Category Archive: Economic & Social News

Attractive social and economic news

Jan 12

Why Are Investors In Like With Facebook Again?

Why Is Facebook CEO Mark Zuckerberg Smiling? Maybe because someone might be willing to pay $100 to send him a message. If you’re a casual observer of the stock market, the last time you tuned in to what was happening with Facebook’s stock was probably last May. In those days after the company’s long-anticipated initial public …

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Jan 12

Businesses Sue Government Over Birth Control Mandate

The Hobby Lobby chain of arts and crafts stores has gone to court to block a provision of the administration’s health law that requires employers’ health plans to pay for contraceptives. When Congress passed the Affordable Care Act in 2010, few would have predicted that one of the most contentious provisions would have to do …

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Jan 12

Coal Loses Crown As King Of Power Generation

Georgia Power’s coal-fired steam-turbine electric generating Plant Bowen in Euharlee, Ga., seen in 2009. The utility is planning on shuttering 15 coal- and oil-fired generating units at its facilities. Just a few years ago, Georgia Power generated nearly three-fourths of its electricity with coal. Last year, for the first time, natural gas edged out coal, …

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Jan 12

Greek parliament passes new tax increases

Austerity measures have triggered mass protests in recent months The Greek parliament has approved a series of unpopular tax rises aimed at boosting revenue in line with Athens’ commitments to international creditors. The measures, approved overnight, introduce a new top tax rate of 42% for Greeks earning more than 42,000 euros (£34,700; $56,000) a year. …

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Jan 09

New Charging Algorithm can Extend Battery Life for Electric Vehicles

new charging algorithm could extend battery life for the first all-electric, battery-powered locomotive in the US. Batteries for Norfolk Southern Railway No. 999, just like automotive batteries, are rechargeable until they eventually die. A leading cause of damage and death in lead-acid batteries is sulfation, a degradation of the battery caused by frequent charging and …

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Jan 09

Can Hugo Chavez’s New Term of Government Start without Him?

______________________________________________ Venezuela’s Chavez To Miss His Inauguration by KRISHNADEV CALAMUR President Hugo Chavez is too ill to attend his inauguration this week, the Venezuelan government announced Tuesday. In a letter to the National Assembly, Vice President Nicolas Maduro said the president’s medical team said Chavez’s recovery should be extended beyond Thursday – the day he is …

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Jan 06

Daily Natural Gas Update – 04.01.2013

In the last 6 weeks natural gas prices are down nearly $1 in the futures which would not be a big deal if we were talking about Crude oil but this actually represents greater than a 20% reduction in prices. To me this is great news because I think the deprecation represents a grand buying …

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Jan 04

Inside the West’s economic war with Iran

In his first week as U.S. president, Barack Obama told Iran’s leaders he would extend a hand if they would “unclench their fist” and persuade the West they weren’t trying to build a nuclear bomb. So far, they have not. In response, the United States and the European Union this year took a step they …

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Jan 03

The Imperial Dream of the Muslim Brotherhood

The end will justify the means to unite the Islamic peoples into a world of virtue and prosperity to where the Muslim Brotherhood says that it will bring them.  Egypt is their launching platform.  The entire Islamic world is their objective. If they were running for office in the United States or any European country …

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Jan 03

Layoffs Have Slowed, Hiring Has Picked Up, But Jobless Claims Are Higher

There were 372,000 first-time claims for unemployment insurance last week, up by 10,000 from the week before, the Employment and Training Administration says. What’s more, that previous week’s total was revised up from the previous estimate of 350,000. The relatively negative news about jobless claims means that two out of this morning’s three employment-related reporters were …

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Jan 03

Was Boehner’s Fiscal Cliff End Run Past GOP The New Normal?

By letting the House take up the Senate’s fiscal cliff-dodging legislation that raises income tax rates on the wealthiest earners, Speaker John Boehner answered affirmatively a question that had been on many minds: Would he allow an up-or-down floor vote on a bill opposed by most fellow House Republicans? Until the New Year’s Day vote, …

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Jan 03

Argentina presses claim to Falkland Islands, accusing UK of colonialism

London (CNN) — Argentinian President Cristina Fernandez de Kirchner is once again calling on the UK to hand back the Falkland Islands — known in Argentina as Las Malvinas — accusing Britain of blatant colonialism. In an open letter to British Prime Minister David Cameron, which was published in the British press, she says that Britain …

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Jan 01

Ball In Boehner’s Court After Senate Approves Fiscal Cliff Deal

House Speaker John Boehner of Ohio arrives on Capitol Hill on Tuesday as legislation to negate a fiscal cliff of across-the-board tax increases and sweeping spending cuts moves to the GOP-dominated House. The Senate spent the first few hours of the New Year ironing out the final details of a plan to roll back a …

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Jan 01

Hezbollah Sends Warm Greetings on Christmas

Hezbollah, the pro-Iranian Lebanese Shiite organization, designated as a terrorist organization by the United States and Israel, posted a Christmas greeting to all Christians in the world, but particularly those in the Middle East, on its web site. “Hezbollah congratulates Christians and Muslims in Lebanon and across the world on the birth of Jesus Christ …

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Jan 01

Obama: Agreement On Taxes Is ‘Within Sight’

NPR’s coverage of President Obama’s comments on the “fiscal cliff” talks President Obama told the nation this afternoon that an agreement to prevent most Americans’ taxes from rising at midnight is “within sight,” but not yet done. An hour or so later, the key Republican in talks about the so-called fiscal cliff — Sen. Minority …

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Jan 01

Greece Was Europe’s top stock market in 2012!

  Who would have guessed it? The Greek stock exchange was the best performer in Europe. LONDON (CNNMoney) Few would have bet on Greece being Europe’s best performing stock market in 2012, but it managed to outstrip Germany’s DAX, as international support silenced speculation about an imminent exitfrom the eurozone. The ATHEX composite index of Greek shares …

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Dec 30

Deadline Two Days Away, Negotiators Seek Budget Deal

With two days left to stop a package of higher taxes and spending cuts neither party wants, Democrats and Republicans are searching for a deal as lawmakers gather in Washington and President Barack Obama presses his case on television today. Senate Majority Leader Harry Reid, a Democrat, and Mitch McConnell, the chamber’s Republican leader, plan …

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Dec 30

Lawmakers Work on Budget; Obama Wants Vote No Matter What

U.S. lawmakers entered a weekend of budget negotiations in a final effort to prevent at least some of more than $600 billion in tax increases and spending cuts from taking effect in January. Senate Majority Leader Harry Reid and Minority Leader Mitch McConnell said they’ll try to reach a deal by tomorrow, likely focusing on …

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Dec 30

The Worst CEOs of 2012

Who are the absolute worst chief executives of 2012? Sydney Finkelstein thinks he knows. The longtime professor at Dartmouth College’s Tuck School of Business is the author of 11 books with such titles as Why Smart Executives Fail and Think Again: Why Good Leaders Make Bad Decisions, so he knows a thing or two about …

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Dec 29

The Best and Worst Investments of 2012

Winners Best International Stock (+283%): India consumes more than $20 billion worth of whiskey each year—the most in the world—and United Spirits (UNSP) is the nation’s largest distiller. The company’s sales doubled in four years. The United Kingdom’s Diageo (DEO) bought a controlling stake in United Spirits in November. Best U.S. Large-Cap Stock (+224%): The good news for Regeneron Pharmaceuticals (REGN)shareholders included …

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Dec 29

The Seven Worst Predictions About 2012

If to err is human, then the prognosticators who made the seven worst predictions about 2012 are truly superhuman. They were wrong about everything from the overturn of Obamacare (Right: What overturn?) to the supposedly huge gains awaiting investors inFacebook’s (FB) initial public offering. Lots of other people were equally clueless, but these seven were brave …

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Dec 28

U.S. Military Biofuels Survives Republican Congressional Euthanasia Attempt

What a difference a month makes. During the heated U.S. presidential debate last month, Republicans lined up the U.S. military’s interest in renewable fuels in their gunsights, with both House and Senate Republicans introducing legislation to prohibit the Pentagon from buying any fuels with a price tag greater than those generated from traditional fossil fuels. …

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Dec 28

Stocks fall under fiscal cliff pressure

U.S. stocks opened lower Friday, as lawmakers fumble to find a solution to the fast-approaching fiscal cliff. The S&P 500, the Dow, and the Nasdaq were down between 0.5% and 0.6%, as fears grow about the impact of no deal. The uncertainty has taken a toll on markets. Stocks have sold off for four straight sessions as hopes for …

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Dec 28

The price of war with Iran

 One of the greatest challenges that US President Barack Obama will face in his second term is Iran’s pursuit of advanced nuclear technologies. While a nuclear Iran would damage America’s strategic position in the Middle East, action aimed at forestalling Iran’s nuclear progress also carries serious strategic and economic consequences. Armed with nuclear weapons, Iran …

