To Get Rich in China Is Not So Glorious

















In the course of a U.S. presidential campaign, the American public is bombarded with surveys asking voters to rank the relative importance of various issues, and whether they think the country is overall on the right track. Not so in China, where another leadership transition has just concluded, with the 18th Party Congress choosing Xi Jinping to succeed Hu Jintao as party secretary now and, in March, as president of China.


But a handful of recent studies do give some insight into public sentiment in the world’s second-largest economy on the eve of its once-in-a-decade leadership transition. The upshot: More wealth buys more cars and handbags, but not necessarily happiness—and white-collar workers in China’s fast-changing economy are the most likely in the world to say they’re more stressed out this year than last. Overall life satisfaction has declined since 1990.













“Sometimes I feel like I am driving down an expressway, speeding from one place to another, but I forgot the reason and I do not know the final destination,” says Rebecca Jiang, a 29-year-old civil servant. The petite woman, sipping a fruit smoothie at a teahouse, in many ways seems to be living the modern Chinese dream: Jiang moved from her hometown in Anhui province to Beijing for college in 2002; she earned bachelor’s and master’s degrees from respected universities, scored well on the highly competitive civil-servant exam, and in June got married. Yet these achievements have not erased the gnawing feeling that she is racing just to stay in place: “I do not have the time or energy to enjoy the scenery. Maybe it is about my personal goals: I am so busy I do not know what I really like, who I want to be. I am just traveling around. I am speeding even.”


Money is one source of stress. Home prices have quadrupled in a decade in Beijing, but salaries haven’t risen so fast. “My parents and my husband’s parents had to spend all their savings to buy us an apartment,” says Jiang. It’s out near the Sixth Ring Road—the capital’s outermost perimeter—and is a 90-minute to three-hour drive into central Beijing, depending on traffic. They bought it secondhand and paid 2 million RMB, or about $ 317,000.


She and her husband, who works for a multinational company, are keeping up with the rising costs and complexities of life in the crowded megacity—but just barely, she says. “We are too tired to talk in the evenings. We just go to bed, so we can get up early and do it again.” As for her job: “It is not so good as I thought it would be. Sometimes I have to work like a robot. You have to do what you are told to do, not what you think you should do.”


Recently the Beijing Academy of Social Sciences conducted a survey asking residents of China’s capital whether their quality of life had greatly improved, slightly improved, remained the same, or declined over the period 2005 to 2011. One-fifth of respondents said it had improved slightly, but two-fifths said it had declined. (Only 1 percent said life had improved greatly.)


“The fast changes in China as well as the uncertainties about the future create great psychological pressures,” says Peking University sociologist Xia Xueluan. “Happiness does not merely depend on wealth.” He adds: “For migrant workers, their major pressure is to keep up with costs of living, while for the urban white-collar workers, their major pressure is competition: extreme competition for promotion and recognition.”


Regus, a U.K.-based office-space company, this year polled white-collar workers around the globe and asked whether respondents agreed with the statement “My stress levels have risen in the past year.” The country with the highest proportion of “yes” respondents was China, by a significant margin: 75 percent. (No. 2 was Germany, at 58 percent.) Seventy-three percent of respondents in China said their job was a major source of stress.


In October, the Pew Global Attitudes Project released its survey results for China. Half of respondents said that corrupt officials were now a “very big problem” and 48 percent said the gap between rich and poor was. (In 2008, the responses to the same questions were, respectively, 39 percent and 41 percent.) Among Pew’s most arresting findings was identifying a widespread belief that China’s system creates not only inequality of wealth, but also inequality of opportunity. Nearly 8 in 10 respondents agreed with this statement: The “rich just get richer while the poor get poorer.”


“This country has a very unbalanced income structure, and for young working people it’s getting tougher and tougher to make a living” in the leading cities, says Han Cheng, a researcher with an international NGO in Beijing. As he sees it, the country’s meritocratic promise is waning: “Before, everyone was equally poor and unprivileged. But now there is a privileged class, and for people in that class, there are so many ways for them to receive benefits from their family.”


Richard A. Easterlin, an economist at the University of Southern California, in April published a study in the Proceedings of the National Academy of Sciences on “life satisfaction” in China over the past two decades. Even as incomes have risen for all socioeconomic groups, he found that the percentage of people reporting their life satisfaction was “good or very good” had declined markedly from 1990 to 2007 for those of low and moderate incomes, while ticking slightly upward for China’s richest.


