'US News'에 해당되는 글 115건

  1. 2008.12.08 Searching For My Donor Dad by CEOinIRVINE
  2. 2008.12.07 How To Avoid Hidden Holiday Travel Costs by CEOinIRVINE
  3. 2008.12.04 Girl from iconic Great Depression photo: 'We were ashamed' by CEOinIRVINE
  4. 2008.12.04 Lil Wayne, Coldplay dominate Grammy nominations by CEOinIRVINE
  5. 2008.11.30 Home Prices in Record Decline by CEOinIRVINE
  6. 2008.11.30 The Ten Best Places to Live by CEOinIRVINE
  7. 2008.11.30 FDA sets safe level for melamine in infant formula by CEOinIRVINE
  8. 2008.11.29 2 dead after shots fired in SoCal toy store by CEOinIRVINE
  9. 2008.11.29 Where To Find Small-Store Holiday Sales by CEOinIRVINE
  10. 2008.11.28 Facebook For Patent Trolls by CEOinIRVINE

Searching For My Donor Dad

US News 2008. 12. 8. 08:34

Newly minted doctors--some beaming, some brooding--stared up at me from their yearbook's glossy pages.

Self-conscious, I scanned photo collages for any recognizable feature. Like those deep creases that form when I smile and my cheeks puff out too far over my mouth. Or perhaps a short stature ran in that side of the family. (I'm very nearly 5'4".) Scrutinizing the male fourth-years for hair lighter and straighter than my mom's, I felt uneasy.


I wasn't looking for a dad. I was looking for a donor.

In 1984, my mom wanted to have a baby. She was unmarried and 38 at the time, with a Ph.D. in educational psychology, but adoption agencies denied her an infant because her household would have only one income. Artificial insemination became her only recourse. She was, as they say, a single mother by choice.

She was also a pioneer. In 2005, the most recent year for which data is available, 52,041 infants were born as a result of assisted reproductive technologies, according to the Centers For Disease Control and Prevention (CDC). Experts estimate the fertility industry is now worth $3.3 billion.

There aren't comparable figures for 1984, but it's telling that the CDC only started tracking these procedures in 1995. Today, women can peruse baby pictures, SAT scores and page-long descriptions of potential donors. Two decades ago, none of this elaborate scaffolding existed.

My search--which my mom blessed because, heck, she was curious, too--started off on a promising note. The two doctors my mom saw are both still practicing. I called one twice and even stood in his office lobby so I could catch him between patients. He looked at me kindly and said, vaguely, that he remembered my mom and would call me back. He never did.

Posted by CEOinIRVINE
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Chances are, you're headed to the airport sometime this holiday season, but not to visit a quiet, sandy beach (even if you deserve it).

Unlike travel seasons past, the upcoming one has more to do with visiting loved ones. In a Nov. 4 survey conducted by research firm Harris Interactive in conjunction with the Washington, D.C.-based Travel Industry Association, 71% of Americans said that spending extra money on travel during the holiday season is worthwhile--so long as it affords them time with family and friends.

But just because traveling may be the right thing to do this year, that doesn't mean it has to be the expensive thing to do. Traveling involves myriad hidden costs that, once you're aware of them, are easy to spot--and even easier to eliminate.

In Depth: Tips To Avoid Hidden Holiday Travel Costs

To start your trip on a frugal foot, consider transportation fees first. For example, if you're driving, fill up the gas tank before hopping on the highway, where it's much costlier, says Clarky Davis, a personal finance expert. According to NewJerseyGasPrices.com, a Web site that tracks prices across the state, on Friday at the Citgo Station at 86 Klockner Road in Trenton, N.J., a gallon of regular gas cost $1.61. At the Exxon on U.S. 130 South in East Windsor, N.J., a gallon of regular gas costs $2.59.

And make sure your car is in good condition by checking your heating vents, keeping up with routine maintenance and ensuring your tires are properly inflated, all of which help the car achieve optimum fuel economy. Furthermore, not only does a towed car cause inconvenience; it also means extra costs.

Small Costs Add Up
For those opting to fly, there are several ways to avoid extra fees. First, if you're driving to the airport, park in the long-term lot , which is usually just a shuttle ride away from the main terminal. While the short-term lot is usually closer to the terminal, it often costs up to $10 or more, extra, per day.

