Mike the Mad Biologist

Archives for March, 2009

Krugman’s 1992 Prediction

There’s been a lot of talk about the Newsweek article on economist Paul Krugman. But this part seems particularly relevant:

A small bill could have huge implications for preventing the evolution of antibiotic resistance. Every couple of years, the Preservation of Antibiotics for Medical Treatment Act (PAMTA) is offered for consideration. Two weeks ago, Democratic Rep. Louise Slaughter proposed PAMTA again for consideration. Here are the key provisions ofthe proposed bill:

It’s a trite saying to “follow the money”, but, in the case of Senator Evan Bayh’s (D-Goldman SachsIndiana) decision to oppose serious mortgage readjustments on foreclosed properties (“cramdowns”), it seems to fit. Here’s the background on Bayh’s opposition to cramdowns on foreclosures:

The GOP has officially entered a self-parody feedback loop. Case in point, House Minority leader Rep. Boehner’s spokescritter on Obama’s tax reform commission (italics mine):

…and both Helmut and the Mad Biologist told you that would be the case over a year ago. From The Washington Post (italics mine):

Some Sunday Links

Here are some links for you. Science firstest:

At this point, diversity in the Obama administration means you’ve never worked for Goldman Sachs. Meet the newest Obama nominee, Gary Gensler for head of the Commodity Futures Trading Commission (italics mine):

When Sheep Meet LEDs

It’s a dancing revue:

One Way to Deal with AIG

I’ve argued before that nationalizing financial institutions the way the Obama Administration has done is incredibly stupid. If you’re going to nationalize chunks of the economy, get some people who are partial to doing so. Which brings me to this little story from the New Deal era:

While I think Bernie Madoff is a real slimeball (what Jew steals from Elie Wiesel?), putting him in super-maximum security is ridiculous: