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Future Of Aviation For NASA Relies On New Key Strategies
[WATCH VIDEO: NASA Introduces Next Gen Air Transport System]
Brett Smith for redOrbit.com – Your Universe Online
NASA announced today that it is refocusing its aviation research programs with an eye toward increasing efficiency and safety while reducing costs and the industry's impact on the environment.
"This new vision puts all the pieces of the puzzle together," said Jaiwon Shin, NASA's associate administrator for aeronautics. "It very clearly and effectively makes the link between our research objectives and the nation's priorities, and does so in a way that provides a framework for organizing our efforts as we move forward."
The NASA officials began by analyzing current global trends with respect to aviation. One of these trends is the rise of the Middle Class among Asian countries. This trend is expected to create millions of new regular aviation customers in the coming years.
"As we looked at the numbers we were really struck by this particular trend," said Robert Pearce, NASA's director of strategy, architecture and analysis within the agency's aeronautics directorate. "With the growth of this middle class and the growth of cities – there's just so many people! And they are going to want, and now be able to afford, to fly like everyone else in the world."
With current trends in mind, the agency identified three major factors or "mega-drivers" that are expected to shape the future of global aviation. First, NASA said the industry can expect a significant growth in demand. Second, climate change issues and energy resource availability will affect costs and safety. Third, new technologies will enable faster flight and more efficient control of air traffic.
After defining major trends and driving factors, agency officials identified six areas of research for future investment. First, they are wanting to safely expand the global airspace system to accommodate growth in air traffic. Second, NASA plans to look at innovating 'low sonic boom' aircraft that could lead to permission for supersonic flight over land. The agency also plans to apply new innovations for commercial transport aircraft.
With an eye toward reducing emissions and fuel use, NASA officials said they plan to focus research on low-carbon propulsion. Finally, the agency said it plans to research more sophisticated safety systems and greater levels of automation in aerospace.
NASA officials said their refocused vision will allow for "game-changing improvements" in aviation in both the short-term and for years to come. They also expect to see a wide range of trailblazing industries and companies making forays into the world of aviation.
"We believe that in order for our nation to remain the aviation leader in the world, we have to change our approach as well or we are not going to be in a position to take advantage of these expected new global opportunities," Pearce said.
The NASA director indicated that his agency is moving forward with research that can benefit aviation on a global scale.
"It's not just about designing better airplanes or devising more helpful air traffic control management tools," Pearce said. "It's about how aviation, in partnership with other industries and other organizations in other parts of the economy, meets the global challenges of our day."


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ABERDEEN, Wash. (AP) -- The National Weather Service is now getting information from a new Doppler radar station on the Washington coast.
Workers erected the radar this summer on a tower near Copalis Crossing.
Forecasters say the radar will give them a better look at incoming Pacific storms and improve predictions of damaging winds and rains.
The only other Doppler radar station in Western Washington is on Camano Island and the Olympic mountains block its view of the ocean.
A Doppler radar station also is located in Spokane.

subset: commoncrawl


text: How does Ranger 124gr +P compare to HST 124gr +P? [Archive] - Glock Talk Glock Talk > The Armory > Caliber Corner > How does Ranger 124gr +P compare to HST 124gr +P? PDA View Full Version : How does Ranger 124gr +P compare to HST 124gr +P? ABNAK01-08-2010, 18:28Expansion and penetration-wise. I will shortly have both and was wondering how they compare to one another. glocksterr01-08-2010, 18:51your splitting hairs mate. ABNAK01-08-2010, 18:52your splitting hairs mate. That close in performance? I'll have to say that I'm quite pleased with that then! JBP5501-08-2010, 19:54your splitting hairs mate. I agree. Molon01-08-2010, 21:02The muzzle velocities and standard deviations of the two loads are nearly identical.<?xml:namespace prefix = o ns = "urn:schemas-microsoft-com:office:office" /><o:p></o:p> <o:p></o:p> http://www.box.net/shared/static/dmm7obp38p.jpg<o:p></o:p> <o:p></o:p> <o:p></o:p> <o:p></o:p> The accuracy levels of the two loads are very close.<o:p></o:p> <o:p></o:p> http://www.box.net/shared/static/ji1rkvdesc.jpg<o:p></o:p> <o:p></o:p> <o:p></o:p> The <?xml:namespace prefix = st1 ns = "urn:schemas-microsoft-com:office:smarttags" /><st1:place w:st="on"><st1:City w:st="on">Winchester</st1:City></st1:place> load is on Dr. Roberts recommended list for duty ammunition. While the 147 grain version of the HST is on his list, I havent seen the 124 grain +P version of the HST load on his list yet.<o:p></o:p> <o:p></o:p> http://www.box.net/shared/static/9gapcufk84.jpg<o:p></o:p> <o:p></o:p> <o:p></o:p> <o:p></o:p> unit106901-09-2010, 10:11The velocity figures given for both rounds seem a bit low to me. I usually carry Remington 124-grain Golden Saber +P because the standard pressure round is a bit anemic in the velocity department, and the +P version is rated at 1180 fps from a 4" barrel. I will be surprised if it's true the Ranger +P and HST +P in the same bullet weight are both slower than the Golden Saber +P. Molon01-09-2010, 12:12The velocity figures given for both rounds seem a bit low to me. I usually carry Remington 124-grain Golden Saber +P because the standard pressure round is a bit anemic in the velocity department, and the +P version is rated at 1180 fps from a 4" barrel. I will be surprised if it's true the Ranger +P and HST +P in the same bullet weight are both slower than the Golden Saber +P. Get a clue. Molon01-09-2010, 12:16Chronograph Data for 9mm Luger LE Loads (part 1) As we all know, the muzzle velocities that ammunition manufacturers advertise for their ammunition and the muzzle velocities that we actually obtain from our CCW or duty weapons are rarely the same. Most often the velocities from our carry weapons will be lower than that advertised by the manufacturers. It's not that the manufacturers are trying to deceive us. It's just that they tend to use "test barrels" to obtain their velocity readings. These test barrels usually have minimum spec SAAMI chambers and tend to be slightly longer the barrels typically found in carry weapons. These factors combine to give higher velocities than those from a typical carry weapon. For this test session I examined fifteen different 9mm Luger "LE" loads from three different manufacturers, in three different pressure ranges (standard, +P, +P+) in four different bullet weights. The SAAMI specification for the maximum average pressure for a standard 9mm Luger load is 35,000 PSI. The 9mm Luger +P (pronounced plus-P, indicating higher pressure) load is specified at 38,500 PSI. To my knowledge, there is no SAAMI spec for +P+ loads. Interestingly, the CIP (European standard) specification for the maximum average pressure of the 9mm Luger is 39,200 PSI. http://www.box.net/shared/static/8063k1twkc.jpg Four of the different bullet designs that were examined in this session: Federal HST Federal Hydra-Shok Winchester Ranger-T Speer Gold Dot http://www.box.net/shared/static/1dpv7nm8s8.jpg All of the loads examined for this session come loaded in nickel-plated brass cases as exemplified by the Winchester Ranger-T round shown below. (Note the alien pod-like appearance of the round. One can't help but wonder if the engineers at Winchester were subconsciously influenced by a certain science fiction movie.) In the Speer Gold Dot design, you can clearly see the petals of the copper jacket that extend over the mouth of the hollow point and down into the cavity of the hollow point. The Gold Dot design also leaves some of the lead core exposed at the mouth of the hollow point. The Gold Dot also utilizes a bonded jacket/lead core construction. The petals of the copper jacket in the Winchester Ranger-T bullet also extend down into the mouth of the hollow point, but have a tear-drop shape to them. As previously noted, the rim of the hollow-point on the Ranger-T is a series of semi-circular ridges. The Federal HST bullet has the most unique design of the bullets examined in this session. Note how the lead core at the mouth of the hollow point has water-drop shaped cut-outs. Also note the very long skives in the copper jacket that extend almost to the case mouth and the very deeply notched shape of the skives. Chronographing was conducted using an Oehler 35-P chronograph with "proof screen" technology. All velocities listed are muzzle velocities as calculated from the instrumental velocities using Oehler's Ballistic Explorer software program. All strings of fire consisted of 10 rounds each. I chose a 9mm SIG Sauer P229 with its traditionally rifled barrel as the test vehicle as a representation of a pistol that might be carried on duty or as a CCW piece. The barrel on the 9mm P229 is 3.8" long. The factory barrel used for testing had 200 rounds through it prior to the beginning of this test session. http://www.box.net/shared/static/ru5fnnocgw.jpg Atmospheric conditions were recorded on a Kestrel 4000 Pocket Weather Tracker. Temperature: 72 degrees F Humidity: 26.8% Barometric pressure: 30.03 inHg Elevation: 950 feet above sea level http://www.box.net/shared/static/e1quayj8k4.jpg The data. http://www.box.net/shared/static/1xbc4b808k.jpg ABNAK01-09-2010, 14:33Molon, You da man! Your posts are chocked full of real-time info. I've seen your handgun stuff here and rifle stuff on ARFCOM. Thanks. Obviously bullet design is what makes these rounds as effective as they are, given the published velocities. None of them are "screamers" per se like you might have seen manufacturers rely on back in the 90's to make a round open up properly. That is how Cor Bon got their notoriety (as well as using the gaping Sierra JHP's). Modern technology seems to have decreased the reliance on extreme velocities for success in bullet performance. Molon01-09-2010, 15:21Obviously bullet design is what makes these rounds as effective as they are, Yup. http://www.box.net/shared/static/t228tu7lwk.jpg Gold Dot http://www.box.net/shared/static/rg44cjokkg.jpg Ranger T http://www.box.net/shared/static/nkk7jo8mcs.jpg HST http://www.box.net/shared/static/7d6fea2zo8.jpg vBulletin® v3.8.7, Copyright ©2000-2015, vBulletin Solutions, Inc.


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Some say that in Hollywood, anything goes.
But for veteran actress and singer Bette Midler, Britney Spears' no-panty antics are too much to take.
On the Dec. 8 edition of the entertainment news show "Extra," the 61-year-old performer -- who has a 20-year-old daughter -- chastises Spears and fellow flasher Lindsey Lohan for their disregard of public decency, calling them "wild and woolly sluts."
Talking about how the stars have repeatedly flashed the paparazzi, the Divine Miss M jokes, "I'm wearing all the underwear that those girls are not wearing -- at least two bras and several pairs of panties."
"Get a life, get a grip," she continues. "I mean, someone should sit those ladies down."
