Karl Marx was right that globalization, financial intermediation, and income redistribution could lead capitalism to self-destruct. By Nouriel Roubini15 August 2011 NEW YORK—The massive volatility and sharp equity-price correction now hitting global financial markets signal that most advanced economies are on the brink of a double-dip recession. A financial and economic crisis caused by too […]
By arevamirpal::laprimavera16 August 2011 China sent a survey ship and took seawater samples off the coast of Fukushima back in June and July. The State Oceanic Administration now says the contamination of the Pacific Ocean may extend as far as 800 kilometers (497 miles) off the coast of Fukushima, as reported by the Science and […]
The ivory trade has doubled in Guangzhou and Fuzhou, a study has found, adding to fears for Africa’s elephant and rhino populations By Greg Neale and James Burton, The Observer14 August 2011 Elephant poaching in Africa and Asia is being fuelled by China’s economic boom, according to a study of the ivory trade. Authors of […]
By Nouriel Roubini7 August 2011 The first half of 2011 showed a slowdown of growth – if not outright contraction – in most advanced economies. Optimists said this was a temporary soft patch. This delusion has been dashed. Even before last week’s panic, the US and other advanced economies were odds-on for a second […]
Analysis by Lester R. Brown* WASHINGTON, Jul 20, 2011 (IPS) – Many countries are facing dangerous water shortages. As world demand for food has soared, millions of farmers have drilled too many irrigation wells in efforts to expand their harvests. As a result, water tables are falling and wells are going dry in some 20 […]
By John Platt30 July 2011 Add another species to the long list of plants and animals being eaten out of existence so men can try to get it up in the bedroom. This time, instead of medically useless tiger penises or sea turtle eggs, it’s an African plant called White’s ginger (Mondia whitei), often wrongly […]
Almost 200 square miles (500 square kilometers) of the Yellow Sea off China are covered by a massive bloom of green algae, according to a report from China’s Xinhua news service. The bloom has spread to almost 7,400 square miles (19,050 square kilometers) in total and is expected to grow, Xinhua reported, citing the North […]
By Neil MacFARQUHAR20 July 2011 UNITED NATIONS — The persistent inability of the United Nations to forge international consensus on climate change issues was on display Wednesday, as Security Council members disagreed over whether they should address possible instability provoked by problems like rising sea levels or competition over water resources. Western powers like the […]
You may recall the Business Insider scoop from December 2010, And Now Presenting: Amazing Satellite Images Of The Ghost Cities Of China. Here’s their follow-up gallery, with more beautiful imagery of doomed architecture viewed from space. By Gus Lubin16 June 2011 China plans to build 20 cities a year for the next 20 years. […]
Berlin, June 21, 2011 (AFP) – Munich Re stated that deadly weather catastrophes in China had soared around four-fold in the last 30 years, costing its economy billions. Munich Re said in a report that the number of annual disasters including violent storms, floods, extreme temperatures, droughts and forest fires had risen to about 48 […]
