Time and again, surveys have indicated that more people in the United States worry about running out of money after retirement.
According to a survey conducted by Wells Fargo-Gallup greater than a third of retired US investors and about half of those who are yet to retire said they worry about running out of money and being forced to live Social Security as the key source of income. One might think, the idea will push people to save more but most of them do not even know how much savings are enough for their retirement days for a comfortable living.
There are ways to find out how to save best and how much to keep for post retirement days by asking financial planners.
One frequently asked question in the U. S is should one pay off mortgage before retirement? There is no definite suitable answer as it depends on the situation.
According to the Consumer Financial Protection Bureau, countrywide, the percentage of homeowners who are at the age of 65 or more with mortgage debt took a big leap in one decade, from 2001's twenty two percent to thirty percent in 2011.Business: Real EstateBusinessRegion: United States
Air New Zealand has a new destination and that's Ho Chi Minh City in Vietnam. The flight which took eleven hours reached its destination on Sunday morning. In flight dignitaries included Steven Joyce, Economic Development Minister and Viet Dung Nguyen, the Vietnamese Ambassador to New Zealand.
According to Air New Zealand, the addition of the new destination was proof of the airline's "strong growth mode" and it gave it confidence about introducing added further routes.
Also on the inaugural flight, Cam Wallace, chief sales and commercial officer of Air New Zealand said it was "quite a significant day" as it extended the market of the airline in the Pacific Rim.
He said, "We see tremendous economic opportunities in this part of the world."
Vietnam offers an attractive mix of history for the New Zealand travelers says Wallace. The flights launch
Also serves to strengthen the relationship between New Zealand and South East Asia. Vietnam joined the Trans Pacific Partnership Agreement and had one of world's fastest growing economies with open approach to trade.
The closer link between the countries could also help the international education sector as well as New Zealand's exporters.
Last year Air New Zealand launched new routes to Beijing, Houston and Buenos Aires and is planning to add a direct link to Manila in the Philippines by this year's end.Companies: Air New ZealandBusiness: Aviation SectorRegion: New Zealand
Billionaire investor and Tesla Motors CEO Elon Musk has been talking about solving Los Angeles traffic problems by digging tunnels. Musk has said that by making tunnels, the issues related to traffic congestion in major cities can be solved but tunneling is quite expensive. It is yet to be seen how Musk can use technology and innovation in reducing the cost for tunneling in big cities. Musk’s plan has been questioned by many in terms of feasibility.
Musk clarified last week that he isn’t sure how he and his team can do it. But he complained about traffic issues and said that technology experts should come forward to solve it. As per Wired magazine, Musk has put in some effort to dig 30 feet wide and 50 feet long tunnel at Los Angeles headquarters of SpaceX. Musk said that it is beginning of the experiment.
“You have tall buildings, they’re all 3D, and then everyone wants to go into the building and leave the building at a same time,” Musk said. “On a 2D road network, that obviously doesn’t work, so you have to go 3D either up or down. And I think probably down.”
Musk has been successful in bringing a major change in space travel industry. He has also been able to bring Tesla vehicles for people aiming to reducing their carbon footprint by using electric cars.
“We have no idea what we’re doing — I want to be clear about that,” Musk said.
“Without tunnels, we will all be in traffic hell forever,” he said. “I really do think tunnels are the key to solving urban gridlock. Being stuck in traffic is soul-destroying.”People: Elon MuskRegion: United States
Multinational technology giant Lenovo's recently unveiled ThinkPad P71 laptop boasts to have some really unique features that allow it to outshine rival machines in the increasingly crowded market.
The 7.5-pound Lenovo ThinkPad P71 laptop is a superfast machine that can flawlessly work with HTC's Vive and the Oculus Rift virtual reality (VR) headsets.
Washington D.C. [USA], Feb. 7 : Hitting treadmill for 30 minutes can remodel your heart tissues as expression of genes used to repair damaged DNA increased in response to endurance exercise, after a single session.
The study appeared in the journal of Experimental Physiology.
