Sunday, March 30, 2008

Weeks ending 29 March 2008

News from 16/03/08 to 29/03/08

Pentagon: Inventory ordered of all U.S. nukes


JPMorgan to Buy Bear for $2 a Share
JPMorgan's acquisition of Bear Stearns represents roughly 1 percent of what the investment bank was worth just 16 days ago. It marked a 93.3 percent discount to Bear Stearns' market capitalization as of Friday, and roughly a 98.8 percent discount to its book value as of Feb. 29.

Fed acts Sunday to prevent global bank run Monday
Acting quickly to prevent a run on major global financial firms, the Federal Reserve cut its discount rate by a quarter percentage point to 3.25% and offered to lend money to a longer list of firms than ever before.

Greenspan: Economy worst since WWII
[What this article does not mention is the fact that it is former Federal Reserve chairman Alan Greenspan's policies were the cause of many of the current problems...]


Home equity slips below 50%
Federal Reserve says homeowners' debt on their houses exceeds their equity for the first time since 1945.

Slavery's staying power
...estimates from United Nations and other international researchers range from 12 million to 27 million slaves worldwide. The U.S. State Department estimates that from 600,000 to 800,000 people -- primarily women and children -- are trafficked across national borders each year, and that doesn't count the millions of slaves who are held in bondage within their own countries.

Cairo grappling with bread crisis


"There is No Way for NATO to Win This War"

Afghanistan: A River Running Backward


Water will be source of war unless world acts now, warns minister
His department warned that two-thirds of the world's population will live in water-stressed countries by 2025.

Russia may bring its troops to Kosovo to protect Serbs

Saturday, March 15, 2008

Week ending 15 March 2008

News from 09/03/08 to 15/03/08

Billions at risk from wheat super-blight


US Fed releases $200bn as credit crisis hits new depths


TIPS' Yields Show Fed Has Lost Control of Inflation
The yield on the five-year Treasury Inflation-Protected Security due in 2012 has been negative since Feb. 29, and traded today at minus 0.17 percent. The notes, which were first sold in 1997, have never before traded below zero.

Derivatives the new 'ticking bomb'


China asks armed forces to be 'combat ready'
"Preparations for military struggle shall be continued, which is now the most important, practical and imperative task", Jing Zhiyuan, commander of the Second Artillery Force of the PLA, said.

The remarks of Jin and other PLA members of Chinas parliament, National Peoples Congress, came at the ongoing NPC session just two days after China announced a steep 17.6 per cent hike in its defence budget for 2008 and issued a stern warning to Taiwan that it would pay a "dear price" for its "secessionist activities".

Russian-bomber flights alarm NORAD


Rising metal costs may see Aussie coins change
This year the metal value of the 5c, 10c and 20c coins will overtake their face value for the first time, News Ltd reported today.

Afghan violence at highest level since US invasion

Saturday, March 8, 2008

Week ending 8 March

News from 28/02/08 to 08/03/08


Threat of war as Venezuela and Ecuador order troops to Colombian border


Homeowner equity is lowest since 1945


Up to 70% of US aid to Pakistan 'misspent'
Since 2002, the US has paid the operating costs of Pakistan's military operations in the tribal belt along the Afghan border, where Taliban and al-Qaida fighters are sheltering.

Record-high ratio of Americans in prison
Using state-by-state data, the report says 2,319,258 Americans were in jail or prison at the start of 2008 — one out of every 99.1 adults. Whether per capita or in raw numbers, it's more than any other nation.

Zimbabwea bans 'unlawful hoarding'
Zimbabwean President Robert Mugabe's government has made it illegal to possess more than Zim$500m in cash, it emerged Monday -the equivalent of 21 US dollars.

North American Natural Gas Production and EROI Decline


[Australian] Exports tipped to surge 30%


Tons of food aid rotting in Haiti ports


Beijing says snow storms destroy one tenth of China's forests