11.3.06

New Scientist 'Mental typewriter' controlled by thought alone - Breaking News

New Scientist 'Mental typewriter' controlled by thought alone - Breaking News: "A computer controlled by the power of thought alone has been demonstrated at a major trade fair in Germany.

The device could provide a way for paralysed patients to operate computers, or for amputees to operate electronically controlled artificial limbs. But it also has non-medical applications, such as in the computer games and entertainment industries."

Gallup: More Than Half of Americans Reject Evolution, Back Bible

Gallup: More Than Half of Americans Reject Evolution, Back Bible: "NEW YORK A Gallup report released today reveals that more than half of all Americans, rejecting evolution theory and scientific evidence, agree with the statement, 'God created man exactly how Bible describes it.'

Another 31% says that man did evolve, but 'God guided.' Only 12% back evolution and say 'God had no part.'

Gallup summarized it this way: 'Surveys repeatedly show that a substantial portion of Americans do not believe that the theory of evolution best explains where life came from.' They are 'not so quick to agree with the preponderance of scientific evidence.'

The report was written by the director of the The Gallup Poll, Frank Newport.

Breaking down the numbers, Gallup finds that Republican backing for what it calls 'God created human beings in present form' stands at 57% with Democrats at 44%.

Support for this Bible view rises steadily with age: from 43% for those 18 to 29, to 59% for those 65 and older. It declines steadily with education, dropping from 58% for those with high school degrees to a still-substantial 25% with postgraduate degrees. "

7.3.06

BBC NEWS | Business | US government near to debt limit

BBC NEWS | Business | US government near to debt limit: "US government near to debt limit
US Treasury Secretary John Snow
John Snow is asking Congress to approve more borrowing
US Treasury Secretary John Snow has told Congress to raise the government's credit limit in order to avoid having some of its operations shut down.

The government needs Congressional authority to borrow and the total accumulated debt is now close to its limit of $8.2 trillion (�4.7 trillion).

If the limit is not increased, the government could find it difficult to pay debts or borrow money.

Congress is expected to agree to an extension, averting any debt crisis.

Massive deficits

In a letter to Congress, Mr Snow said he has already taken 'prudent and legal actions' to avoid reaching the debt limit.

These include tapping the civil service pension funds and using the $15bn in the Exchange Stabilisation Fund, a reserve held for smoothing out volatile movements in the value of the dollar in currency markets.

But the Treasury has warned that such measures will only postpone the credit deadline until mid-March, when an extension will be needed.

This is the fourth time George W Bush's administration has asked Congress to raise the government debt limit.

His administration has produced a series of massive deficits, brought on by the post dot-com recession, tax cuts, the September 11 attacks and wars and reconstruction in Afghanistan and Iraq.

The US government has never defaulted on its debts, and to do so would destroy its credit rating and raise the cost of any future borrowing."

5.3.06

WSJ.com - Capital

WSJ.com - Capital: "American families had net worth -- the value of houses, cars, 401(k) plans, stock portfolios and saving accounts minus mortgages and other debts -- of $50 trillion in 2004, according to the Fed. Its estimate is based on surveys of 4,522 families, with special efforts to include the rich.

How much better off than others are the wealthy?

Those in the 90th percentile -- not Bill Gates or Warren Buffett, but those with bigger balance sheets than 90% of American families -- had net worth of $831,600 in 2004.

That's nearly nine times the $93,100 held by the family at the statistical middle. And it's 62 times the net worth of families at the 25th percentile, the ones who don't have much, but have more than the poorest 25%, many of whom have more debts than assets."