Caterpillar Fungus Has Anti-Inflammatory Properties


In the Tibetan mountains, a fungus attaches itself to a moth larva burrowed in the soil. It infects and slowly consumes its host from within, taking over its brain and making the young caterpillar move to a position from which the fungus can grow and spore again.

Sounds like something out of science fiction, right? But for ailing Chinese consumers and nomadic Tibetan harvesters, the parasite called cordyceps means hope—and big money. Chinese markets sell the "golden worm," or "Tibetan mushroom"—thought to cure ailments from cancer to asthma to erectile dysfunction—for up to $50,000 (U.S.) per pound. Patients, following traditional medicinal practices, brew the fungal-infected caterpillar in tea or chew it raw.

Now the folk medicine is getting scientific backing. A new study published in the journal RNA finds that cordycepin, a chemical derived from the caterpillar fungus, has anti-inflammatory properties.

"Inflammation is normally a beneficial response to a wound or infection, but in diseases like asthma it happens too fast and to too high of an extent," said study co-author Cornelia H. de Moor of the University of Nottingham. "When cordycepin is present, it inhibits that response strongly."

And it does so in a way not previously seen: at the mRNA stage, where it inhibits polyadenylation. That means it stops swelling at the genetic cellular level—a novel anti-inflammatory approach that could lead to new drugs for cancer, asthma, diabetes, rheumatoid arthritis, and cardiovascular-disease patients who don't respond well to current medications.

From Worm to Pill

But such new drugs may be a long way off. The science of parasitic fungi is still in its early stages, and no medicine currently available utilizes cordycepin as an anti-inflammatory. The only way a patient could gain its benefits would by consuming wild-harvested mushrooms.

De Moor cautions against this practice. "I can't recommend taking wild-harvested medications," she says. "Each sample could have a completely different dose, and there are mushrooms where [taking] a single bite will kill you."

Today 96 percent of the world's caterpillar-fungus harvest comes from the high Tibetan Plateau and the Himalayan range. Fungi from this region are of the subspecies Ophiocordyceps sinensis, locally known as yartsa gunbu ("summer grass, winter worm"). While highly valued in Chinese traditional medicine, these fungi have relatively low levels of cordycepin. What's more, they grow only at elevations of 10,000 to 16,500 feet and cannot be farmed. All of which makes yartsa gunbu costly for Chinese consumers: A single fungal-infected caterpillar can fetch $30.

Brave New Worm

Luckily for researchers, and for potential consumers, another rare species of caterpillar fungus, Cordyceps militaris, is capable of being farmed—and even cultivated to yield much higher levels of cordycepin.

De Moor says that's not likely to discourage Tibetan harvesters, many of whom make a year's salary in just weeks by finding and selling yartsa gunbu. Scientific proof of cordycepin's efficacy will only increase demand for the fungus, which could prove dangerous. "With cultivation we have a level of quality control that's missing in the wild," says de Moor.

"There is definitely some truth somewhere in certain herbal medicinal traditions, if you look hard enough," says de Moor. "But ancient healers probably wouldn't notice a 10 percent mortality rate resulting from herbal remedies. In the scientific world, that's completely unacceptable." If you want to be safe, she adds, "wait for the medicine."

Ancient Chinese medical traditions—which also use ground tiger bones as a cure for insomnia, elephant ivory for religious icons, and rhinoceros horns to dispel fevers—are controversial but popular. Such remedies remain in demand regardless of scientific advancement—and endangered animals continue to be killed in order to meet that demand. While pills using cordycepin from farmed fungus might someday replace yartsa gunbu harvesting, tigers, elephants, and rhinos are disappearing much quicker than worms.


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Two Winners in Record Powerball Jackpot













Winning tickets for the record Powerball jackpot worth more than $587 million were purchased in Arizona and Missouri.


Missouri Lottery official Susan Goedde confirmed to ABC News this morning that one of the winning tickets was purchased in the state, but they would not announce which town until later this morning.


