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Sweden’s Ikea may need to super-size its shopping carts. The furniture retailer unveiled an investment group today to put €50 million into cleantech startups over the next five years, with the eventual goal of seeing solar panels and other clean technologies on sale in its stores or used by Ikea suppliers.

Ikea GreenTech plans to focus on five areas — solar panels, alternative light sources, product materials, energy efficiency, and water saving and purification. The group said the investments will be made in companies that offer commercial prospects within a four to five year horizon.

“We’re already talking to companies,” Johan Stenebo, managing director of Ikea GreenTech, told the Cleantech Group. He said Ikea is likely to make its first investments this year. “That’s certainly our aim to make happen.”

Stenebo said the cleantech products will follow the same guidelines as the company’s other products.

“Really low prices, and they should be of very good quality. That’s the only thing we look at, we would never look at anything else, we would discard anything else that doesn’t fall into those boundaries,” he said. “Whether it’s home furnishings or it’s greentech products.”

Over the next two years, Ikea plans to work with five or six companies, with a target of bringing the first products to market within three to four years, helping the startups reduce their prices and develop better products.

Ikea expects to invest in five to 10 companies overall, keeping the portfolio relatively small so it spend a lot of time with the startups.

The pub, in Edgefield near Holt, is one of the few to see business boom since the start of the credit crunch as it encourages locals to trade their home grown produce in return for alcohol.

The sign outside the pub reads: ‘If you grow, breed, shoot or steal anything that may look at home on our menu, then bring it in and let’s do a deal.’ True to their word they’ll negotiate on anything, agreeing a barter price based on the size, quantity and quality of the produce presented.

Green fingered residents have been trading fruit and vegetables for pub meals and drinks, while others have swapped freshly laid eggs and fish or meat they’ve caught themselves for a pint.

Pub manager and brain child of the popular scheme, Cloe Wasey, enthused “We find the home-grown stuff is often much better than what we can get from the suppliers. When we get the good stuff, and it gets on to the specials board, it’s brilliant.”

Continuing: “We’ve been doing it for almost two years now but the success of it has only just recently started to boom with the credit crunch setting in. People need to find different ways to go out and this helps.”

So far the pub have traded pints in return for locally shot rabbit, pheasants and pigeons as well as fruit grown on local trees and potatoes freshly dug from punters’ gardens. They’ve also honored some more unusual requests with one customer bringing in eight pairs of pigs testicles to trade.

Ramon Michael Clark, 31, entered his guilty plea in federal court before U.S. District Judge John A. Mendez, according to a news release by the office of U.S. Attorney McGregor Scott.

Clark’s illegal activity came to light as a result of a pilot program requiring merchants to collect identifying information from people buying ammunition.

Clark bought 50 rounds of .25 caliber ammunition from Big 5 Sporting Goods on Mack Road in February.

In the 12 months that ended June 30, nearly 25% of all homes sold nationwide fetched less than sellers originally paid, according to real estate Web site Zillow.com.

While the nation’s double-digit decline in home prices has been well documented, the new report underscores the economic force of those price declines. Homeowners are walking away with much less in their pocket when they sell. And that affects more than the real estate market.

The picture is darkening so fast in Spain that Prime Minister Jose Luis Zapatero cancelled holidays and called his cabinet back to Madrid yesterday for the first emergency session of its kind since the Franco dictatorship. The crisis meeting agreed to a €20bn (£16bn) blitz on public works, tax cuts, and a mortgage rescue to halt the downward spiral.

Growth has turned negative in Ireland, Denmark, Latvia, and Estonia, while grinding to a halt in Sweden and The Netherlands. Iceland contracted by a staggering 3.7pc. The grim data from Eurostat follows a recession warning in Britain, and shock news that the Japanese economy had shrunk 0.6pc in the second quarter.

Almost the entire bloc of rich Organisation for Economic Co-operation and Development (OECD) countries – still two thirds of the world economy – are now in the grip of a major downturn. The oil shock over the early summer appears to have had a dramatic effect on the heavy industries of Japan and Germany.

The eurozone as a whole shrank by 0.2pc, the first contraction since the launch of the single currency a decade ago. Germany led the slide with a fall of 0.5pc. France and Italy fell 0.3pc. The delayed effects of the strong euro, tight credit, and slowing exports have now kicked in with a vengeance.

“This is an alarm warning for the economy,” said the Confederation of German Industry (BDI).

The European Central Bank and its president Jean-Claude Trichet appear to have misjudged the severity of the downturn, and may have made a serious error by raising interest rates a quarter point to 4.25pc last month.

By then it was already clear that property markets were slumping across much of the region. “What is shocking is the speed of the collapse in Germany,” said Albert Edwards, global strategist at Société Générale. “I think there has been a lot of hubris at the ECB. They took a derisory attitude towards the US, saying the Federal Reserve was too aggressive in cutting rates. Now they are reaping the bitter reward of their policy,” he said.

Gen. Anatoly Nogovitsyn, deputy chief of the Russian general staff, made the comment to reporters on Friday.

Nogovitsyn was quoted by the Interfax news agency as saying Poland was risking attack by agreeing to the deal.

“Poland, by deploying [the system] is exposing itself to a strike —100 per cent,” he said.

It is the strongest language so far from Russian officials in reaction to plans to install a missile defence battery in a former Soviet satellite nation.

Poland and the U.S. reached the agreement Thursday to base American missile interceptors in Poland in exchange for augmenting Polish forces with U.S. Patriot missiles.

The agreement comes in the wake of increasing tensions involving Russia and its former satellite states. Poland and other republics in eastern Europe have been unsettled by Russia’s recent military incursion into Georgia.