Midler might like to know that Spears is on the road to recovery. After flashing her private parts three times in one week, generating scores of grotesquely detailed Internet images and a flurry of questions about her behavior, Spears announced yesterday that she would put on some panties.
The Web site of the onetime pop princess and recently separated mother of two greets fans with a sheepish apology: "Every move I make at this point has been magnified more than I expected, and I probably did take my newfound freedom a little too far. Anyway, thank God for Victoria Secret's new underwear line!"
Even if Spears covers up her bottom from now on, the pictures of her private parts and the ramifications of a flash-happy celebrity remain in the public consciousness.
For better or for worse, "The Britney Effect" is rippling through society.
People across the country are talking about Spears' crotch shots. Not surprisingly, much of what they have to stay isn't flattering.
Jonathan Tyson, 24, who was browsing in the Virgin Megastore in New York's Times Square, says that when he saw the photos of Spears online, he thought, "There she goes again. … Another publicity stunt."
Unlikely as it seems, three other men in their 20s say they hadn't seen the uncensored Spears' photos and didn't want to.
"I saw the censored version, and that was plenty," says Brian Pursley, a 24-year-old from Ohio. "I have no desire to see K-Fed's used goods."
Most believe Spears began to fall when she hooked up with backup dancer Kevin Federline.
What was once seen as rebellion is now seen as "trashy, slutty and sickening" by many people.
"I think she's lost her mind," says Amy McSherry, 32, from Florida. "Something snapped."
McSherry, the mother of a preteen daughter, worries about the effect of Spears' and other young celebrities' behavior.
"Girls have followed [Spears] from when they were little, like we did with Madonna in the '80s," she says. "They want to dress like them, be like them."
As if parents didn't have enough to worry about with midriff-baring tops and G-strings peeking out from pants, what if girls suddenly thought not wearing underwear was cool?
Psychoanalyst Bethany Marshall thinks it's a trend that could happen.
"They may say, 'I can rebel against society. I don't have to wear underwear, I can do whatever I want to do,'" she says.
Dan Giddings, a 24-year-old from Ohio who says he hadn't bothered to look at the photos of Spears' privates, admits that guys around his age expect women to look "sexier and sexier."
"It's not necessarily a good thing," he says.


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Special Correspondent
KADAPA: NCC cadets of the 24th NCC Battalion at Nellore won the volleyball competition and those of the 29th battalion in Tirupati won the drill competition in the seniors category at the ongoing NCC annual training camp here on Wednesday.
In the junior category, D. Rajeswari of 30 Andhra NCC Battalion, Kadapa topped in essay writing and S. Jaffar Basha of 35th battalion at Chittoor came second.
T. Ashok Kumar and D. Rajeswari, both of Kadapa Battalion, bagged the first and second place in elocution competition in the juniors category.
NCC cadets were trained on bayonet fighting under the supervision of B.H.M. Sridhar Reddy.
NCC Camp Commandant Colonel Athar Singh, Deputy Camp Commandant Lieutenant Pushpa Giridhar and NCC officers Captain C. Vijayabhaskar, Lieutenant Obula Subba Reddy, in-charge officer Srinivasa Raju, Third officer Maniprakash and Hawaldars Maruthi and Naidu take part in the NCC training camp here.


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# tensions - Today's News
Everything you need to know to eat as well as an Italian this week
Have a delicious, authentic Italian experience at home with Lidl.
# tensions - Friday 24 April, 2015
Enda says a full inquiry into Siteserv would take quite a long time
More documents released under FOI show that Siteserv was not the only issue of contention between the department and IBRC.
# tensions - Tuesday 27 January, 2015
Two rockets fired from Syria hit Israel, says army – so they're returning fire
Israel responded with artillery fire.
# tensions - Sunday 4 January, 2015
North Korea is really unhappy with the US over those new sanctions
North Korea said the US is focused on 'inveterate repugnancy and hostility'. Ouch.
# tensions - Thursday 27 November, 2014
Dáil suspended three times IN ONE HOUR as Burton and SF clash on abuse claims
Sinn Féin reacted angrily to sex abuse comments made by the Tánaiste.
# tensions - Thursday 13 November, 2014
Ukraine back on the brink amid claims Russia is arming rebels
Russia says that the claims are "propaganda".
# tensions - Thursday 9 October, 2014
Off-duty Missouri police officer fires 17 shots killing teen – police say he fired first
St. Louis Police say the deceased man fired at the officer first.
# tensions - Thursday 2 October, 2014
Nurses and midwives hit out at 50% hike in registration fee
The rise in the fee is related to costs incurred through the implementation of the Nurses and Midwifes' Act of 2011.
# tensions - Saturday 27 September, 2014
Explainer: What is happening with the Islamic State group?
Why has there been a spate of beheadings? What should the group be referred to as? Has the West just gone to war with them?
# tensions - Wednesday 3 September, 2014
Irish farmers show their beef with factories and retailers in McDonald's protest
Members of the Irish Farmer's Association gathered outside the McDonald's in Kilkenny to protest cuts to their income.
# tensions - Thursday 28 August, 2014
Ukraine accuses Russia of "direct invasion", Russia says there are no troops in Ukraine
Ukraine's ambassador to the OSCE said that Russian troops were in the east of the country.
# tensions - Wednesday 27 August, 2014
The west says Russian troops are in Ukraine
If true, that's not good.
# tensions - Tuesday 26 August, 2014
Ukraine captures Russian paratroopers, but Moscow says they crossed border "by accident"
"I didn't even see when we crossed the border," one soldier said, in footage posted online…
# tensions - Saturday 23 August, 2014
"Time for peace" as Russian convoy returns from Ukraine
German Chancellor Angela Merkel is in talks with Ukraine's President.
# tensions - Monday 18 August, 2014
Israel destroys West Bank homes of three Palestinians suspected of murdering teenagers
The abduction and killing of the three men partly led to the deadly upsurge in violence last month.
# tensions - Saturday 16 August, 2014
Ukraine tensions rise as Russian aid waits at border
Ukraine claims it destroyed a Russian military convoy.
# tensions - Friday 15 August, 2014
91-year-old man returns Holocaust medal after his relatives were killed in Gaza
Henk Zanoli and his family were given the award for shielding a Jewish boy from the Nazis during World War II.
# tensions - Tuesday 29 July, 2014
Explainer: What is happening in Gaza?
Lost in the media coverage of the ongoing conflict? Let us fill you in.
# tensions - Saturday 26 July, 2014
US shuts its embassy in Libya and evacuates staff amid violent clashes
A spokesperson said the decision to leave the embassy had not been taken lightly.
# tensions - Thursday 24 July, 2014
Doctors condemn Gaza violence as death toll rises
Airports in Israel have reopened today.
# tensions - Monday 21 July, 2014
UN Security Council calls for "immediate truce" in Gaza
UN Secretary General Ban Ki-Moon called on Israel to show "maximum restraint".
# tensions - Wednesday 16 July, 2014
A Palestinian describes what life is like under Israeli bombardment
Mohammed Suliman lives in Gaza City and told us what the city is like.
# tensions - Tuesday 15 July, 2014
Israel accepts Egyptian peace deal, but Hamas rejects it
The death toll has now reached 186 in the last week.
# tensions - Monday 14 July, 2014
Russian missile system used against Ukraine, Poroshenko claims
Russian state TV said that Ukrainian troops "crucified" a three-year-old boy.
Israeli aircraft continue to strike Gaza as rockets fired from Syria and Lebanon
Palestinian president Mahmoud Abbas has asked the UN to protect the Palestinian state.
# tensions - Friday 11 July, 2014
Condemnation after lynched figure depicting Gerry Adams placed on loyalist bonfire
Gerry Adams has condemned the figure's appearance as "deeply offensive".
"They beat me with their fists, a chair, anything they could find. They stubbed out cigarettes on my leg and electrocuted me."
Amnesty International says the bulk of the kidnappings are carried out by pro-Russian rebels.
# tensions - Thursday 10 July, 2014
Israeli air strikes kill 20 more people in Gaza
The deaths bring to 70 the number of Palestinians killed since Tuesday.
# tensions - Wednesday 9 July, 2014
28 dead as Israel pounds Gaza Strip
The death toll has risen since Israel began air strikes on the region.
# tensions - Friday 4 July, 2014
Israel moves forces to border as rockets fired from Gaza
Israel said the show of force on the Gaza border was a defence measure.
# tensions - Thursday 3 July, 2014
Riots, tension, and fears of retaliation as killing of Palestinian teenager sparks rioting
"The current spiral of violence, loss and suffering must stop now," said the head of the Red Cross.
# tensions - Saturday 28 June, 2014
# tensions - Tuesday 24 June, 2014
John Kerry makes unannounced trip to Iraq's Kurdish region as country teeters on the brink
There is an increasingly urgent diplomatic push to stop Iraq from tearing apart.
# tensions - Saturday 21 June, 2014
Russia orders troops to be on "full combat alert"
Moscow is concerned Ukraine is stepping up its military operation against pro-Russian rebels despite having called a unilateral ceasefire, Foreign Minister Sergei Lavrov said.
# tensions - Friday 20 June, 2014
14-year-old Palestinian boy shot dead by Israel army during search for missing teenagers
The soldiers had been carrying out arrests as part of the arrest to find the three teens believed to have been abducted by Hamas.
# tensions - Monday 16 June, 2014
Israel arrests Palestinian politician in giant manhunt for kidnapped teenagers
More than 150 Palestinians have been arrested in the search for the three teenagers who were snatched from a settlement on Thursday night.
# tensions - Friday 30 May, 2014
Second European team of monitors reported missing in eastern Ukraine
The Organisation for Security and Cooperation in Europe said that it had been unable to establish contact with four of its monitors.
# tensions - Wednesday 28 May, 2014
Ukraine troops killed as president promises to meet Putin
Putin has rejected the legitimacy of the interim team that rose to power in February and not been reported to have spoken to any Ukrainian official since the Kiev uprising.
# tensions - Tuesday 27 May, 2014
Dozens dead as Ukraine reclaims Donetsk airport
"The airport is under our full control. The enemy suffered heavy losses. We have none," Interior Minister Arsen Avakov said.
# tensions - Monday 26 May, 2014
Petro Poroshenko set to win Ukraine's presidential election
In early returns it's suggested candy tycoon Petro Poroshenko will be elected president of Ukraine.