Researchers from the University of Maryland, the University of Texas Southwestern Medical Center, East Carolina University, the Catholic University of Brasilia and Southern Methodist University showed that physiological stressors like exercise can remodel heart tissue.
These findings are important for understanding how exercise provides a protective effect on the heart.
"The genes that are important for genome stability are upregulated in the heart tissue after a single bout of endurance exercise. This may contribute to the protective effects of exercise on cardiovascular health," said researcher Stephen Roth from the University of Maryland in the U.S.
The researchers studied the hearts of mice after 30 minutes of running on a treadmill.
They looked at how genes were being expressed compared to those in hearts of mice that had not been exercised.
The group results are applicable to humans because these genes are regulated in a similar way to those in humans.
They hope that by understanding this process and basic heart biology, future research may lead to increased life expectancy and drug-free cures for chronic heart problems, including high blood pressure.(ANI)Region: WashingtonGeneral: Health
New Delhi [India], Feb. 7 : Let's face it, the days of dropping cheesy pick-up lines at social gatherings are coming to an end.
We would be hearing less cheesy lines like "Did it hurt when you fell from heaven?" or "Was your dad a thief? Because he stole the stars and put them in your eyes".
The traditional approach to getting an opposite sex to talk to you or take an interest in you by actually talking to them face to face is slowly fading. Our cavemen instinct of hunting is slowly being overtaken by convenience - The equivalent of a caveman ordering pizza delivery instead of hunting.
-Digital Dating - Broken Barrier
Before the advent of internet dating, we used to head to various places to socialize and meet people - bars, pubs, clubs, parties, weddings, places of worship and even the library! It took physical effort and mental courage to walk up to someone and introduce oneself.
Back then, it's victory when phone numbers were exchanged, which then led on to conversations to get to know each other to actually going on a date to get to know the person further. Unfortunately, all these would have to take place in the location or country you reside in - flying in and out of the country can be costly!
Now, with online dating websites and apps, it has become so easy to find a partner or in this case, a match - even from a different country if you wish. You can judge if you like the person by looking at their picture and also read their profile details to see if they're "your type".
Computers and servers in these virtual dating agencies filter the millions of people in their databases to find you your closest match. You're able to scroll through profiles of people near you on your smartphone and send them a flirty text copied from a Google search you just did, bypassing the effort and anxiety of thinking of what you would like to say to your match.
Not everybody on the Internet is whom they seem to be.
You might be a guy and scrolling through profiles on a dating site and then you spot a nice girl who you might like to date. You send her a message - and she answers in a kind and lovely manner. She wants to know you better! She wants to talk to you! But behind the guise of that sweet-sounding woman may actually be a man --- a beardy cybercriminal who only wanted to get your phone number to scam you.
Last year, Russian police have arrested two men from Smolensk who pretended to be young, attractive girls stealing the hearts of men in Moscow and then threatening and tricking them into sending rather big sums of money. The criminals were found to have actually earned about one million Russian rubles (or USD16,500) with this scheme.
Now, some of you are thinking that men are more gullible in this area, but there are many cases where women have been scammed of money by their internet lovers. However, the real figures on romantic frauds are never known. Many of the victims, especially married people, prefer to keep silent.
Also, there are instances where website employees behaved like scammers as there were only a few women registered on the site. So they create accounts of pretty girls themselves using pictures copied from anywhere on the internet. Then, there are bots created to lure newcomers into chat and get them to pay money to continue the conversation.
So just believe us: anyone can be reeled in. This is how Monica Whitty, a cyber-psychologist from the University of Leicester explains the situation to the DailyMail:
"You don't have to be 'vulnerable'. You can be a highly intelligent person with a good job. The strategies these fraudsters use are highly sophisticated."
Whitty has acquired much experience working with victims of romance frauds. She admits that victims meet double pressure: they blame themselves and their friends and relatives do the same. "Most crime victims are given sympathy and support, but in the case of online fraud, friends and family are furious. Their response is, "How could you be so gullible?"
-Valentine's Day cometh
As we approach the official day of love, most of us will receive the traditional anonymous Valentines - albeit in digital form. Usually it doesn't take a rocket scientist to guess the author but some come as a surprise and the admirer is unknown.
