
The price of gas has been remarkable stable in my little corner of the world this week: it’s exactly the same as it was when I posted this image almost a week ago. But that doesn’t mean I haven’t been spending the week scared shitless. Well, not really... but kinda.
• A New York Times article dissected at Daily Kos suggests that avian flu is quickly mutating into a form easily transmissable by humans...
• Also at Kos, blogger redstar looks at recent economic news that suggests that a significant economic slowdown is beginning:
At this juncture, there are really only two likely scenarios - one bad, one very bad.The bad one is a recession, perhaps a deep one. Official inflows into USD are a leading indicator of this, in fact, the stagflation of the '70's and the recessions in the '80's were both preceded by this very thing.
The very bad one is the financial crisis the Volcker warns of which, if like the crisis precipitated by Nixon taking the US off the gold standard, may be tolerable, but all the same painful. Of course, back in Nixon's day, US exposure to foreign holdings of US assets wasn't quite what it is today, and even then, development of the Eurodollar market almost caused the US to lose control of its currency, something it is about to lose in the near future. ...
Either way, count on the job market to tighten, wages of average workers to languish even further, and inflation, especially at Wlamart and Target, to take a bigger and bigger bite out of your take-home, pre-heating bill pay.
• Genetically Altered Corn May Cause Diabetes is the headline at one diabetes site.
• And if the corn doesn’t kill us, our own unhealthy obsession with anything germ-ish may turn us all in John Travolta-esque bubble boys:
Gritty rats and mice living in sewers and farms seem to have healthier immune systems than their squeaky clean cousins that frolic in cushy antiseptic labs, two studies indicate. The lesson for humans: Clean living may make us sick.
• And it perhaps goes without saying that the megacorporations who created some of the mess we’re all in -- in that the-first-one’s-free-kid kinda of way -- will be doing everything they can to make sure we don’t learn the truth about the mess we’re in and how we might get out of it:
Just weeks before the release of a movie about the death of the electric car from the 1990s, the Smithsonian Institution has removed its EV1 electric sedan from display....The upcoming film "Who Killed the Electric Car?" questions why General Motors created the battery-powered vehicles and then crushed the program a few years later. The film opens June 30th.
GM happens to be one of the Smithsonian's biggest contributors. But museum and GM officials say that had nothing to do with the removal of the EV1 from display.
So fun to be us these days.
(Technorati tags: coming crisis, bankruptcy, economic meltdown, bird flu, genetically altered food, diabetes, germs, rats, electric car)




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