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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

University Installs Grass Lawn in School Library

Cornell University has built a grass lawn inside their school library as a part of a project of their institution's Department of Design and Environmental Analysis. The department is currently conducting a r...

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Wash Your Clothes in a Portable Washing Machine [Video]

Wash Your Clothes in a Portable Washing Machine [Video]

Meet, the Scrubba, a portable washing machine, in form of a bag. This wash bag, allows people to do their laundry, on-the-go. The Scrubba is a lightweight, foldable bag that features small nodules to help sc...

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Fart-Deodorizing Underwear Sold in Japan

Fart-Deodorizing Underwear Sold in Japan

Thanks to Japan's new invention, the Deoest underwear, extreme farters can now release their foul smelling gas and prevent people near them from fainting. It is a fart-deodorizing underwear, created by Profe...

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Household Wealth Climbs to $1.2 Trillion

Written on December 12, 2010 by Japhet Writ

2 persons

Americans got richer in the third quarter even as home values hit the skids after more than a year of increases. According to the Federal Reserve's Flow of Funds report, net worth for households and individuals climbed $1.2 trillion.

Although home values hit the skids, net worth for households and individuals climbed to $1.2 Trillion, or 2%, in the third quarter. The growth returned with the help of higher stock values, and with the S&P rising to 11% after its 12% downfall in the second quarter. The corporate equities also jumped to $939 Billion, while mutual fund shares gained $378 Billion. Meanwhile, liabilities fell at $7.6 Billion in the third quarter, in line to a $64 Billion drop in home mortgages due to $22 Billion gain in consumer credit.

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