It's true that debt and credit card transactions will be decimated due to large scale hacking, but the economy can still survive on something called cash. If you are serious about the issue I suggest using it sometime. As for accounts, most banks have duplicates archived and can rectify any damage to clients accounts, although they will end up eating losses. This issue is much less scary to all those save banks or now the government that backstops some of them.

It's a wonder why we followed Japan's QE self imposed destruction. Perhaps this will be us a few years further down the line. Beware those who manipulate the hand of economics too much, they only end up having reality slap them in the face as they watch their economy melt away. There is no economics in a socialist managed economy, it's only an illusion they keep around because it can't replace the concept of money with anything.

This report is as useless as the last decade of CBO estimates. They are not even interested at telling the truth or coming close to actuality. Rather it's a game to please their masters. A dog by any other name is still just a dog.

Nice graph at the bottom. The siren song of high times that have been playing year after year by institutional investment and brokerages that are selling is having the right effect just like it did with low quality home loan instruments the last downturn. When they avail themselves of enough holdings the beam comes down rather quickly and smacks their clients on the head. That day appears to be coming as early as next year.

It is possible the method of action or delivery system of Afrezza or something else tends to incite or inflame patients creating the risk of cancer rather than insulin itself. What is necessary is more studies or another drug or delivery system that doesn't have the same profile. Given the current tests and alternatives I would find it hard to recommend these until there is more conclusive evidence that there is not a risk. I would assume drug approval agencies like the FDA will tend to agree and require more trials.

Adam Smith was correct in pointing out the greatness of America at the time as well as the weakness of the British Empire that had given up manufacturing and production of goods and services in order to play taxation and money games. It is sad that America is now a prime example of a prior England and have given up its productive "wealth of nations" and now is saddled with corporate lawyers, taxes, and financial chicanery. Just like England at the time, it is profitable until it all collapses. The first sign of the collapse is when a county loses the primary benefit from owning the factors of production, that being innovation and invention tied to producing goods. China is fast approaching the US in patents and Asia is a patent powerhouse. This is mainly because the US has exported production due to over regulation and taxation at home as well as a growing need to keep inflation down due to its deficit ridden central government. By exporting production to lower cost areas it artificially stunts its inflation caused by government excess only by losing its factors of production leaving a vast hole in the economy. This is exacerbated due to the success it has made the machine. By getting the countries that supply goods to absorb increasing levels of debt which are devalued by its ever expanding government excesses it is able to continue this machine until America falls so far it will be impossible to recover. America would do well to learn about capitalism and the value of factors of production from Adam Smith. He is as pertinent today as he was before, just his argument for the US is now an argument against US excesses. And his argument for capitalism falls on the deaf ears of those who benefit monetarily from creating no goods or services to speak of. It's utterly shameful and will be the source of our decline as it was for England so many years ago.

One can hardly blame them. However, it is not so simple to make a rival product that can honestly compete with existing software save in a protected environment. In the end, if Chinese companies are forced to use inferior products or can't integrate with the rest of the world their companies will suffer and fall behind technologically. This is a very bad move for China unless they have the capability and depth to carry a product equal to those they are replacing. Sadly, Microsoft's OS code is so bad that it would be easy to replace it with anything just as good. In fact, the only reason they hold market share is not because of their OS but because of their control over the office suite. As for Google, it is possible to make an equally good search engine, however it will never be done in China due to their own government's restriction on information. If it hopes to compete it needs to become more open to information which seems like a no go for now. Good's search is getting horrible as it plumbs the depths of marketing at the cost of search.

Yay the US rallies as people flee Europe yet again. We know Europe is in bad straits, much worse than the US. How many times must this occur before it's priced in and the US becomes so over valued that even dumb money stays away? There is no fundamental domestic basis for the US to rally further and if Europe falls further the US will no longer be a safe haven for their problems.

The problem is as we move up out of the zombie economy, the economy must get off its zombie juice. This more than inflation is the real culprit to why we have not had any resilient growth yet and most likely will not. As is the housing market can't grow without artificially low rates through the government, bonds can't stay this low without the treasury fixing its own auctions, and TBTF banks depend on free liquidity through zirp as well as the governments guarantees that make them seem safer rather than riskier (which they would be) to deposit money into. Like all planned economies, they are less resilient than one thinks, they always result in massive unwinds, and they deal with change very poorly. We are reaping what we sowed. We sold free market capitalism for the stability of a planned economy build on the vice, greed, hubris, and corruption of the central bank and government. Excuse me if I don't clap at this circus of lies.

This is the cause for concern. On June 26, 2009, Diabetologia published the results of four large-scale registry studies from Sweden, Germany, Scotland and the rest of the UK. The German study, of around 127,000 insulin-treated patients from an insurance database, suggested a possible link between insulin glargine and increased risk of developing cancer. Type 2 diabetics who used insulin glargine had a 2.9-fold greater chance of cancer, while those who took the generic drug metformin had an 8 percent lower risk, according to a study presented on 9 December 2011 at the San Antonio Breast Cancer Symposium. Researchers examined medical records of 23,266 patients in southern Sweden. We will see about Afrezza, however there is strong evidence to support that there is a relationship with glargine. I doubt those getting cancer taking these drugs care that much if its a corollary or casual one but that it increased their risk with may have resulted in their getting cancer. It certainly is a risk that must be weighed when addressing Afrezza and not one that can be automatically discounted.