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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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US Stock Market Dropped and Oil Price Hikes as Libya Protest Intensifies

Written on February 23, 2011 by Japhet Writ

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Stocks fell sharply last Tuesday and oil prices spiked, as investors became worried about increasingly violent protests in Libya.

Last Tuesday, the US stock market sharply dropped while oil price increased due to intensifying protests in Libya. Oil price rose to $95 per barrel after the revolt threatened the oil production in the country. The fall of stock market and the oil price hike worries traders that the protests in Libya will spread to other oil-rich countries.

In addition to this, Airline companies are concerned that the oil price hike could lead to higher fuel cost. According to Alan Gayle, senior investment strategist at RidgeWorth Investments, “This puts a damper on consumer optimism, which is really critical at this stage of the recovery.”

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