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NEW YORK, March 9 (Xinhua) -- The U.S. stocks dropped on Wednesday, the two-year anniversary of the beginning of a bull market, as concerns of oil prices and Middle East unrest continued to weigh on investors' minds.U.S. crude oil price dipped on Wednesday as crude inventories rose more than expected, though Brent crude rose on fears caused by continued violence in Libya.Meanwhile, Rex Tillerson, the CEO of energy giant Exxon Mobil Corp., said on Wednesday that he didn't think the recent jump in oil prices was hurting the U.S. economy just yet, but it's getting close.The market was worrying that the surging oil prices would hurt global economic recovery. Adding to those concerns, the Portuguese government's two-year cost of borrowing hit the highest level since it joined the eurozone in a bond auction on Wednesday.Wednesday marked the two-year anniversary of the beginning of a bull market. On March 9, 2009, the Dow Jones Industrial Average closed at 6,547 and the Standard & Poor's 500 Index closed at 677. The Dow is back above 12,000 now and the S&P 500 index has almost doubled.Meanwhile, the wholesale report was slightly positive, but still failed to boost the market. According to the U.S. Commerce Department, the wholesale inventories climbed 1.1 percent in January. Sales at the wholesale level rose 3.4 percent, the largest gain since November 2009.Economists expected that as businesses kept expanding, demands for products would continue to grow. And larger sales may also encourage businesses to keep restocking their shelves and boost factory production.According to the report, a 10.6-percent rise in demand for petroleum helped lift sales, reflecting higher oil and gas prices.While some investors were concerned that surging oil prices might have a negative impact on economy, some others believed the boost in sales and inventories in January hinted that the economy could withstand the impact.The Dow Jones industrial average lost 1.29 points, or 0.01 percent, to 12,213.09. The Standard & Poor's 500 Index was down 1. 80 points, or 0.14 percent, to 1,320.02. The Nasdaq declined 14.05 points, or 0.51 percent, to 2,751.72.
NEW DELHI, March 16 (Xinhua) -- The Indian government has ordered food originating from Japan to be tested for radiation in the wake of explosions at a Japanese nuclear plant following a devastating earthquake-tsunami last Friday, reported local media Wednesday.Authorized officers of Food Safety and Standards Authority of India (FSSAI) at Indian ports, airports have been asked by the government to get food originating from Japan after March 11, 2011 to be tested for radiation, according to Press Trust of India.The Department of Revenue, Government of India, has also been requested to advise all the customs points in the country where imported food is cleared, to test samples on similar lines, according to the report.
BEIJING, Jan. 22 (Xinhua) -- Chinese President Hu Jintao has just ended his four-day landmark visit to the United States.During the visit, both sides agreed to build a China-U.S. cooperative partnership based on mutual respect and mutual benefit, which is to lead the development of bilateral ties in the future.It is widely believed that, in the new era, China and the United States need to enhance their political and economic relations, as well as boost cooperation in regional and international affairs.In order to achieve that, observers from across the world hold that the key lies in common actions.BLUEPRINT FOR BILATERAL RELATIONSReiterating their commitment to developing a positive, cooperative and comprehensive China-U.S. relationship as they agreed in 2009, Chinese and U.S. leaders also vowed to build "a cooperative partnership based on mutual respect and mutual benefit", during Hu's visit to Washington.The two terms showed a kind of progress which represented the increasing common interests and mutual need of the two sides over the recent period, as well as more and more challenges that required the joint efforts of the largest developed and developing countries, Chinese Vice Foreign Minister Cui Tiankai said.Yuan Peng, director of the America Studies of China Institute for Contemporary International Relations (CICIR), said the new expression of bilateral ties was positive, objective and pragmatic.As the deepening and development of the previous expression, the new term was a highlight of President Hu's U.S. visit, Yuan said.The joint statement issued by both sides during Hu's stay, which is built upon bilateral efforts to establish the cooperative partnership based on mutual respect and mutual benefit, is a clear reflection of the two countries' resolution and pragmatic attitude in jointly meeting global challenges, according to Chen Kang, professor at Lee Kuan Yew School of Public Policy at the National University of Singapore.In a nutshell, every word matters in the new expression.As "mutual respect" urges both China and the United States to respect each other's core interests and path of development, "mutual benefit" means that both countries are expected to achieve a win-win situation rather than a win-lose one, and bring about common prosperity."Partnership," meanwhile, shows that the two powers, instead of being rivals, are closely linked with each other in actions to cope with regional and international issues.Fu Mengzi, a researcher with the Beijing-based CICIR, told Xinhua, while every country attached great importance to their own national interest, their respective interests were neither unilateral nor absolute."When seeking its own interest, a country should meanwhile take into consideration the interest and major concerns of other countries," Fu said, adding that only by so doing could a win-win result rather than a zero-sum relationship be achieved.
WASHINGTON, April 20 (Xinhua) -- Those childhood music lessons could pay off decades later -- even for those who no longer play an instrument -- by keeping the mind sharper as people age, according to a preliminary study published by the American Psychological Association (APA).The study recruited 70 healthy adults age 60 to 83 who were divided into groups based on their levels of musical experience. The musicians performed better on several cognitive tests than individuals who had never studied an instrument or learned how to read music, according to the research findings published Wednesday online in the APA journal Neuropsychology."Musical activity throughout life may serve as a challenging cognitive exercise, making your brain fitter and more capable of accommodating the challenges of aging," said lead researcher Brenda Hanna-Pladdy, a clinical neuropsychologist at the University of Kansas Medical Center. "Since studying an instrument requires years of practice and learning, it may create alternate connections in the brain that could compensate for cognitive declines as we get older."The three groups of study participants included individuals with no musical training; with one to nine years of musical study; or with at least 10 years of musical training. All of the participants had similar levels of education and fitness and didn' t show any evidence of Alzheimer's disease.All of the musicians were amateurs who began playing an instrument at about 10 years of age. More than half played the piano while approximately a quarter had studied woodwind instruments such as the flute or clarinet. Smaller numbers performed with stringed instruments, percussion or brass instruments.The high-level musicians who had studied the longest performed the best on the cognitive tests, followed by the low-level musicians and non-musicians, revealing a trend relating to years of musical practice. The high-level musicians had statistically significant higher scores than the non-musicians on cognitive tests relating to visuospatial memory, naming objects and cognitive flexibility, or the brain's ability to adapt to new information.The brain functions measured by the tests typically decline as the body ages and more dramatically deteriorate in neurodegenerative conditions such as Alzheimer's disease. The results "suggest a strong predictive effect of high musical activity throughout the lifespan on preserved cognitive functioning in advanced age," the study stated.Half of the high-level musicians still played an instrument at the time of the study, but they didn't perform better on the cognitive tests than the other advanced musicians who had stopped playing years earlier. This suggests that the duration of musical study was more important than whether musicians continued playing at an advanced age, Hanna-Pladdy says."Based on previous research and our study results, we believe that both the years of musical participation and the age of acquisition are critical," Hanna-Pladdy says. "There are crucial periods in brain plasticity that enhance learning, which may make it easier to learn a musical instrument before a certain age and thus may have a larger impact on brain development."The preliminary study was correlational, meaning that the higher cognitive performance of the musicians couldn't be conclusively linked to their years of musical study. More research is needed to explore that possible link.