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News & Updates
July 6, 2012 America's wealth gap -- in 1776Source: American Public Media
In Philadelphia this week, people from across the country are gathering in the same spot where the Declaration of Independence was signed a couple hundred years ago. They're hoping to come up with their own document, outlining...
July 6, 2012 America: Number One In Wealth, Richer Than The Next Four Nations Combined - International Business TimesSource: International Business Times
It's actually the assessment of a recent United Nations study. The 336-page "Inclusive Wealth Report,"put together by the U.N. University and the U.N. Environmental Programme, tabulated the wealth of nations by including not...
July 6, 2012 Report: Countrywide won influence with discountsSource: AJC.com
WASHINGTON — The former Countrywide Financial Corp., whose subprime loans helped start the nation's foreclosure crisis, made hundreds of discount loans to buy influence with members of Congress, congressional staff, top...
Source: Fox News
Samaras told them that his government "...Is determined to move ahead more effectively with the fiscal adjustment, to speed up structural reforms so that the economy recovers, jobs are created and social cohesion is ensured,";...
The European Central Bank cut interest rates to a record low on Thursday to breathe life into a deteriorating euro zone economy and back up measures agreed by government leaders last week to tackle the bloc's debt crisis.
Source: NY Times
TOKYO — The nuclear accident at Fukushima was a man-made disaster rooted in government-industry collusion and the worst conformist conventions of Japanese culture, a high-level parliamentary inquiry concluded on Thursday, in a...
July 5, 2012 Court Papers Undercut Ratings Agencies' DefenseSource: Gretchen Morgenson, NY Times
Documents in a civil suit in federal court appear to threaten a legal defense that credit ratings agencies have long used to fend off liability for misjudging securities that later cost investors vast sums in losses.
July 5, 2012 Greening the fleet: Republicans criticize $26 a gallon biofuel being tested by the NavySource: Mother Nature Network
The U.S. Navy has spent $26 a gallon for 900,000 gallons of biofuels mixed with petroleum for use in a training exercise, and Republicans in Washington aren't too happy about it. The biofuel mix is being carried by the USNS...
July 5, 2012 Food safety becomes national priority (China}Source: China Daily
The State Council pledged on Tuesday to solve food safety issues in three years, but effective supervision and punishment of those breaking the law is the key to accomplish the ambitious target, analysts said. "China's food...
Source: Huff Post
LONDON -- Armed British police carried out an early-morning raid on a residential address near London's Olympic Park, using smoke grenades and a stun gun in what they said was a pre-planned anti-terror operation.
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