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- Water: A soluble problem
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More trading could help to alleviate water shortagesSO WORLD markets are short of oil, and supplies of food are running thin. The prices of all sorts of basic commodities are soaring, and now there may also be reason for many to worry about the most fundamental of necessities–water. Some experts believe so, at least, and they are spreading doom-laden warnings of a Malthusian crisis in the world’s water supply. Goldman Sachs, an investment bank which likes to ponder the future of the world, recently suggested that a global lack of water could prove to be a bigger threat to mankind than rising food prices or the depletion of energy resources. Sir Nicholas Stern, who reviewed the economics of climate change in a big report for the British government in 2006, is worried too. He points to some big local problems, for example in the Himalayas, where melting glaciers risk disrupting supplies of usable water in the region, just as many underground aquifers are drying up. He argues that water–at least the fresh sort–is not a renewable resource, and because it is not priced properly it has been “mined” without restraint. ……
Original Source:
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18 July, 2008| massmedia |
Comments (0) @ 22:21
- A soluble problem
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More trading could help to alleviate water shortagesSO WORLD markets are short of oil, and supplies of food are running thin. The prices of all sorts of basic commodities are soaring, and now there may also be reason for many to worry about the most fundamental of necessities–water. Some experts believe so, at least, and they are spreading doom-laden warnings of a Malthusian crisis in the world’s water supply. Goldman Sachs, an investment bank which likes to ponder the future of the world, recently suggested that a global lack of water could prove to be a bigger threat to mankind than rising food prices or the depletion of energy resources. Sir Nicholas Stern, who reviewed the economics of climate change in a big report for the British government in 2006, is worried too. He points to some big local problems, for example in the Himalayas, where melting glaciers risk disrupting supplies of usable water in the region, just as many underground aquifers are drying up. He argues that water–at least the fresh sort–is not a renewable resource, and because it is not priced properly it has been “mined” without restraint. ……
Original Source:
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18 July, 2008| massmedia |
Comments (0) @ 22:21
- Oil price drop in volatile market
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The price of oil records its biggest weekly drop, slipping under $130 a barrel as US consumers use less gasoline….
Original Source: news.bbc.co.uk
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18 July, 2008| massmedia |
Comments (0) @ 22:12
- Prepay energy meters are ‘unjust’
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Millions of households on pre-payment meters are paying ‘unjust’ charges, the Energy Minister Malcolm Wicks has said….
Original Source: news.bbc.co.uk
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18 July, 2008| massmedia |
Comments (0) @ 22:02
- Ghana parliament delays Vodafone decision
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ACCRA (Reuters) - Ghana’s parliament delayed on Friday a decision on a deal that would allow Vodaphone Group buy a 70 percent stake in Ghana Telecom, the country’s third largest mobile phone operator.
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Original Source: feeds.reuters.com
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18 July, 2008| massmedia |
Comments (0) @ 14:31
- Citigroup Hurts So Good
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‘Better-than-expected’ in Q2 was all Wall Street needed to hear….
Original Source: www.forbes.com
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18 July, 2008| massmedia |
Comments (0) @ 14:05
- Citigroup’s Winning Ugly
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‘Better-than-expected’ in Q2 was all Wall Street needed to hear….
Original Source: www.forbes.com
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18 July, 2008| massmedia |
Comments (0) @ 14:05
- More charges possible in Bear Stearns case
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NEW YORK (Reuters) - The U.S. government is considering bringing further criminal charges in the case involving two former Bear Stearns executives indicted last month related to the collapse of two hedge funds they oversaw, a federal prosecutor said on Friday.
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Original Source: feeds.reuters.com
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18 July, 2008| massmedia |
Comments (0) @ 12:47
- Oil extends slide and falls below $129
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NEW YORK (Reuters) - Oil fell to below $129 a barrel on Friday, extending a slide that has knocked nearly 13 percent off last week’s record peak on easing tension between Iran and the West and growing demand concerns.
