California sprouts 'green rush' from marijuana

California sprouts 'green rush' from marijuana
California sprouts marijuana 'green rush' amid calls for legalization, taxation

SAN FRANCISCO (AP) -- A drug deal plays out, California-style: A conservatively dressed courier drives a company-leased Smart Car to an apartment on a weekday afternoon. Erick Alvaro hands over a white paper bag to his 58-year-old customer, who inspects the bag to ensure everything he ordered over the phone is there.

An eighth-ounce of organic marijuana buds for treating his seasonal allergies? Check. An eighth of a different pot strain for insomnia? Check. THC-infused lozenges and tea bags? Check and check, with a free herb-laced cookie thrown in as a thank-you gift.

It's a $102 credit card transaction carried out with the practiced efficiency of a home-delivered pizza -- and with just about as much legal scrutiny.

More and more, having premium pot delivered to your door in California is not a crime. It is a legitimate business.

Marijuana has transformed California. Since the state became the first to legalize the drug for medicinal use, the weed the federal government puts in the same category as heroin and cocaine has become a major economic force.

No longer relegated to the underground, pot in California these days props up local economies, mints millionaires and feeds a thriving industry of startups designed to grow, market and distribute the drug.

Based on the quantity of marijuana authorities seized last year, the crop was worth an estimated $17 billion or more, dwarfing any other sector of the state's agricultural economy.

Experts say most of that marijuana is still sold as a recreational drug on the black market. But more recently the plant has put down deep financial roots in highly visible, taxpaying businesses:

Stores that sell high-tech marijuana growing equipment. Pot clubs that pay rent and hire workers. Marijuana themed magazines and food products. Chains of for-profit clinics with doctors who specialize in medical marijuana recommendations.

The plant's prominence does not come without costs, say some critics. Marijuana plantations in remote forests cause severe environmental damage. Indoor grow houses in some towns put rentals beyond the reach of students and young families. Rural counties with declining economies cannot attract new businesses because the available work force is caught up in the pot industry. Authorities link the drug to violent crime in otherwise quiet small towns.

"For those of us who are on the front lines, it's not about pot is bad in itself or drugs are bad," said Meredith Lintott, district attorney in Mendocino County, one of the country's top marijuana-producing regions.

"It's about the negative consequences on children. It's about the negative consequences on the environment."

Still, the sheer scale of the overall pot economy has some lawmakers pushing for broader legalization as a way to shore up the finances of a state that has teetered on the edge of bankruptcy. The state's top tax collector estimates that taxing pot like liquor could bring in more than $1.3 billion annually.

On Tuesday, Oakland will consider a measure to tax the city's four marijuana dispensaries, which the city auditor projects will ring up $17.5 million in sales in 2010. The city faces an $83 million budget shortfall, and expects the marijuana tax to raise $315,000. Read Article... http://finance.yahoo.com/news/California-sprouts-green-rush-apf-2590287496.html?x=0&sec=topStories&pos=3&asset=&ccode=

Retirees May Well Worry About Health-Care Reform

Retirees May Well Worry About Health-Care Reform
Retirement health-care costs are steep -- are you prepared?

(Source Yahoo Finance, Market Watch) If things weren't bleak before, they certainly are now. Men and women retiring today will need truckloads of money to pay for health-care expenses over the course of their retirement, according to a new study.

And that was the case long before we learned that President Barack Obama plans to cut $313 billion in Medicare and Medicaid spending and reform this nation's health-care system. It's anybody's guess what retirees might need if those reform plans become a reality.
For the time being, at least, the reality is this: Men retiring at age 65 in 2009 will need from $68,000 to $173,000 in savings to cover health-insurance premiums and out-of-pocket expenses in retirement if they want a 50/50 chance of being able to have enough money, and $134,000 to $378,000 if they prefer a 90% chance, according to a study published last week by the Employee Benefits Research Institute.

Meanwhile, women -- with their greater longevity -- will need even more money. A women retiring at age 65 in 2009 will need from $98,000 to $242,000 in savings to cover insurance premiums and out-of-pocket expenses in retirement for a 50/50 chance of having enough money, and $164,000 to $450,000 for a 90% chance, said Paul Fronstin, an EBRI researcher, in the report.

