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Lakes Neighbors: Under their skin

Pat Blake and Holly Ihloff sell their new organic skin care products for people of all ages and for pets at the Friends Corner Craft Show in Gorham last week. The two started their business because they were horrified by components in some of what was on the market. .

The Technology Chronicles

Had the bidding not reached the reserve price, the FCC could have scrapped the C block auction and tried again without the open access condition that required the winner to connect all devices and applications. The open access rule is important for companies like Google, which can be assured that its applications and services are able to run freely on the new network.

More than 20 Years in the Making

The NASDAQ100 fell 3.1% (down 14.2%), and the Morgan Stanley High Tech index declined 2.3% (down 14.2%). The Semiconductors dipped 1.1% (down 13.1%). The Street.com Internet Index added 0.2% (down 11.4%) and the NASDAQ Telecommunications index recovered 1.1% (down 11.9%). The volatile Biotechs sank 6.5% (down 6.0%). Financial stocks went into panic melt-up mode. The Broker/Dealers surged 6.3% (down 8.5%) and the Banks 10.3% (down 2.4%). With Bullion surging $30.80, the HUI Gold index gained 5.9% (up 12.8%).

More melt-up... Three-month Treasury bill rates collapsed 58 bps the past week to 2.26%. Two-year government yields sank 15 bps to 2.20%. Five-year T-note yields declined 7 bps to 2.77%, and ten-year yields fell 7 bps to 3.56%. Long-bond yields were one basis point lower at 4.27%.

Acne And Rosacea Getting You Down? Laser, Light And Cosmetic Treatments Give Patients A Much Needed Boost

It is estimated that approximately 50 million people in the United States alone are affected by acne vulgaris, and another 14 million Americans experience the redness, flushing and pronounced blood vessels associated with rosacea. While there are no cures for these persistent skin conditions, dermatologists are broadening their treatment options to include laser, light and cosmetic therapies that are proving effective in managing these conditions and improving patient satisfaction.

Speaking at the 66th Annual Meeting of the American Academy of Dermatology, dermatologist Jenny J. Kim, MD, PhD, FAAD, assistant professor of medicine and dermatology at the David Geffen School of Medicine, University of California at Los Angeles (UCLA), in Los Angeles, Calif., discussed the latest approaches for treating acne, acne scarring and rosacea with laser and light therapies by themselves, in combination with each other or with cosmetic treatments, such as fillers.

Microsoft, the sleeping giant, wakes again

Yahoo's board of directors has decided to reject the offer, a person familiar with the matter said Saturday. The person, who is close to Yahoo management, said the company planned to tell Microsoft in a letter Monday that the deal undervalues the Internet company and fails to offset its risk if regulators were to overturn the merger.

Although Yahoo doesn't want to sell to Microsoft, it has few alternatives. Many analysts expect Microsoft to sweeten its offer, and Yahoo to accept it.

If it wins Yahoo, the Redmond, Wash.-based software giant will have pulled off by far the largest acquisition in its 33-year history to try to keep Google from getting further ahead.

"Microsoft tends to be a reactive company," said Mark Anderson, an entrepreneur and author of an industry newsletter that counts Gates and Microsoft Chief Executive Steve Ballmer among its subscribers.