Archive for the 'Collapse' Category
Britain: Babies to Be Given Anti-Obesity Drugs in the Womb
May 12th, 2011Via: Telegraph: One hundred obese mums-to-be will be given Metformin as part of a three-year study to tackle obesity rates and reduce the number of difficult births. Patients at Liverpool Women’s Hospital will be given the drug to reduce the food supply to their unborn babies, although it will not help the mums themselves to […]
Ireland: Government Raids Private Pensions to Pay for Spending
May 11th, 2011Via: Business Insider: The Irish government plans to institute a tax on private pensions to drive jobs growth, according to its jobs program strategy, delivered today. Without the ability sell debt due to soaring interest rates, and with severe spending rules in place due to its EU-IMF bailout, Ireland has few ways of spending to […]
Greece Considers Exit from Euro Zone
May 6th, 2011Via: Spiegel: The debt crisis in Greece has taken on a dramatic new twist. Sources with information about the government’s actions have informed SPIEGEL ONLINE that Athens is considering withdrawing from the euro zone. The common currency area’s finance ministers and representatives of the European Commission are holding a secret crisis meeting in Luxembourg on […]
America’s Middle Class Crisis
May 5th, 2011Via: Yahoo Finance: Schwenninger’s recent report “The American Middle Class Under Stress” has some stunning facts that highlight the struggles the average American is having getting a decent-paying job and keeping up with rising cost of living. Here are just some of the sobering facts: — There are 8.5 million people receiving unemployment insurance and […]
Massive Floods Extend Across Midwest, South
May 4th, 2011Via: CNN: An engorged Mississippi River spilled out onto huge swaths of farmland in the South and Midwest on Wednesday, prompting massive flooding from Minnesota to Louisiana. Heavy rains spawned flooding that meteorologists say is not expected to fully relent until early June. Areas along the Ohio River Basin also experienced heavy flooding, forcing residents […]
Recovery: About 1 in 7 in U.S. Receive Food Stamps
May 4th, 2011Via: Christian Science Monitor: As a logical consequence of the prolonged economic downturn it appears that participation in the federal food stamp program is continuing to rise. In fact, household participation has been climbing so steadily that it has far surpassed the last peak set as a result of the immediate fallout following hurricane Katrina. […]
Deutsche Bank Faces U.S. Fraud Lawsuit Over Mortgage Lending
May 3rd, 2011via: Bloomberg: Deutsche Bank AG (DBK), Germany’s biggest bank, was sued for more than $1 billion by the U.S. government, which claims it “repeatedly lied” so that thousands of risky mortgages qualified for a government insurance program. The Frankfurt-based bank and its MortgageIT unit falsely certified that borrowers didn’t face risk of default, qualifying the […]
Japan: Kan, “Will Study the Possibility of Setting Up an Alternative Capital to Take Over Tokyo’s Role in an Emergency”
May 2nd, 2011Via: NHK: Kan said measures were not taken despite previous accidents and warnings, and that he must admit that the utility and the government failed to fully deal with the situation. He also suggested that he will study the possibility of setting up an alternative capital to take over Tokyo’s role in an emergency, saying […]
Nuclear Emergency Sirens Conk Out in Storm
April 30th, 2011Via: Times Free Press: TVA safely shut down its Browns Ferry Nuclear Plant in Alabama with emergency backup power this week, but power outages across the Tennessee Valley still left the utility without enough emergency sirens to warn nearby residents of potential safety problems at both Browns Ferry in Alabama and the Sequoyah Nuclear Plant […]
The Plan to Contain the Chernobyl Disaster for the Next One Hundred Years
April 29th, 2011Via: Scientific American: French construction company Novarka is working on a replacement, the New Safe Confinement (NSC), which Schmieman helped to design. Because the reactor is still radioactive, architects designed the NSC with worker safety in mind. The arch will not be built over the sarcophagus but will be assembled nearby from prefabricated segments. Workers […]
