Saturday, August 8, 2009

'Dead' baby wakes before funeral

'Dead' baby wakes before funeral

A premature baby declared dead by doctors at a hospital in Paraguay was found to be alive hours later when he was taken home for a funeral wake.

Jose Alvarenga said he had discovered his son was alive after he heard crying from the box in which he was placed.

The baby is now back at the same hospital's intensive care unit and reported to be in a stable condition.

The head of paediatric care at the hospital said a doctor had not properly checked the infant's vital signs.

"This is a very unusual case," Ernesto Weber told the AFP news agency, adding that an investigation into the incident would be carried out.

A doctor who works at the hospital's maternity unit said staff had tried to revive the baby for an hour before declaring him dead.

"His pulse was so low that it was undetectable," Aida Notario said.

According to medical records, the baby weighed only 500g (17.6oz).

The smallest on record was an American baby who weighed just 280g (10oz), born at less than 22 weeks.

Source

Pakistan Taliban chief 'not dead'

Pakistan Taliban chief 'not dead'

Baitullah Mehsud (2004)
The White House described Baitullah Mehsud as "a murderous thug"

A close associate of Pakistan's most wanted man, Baitullah Mehsud, who was reportedly killed in a US drone attack, has told the BBC he is alive.

Commander Hakimullah Mehsud said reports of the Taliban leader's death three days ago in an attack on a house in South Waziristan were "ridiculous".

The US said on Friday it was increasingly confident its forces had managed to kill Mr Mehsud.

Neither side has provided evidence to back up their claims so far.

Pakistan's foreign minister said on Friday he was "pretty certain" Baitullah Mehsud had been killed.

But Commander Hakimullah Mehsud - who some analysts suggest may be positioning himself to succeed Baitullah Mehsud - told the BBC the reports of his death were the work of US and Pakistani intelligence agencies.

"The news regarding our respected chief is propaganda by our enemies," he said.

"We know what our enemies want to achieve - it's the joint policy of the [Pakistani intelligence service] ISI and FBI - they want our chief to come out in the open so they can achieve their target."

He said the Pakistani leader had decided to adopt the tactics of Osama bin Laden and stay silent. He said he would issue a message in the next few days.

'Safer'

The missile fired by the US drone hit the home of the Taliban chief's father-in-law, Malik Ikramuddin, in the Zangarha area, 15km (9 miles) north-east of Ladha, at around 0100 on Wednesday (1900 GMT Tuesday).

On Friday, another of Baitullah Mehsud's aides told the Associated Press by telephone that his leader had been killed along with his second wife in the attack.

The White House spokesman, Robert Gibbs, described Baitullah Mehsud as "a murderous thug", saying the Pakistani people would be safer if he was dead.

"There seems to be a growing consensus among credible observers that he is indeed dead," he told reporters.

South Waziristan is a stronghold of the Taliban chief, who declared himself leader in late 2007, grouping together some 13 factions in the northwest of the country.

Believed to command as many as 20,000 pro-Taliban militants, he came to worldwide attention in the aftermath of the 2007 Red Mosque siege in Islamabad - in which the security forces confronted and forcibly ejected militant students who were mostly loyal to him.

He has been blamed by both Pakistan and the US for a series of suicide bomb attacks in the country, as well as suicide attacks on Western forces across the border in Afghanistan.


Source

People 'get happier as they age'

People 'get happier as they age'

Older man
Older people appear better able to control their emotions

Most people get happier as they grow older, studies on people aged up to their mid-90s suggest.

Despite worries about ill health, income, changes in social status and bereavements, later life tends to be a golden age, according to psychologists.

They found older adults generally make the best of the time they have left and have learned to avoid situations that make them feel sad or stressed.

The young should do the same, they told the American Psychological Association.

Ageing society

The UK is an ageing nation - in less than 25 years, one in four people in the UK will be over 65 and the number of over-85s will have doubled.

And it is expected there will be 30,000 people aged over 100 by the year 2030.

For many people, older age and later life is often looked upon with dread and worry
Andrew Harrop
Head of public policy at Age Concern and Help the Aged

According to University of California psychologist Dr Susan Turk Charles, this should make the UK a happier society.

By reviewing the available studies on emotions and ageing she found that mental wellbeing generally improved with age, except for people with dementia-related ill health.

Work carried out by Dr Laura Carstensen, a psychology professor at Stanford University, suggested why this might be the case.

Dr Carstensen asked volunteers ranging in age from 18 to mid-90s to take part in various experiments and keep diaries of their emotional state.

She found the older people were far less likely than the younger to experience persistent negative moods and were more resilient to hearing personal criticism.

They were also much better at controlling and balancing their emotions - a skill that appeared to improve the older they became.

