Daily Archives

Banks make record deposits in ECB safe haven amid fears of a ‘domino effect’ collapse of financial institutions

Daily Mail – Desperate banks have stashed record amounts of cash in the European Central Bank amid fears they could be hit by a Eurozone breakup. Institutions across Europe ploughed 412billion euros into the deposit facility which is seen as a safe heaven during economic turmoil. The ECB gives a paltry interest rate of just 0.25 per cent – meaning that many banks are making a loss on their cash. It is a further sign of the anxiety in the financial system, coming just days after 520 banks borrowed 489billion euros from the ECB. The three-year loans were aimed to reduce fears over the banks access to capital during the crisis. Read Article

Bosnia government formed after 14 months

Independant – After more than a year of negotiations, political parties in Bosnia have agreed on the formation of a government. For 14 months, election winners had quarrelled over who would run which ministry, but agreement was reached because the lack of a budget could have brought state institutions to a halt in 2012. Read article

The Impact of Human Activities On a Selection of Lakes in Tanzania

ScienceDaily — An increase in human activity is posing a threat to natural aquatic ecosystems in Tanzania and contributing to environmental damage and ecological changes. Doctoral research carried out by Hezron Emmanuel Nonga shows that agriculture and livestock farming leads to eutrophication in lakes and the proliferation of cyanobacteria which produce microcystins. New information about microcystins and other mycotoxins in Tanzanian lakes is useful for appraising the risk linked to drinking water and edible fish, which in turn affects the health of both humans and animals. Read article

Regime forces attack Bahraini mourners

Press TV – Bahraini regime forces have attacked a gathering of mourners who were commemorating a teenager killed during an anti-government demonstration in November, Press TV reports. Saudi-backed Bahraini forces fired stun grenades and tear gas to disperse mourners in Juffair village, near the capital Manama, on Wednesday evening. On November 19, 16-year-old Ali al-Badah died after he was run over by a police vehicle during an anti-regime protest in Juffair. Regime forces continue their crackdown on peaceful protests across the country. Read Article

Strait of Hormuz standoff: Iran films US aircraft carrier

Telegraph – Iran claimed to have taken surveillance footage of a US aircraft carrier near the Strait of Hormuz as both countries raised the stakes in their standoff over the key oil route. The commander of Iran’s navy said the reconnaissance mission was proof that his fleet had “control over the moves by foreign forces” but it was unclear what intelligence could be derived from the grainy video, which was played triumphantly on state television. Read Article

Cincinatti city: Wettest Year On Record Brings No Major Flooding

WLWT — The Cincinnati area experienced the wettest year on record, yet no substantial flooding was reported. The annual rainfall record was crushed in 2011 by more than 15 inches, at 71.7 inches, and was the wettest city among the nation’s 100 largest. Typically, cities across the south, such as New Orleans, Miami and Birmingham, see more rain than Cincinnati. New York City, Newark, N.J., and Hartford, Conn., were helped out this year by the 59 inches they got from Hurricane Irene, but still finished behind the Queen City. Read article

2011 – 2nd wettest year on record for Chicago

Naperville Sun – Chicago experienced a record-setting blizzard this year, a snowless Christmas and now, it’s broken the record for precipitation — eclipsing 1983 as the second wettest year on record. As of 5 a.m. Tuesday, Chicago stood at 49.41 inches of precipitation with the 0.06 that fell since midnight, the National Weather Service said. Read article

Fed Secretly Bailing Out Europe

Hosni Mubarak trial resumes after lawyers fail to have judges removed

Guardian – The former Egyptian president was flown by helicopter to the court on Wednesday from a military hospital where he is being treated for a heart condition, and was carried into court on a stretcher, dressed in a black tracksuit and covered by a green blanket. As in thethe previous four hearings, he faced the court from a metal cage. Read article

Welcome to the United Food Stamps of America and the 2nd Great Deppression

Russia test-fires two nuclear missiles

Times of India – The Russian military has successfully test-launched two intercontinental nuclear-capable missiles, the defence ministry said. The Bulava missiles were fired from a submarine in the White Sea on Russia’s northwest coast and the test “went as planned,” Lieutenant Colonel Igor Konashenkov told Russian news agency Ria Novosti. Read Article

Monitors and unrest in Syria

Guantanamo to reduce inmate rights

AP — The commander of the Guantanamo Bay prison has signed an order that would require a security review of legal mail to prisoners facing war crimes charges, a spokeswoman said Wednesday, rejecting arguments the new rule would violate attorney-client privilege and undermine long-delayed tribunals for five men charged in the Sept. 11 attacks. Rear Adm. David Woods considered the arguments of defense lawyers and made some modifications, said Navy Cmdr. Tamsen Reese, a spokeswoman for the detention center on the U.S. base in Cuba. Critics said the changes were minor and did not address the central complaints. Woods retained a provision that would require the creation of a “privilege team,” which would include law enforcement or intelligence officials as well as Defense Department attorneys, to review legal communications between lawyers and their clients, according to a copy of the order obtained by The Associated Press. Read Article

China outshines US as top IPO venue

Financial Times – China has again outshone the US as the top venue for initial public offerings despite steep share price falls on the mainland and Hong Kong stock markets, highlighting the shift in global financial activity from west to east. Companies raised $73bn from IPOs in Shanghai, Shenzhen and Hong Kong this year, according to Dealogic – almost double the amount of money raised on the New York Stock Exchange and Nasdaq combined. Read Article

Daily News Archive In Focus – Education (380 articles)

A right to education has been created and recognized by the European Convention on Human Rights and, at the global level, the United Nations’ International Covenant on Economic, Social and Cultural Rights guarantees this right. Despite this edict, education in its broadest, is still not consistently mapped out or provided in even the most developed of nations. For a comprehensive view of world news about Education; its institutions, policies and methodologies read our news archive of 380 articles. CLICK HERE

Editorial – The Dog Whistle: Targeting Whistle-blowers Thus Silencing Opposition

In our latest editorial we examine how by targeting just a few individuals, power elites can send out a message that only a few will recognise the true meaning of. Opposition to the status quo can be easily snuffed out, as once an example has been made of the brave few, no-one else will be prepared to speak out. CLICK HERE TO READ

Climate Fact Of The Day – Are Sea Cucumbers Dissolving coral reefs?