Arizona lottery officials said they had no information on that state's winner or winners but would announce where it was sold during a news conference later in the day.


The winning numbers for the jackpot were 5, 23, 16, 22 and 29. The Powerball was 6.


The jackpot swelled to $587.5 million, according to Lottery official Sue Dooley. The two winners will split the jackpot each getting $293.75 million. The cash payout is $192.5 million each.


An additional 8,924,123 players won smaller prizes, according to Powerball's website.


"There were 58 winners of $1 million and there were eight winners of $2 million. So a total of $74 million," said Chuck Strutt, Director of the Multi-State Lottery Association.


In Photos: Biggest Lotto Jackpot Winners


This is the 27th win for Missouri, ranking it second in the nation for lottery winners after Indiana, which has 38 wins. Arizona has had 10 Powerball jackpot wins in its history.


Players bought tickets at the rate of 131,000 every minute up until an hour before the deadline of 11 p.m. ET, according to lottery officials.


The jackpot had already rolled over 16 consecutive times without a winner. That fact, plus the doubling in price of a Powerball ticket, accounted for the unprecedented richness of the pot.






"Back in January, we moved Powerball from being a $1 game to $2," said Mary Neubauer, a spokeswoman at the game's headquarters in Iowa. "We thought at the time that this would mean bigger and faster-growing jackpots."


That proved true. The total, she said, began taking "huge jumps -- another $100 million since Saturday." It then jumped another $50 million.


The biggest Powerball pot on record until now -- $365 million -- was won in 2006 by eight Lincoln, Neb., co-workers.
As the latest pot swelled, lottery officials said they began getting phone calls from all around the world.


"When it gets this big," said Neubauer, "we get inquiries from Canada and Europe from people wanting to know if they can buy a ticket. They ask if they can FedEx us the money."


The answer she has to give them, she said, is: "Sorry, no. You have to buy a ticket in a member state from a licensed retail location."


About 80 percent of players don't choose their own Powerball number, opting instead for a computer-generated one.
Asked if there's anything a player can do to improve his or her odds of winning, Neubauer said there isn't -- apart from buying a ticket, of course.


Lottery officials put the odds of winning this Powerball pot at one in 175 million, meaning you'd have been 25 times more likely to win an Academy Award.


Skip Garibaldi, a professor of mathematics at Emory University in Atlanta, provided additional perspective: You are three times more likely to die from a falling coconut, he said; seven times more likely to die from fireworks, "and way more likely to die from flesh-eating bacteria" (115 fatalities a year) than you are to win the Powerball lottery.


Segueing, then, from death to life, Garibaldi noted that even the best physicians, equipped with the most up-to-date equipment, can't predict the timing of a child's birth with much accuracy.


"But let's suppose," he said, "that your doctor managed to predict the day, the hour, the minute and the second your baby would be born."


The doctor's uncanny prediction would be "at least 100 times" more likely than your winning.


Even though he knows the odds all too well, Garibaldi said he usually plays the lottery.


When it gets this big, I'll buy a couple of tickets," he said. "It's kind of exciting. You get this feeling of anticipation. You get to think about the fantasy."


So, did he buy two tickets this time?


"I couldn't," he told ABC News. "I'm in California" -- one of eight states that doesn't offer Powerball.


In case you were wondering, this Saturday's Powerball jackpot is starting at $40 million.


ABC News Radio contributed to this report.



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Olam shares fall despite rebuttal of Muddy Waters' report






SINGAPORE: Olam International's shares continued to slide Wednesday despite its rebuttal of a research firm's warning that the Singapore farm commodities giant could collapse like US energy trader Enron.

"Olam faces no risk of insolvency. We have proactively planned for an appropriate capital structure and raised the requisite equity and debt to meet our investment plans," it said in a posting to the Singapore Exchange.

"We have sufficient liquidity to pursue our current business as well as future investment plans," it said, adding that its accounting practices, also called into question, fully adhere to Singapore's standards."

