New evidence points towards water on Moon

London, September 19 (ANI): Two separate lunar missions have found evidence which indicates that the polar regions of the moon are chock full of water-altered minerals.

According to a report in Nature News, early results from NASA’s Lunar Reconnaissance Orbiter (LRO), launched on June 18, are offering a wide array of watery signals.

The Moon, in fact, has water in all sorts of places: not just locked up in minerals, but scattered throughout the broken-up surface, and, potentially, in blocks or sheets of ice at depth.

“We are on the verge of a renaissance in our thinking about the poles of the Moon, including how water ice gets there,” said Anthony Colaprete, principal investigator for the Lunar Crater Observation and Sensing Satellite (LCROSS), which on October 9, will slam into a polar crater with the intention of ploughing up a plume of water ice for many telescopic eyes to see.

The initial LRO results confirm what was long suspected as a way for ice to stay trapped on the Moon for billions of years.

A thermal mapping instrument showed that permanently shadowed regions within deep polar craters are as cold as 35o Kelvin (-238o Celsius).

Project scientist Richard Vondrak said that they are the coldest spots in the Solar System – even colder than the surface of Pluto.

Variations in the flux of neutrons suggests variability in water content among craters.

But, the surprise comes from a different instrument on LRO, which counts slow-moving neutrons as a way of measuring hydrogen abundance in the top metre or so of the surface.

This hydrogen is often interpreted as a proxy for water ice, although it could also be molecular hydrogen or hydrogen trapped in other molecules.

The LRO instrument has already found a significant excess of hydrogen at the poles.

But, with added resolution, it is seeing surprising variability within the polar regions. Some of the craters appear enriched in hydrogen. Others are not.

Stranger still, some areas outside the crater walls, which were thought to get too hot for water to linger, show an excess of hydrogen.

Vondrak said this shows that the water could have arrived more recently, or that it can persist if buried as impacts till the lunar soil.

If the LCROSS impact spews up ice, it will eliminate the last vestiges of doubt about water on the Moon.

It could also start a new hunt: to find a record of impact events, such as water-rich comet strikes, that put the ice there in the first place. (ANI)

Lee declares his goal for breaking 100 mph bowling speed barrier

London, Sep.14 (ANI): Fresh from destroying England with a scorching display of fast, swinging yorkers that skittled stumps all over Lord’s to help Australia seal a series-clinching 4-0 lead with three ODIs remaining, Brett Lee has declared his goal of breaking the 100mph (160.93km/h) speed barrier.

That feat would be worth a fair sum for a fast bowler who has already earned three million dollars in the past 12 months, according to Forbes magazine.

Lee could not force his way back into the side for the Ashes series and his Test future remains unclear but the 32-year-old remains far more marketable than his bowling peers.

The combination of blond-haired, blue-eyed good looks and sheer speed is an irresistible combination for some brands.

To date, only Pakistan’s Shoaib Akhtar has broken the 100mph limit, clocking 100.2mph (161.3km/h) during a World Cup match against England in 2003. Lee’s fastest delivery was recorded at 99.8mph (160.7km/h) at the same tournament.

“I know I’m in the team to try and bowl fast, there’s always talk about your age but I’m feeling really fit, probably the fittest I’ve ever felt,” Lee said after taking 5-49 at Lord’s on Saturday, clean-bowling four victims.

“I’m only 32 and I want to keep bowling in excess of 90mph for a long time yet but we’ll wait and see what happens with the body,” the Sydney Morning Herald quoted him, as saying. (ANI)

Weight gain in adulthood linked to prostate cancer risk

Washington, Sep 12 (ANI): Body size and weight gain in younger and older adulthood may help weigh a man’s proneness to prostate cancer, according to a study by researchers at the University of Hawaii at Manoa’s Cancer Research Center of Hawaii.

Led by Dr. Brenda Hernandez, the researchers said that the risk varies among different ethnic groups

For the study, the researchers studied the relationship in a multiethnic population consisting of blacks, Japanese, Hispanics, Native Hawaiians and whites, and compared differences among age groups using the Multiethnic Cohort, a longitudinal study of men 45-75 years of age established in Hawaii and California from 1993-1996.

Of the 83,879 men who participated in the study, 5,554 developed prostate cancer.

Overall, men who were overweight or obese by age 21 had a decreased risk of localized and low-grade prostate cancer, according to Hernandez.

Their results suggested that being overweight in older adulthood was associated with increased prostate cancer risk among white and Native Hawaiian men, but a decreased risk among Japanese men.

While excessive weight gain between younger and older adulthood was observed to increase the risk of advanced and high-grade prostate cancers in white men and increase the risk of localized and low-grade disease in black men, it appeared to decrease the risk of localized prostate cancer in Japanese men.

