Train and flight services to southwestern Japan have been suspended after a volcano erupted for the first time in 52 years, spewing columns of smoke and ash thousands of metres into the sky. The eruption of Shinmoedake has forced the suspension of flight and train services to Miyazaki in southwestern Japan and the evacuation of homes.
Brazil's environmental agency has approved the clearing of nearly 600 acres of Amazon forest so that work can begin on a controversial hydroelectric dam. Brazil approves clearing of Amazon forest to make way for Belo Monte dam. The Belo Monte dam, which will be the third-largest such project in the world, has been strongly opposed by environmental campaigners and indigenous people who face being displaced.
Treasury yields are "blinking red", but the Fed keeps acting like nothing's wrong. What's the deal? Let's explain: Fed chairman Ben Bernanke's bond purchasing program (QE2) has sent the yield on the 30-year Treasury skyrocketing. At the same time, the the 2-year Treasury is stuck at a lowly 0.61. That means, the "yield curve" between the two bonds has grown steeper, which normally happens at the beginning of a recovery because investors are moving out of "risk free" bonds to riskier assets like stocks. Typically, the yield on the long-term bond will start to go down on its own because investors expect the Fed to raise short-term rates to curb potential inflation. But that's not happening this time. Why? And why should we care?
Mubarak regime may not survive new protests as flames of anger spread through Middle East. A day of prayer or a day of rage? All Egypt was waiting for the Muslim Sabbath today – not to mention Egypt's fearful allies – as the country's ageing President clings to power after nights of violence that have shaken America's faith in the stability of the Mubarak regime.
The Palestine Papers give the world an unprecedented look inside the Palestinian-Israeli peace process, but they also provide a fly-on-the-wall view of how key senior American officials view their role as negotiators which, as the papers show, apparently means never taking any position to which an Israeli government might object. The series of six documents that provide a core element to understanding the debates that raged over Israeli settlements show just how willing the U.S. is to acquiesce to Israeli demands – and how willing they are to pressing the PA leadership to move forward on the negotiations despite Israel’s flaunting of international agreements, including freezing all settlement activity.
Relatively unscathed by housing collapse, owners losing homes over unemployment. LOS ANGELES — The foreclosure crisis is getting worse as high unemployment and lackluster job prospects force homeowners in an increasing number of U.S. metropolitan areas into dire financial straits. In Seattle, Houston and Chicago, cities that were relatively insulated from foreclosures early on in the housing bust, a growing number of homeowners are falling behind on mortgage payments and finding themselves on the receiving end of foreclosure warnings. Others have already seen their homes repossessed by lenders.
UPDATE: Following the arrest of five people in Britain in connection with the "Operation Payback" cyber-attacks in support of WikiLeaks, the FBI announced mass raids across the United States in connection with the case. "FBI agents today executed more than 40 search warrants throughout the United States as part of an ongoing investigation into recent coordinated cyber attacks against major companies and organizations," a bureau press release states.
President Obama’s State of the Union address Tuesday night demonstrated the insular, sclerotic and reactionary character of the American political system. The annual presidential address before the US Congress long ago degenerated into a hollow ritual. What was remarkable about Obama’s address, however, was how completely it revealed the obliviousness and indifference of the political establishment to the social disaster confronting tens of millions of Americans.
The United States is working intensively to suppress mass protests in both Tunisia and Egypt and prop up the local ruling elites that are entirely subordinate to American imperialism.
Time to end foreign aid to Israel: We just cant do it anymore, Sen. Paul warnsOne of the Senate's newest members has settled upon an idea to reduce American debt that's likely to come off as highly controversial in the halls of power: ending all foreign aid, including the tens of billions dedicated to Israel.
The self-immolation of Mohamed Bouazizi in a moment of despair on December 17 in the Tunisian town of Sidi Bouzid has touched off a chain of events that is still unfolding, but has already rocked the Arab world.
Thousands of Yemenis Urge President to Quit. Thousands of Yemenis, apparently inspired by events in Tunisia and Egypt, staged a mass demonstration on Thursday calling on President Ali Abdullah Saleh to quit after being in power since 1978. Thousands of Yemenis took to the streets of Sanaa on Thursday to demand a change of government, inspired by the unrest that has ousted Tunisia's leader and spread to Egypt this week. "Enough being in power for (over) 30 years," chanted protesters in demonstrations staged by the Common Forum opposition in four different parts of the capital Sanaa.
The legal case against Happy Meals, marketed to kids. When it comes to food, everybody’s got an opinion. Same goes for parenting. Mix the two together and you’ve got the makings of a culture war. Witness the recent scuffle between Sarah Palin and Michelle Obama over the White House’s rather tame Let’s Move campaign aimed at ending childhood obesity.
Here they come looking for an out-clause and a way to keep their coffers full. We need to repeat a simple mantra: No more bailouts for Wall Street. They committed widespread fraud – largely whitewashed by the corporate media – and, in the process, threw the economy into a tailspin. They've broken into and stolen people's homes, and, in the name of “efficiency,” bilked state governments out of billions of dollars in real estate transfer fees.
Tens of thousands of people in Yemen have taken to the streets in the country's capital, calling for an end to the government of Ali Abdullah Saleh, the president. Inspired by recent events in Tunisia and Egypt, opposition members and youth activists are rallying at four different locations in Sanaa on Thursday, chanting for Saleh, who has been in power for 32 years, to step down.
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