The statement was issued following a temporary trading halt sought by Olam after Muddy Waters, a US-based firm founded by influential short-seller Carson Block, released a scathing 133-page report on Tuesday.

Olam shares dropped further on Wednesday despite its vehement 45-page response, closing at S$1.50, down 3.85 per cent. The fall is on top of the stock's 6.0 per cent decline on Tuesday.

Last week, media reports said the company would consider buying back shares if prices continued to fall because of Muddy Waters' allegations.

The Muddy Waters report was released despite a libel suit launched by Olam in Singapore's High Court following Block's remarks at a London business conference last week that Olam was in danger of collapse.

Olam said Wednesday that the report was aimed at creating investor panic and enabling "Carson Block and his associates to benefit from their short positions in Olam securities -- a strategy of shouting fire in a crowded room".

In its report, Muddy Waters said Olam faced a "significant risk" of default and likened it to Enron, which failed in 2001 amid government probes into its accounting practices -- one of the biggest scandals in US corporate history.

Olam, which reported sales revenues of S$17.1 billion in its 2012 financial year, accused Muddy Waters on Wednesday of taking facts out of context and described its conclusions as "without merit".

Justin Harper, an analyst with IG Markets Singapore, said in the tiff so far between Olam and Muddy Waters "the biggest winner is Muddy Waters which has achieved huge amounts of coverage for its attack on Olam as Carson Block looks to raise his profile as the scourge of Asian corporations".

But he added that "while he could have raised some valid points of concern to ponder, the finger-pointing comes across as driven by self-promotion rather than genuine concern for Olam shareholders."

Olam, which started out 23 years ago in Nigeria, sources products including cocoa, coffee, cashew, sesame and rice from 65 countries and supplies them to more than 11,600 customers.

Singapore's state investment firm Temasek Holdings is one of Olam's biggest shareholders, owning a 16 per cent stake as of March 31.

According a media report, Olam CEO Sunny Verghese said Temasek has stood by Olam "by staying invested as it battles short-seller Muddy Waters".

- AFP/jc



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Gujral 'very critical', doctor says

GURGAON: The condition of former Prime Minister Inder Kumar Gujral remains "very critical", a doctor said on Wednesday.

"His condition is the same as yesterday -- very critical," K.L. Sehgal, a doctor from the Medicity Medanta Hospital here, told IANS.

On Tuesday, Gujral fell unconscious and his urine output was blocked.

Gujral, 93, was admitted to Medicity with a lung infection Nov 19, and is still on the ventilator support.

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Pictures: Falcon Massacre Uncovered in India

Photograph courtesy Conservation India

A young boy can sell bundles of fresh Amur falcons (pictured) for less than five dollars. Still, when multiplied by the thousands of falcons hunters can catch in a day, the practice can be a considerable financial boon to these groups.

Since discovering the extent of Amur hunting in Nagaland this fall, Conservation India has taken the issue to the local Indian authorities.

"They have taken it very well. They've not been defensive," Sreenivasan said.

"You're not dealing with national property, you're dealing with international property, which helped us put pressure on [them]." (Related: "Asia's Wildlife Trade.")

According to Conservation India, the same day the group filed their report with the government, a fresh order banning Amur hunting was issued. Local officials also began meeting with village leaders, seizing traps and confiscating birds. The national government has also requested an end to the hunting.

Much remains to be done, but because the hunt is so regional, Sreenivasan hopes it can eventually be contained and stamped out. Authorities there, he said, are planning a more thorough investigation next year, with officials observing, patrolling, and enforcing the law.

"This is part of India where there is some amount of acceptance on traditional bush hunting," he added. "But at some point, you draw the line."

(Related: "Bush-Meat Ban Would Devastate Africa's Animals, Poor?")

Published November 27, 2012

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Powerball Fever Sweeps the Nation, Fuels Jackpot













The allure of the record $500 Powerball jackpot has led to long lines across the nation at local mini-marts and gas stations, with Americans hoping their champagne and caviar dreams become a reality when the numbers are drawn tonight.


