News Desk Archives - Page 351 of 401

Saudi Bahrain Intervention Provokes Gulf Shiite Anger

The battle for control of this strategic island kingdom intensified on Tuesday as

Iran lashed out at the arrival of Saudi troops brought in to help retake the streets from anti-government protesters

and the king declared a three-month state of emergency.

Long-simmering popular anger at Sunni domination over a Shiite majority

has been ratcheted up by recent revolts across the Arab world.

“We are not an exact copy of what happened in Egypt but we have been inspired by it,”

Fukushima GE-Made Reactor’s Safety Doubted Since 70s

The warnings were stark and issued repeatedly as far back as 1972:

If the cooling systems ever failed at a Mark 1 nuclear reactor — developed in the 1960s by General Electric —

the primary containment vessel surrounding the reactor would probably burst as the fuel rods inside overheated.

Dangerous radiation would spew into the environment.

Now, with one Mark 1 containment vessel damaged at the embattled Fukushima Daiichi nuclear plant and other vessels there under severe strain,

Entire Japan Economy Shaken By Growing Disaster

As the humanitarian and nuclear crises in Japan escalated after the devastating earthquake and tsunami,

the impact on the country’s economy appeared to be spreading as well.

While the nation’s industrial clusters in the south and west seemed to be spared the worst,

the crisis at damaged nuclear plants north of Tokyo was threatening to cause an energy squeeze that could set back all sectors of Japan’s economy.

To help bring electricity back to the devastated areas, utilities across Japan are cutting back and sharing power,

Quake Shakes Japanese Finances

The Japanese central bank on Monday raced to shield the country’s economy

and plunging financial markets from the impact of the devastating earthquake and tsunami

by pumping cash into the financial system and easing monetary policy further through an expansion of asset purchases.

Economists at Credit Suisse in Tokyo projected that the total economic losses of the quake could amount to as much as 15 trillion yen.

Is Bahrain – not Libya – The Real Action in the Middle East?

Libya is commanding the world’s attention in its state of civil war. However, Libya is not the most important event in the Arab world at the moment. According to Startfor the demonstrations in Bahrain are far more significant in their implications for the region and potentially for the world.

Can Lawyers Be Replaced By Computers?

Lawsuits are expensive with lawyers and paralegals working at high hourly rates to comb over documents. So can smart software cut out the costly legal fees – or lawyers altogether.

“From a legal staffing viewpoint, it means that a lot of people who used to be allocated to conduct document review are no longer able to be billed out,” said Bill Herr, who as a lawyer at a major chemical company used to muster auditoriums of lawyers to read documents for weeks on end. “People get bored, people get headaches. Computers don’t.”

A US Empire Declining – Or Collapsing?

The US is the world’s largest economy and home to dynamic and innovative technology companies and entrepreneurs ahead of our time. However, global competition is heating up in these areas, especially in China. In his thought-provoking article on Time, Fareed Zakaria asks is America still number one?

Even Matt Damon Wants Obama To Man Up to Wall St

Hollywood elite have turned their backs on Obama after supporting him before he was elected in 2008. Actor Matt Damon is the first to cite Obama’s dealings with Wall Street as the main reason for the backlash in support.

“I think he’s rolled over to Wall Street completely,” Damon told the Independent.

“The economy has huge problems. We still have all these banks that are too big to fail. They’re bigger and making more money than ever.”

The New Rich of China, Russia and Brazil

The economic boom in Asia and emerging economies, as well as inflation all across the globe has caused in increase in a number of billionaires in China, Russia and Brazil in 2011.

According to some reports, sources suggest China is set to have almost doubled the figures of their billionaire headcount to 115. Meanwhile Russia and Brazil have 101, and 30 billionaires respectively – confirmed by Forbes in its annual list of world’s richest men. This is the first time a country has emerged with more than 100 billionaires apart from US which has 413 billionaires till date.

The 10 Richest Young People in the World

What is the one thing the world’s youngest billionaires have in common? For one, most of our top list – have made their money from the internet, and started with – not a lot.

Perhaps there is something to be said for the vast opportunities the world wide web has opened up for the ingenious entrepreneurs, and many more that walk in their footsteps.

Here is Forbes list of youngest billionaires: