Order brotherhood reached a furious, chaotic end with running street battles at several conflict zones.

In north Belfast, police in flame-retardant suits and helmets deployed a half-dozen armored cars to block a road so that Protestant Orangemen could not march past the edge of Ardoyne, a militant Catholic district that has become the most bitterly contested spot on the city map.

Men jumped on top of the armored barricade and, as hundreds of marchers and supporters formed a sea of often alcohol-fueled fury behind them, wielded pipes, golf clubs, wood planks and even ceremonial swords to vandalize the police vans.

Emboldened, some threw bottles and bricks point-blank into police lines. Many in the mob cheered as one policeman, struck and knocked semiconscious, was dragged to safety by colleagues.

Officers responded by firing a massive mobile water cannon at the rioters, propelling at least one shirtless man sideways off the roof of an armored car and on to the pavement, his forehead split open.

But the Protestant crowd kept swelling and hurling objects into police lines, forcing officers to respond with volleys of snub-nosed plastic bullets in a failed bid to force the crowd to disperse or retreat.

During melees that lasted for hours, police said at least 23 officers and several rioters were injured, as was the Protestant politician who represents north Belfast in British Parliament, Nigel Dodds.

Dodds was struck in the head with a brick and knocked unconscious while talking to Orangemen standing near the police barricade. His Democratic Unionist Party, the largest in Northern Ireland, later said he had regained consciousness in Belfast's Royal Victoria Hospital.

Leaders of the Orange Order vowed to keep Protestants rallying to the confrontation zone until police caved in and permitted the march past Ardoyne.

The police commander, Chief Constable Matt Baggott, said his force would stand its ground and gather video evidence against the many hundreds of rioters.

Police were enforcing a surprise decision by a British-appointed Parades Commission to bar the Orangemen from using the main road beside Ardoyne to return Friday night to their nearby lodge, the first time such an order had been given.

The cross-community commission said it wanted Orangemen to stay away from that 300-yard stretch of road because, for the previous four years, Irish Republican Army splinter groups based in Ardoyne had attacked police with gunfire, grenades, firebombs and other weapons and wounded more than 250 officers in clashes that always followed the Orangemen's passage.

Orangemen accused the commission of surrendering to IRA violence and warned that both sides could play that game.

More than 4,000 Northern Irish officers and 630 reinforcements imported from Britain were deployed to keep control of the streets for this year's "Twelfth," Northern Ireland's official sectarian holiday, when the British Protestant majority commemorates a 17th-century military victory over their Irish Catholic foes.

In a sign that police expect Protestants to riot all weekend, police installed portable toilets and stacked pallets of bottled water for officers manning the armored-car barricades near Ardoyne. Commanders requested several hundred more police reinforcements from Britain due to arrive Saturday.

Police also faced angry crowds around Short Strand, the only Catholic enclave in otherwise Protestant east Belfast. There, rival crowds of youths traded salvos of bottles, bricks, golf balls, bolts and ball bearings over high security fences called "peace lines." Police suffered barrages of firebombs from the Protestant side and responded with more water-cannon blasts.

Police advised motorists to avoid much of north and east Belfast to avoid becoming trapped in the mob violence.

Before the rioting began, Orange leaders marched to the Parades Commission headquarters and unfurled a banner that read, "We will not be defeated. No surrender."

Orange leaders laid blame in advance for any bloodshed on the Parades Commission, which since 1997 has imposed restrictions on Orange marches to minimize conflict with Catholic communities.

Arguments over Friday's violence threatened to create a rift in Northern Ireland's unity government, a 6-year-old coalition of political extremes that has governed Northern Ireland with surprising stability in fulfillment of the territory's 1998 peace accord.

First Minister Peter Robinson, a Protestant who leads the Democratic Unionist Party, blamed Short Strand's Catholics for starting the rioting in east Belfast and the Parades Commission for creating an explosive situation in Ardoyne.

Robinson said Protestants felt "justifiable anger and frustration at the Parades Commission, who bear much responsibility for the situation in Belfast as do those who attacked parades as they passed certain locations." But he said Protestants' attacks on police and Catholics "can never be justified and must stop."

