Saturday, March 31, 2012

Final 4th-Quarter GDP Report Shows Solid Growth

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The U.S. economy grew at a solid pace in the final three months of 2011, but that growth likely slowed in the first three months of this year as businesses cut back on restocking their shelves.

The economy grew at an annual rate of 3 percent in the October-December quarter, the fastest pace since the spring of 2010, the Commerce Department reported Thursday. The government's third and final look at fourth quarter growth was unchanged from the previous estimate. Slower growth in exports than previously estimated was offset by stronger growth in business investment.

Economists believe that growth slowed to around 1.5 percent in the current quarter. For the year, economists at JPMorgan believe the economy will grow 2.2 percent, slightly better than last year's 1.7 percent expansion.

Growth at that level would be

Friday, March 30, 2012

Girl, 5, stung as deadly jellyfish heads south

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Jellyfish warning

IN THE NEWSROOM: Irukandji sting further south reports Daniel Knowles.

A FIVE-year-old girl has spent four days in intensive care after being stung by an irukandji jellyfish off Fraser Island, hundreds of kilometres south of the deadly stinger's home waters in north Queensland.

Brisbane mum Julie Margaglione said her daughter Haley was swimming off the western side of Fraser Island a fortnight ago when the irukandji stung her on the arm.

In massive pain, she curled up on the beach as her desperate mum tried to get help.

Nearby campers covered the sting in ice as Ms Margaglione called the ambulance.

Airlifted to Hervey Bay hospital, her condition worsened and she was flown to Brisbane's Mater Children's Hospital where she spent another three days in intensive care.

Mrs Margaglione said

Thursday, March 29, 2012

Food Poisoning's Hidden Legacy

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Image: Ted Morrison

Colette Dziadul struggled for years to understand her daughter’s joint problems. Dana, who is now 14 years old, complained from toddlerhood that her knees and ankles hurt. The aches kept her up at night, made her wake her parents to ask for painkillers and forced her to sit out school sports. Nevertheless, two pediatricians and an orthopedist diagnosed the problem as “growing pains” that would fade as she grew older.

Then, when Dana was 11, Dziadul participated in a survey about foodborne illness. The questionnaire came from an organization called Safe Tables Our Priority (now STOP Foodborne Illness), which was canvassing survivors of outbreaks for details of their recoveries. When she was three

Wednesday, March 28, 2012

Kosovo president may assume more power

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Proposed constitutional amendments call for the president to be elected by direct popular vote and would give the office additional powers.

By Linda Karadaku for Southeast European Times in Pristina -- 28/03/12

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Under the proposed changes, Kosovo would join several of its neighbours in holding direct presidential elections. [Reuters]

Kosovo's president would be elected by a direct vote by citizens and be granted broad additional authority that could make the office one of the most powerful heads of state in the region, according to proposals approved last week by a Kosovo parliamentary commission.

The amendments call for Kosovo's president to also be head of the Kosovo's Security Council (KSC) -- a key security policy-setting commission that reports to the prime minister. The amendments also give the president authority to appoint judges, prosecutors, the

Tuesday, March 27, 2012

Global stocks rally as Fed confirms easy monetary policy to fight unemployment

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Fed chairman Bernanke statements injected optimism to markets Fed chairman Bernanke statements injected optimism to markets

Bernanke, speaking to the National Association for Business Economics, said accommodative monetary policy would support demand and, over time, drive down long-term unemployment.

His comments supported views that easy monetary policy would remain in place for some time and fanned expectations for more Fed asset purchases. Previous rounds of quantitative easing have weakened the dollar and boosted US and global stocks.

Gains in US equities pushed the S&P 500 to

Monday, March 26, 2012

US supports competition but confident its nominee will lead the World Bank

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Geithner “Kim commands broad support across the world” Geithner “Kim commands broad support across the world"

Washington's hold on the World Bank presidency is being contested for the first time by candidates from emerging economies. Two respected economists and diplomats, Nigerian Finance Minister Ngozi Okonjo-Iweala and former Colombian finance minister Jose Antonio Ocampo, have been nominated.