TIPS FOR A HAPPY OLD AGE
Envisage ways to thoroughly enjoy the years ahead and imagine living to a healthy and happy 100
Design your life and daily routines to reinforce this goal
Don't put all your "social" eggs in one basket - invest time outside of your family and career too

Dr Charles explained: "Based on work by Carstensen and her colleagues, we know that older people are increasingly aware that the time they have left in life is growing shorter.

"They want to make the best of it so they avoid engaging in situations that will make them unhappy.

"They have also had more time to learn and understand the intentions of others which helps them to avoid these stressful situations."

Dr Carstensen said the young would do well to start preparing for their old age now.

This includes adopting a healthy daily routine and ensuring some social investment is spent outside of the workplace and family home.

Andrew Harrop, head of public policy at Age Concern and Help the Aged, said the findings were encouraging.

"For many people, older age and later life is often looked upon with dread and worry.

"Far too many younger people assume that getting older is a process that will inevitably mean sickness, frailty and lack of mobility and greater dependence. However, this is far from the truth in very many cases.

"Many older people lead active, healthy lives enriched by experience and learning.

"This positive advantage can be brought to bear across so many aspects of daily life which - in turn - hugely benefits our ageing society.

"It's vital that there is growing acceptance that just because someone is getting older, it doesn't mean they no longer have a significant contribution to make.

"This study is one of many which shows that later life can be a enormously positive experience."

Source

Friday, August 7, 2009

Buffett's firm returns to profit

Buffett's firm returns to profit

Warren Buffett
Mr Buffett's firm made a loss in the first quarter

Celebrated US financier Warren Buffett's investment firm has reported a jump in profits after making a loss in the first three months of the year.

Between April and June, Berkshire Hathaway made a profit of $3.3bn (£2bn), up 15% on the $2.88bn it made in the same period a year ago.

In the first quarter, the company made a loss of $1.53bn.

The dramatic turnaround in fortunes was due to rising stock markets boosting the value of its investments.

Successful bets on derivative contracts - complex financial instruments such as futures and options - were an important factor in boosting profits.

Revenues fell slightly to $29.61bn.

The firm's loss in the first quarter - its first in eight years - was in part due to badly-timed purchases of oil stocks.

In April, ratings agency Moody's downgraded Berkshire's credit rating, from Aaa, the highest, to Aa2, meaning it thinks the company is less likely to pay back debt.

Dubbed the "Sage of Omaha", billionaire Mr Buffett is widely celebrated for his investment acumen.

Source

Cancer gene complexity revealed

Cancer gene complexity revealed

Leukaemia cells
Leukaemia targets cells in bone marrow which form blood

Scientists have shown just how mind-bogglingly complex are the genetics underpinning the development of cancer.

For the second time a team from Washington University has decoded the complete DNA of a patient with a form of leukaemia.

But the suite of key genetic mutations they found were completely different from those uncovered following analysis of their first patient last year.

The study appears in the New England Journal of Medicine.

What we find may lead us to completely restructure the way we define tumour types
Dr Elaine Mardis
Washington University

The latest study does reveal some potentially significant findings.

One of the new mutations found in the second patient was also found in samples taken from 15 other patients with the same disease, acute myeloid leukaemia (AML).

The same mutation is also thought to play a role in the development of a type of brain tumour called a glioma.

A second new mutation was also found in another AML patient.

By using a state-of-art gene sequencing technique, the Washington team became the first to decode the entire genome of a cancer patient last year.

Once they have the full menu of DNA from cancer cells, the researchers can compare it with DNA from healthy cells to pinpoint genetic mutations which probably play a key role in the development of the disease.

The hope is that armed with this information scientists will be able to develop new drugs to target cancer.

Much work to do

But lead researcher Dr Elaine Mardis said: "Only by sequencing thousands of cancer genomes are we going to find and make sense of the complex web of genetic mutations and the altered molecular pathways in this disease.

"What we find may lead us to completely restructure the way we define tumour types and subtypes."

Her colleague Dr Timothy Ley said: "Currently, we don't have great information about how patients with this particular subtype of AML will respond to treatment, so most of them are treated similarly up front.

"By defining the mutations that cause AML in different people, we hope to determine which patients need aggressive treatment, and which can be treated effectively with less intense therapies."

The patient in the latest study was a 38-year-old man who had been in remission for three years.

Analysis revealed 64 genetic mutations which were most likely to play a role in cancer development.

Of these 52 were found in long stretches of DNA that do not contain genes, but which potentially affect how and when neighbouring genes become active.

The researchers compared the results with samples from 187 other AML patients.

They found the same mutation linked to brain tumours in 15 samples, making it one of the most common mutations yet linked to AML.

None of the mutations uncovered from analysis of the first patient was subsequently found in any other AML patient.

Dr Jodie Moffat, Cancer Research UK's senior health information officer, said: "It's exciting that these detailed studies to understand the genetic basis of cancer are now possible due to advances in technology.

"The genetic factors involved in leukaemia are particularly complex, so anything new we can learn is very welcome.

