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The fossilised remains of the animal were discovered in what is now Montana back in 1988 but it has only been identified as a new species of vampyropod now. This group of soft-bodied cephalopods was previously believed to have eight arms, but the new species actually has 10. 'This is the first and only known vampyropod to possess 10 functional appendages,' said Dr Whalen. During their new analysis of the fossil, the researchers found that the species had 10 arms with suckers, and dated back 328 million years – 82 million years older than the previous earliest record. 'The arm...

Goldman's Jim O'Neill: 'What Is The Matter With Everyone?' Sam Ro That's the question Jim O'Neill poses in his weekly letter, which is sarcastically titled Let's Worry About Everything. O'Neill, who is the reason why we say BRICs, argues that last week's economic and corporate news was "benign" and that the market selloff seemed uncalled for: Judging by the price action, market participants seem to be increasingly convinced of imminent recessions in Europe and the US as well as a prolonged period of “Japanisation,” in which positive GDP growth struggles to keep ahead of a weaker underlying growth trend. If...

World is heading for 'Great Stagnation', says Goldman There is a growing risk that the global economy will move from the 'Great Recession' into the 'Great Stagnation', according to economists at Goldman Sachs. By Angela Monaghan, Economics Correspondent 1:18PM BST 30 Sep 2011 Stagnations typically mean long periods of sluggish growth of about 0.5pc, low inflation, rising and sticky unemployment, stagnant house prices, and lower returns on shares, they said. There is a 40pc chance of the current situation developing into a period of stagnation among developed economies, Goldman calculated. "Trends in Europe and the US are so far still...

The vampire squid can turn itself "inside out" to avoid predators—as seen in a video just released by the Monterey Bay Aquarium Research Institute to emphasize the need to protect deep-sea species from the effects of human activities. This menacing looking squid is just one of many species “out of sight and out of mind” that could be threatened by human activities far away from the part of the ocean in which they live. The Monterey Bay Aquarium Research Institute has released this video of the vampire squid to emphasize a report that raises a red flag about the earth’s...

Billions of dollars were at stake when 21 executives of Goldman Sachs and the American International Group convened a conference call on Jan. 28, 2008, to try to resolve a rancorous dispute that had been escalating for months. A.I.G. had long insured complex mortgage securities owned by Goldman and other firms against possible defaults. With the housing crisis deepening, A.I.G., once the world’s biggest insurer, had already paid Goldman $2 billion to cover losses the bank said it might suffer. A.I.G. executives wanted some of its money back, insisting that Goldman — like a homeowner overestimating the damages in a...