Sunday, March 31, 2013

@23:15, 3/30/13

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1
U.S.

Memphis Drops Confederate Names From Parks, Sowing New Battles

The City Council’s decision to remove Confederate names from three parks has sparked controversy in the face of a state bill that would make such renamings more difficult.
Parks and Other Recreation Areas; City Councils; Civil War (US) (1861-65); Historic Buildings and Sites; Names, Geographical; 

http://en.wikipedia.org/wiki/Memphis,_Tennessee

"In 1795 the Spanish governor of Louisiana, Manuel Gayoso de Lemos, acquired land for a fort from the Chickasaw. Fort San Fernando de las Barrancas was built in the summer of 1795 on the fourth Chickasaw Bluff, just south of the Wolf River. It gave Spain control of navigation on the Mississippi River in the region until 1797 when it was abandoned in keeping with Pinckney's Treaty.[6][7] The fort was dismantled, its lumber and iron shipped away. Its ruins went unnoticed when Memphis was laid out twenty years later.[8]
The land comprising present-day Memphis remained in a largely unorganized territory throughout most of the 18th century. In 1796, the site became the westernmost point of the newly admitted state of Tennessee, located in the Southwest United States.

19th century

Memphis in the mid-1850s
Memphis was founded in 1819 by John Overton, James Winchester and Andrew Jackson.[9][10] The city was named after the ancient capital of Egypt on the Nile River.[11] Memphis developed as a transportation center in the 19th century because of its flood-free location, high above the Mississippi River.
As the cotton economy of the antebellum South depended on the forced labor of large numbers of African-American slaves, Memphis became a major slave market. In 1857, the Memphis and Charleston Railroad was completed, the only east-west railroad across the southern states prior to the Civil War.
Tennessee seceded from the Union in June 1861, and Memphis briefly became a Confederate stronghold. Union ironclad gunboats captured the city in the naval Battle of Memphis on June 6, 1862, and the city remained under Union control for the duration of the war. Memphis became a Union supply base and continued to prosper throughout the war. Meanwhile, Confederate General Nathan Bedford Forrest harassed Union forces in the area.
In the 1870s, a series of yellow fever epidemics devastated Memphis. The worst outbreak, in 1878, reduced the population by nearly 75% as many people died or fled the city permanently. Property tax revenues collapsed, and the city could not make payments on its municipal debts. As a result, Memphis temporarily lost its city charter and was a taxing district from 1878–1893. The city was rechartered in 1893

2
Business Day

Reports Show Income Is Up, and So Is Spending

A range of economic indicators showed signs of strength and momentum despite the broad federal spending cuts known as the sequester.
Economic Conditions and Trends; Inflation (Economics); Consumer Behavior; Income;

Krugman:
"March 30, 2013, 11:32 am

No Trickle

I should give a shout-out to Larry Mishel’s note showing that the share of corporate-sector income going to profits has soared to levels not seen in more than 40 years. Here’s another way to see the same thing, with total workers’ compensation in blue and profits in red, both shown as indexes with the quarter before the recession at 100:
There doesn’t seem to be much trickle-down going on."