"But further research will be needed before scientists can reveal which parts of the genetic puzzle can actually be used to improve the lives of cancer patients."


Source

Is Pakistan's Taliban Chief Dead?

Is Pakistan's Taliban Chief Dead?

Taliban commander Baitullah Mehsud speaks to reporters in Pakistan's South Waziristan tribal region on May 24, 2008
Taliban commander Baitullah Mehsud speaks to reporters in Pakistan's South Waziristan tribal region on May 24, 2008
Reuters

American and Pakistani officials say it looked more and more likely that the man was Baitullah Mehsud, who had a $5-million bounty on his head. Pakistan's Foreign Minister, Shah Mahmood Qureshi, told reporters in Islamabad on Friday Aug. 7 that, "According to my intelligence information, the news is correct. We are trying to get on the ground verification to be 100% sure. But according to my information, he has been taken out." Local Pakistani media, citing "tribal sources" in South Waziristan,�are reporting that Mehsud's funeral prayers had been held and that the Tehrik-e-Taliban Pakistan's shura, or council, was meeting today to choose Mehsud's successor. (See pictures of the battle against the Taliban.)

It may be days, or weeks, before confirmation is obtained. Hellfire strikes often obliterate targets, leaving little for investigators to work with. Pakistani officials are reportedly trying to collect material evidence, but U.S. intelligence officials will also be paying close attention to chatter on the Taliban's communication channels. "Taking Mehsud off the battlefield would be a major victory," says a U.S. counterterrorism official. "He has American blood on his hands with attacks on our forces in Afghanistan. This would also affirm the effectiveness of our government's counterterrorism policies." (Read "Pakistan Takes On Taliban Leader Mehsud.")

If confirmed, Mehsud's death would bring to a dramatic end a short but terrifying career. Over the past two years, Mehsud, who is believed to be about 35, emerged from near-obscurity to claim a place in a hall of infamy along with the Saudi Osama bin Laden, the Egyptian Ayman al-Zawahiri of al-Qaeda (who are still at large) and the Jordanian Abu Musab al-Zarqawi, who was killed while leading the radical insurgency in Iraq. Cagey, dogged and charismatic, Mehsud had a knack for uniting disparate factions around a common cause; he transformed the badlands of South Waziristan into the most important redoubt for the Pakistani Taliban and al-Qaeda. He denied involvement in the assassination of former Pakistani Prime Minister Benazir Bhutto, but he was not unhappy about it: the Pakistani government produced an alleged message from him congratulating the perpetrators: "Fantastic job. Very brave boys, the ones who killed her."

With a reported 20,000 militants at his command, Mehsud was believed to have been the architect of the 2008 bombing of Islamabad's Marriott Hotel, the mastermind behind a terrorist cell uncovered in Barcelona that same year and the dispatcher of numerous suicide bombers in South Asia. Earlier this year, he threatened a massive terrorist attack on Washington that would "amaze everyone in the world." (Read "Islamabad After the Marriott Bombing: The Baghdad Effect.")

An uneducated Pashtun tribesman from a modest clan, Mehsud reportedly came from a family that made their living driving trucks. Though given to boasting about his grand plans for inflicting mass murder, Mehsud was also cautious. He shunned photographers — there are no definitive portraits — traveled in convoys protected by armed guards and hopped between safe houses. Despite his bellicose rhetoric, Mehsud was also described as baby-faced and jocular in person.

As a teen, Mehsud served as a Taliban fighter against the Soviets in the battle for Afghanistan, but first rose to prominence as a supporter of Abdullah Mehsud (no relation), a one-legged militant imprisoned at the U.S. prison in Guantanamo Bay, Cuba, soon after the 9/11 terror attacks. Baitullah Mehsud quickly leapfrogged his boss, and his ascension up the jihadi ladder was made apparent in 2005, when — swathed in a black cloth to shield his face — he negotiated the public signing of a ceasefire agreement with the Pakistani government. (Read "Why Pakistan Balks at the U.S. Afghanistan Offensive.")

Indeed, under the cover afforded by the agreement, Mehsud was once touted by a Pakistani Army official as a "good Taliban." He used that goodwill to quickly tighten his grip on Waziristan, converting the rugged region into a haven where militant groups could freely operate camps and training facilities. The assassination of Bhutto and subsequent attacks attributed to Mehsud turned him into a prime target of the Pakistani government. In June 2009, the governor of the North-West Frontier Province denounced Mehsud as "the root cause of all evils" as the army launched a "full-fledged" military operation to eliminate the Taliban leader. CIA-operated drones also went to work, attacking sites associated with Mehsud. On Wednesday, one of their missiles may have found its mark.

Source


Pakistani Taliban leader 'killed'

Pakistani Taliban leader 'killed'

Baitullah Mehsud (2005)
Baitullah Mehsud has a $5m US reward on his head

There are growing indications that Pakistan's most wanted man, Taliban leader Baitullah Mehsud, has been killed by a US missile.

