Daily Archives

Cyprus braces for possible strikes

Famagusta Gazette – The Confederation of Trade Unions in Cyprus have warned they will take strike action in response to the economic stability package unveiled by the Finance Ministry. The Secretary General of SEK said the measures were one sided and stressed that the biggest burden will be carried by the workers, especially those who work on a hourly basis. Read Article

At least 230 die of heat stress in Myanmar

Xinhua- At least 230 people have died of heat stress in Myanmar’s second largest city of Mandalay up to the weekend, the local 7-Day News quoted Mandalay municipal authorities as reporting Wednesday. Mandalay’s weather temperature was recorded at as high as 45 degree Celsius. Among the dead, most were liquor drinkers, the report said, adding that the Mandalay local authorities have banned selling of liquor in the city.
The red-hot temperature has brought many patients of all ages to the Mandalay General Hospital and private clinics -Read Article

UK Mortgage lending in April slumps to lowest level for a decade

Daily Mail – Mortgage lending in April fell to the lowest level for the month for 10 years, new figures revealed today. Lending slumped to £10.2 billion during the month, 12 per cent down on March’s figure and the lowest level recorded for April since 2000, according to the Council of Mortgage Lenders. The group said it had expected a slight seasonal decline during the month due to Easter falling in April this year. Read Article

Scientists accuse Obama over oil spill:Expert claims NOAA is guilty of a ‘catastrophic failure’

NY Times-Tensions between the Obama administration and the scientific community over the gulf oil spill are escalating, with prominent oceanographers accusing the government of failing to conduct an adequate scientific analysis of the damage and of allowing BP to obscure the spill’s true scope. The scientists assert that the National Oceanic and Atmospheric Administration and other agencies have been slow to investigate the magnitude of the spill and the damage it is causing in the deep ocean -Read Article

UK Osborne ‘has one hell of a job’ to control public finances as borrowing hits record £10bn

Daily Mail – The scale of the task confronting new Chancellor George Osborne was further underlined today after public borrowing ballooned to a record £10 billion in April. The figure will increase pressure on Mr Osborne to immediately begin slashing public debt and mend Britain’s ‘horrible’ public finances. The rise – up from £8.8 billion a year earlier – was not quite as bad as the £10.9 billion feared by the City. Read Article

Europe markets down on debt fears

BBC – European markets have lost ground on fears that the region’s debt crisis could spread around the world. Germany’s Dax share index lost 1% in the first hour of trading, while London and Paris markets were down 0.7%. Earlier, Japan’s Nikkei index fell by 2.5%, while markets in Singapore, Taiwan and Australia also retreated. Read Article

Eye-test hope to detect Alzheimer’s years before symptoms show

Daily Mail – An eye test that can detect Alzheimer’s years before any symptoms show is being developed by scientists. It follows the discovery that a toxic protein that builds up in the brains of dementia patients – triggering loss of memory and confusion – also accumulates in their eyes. Although the test is several years away, it could eventually allow doctors to give drugs that slow down the onset of the disease. Read Article

Geneticist discusses synthetic life breakthrough: Is this the beginning of a new industrial revolution?

Genetic entrepreneur Craig Venter and his team of researchers have created new life by developing the first synthetic living cell. 

Abdominal Fat at Middle Age Associated With Greater Risk of Dementia: Obesity Linked to Lower Total Brain Volume

ScienceDaily “” Researchers from Boston University School of Medicine determined that excess abdominal fat places otherwise healthy, middle-aged people at risk for dementia later in life. Preliminary findings suggest a relationship between obesity and dementia that could lead to promising prevention strategies in the future. Read Article

Congressman: 5000 Barrel Per Day Oil Leak Estimate ‘Dead Wrong’

A live video feed that shows the oil gushing from the blown-out well in the Gulf of Mexico is now available online – Watch Here

UK $200m ‘behaviour detection’ officers fail to spot a single terrorist at airports

Telegraph – The specially-trained officers patrol terminals monitoring passengers for suspicious body language and facial expressions. Since 2006, the officers have been stationed at more than 160 airports across the US in order to provide a hidden measure of security. Read Article

Thousands of Mohammed images uploaded on Facebook

Daily Telegraph – Thousands of provocative images of the Prophet Mohammed have been uploaded to the social networking site Facebook, sparking a fresh wave of outrage in Pakistan. internet regulators shut down YouTube and hundreds of other websites in protest at the online contest “Everybody Draw Mohammed Day”. Students and Islamist militants marched in their thousands through the cities of Karachi, Lahore and Islamabad. Read article

