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Apollo News Daily

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Apollo News Daily

AUSTRALIA'S CARBON-TRADING LEGISLATION FAILS


Written by Rohan Sullivan
December 2st, 2009

Australia's Senate on Wednesday defeated the government's plan to implement a carbon pollution trading system to fight global warming, dashing hopes of setting an example for other nations at U.N. climate change talks next week. The scuttled proposal would have placed Australia alongside the European Union and a handful of other places that have or are considering "cap-and-trade" systems to cut greenhouse gas emissions, and burnished Prime Minister Kevin Rudd's international reputation as a leader on the issue.

 

House banking panel set for final regulations vote


Written by Jim Kuhnhenn
December 2st, 2009

House lawmakers are ready to clear a significant hurdle in their drive to slap new financial restraints on big Wall Street institutions and to demand greater openness from the nation's central bank. Motivated by the crisis that caused a near collapse in financial markets, a House committee scheduled a vote Wednesday on legislation that would give the government the right to dismantle financial firms that pose a risk to the economy, even if they are healthy.

 

Gold Rises to a Record on Stronger Demand for a Dollar Hedge


Written by Nicholas Larkin and Kim Kyoungwha
December 1st, 2009

Gold surged to a record for a second day in New York and London as investors stepped up purchases to protect their wealth against a slumping dollar. Other precious metals climbed. Gold futures have risen 37 percent this year as the dollar has dropped 8.5 percent against a basket of six currencies. Central banks, pension funds and individuals have bought gold as a hedge against potential currency debasement and inflation. The precious metal is climbing “like there is no tomorrow,” David Thurtell, an analyst at Citigroup Inc., wrote in a report.

 

Iraq sees alarming rise in cancers, deformed babies


Written by Suadad al-Salhy
December 1st, 2009

The guns are gradually falling silent in Iraq as a fragile stability takes hold, turning the spotlight on a stealthier killer likely to stalk Iraqis for years to come. Incidences of cancer, deformed babies and other health problems have risen sharply, Iraqi officials say, and many suspect contamination from weapons used in years of war and accompanying unchecked pollution as a cause.

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Mark Dice offers over $1000 worth of gold for free to random people



December 1st, 2009

 

Penn State Will Investigate 'Climategate'



December 1st, 2009

Among other things, the Watergate scandal of the 1970s gave us a great naming convention for future scandals. Take "Climategate" at Penn State. That's what people are calling the controversy surrounding leaked E-mails among climate change researchers that climate change opponents say expose the researchers' falsification of data. One Penn State professor is involved in the scandal. The Penn State administration plans to investigate Climategate and determine if it needs to take further action, the Daily Collegian reports. A little more than a week ago, E-mails exchanged among an English university's climate change researchers were illegally obtained from a server and posted online, the report says.

 

Monsanto's dominance draws antitrust inquiry


Written by Peter Whoriskey
December 1st, 2009

For plants designed in a lab a little more than a decade ago, they've come a long way: Today, the vast majority of the nation's two primary crops grow from seeds genetically altered according to Monsanto company patents. Ninety-three percent of soybeans. Eighty percent of corn. The seeds represent "probably the most revolutionary event in grain crops over the last 30 years," said Geno Lowe, a Salisbury, Md., soybean farmer. But for farmers such as Lowe, prices of the Monsanto-patented seeds have steadily increased, roughly doubling during the past decade, to about $50 for a 50-pound bag of soybean seed, according to seed dealers.

 

Murder on the Nevsky Express


Written by Matthew Campbell and Anna Voutsen
December 1st, 2009

The first sign of something wrong as the Nevsky Express raced through the night came when the train began to “tremble”. Then the carriage gave a violent lurch to the left and Igor Pechnikov was hurled from his seat. He was one of the lucky ones. At least 30 other passengers aboard the luxury express from Moscow to St Petersburg were killed and scores more injured when a bomb went off, derailing the last three carriages, including Pechnikov’s, at 130mph.

 

In The House, Many Spoke With One Voice: Lobbyists’


Written by Robert Pear
December 1st, 2009

In the official record of the historic House debate on overhauling health care, the speeches of many lawmakers echo with similarities. Often, that was no accident. Statements by more than a dozen lawmakers were ghostwritten, in whole or in part, by Washington lobbyists working for Genentech, one of the world’s largest biotechnology companies.

 

Morgan Stanley fears UK sovereign debt crisis in 2010


Written by Ambrose Evans-Pritchard
December 1st, 2009

The US investment bank said there is a danger Britain’s toxic mix of problems will come to a head as soon as next year, triggered by fears that Westminster may prove unable to restore fiscal credibility.

“Growing fears over a hung parliament would likely weigh on both the currency and gilt yields as it would represent something of a leap into the unknown, and would increase the probability that some of the rating agencies remove the UK's AAA status,” said the report, written by the bank’s European investment team of Ronan Carr, Teun Draaisma, and Graham Secker.

 
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