The White House said the system, which is not yet running, is needed to protect the U.S. and Europe from possible attacks by missile-armed “rogue states” like Iran. But the Kremlin is convinced it is aimed at Russia’s missile force.

Referring to the “mutual commitment” part of the agreement, Poland’s Prime Minister Donald Tusk said that NATO would be too slow in coming to Poland’s defence if Poland were threatened, and that the bloc would take “days, weeks to start that machinery.”

Could these by any chance be the leaders of the same governments that in 2003 invaded and occupied – along with Georgia, as luck would have it – the sovereign state of Iraq on a false pretext at the cost of hundreds of thousands of lives? Or even the two governments that blocked a ceasefire in the summer of 2006 as Israel pulverised Lebanon’s infrastructure and killed more than a thousand civilians in retaliation for the capture or killing of five soldiers?

You’d be hard put to recall after all the fury over Russian aggression that it was actually Georgia that began the war last Thursday with an all-out attack on South Ossetia to “restore constitutional order” – in other words, rule over an area it has never controlled since the collapse of the Soviet Union. Nor, amid the outrage at Russian bombardments, have there been much more than the briefest references to the atrocities committed by Georgian forces against citizens it claims as its own in South Ossetia’s capital Tskhinvali. Several hundred civilians were killed there by Georgian troops last week, along with Russian soldiers operating under a 1990s peace agreement: “I saw a Georgian soldier throw a grenade into a basement full of women and children,” one Tskhinvali resident, Saramat Tskhovredov, told reporters on Tuesday.

Might it be because Georgia is what Jim Murphy, Britain’s minister for Europe, called a “small beautiful democracy”. Well it’s certainly small and beautiful, but both the current president, Mikheil Saakashvili, and his predecessor came to power in western-backed coups, the most recent prettified as a “Rose revolution”. Saakashvili was then initially rubber-stamped into office with 96% of the vote before establishing what the International Crisis Group recently described as an “increasingly authoritarian” government, violently cracking down on opposition dissent and independent media last November. “Democratic” simply seems to mean “pro-western” in these cases.

The long-running dispute over South Ossetia – as well as Abkhazia, the other contested region of Georgia – is the inevitable consequence of the breakup of the Soviet Union. As in the case of Yugoslavia, minorities who were happy enough to live on either side of an internal boundary that made little difference to their lives feel quite differently when they find themselves on the wrong side of an international state border.

Such problems would be hard enough to settle through negotiation in any circumstances. But add in the tireless US promotion of Georgia as a pro-western, anti-Russian forward base in the region, its efforts to bring Georgia into Nato, the routing of a key Caspian oil pipeline through its territory aimed at weakening Russia’s control of energy supplies, and the US-sponsored recognition of the independence of Kosovo – whose status Russia had explicitly linked to that of South Ossetia and Abkhazia – and conflict was only a matter of time.

The CIA has in fact been closely involved in Georgia since the Soviet collapse. But under the Bush administration, Georgia has become a fully fledged US satellite. Georgia’s forces are armed and trained by the US and Israel. It has the third-largest military contingent in Iraq – hence the US need to airlift 800 of them back to fight the Russians at the weekend. Saakashvili’s links with the neoconservatives in Washington are particularly close: the lobbying firm headed by US Republican candidate John McCain’s top foreign policy adviser, Randy Scheunemann, has been paid nearly $900,000 by the Georgian government since 2004.

But underlying the conflict of the past week has also been the Bush administration’s wider, explicit determination to enforce US global hegemony and prevent any regional challenge, particularly from a resurgent Russia. That aim was first spelled out when Cheney was defence secretary under Bush’s father, but its full impact has only been felt as Russia has begun to recover from the disintegration of the 1990s.

Over the past decade, Nato’s relentless eastward expansion has brought the western military alliance hard up against Russia’s borders and deep into former Soviet territory. American military bases have spread across eastern Europe and central Asia, as the US has helped install one anti-Russian client government after another through a series of colour-coded revolutions. Now the Bush administration is preparing to site a missile defence system in eastern Europe transparently targeted at Russia.

By any sensible reckoning, this is not a story of Russian aggression, but of US imperial expansion and ever tighter encirclement of Russia by a potentially hostile power. That a stronger Russia has now used the South Ossetian imbroglio to put a check on that expansion should hardly come as a surprise. What is harder to work out is why Saakashvili launched last week’s attack and whether he was given any encouragement by his friends in Washington.

The inverted metamorphic triple-junction solar cell was designed, fabricated and independently measured at NREL. The 40.8 percent efficiency was measured under concentrated light of 326 suns. One sun is about the amount of light that typically hits Earth on a sunny day. The new cell is a natural candidate for the space satellite market and for terrestrial concentrated photovoltaic arrays, which use lenses or mirrors to focus sunlight onto the solar cells.

The new solar cell differs significantly from the previous record holder – also based on a NREL design. Instead of using a germanium wafer as the bottom junction of the device, the new design uses compositions of gallium indium phosphide and gallium indium arsenide to split the solar spectrum into three equal parts that are absorbed by each of the cell’s three junctions for higher potential efficiencies. This is accomplished by growing the solar cell on a gallium arsenide wafer, flipping it over, then removing the wafer. The resulting device is extremely thin and light and represents a new class of solar cells with advantages in performance, design, operation and cost.

NREL’s Mark Wanlass invented the original inverted cell, which recently won a R&D 100 award. His design was modified by a team led by John Geisz that further optimized the junction energies by making the middle junction metamorphic as well as the bottom junction. Metamorphic junctions are lattice mismatched – their atoms don’t line up. The material properties of the mismatched semiconductors allows for greater potential conversion of sunlight.