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Here is the latest conversation I had with money manager Andrew Horowitz…. new insights for anyone who invests in anything.
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Har! Probably the closest most liberals will ever get to a firearm, but at least I agree with the choice of targets. Can you say Sean of the Dead?
LONDON (Reuters) – Europeans are plagued by mental and neurological illnesses, with almost 165 million people or 38 percent of the population suffering each year from a brain disorder such as depression, anxiety, insomnia or dementia, according to a large new study.
With only about a third of cases receiving the therapy or medication needed, mental illnesses cause a huge economic and social burden — measured in the hundreds of billions of euros — as sufferers become too unwell to work and personal relationships break down.
“Mental disorders have become Europe’s largest health challenge of the 21st century,” the study’s authors said.
At the same time, some big drug companies are backing away from investment in research on how the brain works and affects behavior, putting the onus on governments and health charities to stump up funding for neuroscience.
“The immense treatment gap … for mental disorders has to be closed,” said Hans Ulrich Wittchen, director of the institute of clinical psychology and psychotherapy at Germany’s Dresden University and the lead investigator on the European study.
Must be time for a new vaccine.
Ireland stepped up its battle with the Roman Catholic Church over child abuse Sunday, with Justice Minister Alan Shatter vowing to pass a law requiring priests to report suspicions of child abuse, even if they learn about them in confession.
The Catholic Church regards information learned in confession as completely confidential. But under the law proposed by Shatter, priests could be prosecuted for failing to tell the police about crimes disclosed in the confession box.
Shatter said in a statement through a spokesman last week that priests’ failure to report what they learn in confession “has led sexual predators into believing that they have impunity and facilitated pedophiles preying on children and destroying their lives.”
The minister’s comment to a local radio station Sunday comes after the Vatican rejected Irish accusations that church leaders sought to cover up extensive abuse of young people by priests in Ireland…
Released July 13, the 421-page report into the handling of abuses in the diocese of Cloyne demolished claims by the Catholic Church in Ireland that policies it put in place in 1996 had enabled it to get a handle on the problem.
It also accused Bishop John Magee, who was responsible for policing abuse in his diocese, of not backing the policies himself and failing to take action against abusers.
Overdue.
Plane: Heinkel He 162 A-2. Flight simulator: Wings of Prey.
And speaking of video games, if you live in Germany, rejoice because you can finally play Doom!
Found by Brother Uncle Don
SAN FRANCISCO (AP) — Food enthusiasts have been enrolling in culinary school in growing numbers, lured by dreams of working as gourmet chefs or opening their own restaurants. For many graduates, however, those dreams have turned into financial nightmares, as they struggle to pay off hefty student loans and find work in a cutthroat industry known for its long hours and low pay.
Now, some former students are suing for-profit cooking schools to get their money back, saying they were misled by recruiters about the value of culinary education and their job prospects after graduation.
“They just oversold it and pushed it. They made misleading statements to lure you in,” said Emily Journey, 26, a plaintiff in a class-action lawsuit against San Francisco’s California Culinary Academy, part of Career Education Corp.’s chain of 16 Le Cordon Bleu cooking schools. In 2004, Journey was a recent high school graduate, dreaming of opening her own bakery, when she enrolled in a 7-month program in pastry and baking arts at the San Francisco school. Recruiters convinced her it was a worthwhile investment and helped her borrow $30,000 to pay for it.
After finishing the program, the only job she could find paid $8 an hour to work the night shift at an Oregon bakery — “something anyone could have gotten without a culinary certificate,” she said.
Journey, who now lives in Bakersfield, has abandoned her baker’s dream and now plans to attend community college to become a nurse or dietitian. Without the settlement money, she will be paying for that culinary certificate for another 15 years. “Was it worth the money and the time to have this loan hanging over my head?” she asked. “Absolutely not.”
Two other Le Cordon Bleu schools — the California School of Culinary Arts in Pasadena and the Western Culinary Institute in Portland — also face lawsuits from former students who say they were duped by deceptive advertising, particularly the schools’ job placement rates.
I guess the saying “you get what you pay for” doesn’t apply here.