The Price Is Wrong

But which price — that is the question.
It’s a slow morning on the economic news front, as we wait for various euro shoes to drop, so I thought I’d share a meditation I’ve been having on the diagnosis and misdiagnosis of the Lesser Depression. It’s not really different from what I’ve been saying all along, but maybe coming at it from a different angle is somewhat enlightening.
So, start with our big problem, which is mass unemployment. Basic supply and demand analysis says that things like that aren’t supposed to happen: prices are supposed to rise or fall to clear markets. So what’s with this apparent massive and persistent excess supply of labor?
In general, market disequilibrium is a sign of prices out of whack; and most people commenting on our mess accept the notion that one or more prices are for some reason not adjusting. The big divide comes over the question of which price is wrong.
As I see it, the whole structural/classical/Austrian/supply-side/whatever side of this debate basically believes that the problem lies in the labor market. (I know, the Austrians will deny it — but it doesn’t matter what you say about their position, any comprehensible statement leads to angry claims that you don’t understand their depths). For some reason, they would argue, wages are too high given the demand for labor. Some of them accept the notion that it’s because of downward nominal wage rigidity; more, I think, believe that workers are being encouraged to hold out for unsustainable wages by moocher-friendly programs like food stamps, unemployment benefits, disability insurance, and whatever.
As regular readers know, I find this prima facie absurd — it’s essentially the claim that soup kitchens caused the Great Depression. But let’s stick with the economic logic for now.
So what’s the alternative view? It’s basically the notion that the interest rate is wrong — that given the overhang of debt and other factors depressing private demand, real interest rates would have to be deeply negative to match desired saving with desired investment at full employment. And real rates can’t go that negative because expected inflation is low and nominal rates can’t go below zero: we’re in a liquidity trap.
There are strong policy implications of these two views. If you think the problem is that wages are too high, your solution is that we need to meaner to workers — cut off their unemployment insurance, make them hungry by cutting off food stamps, so they have no alternative to do whatever it takes to get jobs, and wages fall. If you think the problem is the zero lower bound on interest rates, you think that this kind of solution wouldn’t just be cruel, it would make the economy worse, both because cutting workers’ incomes would reduce demand and because deflation would increase the burden of debt.
What my side of the debate would call for, instead, is a reduction in the real interest rate, if possible, by raising expected inflation; and failing that, more government spending to increase demand and put idle resources to work.
So how can you tell which side is right? Well, these differing views make differing predictions. If you believe that the problem is excessive wages, you believe that the economy is fundamentally suffering from a supply-side constraint. In that case government borrowing is competing with the private sector for a limited quantity of resources, so big budget deficits should lead to soaring interest rates; meanwhile, because the supply of goods is limited, large increases in the money supply should lead to soaring inflation. Oh, and cuts in government spending should, if anything, be expansionary, because they both release resources to the private sector and make life tougher for workers who try to live on public benefits.
If, on the other hand, you believe that the problem lies in a shortfall of demand due to the zero lower bound, you believe that government borrowing needn’t drive up rates, because it puts unemployed resources to work; that monetary expansion won’t be inflationary, because the money will just sit there; and that fiscal austerity will be strongly contractionary.
I leave the adjudication of these competing claims as an exercise for readers.
Oh, and one more thing: no, you can’t say “Well, there may be truth to both views”. Either the economy is supply-constrained or it’s demand-constrained. Of course even the most ardent demand-siders will admit that there are supply constraints in there somewhere, that if we had an economic boom we would, after some period of time, enter a regime where printing money is inflationary and government borrowing drive up interest rates. But not here, not now.
So yes, the price is wrong — but it’s a terrible, disastrous mistake to focus on the wrong wrong price."

3
 
World

Cost of Environmental Damage in China Growing Rapidly Amid Industrialization

A report from the Ministry of Environmental Protection put the figure at $230 billion in 2010, based on costs rising from pollution and damage to the ecosystem.
Environment; Air Pollution; Economic Conditions and Trends; 

From this I have no idea how bad it is.

http://journalistsresource.org/studies/international/china#

http://en.wikipedia.org/wiki/Coal_in_China

Year Coal Production
(Billion short tons)
2000 1.00
2001 1.11
2002 1.42
2003 1.61
2004 2.00
2005 2.19
2006 2.38
2007 2.62
2008 2.72
2009 2.96
Coal in China (Mt)*[10]

Production Net import Net available
2005 2,226 -47 2,179
2008 2,761 nd 2,761
2009 2,971 114 3,085
2010 3,162 157 3,319
2011 3,576 177 3,753
by IEA, exclude China Hong Kong
 
Coal has quadrupled since 2000

http://en.wikipedia.org/wiki/Demographics_of_China

More than I want to dig at tonight.  
The question: are people dying faster recently due to pollution?
If so how much?
4
World

Fixing the Failed Elevator Pitch: Translating Military Skills for Civilian Employers

A program by the U.S. Chamber of Commerce unveils a resume-building website intended to help young veterans translate their military experiences for civilian employers.
Hiring and Promotion; Labor and Jobs; United States Defense and Military Forces; Veterans; 

There is no work.  
 
5
U.S.

On Space Coast, Signs of Comeback After End of an Era

After a harsh economic downturn and the loss of 8,000 jobs at NASA when a shuttle program ended, Brevard County, Fla., is recovering by diversifying beyond aerospace.
Unemployment; Labor and Jobs; Recession and Depression; United States Economy; 

Vulture.com
Dealers in surplus people.
 