“The relationship of certain characteristics, such as body size, with cancer risk may vary across ethnic groups due to the combined influence of both genes and lifestyle,” said Hernandez.

However, the relationship between body size and prostate cancer risk is not entirely understood.

Excess fat is associated with a number of conditions that contribute to cancer development including low-grade chronic inflammation, insulin resistance, metabolic abnormalities, and hormone imbalances.

These conditions may in turn contribute to more aggressive prostate malignancies.

Ethnic differences in cancer risk may be explained by differences in the distribution of stored body fat that could have a differential effect on the development of prostate cancer.

And the distribution of body fat may influence the specific way that excess fat influences cancer risk.

The study has been published in Cancer Epidemiology, Biomarkers and Prevention, a journal of the American Association for Cancer Research. (ANI)

Engineers design buildings that can stand plumb after violent quakes

Washington, September 3 (ANI): A team of engineers from the Stanford University has designed a new earthquake-resistant structural system for buildings, which will not only help a multi-story building hold itself together during a violent quake, but also return it to standing up straight on its foundation afterward, true and plumb, with damage confined to a few easily replaceable parts.

Professor Greg Deierlein, Civil and Environmental Engineering, Stanford University, used the world’s largest shake table to test a new structural design that lets buildings rock during earthquakes, then pull themselves into plumb when the shaking stops, confining damage to replaceable steel “fuses.”

During testing on a massive shake table, the system survived simulated earthquakes in excess of magnitude 7, bigger than either the 1994 Northridge earthquake or the 1989 Loma Prieta earthquake in California.

“This new structural system has the potential to make buildings far more damage resistant and easier to repair, so people could reoccupy buildings a lot faster after a major earthquake than they can now,” said Greg Deierlein, professor of civil and environmental engineering at Stanford, who led the team that designed the new system.

The system dissipates energy through the movement of steel frames that are situated around the building’s core or along exterior walls.

The frames can be part of a building’s initial design or could be incorporated into an existing building undergoing seismic retrofitting.

They are economically feasible to build, as all the materials employed are commonly used in construction today and all the parts can be made using existing fabrication methods.

“What is unique about these frames is that, unlike conventional systems, they actually rock off their foundation under large earthquakes,” Deierlein said.

The rocking frames are steel braced-frames, the columns of which are free to rock up and down within steel “shoes” secured at their base.

To control the rocking and return the frame to vertical when the shaking stops, steel tendons run down the center of the frame from top to bottom.

These tendons are made of high-strength steel cable strands twisted together and designed to remain elastic during shaking.

When shaking is over, they rebound to their normal length, pulling the building back into proper alignment.

At the bottom of the frame sit steel “fuses” designed keep the rest of the building from sustaining damage.

“The idea of this structural system is that we concentrate the damage in replaceable fuses,” Deierlein said.

The fuses are built to flex and dissipate the shaking energy induced by the earthquake, thereby confining the damage. (ANI)

Signalling pathway operational in intra-abdominal fat identified

Washington, July 15 (ANI): Ben-Gurion University of the Negev (BGU) researchers and Germany-based University of Leipzig experts have announced the identification of a signalling pathway that is operational in intra-abdominal fat, the fat depot that is most strongly tied to obesity-related morbidity.

“Fat tissue in obesity is dysfunctional, yet, the processes that cause fat tissue to malfunction are poorly understood-specifically, it is unknown how fat cells ‘translate’ stresses in obesity into dysfunction,” said Dr. Assaf Rudich, senior lecturer from the Department of Clinical Biochemistry at Ben-Gurion University.

Fat tissue is no longer considered simply a storage place for excess calories, but in fact is an active tissue that secretes multiple compounds, thereby communicating with other tissues, including the liver, muscles, pancreas and the brain.

Normal communication is needed for optimal metabolism and weight regulation, but in obesity, fat (adipose) tissue becomes dysfunctional, and mis-communicates with the other tissues.

According to the researchers, this places fat tissue at a central junction in mechanisms leading to common diseases attributed to obesity, like type 2 diabetes and cardiovascular diseases.

The researchers highlight the fact that fat tissue dysfunction is believed to be caused by obesity-induced fat tissue stress: Cells over-grow as they store increasing amounts of fat. They say that this excessive cell growth may cause decreased oxygen delivery into the tissue; individual cells may die (at least in mouse models), and fat tissue inflammation ensues.

Excess nutrients, they add, may also lead to increased metabolic demands, and cause cellular stress.

The BGU and Leipzig teams collected fat tissue samples from people undergoing abdominal surgery, and identified a signalling pathway that is operational in intra-abdominal fat, the fat depot that is most strongly tied to obesity-related morbidity.