Kim, a Korean-American health expert, is well known among development experts for his work in fighting HIV/AIDS and bringing healthcare to the poor. President Barack Obama nominated him for World Bank

Sunday, March 25, 2012

BofA To Offer Foreclosure Option: Rent, Not Own

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A limited Bank of America Mortgage to Lease program will be available in test markets in Arizona, Nevada, New York.

Enlarge Joe Raedle/Getty Images

A limited Bank of America Mortgage to Lease program will be available in test markets in Arizona, Nevada, New York.

A limited Bank of America Mortgage to Lease program will be available in test markets in Arizona, Nevada, New York.

Joe Raedle/Getty Images

A limited Bank of America Mortgage to Lease program will be available in test markets in Arizona, Nevada, New York.

Bank of America says it has begun a pilot program offering some of its mortgage customers who are facing foreclosure a chance to stay in their homes by becoming renters instead of owners.

The "Mortgage to Lease" program, which was launched this week, will be available to fewer than 1,000 BofA customers selected by the bank in test markets in Arizona, Nevada and New York.

Participants will transfer their home's title to the bank, which will then forgive the outstanding mortgage debt. In exchange, they will be able to lease their home for up to three years at or below the rental market rate. The rent will be less than the participants' current mortgage payments and customers will not have to pay property taxes or homeowners insurance, the bank said.

"This pilot will help determine whether conversion from homeownership to rental is something our customers, the

Saturday, March 24, 2012

International Space Station astronauts seek shelter from rocket chunk

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A discarded chunk of a Russian rocket missed the International Space Station early Saturday. However, it came close enough to force six astronauts to seek shelter in escape capsules.

NASA says the space junk was barely close enough to be a threat. Had it hit, however, the station could have been dangerous. So the astronauts — two Americans, three Russians and a Dutchman — woke early and went into two Soyuz vehicles ready to rocket back to Earth just in case.

The debris came closest at 2:38 a.m. EDT. It wasn't noticed until Friday, too late to move the International

Friday, March 23, 2012

Flames fans second-guessing Sutter

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The sports radio call-in shows were crackling after the Calgary Flames latest setback, a 3-2 shootout loss to the Minnesota Wild on Thursday night.

Not only were fans phoning in to express their angst over the team blowing a two-goal lead against Minnesota; much of the talk had to do with the players coach Brent Sutter selected for the shootout – Matt Stajan, Lee Stempniak, Blair Jones and Blake Comeau.

Not getting to shoot were Jarome Iginla, Alex Tanguay, Curtis Glencross or Olli Jokinen, the Flames’ top four scorers. That had fans second-guessing Sutter saying if the team was going

Thursday, March 22, 2012

Ireland dashes Canada's cricket dreams at qualifying tourney

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Ireland ended Canada's dream of qualifying for the Twenty20 World Cup on Thursday, defeating the Canadians by 10 runs in preliminary final action at a qualifying tournament.

Top-seeded Afghanistan, meanwhile, advanced to the final and qualified for its second consecutive Twenty20 World Cup with a 47-run win over Namibia.

The impoverished South Asian nation will now travel to Sri Lanka later this year to play in the Twenty20 World Cup. Afghanistan lost both of its group matches, to India and South Africa, at the 2010 edition.

One other spot is still up for grabs at the 16-team qualifying tournament featuring ICC associate and affiliate countries. No. 7 Namibia will play either No. 2 Ireland or the No. 3 Netherlands, who meet Friday.

The

Wednesday, March 21, 2012

Kosovo's privatisation process is under scrutiny

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Kosovo is taking a hard look at its privatisation process in light of recurring complaints.

By Muhamet Brajshori for Southeast European Times in Pristina -- 21/03/12

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Feronikel was privatised five years ago, and is still in business, but operates amid concerns for workers' safety. [Reuters]

On paper at least, it looks like a great idea. The government sells a business, gets out from under the yoke of management, and money from the sale helps to fund the state budget.

