Bloomberg:- Physical exercise in mid-life may lower the risk of developing neurological diseases such as Alzheimer’s or dementia in later years, especially in people who may be genetically predisposed, according to a study published online by the medical journal the Landet.
- Manhattan apartment prices fell 13% in the third quarter, the most in 16 years, evidence the most expensive market in the US may have peaked.
- El Paso, owner of the largest US network of interstate natural-gas pipelines, proposed a new line connecting rising production in Rocky Mountain sates to the eastern US.
- Gasoline prices may fall as the shock of $3/gallon at the pump prompts US motorists to drive less.
- GM’s credit rating may drop more than one level when a review is completed in January, Standard & Poor’s analyst Scott Sprinzen said.
- The US dollar rose to a 16-month high against the yen and traded near a three-month high versus the euro on increasing foreign demand for US assets.
- Crude oil is dropping more than $2/bbl. on signs that record prices are curtailing fuel demand as refiners repair units damaged by the hurricanes.
- American consumers may be defying predictions that they would cut spending after Hurricane Katrina pushed up gas prices and undercut confidence, data from MasterCard International show.
- US Treasuries are rising for the first day in four as yields at the highest in more than seven weeks attracted buyers.
Wall Street Journal:- World steel industry officials are concerned that over-capacity in China could hurt steel prices in the future even though demand worldwide is currently growing.
- Japanese fans of the ancient 31-syllable tanka style of poetry are using cell phones in growing numbers to write and send verses.
- Several House Republicans are backing a measure to guarantee college students can hear “dissenting” views while protected from retaliation against their politics or religion.
- Mississippi state legislators have approved a bill to allow casinos to move onshore in a bid to help gambling companies recover from damage caused by Hurricane Katrina.
- Time Warner’s AOL unit singed an agreement to distribute its Netscape Web browser in Hewlett-Packard personal computers sold in North America, starting early in 2006.
NY Times:- Microsoft may announce new games for its new Xbox 360 console at an Amsterdam exhibition this week, including one partially developed by David Jones, an inventor of the Grand Theft Auto and Lemmings series.
- A new US program to provide low-cost health insurance benefits for part-time workers has started to enroll employees at six companies.
- Almost every US city has experienced a real-estate market slowdown since the scorching sales of the spring.
- The NY City school system inappropriately billed Medicaid for almost $200 million of transportation costs from 1993 to 2001.
Bond Buyer:- Louisiana, Texas, Alabama and Mississippi may issue as much as $60 billion in tax-exempt bonds backed by federal guarantees to provide assistance repairing damage from hurricanes Katrina and Rita.
Philadelphia Inquirer:- EarthLink Inc. was selected by a Philadelphia city group yesterday to build and maintain a local wireless network.
Washington Post:- The FBI opened about half as many criminal cases last year as it did four years earlier.
Yale Daily News:- John Bolton, the US ambassador to the United Nations, was hissed yesterday during a speech on foreign policy at Yale University yesterday.
