The Corpus Callosum

Archives for February, 2009

Just like I was saying.  HT: Naked Capitalism.  With videos.  This is not from some marignalized doomer.  It is from the Financial Times.

This chart shows what the stock market had been doing since the summer of 2007, when the effects of the economic crisis were openly recognized by the Administration.  You can see that that various interventions have resulted in brief improvements, but nothing sustained.  The overall trend clearly is downward.  Unfortunately, I can’t recall where I…

Why We Tolerate Government

I used to wonder why we, the people of the USA, tolerate our government.  Then I read this: “Front-running isn’t who’s getting the benefit; it’s who’s paying the price,” says Henning, noting that Madoff’s market- making customers expected the firm to obtain the best price available when buying or selling stocks. Instead, their interests were…

This needs to be replicated before any conclusions can be drawn, but it is encouraging.  21 patients with relapsing-remitting multiple sclerosis, in whom conventional treatment failed, were given a stem cell treatment.  17 patients improved; 16 had no relapse at all; none got worse.  They were studied over a period of two to four years. …