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Need more positive signs before scaling back stimulus, says Bernanke

WASHINGTON - Chairman of the Federal Reserve, Ben Bernanke Wednesday said it was too soon to scale back the monetary stimulus and the central bank needs to see further signs of traction before taking a decision. A decision to scale back the $85 billion in bonds the Fed is buying each month could come at one of the central bank's "next few meetings" if the economy looked set to maintain ...
April sees Japan trade deficit jump to 879.9bn yen

TOKYO - Japan's trade deficit rose substantially more than expected in the month April to 879.9 billion yen ($8.6 billion), which is a 70% jump over the trade deficit during the corresponding month a year earlier, the Finance Ministry said Wednesday.. The deficit, for the tenth consecutive month, was wider than what many economists had forecast. A survey from the Nikkei business daily ...
Breakthrough research shows Vit C kills drug resistant TB

WASHINGTON - Adding vitamin C to existing tuberculosis drugs regime could shorten the therapy for drug resistant TB, claims new research findings published in the online scientific journal Nature Communications. The striking discovery, by researchers at Albert Einstein College of Medicine of Yeshiva University, has determined that vitamin C kills drug-resistant TB bacteria in laboratory ...
UK urged by IMF to bring forward high value spending

LONDON - In a critique of the United Kingdom's austerity programme, the International Monetary Fund Wednesday urged the Europe's third largest economy to rebalance the policy to make the transition to a high-investment and more export-oriented economy. "The UK could boost growth by bringing forward measures already included in its fiscal plan, such as spending on infrastructure and job ...
Work starts on creation of new Dubai island

Work began on Monday on the development of a man-made island in Dubai, 500 metres directly opposite the Jumeirah Beach Residence complex. To be known as Bluewaters Island, the new development will house five star hotels and resorts, al fresco dining and entertainment zones, and residential apartments and villas. The focal point of the island city, which will cost $1.6 billion, will be a 688 ...

Movie Review

Forrest Gump [DVD]

ForrestGump is one of those gloriously good-natured movies, the kind that views the world with such an open eye and optimistic attitude that you're willing to overlook how much it simplifies complex phenomena just because it makes you feel so good. The movie covers a broad swath of ... ...

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Chidambaram says U.S. Federal Reserves statement misunderstood calls for calm

Finance Minister P. Chidambaram on Thursday sought to calm stock markets in India after Federal Reserve Chairman Ben Bernanke suggested bond purchases could be scaled back if the U.S. economy improves. Addressing a news conference here, Chidambaram said fears that the Federal Reserve would start reversing its U.S. monetary stimulus programme were being misunderstood in stock market and investor ...
Shareholder adviser firm ISS paying $300K fine to settle charges of failing to protect clients voting info

WASHINGTON - A prominent firm in the business of advising big shareholders on how to vote in elections for company directors is paying a $300,000 fine to settle federal civil charges of failing to protect clients' confidential voting information.Institutional Shareholder Services agreed to the penalty in a settlement announced Thursday with the Securities and Exchange Commission. Its ...
Nissan recalls Micras over steering problem

Nissan is recalling tens of thousands of its Micra cars in the UK after some drivers reported that the steering wheel became loose in their hands.The Japanese firm announced it was calling back 841,000 cars worldwide over the glitch, the company's third major recall in less than a year.In the UK, the recall applies to 133,869 Micras made between December 2002 and May 2006 at the ...
Microsoft expands Windows Azure in Asia Pacific

Welcome to Microsoft Pri0: That's Microspeak for top priority, and that's the news and observations you'll find here from Seattle Times technology reporter Janet I. ...
High street blight are pound shops better than empty shops

The north-west of England has the highest number of empty shop units in the UK, and as big retailers leave our town centres, the kind of businesses that thrive in hard times are moving in.Town centres across the region are becoming swamped with payday lenders, pawnbrokers and pound shops. As our high streets become increasingly geared towards making money from people who don't have any, ...

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Holiday Inn South Beach, Miami Beach

Located on the beach and equipped with a number of resort facilities this good standard 3 star Holiday Inn is ...

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Smallest known plant-eating dinosaur found in Canada

A team of paleontologists from the University of Toronto, Royal Ontario Museum, Cleveland Museum of Natural History and University of Calgary have identified a new dinosaur, the smallest plant-eating dinosaur species known from Canada.

Albertadromeus syntarsus was identified from a partial hind leg, and other skeletal elements, that indicate it was a speedy runner. Approximately 1.6 m (5 ft) long, it weighed about 16 kg (30 lbs), comparable to a large turkey.

Albertadromeus lived in what is now southern Alberta in the Late Cretaceous, about 77 million years ago.

Albertadromeus syntarsus means "Alberta runner with fused foot bones". Unlike its much larger ornithopod cousins, the duckbilled dinosaurs, its two fused lower leg bones would have made it a fast, agile two-legged runner. This animal is the smallest known plant-eating dinosaur in its ecosystem, and researchers hypothesize that it used its speed to avoid predation by the many species of meat-eating dinosaurs that lived at the same time.

Albertadromeus was discovered in 2009 by study co-author David Evans of the Royal Ontario Museum as part an on-going collaboration with Michael Ryan of the Cleveland Museum of Natural History to investigate the evolution of dinosaurs in the Late Cretaceous of North America. ...