DeAnne Julius: Time to prepare for the scottie

from FT:

In September 2014, Scottish voters will decide whether to leave the UK and become an independent state. It will be a straightforward Yes-No referendum, but each person’s vote will be based on a mixture of rational and emotional considerations. The currency question touches both, and therefore it could be the deciding factor in this historic decision. Read more

America The Fallen: 24 Signs That Our Once Proud Cities Are Turning Into Poverty-Stricken Hellholes – The City of Detroit Was Once Had The Highest Per-Capita Income In The United States!!

by Michael

What is happening to you America?  Once upon a time, the United States was a place where free enterprise thrived and the greatest cities that the world had ever seen sprouted up from coast to coast.  Good jobs were plentiful and a manufacturing boom helped fuel the rise of the largest and most vibrant middle class in the history of the planet.  Cities such as Detroit, Chicago, Milwaukee, Cleveland, [...]

50 Power Poles Explode (again) in Texas Hill Country

Anyone else finding the official explanation a little hard to swallow?
http://www.statesman.com/news/news/local/drizzle-mixing-with-dust-leads-to-power-outages-ac/nThPm/

About 20,000 Central Texans were left without power early Friday as a mixture of lingering dust from dry weather and a steady flow of overnight drizzle wreaked havoc for local electric utilities and their customers.
The muddy mixture helped trigger power surges and smoldering fires atop dozens of power poles, leading to the outages.
Austin Energy saw about 10,000 customer outages as [...]

New stem cell gel applied to site of injury ‘can regenerate broken spinal cord nerves to an astonishing degree’

Gel made by embedding neural stem cells in a mixture of blood clotting protein and growth chemicals

A stem cell gel developed by scientists can regenerate broken spinal cord nerves, research has shown.

The gel is applied to the site of an injury. In rats with completely severed spinal cords, it produced an ‘astonishing degree’ of nerve growth, U.S. scientists said.

Treated animals which were previously paralysed experienced ‘significant’ functional improvement and were [...]

What DOES happen if you swallow chewing gum by mistake? (And, no, it doesn’t stay in your stomach for seven years)

It is an urban myth that terrifies young children.

Swallow a piece of chewing gum and it will take seven years to pass through your gut before it is digested. Or so they say.

An even hoarier tale has it that swallowed gum can wrap itself around your heart.

But what does happen if you should accidentally eat a stick of gum?

Indigestible: But the gut just keeps moving chewing gum along until it [...]

Free Speech Free Fall: New Belgium Law Fines ‘Offensive Language’

snip

The saddest part about the recent decision in Brussels, Belgium, to fine “offensive language” is how utterly predictable it was.

When you combine the inherently expansionist character of government with the nanny-state sensibilities of the modern technocrat, the necessary outcome is total control of the individual — his or her comprehensive subsumption into the collective will.

Since there is no more potent expression of individuality than speech, and since there is no [...]

Taxis In NYC Just Got 17% More Expensive

We warned you back in May that taxi fares could rise 17%, and today as of 12:01 a.m. the new prices took effect.

 

NYC’s Taxi and Limousine Commission approved the fare increase, which rose from 40 cents for each fifth of a mile (or 60 seconds in stopped or slow traffic) to 50 cents. The base fare will remain $2.50.

Cab drivers are not required to charge the new fares until their first scheduled inspections [...]

Legless Pistorius makes Olympic history; Qualifies for 400-meter dash

South Africa’s Oscar Pistorius made history on Saturday when he became the first double amputee to compete in an athletics event at the Olympics.

The 25-year-old qualified for the semi-finals of the 400 metres by running a season’s best of 45.44 seconds in finishing second.

Pistorius, who had both legs amputated below the knee before he was aged one, because of a congenital condition, runs on carbon fibre blades.

He is also due [...]

Gene-swapping vaccines spawn lethal poultry virus: experts

Reuters
July 14, 2012

Three vaccines used to prevent respiratory disease in chickens have swapped genes, producing two lethal new strains that have killed tens of thousands of fowl across two states in Australia, scientists reported on Friday.

The creation of the deadly new variant was only possible because the vaccines contained live viruses, even though they were weakened forms, said Joanne Devlin, lead author of the paper published in the journal Science.

Devlin [...]

Gold Mining Groups Sparkle and Tumble

Ben Harrington
Telegraph.co.uk
June 29, 2012

Allied Gold – which has gold and copper production, exploration and development projects in Papua New Guinea and the Solomon Islands – leapt 48½ – 53pc –to 140p after Australian gold producer St Barbara unveiled a £360m takeover bid for the business.