“One may reasonably ask, how it is possible for life satisfaction not to improve in the face of such a marked advance in per capita GDP from a very low initial level?” Easterlin wrote. “In answer it is pertinent to note the growing evidence of the importance of relative income comparisons and material aspirations in China, which tend to negate the effect of rising income.” In other words, money alone doesn’t bring happiness—having more money than your neighbor might.


Comparing her life to her cousin in her small hometown, Jiang expresses mixed feelings. Her cousin lives just a five-minute walk from her office, works fewer hours, and has a larger apartment for less money. “Sometimes I wonder why I stay in Beijing,” she reflects. But then, after a moment, she points out that if she has a child, living in China’s capital will “give him the chance to start life on a much bigger stage.” Of course, she quickly adds that she isn’t sure she wants a child—“it’s very expensive and takes a lot of energy; public kindergarten slots are hard to get and private ones are very costly. I’m expected to have a child, but I’m just not sure.”



Larson is a Bloomberg Businessweek contributor.


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Israel moves on reservists after rockets target cities
















GAZA/JERUSALEM (Reuters) – Israeli ministers were on Friday asked to endorse the call-up of up to 75,000 reservists after Palestinian militants nearly hit Jerusalem with a rocket for the first time in decades and fired at Tel Aviv for a second day.


The rocket attacks were a challenge to Israel‘s Gaza offensive and came just hours after Egypt‘s prime minister, denouncing what he described as Israeli aggression, visited the enclave and said Cairo was prepared to mediate.













Israel’s armed forces announced that a highway leading to the Gaza Strip and two roads bordering the enclave would be off-limits to civilian traffic until further notice.


Tanks and self-propelled guns were seen near the border area on Friday, and the military said it had already called 16,000 reservists to active duty.


Prime Minister Benjamin Netanyahu convened senior cabinet ministers in Tel Aviv after the rockets struck to decide on widening the Gaza campaign.


Political sources said ministers were asked to approve the mobilization of up to 75,000 reservists, in what could be preparation for a possible ground operation.


No decision was immediately announced and some commentators speculated in the Israeli media the move could be psychological warfare against Gaza’s Hamas rulers. A quota of 30,000 reservists had been set earlier.


Israel began bombing Gaza on Wednesday with an attack that killed the Hamas military chief. It says its campaign is in response to Hamas missiles fired on its territory. Hamas stepped up rocket attacks in response.


Israeli police said a rocket fired from Gaza landed in the Jerusalem area, outside the city, on Friday.


It was the first Palestinian rocket since 1970 to reach the vicinity of the holy city, which Israel claims as its capital, and was likely to spur an escalation in its three-day old air war against militants in Gaza.


Rockets nearly hit Tel Aviv on Thursday for the first time since Saddam Hussein’s Iraq fired them during the 1991 Gulf War. An air raid siren rang out on Friday when the commercial centre was targeted again. Motorists crouched next to cars, many with their hands protecting their heads, while pedestrians scurried for cover in building stairwells.


The Jerusalem and Tel Aviv strikes have so far caused no casualties or damage, but could be political poison for Netanyahu, a conservative favored to win re-election in January on the strength of his ability to guarantee security.


“The Israel Defence Forces will continue to hit Hamas hard and are prepared to broaden the action inside Gaza,” Netanyahu said before the rocket attacks on the two cities.


Asked about Israel massing forces for a possible Gaza invasion, Hamas spokesman Sami Abu Zuhri said: “The Israelis should be aware of the grave results of such a raid and they should bring their body bags.”


Officials in Gaza said 28 Palestinians had been killed in the enclave since Israel began the air offensive with the declared aim of stemming surges of rocket strikes that have disrupted life in southern Israeli towns.


The Palestinian dead include 12 militants and 16 civilians, among them eight children and a pregnant woman. Three Israelis were killed by a rocket on Thursday. A Hamas source said the Israeli air force launched an attack on the house of Hamas’s commander for southern Gaza which resulted in the death of two civilians, one a child.


SOLIDARITY VISIT


A solidarity visit to Gaza by Egyptian Prime Minister Hisham Kandil, whose Islamist government is allied with Hamas but also party to a 1979 peace treaty with Israel, had appeared to open a tiny window to emergency peace diplomacy.


Kandil said: “Egypt will spare no effort … to stop the aggression and to achieve a truce.”


But a three-hour truce that Israel declared for the duration of Kandil’s visit never took hold. Israel said 66 rockets launched from the Gaza Strip hit its territory on Friday and a further 99 were intercepted by the Iron Dome anti-missile system.


Israel denied Palestinian assertions that its aircraft struck while Kandil was in the enclave.


Israel Radio’s military affairs correspondent said the army’s Homefront Command had told municipal officials to make civil defence preparations for the possibility that fighting could drag on for seven weeks. An Israeli military spokeswoman declined to comment on the report.


The Gaza conflagration has stoked the flames of a Middle East already ablaze with two years of Arab revolution and a civil war in Syria that threatens to leap across borders.


It is the biggest test yet for Egypt’s new President Mohamed Mursi, a veteran Islamist politician from the Muslim Brotherhood who was elected this year after last year’s protests ousted military autocrat Hosni Mubarak.


Egypt’s Muslim Brotherhood are spiritual mentors of Hamas, yet Mursi has also pledged to respect Cairo’s 1979 peace treaty with Israel, seen in the West as the cornerstone of regional security. Egypt and Israel both receive billions of dollars in U.S. military aid to underwrite their treaty.


Mursi has vocally denounced the Israeli military action while promoting Egypt as a mediator, a mission that his prime minister’s visit was intended to further.


A Palestinian official close to Egypt’s mediators told Reuters Kandil’s visit “was the beginning of a process to explore the possibility of reaching a truce. It is early to speak of any details or of how things will evolve”.


Hamas fighters are no match for the Israeli military. The last Gaza war, involving a three-week long Israeli air blitz and ground invasion over the New Year period of 2008-2009, killed more than 1,400 Palestinians, mostly civilians. Thirteen Israelis died.


Tunisia’s foreign minister was due to visit Gaza on Saturday “to provide all political support for Gaza” the spokesman for the Tunisian president, Moncef Marzouki, said in a statement.


The United States asked countries that have contact with Hamas to urge the Islamist movement to stop its rocket attacks.


Hamas refuses to recognize Israel’s right to exist. By contrast, Palestinian President Mahmoud Abbas, who rules in the nearby West Bank, does recognize Israel, but peace talks between the two sides have been frozen since 2010.


Abbas’s supporters say they will push ahead with a plan to have Palestine declared an “observer state” rather than a mere “entity” at the United Nations later this month.


(Additional reporting by Maayan Lubell, Jeffrey Heller and Crispian Balmer in Jerusalem; Writing by Jeffrey Heller; Editing by Giles Elgood)


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The tailor behind Elvis Presley’s signature ’50s style dies in Memphis
















LOS ANGELES (TheWrap.com) – Bernard Lansky, the man who helped created Elvis Presley‘s signature fashion style in the ’50s – pegged pants and two-toned shoes – died Thursday in his Memphis home. He was at 85.


Presley frequented Lansky’s men’s fashion store on Beale Street – a popular spot for blues, rhythm and blues and jazz music – after years of admiring the clothing styles as a teenager working at a nearby theater.













“When I get rich, I’m going to buy you out,” Lanksy recalled Presley telling him before becoming a rock ‘n’ roll star. “Don’t buy me out,” the salesman responded. “Just buy from me.”


And that’s exactly what the musician did, just after Presley signed with Sun Records in 1954.


“I put his first suit on him and his last suit on him,” Lansky bragged.


“It’s a statement to say that he dressed one of the most influential entertainers of all time,” Julie Lansky, his granddaughter, told AP. “He knew that for any entertainer, they had to look different.”


Lansky’s success continued long after his most famous client died on August 16, 1977. After moving his shop to the Peabody Hotel in Memphis’ downtown district in 1981, he went on to dress musicians like B.B. King, Carl Perkins, Johnny Cash, ZZ Top, Kiss and Hootie and the Blowfish.


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Placebos Work Better On Stoics
















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Aches and pains getting you down? Or maybe they really tick you off. If that’s the case, maybe don’t look to a placebo to give you any relief. Because a new study shows that sugar pills are less effective for people who are quick to anger. The work appears in the journal Neuropsychopharmacology. [Marta PeciƱa et al, Personality Trait Predictors of Placebo Analgesia and Neurobiological Correlates]













For centuries, physicians have known that some patients improve when given fake medicine, like pills that contain no real drugs. But how can docs predict which of their cases are most likely to benefit from the ‘placebo effect’?


To find out, researchers ran 50 volunteers through a battery of personality tests. They then injected a bit of saltwater into the subjects’ muscles and told them they’d be getting a little something to relieve the resulting pain. Although that little something was actually a sham.


The researchers found that pretend meds don’t do much for people who tend toward hostility. They work best for folks who are naturally resilient, and altruistic.


The subjects who responded to the faux treatment actually produced more of the body’s own natural painkillers. That’s good news for the stoic, and one more thing for the angry to be mad about.


—Karen Hopkin


[The above text is a transcript of this podcast]
 


Follow Scientific American on Twitter @SciAm and @SciamBlogs. Visit ScientificAmerican.com for the latest in science, health and technology news.
© 2012 ScientificAmerican.com. All rights reserved.


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Wall Street Week Ahead: Going off “cliff” with a bungee cord
















NEW YORK (Reuters) – The 1987 crash. The Y2K bug. The debt ceiling debacle of 2011.


All these events, in the end, turned out to be buying opportunities for stocks. So will the “fiscal cliff,” some investors say as they watch favorite stocks tumble during the political give-and-take happening in Washington.













The first round of talks aimed at avoiding the “fiscal cliff” caused a temporary rise in equities on Friday, signaling Wall Street’s recent declines could be a buying opportunity. The gains were small and sentiment remains weak, but it suggests hope for market bulls.


Though shares ended moderately higher on Friday, it was not enough to offset losses for the week. The S&P was down 1.5 percent, while both the Dow and the Nasdaq fell 1.8 percent.


The S&P 500 is down more than 5 percent in the seven sessions that followed President Barack Obama‘s re-election. Uncertainty arose as attention turned to Washington’s task of dealing with mandated tax hikes and spending cuts that could take the U.S. economy back into recession.


Some see the market’s move as an overreaction to hyperbolic headlines about policy gridlock in Washington, believing stocks may start to rebound in what should be a quiet few days ahead of the Thanksgiving holiday next Thursday.


“It just doesn’t seem to make any sense that you suddenly wake up the day after the election and realize we’ve got a fiscal cliff,” said Krishna Kumar, partner at New York hedge fund Goose Hollow Alpha Advisors.


Not long ago the S&P was on target for its second-best year in the last 10, riding a 17 percent advance in 2012. That’s been halved to about 8 percent, which isn’t bad but disappointing compared with just a month ago.


Investors have been selling the year’s winners. Apple is down 25 percent from its peak above $ 700. General Electric is down 14 percent; Google has lost 16 percent. Overall, the stocks that make up the top 10 percent of performers in the month prior to Election Day have been the worst performers since, according to Bespoke Investment Group of Harrison, New York.


“I think it’s a good opportunity to be long stocks at these levels,” said Kumar.


Hikes on capital gains and dividend taxes are on the line, and Obama has dug in his heels on what he sees as a mandate to make the tax code more progressive.


He seems to have the upper hand in dealings with Congress because Republican lawmakers don’t want to see tax rates increase, which is what will happen if no solution is found by the beginning of 2013. Republicans don’t want to take the blame for driving the economy over the cliff.


The current crisis is similar to last year’s fight to raise the U.S. debt ceiling, which led to the downgrade of the United States’ top credit rating in early August 2011.


During the dealings, the S&P 500 lost 18.8 percent between its peak in July 2011 and its bottom in August. As the market slid, the political standoff badly hurt investors’ confidence in Washington, setting off a spike in volatility.


In the end a deal was announced that raised the ceiling and put off longer-term fiscal decisions until January 1, 2013, setting the stage for today’s “fiscal cliff” crisis.


After staying flat through September 2011, the S&P 500 jumped 31 percent between its October low and the end of March.


BUY THE DIP?


Gridlock in Washington and all that could possibly go wrong with the economy if a deal is not reached have grabbed the headlines, but the negotiations leave room for stock market gains. Congressional leaders said Friday they will work through the Thanksgiving holiday recess to find a solution.


“The debate over how to solve (the fiscal cliff) may be more productive than is commonly recognized,” said Brad Lipsig, senior portfolio manager at UBS Financial Services in New York.


“The U.S. is facing a major debt overhang, and serious steps toward addressing it might ultimately be viewed as a positive for future growth,” he said. “The market may recognize this and, after a time of hand wringing, recover from the concerns with a renewed sense of optimism.”