The jackpot was boosted Tuesday from $425 million to the now historic $500 million sum, which is expected to get sweeter as millions of Americans rush to the store for their last chance to purchase a ticket and become a multi-millionaire overnight.


Powerball officials tell ABC News they expect to sell more than 105,000 tickets every minute before the drawing. When the dust settles, more than 189 million tickets would have been sold for the half a billion-dollar jackpot. That's more than double the number sold for Saturday's $325 jackpot that nobody won.


ABC News was allowed access to the Powerball studios in Tallahassee, Fla., where the 11 p.m. ET drawing will take place. The closely guarded machines and balls are locked in a vault before the numbers are drawn and only a select few are allowed inside the room during the actual broadcast.


Anyone who enters or leaves the vault is documented and workers who handle the lottery balls wear gloves, worried that human touch might change what numbers are randomly drawn.


Cameras are located in every nook and cranny of the Powerball studio, spying on workers as they ready the machines for the big moment. Lottery officials in several states will be watching those feeds in real time to monitor the proceedings.


Not everyone has Powerball fever in the country as tickets for tonight's jackpot are not offered in eight states. But that has not stopped many Californians and Nevadans who have flocked to Arizona to get in on the action.










Powerball Drawing No Winner; Jackpot Grows to $425 Million Watch Video









Powerball Fever: Millions Chase the Chance to Hit Jackpot Watch Video





"I'd say the line has to be like three, three and a half hours," one person told ABC News while waiting online to purchase tickets Tuesday.


Still, the long lines have not deterred those who hope to dramatically change their lifestyle and make their wildest dreams become a reality.


"I'm going to the Bahamas and enjoying myself on an island," said one Powerball hopeful.


Chuck Strutt, executive director of the Des Moines, Iowa-based Multi-State Lottery Association, said the chance of getting a winner tonight is approaching 60 percent.


"We call it the redneck retirement fund cause sooner or later, somebody is going to," said one man.


There has been no Powerball winner since Oct. 6 – that's 16 consecutive drawings without a winner. It's the second-highest jackpot in US lottery history, behind only the $656 million Mega Millions prize in March.


Powerball tickets doubled in price in January to $2, and while the number of tickets sold initially dropped, sales revenue has increased by about 35 percent over 2011, according to the Associated Press.


Lottery officials put the odds of winning Wednesday's Powerball pot at one in 175 million. With so many people plaything this time around, some are worried it may hurt their odds.


"Your odds of being a winner are still the same. With so many people playing, it does mean are more likely to split the jackpot if you want," said Scott Norris, math professor at Southern Methodist University in Dallas.


Everyone who lines up with cash in their hand and dreams in their head seems to have a strategy in picking the winning combination of numbers. Or, do you simply let the computer pick for you?


"It doesn't matter. Your odds of winning are actually the same no matter who picks it," said Norris.
Norris says the only real advantage that can help someone is buying more tickets.


"Your odds increase directly proportional to the number of tickets you buy. So if you buy 100, your odds are 1 in 7 million, but still astronomically small," he said.


With odds so small in a game where just about anyone who plays is a loser, there is some hope for those living in Illinois and New Jersey. Both states have sold three winning tickets for jackpots worth at least $300 million.


A single winner choosing the lump sum cash option would take home more than $327 million before taxes.


ABC News' Steve Osunsami and Ryan Owens contributed to this report.



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Keeping the financial regulators on their toes



Initially as director and now as managing director of the GAO’s financial markets and community investment section, Brown and her staff have issued dozens of reports examining the flaws and offering recommendations to improve the $700 billion Troubled Asset Relief Program (TARP) bailout fund, the Wall Street regulatory reform law and the initiatives to prevent housing foreclosures.

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HK's securities watchdog urges support for new regulatory framework






HONG KONG : The chief of Hong Kong's securities watchdog has called on regional regulators to fully participate in the global implementation of new financial rules or risk Asia being isolated.

