War by Any Other Name

Though not one bullet has been fired...yet.

LONDON (AP) — The harsh spending cuts introduced by European governments to tackle their crippling debt problems have not only pitched the region into recession — they are also being partly blamed for outbreaks of diseases not normally seen in Europe and a spike in suicides, according to new research.
McKee said Greece in particular was struggling. Based on government data, he and colleagues found suicides rose by 40 percent in 2011 compared to the previous year. Last year, the country also reported an exponential rise in the number of HIV cases among drug users, due in part to addicts sharing contaminated syringes after needle exchange programs were dropped.
In recent years, Greece has also battled outbreaks of malaria, West Nile virus and dengue fever.
‘‘These are not diseases we would normally expect to see in Europe,’’ said Willem de Jonge, general director of Medecins Sans Frontieres in Greece.
In 2011, MSF helped Greece tackle a malaria outbreak that broke out after authorities scrapped spraying programs to kill mosquitoes.


Mr. Bernanke's Neighborhood

Bernanke speaking on his Quantitative easing experiment: “Moreover, because stronger growth in each economy confers beneficial spillovers to trading partners, these policies are not “beggar-thy-neighbor” but rather are positive-sum, “enrich-thy-neighbor

During the first two years of Bernanke's Quantitative easing, the top 1% captured 121% of all income gains. 

Low Demand Equals Higher Prices

U.S. oil demand in February fell to the lowest level for the month in 20 years as gasoline rose to the highest price for the time of year, the American Petroleum Institute reported.