But in Kosovo, critics say the legal process involved with privatisation is both complex and politically charged, which will have a long-term impact on the economy. They say some owners or employees can take advantage of specific loopholes while others get almost nothing. There is also an ethnic

Kosovo's privatisation process is under scrutiny

0 comments
Kosovo is taking a hard look at its privatisation process in light of recurring complaints.

By Muhamet Brajshori for Southeast European Times in Pristina -- 21/03/12

photo

Feronikel was privatised five years ago, and is still in business, but operates amid concerns for workers' safety. [Reuters]

On paper at least, it looks like a great idea. The government sells a business, gets out from under the yoke of management, and money from the sale helps to fund the state budget.

But in Kosovo, critics say the legal process involved with privatisation is both complex and politically charged, which will have a long-term impact on the economy. They say some owners or employees can take advantage of specific loopholes while others get almost nothing. There is also an ethnic

Tuesday, March 20, 2012

Romney looks to quash Santorum's momentum in Illinois

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If this is Tuesday, it must be another critical primary day for Javelin and Petrus.

Those would be the Secret Service code names of Mitt Romney and Rick Santorum, who, for the fourth Tuesday in a row, are battling for their political lives in a Republican presidential race that was supposed to have ended weeks ago.

Javelin (the security handle for Mr. Romney as revealed by GQ magazine) is hoping that a big win in diverse, industrial Illinois will quash the Petrus insurgency once and for all.

Illinois is Barack Obama’s home state and the President is expected to carry it easily in the fall election.

But the outcome of the primary between Mr. Santorum

Monday, March 19, 2012

Builders Remain Optimistic About Housing Market

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A key reason homebuilders are more optimistic is that they have seen more people express interest in buying a home.

Enlarge Elise Amendola/AP

A key reason homebuilders are more optimistic is that they have seen more people express interest in buying a home.

A key reason homebuilders are more optimistic is that they have seen more people express interest in buying a home.

Elise Amendola/AP

A key reason homebuilders are more optimistic is that they have seen more people express interest in buying a home.

Homebuilders' feelings about the current housing market haven't changed from February. But many are growing more optimistic that sales could pick up in the coming months.

The National Association of Home Builders/Wells Fargo said Monday that its builder sentiment index was unchanged this month at 28, the highest level since June 2007. The flat reading followed five straight increases.

Builders expressed more confidence in sales over the next six months. A separate gauge measuring that outlook rose for the sixth straight month, from 34 to 36.

Even with the brighter outlook, the industry has a long way to go. Any reading below 50 indicates negative sentiment about the housing market. The index hasn't reached 50 since April 2006, the peak of the housing boom.

A key reason homebuilders are more optimistic is that they have seen more people express interest in buying a home. And rising interest

Sunday, March 18, 2012

Where quality of death can enhance quality of life

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Andrée Hoffman lay on a gurney, the outline of her body visible under a floral comforter. Her daughter Basia Hoffman, in her 50s, was a few feet away, playing Beethoven's Moonlight Sonata on the piano, hours after her 90-year-old mother's death. No one was in a hurry to go to the funeral home.

When the time finally came, those who loved Ms. Hoffman gathered around her body for a procession through the halls of Toronto's Kensington Hospice to the front door. In her final days, the staff had given her oxygen to ease her breathlessness, narcotics to help with pain and baths to keep her clean. They even cooked breakfast for her family – the scent of pancakes and eggs lingered in the air, a smell of home.

“You almost feel

Saturday, March 17, 2012

U.S. Factory Output Rose Modestly In February

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U.S. factories stepped up production in February for the third straight month, helping the economy recover and driving the best job growth since the recession ended.

The Federal Reserve said Friday that the output of the nation's factories rose 0.3 percent last month. That followed even stronger increases in January and December, which combined for the best two month stretch since 1998.