# tensions - Thursday 22 May, 2014
Pro-Russian rebels kill 17 Ukrainian troops ahead of vote
A toll puts the number of dead in violence in the east of the country at 140.


text:
These statements have not been evaluated by the Food and Drug Administration (FDA). These products are not meant to diagnose' treat or cure any disease or medical condition. Please consult your doctor before starting any exercise or nutritional supplement program or before using these or any product during pregnancy or if you have a serious medical condition.
Each Teaspoon (5 ml) Contains:
Vitamin C (ascorbic Acid) 25 mg
Sardine and Anchovy Oils 1277 mg
EPA (Eicosapentaenoic Acid) 250 mg
DHA (Docosahexaenoic Acid) 187.5 mg
Wild Berry and Apple Concentrate 500 mg
Anthocyanins 15 mg
Contains - Concentrated pineapple and orange juices' oligosaccharides' water' fructose' mango and banana puree' natural pineapple and vanilla flavors' alginate' acacia gum' natural mixed tocopherols' sunflower oil
Does Not Contain -
wheat' yeast' gluten' salt' sucrose' artificial coloring or flavoring' preservatives or dairy by-products
(Recommended Adult Dose) Take two (2) times daily with meals or as recommended by your health care practitioner.
Consult your healthcare professional.
Allergy / Dietary Needs
- Artificial Color Free
- Artificial Flavor Free
- Dairy Free
- Salt Free
- Sucrose Free
- Artificial Preservative Free
- No Added Wheat
- No Added Yeast
- No Added Gluten
Ratings & ReviewsReview This Item
Overall Rating for Berry EFA Plus - 10 fl. oz (300 ml)
Displaying reviews 1-1 of 1
By tricia
from oregon
my kids take it great!
all four of my kids have taken this EFA well. It seems to help my baby be happier with a strong immune system and improve his sleep cycles.
good price easy for kids to take
√ I would recommend this item to a friend.
Displaying reviews 1-1 of 1
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"This baby boy shower invitation was so different and so much more fun than the other usual pastel blue invites! I have received positive comments on them from the guests invited and the parents of the baby really liked them also-because their son is their SUPER HERO!"
"After scouring the internet, I decided on these. I needed something last minute and it had to look perfect. The colors perfectly match the mom to be's color palette she chose for the nursery. It was so easy to edit and personalize it! I easily changed the wording and I love how I could change the font and colors for every line. They make it simple so you can't mess it up and it ends up being your own creation in the end. Being able to see what it looks like every time you make changes really helps in designing it to be your own. I was nervous production and shipping would take a while, but much to my surprise they arrived at my door a couple days after ordering! They are very thick and sturdy, not what I was expecting at all. They look beautiful and professional without spending a fortune. I absolutely love them and I know the mom will too! I highly recommend this product and company and I will be using tiny prints in the future."
"I ordered these cards for my baby shower and couldn't be happier with my purchase. The cards were so beautiful, I ordered them with the pearl white shimmer paper and the pearl white envelopes, it was a little extra but so worth it. The paper is of great quality and thick and the envelopes were just so nice to match. Everyone has complimented me on the cards and how beautiful they are. I ordered standard shipping and they arrived almost a whole week ahead of the scheduled date. I will be ordering my Thank You cards and many other things from Tiny Prints!!!"
"I purchased this invitation for my upcoming baby shower and EVERYONE LOVES IT!!!! It was super easy to customize and delivery was fast!"
"We upgraded this invitation to the luminescent paper, it looks so nice! Got many compliments on how cute/adorable the cards are. Totally recommend this item."


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In a major boost for bilateral trade between China and Nepal, a second cross-border trading route has come into operation in Tibet, allowing the communist trading giant to expand its trade with South Asia. China yesterday officially opened the Gyirong Port on the Rasuwagadhi border in Nepal, the second land route for bilateral trade, state-run media reported. Operation of the port means a solid foundation for China to build the South Asia trading area and it will help to promote trade between China and South Asian countries in the near future.
Crete will be the energy hub for EastMed Pipeline
Crete is considered to play a key role on energy scene, as East Med Pipeline will be extended to Cyprus, Crete, then in western Greece, the Peloponnese and Epirus and would come eventually the Greek-Italian pipeline IGI (Interconnector Greece-Italy). The Eastmed pipeline is a reliable alternative solution for the extraction of natural gas from SE Mediterranean to European countries. This is proven by the strong European interest in creating a new energy corridor.
Asian demand for crude to drive switch to renminbi
The increasing demand for crude in Asian countries such as China was enough reason for the region to prepare to pay for trade in the Chinese currency renminbi, an HSBC official said. Georges Elhedery, HSBC head, Global Banking and Markets, noted that the region was slow to adopt RMB since trade between the Middle East and China was still highly dependent on the greenback. The Middle East has been slow in adopting RMB but we're starting to see a shift in the region towards the Chinese currency.
Capital of Kurdish Iraq goes from backwater to boomtown as it fights to achieve independence
While the rest of Iraq has remained mired in violence, stability has allowed oil wealth to drive growth here. Representatives of the Kurdistan Regional Government (KRG) note that no Westerners were killed in the region during the U.S. occupation. If Kurds controlled their own oil — 45 billion barrels of which they say lie under their soil — they believe they could do even more. Over the past decade the KRG has made a series of escalating gambles to develop their oil, with Baghdad opposing every move.
Energy tops list of China's 8 billion dollar deal with Myanmar
China and Myanmar pushed cooperation forward on Friday, introducing an energy liaison committee and signing more than a dozen deals relating to energy, finance, infrastructure and agriculture. The strides were made as China has pressed ahead with its ambitious initiatives to fuel Asian growth by focusing on free trade and connectivity. After some frustrations involving Chinese investment in the country's infrastructure over the past few years, Myanmar's government is seeking to reassure Beijing that it is welcome.
Italy sees nationwide protests against labour market reforms
Italy was rocked by nationwide protests on Friday as trade unions, students and migrants staged strikes and rallies in more than 20 cities against labour market and other reforms. Prime Minister Matteo Renzi wants to make it easier for firms to hire and fire workers but has also pledged more generous unemployment benefits. Skirmishes with police were reported in other cities, including Milan, Padua and Turin, while in Naples and Genoa, protests led to major road closures.
'Violent' stock market crash could be round the corner warns think-tank
The Bank of International Settlements said that suspiciously low levels of volatility in the markets seen this year suggest a lack of liquidity that could trip up investors who assume they can dispense of assets when a sell-off begins. Guy Debelle of BIS said global investors were buying assets on the misguided presumption of liquidity that does not exist and that in a possible sell-off, volatility and price movements 'will be exacerbated by the reduced capacity and inventory of market makers'.
Ukraine Bonds Sink as Risk of War in East Stokes Default Concern
Ukrainian bonds slumped the most since March as the threat of open war in the nation's east deepened concern the government will struggle to repay debt. The International Monetary Fund has warned that a $17 billion bailout may not be enough to keep the former Soviet republic of 43 million people afloat. The conflict will deepen the recession, deplete foreign-currency reserves and weaken the hryvnia, JPMorgan Chase & Co. said in a report yesterday.
Supply-chain suffers as oil majors battle price plunge
Belt-tightening by big energy majors faced with plunging oil prices is battering the finances and share prices of their suppliers, as investors reassess the sector's ability to keep gushing cash. A growing list of delayed or canceled projects, seen by some investors as a healthy move by majors to rein in capital spend after a poor history of returns is working its way through corporate earnings; it has already pummelled the share price of some European suppliers seen as financially fragile.
China hoarding gold to challenge U.S. dollar
Some market participants also believe China is building up its gold reserves to challenge the U.S. dollar, which is currently the world's reserve currency. A few years ago, China's official news agency, Xinhua, said, "International supervision over the issue of U.S. dollars should be introduced and a new, stable and secured global reserve currency may also be an option to avert a catastrophe caused by any single country." Gold already plays a significant role in China's economy.
Beijing $40 billion offer to revive the historic Silk Road, starts Central-Asia geostrategic competition
The "Silk Road Economic Belt" initiative, announced by Xi Jinping in 2013, is designed to allow capabilities of Chinese state-controlled construction companies to further expand its already booming trade with central Asia and Europe by diversification of Chinese trade routes, lowering transportation costs, opening up new markets, and an expansion of the Chinese sphere of influence beyond Asia. It will also secure the supply of Uranium and rare metals from Central Asia.
Strike Back: Russian government may ban circulation of US dollar
Russia may ban the circulation of the United States dollar. The State Duma has already been submitted a relevant bill banning and terminating the circulation of USD in Russia, APA's Moscow correspondent reports. If the bill is approved, Russian citizens will have to close their dollar accounts in Russian banks within a year and exchange their dollars in cash to Russian ruble or other countries' currencies. Otherwise their accounts will be frozen and cash dollars levied by police, customs, tax, border, and migration services confiscated.
U.S. Returns Fire in Saudi Arabia's Oil War
One day after Saudi Arabia declared war on U.S. oil producers by lowering prices in an attempt to dump cheap crude in the US market, the White House and private oil companies responded. White House spokesman Josh Earnest said that the U.S. is monitoring the global oil supply and demand situation. Then, later in the day, the Wall Street Journal reported that BP is going to export ultra-light crude without the permission of the U.S. government in a move that not only starts to breakdown the US export ban, but also is a direct challenge to OPEC.
Myanmar: Run on Bank Owned by Son of Aung Thaung
The US blacklisting of senior ruling party member Aung Thaung has caused concerns among clients of United Amara Bank, which is owned by his son Nay Aung, and on Tuesday an unusually large amount of money was withdrawn, a bank representative said. The bank's CEO Than Win Swe said that after the US Treasury Department announced on Friday that Aung Thaung's personal assets were being targeted for sanctions, a rumor began to spread that United Amara Bank (UAB) would also be affected.
Qatar to become Middle East clearing hub for China's yuan
"The signing of the MoU and the appointment of the renminbi clearing bank will increase the strong ties between China and Qatar and position Qatar as the regional centre for renminbi clearing and settlement," the Qatari central bank said. Seeking to promote global use of the yuan, China has in the past two years appointed clearing banks for Taiwan, Singapore, London, Frankfurt, Paris, Luxembourg and Seoul. Hong Kong and Macau had clearing banks earlier; Sydney is expected to join the list under a deal to be signed later this month.