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Dec 28

Predictions for 2013

Predictions for 2012   The big story People to watch Looking forward to…  Re: BBC.co.uk Lyse Doucet World affairs correspondent I predict the unpredictable. That’s the lesson of 2011. In Syria, which moves closer to civil war, expect a “safe haven” straddling one, if not two borders, which will also be exploited by opposition forces. …

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Dec 28

5 Key National-Security Issues for 2013

It has been a turbulent year, with violence continuing in Syria, heated debates over the defense-budget topline, and the terrorist attack in Benghazi, Libya. National Journal looks at five key national-security issues that the U.S. will wrangle next year. 1. SYRIA. As the Syrian civil war escalates, observers on all sides are awaiting Washington’s next …

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Dec 28

Would a nuclear Iran really trigger a new arms race in the Middle East?

A new analysis questions the assumption that if Iran gets nuclear weapons, its neighbours would follow suit Much of 2012 has seen a steady rise in tensions with regard to Iran‘s nuclear programme and its possible military dimensions. Iran has continued to increase its stockpile of 20%-enriched uranium, moving closer to Israel’s red line for …

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Dec 28

The three 2012 themes that matter most

2012 – the year of the primary, the election, the Diamond Jubilee, the superstorm, the flying dictator, the escaped dissident, the embassy attack, the empty chair, the tech protest, the Olympics, and dozens of other stories already forgotten. It was a busy year and a terribly volatile one, too. Which of these stories will actually …

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Dec 27

Missile diplomacy: North Korea’s rockets

ON DECEMBER 12th Kim Jong Un, leader of North Korea’s tin-pot regime, caught his own people and the rest of the world off-guard by launching an Unha-3 rocket into space and possibly putting a rudimentary satellite into orbit. The timing, just before the first anniversary of the death of his rocket-loving father, Kim Jong Il, appeared …

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Dec 27

On top of the world in 90 days: Building the world’s tallest skyscrapers

SKYSCRAPERS typically take a long time to build. The top 20 tallest (currently completed) towers in the world took, on average, 5.3 years to construct. But a company in China called Broad Sustainable Building, with a track record of putting up buildings in a jiffy, is now planning to construct the world’s tallest building—838 metres—in just …

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Dec 27

Faiths and the faithless: The world’s religious make-up

RELIABLE data on the age and whereabouts of the religious and irreligious are hard to come by, which makes a new report on the topic from the Pew Research Centre welcome. Among its many findings is that Jews and Buddhists make the biggest religious minorities, in the sense of living in a country where another religion …

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Dec 27

How the burden of global diseases has changed in the past two decades

A NEW series of papers, published in the Lancet on December 13th, provides the most complete portrait of global health ever painted. Led by Christopher Murray of the University of Washington, the study quantifies who is dying from what; where and when they are dying; why they got ill in the first place; and whether …

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Dec 27

Doomsdays: Predicting the end of the world

IT IS not only wild-eyed prognosticators, in lonely towers with an owl for company, who predict the exact date of the end of the world. It has been marked in the diaries of popes, preachers and reformers. It has shivered the blood of a navigator nearing the edge of the globe, a delicate painter of …

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Dec 27

Internet traffic

On November 23rd Psy, a South Korean pop star, claimed the title for the most-watched online video. His goofy, rodeo-dancing “Gangnam Style” clip was viewed more than 805m times, surpassing Justin Bieber’s “Baby”. Psy’s sudden success underscores a broader trend: video has become the dominant form of (fixed-access) online content. Three years ago audiovisual entertainment …

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Dec 27

Patent applications Record

China’s patent office received more applications than any other country’s in 2011, according to the World Intellectual Property Organisation, a UN body which follows 125 patent offices. China received 526,412 applications, exceeding those to America and Japan. Globally filings rose by 7.8% last year, breaking the 2m mark. Growth was over 7% for the second …

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Dec 27

Toyota Moves To Settle ‘Sudden Acceleration’ Lawsuits, “$1 Billion”

Owners of Toyota vehicles that experienced sudden and unintended acceleration have reached a settlement that could require the carmaker to pay as much as $1.4 billion in claims, according to the auto maker and the law firm representing Toyota customers. U.S. District Court Judge James Selna, at whose direction the many lawsuits over the “runaway …

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Dec 23

Where the Jobs Will Be in 2020

Urban areas with high demand for educated workers are the best bets for finding work. We know which kinds of jobs will be most plentiful over the next eight years until 2020. The U.S. Bureau of Labor Statistics (BLS) projects that positions in healthcare and social assistance, professional and business services, and construction will represent …

