Thursday, September 20, 2007

The U.S. economy and its currency as an instrument of world trade has suffered a series of major setbacks in recent months. Some analysts say that the Federal Reserve‘s September 18^th dramatic rate cut to 4.75% from 5.25% may be a case of “too little, too late”, or that it was excessive and dooms the dollar.

Today, Saudi officials declined to cut interest rates in lockstep with the US Federal Reserve for the first time in decades. According to Ambrose Evans-Pritchard, International Business Editor for The Daily Telegraph, “it’s a signal that the oil-rich Gulf kingdom is preparing to break the dollar currency peg in a move that risks setting off a stampede out of the dollar across the Middle East.”

Hans Redeker, the Currency Chief at BNP Paribas, also stated today that Saudi Arabia’s move to not adjust their own interest rates in sync with the Fed’s cuts is a very dangerous situation for the US dollar. Redeker points out that “Saudi Arabia has $800bn (£400bn) in their future generation fund, and the entire region has $3,500bn under management. They face an inflationary threat and do not want to import an interest rate policy set for the recessionary conditions in the United States.”

Saudi central bank officials said that “appropriate measures” would be taken to stop the large capital inflows into the country. The Federal Reserve’s half-point rate cut has already caused a plunge in the world dollar index to a fifteen-year low, reaching the weakest level ever against the Euro at just under $1.40.

The Fed hopes that by making it cheaper to borrow, people will start spending and investing more. However, some analysts fear the cut will worsen inflation, making it harder to get personal loans, and further decrease confidence in the dollar around the world. There are already signs that global investors have started rejecting U.S. Treasury securities, and recent U.S. government data on foreign holdings show a decline in purchases of US securities from $97bn to just $19bn in July.

In response to Ben Bernanke‘s statements today about a potential mortgage and housing market crisis, CNN anchor Wolf Blitzer said, “If adjustable mortgage rates go up, people may not be able to afford their mortgage payments.” Former Federal Reserve chief Alan Greenspan said earlier this week that housing prices may fall by “double digits” as the subprime crisis bites harder, prompting households to cut back sharply on spending.

Jim Rogers, the economic commentator and former partner of George Soros, stated, “If Ben Bernanke starts running those printing presses even faster than he’s already doing, we are going to have a serious recession. The dollar’s going to collapse, the bond market’s going to collapse. There’s going to be a lot of problems.”

In recent months, the U.S. dollar has taken several other significant hits including Kuwait’s decision in May to also break its dollar peg, and threats by China to interfere with the U.S. economy, calling it their nation’s “nuclear option”. According to public sources, the Chinese government has begun a concerted campaign of economic threats against the United States, hinting that it may liquidate its vast holding of US treasuries if Washington imposes trade sanctions that seek to force a Yuan revaluation.

Saturday, January 28, 2006

The United States Food and Drug Administration (FDA) approved the use of an inhalable form of insulin for treating both forms of diabetes in adults. The product, manufactured by Pfizer Inc. is called Exubera and is a inhaled powder form of recombinant short-acting human insulin (rDNA).

Insulin is a hormone produced by the pancreas that, when released into the blood, controls the upper limits of glucose presence in the bloodstream. Diabetics cannot produce (enough) insulin on their own, and have to control their blood sugars by appropriate diet, exercise and medication. Untreated Diabetes can have a serious adverse effect on health, it can lead to higher risk of cardiovascular disease, kidney failure, retinal damage and diabetic shock, which can be fatal. Insulin has been used for the treatment of diabetes for many years now, but some patients find it difficult (and costly) to use as it has to be injected into the body, usually several times a day. Currently, about five million Americans take insulin injections. Also, the use of any form of insulin can cause blood sugar to drop below safe levels, a condition called hypoglycemia. As a result, the use of insulin must be accompanied by a careful and regular monitoring of blood sugar levels.

The FDA has issued guidelines that the inhalable form should not be used by smokers, patients with asthma, bronchitis, or emphysema as tests have shown that its use can reduce the breathing capacity of the lungs. Other side effects associated with Exubera therapy seen in clinical trials included cough, shortness of breath, sore throat, and dry mouth. The FDA has given its approval on the basis of safety studies of short-term use and studies of its effects over long-term use are underway.

Pfizer has said the product wouldn’t be widely available until June or July and that exact prices haven’t been set. A Pfizer spokesperson has said that the price will be “competitive” to injected insulin.

Saturday, March 2, 2019

On Wednesday, nine men were jailed due to sexual abuse and rape of two teenage girls at a children’s home in Bradford, England. A tenth defendant was found not-guilty.

The nine men were prosecuted for 22 different crimes. These included rape and inciting child prostitution.

Judge Durham Hall QC said they “appear not to have shown any respect for the minimum standards of decent behaviour.” Prosecutor Kama Melly QC said the victims were “ripe and vulnerable to manipulation” and had been used “to satisfy [the accused’s] sexual desires”.

One of the victims decided to allow her name to be made public. She said she did this to show victims “there is nothing to be ashamed of”. One of the victims said the men thought they were “nothing but a toy to play with”.

Bradford Council stated, “The Safeguarding Board will look closely at this case to see if there are any lessons we can learn that could help us keep young people safer”.

A compilation of brief news reports for Sunday, March 14, 2010.

[edit]

Saturday, October 3, 2009

The United States continues to implement new trade barriers; the most recent tariffs emerged on Wednesday, targeting solar panels imported from China.

The new tariff is a result of a query submitted in December 2008 by GES USA, an American solar company. The resultant inquiry sought to clarify tariffs levied on solar panels imported from China, imports which, for nearly two decades, were considered a duty-free commodity.