6
Opinion

California Beaming

You can laugh at the sunbaked barbarians, but their renaissance is another chapter in the American experiment.
Budgets and Budgeting; High-Speed Rail Projects; Infrastructure (Public Works); 

Sour grapes?
I will live where you live.
The water project is not a good thing.
 
7
N.Y. / Region

Landlord Accused of Endangering Tenants

A Queens landlord who authorities said had packed nearly 50 people in illegally converted apartments was charged with reckless endangerment and other crimes.
Landlords; Accidents and Safety; Real Estate and Housing (Residential); Fires and Firefighters; 

Slum lords were supposed to have become a thing of the past.
 
8
Business Day

Survey Details Data Theft Concerns for U.S. Firms in China

The report from the American Chamber of Commerce in China also detailed concerns over weak enforcement of intellectual property rights and restricted Internet access.
Cyberattacks and Hackers; Copyrights and Copyright Violations; Corporations; 

It is their country.

9
Business Day

Hospitals Question Medicare Rules on Readmissions

In response to new federal regulations, institutions are spending millions to help patients avoid returning to the hospital, but some say that the penalties they seek to avoid are unjust.
Hospitals; Health Insurance and Managed Care; Medicare; Deaths (Fatalities); Patient Protection and Affordable Care Act (2010); 

Profit conscious management likes repeat customers.
More is better.
 
10
Opinion

King Cotton's Long Shadow

Slavery was crucial to the development of global capitalism.
Economic Conditions and Trends; International Trade and World Market; Slavery; United States Economy; 

I question Professor Johnson's assessments of the initial conditions of the slave based cotton economy.  That makes little difference to his assessment of the chattel slave system or to terrors of its continuing deconstruction.
 
11
U.S.

Indiana: Judge Blocks Parts of State Immigration Law

A federal judge has permanently blocked Indiana from enforcing two main provisions of its 2011 immigration law.
Law and Legislation; Identification Devices; Immigration and Emigration; 

The Confederated States of America lost its war for independence.
 
12
Business Day

A Start-Up Tries to Give Wine Spritzers a New Image and a Second Wind

A year from now, Jayla Siciliano hopes Bon Affair’s bottles will be lining the shelves of all the Whole Foods stores in California and offered on Virgin America flights.
Small Business; Start-ups; Wines; 

"Only  barbarians drink unwatered wine"    Aristotle
It is alcohol.

13
Opinion

Poor Baby: Daddy’s Got a Text Message

Readers react to an essay calling for more personal interaction and less texting.
Babies and Infants; Text Messaging; Breastfeeding; Science and Technology; 

There is more than one bit of bad advice in this business.

The baby is central but life continues and parents are in it.

14
 
N.Y. / Region

Relying on Hotel Rooms for Thousands Uprooted by Hurricane Sandy

City officials said those in hotels were mostly poor, with no home to return to or not enough income to qualify for available apartments.
Hurricane Sandy (2012); Disasters and Emergencies; 

Concentration camps have such a bad reputation.
 
15
Business Day

A Top Agency Expands Its Social Footprint

A division of McCann Erickson New York that specializes in social media will grow to 30 employees, and will stress interactions with consumers.
Social Networking (Internet); Online Advertising; Advertising and Marketing; 

I did not want to play this game or its progenitors.
I am still looking for an alternative.
 
16
U.S.

Tip Sheet: What to Do After Your Admissions Decision Arrives

Now that college acceptance and wait-list offers are out, a college counselor offers a list of what should — and shouldn’t — happen next.
Admissions Standards; Colleges and Universities; Financial Aid (Education); 

Good advice.  Some of it is applicable.
 
17
U.S.

James M. Nabrit, a Fighter for Civil Rights, Dies at 80

Mr. Nabrit was a longtime lawyer for the NAACP Legal Defense and Education Fund who argued for school integration at the Supreme Court.
Civil Rights and Liberties; Deaths (Obituaries); Legal Profession; 

"Bloody war and quick promotion!"     A junior officers toast.
 