St Barbara, whose core gold mining assets are based in western Australia, is offering 176p a share in a mixture of stock and cash, but Allied’s [...]

The stock market may be headed for a great disappointment

From Zero Hedge:

When it comes to the future, suddenly torn by economic uncertainty driven by a plunging stock market and a tanking economy, the talking heads and the sellside brigade have opined: more QE, preferably in the form of asset purchases.

After all it was none other than Goldman earlier today who said that “our confidence that the FOMC will ease policy once more at the June 19-20 meeting has also [...]

Fantastic post demolishes Ben Bernanke’s ridiculuous criticism of the gold standard

From Miller’s Genuine Draft:

Joe Weisenthal over at Business Insider is no friend of gold. He frequently pulls a Keynes and attacks the precious metal as a “barbarous relic,” while accusing proponents of the gold standard as cranks. In a recent post praising Federal Reserve chairman Ben Bernanke and a lecture he gave to students at American University over the origins of the central bank, Weisenthal really lets gold have it. I will [...]

‘We have some of the dumbest people in America’: John Boehner launches scathing attack on CONGRESS

House speaker John Boehner detailed the tough side of his job in a candid interview, saying that one of his lesser-known roles is that of a principal to unruly representatives.

‘We got some of the smartest people in the country who serve here, and some of the dumbest,’ he said of the elected officials.

He said that the mixture of personalities- and abilities- is essentially intentional as it is reflective of the [...]

CDC: Fatal Brain-Eating Amoebas In Nasal Washes

A student at Kunsberg School at National Jewish Health performes a nasal wash (credit: CBS)

 

DENVER (CBS4) – The Centers for Disease Control and Prevention and National Jewish Health in Colorado both have issued a warning about nasal washes after two people have died from using tap water to do their sinus rinse.

Health experts say it’s safe to use nasal washes. It’s not about the rinse, it’s about the water. They warn [...]

Richard Russell – I Will Stay with Gold & Gold Stocks to the End

kingworldnews.com 

With mounting fears over the plunge in gold and silver and continued volatility in markets globally, the Godfather of newsletter writers, Richard Russell, had this to say about gold, mining shares and stocks in his latest commentary, “I’ve often wondered why we’re here on this good earth.  And after maybe half a century of pondering, I’ve concluded that we’re here to learn.  Some people even believe that circumstances were prearranged from above [...]

Latest headlines from “Post-Disaster” Japan (No, it’s not over):

+ TEPCO: Unknown amount of ‘radioactive materials’ leaking from Reactor No. 3

+ Tweet: Cesium detected in well water @ 31 becquerels — Almost 200 km from meltdowns; 40 km from Tokyo

+ Tents over Fukushima reactors will increase dispersion of radioactive gases — Trapped radiation to be pumped up high into air

+ Almost 500 millisieverts of radiation for some in corridor NW of Fukushima meltdowns — Around 50/50 chance [...]

My Christmas gift for all…my grandfather’s eggnog recipe.

by Vics

1 Dozen Eggs
1 Cup Sugar
3 Tablespoons Vanilla
12 Oz. VO
12 Oz. Brandy
15 Oz. Dark Rum
½ Gallon Milk
8 Oz. Whipping Cream
Nutmeg (and/or cinnamon) to taste

Separate the egg whites and put yolks in a large bowl. Mix sugar, vanilla and liquor with egg yolks and beat well (until sugar is dissolved and egg yolks are thoroughly mixed in). Pour in milk and continue to beat.

In a separate bowl, beat [...]

Greek Bonds Slump As Austerity Backfires, Country Enters "Death Spiral", And The Violent End Game Approaches

“Tax revenue, desperately needed in order to consolidate the national finances, has dropped off. A mixture of fear, hopelessness and anger is brewing in Greek society”

“If you take away my family’s bread, I’ll take you down — the government needs to know that,” Meletis says. “And don’t call us anarchists if that happens! We’re heads of our families and we’re desperate.”

He predicts the situation will only become more heated. “Things [...]

Four things to consider:

1. ‘Never Short a Dull Market’ Yes, that old chestnut.

The reasoning behind the ever-popular market maxim is pretty simple: Skeptical investors tend to wait until a market peaks to truly buy in. By that time, it’s too late, and sellers start taking over. When the market is dull and makes quiet moves up, as has been the case for most of 2010, the direction often continues higher.

“People are content to [...]