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U.S. economy contracts by 0.3%
The third quarter report of U.S. economy indicated a decline in consumer spending and gross domestic product. The second quarter report showed that the economy grew at a rate of 2.8% and the economists were expecting a drop in economy in the quarter.
Treasury nearing a deal on mortgage
U.S. treasury negotiators are preparing to get into a deal to guarantee mortgages for millions of homeowners that will prove to be a rescue plan to bring relief to banks and financial institutions.
Cost of high degree education rises in U.S.
The economic downturn in America is expected to hit higher college education and the higher education officials said that the parents should be ready to face a sharp increase in tuition fees of college education.
U.S. claim Somali bombs similar to Al-Qaeda attacks
21 people got killed in suicide bombings in Somalia yesterday and U.S. officials claimed that the attacks were similar to al-Qaeda attacks. None of the organizations have taken claims for the bomb attacks.
Melamine found in Chinese egg
Contamination of dairy product in China sickened more than 50,000 kids across the country and the latest news is that a batch of egg imported from China contained the harmful chemical melamine.
Polls suggest Obama leading in Florida
The polls are suggesting that Obama is leading in Ohio by, 49% to 40%; and in Florida by 50% to 43%.Ohio is a state where a high number of unemployment is reported and voters have more confidence in Obama to solve the job problem.
Nearby Solar system similar to ours
A nearby Solar system is said to be similar to our solar system that raises the possibility of having a planet that will be similar to earth. The closest known planetary system similar to earth is Epsilon Eridani, that is located at about 10.5 light-years distance from sun and it [...]
Old blood more likely to get infected
As compared to fresh blood, old blood donated kept in hospitals is four times more likely to be infected when compared to fresh blood. The blood is not infected in itself but the stored blood releases chemicals called cytokines that can affect the immune systems of the patients.
American troops in Iraq are more smokers
The U.S. troops who have been posted to Iraq war are more likely to be smokers when compared to an average American. The research on use of tobacco with troops was conducted by the American College of Chest Physicians.
Britney Spears father takes on conservatorship
Britney is regaining from her troubles of last year but the court still thinks that she needs some one to take guidance from and her conservatorship agreement has been made permanent with her father Jamie Spears.
