COLUMBUS, Ohio – Younger Americans not only take on relatively more credit card debt than their elders, but they are also paying it off at a slower rate, according to a first-of-its-kind study.
The findings suggest that younger generations may continue to add credit card debt into their 70s, and die still owing money on their cards.
“If what we found continues to hold true, we may have more elderly people with substantial financial problems in the future,” said Lucia Dunn, co-author of the study and professor of economics at Ohio State University. (more…)
One-third consider options other than the store for next purchase; Showrooming drives 50 percent of online sales
ARMONK, N.Y. – 15 Jan 2013: National Retail Federation Convention – A new IBM study of 26,000 global consumers released today at the 2013 National Retail Federation convention (#IBMNRF) found they are diversifying the way they shop for and acquire goods, becoming increasingly open to buying both online and in-store depending on their needs at time of purchase. While more than 80 percent of shoppers chose the store to make their last non-grocery purchase, only half are committed to returning there next time they buy.
IBM’s research finds that consumers are in a transitional state. According to the study, 35 percent are unsure whether they would next shop at a store or online. Nine percent are ready to commit to making future purchases online. Of all eight product categories tracked in the survey, the two most popular categories chosen by consumers for an online shift are consumer electronics and luxury items, including jewelry and designer apparel. (more…)
Cloud computing enhances control of “Internet of Things” in the home to help manage heating, lighting, security and more via multiple user interfaces including gestures and voice recognition
LAS VEGAS, CES – 08 Jan 2013: IBM, STMicroelectronics and Shaspa today announced a collaboration to tap cloud and mobile computing for manufacturers and service providers to provide innovative ways for consumers to manage and interact with their homes’ functions and entertainment systems using multiple user interfaces such as voice recognition and physical gestures for a smarter home.
A “smart home” brings networking functions together, creating a gateway that connects a television, computer or mobile device with smart meters, lights, appliances, plugs and sensors within the home as well as services from outside. Parks Associates forecasts that more than 8 billion devices will be connected on the home network by year-end 2015.[1](more…)
Knowledge of effects could lead to better assistance for youths
COLUMBIA, Mo. – A father’s death can have long-term effects on a child’s later success in life and can be particularly harmful if the father passes away during a child’s late childhood or early adolescence, according to new research by a University of Missouri anthropologist. Recognizing the impact that a father’s death can have on adolescents could lead to improved counseling and assistance programs, especially for needy families in the developing world.
“Certain negative effects of a father’s death can’t be compensated for by the mother or other relatives,” said Mary Shenk, assistant professor of anthropology in MU’s College of Arts and Science. “The loss of a father can result in lower adult living standards for the bereaved children. Not only is a child emotionally affected, but the lack of a father’s earning power can cause children to get married younger or drop out of school in order to work.” (more…)
COLUMBUS, Ohio — In a discovery that raises further concerns about the future contribution of Antarctica to sea level rise, a new study finds that the western part of the ice sheet is experiencing nearly twice as much warming as previously thought.
The temperature record from Byrd Station, a scientific outpost in the center of the West Antarctic Ice Sheet (WAIS), demonstrates a marked increase of 4.3 degrees Fahrenheit (2.4 degrees Celsius) in average annual temperature since 1958—that is, three times faster than the average temperature rise around the globe. (more…)
Are you allergic to peanuts and worried there might be some in that cookie? Now you can find out using a rather unlikely source: your cell phone.
A team of researchers from the UCLA Henry Samueli School of Engineering and Applied Science has developed a lightweight device called the iTube, which attaches to a common cell phone to detect allergens in food samples. The iTube attachment uses the cell phone’s built-in camera, along with an accompanying smart-phone application that runs a test with the same high level of sensitivity a laboratory would.(more…)
A device designed by engineers at the Georgia Tech Research Institute (GTRI) is part of the Hurricane Imaging Radiometer (HIRAD), an experimental airborne system developed by the Earth Science Office at the NASA Marshall Space Flight Center in Alabama.
Known as an analog beam-former, the GTRI device is part of the radiometer, which is being tested by NASA on a Global Hawk unmanned aerial vehicle. The radiometer measures microwave radiation emitted by the sea foam that is produced when high winds blow across ocean waves. By measuring the electromagnetic radiation, scientists can remotely assess surface wind speeds at multiple locations within the hurricanes. (more…)
Berkeley Lab scientists develop a new nanotech tool to probe solar-energy conversion
If nanoscience were television, we’d be in the 1950s. Although scientists can make and manipulate nanoscale objects with increasingly awesome control, they are limited to black-and-white imagery for examining those objects. Information about nanoscale chemistry and interactions with light—the atomic-microscopy equivalent to color—is tantalizingly out of reach to all but the most persistent researchers.
But that may all change with the introduction of a new microscopy tool from researchers at the Department of Energy (DOE)’s Lawrence Berkeley National Laboratory (Berkeley Lab) that delivers exquisite chemical details with a resolution once thought impossible. The team developed their tool to investigate solar-to-electric energy conversion at its most fundamental level, but their invention promises to reveal new worlds of data to researchers in all walks of nanoscience. (more…)