In early January, U.S. Customs officials reportedly informed the company that the solar panels contained electronic devices that place the panels in the electric generator import category which is subject to a 2.5% import tariff. Specifically, the ruling cited the presence of diodes on the solar panels as evidence of electric generation and hence they must be treated as an electric generator. Small solar panels already incur a 3.9% tariff. The January decision was made by a U.S. trade specialist whose rulings can be overturned.

The tariffs will be levied on imported panels that provide electricity for all uses. Additionally, tariffs will be collected dating from the beginning of 2009. The Solar Energy Industries Association estimates that the accumulated tariffs from this year may total more than US$ 70 million. This week’s tariff revelation caught many industry leaders off-guard and yesterday the Solar Industries Association moved to block the tariff. The Association president, Rhone Resch, stated “… We’re taking it [the tariff] very seriously and we will be responding. … The industry is in the process of preparing a challenge”. The Association intends to file their appeal with senior U.S. Customs officials who have the option to overrule the decision to implement the tariff. However, if the officials do not revoke the tariff, then the case must go before the U.S. Court of International Trade.

The U.S. amount spent on imported solar panels roughly matches the income from exported panels; US$ 605 million imported versus US$ 555 million exported, according to the Commerce Department figures on the first seven months of this year. Major solar panel importers have already begun to move their operations to the U.S.

Wednesday, December 7, 2016

Chemotherapy is usually associated with a collection of side effects ranging from digestive problems to hair loss, but a study published this week in Human Reproduction demonstrated that female cancer patients may find they have something in common with much younger women in one specific area — their ovaries.

Scientists from the University of Edinburgh examined donated ovarian tissue from fourteen female cancer patients, most of whom had Hodgkin lymphoma, and compared it to tissue from healthy women. They found the samples from women who had been treated with a specific chemotherapeutic regimen known as ABVD not only contained greater numbers of dormant ova — egg cells — than those from women treated with harsher regimens but also more than samples from healthy women. ABVD is named for combining several drugs known as adriamycin, bleomycin, vinblastine, and dacarbazine.

These reproductive cells were not merely more plentiful in ABVD patients. They also appeared immature, “new” in the words of lead researcher Evelyn Telfer. This challenges the conventional belief that girls are born with all the ova they will ever have and the numbers can only go down as the cells are either used up by the reproductive cycle or succumb to damage or natural aging. However, further research is needed to confirm this. The study covered relatively few patients by scientific standards, and David Albertini of the Center for Human Reproduction in New York has suggested the cells may not actually be freshly grown. Instead, they may have always been there and were merely rendered more detectable by ABVD treatment.

The ability to grow new egg cells may have significant implications for women in Western societies, many of whom postpone childbearing to establish careers, sometimes into their late thirties or forties. However, Telfer warns against making use of these findings too soon: “There’s so much we don’t know about the ovary. We have to be very cautious about jumping to clinical applications.”

The experiments had been discussed earlier this year at the annual conference of the European Society of Human Reproduction and Embryology.

Wednesday, August 5, 2009

Environmentalists in Brazil are urging the country’s residents to urinate in the shower while washing themselves, to help conserve water and save the rainforest. Television ads being aired in the country claim that by doing so, the nation could save over 1,000 gallons of water per household each year.

SOS Mata Atlantica ran the ad campaign in an attempt to use comedy to get people to reduce the amount of water they use. “[The ad is] a way to be playful about a serious subject,” said Adriana Kfouri, a spokesperson for Atlantica.

The animated ad narrated by children shows people, including a trapeze artist, an alien and dancers, all taking a shower while at the same time, urinating in it. The ending of the ad then states, “Pee in the shower! Save the Atlantic rainforest!”

Ken Livingstone, former mayor of London, England, proposed a similar campaign in 2006. He said urine should be classified as a “green waste” and that “there is no earthly reason that you need to flush the loo if you have merely urinated. That’s a huge saving of water.”

Sunday, February 19, 2006

The United States Secretary of Defense Donald Rumsfeld said that U.S. public diplomacy efforts need to do more in the media to communicate a message friendly to democracy.

“We’ll need to do all we can to attract supporters to our efforts and to correct the lies that are being told, which so damage our country, and which are repeated and repeated and repeated,” Rumsfeld said in an address to the Council on Foreign Relations in New York city on Friday. He said that insurgent groups have learned to use media and its new satellite and Internet technologies, and are working 24/7, to manipulate public opinion.

Rumsfeld called for the need to implement a “strategic communications framework” to present news information in Afghanistan and Iran. He warned, ” …the [news] vacuum will be filled by the enemy and by news informers that most assuredly will not paint an accurate picture of what is actually taking place.” He said there was a need for communications training of military public affairs officials. The Department of Defense would begin with an emphasis on using out-sourced media expertise found in the private-sector, as was done with the controversial use of Lincoln Group who placed pro-democracy stories in Iraqi media in a business arrangement with the U.S. military.

Rumsfeld was critical of the U.S. media for its sharp response to that program at his address in New York, which he said had the effect of stopping that military effort. In an appearance on the The Charlie Rose Show, a televised program taped earlier and then aired by PBS last Friday, the same day as his New York address, Rumsfeld said “When we heard about it, we said, ‘Gee, that’s not what we ought to be doing.’ … They stopped doing that.” But in a Los Angeles Times report, a Lincoln Group insider and a U.S. commander in Iraq, General George W. Casey, said the program was still in existence.

The White House has signaled a shift towards the use of media in the “War against Terror”. The U.S. Secretary of State Condoleezza Rice said in Senate testimony on Wednesday last week that $10 million is already appropriated to support political dissidents, labor union leaders and human rights activists in Iran. The Bush administration will be asking for an additional $75 million in funding for the 2006 fiscal year to expand the program.