Daily Digest 12/29 - Treasuries Are Not An Option, Ec. Collapse Worries, New Energy Lifting Local Economies, But At What Cost?
- Gonzalo Lira: A Run On The Global Banking System - How Close Are We?
- Treasuries Are Not An Option
- MF Global chief missing $1.2B is financial adviser to EPA
- What Worries Us Most: Economic Collapse
- Bill Gross: Low Rates Doing More Harm Than Good
- In North Dakota, A Great Divide Over Oil Riches
- With Gas Drilling Next Door, County in New York Gets an Economic Lift
- The Benefits of Shale Gas Far Outweigh the Negatives of Fracking
- Potential Neuropoison Could Be In Our Food
- Just How Harmful Are Bisphenol A Plastics?
- Bacteria 1, FDA 0
My own sense is, this is the first tremor of the earthquake that’s coming to the global financial system. And how the central banks and financial regulators treated the “Systemically Important Financial Institutions” that had exposure to MF Global—to the detriment of the ordinary, blameless customer who got royally ripped off in its bankruptcy—is both the template of how the next financial crisis will be handled, and an accelerator that will make the next crisis happen that much sooner.
Treasuries Are Not An Option (Ilene)
The problem is some corners of the market think the Fed's tools are losing their punch. The financial system is already flush with money from the bank's previous easing programs, and analysts argue that the Fed's extra money is increasingly less useful. Borrowing costs, for instance, are at all-time lows and yet many investors aren't taking advantage. If Operation Twist isn't enough to get us through 2012 - what's going to be left in the Fed's tool belt once the Global panic into Dollars begins to subside?
Even as he finds himself the public face of a bankruptcy and admitted to lawmakers that he had no idea how client funds disappeared, Congress and the administration have voiced no public concern about Mr. Abelow’s role advising the $8.6 billion government agency on its finances.
What Worries Us Most: Economic Collapse (Jeff B.)
Market research firm Leiflin Inc. asked the question on behalf of the EcoHealth Alliance, a conservation group that also works on global disease issues. One-third of the people surveyed said a global disease outbreak was one of their top three worries.
The poll of about 1,000 Americans, conducted this fall, had a margin of error of 3 percent.
ank of America (NYSE:BAC) has been the “dog” of the Dow Jones Average, down almost 60% for the year, despite billions from Warren Buffett.
Exchange-traded funds for the banking industry are all off, too, including SPDR KBW Bank ETF (NYSEARCA:KBE) and non-traded indices like KBW European Large Cap Banks.
No other county in the state has had a bigger jump in the number of households earning more than $100,000, which spiked to 21 percent from 6 percent during the last decade, according to an analysis of census data. But much like the crude below, the benefits have spread unevenly, often as a result of decisions made long ago.
This new base of customers — workers from Oklahoma, Texas and other parts of the country with long experience in drilling natural gas wells — are drawn to the region by jobs just across the state border in rural Pennsylvania, where a kind of drilling known as horizontal hydraulic fracturing, or hydrofracking, has vastly expanded over the last two years.
Some may say the facts are generated by insidious conspirators, be it Big Oil, government officials, the commercial sector and the scientific community, who have a vested interest in hiding the truth. To some degree this may be a valid statement. But, as will be seen later in this discussion, there are some reputable, independent and impartial studies that can be used to understand the truth.
Potential Neuropoison Could Be In Our Food (Chris M.)
By the late 1990s, trace amounts of PBDEs had been found in people all over the world, with the highest exposures measured in the United States. Researchers became nervous: Low doses caused neurological damage in laboratory animals, and the highest human PBDE levels were found in breast milk.
Just How Harmful Are Bisphenol A Plastics? (Chris M.)
A single breach in protocol had turned the rodents’ safe environs into acutely toxic habitats. A maintenance worker had used an abrasive floor cleaner, instead of the usual mild detergent, to wash out cages and water bottles. The acidic solution scarred the hard, polycarbonate surface of the plastic and enabled a single chemical culprit to leach out—bisphenol A (BPA).
Bacteria 1, FDA 0 (Mike K.)
A study earlier this year by a nonprofit research center in Phoenix analyzed 80 brands of beef, pork, chicken and turkey from five cities and found that 47 percent contained staphylococcus aureus, a bacteria that can cause anything from minor skin infections to pneumonia and sepsis, more technically called systemic inflammatory response syndrome (SIRS), and commonly known as blood poisoning — but no matter what you call it, plenty scary. Of those bacteria, 52 percent were resistant to at least three classes of antibiotics. So when you go to the supermarket to buy one of these brands of pre-ground meat products, there’s a roughly 25 percent chance you’ll consume a potentially fatal bacteria that doesn’t respond to commonly prescribed drugs.
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