Overall industrial production, which includes output by mines and utilities, was unchanged. Mining activity declined sharply and utilities were flat.

Separately, inflation was mostly mild in February outside of a sharp jump in gas prices. The Labor Department said the consumer price index increased 0.4 percent. Gas prices rose 6 percent to account

Thursday, March 15, 2012

Girl With Cerebral Palsy Has Transportation Funding Taken Away

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Girl With Cerebral Palsy Has Transportation Funding Taken Away Share

Girl With Cerebral Palsy Has Transportation Funding Taken Away

 

A four-year-old girl born in the UK who was born with cerebral palsy and requires a 100-mile-per-day trip to get to the specialist school she requires will not have her transportation funded by the county she lives in.

Cerebral Palsy Attorney: According to the Watford Observer, the Hertfordshire County Council recently ruled that it would no longer pay for Madelene Mae Cowan's transportation to the PACE centre in Aylesbury, which she has attended for the last year and a half.

Instead, the

Wednesday, March 14, 2012

Greek corporations work to win back sceptics

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A new ad campaign aims to recalibrate Greece's image, with an eye to luring back foreign investors.

By Maria Paravantes for Southeast European Times in Athens -- 14/03/12

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Corporate sponsors are working to reassure foreign investors that the economic situation has stabilised. [Reuters]

"Give peace a chance" may have started off as the anthem to the American anti-war movement in the 1970s. But a one-word change to John Lennon's 1969 hit -- making it "Give Greece a Chance" -- is the motto behind the ongoing "Greece is Changing" campaign, the latest initiative launched by the country's leading businesses to challenge international perceptions.

In all, 20 Greek companies -- including Athens International Airport,

Tuesday, March 13, 2012

Ugandans hope Kony spotlight shifts to more urgent problem: 'Nodding disease'

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With Uganda suddenly in the global spotlight because of a viral video phenomenon, Ugandans are hoping for help on a long-neglected problem: a mysterious neurological illness that has afflicted thousands of children.

The illness, known as “nodding disease,” is a bizarre and often fatal ailment with unknown causes and no known cure. It has sickened about 4,000 children and killed about 200 in remote corners of northern Uganda since 2010, and thousands more are suffering from the condition in Tanzania and South Sudan.

The viral video, produced by a California-based activist group called Invisible Children, devotes its attention instead to Joseph Kony, leader of the Lord’s Resistance Army, a rebel militia that has kidnapped thousands of children over the

Monday, March 12, 2012

Santorum, Gingrich Eye Southern Primary Victories

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Mississippi and Alabama hold Republican primaries Tuesday. The two Southern contests are crucial for former Pennsylvania Senator Rick Santorum and former House Speaker Newt Gingrich. They have been working to pry votes away from Mitt Romney.

Source: NPR : National Public Radio

Sunday, March 11, 2012

March 10: Your daily horoscope

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IF TODAY IS YOUR BIRTHDAY:

Pisces is not renowned as a practical sign but over the course of the coming year you will surprise a few people with how well and how quickly you build something of lasting value. You have important cosmic work to do.

ARIES (March 21 - April 20):

If you’re not careful you will get so much work heaped on your shoulders this weekend that you find it hard to cope. You may be stronger than those around you but that does not mean they can take liberties.

TAURUS (April 21 - May 21):

If your sixth sense tells you something you must act to it, no matter what other people might say to the contrary.

Saturday, March 10, 2012

Uruguay and US will attend Americas’ summit: Cuba and Ecuador absent

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Ecuadorean president Correa: a Americas’ summit must include all countries Ecuadorean president Correa: a Americas’ summit must include all countries

“The exclusion of a hemispheric country from a summit which encompasses all countries of the region is inadmissible and we are going to bring it up at the summit when we have the opportunity”, said Almagro speaking with reporters in Montevideo.

