"Low doses of THC are cardioprotective in mice, according to preclinical data to be published online in the journal Biochemical Pharmacology. Israeli scientists assessed in impact of a single 'ultra-low' injection of THC in mice prior to ischemia (the restriction of blood supply to tissues). Investigators reported that THC 'is a safe and effective treatment that reduces myocardial ischemic (heart attack) damage.'" Continue reading →
"FedEx may prove a tougher nut to crack. Officials there called the federal probe 'absurd and disturbing' and said it threatened customer privacy. They also accused the DEA of failing to cooperate with them in efforts to resolve the problem. 'We are a transportation company -- we are not law enforcement, we are not doctors and we are not pharmacists,' FedEx spokesman Patrick Fitzgerald said. 'We have no interest in violating the privacy of our customers by opening and inspecting their packages in an attempt to determine the legality of the contents. We stand ready and willing to support and assist law enforcement. We cannot, however, do their jobs for them.'" Continue reading →
"The clock is ticking in Colorado. The voters have already voted to legalize marijuana. Either the legislature passes regulations to implement it -- and quite possibly puts anticipated taxes on the ballot, as required by state law for any new taxes -- and Colorado has legal, taxed and regulated marijuana commerce, or it simply has legal marijuana possession with no taxes and no regulations. The threat of the latter should be enough to ensure the success of the former." Continue reading →
"A national Pew Research Center poll released Thursday shows the majority of Americans support pot legalization 52 percent to 45 percent, with 72 percent who say that the cost of federal law enforcement efforts are not worth it. The results mark the first time in more than four decades of Pew's polling that a majority has taken that position. As recently as a decade ago, only about one-third of American adults backed making marijuana legal. Support for legalizing pot is up 11 points since 2010, the most dramatic change since the late 1960s." Continue reading →
"The unemployment rate for the currency bloc’s 17 nations was a seasonally adjusted 12% in February, up from 10.9% in February 2012. Among member nations with the lowest unemployment rates are Austria, at 4.8%, and Germany, at 5.4%, reports WSJ. Among members with the highest unemployment rates is Spain, at 26.3%. Three things are going on here." Continue reading →
"With the Federal Reserve System buying half a trillion dollars worth of Fannie Mae and Freddy Mac IOUs a year, the mortgage market is flooded with newly created money. Lenders are now offering 3% down payment mortgages. Why, it’s 2006, back from the grave. There is a problem here: the number of mortgage applications has remained flat for three years. So, the recovery is nowhere near a bubble. Not enough people can qualify for loans. The rates are great, but only if you qualify. The time to buy an income-producing rental home is sooner rather than later. But don’t pay retail. Shop." Continue reading →
"The Obama Administration is proposing to once again put the economy at risk by subsidizing banks to give mortgages to people with poor credit. Even though we’re still dealing with the economic and fiscal damage caused by the last episode of government housing subsidies! Brings to mind the famous saying from George Santayana that, 'Those who cannot remember the past are condemned to repeat it.' But what’s especially amazing – and distressing – about this latest scheme is that 'the past' was only a couple of years ago." Continue reading →
"The Bank of Japan has announced a quantitative easing (mass inflation) QE program that matches Bernanke’s: $75 billion a month in purchases of Japanese government bonds. This is just under $1 trillion a year. But Japan’s GDP is only $6 trillion — 40% the United States’ GDP. This is way beyond Bernanke. For the Bank of Japan, this is QE1. But it is QE3 in the United States. It’s the same policy. The government of Japan has always been Keynesian. Now it has adopted desperation Keynesianism: just like the United States and the eurozone." Continue reading →
"The delinquency rate on student loans is now higher than on credit cards, car loans, or any other kind of consumer loan." Continue reading →
"Student fees have for years been often criticized as a kind of stealth, second tuition imposed on unsuspecting families. But such fees are still on the rise on many campuses. And though their names can border on the comical - i.e., the 'student success fee' - there’s nothing funny about how they can add up. At the University of California Santa Cruz, where tuition runs to nearly $35,000 for non-residents, students every year pay more than 30 additional fees 2014 including a small charge for what’s billed as 'free' HIV testing. Students at Oklahoma State University are responsible for covering 18 different fees, including a 'life safety and security fee.'" Continue reading →