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By DAN ELLIOTT, Associated Press Writer Dan Elliott, Associated Press Writer – 34 mins ago

FORT COLLINS, Colo. – A Colorado sheriff said he was pursuing criminal charges in the case of a 6-year-old boy who vanished into the rafters of his garage while the world thought he was zooming through the sky in a flying saucer-like helium balloon.

The boy's parents, Richard and Mayumi Heene, met with Larimer County investigators for much of the afternoon, but Sheriff Jim Alderden didn't say who would be charged or what the charges would be.

Alderden didn't call Thursday's hours-long drama a hoax, but he expressed disappointment that he couldn't level more serious charges in the incident, which sent police and the military scrambling to save young Falcon Heene as millions of worried television viewers watched.

"We were looking at Class 3 misdemeanor, which hardly seems serious enough given the circumstances," Alderden said. "We are talking to the district attorney, federal officials to see if perhaps there aren't additional federal charges that are appropriate in this circumstance."

He said deputies were seeking a search warrant for the family's home, and there would be more information at a news conference Sunday.

After the sheriff went inside, Richard Heene and his wife walked out. As reporters yelled questions, all Heene said was, "I was talking to the sheriff's department just now." He then walked to his car with his wife and a friend, and they drove away.

The Heenes were expected to speak to reporters outside their home later Saturday, after a strange day that began with Richard Heene knocking on the windows of journalists camped outside his home and promising a "big announcement." A few hours later, he did an about-face when he told reporters that they should leave questions in a cardboard box on the front doorstep.

As Heene walked away, a reporter shouted, "Can you tell us once and for all if this is a hoax?"

"Absolutely no hoax. I want your questions in the box," Heene said, waving a cardboard container before going back into his home.

A circus-like atmosphere formed outside, including men holding signs and occasionally yelling "balloon boy." One sign read, "Put balloon boy on TV: America's Most Wanted."

Other gawkers carried aluminum-foil stovetop popcorn makers that resembled the silvery balloon launched from the family's backyard Thursday, with 6-year-old Falcon Heene believed to be onboard.

While Richard and Mayumi Heene were at the sheriff's office, the couple's three sons remained home, apparently being watched by sheriff's officials. Authorities wouldn't comment on what was happening.

Alderden had said that he wanted to re-interview the family after Falcon turned to his dad during a CNN interview and said "you said we did this for a show" when asked why he didn't come out of his hiding place. Then Falcon got sick during two separate TV interviews when asked why he hid.

The balloon was supposed to be tethered to the ground when it lifted off, and no one was supposed to be aboard. A video of the launch shows the family counting down in unison, "3, 2, 1," before Richard Heene pulls a cord, setting the balloon into the air.

"Whoa!" one of the boys exclaims. Then his father says in disbelief, "Oh, my God!" He then says to someone, "You didn't put the (expletive) tether down!" and he kicks the wood frame that had held the balloon.

Falcon's brother said he saw him inside the compartment before it took off and that's why they thought he was in there when it launched. Heene said he had yelled at Falcon before the launch for getting inside.

Alderden said earlier that he thinks it's likely that Falcon ran off because he was scared of getting in trouble, later falling asleep in his hiding spot. He said he doubted that such a hyperactive boy could be ordered to stay quiet for the five hours he was missing.

Over the years, Richard Heene has worked as a storm chaser, a handyman and contractor, and an aspiring reality-TV star.

He and his family appeared on the ABC reality show "Wife Swap," and the show's producer said it had a show in development with the Heenes but the deal is now off. TLC also said Heene had pitched a reality show to the network months ago, but it passed on the offer.

Despite his attempts to get on TV, Heene insisted Saturday that he didn't know what kinds of questions were being asked about him because he didn't have cable.

"I'm going to place the box out front. Please write your questions down, because friends are telling me they're saying this and that. I have no idea what the news is saying," Heene said.

Article Link:
http://news.yahoo.com/s/ap/20091018/ap_on_re_us/us_boy_in_balloon

by Elodie Mazein Elodie Mazein – Thu Oct 15, 9:56 am ET

LONDON (AFP) – The Arctic ice cap will disappear completely in summer months within 20 to 30 years, a polar research team said as they presented findings from an expedition led by adventurer Pen Hadow.

