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Posts Tagged ‘collapse’

Arguments for Deflation: Unemployment, Debt and Deleveraging, the Pension Crisis, Collapse of the Shadow Banking System, and Interest on Reserves

As Absolute Return Partners wrote in its July newsletter: The most important investment decision you will have to make this year and possibly for years to come is whether to structure your portfolio for deflation or inflation. So which is it, inflation…

Plucked from the depths

It is possible to prevent the collapse of commercial fish stocks

BORIS WORM, a marine biologist, has spent much of his academic life studying fish. In 2006 he came to the depressing conclusion that by 2048 the world’s commercial fisheries would have collapsed. Fish would no longer be on the menu. But Dr Worm is no pessimist and on July 31st he published a more encouraging piece of work in Science. It suggests that, with proper management, it ought to be possible to rebuild the world’s fisheries.

Dr Worm, who works at Dalhousie University in Nova Scotia, Canada, conducted the study in collaboration with Ray Hilborn of the University of Washington, Seattle, who was a ferocious critic of his initial analysis. For two years the pair, along with 19 colleagues, gathered data from ten of the world’s large fisheries. They found a mixed picture, in which some species were overfished in some places and not in others. …

Tom Gregory: Congress Passes “Uncle Buck” Bill

(Reuterz) Washington D.C. Congress has approved the “Cash For Clunkers” Bill with 135 pages of criteria that must be met to qualify for the…

Sarkozy leaves hospital after jogging collapse

A smiling French President Nicolas Sarkozy left a Paris military hospital on Monday after overnight tests gave him a clean bill of health despite his collapse while jogging the day before.  Sarkozy left the Val de Grace hospital hand in hand with his supermodel wife Carla Bruni-Sarkozy, thenA smiling French President Nicolas Sarkozy left a Paris military hospital on Monday after overnight tests gave him a clean bill of health despite his collapse while jogging the day before. Sarkozy left the Val de Grace hospital hand in hand with his supermodel wife Carla Bruni-Sarkozy, then

France’s Sarkozy hospitalised after collapse

French President Nicolas Sarkozy was taken to hospital on Sunday after falling ill while exercising, officials said. French television and radio said the 54-year-old president had been out jogging at the La Lanterne residence in Versaille, just outside Paris. He was taken

“Financial collapse of state prevented”

Finance Minister Diana Dragutinović said on Friday that her ministry made several important moves over the past year. This prevented the financial collapse of the state, she stated.

Madge breaks down in tears meeting stage collapse victim’s family Madge breaks down in tears meeting stage collapse victim’s family

Queen of Pop Madonna reportedly broke down in tears when she met the mother of a deceased construction worker, who died when the singer’s stage collapsed in France on July 16.
Madge, 50, was to hold a concert at Marseille’s Stade Velodrome, but had to cancel after Charles Criscenzo, 52, and Charles Prow, 23, died after [...]

Madonna Refusing To Cooperate In Stage Collapse Investigation

Pop diva Madonna is refusing to cooperate with officials investigating the collapse of a stage that left 50 people injured during her tour in Marseilles, France last Thursday.

INFphoto.com
Two technicians died after a temporary roof fell on workers preparing for the “Borderline” star’s Sunday night show in the city.
Despite visiting with the injured workers [...]

Recession tales

Traders in Hong Kong

How has your life changed in the last year

In September it will be a year since the collapse of Wall Street giant Lehman Brothers – an event that highlighted the extent of the sub-prime mortgage crisis and sparked a collapse in share prices and investor confidence.

Many individual countries are now in recession and the world economy is flagging badly.

Wherever you are in the world, we want to hear how your life has changed.

Have you lost your job Or have you had to cut back on your spending Or maybe you have made other changes in your life. Whatever your experience is, we would like to hear from you.

Send us your stories using the form below. Please include a phone number if you are happy to be contacted by the BBC.

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This article is from the BBC News website. © British Broadcasting Corporation, The BBC is not responsible for the content of external internet sites.

Goldman Execs Sold $700M Of Stock, Most Of It During Their Bailout

Executives at Goldman Sachs sold almost $700m worth of stock following the collapse of Lehman Brothers last September, according to filings with the Securities and Exchange Commission.

Most of the sales occurred during the period in which the…

New Delhi bridge collapse toll rises to six

Police say a sixth person has died in the collapse of a bridge being built for the Indian capital’s metro rail.  Authorities are rushing to complete six more segments of the  New Delhi Metro system  – which already has three operational lines – ahead of the 2010 Commonwealth Games.  ThePolice say a sixth person has died in the collapse of a bridge being built for the Indian capital’s metro rail. Authorities are rushing to complete six more segments of the New Delhi Metro system – which already has three operational lines – ahead of the 2010 Commonwealth Games. The

Five dead, 15 injured in New Delhi metro rail bridge collapse

Five people were killed and another 15 injured when a section of a partially-constructed New Delhi metro bridge gave way suddenly early Sunday, a spokesman for the rail service said. The accident occurred when a pillar supporting part of the carriageway collapsed, Anuj Dayal, spokesman for

Cricket: Sri Lanka seize control after Pakistan collapse

Sri Lanka seized control of the second test on Sunday by bowling Pakistan out for 90, the tourists’ lowest total against Sri Lanka. Seamer Nuwan Kulasekara was the chief destroyer, triggering the collapse with the new ball and finishing with four for 21 from nine overs.