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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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Gang of Six Takes Lead to Cut Debt

Written on March 09, 2011 by Japhet Writ

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Instead of thinking how much spending should be cut over the next seven months, why not focus on long-term solutions?

While lawmakers are continuously banging their heads on how much spending should be cut for the next seven months, the Gang of Six keeps on pointing out where it really belongs. The Gang of Six, a small group of senators from both Republican and Democratic parties, took charge in leading a bipartisan plan to reduce national debt.

Based on their proposal, a threshold must be set for spending and revenue, tax code must be overhauled, health care and defense spending must be reduced, and Social Security must be made solvent for the next 75 years. If the said proposals will be implemented, a $4 million cut from the national debt in just over a decade.

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The Economy Continues to Improve

Written on February 07, 2011 by Japhet Writ

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Though the US stock is deemed to struggle in the coming days, last week's reports indicate steady improvement as it goes.

With a little economic data at hand and few top-tier company set to release quarterly reports, stocks could struggle for direction in the coming weeks. But with the US economy continuously improving, the investors remain bullish for this year’s stock outlook.

Last week, the Dow Jones held its spot above the 12,000 level while S&P 500 closed above 1,300 points. And not to be outdone, the Nasdaq also rose to heights last week. These gains came from strong manufacturing data that was released last Tuesday, stealing the spotlight from the Labor Department’s payroll reports on Friday.

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Tax Deal Alleviates Senate’s Hurdle

Written on December 14, 2010 by Japhet Writ

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The final Senate approval for Bush Tax Cuts extension, as well as unemployment benefits and the payroll tax cut could come as early as today. Will these new packages help the US economy?

Last Monday, the hotly debated tax deal negotiated by President Barack Obama and the Republican leaders cleared a key Senate procedural hurdle. It can be expected that the final Senate approval will come as early as today. The package to extend the Bush Tax Cuts for two more years, as well as the unemployment benefits for additional 13 months, and cutting the payroll tax by two percent for a year already received a nod from the Senate. That being said, Obama is urging the House to pass it quickly despite the fact that both sides of the political spectrum are unhappy.

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Investors Care Most About Bush Tax Cuts

Written on December 06, 2010 by Japhet Writ

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"There aren't a whole lot of catalysts that will push stocks materially higher from here, but one thing that could serve as a real positive is if we see Congress extend all the tax rates." ---Dorsey Farr, French Wolf & Farr co-founder.

The additional 39,000 jobs last November are fewer than what the economists are hoping for. The employment rate also rose to 9.8%, a proof that the current US economy is still weak. However, stock investors are more focused on Washington policies such as the Bush Tax Cuts.

Investors are hoping that the current tax rates for all Americans will be extended. According to the French Wolf & Farr co-founder, Dorsey Farr, the stocks will be pushed materially higher if the Congress extends all the tax rates. The current structure of the Bush Tax Cuts will expire by the end of the year. And when no extension is approved by that time, everyone’s income and investment levy will spike back up.

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“Winner Takes All” Economy for U.S.

Written on October 03, 2010 by R. Depp

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The U.S. economy suffers more; income inequality between the rich and the poor rises even more.

Recent study shows that the gap between the richest and poorest American grew in the past twelve months. It is the young adults and the children who struggled most in these situations.

In the latest census figures, the American top-earners received 4.9 percent of the income generated in the U.S. while the workers below the property line earn only a staggering 3.4 percent.

The Census Bureau used a tool which is called the intertional Gini index to measure the inequality. And the bureau found out it is at its highest level since 1967. The U.S. also has the greatest income inequality among Western nations.

A different measure, the international Gini index, found U.S. income inequality at its highest level since the Census Bureau began tracking household income in 1967. The U.S. also has the greatest disparity among Western industrialized nations.

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Reequip and Retrain the U.S. Workforce

Written on September 28, 2010 by R. Depp

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The U.S. Government is seeking many ways to scrape off unemployment off its tracks.

High unemployment rate is still the ultimate problem of the U.S. government. Unfortunately, the usual job-creation tools are not working anymore. But there’s still hope as analysts point out where policymakers should focus their attentions.

According to statistics, unemployment is likely to tumble to 6.5% if only workers have the right skills. Also, New York Times columnist David Brooks noted that “we have too many mortgage brokers and not enough mechanics” in the economy today. With this, it is clear that the inefficiency of workers contributes to the staggering economy.

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Experts Say Recession Ended in June 2009

Written on September 21, 2010 by R. Depp

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National Bureau of Economic Research (NBER) declared that U.S. is slowly redeeming itself after the Great Recession.

According to economic experts, the Great Recession concluded in June 2009. But did the thousand of workers burdened with mortgages and unemployed people actually felt this conclusion? Not exactly.

This statement was released last Monday by National Bureau of Economic Research (NBER). This group of economists that stocks continue to rise since last summer. The Great Recession experienced by American was the worse since the Great Depression.

Though there are still fears for double-dip recession, NBER is still hopeful, “the committee decided that any future downturn of the economy would be a new recession and not a continuation of the recession that began in December 2007.”

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Feeble Economy Shows Smidgen Strength

Written on September 05, 2010 by Japhet Writ

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There is indeed silver lining in every cloud. The US economy shows a little light as their economy starts to rise -- slowly. But, hey, it's better to have a little increase than nothing.

The weak US economy exhibits mild positive results on jobs, store sales and housing. Though the growth remains anemic, figures on unemployment claims, store sales and home buying contracts are treading the right direction. According to Labor Department, the unemployment aid claims fell by 6,000. A forecast from the department states that private business added a net total of 41,000 jobs last month. Growth will continue in a weak pace making the unemployment rate to top 10 percent by next year. One positive sign though, output per hour worked fell in its largest amount while labor costs rose. It is followed by rapid increases in efficiency.

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