August 23rd, 2010
By: S.L. Baker
According to the National Institutes of Health (NIH) about 7.5 million Americans suffer from the chronic, autoimmune skin disease called psoriasis that causes irritated, flaky and thick patches of red skin; some forms of psoriasis are also associated with joint pain. Most medical treatment for the often painful and quality-of-life robbing disease center around controlling symptoms with medications like cortisone. But now research just published in the August issue of the Archives of Dermatology indicates there’s a non-drug way to clear and maybe cure the disease naturally — exposure to vitamin D boosting UV-B light.
Comprising the “tanning rays” from the sun that are blocked by sunscreen and long feared for supposedly causing wrinkles and “age spots”, UV-B light, it turns out, actually promotes health by increasing levels of vitamin D. Now a team of scientists from St. Vincent’s University Hospital in Dublin, Ireland, have found that treatment with narrow-band UV-B rays greatly increases serum levels of vitamin D in the wintertime. And they’ve shown how adequate exposure to UV-B light therapy can clear psoriasis. In fact, the new finding is powerful evidence that a lack of the “sunshine” vitamin is involved in the development and worsening of this skin condition.
The researchers studied 30 consecutive patients with psoriasis who were treated with narrow-band UV-B light three times per week between October 2008 and February 2009. The research subjects’ psoriasis cleared and their serum vitamin D levels (which were measured before the study, after four weeks of treatment and after the treatment was finished) were compared with those of 30 control patients who also had psoriasis but did not have any UV-B therapy. The researchers also assessed the severity of the patients’ psoriasis symptoms and their skin disease-related quality of life before and after treatment.
The results showed that levels of serum 25-hydroxyvitamin D, which is considered the most accurate measurement of vitamin D levels in the body, had increased significantly among individuals receiving UV-B therapy — rising from about 23 nanograms per milliliter to 59 nanograms per milliliter at the end of treatment. However, there was no change in the control group.
“At the end of the study, all patients in the treatment group were vitamin D sufficient, but 75 percent of the control group had vitamin D insufficiency,” the authors wrote in their paper. What’s more, the control group’s skin condition didn’t improve at all. And in the group treated with UV-B light exposure, their psoriasis severity scores decreased dramatically — from 7.1 at the beginning of the study to only 0.5 after light therapy.
July 18, 2009
By Ambrose Evans-Pritchard
Events have already forced Premier Brian Cowen to carry out the harshest assault yet seen on the public services of a modern Western state. He has passed two emergency budgets to stop the deficit soaring to 15pc of GDP. They have not been enough. The expert An Bord Snip report said last week that Dublin must cut deeper, or risk a disastrous debt compound trap.
A further 17,000 state jobs must go (equal to 1.25m in the US), though unemployment is already 12pc and heading for 16pc next year.
Education must be cut 8pc. Scores of rural schools must close, and 6,900 teachers must go. “The attacks outlined in this report would represent an education disaster and light a short fuse on a social timebomb”, said the Teachers Union of Ireland.
Nobody is spared. Social welfare payments must be cut 5pc, child benefit by 20pc. The Garda (police), already smarting from a 7pc pay cut, may have to buy their own uniforms. Hospital visits could cost £107 a day, etc, etc.
“Something has to give,” said Professor Colm McCarthy, the report’s author. “We’re borrowing €400m (£345m) a week at a penalty interest.”
No doubt Ireland has been the victim of a savagely tight monetary policy – given its specific needs. But the deeper truth is that Britain, Spain, France, Germany, Italy, the US, and Japan are in varying states of fiscal ruin, and those tipping into demographic decline (unlike young Ireland) have an underlying cancer that is even more deadly. The West cannot support its gold-plated state structures from an aging workforce and depleted tax base.
As the International Monetary Fund made clear last week, Britain is lucky that markets have not yet imposed a “penalty interest” on British Gilts, given the trajectory of UK national debt – now vaulting towards 100pc of GDP – and the scandalous refusal of this Government to map out any path back to solvency.
“The UK has been getting the benefit of the doubt, both in the Government bond market and also the foreign exchange market. This benefit of the doubt is not going to last forever,” said the Fund.
France and Italy have been less abject, but they began with higher borrowing needs. Italy’s debt is expected to reach the danger level of 120pc next year, according to leaked Treasury documents. France’s debt will near 90pc next year if President Nicolas Sarkozy goes ahead with his “Grand Emprunt”, a fiscal blitz masquerading as investment.
There was a case for an emergency boost last winter to cushion the blow as global industry crashed. That moment has passed. While I agree with Nomura’s Richard Koo that the US, Britain, and Europe risk a deflationary slump along the lines of Japan’s Lost Decade (two decades really), I am ever more wary of his calls for Keynesian spending a l’outrance.
Such policies have crippled Japan. A string of make-work stimulus plans – famously building bridges to nowhere in Hokkaido – has ensured that the day of reckoning will be worse, when it comes. The IMF says Japan’s gross public debt will reach 240pc of GDP by 2014 – beyond the point of recovery for a nation with a contracting workforce. Sooner or later, Japan’s bond market will blow up.
Error One was to permit a bubble in the 1980s. Error Two was to wait a decade before opting for monetary “shock and awe” through quantitative easing.
The US Federal Reserve has moved faster but already seems to think the job is done. “Quantitative tightening” has begun. Its balance sheet has contracted by almost $200bn (£122bn) from the peak. The M2 money supply has stagnated since January. The Fed is talking of “exit strategies”.
Is this a replay of mid-2008 when the Fed lost its nerve, bristling over criticism that it had cut rates too low (then 2pc)? Remember what happened. Fed hawks in Dallas, St Louis, and Atlanta talked of rate rises. That had consequences. Markets tightened in anticipation, and arguably triggered the collapse of Lehman Brothers, AIG, Fannie and Freddie that Autumn.
The Fed’s doctrine – New Keynesian Synthesis – has let it down time and again in this long saga, and there is scant evidence that Fed officials recognise the fact. As for the European Central Bank, it has let private loan growth contract this summer.
The imperative for the debt-bloated West is to cut spending systematically for year after year, off-setting the deflationary effect with monetary stimulus. This is the only mix that can save us.
My awful fear is that we will do exactly the opposite, incubating yet another crisis this autumn, to which we will respond with yet further spending. This is the road to ruin.