A Mehsud aide reportedly confirmed that he had died when a drone attacked the house where he was staying.

Pakistani Foreign Minister Shah Mahmood Quresh said the government was seeking "ground verification".

Taliban leaders have gathered in South Waziristan to choose a successor, local sources have told the BBC.

ANALYSIS
Orla Guerin, BBC News, Islamabad
Orla Guerin, BBC News, Islamabad

Mehsud's death would be seen in Pakistan as a huge step forward.

He has been the country's most wanted man, blamed for a string of suicide attacks and also accused of being behind the assassination of the former Prime Minister, Benazir Bhutto. He has also been on America's wanted list, with a price of $5m on his head. He is seen there as an al-Qaeda facilitator.

In the past month or so, both the Pakistanis and Americans have been working hard to tighten the net around him, with US drone strikes but also with air strikes by the Pakistani authorities.

If reports of his death are confirmed, this will be seen here as the elimination of a key enemy of this country and of a man who has caused the killing of hundreds of civilians.

Three names are under consideration says Abdul Hai Kakar, a BBC reporter based in Peshawar.

Hakimullah Mehsud, Maulana Azmatullah and Wali-ur-Rehman were all mentioned as possible successors.

People living close to the scene of the missile attack in South Waziristan told the BBC Baitullah Mehsud had been killed along with his wife early on Wednesday.

The remoteness of the location is contributing to the delay in establishing the facts, the BBC's Orla Guerin reports from Islamabad.

A US official said there was "reason to believe reports of his death may be true but it cannot be confirmed".

Previous reports of Baitullah Mehsud's death have proved to be unfounded.

South Waziristan is a stronghold of the Taliban chief, who has been blamed by Pakistan for a series of suicide bomb attacks in the country.

'Hit on the roof'

Kafayat Ullah, described as an aide to Baitullah Mehsud, told the Associated Press by telephone on Friday that his leader had been killed along with his second wife by a US missile. He gave no further details.

Baitullah Mehsud at a news conference in  South Waziristan, 24 May 2008
There is a sense of awe as this short, plump, bearded man greets us
Syed Shoaib Hasan
BBC reporter on meeting
Baitullah Meshud in 2008

The missile fired by the US drone hit the home of the Taliban chief's father-in-law, Malik Ikramuddin, in the Zangarha area, 15km (9 miles) north-east of Ladha, at around 0100 on Wednesday (1900 GMT Tuesday).

At the time of the attack, the Taliban leader was said to be on the roof, suffering from an illness for which he was taking medication, local people told our Peshawar reporter.

Some who had reportedly seen his body said that it had been half-destroyed by the blast.

Baitullah Mehsud was buried in the nearby village of Nardusai, the witnesses told our reporter.

Several of Baitullah Mehsud's relatives were also injured, local people told the BBC earlier.

Pakistan's foreign minister told reporters in Islamabad that "to be 100% sure [of the Taliban leader's death], we are going for ground verification".

One factor complicating verification of his death is the lack of photographs of the Taliban leader.

Pakistan's foreign minister: "We are going for ground verification"

When the BBC's Syed Shoaib Hasan went to interview him in South Waziristan in May 2008, he found himself sitting down before a short, plump, bearded man, reluctant to allow his picture to be taken.

Pakistan's interior minister, Rehman Malik, told the BBC that even if DNA could be recovered at the scene, the authorities did not have a sample from a male relative of the Taliban leader to compare it with.

Source

Thursday, August 6, 2009

Swine flu vaccine 'by September'

Swine flu vaccine 'by September'

Flu vaccine
Some clinical trials of swine flu vaccine are underway

The first swine flu vaccines are likely to be licensed for use in the general population in September, the World Health Organization has announced.

Several manufacturers have produced initial batches of a H1N1 vaccine and some clinical trials are already underway.

WHO director of vaccine research Dr Marie-Paule Kieny also sought to calm fears about safety of new vaccines.

She said the vaccines were based on "old and proven technology".

Figures show continuing rises in cases in the southern hemisphere in the past seven days.

Argentina has particularly seen a large increase and deaths now stand at 337.

And there has been a rise in cases of 25% in Australia.

INCREASE IN PAST WEEK
China (Hong Kong) 46%
China (mainland) 16%
Malaysia 20%
Thailand 31%
Argentina 60%
Brazil 25%
Australia 25%
Peru 45%

Although it has not yet been clarified who would be first in line for a vaccine, it is likely to be those who are most vulnerable, such as pregnant women and young children.

Some experts have raised concerns about the lack of safety data on flu vaccines in these groups.

In particular a very rare neurological condition called Guillame Barre syndrome, which affected 500 people during a US vaccine programme against swine flu in 1976.

Dr Kieny said much was known about flu vaccines in these groups from seasonal vaccines given every winter and added that regulatory agencies would be monitoring for any signs of adverse reaction.