He added that Uruguay fully supports the Colombian efforts in the organization and attendance of the summit. Colombian president Juan Manuel Santos has just come back from a visit to

Friday, March 9, 2012

Eye on the prize: Balkan countries still committed to EU membership

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EU enlargement may be taking a backseat to financial concerns right now, but accession remains a strategic goal for several governments, despite the sometimes significant reforms it entails.

By Biljana Pekusic in Belgrade, Linda Karadaku in Pristina, Biljana Lajmanovska and Klaudjia Lutovska in Skopje -- 09/03/12

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Membership in the EU means opportunities, most agree. [Reuters]

Although the EU faces severe challenges from the weakened economy and struggles to avoid financial catastrophe in Greece, Portugal and Spain, membership in the confederation remains an important goal for nations in the Western Balkans.

Croatia is scheduled to become the EU's 28th member next year, and Macedonia is campaigning for an invitation this spring. Serbia is reveling it its newly-won status as an EU candidate, while Kosovo, independent for only four years, is only starting the process.

"The countries of Western Balkan are part of Europe, they have always been and they will always be. Challenges of the 21st century are global challenges and no single and small country can face them alone. We need to be strong as Europeans; only a strong European Union can be a strong and credible player in the international scene," Tanja Fajon, the European Parliament's rapporteur on visa liberalisation for the Western Balkans, told SETimes.

"I am convinced that EU

Thursday, March 8, 2012

Serwis komputerowy

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W internecie funkcjonuje na chwil? obecn? co w ?adnym wypadku kilkana?cie solidnych serwisów internetowych, w których zyskujemy mo?liwo?? dodania w?asnego artyku?u, podczas gdy plus skorzystania z tre?ci przygotowanych przy u?yciu innych autorów. Serwisy o takiej tematyce maj? przede wszystkim kropka nad i promocyjny – pozwalaj? dawa? awans twoj? stron? internetow?, twoje us?ugi jednakowo? podobnie po prostu twoj? twórczo??. serwis komputerowy krakówStrony te daj? równie? w dodatku byt innego… W zasadzie podstawowym celem umieszczania artyku?ów tematycznych w takich serwisach, jest fina? wy?ej wymieniony ?ci?le promocyjny. Artyku?y do przedruku mog? opiewa? aktywne odno?niki a? do serwisów internetowych, za? tym samym zdobywa? gwoli

Wednesday, March 7, 2012

Tiger Airways cleared to add extra flights

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tiger

Tiger plans to set up a second base in Sydney. Picture: Getty Source: Getty Images

LOW-cost carrier Tiger Airways says it will set up a second Australian base in Sydney as aviation regulators ease restrictions on the troubled airline.

The move comes as the Civil Aviation Safety Authority (CASA) granted permission to almost double the number of sectors Tiger can fly each day, from 38 up to 64 sectors from October, the Australian reported.

The increase will be implemented gradually from July.

Tiger also announced today it would have three Airbus A320 aircraft flying out of Sydney, adding about 3600 seats a day in and out of the city's airport. These included new Sydney-Brisbane and Sydney-Gold Coast services.

The base would

Tuesday, March 6, 2012

As Elkhart's Electric Dreams Fizzle, RVs Come Back

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Most of these electric cars on the Think factory floor in Elkhart, Ind., are finished and ready to go, waiting to be sold. Some are merely waiting to be delivered to their new owners.

Enlarge David Schaper/NPR

Most of these electric cars on the Think factory floor in Elkhart, Ind., are finished and ready to go, waiting to be sold. Some are merely waiting to be delivered to their new owners.

Most of these electric cars on the Think factory floor in Elkhart, Ind., are finished and ready to go, waiting to be sold. Some are merely waiting to be delivered to their new owners.

David Schaper/NPR

Most of these electric cars on the Think factory floor in Elkhart, Ind., are finished and ready to go, waiting to be sold. Some are merely waiting to be delivered to their new owners.

Elkhart, Ind., is known as the RV capital of the world. The city suffered badly when the recession hit, and demand for recreational vehicles all but screeched to a halt. That's when local and state leaders started looking for ways to bolster the area's manufacturing industry.

