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DANVILLE, Ind. -- A high-tech, rotating bed already saving lives at Indiana hospitals could be critical in the fight against the H1N1 flu. Hendricks Regional, Methodist and St. Vincent hospitals are using the RotoProne bed, a complex contraption that helps alleviate lung pressure and restore normal breathing, 6News' Stacia Matthews reported...

Uncle Sam's gift to the prudent saver: Less money By Allan Sloan Tuesday, October 20, 2009 This is a quiz. What do the record-high Wall Street bonuses have in common with the record-low yields for savers? Answer: They show yet another way that prudent people, especially those living on fixed incomes, are being cheated by the government's bailout of the imprudent. Here's the deal. The government is spending trillions to keep interest rates down to support the economy and prop up housing prices, and those low rates have inflicted collateral damage on savers' incomes. "It's a direct wealth transfer from...

China: More Trade Tensions 2 comments by: Michael Pettis September 25, 2009 | about: FXI / PSJ While the G20 leaders make reassuring noises about international trade, I think the risk of rising trade tensions have not abated at all. As I see it, everything depends on whether or not domestic Chinese polices had any role in creating the global imbalances, and if they did, then we are still in the early stages of a difficult process of assigning the costs of the global adjustment through trade. Beijing hates when anyone suggests that Chinese policies were partly at fault for...

Bank of England warns of the consequences of thrift An attempt by British consumers to rein in spending after the harsh lessons of the recession could limit growth and therefore depress household income further, the Bank of England warns today.

WASHINGTON (AP) - The recession has eaten into people's nest eggs so the government is promoting ways to make it easier to save for retirement. One initiative that President Barack Obama outlined in his weekly radio and Internet address Saturday will allow people to have their federal tax refunds sent as savings bonds. Others are meant to require workers to take action to stay out of an employer-run savings program rather than having to take action to join it. "We know that automatic enrollment has made a big difference in participation rates by making it simpler for workers to save,"...

It’s a good idea to keep a little cash in your home for emergencies. How much you decide to keep is up to you, but I would suggest keeping enough cash on hand to pay...

1. Reduce Your Expensive Debt Too many of us overextended ourselves during the past decade with credit cards and other debt. These bills now hang over people like the Sword of Damocles. 2. Get On a Budget That means getting on a budget, measuring exactly what you spend and looking for ways to save money. Perhaps you are eating out more than you appreciate or spending too much on a cup of coffee. Budgeting is a lost discipline for many people and one that should be rediscovered. 3. Guard Against Inflation Currently, inflation is a relative nonissue, and most commentators...

Saving Money is Bad for the Economy: Personal Savings Rate Higher, Consumption Slightly Up, Banks get new American Express, and Markets Begging for Money. Posted by mybudget360 in US Dollar, bailout, bankruptcy, banks, budget, credit cards, economy, monetary policy 0 Comments Last month the savings rate hit the 5 percent mark. That makes two months over 4 percent and for the first time in a decade that Americans have actually saved more than 4 percent for two consecutive months. Saved 4 percent of what? Of their personal income. You would think that most people would be saving a little bit...

This week, with his pronouncement that “credit is the lifeblood of a healthy economy,” President Obama reiterated what has been one of his most common themes in diagnosing our economic problem. The president has relied on this bedrock belief to propose policies that place the restoration of credit as the highest priority. However, despite his seemingly earnest intentions, the president and his economic advisors have misdiagnosed the ailment. Savings, not credit, is the lifeblood of a healthy economy. When not used properly credit can be like a cancer that sickens an otherwise healthy economy. What everyone seems to have forgotten...

Banks save while U.S. Consumers are Expected to Spend: The Convoluted Problem of Creating a Debt based Consumption System. I’ve read my fair share of financial books and I am certain that many of you have picked up a book regarding finances. Many times, these introductory books caution the reader that going into massive debt is a sin (or at the very least a hindrance to your financial independence). These books will usually show you the contrast between a dollar saved and compounded over time instead of someone burning that dollar on a trip to Las Vegas. The underlying premise...

What stands out most clearly, amidst all the panic inducing talk and extravagant promises, lately spewing from the mouths of Federal office holders & Central Bankers, is of a desperate need to keep America dependent upon credit--easy credit;--that what is most feared, in the seats of economic power in contemporary America, is a period in which people restrain expenditures for new goods and services, pay down debt and actually try to provide for the cyclical, as well as disaster driven, downturns that have always been part of the economic history of human nations. The boom can last only as long...