"The quality controls on today's vaccine are much better than they were 30 years ago," she added.

Fast track

Regulators in the US and Europe have special plans in place to fast-track swine flu vaccines, some of which are based on conventional seasonal flu vaccines and some which use newer technology.

Clinical trials are already underway in China, Australia, USA, UK, and Germany.

It comes as drug company, Baxter, has announced the production of the first commercial batches of its swine flu vaccine Celvapan.

The quality controls on today's vaccine are much better than they were 30 years ago
Dr Marie-Paule Kieny, WHO

The vaccine has been grown using cell culture, a much faster method than the traditional way of growing it in eggs.

Baxter is one of two companies contracted to provide pandemic flu vaccine to the UK, the other being GlaxoSmithKline, and both plan to start clinical trials this month.

One key part of the trials is to work out whether people need one or two doses of the vaccine.

Ministers have repeatedly said they expect to have enough doses for half the UK population by the end of the year.

Source

Note: I love both GSK and Baxter and am in the Biotech industry which largely works on these types of vaccines and other injections/proteins.

Half All Mortgage Holders Expected To Be Underwater

Half All Mortgage Holders Expected To Be Underwater

By Barbara Kiviat

mortgages house loan bank fail crisis
amanaimages / Corbis

If you're not already underwater on your mortgage, there's a decent chance you will be. According to a new report from Deutsche Bank, up to 25 million American homeowners could eventually owe more than their house is worth. That would account for 48% of all mortgage holders.

This isn't the first time we've heard exceptional numbers on upside-down borrowers. First American CoreLogic figures there were already 11 million homeowners in that position at the end of last year, and Moody's Economy.com estimates we had reached 15 million by the end of March. The Deutsche Bank projection, the direst so far, assumes house prices nationwide will drop another 14%. (See how Americans are spending now.)

The problem is already a massive one. When the value of a house is less than its mortgage, a homeowner can't sell and pay off his debt. If a house becomes unaffordable—because of job loss, say, or an adjusting mortgage interest rate—a homeowner is trapped. Academic research shows that underwater borrowers are more likely to default on their mortgage than those with positive equity. (See a chart showing the highest percentage of underwater borrowers.)

The Deustche Bank report adds another wrinkle. So far, the highest rates of underwater borrowers have been found among those people with subprime, Alt-A and Option-ARM loans. These loans, often sold to people with low credit scores or those stretching to be able to afford a house, were largely peddled at the height of the boom, and therefore often correspond to home prices that had nowhere to go but down. However, according to Deutsche Bank's projections, a second-wave of upside borrowers is about to hit, and this time prime borrowers will account for the bulk. As of the end of March, the bank estimated that 16% of prime borrowers with conforming loans were underwater. By the end of March 2011, some 41% are projected to be. And about half of those are expected to owe at least 25% more than their house's value.

The "good" news is that the worst of the problem is fairly concentrated geographically. Places where house prices have fallen the most have been hit the worst. That includes areas that saw the wildest speculation and overbuilding—like California, Florida, Arizona and Nevada—and those that have been gutted the worst economically—like Ohio and Michigan.

But that doesn't mean there aren't grim pockets elsewhere. By the end of March 2011, Deutsche Bank projects 65% of borrowers in the Chicago metro area will be underwater, 71% of those in the Baltimore and Portland, Ore. areas, and 77% in greater New York City. On paper, that might look a lot better than the 93% Deutsche Bank is expecting for Fort Lauderdale, Fla. and 92% for El Centro, Calif. But to the people living in those houses, unable to move, the relative good fortune will likely be little consolation.

Source


Immigration: Let's Get Over It Already

Author Kurt Andersen's new book, Reset: How This Crisis Can Restore Our Values and Renew America, examines the economic, political and cultural opportunities to be found in the wake of the financial crises. In this excerpt, the fourth of five pieces to appear on TIME.com, he argues that open borders and innovative immigration policy are critical to America's rebound.

No other nation on earth assimilates immigrants as successfully as the United States. There are those who argue that we can no longer afford to open our doors so wide, but in fact precisely the opposite is true. Beyond giving sentimental, self-flattering lip service to our history as "a nation of immigrants," the sooner we can agree on a coherent and correctly self-serving national immigration policy — that is, to encourage and enable as many as possible of the world's smartest and most ambitious and open-minded people to become Americans — the better our chances of forestalling national decline.

