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WASHINGTON ? The outlook for the job market is looking brighter.
Far fewer people are seeking unemployment benefits than just three months ago ? a sign that layoffs are falling sharply.
The number of people applying for benefits fell last week to 366,000, the fewest since May 2008. If the number stayed that low consistently, it would likely signal that hiring is strong enough to lower unemployment.
The unemployment rate is now 8.6 percent. The last time applications were this low, the rate was 5.4 percent.
The big question is whether fewer layoffs will translate into robust hiring. It hasn't happened yet, even though job growth has been rising consistently each month.
The four-week average of weekly unemployment applications, which smooths out fluctuations, dropped last week to 387,750. That's the lowest four-week since July 2008. The four-week average has declined in 10 of the past 12 weeks.
"Labor market conditions have taken a turn for the better in recent weeks," Michael Gapen, an economist at Barclays Capital, said in a note to clients. "Payroll growth should improve in the coming months."
Applications for unemployment benefits are a measure of the pace of layoffs. Job cuts have fallen sharply since the recession. Employers have been hiring at only a modest pace. But when applications fall below 375,000 ? consistently ? that usually signals that hiring is strong enough to lower the unemployment rate.
The downward trend suggests that companies are cutting fewer workers as the economy picks up. It also comes as Congress is wrangling over whether to extend emergency unemployment benefits, which are set to expire at the end of this year.
Growth may top 3 percent in the final three months of this year, according to many economists. That would be up from 2 percent in the July-September quarter.
Other recent reports suggest the job market is improving a bit. In the past three months, net job gains have averaged 143,000 a month. That compares with an average of 84,000 in the previous three months.
In November, employers added 120,000 jobs, and the unemployment rate fell to 8.6 percent from 9 percent. That was the lowest unemployment rate in 2 1/2 years. But about half that decline occurred because many of the unemployed gave up looking for work. When people stop looking for a job, they're no longer counted as unemployed.
Employers posted fewer jobs in October than in the previous month, the government said Tuesday, though the decline was modest.
Job openings have risen by about 35 percent since the recession officially ended in June 2009. But they're still about 25 percent below pre-recession levels.
About 6.7 million people are receiving unemployment benefits. About 2 million will lose their benefits by mid-February if the emergency program expires.
Lawmakers differ over how long benefits should last. The House passed a Republican bill Tuesday that would renew emergency aid but reduce the maximum duration to 59 weeks from the current 99 weeks.
Democrats want to keep the full 99 weeks. The measure is part of broader legislation in the Democratic-led Senate that would also extend a Social Security tax cut.
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Mexico's Elizabeth Peters gets ready to serve.
It was quite the night to be a fan of Mexico High School Athletics on Tuesday night. The Tigers girls basketball team trailed Chittenango be eight in the fourth quarter, but fought back to force overtime and eventually win the game. Jamie Wallace led?all scorers with 18 points, and Kaitlin Antelmi led Chittenango with 17.
The boys hoops team also defeated Chittenango, that game was in Mexico and fell in the Tigers' favor 63-40. John Eastman and Zach Rousseau each led the way with 16 points.
The Mexico volleyball team also tasted victory on Tuesday, defeating ES-M 3-0 on the road. This week's CNY Central Athlete Elizabeth Peters played tremendous all night long and made some key plays in the match?clinching third game.
Elsewhere in Central New York, fans of ES-M boys basketball came away with excitement as the Spartans beat perennial power CBA 57-47. Jeffrey McDuffie scored 15 for ES-M delivering coach Mark Carr to his win (as basketball coach) over CBA. The CBA girls though, beat ES-M 66-52.
One of CBA's biggest rivals, Jamesville-Dewitt saw its boys and girls basketball teams beat Cortland on Tuesday. The boys won 59-51 thanks to 17 points from DaJuan Coleman and 16 points from Tyler Cavanaugh. The Lady Red Rams beat Cortland by four.