18
Opinion

The Talmud and Other Diet Books

When Mayor Michael Bloomberg’s anti-obesity programs fail, look to God and the ancient Greeks.
Religion and Belief; Fasting; Food; Talmud; Obesity; 

Antiquity persists.
 
19
N.Y. / Region

New Cabs Could Avoid Hybrid Ban

The Bloomberg administration wanted all cabs to be Nissan NV200s, but relented and said some large hybrids could be allowed.
Electric and Hybrid Vehicles; Taxicabs and Taxicab Drivers; Suits and Litigation; 

Subsidize what is desirable.  Electric vehicles and handicapped access deserve encouragement.  
Hybrid power is second best.  Better than internal combustion only in urban environments.  Not as good as battery electric.
 
20
Business Day

Hong Kong Plan to Limit Public Data on Directors Put on Hold

Bankers, corporate lawyers, accountants and journalists had assailed the plan as a retreat from corporate transparency that would damage Hong Kong's position as a financial center.
Regulation and Deregulation of Industry; Banking and Financial Institutions; Privacy; 

Finance runs on confidence.  It is all a front.



 

@9:31, 3/31/13

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I have my #3 brother visiting.


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Saturday, March 30, 2013

@19:44, 3/29/13

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Answered below.



@16:38

1
U.S.

Dairy Finds a Way to Let Cows Power Trucks

An Indiana farm is turning the manure from its cows into fuel for its fleet of 42 delivery trucks, an endeavor that is being called a pacesetter for the dairy industry.
Cattle; Alternative and Renewable Energy; Agriculture and Farming; Methane; Natural Gas; Waste Materials and Disposal;
2
U.S.

Victim and Prosecutor Back Death Row Inmate’s Bid for Resentencing

Duane E. Buck’s guilt has never been disputed, but the testimony of a psychologist has raised questions about the role that race played in the decision to sentence him to die.
Prisons and Prisoners; Capital Punishment; Sentences (Criminal); Race and Ethnicity; Decisions and Verdicts; Psychology and Psychologists; Murders and Attempted Murders;
3
Science

Mystery Malady Kills More Bees, Heightening Worry on Farms

A mysterious ailment appears to have expanded drastically in the past year, wiping out as many as half of the hives needed to pollinate much of America’s produce.
Bees; Pesticides; Agriculture and Farming; Environment;
4
Business Day

New Problem for Boeing 787 Battery Maker

GS Yuasa, the maker of the battery for the Boeing 787 that overheated and led to the grounding of the fleet, has discovered overheating in its lithium-ion battery for cars.
Electric and Hybrid Vehicles; Lithium (Metal); Batteries; Defective Products; Airlines and Airplanes; Automobiles;
5
Opinion

Benefits for Drug Felons

A political science professor at Emory responds to an editorial, “Unfair Punishments.”
Ex-Convicts; Welfare (US); States (US); Prisons and Prisoners;
6
Opinion

Down Syndrome and a Death

Why did an encounter between a man with Down syndrome and three off-duty county sheriff’s deputies at a movie theater have to turn deadly?
Police; Down Syndrome; Police Brutality and Misconduct; Editorials;
7
N.Y. / Region

U.S. Wants State to Pay After Audit of Youth Care

The Department of Health and Human Services criticized the operation of family-based rehabilitation homes for mentally ill and emotionally disturbed young people.
Medicaid; Budgets and Budgeting; Mental Health and Disorders; Therapy and Rehabilitation;
8
Business Day

The Most Common Consumer Complaints

The federal consumer agency said more than half the complaints it received concerned mortgages and a quarter were related to credit cards.
Consumer Protection; Credit and Debt; Credit Cards; Mortgages; Personal Finances;
9
Real Estate

Tax-Abatement Changes Affect Many Unit Owners

Tax abatements for co-ops and condos will no longer be available to those who own their residences through trusts and LLCs.
Cooperatives; Real Estate and Housing (Residential); Property Taxes; Tax Credits, Deductions and Exemptions;
10
Health

Link Is Found Between Stressful Events and Stillbirths

Pregnant women who have stressful experiences in the year before giving birth are more likely to deliver stillborn babies, a new study reports.
Stillbirth; Pregnancy and Childbirth; Anxiety and Stress;
11
Business Day

