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The Almighty Buck

Bank Robbing a Terrible Business, Statistically 207

Posted by timothy from the far-better-to-steal-by-printing-money dept.
isoloisti writes "Three UK economists got access to national data on bank robberies. The conclusion is that robbing banks pays, but not very much. Average take is about $19k per person per robbery. But, there's a 20% chance of being caught per raid. To make an average income, a robber needs to do two jobs per year, and has greater than 50% chance to be in the slammer after 2 years."
Biotech

FDA Regulating Your Stem Cells As Interstate Commerce 332

Posted by timothy from the oh-that's-raich dept.
New submitter dcbrianw writes "A non-surgical procedure that treats joint pain involves removing stem cells from a patient's blood and reinserting them into the joint. The facility conducting these procedures resides in Colorado, but because it orders equipment to perform the procedure from outside of Colorado, the FDA claims it must regulate this process and that it can classify stem cells as a drug. This issue opens the debate of what the FDA, or other regulatory bodies, may regulate within each of our own bodies." Quick: Name five activities with no possible plausible effect on interstate commerce.
United States

Submission + - When Having the US Debt Paid Off was a Problem 4

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Hugh Pickens writes
Hugh Pickens writes writes: "NPR reports that not so long ago, the prospect of a debt-free US was seen as a real possibility with the potential to upset the global financial system. As recently as 2000, the US was running a budget surplus, taking in more than it was spending every year and economists were projecting that the entire national debt could be paid off by 2012. So the government commissioned a secret report outlining the possible harmful consequences of retiring the debt completely. For one thing, paying off the national debt would mean the end of Treasury bonds, a pillar of the global economy. Treasury securities are crucially important to the world financial system in a number of ways: banks buy them as low-risk assets, the Fed uses them for executing monetary policy, and mortgage interest rates vary based on Treasury rates. "It was a huge issue ... for not just the US economy, but the global economy," says Diane Lim Rogers, an economist in the Clinton administration. In the end, Jason Seligman, the economist who wrote most of the report entitled "Life After Debt," (PDF) concluded it was a good idea to pay down the debt — but not to pay it off entirely. "There's such a thing as too much debt," says Seligman. "But also such a thing, perhaps, as too little.""

Comment 100 Mhz is the bottom end of the radio spectrum (Score 1) 2

by cjcurrie (#37843086) Attached to: Harness electromagnetic wave for energy
They said, "... relies on an ultrawideband antenna to capture energy from the 100 megahertz and greater frequencies." 100 Mhz is the bottom end of the radio spectrum. And the radio spectrum (wireless devices) is at the bottom end of the electromagnetic spectrum, even below microwaves (more wireless devices and heating rays) and infrared rays (more heating rays, from the sun or a fire), which is below the visible light. And so on, up through the radiation spectrums. That's a lot of potential energy sources.

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