"Parking in the daily lot is tempting," says Davis, "but it's not worth it, even for a three-day weekend."

Posted by CEOinIRVINE
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MODESTO, California (CNN) -- The photograph became an icon of the Great Depression: a migrant mother with her children burying their faces in her shoulder. Katherine McIntosh was 4 years old when the photo was snapped. She said it brought shame -- and determination -- to her family.

Katherine McIntosh holds the photograph taken with her mother in 1936.

Katherine McIntosh holds the photograph taken with her mother in 1936.

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"I wanted to make sure I never lived like that again," says McIntosh, who turns 77 on Saturday. "We all worked hard and we all had good jobs and we all stayed with it. When we got a home, we stayed with it."

McIntosh is the girl to the left of her mother when you look at the photograph. The picture is best known as "Migrant Mother," a black-and-white photo taken in February or March 1936 by Dorothea Lange of Florence Owens Thompson, then 32, and her children.

Lange was traveling through Nipomo, California, taking photographs of migrant farm workers for the Resettlement Administration. At the time, Thompson had seven children who worked with her in the fields.

"She asked my mother if she could take her picture -- that ... her name would never be published, but it was to help the people in the plight that we were all in, the hard times," McIntosh says.

"So mother let her take the picture, because she thought it would help." Video Watch "we would go home and cry" »

The next morning, the photo was printed in a local paper, but by then the family had already moved on to another farm, McIntosh says.

"The picture came out in the paper to show the people what hard times was. People was starving in that camp. There was no food," she says. "We were ashamed of it. We didn't want no one to know who we were." Video Watch a Depression-era daughter's recollections »

The photograph helped define the Great Depression, yet McIntosh says her mom didn't let it define her, although the picture "was always talked about in our family."

"It always stayed with her. She always wanted a better life, you know."

Her mother, she says, was a "very strong lady" who liked to have a good time and listen to music, especially the yodeler named Montana Slim. She laughs when she recalls her brothers bringing home a skinny greyhound pooch. "Mom, Montana Slim is outside," they said.

Thompson rushed outside. The boys chuckled. They had named the dog after her favorite musician.

"She was the backbone of our family," McIntosh says of her mom. "We never had a lot, but she always made sure we had something. She didn't eat sometimes, but she made sure us children ate. That's one thing she did do."

Her memories of her youth are filled with about 50 percent good times, 50 percent hard times.

It was nearly impossible to get an education. Children worked the fields with their parents. As soon as they'd get settled at a school, it was time to pick up and move again.

Her mom would put newborns in cotton sacks and pull them along as she picked cotton. The older kids would stay in front, so mom could keep a close eye on them. "We would pick the cotton and pile it up in front of her, and she'd come along and pick it up and put it in her sack," McIntosh says.

They lived in tents or in a car. Local kids would tease them, telling them to clean up and bathe. "They'd tell you, 'Go home and take a bath.' You couldn't very well take a bath when you're out in a car [with] nowhere to go."

She adds, "We'd go home and cry."

McIntosh now cleans homes in the Modesto, California, area. She's proud of the living she's been able to make -- that she has a roof over her head and has been able to maintain a job all these years. She says her obsession to keep things clean started in her youth when her chore was to keep the family tent clean. There were two white sheets that she cleaned each day.

"Even today, when it comes to cleaning, I make sure things are clean. I can't stand dirty things," she says with a laugh.

With the nation sinking into tough economic times and analysts saying the current economic crisis is the worst since the Great Depression, McIntosh says if there's a lesson to be learned from her experience it is to save your money and don't overextend yourself. iReport: Are you worried about losing your job?

"People live from paycheck to paycheck, even people making good money," she says. "Do your best to make sure it doesn't happen again. Elect the people you think is going to do you good."

Her message for President-elect Barack Obama is simple: "Think of the middle-class people."

She says she'll never forget the lessons of her hard-working mother, who died at the age of 80 in 1983. Her gravestone says: "Migrant Mother: A Legend of the strength of American motherhood."

"She was very strict, but very loving and caring. She cared for us all," McIntosh says.

