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| | | 1388/03/31 |  UN confab on world financial, economic crisis |
NGDIR News Section--United Nations Conference on the World Financial and Economic Crisis and Its Impact on Development will be held at UN Headquarters in New York from June 24-26, 2009.
The world is currently faced with the worst recession since the 1930s. Though the crisis did not originate there, developing countries are being severely hit through, inter alia, weaker trade, tighter global financing conditions and lower remittances. Poverty and hunger are increasing and major reversals in hard-won gains towards the Millennium Development Goals (MDGs) will likely be seen. Children, women, the working poor, migrants and people already at a Disadvantage are the most vulnerable.
There is an increased risk of accelerated environmental degradation and social tensions are on the increase, a press release issued by the UN Information Center (UNIC) said here on Sunday.
Origins and Causes
The years prior to the crisis were characterized by high global growth and relatively st..............[ More] |
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| | | | 1388/04/13 | | New type of El Nino could mean more hurricanes make landfall |
NGDIR News Section-The 2008 hurricane season was one of the most active on record. In this image, taken on August 28, 2008, three storms can be seen in various stages: Fay, Gustav and Hannah. Credit: National Oceanic and Atmospheric Administration
El Niño years typically result in fewer hurricanes forming in the Atlantic Ocean. But a new study suggests that the form of El Niño may be changing potentially causing not only a greater number of hurricanes than in average years, but also a great.....[ More] | |
| | 1388/04/13 | | Faults and Earthquakes in China Monitored from Space | NGDIR News Section-- Science Daily-- China is in a very seismically active area and has had many catastrophic earthquakes during its history. A joint European-Chinese team is using satellite radar data to monitor ground deformation across major continental faults in China to understand better the seismic cycle and how faults behave.
Using Synthetic Aperture Radar (SAR) satellite data and a technique known as SAR Interferometry (InSAR), along with GPS data, scientists participating in ESA's Dr.....[ More] | |
| | 1388/04/10 | | Chinese exports could crush fragile markets |
NGDIR News Section-Talk of a “G2” is fashionable, and with good reason. The trip by Tim Geithner, U.S. Treasury secretary, to Beijing last month underscored the substantial economic and financial interests at stake in the U.S.-China relationship. His trip also signaled growing coordination between the two sides. The U.S. avoided criticizing an undervalued renminbi, while China committed itself to the dollar and its massive holdings of U.S. government debt.
This change in focus is r.....[ More] | |
|  | 1388/04/09 | | World's Largest Aerosol Sensing Network Has Leafy Origins | NGDIR News Section-- Science Daily-- Twenty years ago, Brent Holben was part of a NASA team studying vegetation from space. In an unlikely career twist, his research morphed into the study of a critical, if overlooked, subplot in the story of climate change.
From his office at NASA's Goddard Space Flight Center in Greenbelt, Md., Holben helps manage the world's largest network of ground-based sensors for aerosols -- tiny specks of solids and liquids that waft about in the atmosphere. These pa.....[ More] | |
| | 1388/04/08 | | Eurozone rates on hold: analysts |
FRANKFURT - While markets absorb last week's record eurozone loan offer, interest rates will stay at an all-time low when European Central Bank governors meet on Thursday in Luxembourg, analysts say,reorted AFP.
“The ECB looks almost certain to leave interest rates on hold at 1.0 percent this month, where we expect them to remain until at least the end of 2010,” said Capital Economics economist Jennifer McKeown.
Bank policymakers are focused on how to support bank lending and can poi.....[ More] | |
|  | 1388/04/07 | | China to surpass 9% growth in 2011: official | NGDIR News Section-SHANGHAI (Bloomberg) -China's economy will grow 8 percent this year and achieve more than 9 percent annual expansion in 2011, said Cheng Siwei, former vice chairman of the standing committee of the National People’s Congress.
The government’s 4 trillion-yuan ($585 billion) stimulus package is having an effect and will aid a full recovery by 2011, Cheng said today at a financial forum in Ningbo city, eastern China.
“Only when China’s growth rebounds to 9 percent can .....[ More] | |
|  | 1388/04/07 | | QuikScat Finds Tempests Brewing In 'Ordinary' Storms | NGDIR News Section-- ScienceDaily-- "June is busting out all over," as the song says, and with it, U.S. residents along the Atlantic and Gulf coasts begin to gaze warily toward the ocean, aware that the hurricane season is revving up. In the decade since NASA's QuikScat satellite and its SeaWinds scatterometer launched in June 1999, the satellite has measured the wind speed and wind direction of these powerful storms, providing data that are increasingly used by the National Oceanic and Atmosphe.....[ More] | |
| | 1388/04/01 | | Iron ore pact to spark cautious M&A at BHP, Rio |
NGDIR News Section-LONDON (Reuters) - Miner BHP Billiton will push for more acquisitions after sealing an iron ore venture with Rio Tinto, while funds from the deal and a linked rights issue could prompt Rio to dip its toes back into M&A.
Analysts and industry sources said that BHP would move circumspectly and Rio aim for smaller deals after the two industry heavyweights agreed earlier this month to link up iron ore mines in Australia and Rio set a $15.2 billion rights issue.
“On a n.....[ More] | |
| | 1388/04/01 | | Asian currencies post weekly decline on outflows, led by rupiah |
NGDIR News Section-MANILA (Bloomberg) - Indonesia’s rupiah completed its biggest weekly drop in seven months and led losses in Asian currencies as overseas investors dumped emerging-market assets on concern a global recovery is stalling.
The Bloomberg-JPMorgan Asia Dollar Index, which gauges the strength of the 10 most-active regional currencies excluding the yen, slumped 0.5 percent this week and Asian stocks slid. Bank of England Governor Mervyn King said a rebound in the U.K. ec.....[ More] | |
|  | 1388/04/01 | | Ice Sheets Can Retreat 'In A Geologic Instant,' Study Of Prehistoric Glacier Shows | NGDIR News Section-- ScienceDaily-- Modern glaciers, such as those making up the Greenland and Antarctic ice sheets, are capable of undergoing periods of rapid shrinkage or retreat, according to new findings by paleoclimatologists at the University at Buffalo.
The paper, published on June 21 in Nature Geoscience, describes fieldwork demonstrating that a prehistoric glacier in the Canadian Arctic rapidly retreated in just a few hundred years.
The proof of such rapid retreat of ice sheets pr.....[ More] | |
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