Your curiosity is quite understandable in this case, but do not let it reduce your vigilance - instead of romance, such "letters" typically lead to malware or real money loss.
While installing a reliable internet security suite such as Kaspersky Internet Security 2017 will secure from malware and malicious links, it will not protect you from a broken heart.
So to keep you safe from being broken hearted and scammed this Valentine's Day, we have put together list of common scams and some tips to ensure your safety and your digital life is not compromised:
-Scam: Mutual connection
This is where a scammer contacts you via social channels and claims having common interest or a mutual connection with you maybe from an introduction at a wedding or large gathering. If you're a serial poster of pictures and haven't updated your privacy settings, it's easy guesswork for the cybercriminals.
Tip: If you receive such a claim, and no matter how desperate you are, dismiss the conversation and never add that person as a friend. Also, update your privacy settings to share with only those you know.
-Scam: Intimate Activity
A very common scam especially for those in a long distance internet dating relationship. After an intense courtship period, the scammer asks the victim to connect with them via webcam and "chat." The fraudster's webcam is mysteriously broken, but they heap praise on their victim and, with a combination of flattery and persistence, convince their "partner" to partially disrobe or perform other intimate acts.
The scammer then reveals their true identity. They claim to have made a video recording and threaten to share the video with mutual social media friends or post the recording online, unless the victim sends money. Once the victim complies, the cycle begins-demands increase until the victim finally refuses.
Tip: If it involves a webcam and you are asked to perform indecent acts, never ever give into to the demands, no matter what they are. If the relationship is real, then you would wait to meet each other in person.
-Scam: Fake Dating Sites
The recent Ashely Madison leak offers a glimpse into the world of fake dating sites. Services claim to offer legitimate meetups, but are either severely underpopulated or awash with scammers and bots.
Tip: Look out for sign-up questionnaires that are light on personal details, but heavy on questions about finances. Also watch for an influx of attention just after you've created your profile. If all your profile contains is a few lines of text, no photo and no set preferences, but you start getting message after message from potential suitors, chances are you've stumbled across a fake dating site.
Other things to pay attention to even on legitimate dating sites - let's face it, scammers are everywhere - include the following:
-Suspicious Spelling and Grammar
If they supposedly come from an English-speaking nation, be on the lookout for awful spelling and grammar. While not everyone looking for love online has the soul and finesse of William Shakespeare, truly terrible grammatical errors and run-on sentences are red flags.
The same goes for emails. Native English speakers have a natural cadence when they speak and write that isn't easily mimicked. Be suspicious if something seems "off" about the tone or pacing.
If messages and profile descriptions read too well, be worried. Often, scammers won't bother writing their own material, but instead lift it from other websites or dating profiles. Here, it's a good idea to run suspicious text through an Internet search to see if any matches come up. If they do, don't message or respond to this scam artist.
Legitimate users often post links to their favourite bands, travel destinations or hobbies. Scammers typically fill their profiles with links to low-quality "spam" sites that are trying to sell a product or teach you to "get rich quick." You may also find links to X-rated websites-a warning sign that the profile isn't entirely legitimate.
While strong feelings often accompany the first few weeks of any new romance, scammers will try to accelerate this process even further by offering not only a huge volume of compliments and kind words, but also intimate details of their own life that they have "never shared with anyone else."
What can be even more troubling is if after just a few chat sessions or emails, they're asking for a small amount of money to cover strange expenses-perhaps they're stranded in a foreign country, have a family member in medical distress or have just been robbed, and need you to wire transfer money ASAP. If requests for money are ever on the table, walk away.
"As we get closer to Valentine's Day, everyone, especially single folks will be scurrying to find themselves a date with a potential Mr. or Ms. Right. One of the many ways would be through the use of internet dating sites or apps. We would like to arm everyone with knowledge about common romance scams and how to avoid these fraudsters so you can skip the fake romance and seek out your true love instead," said AltafHalde, Managing Director, Kaspersky Lab, South Asia. (ANI)Region: IndiaGeneral: Health
Labour leader Andrew Little has spoken at the Green Party Conference about the newly formed partnership between the parties aiming to change the government.
