Honey is now an FDA approved antibiotic

From MSNBC….

TRENTON, New Jersey – Amid growing concern over drug-resistant superbugs and nonhealing wounds that endanger diabetes patients, nature’s original antibiotic — honey — is making a comeback.

More than 4,000 years after Egyptians began applying honey to wounds, Derma Sciences Inc., a New Jersey company that makes medicated and other advanced wound care products, began selling the first honey-based dressing this fall after it was approved by the U.S. Food and Drug Administration.

Follow the link if you want to know more.

Benazir Bhutto has been killed

This from The Canadian Press…

Pakistani opposition leader Benazir Bhutto was assassinated Thursday by an attacker who shot her after a campaign rally and then blew himself up. Her death stoked new chaos across the nuclear-armed nation, an important ally for the West in the war on terrorism.

Al Qaeda has taken credit but some people speculate that they had help from the Army.

Here is a you tube clip…..

I don’t know that this will have much long term impact on Pakistan, but you never know. Some people have more effect on history with their death then with their life.

The Belmont Club has some thoughts.

Economic links to make you sick

From Naked Capitalism…

The latest policy is a regulatory change by the Equal Employment Opportunity Commission that says employers can reduce benefits when retirees reach age 65 and become eligible for Social Security and Medicare.

Another instance of the Bush Administration, while having come into office claiming to be a compassionate conservative and anti-large-scale government, being anything but that. This allows corporations to shift their obligations on to taxpayers, and will make it politically more difficult to implement changes in Medicare and Social Security.

From Calculated Risk….

According to the Fed, the discount rate spread is 145 bps. This graph was released this morning.

From The Age….

The depth of the housing crisis was underscored by the head of one of America’s largest banks, Bank of America, the straight-speaking Kenneth Lewis, who warned of a completely new attitude by Americans to their homes amid fears that as many as 20 million householders may “walk” from them, further deepening the crisis.

Lewis’ comments came as a new expression – “jingle mail” – referring to the growing trend where Americans mail the keys to their homes to the lenders before vacating, entered the US lexicon. Figures for November revealed more than 200,000 US homes were foreclosed, a 68% increase on November 2006.

Russia is in terminal decline.

Don’t be fooled by Russia apparent recent resurgence. In reality, the nation has no where to go but down. Consider how India and China are kicking Russia around. This from Strategy Page….

India and China are both playing rough with their largest arms supplier; Russia. China and India both have price disputes with Russia, and India is also upset that Russia is supplying China with RD93 jet engines for Chinese made fighters that are being sold to Pakistan. Both China and Russia are threatening to halt purchases if Russia does not back off on attempts to raise prices on contracts that have already been agreed to. China is playing a weak position here, because of a Western embargo on arms sales to China (because of China being a sometimes brutal police state and behaving badly by selling weapons to all manner of nasty people). India is in a stronger position, and is buying more and more weapons from Western suppliers. Currently, India is in the market for 126 top-line fighters. India has told Russia that if those RD93 equipped Chinese fighters keep going to Pakistan, Russia can forget about its chances of winning the competition (worth over $6 billion) for the 126 fighters.

How did it get to this?

Read the rest of the article.

There is no such thing as private property in America

This is insane….

Finally, on Oct. 1, a letter arrived. It was from Glendale’s Neighborhood Services administrator.

“Dear Owner,” it began. “The city of Glendale is committed to maintaining a community with quality streetscapes that include the care and well-being of protected indigenous trees.”

The letter informed them they had improperly pruned 13 trees, some of them on city property because they were near the street, and some on their own property. The fine was listed on Page 2, where the Collards were informed they would be charged “two times the value of the damaged tree(s).”

“Total: $347,600.”

“I about passed out,” says Ann.

She’d been worried they might get fined as much as, say, $3,000.

Read the whole story. Hat tip: On the level.