His major Catholic partners in government, the Irish nationalist Sinn Fein party, accused Robinson of blaming everyone but those most responsible: Orange Order leaders.

Deputy First Minister Martin McGuinness said Orange chiefs whipped Protestants into a frenzy and called their leadership "a disgrace."

His Sinn Fein colleague, Alex Maskey, called Robinson's response to the violence "disappointing and a failure in leadership."

Robinson is seeking an emergency recall of the Northern Ireland Assembly next week to debate the reasons for barring the Orangemen from Ardoyne and the causes of Friday's disorder.

"The Twelfth" commemorates the July 12, 1690, triumph of Protestant King William of Orange against the Catholic he dethroned, James II, in the Battle of the Boyne south of Belfast.

The Orange Order, founded in 1795 as a force for uniting often-feuding Protestant denominations under one anti-Catholic banner, was instrumental in creating Northern Ireland in 1921 shortly before the predominantly Catholic rest of Ireland won independence from Britain.

Catholic clashes with police over Protestant marches triggered the rise of Northern Ireland's modern conflict in 1969. The issue has defied resolution despite a two-decade peace process that has delivered paramilitary cease-fires, British military withdrawals, police reform and a power-sharing government.

Friday's approximately 550 Orange parades attracted unusually heavy crowds of spectators, who brought lawn chairs to the roadsides and basked in exceptional sunshine on what was the hottest, muggiest day of the year.

Among the Belfast spectators, many bedecked in Union Jack-patterned hats and sunglasses, was a sleeping infant bearing a bib that read, "My 1st Twelfth."

Source: http://news.yahoo.com/protestants-attack-belfast-cops-over-blocked-march-195534922.html

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Friday, May 31, 2013

Nasdaq paying $10M to settle Facebook disruption

WASHINGTON (AP) ? Nasdaq has agreed to pay a $10 million penalty to settle federal civil charges after regulators said its systems and decisions disrupted Facebook's public stock offering last year.

The Securities and Exchange Commission said Wednesday that the penalty is the largest ever imposed against an exchange. Nasdaq also has had to pay $62 million in reimbursements to investment firms that lost money because of the problems.

Facebook launched its initial public offering on May 18, 2012 amid great fanfare. But computer glitches at Nasdaq delayed the start of trading and threw the launch into chaos. The technical problems kept many investors from buying shares that morning, selling them later in the day or even knowing whether their orders went through. Some said they were left holding shares they didn't want.

The SEC says a design flaw in Nasdaq's systems was to blame and Nasdaq officials then made a series of "ill-fated decisions."

Nasdaq neither admitted nor denied wrongdoing.

Robert Greifeld, the CEO of the exchange's parent Nasdaq OMX Group Inc., called the settlement an "important step forward."

In a letter to customers made public Wednesday, Greifeld said Nasdaq has carefully reviewed the Facebook disruption over the past year and put new technical safeguards in place. The exchange has taken steps such as creating new executive positions within its technology division, and setting up teams to monitor and test trading systems, Greifeld said.

In addition to its namesake stock exchange, Nasdaq OMX also operates other exchanges and clearinghouses in the U.S. and abroad.

The Facebook IPO was widely anticipated and one of the largest in history. The social network was valued at more than $100 billion when it went public for $38 a share.

Nasdaq violated market rules by being poorly prepared for the launch, the SEC said. Exchanges have an obligation to ensure that their systems and contingency plans are strong enough to manage an IPO without disrupting the market.

The SEC said Nasdaq officials believed they had fixed the design flaw by removing a few lines of computer code and opted not to delay the start of trading in Facebook. But they failed to understand the root cause of the problem, the SEC said.

The $10 million penalty had been expected. Nasdaq said last month that it might have to pay that amount to resolve the matter with regulators.

In its administrative order issued Wednesday, the SEC also censured Nasdaq. Censure brings the possibility of a stiffer sanction if the alleged violation is repeated.

On Wednesday, Facebook shares fell 78 cents, or 3.2 percent, to close at $23.32

Source: http://news.yahoo.com/nasdaq-paying-10m-settle-facebook-disruption-173358535.html

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Hader: Stefon probably won't be on 'SNL' again

TV

2 hours ago

Eight years, countless strangely named nightclubs and a "human roomba" later, Bill Hader sayshe doesn't think Stefon will be back any time soon.The "Saturday Night Live" actor announced earlier this month that the season 38 finale of 'SNL' would be his laston the show, and he sat down with Willie Geist and Megan Colarossi to talk about Hader's fan-favorite character.