Mr. Little has said that the two parties have to work to offer a credible alternative to the National-led Government. It was the first time that a Labour leader has spoken at a Green Party AGM and it came just days after the parties signed a Memorandum of Understanding to work together till the elections to change the government in the country.
Mr Little received a standing ovation and prolonged applause from the Green party members at the conference in Christchurch. Green Party co-leader James Shaw said that his presence was a "break in the clouds"
Mr. Little called for a change in the government stating that Labour and the Greens have found a common ground to work together. Mr. Little said that Labour had a strong relationship with the Greens and this relationship has reached a maturity level that will allow the two sides to work together to change the government.
The Memorandum of Understanding between the two sides will provide clarity that was lacking in the earlier elections.Green co-leader MetiriaTureipointed out that a joint approach will help bring change in the government.
The MOU also includes an agreement to co-operate in Parliament and investigate a joint policy and campaign. Mr. Little announced that Grant Robertson would be finance minister in a Labour-Green government but did not announce additional details while Turei said that discussions over cabinet seats will come much later after the elections in the country.Region: New ZealandGeneral: GeneralPeople: Andrew Little
Rescue teams and other crew recovered four bodies on Friday increasing the total death toll to nine following an accident involving an Army truck falling into floodwaters at Fort Hood in the state of Texas. Twelve soldiers were on a training missionwhen their vehicle became stuck in the flooded creek at a remote section of the army post.
Rescue teams from the army and other emergency crews are searching for the missing soldiers along a Fort Hood creek after a truck overturned in the water.Fort Hood spokesman Chris Haug has said that they search operations continued after teams found bodies of two soldiers on Thursday night. Three others were found dead shortly after the accident in Owl Creek during a morning training exercise on the huge army post in Texas.Soldiers from another vehicle rescued three of their comrades following the accident.
The teams also rescued three soldiers and they have been sent to the hospital for treatment and are in stable condition. Teams from the air and on land continued to search the 20-mile creek that covered by a thick forest cover on the northern fringe of the base. An army aircraft, canine search teams, swift-water rescue watercraft and heavy trucks are being used in the rescue operations in the area.
Christopher Haug said that the soldiers were learning to operate the Light Medium Tactical Vehicle and were not sent in conditions too dangerous for training. He said, "It was a situation where the rain had come and the water was rising quickly. They regularly pass through these weather conditions like this. This was a tactical vehicle, and at the time they were in proper place. Just an unfortunate accident that occurred quickly."General: GeneralRegion: United States
On Friday, a new conspiracy charge was slapped against Martin Shkreli, the former pharmaceutical executive of Retrophin Inc and his former lawyer, Evan Greebel in Brooklyn.
In December, both of them were accused and arrested for stealing money from Retrophin Inc. to cover up for the losses which investors suffered at Mr. Shkreli's hedge funds.
Mr. Shkreli, was ousted as Retrophin's CEO by the company's board in 2014. He has also been heavily criticized for spiking essential drug prices at his pharmaceutical companies. However, his arrest has nothing to do with the matter.
The accusations say, the two accused allocated San Diego based Retrophin Inc's stocks to seven employees in order to conceal that Shkreli owned them.
Shkreli has earlier pleaded not guilty to the charges stating he lost investors' money through bad trades and stole from the pharmaceutical company to cover it up.
Shkreli has faced heavy criticism and is hated because his drug price spiking moves. Turing Pharmaceuticals, a Shkreli owned company raised the price of Daraprim, a drug mostly used to treat malaria by 5,000 percent.
Shkreli's attorney said that the new allegations will not change "flawed theory" of the case and Greebel's lawyer did not make any comments.Business: Pharmaceutical SectorCompanies: Retrophin Inc.Region: United StatesPeople: Martin Shkreli
Reportedly, for a brief period Twitter and Yahoo were in talks for a merger. The senior Twitter staff met Yahoo Marissa Mayer, Yahoo's CEO to talk about a possible deal. However, absence of Jack Dorsey, Twitter's CEO in the discussions raises a question about the seriousness of the situation.