'US News' 카테고리의 다른 글

Searching For My Donor Dad  (0) 2008.12.08
How To Avoid Hidden Holiday Travel Costs  (0) 2008.12.07
Lil Wayne, Coldplay dominate Grammy nominations  (0) 2008.12.04
Home Prices in Record Decline  (0) 2008.11.30
The Ten Best Places to Live  (0) 2008.11.30
Posted by CEOinIRVINE
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LOS ANGELES, California (CNN) -- Louisiana rapper Lil Wayne garnered the most Grammy nominations, receiving eight, and British alternative rock band Coldplay grabbed six as the Recording Academy announced this year's nominees Wednesday.

Rapper Lil Wayne earned a total of eight Grammy nominations Wednesday night.

Rapper Lil Wayne earned a total of eight Grammy nominations Wednesday night.

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Lil Wayne and Coldplay were both nominated for the prestigious album of the year award for the 51st annual Grammy Awards. Nominations were announced during a star-studded primetime concert special Wednesday night.

Rappers Jay-Z and Kanye West and R&B crooner Ne-Yo, received six nominations each. Alison Krauss, John Mayer, Robert Plant, Radiohead and newcomer Jazmine Sullivan received five each.

Nominees in six categories were announced during the show, which aired on CBS. Mayer, Mariah Carey, the Foo Fighters and Taylor Swift performed for the event. See a list of some of the prominent nominees »

In some ways, it's an odd time for the industry to celebrate. CD sales have plunged in the last few years, and music downloads, which continue to rise, have yet to fill the gap. With concert ticket prices often well above $50 a pop and wildly fluctuating gasoline prices, musicians are feeling the pinch.Video Watch how the music industry is dealing with the times »

"It's deeply affected touring artists because one thing that's happening in the last couple of years is that people don't buy records as much, so the income has dropped drastically for artists," singer Sheryl Crow told CNN. iReport: What's the best music you heard in 2008?

Record labels are struggling with piracy from consumers and direct marketing by artists. Radiohead, for example, offered its last album, "In Rainbows," as a direct download before putting it out on CD.

But former music producer and self-described artists' rights advocate Moses Avalon said the music business -- and music in general -- isn't doing as badly as some observers say.

"I don't think the music industry is doing badly. I know that's the common thought. It's doing badly from the point of view from people who went from making tens of millions a year to now making a few million a year, and for them it probably feels like a financial Armageddon," he told CNN.

"But for the vast majority of recording artists, managers and producers who are people who make a decent living just like anyone else, just like any other professional -- to them, things are pretty much as they've been."

Avalon said sales are down only in the short term. In the long term, the music business has continued to grow, he said.

"One has to remember also that when people say sales are down -- sales are down compared to what? Compared to the year 2004? Yeah. Sales are down compared to the year 2004," he said. "But sales are up compared to the year 1991. So what are we talking about? We're talking about trends -- ebbs and flows of business, which are natural to all businesses."

Besides, he added, there's always a desire for music. It's just the form that it takes -- shellac 78s, vinyl LPs, CDs, Internet downloads, audio blasts through sites like Last.fm or MySpace -- that always changes.

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"People always buy music no matter what. It can even be argued that economic hardship increases the need for music and entertainment," he said.

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NEW YORK (CNNMoney.com) -- The home price plunge stayed on a record pace this summer, according to a widely watched gauge of national real estate markets released Tuesday.

The S&P Case-Shiller Home Price national index recorded a 16.6% decline in the third quarter compared with the same period a year ago. That eclipsed the previous record of 15.1% set during the second quarter.

Prices in Case-Shiller's separate index of 10 major cities fell a record 18.6%, while its 20-city index dropped a record 17.4%.

hotdog_record_decline.jpg 

With foreclosures soaring at record rates, the economic picture dimming and job losses ramping up, all the elements were in place to push prices lower.

"The turmoil in the financial markets is placing further downward pressure on a housing market already weakened by its own fundamentals." said David Blitzer, Standard & Poor's spokesman for the indexes, in a press release. "All three aggregate indices and 13 of the 20 metro areas are reporting new record rates of decline. . . . Prices are back to where they were in early 2004."

The 10-city index is now 23.4% off its peak price, which came in June 2006; the 20-city index is down 21.8% from its July 2006 high and the national index has fallen 21% since the third quarter of 2006.

MORE AT CNNMONEY.COM

Home prices in the 10-city index have fallen for 26 consecutive months. The decline has broadened over the past 12 months, with prices dropping in every city of the 20-city index during September.

