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...world's 300 million mostly poor tribal people share in the wealth that their knowledge helps create. One of the newer strategies is for governments or indigenous communities to obtain commercial patent rights on medicines and other products divined in animals and plants before the labs can muscle in. (None of the new laws are retroactive.) They also hope to make biocolonialism a key global trade issue at next month's meeting of the U.N.'s World Intellectual Property Organization in Geneva. "This isn't about charity for Indians," says Royero, head of Venezuela's nongovernmental Science Development Foundation. "These...
...None of these changes are technically difficult. Collectively they could dramatically reduce the oil intensity of developed countries' economies while serving as role models for the rapidly emerging new economies that cannot afford to use oil as wastefully as we have used...
While detecting VCJD in the blood supply is of pressing importance, what tantalizes investors and clinicians is the prospect of a similar blood test to diagnose Alzheimer's disease. Doctors screen for the illness today using cognitive and memory exams, spinal taps or imaging tests--all pricey, none fail-safe. For the hundreds of companies working on treatments, that means relying on drug trials involving patients who may not even have the disease. "That's why the treatments we have now don't work that well," says Adams. In September, Amorfix announced that its technology can detect aggregated beta-amyloid...
There are other risks, none greater over the long term than the estimated $521 billion budget deficit. That's the biggest ever in dollar terms and, at about 5% of gross domestic product (GDP), the largest in more than a decade. The U.S. current-account deficit, which measures the combined balances on trade in goods and services, income and currency transfers, is also at a record high: about $550 billion for 2003. Last month the International Monetary Fund warned that these deficits pose "significant risks" for the U.S. and the world economy. Why? Because they are so large, they could...
Fang had a different perspective. The exchange rate "has served China very well, and we don't want to change voluntarily," he said, although none of the board ruled out the possibility that the country could eventually yield to U.S. pressure. But "it's wrong to focus so much energy on the exchange rate," Fang argued, noting that even a 5% movement wouldn't do much to help plug the U.S. trade deficit. It would be far smarter to address concerns like China's uncompetitive service sector--allowing foreign banks to set up shop, for example. "China can open...