Fukushima Debris “Island” The Size Of Texas Near US West Coast

Fukushima Debris “Island” The Size Of Texas Near US West Coast

Tyler Durden on 11/06/2013 07:59 -0500

Fuku Marine Debris_0

While it took Japan over two years to admit the Fukushima situation on the ground is “out of control“, a development many had predicted for years, a just as important topic is what are the implications of this uncontrolled radioactive disaster on not only the local environment and society but also globally, particularly Japan’s neighbor across the Pacific – the US. To be sure, there has been much speculation, much of it unjustified, in the past two years debating when, how substantial and how acute any potential debris from Fukushima would be on the US. Which is why it was somewhat surprising to see the NOAA come out with its own modeling effort, which shows that not only “some buoyant items first reached the Pacific Northwest coast during winter 2011-2012” but to openly confirm that a debris field weighing over 1 million tons, and larger than Texas is now on the verge of hitting the American coastline, just west off the state of California. Read more of this post

Jimmy Carter works for global end to blindness caused by houseflies

Jimmy Carter works for global end to blindness caused by houseflies

Tue, Nov 5 2013

By Ransdell Pierson

Jimmy Carter

(Reuters) – As Jimmy Carter approaches 90, he is reaching for victory in a 15-year war against an infection spread by houseflies that blinds millions in developing countries and posed a threat to his own family and neighbors as a child on a Georgia farm. “Our goal is to eliminate blinding trachoma from the face of the earth by 2020,” the former U.S. president said during a visit on Tuesday to the New York headquarters of Pfizer Inc, which donates the antibiotic Zithromax used to treat the disease. Trachoma, the world’s leading cause of preventable blindness, affects more than 20 million people worldwide, of whom about 2.2 million are visually impaired and 1.2 million are blind, according to the World Health Organization. The disease is caused when houseflies, attracted to the moist eye, spread Chlamydia bacteria. It is spread further through contact with eye discharges on towels, fingers or other infected surfaces. Read more of this post

China’s Wealthy Heirs Demoralize Young

China’s Wealthy Heirs Demoralize Young, Xinhua Commentary Says

The children of China’s newly rich commit “offenses against social order” and represent a widening wealth gap that can only be addressed through political change, the official Xinhua News Agency said in a commentary. “Many offenses against social order by the second generation of China’s wealthy families in recent years have also demoralized the country’s social working spirit,” the commentary, which carried the bylines of three Xinhua writers, said today. “A widening wealth gap has appeared between cities and the countryside, different regions, jobs and groups of people.” Read more of this post

The uncomfortable truth in China’s property market: government is one of the biggest obstacles to the success of taming the market. State income is so entwined in the need for rising land prices that policy efforts to try to curb the house market create an inherent conflict of interest. Homes in cities such as Beijing are more expensive by some measures than Britain or Japan

The uncomfortable truth in China’s property market

5:09am EST

By Xiaoyi Shao and Koh Gui Qing

BEIJING (Reuters) – In defying four years of official cooling efforts, China’s soaring house prices reveal an uncomfortable truth: government is one of the biggest obstacles to the success of taming the market. State income is so entwined in the need for rising land prices that policy efforts to try to curb the house market create an inherent conflict of interest. With one hand on a patchwork of controls aimed at taming record house prices, governments with their other hand are at the same time selling land to developers at rising prices. Homes in cities such as Beijing are more expensive by some measures than Britain or Japan, a dismal outcome for a central government campaign aimed at making homes more affordable to Chinese. House prices in September rose nationwide at their fastest pace in three years. Read more of this post

Singapore Condos for Mainland Rich Funded by Bonds: China Credit

Singapore Condos for Mainland Rich Funded by Bonds: China Credit

Faced with curbs on luxury residences and fundraising at home, China’s biggest mainland-listed property developer is building apartments for wealthy Chinese in Singapore and raising debt in the city’s currency. China Vanke Co., which also plans developments in San Francisco and Hong Kong, sold S$140 million ($113 million) of four-year notes with a 3.275 percent coupon on Oct. 31, according to data compiled by Bloomberg. That’s a premium on the average 1.8 percent coupon for Chinese bonds in the currency. The yield on the company’s five-year U.S. dollar bonds fell 54 basis points since June, to 4.14 percent on Nov. 5, data compiled by Bloomberg show. Read more of this post

Cracks start to show in frontier markets

Cracks start to show in frontier markets

4:40am EST

By Carolyn Cohn

LONDON (Reuters) – Three years ago, a trip to the Southern Kenya production facilities of Canadian company Africa Oil attracted only seven potential investors. Two months ago, 60 boarded the flight. The investor trip, described by sales staff at Citi following a recent client conference, is just one illustration of the swelling interest in the most esoteric frontier markets. In a world of low yields and paltry growth, the attraction of frontier markets – the lesser developed emerging markets in Africa, Asia, Europe, the Middle East and Latin America – is pretty clear. Juicy returns, often huge natural resources and young populations provide a stark contrast to the ageing economic profile in the West. Read more of this post

18 Singapore counters losing half their market value or more in October penny stock fallout

18 counters routed in penny stock fallout

Wednesday, Nov 06, 2013

Jonathan Kwok

The Straits Times

The extent of last month’s penny stock carnage on the local bourse is beginning to become clear, with 18 counters losing half their market value or more in October. At the top of the list of losers are Blumont Group, Asiasons Capital and LionGold Corp – whose well-publicised routs helped spark the losses in the rest. Other stocks that fell sharply include specialist relocater Chasen Holdings and Sky One Holdings, which provides logistics services in Hong Kong and mainland China. “It was a domino effect,” said remisier Alan Goh. “When such a big event (the losses in Blumont, Asiasons and LionGold) occurs and the losses are there, the same players may have less risk appetite for other penny stocks.” Read more of this post

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