Britain Must Give More Incentives for Clean Energy, Adviser Says
©2015 Bloomberg News NQPQI06S972H (Bloomberg) — U.K. ministers must extend incentives for low-carbon energy production to spur investments into the next decade, the government’s global-warming adviser said. Clear policies are required now to ensure Britain stays on course to meet self-imposed greenhouse-gas limits, the Committee on Climate Change said Tuesday
Greece Imposes Capital Controls, Banks Close to Contain Fallout
©2015 Bloomberg News NQOJKT6S9728 (Bloomberg) — Greece moved to avert the collapse of its financial system by shutting lenders and imposing capital controls as of Monday, a measure that will deepen the country’s recession and risk driving it toward an exit from the euro. The move to husband resources followed
Treasuries Surge With Aussie, Japanese Bonds Amid Greece Turmoil
©2015 Bloomberg News NQOJUB6K50XS (Bloomberg) — Treasuries surged along with government bonds in Australia and Japan, as Greece leader Alexis Tsipras’s decision to call a referendum on aid conditions scotched speculation the Mediterranean nation would reach a deal with creditors. Yields on benchmark 10-year U.S. notes headed for the biggest
A Well Thought Out Scream By James Riordan: Teachers in Turkey Attacked by Police During Peaceful Protest
Recently, the teachers union in Turkey decided to demonstrate against some of the policies of the country’s educational system. They organized a rally to demonstrate in favor of secularism in Turkey’s education system. The fuss began back in 2012 with the promotion of Imam Hatip Islamic schools by the government angered many
Terror Attack Leaves French Town Grappling With Fear and Hatred
©2015 Bloomberg News NQNWHQSYF01S (Bloomberg) — The French town where a terrorist decapitated a man and targeted a gas plant is now grappling with the aftermath: a climate of heightened suspicion and division among its 6,000 residents. Neighbors came in groups — walking and peering out car windows — to
Chart: Louisiana’s Unemployment Rate During Bobby Jindal’s Governorship
©2015 Bloomberg News NQH4F46S9729 (Bloomberg Politics) — Louisiana Governor Bobby Jindal swept into office in early 2008 on a message of fiscal conservatism and economic prosperity, and he delivered. During his first term, Jindal oversaw an increase in Louisiana’s credit rating from Standard and Poor’s, and the state’s unemployment rate stayed
Illinois Governor Strikes $4 Billion From Cash-Short Budget
©2015 Bloomberg News NQIMUY6TTDS8 (Bloomberg) — Illinois Governor Bruce Rauner vetoed $4 billion from next year’s budget, calling the Democratic legislature’s spending plan “unbalanced and therefore unconstitutional.” The Republican governor’s action Thursday raises the stakes in a budget stalemate less than a week before the July 1 start of the
NATO Confronts New Russia Threat While Afghan Challenge Persists
©2015 Bloomberg News NQIMJO6JIJUX (Bloomberg) — Even as NATO defense ministers took steps this week to counter what they describe as a new Russian military threat, they were dogged by a security headache they’ve been unable to shake. Almost a dozen years after its involvement in Afghanistan began, the North
U.S. Stocks Fall as Energy Retreat Overshadows Hospitals Rally
©2015 Bloomberg News NQINLZ6JIJUX (Bloomberg) — U.S. stocks fell, with the Standard & Poor’s 500 Index below its average price for the past 50 days, as a drop in energy shares overshadowed a rally in health-care while investors watched for a breakthrough in Greek debt talks. The S&P 500 Index
Greece Edges Closer to Default as Bailout Talks Go to the Wire
©2015 Bloomberg News NQH7756S972F (Bloomberg) — Greece stumbled closer to default as another day of negotiations ended in the early hours without a deal to end the standoff over bailout aid. With the Greek government saying it held firm in the flurry of meetings in Brussels on Wednesday, European Union