Saturday, March 21, 2009

Have we hit bottom yet? newsletter March 21, 2009

“The only function of economic forecasting is to make astrology look respectable.” The economist John Kenneth Galbraith


Has the Economy Hit Bottom Yet? By VIKAS BAJAJ Copyright by The New York Times. Published: March 14, 2009. http://www.nytimes.com/2009/03/15/weekinreview/15vikas.html?hp

Federal Reserve plan stuns investors By Krishna Guha in Washington. Copyright The Financial Times Limited 2009. Published: March 18 2009 18:17 | Last updated: March 18 2009 23:40. The Federal Reserve on Wednesday stunned investors by announcing plans to buy $300bn of US government debt, triggering a plunge in bond yields and the dollar. http://www.ft.com/cms/s/0/15eb2de2-13d8-11de-9e32-0000779fd2ac.html

New York Times Editorial: The Fed Does Battle, Again Copyright by The New York Times. Published: March 20, 2009. The Federal Reserve’s recent moves to revive the economy are aggressive and, given the deteriorating economy, warranted. But the risks involved must be acknowledged. And more must be done. http://www.nytimes.com/2009/03/21/opinion/21sat1.html?_r=1&ref=opinion

Bernanke fears lack of will to end crisis. Copyright by The International Herald Tribune and Reuters. Published: March 16, 2009. WASHINGTON: The U.S. recession could last most of the year, said Ben Bernanke, the Federal Reserve chairman, warning that the biggest risk was that the political will needed to fix the fractured financial system could be lacking. http://www.iht.com/articles/2009/03/16/business/usecon.php

US consumer prices rise in February By Alan Rappeport in New York. Copyright The Financial Times Limited 2009. Published: March 18 2009 12:51 | Last updated: March 18 2009 14:38. Prices in the US rose in February for the second consecutive month on the back of rebounding prices for energy, apparel and cars, the labour department said on Wednesday. http://www.ft.com/cms/s/0/cc54bbfc-13b0-11de-9e32-0000779fd2ac.html

New US jobless claims eased last week By Alan Rappeport in New York. Copyright The Financial Times Limited 2009. Published: March 19 2009 13:41 | Last updated: March 19 2009 13:41 http://www.ft.com/cms/s/0/e327e668-1489-11de-8cd1-0000779fd2ac.html

US housing starts show surprise surge By Alan Rappeport in New York. Copyright The Financial Times Limited 2009. Published: March 17 2009 14:38 | Last updated: March 17 2009 15:57. US residential building showed renewed signs of life last month, as falling construction costs lured builders to break ground, offering a glimmer of hope that the real estate slump could be near a bottom. http://www.ft.com/cms/s/0/b50c2ea2-12ee-11de-94bc-0000779fd2ac.html

Geithner faces critical test over bank plan By Edward Luce in Washington. Copyright The Financial Times Limited 2009. Published: March 17 2009 19:03 | Last updated: March 17 2009 20:23 http://www.ft.com/cms/s/0/ca89a806-1314-11de-a170-0000779fd2ac.html

US industrial production slides again By Alan Rappeport in New York. Copyright The Financial Times Limited 2009. Published: March 16 2009 14:11 | Last updated: March 16 2009 14:11 http://www.ft.com/cms/s/0/e69774a6-1233-11de-b816-0000779fd2ac.html

Game theory and GM’s bail-out By Nicole Bullock in New York. Copyright The Financial Times Limited 2009. Published: March 17 2009 18:55 | Last updated: March 17 2009 18:55. As the end of March deadline approaches for General Motors to negotiate one of the most complex financial restructurings in history, clues to the outcome may lie in the pages of game theory textbooks. http://www.ft.com/cms/s/0/586ee9b6-1323-11de-a170-0000779fd2ac.html

