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No, Making Banks Hold More Capital Is Not Going To Wreck Lending Or The Economy

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Uh-oh, everybody: Bankers are warning that the U.S. economy could be in deep trouble. Not because bankers wrecked it again, like that last time, but because we are being mean to bankers.

Fortunately, these bankers are probably wrong.

Like they do, bank flaks have rushed to warn that the higher bank capital requirements proposed on Tuesday by the Federal Reserve, Office of the Comptroller of the Currency and the Federal Deposit Insurance Corporation will slow down lending and economic growth, make U.S. banks less competitive against European competitors and be cruel to puppies and kittens.

The first quote in Wednesday’s Wall Street Journal story (subscription only) about the new capital rules, in fact, is just such a warning from a banking representative:

“Ever-higher capital requirements, while a critically important element of safety and soundness, can become prohibitive and actually lead to reduced capability to lend,” Rob Nichols, president of the Financial Services Forum, a lobbying group for the Too Big To Fail set, tells the WSJ.

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banks capital lending

Jamie Dimon and other bankers complain that tougher regulations and higher capital rules will kill the economy. Fortunately, they’re wrong. Chris Ratcliffe/Bloomberg via Getty Images

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.Click link below for story and video:

http://www.huffingtonpost.com/2013/07/10/banks-capital-lending_n_3573704.html?ncid=edlinkusaolp00000003

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Solar System’s Tail Trails Just Like A Comet, NASA Study Finds (VIDEO)

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NASA can prove it now. Our solar system has a tail, just like comets.

Scientists revealed images Wednesday showing the tail emanating from the bullet-shaped region of space under the grip of the sun, including the solar system and beyond. The region is known as the heliosphere, thus the name heliotail.

The findings are based on data from by NASA’s Interstellar Boundary Explorer, or IBEX. The Earth-orbiting spacecraft was launched in 2008.

Scientists always presumed the heliosphere had a tail, but this provides the first real data on the shape.

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.Click link below for story, video, and slideshow:

http://www.huffingtonpost.com/2013/07/11/solar-system-tail-nasa-video_n_3575805.html

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‘Monster’ Star Forms In Milky Way (PHOTOS, VIDEO)

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Astronomers witnessed a spectacular sight recently when they spotted an embryonic “monster” star in the Milky Way. Though the star is still forming, it’s expected to grow to become 100 times the mass of the sun, which would make it one of the galaxy’s most massive stars.

The photo of this monster star in the Milky Way was quite a feat for scientists at the Atacama Large Millimeter/sub-millimeter Array (ALMA) astronomy facility since the birth of such a large star is not often witnessed, let alone captured in a photo.

The star formation is located 11,000 light years from Earth in a stellar womb that is estimated to encompass 500 times the mass of the sun. In a photo of the formation, provided by the European Southern Observatory, the Milky Way’s monster star appears as a yellow blob in the center of the “womb.”

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.Click link below for story, video and slideshow:

http://www.huffingtonpost.com/2013/07/10/monster-star-milky-way-photos_n_3573794.html?ref=topbar

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Global Corruption Report 2013: World’s Biggest Countries For Bribes, According To Transparency International

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If you paid a bribe sometime in the last year, you are not alone. According to a new survey by corruption watchdog Transparency International, more than a quarter of people worldwide paid a bribe when dealing with public services in the past 12 months.

Transparency International’s 2013 Global Corruption Barometer is based on interviews with 114,270 people in 107 countries. It uses a public opinion survey to estimate the prevalence of corruption across national institutions worldwide.

The report concludes that although bribery is a global problem, it is not an equally distributed one.

According to the report, less than 5 percent of respondents in 16 countries admitted to giving bribes, while more than half of the people surveyed in 14 other countries reported paying off officials. Of those 14 countries, 11 are located in Africa. They include post-Gaddafi Libya, where 62 percent of respondents reported having paid up, and Liberia, where an astonishing 75 percent slipped money to officials. In Kenya, where legislators recently tried to raise their salary to 84 times that of the average Kenyan, 70 percent of those surveyed reported giving bribes.

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Senegal

The House of Slaves is seen on Goree Island, Senegal, Wednesday, June 26, 2013, a museum and memorial to the Atlantic slave trade. (AP Photo/Carolyn Kaster)
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.Click link below for story and slideshow:

http://www.huffingtonpost.com/2013/07/09/global-corruption-report-2013_n_3568242.html?ref=topbar

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Missing Madeleine McCann May Be Alive: Police

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British police say they have launched a full investigation into the disappearance of Madeleine McCann, and want to trace 38 “persons of interest” in the case.

Detectives say it’s possible that Madeleine, who vanished from a Portuguese holiday resort six years ago, is still alive.

Scotland Yard said Thursday that 12 of the individuals of interest are British, and the rest from a variety of European countries. The force says it is working with governments across the continent to find out more.

McCann vanished from a vacation home in Portugal’s Algarve region on May 3, 2007, days before her fourth birthday. The case has generated intense media interest.

Detective Chief Inspector Andy Redwood said police “continue to believe that there is a possibility that Madeleine is alive.”

