Friday, April 19, 2013

That's the news

Advisers’ Senior Credentials Rules Urged by U.S. Consumer Bureau

State regulators may want to establish minimum standards for acquiring a senior designation and codes of conduct for those who hold them, the CFPB said in the report.
 Yeah, we need more of the nanny state.  Unfortunately, this kind of regulation ends up costing the people it is meant to protect, and likely will result in lower returns since advisers will only recommend safe investments for seniors to avoid litigation.  It's unfortunate that people who commit fraud end up controlling the whole regulatory environment.  The end result is that it will hurt the very same people that the fraudsters are trying to take advantage of.

The Sweetheart Deal Toyota Got To Build An American Lexus

All I have to say about this is that it's somewhat of an embarrassment that the big news is foreign companies are investing in American production, while companies like Apple won't even bring their cash back to the U.S. in order to avoid taxes.

Germany, IMF used atomic bomb to shoot pigeon, says Cyprus negotiator
Cyprus, which had modelled itself as an offshore financial services centre for lack of any other resources, now faces a grim future with its reputation in tatters and its economy deep in recession.
Not only that, Cyprus will likely find it difficult to offer financial services to seniors here in the U.S.

Antibiotic-Resistant 'Superbugs' Creep Into Food

Those who promote antibiotic use in food animals argue that keep consumers safe.
Here we go again with the "keeping consumers safe" angle.  Safe from what?  Safety depends on your perspective, I think.  Not just in this case of food safety, but also investing.  The first linked article above will result in seniors being invested in financial products that offer low returns.  Things like Treasuries, which are supposed to be relatively riskless, but in fact guarantee a return that is below the current rate of inflation.  This antibiotic story, points out another safety issue.  In an effort to "keep consumers safe," food producers use antibiotics, which are then consumed by humans, which then results in human immunity weaknesses, thus requiring more antibiotics in food animals, thus producing more antibiotic resistant strains... Well, you get the idea.  This sort of thing makes me wonder just how long our species will survive.  And I wonder just how long it will take humans to realize that we actually can't improve on nature; we can't win against nature; and we need to learn to live inside nature.

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