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Honeybee hordes use two weapons – heat and carbon dioxide – to kill their natural enemies, giant hornets.

Japanese honeybees form “bee balls” – mobbing and smothering the predators.

This has previously been referred to as “heat-balling”, but a study has now shown that carbon dioxide also plays a role in its lethal effectiveness.

In the journal Naturwissenschaften, the scientists describe how hornets are killed within 10 minutes when they are trapped inside a ball of bees.

Are there analogies for human behavior or interactions here?

Are we willing to assume that all the “issue” of Treasury bonds has been done “above board” as required by law.  If Treasury has been surreptitiously issuing bonds to, say, Japan, as a means of financing deficits that someone didn’t want reported over the last, oh, say 10 or 20 years, then the following is about to occur:

The $3.6 Trillion Leveraged Loan Wall of Debt

The Deal Magazine has an interesting discussion about That Worrying Wall Of Debt.

The leveraged loan market got accustomed to big numbers over the past decade. There’s $3.6 trillion, the amount of leveraged loans made since 2000, according to Thomson Reuters’ Loan Pricing Corp. There’s 735-fold, the amount of growth between 2003 and 2007 in the volume of collateralized loan obligations — the funds that helped fuel the loan market’s surge after the tech and telecom bust of 2001. And there’s $375 billion, the amount of bank debt used to fund leveraged buyouts completed between 2005 and 2007.

But right now, the leveraged loan market is fixated on one number: $430 billion, the amount in leveraged loans due to mature between 2012 and 2014. Despite the big numbers of the past, this might be simply too big. Indeed, the $430 billion figure is already worrying lenders, borrowers and loan-market investors alike as they struggle with the possibility that a large portion of those loans will neither be repaid nor refinanced, raising the specter of a wave of defaults among the debt-fueled LBO borrowers of 2005 through 2007.

Another rehash of how we look compared to 1937 in the Dow…