In the weakest market, Phoenix, the 12-month loss came to 31.9%. Las Vegas prices plummeted 31.3% and San Francisco recorded a 29.5% decline. The best performing markets, Dallas and Charlotte, N.C., still posted drops - 2.7% in Dallas and 3.5% in Charlotte.

With San Francisco and Las Vegas, the other members of the 10-city index are: Miami, down 28.4% year-over-year; Los Angeles, down 27.6%; San Diego, down 26.3%; Washington, down 17%; Chicago, down 10.1%; New York, down 7.3%; Boston, down 5.7%; and Denver, down 5.4%.

In addition to Phoenix, Dallas, Charlotte and the cities in the 10-city index, the 20-city index is made up of: Detroit, down 18.6%; Tampa, Fla., down 18.5%; Minneapolis, down 14%; Seattle, down 9.8%; Atlanta, down 9.5%; Portland, Ore., down 8.6%; and Cleveland, down 6.4%.

Foreclosures continue to take a heavy toll, with sales in some cities dominated by properties repossessed by banks and then put back on the market, often at bargain prices. In Las Vegas and Cleveland, for example, about half of all homes for sale are bank-owned properties, according to the real estate Web site, Trulia.com.

"Foreclosures are clearly a part of the market now," said Blitzer.

He added that the national index price trends tend to be more moderate because they encompass many more exurban and rural areas, where, in many cases, home prices never skyrocketed as they did in some of the hotter, urban markets.

Karl Case, the Wellesley economics professor who is the Case in Case-Shiller, said during a news conference about the latest index report that he would hesitate to put a number on how much further prices could fall, but the increasing job losses will surely worsen the situation.

"There's no cushion against unemployment," he said.

And Pat Newport, an economist with Global Insight, pointed out that the latest numbers don't even capture the impact of some of the events of the past couple of months.

"The real economy took a sharp turn for the worse towards the end of the third quarter," he said. "Since then, housing permits are down, the National Association of Home Builders index of activity dropped to a record low in November and purchase loan applications were down 15%. That's telling us the housing market has worsened a lot."

Add to that a jumping unemployment rate and more bank woes and it adds up to lousy home price numbers for months to come, according to Newport.

"As bad as the latest Case-Shiller numbers appear to be, they are bound to get a lot worse," he said.

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The Ten Best Places to Live

US News 2008. 11. 30. 05:35

These ten places are each special in their own way. The only downside may be that it's hard to keep a secret, so most of them have seen considerable increases in home prices over the last couple of years.

  • Charlottesville, VA
  • Nestled in the foothills of the Blue Ridge Mountains, most areas of this idyllic city are accessible by foot or bicycle. Charlottesville enjoys clean air and water, and pleasant weather year-round, highlighted by especially beautiful fall foliage. Nearby Shenandoah National Park offers a wealth of recreation opportunities. Charlottesville is home to the University of Virginia, which strengthens the area's healthy economy by providing steady jobs and a wealth of amenities and entertainment. Homes are not cheap (median home price $225,000), but the cost of living is manageable. The city's low unemployment rate and significant recent job growth promise continued prosperity. As more and more people learn about this year's best city, Charlottesville may find staying affordable and sprawl-free is its greatest challenge!

  • Santa Fe, NM
  • Home to over 250 art galleries and the new Georgia O'Keeffe Museum, Santa Fe has long been a haven for artists. Perched high in the desert mountains, Santa Fe's air is crisp and clean. Daytime temperatures are mild, though the nights are often cold. The city is surrounded by over 1.5 million acres of national forest, offering excellent hiking, camping, and downhill skiing. Recently, Santa Fe has seen its population skyrocket as the city has become a relocation hotspot for affluent Americans. Despite its recent growth, Santa Fe remains relatively affordable, with a median home price of $365,000.

  • San Luis Obispo- Atascadero- Paso Robles, CA
  • This quiet group of towns on the central California coast could easily qualify as paradise. The climate is among the country's most pleasant, with 285 mostly sunny days per year and temperatures rarely above 90 degrees, or below freezing. The presence of academic heavyweight Cal Poly helps anchor the local economy- the unemployment rate is well below the national average. It's fortunate that local jobs are plentiful, since it's too far to commute to Los Angeles or the Bay Area. Considering further its low crime and unemployment rates, the San Luis Obispo area seems to have it all. But home prices here have risen steadily in the last few years, so that the median is now $536,300. While this isn't unreasonable by California standards, it can be out of reach for many of us thinking of moving from other parts of the country.