Willie: So how does it feel to be done with 'SNL'?

Bill: I feel good. It was more like my wife and I decided we were moving to California because we were flying out there a lot. So it was like, "Can I still do 'SNL' and live in LA?" and it wasn?t going to work out.

Willie: Was there any trepidation about stepping away from 'SNL'?

Bill: No, because to me it was like "I did SNL." I mean, getting "SNL" was pretty amazing so just to be able to have an eight-year career there and be really happy with everything I did, it was pretty big.

Megan: I heard there's an interesting story about you and Andy Samberg auditioning at the same time?

Bill: We both were auditioning at the same time and he was the guy next to me and he had a backpack full of props, not like Carrot Top-style, but people bring props, a lot of people do that. But I looked over and I was going, "I didn?t bring anything, I'm an idiot. Why didn't I think to bring any props or anything?" And he said he was looking at me and thinking, "Oh, he didn't bring any props, why did I?" We were both just wrecks.

Watch: Bill Hader's best celeb impressions on SNL

Willie: The big question everyone wants to know, will we ever see Stefon again?

Bill: That might have been it.

Willie: No Stefon movie?

Bill: No, probably not. Lorne (Michaels) talked about (a movie), and me and John Mulaney who I write that with, we talked about it and said, no I don?t really think there?s a movie there. I mean, it barely worked as a sketch! We couldn?t do it as a sketch, that?s why we put it on "(Weekend) Update." I was like, "Unless I break during the movie, I don?t think people are gonna watch."

Willie: The hands coming to the face, did that come from you laughing?

Bill: No, that was a part of the character, him being nervous. And then it helped when (John Mulaney) would start changing the cue cards and I'd laugh. The cue-card changing, it was really only two or three times where they?d change it and it?d be something completely different that I didn?t know about. Most of the time when I would start laughing was something that we wrote that week and I still couldn?t keep it together, like the Human Roomba joke. But sometimes as I?m walking out, John Mulaney would say, "Oh I changed the club promoter to Gay Liotta. Have fun!"

Willie: It seems like there was a competition to see who could come up with the most obscure reference.

Bill: We?d try to take the Stefon pitches to the amazing writing table at "SNL" and we?d say, "OK, what club should this take place in?" and people would say really funny stuff, but then John would go, "A haunted diaper" and I?d agree and say, "Yeah, a haunted diaper." And eventually the writers just said, "Yeah, go away, we can't." And we don?t really laugh that much while we?re writing it. It?s just kind of sitting there, long stretches of silence. Most of the time it was just slamming your head against the wall. I think with that writers' room thing, it was hard to give notes on Stefon as far as what to cut and what not to cut because it was like, "I don?t know what any of this means."

Source: http://www.today.com/entertainment/bill-hader-says-we-probably-wont-see-stefon-again-6C10116962

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Wednesday, May 29, 2013

Morgan Stanley property unit to raise up to $3 billion global fund: WSJ

(Reuters) - Morgan Stanley's real estate unit, Morgan Stanley Real Estate Funds, is looking to raise between $1 billion and $3 billion for a global property fund, the Wall Street Journal reported, citing people familiar with the discussions.

Morgan Stanley executives have begun talks with pension funds and other prospective investors, and are hoping that China Investment Corp will become an anchor investor, the Journal reported.

China Investment, a huge government-run fund, owns a 6.4 percent stake in Morgan Stanley, according to Reuters data.

Since the 2008 financial crisis, private funding in real estate has been dominated by private-equity companies such as Blackstone Group LP and Starwood Capital Group, which have raised billions of dollars to take advantage of improving property markets.

A Morgan Stanley executive declined to comment to the Wall Street Journal. The bank could not be reached by Reuters outside of regular business hours.

(Reporting By Maria Ajit Thomas in Bangalore; Editing by Stephen Coates)

Source: http://news.yahoo.com/morgan-stanley-property-unit-raise-3-billion-global-023317370.html

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