Obama tells Democratic governors economic turnaround not around cornerOctober 1st, 2009 Obama: These are challenging times for statesWASHINGTON — President Barack Obama said Wednesday that he is committed to helping keep Democrats in governors' offices across the country and move their states forward, starting with changes to the health care system. At a Democratic Governors Association fundraiser, Obama said it's no secret that these are challenging times for the states and the nation.
Consumers follow predictable pattern when it comes to ordering food, drinksSeptember 22nd, 2009 WASHINGTON - While ordering food and drinks in a restaurant, people tend to follow a predictable pattern, says a new study. The study found that people in groups apparently tend to seek variety when making initial orders, then gravitate toward similar choices, and then, as the group consensus grows, to move away from popular choices.
Women with high testosterone levels more likely to choose risky careersAugust 25th, 2009 WASHINGTON - Women with high testosterone levels are more likely to make risky career choices, according to a new study. Previous studies have shown that testosterone enhances competitiveness and dominance, reduces fear, and is associated with risky behaviours like gambling and alcohol use.
AP source: White House to project $2 trillion higher deficit over next decadeAugust 21st, 2009 AP source: $2 trillion higher deficit projectedWASHINGTON — A White House budget official says the Obama administration expects the federal deficit over the next decade to be $2 trillion bigger than previously estimated. The projection now is for a deficit of $9 trillion.
Ex- U.S. Governor's wife says his affair 5,000 miles away was unrealisticAugust 18th, 2009 WASHINGTON - South Carolina Governor Mark Sanford's estranged wife Jenny has told the Vogue magazine that she never imagined her husband would travel 5,000 miles to keep his extra-marital affair with a South American alive. "It never occurred to me that he would do something like that.
Ants more rational than humans in taking decisions in groupsJuly 25th, 2009 WASHINGTON - When it comes to decision-making in groups, ants turn out to be more rational than humans, according to a study conducted by researchers from Arizona State University and Princeton University. However, the study"s architects-Stephen Pratt and Susan Edwards-say that the findings do not mean that humans are "stupider" than ants, but this only implies that humans and animals simply often make irrational choices when faced with very challenging decisions.
White House defends stimulus model that proved overly optimistic, says jobs goal remains solidJune 8th, 2009 White House defends optimistic stimulus modelWASHINGTON — The White House is defending the overly optimistic economic models it used to justify the historic stimulus plan. Four months after the stimulus was passed, unemployment is far higher than expected and continuing to rise.
White House defends estimate that stimulus bill will save or create 3.5 million jobsMay 11th, 2009 White House: Stimulus on pace for 3.5 million jobsWASHINGTON — The Obama administration is defending its claim that the $787 billion economic stimulus plan will save or create 3.5 million jobs before 2011 even while conceding that unemployment will likely continue to rise beyond its earlier predictions. A report Monday by the White House Council of Economic Advisers said the projections were based on conservative estimates and widely accepted assumptions.
Higher IQ makes for wiser economic decisionsApril 28th, 2009 WASHINGTON - People with higher intelligence levels are more likely to make sound economic decisions, according to a new study. The study involved 1,000 trainee truck drivers at Schneider National, Inc., an American motor carrier employing 20,000 people.
'Menus should have data on calories, nutrition'April 1st, 2009 WASHINGTON - Providing calorie and nutrition information on the menu can influence consumers' food choices and prompt them to eat sensibly, a new report says. More and more Americans eating out demand nutritional labelling of restaurant food as the country faces an epidemic of obesity.
Overcoming first temptation prevents you from slipping the next timeApril 1st, 2009 WASHINGTON - The temptation to gorge on that sumptuous chocolate cake, or the urge to buy that discounted pair of shoes, can be curbed if a person has already been exposed to similar choices before, according to a study. The study shows that people's resistance gets a boost after they have just been exposed to similar temptations.
Jade Goody penned emotional farewell to sons before deathApril 1st, 2009 LONDON - Jade Goody tried to recreate her life with family in a photo album and wrote a touching farewell to her sons before she died. The late Brit reality TV star, who lost her battle to cervical cancer on Mother's Day, had started putting together the album, Remember Me This Way, after she learnt about her fatal disease.
Rising global temperatures spell chilling economics for world's poorMarch 17th, 2009 WASHINGTON - Rising global temperatures are likely to aggravate the rich poor-divide, according to a recent economic analysis at the MIT. Benjamin A. Olken, MIT associate professor of economics, concluded on the basis of global data from 1950 to 2003 that a degree Celsius rise in a given year reduces economic growth by an average of 1.1 percentage points in the world's poor countries but has no measurable effect in rich countries.
Jane Fonda returns to theatre after 46 yearsMarch 12th, 2009 LONDON - Hollywood veteran Jane Fonda returned to the stage Tuesday for the first time since 1963. A little older, wiser and with two Oscars under her belt, Fonda, 71, received a standing ovation for her work in '33 Variations', reports dailymail.co.uk.
Consumers do not always buy what they really wantJanuary 26th, 2009 WASHINGTON - Consumers do not end up always buying the product they really want, especially when their minds are preoccupied with other tasks, according to a new study. The research, conducted by Aimee Drolet of the University of California Los Angeles (UCLA), Mary Frances Luce (Duke University) and Itamar Simonson (Stanford University) identified two factors that can lead consumers to use shortcuts (heuristics) when they make product choices.
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