Monday, May 26, 2008
Diet Coke to Drop Additive
Coca-Cola is phasing out a controversial additive that has been linked to damage to DNA and hyperactivity in children. Sodium benzoate, also known as E211, is used to stop fizzy drinks going mouldy. Coca-Cola said it had begun withdrawing the additive from Diet Coke in January in response to consumer demand for more natural products. By the end of the year no can or bottle will contain E211.
Half of World's Population
The number of mobile phone users world soared to over 3.3 billion by the end of 2007, equivalent to a penetration rate of 49 percent, the International Telecommunications Union has said in a report.Africa showed the strongest gains over the past two years and more than two thirds of all mobile subscribers were from developing countries by the end of 2007, the ITU said. This is 'a positive trend that suggests that developing countries are catching up," the report said. Mobile subscription growth stood at 39 percent annually in Africa between 2005-2007, and 28 percent in Asia over the same period.India and China added 154 million and 143 million new subscribers respectively.
Thursday, May 22, 2008
Oil Soars To New Record
The price of oil hit a record high above $135 a barrel on Thursday - more than twice what it cost a year ago. The latest surge was driven by data showing that US supplies of crude had fallen - but the price later fell back sharply as traders took profits. In the US, the benchmark light, sweet crude contract hit $135.09, taking its gain for the year to more than 40%. In May 2007 it was priced at about $65.Higher oil prices push up the price of fuel, energy bills and food.
Tuesday, May 20, 2008
Bush Tells Middle East To Diversify Economy
The US President George W Bush has called on the governments of the Middle East to embrace “the entrepreneurial spirit” of their people as the path to economic prosperity and political reform. In a speech highlighting the growing importance of the region in the world economy, Mr Bush threw out a challenge he said would “lead the Middle East to its rightful place as a centre of progress and achievement”. While addressing the World Economic Forum in Sharm el Sheikh yesterday, he marked what could be his final visit to the region as president with a ringing endorsement of the free market economy.
Fed Auctions $75b
Working to relieve stressed credit markets, the Federal Reserve has auctioned another $75 billion in loans to squeezed banks, bringing the total to $510 billion since December. The central bank on Tuesday announced the results of its most recent auction — the 12th — since the program to help banks overcome credit problems started in December. It's part of an ongoing effort by the Fed to help ease the credit crunch, which erupted last August and hit a crisis point in March with the near collapse and forced sale of Bear Stearns, the nation's fifth-largest investment house, to JP Morgan Chase & Co. Housing, credit and financial problems have weighed heavily on the economy, sharply slowing its growth.
Saturday, May 17, 2008
Oil Hits New Record
World oil prices jumped to a fresh record of almost $128 a barrel today on the back of a weaker dollar, fears over a shortage of diesel and a bullish price prediction from Goldman Sachs. A sharp rise in the value of shares in oil companies across the world also helped stock markets to rise to their highest levels in four months. Goldman, which for some years have predicted that oil prices would rise strongly, upped its forecast for oil prices to an average of $141 a barrel in the second half of the year, up from its previous forecast for $107.
Friday, May 16, 2008
Bush Sees Calls For Iran...
U.S. President George W. Bush on Thursday decried his critics' calls for negotiations with Iranian President Mahmoud Ahmadinejad as comparable to the appeasement of Adolf Hitler before World War Two.Bush's comment in a speech to Israel's parliament appeared to be a swipe at Democratic presidential frontrunner Barack Obama, who has advocated meeting leaders of traditional U.S. foes such as Iran and Cuba without preconditions
McCain Predicts Iraq War...
Sen. John McCain envisions that by 2013, the Iraq war will be won, but the threat from the Taliban in Afghanistan won't be eliminated, even though Osama bin Laden will have been captured or killed. The presumptive Republican presidential nominee made both statements in a speech in which he envisions the state of affairs at the end of his first term if he is elected president
Portion Size, Then and Now
Over the past few decades, portion sizes of everything from muffins to sandwiches have grown considerably. Unfortunately, America’s waistbands have reacted accordingly. In the 1970s, around 47 percent of Americans were overweight or obese; now 66 percent of us are. In addition, the number of just obese people has doubled, from 15 percent of our population to 30 percent. While increased sizes haven’t been the sole contributor to our obesity epidemic, large quantities of cheap food have distorted our perceptions of what a typical meal is supposed to look like.
Wednesday, May 14, 2008
April Foreclosures Hit New High
U.S. home foreclosure filings in April edged up from March and were a whopping 65 percent higher than a year earlier, real estate data firm RealtyTrac said on Wednesday. Home foreclosure filings in April totaled 243,353, up 4 percent from March, RealtyTrac, an online market of foreclosure properties, said in its U.S. Foreclosure Market Report. The figure is a total of default notices, auction sale notices and bank repossessions.
Wednesday, May 7, 2008
Abuse Changes Brain...
Suicide victims who were abused as children have clear genetic changes in their brains, Canadian researchers reported on Tuesday in a finding they said shows neglect can cause biological effects. The findings offer potential ways to find people at high risk of suicide, and perhaps to treat them and prevent future suicides. And, the researchers said, they also offer insights into how neglect and abuse can perpetuate unhealthy behavior through the generations. Moshe Szyf of McGill University in Montreal and colleagues studied the brains of 18 men who committed suicide and who were also abused or neglected as children, and compared them to 12 men who also died suddenly but from other causes, and who were not abused, although some had various psychiatric problems such as anxiety disorders
Tuesday, May 6, 2008
US Should Bomb Iranian Camps
Mr Bolton said that striking Iran would represent a major step towards victory in Iraq. While he acknowledged that the risk of a hostile Iranian response harming American’s overseas interests existed, he said the damage inflicted by Tehran would be “far higher” if Washington took no action.
Monday, May 5, 2008
Income of Canadians
Median after-tax income rose slightly for most Canadian families in 2005, and remained stable for unattached individuals, according to new data from the Survey of Labour and Income Dynamics The median after-tax income for Canadian families with two or more people rose 1.6% from 2004 to $56,000, after adjusting for inflation. This increase in after-tax income came on the heels of a 1.3% gain in 2004.