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Special Device Help Prevent Suddent Infant Death

Special Device Help Prevent Suddent Infant Death

Researchers from Germany's Fraunhofer Institute for Reliability and Microintegration IZM in Berlin has developed a new breathing sensor system that help prevent Sudden Infant Death Syndrome (SIDS). This syst...

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University Installs Grass Lawn in School Library

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Wash Your Clothes in a Portable Washing Machine [Video]

Wash Your Clothes in a Portable Washing Machine [Video]

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Fart-Deodorizing Underwear Sold in Japan

Fart-Deodorizing Underwear Sold in Japan

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Asian Markets down, Following Wall Street

Written on April 26, 2011 by Japhet Writ

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Due to Wall Street's weak earning yesterday, the Asian market also propelled down today.

Mixed US corporate earnings sent Asian economy lower last Tuesday, as traders waited for Federal Reserve’s updated insight on US economy. Japan’s Nikkei 225 index was down to 1.1%, while investors unload blue chip shares prior to the expected earning season. Moreover, South Korea’s Kospi dropped to 0.6%, while Hong Kong’s Hang Seng decreased to 1.1%. In addition to this, Mainland China’s Shanghai Composite Index lost 0.9%. Benchmarks in Taiwan, Philippines, Singapore and Indonesia were also depleted.

Furthermore, the Asian Development Bank says that world food prices surged by over 30% during the first two months of this year. A Manila-based lender reported last Tuesday that food inflation in many Asian economies has averaged 10% early this year, and this may continue due to global oil price hikes, production shortfalls caused by bad weather, and export restrictions. That said, this is a serious drawback for a region that has rapidly rebounded from the global economic crisis.

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