But it gets worse. Many Americans may need even more money than the amounts cited above, Fronstin said, because his "analysis does not factor in the savings needed to cover long-term care expenses, nor does it take into account the fact that many individuals retire prior to becoming eligible for Medicare."

Simply opening one's eyes to the issue is key, said Stephen Huth of CCH Inc., a Riverwoods, Ill., publisher and unit of Wolters Kluwer. "Just knowing this is a problem is a good first step," he said. "Few individuals plan for retirement at all, and a small percentage of those even think about health-care costs.

"Even with all the talk about health-care reform, little has been said about the looming crisis for many older individuals," he said.

Next Steps Depend on How Old You Are.
Read Article... http://finance.yahoo.com/focus-retirement/article/107225/retirees-may-well-worry-health-care-reform.html?mod=fidelity-readytoretire

THE INFLUENCE GAME: Health bills prompt grumbles
THE INFLUENCE GAME: Grumbling gets louder as unveiling of health bills gives lobbyists targets

WASHINGTON (AP) -- For President Barack Obama, the MRIs and other medical scans for Medicare patients that cost the government billions are prime targets for cuts to help finance health care overhaul.

The response from physicians and industry: a lobbying counterattack accusing Obama of denying patients the lifesaving tools they need.

Patients, rural doctors and advocacy groups who back the procedures will gather in the House Wednesday for a panel discussion, part of the campaign.

The industry spearheaded a bipartisan letter to Obama from 57 House members objecting to the cuts. It has staged events in North Carolina and other states where senators face re-election next year. And it is using a Web site and newspaper ads to encourage people to complain to Congress about the proposal.

The fight highlights a pivotal moment for one of Obama's chief priorities, revamping the nation's health care system to reduce costs and cover the nearly 50 million uninsured Americans, while finding the roughly $1 trillion needed to do it over the next decade. As the president and lawmakers translate rhetoric into legislation, it is decision time for groups that so far have backed the concept of improving health care without knowing the fine print.

The specifics have sparked grumbling from interests like the insurance industry and the U.S. Chamber of Commerce who dislike what they see. They have also triggered intensified efforts by would-be winners -- like labor and advocates for low-income people -- to nail down potential gains.

Current WHO phase of pandemic alert raised to level 6

Current WHO phase of pandemic alert raised to level 6

Influenza pandemic alert raised to phase 6
11 June 2009 -- On the basis of available evidence and expert assessments of the evidence, the scientific criteria for an influenza pandemic have been met. The Director-General of WHO has therefore decided to raise the level of influenza pandemic alert from phase 5 to phase 6. "The world is now at the start of the 2009 influenza pandemic," she said at a press conference today.
Read Dr Chan's statement to the press


WHO says H1N1 a pandemic
(00:50) Rough Cut Reuters Video

Jun 11 - Sweden's Ministry of Health says the World Health Organisation has decided to raise the new H1N1 virus threat level to phase six.
The WHO held an emergency meeting of experts to discuss whether or not to declare a global pandemic of H1N1 flu.
There have been 27,737 infections reported in 74 countries to date, including 141 deaths.

Soundbite:
WHO SPOKESMAN GREGORY HARTL

WHO official says world edging towards pandemic

WHO official says world edging towards pandemic

GENEVA (Reuters) - The spread of H1N1 flu in Australia, Britain, Chile, Japan and Spain has nudged the world closer to a pandemic, the World Health Organisation said on Tuesday.
The newly-discovered strain had caused more infections than seasonal influenza at the start of Chile's flu season, raising concern about how it would spread in the southern hemisphere, according to Keiji Fukuda, the WHO's acting assistant director-general.
The virus has mainly affected people aged below 60 and caused 117 deaths worldwide, including some otherwise healthy people, he said. For now, the WHO's pandemic scale remained at the second-highest level but the threshold may soon be crossed.

"Globally we believe that we are at Phase 5 but we are getting closer to Phase 6," Fukuda told journalists. "The future impact of this infection has yet to unfold."
He added: "It is probably fair to call the situation something like moderate right now. We do have some hesitation to call the situation mild."

The new flu, a mixture of swine, bird, and human viruses, remains most prevalent in North America but has infected nearly 19,000 people in 64 countries, according to the U.N. agency's latest toll, which tends to lag behind national figures but is considered more secure.
Read Article...
http://www.reuters.com/article/GCA-SwineFlu/idUSTRE5514R920090602

Tiffany Losing It's Bling?

