epa says greenhouse gases imperil health

NYTimes | The Environmental Protection Agency on Monday issued a final ruling that greenhouse gases posed a danger to human health and the environment, paving the way for regulation of carbon dioxide emissions from vehicles, power plants, factories, refineries and other major sources.

The announcement was timed to coincide with the opening of the United Nations conference on climate change in Copenhagen, strengthening President Obama’s hand as more than 190 nations struggle to reach a global accord.

The E.P.A.’s administrator, Lisa P. Jackson, said that a 2007 decision by the Supreme Court required the agency to weigh whether carbon dioxide and five other climate-altering gases threatened human health and welfare and, if so, to take steps to regulate them.

She said Monday that the finding was driven by the weight of scientific evidence that the planet was warming and that human activity was largely responsible.

“There have and continue to be debates about how and how quickly climate change will happen if we fail to act,” Ms. Jackson said at a news conference at the E.P.A.’s headquarters. “But the overwhelming amounts of scientific study show that the threat is real.”

Industry groups quickly criticized the decision, saying that the regulation of carbon dioxide, a near-ubiquitous substance, would be legally and technically complex and would impose huge costs across the economy.

from the mind of apple daily....,

americans waste 40% of available food supply

LiveScience | U.S. residents are wasting food like never before. While many Americans feast on turkey and all the fixings, a new study finds food waste per person has shot up 50 percent since 1974. Some 1,400 calories worth of food is discarded per person each day, which adds up to 150 trillion calories a year.

The study finds that about 40 percent of all the food produced in the United States is tossed out.

Meanwhile, while some have plenty of food to spare, a recent report by the Department of Agriculture finds the number of U.S. homes lacking "food security," meaning their eating habits were disrupted for lack of money, rose from 4.7 million in 2007 to 6.7 million last year.

About 1 billion people worldwide don't have enough to eat, according to the World Food Program.

Growing problem
The new estimate of food waste, published in the journal PLoS ONE, is a relatively straightforward calculation: It's the difference between the U.S. food supply and what's actually eaten, which was estimated by using a model of human metabolism and known body weights.

The result, from Kevin Hall and colleagues at the National Institute of Diabetes and Digestive and Kidney Diseases, is about 25 percent higher than similar estimates made in recent years.

Last year, an international group estimated that up to 30 percent of food — worth about $48.3 billion — is wasted each year in the United States. That report concluded that despite food shortages in many countries, plenty of food is available to feed the world, it just doesn't get where it needs to go.

Previous calculations were typically based on interviews with people and inspections of garbage, which Hall's team figures underestimates the waste.

reserves are bunk

ResourceInsights |The claims that the United States has 100 years of recoverable natural gas as a result of the newly accessible shale basins has no meaning without attaching a price to it. The fact that major shale gas producers have trimmed their active drilling fleets to a fraction of what they were during the 2008 boom in natural gas prices proves that price is a critical factor in determining whether to drill. And, where there is no drilling, there are no additions to reserves. The natural gas market has shown itself to be highly volatile which has not surprisingly led to wide swings in natural gas drilling. The notion that somehow there will be a consistent accretion of natural gas reserves from year to year or that all discoveries from previous years will still be considered reserves in a low-price environment is pure bunkum. The same logic applies to oil discoveries. But these days no one is claiming the United States has enough oil left to supply the entire country for 100 years. And, so hype about oil reserves is less of an issue.

The upshot is that expected cash flow determines what areas will be drilled, not the size of potential reserves. Most companies won't drill a prospect unless they believe they can get their money back within two to three years, Doyle says. If it takes four or five years, the prospect is not very attractive. Cash flow is king.

It turns out that the NPV of the first three years of cash flow from my hypothetical well mentioned above is $1,556,112, only about half of the initial investment. Most companies would or should pass on such a prospect, and it would therefore never become part of anyone's reserves, he explains. Part of the hype over shale gas has to do with the claim that the wells may be very long-lived, he adds. Even if that turns out to be true--not a certainty as of now--the low flow rates expected after the initial burst of production and the distant payoffs would actually work against any decision to drill such wells. No wells, no reserves.

Doyle says that given modern technology, oil and natural gas are easier to find than ever before. But he doesn't believe that in North America at least, there is that much more to find. He thinks that shale gas in North America my indeed prove to be plentiful. But it will not be both plentiful and cheap.

