European Debt Crisis Dampens Holiday Cheer
By Jeff SeldinConcerns about the European debt crisis and high unemployment are sapping the Christmas holiday spirit in some of Europe's capitals.Along the Gran Via in Madrid, the holiday lights are up but do little to brighten the mood - shoppers and pedestrians are getting used to disappoi...
Read MoreGround-Level Ozone Pollution Helped To Recover Normal Ozone Levels Over Iberian Peninsula
The reconstruction of ozone levels over the Iberian Peninsula between 1979 and 2008 reveals that positive trends began eight years after the ratification of the Montreal Protocol. Furthermore, results show that Spain quickly recovered part of its lost ozone thanks to tropospheric ozone, a secondary ...
Read MoreAngola: Fifty Years Of Continued Uprisings – Analysis
By Horace CampbellAngola is reputed to be the third fastest growing country in the world. This is a prime example of a society where growth does not have a positive impact on the quality of the lives of the 99 per cent of Angolans. From the Human Development Indices of the United Nations, the pe...
Read MoreEurope And The World – OpEd
By Sundeep WaslekarThey say European economies are failing – Greece, Italy, may be Spain. They are bound to fail when their growth rates plunge. Whatever is there in the economy is reflected in national accounts. It is not like rising economies where official accounts are hardly relevant. Whethe...
Read MoreEurozone’s Junk Ratings – OpEd
By Vesnovskaya MariaThe credit ratings of two EU countries - Hungary and Portugal - have been downgraded to junk status. Italy has joined the French-German consultations on the Eurozone’s bailout. No specific decisions have been adopted so far.Hungary described the country’s downgrade to BB+...
Read MoreFitch Downgrades Portugal To Junk Status
Fitch Rating agency downgraded Portugal to junk status due to the country’s high debts.Portugal's Long term foreign and local currency Issuer Default Ratings (IDR) went down from 'BBB-' to'BB+' .The agency says the country’s high debt and bad macroeconomic outlook mean their credit profile d...
Read MoreDoes European Union Have An Expiry Date? – OpEd
By Adrian SalbuchiA veritable re-engineering of the entire planet has been taking place in front of our eyes for many decades now. However, since it is gradual, most people do not notice or understand what is happening.Just like the proverbial frog that if thrown into boiling water painfull...
Read MoreThe Eurozone’s Dangerous Sovereign Debt Bubble – OpEd
By Raul de SagastizabalInternational media reported that the Italian 10-year bond yields exceeded 6.6 percent with a spread over the benchmark German bond of 400 basis points, a percentage too close to the 7% that triggered the debt bailouts in Greece, Portugal and Ireland.The Spanish bond y...
Read MoreSaving The US From New UN Veto – OpEd
By Seyyed Mohyeddin SajediThe Portuguese chairman of the United Nations Security Council (UNSC) says the UN admission committee has forwarded its report on Palestine's full UN membership bid to the UNSC members.The report reads that the committee cannot offer a proposal which attracts the co...
Read MoreIMF’s Lagarde Says Italy Reform Key To Reducing Eurozone Crisis
The chief of the International Monetary Fund said Saturday, November 12, that Italy's financial reform is key to reducing the impact of the eurozone crisis, and that no country is immune to the consequences if the efforts fall short.According to AP, after meeting in Tokyo with top Japanese finan...
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