June 10, 2010
Has it come to this again? The president is meeting with his oil spill experts, he crudely tells us, so that he knows “whose ass to kick.” We have become accustomed to his management style — target a scapegoat, assign blame and go on the attack. To win health care legislation, he vilified insurance executives; to escape bankruptcy law for General Motors, he demonized senior lenders; to take the focus from the excesses of government, he castigated business meetings in Las Vegas; and to deflect responsibility for the deepening and lengthening downturn, he blames Wall Street and George W. Bush. But what may make good politics does not make good leadership. And when a crisis is upon us, America wants a leader, not a politician.
We saw leadership on Sept. 11, 2001. Then as now, black billows seemed to come from the center of the earth. Lives had been lost. The environmental impact was immeasurable. The looming economic impact from lost tourism was incalculable. Into the crisis walked Rudy Giuliani. While that was an incomparable human tragedy, how the mayor led New York City to recover is a useful model for the president.
Rudy camped out at Ground Zero — he didn’t hole up in his office or retreat to his residence. His presence not only reassured the people of New York that someone was in charge, it also enabled the mayor to assess the situation firsthand, to take the measure of the people he had on the ground, and to understand the scope of the crisis.
The president has many critical matters that demand his attention, but brief and tardy tours and being photographed with a smudge of oil on a sandy beach don’t work on any level. There is no substitute for being there.
June 10, 2010
The Wall Street Journal
By Jon Hilsenrath
Federal Reserve Chairman Ben Bernanke says he’s a bit puzzled by surging gold prices. The 30% rally from a year ago, on top of gains in previous years, might be interpreted as a loud signal from markets that big inflation pressures are building in the U.S. Gold is seen by many investors as a hedge against inflation risk.
June 10, 2010
By Stephen Bernard and Tim Paradis
NEW YORK (AP) — Stocks are surging after reports on the U.S. job market and Chinese exports lifted anxiety about the global economic recovery.
The government says total unemployment claims dropped last week by the largest amount in almost a year.
China says exports rose 48.5 percent in May, while imports jumped 48.3 percent. The increases are easing fears that debt problems in Europe will halt a global recovery.
Energy stocks are higher after sliding Wednesday on concerns that BP would slash its dividend because of fallout from the Gulf of Mexico oil spill.
At midday, the Dow Jones industrials are up 203 at 10,102. The Standard & Poor’s 500 index is up 22 at 1,078, while the Nasdaq composite index is up 40 at 2,199.
THIS IS A BREAKING NEWS UPDATE. Check back soon for further information. AP’s earlier story is below.
NEW YORK (AP) — Stocks surged Thursday after reports on the U.S. job market and Chinese exports lifted some of investors’ anxiety about the global economic recovery.
The Dow Jones industrial average rose about 230 points in late morning trading. The Dow and the Standard & Poor’s 500 index climbed about 2.3 percent, while the technology-dominated Nasdaq composite index rose about 2 percent.
Falling Treasury prices pushed interest rates higher after demand for safety investments eased.
June 10, 2010
The New York Times
By Sewell Chan
Mr. Bernanke, the Federal Reserve chairman, warned on Wednesday that “the federal budget appears to be on an unsustainable path,” but also recognized that an “exceptional increase” in the deficit had been necessary to ease the pain of recession.
In nearly two hours of questioning by the House Budget Committee, however, Mr. Bernanke gave potential succor to members of both parties, while refusing to side with either of them.
To Republicans, he offered warnings about the fiscal perils of an aging population and the potential threat of soaring long-term interest rates. To Democrats, he made it clear that persistently high unemployment was a drag on growth and said that additional short-term stimulus spending might be needed.
All the while, Mr. Bernanke refused to endorse any particular spending cuts or tax increases, or even specify the balance between the two. And he was not subtle about his strategy.
“I’m trying to avoid taking sides on this because it’s really up to Congress to make those decisions,” he told Representative Michael K. Simpson, Republican of Idaho.
“But we need your expertise on it,” Mr. Simpson pressed.
“Well, no,” Mr. Bernanke replied. “Plenty of people have that kind of expertise, including the Congressional Budget Office and others.”
June 10, 2010
By Shobhana Chandra
June 10 (Bloomberg) — More Americans than anticipated filed applications for unemployment benefits last week, a sign firings remain elevated even as the economy is expanding.
Initial jobless claims dropped by 3,000 to 456,000 in the week ended June 5, Labor Department figures showed today in Washington. Economists surveyed by Bloomberg News projected 450,000 claims, according to the median forecast. The number of people receiving unemployment insurance fell to the lowest level since 2008, while those getting extended payments climbed.
While payrolls rose for a fifth month in May, hiring by companies was less than forecast, underscoring Federal Reserve Chairman Ben S. Bernanke’s comments yesterday that there will be “only a slow reduction” in the unemployment rate. Job gains are needed to spur consumer spending, which accounts for 70 percent of the economy, and ensure a sustained expansion.