And, of course, if we succeed at expanding natural gas production to meet the needs of a new natural gas-powered vehicle fleet--an idea advocated by one of the leading producers of shale gas--and expand other current uses such as the generation of electricity, we can expect that natural gas prices will soar. That may provide the necessary incentive (i.e. cash flow) to extract the shale gas that lies below the American landscape. But it will also certainly mean that the 100 years of supply that has been so frequently touted in the media will rapidly shrink to perhaps 30 or 40, and that the peak in production will come much sooner.

A peak in natural gas production in, say, 20 years would not exactly be a useful talking point for those advocating the wholesale conversion of key parts of the U. S. economy to run on natural gas. Just as we would be finishing such a conversion, we could find ourselves on the downslope of the natural gas production curve and faced with the urgent need to adapt our costly and newly completed natural gas infrastructure to run on some other energy source.

police tapped sprint gps data 8 million times this year

TPM | Under a new system set up by Sprint, law enforcement agencies have gotten GPS data from the company about its wireless customers 8 million times in about a year, raising a host of questions about consumer privacy, transparency, and oversight of how police obtain location data.

What this means -- and what many wireless customers no doubt do not realize -- is that with a few keystrokes, police can determine in real time the location of a cell phone user through automated systems set up by the phone companies.

And while a Sprint spokesman told us customers can shield themselves from surveillance by simply switching off the GPS function of their phones, one expert told TPM that the company and other carriers almost certainly have the power to remotely switch the function back on.

To be clear, you can think of there being two types of GPS (global positioning system). One is the handy software on your mobile device that tells you where you are and helps give driving directions. But there's also GPS capability in all cell phones sold today, required by a federal regulation so if you dial 911 from an unknown location, authorities can find you.

Sprint says the 8 million requests represent "thousands" of individual customers -- it won't say how many exactly -- and that the company follows the law. It's not clear, however, if warrants are always needed, or whether they have been obtained by police for all the cases.

that climate change email

NYTimes | The theft of thousands of private e-mail messages and files from computer servers at a leading British climate research center has been a political windfall for skeptics who claim the documents prove that mainstream scientists have conspired to overstate the case for human influence on climate change.

They are using the e-mail to blast the Obama administration’s climate policies. And they clearly hope that the e-mail will undermine negotiations for a new climate change treaty that begin in Copenhagen this week.

No one should be misled by all the noise. The e-mail messages represent years’ worth of exchanges among prominent American and British climatologists. Some are mean-spirited, others intemperate. But they don’t change the underlying scientific facts about climate change.

One describes climate skeptics as “idiots,” another describes papers written by climate contrarians as “garbage” and “fraud.” Still another suggests that the United Nations’ Intergovernmental Panel on Climate Change, whose 2007 report concluded that humans were the dominant force behind global warming, should pay no attention to contrarian opinions.

Another quotes an exasperated Phil Jones — director of the climate center at the University of East Anglia, from which the e-mail was stolen — as expressing the hope that climate change would occur “regardless of the consequences” so “the science could be proved right.”

However, most of the e-mail messages — judging by those that have seen the light of day — appear to deal with the painstaking and difficult task of reconstructing historical temperatures, and the problems scientists encounter along the way. Despite what the skeptics say, they demonstrate just how rigorously scientists have worked to figure out whether global warming is real and the true role that human activities play.

The controversy isn’t over. James Inhofe, the Senate’s leading skeptic, has asked for an inquiry into what some are calling “Climategate.” And on Friday, Rajendra Pachauri, chairman of the United Nations’ intergovernmental panel, announced that he would conduct his own investigation.

It is important that scientists behave professionally and openly. It is also important not to let one set of purloined e-mail messages undermine the science and the clear case for action, in Washington and in Copenhagen.

jared diamond disappoints....,

NYTimes | THERE is a widespread view, particularly among environmentalists and liberals, that big businesses are environmentally destructive, greedy, evil and driven by short-term profits. I know — because I used to share that view.

But today I have more nuanced feelings. Over the years I’ve joined the boards of two environmental groups, the World Wildlife Fund and Conservation International, serving alongside many business executives.

As part of my board work, I have been asked to assess the environments in oil fields, and have had frank discussions with oil company employees at all levels. I’ve also worked with executives of mining, retail, logging and financial services companies. I’ve discovered that while some businesses are indeed as destructive as many suspect, others are among the world’s strongest positive forces for environmental sustainability.

