The Federal National Mortgage Association, more commonly known as Fannie Mae, announced on Tuesday that it would require a further $7.8 billion in federal aid from the US Treasury Department in order to stay afloat, after reporting third-quarter losses of up to $5.1 billion.
In a move aimed at lowering carbon emissions, Australia sent a strong message Tuesday that there is a hefty price to pay for pollution and climate change.
After many years of fierce debate, the Australian Senate approved the Clean Energy Act by 36 to 32 votes, breaking out in cheers and applause after the outcome was drawn requiring Australia’s coal-fired power stations and other major carbon emitters to pay-to-pollute.
Last Saturday, community banks and credit unions in the United States saw a record amount in daily incoming transfers, as customers moved funds out of big financial institutions.
The occupy movement, whose agenda is still not quite yet defined, on Saturday inspired a grassroots level Internet-launched call to move money from the big transnational financial institutions down to the neighbourhood level.
Government officials in New York’s Suffolk County sacked its long-running Santa Claus Christmas performer last Friday, claiming that it was a necessary step to trim the county’s budget of US$2.7 billion, particularly in today’s economy.
China’s largest solar power plant developer CECEP Solar Energy Technology Co Ltd has placed its US$500 million US-based development project on hold, following an anti-dumping complaint made against Chinese solar firms by SolarWorld Industries America Inc and the Coalition for American Solar Manufacturing last month.
United Airlines Flight 1403 from Houston’s Bush Intercontinental Airport to Chicago’s O’Hare International Airport will become the first US commercial flight to be powered by an “advanced biofuel” when it takes off at 10:25am CT today.
The 941.5 miles flight from Houston to Chicago will take a Boeing 737-800 Eco-Skies Aircraft and its passengers from the former home city of Continental Airlines to the base of United Airlines, which took over Continental last year to form United Continental Holdings Inc.
Local Chinese brewers, such as Tsingtao, Yanjing and Zhujiang Beer, are increasingly looking towards the premium beer market as a potential source of revenue as they try to break a monopoly by foreign companies in the world’s largest beer market, where only 5 percent of beers drunk are premium draught beers.
Argentinean energy company Bridas Energy Holdings Ltd. has pulled the plug on a US$7.06 billion buyout of BP’s 60 percent stake in Pan American Energy LLC, citing “legal reasons” and “the way BP has behaved during the transaction” as the key reasons behind the failed negotiations.
How important are looks and appearance when it comes to snagging that dream job? Research has shown that attractive people do better at job interviews, increasing their chances of a gaining employment. In monetary terms, experts have tried to suggest that the attractive people earn a “lifetime difference” of $230,000 more.
How exactly can we define beauty? Is beauty only skin deep?
In a time when the banking and finance industry is fighting to maintain profitability, the shadow banking system has managed to surpass its pre-crisis level, growing bigger than it was before the financial crisis.
