Monday, May 24, 2010

Economics, Princess Diana, etc.


The Senate passes the Financial reform bill. Some critics believe that it doesn't go far enough in trying to promote real financial reform. The Senate passed the bill by a vote of 59-39. It won't fix the core problems in the financial or prevent a next financial crisis. The bill don't include the Volcker Rule. It wasn't even debated. The Volcker Rule is about breaking up or substantially reining in the too big to fail banks. It doesn't force transparency in the derivatives market. Senator Feingold said that the bill doesn't eliminate the risk to our economy posed by the too big to fail financial firms. It doesn't have the real safeguards that was created after the Great Depression, which separated Main Street Banks from big Wall Street firms. That can prevent another economic meltdown. These reforms were lacking in the bill. This crisis created the nation's worst recession since the Great Depression. Senator Cantell said that this bill doesn't deal with the loopholes in derivatives trades that led into the economic implosion. Congress made efforts to weaken the bill by lacking key reforms in derivatives trading. The bill refocus the financial system away from synthetic bets and get more capital in job creators and Main Street businesses. There are some good provisions in the bill, but it still has loopholes in it. Nouriel Roubini said that the bill is cosmetic and won't stop the next crisis. Others have said that this bill won't prevent the next crisis. Dodd himself has admitted that his bill “will not stop the next crisis from coming." In fact, the bill is wholly ineffective, failing to address the core things which need to be done to stabilize the economy. The bill won't remove the massive government guarantees to the giant banks, and it won't even increase liquidity requirements to prevent future meltdown. Senator Ted Kaufman said that there are walls in the bill. The Moody’s report stated: “…the proposed regulatory framework doesn’t appear to be significantly different from what exists today.” The reforms in the bill don't change the size of the big banks. The regulators are limited in cracking down on Wall Street in the future. Democratic Congressman Brad Sherman said that the Dodd bill has unlimited executive bailout authority. This is what Wall Street received. Sherman is the senior member of the House Financial Services Committee and a certified public accountant. Arthur Delaney said that the bill have carve outs purchased by lobbyists. Corker mentioned a few hits from the carve-out list: “Private equity firms are left out,” he said. “Hedge funds are left out.”




There is a report finding that women who refuse to get an abortion have been assaulted or killed. Women who refuse requests from their husbands or boyfriends to have abortions are often physically struck by them. This report from the Elliot Institute is calling this evil a widespread epidemic. This report is called Forced Abortion America. It's drawing attention to attacks on pregnant women and girls in order to prevent them from continuing their pregnancies. There are also the epidemic of coerced and forced abortions taking place in the United States. The report shows how research suggests that most abortions are likely unwanted or coerced with one survey of women who had abortions finding that 6 percent said that they felt pressured by others to abort. The same survey found that 80 percent of the women said that they didn't get counseling when they needed to make a decision. This is in spite of the fact that more than half said that they felt rushed or uncertain about the abortion. The consequences for those who refuse abortion can be dangerous and even deadly according to the report. The report details cases of women and girls facing violent attacks or murder for resisting abortion. Studies of death rates among pregnant women in the U.S. have found that homicide is the leading cause of death among pregnant women according to the authors of the study. The cases present information that only show a fraction of the more than 200 cases that the Elliot Institute has on file of women and girls being attacked or killed with the intent of getting rid of the pregnancy. The updated report contains new cases as well as a new special selection on teens and forced abortions. There are new cases added to the report. A Kansas man and his wife were convicted of sexual abuse after the man raped his stepdaughters over a several year period, resulting in four pregnancies and at least one abortion, performed on an 11-year-old. The case was reported to authorities by a pro-life organization after one of the girls visited their office seeking an abortion; the group says that the abortion business did the abortion without informing authorities of any suspected abuse. Two Ohio teenagers were convicted for kidnapping and assaulting a pregnant teen, killing her unborn child. Police said one of the boys thought he had fathered the child, and the two hit the teen and kicked her the abdomen to cause the death of her 8-month-old unborn child. One of them allegedly told her that she should have gotten an abortion, and that "now your baby is going to die." DNA tests showed the teen as not the father. "Our files contain hundreds of stories from women and girls who were attacked or killed with the intent of getting rid of the pregnancy," said Elliot Institute spokesperson Amy Sobie. There are new cases when people secretly put RU 486 abortion drugs in their wives' or girlfriends' food or drink with the intent of killing the unborn child. These criminals are sick of course. Forcibly killing a woman and their unborn child is a disgrace. Side effects of RU-486 include hemorrhaging, nausea, diarrhea, vomiting, painful cramping, heart problems, infections and death of the mother. RU 486 is very dangerous. Some women are forced to abort in fear of losing financial aid. Meanwhile, the U.S. Equal Employment Opportunity Commission recently settled cases with two large U.S. companies for refusing to hire a pregnant applicant and firing an employee who became pregnant. These acts aren't unusual according to Elliot Institute director Dr. David Reardon. Reardon wants legislation to handle this problem. Reardon said the report underscores the need for legislation, like that recently passed in Nebraska, holding abortion businesses liable for failing to screen women for evidence of coercion or pressure to abort and to direct them to people and resources that can help them. "Too often, abortion clinics and others simply assume that if a woman is coming for an abortion, it is her free choice," he said. "This 'no questions asked' policy is especially harmful to those in abusive situations, including young girls who are victims of sexual predators. Women should not be forced into unwanted abortions and subjected to violence or pressure from others."





