« The Commercial Satellite Business Resumes Its Ascent Into OrbitMaking rockets and satellites may seem like an exciting space-age world where clever scientists test technology’s limits every day.
The reality is more mundane. Buyers of space gear are a lot like car buyers. They care most about reliability. To get it, customers will pay a higher price or forgo a high-tech doodad. They ask: Will your rocket carry my priceless satellite safely into orbit? Will your satellite operate for 15 years without a hitch?
Orbital Sciences () can usually answer...
May 10, 2007 at 7:19 am
· Filed under macroeconomy
U.K. readies for new credit cards
Credit card users in the U.K. will soon be able to tap a secure card reader, bypassing having to slide the credit card through a reader and sign a receipt. The wireless touch-and-go system will only be used for purchases of $20 and under starting in September. The payment method is quicker and may help process more transactions. Last year, according to banking figures, there were over 20 bil charges at about $20 or under in the U.K. The new cards will unveil in select locations.
1 in 10 American abused drugs
More than 10% of adults in the U.S. will abuse drugs such as marijuana, cocaine or amphetamines, at some point in their life, according to a National Institute of Health study. The study of more than 40,000 adults found that 10.3% abused and 2.6% became addicted to drugs at some point in their life. It also added that a small percentage of the abusers or addicted sought help. The NIH said that men were about twice as likely as women to be drug abusers and that problems were most frequent at 20 years old.
More than 2.1 mil American people were treated in emergency rooms for ladder-related injuries from 1990 through 2005. Overall, ladder-related injuries increased by more than 50% during the 16-year period, with broken bones the most common result, according to a study by the Center for Injury Research and Policy. “Ladders should be treated with the same respect and caution as any potentially dangerous tool, such as a power saw,” the study said.
The U.S. Army opened a new military-only resort in Virginia’s oceanfront for service people and families for affordable relaxation. The Virginia Beach facility is a 93-room set of bungalows. An Army official explained that the resort will offer rest and recuperation for war-weary soldiers.
Sales of solar panels dropped 78% in Calif. in the first 3 months of this year, with critics pinning the blame on state lawmakers, the L.A. Times reported. While the state offers tax breaks for going solar, a new law forces those customers to pay higher electric rates. Lawmakers say they intend to fix the glitch.
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Bid to cut NHS blunders that hit one in every 10 patients »THE NHS in Scotland must learn from the oil and nuclear industries to cut the tens of thousands of mistakes made each year when caring for patients, experts said yesterday.
It is estimated that 85,000 errors are made involving patients in Scotland each year, costing the NHS 200 million in extra time in hospital and compensation.
But experts believe this number could be cut in half with better monitoring and prevention systems put in place.
A new group - the Scottish Patient Safety Research...
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« Can Your Relationship Survive B-School?There’s a reason the MBA has earned a reputation as “the divorce degree.”
B-school students are typically older than other professional degree-seekers (27, on average), and a higher percentage (about one-third) are married or seriously committed. Some have children. That means applying to B-school, and then, to jobs, can be an emotional roller coaster for two. Combined with the financial strain of going from two paychecks to one (or none), the round-the-clock nature of a full-time...
May 4, 2007 at 2:59 am
· Filed under macroeconomy
Traffic could add to wind energy
Wind-harnessed energy may get a boost if a recent proposal at the Metropolis Next Generation Design Competition catches on. Researchers contend utilities could tap the energy of man-made wind, such as that created by moving cars, trains and subways. They proposed putting turbines near busy highways and using the energy generated to power nearby light-rail trains or homes. Also, since vehicle traffic is heaviest during the day, the wind turbines could boost energy supplies during peak demand times.
Drugs restore memory in mice
Scientists restored lost memories in Alzheimer’s-like mice by using a drug most commonly used to fight cancer. Researchers at MIT found that mice kept in unstimulating surroundings couldn’t remember tasks they learned before. When they were given a new type of cancer drug, they had much less trouble finding their way through mazes. Researchers believe cancer drugs may have stimulated genes crucial to learning memory in the rodents’ brains, and this result could give hope to human patients.
