Yearly Archives: 2013

In Gold’s Own Country

"With only 3% of India’s population, Kerala gobbles up 20% of the country’s gold every year, and the World Gold Council estimates that India, the largest consumer of gold in the world, consumes 30% of the global supply. 200,000 people are employed in the gold industry in this tiny state. Such is the love of gold in Kerala that there may be no household without some gold, tucked away as savings, either to be given away as wedding gifts for daughters or to raise cash by way of gold loans or outright sale. Muthoot, the largest lender, prides itself in completing a transaction within three minutes, and its branches can be seen on every corner in Kerala." Continue reading →

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Egypt fears run on its banks as it imposes limit on amount people can withdraw

"Egypt has imposed a limit on the amount of money people can take out of the country, amid fears of an impending run on the banks. The move to ban leaving with more than £6,000 came as thousands of Egyptians withdrew savings from banks to hoard cash at home. Anxiety about a deepening political and economic crisis has gripped the country in past weeks, with many people rushing to buy dollars and take out their savings from banks. The panic came as the country’s new president, Mohammed Morsi, called for ‘unity’ after a referendum approved a controversial constitution which gave him and islamist allies more powers." Continue reading →

Continue ReadingEgypt fears run on its banks as it imposes limit on amount people can withdraw

How a $5 gravity-powered LED could revolutionize cheap lighting

"An LED light that runs on rope pulls and gravity has been developed, which could be good news for developing countries without access to stable lighting. GravityLight, a crowdfunding campaign and product created by British designers Martin Riddiford and Jim Reeves, allows a cheap LED kit to run for up to thirty minutes — for free — through no more than a three-second pull on a rope. The energy source after this? Something free that everyone has access to — gravity." Continue reading →

Continue ReadingHow a $5 gravity-powered LED could revolutionize cheap lighting

Santa Monica residents push city council to rein in outdoors fitness classes

"The city is considering a proposal that would require fitness trainers running their classes on city grounds pay a $100 fee and 15 percent of their gross revenues. Classes may also be limited to no more than two students per trainer, unless instructors working in larger venues provide proof of insurance on top of paying the fees. But some trainers have responded that while they don’t pay rent for teaching outdoors, they already pay the city for the proper permits and licensing to operate their businesses, on top of their own insurance and CPR certification fees." Continue reading →

Continue ReadingSanta Monica residents push city council to rein in outdoors fitness classes

Brain scans reveal fructose link to overeating

"People who consume fructose instead of sugar derived from cane or other natural sources feel less satisfied by their food and tend to consume more, according to research published Wednesday in The Journal of the American Medical Association. Stacked next to brain scans of individuals who consumed glucose, the results showed a clear divergence in areas of the brain regulating appetite and reward processing. It is the first scientific literature to directly link fructose consumption to obesity-causing behaviors. Similar research published in November found that use of high fructose corn syrup correlates to significantly higher rates of type 2 diabetes." Continue reading →

Continue ReadingBrain scans reveal fructose link to overeating

Poland bans genetically modified maize and potatoes

"Poland on Wednesday imposed new bans on the cultivation of certain genetically modified strains of maize and potatoes, a day after an EU required green light for GM crops took effect. The centre-right government of Prime Minister Donald Tusk imposed farming bans on German BASF’s Amflora strain of potato and US firm Monsanto’s MON 810 maize or corn, according to a government statement Wednesday. The ban on specific strains essentially uses a legal loophole to circumvent the EU’s acceptance of such products." Continue reading →

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MontCo school suspends 6-year-old for pretend gunshot

"The 6-year-old, who attends Roscoe R. Nix Elementary School in Silver Spring, made a gun with his hands, pointed it at another student and said 'pow,' according to Robin Ficker, the boy's attorney. He was given a one-day suspension, with a conference on the matter planned for Jan. 2, the day students return to school from winter break. According to a letter sent by Assistant Principal Renee Garraway to the child's parents, this was not the first time something like this had happened. 'Your son ... was involved in a serious incident,' Garraway wrote. '[He] threatened to shoot a student. He was spoken to earlier today about a similar incident.'" Continue reading →

Continue ReadingMontCo school suspends 6-year-old for pretend gunshot

Pharma firms paid East German state to test drugs on population

"Major Western pharmaceutical companies carried out tests of medications in the 1980s on patients in communist East Germany, in some cases without the subjects’ knowledge. A newspaper, which examined the documents, reported that more than 50 Western firms had contracts with East Germany’s Health Ministry to carry out a total of 165 medical tests between 1983 and 1989. In exchange, the communist authorities were paid up to 860,000 deutschmarks (around 430,000 euros today or $567,000), according to the report, at a time when East Germany was desperate for hard currency." Continue reading →

Continue ReadingPharma firms paid East German state to test drugs on population