Bits and Pieces for January 10, 2012

Politics. Is anybody getting pretty sick at the inanity of our politics and the press coverage thereof? I am.  Is contraception or the ability of someone in the private sector to fire people all that important?

This may be the most important election in our lifetime, and nobody is really doing much talking about what the real issues are, or the press is not covering it.

We need to get serious about this. Now.

Is it just me. Or is it just a dull day all over while we wait for New Hampshire to vote?

I guess it is not dull in the world of medicine. Brigham and Women's Hospital, via E! Science News, has announced:

Researchers at Brigham and Women's Hospital (BWH) have successfully tested a controllable endoscopic capsule, inspired by science fiction, that has the ability to "swim" through the body and could provide clinicians with unprecedented control when photographing the inside of the human body. The capsule is designed to be swallowed like a pill and can be equipped with a camera. Once inside the patient's digestive track, a doctor can "steer" the capsule through the body using an MRI machine, photograph specific areas of interest, and view those pictures wirelessly.

Wow! Anyone that has ever had endoscopy or colonoscopy will appreciate this research. Let's hope the FDA won't screw this up.

The Congressional Budget Office has released a brief on suggested changes to Medicare and Social Security eligibility. They have a chart on their blog. The blog concludes:

CBO estimates that by 2035, the set of increases just described would cause outlays for Social Security and Medicare to fall by 0.4 percent of GDP and federal revenues to rise by around a half percent of GDP—leading to a reduction in the budget deficit of nearly 1 percent of GDP, not including the effects of lower interest outlays. Altogether, by 2060, the federal budget deficit would be reduced by about 1¾ percent of GDP.

 In a 15+ trillion dollar economy, those can be big numbers. Enough to save the system? Who knows?

Maybe something will come out of the MF Global scandal. Seems one of the perps wants to make a deal:

While prosecutors and regulators have jointly conducted dozens of depositions with former and current employees, a senior official in the Chicago office of MF Global recently declined to meet with the federal authorities, people briefed on the investigation said.

That official, Edith O’Brien, a treasurer at MF Global, is considered a “person of interest” in the investigation, the people said. Federal authorities suspect that she transferred about $200 million to JPMorgan Chase in London on the eve of the bankruptcy of MF Global, money that turned out to be customer cash.

If they can get some of the rats to rat on the others, maybe at long last we will see a big banker do the perp walk. There have been far too few prosecutions of the bankers who have perpetrated huge frauds against the public. Of course, the reason for that is they are being protected by politicians including the one at the very top.

The top perp in this case is Jon Corzine, one of Obama's big pals.