The embrace of environmental concerns by chief executives has accelerated recently for several reasons. Lower consumption of environmental resources saves money in the short run. Maintaining sustainable resource levels and not polluting saves money in the long run. And a clean image — one attained by, say, avoiding oil spills and other environmental disasters — reduces criticism from employees, consumers and government.

What’s my evidence for this? Here are a few examples involving three corporations — Wal-Mart, Coca-Cola and Chevron — that many critics of business love to hate, in my opinion, unjustly.

the rise and fall of myspace

FT | To say MySpace was a hot property back in 2005 is something of an understatement. Its rapidly expanding tribe of users had attracted the attention of other potential buyers. Viacom, for one, a rival media conglomerate that owns companies such as Paramount Pictures and Comedy Central, was eyeing it as a vehicle to revive its flagging MTV channel, a similarly youth-oriented brand.

But Murdoch got there first and the resulting $580m deal transformed his image at a stroke. The curmudgeonly media baron, whose achievements included breaking the Fleet Street printing unions and launching the conservative Fox News cable channel, had re-invented himself as a 21st-century internet hipster. It took Wall Street a few months to appreciate the magnitude of the deal but the purchase slowly began to imbue News Corp with an almost priceless commodity it had lacked: cool.

Millions of teenagers across the world adored MySpace, spending hours every day connecting with each other online and fine-tuning ­personal profile pages that reflected their tastes and personalities. News Corp had new-found cultural cachet thanks to them – and to the popularity of MySpace with new filmmakers and musicians such as the Arctic Monkeys and Lily Allen, who became sensations on the site, releasing songs to fans before their first albums appeared.

Months after the acquisition, Murdoch had another reason to feel pleased: MySpace signed a three-year advertising contract with Google worth $900m – effectively paying for News Corp’s purchase. Google bought the right to become a fixture within the MySpace site, enabling it to display its text adverts to the network’s millions of users. This prize was highly contested, with Yahoo and Microsoft falling over themselves to win the business before Google triumphed. Larry Page and Sergey Brin, the ­founders of the search engine, flew in by helicopter to seal the deal at a starry News Corp retreat at Pebble Beach where the guests included Bono and Tony Blair.

"they" call it pollution, "we" call it life...,

RawStory | A group promoting skepticism over widely-accredited climate change science has a web of connections to influential oil giant Exxon-Mobil, Raw Story has found.

The organization is called the Nongovernmental International Panel on Climate Change (NIPCC), apparently named after the UN coalition International Panel on Climate Change (IPCC). An investigation into the group reveals its numerous links to Exxon-Mobil, a vehement opponent of climate legislation and notorious among scientists for funding global warming skeptics.

"Exxon-Mobil essentially funds people to lie," Joseph Romm, lauded climate expert and author of the blog Climate Progress, told Raw Story. "It's important for people to understand that they pay off the overwhelming majority of groups in the area of junk science."

The NIPCC's signature report, "Climate Change Reconsidered," disputes the notion that global warming is human-caused, insisting in its policy summary that "Nature, not human activity, rules the planet." Many of its assertions have been challenged by, among others, the scientists' blog RealClimate.

The report was released and promoted this summer by the Heartland Institute, a think tank that claims to support "common-sense environmentalism" as opposed to "more extreme environmental activism." It alleges that "Global warming is a prime example of the alarmism that characterizes much of the environmental movement."
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One hopes that trial lawyers will finally penetrate big oil's vulnerabilities much as they managed to do with big tobacco......,

the story of cap and trade

The Story of Cap & Trade is a fast-paced, fact-filled look at the leading climate solution being discussed at Copenhagen and on Capitol Hill. Host Annie Leonard introduces the energy traders and Wall Street financiers at the heart of this scheme and reveals the "devils in the details" in current cap and trade proposals: free permits to big polluters, fake offsets and distraction from whats really required to tackle the climate crisis. If youve heard about Cap & Trade, but arent sure how it works (or who benefits), this is the film is for you.

fossil fuel equivalence...,

BBC | How much electricity does the average British family of four use in a day?

To find out, BBC's Bang Goes the Theory attempts to power a house for an entire day solely through human pedal power, while an unsuspecting family inside go about their normal Sunday routine.

in e-mails, science of warming is hot debate

WaPo | It began with an anonymous Internet posting, and a link to a wonky set of e-mails and files. Stolen, apparently, from a research center in Britain, the files showed the leaders of climate-change science discussing flaws in their own data, and seemingly scheming to muzzle their critics.