A home that is smaller than an SUV may help meet the growing demand for short-stay residences. A 76-square-foot Micro-Compact Home, or m-ch, designed at Technical Univ. in Munich, comes equipped with 2 double beds, a kitchen, bathroom, flat-screen TV and a table that seats 5. It’s being sold for $96,000 per cube, including delivery, in Europe. Technical Univ. students already live in the minihomes, and a small village is being developed for a site near Vienna, Austria.
Walking pace has increased 10% in the past decade, British researchers found. The psychologists studied walking speeds in 32 cities worldwide and correlated it to the city’s physical and social health. Singapore topped the list, while New York was 8th.
1 in 4 people are at risk of a stroke because of undiagnosed high blood pressure, BBC News reported. Thousands of people are unaware of their own blood pressure levels and have no idea high blood pressure increases the risk of having a stroke. Every 5 minutes someone in U.K. has a stroke; 40% of them could be prevented by the control of blood pressure.
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Chavez Threatens To Nationalize Banks »(AP)Venezuelan President Hugo Chavez on Thursday threatened to nationalize the country’s banks and largest steel producer, accusing them of unscrupulous practices.
“Private banks have to give priority to financing the industrial sectors of Venezuela at low cost,” Chavez said. “If banks don’t agree with this, it’s better that they go, that they turn over the banks to me, that we nationalize them and get all the banks to work for the development of the country...
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« EasyJet slams 'snake oil sellers' in offset marketEasyJet has warned that the carbon offsetting market is riddled with “snake oil salesmen” determined to make excessive profits from green-minded air passengers.
The low-cost airline has delayed the launch of an offsetting scheme for customers because of concerns over its cost. Instead, easyJet will go it alone by acquiring credits in UN-accredited schemes and selling them back to customers.
Carbon offsetting is one of the most popular means of atoning for CO2-generating activities...
April 30, 2007 at 8:09 pm
· Filed under macroeconomy
It doesn’t pay to be book smart
Even though those with higher IQs can navigate tests and academia better, researchers at Ohio State Univ. said they are often less wealthy. The study found higher IQs led to higher income, but those with higher IQs tend to have less wealth, as defined by total assets minus total debts. The researcher said the probability of missing bill payments rose with IQ, but that may be because smarter people have a better memory for missed payments.
E-mail viruses fade, but not hacks
By next year, more cyberattacks will be from Web hackers rather than from e-mail-based attacks such as viruses and Trojan horses, security firm Trend Micro said. The company said more advanced e-mail scanning software is the driving force behind the decline of e-mail attacks. Cyberattacks target vulnerability to operating systems, and there’s a growing market for those that can find the weakness. The firm said criminals offer up to $75,000 for a Windows XP flaw, 6 times what a security company will pay.
TV coverage of terror attacks increases viewers’ stress levels, a study of Americans’ dreams in the weeks before and after 9/11 suggested. Researchers at Merrimack College in Mass. analyzed the content of “dream journals” kept by students. The journals revealed the dreams after 9/11 were twice as likely to contain specific reference to 9/11. Participants who watched the most TV coverage of the attacks had higher stress levels.
80% of blogs contain offensive material, according to a ScanSafe report that defined a blog as offensive by one or more profane words. The study scanned 7 bil Web requests that ScanSafe’s corporate partners made. It also found that 6% of blogs contained malware, which could compromise corporate security.
A teenage girl who sends an average of 8,000 text messages a month to friends has been crowned the texting champion of the U.S. The teenager, Morgan Pozgar, 13, from Claysburg, Pa., was award the top prize of $25,000 by beating nearly 300 competitors. She had a text message speed of 42 seconds for a 151-character phrase.