It is likely to be largely ice-free during the warmer months within a decade, the experts added.

Veteran polar explorer Hadow and two other Britons went out on the Arctic ice cap for 73 days during the northern spring, taking more than 6,000 measurements and observations of the sea ice.

The raw data they collected from March to May has been analysed, producing some stark predictions about the state of the ice cap.

"The summer ice cover will completely vanish in 20 to 30 years but in less than that it will have considerably retreated," said Professor Peter Wadhams, head of the polar ocean physics group at Britain's prestigious Cambridge University.

"In about 10 years, the Arctic ice will be considered as open sea."

Starting off from northern Canada, Hadow, Martin Hartley and Ann Daniels skied over the ice cap to measure the thickness of the remaining ice, assessing its density and the depth of overlying snow, as well as taking weather and sea temperature readings.

Across their 450-kilometre (290 mile) route, the average thickness of the ice floes was 1.8 metres (six feet), while it was 4.8 metres when incorporating the compressed ridges of ice.

"An average thickness of 1.8 metres is typical of first year ice, which is more vulnerable in the summer. And the multi-year ice is shrinking back more rapidly," said Wadhams.

"It's a concrete example of global change in action.

"With a larger part of the region now in first year ice, it is clearly more vulnerable. The area is now more likely to become open water each summer, bringing forward the potential date when the summer sea ice will be completely gone."

Doctor Martin Sommerkorn, senior climate change adviser for the World Wide Fund for Nature's international Arctic programme, said the survey painted a sombre picture of the ice meltdown, which was happening "faster than we thought".

"Remove the Arctic ice cap and we are left with a very different and much warmer world," he said.

Loss of sea ice cover will "set in motion powerful climate feedbacks which will have an impact far beyond the Arctic itself," he added.

"This could lead to flooding affecting one quarter of the world's population, substantial increases in greenhouse gas emission from massive carbon pools and extreme global weather changes."

"Today's findings provide yet another urgent call for action to world leaders ahead of the United Nations climate summit in Copenhagen in December to rapidly and effectively curb global greenhouse gas emissions."

Article Links:
http://news.yahoo.com/s/afp/20091015/wl_canada_afp/britaincanadaarcticclimateenvironmentscience

By MARCUS WOHLSEN, Associated Press Writer Marcus Wohlsen, Associated Press Writer – Wed Oct 7, 9:49 pm ET

SAN FRANCISCO – Marijuana advocates are gathering signatures to get as many as three pot-legalization measures on the ballot in 2010 in California, setting up what could be a groundbreaking clash with the federal government over U.S. drug policy.

At least one poll shows voters would support lifting the pot prohibition, which would make the state of more than 38 million the first in the nation to legalize marijuana.

Such action would also send the state into a headlong conflict with the U.S. government while raising questions about how federal law enforcement could enforce its drug laws in the face of a massive government-sanctioned pot industry.

The state already has a thriving marijuana trade, thanks to a first-of-its-kind 1996 ballot measure that allowed people to smoke pot for medical purposes. But full legalization could turn medical marijuana dispensaries into all-purpose pot stores, and the open sale of joints could become commonplace on mom-and-pop liquor store counters in liberal locales like Oakland and Santa Cruz.

Under federal law, marijuana is illegal, period. After overseeing a series of raids that destroyed more than 300,000 marijuana plants in California's Sierra Nevada foothills this summer, federal drug czar Gil Kerlikowske proclaimed, "Legalization is not in the president's vocabulary, and it's not in mine."

The U.S. Supreme Court also has ruled that federal law enforcement agents have the right to crack down even on marijuana users and distributors who are in compliance with California's medical marijuana law.

But some legal scholars and policy analysts say the government will not be able to require California to help in enforcing the federal marijuana ban if the state legalizes the drug.

Without assistance from the state's legions of narcotics officers, they say, federal agents could do little to curb marijuana in California.

"Even though that federal ban is still in place and the federal government can enforce it, it doesn't mean the states have to follow suit," said Robert Mikos, a Vanderbilt University law professor who recently published a paper about the issue.

