In a statement, the so-called Eurogroup of finance ministers from the 19 countries that use the euro said they approved the Greek proposals in an afternoon conference call, after having consulted with Greece’s other major lenders, the International Monetary Fund and the European Central Bank.
The vast majority of jobs are still outside city centers, the result of a retreat from America’s cities that has been going on for decades. At the beginning of the 20th century, people lived and worked in high-density areas and walked where they needed to go. By the 1950s, most lived in suburbs and commuted to work in cities. In the decades that followed, employers decamped to the suburbs, too. By 1996, only 16 percent of metro area jobs were within a three-mile radius of downtowns, according to the economists Edward Glaeser and Matthew Kahn.
A Student Debt Revolt Begins (jdargis)
On Monday, Heiney and fourteen other people who took out loans to attend Corinthian announced that they are going on a “debt strike,” and will stop repaying their loans. They believe that they have both ethical and legal grounds for what appears to be an unprecedented collective action against the debt charged to students who attended Corinthian schools, and they are also making a broader statement about the trillion dollars of student debt owed throughout the country.
“I’m in the fourth quarter of my presidency — or, as some of you might call it, the kickoff for your campaign season — but I think there’s still a lot that we can get done together,” Mr. Obama told the governors at the White House, where they were wrapping up their winter meeting.
He said it was time to “move past some of the habits of manufactured crisis and self-inflicted wounds” that he said had been created by Congress, including the threat of a shutdown of the Department of Homeland Security because of a dispute over Mr. Obama’s recent immigration directives.
It is popular these days to speculate about why Saudi Arabia cajoled its OPEC allies into maintaining oil production in the face of flagging world demand. As the price the world pays for oil and oil products has plummeted, the price OPEC members are paying in terms of lower revenues is high, even unbearable for those who didn’t save up for just such a rainy day. Was the real reason for the decision to maintain production the desire to undermine rising U.S. tight oil production–which has now proven embarrassingly vulnerable to low prices after years of triumphalist talk from the industry about America’s “energy renaissance”? Were the Saudis also thinking of crippling Canada’s high-cost tar sands production? Was it Sunni Saudi Arabia’s wish to undermine its chief adversary in the region, Shiite Iran? Was the Saudi kingdom doing Washington’s bidding by weakening Russia, a country that relies so heavily on its oil export revenue?
Republicans made Keystone XL their first order of business in the 114th Congress after gaining a majority of seats in both chambers.
Oil: Shocking how vital it still is (pinecarr)
As a recent report from the accountants PwC revealed, emerging economies, most notably China and other fast-growing Asian economies, account for nearly half of all infrastructure spending (that’s the development of cities and factories, in the main).
That’s up more than 10% since 2006. And it all adds to oil demand.
Portland residents can now generate green electricity simply by turning on their water taps and flushing their toilets. Fast Company reports that the Oregon city is using a state-of-the art system to capture energy from water flowing through the city’s pipelines. Small turbines installed inside the pipelines are turned by the flowing water, sending energy into a generator and off into the power grid.
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