US plans $5bn in car supplier aid By Tom Braithwaite in Washington, Bernard Simon in Toronto and John Reed in London. Copyright The Financial Times Limited 2009. Published: March 19 2009 15:43 | Last updated: March 19 2009 15:43 http://www.ft.com/cms/s/0/c7fb9618-1499-11de-8cd1-0000779fd2ac.html



International

Ending Our Imperial Foreign Policy BY FAREED ZAKARIA. MARCH 15, 2009 10:40 PM. Copyright by The Washington Post and Newsweek. As George W. Bush's term ended, he had few defenders left in the world of foreign policy. Mainstream commentators almost unanimously agreed the Bush years had been marked by arrogance and incompetence. "Mr. Bush's characteristic failing was to apply a black-and-white mind-set to too many gray areas of national security and foreign affairs," The Post editorialized. Even Richard Perle, the neoconservative guru, acknowledged recently that "Bush mostly failed to implement an effective foreign and defense policy." There was hope that President Obama would abandon some of his predecessor's rigid ideological stances. http://newsweek.washingtonpost.com/postglobal/fareed_zakaria/2009/03/americas_imperial_foreign_poli.html

North Korea detains two US journalists By Demetri Sevastopulo in Washington and Christian Oliver in Seoul. Copyright The Financial Times Limited 2009. Published: March 19 2009 13:56 | Last updated: March 19 2009 16:39 http://www.ft.com/cms/s/0/59e0e534-148a-11de-8cd1-0000779fd2ac.html

World Economic Woes

International Herald Tribune Editorial: Trillions that the world could use. Copyright by The International Herald Tribune. Published: March 16, 2009. Senate investigators estimate that Americans who hide assets in offshore bank accounts are failing to pay about $100 billion a year in taxes. In good times, that’s grossly unfair and bad for the country. In times like these, it should be intolerable. The government not only needs the money, but closing down such tax scams is essential for President Obama’s rescue effort to retain public support and credibility. http://www.iht.com/articles/2009/03/16/opinion/edevasion.php

Paul Krugman: A continent adrift By Paul Krugman. Copyright by The International Herald Tribune. Published: March 16, 2009. MADRID: I'm concerned about Europe. Actually, I'm concerned about the whole world — there are no safe havens from the global economic storm. But the situation in Europe worries me even more than the situation in America. http://www.iht.com/articles/2009/03/16/opinion/edkrugman.php

Eurozone recession to deepen, says IMF By Krishna Guha in Washington, Bertrand Benoit in Berlin and Chris Giles and Daniel Pimlott in London. Copyright The Financial Times Limited 2009. Published: March 17 2009 21:23 | Last updated: March 17 2009 21:23 http://www.ft.com/cms/s/0/22984b88-1338-11de-a170-0000779fd2ac.html

ECB under pressure after Fed move By Ralph Atkins in Frankfurt. Copyright The Financial Times Limited 2009. Published: March 19 2009 18:09 | Last updated: March 19 2009 18:44. The Federal Reserve’s bold action this week to boost the US economy with large-scale purchases of government debt created on Thursday fresh headaches for the European Central Bank, which is eschewing such steps in favour of fighting the economic crisis via eurozone banks. http://www.ft.com/cms/s/0/1aa161c2-14ae-11de-8cd1-0000779fd2ac.html

UK Unemployment soars above 2m By Andrew Taylor, Employment Correspondent. Copyright The Financial Times Limited 2009. Published: March 18 2009 09:57 | Last updated: March 18 2009 19:30 http://www.ft.com/cms/s/0/6d85ea4c-13a1-11de-9e32-0000779fd2ac.html

Investors cheer Barclays iShares talks By Adam Jones, Lina Saigol and Peter Thal Larsen. Copyright The Financial Times Limited 2009. Published: March 15 2009 17:06 | Last updated: March 16 2009 16:23 http://www.ft.com/cms/s/0/24604b68-1181-11de-87b1-0000779fd2ac.html

