Archive for the ‘Economy’ Category

Former GOP presidential candidate Mitt Romney is making his return to the political stage next month, the National Review first reported today. The former Massachusetts governor is scheduled to speak at the high-profile Conservative Political Action Conference outside Washington, DC, according to CNN. “We look forward to hearing Governor Romney’s comments on the current state of affairs in America and the world, and his perspective on the future of the conservative   Read More ...

Categories: Economy, News

The horsemeat scandal has gotten more severe, as tests have revealed traces of banned cancer-causing drug bute in horsemeat. The drug, also known as phenylbutazone, is a carcinogen used as an equine painkiller has made its way into at least six British horse carcasses that have been sent to France, according to the Times. Britain’s agricultural minister David Heath said the country is launching “biggest investigation ever” Europe’s horsemeat contamination   Read More ...

Categories: Economy, News

The boards of American Airlines and US Airways have approved a merger between the two airlines that would create the world’s largest carrier. The Wall Street Journal and CNN Money reported the boards of both airlines voted separately on Wednesday night to back the long-anticipated $11 billion deal. The deal was announced Thursday, CBS News reported. Under the agreement, creditors of bankrupt American Airlines would hold 72 percent of the   Read More ...

Categories: Economy, News

The European Union head has called for DNA tests on beef products across Europe, the lastest in the widening horsemeat scandal that has affected several countries already. “I would like to see DNA testing of processed meat products during process and as finished products established as soon as possible right across every member state,” said Owen Paterson, Britain’s agricultural minister, according to Reuters. “I expect the full force of the   Read More ...

Categories: Economy, News, Rumors

After Feb. 1, the Japanese government will permit imports of meat from US cattle aged 30 months or younger for the first time in ten years, a Japanese food and drug safety council revealed today, the New York Times reported. Japan will also lift a ban on imports of meat from cows from France and the Netherlands, according to the New York Times. Japan was the largest importer of US   Read More ...

Categories: Economy, News

Aurel Persu (1890–1977) was a Romanian engineer, and the first to apply aerodynamics principles to automobiles. He came to the conclusion that the perfectly aerodynamic automobile has the shape of a falling water-drop. Persu implemented his idea in 1922–1923 in Berlin, building an automobile that could reach very high speeds for that time, and it could take curves at up to 60 km/h. It was the first car to have   Read More ...

Categories: Economy, News, Technology

After the personal information of over 4,000 banking executives was leaked to the Web by a group affiliated with the hacktivist movement Anonymous, the Federal Reserve admits to having suffered an online security breach. Spokespeople for the Fed alerted customers on Tuesday that private information stored online was compromised during a weekend hack, all but confirming the source for a trove of data published two days earlier by the loose-knit   Read More ...

Categories: Economy, News, Technology

The question of the “right to blasphemy” is paradoxical. To blaspheme, you must be a believer. On the one hand, the charge of blasphemy is initiated by a believer who believes that orthodox believer against another, as in the appearance of Jesus before Caiaphas. On the other hand, the blasphemer must think that good performances are not in vain, that even harmful, they are a reality. When the Jewish prophets   Read More ...

Categories: Economy, Events

The International Monetary Fund has warned that the flight of capital from struggling eurozone countries could shrink bank assets by trillions of euros. It is yet another stark warning from the IMF, which is preparing for its twice annual meeting in Tokyo. A report from the Fund urged European decision makers to strengthen financial ties within the euro area urgently to restore confidence in the global financial system. The report   Read More ...

Categories: Economy, News

As the Greek government prepares new austerity packages demanded by EU creditors. Greece sees its younger generation feel the sting of economic upheaval. Parents are being increasingly forced to abandon their children, unable to support them.

Categories: Economy, News

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