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Federal Reserve Chairman Alan Greenspan said Wednesday he s not worried that the newly enacted $1.35 trillion tax cut will plunge the federal budget into a deficit as productivity growth slows. I m not, senator, Greenspan replied when asked by Sen. Charles Schumer, D-N.Y., at a Senate Banking Committee hearing whether he was concerned about a potential slide back into government deficit spending.On another economic issue, Greenspan acknowledged that the recent tide of job layoffs 151; which has pushed new claims for state unemployment insurance to more than 400,000 a week 151; has got to be a factor in determining the propensity of people to spend money and affects consumers confidence.However, he added, there hasn t been any real serious deterioration in spending by consumers, a more important benchmark than how confident they feel.During questioning, Schum
stanley cup er and several other Democratic senators needled the central bank chief to express concern over the big 10-year tax cut, given the state of the economy and the low savings rate of Americans. The tax cut, rece
stanley website ntly enacted by Congress, is the centerpiece of President Bush s economic program. Greenspan, in his testimony, said the sagging economy has brought more problem loans and made bankers fairly tightfisted. He cited problems in retailing and manufacturing and among California utilities.Bank regulators need to be more sensitive to problems at individual b
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For the first time in over 40 years, scientists have discovered a new form of the toxin responsible for botulism. But theyre keeping many of the details about it a secret for fear that it could
kubki stanley be turned into a deadly bioweapon 鈥?prompting some scientists to warn that this action can only hold further research back. As Nell Greenfieldboyce from NPR reports, new research published by Jason Barash and Stephen Arnon in two separate papers have described a novel strain of Clostridium botulinum that produces two different forms of the potent botulinum toxins. Their findings now appear in the Journal of Infectious Diseases 鈥?minus some very important details. Normally, the journals editors would expect the authors to disclose the genetic sequences needed to make the toxin. But the researchers refused for fear of the potential security risk. According to NPR, the editors ultim
stanley cup ately agreed to publish the papers without the information, but only until new treatments were developed. But how can new treatments be developed if other scientists are denied access to this information That said, Barash and Arnon have a right to be worried. Back in the 1990s, the Japanese cult Aum Shinrikyo tried to release the bot
starbucks stanley cup ulinum toxin in downtown Tokyo. And as Ray Kurzweil and Bill Joy warned back in 2005, genetic scripts like these are recipes for destruction. Botulinum toxin, which was first discovered in improperly handled meat products, is the most toxic substance known to humankind. As litt
