Bloomberg: Faber Sees ‘Gigantic’ Asset Bubble, Slowing Growth

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In The News – January 10th, 2014

Ufogel: I want to vacation here, and then maybe build one somewhere in Washington state.


RealClearMarkets: Sorry, Monetary Policy Is Not a Friend Of the Common Man (Fri 1/10/2014)
ZeroHedge: People Not In Labor Force Soar To Record 91.8 Million; Participation Rate
Plunges To 1978 Levels (Fri 1/10/2014)
The Verge: Most US Congress members are now millionaires  (Fri 1/10/2014)
Washington Times: YELP critics must be identified, court rules in online landscape altering decision (Wed 1/8/2014)
USA Today: Voluntary government checkpoints spark backlash (Tue 1/7/2014)

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Filed under Consumer, Politics, Zeitgeist

CNBC: EU Set For More Cyprus-Style Bail-Ins For Troubled Banks

Despite EU finance ministers failing to reach a banking deal, Jeroen Dijsselbloem, President of the Eurogroup, explains why he still thought the meeting was a success.European finance ministers have reached the basis of an agreement to wind down failing banks and share the costs, Eurogroup President Jeroen Dijsselbloem told CNBC following a 16-hour marathon negotiating session in Brussels.

The agreement is expected to begin with a Cyprus-style “bail-in” process in which major depositors in failing banks are tapped first in an effort to support the lender. (emphasis mine)

CNBC: EU set for more Cyprus-style bail-ins for troubled banks (2013-12-11)

Related Article

ZeroHedge: Part 6 – How Likely Are Bail-Ins? Bank of England Says U.S. “Could Do Today” (2013-12-11)

Unrelated Article

ZeroHedge: Fidelity Now Allowing Bitcoins In IRAs (2013-12-11)

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Filed under Consumer, Economics, Zeitgeist

News & Dance of the Knights

Reuters: Putin dissolves state news agency, tightens grip on Russia media (12/9/2013)

Sergei Ivanov, the head of the presidential administration, told reporters that the changes were intended to save money and improve the state media.
But the new organization has strong similarities to APN, a Soviet-era news agency whose role included writing articles about “the social-economic and cultural life of the Soviet people and items reflecting Soviet society’s point of view on important internal and international events”.

The Independent: Exercise most effective lifestyle choice for preventing dementia, researchers say (12/9/2013)

The 35-year investigation, carried out by researchers at Cardiff University, found that consistently following just four out of five key behaviours could reduce dementia risk by 60 per cent, while also cutting the chance of heart disease and stroke by 70 per cent.
Of the five behaviours – exercise, not smoking, having a low bodyweight, a healthy diet and low alcohol intake – exercise was found to be the most effective at improving long-term physical and mental health.

Submitted, for your enjoyment, the London Symphony Orchestra (conducted by Valery Gergiev) playing Dance of the Knights from Prokofiev’s Romeo & Juliet.

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Gender Differences in Causes of Years Life Lost

So ZeroHedge linked me over to the Institute for Health Metrics & Evaluation (which is run by the University of Washington). I explored their tool that allows users to visualize causes of years of life lost. There were some interesting differences between men and women:

  1. Intimate partner violence is the 7th leading cause of years lost for women
  2. For women, dietary risks outweigh (forgive the pun) alcohol use as leading cause
  3. Men still have predominant share of occupational health risks
  4. Men seem to prefer drug use to smoking, which is opposite for women

Percent Years of Life Lost: United States, Female, Age 15-49


Percent Years of Life Lost: United States, Male, Age 15-49


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