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Silver found to be key weapon in fight against antibiotics resistance

“Silver may be a key weapon in the fight against drug-resistant bacteria, according to Boston University scientists. A team of researchers lead by biomedical engineer James Collins, say adding silver to antibiotics can make them up to 1,000 times more effective, especially when it comes to combating Gram-negative bacteria — one of the hardest pathogens to kill. The findings, published in the journal Science Translational Medicine, comes only weeks after Britain’s top doctor, Sally Davies, began its media campaign to warn about the rise of drug-resistant superbugs, which she considers a risk for humankind of ‘apocalyptic consequences.'” Continue reading →

Contrarians “Would Buy Gold & Bonds” Says Marc Faber as Rising Dollar Dents All Asset Prices

“‘Right now equities, bonds and gold are very over-sold,’ said Dr.Marc Faber – author of the Gloom, Boom & Doom Report – to Bloomberg on Friday, ‘and they could easily rally.’
Compared to the stock market however, ‘sentiment in bonds and gold is incredibly negative. In other words, as a contrarian I would rather buy bonds and gold than equities.’
Also giving a reading contrary to the headlines about ending QE which followed Ben Bernanke’s press conference last Wednesday, ‘Unless the economy has essentially fully recovered by mid-2014, more QE will be forthcoming,’ said Faber.” Continue reading →

Bill Bonner: An Important Lesson from Tony Soprano

“Whew! The Fed is number one in central banking. And it’s finding out just how tough it can be to meddle with a $16 trillion economy. On Wednesday, Ben Bernanke came out with a public statement. He said that if all went well… and he didn’t change his mind… and nothing unexpected came up…and the Fed’s Open Market Committee felt like it… the Fed would begin tapering its bond buying sometime soon. That was all it took to send a shiver up investors’ spines… and a sell signal to Wall Street. Everything sold off – stocks, bonds, commodities, gold… you name it.” Continue reading →

Cops enforce wrong speed limit, will prosecute tickets anyway

“For months the speed limit on that portion of River Watch was marked incorrectly. Police say the tickets they issued during that time are valid, but some drivers are wondering whether they should have been charged for violating an incorrect speed limit. Augusta Traffic Engineer Steve Cassell said the contractor in charge of the project had authorization to reduce the speed limit, but only during specific hours and under certain conditions. According to a plan approved by Georgia DOT, the speed limit could be reduced between 9 a.m. and 3 p.m., but not during peak traffic times, such as when drivers were leaving work.” Continue reading →

Heated exchange after Baton Rouge cop pulls over fellow officer driving recklessly

“In the video, off-duty BRPD officer David Stewart pulls over a swerving white pickup truck that he says was doing more than twice the 45 mph speed limit. The stop happened on Juban Road in Livingston Parish. Stewart said he pulled the vehicle over and contacted the Livingston Parish Sheriff’s department because he thought the driver may be impaired or having a ‘road rage’ fit. However, after the driver, Cpl. Brian Harrison, identified himself as a Baton Rouge police officer, the dash-mounted camera in Stewart’s vehicle then captured a heated 4-minute exchange between the two men.” Continue reading →

Credit Suisse faces $1.2-billion US penalty over taxes

“Credit Suisse faces a penalty of $1.2 billion (1.1 billion francs) from US authorities over cases of tax evasion involving American clients, a Swiss lawyer estimates. The cantonal banks of Zurich and Basel are also believed among those targeted. Last week, MPs in Bern rejected an agreement with the US, backed by the Swiss federal government, to temporarily lift banking secrecy laws to allow Swiss banks to settle with American authorities over past tax evasion cases. The agreement was never made public but was expected to include significant fines against 14 Swiss banks.” Continue reading →

Australian Taxation Office targets Bitcoin users

“The Australian Taxation Office is taking aim at Bitcoin users who could be attracted to the burgeoning virtual currency by the possibility of hiding transactions and dodging tax. Despite the ability to trade virtual currencies like Bitcoin anonymously, the ATO is confident it can track users in efforts to stop fraud. ‘Bitcoin is no more anonymous than physical cash and the ATO has experience in working with earlier forms of anonymous electronic money systems, and with physical cash, which are relevant for responding to new and emerging systems,’ ATO senior assistant commissioner for the cash economy Michael Hardy told The Australian Financial Review.” Continue reading →

Air Force officer charged with rape and child molestation

“A U.S. Air Force lieutenant colonel faces court-martial after being charged with assault, rape and lewd acts against a child for a series of alleged abuses over a six-year period in two states. Prosecutors said Kabban’s attacks against the victim, a girl younger than 12 years old, allegedly occurred between August 2005 and November 2011 in Virginia and Ohio. In May, Lt. Col. Jeff Krusinski, who led the USAF’s Sexual Assault Prevention office, was arrested for allegedly attacking a woman in a parking lot. A sexual assault ‘prevention and response’ brochure was later revealed to advise victims, ‘It may be advisable to submit.'” Continue reading →