Top Target Profits: Economic News?

Keep Shopping at Target: It’s Where It’s At

Everyone loves Target.  And it seems like the store is definitely reaping the benefits.  At least if you look at its latest financial report, released at the end of last month.  Target Corporation reported its “net retail sales for the four weeks ended August 27, 2011 were $5,292 million.”  This marked a jump of 5.4 percent from $5,023 million for the same four weeks of last year. Further, again if you look at figures for last August compared to August 2011, you will find that sales for comparable-store sales jumped up 4.1 percent.

US Economic Upturn?

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Thus the question on economists’ lips is, are these sales figures indicative of an economic upturn?  Does the fact that Target has made this increase in sales in the last year mean that the global recession – or at least the United States of America’s part in it – is over, or perhaps on its way out? Chairman, president and CEO of Target Corporation, remained unsure.  Gregg Steinhafel remained ambivalent on the subject, commenting, “while the pace of the economic recovery is uneven and uncertain, we are confident in our ability to execute on our strategy, to offer the right balance of extraordinary value, convenience, newness and differentiation and to remain our guests' preferred shopping destination."

Indeed, the top Target figures could simply be indicative of consumer satisfaction with the store, as opposed to an indirect comment on the nature of the direction of the world economy.  What might further encourage shoppers to choose Target is that for the last 65 years, the company has donated 5 percent of its income to community grants and programs. The way its profits stand today, that works out as over $3m a week.

Why We Eat Junk Food

While we may presume that we are eating junk food because of the delicious taste, new research undertaken at the University of Southern California, has disputed this theory. Indeed, scientists have found that we’re indulging in these snacks because of their yumminess but rather because of how we associate these foods. For example, since we often eat popcorn at the movie theater, that’s a fun, positive association so we will continue to eat it as it becomes a comfort food. So we’re not eating it for the taste.

The Research

The research was undertaken by giving movie-theater-goers fresh and stale popcorn. The ones who were accused to eating popcorn at the movies ended up eating around the same amount of popcorn, whether it was fresh or stale. Those who didn’t really eat much popcorn at the movies consumed way less of the stale type than the fresh due to the taste. For them, taste was much more important. And for the others – the ones who were accustomed to movie snacking, they didn’t care so much about the taste.

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USC researcher Wendy Wood explained, “people believe their eating behavior is largely activated by how food tastes. Nobody likes cold, spongy, week-old popcorn. But once we’ve formed an eating habit, we no longer care whether the food tastes good. We’ll eat exactly the same amount, whether it’s fresh or stale.”

The study was published in this month’s Personality and Social Psychology Bulletin.

Teaching Meditation to Four-Year Olds

It seems that meditative skills can be taught to children as young as four. And more than that, it seems that right now in the UK, one of these schools will be receiving state funding. And this is not going to be the only one either. It is one of 24 of the new schools that is being privately run but will be receiving Government support.

What else is interesting is that despite the fact that these schools are receiving state funding, they will not be forced to follow the country’s national curriculum. Indeed, one of the schools is going to be run along the teachings of Maharishi Yogi, an Indian-born guru.

The school will begin and end with sessions of transcendental meditation. Education watchdogs have rated this school as “outstanding.” Apparently these meditative sessions are relaxing the students and making it easier for them to learn.
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The only problem seems to be, is the money. The critics are claiming such schools should not be receiving state funding at this point. According to Lisa Nandy, a Labour Member of Parliament, “people will be shocked that their taxes are going on teaching transcendental meditation. The money would be better spent on improving existing schools.”

Tomato Tossing Festival Alive and Well in Spain

Yes, we all have some strange customs, but this may take the cake – or the tomato, if you will. Each year in Buñol, Spain, there is a La Tomatina Festival which includes thousands of happy revelers pelting each other with tomatoes. The festival runs for a week during the last week of August, and ends in a crazed, half-hour tomato throwing event on the last Wednesday in August.

20,000 Tomato Strong

This year there were said to be almost 20,000 participants, all chaotically tossing tomatoes at each other and getting into the act. There is a shot that rings out to indicate that the tomato tossing can begin, and another to indicate the end.

The Beginning

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One might wonder where such a bizarre tradition began. In 1944, a number of men started throwing tomatoes during the yearly festival. No one knows why, but it started the messy tradition that Buñol enjoys each year now.

Each year, 150,000 tomatoes are used for this wild celebration – which is, in total, over 90,000 pounds of tomatoes!


App Helps You Find that One-Night Stand

What will they think of next?  The new GPS-based mobile phone app helps you to find that one-night stand you’re looking for.  The dating application, called LocalSin, uses GPS technology to lead you to the closest “willing” matches that are near your location.

LocalSin Many Uses

Why head out to the nearby bar without knowing the facts?  With LocalSin, users have access to what is called a “passion map” which the locations listed of “compatibles” in their area. These are other users who have similar interests or profiles. LocalSin promises users that it can boost their odds of getting lucky by up to 90%.

Checking Out the Options

Users, of all sexual persuasion, can contact each other directly after finding each other on LocalSin and can then propose to meet. Users can also use this app to check out a certain bar, nightclub, or city location, to see how many people are in a given location.
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LocalSin has already been available in America and Australia for a year and is just coming to the UK now.

Scientists Create Animal with Artificial Data

For the first time ever, an animal containing artificial data in its genetic code has been developed by scientists which could result in the possibility of the establishment of “man-made properties in a wide range of animals,” according to a recent article in The Daily Mail. In addition, they could get “atom-by-atom control over molecules in living things” as well.

The research was undertaken by scientists from the Medical Research Council Laboratory of Molecular Biology in Cambridge, who “modified the genetic code of nematode worms, 1mm long invertebrates with just a thousand cells in their transparent bodies.  The study was recorded in the Journal of the American Chemical Society.

The team proved their results using a fluorescent dye – the artificial protein they introduced into the worms’ DNA contained a fluorescent dye that glows cherry red under ultraviolet light.”  If it worked the protein would have to be replicated in all of the worms’ bodies cells for the worms to completely ignite under the rays but there would not be a glow if the technique didn’t work.

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Every living creature has DNA in each cell, acting as a blueprint to set the characteristics of the organism which is comprised of “strings of simpler building blocks called amino acids, which, depending on their combinations, make the different proteins needed to sustain life.”  Each organism contains 20 different amino acids, but combining them all leads to tens of thousands of different proteins.

With this research however, Jason Chin and Sebastian Greiss used a 21st “man-made amino acid not found in nature, in the nematode worms’ DNA,” for the first time ever. In the future, such an approach might be able to be used as a way of bringing in other “amino acids into the animals that could be controlled by light.”