Just go ahead and cave, you wouldn’t want your kid to grow up “different” would you?
Clickin’ will embiggen
The United States Postal Service has long lived on the financial edge, but it has never been as close to the precipice as it is today: the agency is so low on cash that it will not be able to make a $5.5 billion payment due this month and may have to shut down entirely this winter unless Congress takes emergency action to stabilize its finances. “Our situation is extremely serious,” the postmaster general, Patrick R. Donahoe, said in an interview. “If Congress doesn’t act, we will default.”
In recent weeks, Mr. Donahoe has been pushing a series of painful cost-cutting measures to erase the agency’s deficit, which will reach $9.2 billion this fiscal year. They include eliminating Saturday mail delivery, closing up to 3,700 postal locations and laying off 120,000 workers, nearly one-fifth of the agency’s work force. The post office’s problems stem from one hard reality: it is getting squeezed on both revenue and costs.
As any computer user knows, the Internet revolution has led to people and businesses sending far less conventional mail.
At the same time, decades of contractual promises made to unionized workers, including no-layoff clauses, are increasing the post office’s costs. Labor represents 80 percent of the agency’s expenses, compared with 53 percent at United Parcel Service and 32 percent at FedEx, its two biggest private competitors. Postal workers also receive more generous health benefits than most other federal employees. Missing the $5.5 billion payment due on Sept. 30, intended to finance retirees’ future health care, won’t cause immediate disaster. But sometime early next year, the agency will run out of money to pay its employees and gas up its trucks, officials warn, forcing it to stop delivering the roughly three billion pieces of mail it handles weekly.
Fed Ex is horrible and UPS mercilessly beats their drivers*. I’ve always thought that USPS has done a good job…at least until recently. That said..where will we get the money to bail them out? Maybe..we need to rob a bank or two.
*sarcasm – (I don’t think I’ve ever seen a UPS driver that wasn’t busting his butt.)
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I remember reading Kafka when I was young and naive, thinking things could never get like that here.
Artis said that after buying his dinner at the Armadillo Grill, he “quietly began to eat his taco, waiting for the bus,” when [officer] Rollins “approached Artis on foot … and asked if a beer was his.”
“Artis leaned forward and saw what appeared to be a discarded can of beer that had been concealed from his view” by a newspaper rack. He says he told Rollins, “‘Why, Officer, if that beer were mine, I would be enjoying it with my meal.'” And he resumed eating his taco.
He says Rollins asked him for ID, then “Without either warning or being told he was under arrest, Rollins grabbed Artis by his still taco-laden arm, and spun Artis around with great force, which pivoted Artis on his left leg and sent the hapless taco flying.”
[…]
“All of Artis’ weight was still on his left leg from being spun by Rollins, and Artis felt and heard his lower left leg sicken[ing]ly crack when Rollins swept-kicked him.”Artis adds that he “was not in possession of a deadly weapon; he was, however, in legal and actual possession of a taco, which Artis did not wield in any threatening manner.”
And that was only the start of his insane journey through our fine justice system. RTFA to see what happens next.
Kinda creepy.
This story must be bogus since we all know that the science is in and every known scientist agrees that man’s activities causes global warming. Nobody has ever disagreed with this. Nobody, ever. Besides, the fix is in.
In this chamber, 63 CERN scientists from 17 European and American institutes have done what global warming doomsayers said could never be done — demonstrate that cosmic rays promote the formation of molecules that in Earth’s atmosphere can grow and seed clouds, the cloudier and thus cooler it will be. Because the sun’s magnetic field controls how many cosmic rays reach Earth’s atmosphere (the stronger the sun’s magnetic field, the more it shields Earth from incoming cosmic rays from space), the sun determines the temperature on Earth.
The hypothesis that cosmic rays and the sun hold the key to the global warming debate has been Enemy No. 1 to the global warming establishment ever since it was first proposed by two scientists from the Danish Space Research Institute, at a 1996 scientific conference in the U.K. Within one day, the chairman of the Intergovernmental Panel on Climate Change, Bert Bolin, denounced the theory, saying, “I find the move from this pair scientifically extremely naive and irresponsible.”
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