Kremlin refuses to bail out Russian oligarchs By Catherine Belton and Stefan Wagstyl in Moscow. Copyright The Financial Times Limited 2009. Published: March 21 2009 00:57 | Last updated: March 21 2009 00:57 http://www.ft.com/cms/s/0/242ed6ae-15a6-11de-b9a9-0000779fd2ac.html

BoJ ramps up purchase of government bonds By Mure Dickie in Tokyo. Copyright The Financial Times Limited 2009. Published: March 18 2009 12:52 | Last updated: March 18 2009 12:52. The Bank of Japan is to increase its purchases of Japanese government bonds by nearly a third, the latest in a series of increasingly assertive measures by the central bank to respond to the pressures created by the global financial crisis and a fierce domestic recession. http://www.ft.com/cms/s/0/007aeb38-13b9-11de-9e32-0000779fd2ac.html

BoJ drafts Y1,000bn of bank loan aid By Lindsay Whipp and Mure Dickie in Tokyo, Krishna Guha in Washington and Daniel Pimlott in London. Copyright The Financial Times Limited 2009. Published: March 17 2009 09:37 | Last updated: March 17 2009 19:29. The Bank of Japan has unveiled a draft plan to provide up to Y1,000bn ($10bn) in subordinated loans to large commercial banks, in the latest radical effort by one of the world’s leading central banks to stem the global economic crisis. http://www.ft.com/cms/s/0/0190e230-12d7-11de-9848-0000779fd2ac.html

Infrastructure deficit chokes India By James Lamont in New Delhi. Copyright The Financial Times Limited 2009. Published: March 17 2009 10:55 | Last updated: March 17 2009 16:49. http://www.ft.com/cms/s/0/5f4a0a34-12df-11de-9848-0000779fd2ac.html





China

World Bank cuts China growth forecast By Jamil Anderlini in Beijing. Copyright The Financial Times Limited 2009. Published: March 18 2009 05:22 | Last updated: March 18 2009 17:46. The World Bank on Wednesday lowered its economic growth forecast for China this year to 6.5 per cent, down from 7.5 per cent at the end of last November, after huge falls in exports and shrinking private sector investment. http://www.ft.com/cms/s/0/7c3dcc82-137c-11de-9e32-0000779fd2ac.html




Mess-o-potamia


International Herald Tribune Editorial: In Pakistan, a good first step. Copyright by The International Herald Tribune. Published: March 17, 2009. President Asif Ali Zardari of Pakistan made the right choice on Monday when he agreed to reinstate the independent-minded former Supreme Court justice, Iftikhar Muhammad Chaudhry. http://www.iht.com/articles/2009/03/17/opinion/edpakistan.php

Zardari to reinstate law chief By Farhan Bokhari in Islamabad and Daniel Dombey in Washington. Copyright The Financial Times Limited 2009. Published: 16:22 | Last updated: 02:24. Pakistan’s president will reinstate Iftikhar Mohammad Chaudhary as chief justice of the supreme court, in an attempt to quash a direct challenge to his rule. http://www.ft.com/cms/s/0/e1a8abaa-1179-11de-87b1-0000779fd2ac.html

Mass Demonstration Defies Pakistani Government By JANE PERLEZ. Copyright by The New York Times. Published: March 15, 2009. LAHORE, Pakistan — A crackdown by the Pakistani government to prevent a national demonstration and detain the country’s leading opposition figure collapsed on Sunday, and what had been a clash between the police and protesters transformed into a huge antigovernment rally. http://www.nytimes.com/2009/03/16/world/asia/16pstan.html?hp

U.S. plan would more than double Afghan forces By Thom Shanker and Eric Schmitt. Copyright by The International Herald Tribune. Published: March 19, 2009 http://www.iht.com/articles/2009/03/19/asia/afghan.php

Bomb kills 4 US soldiers, as Afghan clashes spike in border area with new troops By FISNIK ABRASHI. Copyright 2009 Associated Press. 12:55 PM CDT, March 15, 2009 http://www.chicagotribune.com/news/nationworld/sns-ap-as-afghanistan,0,4315489.story