He said a "one-size-fits-all" set of financial regulations imposed by the West could hurt Asian markets.

The financial world is facing regulatory changes in the aftermath of the 2008 financial crisis, with another period of economic fragility on its hands.

And with the US and Europe taking steps to protect their markets, Hong Kong is urging Asian regulators to speak out against having the same set of rules imposed in this part of the world.

Ashley Alder, CEO of the Hong Kong Securities and Futures Commission (SFC), said: "If Asia does not get properly involved in the global regulatory agenda, we will find that the US and European rules will be extended to us whether we like it or not. The result could be an isolation of Asian markets from international finance."

Speaking at the 3rd Pan-Asian Regulatory Summit, other Asian regulators echoed his warnings against a "one-size-fits all" approach.

Kirk Vannikul, deputy governor of the Bank of Thailand, said: "So what Asia is trying to do is not trying to overturn the system or trying to undermine the reform. What we are asking for is only some greater flexibility so that we can have the framework, so that we can design our own measures to suit our systems."

There are growing concerns within the Asian financial industry that international regulation may result in a clash with characteristics of local markets, and could drain liquidity.

New rules such as those under the Dodd-Frank Act have sparked controversy, as US regulators want the rules to apply to cross-border trades.

Mr Alder said if Asian firms do not cooperate, "international firms will find it difficult to operate here and could withdraw from some activities, seriously harming liquidity in our markets. It could be a case of my way or the highway."

The head of the SFC said cross-border rules should be internationally agreed upon. He dismissed concerns about regulatory arbitrage, saying Asia does not intend to have laxer rules than the West.

- CNA/ms



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FDI in retail: We have the numbers in Parliament, says PM after meeting


NEW DELHI: The government on Tuesday said that the UPA was ready to discuss along with a vote the issue of FDI in multi-brand retail under any rule in Parliament.

"We are not concerned about a vote," parliamentary affairs minister Kamal Nath said. "It is for the Lok Sabha Speaker to decide under which rule a discussion on FDI should be held," Kamal Nath added.

Kamal Nath was speaking to reporters after a meeting of UPA's coordination committee.

Prime Minister Manmohan Singh also asserted that UPA has the numbers.

"Yes, we are confident of numbers," the Prime Minister told reporters after an hour-long meeting leaders of UPA which presented a united picture.

He was commenting on stalemate in Parliament over FDI issue leading to adjournment of Lok Sabha and Rajya Sabha for the fourth day in a row since the Winter Session began on November 22.

"The UPA is fully united on any decision of the Speaker and the Government...all constituents are firmly behind the Government," Kamal Nath said after the meeting.

Referring to yesterday's all-party meeting, he said, "Larger number were in favour of discussion to be decided by the Speaker." Nath said this was discussed today and he will meet the Speaker to convey the sense of yesterday's meeting.

Home Minister Sushilkumar Shinde, who is also Leader of the Lok Sabha, said, "By Monday, everything would be decided and everything would be settled."

UPA met a day after the all-party meeting convened by the government to break the logjam. UPA chairperson Sonia Gandhi, Rahul Gandhi, defence minister A K Antony, RLD's Ajit Singh, DMK's T R Baalu, NCP's Sharad Pawar and Praful Patel, National Conference leader Farooq Abdullah and finance minister P Chidambaram were among those present.

The Government got a big relief as the DMK, which was so far ambivalent on the issue of voting on FDI, said it would stand by it with "bitterness" to keep communal forces away and not let the government fall.

"When this discussion comes in the Parliament, though there may be thousands of differences (between the UPA and the DMK on the issue), thinking about the unfavourable incidents that may emerge if this government falls at the Centre, it has been decided to support the UPA with bitterness", DMK chief M Karunanidhi said.

Congress is the largest party in the United Progressive Alliance (UPA) with 206 MPs. The DMK has 18 MPs.

(With inputs from PTI, IANS)

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Space Pictures This Week: Space "Horse," Mars Rover, More





































































































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