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“Where are those folks going to come up with money to spend?” This is the crucial point that stimulus proponents ignore or fail to see. Many Southern European countries are broke and they do not have the means to start a stimulus programme. For them, it is only possible if other countries pick the bill for that stimulus programme up and there’s just zero political support for that. At most, these [...] (Reuters) – Banks took a huge 489 billion euros at the European Central Bank’s first ever offering of three-year funding on Wednesday, raising hope a credit crunch can be avoided and that the money may be used to buy Italian and Spanish bonds. A total of 523 banks borrowed money at the tender with demand way above the 310 billion euros expected by traders polled by Reuters in the run-up to [...] Fears concerning the possible dangers of prolonged cell phone use won’t go away, despite numerous studies showing no conclusive link between cell phones and brain tumors or cancer. Now new data from the National Institutes of Health suggesting that cell phone radiation boosts brain activity is poised to stir the debate even further. Researchers used PET scans to measure brain activity in 47 participants when they had cell phones held to [...] |
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