By Ben Moshinsky and Jim Brunsden18 November 2012 (Bloomberg) – The shadow banking industry has grown to about $67 trillion, $6 trillion bigger than previously thought, leading global regulators to seek more oversight of financial transactions that fall outside traditional oversight. The size of the shadow banking system, which includes the activities of money market […]
By Sonya Dowsett15 November 2012 MADRID (Reuters) – Spain approved measures on Thursday to help the most needy families facing eviction, a growing problem in the recession-bound nation highlighted last week by the suicide of a woman whose home bailiffs came to seize. The government said it would suspend evictions for two years for vulnerable […]
By SUZANNE DALEY11 November 2012 SEVILLE, Spain – The first night after Francisco Rodríguez Flores, 71, and his wife, Ana López Corral, 67, were evicted from their small apartment here after falling behind on their mortgage, they slept in the entrance hall of their building. Their daughters, both unemployed and living with them, slept in […]
By Haya El Nasser16 October 2012 (USA TODAY) – Almost a third of homeowners expect their grown children or aging parents to eventually move in with them, according to a survey by one of the nation’s largest home builders. About one in seven say they already have a “boomerang kid” – an adult child who […]
By Alister Doyle, Environment Correspondent11 October 2012 (Reuters) – Governments need to spend $80 billion a year to halt extinctions of endangered animals and plants, many times current levels and only half the amount paid to bankers in bonuses last year, a study showed. The extra spending is vital to protect natural services such as […]
By Darryl Fears7 October 2012 In the worst wildfire season on record, the U.S. Department of Agriculture Forest Service ran out of money to pay for firefighters, fire trucks and aircraft that dump retardant on monstrous flames. So officials did about the only thing they could: take money from other forest management programs. But many […]
By Kevin McCoy, USA TODAY4 October 2012 While most Americans worry about gas and heating oil prices, water rates have surged in the past dozen years, according to a USA TODAY study of 100 municipalities. Prices at least doubled in more than a quarter of the locations and even tripled in a few. Consumers could […]
BUTLER, Missouri – They have canceled vacations. Their children are forgoing out-of-state colleges for cheaper ones close to home. They are delaying doctor’s visits, selling off land handed down through generations and resisting luxuries like new smartphones. And then there is the stress — sleepless nights, grumpiness and, in one extreme case, seizures. Lost amid […]
By Glen M. MacDonald4 October 2012 It was a long hot summer. The United States experienced the warmest July in its history, with more than 3,000 heat records broken across the country. Overall, the summer was the nation’s third warmest on record and comes in a year that is turning out to be the hottest […]
BY PETER CALTHORPE SEPT/OCT 2012 (Foreign Policy) – In the last five years, China has built 20,000 miles of expressways, finishing the construction of 12 national highways a whopping 13 years ahead of schedule and at a pace four times faster than the United States built its interstate highway system. Over the last decade, Shanghai […]
