A group of foreign officials toured the future site of the Commonwealth Games in India and found the athletes’ rooms filthy and uninhabitable. The games start Oct. 3 if anyone shows up. A footbridge to the site collapsed landing a dozen people in hospital. India is suffering from high food price inflation.
So they really need good news. Here it is from Alex Seagal of The Contarian Investor, quoting from AP:
The Indian military has a new weapon against terrorism: the world’s hottest chili. After conducting tests, the military has decided to use the thumb-sized “bhut jolokia,” or “ghost chili,” to make tear gas-like hand grenades to immobilize suspects, Indian defense officials said.
The bhut jolokia was accepted by the Guiness Book of World Records in 2007 as the world’s spiciest chili. It is grown and eaten in India’s northeast for its taste, as a cure for stomach troubles and a way to fight the withering summer heat.
It has more than 1,000,000 Scoville units, the scientific measurement of a chili’s spiciness.
Classic Tabasco sauce ranges from 2,500 to 5,000 Scoville units, while jalapeno peppers measure anywhere from 2,500 to 8,000.
‘The chili grenade has been found fit for use after trials in Indian defense laboratories, a fact confirmed by scientists at the Defense Research and Development Organization,’ Col. R. Kalia, a defense spokesman.
Yesterday NY Times science reporter James Gorman says he wears a respirator when making hot sauce with his home grown habanero peppers (Scoville heat 100,000 to 350,000). The chile was American and brought to India, Indonesia, Thailand, and Szechuan only after-Columbus.
Next Wednesday is the Covestor closed-end fund web seminar. I am particularly anxious that as many of my readers as possible turn up at the webinar because yesterday, after I bought a closed-end fund I wrote up for our paid readers, the Covestor group again announced that those paying to track my positiosn would not be allowed to buy the CEF because Covestor will not let me recommend a stock with less than $10,000 in daily trading or less than $50 mn in capitalization.
Moreover, their Internet Brokerage order site does not provide information on volumes, capitalization, or often even prices. So I am flying blind until they crack down on my ideas after the trades go in.
My new pick yesterday, found by researching closed-end yield funds at the deepest discount from the net asset value of the shares they hold, turns out–post hoc–to be unacceptable for the Covestor followers according to Covestor.
The webinar is with Dan Plettner. Come one and come all. Sign up at https://www3.gotomeeting.com/register/539427606
*More news from Norway, The Netherlands, India, Britain, Canada, Israel, South Africa, China, Brazil, and Sharm El-Sheikh follows for paid subscribers only. Join them because using a tracking account turns out not to work as it should. Controversial news below.