Now it has mushroomed into what is being called "Climate-gate," a scandal that has done what many slide shows and public-service ads could not: focus public attention on the science of a warming planet.

Except now, much of that attention is focused on the science's flaws. Leaked just before international climate talks begin in Copenhagen -- the culmination of years of work by scientists to raise alarms about greenhouse-gas emissions -- the e-mails have cast those scientists in a political light and given new energy to others who think the issue of climate change is all overblown.

The e-mails don't say that: They don't provide proof that human-caused climate change is a lie or a swindle.

But they do raise hard questions. In an effort to control what the public hears, did prominent scientists who link climate change to human behavior try to squelch a back-and-forth that is central to the scientific method? Is the science of global warming messier than they have admitted?

The stolen electronic files include more than 1,000 e-mails and 3,000 documents, all taken from servers at the Climatic Research Unit, a world-famous center at the University of East Anglia in Britain.

Phil Jones, the unit's director, wrote a colleague that he would "hide" a problem with data from Siberian tree rings with more accurate local air temperature measurements. In another message, Jones talks about keeping research he disagrees with out of a U.N. report, "even if we have to redefine what the peer-review literature is!"

Since then, Jones has stepped down temporarily. And Pennsylvania State University is exploring whether the e-mails, some of which were written by one of its professors, Michael Mann, warrant an investigation. In an interview, Mann said he is confident that neither he nor any of the other researchers whose e-mails were pirated "did anything improper."

But recent debate -- some scientists say the Earth hasn't warmed as predicted over the past 10 years -- show that climate science is still science, with researchers drawing different lessons from the same data. The problem is that it plays out before an audience that won't wait for certainty.

cia authorized to expand use of drones in pakistan

NYTimes | Two weeks ago in Pakistan, Central Intelligence Agency sharpshooters killed eight people suspected of being militants of the Taliban and Al Qaeda, and wounded two others in a compound that was said to be used for terrorist training.

Then, the job in North Waziristan done, the C.I.A. officers could head home from the agency’s Langley, Va., headquarters, facing only the hazards of the area’s famously snarled suburban traffic.

It was only the latest strike by the agency’s covert program to kill operatives of Al Qaeda, the Taliban and their allies using Hellfire missiles fired from Predator aircraft controlled from half a world away.

The White House has authorized an expansion of the C.I.A.’s drone program in Pakistan’s lawless tribal areas, officials said this week, to parallel the president’s decision, announced Tuesday, to send 30,000 more troops to Afghanistan. American officials are talking with Pakistan about the possibility of striking in Baluchistan for the first time — a controversial move since it is outside the tribal areas — because that is where Afghan Taliban leaders are believed to hide.

By increasing covert pressure on Al Qaeda and its allies in Pakistan, while ground forces push back the Taliban’s advances in Afghanistan, American officials hope to eliminate any haven for militants in the region.

One of Washington’s worst-kept secrets, the drone program is quietly hailed by counterterrorism officials as a resounding success, eliminating key terrorists and throwing their operations into disarray. But despite close cooperation from Pakistani intelligence, the program has generated public anger in Pakistan, and some counterinsurgency experts wonder whether it does more harm than good.

hamid mir on the war in pakistan

are american drone attacks counterproductive?

Der Spiegel | SPIEGEL: Since you are already letting the US carry out its drone attacks against militants on Pakistani territory along the border with Afghanistan, why don't you let them help you with soldiers on Pakistani territory?

Part 2: We Need Huge Public Support to Combat Terrorism
Gilani: We haven't stopped them from helping us. In fact, we have a multi-dimensional cooperation with the United States, including defense and intelligence, but also economics, trade, development, health education and even in cultural affairs. But these drone attacks are counterproductive.

SPIEGEL: Really? The leader of the Pakistani Taliban, Baitullah Mehsud, was killed by an American drone. Don't you call this a success?

Gilani: The political and the military leadership have been very successful in isolating the militants from the local tribes. But once there is a drone attack in their home region, they get united again. This is a dangerous trend, and it is my concern and the concern of the army. It is also counterproductive in the sense that it is creating a lot of anti-American sentiment all over the country. But in order to fight the militants in Waziristan, we have to carry the public with us. One cannot go into any war without the support of the masses. We need huge public support to combat terrorism. But we do not get that if there is American interference, which we do not ask for.