They say that the degree of activation of a signalling pathway from these individuals was compared with those of leaner people, those with obesity predominantly characterized by accumulation of “peripheral” fat, and those with obesity with predominant accumulation of fat within the abdominal cavity.

They found that the signalling pathway was more active depending on the amount of fat accumulation in the abdomen, and that it correlated with multiple biochemical markers for increased cardio-metabolic risk.

In their study report, they have revealed that the expression of one of the upstream signaling components, a protein called ASK1, predicts whole-body insulin resistance (an endocrine abnormality that is strongly tied to diabetes and cardiovascular disease), independent of other traditional risk factors.

The researchers have also shown that although non-fat cells within adipose tissue express most of this protein in lean persons, the adipocytes themselves increase its expression by more than four-fold in abdominally-obese persons.

“The importance of this study is not only in contributing to the understanding of adipose tissue dysfunction in obesity, but as a consequence, may provide important leads for novel ways to prevent the dangerous consequences, such as type 2 diabetes, of intra-abdominal fat accumulation,” states Dr. Iris Shai, a BGU researcher at the S. Daniel Abraham International Center for Health and Nutrition and Soroka University Medical Center in Beer-Sheva, Israel.

The study has been published in the Endocrine Society’s the Journal of Clinical Endocrinology and Metabolism. (ANI)

Obesity linked to increased risk of rapid cartilage loss

Washington, July 14 (ANI): A new study has shown that obesity, among other factors, is strongly associated with an increased risk of rapid cartilage loss.

Tibio-femoral cartilage is a flexible connective tissue that covers and protects the bones of the knee. Cartilage damage can occur due to excessive wear and tear, injury, misalignment of the joint or other factors, including osteoarthritis (the most common form of arthritis).

In osteoarthritis, the cartilage breaks down and, in severe cases, can completely wear away, leaving the joint without a cushion. The bones rub together, causing further damage, significant pain and loss of mobility.

The best way to prevent or slow cartilage loss and subsequent disability is to identify risk factors early.

“Osteoarthritis is a slowly progressive disorder, but a minority of patients with hardly any osteoarthritis at first diagnosis exhibit fast disease progression,” said the study’s lead author, Frank W. Roemer, M.D., adjunct associate professor at Boston University and co-director of the Quantitative Imaging Center at the Department of Radiology at Boston University School of Medicine.

“So we set out to identify baseline risk factors that might predict rapid cartilage loss in patients with early knee osteoarthritis or at high risk for the disease,” Dr. Roemer added.

The researchers recruited patients from the Multicenter Osteoarthritis (MOST) Study, a prospective study of 3,026 people, age 50 – 79, at risk for osteoarthritis or with early x-ray evidence of the disease.

Dr. Roemer’s study consisted of 347 knees in 336 patients. The patient group was comprised of 65.2 percent women, mean age 61.2, with a mean BMI of 29.5, which is classified as overweight. Recommended BMI typically ranges from 18.5 to 25. Only knees with minimal or no baseline cartilage damage were included.

Of 347 knees selected for the study, 20.2 percent exhibited slow cartilage loss over the 30-month follow-up period and 5.8 percent showed rapid cartilage loss.

Rapid cartilage loss was defined by a whole organ magnetic imaging score of at least 5, indicating a large full thickness loss of 75 percent in any subregion of the knee during the follow-up period.

The results showed that the top risk factors contributing to rapid cartilage loss were baseline cartilage damage, high BMI, tears or other injury to the meniscus (the cartilage cushion at the knee joint) and severe lesions seen on MRI at the initial exam. Other predictors were synovitis (inflammation of the membrane that lines the joints) and effusion (abnormal build-up of joint fluid).

Excess weight was significantly associated with an increased risk of rapid cartilage loss. No other demographic factors-including age, sex and ethnicity-were associated with rapid cartilage loss.

“As obesity is one of the few established risk factors for osteoarthritis, it is not surprising that obesity may also precede and predict rapid cartilage loss,” Dr. Roemer said.
he study has been published in the August issue of Radiology. (ANI)

Wealthy mothers tend to produce more sons

London, July 8 (ANI): Wealthy mothers are likely to bear more sons, while their less privileged counterparts tend to produce more daughters, according to a new study.

Since women are said to be tougher than men, evolutionary theories suggest those living in poorer communities are predisposed to giving birth to girls to ensure survival of the family line, as men are more at risk of dying younger.

The research team led by social psychologist Dr. Thomas Pollet at Groningen University in the Netherlands says that this reveals a “previously undetected form of sex-ratio biasing in humans.”

