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More than 19 million lbs. of antibiotics are fed to cattle, pigs and chickens each year as they amble toward the dinner table. At the same time, doctors treating meat-eating humans have seen a steady and alarming increase in infections resistant to these same antibiotics. Is there a link? Scientists and consumer activists long suspected that there was but were never able to prove...
...just wish that the Fed pays the same attention to ordinary working people as they do to the powerful folks on Wall Street," Wilson said...
...northern mists and bureaucratic permafrost. What's he doing in Havana? And why does he walk the streets sunk in gloom, a parody Russian, wearing that heavy overcoat? One question at a time: Havana because he's looking into the death of a colleague (the Cubans, fed up with Russians, want him to identify the body and scram--but no, Renko investigates); the sweltering coat because it is a last gift from his wife, dead of medical bungling in Moscow. The story is all amiable, well-told bosh, ending with an attempted military coup engineered (it's hard to explain...
...Greenspan is watching. Just as nearly everyone expected, the Fed passed on an interest-rate hike Tuesday; however, it did shift its "policy bias" from neutral to slightly worried. "While the FOMC [Federal Open Market Committee] did not take action today," the Fed said afterward, "the committee was concerned about the potential for a buildup of inflationary imbalances that could undermine the favorable performance of the economy." Though they couldn't have been surprised, stock marketeers did gulp a little, sending the Dow down 50 points or so after the afternoon announcement. By the end of trading...
Moved PermanentlyMoved PermanentlyFortune Investor DataThe overall outcome? Don't sweat it, folks. "Once they digest this news, the markets will go right back up," says TIME senior economics reporter Bernard Baumohl. "What they'll realize is that only once in recent memory did the Fed actually raise rates following a bias shift in that direction." Of course, this walk-on-water economy of ours hasn't given Greenspan cause to raise rates in quite a while either; the fear is that that could change. Baumohl says Greenspan, as always, will wait and see. "Those price numbers were just the whiff...