Saturday, February 13, 2016
Outlooked: Could negative interest rates lead to a situation where banks would pay you to take out a mortgage? No, but think about the implications of giving the government $10,000 for ten years and getting only $9,950 back. What does that imply about the prices of assets of all kinds, and about the safety of your savings?
Bite By Bite: Researchers in Brazil and Argentinia strongly suspect that it is not the mosquito that is transmitting microcephaly, but a Monsonto pesticide, Pyripoxyfen, used to control mosquito populations by arresting the development of their larvae. They theorize that the pesticide has contaminated water supplies. Pregnant women, the theory goes, drinking the Pyriopoxyfen laden water ingest enough of the chemical to cause development problems with their fetuses. This may explain why the Zika virus has been found in such a low percentage of the micorcephalic infants. It may not be the Pyrippozyfen-altered mosquitoes, by the larvacide itself that is to blame. Certainly the area where the majority of the affected children were born and the area sprayed with Pyripoxyfen are nearly identical. Zika has traditionally been held to be a relatively benign disease that has never before been associated with birth defects, even in areas where it infects 75% of the population.
Peace In The valley: A suit has been filed in federal court in Alabama seeking a determination of Ted Cruz's right to become president in that he is a natural-born Canadian, and not a “natural born” American. He may have derived citizenship, but that, the suit alleges, does not meet the definition of “natural born”.
Credulity Gap: Yes, it is possible that the Texas Attorney General could be disbarred for telling county clerks they could, and should, disregard the US Supreme Court's gay marriage decision. “Could.” But this is Texas politics and it just ain't gonna happen.
Priorities: A Vatican prelate is telling newly commissioned Bishops that they are not obliged to inform law enforcement of instances of child sex abuse by priests under their supervision. In God we trust, in his earthly representatives, not so much.
Backpedaling: The Democratic National Committee – for which read Hillary & Bill, Incorporated – has finally decided to back President Obama's desire to ban contributions from lobbyists, now that they've given Hillary all they were going to until it becomes clear whether she can do them some good.
Good Question: Phil Angelides, chair of the government commission that produced the definitive report on the causes of the global financial crisis, wants to know you the Department of Justice has yet to indict and try any senior bank executives for the widespread fraud and corruption that lead to the collapse of the US mortgage market. Banks have paid immense penalties – Morgan Stanley just agreed to pay another $3.2 billion for “flawed” mortgage bonds – but not a single individual has been charged with wrongdoing.
Walk A Mile In Her Shoes: Ms. Clinton says “ “I know I have had a blessed life, but I also know what it’s like to stumble and fall. And so many people across America know that feeling.” Wrong. Hillary stumbles, but a great many of us have been tripped by the establishment and been shoved into the gutter by the same Wall Street folks who give her millions “with no expectation in return.”
Porn O'Graph: Let them eat cake.
The Parting Shot:
Posted by Charles Kingsley Michaelson, III at 7:36 AM