China and 20 other countries sign MOU on regional bank
China and 20 other countries moved forward towards setting up an Asian infrastructure lender seen as a counterweight to Western-backed international development banks. The signatories put their names to a memorandum of understanding to establish the Asian Infrastructure Investment Bank (AIIB) at a ceremony in the Great Hall of the People in Beijing. It is intended to address the region's burgeoning demand for transportation, dams, ports and other facilities, officials say.
Hungary set to bypass EU over South Stream with law amendment
Ever since Hungary's Prime Minister Viktor Orbán sat to the negotiating table with Gazprom's CEO Alexei Miller, the number of Hungarian steps putting the Russian gas giant in an advantageous position and supporting Russian interests have oddly increased. First Hungary shut down reverse gas flow to Ukraine, then allowed Gazprom to stash its gas in local gas storage units. The latest measure is a law amendment proposal that would give Hungary the green-light to start building the South Stream pipeline.
Currency Wars Evolve With Goal of Avoiding Deflation
Currency wars are back, though this time the goal is to steal inflation, not growth. Brazil Finance Minister Guido Mantega popularized the term "currency war" in 2010 to describe policies employed at the time by major central banks to boost the competitiveness of their economies through weaker currencies. Now, many see lower exchange rates as a way to avoid crippling deflation. Weak price growth is stifling economies from the euro region to Israel and Japan.
Belarus Wants to Criminalize Unemployment With Forced Labor As Punishment
Taking an old-school approach to battle the woes of modern capitalism, Belarussian President Alexander Lukashenko has endorsed a legislative ban on unemployment. "You want to bring back [the phrase] 'social parasitism,' do it. That would be easier for the people to understand," Lukashenko was cited as saying at a governmental meeting on employment. His comments were made during a discussion of the Belarussian police's proposal to punish people who "intentionally don't work," including by imposing forced labor.
Tamar to supply Israeli gas to Egyptian market
The partners in the Israeli Tamar gas field report this morning that they have signed a memorandum of understanding with Egyptian company Dolphinus Holdings for the export of up to 2.5 BCM of surplus natural gas from Israel to private Egyptian industrial customers, over a period of seven years. The gas will be transported via the Israel Natural Gas Lines system to Ashkelon, and from there to Egypt via the EMG (East Mediterranean Gas) pipeline.
Greece Returns to Market Spotlight With Nosedive
After months out of the spotlight, Greece was back at the center of Europe's financial troubles on Wednesday, when concerns over the stability of the government and its bailout program triggered a massive sell-off in stocks and bonds. Greece's main stock index closed 6.3 percent lower having traded down as much as 9.8 percent lower earlier in the day. Following a 5.7 percent loss on Tuesday, that brings the index to its worst level in 14 months.
The Waning Phase Of Globalization Has Begun
The economic slump has slowed the globalization process, but it's not just cyclical. As alliances crack and problems spread, the interconnected world system may have just maxed out. The economic downturn has shown the need to reform multilateral financial institutions (the IMF and World Bank, especially), though there has been little progress so far. Meanwhile, emerging powers such as China and Russia are promoting alternative mechanisms (direct loans or currency swaps) to resolve crisis situations outside the multilateral system.
Rival Kremlin Factions Feud Over Russia's Economy
One faction, centered around Prime Minister Dmitry Medvedev, is concerned about Russia's increasing alienation from the global financial system, the officials say. The other group—which includes Putin's chief of staff, Sergei Ivanov, veterans of the security services, and heads of state companies such as Igor Sechin of oil giant Rosneft favors greater state control over the economy. "The long-running conflict between rival pro-Putin camps has elevated to war," says Stanislav Belkovsky, a Kremlin adviser.
Mass default looms as world sinks beneath a sea of debt
As if the fast degenerating geo-political situation isn't bad enough, here's another lorry load of concerns to add to the pile. The UK remains the fourth most highly indebted major economy in the world after Japan, Sweden and Canada, with total non financial debt of 276pc of GDP. The US is not far behind with debt of 264pc of GDP. However, the real stand-out is China, which since the crisis began has seen debt spiral from a very manageable 140pc of GDP to 220pc and rising.
Is Samaras Resorting to 'Bank Run' Threats?
New Democracy MP Adonis Georgiadis recently announced that, should the current coalition government fall and SYRIZA rise to power, he will immediately withdraw all his money from the bank. At any other time, a statement of that sort would sound merely colorful. But given the fragile, fragmented nature of Greece's banking system, Georgiadis's words border on the incendiary. His threat also sounds uncannily similar to those old slogans the Greek right used to feed to their electorate: "If the Communists take power, they will take your homes."
China's New Export: Military in a Box
At the Africa Aerospace and Defence expo in September, weapons buyers from across the continent descended on Air Force Base Waterkloof in the South African capital of Pretoria for a bit of shopping. There they were wooed by Chinese defense gear giant Norinco, which has honed its pitch to an art. Norinco has even devised a novel way to make buying weapons easier: It bundles together starter kits of basic defense gear—everything from rifles to howitzers, laser-guided bombs, armored personnel carriers, tanks, and drones—for governments that want to quickly outfit their armed forces.
Moody's says private security firm Academi is cash-strapped post-acquisition
An acquisition that brings together leaders in the private security industry also leaves the combined company strapped for cash — but still stable, according to one rating agency. The deal announced in June united McLean-based Academi Holdings LLC with Triple Canopy in Reston and a few other global security companies, creating a company with estimated annual revenue of about $800 million, according to Moody's Investors Service. But it also leaves liquidity dangerously tight, Moody's says. C
Turkmenistan Becoming Regional Railway Hub
Buoyed by its rising hydrocarbon revenues, Turkmenistan is using some of that income to reduce its geographical isolation by upgrading and expanding its railway network while linking it to those of its neighbors. The most recent development is an Iran-Turkmenistan-Kazakhstan railroad. A second project is a Turkmenistan-Afghanistan-Tajikistan rail line. If carried through, the rail lines, will transform Turkmenistan into a gateway for imports and exports from post-Soviet Central Asian nations, breaking Russia's traditional monopoly.
Why Europe's Super Rich Are Resorting to Smuggling Cash
Under pressure from the United States and the European Union, these countries are warning their customers that if they don't declare their bank accounts to the taxman in the countries where they live, they threaten to do it for them. That, or issue a cheque for the amount they hold followed by the closure of their account – but a cheque is no good for individuals who would have to use it to open another account, thus flagging up to fiscal authorities that which they want to hide in the first place.
French farmers torch tax office in Brittany protest
French vegetable farmers protesting against falling living standards have set fire to tax and insurance offices in town of Morlaix, in Brittany. The farmers used tractors and trailers to dump artichokes, cauliflowers and manure in the streets and also smashed windows, police said. The farmers say they cannot cope with falling prices for their products.About 100 farmers first launched an overnight attack on an insurance office outside Morlaix, which they set light to and completely destroyed, officials said.
Dhaka to join China's Asian investment bank
China had revealed its plan last year to create an Asian Infrastructure Investment Bank (AIIB) with a capita of $100 billion. The emerging power will inject half of the total capital. This year, it invited Bangladesh to join as its founder-member.
Though Beijing has sought to downplay the politics behind it, analysts say it will extend its financial reach and compete with the World Bank and the Asian Development Bank, which are heavily dominated by Japan. China has lesser voting power than the US, Japan, and the UK as a World Bank member.
'Scotland has £1 trillion of energy on tap'
As much of Europe focuses on whether Scottish voters will choose to leave the U.K., a key aspect of the debate is the extent to which energy wealth would — or would not — sustain an independent country. Scotland will vote in a country-wide referendum Thursday either to stay part of the U.K. or reclaim its independence after 307 years. Most of the North Sea's oil and gas reserves lie north and east of Scotland, and those resources have continued to fuel the Scottish people's hopes of independence since their discovery in the 1960s.
Scottish independence could leave UK economy in crisis
The UK economy could be on the verge of a crisis if Scotland votes for independence in a referendum on September 18, with a London-based consultancy already reporting that almost £17 billion has been pulled out Britain in the last month. Described as the worst economic crisis to hit the country since the credit crunch of 2008, the information released by CrossBorder Capital comes after major banks, oil companies and supermarkets began voicing concern about Scottish secession amid uncertainty over the currency and a central bank.
China, Russia to build one of the largest seaports in northeastern Asia
China and Russia will build one of the largest ports in northeast Asia on Russia's Sea of Japan coast, reports said, in a further sign of the powerhouses' growing alliance. The seaport is expected to be able to handle about 60 million tonnes of cargo a year. That's comparable to Britain's busiest port Immingham or Le Havre in France, according to European Commission statistics. The facility will be located in far eastern Russia, just 18km from the Chinese border. The region is also close to North Korea.
Asian trading shifts make Suez, Panama canals less important
Projects to expand the Suez and Panama canals are being talked up as the biggest upheaval for decades in global maritime traffic, but experts say they could be outflanked by a trade shift towards Asia. "These days most imports of coal, iron ore and oil are dominated by China, India, Japan and they do not require using any of the canals. The Suez Canal remains "fundamental for all Middle East Gulf to Europe crude oil trades… but even there it's losing importance.
Independent Scotland could not join EU without central bank, expert says
The former EU commissioner for monetary union said it would not be possible for an independent Scotland to join the EU if it used the pound without a formal currency deal or its own central bank. Olli Rehn, who stood down in July as the European commissioner for monetary union and the euro, wrote to Danny Alexander, the chief secretary of the Treasury, this week to say having a central bank was an essential requirement of EU membership. With the vote due in just over two weeks, it showed support for independence at 47%.
Taiwan to spend US$2.5b on anti-missile systems
The defence ministry aims to purchase the locally-made Tien Kung 3 (Sky Bow 3) surface-to-air missile system between 2015 and 2024 to replace the ageing Hawk missile systems, said lawmaker Lin Yu-fang of the parliament's defence committee. This will be the biggest procurement of domestically-made weapon systems in recent years. The Tien Kung 3 surface-to-air missile system, developed by Taiwan's Chungshan Institute of Science and Technology, is designed to counter tactical ballistic missiles for air defence missions and missile interception
Ten more countries that may default on debt after Argentina
Argentina is not the only country that has struggled to pay its debt recently. There are 10 other countries currently on Moody's lists with a rating of Caa1 or worse, meaning they are at risk of default. Ecuador, Egypt, Pakistan, Venezuela, Belize, Cuba, Cyprus, Greece, Jamaica and Ukraine are all on the verge of a default, according to Moody's ratings. Moody's currently rates the country's economy as stable and it is predicted that it will continue its healthy trend set in the past six years.
