Money Matters - Simplified


Coming soon: 'Talking' cars that detect obstacles kms ahead

After Google’s ‘driverless’ car and Terrafugia Inc.'s ‘flying’ car, now ready to hit the road are "Talking" cars! If a team of Italian scientists is to be believed, 'talking' cars will soon become a reality and not merely science fiction.

Pain resolves guilt in humans, study finds

Human beings associate pain with atonement and it lessens their guilt about immoral acts, according to the findings of a recent study.

Chinese could replace English as number one internet language

English is the major language in communications, science, business, aviation, entertainment, radio and diplomacy around the world. But this dominant international language could soon be replaced by Chinese, at least on the World Wide Web.

3-Month Delay? No Problem!

 The Food and Drug Administration's delaying its decision on whether to approve Human Genome Sciences (Nasdaq: HGSI) and GlaxoSmithKline's (NYSE:GSK) Benlysta shouldn't come as much of a surprise. The FDA gave the drug a six-month priority review and then scheduled the advisory panel meeting 5.25 months into it. Three weeks is a pretty tight time frame to finish up a review.

Heavier crude use brings more emissions

Oakland, Calif. -- Heavier, thicker crude oils increasingly favored as the source for America's liquid fuels will increase greenhouse gas emissions, a study says.

As the biggest and most accessible reservoirs of light crude oil supplies are depleted, the oil industry has increasingly been turning to so-called "unconventional" stocks -- heavy, viscous feedstock and tar sands, reported last week.

More and more oil being processed by U.S. refineries is of this "heavy" variety, requiring more work -- and more energy -- to produce the gasoline, diesel and other high-value fuels that power engines the world over, says Greg Karras of Communities for a Better Environment in Oakland, Calif.

Study: Being clean may make you sick

AnnArbor, Mich. -- An ingredient in antibacterial soaps may provoke more allergies, and some plastics used in soap bottles may affect the immune system, U.S. researchers say.

Triclosan, widely used in products such as antibacterial soaps, and bisphenol A, found in many plastics and food containers, are both in a category of chemicals called endocrine-disrupting compounds thought to threaten human health by mimicking or affecting hormones, reported Tuesday.

A University of Michigan School of Public Health study compared levels of urinary bisphenol AA and triclosan with cytomegalovirus antibodies and diagnoses of allergies or hay fever in a sample of U.S. adults and children over age 6.

New York wants space shuttle for museum

New York -- New York City wants to be home to one of NASA's space shuttles when the shuttle fleet is retired in 2011, city officials say.

New York's Intrepid Sea-Air and Space Museum is lobbying hard to acquire one of the historic shuttles for its collection once they are retired at the end of their space careers, the New York Daily News reports.

"We believe the merits of New York City and the Intrepid will continue to position New York to be a final destination for a shuttle," Susan Marenoff, the museum's executive director, said

"The opportunity for an enormous population to visit, to learn and simply see this icon in a contextual historical setting simply cannot be ignored," she told the Daily News.

Planet 'alien' to Milky Way discovered

Heidelberg, Germany -- European astronomers say they've discovered the first "alien" exo-planet in our Milky Way, one that originated outside our galaxy and was later captured by it.

Researchers writing in the journal Science say the Jupiter-size planet is part of a solar system that once belonged to a dwarf galaxy that was devoured by our own galaxy, the BBC reported Thursday.

The planet, HIP 13044 B, is orbiting a star nearing the end of its life 2,000 light years from Earth.

Almost 500 exoplanets outside our Solar System have been discovered, but all of those so far discovered are indigenous to our own galaxy, the astronomers say.

Study: Sharks 'wandered' to Mediterranean

Aberdeen, Scotland -- Great white sharks may have arrived in the Mediterranean from Australian seas 450,000 years ago after a migratory "wrong turn," researchers say.

Once there, the species -- Carcharodon carcharias -- would have remained in the Mediterranean Sea because great white sharks return to spawn where they were born.

It was previously believed great whites in the Mediterranean were most closely related to their nearby cousins in the Atlantic Ocean, but a study of their DNA showed they were very different from the Atlantic group and more like sharks from Australia and New Zealand.
The time the sharks arrived in the Mediterranean, 450,000 years ago, was between ice ages and would have seen many effects of a changing climate, researchers say.

First antimatter atoms created and trapped

Geneva, Switzerland -- Atoms of antimatter, long the stuff of science fiction, have been trapped for the first time, European researchers at the Large Hadron Collider say.

Scientists at the European Organization for Nuclear Research (CERN) have trapped and held 38 anti-hydrogen atoms in place, each for a fraction of a second, the BBC reported Wednesday.

While anti-hydrogen has been produced before, it was instantly destroyed when it encountered normal matter.

The CERN team, writing in the journal Nature, says the ability to study such antimatter atoms will allow previously impossible tests of fundamental laws of physics.