Nothing can stop federal anti-drug agents from making marijuana arrests, even if Californians legalize pot, he said. However, the U.S. government cannot pass a law requiring local and state police, sheriff's departments or state narcotics enforcers to help.

That is significant, because nearly all arrests for marijuana crimes are made at the state level. Of more than 847,000 marijuana-related arrests in 2008, for example, just over 6,300 suspects were booked by federal law enforcement, or fewer than 1 percent.

State marijuana bans have allowed the U.S. Drug Enforcement Administration to focus on big cases, said Rosalie Pacula, director of drug policy research at the Rand Corp.

"It's only something the feds are going to be concerned about if you're growing tons of pot," Pacula said. For anything less, she said, "they don't have the resources to waste on it."

In a typical recent prosecution, 29-year-old Luke Scarmazzo was sentenced to nearly 22 years and co-defendant Ricardo Ruiz Montes to 20 years in federal prison for drug trafficking through a medical marijuana dispensary in Modesto.

At his bond hearing, prosecutors showed a rap video in which Scarmazzo boasts about his successful marijuana business, taunts federal authorities and carries cardboard boxes filled with cash. The DEA said the pair made more than $4.5 million in marijuana sales in less than two years.

The DEA would not speculate on the effects of any decision by California to legalize pot. "Marijuana is illegal under federal law and DEA will continue to attack large-scale drug trafficking organizations at every level," spokeswoman Dawn Dearden said.

The most conservative of the three ballot measures would only legalize possession of up to one ounce of pot for personal use by adults 21 and older — an amount that already under state law can only result at most in a $100 fine.

The proposal would also allow anyone to grow a plot of marijuana up to 5 feet-by-5 feet on their private property. The size, Pacula said, seems specifically designed to keep the total number of plants grown below 100, the threshold for DEA attention.

The greatest potential for conflict with the U.S. government would likely come from the provision that would give local governments the power to decide city-by-city whether to allow pot sales.

Hundreds of medical marijuana dispensaries across the state already operate openly with only modest federal interference. If recreational marijuana became legal, these businesses could operate without requiring their customers to qualify as patients.

Any business that grew bigger than the already typical storefront shops, however, would probably be too tempting a target for federal prosecution, experts said.

Even if Washington could no longer count on California to keep pot off its own streets, Congress or the Obama administration could try to coerce cooperation by withholding federal funds.

But with U.S. Attorney General Eric Holder's announcement earlier this year that the Justice Department would defer to state laws on marijuana, the federal response to possible legalization remains unclear.

Doug Richardson, a spokesman for the White House's Office of National Drug Control Policy, said the office is in the process of re-evaluating its policies on marijuana and other drugs.

Richardson said the office under Obama was pursuing a "more comprehensive" approach than the previous administration, with emphasis on prevention and treatment as well as law enforcement.

"We're trying to base stuff on the facts, the evidence and the science," he said, "not some particular prejudice somebody brings to the table."

Article Link:
http://news.yahoo.com/s/ap/20091008/ap_on_re_us/us_marijuana_legalization

NEW YORK/LONDON (Reuters) - Gold surged to a record high above $1,040 per ounce on Tuesday, as investors piled into the metal to preserve the value of their dollar-denominated assets against erosion by a weakening dollar and inflation.

Both spot gold prices and U.S. gold futures have benefited from a convergence of factors, including technical buying, a report that some oil producers could switch to other currencies to price their crude and worries about the potential inflation impact of unprecedented global fiscal stimulus.

"In an environment where interest rates are virtually zero, the incremental cost of moving into gold is nil. It stands to reason for investors that gold is more desirable," said Jack Ablin, chief investment officer at Harris private bank in Chicago.

Spot gold hit a historic $1,043.45 per ounce, and was last up 1.9 percent at $1,036.10 at 2:36 p.m. EDT (1836 GMT), against $1,016.65 quoted late in New York on Monday.

Bullion surpassed its previous record $1,030.80 set in March 2008. Year to date, the metal has gained 18 percent.