What We Don't Know About Iraq By Philip Bennett. Copyright by The Washington Post. Sunday, March 15, 2009; Page B01. What do Iraqis call the war that is now entering its seventh year? http://www.washingtonpost.com/wp-dyn/content/article/2009/03/13/AR2009031304300.html

Iraqi alliance signals ‘new political map’ By Anthony Shadid in Baghdad. Copyright The Financial Times Limited 2009. Published: March 20 2009 00:59 | Last updated: March 20 2009 00:59. Six weeks after provincial elections, Nouri al-Maliki, Iraq’s prime minister, has allied himself with an outspoken Sunni leader in several provinces and broached a coalition with a militant, anti-American cleric, suggesting the emergence of a new axis of power in Iraq centred on a strong central government and nationalism. http://www.ft.com/cms/s/0/3adfbf98-14d5-11de-8cd1-0000779fd2ac.html

Obama offers a fresh start to Iran By Daniel Dombey in Washington and agencies. Copyright The Financial Times Limited 2009. Published: March 20 2009 05:24 | Last updated: March 20 2009 07:45 http://www.ft.com/cms/s/0/30eb72fe-150f-11de-b9a9-0000779fd2ac.html

Obama and Israeli Leader Make Taped Appeals to Iran By ALAN COWELL. Copyright by The New York Times. Published: March 20, 2009
http://www.nytimes.com/2009/03/21/world/middleeast/21iran.html?_r=1&hp



National

Seeking Everyman, Obama Does Leno. By ALESSANDRA STANLEY. Copyright by The New York Times. Published: March 20, 2009. President Obama didn’t look burdened by his office on “The Tonight Show” on Thursday; he seemed bemused. http://www.nytimes.com/2009/03/21/arts/television/21watch.html?hp

View the Interview http://www.nbc.com/The_Tonight_Show_with_Jay_Leno/video/clips/president-obama-full-interview-319/1067541/

Obama signals bonus clawback support By Tom Braithwaite in Washington and Greg Farrell in New York. Copyright The Financial Times Limited 2009. Published: March 19 2009 14:27 | Last updated: March 20 2009 13:59. President Barack Obama on Thursday offered broad support for legislative efforts to claw back bonuses at bailed out financial institutions after the House of Representatives voted to impose a punitive tax on such payments. http://www.ft.com/cms/s/0/231acf54-1487-11de-8cd1-0000779fd2ac.html

Madoff’s accountant charged with fraud By Joanna Chung in New York. Copyright The Financial Times Limited 2009. Published: March 18 2009 16:45 | Last updated: March 18 2009 23:13 http://www.ft.com/cms/s/0/f16b12dc-13d9-11de-9e32-0000779fd2ac.html

US Postal Service announces early retirements, management cuts, office closings By RANDOLPH E. SCHMID. Copyright 2009 Associated Press. 6:28 AM CDT, March 21, 2009 http://www.chicagotribune.com/news/politics/sns-ap-postal-cuts,0,2411326.story



GOP Whacking

Washington Post Editorial: The Truth About Torture - An independent panel must ferret out the facts. Copyright by The Washington Post. Tuesday, March 17, 2009; Page A14 http://www.washingtonpost.com/wp-dyn/content/article/2009/03/16/AR2009031602615.html

Red Cross Described 'Torture' at CIA Jails - Secret Report Implies That U.S. Violated International Law By Joby Warrick, Peter Finn and Julie Tate. Copyright by The Washington Post. Monday, March 16, 2009; Page A01 http://www.washingtonpost.com/wp-dyn/content/article/2009/03/15/AR2009031502724.html?hpid=topnews

