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Thursday, April 24th, 2008
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2008-04-24-08:25 - Ominous?
Work has been keeping me very busy which has limited my time to both read and post. As my "sample size" of the media falls I'm more prone to seeing patterns that aren't there. So I'm not actually worried, but having read these articles recently it is certainly tempting to predict doom and gloom.Falling U.S. home prices and a lack of available credit may result in foreclosures on 6.5 million loans by the end of 2012 ...
The foreclosures could put 12.7 percent of all residential borrowers out of their homes.
Rye flour stocks have been depleted in the United States, and by June or July there will be no more U.S. rye flour to purchase, said Lee Sanders, senior vice president for government relations and public affairs at the American Bakers Association. . . .Grain prices have been soaring worldwide while stocks have been dwindling, causing riots in some poor countries. . . . In the past the market has typically had a three-month surplus of wheat stocks to serve as a cushion against supply interruptions, but now the surplus is down to less than 27 days worth of wheat, Sanders said.
The two biggest U.S. warehouse retail chains are limiting how much rice customers can buy because of what Sam's Club, a division of Wal-Mart Stores Inc., called on Wednesday "recent supply and demand trends." . . . The move comes as U.S. rice futures hit a record high amid global food inflation, although one rice expert said the warehouse chains may be reacting less to any shortages than to stockpiling by restaurants and small stores. Anyhow I wish I wasn't so busy. I'd really like to say something about the whole Open Source Boob thing. But I'd like to have time to write real thoughts, not just cut and paste with 3 sentences of snark or commentary.
>>let me tell you this about that!
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2008-04-24-14:03 - Science Shorts
When I was a high school kid I had the not unusual fascination with magic and the occult. I scoured the libraries and book stores looking for the magic spell that would give me special powers. I never found them. Magic can't move objects at a distance, call lightning, or cast fireballs. Scientists on the other hand, have now learned how to call lightning using laser beams!
The US Defense Department announced the creation of the Armed Forces Institute of Regenerative Medicine which hopes to "harness stem cell research and technology in finding innovative ways to use a patient’s natural cellular structure to reconstruct new skin, muscles and tendons, and even ears, noses and fingers." They plan to spend $250 million on this over the next five years. That is slightly more than the US Defense Department spends on Iraq each day.
Scientist may have figured out the secret to growing plants on the moon. While water and air would still need to be shipped up from earth, adding certain bacteria to moon rocks appears make a good soil at least for marigolds.
>>let me tell you this about that!
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