Economics News are occurring rapidly in the world. Right now, Rand Paul is experiencing his controversy. Paul fails to see that he is embracing near anarcho-capitalism not normal capitalism. The U.S. have fallen from embracing their own constitutional economic system. Some folks want to live in the past, but the world is more complex than back then. Even some European nations like Greece aren't socialist per se, but they have a mixed economy. Some are being increasingly capitalistic. Some of their processes are being more privatized and deregulated. Undue speculation from US/London banks have harmed Greece as well. Therefore, Greece's economy didn't collapsed, because of socialism. Not to mention that Greece once got in return from their government more than Americans. Greece has a lower income per capita then the U.S or Northern Europe in comparison. Secondly the US deficit is higher than the Greek one. Speculation in an unregulated financial sector destroyed much of Greece's finances. In the U.S., you pay a lot of taxes, and get much less in return compared to other nations. Rand Paul talks about what Cuba have is weaker than what we in the USA have. The reality is that Cuba is economically completely harmed because of sanctions in that nation since the 1960's. It was a wealthy nation until the severe sanctions hit. This doesn't justify the evil political and liberty suppression in Cuba though. In Greece, by the age of 53 you can get a pension. Here, in the US, you have to work a lot of hours just to get ends meet. You have to wait until your 60's or 70's to get a real pension. Greece is a small country of 11 million people. So, a smaller economy is way more sensitive to billionaire speculators and destabilization, then a country that has an economy 50 times as large ( like the US with about 320 million people). Greece had a lower deficit than the U.S. even though Greece has welfare, a low age retirement plan, etc. In America, welfare is very low. Rand Paul from Kentucky has a fetish against socialism while ignoring the real issues (like derivatives, deregulation, the issue of hedge funds, and the economic system being corrupt among numerous avenues). The problem isn't the essence of government in general. It's that corrupt special interests have taken control over much of the government to create problems here. That is why the people should take back the government. Monetarism obsess over money supply and budgets without talking about the lack of a physical economy that contributes to the existence of a depression (along with oligarchical companies making countries indebted). Even Barack Obama's advisers have ties to Wall Street just like the Republicans have their corporate interests. The elite funds even the Austrian Economic system in order to covertly promote evil austerity measures here in America. America is the last on the list to be fully controlled by the corporate elite in the industrialized world. These austerity measures include cutting Social Security entitlements, increasing the social security tax, and other measures (as promoted by CFR member Peter G. Peterson and others). The Federal Reserve is not really pushing money to the people directly. They are lending it to select banks, while the large banks have been buying up smaller banks, lands, farms, etc. The government should spend money directly to create jobs, provide services, and stimulate productivity. This doesn't cause inflation if supply and demand increase together. Inflation only occurs when the demand exceeds supply (or goods and services). The Social Security going bankrupt is a myth even mainstream economists really don't believe. It's a pay as you go system. Today’s social security taxes pay today’s recipients; and if necessary, the tax can be raised. Federal Reserve Notes compose only about 3% of the money supply (M3). M3 is money supply that deals with things other than currency, CD, etc. The other 97% is issued by private banks in the form of loans. Money should never be owned by select, private hands. Those in the economic populist movement want states even to form their own banks in order to help citizens solve their financial issues. If the banks in the states issue notes without interest from other places, it can create savings. One example of this is the State Bank of North Dakota that made its debt solvent (or it meet its financial obligations) and has large surpluses. This bank partners with private banks to loan money to farmers and small businesses. It makes 1% loans to start up farms, has a thriving student loan business, and purchases municipal bonds from public institutions. Conversely, Congress is refusing to sent California a modest $26 billion to cover its $26 billion budget shortfall. This is in spite of the at least $700 billion bailout money sent into international banks via Congress. I'm not even mentioning the bonuses and the trillions committed by the FED to the big banks like Goldman Sachs. The federal government has even rejected California's request for a loan guarantee that can save the state hundreds of millions of dollars in interest. A loan guarantee is a promise among 2 parties in economics. One party or the guarantor makes a promise to assume the debt obligation of a borrower if that borrower defaults (or that party can't pay off their debts). California can create their own bank to handle that debt crisis. If California uses their parks, buildings as its capital base (without FDIC capital requirements), the multiplier effect can take shape to create billions of dollars in credit. The multiplier effect is when your money supply expands after banks are able to lend (the deposits created are the multiplier effect after you handle the reserve requirement. For example, if I deposit 100 dollars, and the reserve requirement is 20%, I can loan 80 dollars to other banks. The remaining 20 dollars are kept in reserves). This can increase capital if capital is lent and relent many times over to grow capital. We the people did not precipitate this credit crisis; the banks did.


