Archive for the 'Economy' Category
Naoto Kan, Japan’s Former Leader, Condemns Nuclear Power
May 29th, 2012Via: New York Times: In an unusually stark warning, Japan’s prime minister during last year’s nuclear crisis told a parliamentary inquiry on Monday that the country should discard nuclear power as too dangerous, saying the Fukushima accident had pushed Japan to the brink of “national collapse.” … He said he feared additional meltdowns could “release […]
Germany Sets New Solar Power Record
May 28th, 2012Via: Reuters: German solar power plants produced a world record 22 gigawatts of electricity per hour – equal to 20 nuclear power stations at full capacity – through the midday hours on Friday and Saturday, the head of a renewable energy think tank said. The German government decided to abandon nuclear power after the Fukushima […]
Hong Kong: Skyscraper City
May 28th, 2012Must see. Via: Kotaku: To say Hong Kong is crowded is an understatement. Over seven million people are squeezed into just 1,108 square kilometers. And boy, in some places it’s a tight squeeze.
Lloyd’s of London Preparing for Euro Collapse
May 27th, 2012Via: Telegraph: The chief executive of the multi-billion pound Lloyd’s of London has publicly admitted that the world’s leading insurance market is prepared for a collapse in the single currency and has reduced its exposure “as much as possible” to the crisis-ridden continent.
U.S. National Security Budget in Fiscal 2013 Will Be Nearly $1 Trillion
May 27th, 2012Via: Asia Times: In fact, with projected cuts added in, the national security budget in fiscal 2013 will be nearly $1 trillion – a staggering enough sum that it’s worth taking a walk through the maze of the national security budget to see just where that money’s lodged. If you’ve heard a number for how […]
Pope’s Butler Leaked Vatican Documents
May 26th, 2012Via: Reuters: Paolo Gabriele was always a reserved, almost shy man, as his position required. He had access to the most private rooms in the Vatican’s Apostolic Palace – Pope Benedict’s apartment. But what could have prompted the pope’s butler, who was formally charged by Vatican magistrates on Saturday with illegal possession of secret documents, […]
Britain: Planning Underway for Immigration Controls if Euro Collapses
May 26th, 2012Via: Telegraph: The Government is drawing up plans for emergency immigration controls to curb an influx of Greeks and other European Union residents if the euro collapses, the Home Secretary discloses today.
Spain: Bankia Shares Suspended Ahead of Rescue Details
May 25th, 2012Via: Reuters: Shares in Spain’s fourth-biggest lender Bankia SA were suspended on the Madrid stock exchange on Friday, ahead of an evening announcement when the bank is expected to ask the state for a rescue of more than 15 billion euros (12 billion pounds). The government is in the process of nationalising Bankia, which holds […]
Real U.S. Deficit in 2011: $5 Trillion
May 24th, 2012Via: USA Today: The typical American household would have paid nearly all of its income in taxes last year to balance the budget if the government used standard accounting rules to compute the deficit, a USA TODAY analysis finds. Under those accounting practices, the government ran red ink last year equal to $42,054 per household […]
H.R. 4133: The United States-Israel Enhanced Security Cooperation Act of 2012
May 24th, 2012Via: Antiwar.com: Go to Google and type in “H.R. 4133.” You will discover that, apart from a handful of blogs and alternative news sites, not a single mainstream medium has reported the story of a congressional bill that might well have major impact on the conduct of United States foreign policy. H.R. 4133, the United […]