I recently asked a friend of mine who operates a large farming business in California how many of his hundreds of employees are undocumented Mexican immigrants. Ninety percent, he told me. I literally gasped. And such numbers are not unique to agriculture or to California. Just as we are now dependent on cheap credit and cheap manufactured goods from China, we really can't afford to say no to cheap laborers from Mexico and Central America, and we need to admit that truth and make the system for absorbing them rational. At the upper end of the scale, it's crazily self-defeating for us to set arbitrary and entirely politicized limits on the visas we grant to skilled foreign workers, such as software engineers and nurses. Wouldn't it make more sense to establish a politically independent federal apparatus, like the Federal Reserve System, that would adjust immigration quotas according to the actual and projected ebbs and flows of our economy? The waves of exotic foreigners who poured in during the 1800s and early 1900s were unsettling to Americans at the time — culturally, economically, and politically. But our forebears got over it, fortunately, since the newcomers were instrumental in forging the American Century.

Source

Single-Payer is the "Only Thing that Can Be Done"

Jeff Jacoby Talks About the U.S Jail Systems

Keith Olbermann Exposes Congressional Opponents of Universal Health Care

Why Exercise Won't Make You Thin

Why Exercise Won't Make You Thin

High-Frequency Trading Grows, Shrouded in Secrecy

High-Frequency Trading Grows, Shrouded in Secrecy

Wednesday, August 5, 2009

Teen Decomposes Plastic Bag in Three Months

Plastic takes thousands of years to decompose — but 16-year-old science fair contestant Daniel Burd made it happen in just three months.

The Waterloo, Ontario high school junior figured that something must make plastic degrade, even if it does take millennia, and that something was probably bacteria.

(Hey, at between one-half and 90 percent of Earth’s biomass, bacteria’s a pretty safe bet for any biological mystery.)

The Record reports that Burd mixed landfill dirt with yeast and tap water, then added ground plastic and let it stew. The plastic indeed decomposed more quickly than it would in nature; after experimenting with different temperatures and configurations, Burd isolated the microbial munchers. One came from the bacterial genus Pseudomonas, and the other from the genus Sphingomonas.

Burd says this should be easy on an industrial scale: all that’s needed is a fermenter, a growth medium and plastic, and the bacteria themselves provide most of the energy by producing heat as they eat.
The only waste is water and a bit of carbon dioxide.

Amazing stuff. I’ll try to get an interview with this young man who may have managed to solve one of the most intractable environmental dilemmas of our time. And I can’t help but wonder whether his high school already had its prom. If he doesn’t get to be king, there’s no justice in this world.

Source

Biggest companies Shrinking giants

Biggest companies

Shrinking giants

Aug 3rd 2009
From Source

The world's biggest publicly listed companies by market capitalisation


THE market capitalisation of PetroChina may have fallen by almost half in the past year, but it remains the world’s most valuable publicly listed company. Chinese firms now occupy three of the top four slots. (The state’s large non-traded holdings are valued at market prices.) Seven of the 12 most valuable companies are either banks or oil producers. Wal-Mart, Johnson & Johnson and Procter & Gamble have all climbed the table in the past year; their industries tend to weather recessions better than others. Market capitalisation does not necessarily tally with other measures of size. Microsoft is worth more than Royal Dutch Shell, which has nearly eight times the revenue of the software company and 10,000 more employees.

AP

Health-care reform in America This is going to hurt

Health-care reform in America

This is going to hurt
Jun 25th 2009
From The Economist print edition


Barack Obama was elected in part to fix America’s health-care system. Now is the time for him to keep his word

Getty Images
Getty Images


DIAGNOSING what is wrong with America’s health-care system is the easy part. Even though one dollar in every six generated by the world’s richest economy is spent on health—almost twice the average for rich countries—infant mortality, life expectancy and survival-rates for heart attacks are all worse than the OECD average. Meanwhile, because health insurance is so expensive, nearly 50m Americans, an obscene number in such a rich place, have none; those that are insured pay through the nose for their cover, and often find it bankruptingly inadequate if they get seriously ill or injured.

The costs of health care hurt America in three other ways. First, since half the population (most children, the very poor, the old, public-sector workers) get their health care via the government, the burden on the taxpayer is heavier than it needs to be, and is slowly but surely eating up federal and state budgets. Second, private insurance schemes are a huge problem for employers: the cost of health insurance helped bring down GM, and many smaller firms are giving up covering employees. Third, expensive premiums depress workers’ wages.

Every rich country faces some of these problems (see article), but nobody suffers worse from them than America. This summer’s debate about health care may determine the success of Barack Obama’s presidency. What should he do?


If he were starting from scratch, there would be a strong case (even to a newspaper as economically liberal as this one) for a system based mostly around publicly funded health care. But America is not starting from scratch, and none of the plans in Congress shows an appetite for such a European solution. America wants to keep a mostly private system—but one that brings in the uninsured and cuts costs. That will be painful, and require more audacity than Mr Obama has shown so far.

The uninsured are the relatively straightforward bit. All you need do is “mandate” everyone to take out health insurance, much as drivers are legally required to have car insurance. Poorer Americans would get subsidies, and (as with car insurance) insurance-providers would be forced to offer affordable plans and not exclude the sick or the old. This has already happened in Massachusetts as well as in a raft of countries, including the Netherlands, Israel and Singapore. All the main proposals now working their way through Congress include some version of a mandate. Mr Obama opposed a mandate on the campaign trail, but since he has not come up with any plausible alternative, he should quietly swallow one.