The recent selling took the S&P 500′s relative strength index – a technical measure of internal strength – below 30 this week, indicating the benchmark is oversold and due for a rebound.


The RSI in four of the 10 S&P sectors – utilities, telecoms, consumer staples and technology – is below 30 and the highest RSI reading, for the consumer discretionary sector, is below 40, suggesting a bounce is in store.


“What I want to do is what we did during the decline following the budget negotiations in the summer of 2011: The lower the stock market goes, the more I want to own stock,” said Brian Reynolds, chief market strategist at New York-based Rosenblatt Securities.


“If we go off the cliff it will be with a bungee cord attached,” he said.


KEEP CALM AND HEDGE


Volatility is expected to rise through the end of November and to spike in late December if no agreement on the fiscal cliff is reached in Congress. Alongside comes opportunity for those with high risk tolerance.


“Recently, volatility has increased in the market overall. You can’t really pick it up in the VIX yet, but I think as we get through November, I think you’re likely to see the VIX be at a relatively higher level,” said Bruce Zaro, chief technical strategist at Delta Global Asset Management in Boston.


In 2011, the VIX averaged 19.2 in July and 35 in August. So far this month the average is 17.8 and it is expected to spike if negotiations on the cliff drag into late next month.


“Looking at the range of possibilities, I would say any of them would be better than sitting here waiting. I would even put going off the fiscal cliff in that category,” said Jill Cuniff, president of Seattle-based Edge Asset Management Inc, which manages about $ 20 billion.


“But we don’t believe Congress will let that happen; there’s going to be some middle ground here.”


(Reporting by Rodrigo Campos and Jonathan Spincer, additional reporting by Caroline Valetkevitch; Editing by Kenneth Barry)


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France urges Mali to step up talks with rebels
















PARIS (AP) — France‘s president called Thursday for stepped-up talks between Mali’s government and any leaders from its breakaway north “who reject terrorism,” even as African nations geared up for a possible military operation against Islamic extremists there.


President Francois Hollande‘s comments suggested a growing openness to dialogue with the extremists, but he remained committed to supporting the military planning effort.













Northern Mali fell to Islamic extremists in April, after coup leaders toppled the government in Bamako, Mali‘s capital. Fearing that northern Mali could become the latest hotbed of terrorism, France has been a driving force in international efforts to bolster Mali’s army to drive the Islamists from power.


Hollande spoke with interim Mali President Dioncounda Traore by phone on Thursday, partly to detail European efforts to help strengthen Mali’s army.


In recent days, representatives from the most moderate of three al-Qaida-linked groups that control northern Mali have been meeting with Burkina Faso‘s president, appointed as a mediator.


“France reiterates its wish that political dialogue will intensify between Malian authorities and representatives of northern populations who reject terrorism,” Hollande’s office said in a statement. “The acceleration of this dialogue must accompany the progress in African military-planning efforts.”


Earlier this week, the African Union approved a plan that calls for 3,300 African troops to be deployed in order to win back Mali’s north. European countries including France and Germany have expressed a willingness to provide military trainers and logistics support, but have stopped short of committing combat troops.


France, like many European countries, fears that the arid, northern Sahel region of Mali could become a breeding ground for terrorism, where al-Qaida and its allies could plot hostage-takings and attacks in Europe or beyond.


France has millions of people whose families hail from former French colonies in north and west Africa. Authorities have long been concerned that French-born militants could travel abroad for terrorism training and return home later to possibly carry out attacks.


French authorities are already investigating two French citizens who were arrested in Mali and neighboring Niger and are suspected of seeking to join up with the al-Qaida-linked extremists, a judicial official told The Associated Press.


Ibrahim Ouattara, a 24-year-old native of the northern Paris suburb of Aubervilliers who has dual French and Malian nationality, was arrested inside Mali this month and remains in custody there, the official said.


Separately, a 27-year-old Frenchman was arrested in August in Niger and has since been handed over to authorities in France, the official said, speaking on condition of anonymity because she was not authorized to discuss terrorism cases publicly.


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Why David Geffen is getting the “American Masters” treatment
















LOS ANGELES (TheWrap.com) – David Geffen is not a singer. Nor is he a movie star. Nor is he a writer.


Thus he would seem an odd subject for “American Masters,” a series devoted to artists ranging from Willa Cather to Woody Allen.