SPIEGEL: But no matter what the Americans do, there will always be anti-American sentiment.

Gilani: Right now, the whole nation is supporting our military action because they feel that terrorism is a menace.

arming goldman with pistols against the public

Bloomberg | “I just wrote my first reference for a gun permit,” said a friend, who told me of swearing to the good character of a Goldman Sachs Group Inc. banker who applied to the local police for a permit to buy a pistol. The banker had told this friend of mine that senior Goldman people have loaded up on firearms and are now equipped to defend themselves if there is a populist uprising against the bank.

I called Goldman Sachs spokesman Lucas van Praag to ask whether it’s true that Goldman partners feel they need handguns to protect themselves from the angry proletariat. He didn’t call me back. The New York Police Department has told me that “as a preliminary matter” it believes some of the bankers I inquired about do have pistol permits. The NYPD also said it will be a while before it can name names.

While we wait, Goldman has wrapped itself in the flag of Warren Buffett, with whom it will jointly donate $500 million, part of an effort to burnish its image -- and gain new Goldman clients. Goldman Sachs Chief Executive Officer Lloyd Blankfein also reversed himself after having previously called Goldman’s greed “God’s work” and apologized earlier this month for having participated in things that were “clearly wrong.”

Has it really come to this? Imagine what emotions must be billowing through the halls of Goldman Sachs to provoke the firm into an apology. Talk that Goldman bankers might have armed themselves in self-defense would sound ludicrous, were it not so apt a metaphor for the way that the most successful people on Wall Street have become a target for public rage.

Pistol Ready

Common sense tells you a handgun is probably not even all that useful. Suppose an intruder sneaks past the doorman or jumps the security fence at night. By the time you pull the pistol out of your wife’s jewelry safe, find the ammunition, and load your weapon, Fifi the Pomeranian has already been taken hostage and the gun won’t do you any good. As for carrying a loaded pistol when you venture outside, dream on. Concealed gun permits are almost impossible for ordinary citizens to obtain in New York or nearby states.

In other words, a little humility and contrition are probably the better route.

worse than enron?

Common Dreams | Enron was the financial scandal that kicked off the decade: a giant energy trading company that appeared to be doing brilliantly-until we finally noticed that it wasn't. It's largely been forgotten given the wreckage that followed, and that's too bad: we may be repeating those mistakes, on a far larger scale.

Specifically, as the largest Wall Street banks return to profitability-in some cases, breaking records-they say everything is rosy. They're lining up to pay back their TARP money and asking Washington to back off. But why are they doing so well? Remember that Enron got away with their illegalities so long because their financials were so complicated that not even the analysts paid to monitor the Houston-based trading giant could cogently explain how they were making so much money.

After two weeks sifting through over one thousand pages of SEC filings for the largest banks, I have the same concerns. While Washington ponders what to do, or not do, about reforming Wall Street, the nation's biggest banks, plumped up on government capital and risk-infused trading profits, have been moving stuff around their balance sheets like a multi-billion dollar musical chairs game.

I was trying to answer the simple question that you'd think regulators should want to know: how much of each bank's revenue is derived from trading (taking risk) vs. other businesses? And how can you compare it across the industry-so you can contain all that systemic risk? Only, there's no uniformity across books. And, given the complexity of these mega-merged firms, those questions aren't easy to answer.

Goldman Sachs and Morgan Stanley, for example, altered their year-end reporting dates, orphaning the month of December, thus making comparison to past quarterly statements more difficult. In the cases of Bank of America, Citigroup and Wells Fargo, the preferred tactic is re-classification and opaqueness. These moves make it virtually impossible to get an accurate, or consistent picture of banks ‘real money' (from commercial or customer services) vs. their ‘play money' (used for trading purposes, and most risky to the overall financial system, particularly since much of the required trading capital was federally subsidized).

Trading profitability, albeit inconsistent and volatile, is the quickest way back to the illusion of financial health, as these banks continue to take hits from their consumer-oriented businesses. But, appearance doesn't equal stability, or necessarily, reality. Here's how BofA, Citi and Wells Fargo play the game:

dubai and abu dhabi

NYTimes | Dubai is seen as the brash, secular upstart of the seven emirates, and Abu Dhabi is known as the religious and conservative big brother. Tensions between the two are common, but when reporters questioned Sheik Mohammed of Dubai about problems last week, he told them to “shut up.”

