World Markets Simplified

• Merck & Co., Inc. (MRK) Stops Bone Drug Trial on Positive Results More...

A free new app called UMSkinCheck, designed for iPhone and iPad, will screen skin cancers by reminding users to compare unusual growths on their skin with actual photos provided by the app.

A collaboration of the University of Michigan Medical School technology and clinical expertise, the app guides users through a series of 23 photos, covering the body from head to toe.

Photos are stored within the app and serve as a baseline for future comparisons. The app will create a reminder to repeat a skin self-exam on a regular basis.

If a mole appears to be changing or growing, the photos can then be shared with a dermatologist to help determine whether a biopsy is necessary, according to a Michigan statement.

"We recommend skin self-exams for everyone in order to detect skin cancer at the earliest stages, when treatment is less invasive and more successful," said Michael Sabel, associate professor of surgery at the Michigan Medical School, who led the project to develop the app.

"If you have fair skin or burn easily, have had sunburns in the past or used tanning beds, or have a family history of melanoma, you are considered high-risk, and so it's even more important," Sabel added.

"Whole body photography is a well-established resource for following patients at risk for melanoma, (the most dangerous form of skin cancer)," said Sabel.

"However, it requires a professional photographer, is not always covered by insurance, and can be an inconvenience. Now that many people have digital cameras on their phones, it's more feasible to do this at home," added Sabel.

More than two million Americans are diagnosed with skin cancer each year, and some 50,000 will be diagnosed with melanoma. Regular skin checks can help people discover melanoma in its earliest stages.

Becoming ,’ Crorepati’ is a dream which every Indian has. But the critical question is how to do that. While there are many ways to do become a crorepati, the one which strikes the mind is to participate in the popular television channel,’ Kaun Banega Crorepati’ and win a crore in the game show. But there comes the catch .It is not only difficult to get selected for the show, it is even more daunting task to win a crore in the program. But hang on! You need not get tensed! There is an easy way out and it comes from a common sense approach to investment. An investor you need to do two things to achieve the target. One is to start early and second is to invest with a long time horizon.

If you are 20 year old, all you need is to put Rs.28.50 in your piggy bank daily, withdraw it after a month and invest the same in a mutual fund. There is no need even to invest money daily. This can be your way to be a crorepati. While there is no element of guaranteed return here, power of compounding can work in favour of investor and help him achieve his target.

Let us understand it with an example and a set of assumptions. Assumptions are as follows:

Mr. X is 20 years old
He accumulates Rs. 28.50 every day for a month for 40 years in a piggy bank. After the end of month he withdraws money from piggy bank and invests it through SIP in a well diversified mutual fund
Mutual fund gives a return of 12% p.a., compounded monthly
Options are available to invest saved amount or else he can change the amount of investment to meet requirements of SIP amount.If Mr. X continues this process for 40 years, he will become a crorepati if all the assumptions mentioned hold good. Rs. 28.5 invested daily for a period of 40 years grows into a crore because of magic of power of compounding. This opportunity is available to even older people. However, they have to forgo some other consumption though in small quantity only. As a 30 years old person, you need to save Rs. 95 daily. As the age progresses, the savings required increases naturally. The chart below shows that:

Age	Time Frame	Daily Savings(In Rupees)	Expected Rate of Return
20	40 Years	28.5	12% p.a. (compounded)
30	30 Years	95	12% p.a. (compounded)
40	20 Years	340	12% p.a. (compounded)

So, what do you need to achieve the target of Rs. 1 crore as a twenty year old? No gigantic effort. Just skip a cup of tea and two cigarettes daily. What if, you are already a non-smoker and even don’t drink it. Find out an easy way of thriftiness, without changing your life style substantially. Thriftiness needs to be little more for a 30 year old person and much more for a 40 year old person. So why not start early as well.

Facebook has made it easier for its over 900 million users to keep track of upcoming events such as birthdays and parties with a its Events makeover. This comes close on the heels of Google launching feature rich events for its Google Plus social networking service.

The new additions to Facebook events are the Events calendar and a List view that highlight upcoming events so that users can plan well in advance for them.

A note by Facebook engineer Bob Baldwin on the Facebook engineering page said, "Today we announce a new list and calendar view that makes it easier to scan upcoming birthdays, invites and suggested events. Scroll through these events and respond to invites without leaving the page. Suggested events are recommended to you based on your friends, Pages you like, places you've checked in at and the apps you use on Facebook."

This Facebook Events redesign is the result of a Facebook hackathon, where Facebook engineers get together to hack on new ideas and try to build a prototype overnight. The Events hackathon project had started about a year ago.

A multibillion dollar trading loss at JP Morgan was reminded of a nightmare occurred when Lehman Brothers was collapsed in 2008. Trading bets went wrong and open position at trading house of JP Morgan predicting a loss of more than $9 billion dollars. It has put the image of JP Morgan as a one of the safe trading and investment bank of United States in question. Now the controversial report that shows that JP Morgan is No 1 stock picker as Investors rate brokers according to a bloomberg report.
That means that $9 billion trading was just a misfortune of J P Morgan and the latest report might shred the earlier tarnished image of J P Morgan

Veteran Actor Dara Singh died at the age of 84 in Mumbai on Thursday. His doctor RK Aggarwal said, "He died due to cardiac respiratory arrest at around 7:30 am." Dara Singh will be cremated at 2 pm.

The 84-year-old had suffered severe brain damage following a cardiac arrest last week. He was shifted home from hospital on Wednesday night as his family wanted his final moments to be spent at home.

The grim news shook the film industry as well as the political fraternity. Actor Amitabh Bachchan tweeted, "Dara Singh ji passed away this morning. A great Indian and one of the finest humans..An entire era of his celebrated presence gone!"

Actor Shah Rukh Khan also tweeted, "Wrestlers r made of sweat,determination & a hard to find alloy called guts...most apt for Dara Singhji our very own Superman.Will miss u sir." (sic)

BJP leader Sushma Swaraj tweeted, "He distinguished himself not only as a sportsperson but also as an actor and a Member of Parliament."

The 84-year-actor was admitted to Kokilaben Hospital in an emergency condition on July 7. He had suffered a cardiac arrest and since then he has been in the ICU.

The Commonwealth wrestling champion entered film industry in the fifties and is known for his roles in 'King Kong' and 'Faulad'. He was last seen in Imtiaz Ali's 'Jab We Met' (2007) playing Kareena Kapoor's grandfather.

The veteran actor had played the character of Hanuman in Ramanand Sagar's epic television series 'Ramayan'.

A California yoga instructor has been fired for her disapproving stink-eye glare at a Facebook employee using a cellphone in class.

Alice Van Ness, who was hired to teach hour-long yoga sessions at Facebook's Menlo Park campus, said that she would tell students before class to turn off their cellphones.

But a female employee pulled out her cellphone in the middle of a Monday session and began texting.

The San Jose Mercury News said Van Ness didn't say anything, but she gave the student what she calls a look of disapproval.

The student later complained and Van Ness was fired by Plus One Health Management.

The termination letter said Van Ness "made a spectacle" of the student.

Top Stories
Amid new pressures, China prepares for immediate stimulus

• Forest Laboratories, Inc. (FRX) Hires Search Firm to Hunt for New CEO More...