Yahoo!'s core assets are up for sale and have drawn interest from AT&T, Verizon among others. According to sources, Twitter's officials met Yahoo! "several weeks ago," but the talks did not last for long as Twitter did not show further interest. Both companies declined to comment on the issue and said, "We don't comment on rumor and speculation."
As Yahoo could not find a tax-efficient way of selling its stake in Alibaba. com , the Chinese e-commerce company, in December, Yahoo put up its core Internet business for sale. The value of Yahoo's 15.4 percent stake in Alibaba is somewhere between $20 billion and $30 billion currently which surpasses the total value of Yahoo's Internet business which is estimated to be in the range of $4 to $8 billion.
SoftBank , the Japanese internet company with which Yahoo has a joint venture in Yahoo Japan, is not likely to be a suitor for Yahoo as it is facing shortage of cash right now and this week sold part of Alibaba stake.Companies: YahooTwitterBusiness: Technology SectorPeople: Marissa MayerJack Dorsey
It seems troubles for 'Obamacare' aren't over yet as many insurers nationwide have cited financial losses under the health care law and are saying they hope for a premium increases in 2017.
Including Texas, insurers in several states are facing problems like lower than expected enrollment, more number of customers who are sicker than expected and also problems with the financial backstop offered by the government for insurance markets.
Health insurance is locally priced and the available data from several states indicate that chances of an increase in premium appear to be coming up.
The biggest insurer in North Carolina said this week that it will seek 18.8 percent increase on an average.
An analysis by Avalere Health, a consulting firm, showed that average premium increases in nine states for the insurance plans which most people choose range from five percent in Washington State to forty four percent in Vermont.
Although, millions of customers have government subsidies to guard them but those who are not eligible for income-based subsidies are more vulnerable to these premium increases. These customers include self employed people, owners of small businesses and the early retirees. According to the law, most of the Americans need to be covered by health insurance or face substantial fine.Companies: ObamacareBusiness: Business NewsHealthCareRegion: United States
Police officials in Tauranga are advising motorists to avoid State Highway 29 over the Kaimai Range following a crash involving a car and a truck.
Reports showed that one person has life-threatening head injuries and another has serious injuries after a car and truck collided just before 2.14pm on Friday. Two occupants of the car have moderate injuries while the condition of the truck driver is unknown. The authorities closed the road but a single lane has been reopened in order to allow east and westbound traffic. However, the police is warning motorists to consider significant delays on the route.
Senior Sergeant Ian Campion said, "My advice to motorists heading from Waikato to Tauranga or the western Bay of Plenty is to take an alternative route. From Waikato, take SH5 to Rotorua, then State Highway 36 to Tauranga. Alternatively, you can take State Highway 2 through Waihi to Tauranga. Drivers travelling from Tauranga to Waikato can take the opposite routes."
The person trapped in the car after the crash was rescued and is being treated by ambulance in the afternoon. The Ambulance was also treating two other patients at the site of the crash on the intersection of Poripori Rd and SH29. The fire services were assisting police with road closure.General: GeneralRegion: New Zealand
Education minister Hekia Parata has announced new investments to build new schools in Tauranga and Hamilton as well as extra classrooms at Tauranga and Hawke's Bay. A school in Hamilton will also be extended under the plan. Parata announced a $53.5 million education infrastructure plan as part of the Budget 2016 at Tauranga's Welcome Bay School on Friday.
The authorities will build a new school, Sylvester Primary school in the Hamilton's growing northeast with a budget of $25 million. The plan also includes an expansion of Endeavour School with a budget of $4 million. Another new school will be built at the cost of $18 million on Kennedy Road in the Pyes Pa area in Tauranga. The authorities will build eight extra classrooms in Hawke's Bay and six in Tauranga
Parata said that two new areas and Hawke's Bay have recorded population growth and there was a requirement for new infrastructure to better cater to the students. He said, "With that population growth comes increases in school rolls, so this investment is about staying ahead of schools' need for more quality learning spaces."
