Daily Digest 2/2 - IMF Hits Argentina With First-Ever Censure, China's Toxic Sky
Brian Stewart: More espionage now than during the Cold War (Nervous Nelly)
The Canadian government has done everything it can to play down the espionage damage done to this country and our allies by naval Sub-Lt. Jeffrey Delisle.
But the case continues to rumble through the Western intelligence world as one of the biggest spying debacles possibly in decades.
IMF hits Argentina with first-ever censure of a country (Nervous Nelly)
Buenos Aires benefits from understating the data, because a large part of its sovereign debt is indexed to inflation.
The IMF and Argentina have a long history of troubled relations, with successive governments blaming the Fund for domestic economic failures and the country's deep troubles in international debt markets.
Is capitalism ignoring the writing on the wall? (westcoastjan)
Harvard Professor Clay Christensen explained the difference, in the business world, with his 1997 breakout book “The Innovator’s Dilemma”. I interviewed him at Harvard in 2005 about his theory of disruptive innovation and how the failure to recognize the dangers, and opportunities, in changing circumstances have devastated many industries from steel to retail, telecoms, the media and others.
The Supreme Court’s ruling overturns a controversial Ontario Court of Appeal decision that had put pension plans first in line to receive funds following a court supervised sale of the company under a federal law called the Companies’ Creditors Arrangement Act or CCAA.
Oliver, though, said the proposal would have to jump through fewer environmental hoops and take less time than two controversial pipeline projects in the West — the Northern Gateway pipeline through British Columbia and TransCanada’s Keystone XL line into the United States.
Chevron, the second-largest U.S. energy company, bought 50% of the Kitimat LNG project last year from Encana Corp. and the Canadian unit of EOG Resources Inc. for an undisclosed sum. As part of that deal, the San Ramon, Calif.-based oil major also scooped up a 50% stake in the Pacific Trails Pipeline, plus more than 300,000 net acres of prospective shale gas properties in northeastern British Columbia.
In his design, a bar of soap comes in a nontoxic package that can go in the shower; when it gets wet, the package dissolves, and you're left holding only the soap. The paper wrapping can be printed and embossed just like a regular box, but the design is a little different— Mickelson wanted to make sure that people wouldn't absentmindedly tear the package open and throw it out, so he intentionally made it hard to tear.
China's Toxic Sky (jdargis)
Since the beginning of this year, the levels of air pollution in Beijing have been dangerously high, with thick clouds of smog chasing people indoors, disrupting air travel, and affecting the health of millions. The past two weeks have been especially bad -- at one point the pollution level measured 40 times recommended safety levels. Authorities are taking short-term measures to combat the current crisis, shutting down some factories and limiting government auto usage. However, long-term solutions seem distant, as China's use of coal continues to rise, and the government remains slow to acknowledge and address the problems.
Air pollution from China reaches Japan, other parts of Asia (Nervous Nelly)
Beijing has been suffering severe air pollution this winter, with thick smog blanketing the capital and concentrations of PM 2.5 pollutants exceeding hazardous levels on more than 15 days in January.
Experts say China has failed to regulate air pollutants such as vehicle emissions, which have grown amid the country's rapid economic development.
"Most analysts agree that cod stocks today are no where near healthy numbers, though some fishermen say they've netted more cod recently than in the past. Still, the Gulf of Maine has hit only about 18% of target levels, while Georges Bank fared far worse at around 7%, according to NOAA.
A government survey found that Gulf of Maine cod, considered a top earner, were so depleted that even if the fishing industry were to shut down completely, it would still not recover to the levels mandated by federal law by 2014."
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