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Housing Bubble — or Bunk? »Average national home prices haven’t dropped since the Great Depression. But with the recent frenzy in the real estate market, investors are wondering whether the market can keep up this pace. Residential property investors have seen bubbles rise and pop on local geographic levels in past years, but the debate continues over whether a nationwide bubble has materialized.
A countrywide meltdown in housing prices could have a profound affect on the economy, as more Americans invested in real...
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« Investment in clean energy doubled in 2006WASHINGTON, Jan. 25 (UPI) — Analysts at New Energy Finance say ew investments in clean energy substantially increased during 2006.
Both venture capital and private equity investments in companies involved with clean energy increased about 167 percent over the last year, the Energy Efficiency and Renewable Energy news network reported.
In 2005, investments were about $2.7 billion as opposed to $7.1 billion the previous year. Specifically the growth in investment in biofuels drove the...
February 22, 2007 at 1:32 am
· Filed under macroeconomy
Nearly 90% of CEOs are very confident about revenue growth over the next 12 months, which is twice as many compared with five years ago. PricewaterhouseCoopers’ Annual Global CEO Survey of 1,100 CEOs across 50 countries found that half of the CEOs are planning a cross-border merger or acquisition to help drive business growth. Despite overall optimism, CEOs foresee potential barriers to growth, with 73% citing overregulation as a concern, up from 64% a year ago, while half are worried about oil supplies, terrorism and political instability.
Fiber lowers breast cancer risk
Pre-menopausal women who eat 30 grams of fiber a day halve their breast cancer risk vs. those who eat less than 20 grams. University of Leeds researchers studied 35,000 women and found fiber affects the way the body processes and regulates the female hormone estrogen. The average person eats 12 grams of fiber a day, and to hit 30 grams, women need to eat high-fiber cereal, whole meal bread and 5 portions of fruits and vegetables a day.
Among students in kindergarten through 12th grade, carrots and fresh vegetables are getting more popular for lunch, while french fries are getting less so, the School Nutrition Association’s annual survey showed. In 2005, at least 17 states enacted some form of school nutrition legislation. Also, a New Jersey law requires school districts to ban candy and soda by next fall.
A British zoo announced that it succeeded in the virgin births of five Komodo dragons. DNA paternity tests confirm the lack of male input. Other reptile species reproduce asexually in a process known as parthenogenesis, but virginal conception of Komodo dragons was a first. Scientists hope the discovery will pave the way to finding other species capable of self-fertilization.
Gaining weight is not only bad for your health, but also your pocketbook, according to research conducted by 9 European countries. The study found that adding 10% of one’s body mass index which is a measurement of weight vs. height that determines obesity can reduce a man’s real earnings by 3.3% and a woman’s by 1.8%.
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Oil Prices Settles Above $60 a Barrel »Oil Prices Settles Above $60 a Barrel Oil Settles Above $60 a Barrel for the First Time in 2007 on Supply Concerns, Iran Tensions By J.W. ELPHINSTONE AP Business Writer The Associated Press
NEW YORK - Oil prices settled above $60 a barrel for the first time this year on Wednesday after a pipeline and oil field shut down and threatened to cut into supply. Increasing tensions over Iran’s uranium enrichment program also helped to boost prices.
Light, sweet crude for April delivery on the...
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« Stocks to Watch, Jan. 4: Hot Topic and MonsantoSAN FRANCISCOAmong the companies whose shares are expected to see active trade in Thursday’s session are Constellation Brands Inc., Hot Topic Inc. and Monsanto Co.
ΠΆ http://www.foxnews.com/business/personalfinance/investing/index.html
Arrow International Inc. () is expected to report earnings of 34 cents a share for the first quarter, according to analysts polled by Thomson First Call.
Constellation...
January 8, 2007 at 7:30 pm
· Filed under macroeconomy
Lung cancer surgery did nothing to end some smokers’ addictions, as almost half started smoking again within a year and others within 2 months of the operation. The Washington Univ. School of Medicine studied 154 patients, who had early-stage surgery to treat lung cancer, and said each gave up smoking before surgery. But the power of nicotine proved too strong, with those who quit at the last minute before surgery more prone to relapse.