Skepticism From Court in Drug Case

Several Supreme Court justices questioned the legality of some payments made by brand-name drug companies to potential generic competitors.
Antitrust Laws and Competition Issues; Inventions and Patents; Generic Brands and Products; Drugs (Pharmaceuticals);
12
Technology

Tip of the Week: Beware of Tax Season Scams

E-mail messages that claim to be from the Internal Revenue Service asking for personal information are probably phishing scams.
Computers and the Internet; Federal Taxes (US); Frauds and Swindling; Phishing (Computer Fraud); Text Messaging;
13
Opinion

Antibiotics and the Meat We Eat

While the F.D.A. can see what kinds of antibiotic-resistant bacteria are coming out of livestock facilities, the agency knows little about the antibiotics that are being fed to the animals.
Antibiotics; Drugs (Pharmaceuticals); Factory Farming; Meat;
14
Business Day

Monsanto and DuPont Settle Fight Over Patent Licensing

DuPont will pay Monsanto at least $1.75 billion over 10 years for the rights to technology for herbicide-resistant soybeans.
Suits and Litigation; Genetic Engineering; Inventions and Patents; Soybeans;
15
Business Day

Judge Questions S.E.C. Settlement with Steven Cohen's Hedge Fund

Judge Victor Marrero made it clear that he was troubled that SAC Capital did not have to acknowledge wrongdoing to settle insider-trading accusations by the Securities and Exchange Commission.
Hedge Funds; Insider Trading; Securities and Commodities Violations; Suits and Litigation;
16
Business Day

Amazon to Buy Social Site Dedicated to Sharing Books

Amazon’s purchase of Goodreads, a social media site built around sharing books, would give the online bookseller more power in determining which authors get exposure.
Social Networking (Internet); Book Trade and Publishing; Books and Literature; E-Books and Readers;
17
N.Y. / Region

Fitness on the Fast and Friendly Track

Camaraderie among runners is built through clubs associated with several tracks in Manhattan.
Running; Organizations, Societies and Clubs; Exercise;
18
Opinion

Recycling Electronics

The Consumer Electronics Association responds to a front-page article.
Electronics; Recycling of Waste Materials;
19
Business Day

A Mortgage Practice Gets a Closer Look by Regulators

A widespread practice by lenders of buying often-costly insurance for mortgaged property and billing the owner is under scrutiny.
Insurance; Mortgages; Regulation and Deregulation of Industry;
20
U.S.

Lawsuit Accuses Founder of Yoga Empire of Misconduct

The suit, filed in Los Angeles by a former student, accuses Bikram Choudhury of sexual harassment, discrimination and defamation.
Yoga; Sexual Harassment; Suits and Litigation; Discrimination;

 ++++++++++++++++++++++++++++++++++++++++++++++




1
U.S.

Dairy Finds a Way to Let Cows Power Trucks

An Indiana farm is turning the manure from its cows into fuel for its fleet of 42 delivery trucks, an endeavor that is being called a pacesetter for the dairy industry.
Cattle; Alternative and Renewable Energy; Agriculture and Farming; Methane; Natural Gas; Waste Materials and Disposal;
2
U.S.

Victim and Prosecutor Back Death Row Inmate’s Bid for Resentencing

Duane E. Buck’s guilt has never been disputed, but the testimony of a psychologist has raised questions about the role that race played in the decision to sentence him to die.
Prisons and Prisoners; Capital Punishment; Sentences (Criminal); Race and Ethnicity; Decisions and Verdicts; Psychology and Psychologists; Murders and Attempted Murders;
3
Science

Mystery Malady Kills More Bees, Heightening Worry on Farms

A mysterious ailment appears to have expanded drastically in the past year, wiping out as many as half of the hives needed to pollinate much of America’s produce.
Bees; Pesticides; Agriculture and Farming; Environment;
4
Opinion

Antibiotics and the Meat We Eat

While the F.D.A. can see what kinds of antibiotic-resistant bacteria are coming out of livestock facilities, the agency knows little about the antibiotics that are being fed to the animals.
Antibiotics; Drugs (Pharmaceuticals); Factory Farming; Meat;
5
Business Day

Monsanto and DuPont Settle Fight Over Patent Licensing

DuPont will pay Monsanto at least $1.75 billion over 10 years for the rights to technology for herbicide-resistant soybeans.
Suits and Litigation; Genetic Engineering; Inventions and Patents; Soybeans;
6
Business Day

