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June 05, 2008 |
Americans $1.7 trillion poorer
CNNMoney
Americans saw their net worth decline by $1.7 trillion in the first quarter - the biggest drop since 2002 - as declines in home values and the stock market ravaged their holdings. |
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June 05, 2008 |
Water crisis to be biggest world risk
Telegraph (UK)
A catastrophic water shortage could prove an even bigger threat to mankind this century than soaring food prices and the relentless exhaustion of energy reserves, according to a panel of global experts at the Goldman Sachs "Top Five Risks" conference. |
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June 04, 2008 |
Global economic outlook slashed
CNNMoney
The Organization for Economic Cooperation and Development foresees several quarters of weak growth for most of its 30 members, which include the U.S., Japan, and several European countries, and cut its economic growth outlook through next year on Wednesday. |
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June 04, 2008 |
CEO declares 'depression' in housing
CNNMoney
The chief executive of Toll Brothers Inc., the nation's largest luxury-home builder, said Wednesday the housing industry is in a "depression" and any recovery could be two or three years away. |
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June 04, 2008 |
Shari'a-Compliant Finance Becoming Viable Part Of Global Banking
RadioFreeEurope
The rise in the price of oil in recent years has meant a windfall of revenue for the oil-rich Middle East. This infusion of petrodollars has led some of the world's wealthiest Muslims to search for new ways to manage their wealth, investment opportunities that are consistent with the teachings of the Koran. |
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June 03, 2008 |
Global trade talks at risk of failing before deadline
Int'l Herald Tribune
The halt in discussions to reduce industrial tariffs could block a crucial stage of negotiations with a goal of striking an agreement between opening markets in agriculture and in manufactured products. |
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May 31, 2008 |
US threat: China's cyber-militia
Miscellaneous
Computer hackers in China, including those working on behalf of the Chinese government and military, have penetrated deeply into the information systems of U.S. companies and government agencies, stolen proprietary information from American executives in advance of their business meetings in China, and, in a few cases, gained access to electric power plants in the United States, possibly triggering two recent and widespread blackouts in Florida and the Northeast, according to U.S. government officials and computer-security experts. |
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May 30, 2008 |
U.S. faces criticism over biofuel policy
Int'l Herald Tribune
The United States is preparing to walk into a buzz saw of criticism over its biofuels policy during a meeting of world leaders to discuss the global food crisis in the coming week. |
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May 28, 2008 |
'North American Parliament' under way
Worldnet Daily
A group supporting North American integration is holding its fourth annual "North American Model Parliament" for 100 university students from the U.S., Canada and Mexico. |
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May 27, 2008 |
Oil crisis triggers fevered scramble for the world's seabed
Telegraph (UK)
A fevered scramble for control of the world's seabed is going on - mostly in secret - at a little known office of the United Nations in New York. |
