We're Really Fucked

Mike the Mad Biologist

Category archives for We’re Really Fucked

Poll: Rank-and-File Republicans Are Insane

Here are some ‘interesting’ results from a poll conducted by Research 2000: QUESTION: Do you think Barack Obama is a socialist? Yes 63 Not Sure 16 No 21 But that’s not the crazy part. There’s more:

Too bad. You don’t really get a choice. Is the beef industry trying to turn its customers into vegetarians? From the NY Times: Eight years ago, federal officials were struggling to remove potentially deadly E. coli from hamburgers when an entrepreneurial company from South Dakota came up with a novel idea: injecting beef with ammonia.

The Economic Burden of Antibiotic Resistance

It’s between fifteen to twenty one cents of every dollar spent by hospitals. A recent study examined the costs of antibiotic resistant infections in hospitals. The main finding (italics mine): The total attributable hospital and societal cost ranges for ARI in the expanded sample were as follows: hospital, $3.4-$5.4 million; mortality, $7.0-$9.2 million; lost productivity,…

What’s $24 billion of potential losses among friends? If you want to know what a zombie bank is, the foreclosure situation in California is textbook:

Big Sh-tpile Is Still Very…

…shitty. I don’t see how the economy will substantively improve without getting rid of the zombie banks–those banks that are insolvent, that have more debts than assets. Since they are unable to make loans, they’re essentially non-functioning banks. The federal government for the first time since the banking crisis erupted has decided to make banks…

One of the goals of several of the federal interventions was to keep subprime loans high. If the prices for these loans dropped too much, then the banks holding these loans would be insolvent (loans are counted as assets under the assumption that they will be paid back)–the amount of money they owe to stockholders…

From Alegre’s Corner:

Admittedly, you won’t hear credit card companies call Congress’ failure to cap credit card interest at 15% annually (which is what credit unions are forced to do) that, but, as Ian Welsh notes, that is exactly what Congress’ inability to enact a cap means:

Probably not. I have no idea how serious this swine flu outbreak will be. As I noted yesterday, it could evolve to cause less severe symptoms or more severe symptoms–right now, nobody knows for certain. But I find the possible overreaction by the public to be disturbing (I think the public health system has adopted…

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):