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...currency-management objectives required ongoing recycling of a massive reservoir of foreign-exchange reserves into U.S. dollar - based assets, such capital inflows helped keep longer-term U.S. interest rates at exceptionally low levels. In effect, China's implicit interest-rate subsidy ended up becoming an important prop to bubble-prone U.S. asset markets and, ultimately, for the asset-dependent American consumer...
...least 250 people, displaced thousands and submerged buildings beneath up to 20 ft. (6 m) of water. Several countries pledged aid, and President Gloria Macapagal Arroyo opened her palace to those left homeless. But critics, who note that the city of 12 million has long been considered flood-prone and lacking in proper drainage systems, blamed the government for not doing more to head off the disaster...
...same time, new display technologies are emerging that promise to improve battery life and make devices more portable and easier to read. U.K.-based Plastic Logic hopes to introduce next year the first e-reader with a plastic screen that will reduce glare and be less prone to cracking when dropped by ham-fisted owners. Electronic-ink technology is set to move from black and white to color by the end of 2010. Even video is on the horizon. "We'll see a range of models start to appear over the first half of 2010" offering "a range of different...
...reason is that the abstainers in the study sample were more likely to have illnesses such as osteoarthritis and fibromyalgia, and people with chronic illnesses are more prone to melancholy. Also, "some people assume it's healthier not to drink," says Skogen - which may be particularly true of those who have chronic illnesses. Finally, some abstainers were formerly heavy drinkers - alcoholics who had to give up the bottle. It makes sense that they would have more psychological distress than others, but only 14% of the abstainers in the Norway study fit this category. (See the top 10 medical breakthroughs...
...Barack Obama, George W. Bush and Britney Spears, among roughly 3,000 others, are "semi-protected," meaning they can't be edited by anonymous surfers. Wales says that, at least initially, the new flagged-protection plan will probably apply to the same set of controversial articles, which are most prone to vandalism. But the vast majority of articles - even the ones about relatively famous people, like your average U.S. Senator or late-night talk-show host - would remain open to alteration by Web surfers...