Archive for October, 2010

U.S. Says Genes Should Not Be Eligible for Patents

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How the Banks Put the Economy Underwater

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Income disequilibrium – The top 74 Americans earned an average of $518 million in the economic troubling year of 2009. Top 1 percent earned 14 percent of all earnings in 2009 versus 11 percent in 1989.

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Is China broke? China has formed complex system for magically making its debts disappear, but a look up China’s sleeve shows that its IOUs may equal its GDP

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Officials note an increase in the severity, though not the frequency, of child abuse, blaming it on the economy

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Nobel-Winner Pissarides: QE Won’t Help Jobs

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Ohio Attorney General to Mortgage Banks: Sorry, Boys, No Do-Over

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Stiglitz: The proper role for the Fed is backing up Congress: We should try fiscal policy first, and if that raises interest rates (which is unlikely), then our monetary overlords can buy bonds to bring those rates back down

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who’s poised to profit from prop 19

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Hi, I’m wondering what companies are in a good position to profit from prop 19. It seems like tobacco companies would be the natural stock play, but from what I’ve read both Philip Morris and R.J Reynolds have lobbied against legalization. Are there any companies that are going to become ‘big Marijuana’.

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Sam, Janet, and Fiscal Policy – A clever child’s guide to zero interest rates. Sam borrows money, Janet lends it. What happens when Sam wants to repay, but Janet wants to keep lending?

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Inflation? Gary Shilling Says Deflation Is the Real Problem

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Why the wealthy want the dollar down, Phillip Davis, Seeking Alpha

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When the economy’s expansion encroaches too much on its surrounding ecosystem, we will begin have uneconomic growth, producing “bads” faster than goods — making us poorer, not richer.

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Stimulating debate – Plain thoughts on economic stimulus. Sometimes, ramping up public spending will be right thing to do, but hardly possible to calibrate accurately. Economies change. Historic data of limited value

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US spends 25 times as much on military as aid. Ignoring poverty in this way has distinct consequences for the world’s safety and prosperity.

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Marc Faber on QE2: Anything Less Than $1 Trillion From Bernanke Will Trigger A Market Correction

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New Fed stimulus will spur US, says leading banker – NEW quantitative easing by the US Fed should convince financial markets that the US is determined to revive the world’s largest economy.

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Bernake and the FED are rearranging chairs on the Titanic. QE2 is a certain road to a monetary crisis.

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And yet the data shows a fast recovery

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Piercing the Mystery of the Gold Market by Chris Powell Gold Anti-Trust Action Committee Inc.

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