- The Washington Times - Monday, March 24, 2008

Regional

• WoundStat, a blood-clotting product created by Virginia Commonwealth University scientists could win the Army’s approval for battlefield use by next month. Nearly half of battlefield deaths are the result of blood loss. TraumaCure of Bethesda, which holds the license to sell WoundStat said it will soon have produced enough WoundStat for every soldier in combat. An Army contract could be worth $5 million for the company.

National

• The Treasury Department should take a more active role to deal with the meltdown in financial markets, former Clinton Treasury Secretary Lawrence Summers and former Bush economic czar Glenn Hubbard said on “Fox News Sunday.” “Arguably, the Treasury should be more involved here,” said Mr. Hubbard. The Federal Reserve’s move last week to rescue Bear Stearns “probably requires a change in our regulatory apparatus,” he said.

• A survey says the national average price for gasoline rose 7 cents in the past two weeks. The average price of self-serve regular gasoline on Friday was $3.26 a gallon, midgrade was $3.38 and premium was $3.50, according to the Lundberg Survey.

• What in the name of Colonel Harland Sanders is going on at KFC? The Kentucky Fried Chicken chain built by his secret recipe is about to give equal billing to — gulp — grilled chicken. Customers will be greeted by lighted “Now Grilling” signs, starting in coming weeks in select U.S. cities. Storefront signs will be altered to promote the new product — called Kentucky Grilled Chicken.

Al Copeland, who became rich selling spicy fried chicken and notorious for his flamboyant lifestyle, died yesterday at a clinic near Munich at age 64. The founder of Popeyes Famous Fried Chicken suffered from a malignant salivary gland tumor. Mr. Copeland started a doughnut shop before being inspired to emulate Kentucky Fried Chicken after that chain opened a restaurant in New Orleans in 1966.

International

• Growing use of such crops as wheat and corn to make biofuels is putting world food supplies in peril, warned the head of Nestle, the world’s biggest food and beverage company. “If as predicted, we look to use biofuels to satisfy 20 percent of the growing demand for oil products, there will be nothing left to eat,” Chief Executive Peter Brabeck-Letmathe said.

Iraq’s Oil Ministry said that it has invited local and international oil companies to bid for contracts including one to develop a natural gas field in the former Sunni insurgent stronghold of Anbar province.

From wire dispatches and staff reports

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