During the study, the researchers looked at 95,000 Rwandan mothers in either monogamous unions, involving a single couple or polygynous marriages – a form of polygamy, where the man has several wives.

The low-ranking wives in polygynous marriages are believed to be worse because they get a smaller share of their husband’s resources.

The researchers found that third or lower-ranking wives had 106 daughters for every 100 sons, compared with those in monogamous marriages who had 99 daughters for every 100 sons.

“Our findings show that low-ranking wives, of third order or lower, have lower fertility than other women, suggesting that they are in poorer condition,” the Telegraph quoted Pollet as saying.

“These low-ranking wives have relatively more daughters than higher-ranking and monogamously married wives.

“Mothers in poor condition, here lower-ranking co-wives in a polygynous marriage, may overproduce daughters because these give them greater fitness returns than sons,” he added.or example, black mothers in America have long born fewer boys than white mothers who have seven more for every thousand births.

The study also has implication for countries like India and China where female infanticide occurs, as the findings suggest these countries cannot avoid having an excess of daughters.

Thirty years ago, Robert Trivers, an evolutionary biologist, and Dan Willard, a mathematician had argued that strong healthy women tend to have sons in order to ensure her genes and family line are passed on.

These sons are in turn strong and outdo other weaker male offspring to reproduce – thus ensuring survival of the fittest and of the family line.

But weaker or poor mothers tend to have weaker sons who do not do well and are more likely to die early – earlier than women in the same society.

To ensure survival of the family line, the women tend to have daughters because they are more likely to be survive long enough to become parents themselves.

The study appears in Biology Letters. (ANI)

New discovery can help thwart Parkinson’s disease

Washington, July 8 (ANI): Scientists from King’s College London say that blocking the release of chemical glutamate in the brain may help prevent Parkinson’s disease.

Dr. Susan Duty said that one of the contributing factors to nerve cell death is an excess of the chemical glutamate in the motor control pathways in the brain.

An excess of this chemical changes the way these pathways operate, and makes movement even less well controlled.

She said that stimulating ‘trigger points’ responsible for the release of a chemical that can kill brain cells can help thwart Alzheimer’s.

“The way we hope to achieve this is by stimulating protein targets on the nerve cell called metabotropic glutamate receptors. Certain types of these receptors, when stimulated, are known to prevent release of glutamate in other brain regions,” said Duty.

“We, and others, have now taken these ideas into regions relevant to Parkinson’s disease in the hope of reversing both the clinical signs and cell death associated with this condition.

“We, and others, have now taken these ideas into regions relevant to Parkinson’s disease in the hope of reversing both the clinical signs and cell death associated with this condition,” she added.

Duty said that current drugs could only treat the symptoms but not the underlying cause of the disease.

“They provide relief of symptoms by replacing the chemical, dopamine, which the dying cells would normally secrete in order to maintain proper control of movement,” she said.

“However, they do little to combat the ongoing progressive cell death meaning that symptoms get worse, higher doses of drug are needed to control the worsening symptoms, the result being appearance of disabling side-effects such as involuntary flailing limb movements and painful twisting of joints.

“Given the disease is progressive in nature, the continued death of cells in the substantia nigra leads to gradual worsening of symptoms and decline in patients’ quality of life over time.

“Finding drugs that can provide protection or repair to the dying cells – as well as relieve the clinical signs of Parkinson’s – is therefore a key area of interest in this field,” she added.

The study was presented at The British Pharmacological Society’s Summer Meeting in Edinburgh. (ANI)

Even tiny levels of carbon monoxide can damage fetal brain

Washington, June 26 (ANI): A new study has shown that exposure to even miniscule levels of carbon monoxide during pregnancy can have an adverse impact on fetal brain, resulting in permanent impairment.

“We expected the placenta to protect fetuses from the mother’s exposure to tiny amounts of carbon monoxide,” said John Edmond, professor emeritus of biological chemistry at the David Geffen School of Medicine at UCLA.

“But we found that not to be the case,” he added.

During the study, the researchers exposed pregnant rats to 25 parts per million carbon monoxide in the air, a level considered safe.

Dr. Ivan Lopez, UCLA associate professor of head and neck surgery, tested the rats’ litters 20 days after birth.

He found that rats born to animals who had inhaled the gas suffered chronic oxidative stress, a harmful condition caused by an excess of harmful free radicals or insufficient antioxidants.

“Oxidative stress damaged the baby rats’ brain cells, leading to a drop in proteins essential for proper function,” said Lopez.

“Oxidative stress is a risk factor linked to many disorders, including autism, cancer, Alzheimer’s, Parkinson’s, Lou Gehrig’s disease, multiple sclerosis and cardiovascular disease. We know that it exacerbates disease,” he added.