Obama Team Derides Cheney's Criticisms - Administration Piqued Over TV Comments By Scott Wilson. Copyright by The Washington Post. Tuesday, March 17, 2009; Page A02 http://www.washingtonpost.com/wp-dyn/content/article/2009/03/16/AR2009031603044.html?wpisrc=newsletter

McCain speaks up for Geithner By Edward Luce and Demetri Sevastopulo in Washington. Copyright The Financial Times Limited 2009. Published: March 20 2009 21:00 | Last updated: March 20 2009 21:00 http://www.ft.com/cms/s/0/6e824394-158d-11de-b9a9-0000779fd2ac.html

McCain refuses to attack Obama’s foreign policy By Edward Luce and Demetri Sevastopulo in Washington. Copyright The Financial Times Limited 2009. Published: March 20 2009 21:27 | Last updated: March 20 2009 21:27 http://www.ft.com/cms/s/0/26d9927e-1595-11de-b9a9-0000779fd2ac.html


Chicagoland

Chicago Sun-Times Editorial: Finally, a little honesty in Springfield. Copyright by The Chicago Sun-Times. March 19, 2009. Finally, a little honesty in Springfield. In his budget address Wednesday, Gov. Quinn spoke to us as adults. http://www.suntimes.com/news/commentary/1485007,CST-EDT-edit19.article

Chicago Sun-Times Editorial - Quinn's brave 1st step to fixing state's woes. Copyright by The Chicago Sun-Times. March 16, 2009 http://www.suntimes.com/news/commentary/1478278,CST-EDT-edit16.article

Parking meter rate hike sparks a rebellion BY CAROL MARIN. Copyright by The Chicago Sun-Times. March 21, 2009. I spent last week staring at parking meters. And wondering if I was witnessing the beginnings of a boycott.. Boycott is probably too strong a term. Quiet rebellion may be more like it. http://www.suntimes.com/news/marin/1488763,CST-EDT-carol22.article


Your Lack of Money

Following the A.I.G. Money

How the Fed Failed to Tell Obama About The Bonuses By David Cho and Michael D. Shear. Copyright by The Washington Post. Thursday, March 19, 2009; Page A01 http://www.washingtonpost.com/wp-dyn/content/article/2009/03/18/AR2009031804210.html?wpisrc=newsletter&wpisrc=newsletter&wpisrc=newsletter

AIG chief urges staff to return bonuses By Tom Braithwaite and Andrew Ward in Washington and Saskia Scholtes in New York. Copyright The Financial Times Limited 2009. Published: March 18 2009 15:39 | Last updated: March 19 2009 00:09 http://www.ft.com/cms/s/0/ca794ce4-13ce-11de-9e32-0000779fd2ac.html

International Herald Tribune Editorial: The gift that keeps on giving. Copyright by The International Herald Tribune. Published: March 17, 2009. After four bailouts totaling some $170 billion, the American International Group has finally answered some of the questions about where the money went. Unfortunately, the answers have only succeeded in raising many more questions. http://www.iht.com/articles/2009/03/17/opinion/edaig.php

Financial Times Editorial Comment: Rage at AIG bonus pay-out is no excuse. Copyright The Financial Times Limited 2009. Published: March 20 2009 20:22 | Last updated: March 20 2009 20:22. Politicians acting in haste rarely act wisely, least of all when guided by rage. In response to outrage over retention bonuses paid to employees of AIG – the failed insurer, now mostly owned by the government, which has received tens of billions in public support – the US House of Representatives rushed to pass a punitive tax aiming to claw the bonuses back. It would apply to all groups receiving help under the government’s financial stability plan, not just AIG. A similar measure is before the Senate. http://www.ft.com/cms/s/0/22366be8-157c-11de-b9a9-0000779fd2ac.html

Senators push for bonus clawback By Tom Braithwaite and Andrew Ward in Washington. Copyright The Financial Times Limited 2009. Published: March 20 2009 18:16 | Last updated: March 20 2009 23:28 http://www.ft.com/cms/s/0/bdbc541c-157a-11de-b9a9-0000779fd2ac.html

