Central banks certainly are a ‘doomsday machine’ sitting about a $100 trillion market implosion, Stockman warns Former Reagan spending budget chief David Stockman has warned that the global markets are dangerously near collapse and that, were it not for artificial forces, the world economy would suffer a $100 trillion marketplace implosion common-veterinary-uses.html . Stockman, a former Republican congressman from Michigan and President Ronald Reagan’s director of the Office of Management and Budget, wrote on his blog recently that the globe is currently ‘amid a lunatic economic mania’ where central banking institutions around the globe have addicted nationwide economies to limitless printing of money – – so much in order that any hint of ending ‘quantitative easing’ negatively impacts stock markets.
Copyright 2009 Advisory Board Firm and Kaiser Family Foundation. All rights reserved.. Cepheid announces fresh TB test for use in developing countries The Sunnyvale, Calif.-centered company Cepheid in Tuesday announced it has developed a rapid diagnostic test for tuberculosis that it will sell at a reduced cost in growing countries, the SAN FRANCISCO BAY AREA Chronicle reports. The test originated in partnership with the Foundation for LATEST Diagnostics, the University of Medication and Dentistry of New Jersey, and the National Institute of Allergy and Infectious Illnesses. According to the Chronicle, the test detects DNA sequences that are exclusive to TB bacteria. Results for the test, which can also detect drug-resistant TB, can be found in two hours or much less, David Persing, chief medical officer at Cepheid, said.