Western sanctions push Russia, China closer; hurt dollar
By forcing Russia to conduct more business in the yuan and other Asian currencies, the U.S. may be speeding up the end of the petrodollar and giving China more prominence on the world stage. As the West tightens financial sanctions against Russia, Russian businesses are reducing their exposure to the dollar to minimize the damage from still tougher punishments. Many of these businesses have turned to the Hong Kong dollar as an alternative to the greenback.
Strategic alliance with Bangladesh, India and Myanmar to exploit sea resources
C Raja Mohan, who is the head of strategic studies and distinguished fellow at the Observer Research Foundation in New Delhi, recently at a lecture in Dhaka had mooted the idea to form a trilateral group. On Tuesday at a roundtable on 'blue economy', the idea also came up from the private sector who believed Bangladesh should have a "strategic partnership alliance" with India and Myanmar to exploit sea resources. It gave hope of extracting "plenty of resources" beneath the Bay of Bengal that Bangladesh considers its "third neighbour".
Hungary seeks EU alliance to push closer ties with Russia
Hungary Prime Minister Viktor Orban on Monday said he would seek to form a political alliance to stop the European Union pulling away from Russia over the crisis in Ukraine. "The EU gets further away from Russia every day. That's not only bad for Hungary, but for the entire EU," Orban told Hungarian ambassadors in Budapest. "We will have to seek the company of those EU member states who are interested in slowing and stopping this separation process," he added, without naming any specific countries.
Jordan to import natural gas from Gaza field
Jordan and the Palestinian Authority have agreed in principle to start negotiations for Jordan to purchase natural gas from a field recently discovered off Gaza's coast. In a statement to Anadolu news agency, the chairperson of the energy committee in the Jordanian parliament, Gamal Qumwa, explained that the preliminary agreement includes supplying Jordan with 150 cubic feet of natural gas from Gaza's field. He pointed out that this quantity would cover 50 per cent of Jordan's natural gas needs, which ranges from between 300 to 350 cubic feet per day.
Venezuelan President Announces Mandatory Fingerprinting at Grocery Stores
Venezuelan President Nicolas Maduro announced Wednesday that the country will introduce a mandatory fingerprinting system in supermarkets. He asserted that the plan will keep people from buying too much of any single item. The president did not say when the measure would go into effect, the Associated Press reports. The Socialist Venezuelan government has struggled with food shortages for over a year. Basic cooking items like oil and flour are scarce.
Guam is Strategic Hub to Asia-Pacific Rebalance
Guam, because of its military bases, Army anti-ballistic missile system and location 3,300 miles west of Hawaii is an increasingly important strategic hub for the U.S. Asia-Pacific rebalance, Deputy Defense Secretary Bob Work said today. "We're going to have 60 percent of the Navy out in the Pacific and we're going to have 60 percent of our combat air forces out in the Pacific," he said. "But it's not just about military things. The other part of the rebalance involves an initiative called the Trans Pacific Partnership.
Peru fights gold fever with fire and military force
After years of ignoring the frantic gold rush fouling the Amazon forests of southeastern Perú's Madre de Dios region, the government has launched a no-mercy campaign to crush it.It has sent police and soldiers on dozens of helicopter raids, swooping down to blow up equipment and burn mining camps. It has cut fuel supplies to Madre de Dios in an attempt to choke off the miners' generators, motorbikes and diesel engines, saying per capita fuel consumption in the region is 10 times the national average because their machinery runs round-the-clock.
Canada's Controversial Engagement in Honduras
Canadian mining corporations have a deep-rooted interest in keeping Honduran regulatory mining laws weak. These interests were threatened, however, when left-of-center candidate Manuel Zelaya was elected in 2006. Shortly after taking office, Zelaya announced his plans to reform the mining sector by restricting foreign mining companies in Honduras, distinguishing himself as a leader of an anti-foreign mining viewpoint. In May 2009, only a month before the armed forces ousted Zelaya, the Honduran Congress drafted a new mining bill.
Spanish public debt tops one trillion euros
Spain's public debt has topped one trillion euros ($1.3 trillion) for the first time, despite years of government-imposed austerity. The nation's accumulated public debt mushroomed to 1.007 trillion euros at the end of June from 996 billion euros a month earlier, the Bank of Spain said in a report. Prime Minister Mariano Rajoy's government has struggled to contain annual deficits by raising taxes, freezing public salaries and curbing spending on services such as education and health care despite angry street protests.
China Restores 1,344km Copper Rail Line for Angola to Atlantic port of Lobito
The 1,344-km Benguela railway is the second-longest railroad built by Chinese overseas, shorter only than the 1,860-km Tanzania-Zambia Railway built in the 1970s. It will be the longest and fastest track in the southwestern African country of Angola, said Liu Feng, head of China Railway Construction's Angola railway project. It connects Angola's Atlantic port of Lobito to the eastern border town of Luau, and further to the rail network of southeastern Africa's Democratic Republic of Congo.
LAPSSET: Kenya signs massive $478 million Lamu ports deal with Chinese firm
It is part of a bigger project known as LAPSSET (short for the Lamu Port South Sudan-Ethiopia Transport Corridor) that includes not only a giant seaport to relieve Kenya's overstretched port at Mombasa, but also roads, a 1,500km railway, an airport and a refinery. The $24bn scheme, due to be finished by 2030, is intended to give much of landlocked east Africa access to the Indian Ocean, with oil pipelines to South Sudan and railways to Ethiopia and Uganda.
Portugal ready to bail out crisis-hit bank BES
Portugal is ready to bail out the Banco Espirito Santo (BES) to prevent a catastrophic run on its banks that could plunge its fragile economy further into crisis. The recapitalisation plan could be announced as early as Sunday evening after trading in the country's biggest private bank was suspended by the Lisbon stock exchange on Friday after its shares went into freefall. The cash injection from the state is designed to stop savers pulling any more money out of the bank.
Ireland: Banking glitch leaves thousands of civil servants unpaid
An investigation is underway after teachers, nurses, garda workers and civil servants did not receive their pay into their bank accounts prompting a flood of complaints. It is understood that there is an issue processing the payments at the Bank of Ireland who said they are currently attempting to rectify the situation. The Financial Shared Service which handles pay for almost all public servants, distributes all pay through Bank Of Ireland, hence the issue.
What Happens Now That Argentina Is in 'Selective Default'
Default is a major disaster for a government, but not much will happen right away now that Standard & Poor's has declared Argentina to be in "selective default." S&P (MHFI) took the action today after Argentina's talks with holdout creditors continued past the end of the 30-day grace period for a $539 million bond payment. Defaults are usually bad for bond prices. But prices for Argentine bonds soared today to their highest level since 2010. They rose 10¢ to reach almost 96¢ on the dollar.
China, Japan and Russia zero in on Latin America
The leaders of China, Russia and Japan all descended on Latin America in recent weeks, jostling with the United States to increase their influence, invest and tap into resource-rich markets. The latest arrival was Japanese Prime Minister Shinzo Abe, who on Monday was in Trinidad and Tobago, the second stop on a five-country tour that began on Friday in Mexico. China is in the market for Chilean copper and timber, Peruvian gold and zinc, Argentine beef and wheat, Brazilian sugar and soybeans and Venezuelan oil, among other commodities.
Companies proclaim water the next oil in a rush to turn resources into profit
"Is now the time to buy water?" enquired the email that showed up in my inbox earlier this week. Its authors weren't worrying about my dehydration levels. Rather, they were urging me to think of water in quite a new way: as a commodity to invest in. Making money from water? Is this what Wall Street wants next? This summer, however, myriad business forces are combining to remind us that fresh water isn't necessarily or automatically a free resource. It could all too easily end up becoming just another economic commodity.
Boeing Reaches Aircraft Parts Deal With Iran
Boeing has disclosed an agreement with Iran to provide aircraft parts, relaxing a three-decade freeze in ties as part of a broader package of sanctions relief. US industry analysts say the sale of spare aircraft parts is seen as a diplomatic carrot for Iran, which for decades has relied on parts obtained on the black market or copied locally. Iran agreed in November to curtail nuclear activities for six months from January 20 in exchange for sanctions relief from Britain, China, France, Germany, Russia and the United States.
Norway's Wealth Fund Mulls Scaling Back $8 Billion Russia Assets
Norway's colossal sovereign wealth fund is considering reducing its $7.6 billion portfolio of Russian investments as Russia stares down the barrel of tougher EU sanctions. EU ambassadors met to discuss sanctions drawn up by the European Commission, chief among which were proposals to ban European investors from buying new debt or shares in banks majority-owned by the state. Not being an EU member, Norway has no obligation to comply with EU sanctions, but the country's sovereign wealth fund is nonetheless reviewing its Russian investments.
Greece tops eurozone poverty rate
Greece ranks first in the eurozone and fourth among the 28 members of the European Union for the percentage of its citizens living on or below the poverty line, according to a new report. The study, conducted by the Foundation for Economic and Industrial Research (IOBE), found that just over a third (34.6%) of Greeks – some 3,795,100 individuals – were living on less than 60% of the national median income in 2013.This percentage has risen steadily since 2010, when the country began implementing austerity measures.
Ethiopia Becomes China's China in Global Search for Cheap Labor
Huajian's 3,500 workers in Ethiopia produced 2 million pairs of shoes last year. Located in one of the country's first government-supported industrial zones, the factory began operating in January 2012, only three months after Zhang decided to invest. It became profitable in its first year and now earns $100,000 to $200,000 a month, he said, calling it an insufficient return that will rise as workers become better trained. A combination of cheap labor and electricity and a government striving to attract foreign investment makes Ethiopia more attractive than many others.
Spain loses €12 billion in sale of 'failed' bank
Catalunya Bank, a victim of Spain's economic crisis, has been sold to BBVA, the country's second-largest bank. But Spain's sale of Catalunya Bank — in which it owns a 66 percent share — for just €1.2 billion means the country lost €11.8 billion by propping up by the bank which teetered when thousands of borrowers defaulted on their loans. That is close to the €13.8 billion in cuts to education and healthcare imposed by the Spanish government in its austerity drive, Spain's El País newspaper noted. Spain will now turn its attention to selling off another failed bank in Bankia.
Collateral damage: US spy scandals endanger the world's largest trade deal
In this politically charged climate, German and EU leaders may find a new political lightning rod for rising frustration toward the U.S. in the Transatlantic Trade and Investment Partnership (TTIP), an ambitious trade deal between the United States and the European Union slated to add $280 billion and 13 million jobs to the transatlantic economy. Germany is the EU's economic center of gravity, making it the United States' most important bilateral partner in the TTIP negotiations. German and EU politicians will have to sell TTIP to their people for it to pass.
