Browsing articles in "Health"
Friday 18th July 2008 - 7:57 am

Bulls run Wall Street again:IMF warns on inflation

by Alan Thornhill

Wall Street surged again overnight as oil prices continued to fall.

On the second day of a bull run, the Dow Jones industrial index rose 207.38 points to close at 11,446.66.

But shares in Microsoft and Google fell sharply, in evening trading, after both produced weaker than expected quarterly profits.

The S&P 500 leapt 14.96 points to 1,260.32.

And the tech heavy NASDAQ composite index rose 27.45 points to stand at 2,312.30 at the close of the day’s trade.
But oil prices fell for the third successive day, as fears of slow growth hardened.

Crude oil futures fell $US4.80 a barrel to $US129.80.

It was the first time in more than a month that crude had fallen below $US130.

Meanwhile the International Monetary Fund issued afresh – and stronger- forecast for world growth, but warned that inflation is now a serious global threat.

“The global economy is in a tough spot,” the IMF said.

It said the world is caught between slowing demand in many advanced countries and rising inflation everywhere, particularly in emerging and developing countries.

The IMF said global growth this year would slow to 4.1 per cent.

But that was better than the previous forecast of 3.7 per cent growth, which the IMF had issued in April.

World growth hit 5 per cent last year.

The IMF also predicted growth of just 3.9 per cent in 2009.

But the Treasurer, Wayne Swan, said Australia’s  prospects are still good.

“Despite concerns about inflation, the IMF’s latest forecasts for growth in Asian and emerging economies remain robust,” he said.

“In particular, the growth outlook for China remains supportive of continued growth in Australia,” Swan said.

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Tuesday 24th June 2008 - 8:18 pm

S-x and death:your chances

by Alan Thornhill

Australian men die young at much higher rates than the nation’s women.

This is confirmed in a new report on the state of the nation’s health.

The report, produced by the Australian Institute of Health and Welfare, shows that the death rate for men aged  25 to 34 is almost 100 per 100,000.

For women of the same age, the rate is about 30 per 100,000.

The prime causes of death for men in this age group are “intentional self harm” and “land transport accidents.”

Together, these causes account for almost 43 per cent of male deaths, in this age group.

They also cause almost 30 per cents of deaths among women in the same age group.

Coronary heart disease, though, remains the leading killer of both Australian men , in the much broader 25-64 year age group. It accounts for 15.7 per cent of these deaths.

Breast cancer, though, is the leading cause of death for women in the same broad age group, accounting for 14.5 per cent of deaths.

Coronary heart disease accounts for only 6.5 per cent of deaths, among Australian women aged 25-64.

The report also notes that while the health of Australians is improving on most indicators, obesity is becoming an even bigger problem.

It notes, too, that health standards, among Aborigines are much lower than those of other Australians.

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Alan Thornhill

Alan Thornhill is a parliamentary press gallery journalist.
Private Briefing is updated daily with Australian personal finance news, analysis, and commentary.

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