“The labor market is not as healthy as it should be at this stage of the recovery,” said John Herrmann, senior fixed- income strategist at State Street Global Markets LLC in Boston, who forecast claims at 453,000. “Hiring isn’t ramping up and this means there are downside risks to growth, income and consumption.”
The U.S. trade deficit widened in April to the highest level in more than a year as exports dropped more than imports, a report from the Commerce Department showed. The gap grew 0.6 percent to $40.3 billion, the most since December 2008.
June 10, 2010
By David Gutierrez
(NaturalNews) A former British agricultural government advisor has said that organic farming should embrace genetically modified (GM) crops as a way to make large-scale agriculture more environmentally sustainable.
Gordon Conway, a professor of international development at Imperial College London, told the Times of London that organic agriculture focuses excessively on what is “natural.” Referring to the exclusion of synthetic technologies from the definition of organic as “rigid,” he said that GM technology should be used to increase crop yields while limiting ecological damage.
Conway’s argument, as reported by the Times, did not appear to address the concerns that critics of biotechnology have raised with GM crops. Conway stated that GM agriculture is just as “natural” as conventional plant breeding, disregarding the argument that bypassing evolutionary processes completely is more likely to have unforeseen consequences. He stated that herbicide-resistant crops have lower carbon footprints because they require less tilling of the soil, apparently ignoring evidence that such crops lead to increased use of toxic chemicals.
June 10, 2010
By David Gutierrez
(NaturalNews) Recent research from Scotland reinforces the longstanding medical opinion that vitamin D deficiency leads to a significantly increased risk of bone fractures.
Among people with hip fractures referred to the Scottish fracture liaison service, 98 percent test positive for serious deficiencies in vitamin D. Supplementation with the vitamin, on the other hand, significantly reduces the risk of repeat fractures.
“Taking a supplement can make a difference quite quickly,” said Stephen Gallacher, head of the liaison service. “Bone density can increase by 20 percent in a few months with enough vitamin D.”
“We have found we can reduce fractures by something like 30 to 50 percent. It is our belief that we can significantly reduce the risk of fractures in the population by giving people anti-osteoporosis therapy and vitamin D supplements.”
June 10th, 2010 – CHICAGO, IL – The Kevin Trudeau show is proud to announce that starting June 12th, we will be airing on WBOK 1230 AM in New Orleans, Louisiana.
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The Kevin Trudeau Radio Show originates from studios at Trudeau’s World Headquarters in Chicago. For information regarding affiliate relations visit http://www.kevinonair.com/
June 10, 2010
By S.L. Baker
(NaturalNews) Of the 35 million Americans who are age 65 or older, the National Institutes of Health (NIH) claims about 7 million of them suffer from clinical depression — and millions are on the prescription antidepressant drugs known as selective serotonin reuptake inhibitors (SSRIs) such as Prozac, Paxil, Lexapro and Zoloft. Hyped by Big Pharma as the way to solve depression problems in all age groups, these medications come with a litany of serious side effects, including some that are particularly dangerous for elders.
For example, a University of Minnesota study found SSRIs increase the rate of bone loss in older men and women. And now there’s even more reason for seniors to be wary of taking SSRIs. New research just published in Ophthalmology, the journal of the American Academy of Ophthalmology, concludes taking these antidepressants substantially raises the risk of sight-threatening cataracts.
A cataract is a clouding of the lens in the eye that affects vision. In fact, as cataracts progress, they can cause enough deterioration of eyesight that surgery is needed to remove them. Although cataracts are common in older people, there are many factors that can increase a person’s risk of actually developing the eye problem, including exposure to cigarette smoke, air pollution, and heavy alcohol consumption. And now you can add taking SSRIs to that list.
June 10, 2010
By Mike Adams
(NaturalNews) Most people are familiar with type-1 diabetes and type-2 diabetes, but did you know researchers have discovered a third type of diabetes? Type-3 diabetes, as they are calling it, affects people who are extra sensitive to electrical devices that emit “dirty” electricity.
Type-3 diabetics actually experience spikes in blood sugar and an increased heart rate when exposed to electrical pollution (“electropollution”) from things like computers, televisions, cordless and mobile phones, and even compact fluorescent light bulbs.
Dr. Magda Havas, a PhD from Trent University in Canada, recently published the results of a study she conducted on the relationship between electromagnetic fields and diabetes in Electromagnetic Biology and Medicine. In it, she explains how she and her team came to discover this about why electropollution is so dangerous for many people.
Blood sugar goes haywire
One of the most interesting finding in her study was that electro-sensitive people whose blood sugar decreases when they go for a walk outdoors actually experience an increase in blood sugar when walking on a treadmill.
Treadmills, you see, are electrical devices that emit electrical pollution. But interestingly, even the physical exertion of walking on the treadmill did not make up for the blood sugar spiking effect of the EMFs emitted by the treadmills. Despite the exercise, in other words, type-3 diabetics experienced significant spikes in blood sugar when walking on the treadmill.
Dirty electricity is bad for everyone, but it is especially bad for people who are type-3 diabetics. And Dr. Havas explains in her study that even having an electrical device plugged into the wall near someone who is type-3 diabetic can cause them problems.