Eventually, the unemployment rate in the city along the Michigan border soared to 20 percent — the highest in the nation at the time.

Electric cars were supposed to help revive Elkhart's economy. President Obama visited twice, promising stimulus funds to spark a new economic engine in electric vehicles. Those jobs never materialized. But like other hard-hit factory towns in the Midwest, Elkhart is starting to improve. And its RV industry is leading the way.

A Car Factory With 2 Employees

From the outside, Elkhart's Think Electric Vehicle factory looks deserted. There isn't a single car in the parking lot; the doors are all locked; the windows are dark.

It's not until you wander all the way around to the back of the 200,000-square-foot facility that there is a sign of life: one door left slightly ajar. Inside, several dozen brightly colored tiny electric cars sit in neat rows.

"All these cars are finished," says Rodney Smith, plant supervisor for Think EV. Pointing at cars that are painted red, blue and black, he says, "They're all finished and ready to go; we could hop in one of these and go down the road right now."

Supervisor Rodney Smith is one of only two workers still working at the Think electric car plant in Elkhart.

Enlarge David Schaper/NPR

Supervisor Rodney Smith is one of only two workers still working at the Think electric car plant in Elkhart.

Supervisor Rodney Smith is one of only two workers still working at the Think electric car plant in Elkhart.

David Schaper/NPR

Supervisor Rodney Smith is one of only two workers still working at the Think electric car plant in Elkhart.

There are about 120 of these road-ready models, called the Think City — a little two-seat fully electric coupe that has a range of about 100 miles before it needs to be recharged.

"It's fun to work on," Smith says of the City car. "They're good little cars. They run great."

But at the plant, there are 32 more cars that are not yet fully assembled, he says. They're waiting for parts to come in; as components arrive, Smith and another worker finish putting the cars together.

"That's currently what we're doing; we're just in a standby position," he says. "We're continuing to sell cars. We're continuing to produce cars. It's just the two of us that are here."

That's right — just two employees are working in this auto plant. At its peak, the plant employed 25 workers. Then two waves of layoffs dropped the payroll down to just two people. It's a far cry from the more than 400 people the Think company promised it would hire two years ago.

Betting On A Boom In Electric Cars

Backed by federal stimulus funding, state development grants, and tax credits, Think announced plans to produce thousands of electric cars in Elkhart annually.

Other companies lined up to make electric cars and trucks, and their parts, too, as Elkhart County, a place long known for producing gas-guzzling recreational vehicles, set out to jump-start its flat-lining economy with electric vehicles.

Since 2000, Elkhart County's average yearly jobless rate rose to nearly 20 percent; it remains above national levels. A look at annual rates:

Elkhart County's unemployment rate has risen by more than 10 percent since 2000.

Source: Indiana Dept. of Workforce Development/U.S. Bureau of Labor Statistics

Credit: Nelson Hsu, NPR

During his State of the State address in 2010, Indiana Gov. Mitch Daniels said, "Our goal is to be the capital of this potentially massive industry of tomorrow."

But two years later, Elkhart's electric buzz has gone all but bust. Two local electric startup companies never got off the ground. Navistar is manufacturing short-range electric delivery trucks, but not yet at the level the company had hoped.

And the Think plant has delivered only about 200 electric cars, many of them to government fleets. The parent company, Think Global of Norway, filed for bankruptcy last summer.

"The results were not anywhere what they thought they would be," says Elkhart Mayor Dick Moore. "We were looking at investment of, I think, $4.5 million in real property, about $55 million in personal property, and 415 jobs. None of that has taken place."

Even those interested in driving small and quiet electric vehicles have concerns about the battery life and range, as well as the cost. The Think cars are rather expensive for such a tiny little thing — more than $40,000, before government tax credits and incentives.

