Cake or Death: Please dear God... say it ain't so!!

Al Gore says global warming is YOUR fault!
"He betrayed this country! He played on our fears!"
You don't say...

September 18th, 2007

Fed Cuts Benchmark Rate Half Point, Seeking to Forestall Recession in U.S. - "The Federal Reserve lowered its benchmark interest rate by a half point to 4.75 percent, the first cut in four years, to protect the U.S. from sinking into a recession sparked by fallout from the housing-market collapse. 'Today's action is intended to help forestall some of the adverse effects on the broader economy that might otherwise arise from the disruptions in financial markets,' the Federal Open Market Committee said in a statement after meeting today in Washington. The central bank will 'act as needed to foster price stability and sustainable economic growth.' Stocks surged, two-year Treasury notes rose and the dollar fell to a record low against the euro. The larger-than-forecast reduction suggests Chairman Ben S. Bernanke is prepared to leave himself open to criticism that he's rescuing investors from bad decisions for the sake of saving the six-year expansion."
U.S. Producer Prices Drop More Than Forecast; Foreclosures on Homes Double - "The 1.4 percent decrease, the biggest since October, followed a 0.6 percent increase in July, the Labor Department said today in Washington. So-called core prices, which exclude fuel and food costs, rose 0.2 percent after a 0.1 percent gain the month before. Slower inflation gave policy makers room to cut their benchmark rate today in an effort to sustain the expansion in the face of a housing recession. A drop in fuel expenses pushed prices down in August and cooling economic growth will continue to restrain raw-material costs, economists said."

September 14th, 2007

U.S. Retail Sales, Output Rise Less Than Forecast, Adding to Rate-Cut Case - "The 0.3 percent increase in sales during August followed a revised 0.5 percent gain in July, the Commerce Department said today in Washington. Purchases excluding automobiles unexpectedly fell 0.4 percent. Production gained 0.2 percent, with factory output declining for the first time since February. While a report from the University of Michigan and Reuters Group Plc showed consumer confidence increased, their sentiment index remained near the lowest level in a year. Treasury notes rallied after the retail sales and production reports, before losing the gains."

September 13th, 2007

Greenspan Says He Didn't Foresee Credit Rout, Endorses Bernanke, CBS Says - "Current Fed Chairman Ben S. Bernanke 'is doing an excellent job,' Greenspan said in an interview on the 60 Minutes program, according to excerpts e-mailed by CBS today. The show is scheduled to air on Sept. 16, a day before the publication of Greenspan's book, 'The Age of Turbulence.' The remarks come amid criticism among some investors that Bernanke has failed to be as forceful as his predecessor in responding to financial turmoil. Greenspan in 1998 cut interest rates three times after a Russian debt default rippled through global markets. Bernanke's Fed has refrained from lowering its benchmark so far, relying on other tools to provide liquidity."
Commercial-Paper Market Decline in U.S. Slows as Concerns Over Credit Ease - "U.S. stocks rose and Treasuries fell after the Federal Reserve reported short-term debt dropped by $8.2 billion, compared with a decline of $31.3 billion a week earlier. That coincided with Countrywide Financial Corp. obtaining new financing and banks finding buyers for loans to fund Kohlberg Kravis Roberts & Co.'s buyout of Alliance Boots. Issuers with the biggest chance of default had stopped trying to sell commercial paper, rekindling appetite for short- term debt, said Tony Crescenzi, chief bond market strategist at Miller Tabak & Co. in New York. 'Investors have already pushed out the weakest issuers,' Crescenzi said in an e-mail. 'The commercial paper that remains is a relatively more respected crop.'"

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Friday, December 02, 2005

Please dear God... say it ain't so!!

This is horrible news! All you researchers out there... this should be your number one priority!

Dec. 2 (Bloomberg) -- Drinking even small to moderate amounts of alcohol does more harm than good, contradicting the common conception that a glass of wine a day can help prevent heart disease, a researcher said in the Lancet.

Any protection from heart disease through light to moderate drinking would be very small and unlikely to outweigh the harm, said Rod Jackson, a professor of epidemiology at the University of Auckland in New Zealand, in a comment in the medical journal.

"Do not assume there is a window in which the health benefits of alcohol are greater than the harms -- there is probably no free lunch," Jackson said in the comment.

Studies starting in the 1970s have shown that having one to three drinks a day may reduce your risk of heart disease between 20 percent and 25 percent. These study results may have been skewed by the fact that risk factors for heart disease seem to be more common in people who don't drink, Jackson said.

Alcohol raises the type of cholesterol in the blood that's estimated to account for about half of the heart-protective effect and also helps to thin the blood, acting like aspirin.

Moderate to heavy drinking may be able to protect the heart, Jackson said, though the benefit will be overwhelmed by the known negative effects including an increased risk for stomach ulcers, osteoporosis, liver disease, heartburn, obesity and cancer. The unhealthy behavior of heavy drinkers may also obscure any coronary protection, Jackson said.

I guess we won't be opening the pubs in old-folks homes anytime soon then.

Those sobs you hear are me crying in my beer...

Link to me! Posted by jwookie : 9:44 AM

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