There is a Vitamin D deficiency epidemic in the world. A new study proves this point. Vitamin D is an amazing nutrient. It can protect the body from all sorts of diseases and problems. Researchers constantly find out that there is a link between a lack of Vitamin D and disease. This truth proves the vital nature of vitamin D. Recent studies show that most people are deficient in Vitamin D. There are a team of doctors form the McGill University health Centre in Canada. They were surprised to discovered that about 59% of people evaluated were deficient in Vitamin D and about 25% were severely deficient. These findings were published in the Journal of Clinical Endocrinology and Metabolism. This study is allegedly the first to illustrate a big link between vitamin D deficiency and an accumulation of fat in muscle tissue. "Because it [vitamin D deficiency] is linked to increased body fat, it may affect many different parts of the body. Abnormal levels of vitamin D are associated with a whole spectrum of diseases, including cancer, osteoporosis, and diabetes, as well as cardiovascular and autoimmune disorders," explained Dr. Richard Kremer, lead investigator of the study. The main reason about why people generally lack vitamin D is because more people spend more time indoors than they used to. There are folks working near computers and cubicles (for the entire day) in which folks are limited in their exposure of sunlight. Vitamin D isn't produced in the body on its own. It is formed when the skin is exposed to sunlight. Some foods do have vitamin D, but it's in minimal amounts as compared to what can be gained in the sunlight. Most people typical don't get enough Vitamin d rich food to obtain adequate amounts of it. The McGill study highlights an importatn link between vitamin D and obesity. These news have been ignored until now. Vitamin D deficiency contributes to decreased muscle and increased fat, which is a condition that is increasingly common among industrialized nations. Diet plays a role in obesity, but lacking vitamin D plays a role in it as well. The study seems to confirm that the growth in visceral fat (via a lack of vitamin D) can increase chances of many serious diseases. Getting more sunlight is one way to fight vitamin D deficiency. When the winter comes and the sun is in lower power via a lower angle (equating UV or ultraviolet rays at a minimum), some can desire supplementation with vitamin D. The study didn't confirm one way or another on the effectiveness of vitamin D supplementation in reducing fat and increasing muscle. Although, tests have proven that supplementation does increase blood levels of vitamin D. Some human beings take vitamin D supplements to alleviate their deficiency and have experienced good results. Currently, the recommended daily allowance (RDA) of vitamin D is between 200 and 400 international units (IU) per day, depending on age. Recent studies are showing that these recommendations are too low to maintain optimal health. Some are suggesting that these guidelines be updated to amounts upwards of 1,000 IU per day, including the Canadian Cancer Society. During a typical summer day, 15 to 20 minutes of sunlight exposure can result in the skin producing about 40,000 IU of vitamin D. At about this point, the mechanism that produces it shuts it off in order to prevent the body from making too much of it. Some naturopathic doctors recommend supplementing with up to 10,000 IU per day or more. Some believe that it's hard to make too much Vitamin D, because the safe upper limits are much higher than previously though. The best form of vitamin D now is called D3 or cholecalciferol, because it is the precursor to the type created by the body from sunlight exposure. Vitamin D3 can be safely taken at amounts much higher than the RDA guidelines. Some believe that safe tanning beds are another option in achieving optimal Vitamin D levels without taking a supplement. Some tanning beds are dangerous and can cause skin cancer. Others can be used safely and properly to obtain UV rays when regular sunlight isn't an option. These beds use electronic ballasts instead of magnetic ballasts that emit electromagnetic frequencies (or EMFs). EMFs can cause cancer and other health issues. Dr. Mercola is a credible source of natural health information. He has a a helpful directory of healthy tanning locations across the country. There are also companies that sell these tanning beds for home use. A physician can give people a blood test to determine vitamin D levels. Getting enough Vitamin D is good for your body and your health.



Princess Diana is one of the most famous women in history . She is a iconic figure that has been apart of the encyclopedia of the British consciousness. She made some lasting contributions in her day. Diana's death is as controversial as the rest of years during her life. I remember when she passed away in August 31, 1997. This was approximately the time when I was about to go into high school, but I have already finished middle school completely. The coverage of Princess Diana's death played in America non-stop for months after August 1997. This coverage was longer than the coverages of Pope John Paul II's and Ronald Reagan's deaths put together. Her bloodline has been related to a myriad of human beings from politicians to other celebrities. Before, outlining then nature of her death, it's precisely time to first give attention to her birth including her early life. She was born Diana Frances Spencer in July 1, 1961. She married Prince Charles and had 2 sons. Their names are Prince William and Prince Harry. Both Princes are third in line to the throne of the United Kingdom and 15 other Commonwealth Realms. John Spencer is her father being the 8th Earl Spencer. Her mother was Frances Spencer and she is of British and Irish descent. The place of her birth was in Park House, Sandringham in Norfolk, England. Ironically, Princess Diana's parents were divorced.


By Timothy

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