Monday, November 28, 2011

Egyptian Election, Fed's Secret Bank Bailouts, and Stem Cell Windpipes (Link Round-Up 11/29/11)

[via Reddit]

Whoever wins the Egyptian elections faces economic disaster
In a trenchant posting last week, financial analyst David P. Goldman (Spengler) reported that Egypt’s stock exchange fell 11 percent in the first three days of the week and that the Egyptian pound was on the verge of collapse. Residents and foreigners were dumping the Egyptian pound and buying dollars and Euros -- yes, even Euros. It was becoming impossible to transport bank notes across the country, he noted, quoting Al Ahram, Egypt’s largest state-owned Arabic newspaper, as mobs of Egyptians were attacking the armed cars that try to transport them to branches of Cairo banks.  
First artificial windpipe made with stem cells
The artificial trachea was custom-made using three-dimensional imaging. First, a glass model was built to help shape an artificial scaffold. Stem cells were then inserted into the scaffold to create a functioning airway, the authors explained in a journal news release. 
The scientists said their technique is an improvement over other methods because they used the patient's own cells to create the airway so there is no risk of rejection and the patient does not have to take immunosuppressive drugs.
Record numbers of Japanese young people are single
The latest found that 61% of unmarried men aged 18 to 34 have no girlfriend, and half of women the same age have no boyfriend - a record high. 
More than a quarter of the men and 23% of the women said they were not even looking. 
Some cited a shortage of money, others a belief that it is impossible to find a good partner once they had passed the age of 25.
Fed secretly loaned $13 billion to banks in bailout money
The Fed didn’t tell anyone which banks were in trouble so deep they required a combined $1.2 trillion on Dec. 5, 2008, their single neediest day. Bankers didn’t mention that they took tens of billions of dollars in emergency loans at the same time they were assuring investors their firms were healthy. And no one calculated until now that banks reaped an estimated $13 billion of income by taking advantage of the Fed’s below-market rates, Bloomberg Markets magazine reports in its January issue.
From "Made In China" to "Brands From China"
The Chinese, he points out, are an innovative, with strong salesman-like instincts. Switching from assembling to a creating, from an engineering mindset to inventing, will inspire Chinese brands to export. Chinese aesthetics travel well, and cultural values, if not the political, are becoming universal.
UN Says Libyan ex-rebels are still detaining 7,000 prisoners
The detainees are being held without access to legal process because the police and courts are not functioning, and some may have been tortured.

Many are sub-Saharan Africans suspected of being mercenaries hired by the Gaddafi regime.
More food, more child malnutrition in India? 
To address malnutrition, he called for greater coordination in areas ranging from health and sanitation, to agriculture, to women’s status.

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