BP bows to demands from Congress and scientists for live feed of oil leak

The Guardian-One month after the fiery collapse of the Deepwater Horizon, BP bowed to demands from scientists and members of Congress yesterday and said it would post a live video feed of the gusher of oil on the ocean floor. The decision came only hours after a hearing in Congress in which BP was accused of withholding data from the ocean floor, and blocking efforts by independent scientists to come up with estimates for the amount of crude spewing into the Gulf each day -Read Article

Torture claims investigation ordered by UK Foreign Secretary

Guardian – A judge will investigate claims that British intelligence agencies were complicit in the torture of terror suspects, William Hague, the foreign secretary, said tonight. The move was welcomed by civil liberties campaigners and may put pressure on the Labour leadership candidate and former foreign secretary David Miliband, who was accused by Hague, while in opposition, of having something to hide. Read Article

Final vote on Wall St. reform bill seen in Senate

Reuters – The Senate will pass a sweeping reform of financial regulation on Thursday night, said an aide to Senate Democratic Leader Harry Reid, capping months of wrangling over the biggest overhaul of financial rules since the 1930s. Read Article

Germany Announces Ban on Naked Short-Selling

Newsy – Germany has banned speculative buying against government bonds, called “naked short selling.” Will it calm jittery markets and reform bad investment banking practices, or is it misguided?

Multisource political news, world news, and entertainment news analysis by Newsy.com

Biodiesel from Sewage Sludge Within Pennies a Gallon of Being Competitive

ScienceDaily “” Existing technology can produce biodiesel fuel from municipal sewage sludge that is within a few cents a gallon of being competitive with conventional diesel refined from petroleum, according to an article in ACS’ Energy & Fuels. Sludge is the solid material left behind from the treatment of sewage at wastewater treatment plants. David M. Kargbo points out in the article that demand for biodiesel has led to the search for cost-effective biodiesel feedstocks -Read Article

‘Artificial life’ breakthrough announced by scientists

BBC – Scientists in the US have succeeded in developing the first synthetic living cell. The researchers constructed a bacterium’s “genetic software” and transplanted it into a host cell. The resulting microbe then looked and behaved like the species “dictated” by the synthetic DNA. Read Article

Chinese version of Russian jet endangers bilateral relations

RT – Despite holding the position as one of the world’s biggest economies, China seems unwilling to shed its reputation for producing cheap replicas. And one of their more ambitious copycat efforts may put a strain on Russia-China relations. Read article

Gulf of Mexico oil spill won’t stop Shell drilling in Alaska

The Telegraph-Royal Dutch Shell intends to push on with its plans for deepwater drilling off the coast of Alaska this summer, despite political hostility caused by BP’s catastrophic spill in US waters. President Barack Obama has requested extra safety assurances about Shell’s plans and halted new exploration in some areas, after the explosion at BP’s well in the Gulf of Mexico three weeks ago. But Shell yesterday told investors at its annual meeting in the Hague that it plans to press ahead -Read article

US markets plummet amid eurozone debt crisis fears

BBC – US stocks have plummeted amid fears of contagion from the eurozone debt crisis and a pending vote on overhauling financial regulation. The Benchmark Dow Jones industrial average fell by 376 points – its largest one-day drop since February 2009. Read Article

Australian Dollar Hits Eight-Month Low

Wall Street Journal – Massive currency positions that bet on global growth came undone Thursday, sinking the Australian dollar to an eight-month low, and reflecting concerns that global growth is more fragile than previously thought. At its lowest Thursday, the Australian dollar was down more than 2.5% against the U.S. dollar and is now down a swift 11% since May 3. Read Article

BP accused of cover-up

Reuters”“ The U.S. government Thursday accused energy giant BP of falling short in the information it has provided about the Gulf of Mexico oil spill, in a clear sign of Washington’s growing frustration with BP’s handling of the spiraling environmental disaster. “In responding to this oil spill, it is critical that all actions be conducted in a transparent manner, with all data and information related to the spill readily available to the United States government and the American people,” -Read Article

Rigi: US, Israel paid for assassination

Press TV – Captured Jundallah leader Abdolmalek Rigi has said that while in Morocco, suspected Israeli or US agents had given him a list of people to assassinate in Tehran. In a recent interview, Rigi told Press TV that before his arrest Jundallah had held a series of meetings in Casablanca with a group who had claimed to be NATO contacts. Read article

Kevin Rudd tax threatens WA’s boom

The Australian – West Australian Treasury officials have warned that the Rudd government’s planned 40 per cent tax on mining profits would have a “significant negative impact” on the state’s economy, contradicting federal Treasury chief Ken Henry’s claim that it would boost investment. The warning came as Premier Colin Barnett unveiled a better than expected $286 million budget surplus for 2010-11, fuelled by a forecast $1 billion rise in mining royalties amid a surge in iron ore prices. Read Article