Socio-Economics History Blog

Socio-Economics & History Commentary

Children Who Get Flu Vaccine Have Three Times Risk Of Hospitalization For Flu, Study Suggests

  • This is an interesting article. Science Daily reports :
    The inactivated flu vaccine does not appear to be effective in preventing influenza-related hospitalizations in children, especially the ones with asthma. In fact, children who get the flu vaccine are more at risk for hospitalization than their peers who do not get the vaccine, according to new research that will be presented on May 19, at the 105th International Conference of the American Thoracic Society in San Diego.
    Flu vaccine (trivalent inactivated flu vaccine—TIV) has unknown effects on asthmatics. “The concerns that vaccination maybe associated with asthma exacerbations have been disproved with multiple studies in the past, but the vaccine’s effectiveness has not been well-established,” said Avni Joshi, M.D., of the Mayo Clinic in Rochester, MN. “This study was aimed at evaluating the effectiveness of the TIV in children overall, as well as the children with asthma, to prevent influenza-related hospitalization.”
    The CDC’s Advisory Committee on Immunization Practices (ACIP) and the American Academy of Pediatrics (AAP) recommend annual influenza vaccination for all children aged six months to 18 years. The National Asthma Education and Prevention Program (3rd revision) also recommends annual flu vaccination of asthmatic children older than six months.
    In order to determine whether the vaccine was effective in reducing the number of hospitalizations that all children, and especially the ones with asthma, faced over eight consecutive flu seasons, the researchers conducted a cohort study of 263 children who were evaluated at the Mayo Clinic in Minnesota from six months to 18 years of age, each of whom had had laboratory-confirmed influenza between 1996 to 2006. The investigators determined who had and had not received the flu vaccine, their asthma status and who did and did not require hospitalization. Records were reviewed for each subject with influenza-related illness for flu vaccination preceding the illness and hospitalization during that illness.
    They found that children who had received the flu vaccine had three times the risk of hospitalization, as compared to children who had not received the vaccine. In asthmatic children, there was a significantly higher risk of hospitalization in subjects who received the TIV, as compared to those who did not (p= 0.006). But no other measured factors—such as insurance plans or severity of asthma—appeared to affect risk of hospitalization.
    “While these findings do raise questions about the efficacy of the vaccine, they do not in fact implicate it as a cause of hospitalizations,” said Dr. Joshi. “More studies are needed to assess not only the immunogenicity, but also the efficacy of different influenza vaccines in asthmatic subjects.”


May 28, 2009 Posted by | Medicine & Health | | 5 Comments

Russia Fears Korea Conflict Could Go Nuclear

  • The world has entered a period of great economic depression, increasing social unrest and war. This is very much like the period 1929 – 1939 with 1918 Spanish Flu added in. The signs are there for all who wish to see: Cataclysmic change has started. At the end of this period we are under going, it will be an entirely different kind of world. Old assumptions and rules no longer apply. Reuters reports :
    Russia is taking security measures as a precaution against the possibility tension over North Korea could escalate into nuclear war, news agencies quoted officials as saying on Wednesday.
    Interfax quoted an unnamed security source as saying a stand-off triggered by Pyongyang’s nuclear test on Monday could affect the security of Russia’s far eastern regions, which border North Korea.
    “The need has emerged for an appropriate package of precautionary measures,” the source said. “We are not talking about stepping up military efforts but rather about measures in case a military conflict, perhaps with the use of nuclear weapons, flares up on the Korean Peninsula,” he added. The official did not elaborate further.
    North Korea has responded to international condemnation of its nuclear test and a threat of new U.N. sanctions by saying it is no longer bound by an armistice signed with South Korea at the end of the 1950-53 Korean War.
    Itar-Tass news agency quoted a Russian Foreign Ministry official as saying the “war of nerves” over North Korea should not be allowed to grow into a military conflict, a reference to Pyongyang’s decision to drop out of the armistice deal.
    “We assume that a dangerous brinkmanship, a war of nerves, is under way, but it will not grow into a hot war,” the official told Tass. “Restraint is needed.”
    In the past, Moscow has been reluctant to support Western calls for sanctions. But Russian officials in the United Nations have said that this time the authority of the international body is at stake.
    Medvedev told South Korean President Lee Myung-bak, who called him on Wednesday, that Russia was prepared to work with Seoul on a new U.N. Security Council resolution and to revive international talks on the North Korean nuclear issue.
    “The heads of state noted that the nuclear test conducted by North Korea on Monday is a direct violation of a U.N. Security Council resolution and impedes international law,” a Kremlin press release said.


May 28, 2009 Posted by | GeoPolitics | | 2 Comments

North Korea Threatens Military Strike on South Korea

  • The madness that is North Korea is evident. The question is: what is the purpose of all their belligerent behavior? What do they stand to gain? Can they really take on the rest of the western world? Is this another attention seeking posturing for more money? Who knows?
  • Here is an interesting conspiracy theory:
    There is a huge hidden financial war going on. The Illuminati cabal who control the central banks of the western world is fighting for their survivor. Their fiat money, ponzi fractional banking system is collapsing. The challengers to this system is mainly China and Russia. China being the bigger threat to their control of the financial system of the world. China has clearly made moves that threatens the USD system by positioning the Chinese Yuan as the replacement for the USD. If major countries decide to ditch the USD in favor of the Yuan, it will be game over. This satanic cabal control North Korea. Their intent is to use North Korea as a warning and a threat to South Korea and Japan. Should they decide to bail out of the USD and support the Chinese Yuan: It is War !! So, it is all about the money!!