Congress seeks to claw back AIG bonuses By Andrew Ward in Washington. Copyright The Financial Times Limited 2009. Published: March 17 2009 18:57 | Last updated: March 17 2009 19:48 http://www.ft.com/cms/s/0/9600d072-1315-11de-a170-0000779fd2ac.html

Obama urges action to stop AIG bonuses By Alan Beattie in Washington and Julie MacIntosh in New York. Copyright The Financial Times Limited 2009. Published: March 15 2009 19:04 | Last updated: March 16 2009 16:41 http://www.ft.com/cms/s/0/31bafc52-1192-11de-87b1-0000779fd2ac.html

New York Times Editorial: Following the A.I.G. Money. Copyright by The New York Times. Published: March 14, 2009. The bailouts of American International Group are also rescues of its trading partners — banks and other financial firms — that would have lost out if the insurer had been allowed to fail. But even after four bailouts between last September and this March, no one knows with certainty who those partners are or how much of the bailout money, now totaling $160 billion, has gone to make them whole. http://www.nytimes.com/2009/03/15/opinion/15sun1.html?ref=opinion

At A.I.G., Good Luck Following the Money By GRETCHEN MORGENSON. Copyright by The New York Times. Published: March 14, 2009. WE return this week to the subject of the American International Group, the giant insurer that has received $170 billion in taxpayer guarantees, because the clamor over its rescue continues to grow. Of concern to those on both Capitol Hill and Main Street is the secrecy surrounding the $50 billion funneled to A.I.G.’s counterparties since it nearly collapsed last fall. http://www.nytimes.com/2009/03/15/business/15gret.html?hp

A.I.G. Paying $165 Million in Bonuses After Federal Bailout By EDMUND L. ANDREWS and PETER BAKER. Copyright by The New York Times. Published: March 15, 2009 http://www.nytimes.com/2009/03/16/business/16aig.html?_r=1&hp




Housing

Fed action sends mortgage rates below 5% By Mary Ellen Podmolik. Copyright © 2009, Chicago Tribune. 11:31 AM CDT, March 19, 2009 http://www.chicagotribune.com/business/chi-mortgage-rates-mar19,0,6706728.story



Commodities

Renewed strength of euro threatens economy By Matthew Saltmarsh. Copyright by The International Herald Tribune. Published: March 20, 2009. PARIS: After a brief respite, the euro is gaining strongly against the currencies of its main trading partners, further threatening the Continent's wilting economy. That is adding to pressure on the European Central Bank to enact radical steps similar to those that are weakening the dollar, the pound and the Swiss franc. http://www.iht.com/articles/2009/03/20/business/euro.php

Financial Times Editorial Comment: Mount Midas. Copyright The Financial Times Limited 2009. Published: March 20 2009 20:25 | Last updated: March 20 2009 20:25. This week, Norway edged past Switzerland in one important respect. The krone, according to analysts, has usurped the franc’s position as the ultimate safe haven. In fact, it was Switzerland’s to lose. The authorities’ overt move to pull down the value of the franc marks a break with a granite-hard past. http://www.ft.com/cms/s/0/eb44c59e-1580-11de-b9a9-0000779fd2ac.html



GLBT

Washington Post Editorial: Separation Anxiety - Gay couples should be allowed to stay together in the United States. Copyright by The Washington Post. Monday, March 16, 2009; Page A16. THE UNITING American Families Act would allow gay and lesbian Americans and permanent residents to sponsor their foreign-born partners for legal residency in the United States. The bill, introduced last month in the Senate by Patrick Leahy (D-Vt.) and in the House by Jerrold Nadler (D-N.Y.), would add "permanent partner" and "permanent partnership" after the words "spouse" and "marriage" in relevant sections of the Immigration and Nationality Act. If passed, it would right a gross unfairness. http://www.washingtonpost.com/wp-dyn/content/article/2009/03/15/AR2009031501669.html