Judge Questions S.E.C. Settlement with Steven Cohen's Hedge Fund

Judge Victor Marrero made it clear that he was troubled that SAC Capital did not have to acknowledge wrongdoing to settle insider-trading accusations by the Securities and Exchange Commission.
Hedge Funds; Insider Trading; Securities and Commodities Violations; Suits and Litigation;
7
Business Day

Amazon to Buy Social Site Dedicated to Sharing Books

Amazon’s purchase of Goodreads, a social media site built around sharing books, would give the online bookseller more power in determining which authors get exposure.
Social Networking (Internet); Book Trade and Publishing; Books and Literature; E-Books and Readers;
8
N.Y. / Region

Fitness on the Fast and Friendly Track

Camaraderie among runners is built through clubs associated with several tracks in Manhattan.
Running; Organizations, Societies and Clubs; Exercise;
9
Opinion

Recycling Electronics

The Consumer Electronics Association responds to a front-page article.
Electronics; Recycling of Waste Materials;
10
Business Day

A Mortgage Practice Gets a Closer Look by Regulators

A widespread practice by lenders of buying often-costly insurance for mortgaged property and billing the owner is under scrutiny.
Insurance; Mortgages; Regulation and Deregulation of Industry;
11
U.S.

Lawsuit Accuses Founder of Yoga Empire of Misconduct

The suit, filed in Los Angeles by a former student, accuses Bikram Choudhury of sexual harassment, discrimination and defamation.
Yoga; Sexual Harassment; Suits and Litigation; Discrimination;
12
Business Day

Study Challenges Fuel Subsidies

A study by the International Monetary Fund found that government fuel subsidies are expensive and detract from investment in areas like education and health care.
Taxation; Economic Conditions and Trends; Energy and Power;
13
Autos

Safety Agency Opens Inquiry on Hyundai Sonata Suspension Failures

The new investigation was prompted by six reports from owners that a rear control arm failed, apparently because of corrosion.
Automobile Safety Features and Defects; Automobiles; Recalls and Bans of Products;
14
Health

Using Ex-Smokers to Spur Others to Quit

A government campaign featuring real people ravaged by smoking was so successful, officials say, that they are launching a second round.
Advertising and Marketing; Diabetes; Native Americans; Patient Protection and Affordable Care Act (2010); Political Advertising; Smoking and Tobacco; Television;
15
N.Y. / Region

Deal May End City’s Standoff With Teachers

Lawmakers in Albany reached a deal to help New York City and its teachers’ union settle on an evaluation system, preventing the city from losing millions in future education funding.
Performance Evaluations (Labor); Teachers and School Employees; Education (K-12); Organized Labor;
16
Business Day

E.P.A. Plans Stricter Limit for Sulfur in Gasoline

The Environmental Protection Agency’s proposal to cut sulfur levels, to match standards used by California, could raise the cost of gasoline by up to 8 cents.
Oil (Petroleum) and Gasoline; Air Pollution;
17
U.S.

Pentagon Reduces Furlough Days for Civilian Staff

A compromise spending bill signed this week helped the military reduce the number of unpaid days off for hundreds of thousands of Defense Department employees.
Federal Budget (US); Government Employees;
18
Business Day

Oil Giants Invest Heavily in Exploration Near Shetlands

BP and three partners, as well as the British government, hope the drilling north of Scotland will help reverse the decline in the country’s oil industry.
Oil (Petroleum) and Gasoline; Offshore Drilling and Exploration;
19
Technology

Where in the World Are Windows Phones Outselling iPhones?

On Wednesday, Microsoft said that Windows Phone was out-shipping Apple’s iPhone in seven countries. Where? Microsoft didn’t say, so Bits asked IDC.
Smartphones; Windows (Operating System);
20
Business Day

Bob Teague, WNBC Reporter Who Helped Integrate TV News, Is Dead at 84

When he joined WNBC-TV, there were few black reporters. But Mr. Teague was eventually disillusioned with TV newscasts.
News and News Media; Deaths (Obituaries); Blacks; Television;







|

@21:55, 3/29/13

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1
Opinion

Antibiotics and the Meat We Eat

While the F.D.A. can see what kinds of antibiotic-resistant bacteria are coming out of livestock facilities, the agency knows little about the antibiotics that are being fed to the animals.
Antibiotics; Drugs (Pharmaceuticals); Factory Farming; Meat; 

What antibiotic really does not matter.
Subtheraputic  use of antibiotics must cease.
The resistance to ending the practice is known as "regulatory capture".