Yet series creator Susan Lacy claims that the mogul has had a profound impact on American popular culture that equals any of those figures. She pleads her case in “Inventing David Geffen,” which will be broadcast November 20 on PBS. The documentary had its premiere in Los Angeles on Tuesday night.


“He seems like a bit of an odd choice,” Lacy admitted to TheWrap. “But I have a degree in American Studies and I learned that the people with the most influence are often the ones behind the scenes.”


In Geffen, Lacy saw a figure like Alfred Stieglitz, a photographer whose lasting legacy was a series of modernist shows he held at his New York galleries that influenced visual arts in this country and brought cubism to the masses.


Some arm twisting must have been required to get the press-averse Geffen to emerge from semi-retirement to reflect on his career in movies, music and Broadway. Lacy said that part of the reason she was able to convince him to participate is that he was a fan of the series and had participated in her documentaries on figures such as Joni Mitchell.


“It wasn’t hard,” she said. “I knew from other people that he thinks my Leonard Bernstein documentary is one of the best documentaries anyone ever made. Mike Nichols told me that he makes everybody who stays with him watch it.”


In addition to Geffen, the documentary features interviews with his friends and colleagues — an A-list rolodex that includes Tom Hanks, Steven Spielberg, Elton John, Neil Young, Clive Davis, Barry Diller, and Irving Azoff. His sphere was huge, Lacy claims because his influence was tectonic.


By championing musicians such as Jackson Browne and Laura Nyro, Geffen put his own imprint on the emerging singer-songwriter movement in the 1970s. Later, Geffen managed to adapt to shifting tastes, by aligning himself with groups like Aerosmith and Guns ‘N Roses and helping to usher in the heavy metal craze. For more than 30 years, his labels – Asylum Records, Geffen Records, and DGC Records – represented the high-water mark for musicians, who clamored to get in the door.


“He had an incredible eye for talent,” Lacy said. “These people would have eventually found their way. But he helped them get there. He fixed their teeth and allowed them to write music that’s history.”


Though he made his name in music, Geffen also became a force in the theater and film businesses.


He enriched himself by producing hit musicals like “Cats” and “Dreamgirls,” and branched out into movies with memorable pictures like “Risky Business.” In 1994, he co-founded DreamWorks SKG, the studio behind Oscar-winners like “American Beauty” and “Saving Private Ryan.”


“In each decade, he has done something that has affected the culture,” Lacy said. “If I had to boil it down to one thing it would be his genius at business.”


It’s a mastery of deal-making and talent-scouting that has made him a very wealthy man, worth an estimated $ 5.5 billion. It is also a trajectory that Lacy maintains cannot be replicated in a more fractured media landscape, where mega-corporations wield disproportionate influence and are more interested in quarterly earnings than fostering rising stars.


“Even he would say that nobody could do what he did today,” Lacy said. “The times have changed so much. I asked him if he could raise $ 2 billion to start a new studio, and he said ‘absolutely not.’ And record companies, well, we know what happened to them. Behind all the conglomerates and corporations, to find someone with a genuine sensibility like David Geffen‘s would be impossible. He was unique.”


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Wormy Monkeys Had Healthier Intestines
















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In developed countries, we’ve mostly eliminated freeloaders like parasitic worms from our guts. But we also have the highest rates of inflammatory bowel disease, or IBD—when the immune system mistakenly attacks intestinal cells and friendly gut bacteria.













For years, docs suspected there might be a connection between IBD and our worm-free lifestyle. And a handful of studies have actually shown that infecting human patients with worms can reduce symptoms of the disease. But how?


To find out, researchers fed parasitic worm eggs to monkeys with chronic diarrhea and gut inflammation—similar to IBD. After infection, the monkeys’ immune systems kicked into high gear, pumping out more mucus than usual to fight the worms. But that response also helped heal the monkeys’ intestines—restoring healthy, diverse populations of gut bacteria and decreasing the diarrhea. Those results appear in the journal PLoS Pathogens. [Mara Jana Broadhurst et al, Therapeutic Helminth Infection of Macaques with Idiopathic Chronic Diarrhea Alters the Inflammatory Signature and Mucosal Microbiota of the Colon]


The researchers already have FDA approval to study the worms in human subjects. Interested patients can go to clinicaltrials.gov to sign up—and hopefully worm their way out of intestinal distress.