Stress hits people of all cultures
About three-fourths of people in the U.S., Australia, Canada, France, Germany, Italy, S. Korea and the U.K. said they experience stress daily, according to an AP-Ipsos poll. 61% of Spaniards said they were stressed, while more than half of Mexicans said they rarely or never experience stress. Germans feel the most stressed among the nations polled, Americans cited financial pressures as the top worry. In most countries, men were less likely than women to be stressed daily and the British said they frequently felt life was beyond their control .
Embryonic stem cell research is proceeding despite a federal ban on it. N.J. will set aside $7 mil next year from state coffers to experiment on federally restricted stem cell lines. N.J. joins Calif., Conn., Ill. and Md. N.J. will also spend $3 mil on less controversial adult stem cell research and $270 mil on stem cell research facilities.
Cell phone alerts can deliver breaking news, sports scores and now, family planning. Women seeking to boost their odds of becoming pregnant are increasingly signing up on Web sites that can send out alerts via the Internet to notify them of their peak ovulation periods. In addition, some sites help women to schedule events in their lives, such as weddings and vacations, around their periods.
Cognitive ability can be kept longer and sharper if one is continually challenged, according to a team of researchers led by Pa. State Univ. Of seniors who participated, 87% showed immediate improvement in processing speed by trying to identify objects faster and faster. Other drills were with mnemonic devices and pattern recognition.
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Business Briefs - Thursday »Shares of the Hong Kong software maker, CDC, () jumped 12.7% to 9.37 after Raymond James & Associates and Oppenheimer initiated coverage on the company with positive ratings. Raymond James gave it an outperform rating with a price target of $12, contending the company is well-positioned to take advantage of Asia’s growing Internet services market. Oppenheimer issued a buy rating with a price target of $12, predicting that CDC will spin off its business units into 3 trading entities: CDC...
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« U.S. job market ends 2006 on bright noteNEW YORK: U.S. businesses added many more workers to their payrolls last month than economists expected, and workers’ pay rose at a healthy clip further evidence of strength in the job market despite a slowdown in the economy.
The U.S. Labor Department reported Friday that nonfarm employment grew by a seasonally adjusted 167,000 jobs in December, more than enough to absorb natural growth in the number of workers. The figures for October and November were revised upward as well. Wall Street...
January 6, 2007 at 12:30 pm
· Filed under macroeconomy
Stores in the Ginza district of Tokyo will begin beaming special offers and coupons to passers-by next month using a network tied to radio frequency identification tags. The tags and transmitters will identify a shopper’s location and transmit messages on nearby stores or products to the passer-by’s mobile phone or a special receiver that will be available to rent. Project developers said future systems will seek to target specific types of customers with tailored information. Visitors in Ginza also will be able to access local maps and tourist information in 5 languages transmitted through radio tags on street lamps.
Family gathering via virtual tech
The virtual family dinner system that allows scattered family members to dine together at different locations was developed by technology consulting firm Accenture. The system uses a video conferencing device. Users can see what’s on each other’s table when they interact. For example, when a family member who lives alone puts a meal on the table, the system’s software automatically finds family members who are wired and determines who might be available to join the dinner. Prototype would become available in about 2 years and cost up to $1,000 per household.
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Business Briefs - Monday »The pharmacy benefit manager offered $26 bil for the rival firm, topping a $25 bil takeover proposed last month by drugstore giant CVS. () Express Scripts () proposes to pay $29.25 in cash and 0.426 shares in Express Scripts for each share of Caremark Rx. () CVS offered 1.67 of its shares for each share in Caremark. The battle for Caremark could spark other mergers, analysts said. Caremark surged 10.5% to 55.58. Express Scripts climbed 1.9% to 69.97. CVS fell 1.7% to 30.01.
Biomet accepts $10.9...
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