Associate education minister Nikki Kaye had pointed out that expansions or new schools were needed in several areas. He also said that the government has been building new schools such as Endeavour School, Rototuna Junior High School and Rototuna Senior High School to cater to the growing demand.Region: New ZealandGeneral: GeneralEducationPeople: Hekia Parata
Smoke and haze from coal fired power plants drift to national parks and wilderness obscuring the visibility by up to sixty miles. The authorities are trying to address the same problem in Denver, Colorado so that the habitat and the wilderness have lesser impact and visibility issues from the pollution.
It is not easy to work out Obama administration's proposal to constrict regional haze rule nationally which also faces opposition from the industry and over the time line as to how fast the states must implement their plans to meet the goal of Regional Haze Rule, which mandates the restoration of "natural" air conditions in hundred and fifty six national parks and wilderness areas by 2064.
To achieve the goal of restoring perfect natural clarity and the Environmental Protection Agency has proposed that all states would be compelled to control air pollution spreading beyond the boundaries of that state.
At an EPA hearing Jen Clanahan, a member of Colorado Moms Know Best, testified "Our protected natural areas are some of the few places where I thought I could take my daughter and not have to worry about pollution." She added, "If I can't take her to our national parks to escape, I'm not sure where to go. It leaves me feeling like we can't escape the pollution we're breathing in all the time, like I can't get my daughter away from it."
However, the industry officials maintain that the coal-fired power plants and other fossil fuel facilities that are currently operational must keep working.Business: Energy SectorRegion: Colorado
Last year a legislation approved by the Congress was endorsed as a law which comes into effect today, which makes it necessary for rental car companies which have fleets exceeding thirty five vehicles, to pull out all recalled vehicles until they are repaired.
Earlier, laws only stopped car companies from selling a vehicle which was under recall, till it was fixed. However, there were no legal boundaries to renting out one to the public. With the law coming into immediate effect from Wednesday, there is not much time for the rental fleet operators to pull out recalled unrepaired vehicles.
Though the bill got support from the car rental industry and inputs from the American Car Rental Association for a better step towards consumer protection, yet it did not make everyone in the industry happy. For the smaller independent companies, the idea of parking cars for long, till they are repaired does not seem t be a great idea.
In many cases of recall, the automakers do not have a timeline or a clear cut plan of the repairs and it may take months before the vehicles are allowed to ply on the roads.Business: Auto SectorBusiness NewsRegion: United States
A missing hunter, who had disappeared after entering the woods near Makahika, Levin, has been located in the search and rescue operation.
The missing man was found near the Waiti Stream by a Defence Force helicopter that was taking part in the search and rescue operation. A medic was sent down from the NH90 to assist the man from Levin. The man was airlifted and dropped to an ambulance at the Levin Showgrounds, where he walked into the ambulance with the help of a St John officer.
The Ambulance paramedics are assessing his conditions and it is believed that he may be suffering from a leg injury and possible hypothermia. A police official said that the man was reported missing this morning after his hunting partner said that the two were separated yesterday in the bushes. The man was not carrying equipment to spend the night in the bushes.
Officials said that search and rescue teams from Palmerston North arrived in Levin to assist in the operation. The friend of the missing person, Evan Jacobsen said that the hunter belonged to Levin. Central District search and rescue co-ordinator Sergeant Bill Nicholson said the man had gone missing in the foothills behind Levin. He had earlier said that several teams are working to locate the man and more teams are arriving from Taihape, Whanganui and Tararua. The New Zealand Defence Force joined the search with the NH90 helicopter in the morning and helped locate the man and bring him to safety.General: GeneralRegion: New Zealand
Evony, an online city-building game that is widely known for placing half-naked women into its web adverts, recently put a commercial during the National Football League's finals to attract more gamers.
The free-to-play game's controversial ads, showing female cleavage, can often be seen in Facebook sidebars. Moving from placing women's half-naked images to get the attention of players to place a commercial during the NFL's finals surprised many.
