Shares plunged on Wall Street and the dollar fell sharply tonight after an increase in jobless claims and weak signals from industry prompted fears that the US is heading for a double-dip recession.
The Dow Jones index fell 200 points at one stage in morning trading in New York after the US labour department reported that 500,000 new claims for unemployment benefit were filed in the week ending 14 August – an increase of 12,000 on the previous week and the highest figure for nine months.
The already gloomy mood was compounded when the Philadelphia Fed, one of the Federal Reserve's 12 regional reserve banks, published its monthly health check on manufacturing in America's mid-Atlantic region. The survey, seen by Wall Street as a barometer of US industrial conditions, showed activity had contracted unexpectedly for the first time since July 2009.
President Barack Obama called on Congress to pass a bill providing support for small businesses, but Wall Street believes the threat to the world's biggest economy will also require action by the Federal Reserve to expand the money supply through its quantitative easing programme. James Bullard, president of the St Louis Fed, said tonight that the central bank would need to step up its purchases of bonds should the threat of deflation intensify.
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'Intelligent' oil droplet navigates chemical maze by Colin Barras
There's some humbling news from the chemical world for anyone who has ever found themselves lost in a garden maze. A simple droplet of organic solvent can find its way through a complicated labyrinth with nothing more to go on than a slight pH difference.
Bartosz Grzybowski's team at Northwestern University in Evanston, Illinois, used a common polymer to fashion a two-dimensional labyrinth some 2 centimetres on each side. They then flooded the maze with strongly alkaline potassium hydroxide solution, before placing a hydrochloric acid-soaked chunk of gel at the maze exit.
After about 40 seconds they placed a droplet of mineral oil containing hexyldecanoic acid at the maze entrance. The oil, which cannot mix with the potassium hydroxide solution, sits on the surface. But it remains still only for a matter of seconds – it soon begins tearing around the maze at speeds of up to 10 millimetres per second, sniffing out the shortest path to the acid-soaked gel, and solving the maze in the process.
"In the movie files you can see the droplet makes decisions," says Grzybowski. "It goes left along the wrong path, decides there's something fishy with that and so it reverses. It looks almost alive."
But while Grzybowski says the droplet displays behaviour that might be called "primitive intelligence", there's a simple chemical mechanism at work.
The droplet leaches its acid into the surrounding solution, losing hydrogen ions in a process known as deprotonation – a process that affects the surface tension of the droplet itself.
"But to the front and rear of the droplet [the surrounding solution] has a different pH," he says, because of diffusion from the acid-soaked gel at the maze exit. Those tiny pH differences affect the amount of deprotonation that happens at the front and rear of the droplet, and this asymmetry sets up a surface tension gradient that forces the droplet into motion. "I would say the droplet is self-propellant," he says.
Grzybowski's team thinks that the behaviour could have implications for cancer treatments. They would like to develop micelles – aggregates of molecules such as balls of lipids – that can navigate pH gradients in the body. "A good reason for that is cancer is more acidic than the rest of the body," Grzybowski says.
But the chemical behaviour could also offer an explanation for the apparently intelligent behaviour of the slime mould Physarum polycephalum, which 10 years ago was shown to possess similar maze-solving abilities by Toshiyuki Nakagaki, now at Hokkaido University in Sapporo, Japan.
"The [new] finding is interesting since it gives an insight of possible physical mechanisms for Physarum to find a path in the maze," Nakagaki says.
Journal reference: Journal of the American Chemical Society, DOI: 10.1021/ja9076793
Some cool mazes for you to enjoy after reading this article....
Hallucamazenic Maze-A-Delic - Ink On Paper, Winter 2006,
by Yonatan Frimer
www.TeamOfMonkeys.com
Your source for mazes.
Maze Kong - Ink on Paper
Maze of the Statue of Liberty - 2009
Maze of Liberty - 2009 - Yonatan Frimer
Which maze of the statue of liberty do you like better. The psychedelic one or the line art one? Answer with care down bellow in the comments. Thanks
Psychedelic Liberty Maze
A Chinese man who trained monkeys martial arts to entertain shoppers was shocked when they turned the tables on him.
Lo Wung's taekwondo monkeys have become a regular feature outside a shopping centre in Enshi, Hubei province, where they were trained to show off their martial arts skills on each other.
But one quick-thinking monkey saw his chance when Lo slipped - and caught him with a perfect flying kung fu kick to the head. The rest then joined in the affray.
Hu Luang, 32, who caught the incident on camera, said: "I saw one punch him in the eye - he grabbed another by the ear and it responded by grabbing his nose.
"They were leaping and jumping all over the place - it was better than a Bruce Lee film."
At one point the monkey trainer grabbed a staff to hit the monkeys, only to find himself facing a stick-brandishing monkey that cracked him over the head.
Lo only managed to get the monkeys under control by tangling them up in the rope that had been used to stop them running off.
