Why a Greek Default Could be Worse Than the Lehman Collapse - Money Morning

BY MARTIN HUTCHINSON, Contributing Editor, Money Morning
The 2008 collapse of Lehman Bros Holdings Inc. (PINK: LEHMQ) ignited a financial meltdown that resulted in widespread bank failures and caused the Dow Jones Industrial Average to lose 18% of its value in just one week.

Yet a Greek default - which (even with a bailout) becomes increasingly likely with each passing day - would actually be much, much worse in many respects.

Sure, it's possible that European Union (EU) taxpayers will soon be dragooned into yet another rescue plan. But that would only delay the inevitable - a catastrophic collapse that will drudge up feelings of panic we haven't witnessed since the global financial crisis hit its apex nearly three years ago."

.

email: info@als-alexander.org or interalex2@gmail.com

EXPERT PANEL: Cell Phones Might Cause Brain Cancer, Jun 02, 2011

May 31, 2011 -- The expert panel that evaluates cancer risks today said that cell phones might possibly cause brain cancer.
The announcement comes from the International Agency for Research on Cancer (IARC). Like the World Health Organization, the American Cancer Society relies on IARC for evaluation of cancer risks.
'After reviewing all the evidence available, the IARC working group classified radiofrequency electromagnetic fields as possibly carcinogenic to humans,' panel chairman Jonathan Samet, MD, chair of preventive medicine at the USC Keck School of Medicine, said at a news teleconference. 'We reached this conclusion based on a review of human evidence showing increased risk of glioma, a malignant type of brain cancer, in association with wireless phone use.'"

Related articles

• Cell Phones to Be "Possibly Carcinogenic," Experts Say (fitsugar.com)
• Cell phone use 'possibly carcinogenic to humans', say WHO (beinghealthyhomeandaway.blogspot.com)
• Are mobile phones safe for children? (news.bbc.co.uk)
• How normal cells turn into brain Cancers ? (biowaves.wordpress.com)
• How normal cells become brain cancers (eurekalert.org)
• More muddy water on cell phone use, kids' brain cancer risk (ac360.blogs.cnn.com)
• Top 6 Cell Phone Myths (mycricket.com)
• Study: Cell Phones Don't Raise Brain Cancer Risk in Kids (webmd.com)
• Treating Glioblastoma and Brain Cancer with Cancer Vaccines (dogfyi.com)
• Study: Cell phones don't increase brain tumor risk in kids (news.cnet.com)

George Brown's Google Sniper 2.0

email: info@als-alexander.org or interalex2@gmail.com

China's Economy Continues to Ascend – But Watch Out for Speed Bumps - Money Morning

"BY JASON SIMPKINS, Managing Editor, Money Morning
Everyone knows that China's economy is hot. The only question is whether it may be a little too hot.

China posted yet another quarter of stellar economic growth in the first quarter of 2011, with its gross domestic product (GDP) growing 9.7%. However, analysts are worried about some of the side effects that have accompanied that growth- namely soaring inflation and the emergence of speculative bubbles.

Inflation in China hit a 32-month high in March, and the country's real estate market is beyond scorching.

Policymakers in Beijing insist they have the situation under control, and they've been trying to rein in liquidity and curb speculation to prove it. That's why China's economy, accustomed to double-digit growth, is only expected to grow 8% to 9% this year."

.

email: info@als-alexander.org or interalex2@gmail.com

U.S. Dollar Rebound: Inflection Point Turns The Dollar Into A Winner - Money Morning

"BY JACK BARNES, Contributing Writer, Money Morning
For most of the past year, anything involving the U.S. dollar has been what traders like to refer to as a 'one-way trade.'

And with good reason: Over the past year, the U.S. currency has traded in only one direction - down.

Indeed, during the period in question the dollar is down 8.3% against the British pound, 11.65% against the European euro and 14.2% against the Japanese yen. On a year-over-year basis, the biggest gains against the dollar have been notched by the Australian dollar (20%) and the Swiss franc (26.7%). This freefall by the greenback is part of the reason that gold and silver soared to new records and commodity prices have zoomed during the past year."
.

email: info@als-alexander.org or interalex2@gmail.com

The "Pesofication" of the U.S. Dollar - Money Morning

"BY MARTIN HUTCHINSON, Contributing Editor, Money Morning
I've dubbed this the 'pesofication' of the U.S. dollar.

But we're really talking here about the dollar's long-term demise.

The pesofication of the dollar represents the end of the greenback as a major world currency and figures to be one of the major long-term challenges that we U.S. investors will face.

The dollar's demise was set in motion several years ago. But the greenback's fate was sealed in late April, when U.S. Federal Reserve policymakers had a final chance to take a stand against inflation - and failed to do so."

.

email: info@als-alexander.org or interalex2@gmail.com