You can expect to get yields of nearly 10% for AAA rated bonds maturing in the next two years. Bonds with lower than AAA rating will give approximately 11% yield to maturity (YTM). Since RBI did not hike the repo rate, the bond yields should remain steady in the near term.
Medical developments from around the world
Death by Modern Medicine; Safer Solutions is a new book by Dr Carolyn Dean in which she writes that prescription drugs abuse is one of the leading causes of death and disability. In fact, deaths due to street drugs pale into insignificance in this context. Among the worst offenders are sleeping pills, pain-killers and anxiolytics; most of these are also available over-the-counter. This does not take into account the adverse drug reactions that kill more than 400,000 people annually in the US alone!
Smart Phone and Sleep
Thomas Alva Edison was responsible for the present-day problem of sleep deprivation, to a great extent. If he had not invented the light bulb, we would still be following our circadian rhythm. Like fire, the simple bulb invented by him would not be a great problem but the LCD light emitted by laptops, smart phones and computer screens interferes with melatonin (sleep hormone) secretion. Keeping the bedroom as dark as possible is one of the best remedies for sleeplessness.
Meditation and Human Illnesses
The human metagenome is not known to science today. It contains 25,000 human genes and 2.5 trillion germ genes. We still DO NOT KNOW what they do. However, recent research shows that human genes are very dynamic and are amenable to change by exercise, sensible diet and, more than all this, by meditation and yoga. The 2011 issue of Psychoneuroimmunology shows that mindful meditation and some other relaxation techniques are helpful. Meditation has been shown to affect the length of the telomeres, the caps at the ends of a chromosome, which normally lose their length due to aging and stress. It is possible that meditation does increase the length of those telomeres suggesting thereby that meditation does change the human biology at molecular and genetic levels! Of course, meditation is known to affect human beings at the level of the mind inducing tranquillity and peace.
The US FDA Cannot Be Trusted
A Harvard University professor compiled a new report slamming the US Food and Drug Administration (FDA) for its failure to honestly and ethically carry out its obligations of certifying new drugs. Published in a special issue of the Journal of Law, Medicine & Ethics, is the damning report titled “Institutional Corruption of Pharmaceuticals and the Myth of Safe and Effective Drugs”. The report says, “Over the past 35 years, patients have suffered from a largely hidden epidemic of side effects from drugs that usually have few offsetting benefits. The pharmaceutical industry has corrupted the practice of medicine through its influence over what drugs are developed, how they are tested, and how medical knowledge is created. Since 1906, heavy commercial influence has compromised Congressional legislation to protect the public from unsafe drugs. The authorization of user fees in 1992 has turned drug companies into the FDA’s prime clients, deepening the regulatory and cultural capture of the agency.” Further, it goes on to say, “(The pharmaceutical) industry has demanded shorter average review times and, with less time to thoroughly review evidence, increased hospitalisations and deaths have resulted. Meeting the needs of the drug companies has taken priority over meeting the needs of patients. Unless this corruption of regulatory intent is reversed, the situation will continue to deteriorate.”