  • Santa Barbara-Santa Maria-Lompoc, CA
  • A few miles north of Los Angeles, Santa Barbara has long been a #1 relocation choice for those who can afford it. This area is famous for lavish estates that carry a price tag in the millions of dollars. Indeed, the median home price for the county is $590,000, and your average house in the city itself is over $1.2 million. No matter how appealing, the Santa Barbara area's cost of living and home prices will prove prohibitive for many Americans. In addition, recent job growth has dipped lately, so it might not be the best place to look for a new job. Nevertheless, for those that are retired or financially secure, the Santa Barbara area remains one of unmatched beauty and comfort.

  • Honolulu, HI
  • Everyone knows that Honolulu is a great place to vacation, but what about putting down roots in Hawaii's capital city? After a slow start, home appreciation is taking off like a rocket as well-to-do mainlanders are looking for a place to invest, and enjoy. The laid-back and easy-going attitude of the islands is infectious and helps explain the low violent crime rate. Restaurants, eager to please the international tourist clientele, are excellent and numerous. For the same reason, entertainment options are various and exciting. Even Honolulu's economy is remarkable\x97the unemployment rate is low and recent job growth is well above the national average. There are some downsides to consider. Nearly all consumer items must be shipped from the mainland, and this translates to a high cost of living. Other drawbacks are the high median home price ($550,100) and the possible claustrophobia of living on a small island. But if you don't mind the cost and isolation of living far off the mainland, then Honolulu is a safe and beautiful place to live.

  • Ann Arbor, MI
  • The University of Michigan is the foundation of the city's economy, providing stable employment to many residents and keeping the unemployment rate well below the national average. Perhaps it is no coincidence that the residents of Ann Arbor are well educated-- more than 20% have college degrees. Not only are there enough jobs to go around, but they also pay well -- Ann Arbor's per capita income is nearly 25% greater than the national average. The city's value makes it even more attractive-- its median home price is $220,000. Just be prepared for long winters -- the temperature dips below freezing 139 days a year. In addition, political conservatives might want to think twice about Ann Arbor, however, as its residents and city government are vigorously liberal.

  • Atlanta, GA
  • Atlanta is the largest city in our Top 10 Best Places to Live, having recently experienced a huge population boom. The crossroads of the South has become especially popular with young people looking for a sunny and exciting urban center that is easy on the checkbook, with its reasonable cost of living. Indeed, the city's affordable homes (median home price $164,100) and robust economy (high per-capita income) make Atlanta an excellent choice for young people concerned with value. The South has a reputation for oppressive heat and humidity, but statistically Atlanta has a warm and pleasant climate. Throw in four pro sports teams, great restaurants, and a diverse arts scene and Atlanta emerges a sizzling city on the move.

  • Asheville, NC
  • Asheville is situated at the foot of the Great Smoky Mountains, the highest part of the Appalachian Range. A low cost of living and affordable housing (median home price $202,100) offset the area's low measure of diversity and unremarkable economy. This mountain getaway was settled in the 1850's as a slow-paced health retreat, and it continues to be appealing to both families and retirees. Since the median age of Asheville residents is above the national average, retirees moving here will find themselves happily surrounded by their peers.

  • Reno, NV
  • Reno is another one of the Top 10 cities that has recently experienced significant population growth. New residents are attracted by the area's lack of crowding and absence of income tax. Reno boasts ample options for outdoor recreation, including skiing the Sierra Nevada's and exploring Lake Tahoe and its surrounding national forest. The days are sunny and the air is especially clean, but nights are cold and sub-freezing temperatures occur 189 days a year. The crime rate is a bit higher than the national average, but the Reno area is affordable (median home price $292,300), which makes it a smart choice for young people looking to move into a California-like climate on a budget.

