interesting

U.S. Treasury Secretary Henry Paulson says "absolutely there's alot of truth" to
President George W. Bush
's comment that Wall Street "got drunk and now it's got ahangover," in understanding the current economic climate. Paulsonalso is taking a wait-and-see approach on a possible second roundof economic aid, an idea that congressional Democrats are pushingto a vote. Paulson, in a television interview broadcast yesterday,asserted that the country's economic fundamentals are sound. Butasked about Bush's remark, the former
Goldman Sachs
chairman and chief executive acknowledged Wall Street has played arole in the current downtown, particularly in its borrowing andlending practices. "Absolutely there's a lot of truth to what thepresident said. And in terms of Wall Street, there was too muchleverage in the system and more leverage than was appropriate andmore than people recognized," Paulson said.
Responding to growing consumer anxiety,
California
lawmakers are considering enacting what could be the firststatewide restrictions on a chemical found in plastic baby bottlesand infant formula cans. The bill would require that all productsor food containers designed for children 3 and younger contain onlytrace amounts of the chemical, bisphenol A. There is little disputethat bisphenol A can disrupt the hormonal system, but scientistsdiffer on whether the very low amounts found in food and beveragecontainers can be harmful. The National Toxicology Program, apartnership of federal health agencies, said there is "someconcern" that the chemical can cause changes in behavior and thebrain. However, the Food and Drug Administration said there was noreason for consumers to stop using products that contain thechemical.A federal judge ordered three college students to cancel apresentation yesterday at a computer hackers' conference where theyplanned to show security flaws in the automated fare system used byBoston's subway. The temporary restraining order prevented the
Massachusetts Institute of Technology
students from demonstrating at the Defcon conference in Las Vegashow to use the vulnerabilities to get free rides. The
Massachusetts
Bay Transportation Authority said in a complaint filed Friday thatthe students offered to show others how to use the hacks beforegiving the transit system a chance to fix the flaws.

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