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"Russia diversifies into Canadian dollars By Peter Garnham Published: January 20 2010 16:46 | Last updated: January 20 2010 16:46 Russia's central bank announced on Wednesday that it had started buying Canadian dollars and securities in a bid to diversify its foreign exchange reserves. Analysts said the move could be a sign of increased diversification of emerging market central bank assets away from the dollar and into investments denominated in other commodity-linked currencies, such as the Australian dollar. Adam Cole at RBC Capital Markets said if taken in isolation, Russia's announcement that it was buying Canadian dollars was not significant, but if it was part of a broader trend, then it was an important step. "If it is a barometer for the activity of other central banks, then its is structurally positive for the currencies of countries like Canada and Australia that have a commodity bias in their economies," he said. Although not officially confirmed, traders said that other emerging market central banks, including some in Asia which hold large foreign exchange reserves, have also been active in the foreign exchange market in recent weeks buying both Canadian dollars and Australian dollars. Alexei Ulyukayev, first deputy chairman of Russia's central bank, said that it would invest in Canadian dollar-denominated deposits and bonds. "The Canadian financial market is not very deep, so we can invest in deposits in significant volumes, while the bond market is limited," he said. Although the central bank did not specify how much of its reserves it was allocating to assets denominated in the Canadian dollar, analysts estimated that the central bank could put up to $9bn, or 2 per cent, of its foreign exchange reserves into the currency."

"The new full body scanners going into airports across the United States are being hailed as the next great innovation in airport security, but the truth is that most Americans do not understand what these machines actually do. The reality is that these machines produce an image that is the closest one can get to seeing someone's exposed body without actually seeing their skin. Every curve, every crevice and every detail of the bodies of every passenger will be completely exposed to the eyes of gawking airport security officials. In addition, a number of scientific experts are now claiming that the technology used by these scanners actually is damaging to human DNA. But even with all of these concerns, new polls reveal that an overwhelming majority of Americans want these machines to be installed in U.S. airports. So are you ready to walk through full body scanners that give security officials a crystal clear look at your completely exposed body? Democratic political strategist James Carville apparently is.... "Let me buy a [security] card, then go and measure my *****, and let me get on the airplane." But is this the way that the new "Amerika" has to be? A place where all dignity and all privacy is completely thrown out the window? A place where there is no shame and where we are all reduced to little more than cattle to be herded around and embarrassed? But not only are these new full body scanners a threat to privacy, they are also potentially dangerous to our health."

What is RFID? RFID stands for Radio Frequency IDentification, a technology that uses tiny computer chips smaller than a grain of sand to track items at a distance. RFID "spychips" have been hidden in the packaging of Gillette razor products and in other products you might buy at a local Tesco, Wal-Mart or Target store - and they have already been used to spy on people.

"For decades, China was viewed by U.S. strategists as a struggling communist nation with a massive population that really did not represent any kind of strategic threat to the United States at all. But that has now dramatically changed. Thanks to trade agreements that are extremely favorable to China, the "Great Dragon" has risen and has become a formidable economic machine. Already accounting for a fifth of humanity, this new economic muscle has also allowed Beijing to dramatically reform and upgrade the Chinese military. Now China is without a doubt a world superpower and it stands poised to be a major player on the world stage during the last days. So just how powerful of an economic force is China now? Well, in 2010 China is expected to replace Japan as the world's second-largest economy. Not only that, but China has overtaken Germany and is now the biggest exporter in the entire world. Let that sink in for a bit. China sells more stuff to other countries than anyone else in the world. That fact alone is enough to make China an economic superpower. Citizens of the U.S. like to think of themselves as the greatest economic superpower, but the reality is that the average American is drowning in debt. In fact, the average American piled up even more debt this past Christmas season buying cheap plastic stuff made in China to exchange with family members around the ole Christmas tree."

"WASHINGTON - The U.S. health care system is in serious need of changes, but the Democratic plan to overhaul it is badly flawed and should be repealed and replaced, the Senate Republican leader says. Sen. Mitch McConnell of Kentucky said Saturday in the GOP radio and video address that "nobody is satisfied with the health care system as it is." Costs are out of control and "people are being squeezed out of the market," he said. But he said the health care bill signed by President Barack Obama this week doesn't solve those problems and undermines what is best about health care in this country - a wide variety of medical options and innovations. The main health care law and a companion "fix-it" measure aim to crack down on insurance industry abuses and to reduce federal deficits by an estimated $143 billion over a decade. Most Americans would be required to buy insurance for the first time or face penalties. McConnell was emphasizing a new GOP political approach opposing Democrats' health care measures that proposes "repealing and replacing" the bill rather than just repealing the new health care law. Republicans say they can push for parts of the health care overhaul without adopting elements they don't like, such as tax increases. "We can do better," he said. "We can expand access to people with pre-existing conditions. We can keep people from being kicked off their plans. We can lower costs and premiums. We can do all of these things without undermining the things we do best and without raising taxes that kill jobs in a bad economy." Republicans want to appeal to tea party supporters and other conservatives upset at the size and scope of the legislation, while acknowledging that many people, including moderate Republicans and independents, want to see changes in American health care. Obama said this week that he welcomes a political fight with Republicans over efforts to repeal the bill. Repeal is highly unlikely because Repu