“We believe that the minute levels of carbon monoxide in the mother rats’ environment made their offspring more vulnerable to illness,” said Edmond.

“Our findings highlight the need for policy makers to re-examine the regulation of carbon monoxide,” the expert added.

Tobacco smoke, gas heaters, stoves and ovens all emit carbon monoxide, which can rise to high concentrations in well-insulated homes. Infants and children are particularly vulnerable to carbon monoxide exposure because they spend a great deal of time in the home.

The findings appear in journal BMC (BioMed Central) Neuroscience. (ANI)

Now, a memory device that may store data for 1 billion yrs

Washington, May 25 (ANI): Scientists have come up with a new computer memory device that can store thousands of times more data than conventional silicon chips and that too for more than one billion years.

Packing more digital images, music, and other data onto silicon chips in USB drives and smart phones is like squeezing more strawberries into the same size supermarket carton.

The denser you pack, the quicker it spoils. The 10 to 100 gigabits of data per square inch on today’s memory cards has an estimated life expectancy of only 10 to 30 years.

The electronics industry needs much greater data densities for tomorrow’s iPods, smart phones, and other devices.

Now, Alex Zettl and colleagues have described the development of an experimental memory device consisting of an iron nanoparticle (1/50,000 the width of a human hair) enclosed in a hollow carbon nanotube.

In the presence of electricity, the nanoparticle can be shuttled back and forth with great precision.

This creates a programmable memory system that, like a silicon chip, can record digital information and play it back using conventional computer hardware.

In lab and theoretical studies, the researchers showed that the device had a storage capacity as high as 1 terabyte per square inch (a trillion bits of information) and temperature-stability in excess of one billion years.

The study is scheduled for publication in the June 10 issue of ACS’ Nano Letters, a monthly journal. (ANI)

Dual nutrient strategy vital to improve aquatic ecosystems

Washington, May 19 (ANI): A scientist has stressed on the need for a dual nutrient strategy to improve aquatic ecosystems.

Excess phosphorus and nitrogen produced by human activities on neighboring land is making its way into coastal waters and degrading both water quality and aquatic life.

Although historically the priority has been to control phosphorus, Professor Hans Paerl, from the University of North Carolina in the US, argues that nitrogen imbalance is equally damaging.

According to Professor Paerl, a dual nutrient strategy, which tackles both phosphorus and nitrogen surplus, is necessary to manage effectively this nutrient over-enrichment and resulting habitat degradation of coastal waters in the long-term.

The combination of human population growth, urbanization, and agricultural and industrial expansion is causing unprecedented and alarming rates of nutrient over-enrichment and accelerated plant growth in receiving waters worldwide.

The increasing levels of nitrogen and phosphorus are of particular concern because an excess of these two nutrients promotes accelerated production of plant-based organic matter (or eutrophication) to the extent that excessive production, including harmful algal blooms, contributes to the expansion of marine ‘dead zones’ and leads to the destruction of fisheries habitat.

The negative consequences of eutrophication have been apparent in freshwater habitats for a long time and phosphorus has been identified as the key nutrient responsible.

While freshwater lakes have, over the past few decades, received continual doses of phosphorus, many coastal systems have experienced ever-increasing nitrogen loads from rapidly growing human sources, with severe negative impacts on ecosystem structure and function.

This has led to the need for nitrogen control measures.

Professor Paerl shows that the argument for reducing surplus phosphorus alone, to control eutrophication, is idealized and conceptually and technically inapplicable to many freshwater and marine ecosystems.

He added that focusing on phosphorus alone ignores the fact that natural and human influences that affect upstream waters have significant adverse consequences on downstream waters.

Therefore, it is essential to look at nutrient control measures and their effects across the entire freshwater to marine continuum, not each one in isolation.

According to Professor Paerl, “The dual nutrient approach represents an evolutionary step in arresting eutrophication, with consideration of the larger scale freshwater-marine continuum being the driving force.” (ANI)

NASA astronaut becomes first man to use Twitter from space

London, May 14 (ANI): Mike Massimino, a member of the NASA crew sent to Hubble, has become the first man to have sent a Twitter message from out of space.

Accoridng to a report in the Telegraph, his first tweet proclaimed: “From orbit: Launch was awesome!! I am feeling great, working hard, and enjoying the magnificent views, the adventure of a lifetime has begun!”

His second, sent via the computers on board the space shuttle Atlantis, said:

“From orbit: Getting more accustomed to living in space today and getting ready for our big rendezvous with hubble.”

Twitter, the popular micro-blogging service, has been used by thousands of people in unusual and controversial locations.

NASA confirmed that this Massimino – who goes by the Twitter nickname Astro_Mike – was the first man to have sent a Twitter message from out of space.