Carnegie Institute – Coral reefs are extremely diverse ecosystems that support enormous biodiversity. But they are at risk. Carbon dioxide emissions are acidifying the ocean, threatening reefs and other marine organisms. New research led by Carnegie’s Kenneth Schneider analyzed the role of sea cucumbers in portions of the Great Barrier Reef and determined that their dietary process of dissolving calcium carbonate (CaCO3) from the surrounding reef accounts for about half of at the total nighttime dissolution for the reef. The work is published December 23 by the Journal of Geophysical Research. Reefs are formed through the biological deposition of calcium carbonate (CaCO3). Many of the marine organisms living on and around a reef contribute to either its destruction or construction. Therefore it is crucial that the amount of calcium carbonate remain in balance. When this delicate balance is disrupted, the reef ceases to grow and its foundations can be weakened. In order to fully understand a reef’s ability to deposit carbonate and grow, it is necessary to understand the roles that the various elements of sea life play in this process. This is especially important because increased atmospheric carbon dioxide is predicted to decrease the amount of carbonate available due to acidification. Read Article

Australian Freedom of Information fees to soar if bureaucrats get their way

The Australian – LABOR may have honoured its commitment to reform Freedom of Information laws, making it easier and cheaper to obtain official documents, but key federal departments now want applicants to pay more for the privilege. The Office of the Australian Information Commissioner, which is reviewing FOI fees and charges a year after the reforms were implemented, is under pressure to recommend the cost to applicants increase threefold. The FOI reforms acknowledged government information was a national resource and, along with a series of legislative and administrative changes, abolished application fees and provided five hours’ free processing. But that has contributed to an increase in applications and departments have complained they are being short-changed, given FOI fees and charges have not been increased since 1986. Read Article

Feds: Seattle police show ‘pattern of excessive force’

Seattle PI – Eleven months after pledging to “take a very deep dive” into allegations against the Seattle Police Department, U.S. Attorney Jenny Durkan has released a highly critical report of a Department of Justice investigation into police brutality in Seattle. The report said police have engaged in a pattern of unnecessary or excessive force that amounts to a violation of constitutional rights. But the Justice Department did not find a pattern of discrimination against minorities. Read Article

World hunger reaches one billion

Voice Of America – The Worldwatch Institute said in 2011 far too many people were living with less than they needed. It says, for example, nearly one billion people were hungry and just as many were illiterate. De Capua report on Worldwatch Institute. Worldwatch Institute’s Danielle Nierenberg said while a billion people went to bed hungry each night, it wasn’t because of a lack of available food. “We produce more than enough food in the world to not only feed the 7 billion people who are on earth today, but 9 to 11 billion people. By 2050, we expect the population to be about 9 and a half billion people and we currently produce enough food to feed all of those people. But the question is really one of how do we get food to the people who need it the most. Poverty really impedes the progress of allowing people to eat well. Not just getting enough staple crops, but being able to buy fruits and vegetables and the things that will really nourish them,” she said. Read Article

Letting babies ‘cry it out’ may be dangerous for their health

Digital Journal – A psychologist has said that new developments in neuroscience show that letting babies “cry it out” is dangerous for their longterm health. Caregivers who respond promptly to a baby’s need are more likely to have children who are independent.
Read article

China Clamps Down on Gold Trading Frenzy

CNBC – Gold exchanges in China outside of two in Shanghai are to be banned, authorities said in a statement released on Tuesday. Gold exchanges have mushroomed across China, from the northern port city of Tianjin to Guangxi bordering Vietnam, as spot prices in the precious metal have soared to record highs and speculation has boomed. Read Article

Euro sinks as Italian bond auction misses target

The Guardian – The euro sank to a 15-month low against the dollar on Thursday as the European Central Bank (ECB) reportedly stepped in to prop up Italian bonds following an auction that revived fears Italy may be unable to refinance its huge €1.9 trillion (£1.5tn) borrowings. In Rome, Italy’s prime minister, Mario Monti, used a traditional end of year press conference to call for “significantly greater” resources to be committed to the eurozone’s bailout fund. Buoyed by US jobless data, share prices nevertheless rose on both sides of the Atlantic. The auction in Italy divided analysts. It saw the yields on bonds with maturities ranging from three- to 10-years all fall below last month’s record highs. But the average return demanded for the 10-year bonds, at 6.979%, was still within a whisker of the 7% level that has triggered bailouts elsewhere in the eurozone. And overall the offer was undersubscribed. Read Article

US protesters to ‘occupy’ campaigns

PressTV – The Occupy Wall Street protesters in the US state of Iowa said on Tuesday that they would interrupt candidates at events and camp out at their Iowa campaign offices, saying they want to change the political dialogue. Read article