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Pastimes : Ask Mohan about the Market -- Ignore unavailable to you. Want to Upgrade?

To: John Hunt who wrote (17022)	11/6/1998 6:01:00 AM
From: John Hunt	Respond to of 18056

A Crucial Human Cell Is Isolated, Multiplied washingtonpost.com << Scientists announced yesterday they had achieved one of the most coveted goals in biology by isolating from human embryos and fetuses a primitive kind of cell that can grow into every kind of human tissue, including muscle, bone and brain. The long-awaited discovery of so-called human embryonic stem cells -- the primordial human cells that give rise to all the specialized tissues in a developing fetus -- was hailed by researchers as a landmark event with vast biomedical potential. The cells multiply tirelessly in laboratory dishes, offering a self-replenishing supply from which scientists hope to grow replacement tissues for people with various diseases, including bone marrow for cancer patients, neurons for people with Alzheimer's disease, and pancreatic cells for people with diabetes. Already, researchers have used the stem cells to grow human heart muscle cells that beat in unison in a laboratory dish, as well as blood cells, blood vessel cells, bone, cartilage, neurons and skeletal muscle. But the cells are also giving rise to daunting legal and ethical concerns. >> Amazing discovery.

To: John Hunt who wrote (17022)	11/6/1998 6:06:00 AM
From: John Hunt	Read Replies (1) \| Respond to of 18056

New York Fed Nearly Admits Rigging The Market nypostonline.com << COM'ON. Tell the world that you're rigging the market. The Federal Reserve is just dying to admit that it has been doing brilliant - but alas, questionable - things to keep the stock market bubble inflated. A Wall Street Journal article on Monday is the closest the Fed has ever come to making this admission, although the newspaper apparently didn't know what it was on to. The Journal story was about the bailout of the hedge fund, Long-Term Capital Management, and how the Fed stepped in to save the day. The story gets interesting in the seventh paragraph, when it starts talking about Peter Fisher, the 42-year-old, No. 2 man at the New York Fed, whose official job is running the Fed's trading operation. In that capacity, Mr. Fisher is the Fed's eyes and ears on the inner workings of stock, bond and currency markets and is given a wide degree of latitude about deciding when certain events pose broader risks, the article says. He begins most workdays at 5 a.m. by checking the status of overseas markets...and ends them 11 p.m. the same way. In between Mr. Fisher SWAPS intelligence and rumors with traders and dealers from his office in the Fed's 10th-floor executive suite that overlooks the trading floor he runs, the piece continues. >> Conflict of interest ... naw, they wouldn't trade on information like that, would they?