Daily Digest

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Daily Digest 6/21 - WHO Calls For Emergency Meeting; Sorry, It's Not 1984

Friday, June 21, 2013, 10:47 AM

Economy

Sorry, It's Not 1984 (jdargis)

“There is a striking similarity between what [Orwell] described in 1984 and what is going on in the United States [today],” said an official Soviet newspaper. According to Orwell scholar John Rodden, in post-Stalinist Russia 1984 was presented both as dangerous propaganda and piquant literary warning that the FBI and CIA would “tap Americans’ telephones and invade their privacy.” “Already today Americans live, so to speak, under a glass cover,” according to one unironic Russian review of the book, “and are viewed from all sides.”

World Health Organisation calls emergency meeting to respond to SARS-like outbreak (VeganD)

There are also concerns that tourists could bring the virus back to their home countries. It appears to have an incubation period of up to 12 days and a fatality rate of 60 per cent.

Silver makes antibiotics thousands of times more effective (denszcz)

Many antibiotics are thought to kill their targets by producing reactive oxygen compounds, and Collins and his team showed that when boosted with a small amount of silver these drugs could kill between 10 and 1,000 times as many bacteria. The increased membrane permeability also allows more antibiotics to enter the bacterial cells, which may overwhelm the resistance mechanisms that rely on shuttling the drug back out.

Mercurial Mortgage Rates to Stabilize Soon, Analysts Say (jdargis)

By contrast, long-term rates are rising because the central bank’s current program of purchasing $85 billion a month in Treasury securities and mortgage bonds is expected to start tapering off later this year, if the economy continues to recover. Despite the sudden jump in long-term borrowing costs, some experts say it is unlikely that government bond rates will keep spiking from current levels, and could actually ease slightly.

5 Rules For Arming Rebels (jdargis)

A much greater surprise is Turkey's all-round incapacity. Early on, with characteristic bombast, Prime Minister Recep Tayyip Erdogan more or less ordered Assad to stop shooting and start talking. With 75 million inhabitants, a fast-growing economy, a million men under arms, and a 510-mile border with Syria, Turkey should have been the dominant power in the confrontation. But instead of being intimidated into surrender, or just moderation, the Assad regime publicly ridiculed Erdogan and Turkish imperial pretensions, denounced Turkey's Islamist government as nothing more than Sunni fanatics, and then proceeded to shoot down a stray Turkish jet fighter before repeatedly sending artillery rounds into Turkish towns. The Turkish response to this insult and attack? Nothing. And that is what Turkey will do as an ally of the United States in Syria: nothing.

Russia to Tap Reserve Funds for Infrastructure Projects (jdargis)

Mr. Putin, now in his 13th year as Russia’s pre-eminent political leader, made the stimulus plan the centerpiece of his speech at an annual economic forum here that serves as a gathering of the country’s top financial officials, business leaders and most important foreign investors. Slowing growth has been the obsessive topic this year.

Commodity Prices Fall as Fed Announces it may End Quantitative Easing (James S.)

Sterling Smith, a futures specialist at Citigroup Inc., commented that “investor sentiment has turned negative. The idea that the quantitative easing, sooner or later, is going to have to end, that has made inflation-oriented assets, commodity assets, very, very nervous.”

Gold & Silver

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saxplayer00o1
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saxplayer00o1
Status: Diamond Member (Offline)
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