France signs one billion euro navy deal with Egypt
France has secured its first major military contract in Egypt in about 20 years with a 1 billion euros ($1.35 billion) deal to sell four naval frigates, a French diplomatic source said on Saturday. Paris and Cairo have enjoyed close economic ties in the past but turmoil in the north African state since former president Hosni Mubarak was ousted has left Western governments wary of signing contracts, especially in the defence sector. The DCNS company, in which the French state has a majority stake, won the contract to provide four corvette frigates to the Egyptian navy.
Portugal's Espirito Santo bank shares plunge on rating cut
Portuguese bank Banco Espirito Santo, battling a financial crisis crippling its main shareholder, came under renewed stock market pressure on Thursday after a credit downgrade. Shares in the bank, which had rallied strongly on Wednesday from record low levels, plunged again in morning trading. They fell by 6.59 percent to 0.43 euros, shedding ten percent at one point. The declines pushed down the overall Portuguese stock market, which fell 1.14 percent.
Afghans want oil project to create 'energy corridor'
Afghanistan could become an "energy corridor" in the next two years as the country could part-host a $17 billion pipeline project to transfer Turkmen gas to Pakistan and India, according to a senior Afghan official. The Turkmenistan Afghanistan Pakistan India – TAPI – natural gas pipeline project was first proposed in the early 1990s with the purpose of transporting natural gas from Turkmenistan to India through Afghanistan and Pakistan. However, ongoing security problems and a lack of upstream development opportunities have seen investors' interest wane in recent years.
Financial crisis in Bulgaria budget amendment because panic and bank losses
Because of this change in the budget deficit would grow this year to 2.7% of GDP from 1.8% of GDP as initially planned, said Bulgarian Minister of Finance, Petar Chobanov, at the end of a meeting of the Government. Also Chobanov announced that public debt will increase by BGN 3.4 billion (1.7 billion euros) due to the issuance of new bonds of which 2.7 billion leva will be allocated to address liquidity problems the fourth commercial bank, Corporate Commercial Bank (Corpbank), which last month was on the verge of bankruptcy.
Bulgaria to allow its fourth-biggest bank to collapse
Bulgaria is to allow its fourth-biggest lender to collapse and will hive off its healthy activities into a separate bank as it moves to clear up the mess from the country's worst financial scandal since the 1990s. The central bank said it was removing Corporate Commercial Bank's (Corpbank) license and alerting prosecutors to the possibility that its main shareholder stole money from the bank just before the central bank took over its operations.
Germany clears path for EU to directly fund ailing banks
The EU's bailout fund has moved closer to being able to directly pump money into troubled banks after the German government introduced a bill allowing direct bank recapitalisation. The German government has introduced a bill allowing the EU's bailout fund to directly fund struggling banks. The draft law will now require approval in the Bundestag, but is planned to enter into force in November. "This is an important step to stabilise our financial sector … and to increase further the trust in our common European currency,"
Russia to suggest forming energy association, fuel bank at BRICS summit
Russia will suggest setting up an energy association and a reserve fuel bank during the BRICS summit that takes place in Brazil July 15-16, Yury Uskakov, a Russian presidential aide, told reporters. "Russia intends to suggest several specific subjects for consideration, namely the formation of a BRICS energy association to ensure the energy security of BRICS members," Ushakov said ahead of President Vladimir Putin's visit to Brazil. "A reserve bank of fuel and BRICS energy policy institute would also be set up in the framework of this association," he said.
Portugal's Largest Bank Espirito Santo Misses Bond Payment
Banco Espirito Santo SA bonds plunged to record lows after a parent company delayed payments on short-term notes, reawakening concern that banks remain vulnerable as the euro region emerges from the sovereign debt crisis. Portugal government bonds also fell, sending the 10-year yield up the most in two months, leading declines among securities from Europe's most indebted nations. A gauge of Portuguese stocks fell to a seven-month low, Portugal government bonds also fell.
Total CEO calls for bigger euro role in oil payments
Oil major Total's chief executive said on Saturday the euro should have a bigger role in international trade although it was not possible to do without the U.S. dollar. Christophe de Margerie was responding to questions about calls by French policymakers to find ways at EU level to bolster the use of the euro in international business following a record U.S. fine for BNP."Doing without the (U.S.) dollar, that wouldn't be realistic, but it would be good if the euro was used more," he told reporters.
Central Bank Official: Digital currencies could 'challenge sovereignty' and government finances
A senior Central Bank official has warned that virtual and digital currencies have the potential to challenge the sovereignty of states. Mr Murphy said rivals to national legal tender pose challenges to central banks' ability to influence the price of credit for the whole economy. He also warned that there would be a substantial threat to the country's finances if more and more transactions for goods and services disappear from the tax net through the use of digital currencies.
Turkmenistan's gas will flow to Europe via Turkey
In an effort to reduce dependency on Russian natural gas and position itself as a key player amid rising European energy demands, Turkey recently agreed to increase its energy co-operation with Turkmenistan. After a meeting last month in Ankara between President Abdullah Gul and his Turkmen counterpart Kurbanguly Berdymukhamedov, Gul told reporters that Turkey is determined to deliver Turkmen gas to European markets. Turkmenistan is the world's fourth-largest natural gas producing country, with 32 trillion cubic metres of natural gas reserves.
India okay with BCIM, wants details on China maritime silk road
India today backed China's initiative to build a regional economic corridor also linking Bangladesh and Myanmar, but sought more details from Beijing about its plans for a Maritime Silk Road (MSR) before deciding to take part in the endeavour. "BCIM (Bangladesh-China-India-Myanmar) is a good and positive initiative we will be supportive of it," Vice President Hamid Ansari, who concluded his five-day visit to Chinatoday.
Argentina & Puerto Rico may default on their debt next week
Investors are intently watching two separate stories in the bond market Monday that could have rippling effects, challenging the traditional notions of how bonds are paid. Argentina is expected to enter technical default as the pariah of the debt markets negotiates with creditors in the wake of a Supreme Court ruling. Separately, a Puerto Rican agency is on watch for a potential default Tuesday after the U.S. commonwealth passed a law allowing its public corporations to restructure their municipal bond debt last week
China to Set Yuan Clearing Banks in Luxembourg, Paris
In its continued push to make the yuan a global currency, China's central bank said Sunday it plans to designate clearing banks for its currency in Paris and Luxembourg, as the two financial centers battle with London to become the leading European offshore yuan-trading city. The People's Bank of China announced the move in two separate statements Sunday. It didn't say when it would designate the clearing banks. The French and Luxembourg central banks said Sunday they had signed agreements with PBOC.
Here are the countries showing early warning signs for banking crises
History shows that when the difference between a country or region's credit-to-GDP ratio and the long-term trends of that ratio exceeds 10%, it indicates a pretty rapid accumulation of debt and is usually followed by serious strain on a banking system within 3 years. When residential property prices start rising above their long term trends, that often points to a credit boom and comes two to three years ahead of a crisis.
Bulgaria banks under attack, hit with second bank run
Bulgaria's central bank said yesterday there was a systematic attempt to destabilise the country through attacks on the banking system and vowed to protect citizens' savings. Depositors queued in the capital Sofia to withdraw funds from one of the country's biggest banks and its shares slumped, worsening a crisis that has shone a light on weak economic governance in the poorest European Union state. The central bank took control of Corporate Commercial Bank (Corpbank) after a run on deposits.
China aims to break U.S. hold in Asia with rival to World Bank
Beijing diplomats on charm offensive to rally support for new institution free from U.S. control. China wants to set up a multilateral development bank in Asia to break the U.S.'s financial hold on the continent, theFinancial Times reported Tuesday, citing officials familiar with the matter. It said that Chinese officials have been touring Asia and the Middle East drumming up support for a new institution with $100 billion in capital, with a view to financing major development projects such as infrastructure.
Run on Corpbank prompted Bulgaria to seize control
A run on Corporate Commercial Bank (Corpbank) prompted Bulgaria's central bank to take control of the country's fourth-largest lender and its governor appealed to depositors to stay calm. The Bulgarian National Bank (BNB) said it would handle Corpbank's operations for three months and removed its management and supervisory board after the run, which was sparked by media reports of shady deals involving the bank. The BNB said it acted after Corpbank said it had stopped all bank operations due to a liquidity drain.
Thai junta taking control of economy
The Thai military is rapidly taking control of Southeast Asia's second largest economy with an overhaul of state enterprises, a suspension or cancellation of some of the previous government's infrastructure projects and efforts to build bridges with foreign investors. The move comes after decades of corruption in the country's infrastructure, previous Prime Minister Yingluck Shinawatra – for one – removed from office after being found guilty of having illegally transferred a high ranking civil servant for personal gain.
China hails Greece as "gateway to Europe"
Accompanied by his Greek counterpart Antonis Samaras, Li visited the country's largest port of Piraeus to inaugurate a rail link that will transport goods to central Europe. Chinese and Greek officials are signing 19 deals worth an estimated 4.5 billion euros. Among the key agreements is one for boosting trade and investment cooperation, as well as a deals for Chinese bank loans to go towards various construction projects, such as shipyards and solar energy parks.
IMF ready to ask ECB to begin quantitative easing
The managing director of the International Monetary Fund is expected to launch an appeal to the European Central Bank on Thursday, urging it to deal with deflationary risks by beginning a form of quantitative easing, the Financial Times newspaper reported. That would include large purchases of sovereign bonds to stimulate growth, the newspaper said Wednesday, citing a draft of a statement from the IMF based on its annual evaluation of the eurozone's economic health.
The cost of global violence and unrest: US $1,350 per person
Violent conflict and unrest cost the world as much as the combined economic output of Britain, Germany, France and Italy last year, or $1,350 per person globally, an index measuring the state of world peace found on Wednesday. The economic cost of containing and dealing with the consequences of global violence last year was an estimated $9.8 trillion, 11.3 percent of global economic output, up 3.8 percent from 2012, according to the Institute for Economics and Peace (IEP).
Chinese army think-tank says gas resources in Arctic region would help economy
Oil and gas resources in the Arctic are an important resource to guarantee China's sustained economic growth and the country should actively look at developing it, state media on Wednesday cited a Chinese military think-tank as saying. The Defence Policy Research Centre of the Academy of Military Sciences of the People's Liberation Army singled out the Arctic as one of the chapters of an annual strategic assessment.
