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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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MySpace Cancels “Coming-out Party” with Justin Timberlake

Written on September 20, 2011 by Avlya Jaie

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MySpace calls off its plans to use a summer news conference to disclose its future visions.

Earlier reports claimed that the social-networking website, MySpace, is planning to host its own “coming-out party” in order to show off the initial plans and new visions for the site. Pop star, Justin Timberlake — being the website’s investor, is expected to be a part of the said event.

Unfortunately, new owners – Specific Media LLC and Justin – announced that they are scrapping the plans for the party because MySpace’s popularity and visitor traffic is continuing to drop.

“Plans for transforming the site into a hot spot for entertainment have been more ‘incremental’ than anticipated,” a source reported to Wall Street Journal. Also, according to ComScore, the social network has only invited 33.1 million unique U.S. visitors last month, down to 44% from a year earlier.

MySpace now plans to re-launch the “coming-out party” during the Madison Avenue’s “Advertising Week” conference, which will be held in New York sometime next month. The said ad conference is expected to be much bigger and exciting as the Justin Timberlake party. Meanwhile, the social-networking site is also set to host an opening-night concert.

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World Markets Decline with Greece’s Debt Problems

Written on September 20, 2011 by Japhet Writ

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With Greece's debt issues becoming worse, world markets are stumbling.

Last Monday, the world market stumbled as investors worried that Greece’s debt problems were worsening. European leaders pushed a decision last Friday about the next installment of the country’s bailout to October.

As written by Marc Chandler, head of currency strategy at Brown Brothers Harriman: “Time is running out. The two day meeting between European finance ministers ended without substantial progress on Saturday.”

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In Case US Defaults: California Borrows $5.4 Billion

Written on July 27, 2011 by Japhet Writ

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In the event that Congress fails to meet its deadline, the bridge loan would be used to help California pay its bills.

Gearing up for bond market turbulence, the state of California considered asking Wall Street for a bridge loan. It is now reported that the state’s Treasurer Bill Lockyer already secured $5.4 billion from short-term loans, with Goldman Sachs and Wells Fargo carrying out the loan bulks. This bridge loan will aid the state in case the Congress fails to raise the $14.3 trillion debt ceiling by August 2.

However, the Treasurer Bill Lockyer fears that US default could lock California out of the municipal market. Moreover, the US default shock wave is believed to reverberate across the financial system, causing state and local finance crises.

In addition to this, Moody’s Investors warned that US’ loss of AAA credit rating would push automatic ranking cuts on at least 7,000 municipal ratings.

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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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