However, Tuesday's all-time high was still sharply below the inflation-adjusted record pinpointed by analysts. Metals consultancy GFMS put that figure as high as $2,079 an ounce.

Most-active U.S. gold December futures hit an all-time high $1,045. December settled at $1,039.70 an ounce, up 2.2 percent or $21.90.

Bullion also hit six-month highs when priced in sterling and euros, breaking above 700 euros an ounce for the first time since early April.

The dollar slipped sharply after U.K. newspaper the Independent said Gulf Arab states were in secret discussions to end the use of dollars in oil trading. Big oil-producing countries later denied the report.

An interest rate hike in Australia also reinforced expectations the Federal Reserve will lag other central banks in ending its loose monetary policy.

Gold's rally was driven primarily by fears over currency depreciation. A weaker dollar, however, will eventually lead to import-led inflation down the road, analysts said.
Traders said they were also seeing rising demand in India, the largest consumer of gold last year, ahead of the Diwali festival on October 19.

Mark Cutifani, chief executive of AngloGold Ashanti, the world's third largest and Africa's top gold producer, said he saw gold prices at $950 to $1,100 an ounce in the next 12 months, and they could break $1,100 if the U.S. economy continued to dip and investment demand rises.

The yellow metal's gains helped lift silver to a two-week high of $17.36 an ounce as investors bought it as a cheaper proxy for gold. Silver, which has the market characteristics of both the precious and industrial metals, was later at $17.25 an ounce against $16.59. Palladium hits its highest since August last year at $308.50. It was last at $307.50 against $298.50.

Platinum, the precious metal widely used in autocatalyst manufacturing, also benefited from gold's climb, as well as the better appetite for risk demonstrated by rising equity markets. Platinum was at $1,315 an ounce against $1,293.

Article Links:
http://www.reuters.com/article/newsOne/idUSTRE59534Z20091006?pageNumber=1&virtualBrandChannel=0

Published: 6:39AM BST 06 Oct 2009

The move would see oil priced not in dollars but in a unit based on a basket of currencies including the Chinese yuan, the Japanese yen, and a new currency intended for use by the Gulf emirates, according to a report in Tuesday's Independent newspaper. The paper added that the transistion from the dollar to a new currency will take almost a decade.

Finance ministers and central bankers have held meetings in Russia, China, Japan and Brazil to discuss the idea, which the Americans are aware of, the Independent said.

"Eventually there will be a move to non-dollar commodity contracts, and it may be the next big risk for the dollar," Ben Simpfendorfer, chief China economist for Royal Bank of Scotland, told Bloomberg. "At the same time, I don't want to overplay the importance of the story. There's no credible sources there."

The financial crisis has intensified speculation about the eventual demise of the dollar as the world's reserve currency. In the last six months, Russia, Brazil, India and China have already discussed buying each other's debt as a way of cutting their dependence on the dollar, while the United Nations last month proposed a new global currency to replace the greenback.

The dominant role of the dollar in world trade and financial markets - a position it inherited from sterling - has already been under threat since the formation of the euro and the emergence of China as a major economic power.

The amount of the the world's currency reserves held in dollars has fallen over the past decade, with the it declining to a record low of 62.8pc in the second quarter, figures from the International Monetary Fund showed last week. The euro's share climbed to 27.5pc from 25.9pc.

But few experts expect the dollar's status to be quickly eclipsed.

Niall Ferguson, a Harvard University Professor, said yesterday that there wouldn't be a dollar collapse given the lack of proper alternatives. “There are enormously strong arguments for maintaining a substantial pile of your reserves in dollar form,” according to Professor Ferguson. "That is still the currency of choice for most of the trade that goes on in the world.”

However, there seems little doubt that China's fears over the fate of the dollar have increased recently. Timothy Geither, the US Treasury Secretary, has sought to ease China's worry that America's combination of record low interest rates and a policy of printing money will spark a sharp decline in the currency. China is America's biggest international creditor.

The dollar was weaker in early morning trading in London, losing half a cent against the euro at $1.4722 and weaker against the pound.

Article Link:
http://www.telegraph.co.uk/finance/currency/6263992/Dollars-demise-plotted-by-oil-producers-China-and-France-report-says.html