  • Corvallis, OR
  • Corvallis is home to Oregon State University and hence many young singles. Technology stalwart Hewlett-Packard has a major presence here, which helps explain the city's low unemployment rate and impressive recent job growth. The presence of OSU and HP has created something of an intellectual center-- over 20% of its residents have earned a graduate or professional degree. The fertile Willamette Valley was the destination of 19th-century settlers from the Midwest, and since then has retained a peaceful agrarian feel. Summers are sublime and the winters are mild, if a bit wet. For recreation, the rugged Oregon coast is a 90 minutes to the west, the nearby Cascade range offers great skiing, and Portland is about 100 miles to the North. Considering it's affordability ($194,800 median home price), Corvallis presents an attractive mix of youth, intellectualism, and natural beauty. For a complete profiles of all 331 metropolitan areas, get a copy of "Cities Ranked and Rated." online or at your local bookstore or library. The book also includes maps, climate charts, comparison tables, plus additional profiles of the 45 new fast-growing mini-metro areas and 27 Canadian metro areas.

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Federal regulators set a safety threshold Friday for the industrial chemical melamine that is greater than the amount of contamination found so far in U.S.-made infant formula.

Food and Drug Administration officials set a threshold of 1 part per million of melamine in formula, provided a related chemical isn't present. They insisted the formulas are safe.

The setting of the standard comes days after The Associated Press reported that FDA tests had found traces of melamine in the infant formula of one major U.S. manufacturer and cyanuric acid, a chemical relative, in the formula of a second major maker. The contaminated samples, which both measured at levels below the new standard, had been analyzed several weeks ago.

The FDA had stated in early October that it was unable to set a safety contamination level for melamine in infant formula.

Though Dr. Stephen Sundlof, FDA's director of food safety, said Friday that there had been no new scientific studies since October that would give regulators more safety data, he said the agency was confident in setting the 1 part per million level for either of the chemicals alone. He emphasized that neither of the two tainted samples had both contaminants.

He had no ready explanation for why the level wasn't set earlier.

Sundlof said the lack of dual contamination was key because studies so far show dangerous health effects only when both chemicals are present.

The agency still will not set a safety level for melamine if cyanuric acid is also present, he said.

Both the new safety level and the amount of the chemical found in U.S.-made infant formula are far below the amounts of melamine added to infant formula in China that have been blamed for killing at least three babies and making thousands ill.

"The levels were so low ... that they do not cause a health risk to infants," Sundlof said. "Parents using infant formula should continue using U.S.-manufactured infant formula. Switching away from one of these infant formulas to alternate diets or homemade formulas could result in infants not receiving the complete nutrition required for proper growth and development."

Reacting to news of the contaminated formulas, members of Congress, a national consumer group and the Illinois attorney general have demanded a national recall, something the FDA said made no sense because it had no evidence suggesting that the formula would be dangerous for babies at the levels of contamination found.

After saying it made an error in its data, the FDA on Wednesday produced these results: Nestle's Good Start Supreme Infant Formula with Iron had two positive tests for melamine on one sample; Mead Johnson's Infant Formula Powder, Enfamil LIPIL with Iron had three positive tests on one sample for cyanuric acid.

Separately, a third major formula maker, Abbott Laboratories, told the AP that in-house tests had detected trace levels of melamine in its infant formula.

Those three formula makers manufacture more than 90 percent of all infant formula produced in the United States.

The FDA said it had analyzed 74 samples and was continuing to examine 13 more.

The agency had left the impression of a zero tolerance on Oct. 3 when it stated: "FDA is currently unable to establish any level of melamine and melamine-related compounds in infant formula that does not raise public health concerns."

The FDA and other experts said the melamine contamination in U.S.-made formula had occurred during the manufacturing process, rather than intentionally. The U.S. government quietly began testing domestically produced infant formula in September, soon after problems with melamine-spiked formula surfaced in China.

Melamine can legally be used in some food packaging, and can rub off into food from there. It's also part of a cleaning solution used on some food processing equipment.

There is a gap between the concentration that the FDA detected in formula and the agency's estimate of how much melamine could contaminate food from the manufacturing process. The expected contamination from processing -- 15 parts per billion -- is about one-tenth the amount that the agency has detected in infant formula. FDA officials have not responded to questions from the AP this week about how that gap might be explained.

The agency said it is continuing research on animals to see the effects of ingesting both melamine and cyanuric acid.



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Authorities say two people have been killed inside a Toys "R" Us store in Southern California.

Riverside County sheriff's Sgt. Dennis Gutierrez says Palm (nasdaq: PALM - news - people ) Desert police got a call saying shots had been fired inside the store Friday.


He says two people are dead inside, but further details were not immediately available.

