Word: feds
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While Stewart's George Bailey had to make do with his powers of persuasion and his honeymoon fund to save the Bailey Building and Loan, Bernanke has the full faith and credit of the U.S. government behind him. The Fed can effectively print U.S. dollars at will. It can even, as Bernanke famously suggested in 2002, drop them out of helicopters, if that's what it takes...
...Fed failed its first big test--the bank runs of the early 1930s, which it allowed to snowball into the Great Depression. After that, tight domestic regulations and global exchange-rate controls kept financial-market panics at bay for decades, essentially by keeping markets themselves at bay. But when the exchange controls and bank regs proved too inflexible in the 1970s, markets made a comeback...
...refreshing and indeed surprising to read Andrew Lee Butters' report "A sort of Peace in Gaza." For far too long, we in the Western world have been fed a one-sided view of the Israeli-Palestinian conflict, in which Israel is portrayed as the victim of Palestinian obstinacy and aggression without any questioning why Palestinians are so aggrieved. Those who cared to look beyond the rhetoric of U.S. and Israeli policy and familiarize themselves with the appalling injustice that has befallen the Palestinian people over the past 60 years could not fail to sympathize with their struggle for justice, freedom...
Finding a substance that increases beta cells, says Karsenty, "is a holy grail for diabetes research. If what's true for mice proves true for humans, "then we have inside us a hormone that does precisely this." In mice that are programmed to overeat and mice that are fed fatty diets, high levels of osteocalcin prevented both obesity and diabetes. Karsenty is now examining whether giving diabetic mice osteocalcin will reverse the disease...
...calorie foods that are packed with fat and carbohydrates, the crucial biological fuel that rapidly growing juveniles need. Using classic Pavlovian conditioning techniques, Pierce trained his rats to associate low-calorie foods with a "diet" taste, and high-calorie foods with a different taste. So, when the rats were fed a high-calorie food that had been flavored with the diet taste, their brains assumed that their bodies were running low on calories. These animals then overate at their next meal in an effort to refuel and make up for the lost energy. "Animals have the ability to sense...