Nobel Peace Prize laureate Muhammad Yunus says that greed has destroyed the world’s financial system. SPIEGEL ONLINE spoke with him, see this article here, about the profit motive, social consciousness and what should be done to end the financial crisis.
CNN reports here: A Cambodian couple who separated after 40 years of marriage may have taken things too literally when it came to splitting their assets: A couple who separated after 40 years of marriage split their house in two — literally.
AP reports here at Yahoo News: WASHINGTON - Days after it got a federal bailout, American International Group Inc. spent $440,000 on a posh California retreat for its executives, complete with spa treatments, banquets and golf outings, according to lawmakers investigating the company’s meltdown.
Hormone may stimulate development of cancer cells, BBC News reports here: Eating meat and dairy products may increase the risk of prostate cancer, research suggests.
HealthDay News reports here at Yahoo News: Men who are overweight and who have high insulin levels when they are diagnosed with prostate cancer may be more likely to die from the disease, research shows.
BBC News reports here: Air pollution may increase risk of developing the life-threatening condition appendicitis, research suggests.
CNN reports here: Stocks tumbled today, with the Dow falling below 10,000 for the first time in nearly four years. The Dow dropped more than 500 points in early trading. The sell-off came despite Friday’s signing of a historic $700 billion bailout bill for U.S. financial institutions. European governments also are rushing to prop up failing financial firms, underscoring the global reach of the credit crunch.
Reuters reports here at Yahoo News: WASHINGTON - Overeating makes the brain go haywire, prompting a cascade of damage that may cause diabetes, heart disease and other ills, U.S. researchers reported on Thursday.
CNN reports here: Two days after the House rejected the $700 billion bailout bill, the Senate is set to vote on the rescue plan for financial institutions.