China Blocks European Shipping Alliance, Sending Maersk Down
China blocked the formation of a global alliance by the world's three biggest shipping lines in a surprise move that ignored Western approval of the plan and sent A.P. Moeller-Maersk A/S (MAERSKB) shares tumbling the most in two years. The Chinese Ministry of Commerce said on its website that the proposed P3 vessel-pooling accord, which also included Mediterranean Shipping Co. and CMA CGM SA, would "restrict competition" on the busiest Asia-Europe container routes.
Southern Corridor: EU wants 'Mediterranean hub' for Azeri gas
The European Union is looking southwards to develop a "southern gas corridor" for natural gas from Azerbaijan to fuel the European mainland. A key policy that also ties in with the Maltese government's prospective energy shift to gas, will be the creation of the southern corridor running from the Caspian region and into Italy. The more interesting keyword is the "Mediterranean gas hub" which the EU would like to develop in the south of Europe together with North African and Eastern Mediterranean partners.
Risk of new Argentinian debt default after vulture fund verdict
President Cristina Fernandez says Argentina can't possibly comply with U.S. court orders to pay $1.5 billion in cash to winners of a decade-long debt dispute, the position her country was left in Monday when the U.S. Supreme Court refused to hear her government's final appeal. Under the U.S. court orders, Argentina must hand over $907 million to the plaintiffs, or lose the ability to use the U.S. financial system to pay an equal amount due June 30 to holders of other Argentine bonds.
France's Noyer Says BNP May Prompt Shift Away From Dollar
Bank of France Governor Christian Noyer said the U.S. investigation into BNP Paribas SA (BNP)'s dealings with sanctioned nations may encourage companies to stop using dollars in international transactions. "We could say that companies would have maximum interest to do the most possible transactions in other currencies," Noyer said yesterday on BFM television. "Trade between China and Europe — do it in euros, do it in renminbi, stop doing it in dollars. This is an affair that will leave marks."
Defying Russian warnings, Moldova and Georgia head for EU pact
Undeterred by the conflict triggered by Ukraine's swing towards Europe, the former Soviet republics of Moldova and Georgia will sign a trade and political pact with the European Union this month with Russia warning both countries against the move. The two small countries – Moldova has a population of just over 3.5 million and Georgia 4.5 million – see the signing of an association agreement as the crucial step towards mainstream Europe, leading to eventual membership of the powerful EU trading bloc.
Are China and Japan decoupling business from politics?
It is heartening to see that the booming bilateral trade between Asia's two largest economies continues to defy their bellicose rhetoric and "war games" at sea and in the air. In the first four months of this year Japanese sales to China rose at a rate of 14 percent – a huge improvement from the year earlier when they fell at an annual rate of 4 percent.
Over the same period, the rate of growth of Chinese exports to Japan nearly doubled to 19 percent.
Oil is Drying Up in Besieged Libya
Libya is still able to supply its 120,000-bpd Zawiya refinery without drawing on oil from two offshore fields, an oil ministry official said. On Wednesday, a spokesman for state-owned National Oil Corp (NOC) said Libya might have to use oil from offshore fields Al Jurf and Bouri to feed the refinery which supplies western Libya with fuel products.
The offshore oil is one of the last export sources for a government struggling with a wave of protests at oilfields and ports that began last summer.
Ukraine, Arab Spring, Cold War II and Price Wars Hardly Disguised
Please think about why the son of a US Vice President ends up working for the biggest Ukrainian gas company. Then wonder why a college chum of Secretary of State John Kerry ends up at the same Cyprus based Burisma Holdings? Years before the current Ukraine situation western investors planned to undercut Gazprom by diverting shipments of natural gas to so-called "regasification" plants across Europe. This report by actuary Gail Tverberg goes in depth into the dynamics of east versus west price warring.
Bulgaria PM Orders South Stream Freeze until EU Green Light
Prime Minister Plamen Oresharski has ordered a suspension of all activities related to the South Stream gas pipeline project until Bulgaria reaches agreement with the EU on it. Oresharski, as cited by Darik radio, announced the step in a Sunday interview after a meeting with three US senators visiting Bulgaria – John McCain, Chris Murphy, and Ron Johnson. The participants in the meeting discussed Bulgaria-US relations in the spheres of economy and defense, as well as energy independence and the current situation in Ukraine.
Afghan economy on edge as investors flee
Jackhammers are down and excavators gather dust at a Kabul construction site, spotlighting an aid-reliant economy on the edge of a precipice as Afghanistan's war winds down and a tenuous political transition looms.The country's banks are at grave risk of being put on an international blacklist this month if parliament fails to pass a long-demanded money laundering bill — with potentially devastating consequences for the already-fragile economy.
US-EU Fracture?: Germany backs France on Russia warship contract
Germany has defended France's plan to deliver a warship to Russia in October despite US criticism of the move. "France also sees what other EU countries are doing. Why should it stick its neck out on the Mistrals, when [British firm] BP has just signed a major new deal with [Russian company] Rosneft when it didn't have to?". Franco-US relations have also hit a stumbling block over a US decision to fine French bank BNP Paribas billions of dollars for non-compliance with US sanctions on Cuba and Iran.
EU-Russian Tensions in Bulgaria's ruling axis over South Stream out in the open
A few days after the European Commission (EC) announced an infringement procedure against Bulgaria over its choice of a contractor to build the land section of the South Stream pipeline project in the country, tensions between current ruling axis partners the Bulgarian Socialist Party and the Movement for Rights and Freedoms are becoming clearer. EC President Jose Barroso has made clear the Commission's intentions about ensuring that EU countries keep to the rules regarding South Stream.
Brazil finds bumpy path on way to becoming world oil power
Brazil's efforts to become one of the world's major oil producers have attracted businesses such as U.S. drilling giants Halliburton and Baker Hughes, gained it partnerships with oil companies from India and China, lured immigrants from idyllic Norway and drawn investment dollars from American pension funds in Florida, South Carolina and California. But the prospects for success have darkened in the seven years since Brazil first identified massive oil deposits in deep water off its coast.
SE Asia's war on drugs is 'fueling production' of opium
Cultivation of opium in Southeast Asia's notorious Golden Triangle region has doubled in the past decade, according to an in-depth study that rebuffs claims by governments that an aggressive anti-narcotics policy is reaping benefits and improving livelihoods. The findings come a year before the 2015 deadline set by the Association of Southeast Asian Nations (ASEAN) bloc to make the region drugs free. Myanmar, the world's second highest opium producer after Afghanistan, remains the driving force.
Renminbi (RMB) Yuan Clearing Bank To Open In London
A RMB Yuan (CNY) clearing bank will be officially appointed in the United Kingdom (UK) in June, said Mark Boleat, policy chairman for the City of London Corp, in an interview at the weekend. A week before that agreement was reached, China also signed a memorandum with Germany to work on appointing a clearing bank in Frankfurt, highlighting the fierce competition between European financial centers for more yuan activities.
Afghanistan supplies its first ever domestic refined oil to the market
Afghanistan's first ever domestic refined oil will be introduced in the market. According to Head of Afghanistan's oil and gas companies Azrakhsh Hafizi, over 5,000 tons of oil obtained from Amu Darya basin were sent to Kam International Oil for refinery. He added about 2,500 tons of refined oil would be supplied in the market. Petroleum companies have invested about USD 3bn and 750mn in the oil and gas sector of Afghanistan. The Afghan government intends to establish a large oil reserve at a cost of USD 1.3mn.
ECB 'alert' to deflation risk: Mario Draghi
The European Central Bank is "alert" to the risks of persistently low inflation, president Mario Draghi said on Monday amid speculation of further interest rates cuts to avert possible deflation. "What we need to be particularly watchful for at the moment is, in my view, the potential for a negative spiral to take hold between between low inflation, falling inflation expectations and credit, in particular in stressed countries," he said.


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DMV to Internet-less New Yorkers: Get in Line
By Jared Chausow
By Katie Toth
By Elizabeth Flock
City Hid Facts From Feds About Rikers
By Albert Samaha
Flood Wall Street Gets Pepper Sprayed and Arrested
By Anna Merlan
By Jon Campbell
Report Sheds Light on Anti-Muslim Bias
By Jon Campbell
Rikers Island Lawsuits Over Diabetic Care
By Albert Samaha
The loud crack of a collision on the field cuts off T.J. mid-thought. He looks up to see purple-and-yellow jerseys swarming the loose ball. His eyes light up.
The writer Alfred Kazin described his native Brownsville as "a place that measured success by our skill in getting away from it." Yet twice a week, professionals like Brooklyn Supreme Court Judge Sylvia Ash and sales rep Parrish Johnson drive in from middle-class enclaves like Bensonhurst, Kew Gardens, Westchester County, and Staten Island, rolling through tolls and traffic to get their sons to a dilapidated field in one of Brooklyn's roughest areas by 5:45 p.m.
About half of Mo Better's players come from outside the neighborhood. Dwight Clark, a Port Authority police officer, makes the hour-long trek from Bergenfield, New Jersey. Laurisse Rodriguez, a high school teacher in Far Rockaway, sacrifices overtime pay during the season to pick up her eight-year-old at school in East New York, stop at McDonald's so he can eat and finish his homework, then hustle to practice, where she grades papers during the tackling drills and wind sprints.
At Betsy Head, as 13-year-old Quincy puts it, "They teach you how to be a man." The hard lessons begin with the field itself, located almost directly beneath the elevated tracks of the 3 train in a neighborhood most New Yorkers try to avoid after dark. Pocked by divots and coarsened by weeds — barely any grass to soften falls, let alone sprinklers to irrigate the grounds. Back when they played league games here, the fire department would hose down the field in the morning, the better to spare the kids with asthma from wheezing in the billowing dust. An hour into this evening's practice, chalky brown clouds float overhead. The Junior Midgets jog off the field and form a line at the base of the cement steps that serve as bleachers. With the blast of a coach's whistle, they sprint up, then jog down. Many have taken off their cleats for better traction. A few have mistaken the lack of protective footgear for a justification to slow down.
"I don't care about no barefoot!" booms a barrel-chested man in a purple windbreaker, pacing the rubber track at the base of the steps. "Our forefathers had to get up every morning to pick cotton! Your forefathers ain't have no shoes. Nobody feels sorry for us! Nobody feels sorry for us! They didn't have no Nike!"