Here's a look at some other scores from around Section III:
Boys Basketball:
C-NS 55, Johnson City 48
Bishop Ludden 80, Marcellus 34
Utica Proctor 67, Nottingham 45
Cazenovia 57, Skaneateles 55
Oswego 56, West Genesee 52
Fulton 62, Fowler 48
Solvay 66, Phoenix 52
Girls Basketball:
Hamilton 53, Otselic Valley 17
Fabius-Pompey 67, Syracuse Academy of Science 32
Bishop Ludden 55, Marcellus 38
Fulton 65, Fowler 45
West Genesee 62, Oswego?32
Source: http://www.cnycentral.com/sports/story.aspx?id=697081
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Reggae Star Matisyahu Shaves Off Hasidic Beard (Photos)
Matisyahu is almost unrecognizable after shaving off his big, bushy beard. The Hasidic Jewish reggae artist was known for his long shaggy beard, but has [...]
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Life-threatening viruses such as HIV, SARS, hepatitis and influenza, could soon be combatted in an unusual manner as researchers have demonstrated the effectiveness of plasma for inactivating and preventing the replication of adenoviruses.
When exposed to plasma ? the fourth state of matter in addition to solids, liquids and gases ? for a period of just 240 seconds, it was found that only one in a million viruses could still replicate ? practically all were inactivated.
The study, published in IOP Publishing's Journal of Physics D: Applied Physics, is one of the first to concentrate specifically on viruses and builds on research that has already shown the usefulness of plasma in eradicating bacteria from skin and sterilising water.
Within a hospital environment, a plasma generating device could realistically rid hands of potentially lethal viruses that relay on a host organism to replicate and spread. In the long-term, plasma could be inhaled directly to treat viruses in the lungs, or applied to blood outside of the body to remove any viruses before transfusion.
The researchers, from the Max-Planck Institut f?r extraterrestrische Physik and Technische Universit?t M?nchen, specifically chose adenoviruses to examine as they are one of the most difficult viruses to inactivate. Illnesses resulting from this specific virus, for example, can only be managed by treating symptoms and complications of the infection, rather than targeting the actual virus itself.
Adenoviruses predominantly cause respiratory illnesses such as pneumonia and bronchitis and are hard to inactivate as the whole virus is encased in a protein layer, helping it to remain physically stable and tolerate moderate increases in heat and pH.
In this study, the adenoviruses were diluted to specific concentrations and then exposed to plasma for 240 seconds, before being incubated for an hour. A control group of adenoviruses were given the exact same treatment apart from the plasma exposure.
Two separate cell lines were then infected with the two sets of adenoviruses: the ones that were treated with plasma and the control group. To test whether a cell had the virus or not, the researchers programmed the virus to produce a protein that fluoresced green when a specific type of light was shone onto it.
Whilst the exact mechanisms behind the plasma's impressive effects are relatively unknown, it is thought that they are a result of a combination of reactions between the plasma and surrounding air, which create similar species to the ones found in our own immune system when under microbial attack.
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'Effects of cold atmospheric plasmas on adenovirus in solution' (J L Zimmermann et al 2011 J. Phys. D: Appl. Phys. 44 505201)
Institute of Physics: http://www.iop.org
Thanks to Institute of Physics for this article.
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Source: http://www.labspaces.net/115719/Plasma_based_treatment_goes_viral
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How we perceive motion is a significantly more complex process than previously thought, researchers at New York University's Center for Neural Science, Stanford University and the University of Washington have found. Their results, which appear in the journal Current Biology, show that the relationship between the brain and visual perception varies, depending on the type of motion we are viewing.
Neuroscientists have posited that our perception of motion is derived from a relatively simple process?that is, it relies on a single cortical area in the brain. This region, MT, has a well-established role in processing information about moving visual objects. However, less clear is the scope of its influence?does it dictate our ability to detect all types of motion or is its function more limited or, perhaps, more nuanced?
With this in mind, the NYU-led team examined how the visual system processes two types of motion: local motion, which involves tracking signals that fall within a small retinal area, and global motion, in which several movements are integrated over larger areas. Specifically, they monitored activity in MT to determine if its neurons were active in response to both types of motion.