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Original Source: feeds.reuters.com
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18 July, 2008| massmedia |
Comments (0) @ 12:39
- SEC Retrenches On New Short-Selling Rules
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The whiners triumph as SEC relaxes rules for ”market makers.”…
Original Source: www.forbes.com
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18 July, 2008| massmedia |
Comments (0) @ 11:31
- Oil rises as weather concerns stem slide
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NEW YORK (Reuters) - Oil rose on Friday, stemming a 12 percent fall from last week’s record high, on threats a developing Caribbean weather system could hit the energy-rich Gulf of Mexico.
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Original Source: feeds.reuters.com
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18 July, 2008| massmedia |
Comments (0) @ 11:21
- Citigroup losses better than expected
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NEW YORK (Reuters) - Citigroup posted a smaller-than-expected quarterly loss, despite $11.7 billion (5.85 billion pounds) of write-downs and credit losses tied to deteriorating capital markets and a slumping economy.
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Original Source: feeds.reuters.com
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18 July, 2008| massmedia |
Comments (0) @ 11:07
- BoE’s Gieve says tighter credit has offset rate cuts
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LONDON (Reuters) - Tightening credit conditions have offset the last three Bank of England interest rate cuts and this needs to be taken into account when setting policy, Bank of England deputy governor John Gieve said on Friday.
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Original Source: feeds.reuters.com
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18 July, 2008| massmedia |
Comments (0) @ 10:07
- FTSE gains as Citi results buoy banks
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LONDON (Reuters) - Blue-chip stocks rose on Friday as banks rebounded after better-than-expected results from U.S. bank Citigroup in the choppiest session in nearly six months, while a fall in miners curbed gains.
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Original Source: feeds.reuters.com
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18 July, 2008| massmedia |
Comments (0) @ 9:19
- Oil up $1 after fall on easing Iran tension
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LONDON (Reuters) - Oil prices rose a dollar on Friday, reversing a little of the sharp fall of this week.
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Original Source: feeds.reuters.com
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18 July, 2008| massmedia |
Comments (0) @ 9:17
- Air show marks end of order boom
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FARNBOROUGH (Reuters) - A $40 billion (20 billion pound) spree by Gulf oil states prevented aircraft orders from going into freefall at this week’s Farnborough Airshow but left little for Airbus and Boeing to scrap over for the rest of the year.
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Original Source: feeds.reuters.com
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18 July, 2008| massmedia |
Comments (0) @ 8:19
- HBOS share rally comes too late for rights issue
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LONDON (Reuters) - A rally in HBOS shares came too late on Friday to encourage investors to take up the lender’s planned 4 billion pound ($8 billion) cash call, but could prove a boon to underwriters left to place unwanted stock.
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Original Source: feeds.reuters.com
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18 July, 2008| massmedia |
Comments (0) @ 8:17
- CORRECTED - Air show marks end of order boom
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FARNBOROUGH (Reuters) - A $40 billion (20 billion pound) spree by Gulf oil states prevented aircraft orders from going into freefall at this week’s Farnborough Airshow but left little for Airbus and Boeing to scrap over for the rest of the year.
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Original Source: feeds.reuters.com
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18 July, 2008| massmedia |
Comments (0) @ 7:47
- Slim demand for Barclays offer gives Qatar pct stake
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LONDON (Reuters) - Qatari and Asian investors will provide the bulk of Barclays’ 4.5 billion pound fundraising after the British bank said on Friday less than a fifth of its existing shareholders signed up to buy shares.
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Original Source: feeds.reuters.com
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18 July, 2008| massmedia |
Comments (0) @ 7:33
- Gieve says tighter credit has offset rate cuts
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LONDON (Reuters) - Tightening credit conditions have offset the last three Bank of England interest rate cuts and this needs to be taken into account when setting policy, Bank of England deputy governor John Gieve said on Friday.
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Original Source: feeds.reuters.com
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18 July, 2008| massmedia |
Comments (0) @ 7:27