Officials: Obama administration to reverse Bush stance on gay rights at UN By MATTHEW LEE. Copyright 2009 Associated Press. 10:27 PM CDT, March 17, 2009 http://www.chicagotribune.com/news/politics/sns-ap-obama-gay-rights,0,6624124.story

Get off the fence on gay rights. Copyright by The Journal of Oak Park. 3/17/2009 10:00:00 PM. That state government has careened to a gear-grinding halt covers many sins even as its utter failures focus our minds on Springfield. Lost in the wreckage are ideas and ideals worth fighting for. http://newsletter91507.blogspot.com/2009/03/get-off-fence-on-gay-rights.html

What's the legal status of gay marriage efforts?. Copyright © 2009, Chicago Tribune. March 18, 2009. Here are some details on the debate over Proposition 8, which bans same-sex marriages in California, and on the current state of civil unions in Illinois: http://www.chicagotribune.com/news/local/chi-gay-marriage-qa-18-mar18,0,4886613.story

Gay marriage vs. democracy By Steve Chapman. Copyright © 2009, Chicago Tribune. March 8, 2009. Response to Steve Chapman By Carlos T Mock, MD March 7, 2009. Copyright by Carlos T Mock, MD http://iretiredfromnewsletters.blogspot.com/2009/03/gay-marriage-vs-democracy-by-steve.html

GLBT elders to voice needs By Amy Wooten. Copyright by The Chicago Free Press. March 18, 2009. Chicago’s GLBT seniors, a community often overlooked, will soon have an important opportunity to gain much-needed visibility. http://www.chicagofreepress.com/node/3275





Immigration

New York Times Editorial: Notes From the Immigration Battlefield By LAWRENCE DOWNES. Copyright by The New York Times. Published: March 18, 2009 http://www.nytimes.com/2009/03/19/opinion/19thu4.html?_r=1&ref=opinion

Financial Times Editorial Comment: Menaced migrants. Copyright The Financial Times Limited 2009. Published: March 18 2009 19:12 | Last updated: March 18 2009 19:12. The countries at the heart of the boom, such as the US, the UK and Spain, attracted not just capital but also people from around the globe. The good times ended abruptly – leaving governments with the challenge of managing people who came for jobs that were once plentiful but that locals are now desperate to secure. http://www.ft.com/cms/s/0/cc55b9a2-13ed-11de-9e32-0000779fd2ac.html

Australia cuts migrant intake © Reuters Limited. March 16, 2009. CANBERRA, March 16 - Australia will cut its intake of migrants for the first time in a decade, the government said on Monday, amid concern that skilled foreign workers could stoke resentment by taking jobs at a time of rising unemployment. http://www.ft.com/cms/s/0/3c388c6a-122f-11de-b816-0000779fd2ac.html






Medical

Going abroad to find affordable health care By Walecia Konrad. Copyright by The International Herald Tribune. Published: March 21, 2009. http://www.iht.com/articles/2009/03/21/healthscience/21patient.php

Comparison Shopping for Medicine - Obama's Stimulus Package Funds Research on Cutting Costs By Ceci Connolly. Copyright by The Washington Post. Tuesday, March 17, 2009; Page A02 http://www.washingtonpost.com/wp-dyn/content/article/2009/03/16/AR2009031602913.html?wpisrc=newsletter

Switch of focus in US war on drugs By Harvey Morris in New York. Copyright The Financial Times Limited 2009. Published: March 15 2009 21:59 | Last updated: March 15 2009 21:59. The US spends $1,400 a second in the war on drugs, according to a recent Harvard study, while the savings and revenue that could be generated by legalising narcotics would equal a 10th of President Barack Obama’s fiscal stimulus plan. http://www.ft.com/cms/s/0/e673c44c-1180-11de-87b1-0000779fd2ac.html