In normal scenes, local and global motion are normally in agreement. Here, the researchers conducted experiments in which macaque monkey and human subjects watched specially crafted patterns in which the local and global motion information were in competition. The researchers made physiological and perceptual measurements of brain activity.
Their results showed notable differences in how the visual system functions in processing local and global motion. They found that neuronal activity in MT was controlled by the local motion in the stimulus and unaffected by global motion. Under the same conditions, though, humans' perceptual responses were dominated by global motion, which means that their responses were determined by a second brain mechanism that encodes global motion, whose nature is currently unknown.
J. Anthony Movshon, director of the Center for Neural Science and the paper's senior author, says that the work opens a window for further study: "While comprehending the specifics of this process requires more work, it's clear that motion perception does not depend on a single cortical brain area, but, rather, reflects the action and interaction of multiple mechanisms. We now have new tools to help us identify and study brain systems that are currently unknown."
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New York University: http://www.nyu.edu
Thanks to New York University for this article.
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This press release has been viewed 90 time(s).
Source: http://www.labspaces.net/115723/Neuroscientists_find_greater_complexity_in_how_we_perceive_motion
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Some economists have warned that the economic consequences for Europe could be dire if Greece leaves the euro. But Arianna Huffington, president and editor-in-chief of The AOL Huffington Post Media Group, said on Saturday that Greece would be better off without the euro and the forced austerity that it entails.
Huffington, who grew up in Greece, said on Saturday at the Economist's World in 2012 conference that if Greece stays on the euro, it would be forced by European leaders to continue to slash its budget, leading to persistent high youth unemployment and social unrest. Currently, the youth unemployment rate in Greece is more than 40 percent, and there has been considerable unrest from strikes and protests. She emphasized that austerity measures do not help the economy grow or even help the budget.
"I think that the right leadership without the euro will give [Greece] the flexibility that it needs to actually grow the economy and not simply play defense continuing with these austerity measures, which have actually made it infinitely harder to even balance the budget because the revenue being generated has been so reduced," Huffington said.
"There are no really good solutions, but my concern is that, if Greece stays in the eurozone, the priority is going to be about austerity measures," she said.
Many are concerned that if Greece leaves the euro, the eurozone would break up and plunge into a deep recession because borrowing costs for other eurozone countries would become unsustainable. In that scenario, those countries would be forced to default and leave the euro, and large banks holding sovereign debt would fail.
The crisis already has spread from Greece to the rest of Europe. Borrowing costs for Italy, Europe's third largest economy, and Spain have become unsustainable.
European leaders have forced Greece to cut its budget in exchange for loans to prevent a sudden default, but Greece's budget deficit has grown 15 percent in response to austerity measures, since tax revenue has fallen.
European leaders decided in late October to force banks to accept a 50 percent trim on Greek sovereign debt, but some economists say that 50 percent is not enough, as Greece's economy shrinks more than five percent per year.
Greece could find it attractive to leave the euro both to pursue its own policies and to make its exports more competitive in a cheaper currency, according to some economists. But with such a move, the Greek banking system could collapse and the Greek government could be forced to run a balanced budget and pursue austerity measures out of necessity, since international investors may avoid lending to Greece after an exit from the euro.
European leaders forced Greek Prime Minister George Papandreou to step down in November after he said he would hold a referendum for the Greek people to accept or reject Europe's latest policy prescriptions for Greece. The new Greek prime minister, Lucas Papademos, has described staying in the eurozone as Greece's "only choice."
'; var coords = [-5, -72]; // display fb-bubble FloatingPrompt.embed(this, html, undefined, 'top', {fp_intersects:1, timeout_remove:2000,ignore_arrow: true, width:236, add_xy:coords, class_name: 'clear-overlay'}); });Source: http://www.huffingtonpost.com/2011/12/03/arianna-huffington-greece-euro_n_1127399.html
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