Tiffany Losing It's Bling?

The luxury retailer's big drop in Q1 profit prompts its shares to trade lower, with Stacey Widlitz, Pali Research retail analyst.

Obesity in America

Obesity in America

(From 'The Waisteland' Mother Jones)
In 2006, the surgeon general called obesity "the terror within" and said it could "dwarf 9/11 or any other terrorist attempt."
A recent anti-obesity ad campaign featured a "suicide bomber" with bars of butter strapped to his chest.
A 2002 study found that 13% of men and 17% of women of recruitment age are too fat to serve in the military.
Recent studies have attributed obesity to low-fat foods, lack of sleep, ear infections, intestinal bacteria, pollution, plastics, poverty, air conditioners, socializing with obese people, your mom's age when you were born, and your maternal grandmother's diet.
Researchers say obese Americans contribute disproportionately to global warming by consuming 18% more food and 938 million extra gallons of gas every year.

The Obesity Crisis: What's it all about?
The nation's scales are going up...up...up...and it's clear that we have an obesity health crisis on our hands. So what can we do about America's obesity epidemic? It's not just a case of telling people to eat fewer doughnuts and walk around the block each day. Scientists--including specialists called endocrinologists--are looking into the many biological angles behind adult obesity, childhood (pediatric) obesity, and obesity-related health problems (diabetes, hypertension, and heart disease, and are working to figure out how to combat the obesity epidemic.

The Domestic Impact
While obesity rates have increased in adults nationwide, the obesity epidemic has increased more dramatically in specific areas of the country. The following chart depicts a regional breakdown of the obesity epidemic among people in the U.S. The prevalence of overweight and obesity is highest overall in the Southern region of the country.

The dangers of too much detox

The dangers of too much detox

A woman was left disabled after following a "detox" diet which involved drinking large quantities of water.
Although doctors stress the need to avoid dehydration by drinking enough fluids, drinking more than enough is a different matter.
The human body may be mostly water, but you can have too much of a good thing.
In the most serious cases, "water intoxication" can kill, and there is, say experts, scant evidence that drinking even slightly more water than usual can improve your health.
The current popularity of detox diets which recommend drinking many litres of water a day, and drinking even when not thirsty, could cause problems if taken to extremes, they say.
The claim is that drinking more than usual can do everything from improving your skin tone to "flushing out" toxins from your body.
Ursula Arens, a dietician, said that there was a difference between normal consumption of one or two litres a day, not just in the form of water, but also from coffee, tea, and juice, and constant, ritualistic consumption of water throughout the day.
"You shouldn't be drinking massively over and above what you feel with comfortable with, when you're not thirsty, in a mechanical way."
She said that the evidence supporting the whole "hydration industry" was flawed.

The big trends for 2009 include comfort food, nostalgia, and..

The big trends for 2009 include comfort food, nostalgia, home baking, and..

Spotting trends in food is essential to understanding what food consumers are doing now and more importantly may be doing in the future. thefoodpeople split their food trend predictions into mega trends which are already apparent within the market and also emerging trends that are just starting to take hold.
In a time when we are all facing global economic slowdown, shifts in outputs and dwindling natural resources, what does all of this mean for trends in food?
“The big trends for 2009 include comfort food, nostalgia, scratch cooking and home baking as consumers want to save money as well as feel good about themselves and the food they consumer just like mum or grandma did. Also big in 2009 will be head to tail eating where more people will be eating those forgotten cuts of meat in a bid to make food go further. Despite credit crunch we expect to see sustainability remain high on the agenda whilst some of the nice to haves such as organic drop back. We expect domestic cuisines to big, people cooking and dining on food that is traditional and indigenous to their country of residence. In addition we also expect to see shifts in drinking habits with more in home drinking as well as a rise in the popularity of beer, cider and cocktails. As consumers get used to using the internet more for food purchases we also expect to see more business and food brands miniaturising and customising their food products to the specific needs of their consumers. Last but not least we expect to see health in food trends such as natural health choices, ultra low calorie, anti foods, more detox diets and tailored health food choices to be big in 2009”.