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Dec 23

The Best Jobs of 2013

We have certain standards when it comes to our work. Of course we’re concerned with how much a job pays, but we also want work that provides fulfillment. We want to know whether the job is hiring in the first place. And we can’t forget about security—once hired, are we going to have the chance …

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Dec 22

Gas Just Part of EU-Russian Problems

The Ukrainian government postponed a natural gas price meeting with Russian President Vladimir Putin, who’s slated to meet with European leaders later this week. Kiev said it wasn’t ready to go ahead with the tense negotiations that are a focal point of European energy security. Europe gets much of its natural gas from Russia, while …

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Dec 22

Obama: ‘I Actually Still Think We Can Get Fiscal Cliff Done’

In a news conference Friday, President Obama said there were still things the parties could agree on about the automatic tax-rate increases and spending cuts at the end of the year. But he said parties would have to work together to get a plan approved in the next 10 days. “Call me a hopeless optimist, …

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Dec 22

Democrats Slam NRA’s Response To School Shooting

The nation’s largest gun owners group had said little in the immediate aftermath of the shootings at Sandy Hook Elementary School in Newtown, Conn. But the National Rifle Association’s executive vice president, Wayne LaPierre, broke that silence Friday with a call to place armed guards at all of the nation’s schools. The idea was met …

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Dec 22

Financial Times Review 2012/12/22

2012 review: It could have been worse According to Mayan prediction, the world should have ended yesterday, so if you are reading this, things have turned out better than expected – and that’s largely the story of investment markets during 2012, too. The year began with three key risks: that the eurozone would be subject …

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Dec 20

Top 10 New Energy Technologies of 2012

Without a doubt, the most exciting part about covering the happenings in the energy world has little to do with the industry’s ills. It’s easy to get caught up in the oil spills, rig explosions, lawsuits and arguments over fossil fuels’ impact on the environment. But in the big picture, it’s more important to look …

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Dec 20

Japan’s Election Results Have Uranium Bulls Ready to Charge

The results from Japan’s general election Sunday may be a bellwether event for nuclear power. In a landslide win, Japan’s Liberal Democratic Party (LDP) claimed 294 out of the 480 seats in the lower house of the Diet Sunday, defeating anti-nuclear opponents with a platform focused on economic issues and foreign policy. The Energy Report …

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Dec 20

If Chavez Dies, What Next for U.S. – Venezuelan Relations?

Despite contradictory information from Caracas, one thing is clear – Venezuelan President Hugo Chavez, the country’s chief executive since 1998, is a very sick man. Having won reelection in October to a fourth term, many Venezuelans are now wondering if President Chavez will serve out his six years, or even if he will be well …

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Dec 08

The DIY End-of-the-Year Career Review

As we approach 2013, now is the perfect time to step back for a moment and reflect on your career. Whatever stage you’re in professionally, the end of the year is a great excuse to take stock of where you’ve been and where you’d like to go in the next 12 months. Here’s how: 1. Celebrate your victories. …

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Dec 05

Europeans Summon Israeli Diplomats On Settlement Plan

Construction workers are seen at the E1 construction site near the West Bank settlement of Maaleh Adumim on the eastern outskirts of Jerusalem in 2007.  The U.S. has called the latest Israeli settlement plan “counterproductive,” and now the Europeans have weighed in, with even more pointed criticism. Israeli ambassadors to Britain, France, Denmark, Spain and …

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Dec 01

Who Should be Doing the Geopolitical Heavy Lifting in The Middle East?

Who Should be Doing the Geopolitical Heavy Lifting in The Middle East? ‘Stick or twist’ sums up the changes of political power in America and China in November 2012. President Obama won another four year term in Washington, while Xi Jinping assumed stewardship of China. This intricate ‘Chimerican’ relationship is fundamental to the global outlook anywhere you care to look, …

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Nov 30

Iran Economy Latest News 2012/11/30

Iran Economy Latest News _______________________________________________ _ Iran’s direct tax incomes reach 16 billion USD in 8 months (NZweek) Iran’s incomes from direct taxes reached 16 billion U.S. dollars during the first eight months of the current Iranian calendar year, which began on March 20, Tehran Times daily reported on Thursday. Director of the State Tax Affairs Organization, …

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Nov 28

A Chance for Peace in the Middle East

A Chance for Peace in the Middle East Is there going to be calm after the storm in the Middle East? Following a tumultuous week of all-out war between Israel and Hamas, there are now good chances of peace actually catching on. However peace in the Middle East can only happen if the powers that …

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