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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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Kocherlakota: Rates Could Go up in Late 2011

Written on April 02, 2011 by Japhet Writ

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After two years, Minneapolis Fed president - Narayana Kocherlakota - indicated that the central bank could raise the interest rates before the year ends.

Minneapolis Fed President, Narayana Kocherlakota, said in a Wall Street Journal interview last Thursday that the central bank could raise interest rates by the end of 2011. Since 2008, the Fed has kept interest rates to historic lows between 0% – 0.25%.

He expects the economy to grow about 3% this year. Narayana Kocherlakota also added that if the underlying inflation continues, the Fed will end its QE2 bond purchasing program by June.

If core inflation increases by 50 basis points over the year, the native response would be to raise the target rate more than the observed inflation. That said, there will be an additional of more than 0.5% for short-term interest rates.

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