Washington D.C. [USA], Feb. 6 : All the women who are currently going through the process of pregnancy or planning to have a child in the near future should be cautious of consuming large amount of liquorice during pregnancy.
A Finnish study proves, youth who were exposed to larger amount of liquorice in the womb performed less than others in cognitive reasoning tests done by the psychologist.
Those exposed also performed less in memory measuring capacity tasks and they also had Attention Deficit Hyperactivity Disorder (ADHD)-related problems more than others.
The study report was published in the American Journal of Epidemiology.
The author of the article is Academy Professor Katri Raikkonen from the University of Helsinki.
The study carried out by University of Helsinki, the National Institute for Health and Welfare and the Uusimaa hospital districts equated 378 youth of about 13 years whose mother had consumed large amounts or little/no liquorice during pregnancy.
In the research, a large amount was explicated over as over 500 mg and little/no as 249 mg glycyrrhizin per week.
It is suggested that all the women who are pregnant and women planning pregnancy should be told about the harmful effects of the products containing glycyrrhizin on the foetus.
In Finland, this has already become a reality. In January 2016, the National Institute for Health and Welfare published food recommendations for families with children, in which liquorice was placed in the 'not recommended' category for pregnant women.
But, occasional consumption of small amounts such as a portion of liquorice ice cream or sweets is not dangerous.
Glycyrrhizin is one of the main factors that affect the development of a foetus. But it is impossible to say whether it was glycyrrhizin expressly that affected the development of a certain individual.
Glycyrrhizin intensifies the effects of stress hormone cortisol by inhibiting the enzyme that inactivates cortisol, while cortisol is essential to the development of a foetus.
Short term effects of glycyrrhizin have been seen from a long time, but such long-lasting effects on the foetus have not been proven before. (ANI)Region: WashingtonGeneral: Health
On Tuesday, Japan's SoftBank Group Corp said, to increase its financial flexibility it would sell at least $7.9 billion worth of its shares in Alibaba Group Holding Ltd, the Chinese e-commerce giant. The proceedings from the sale will help the company to trim down its debt and to revive the U.S. wireless company, Sprint Corp which it bought three years back.
The Japanese multinational telecommunications and Internet corporation based in Tokyo owns 32.3 percent of Alibaba shares and said it would retain approximately 28 percent stake in Alibaba.
Masayoshi Son, SoftBank's founder and Chief Executive invested in Alibaba in 2000. At that time it was just a small-commerce company, which later grew to make a position in the U.S IPO history. Then he had invested $20 million in Alibaba, which has now turned into the largest online shopping mall in China with greater than $200 billion market value. Mr. Son's investments have borne fruits for sure.
That's not all; Mr. Son and Alibaba's founder and executive Chairman Jack Ma have been close associates and have had strong ties through some joint ventures. In May itself, the companies said in a joint venture in Japan, they will launch cloud-computing in the country.Companies: SoftBankAlibabaBusiness: Business NewsRegion: Japan
On Tuesday, data from Conference Board, a market research group revealed that in May, U. S. consumer confidence dropped rather unexpectedly. The highlights worries related to the economy's health. The report showed that the index of consumer confidence dropped to 92.6 in May from April's revised reading of 94.7 which was earlier reported to be 94.2. The reading for May also fell short of the analysts' expectations of 96.0.
The Present Situation Index decreased from 117.1 to 112.9, while the Expectations Index declined from 79.7 to 79.0 in May.
Director of The Conference Board Consumer Research Center Lynn Franco said, "Consumer confidence declined slightly in May, primarily due to consumers rating current conditions less favorably than in April. Expectations declined further, as consumers remain cautious about the outlook for business and labor market conditions. Thus, they continue to expect little change in economic activity in the months ahead."
In April, California topped the list of consumer confidence, but in May the state's Consumer Confidence Index dropped to103.0 from April's 111.8. However, it was still higher than one year ago at, 94.6 in May 2015.
The reading in April was California's post-recession high with a strong job market stays and steady growth in the real estate market showing recover after recession.Region: CaliforniaBusiness: Business NewsPeople: Lynn Franco
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