“Tweeting happens every day down here on earth, so why not take it to beyond Earth?” said a spokesman at the Kennedy Space Centre.

Massimino started using the blogging service in April and until recently had just a few hundred followers.

He now has in excess of quarter of a million people following his updates on Twitter, thanks to his regular messages in the lead up to launch day on Monday, which gave small details about his preparations and fitness regime.

Twitter, which allows people to post small messages, of no more than 140 characters, has taken off this year, with celebrities, politicians as well as about 15 million of ordinary people using the service. (ANI)

Molecule that raises cardiac insufficiency risk identified

Washington, Apr 25 (ANI): Researchers from Center for Applied Medical Research (CIMA) of the University of Navarra have found a key enzyme in the development of cardiac insufficiency.

The enzyme is involved in the accumulation of fibrous tissues in the hearts of patients with chronic cardiac diseases and deterioration of heart functions.

The research project, published in the journal Hypertension, is part of a project of the “Red Europea de Excelencia en Hipertensisn y Enfermedades Cardiovasculares” [European Network of Excellence in Hypertension and Cardiovascular Diseases], in which research groups from Belgium, the Netherlands, Italy, Great Britain, France, Germany, Finland and Poland are all participating.

The accumulation of fibrosis in the heart has been proven to have a significant influence on the development of cardiac insufficiency among patients with chronic heart disease.

The research team from the CIMA analyzed the expression of Llysyl oxidase, an enzyme which regulates the amount of fibrous tissue in cardiac muscle.

“By means of molecular and histological methods, we have found that the cardiac muscle in patients with cardiac insufficiency contains an excess of this enzyme as well as collagen fiber (which it produces). These factors are associated with the deterioration of cardiac functions,” explained Dr. Begoqa Lspez, Lead Researcher of the project.

According to the researchers, this project shows that some drugs prescribed for patients with cardiac insufficiency do not actually inhibit the enzyme lysyl oxidase, nor do they reduce fibrosis or improve heart functions. Other drugs however, which are less commonly used, do have these beneficial qualities.

“Our work opens new possibilities for treating patients with heart disease through the inhibition of the enzyme. The development of cardiac insufficiency could thus be impeded,” said Begoqa Lspez. (ANI)

UK’s Labour Government has spent 7 million pounds on wine since coming to power

London, Apr.24 (ANI): Since Labour came to power in Britain in 1997, it has spent an astonishing seven million pounds on wine through the Government Hospitality Unit.

According to the Daily Mail, the incredible tab emerged a day after Chancellor of Exchequer Alistair Darling’s Budget revealed Government borrowing of 175 billion pounds this year and a national debt of 1.4 trillion pounds within four years. It was also a budget that slapped an extra two per cent on the cost of beer, wine and spirits.

Last night, the excess was labelled as the final insult to recession-hit households dealt by a political elite out of touch with reality.

The figures were unearthed by front bench Conservative MP Grant Shapps. Schapps also found that there is a Whitehall committee charged with picking the finest vintages.

Favourite tipples downed in Whitehall include vintage champagne, wines from Burgundy, Bordeaux and the Loire Valley. It also has the pick of New World wines from Australia, New Zealand, Argentina and Chile. (ANI)

IPL II set to impose astronomic fines for slow play

Cape Town (South Africa), Apr.17 (ANI): Astronomic fines lie in wait for captains and teams that play their cricket at a snail’s pace in the second edition of the Indian Premier League (IPL) in South Africa.

The organisers of the Twenty20 series have warned that they will dish out severe punishments to teams that don’t bowl their 20 overs inside the allotted time slot.

IPL chairperson Lalit Modi told a press conference on Thursday that teams may be fined in excess of R3.2-m if they go over the allotted time. He claimed that teams last year at times took up to 45 minutes longer than the allotted 80 minutes.

One of the big attractions of Twenty20 cricket is that matches finish inside three hours. Each team usually gets 80 minutes to bowl its 20 overs, with a break of 20 minutes between innings. This year, there will be a break of seven-and-a-half minutes after 10 overs for teams to discuss their strategies.

Modi believes that will put an end to any excuse that teams may have for not going through their overs quickly enough.

Matches will now last for three hours and 15 minutes.

According to Sports24, fines for teams that go over their allotted time are as follows:

20 000 dollars fine for the captain that transgresses first;

220 000 dollars fine for the entire team when a second transgression takes place; and

360 000 dollars fine for a third offence. The captain will then also be suspended for one game. (ANI)

1-Unicredit says faces $360 mln claim in New Mexico

MILAN, April 11 (Reuters) – Unicredit (CRDI.MI), Italy’s second-biggest bank by market value, said it faced a claim for more than $360 million in the U.S. state of New Mexico over sale of collateralized debt obligations (CDOs) by its units there.

