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By Ralph Lopez
Psychiatrists have come forward to assert that certain psychiatric medications, such as those known as selective serotonin reuptake inhibitors (SSRIs), are almost certainly the chemical cause of a high number of instances of random violence and suicide in which SSRIs have been present.
The research challenges the pharmaceutical industry’s defense that the high correlation between random violence and the presence of these medications is due to the mental illness itself, not the drugs being prescribed for the illness. Other critics of the industry claim that drugs tend to be too aggressively marketed and over-prescribed.
The media has reported that the suspected shooter in the Sandy Hook multiple killings, Adam Lanza, was possibly on some form of psychiatric medication, perhaps related to a reported diagnosis of a form of autism, a developmental disorder that affects social and communication skills. Authorities have yet to make a statement on what, if any, p
By Pete Papaherakles
On December 19, UBS, a Swiss bank, agreed to pay an unprecedented $1.5B to United States, British and Swiss authorities as punishment for manipulating the London banking loan rate known as LIBOR, dwarfing the $450M fine paid by Barclays Bank in July. UBS became the second bank to settle criminal charges with one of the biggest fines in history.
LIBOR, which stands for the London Inter-Bank Offered Rate, is the rate at which the major banks of London are able to borrow money from one another. LIBOR is supposed to be an overall assessment of the health of the financial system. If the banks feel confident about the state of things, they offer a low interest rate. But if the member banks feel a low degree of confidence in the financial system, they report a higher rate. Member banks submit the rates at which they borrow to a regulating agency which then lops off the top 25% and the bottom 25% on the list and publishes the average of the remaining rates.