The snag is that all these subsidies are expensive. Those congressional plans might cost $1.2 trillion to $1.6 trillion over ten years: the White House is feverishly trying to massage the estimates downward, as well as working out how to plug the hole through various savings and tax increases. But the sticker-shock for the mandate is really just a reflection of the second big problem: the overall cost structure of American health care. Indeed, one of the worst things about Mr Obama’s oddly hands-off approach to health reform (see article) is that he is concentrating on a symptom, not the underlying disease.

A bolder president would start by attacking two huge distortions that make American health care more expensive than it needs to be. The first is that employer-provided health-care packages are tax-deductible. This is unfair to those without such insurance, who still have to subsidise it via their taxes. It also encourages gold-plated insurance schemes, since their full cost is not transparent. This tax break costs the government at least $250 billion a year. Mr Obama still shies away from axing it, as do the main congressional plans on offer; but it ought to go (albeit perhaps in stages).


The second big distortion is that most doctors in America work on a fee-for-service basis; the more pills they prescribe, or tests they order, or procedures they perform, the more money they get—even though there is abundant clinical evidence that more spending does not reliably lead to better outcomes. Private providers everywhere are vulnerable to this perverse incentive, but in America, where most health care is delivered by the private sector rather than by salaried public-sector staff, the problem is worse than anywhere else.

The trouble is that many Americans are understandably happy with all-you-can-eat health care, which allows them to see any doctor they like and get any test that they are talked into thinking they need. Forcing people into “managed” health schemes, where some species of bureaucrat decides which treatments are cost-effective, is politically toxic; it was the central tenet of Hillary Clinton’s disastrous failed reform in 1994.

But to some extent it will have to be done. There is solid evidence to suggest that by cutting back on unnecessarily expensive procedures and prescriptions, anything from 10% to 30% of health costs could be saved: a gigantic sum. The Mayo Clinic in Minnesota and the California-based Kaiser Permanente system have shown that it is possible to save money and produce better outcomes at the same time. So reform must aim to encourage more use of managed health care, provided by doctors who are salaried, or paid by results rather than for every catheter they insert. Medicare, the government-run insurance scheme for those over 65, could show the way, by making much more use of results-based schemes and encouraging more competition among its various providers and insurers.

But in the end it will be up to the private health-care system. One thing that should be unleashed immediately is antitrust: on a local level many hospitals and doctors work as price-fixing cabals. Another option, favoured by many Democrats and the president, is for the government to step in with a results-based plan of its own, to compete against the private industry. That could harm innovation and distort the market further. Mr Obama should use it as a threat, rather than implement it now. If the private sector does not meet certain cost-cutting targets in, say, five years, a public-sector plan should automatically kick in. Such a prospect would encourage hospitals and doctors to accept a painful but necessary reform now.

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Waking from It's Sleep - Special Report

Waking from its sleep
Jul 23rd 2009


The Arab world has experienced two decades of political stagnation, says Peter David (interviewed here). But there is a fever under the surface

AFP
AFP


IN A special report on the Arab world which The Economist published in 1990, the headline at the top of this page was “When history passes by” (see article). That was when the communist dictatorships of eastern Europe were beginning to wobble and fall. In the Arab world, however, authoritarian rule remained the order of the day. And whereas western Europe was making massive strides towards political and economic union, the Arabs remained woefully divided. Much Arab opinion remained fixated on the struggle with Israel, in which the Arabs seemed unable to hold their own, let alone prevail.

To revisit the Arab world two decades later is to find that in many ways history continues to pass the Arabs by. Freedom? The Arabs are ruled now, as they were then, by a cartel of authoritarian regimes practised in the arts of oppression. Unity? As elusive as ever. Although the fault lines have changed since Saddam Hussein invaded Kuwait 19 years ago, inter-Arab divisions are bitter. Egypt, the biggest Arab country, refused even to attend April’s Arab League summit meeting in Doha. Israel? Punctuated by bouts of violence and fitful interludes of diplomacy, the deadly stalemate continues. Neither George H. Bush at Madrid in 1991 nor Bill Clinton at Camp David in 2000 nor George W. Bush at Annapolis in 2007 succeeded in making peace or even bringing it visibly closer.

The stubborn conflict in Palestine is a reminder that in some doleful ways history has not passed the Arabs by at all. They have seen plenty of history of the wrong sort these past two decades. It includes a good deal of violence: the Arab world has been caught up in wars both major and minor, not only between Arabs and outsiders, such as those with Israel, but also between, and within, Arab states.