Nevertheless, the debt crisis of the last few days has fed the speculation that Abu Dhabi would impose conditions for any bailout, including a stake in prominent Dubai enterprises like Emirates Airlines. Officials of the federation have rejected those rumors.

The United Arab Emirates’ central bank said in a statement Sunday that it would stand behind foreign and domestic banks operating in the emirates. It did not mention Dubai World, which is $59 billion in debt.

Analysts said the statement would not be enough to allay fears that the Dubai government could default on part of its sovereign debt.

Still, as fear from Dubai’s debt crisis circled the globe, an unaccustomed quiet settled here at the center of the storm.

Foreign bankers and other professionals here are simmering in anxiety as the world talks about Dubai like a bad seed of the global economy.

“A lot of people are pretty freaked out,” said one American businessman with long experience in the region, who spoke on condition he not be identified for fear of repercussions. “They’re all watching CNN and going: ‘Is Dubai going to default?’ ”

Many in Dubai have a different perspective.

“Dubai is a victim of media distortion,” wrote one reader to a Web forum of one of the emirates’ most popular newspapers. “All the Western countries have ganged up on Dubai. Why? Because it has succeeded.”

Another reader wrote, “This is all because of jealousy from the Western world,” adding that “Dubai has been at the forefront of development in the Arab world.”

Many Dubai citizens seem inclined to dismiss all talk of tension among the emirates, saying that they are not worried about their country’s future.

“Only a few decades ago, this country was nothing, just a desert,” said Thani al-Falaasi, a 31-year-old Emirati businessman who was shopping Sunday with a friend in the Dubai Mall. Referring to Dubai’s leader, Sheik Mohammed, he said: “He built it up. Even if there is a crisis, he can solve it. We have great confidence in him.”

inequality as u.s. policy since 1979

Post Autistic Economics Review | Since the end of the 1970s, the United States has seen a dramatic increase in economic inequality. While the United States has long been among the most unequal of the world’s rich economies, the economic and social upheaval that began in the 1970s was a striking departure from the movement toward greater equality that began in the Great Depression, continued through World War II, and was a central feature of the first 30 years of the postwar period.

Despite the magnitude of the rise in inequality, the political discourse in the United States refers only obliquely to these developments. The public debate generally acknowledges neither the scale of the increase in inequality nor, except in the most superficial way, the causes of this sudden and sustained turn of events.

This short essay seeks to provide an alternative view of the postwar period in the United States, particularly of the last three decades. My argument is that the high and rising inequality in the United States is the direct result of a set of policies designed first and foremost to increase inequality. These policies, in turn, have their roots in a significant shift in political power against workers and in favor of their employers, a shift that began in the 1970s and continues through today.

The first section of the paper briefly documents the size of the rise in U.S. inequality and puts this change into historical context. The second section sketches an explanation for rising inequality, one that differs from the deeply rooted, but poorly articulated vision that lurks just below the surface of polite political discourse in the United States. The final section focuses on an important part of inequality in the United States that does not receive the attention it deserves.

addicted to happy endings...,

Bloomberg | Boehringer Ingelheim GmbH is banking on sex really being all in women’s heads.

The German drugmaker is putting the finishing touches on a pill designed to reawaken desire by blunting female inhibitions. Unlike Viagra, which targets the mechanics of sex by boosting blood flow to the penis, this drug works on the brain.

The desire drug, the focus of a meeting on sexual disorders in Lyon next week, has the potential to revolutionize sexual medicine much as Pfizer Inc.’s blue pill did a decade ago. That could put family-owned Boehringer at the center of a debate about whether the medicine is a chemical shortcut around a complex dysfunction involving body and mind -- or whether disinterest in sex is a legitimate medical condition.

“This drug has the potential to finally open the door to acceptance of the idea that decreased desire can be something that involves a dysfunctional way the brain works, and not only a bad partner,” said Jim Pfaus, a neurologist at Concordia University in Montreal, who conducted early tests of the drug in rats. “Of course it’s in your head.”

The U.S. market for medicines to rekindle female libido could be bigger than the $2 billion a year in U.S. sales for erectile dysfunction treatments because more women report sexual problems, BioSante Pharmaceuticals Inc. Chief Executive Officer Stephen Simes estimated last year.