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Showing posts with label cause. Show all posts
Showing posts with label cause. Show all posts

20 April 2013

Arsenic found in Beers

german-beer_shutterstock_99112892_300 
Elevated arsenic levels have been detected in some brands of beer sold in Germany in recent years, but the cause has remained somewhat unclear, until now.
Mehmet Coelhan, a researcher from the Technical University of Munich, reported that hundreds of German beers tested as part of routine monitoring system had higher than the World Health Organization’s suggested water arsenic limit of 10 micro grams per liter.

Coelhan presented his findings at the American Chemistry Society’s National Meeting & Exposition in New Orleans this week. He said that after testing the water, hops and malt, the team found that keiselguhr, a filtering agent used to make the finished product look clear and bright, was actually the culprit.
Coelhan stated that the World Health Organization has determined that 10 micro grams per liter of arsenic in drinking water is the “safe” limit. But some beers, in recent years, have tested higher than that.
“When arsenic level in beer is higher than in the water used during brewing, this excess arsenic must come from other sources,” Coelhan noted. “That was a mystery to us. As a consequence, we analyzed all materials, including the malt and the hops used during brewing for the presence of arsenic.”
“They concluded that the arsenic was released into the beer from a filtering material called kieselguhr, or diatomaceous earth, used to remove yeast, hops and other particles and give the beer a crystal clear appearance. Diatomaceous earth consists of fossilized remains of diatoms, a type of hard-shelled algae that lived millions of years ago. It finds wide use in filtering beer, wine and is an ingredient in other products.”
Keiselguhr, known in English as diatomaceous earth, or DE, is a powder placed at the spout of the tank that collects unwanted sediment left over from fermentation
Metropolitan Brewing, a microbrewery in Ravenswood, uses a DE filter for its German-inspired beers. “DE allows for a higher level of processing. It’s more efficient for us,” said Doug Hurst, head brewer with 25 years of experience brewing.
DE filtration is faster than other methods and is often used by larger beer companies to speed up production. Coelhan’s research looked exclusively at German beers. However, DE filtration is common stateside. American giants including Anheuser Busch and Miller Brewing Co. use DE to filter their products according to their websites.
“Coelhan pointed out that beers produced in at least six other countries had higher arsenic amounts than German beers, according to a report published four years ago. He said that breweries, wineries and other food processors that use kieselguhr should be aware that the substance can release arsenic. Substitutes for kieselguhr are available, he noted, and simple measures like washing kieselguhr with water can remove the arsenic before use.”
Source:
planetsave.com
worldtruth.tv



19 April 2013

Did Cocaine use by Bankers cause the Global Financial Crisis?

chocaine 
"Wall Street got drunk" was George W Bush's typically incisive take on the main cause of the emerging financial crisis in July 2008. Two years later the governor of the Bank of England, Mervyn King, explained in his Mansion House speech that "the role of a central bank in monetary policy is to take the punch bowl away just as the party gets going" (something that he admitted had not occurred). But perhaps the wrong intoxicant was being blamed. The controversial former drug tsar David Nutt told the Sunday Times this weekend that cocaine-using bankers with their "culture of excitement and drive and more and more and more ... got us into this terrible mess".

I'm inclined to agree. Cocaine is (I'm reliably informed) a drug that results in intense bouts of over-exuberance as well as a tendency to talk extremely convincingly about stuff you know nothing about. Everyone accepts that a credit bubble occurred in the mid-noughties and that it was a direct result of what the former US Federal Reserve chief Alan Greenspan has referred to as "irrational exuberance". It could also be argued that traders would be better able to sell absurdly complicated financial weapons of mass destruction after taking a confidence-boosting narcotic such as cocaine. Furthermore, surely only cocaine-ravaged buffoons would actually buy billions of dollars worth of mortgage-backed securities when they were so clearly doomed to explode the minute the property boom stalled.

I certainly saw my fair share of sniffly noses and gurning jaws at City bars every Thursday night. I also heard overconfident gibberish being spouted by brash wide-boys throughout my 12-year banking career. There were also lots of stories about some of the big swingers in New York enjoying a line or 10 of an evening. Bernie Madoff's office was apparently known as "the North Pole" such were the gargantuan quantities of "snow" to be found there and most bankers are aware of the published allegations that Jimmy Cayne (former CEO of Bear Stearns) had an anti-acid medication bottle that was filled with cocaine.
Dr Chris Luke, an A&E specialist based at Cork University Hospital, Ireland, who has studied the effects of cocaine on bankers, has stated that "prominent figures in financial and political circles made irrational decisions as a result of megalomania brought on by cocaine usage". He concludes that "people were making insane decisions and thinking they were 110% right … which led to the current chaos."
Greed, selfishness, ignorance and ruthlessness also played their part, of course, but I think it would be foolish not to see the role that the drug played in creating the bubble. Herd mentality, which thrives during times of uncertainty, is certainly much more explicable when you factor in the trembling insecurity and depleted discernment that go hand in hand with a coke habit.
There is, I'm pleased to say, a happy ending to this sorry tale: my ex-colleagues and clients who still work in the Square Mile tell me that many City boys are now too scared to keep snorting the Bolivian marching powder. This may mean bankers are having less fun but, surely, it can only lead to a more restrained and sensible financial system.
Source:
by
Geraint Anderson
www.guardian.co.uk