—Christopher Intagliata


[The above text is a transcript of this podcast]
 


Follow Scientific American on Twitter @SciAm and @SciamBlogs. Visit ScientificAmerican.com for the latest in science, health and technology news.
© 2012 ScientificAmerican.com. All rights reserved.


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Asian stocks mixed on Europe, US woes; Japan gains
















BANGKOK (AP) — Asian stock markets were mixed Friday after data showed Europe slipped back into recession and several big U.S. retailers disappointed investors with weak forecasts.


The European Union‘s statistics agency said Thursday that the combined economy of the 17 countries that use the euro contracted 0.1 percent in the third quarter from the previous quarter. Surveys pointing to difficult conditions ahead suggest the recession could deepen.













“Although unsurprising, data in Europe confirmed that the region fell back into recession, an outcome that will do little to ease tensions,” analysts at Credit Agricole CIB in Hong Kong said in an email commentary.


Hong Kong’s Hang Seng rose 0.3 percent to 21,171.28. South Korea‘s Kospi fell 0.5 percent to 1,860.92. Australia‘s S&P/ASX 200 lost 0.2 percent to 4,339.40. Benchmarks in Taiwan, New Zealand and mainland China fell. Singapore, Thailand and the Philippines rose.


Japan‘s Nikkei 225 stock index jumped 1.8 percent to 8,990.80, rallying for a second straight day on expectations that the opposition Liberal Democratic Party may win elections next month and pursue more aggressive stimulus policies than the current leadership.


LDP leader Shinzo Abe has said he is determined to push for such policies and to find ways to weaken the yen, whose strength against other currencies has hammered exporters.


Stan Shamu, strategist at IG Markets in Melbourne, said Abe wants an inflation target of between 2 and 3 percent as a way to cheapen the Japanese currency, perhaps by printing yen or bulking up on purchases of assets like Japanese government bonds. Still, the target might be difficult to achieve, given the economy’s weakness, he said.


“With such a big export economy, the yen has massive significance on how the local economy performs,” Shamu said.


Japan’s exporters, whose fortunes are linked to the yen’s valuation, were buoyed by the prospect of a changing of the guard. Mazda Motor Corp. soared 8.9 percent. Nissan Motor Co. jumped 5.8 percent. Nikon Corp. surged 6.9 percent and Canon Inc. gained 5 percent.


In Australia, Whitehaven Coal fell 1.4 percent after announcing it would scale back some operations due to the decline in global coal prices.


In the U.S., investors were dealt dual blows: worse-than-expected revenue from global retailing giant Wal-Mart and data showing that manufacturing weakened in the Philadelphia and New York regions, reflecting damage from Superstorm Sandy.


Wal-Mart, Ross Stores and Limited Brands, the owner of Victoria’s Secret, also disappointed investors by issuing profit forecasts that fell short of expectations.


The Dow Jones industrial average closed down 0.2 percent to 12,542.38. The Standard & Poor’s 500 index fell 0.2 percent to 1,353.33. The Nasdaq composite index lost 0.4 percent to 2,836.94.


Benchmark oil for December delivery was up 10 cents to $ 85.55 in electronic trading on the New York Mercantile Exchange. The contract fell 87 cents to close at $ 85.45 a barrel in New York on Thursday.


In currencies, the dollar weakened to 81.09 yen from 81.21 yen late Thursday in New York. The euro fell to $ 1.2769 from $ 1.2773.


___


Follow Pamela Sampson on Twitter at http://twitter.com/pamelasampson


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Egypt recalls envoy to Israel after Gaza strike
















CAIRO (AP) — Egypt has recalled its ambassador to Israel after an Israeli airstrike killed the military commander of Gaza‘s ruling Hamas.


In a statement read on state TV late Wednesday, spokesman Yasser Ali said that President Mohammed Morsi recalled the ambassador and asked the Arab League‘s Secretary General to convene an emergency ministerial meeting in the wake of the Gaza violence.













Morsi also called for an immediate cease fire between Israel and Hamas, an offshoot of Morsi’s Muslim Brotherhood. Israel says it struck in response to rocket attacks from Gaza.


Hours earlier, Morsi’s Muslim Brotherhood group denounced the Israeli airstrike as a “crime that requires a quick Arab and international response to stem these massacres.”


Relations between Israel and Egypt have deteriorated since longtime President Hosni Mubarak was ousted last year.


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