Hello world,
The News Topics are in red, with information about them hyperlinked below. However, the most important information comes from the bold questions underneath the hyperlinks. Pay attention people, this stuff is important.
Sincerely,
Big Brother
Climate Change and the Increased intensity of Natural Disasters worldwide
These two articles show that scientists support the theory that global climate change is creating weather conditions more condusive to natural disasters resulting in heavy damage to property and loss of life.
When will the world start taking climate change seriously? How can these issues be addressed? Will everybody play by the same set of rules to protect the stability of the Earth’s climate?
Depletion of Oil Resources
“ the United Arab Emirates has been reporting 97.8 billion barrels of oil reserves every year since 1997.Kuwait has been reporting 104 billion barrels each year since 2008. Iraq shows long periods from 1980 onward when reserves don't change, the latest running from 2004 to 2011 during which reserves supposedly held absolutely steady at 115 billion barrels. Algeria has reported 12.2 billion barrels from 2008 onward. At least Saudi Arabia has demonstrated a certain sensitivity to appearances and has adjusted its reserves number slightly from year to year. And yet, that number has remained within a narrow range of 260 to 267 billion barrels from 1991 to the present. All of these numbers suggest that depletion from existing fields is taking absolutely no toll on OPEC's reserves.”
-Is the Earth running out of oil? How will the major powers to respond to an oil crisis? Is there a response that won’t cause an extreme worldwide economic downturn?
Iran, Israel and Nuclear Energy and Weaponry
Israel wants the US to step up to crush Iran’s nuclear ambitions.
Israel represents a stronghold for the US in the middle East, if they do not
-China, Russia, US, Germany France, and UK hold talks discussion how Iran’s nuclear program creates a challenge to the stability of Global Politics
If these talks break down what will happen?
-Canada Preps for War with Iran, instability caused by them
Could this start another world war? With potential nuclear consequences?
Global Financial Turmoil, Crisis: Investment Banks and Government Debt
LIBOR
Sets the benchmark rate for loaning money globally
All money loaned in the world starts from the interest rate set by LIBOR
manipulation of this rate calls into question the trustworthiness of large scale banks.
On the “Too big to fail” banks
“Britain, Switzerland and the United States, frustrated by the slow pace of reform, have drawn up plans giving their local regulators power to step in should a major lender go bust.
But they still need a global deal to give those same powers to regulators worldwide if the laws are to be effective.”
“A four-year, nearly $6 trillion leap in U.S. debt brings the total U.S. deficit to $16 trillion, which has prompted German Finance Minister Wolfgang Schaeuble to highlight the global impact of November’s U.S. elections.
Speaking to the Bundestag lower house of parliament regarding the 2013 German budget, Schaeuble said the still snowballing U.S. debt is a “burden for the global economy.”
“Despite the Eurozone's policy actions so far based on imposed constraints and austerity measures, the Eurozone crisis is spreading, with a looming "fiscal cliff" and serious risks to the European banking system, the viability of the euro, and threats to the European integration process.”
"the small set of globally influential political actors can construct a reformed world organization from a loosely connected network of transnational regimes - and, if so, in such a manner that a change of course, toward a global domestic policy without a global state"
Is another global financial crisis looming? How would the collapse of the Euro and insustainable debt in the United States impact the Global financial system? What about these huge banks? Can they ever be trusted? Oversight hasn’t worked, how would these banks be affected by a potential crisis starting in Europe? Could an event set off this crisis? What would be the consequences if a crises occurred?
How Effective is the United Nations?
“The G20 should to be replaced by a legitimate and effective global economic governing body, according to new research in the September issue of the London School of Economics and Political Sciences’ journal Global Policy published today. The research paper argues that the G20’s membership does not meet defensible criteria, and cannot be “reverse engineered” from a formula based on a country’s global economic importance. There is no mechanism for adding or dropping countries as their relative economic importance changes over time.”
"Louise Kantrow, permanent representative of the International Chamber of Commerce, received thunderous applause when she told her audience June 19 that “businesses are taking the lead” in global negotiations on climate change and sustainable development.
For many observers, Ms. Kantrow’s blunt words highlighted just how strong of a grip private multinational companies have upon supposedly democratic processes.
In a statement aptly titled “Reclaim the UN from corporate capture,” the environmental organization Friends of the Earth (FoE) complained that, “There are … real concerns about the increasing influence of major corporations and business lobby groups within the UN.”
Without a worldwide regulation, these corporations relocate to whichever country requires the fewest regulations on everything from working conditions, environmental constraints, and taxes. When is the world going to take action as a whole and start regulating these Multinational Corporations?
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