What politicians in the US won't tell you about the war on drugs By Carlos T Mock, MD. March 16, 2009. The unfortunate truth Americans can't deal with is despite tough anti-drug laws, a 2008 survey by The World Health Organization (WHO) shows the U.S. has the highest level of illegal drug use in the world. http://newsletter91507.blogspot.com/2009/03/what-politicians-in-us-wont-tell-you.html

International Herald Tribune Editorial: The prostate cancer muddle. Copyright by The International Herald Tribune. Published: March 20, 2009. Scientists have just published the findings of two large trials that were supposed to tell us for certain whether screening for prostate cancer is effective. The studies seem to undercut the value of screening, but they fall short of being definitive. http://www.iht.com/articles/2009/03/20/opinion/edprostate.php

Prostate Cancer Test Found to Save Few Lives By GINA KOLATA. Copyright by The New York Times. Published: March 18, 2009 http://www.nytimes.com/2009/03/19/health/19cancer.html?hp

Treatment for Peanut Allergies Shows Promise By TARA PARKER-POPE. Copyright by the New York Times. Published: March 15, 2009 http://www.nytimes.com/2009/03/16/health/16peanuts.html?hp

International Herald Tribune Editorial: The rules on stem cells. Copyright by the International Herald Tribune. Published: March 20, 2009. No sooner had President Obama lifted the Bush-era restrictions on financing embryonic stem cell research than critics began urging that any federal support be limited to work with stem cells derived from surplus embryos at fertility clinics. That would be a mistake. The guidelines should define the eligible research as broadly as possible to allow the greatest potential for advances. http://www.iht.com/articles/2009/03/20/opinion/edstems.php

International Herald Tribune Editorial: The pope on condoms and AIDS. Copyright by The International Herald Tribune Editorial: The pope on condoms and AIDS. Published: March 18, 2009. Pope Benedict XVI has every right to express his opposition to the use of condoms on moral grounds, in accordance with the official stance of the Roman Catholic Church. But he deserves no credence when he distorts scientific findings about the value of condoms in slowing the spread of the AIDS virus. http://www.iht.com/articles/2009/03/18/opinion/edpope.php

Washington Post Editorial: Condom Sense - Pope Benedict XVI is wrong. Copyright by The Washington Post. Thursday, March 19, 2009; Page A14 http://www.washingtonpost.com/wp-dyn/content/article/2009/03/18/AR2009031803136.html

On Africa trip, pope says condoms won't solve AIDS - Benedict makes first explicit statement on divisive issue By Victor L. Simpson. Copyright 2009 Associated Press. 11:56 AM CDT, March 17, 2009. http://www.chicagotribune.com/news/nationworld/bal-pope-africa0317,0,7421872.story

Editorial comment: We know the pope hates Jews, Muslims, and now we learn he's also racist. Telling Africans to stay away from condoms is like telling a child to use gasoline to put out a fire. Somebody ought to impeach this Nazi clown! CTM






Other

Natasha Richardson, Actress, Dies at 45 By BRUCE WEBER. Copyright by The New York Times. Published: March 18, 2009. http://www.nytimes.com/2009/03/19/theater/19richardson.html?_r=1&hp






New! Carlos now has an online store. Order your books directly from Carlos and have them signed and dedicated.http://www.carlostmock.com/catalog/



In Pride (orgullo),


Carlos T. Mock, MD
www.carlostmock.com  
Author: Borrowing Time: A Latino Sexual Odyssey - Floricanto Press 2003.
Nominated for a Stonewall Award by the American Library Association GLBT
Round Table.
Author: The Mosaic Virus – Floricanto Press 2007.  Nominated for a Stonewall Award by the American Library Association GLBT Round Table, and a Lammie from The Lambda Literary Foundation
Author: Author: Papi Chulo – Floricanto Press 2007.  Nominated for a Stonewall Award by the American Library Association GLBT Round Table, and a Lammie from The Lambda Literary Foundation

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