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Until then, Peoria seemed to have been coping with the recession. The region's unemployment rate had risen only modestly, from 4.5% to 6.2%, between November 2007 and November 2008. Home sales had fallen slightly, but far less than the state's average. So news of Caterpillar's crisis landed with a painful thud in the city of roughly 113,000, which counts the company as its largest employer. Caterpillar hasn't disclosed how many of its displaced workers live in this region, but about one-quarter of its global workforce is based in Illinois, mostly around Peoria. As light...
...world should getting ready for much higher oil prices, even if that will make the recession deeper. OPEC has the capacity to cut demand at a rate to outrun falling supply. It has not done so, but that could change before the end of this quarter. Its member nations are ready to put their own interests ahead of those of both their customers and the economy at large...
...next step for the JQI team is to improve the photons' precision and the rate of communication between the particles. What we won't see soon - or ever, according to Monroe - is a contraption that can teleport humans from one point to another. Sorry, Captain Kirk, but beaming up is a pleasure strictly reserved for atoms. "There's way too many atoms," says Monroe. "At the other end of the transporter, you need to have some blob of atoms that represents Captain Kirk but has no information in it. I mean, what would that look like...
...shifting under the feet of countless Americans. In December, for the first time on record, unemployment rose in all 50 states and the District of Columbia. On Jan. 26, U.S. firms announced more than 70,000 layoffs, then came back the next day with thousands more. Michigan's jobless rate is in the double digits, and it may soon have company...
...city its size, Tehran offers exemplary primary health care and sanitation. The vaccination rate stands at 100%, there is close to universal access to clean water, and 80% of pregnant women are examined three times during their pregnancy. "That is why, despite the occurrence of polio in neighboring countries like Iraq, Afghanistan and Pakistan and frequent traffic between our countries, there hasn't been a single case of polio in Iran over the last eight years," says Dr. Hossein Malek-Afzali, the main founder of the program who won the U.N. Population Award...