The man in the windbreaker, Chris Legree, runs this show. He's 57, and built like a bouncer. Bald head, big hands, muscular calves. He's famous around Brownsville, the superstar high school quarterback who returned to his old neighborhood to start up a youth football team. By now, the program's origin story is almost mythic: Legree and his childhood buddy Ervin Roberson went to the Million Man March in October 1995 and returned to Brownsville inspired. They wanted to create something to help the community and football was what they knew best. Legree liked Spike Lee's film Mo' Better Blues, so they borrowed the name.
A whopping two kids made it to Mo Better's first official practice in January 1996. But soon more came, drawn by Legree's renown. That first year, the Midget team won a state championship.
Having spent a season beating up on local teams, Mo Better joined the North Jersey Pop Warner conference, which features some of the region's powerhouse programs. The Brooklyn interlopers continued to roll. In 1998, Mo Better's Midget squad won the Eastern Regional championship. In 2001, the Midgets traveled to Florida and grabbed the brass ring: winning the Pop Warner Super Bowl.
Legree and Roberson rooted the team's philosophy in discipline. There were laps for tardiness, more laps for bad grades. Kids dressed in suits before games and marched single-file to the locker room. The players hit harder than their opponents but seldom lost their cool after the whistle. Within a few years, Mo Better had earned a reputation around the region.
The parents watching practice on Betsy Head's benches know that a recommendation from Legree can open doors for their sons. With a field full of talented and obedient preteens every year, the coach has built pipelines to some of the city's most prestigious high schools.
"Very well-disciplined kids," says Poly Prep's coach, Dino Mangeiro. "High-character kids, good students."
When Fort Hamilton, an esteemed public high school in southwest Brooklyn, plays its 2013 season opener against Brooklyn Tech, Legree is on the sidelines, slapping players on the shoulder pads and shaking hands with coaches. He's here to watch his nephew Sharif Legree, a sophomore quarterback, start his first varsity game. Four fellow Mo Better alums join Sharif in the huddle. A fifth, Sharif's brother Jeff Jr., calls the plays. A decade ago, when Jeff decided to enroll at Fort Hamilton, five of his Mo Better friends followed him. They led Hamilton to back-to-back city championships in 2005 and 2006.
"The kids that come out of the program, even though they may have all of these hardships and handicaps, they're pretty polished. Not only as football players, but as potentially outstanding young men," says Vince Laino, Fort Hamilton's head coach from 1990 to 2009.
Sponsor Content


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Members of the London High School girls varsity golf team gave back to their community recently by volunteering at the Madison County Food Pantry.
The girls boxed up meals and handed out food boxes to families on Saturday, Aug. 9.
The Madison County Food Pantry, operating since 1981, serves an average of 440 families and more than 1,400 individuals each month. Nearly 30 senior citizens who are unable to leave their homes have meals delivered to them each month from the pantry.
Funding for the pantry comes from 12 different churches, countless individuals, schools, organizations, businesses and the community as a whole.
In addition to meals, the pantry also provides every child who receives provisions from them with an age appropriate book of their choice. This program is geared to assist many children with building their imagination and reading skills.
The organization has no paid employees, and none of the volunteers or board members are compensated.
Current operating hours are from 9 a.m. to noon Wednesday and Saturday.
To learn more about the pantry or to become volunteer or make a donation, call Jim Witwer at (614) 404-4718.


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Walter Hartsock
Ruth Cottom
Daryl Gaskill
Elmer Lehman
Dorothy "Dot" Sienerth
Ryan "Beef" Kyle
Seederly-Mong & Beck Funeral Homes has been providing valued and compassionate service to the families of Columbiana and North Lima areas for over 50 years. The community has embraced and entrusted our funeral home staff with arranging special memorials for their loved ones.
We take great pride in our service to our community and in the level of personalized attention we are able to offer to all of our families.
We offer a complete range of quality services that may be tailored to meet your family's special, individual needs and customs. We are committed to providing you with utmost service and attention, and are available to answer your questions 24 hours a day, 7 days a week.
We invite you to visit our facilities and talk with us about your plans. It is our goal to support you through every step of your arrangements and to pay tribute to the special memory of your loved one.


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The Department of Chemistry at the University of North Carolina at Chapel Hill, offers a wide range of research opportunities in theoretical and experimental physical chemistry. Our program has broadened from its traditional areas of excellence in molecular chemical physics to include research activities in biophysical and surface chemistry, and materials and environmental sciences. Experimental efforts within these areas utilize state-of-the-art instrumentation, such as high-resolution and ultra-fast laser systems, molecular beam techniques, mass spectrometry, ion-scattering, scanning probe microscopy, and magnetic resonance spectrometry.
Research in theoretical chemistry involves developing computational models of chromatin, the structure of complex fluids, and polymer dynamics. Students at UNC have access to high-performance computer workstations, as well as RENCI/UNC Research Computing, which is home to one of the best computing facilities in the world, including a 4160-processor Dell Linux cluster.
Kinetic models based on Fermi's Golden Rule are commonly employed to understand photoinduced electron transfer dynamics at molecule-semiconductor interfaces. Implicit in such second-order perturbative descriptions is the assumption that nuclear relaxation of the photoexcited electron donor is fast compared to electron injection into the semiconductor. This approximation breaks down in systems where electron transfer transitions occur on 100-fs time scale. In an article published in the Journal of Chemical Physics, researchers in the Moran and Kanai Groups present a fourth-order perturbative model that captures the interplay between time-coincident electron transfer and nuclear relaxation processes initiated by light absorption.
The model consists of a fairly small number of parameters, which can be derived from standard spectroscopic measurements, for example linear absorbance or fluorescence, and/or first-principles electronic structure calculations. Insights provided by the model are illustrated for a two-level donor molecule coupled to both (i) a single acceptor level and (ii) a density of states, DOS, calculated for TiO2 using a first-principles electronic structure theory. These numerical calculations show that second-order kinetic theories fail to capture basic physical effects when the DOS exhibits narrow maxima near the energy of the molecular excited state. Overall, the team concludes that the present fourth-order rate formula constitutes a rigorous and intuitive framework for understanding photoinduced electron transfer dynamics that occur on the 100-fs time scale.
Silicon nanowires incorporating p-type/n-type (p n) junctions have been introduced as basic building blocks for future nanoscale electronic components. Controlling charge flow through these doped nanostructures is central to their function, yet our understanding of this process is inferred from measurements that average over entire structures or integrate over long times.
Published in Nano Letters, researchers from the Cahoon and Papanikolas Groups describe how they used femtosecond pump-probe microscopy to directly image the dynamics of photogenerated charge carriers in silicon nanowires encoded with p-n junctions along the growth axis. Initially, motion is dictated by carrier-carrier interactions, resulting in diffusive spreading of the neutral electron-hole cloud. Charge separation occurs at longer times as the carrier distribution reaches the edges of the depletion region, leading to a persistent electron population in the n type region. Time-resolved visualization of the carrier dynamics yields clear, direct information on fundamental drift, diffusion, and recombination processes in these systems, providing a powerful tool for understanding and improving materials for nanotechnology.
Reptation Quantum Monte Carlo Calculation of Charge Transfer: The Na–Cl dimer. Yi Yao, Yosuke Kanai. Chemical Physics Letters, Volume 618, 2 January 2015, Pages 236–240.
Quantum Dynamics Simulation of Electrons in Materials on High-Performance Computers. André Schleife, Erik W. Draeger, Victor M. Anisimov, Alfredo A. Correa and Yosuke Kanai. Comput. Sci. Eng. 16, 54 (2014).
Hierarchically-Structured NiO Nanoplatelets as Mesoscale p-Type Photocathodes for Dye-Sensitized Solar Cells. Cory J. Flynn, EunBi E. Oh, Shannon M. McCullough, Robert W. Call, Carrie L. Donley, Rene Lopez, and James F. Cahoon. J. Phys. Chem. C, 2014, 118 (26), pp 14177–14184.
Modeling Time-Coincident Ultrafast Electron Transfer and Solvation Processes at Molecule-Semiconductor Interfaces. Lesheng Li, Paul G. Giokas, Yosuke Kanai, and Andrew M. Moran. J. Chem. Phys. 140, 234109 (2014).
Imaging Charge Separation and Carrier Recombination in Nanowire p-i-n Junctions Using Ultrafast Microscopy. Michelle M Gabriel , Erik Grumstrup , Justin R. Kirschbrown , Christopher W. Pinion , Joseph D Christesen , David F. Zigler , Emma M Cating , James F. Cahoon , and John Michael Papanikolas. Nano Lett., Just Accepted Manuscript, DOI: 10.1021/nl5012118, Publication Date (Web): May 27, 2014.
Ultrafast Carrier Dynamics of Silicon Nanowire Ensembles: The Impact of Geometrical Heterogeneity on Charge Carrier Lifetime. Erik M. Grumstrup , Emma M. Cating , Michelle M. Gabriel , Christopher W. Pinion , Joseph D. Christesen , Justin R. Kirschbrown , Ernest L. Vallorz III, James F. Cahoon, and John M. Papanikolas. J. Phys. Chem. C, 2014, 118 (16), pp 8626–8633.
Ultrafast Carrier Dynamics in Individual Silicon Nanowires: Characterization of Diameter-Dependent Carrier Lifetime and Surface Recombination with Pump-Probe Microscopy. Erik M. Grumstrup , Michelle M. Gabriel , Emma M. Cating , Christopher W. Pinion , Joseph D. Christesen , Justin R. Kirschbrown , Ernest L. Vallorz III, James F. Cahoon, and John M. Papanikolas. J. Phys. Chem. C, 2014, 118 (16), pp 8634–8640.
Free Energy Barrier for Melittin Reorientation from a Membrane-Bound State to a Transmembrane State. Sheeba J. Irudayam, Tobias Pobandt, and Max L. Berkowitz. J. Phys. Chem. B, 2013, 117 (43), pp 13457–13463.
Interplay between Vibrational Energy Transfer and Excited State Deactivation in DNA Components. Brantley A. West, Jordan M. Womick, and Andrew M. Moran. J. Phys. Chem. A, 2013, 117 (29), pp 5865–5874.
Uncovering Molecular Relaxation Processes with Nonlinear Spectroscopies in the Deep UV. Brantley A. West, Brian P. Molesky, Paul G. Giokas, Andrew M. Moran. Chemical Physics, Volume 423, 23 September 2013, Pages 92-104.


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