Walker's World: The world and the dollar
Paris (UPI) Oct 17, 2007
The meetings in Washington this weekend of the supposed managers of the global financial system face a daunting challenge. The International Monetary Fund and the World Bank, the central bankers and the finance ministers of the Group of 7, U.S. Treasury Secretary Henry Paulson and the Fed's Ben Bernanke all face a common problem, but most of them have different agendas.
The problem is t ... read more
IMF presses growing China on currency
Washington (AFP) Oct 17, 2007
China's economy is likely to keep leading Asian growth this year and next, the International Monetary Fund said Wednesday, again calling on Beijing to adjust its currency policies.
The Chinese economy is expected to expand 11.5 percent this year, the IMF said in its latest global report, revising upwards a July forecast of 11.2 percent.
In 2008, China's economy will grow 10 percent, the ... more
Construction Bank chief says US shutting out China banks
Beijing (AFP) Oct 17, 2007
The chairman of one of China's top banks criticised US authorities Wednesday for obstructing Chinese lenders trying to establish a presence in America and accused them of "unequal treatment".
"The US authorities have been taking a very inactive attitude about China setting up financial institutions in the US. It's an unequal treatment as China has been quite open to US banks," said Guo Shuqi ... more
EDF in talks for Chinese nuclear reactors: executive
Paris (AFP) Oct 17, 2007
French utility Electricite de France is in talks with Chinese authorities on building several nuclear plants, an executive of the company said on Wednesday.
"We are in the process of discussing with the Chinese authorities and with our partner CGNPC in the (southern) province of Guandong," EDF vice president Gerard Wolf said on the sidelines of an energy conference here.
He said the disc ... more
Ownership Problems Delay Second Leg Of Yamal-Europe Gas Pipeline
Minsk, Russia (RIA Novosti) Oct 18, 2007
The construction of a second leg of a pipeline delivering natural gas via Belarus to Europe has been delayed due to ownership disputes, Russia's ambassador to Belarus said on Wednesday. Belarusian President Alexander Lukashenko proposed on October 12 that Russia start to build a second leg of the Yamal-Europe gas pipeline, and offered free transit for five years. Alexander Surikov said the delay ... more
Iran Determined To Protect Its Interests In Caspian Region
Tehran, Iran (RIA Novosti) Oct 18, 2007
Tehran will not sign any agreements on the status of the Caspian Sea until its national interests in the region are fully safeguarded, Iran's deputy foreign minister said Wednesday. "We will make a determined effort to protect Iran's interests in the Caspian region," Mehdi Safari said on national TV after the conclusion of the second Caspian summit in the Iranian capital. "Until Iran's national ... more
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ENERGY TECH
CNOOC to builds offshore wind power plant
SOLAR DAILY
More Solar Decathlon winners announced
ENERGY TECH
Researchers Examine World's Potential To Produce Biodiesel
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US nuclear deal on, says India ruling party
New Delhi (AFP) Oct 18, 2007
India's ruling Congress party said on Wednesday that a controversial nuclear deal with the United States was still on, despite stiff opposition within the coalition government.
The Congress statement came two days after Indian Prime Minister Manmohan Singh told US President George Bush about "certain difficulties" in implementing the nuclear agreement.
"The deal is not in cold storage an ... more
Larijani Suggests West Put Up With Iran's Nuclear Program
Tehran, Iran (RIA Novosti) Oct 18, 2007
Iran's top nuclear negotiator Ali Larijani proposed on Wednesday that the West come to terms with the Islamic Republic's possession of nuclear technology. Praising Iran's "persistence" in mastering its nuclear program, Larijani said the West had only two options - "either to restrain itself or to recognize Iran and its knowledge in the nuclear sphere and begin cooperation." The Iranian official ... more
Analysis: Venezuela to boost Cuban oil
Miami (UPI) Oct 17, 2007
Cuba and Venezuela have signed agreements aimed at strengthening their economic ties, particularly in the energy sector, where Caracas hopes to bolster Cuba's oil industry.
Venezuelan President Hugo Chavez met with Cuba's interim leader, Raul Castro, earlier this week to sign new accords, among them a pledge to reopen the doors of a long-dormant, Soviet-era oil refinery.
Other oi ... more
USS Fort McHenry Mission To Set Tone For US Africa Command
Washington DC (AFNS) Oct 17, 2007
USS Fort McHenry (LSD 43) is slated to leave Little Creek, Va., Oct. 16 for a seven-month deployment to the Gulf of Guinea that the chief of U.S. Africa Command (AFRICOM) said will exemplify how his new command will operate. The amphibious dock landing ship will serve as a platform for the Africa Partnership Station Initiative, which aims to work cooperatively with U.S. and international partner ... more
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POLITICAL ECONOMY
Chinese bank eyeing Bear Stearns: official
DISASTER MANAGEMENT
Satellites Help Save Lives
ENERGY TECH
If Corn Is Biofuels King, Tropical Maize May Be Emperor
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ComEd Supports The Expansion Of Solar Power At 14 Schools And Two Community Organizations
Chicago IL (SPX) Oct 16, 2007
ComEd and the Illinois Clean Energy Community Foundation (ICECF) distributed more than $200,000 in grants this year to support the installation of solar photovoltaic (PV) electric generation systems at 14 schools and two other education-focused non-profit community organizations in northern Illinois.
The selected schools and community organizations received funding to install a 1 kilowatt ... more
Bouncing Bucky Balls
Bologna, Italy (SPX) Oct 17, 2007
C60 molecules have an intriguing ball-shaped structure that suggests several interesting possibilities for motion on surfaces. Indeed, researchers have found that the passage of electrons through a bucky ball in a transistor is correlated to the spinning of the ball around its center of mass. Moreover, since bucky balls look like molecular ball bearings, it has been thought that they may be usef ... more
Putin Calls For Shared Use Of Most Of Caspian Sea
Tehran, Iran (RIA Novosti) Oct 17, 2007
Russian President Vladimir Putin told a Caspian summit in Tehran that the bulk of the Caspian Sea should be left for the common use of its five littoral states. "The Caspian Sea should not be covered by numerous state borders, sectors and exclusive zones," Putin said. "The less territory they occupy and the more water remains in common use, the better." The Russian leader said the Caspian states ... more
Analysis: Iran, Syria in gas deal
Washington (UPI) Oct 15, 2007
A $1 billion deal to pipe natural gas to Syria from Iran announced in early October signals increasing ties between the two foes of the United States, and its path through Turkey could inflame tensions at a time when U.S.-Turkish relations are strained.
Iran plans to export about 100 billion cubic feet of natural gas to Syria every year, according to Iranian state-run media. The deal wo ... more
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ENERGY TECH
Iowa State Engineers Hope To Build Better Roads By Using Ethanol Co-Products
CIVIL NUCLEAR
Putin blames 'worn-out' equipment for Iran nuclear delay
CIVIL NUCLEAR
Nuclear Deal In Trouble India Warns US As Whitehouse Says Deal Not Dead
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