Forecast: A Long, Cold Winter Stephanie Pomboy, Founder and President, MacroMavens By LAWRENCE C. STRAUSS AN INTERVIEW WITH STEPHANIE POMBOY: It will take consumers at least five years -- and probably more -- to recover from this crisis. "LIKE THE BUBBLE IN FINANCIAL ASSETS, THE NEW REAL-ESTATE bubble has its own distinctly disturbing characteristics," Stephanie Pomboy wrote in an April 2002 note titled "The Great Bubble Transfer." The founder and president of MacroMavens was on to something, even if she was early, and she worried about the big buildup of consumer debt fueled by rising home prices. Pomboy, whose Manhattan...

WASHINGTON, Oct. 17, 2008 – Two new first-aid products being sent into the combat theater could save more soldiers’ lives, Army medical officials said at a Pentagon news conference Oct. 15. Test results from the U.S. Army Medical Research and Materiel Command’s Institute of Surgical Research showed Combat Gauze field bandages and WoundStat granules both demonstrated marked improvements over what’s currently used in the field, Army Col. (Dr.) Paul Cordts of the Army surgeon general’s office said. “These products improve survival, result in less blood loss and improved post-injury blood pressures,” he said. Excessive blood loss is the No. 1...

During the crisis, Japan feels like an island of calm By Martin Fackler Sunday, September 21, 2008 TOKYO: Wall Street may be suffering the worst financial storm since the Great Depression, but Japan has felt like an island of Zen-like calm. The world's second-largest economy after the United States has often seemed to be marching to its own drummer, sometimes to disastrous effect. But rarely has the disconnect been as stark as during the current crisis. While European and American financial titans have teetered and collapsed, giant Japanese banking groups have stood relatively unscathed. The growing global credit crisis, which...

The gloomiest outlook for the economy in 35 years may be forcing Americans to live with what they have and to save up for what they want. "I'm a little rattled," said Lynda Nicely, 28, of West Allis, Wis. She has taken a second job and plans to hoard three months' worth of emergency cash in case she loses her primary job. Lynda Nicely has been living in a sparsely furnished rental apartment in a Milwaukee suburb since October while she saves enough money for furniture at a secondhand store. And when temperatures soar this summer, she plans to buy...

Greetings, and Welcome to another Weekend Singles' Thread. I've been planning all week to do one theme this weekend, and I realized just a few minutes ago that the theme that I planned is a week early. Furthermore, the discussion that I wanted to start was one that Dave wanted to join, and he won't be here this weekend. Because my timing would be wrong for the original theme and because I'd like to let Dave participate, I'm going to change topics at the last minute. (My apologies to the other hosts.) If things seem disjointed and unorganized, there's a...

WELLINGTON, New Zealand- A plucky foot-high Jack Russell terrier named George saved five New Zealand children from two marauding pitbulls, but was so severely mauled in the fight he had to be destroyed, his owner said Wednesday. George was playing with the group of children as they returned home from buying sweets at a neighborhood shop in the small North Island town of Manaia last Sunday when the two pitbulls appeared and lunged toward them, his owner Allan Gay said. "George was brave—he took them on and he's not even a foot high," Gay told The Associated Press. "He jumped...

Arizonans successfully gave the federal government the "MAGIC WIDGET DIGET" three decades ago and stayed on standard time year-round. Arizonans viewed it as a no-brainer, and wanted no part of it. See how we did it then start working in your state to get rid of it.

Training includes airway management, treatment of burns and splinting fractures. By Sgt. Robert Yde 2nd Brigade Combat Team, 1st Cavalry Division Public Affairs FORWARD OPERATING BASE HONOR, Iraq, Feb. 6, 2007 — As the only medic on his Military Transition Team, Staff Sgt. Raymond Mainor has no problem staying busy. “We have to know this class because we go on a lot of missions. If somebody gets injured you have to know how to treat them,” Faisal Ghazee Hadi, students Along with providing day-to-day care for the Military Transition Team soldiers and interpreters, the medic from the 4th Squadron, 9th...

Young Iraqi Girl Needs Life Saving Surgery A young Iraqi girl who befriended U.S. Marines and sailors is in desperate need of life-saving surgery in order to save her life. By Cpl. Antonio Rosas1st Marine Division CAMP AL QA'IM, Iraq, Aug. 31, 2006 -- After befriending Marines and sailors serving in this region of Iraq, a 12-year-old Iraqi girl who is in need of a kidney and liver transplant is now in a life-or-death struggle. Hadael Hamade, a young Iraqi girl from Karabilah, a city of about 30,000 near the Iraq-Syria border, desperately needs life-saving surgery in order to...