"Perhaps we as Americans just can't get over the enjoyment, the love that we have to get behind the wheel of a big powerful automobile,"

Monday, March 5, 2012

It's Not Just Fukushima: Mass Disaster Evacuations Challenge Planners

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MASS EVACUATION: More than 180 million people live within 50 miles of a nuclear power plant in the U.S.--the radius the U.S. suggested be evacuated during the nuclear crisis at Fukushima Daiichi. Image: © Taber Andrew Bain

On March 11, 2011, Japan suffered a massive earthquake and subsequent tsunami that destroyed roads, bridges, and buildings; killed nearly 16,000 people; and critically disabled three reactors at the Fukushima Daiichi nuclear power plant. By March 12, the U.S. Nuclear Regulatory Commission (NRC) was already considering urging Americans within 50 miles of the stricken nuclear reactors to evacuate, given an explosion in Unit 1 that destroyed the reactor building and exposed spent nuclear fuel

Sunday, March 4, 2012

Top-ranked prospect Heenan withdraws from CFL evaluation camp

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Ben Heenan’s day ended prematurely at the CFL evaluation camp.

The Saskatchewan Huskies highly rated offensive lineman had to withdraw from the camp prior to the start of one-on-one drills due to a hip ailment.

The six-foot-four, 310-pound Heenan came into the weekend evaluation camp as the top-ranked prospect for this year’s CFL draft.

Heenan ran the 40-yard dash and took part in the shuttle run agility drill but was noticeably absent when the offensive and defensive linemen came together to run one-on-one drills.

Heenan took part in medicals and team interviews Friday and was second overall yesterday in the

Saturday, March 3, 2012

From young to old, second Greek bailout deal hurts almost everyone

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Greece says the austerity programme will keep the country together, but others say it tears it apart.

By Andy Dabilis for Southeast European Times in Athens – 03/03/12

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Police, firefighters and coast guard protested on Tuesday (February 28th) in Athens against planned wage and pension cuts. [Reuters]

When Stavros Karkaletsis looks at the deal Greece signed with international lenders to get a second bailout, he sees his country defenseless -- fighter jets parked because there's not enough fuel.

Thanassi Antoniou, nearing 83, sees himself back at the sewing desk where he worked as tailor for half a century because the government keeps pecking away at his shrinking pension.

From cutbacks for the elderly, to a minimum wage slashed to 22% -- 32% for those younger than 25 -- Greeks fear a cradle-to-grave decline in their standard of living, although the government said the bargain has saved the country for future generations.

Interim Prime Minister Lucas Papademos pushed the package to ratify a second bailout from the EU-IMF-ECB Troika -- this one for 130 billion euros to compliment an ongoing series of 109 billion in loans from a first -- through parliament, but with more of the same austerity measures that have pushed Greece into a deep recession.

Unemployment is near 21% -- 48% among the young

Friday, March 2, 2012

Pets at Home appoints new CEO

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Following the news that current CEO Matt Davies will be leaving Pets at Home after 10 years, the retailer has announced the new appointment of Nick Wood, former boss at DSG International (now Dixons Retail).

Pets at Home appoints new CEO


Mr Wood spent 10 years with DSG, where he was a member of the group's executive committee and held a number of senior management roles, including MD of Dixons, during which time he is credited with transforming the fortunes of the electricals retailer.

Mr Wood joins Pets at Home after four years as CEO of American Golf, a private equity backed specialty golf retailer with

Thursday, March 1, 2012

Baby python stolen from Dobbies garden centre

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An 18-inch long 'hatchling' python has reportedly been swiped from Dobbies Garden World in Stirling.

Royal python snakes are not poisonous and are said to 'rarely bite'
Royal python snakes are not poisonous and are said to 'rarely bite'


The royal python, which is dark green with light green markings, was stolen from a glass case on Friday, February 24. It is the second time in just over a year that a python has been stolen from the store.

Last October Anthony Quinn, who allegedly used to keep an alligator in his bathtub, was jailed for five months after sneaking out of the same centre with a 50cm snake in his pocket.