Frank Foy and his wife have filed on behalf of the state a claim related to the sale of CDOs by Unicredit’s Vanderbilt unit to the New Mexico Educational Retirement Board (ERB) and the State of Mexico Investment Council (SIC), Unicredit said in its 2008 report published on its website, www.unicreditgroup.eu.

Foy said he was the New Mexico ERB’s chief investment officer before retiring in March 2008.

CDOs are high-risk complex financial instruments issued with loans, bonds and other assets as collateral and their value plummeted in the wake of the U.S. subprime mortgage meltdown.

“Mr. Foy seeks, on behalf of the State, a total in excess of $360 million in damages, plus penalties, under the New Mexico Fraud Against Taxpayers Act on the grounds that Vanderbilt and the other defendants mentioned below falsely obtained $90 million in investment funds from ERB and SIC,” it said.

Unicredit, the Italian bank that has expanded most strongly abroad, saw net profit plunge 38 percent to 4.01 billion euros ($5.33 billion) in 2008 as a result of the financial crisis.

“We don’t have any information in this very preliminary phase which would allow us to quantify a potential loss in a reliable manner. However, for the time being, the claim has not been regularly served to any company belonging to our group,” Unicredit said.

Efforts by Reuters to contact a spokesperson for Chicago-based Vanderbilt Capital were unsuccessful.

Foy claimed the state lost $90 million of the initial investment and $30 million more in lost earnings, the bank said.

That meant total damages sought exceeded $360 million because alleged damages are automatically trebled under the New Mexico Fraud Against Taxpayers Act, Unicredit said.

($1=.7530 Euro) (Reporting by Svetlana Kovalyova, editing by Anthony Barker and Philip Barbara)

CII tells govt to pump in more money

The Confederation of Indian Industry (CII) on Tuesday urged the government to print more currency notes to bridge the fiscal deficit and keep the economy afloat, which is reeling under the impact of the global financial meltdown.

“If the government is going to borrow from the market to fill the fiscal deficit, then they are going to suck up all the money available in the banks and we will be drained out,” new CII president Venu Srinivasan told reporters at his maiden press conference.

Pitching for monetisation of the Budget deficit, he said, “It means printing notes. Which means you have the risk of increasing inflation but at the same time you will keep the economy afloat.” Srinivasan further said that the government should also amend the Fiscal Responsibility and Budget Management Act, which imposes restrictions on public expenditure.

Raising concerns over the government’s decision to raise an additional Rs 300,000 crore during 2009-10 to fund public expenditure, the CII president said that very little money would be left for the private sector.

Adding off-budget items and state deficits, total government deficit is likely to be in excess of 10% of the GDP, he said, adding revenue deficit accounts for over 70% of the fiscal deficit.

Asked whether monetisation would help or not, Srinivasan said, “Otherwise, with such a high level of deficit, you will find investments drying up in the country.”

He also said that the government should further reduce key interest rates like repo (short-term lending rate) and reverse repo rates. “There is need to reduce repo and reverse repo rates by 50 basis points,” he added.

He said that at the current rates several projects are still not viable.

While ruling out any possibility about the country slipping into deflation, Srinivasan said that the government should not publish the inflation data weekly.

“High borrowing is keeping interest rates from falling in line with inflation,” he said.

Suggesting more fiscal measures, he said that the government should further ease the indirect taxes – excise, service tax for specific sectors.

He also said that to avoid injury to the domestic industry owing to artificially low-priced imports, an aggressive safeguard mechanism needs to be in place.

“This could be supplemented by strengthening anti-dumping directorate,” he said.

To deal with the land acquisition issues to stimulate the manufacturing sector, he said that the government should acquire land systematically and transfer it to industry in a transparent manner.

British police clash with G20 protesters

Police clashed with demonstrators gathered around the Bank of England in the heart of London’s financial centre on Wednesday during a day of protest against the G20 summit.

Riot police staged baton charges to try to disperse several hundred people protesting against a financial system they said had robbed the poor to benefit the rich.

Demonstrators earlier attacked a nearby branch of Royal Bank of Scotland (RBS), shattering three windows.

Rescued by the government in October, RBS and former boss Fred Goodwin, who controversially refused to give up a pension of 700,000 ($1 million), became lightning rods for public anger in Britain over banker excess blamed for the financial crisis.

During the protests one man died after he collapsed and stopped breathing. Police said they tried to resuscitate him but that they came under a hail of bottles. The man was taken by ambulance to a nearby hospital where he was pronounced dead.