2
Business Day

Monsanto and DuPont Settle Fight Over Patent Licensing

DuPont will pay Monsanto at least $1.75 billion over 10 years for the rights to technology for herbicide-resistant soybeans.
Suits and Litigation; Genetic Engineering; Inventions and Patents; Soybeans; 

 http://en.wikipedia.org/wiki/Glyphosate
"Glyphosate (N-(phosphonomethyl)glycine) is a broad-spectrum systemic herbicide used to kill weeds, especially annual broadleaf weeds and grasses known to compete with commercial crops grown around the globe. It was discovered to be a herbicide by Monsanto chemist John E. Franz in 1970.[3] Monsanto brought it to market in the 1970s under the trade name Roundup, and Monsanto's last commercially relevant United States patent expired in 2000.
 http://en.wikipedia.org/wiki/Roundup_Ready_soybean
"First approved commercially in the United States during 1994, GTS 40-3-2 was subsequently introduced to Canada in 1995, Japan and Argentina in 1996, Uruguay in 1997, Mexico and Brazil in 1998, and South Africa in 2001."
 http://en.wikipedia.org/wiki/United_States_patent_law
"Under current U.S. law, the term of patent is 20 years from the earliest claimed filing date (which can be extended via Patent Term Adjustment and Patent Term Extension). For applications filed before June 8, 1995, the term is either 17 years from the issue date or 20 years from the earliest claimed domestic priority date, whichever is longer."
The patent runs out next year or sooner.
3
Business Day

Judge Questions S.E.C. Settlement with Steven Cohen's Hedge Fund

Judge Victor Marrero made it clear that he was troubled that SAC Capital did not have to acknowledge wrongdoing to settle insider-trading accusations by the Securities and Exchange Commission.
Hedge Funds; Insider Trading; Securities and Commodities Violations; Suits and Litigation;

If they went to trial the whole business would become very public.
The resulting stink would likely change the rules.
 
4
Business Day

Amazon to Buy Social Site Dedicated to Sharing Books

Amazon’s purchase of Goodreads, a social media site built around sharing books, would give the online bookseller more power in determining which authors get exposure.
Social Networking (Internet); Book Trade and Publishing; Books and Literature; E-Books and Readers;

If it gets too stinky another social site will be built.
Amazon has a strong interest in keeping its power invisible.
Good reads is much more useful as a review medium informing the buyers at Amazon.
5
N.Y. / Region

Fitness on the Fast and Friendly Track

Camaraderie among runners is built through clubs associated with several tracks in Manhattan.
Running; Organizations, Societies and Clubs; Exercise;

For social exercise I will join the "Y".
 
6
Opinion

Recycling Electronics

The Consumer Electronics Association responds to a front-page article.
Electronics; Recycling of Waste Materials;

There is no reason to junk the CRT while it works.  I will not buy another.
 
7
Business Day

A Mortgage Practice Gets a Closer Look by Regulators

A widespread practice by lenders of buying often-costly insurance for mortgaged property and billing the owner is under scrutiny.
Insurance; Mortgages; Regulation and Deregulation of Industry;

Another reason not to take a mortgage loan.
 
8
U.S.

Lawsuit Accuses Founder of Yoga Empire of Misconduct

The suit, filed in Los Angeles by a former student, accuses Bikram Choudhury of sexual harassment, discrimination and defamation.
Yoga; Sexual Harassment; Suits and Litigation; Discrimination;

She will win if she and her lawyer are careful. 
Education is always expensive.

9
Business Day

Study Challenges Fuel Subsidies

A study by the International Monetary Fund found that government fuel subsidies are expensive and detract from investment in areas like education and health care.
Taxation; Economic Conditions and Trends; Energy and Power;

That the oil companies love them is reason enough to end them.
 
