South Korea says it will double its stockpile of the antiviral drug Tamiflu as bird flu spreads among poultry across the country. The office of President Lee Myung-bak said Saturday the government plans to store enough Tamiflu by the end of this year to treat 2.5 million people. Currently, South Korea has enough Tamiflu only for 1.23 million people. The country’s population is 48 million. Read more
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Just like Wall Street isn’t it? How to profit from the end of the world.
“Load up the pantry,” says Manu Daftary, one of Wall Street’s top investors and the manager of the Quaker Strategic Growth mutual fund. “I think prices are going higher. People are too complacent. They think it isn’t going to happen here. But I don’t know how the food companies can absorb higher costs.” Stocking up on food may not replace your long-term investments, but it may make a sensible home for some of your shorter-term cash. Do the math. If you keep your standby cash in a money-market fund you’ll be lucky to get a 2.5% interest rate.
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