A police source said it was likely the man died from a medical condition but that a post-mortem was needed.

The protests in London’s City financial area coincided with a G20 meeting of the world’s leading and emerging economies.

Protesters hurled paint bombs and bottles, chanting: “Our streets! Our banks!”

RBS said in a statement it was “aware of the violence” outside its branch and “had already taken the precautionary step” of closing central City branches.

As dusk fell, police charged a hard core of anti-capitalist demonstrators in an attempt to disperse them before nightfall. Bottles flew through the air towards police lines and police on horseback stood by ready to intervene.

Some protesters set fire to an effigy of a banker hanging from a lamp post.

Police brought out dogs as they tried to channel the few hundred remaining protesters through the narrow streets surrounding the classical, stone-clad Bank of England.

Police said 63 protesters had been arrested by late evening and at least one officer was taken to hospital for treatment, although he was not believed to be seriously hurt.

Some 4,000 protesters had thronged outside the central bank. A Gucci store nearby was closed and had emptied its windows.

Demonstrations were planned for Thursday at the venue in east London where world leaders will discuss plans to fight the financial crisis, police said.

HORSEMEN OF THE APOCALYPSE

During Wednesday’s protests, demonstrators marched behind models of the “four horsemen of the apocalypse” representing financial crimes, war, climate change and homelessness.

Some threw eggs at police and chanted, “Build a bonfire, put the bankers on the top”. Others shouted “Jump” and “Shame on you” at financial sector workers watching the march from office block windows.

“I am angry at the hubris of the government, the hubris of the bankers,” said Jean Noble, a 60-year-old from Blackburn in northern England.

“I am here on behalf of the poor, those who are not going to now get their pension or who have lost their houses while these fat cats keep their bonuses, hide their money in tax havens and go and live where nobody can touch them.”

A smaller demonstration against Britain’s military role in Iraq and Afghanistan attracted several hundred people in Trafalgar Square, not far from parliament.

The protests, which brought together anti-capitalists, environmentalists, anti-war campaigners and others, were meant to mark what demonstrators called “Financial Fools’ Day” — a reference to April Fool’s Day which falls on April 1.

Police stopped a military-style armoured vehicle with the word “RIOT” printed on the front and a police spokesman said its 11 occupants were arrested for having fake police uniforms.

Oceans were filled with oxygen 700 million years earlier than believed

Sydney, March 17 (ANI): An international team of geologists has claimed that photosynthesizing life forms created an excess of oxygen in the oceans 700 million years earlier than previous estimates suggest.

According to a report in ABC News, bands of haematite in the Marble Bar Cherst reveal the presence of aerobic bacteria nearly 3.5 billion years ago.

The research pushes back the earliest appearance of photosynthesizing organisms from 2.7 to 3.46 billion years ago.

Microscopic organisms such as cyanobacteria create oxygen as a by-product of photosynthesis.

The timing of their first appearance is hotly debated as it provides clues as to how early life on earth evolved.

Until now, the earliest evidence of photosynthesis was microscopic fossils found in shale rocks in Western Australia dating from 2.7 billion years ago.

Now, a team of Japanese, US and Australian scientists, led by Dr Masamichi Hoashi of the Kagoshima University, Japan, have found evidence for oxygen in ancient sea water from marine sedimentary rocks in the Pilbara region of Western Australia.

The evidence comes from tiny crystals of the iron-oxide mineral haematite in a 160-metre-long core section that forms part of the Marble Bar Chert.

Haematite can form in the presence of aerobic (oxygen-loving) bacteria in the water, or by photo-electric processes in the upper 10 metres of seawater.

According to the researchers, haematite crystals in the Marble Bar Chert formed in water at least 200 meters deep, because microscopic analysis of the rocks show no sign of wave action or other structures characteristic of shallow-water sediments.

The orientation and nature of the grains of haematite also show that it precipitated directly from the seawater, rather than forming later from other processes, such as the movement of groundwater, they added.

“These data strongly suggest that oxygenic photoautotrophs flourished in the photic zone of the 3.46 billion-year-old oceans and supplied molecular oxygen to the deep water,” said the researchers.

Professor Hiroshi Ohmoto from the NASA Astrobiology Institute and Department of Geosciences at the Pennsylvania State University said that other data backs their claim for an early development of photosynthesizing life.

“Recently accumulated massive amounts of geochemical and biochemical data can be better explained by a theory postulating the emergence of oxygenic photosynthesis and the development of a fully oxygenated atmosphere in the very early evolutionary stage,” said Ohmoto.

“Once cyanobacteria appeared in one area of the ocean, it probably took less than 10 million years to fully oxygenate the atmosphere and oceans,” he added. (ANI)