Floods in Australia, Brazil and Pakistan, drought in America and China, Snow in the UK. Â The global weather situation is terrible. Â It is a story everyone wants to ignore but it is having a massive effect on the worlds' economies. Â If you don't believe the weather is having an impact, think again. Read Full Article: The Business Insider
'The myopic view of the world by politicians, the mainstream media and the American public in general is breathtaking to behold. Depite the facts slapping them across the face, Americans believe cheap oil is here to stay.' Full story: Market Oracle
Three years ago China planned to lay 13,000kms of high-speed railway by 2020, more than the rest of the world combined. Then the Global Financial Crisis hit and Beijing brought that deadline forward by 8 years. China's bullet train project is ambitious and has generated millions of jobs and utilised millions of tonnes of Australian iron ore to produce the high-tensile steel for tunnels, bridges and tracks. More global high speed rail investment is needed to make cities more ...
A new study is set to reveal that if large corporations were made accountable for their environmental impacts then they would lose up to a third of their annual profits. http://www.guardian.co.uk/environment/2010/feb/18/worlds-top-firms-environmental-damage
It is an open secret that the downtown of Detroit, Michigan is as empty as the residential districts that surround it. As heavy fossil fuel reliant industries and products become increasingly redundant due to rising fuel costs from peak oil shrinking local economies will continue to make some cities redundant.
China's economy is continuing to grow despite the global recession, helped by a massive government stimulus package of $585bn.Â But doubts remain whether such strong growth can be sustained by public spending alone.Â Al Jazeera's Melissa Chan reports from Inner Mongolia, where a whole town built with government money is standing empty.
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