10
Autos

Safety Agency Opens Inquiry on Hyundai Sonata Suspension Failures

The new investigation was prompted by six reports from owners that a rear control arm failed, apparently because of corrosion.
Automobile Safety Features and Defects; Automobiles; Recalls and Bans of Products;

We use much more salt than we should.
 
11
Health

Using Ex-Smokers to Spur Others to Quit

A government campaign featuring real people ravaged by smoking was so successful, officials say, that they are launching a second round.
Advertising and Marketing; Diabetes; Native Americans; Patient Protection and Affordable Care Act (2010); Political Advertising; Smoking and Tobacco; Television;

I have not been a smoker for 37 years. 
I have no intention of rejoining the addicted.

12
N.Y. / Region

Deal May End City’s Standoff With Teachers

Lawmakers in Albany reached a deal to help New York City and its teachers’ union settle on an evaluation system, preventing the city from losing millions in future education funding.
Performance Evaluations (Labor); Teachers and School Employees; Education (K-12); Organized Labor;

The refused system did not measure performance.
If the new system does not work it will be properly refused.
 
13
Business Day

E.P.A. Plans Stricter Limit for Sulfur in Gasoline

The Environmental Protection Agency’s proposal to cut sulfur levels, to match standards used by California, could raise the cost of gasoline by up to 8 cents.
Oil (Petroleum) and Gasoline; Air Pollution;

I would prefer a bigger boost in the price of motor fuel.
Much less sulfur is a big improvement. 

14
U.S.

Pentagon Reduces Furlough Days for Civilian Staff

A compromise spending bill signed this week helped the military reduce the number of unpaid days off for hundreds of thousands of Defense Department employees.
Federal Budget (US); Government Employees;

Remember to vote against the GOP.
 
15
Business Day

Oil Giants Invest Heavily in Exploration Near Shetlands

BP and three partners, as well as the British government, hope the drilling north of Scotland will help reverse the decline in the country’s oil industry.
Oil (Petroleum) and Gasoline; Offshore Drilling and Exploration;

Rising prices will drive production for some time.
 
16
Technology

Where in the World Are Windows Phones Outselling iPhones?

On Wednesday, Microsoft said that Windows Phone was out-shipping Apple’s iPhone in seven countries. Where? Microsoft didn’t say, so Bits asked IDC.
Smartphones; Windows (Operating System);

I live without a smart phone.
I think I like it.
I want more screen and more power in my portable device.
 
17
Business Day

Bob Teague, WNBC Reporter Who Helped Integrate TV News, Is Dead at 84

When he joined WNBC-TV, there were few black reporters. But Mr. Teague was eventually disillusioned with TV newscasts.
News and News Media; Deaths (Obituaries); Blacks; Television;

My television is varieties of PBS.  I have four and should have six.
None of them are sufficiently liberal.
 
18
Style

Easter vs. Passover: In Interfaith Marriages, Mom's Faith Wins Out

In interfaith marriages, children are more likely to adopt the religion of their mother.
Children and Childhood; Jews and Judaism; Marriages; Parenting; Passover; Women and Girls;

Religion is fascinating in much the same way as a "Freak show".
Atheism is not worth the effort.
Children should be schooled in religion to proof them against some of the real nasties out there.
 
19
Booming

Why Are Boomers Getting S.T.D.s?

Many baby boomers who start dating again later in life find that sex is readily available. But so are some diseases.
Baby Boomers; Sexually Transmitted Diseases; Sex;

I have been celibate for decades. 
I was not getting what I wanted.

20
Business Day

Bankruptcy Judge Gives Airline Deal a Go-Ahead

American Airlines won bankruptcy court approval to combine with US Airways and form the world’s biggest airline.
Airlines and Airplanes; Bankruptcies; Mergers, Acquisitions and Divestitures;

I am glad I was not an investor. 
This looks like a very smelly deal.




http://krugman.blogs.nytimes.com/2013/03/29/europes-second-depression-a-correction/

March 29, 2013, 6:14 pm

Europe’s Second Depression: A Correction

Aha — in my post on Europe’s policy failure, I somehow failed to notice that the new Maddison dataset provides per capita real GDP, which means that I should use per capita GDP in looking at the current crisis. And my point about dismal performance gets even stronger:
Europe in 2013 has recovered worse from its slump than Europe in 1935. Again, great work, guys.









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