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People power: activism makes good - Many of 2011′s most dramatic stories on environmental issues came from people taking to the streets. Running out of time on climate change - When our children look back on this decade they will likely seek to answer only one question: what was done to stem rising temperatures on Earth? Two steps forward, one back in Indonesia on forests - Indonesia finally passed its much heralded moratorium on new [...] Earthquake prediction can be a grave, and faulty science, and in the case of Italian seismologists who are being tried for the manslaughter of the people who died in the 2009 L’Aquila quake, it can have legal consequences. The group of seven, including six seismologists and a government official, reportedly didn’t alert the public ahead of time of the risk of the L’Aquila earthquake, which occurred [...] An artist’s rendering shows a view of an underground shelter of Vivos Group’s Upper Dome Level Plan. Source: Terravivos.com via Bloomberg The construction site of a nuclear bomb shelter built by Northwest Shelter Systems . Source: Northwest Shelter Systems via Bloomberg Terrorism can be good for bunker builders. An apocalypse can be even better for business. Danila Andreyev started building “panic rooms” three years ago, when fears of terrorist [...] With fresh red ink at Delta and US Airways, the five biggest U.S. airlines showed a combined loss of more than $1 billion for the first quarter. Soaring jet fuel prices are the big culprit. The total loss was only about $100 million larger than a year ago, even though jet fuel spending jumped by 28 percent, nearly $1.9 billion. Airlines were able to narrow the difference [...] The scale of Japan’s March 11 earthquake and tsunami wasn’t the only thing that surprised geologists. The 9.0 earthquake in Japan — the fourth most powerful quake ever recorded — also caused an unusually severe and widespread shift in soil through liquefaction, a new study suggests. Near coastlines, harbors and rivers, earthquakes can make the wet, sandy soil jiggle, turning it temporarily from a solid to a liquid state, a [...] Per CNBC: This change in the Fed’s communication with the markets alone is enough to give investors the jitters, but the nervousness is compounded by the anticipation of a signal by the Fed chief as to whether the quantitative easing that has fueled this bull market will continue past its stated end date in June. “I think Bernanke wants to continue to ‘QE3,’ but the rest of [...] (Kitco News) – With the recent earthquake in Japan and the civil war in Libya, many investors expected gold to soar easily to $1,500. Experts said, however, that gold does not necessarily rise during wars or crises; it all depends on a series of factors including the economic context of the time. “The generalization is, there is no generalization. When there is a catastrophe – people [...] Per Reuters: Wal-Mart Stores Inc (WMT.N) will re-open 12 of its Seiyu stores in Japan which were affected by the earthquake, and is hoping to open the remaining 12 impacted stores as soon as possible, a spokesman for the U.S.-based retailer said. Wal-Mart has 371 stores and 43 deli outlets in Japan, of which 24 were affected by the March 11 earthquake and tsunami that left more than 27,000 people dead or [...] By Jonathan Welsh General Motors Co. General Motors Co. says it suspended production at its Shreveport, La., plant for the week of March 21 because of a parts shortage stemming from last week’s earthquake in Japan. Damage to parts suppliers and transportation networks in Japan have brought that country’s auto industry to a halt. GM, which builds Chevrolet Colorado and GMC Canyon pickup trucks at the plant, says it currently has enough of the vehicles [...]
WASHINGTON (AP) — Wholesale prices jumped last month by the most in nearly two years due to higher energy costs and the steepest rise in food prices in 36 years. Excluding those volatile categories, inflation was tame. The Labor Department said Wednesday that the Producer Price Index rose a seasonally adjusted 1.6 percent in February — double the 0.8 percent rise in the previous month. Outside [...] TOKYO, March 15, Kyodo The number of those confirmed dead or who remain unaccounted for following Friday’s catastrophic earthquake in Japan has exceeded 6,000, a police tally showed Tuesday. The National Police Agency said 2,475 people were confirmed dead while 3,611 were missing as of noon, but many unidentified bodies have been detected in quake-hit coastal areas, inevitably raising the death toll. The agency has identified 1,060 bodies [...] |
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