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Madeleine McCann

Madeleine McCann

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.Click link below for story, video, and slideshow:

http://www.huffingtonpost.com/2013/07/04/madeleine-mccann_n_3547440.html?ref=topbar

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How To Stop People From Snooping On You With Facebook’s Graph Search

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technology

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On Monday, Facebook officially rolled out Graph Search to everyone on the social network. The new search engine, originally accessible to only a select group after its introduction in March, lets you search through the mountains of information the site’s more than 1 billion members produce daily. Starting this week, everyone with a Facebook account can find “friends from London who like ‘True Blood’ ” or “married people who like prostitutes.”

In Facebook’s attempt to connect friends and friends of friends to one another, your information, now fed into a search engine, is more public ever before. If you’re irked by the the idea of strangers finding out personal details of your life with a few clicks in a search bar, there are steps you can take to ensure your privacy on Facebook.

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facebook graph search

Facebook Graph Search was just rolled out to all Facebook users. (AP Photo/dapd, Timur Emek)

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.Click link below for story, instructions, and slideshow:

http://www.huffingtonpost.com/2013/07/09/facebook-graph-search_n_3563010.html?utm_hp_ref=mostpopular

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Casual Sex Rare Among College Students, But Correlated With Anxiety: Study

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While most college students are not having casual sex, one-night stands are correlated with anxiety, a new study has found.

The study, titled “Risky Business,” was released in June in the “The Journal of Sex Research.” It was led by Dr. Melina M. Bersamin of California State University, Sacramento, and surveyed 3,907 heterosexual college students, ages 18 to 25, from 30 different colleges. “Casual sex” was defined in the study as intercourse with someone the student had known for less than a week.

Researchers found that men were twice as likely as women to report casual sex, although only 11 percent of those surveyed overall had such an encounter. And despite the disparity between men and women engaging in casual sex, the study found a correlation between hooking up and emotional problems that did not discriminate by gender.

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.Click link below for story and slideshow:

http://www.huffingtonpost.com/2013/07/09/casual-sex-college-students_n_3563441.html?ncid=edlinkusaolp00000003

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Oral Sex Study: Can Cunnilingus Ward Off Infidelity?

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divorce Marriages come and go, but divorce is forever

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According to a recently published study, one of the reasons men perform oral sex on female partners may be to minimize the risk of infidelity.

The study, published late last month in the Journal of Evolutionary Psychology, sought to discover why men perform oral sex on women, since the act does not lead directly to reproduction.

After surveying 243 adult men in heterosexual relationships, the researchers deduced that cunnilingus is used to discourage women from cheating, a theory the authors refer to as a “mate-retention strategy.”

The research suggests that men perform oral sex on their female partners in order “to minimize the risk of their partner’s infidelity by increasing her relationship satisfaction.”

The study has garnered some negative reactions across the web: An article on The Gloss wondered why the researchers aren’t “questioning the evolutionary advantage of oral sex for men? Isn’t that purposeless, too?” And Handbag.com writer Kate Gilbert pointed out that perhaps men perform oral sex because it’s pleasurable: “Sorry science guys — sometimes things are just meant for fun.”

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.Click link below for story and slideshow:

http://www.huffingtonpost.com/2013/07/03/oral-sex_n_3542426.html?utm_hp_ref=mostpopular

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Loch Ness Monster Mystery Solved? ‘Nessie’ Just Bubbles From Seismic Activity, Geologist Says (VIDEO)

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Legendary beast, or harmless geological activity? That is the question raised after a scientist’s surprising theory about the Loch Ness Monster resurfaced recently.

Italian geologist Luigi Piccardi first floated his theory in 2001, telling a meeting of colleagues organized by the Geological Society of London and the Geological Society of America that seismic activity may underlie the majority of supposed monster sightings around the Scottish lake from which the fabled creature takes its name.

The first claimed sighting of “Nessie” occurred in the sixth century, according to Scientific American. Legend has it that the creature appears along with earth tremors and bubbling from the bottom of Loch Ness, one of Britain’s largest freshwater lakes.

Formed as a result of a long-ago collision between the northern tip of Scotland and the rest of Britain, the loch sits over the 62-mile Great Glen fault line. Piccardi argues that this position may have fueled centuries of Loch Ness Monster rumors.

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.Click link below for article

http://www.huffingtonpost.com/2013/07/04/loch-ness-monster-seismic-activity_n_3542214.html?icid=maing-grid7|myaol|dl2|sec1_lnk3%26pLid%3D340278

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Ancient Carving Of Roman God’s Head Discovered In English Garbage Dump

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An 1,800-year-old stone carving of what may be the head of a Roman god was recently found in an ancient garbage dump, British archaeologists announced today (July 3).

An undergraduate student at Durham University discovered the largely intact head during an archaeological dig at the Binchester Roman Fort, a major Roman Empire fort built around A.D. 100 in northeastern England’s County Durham.

Archaeologists involved in the dig believe that somebody probably tossed the 8-inch-long (20 centimeters) statue in the garbage when the building was abandoned in the fourth century, during the fall of the Roman Empire.

The team is still not certain who the carved head is meant to represent, though they have noted its resemblance to a similar stone head discovered in 1862 inscribed with the name “Antenociticus” — a Celtic deity associated with military prayers in that particular region.

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.Click link below for story and slideshow:

http://www.huffingtonpost.com/2013/07/05/ancient-carving-roman-gods-head-discovered-english-garbage_n_3546365.html?ref=topbar

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