Copyright 2008 Associated Press. All rights reserved. This material may not be published broadcast, rewritten, or redistributed



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Independent retailers are cutting prices and adding personal touches in order to stay afloat.

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In Pictures:
Eight Great Small-Store Holiday Sales

When Icelandic designer Steinunn Sigurd opened her flagship boutique in Reykjavik, Iceland, back in 2002, she didn't anticipate the financial avalanche that would come down on her country in September 2008.

However, Sigurd, whose namesake collection offers sexy, offbeat dresses, has chosen to press on despite the downturn. This holiday season, instead of holding one massive sale at the end of the year, she's promoting weekly sales--up to 70% off different products--in order to rid herself of as much inventory as possible.

Hers is one of many independent, high-end boutiques that are finding ways to cut prices or offer personal touches to make sure they see another holiday season--preferably one in which it doesn't take so much convincing to get consumers to spend.

"The world's financial situation is slowing down all future plans," says Sigurd, who hopes someday to expand to New York City. "My main goal is to stay with it. When things get better, so will I."

Widespread Pain
Sigurd's struggles, sadly, are not unique. The U.S. economy shrank by .5% in the third quarter of 2008, according to the Commerce Department, which is bound to affect up-and-coming businesses. And according to the European Union, the Eurozone--comprised of the E.U. countries that use the euro as currency--the economy shrank .2% during that same time period.

Howard Davidowitz, chairman of New York-headquartered Davidowitz & Associates, a national retail consultant and investment banking firm, says that smaller retailers truly suffer in times like these. Linda Dresner, the famed Park Avenue ladies boutique, is one of the downturn's first casualties--it will close after December. Shops like Dresner have it tougher in a downturn since they don't have mass distribution or access to public capital. Plus, their credit is reduced--or cut off altogether--much earlier.

"They have less leverage with lending institutions and creditors of all types," says Davidowitz. "They're the first ones to go, so to speak, because they can't compete with the big guys."



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Facebook For Patent Trolls

US News 2008. 11. 28. 02:57

For each Internet social network effort that thrives, there are dozens that fail to generate any interest from the surfing masses.

An early dud was BountyQuest.com, launched in 2000 with financial backing from Amazon's Jeff Bezos. The premise was simple: Posters to the site would highlight a patent they wanted to see blown out of the water, and visitors could receive up to $50,000 for presenting evidence that the patent wasn't, in fact, the first document to describe the invention in question. BountyQuest's problem was that too few got involved in the action. It fizzled within three years.


One former employee, Cheryl Milone, believes the company's business model deserves a second chance, given the rise in popularity of "crowdsourced" online projects like Wikipedia. In November, Milone, a Manhattan patent attorney, launched ArticleOnePartners.com to do more than just provide a means for prior-art mercenaries to peddle their wares. This time, Milone and a team of three intellectual property lawyers are the ones deciding which patents visitors should be harassing. And she's got two strategies for quickly turning a buck if a visitor does submit patent-busting information. (See "Meta Data: ArticleOnePartners.com").

Say a visitor sends ArticleOne evidence (an article in an obscure academic journal, for example) that calls into question the validity of one of Pfizer's Pfizer (nyse: PFE - news - people ) patents for cholesterol reducer Lipitor. Milone would make that information public on the site--and, at the same time, she could short the stock of Pfizer and go long on the stock of competitors eager to sell a generic version of Lipitor. In theory, she'd make a bundle once the industry finds out what she knows.

And if Milone doesn't see a way to make money on the markets using her newfound information? She could try selling the information to Pfizer directly--or to one of its competitors. "Our interest is first to monetize our research, to maintain our revenue stream," Milone says.

She might be on her way. Within three days of launching, ArticleOne received more than 50 prior-art submissions, some from as far away as India and the Ukraine. Milone calls visitors who submit prior art "advisors." A year from now, 5% of ArticleOne's net profit will be divvied up among the advisors, who will have been awarded points based on the amount of prior art they've coughed up. If an advisor provides prior art Milone and company think is strong enough to invalidate a patent, a $50,000 reward is automatic.

Milone wouldn't say who has funded ArticleOne, but she raised "low seven figures" from Wall Street investors and has invested some of her own money in the site. Milone insists funding hasn't come from major tech companies or wealthy patent trolls.

Posted by CEOinIRVINE
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