As a scientist with a conscience, I am shocked almost every day by the uses that science has been put to on our planet in our present time. Science tells us that we have evolved as human beings from primates and then go on to make the assumption that this biological evolution is paralleled by cultural and social evolution. Indeed, science has given us the space program, laser, television, penicillin, sulfa drugs, and a host of other useful developments, which would seem to make our lives more tolerable and fruitful. However, we can also see that after three centuries of domination by science, it could be said that never before has man been so precariously poised on the brink of such total destruction. Why are so many scientists blind to this? Why aren't scientists - as a whole - standing up against the madness we see in the world around us?

The answer is that scientists, like any other group of people, come in all different shapes, sizes and with varying inner content in terms of conscience. I would like to give an example...

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Not a lot of change in the markets last week with the exception of long term interest rates in the United States (the ten-year Treasury up 25 basis points in two weeks). The widespread use of risky adjustable rate mortgages in the United States makes such interest rate increases potentially catastrophic.

What about the rest of the world? Well, nowadays, it's all tied together.

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