Indeed 1990, the year Saddam invaded Kuwait, was something of a turning point. America’s quick eviction of his army from the tiny oil state after only 100 hours of ground fighting looked at the time like a triumph. But a case can be made that this was in fact the starting-point of a whole sorry sequence of events encompassing the rise of al-Qaeda, Osama bin Laden’s September 11th strikes on the American mainland and—in Arab eyes—America’s no less traumatic invasions of Afghanistan in 2001 and Iraq in 2003 in its “war against terror”.

Wars can happen anywhere. What makes the Middle East especially prone to them? Just count the ways. First is oil. In the late 1990s Mr bin Laden wrote a letter to Mullah Omar, the leader of the Afghan Taliban, in which he pointed out that 75% of the world’s oil was found in the Persian Gulf region and that “whoever has dominion over the oil has dominion over the economies of the world.” So long as that remains broadly true, the interests of energy-hungry powers from near and far will continue to grind against each other there.

Second is the continuing and worsening Arab, and lately also Iranian, conflict with Israel. Since 1990 thousands more Arab and Israeli lives have been thrown into the maw of this voracious struggle—in the Palestinian intifada (uprising) that started after the collapse of Mr Clinton’s Camp David peace summit in 2000, and in Israel’s ruthless mini-wars in Lebanon in 2006 and in Gaza at the beginning of this year.



The last and perhaps greatest underlying cause of instability arises from the nature of the Arab states themselves. Elections are widespread in the Arab world. And yet if you put aside the Palestinians’ imaginary state, hardly any of the 21 actual states that belong to the Arab League can plausibly claim to be a genuine democracy. In the absence of democracy, Arab states therefore rely to an extraordinary degree on repression in order to stay in power. And from time to time this system of control breaks down.

A spectacular example came in Algeria in 1991, when the army blocked a promising experiment in free elections that was starting to unfold under President Chadli Benjedid. After an opposition Islamist party won in the first round of parliamentary elections, the generals blocked the second, and so detonated a gruesome civil war that lasted almost a decade and may have killed 200,000 people. In the 1990s internal terrorism stalked Egypt too: radical Islamist movements such as Islamic Jihad and the Jamaat Islamiya claimed more than 1,000 lives. And although most of Egypt’s erstwhile jihadists have long since renounced violence, others—notably Ayman al-Zawahiri, Mr bin Laden’s number two—went on to found and lead al-Qaeda.


The political instability of the Arab world is in turn connected to another problem: the missing glue of nationhood. Many years ago an Egyptian diplomat, Tahsin Bashir, called the new Arab states of the Middle East “tribes with flags” (though he exempted Egypt). His point still holds. In countries as different as Lebanon and Iraq, ethnic, confessional or sectarian differences have thwarted programmes of nation-building. That is why Iraq fell apart into Sunni, Shia and Kurdish fragments after the removal of Saddam despite decades of patriotic indoctrination. Syria could follow suit if the minority Alawi sect of the ruling Assad family were somehow to lose control of this largely Sunni country. Sudan has seen not one but two civil wars between its Arab-dominated centre and the non-Arab minorities in its south and west.

In reviewing this litany of troubles, it is necessary to remember that what people call “the Arab world” is a big and amorphous thing, and arguably (see article) not one thing at all. It would be a distortion to portray the whole region as a zone of permanent conflict. However bloody they have been, the wars in Iraq, Algeria, Sudan or on the borders of Israel have not disrupted ordinary life in the whole Arab world. Most Arabs have been touched by the violence only through their television screens (though, as we shall see, the powerful emotions such images stir up have real-world consequences too). Many Arab countries can look back over the past two decades and see elements of progress to be proud of, including, in some places, rising prosperity and a slow but steady expansion of personal freedom.



And yet the years of conflict cannot just be written off, as if the various outbreaks of internal or inter-state violence were just local aberrations or the product of bad luck, or as if they had no bearing on the region’s future prospects. It is not just that, if you add all the bloodletting together, up to a million citizens of the Arab world may have perished violently since 1990, and that killing on this scale cannot but leave deep scars (see table 2). The disturbing point for the future is that none of the underlying causes of conflict enumerated above has disappeared. On the contrary, each appears to be taking on the characteristics of a chronic condition.

Take the contest over energy resources. This stands little chance of abating at a time when the energy appetites of China and India continue to grow and when a beleaguered America and a rising Iran are competing for domination of both the Levant and the Persian Gulf. As for Palestine, peace looked more achievable during the negotiations initiated by Yitzhak Rabin and Yasser Arafat in the 1990s than it does now, with Hamas and a Likud-led government in Israel darkening hopes of a two-state solution. In most Arab countries the glue of nationhood is still weak: the sectarian conflict in Iraq may intensify again as America begins to withdraw its forces (and Shia-Sunni tensions have spread beyond Iraq). Lastly, in almost any Arab country, at almost any time, political and social discontent is in danger of tipping into violence—even, some insiders and outsiders are beginning to argue, into revolution.

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