Supplement This: After reviewing the available evidence – over 25 studies with over 350,000 subjects – researchers have (once again) concluded that vitamin supplements are unneeded, ineffective and a waste of money. Research also shows that knowing this will not change your behavior.
Wayback Machine: Is Paul Ryan serious or just pandering to the Tea Partiers when he says he wants to use the need to raise the debt ceiling next spring to extort concessions from the Democrats and shake down the country again. Has October really faded from the rear-view mirror already?
Jailhouse Blues: With but 5% of the world's population, the US holds 25% of the world's prisoners. Ah, we're number one again.
Assault & Battery: A 25 year-old Italian coed is being charged with “sexual violence” and “causing offense to a public official” after she kissed a riot cop's helmet visor during a protest. And Berlusconi isn't in jail?
Words & Deeds: Shell, in dropping its $20 billion gas-to-fluids plant, was admitting that it projects the cost of natural gas to increase – which in turn puts the lie to the cornucopian view of shale gas. Shell CDO Voser also cautioned that the potential for natural gas and oil from shale elsewhere in the world has been "a little bit overhyped".
Shortly: According to Credit Suisse, short term investment results are based on luck, so it pays to hire an investment advisor who is... lucky. And pay him accordingly.
Conform Or Go Quietly: The Rajoy government in Spain is secure enough in its hold over parliament and insecure enough in the public square that they plan to make public dissent a crime. It would ban gathering outside the parliament and most other public buildings, prevent demonstrations on the doorsteps of politicians, fine those “demeaning Spain's image” 600,000 euros and those who take photos of on-duty police 30,000 euros. The government has already extended most police powers to the private security
Numbness: Inflation was a no-show in November and is up just 1.2% for the year. Core inflation (less food and gas) was up 0.2% m/m and 1.7% y/y. Taper? What taper?
Hot Off The Press: The month of November was the hottest since record-keeping began in 1880.
Speak No Evil: Ramzi Binalshibh, a Guantanamo prisoner accused of helping the 9/11 attackers, was removed from his own trial for mentioning the CIA's secret prisons – of which he has first hand knowledge.
Sides: The Ryan budget, now proudly approved by the
Noted: Detroit is not an exception; hundreds Of US cities are turning into rotting, decaying hellholes. Jobs and businesses are exiting the cities, and leaving poverty, crime and desperation behind.
Good Citizens: Boeing, which is in the process of blackmailing union workers and seeking bribes from state and local governments, has announced it intends to return $10 billion to its shareholders via a share-buyback program.
Worm, Turned: GlaxoSmithKline says it will no longer pay doctors to promote its products. Take two aspirin and call the Justice Department.
The Parting Shot: