Lunchtime Links 9-11
MUST READ–Big food vs. big insurance (NYT)“What happens when the health insurance industry realizes that our system of farm subsidies makes junk food cheap, and fresh produce dear, and thus contributes to obesity and Type 2 diabetes? It will promptly get involved in the fight over the farm bill — which is to say, the industry will begin buying seats on those agriculture committees and demanding that the next bill be written with the interests of the public health more firmly in mind.”
Greenspan: Gold Rally signals move away from paper currencies (Bloomberg) Interesting that Greenspan is coming back to gold. Once upon a time he was a big fan. And yet he inflated the dollar with aplomb, creating rivers of dollar liquidity that inflated asset prices and put trillions into the hands of foreigners and their central banks. These dollars still represent claims on American production. Over time the result is likely to be higher inflation and/or more American assets falling into the hands of our biggest foreign creditors.
Wells Fargo exec uses house surrendered to bank by Madoff victims (LA Times) Not great PR for Wells…
Flashback: Democrats boo Bush at 2005 State of the Union (RealClearPolitics) It’s funny to me, how Democrats are hyperventilating about Rep. Joe Wilson’s outburst at Obama’s speech. Compare that outburst by a single Republican to the chorus of boos at Bush’s 2005 State of the Union. I don’t see a problem with either outburst, really. I’ve always wondered why decorum is so highly prized at presidential addresses in the first place. The office deserves respect, sure. But not too much. Maybe we should take a page from the Brits playbook … subject our guy to questions.
Controversial sprinter is a hermaphrodite (Guardian, ht ES)
VIDEO: Priests crack coconuts on devotees’ heads (National Geographic) After the two minute mark, there’s an explanation for where this painful ritual came from…
Volcano erupting from space (gizmodo)