    How much of this is true? Who knows?
  • Bloomberg reports :
    Secretary of State Hillary Clinton said North Korea must face consequences for its “belligerent and provocative behavior” after Kim Jong Il’s regime threatened military action against South Korea.
    Clinton spoke in Washington after North Korea’s official news agency said Kim’s government would no longer abide by the 1953 armistice that ended the Korean War and may respond militarily to South Korea’s participation in a U.S.-led program that would block ships suspected of carrying nuclear weapons or material for export.
    North Korea has continued to ratchet up tension since it tested a nuclear weapon on May 25, drawing international condemnation and the prospect of increased sanctions against the communist nation.
    “The Korean People’s Army will not be bound to the Armistice Agreement any longer,” the official Korean Central News Agency said in a statement today. Any attempt to inspect North Korean vessels will be countered with “prompt and strong military strikes.”
    South Korea dispatched a warship to its maritime border and is prepared to deploy aircraft, Yonhap News reported, citing military officials it didn’t identify. South Korea’s military said it will “deal sternly with any provocation” from the North.
    ‘Calm’ Response
    Still, South Korean President
    Lee Myung Bak ordered his government to take “calm” measures in the face of the threats, his office said in a statement today. Japan’s Chief Cabinet Secretary, Takeo Kawamura, echoed those remarks and called on North Korea to “refrain from taking actions that would elevate tensions in Asia.”
    North Korea routinely issues threats directed at the U.S., South Korea and Japan, warning of military retaliation if they continue to take actions that the country’s leadership characterizes as threats to its security.
    Aggressive Shift
    “This rapid-fire provocation indicates a more aggressive shift in the
    Kim Jong Il regime,” said Ryoo Kihl Jae, a professor at the University of North Korean Studies in Seoul. “Kim is obviously using a strategy of maximum force.”
    North Korea raised the specter of a maritime confrontation. The dispatch by the Korean Central News Agency said North Korea can’t guarantee the safety of ships passing through its western waters. The statement specified five islands controlled by the South that were the site of naval skirmishes in 1999 and 2002.
    “What they are saying is that they will take military action if there is any action taken on behalf of the program such as boarding their ships, stopping and searching and so on,” said
    Han Sung Joo, a former South Korean foreign minister.
    South Korea yesterday agreed to join the Proliferation Security Initiative, or PSI, set up to locate and seize shipments of equipment and materials used to make weapons of mass destruction.
    Reaction to Test
    President Lee had resisted joining the PSI until the nuclear test, even after North Korea fired a ballistic missile on April 5. His predecessor,
    Roh Moo Hyun, had said that joining the initiative would be too provocative.
    North Korea has also fired five short-range missiles in two days in a further display of military defiance. The United Nations Security Council agreed in an emergency session on May 25 to condemn the nuclear test and missile launches.
    Under the July 27, 1953, armistice that ended the Korean War, both sides agreed to “a complete cessation of all hostilities” and pledged to accept the demarcation line that has become the world’s most-heavily mined demilitarized zone.
    In addition to the weapons tests, North Korea may be preparing to reprocess spent fuel rods at its Yongbyon nuclear reactor, the Chosun Ilbo newspaper reported earlier today, citing an unidentified South Korean official. Steam has been rising from the facilities, the newspaper said.


May 28, 2009 Posted by | GeoPolitics | , | 2 Comments

Marc Faber: US Inflation to Approach Zimbabwe Level

  • Marc Faber is right. The amount of Quantitative Easing which the FedRes needs to undertake means guaranteed hyper-inflation. The treasury bond market is collapsing and the market is clearly signalling their worry on the inflation front. Interest rate for the 10 year treasury bond rose to as high as 3.74% from 3.54%. This is an astounding rise in 1 trading day. Within a short span of 5 months the 10 year bond yield has risen 1.3%.
  • Bloomberg reports :
    The U.S. economy will enter “hyperinflation” approaching the levels in Zimbabwe because the Federal Reserve will be reluctant to raise interest rates, investor Marc Faber said.
    Prices may increase at rates “close to” Zimbabwe’s gains, Faber said in an interview with Bloomberg Television in Hong Kong. Zimbabwe’s inflation rate reached 231 million percent in July, the last annual rate published by the statistics office.
    “I am 100 percent sure that the U.S. will go into hyperinflation,” Faber said. “The problem with government debt growing so much is that when the time will come and the Fed should increase interest rates, they will be very reluctant to do so and so inflation will start to accelerate.”
    The global economy won’t return to the “prosperity” of 2006 and 2007 even as it rebounds from a recession, Faber said. Equities in the U.S. won’t fall to new lows, helped by increased money supply, he said. Still, global stocks are “rather overbought” and are “not cheap,” Faber added.
    Faber still favors Asian stocks relative to U.S. government bonds and said Japanese equities may outperform many other markets over a five-year period. “Of all the regions in the world, Asia is still the most attractive by far,” he said.
    Gloom, Doom
    Faber, the publisher of the Gloom, Boom & Doom report, said on April 7 stocks could fall as much as 10 percent before resuming gains. The Standard & Poor’s 500 Index has since climbed 9 percent.
    Faber, who said he’s adding to his gold investments, advised buying the precious metal at the start of its eight-year rally, when it traded for less than $300 an ounce. The metal topped $1,000 last year and traded at $949.85 an ounce at 12:50 p.m. Hong Kong time. He also told investors to bail out of U.S. stocks a week before the so-called Black Monday crash in 1987, according to his Web site.


May 28, 2009 Posted by | Economics | , , , , , , , | 1 Comment