|EUROPE: Europe to Allow Two Bans on Genetically Altered Crops|
by James Kanter, New York Times
March 2nd, 2009
European Union governments delivered a blow Monday to the biotechnology industry, allowing Austria and Hungary to maintain national bans on growing genetically modified crops from Monsanto. The market for genetically engineered crops is worth several billion dollars worldwide.
|CANADA: The Canadian Oil Boom: Scraping Bottom|
by Robert Kunzig, National Geographic
March 1st, 2009
Once considered too expensive, as well as too damaging to the land, exploitation of Alberta's oil sands is now a gamble worth billions.
Syncrude and Suncor are two of the largest producers of bitumen; Canada is now the largest importer of oil to the United States, with tar sands exploitation slated to increase rapidly over the next five years.
|CHINA: Morgan Stanley’s Chinese Land Scandal|
by David Barboza , New York Times
March 1st, 2009
In a Securities and Exchange Commission filing, Morgan Stanley said it had fired an executive in its China real estate division after uncovering evidence that he might have violated the United States Foreign Corrupt Practices Act, which bars American business people from bribing foreign officials.
|SWITZERLAND: UBS Names Grübel as New CEO|
by Carrick Mollenkamp, Wall Street Journal
February 26th, 2009
UBS AG, the Swiss bank battered by massive write-downs and its role in a U.S. tax-evasion scheme, announced the surprise departure of chief executive Marcel Rohner. Mr. Rohner's sudden departure comes after UBS agreed earlier this month to a $780 million settlement with the U.S. Justice Department of a criminal inquiry into the bank's role in the tax evasion.
|US: Mr. Whipple Left It Out: Soft Is Rough on Forests|
by Leslie Kaufman, New York Times
February 25th, 2009
The U.S. obsession with soft toilet paper has driven the growth of brands like Cottonelle Ultra, Quilted Northern Ultra and Charmin Ultra. But fluffiness comes at a price: millions of trees harvested in North America and in Latin American countries, including some percentage of trees from rare old-growth forests in Canada.
|MEXICO: U.S. Is Arms Bazaar for Mexican Cartels |
by James C. McKinley, Jr., New York Times
February 25th, 2009
Phoenix-based gun dealer George Iknadosian of X-Calibur Guns will go on trial on charges he sold hundreds of weapons, mostly AK-47 rifles, to smugglers, knowing they would go to a drug cartel in the western state of Sinaloa. The guns helped fuel the gang warfare in which more than 6,000 Mexicans died last year.
|UK, ITALY: Italian business body hits at Brown|
by Jean Eaglesham, Financial Times
February 9th, 2009
In the context of global debate around the unfettered free-market system, UK Prime Minister Gordon Brown comes under fire from an Italian business association for not reining in wildcat labor strikes at the Lindsey oil refinery in Lincolnshire.
|JAPAN: Nissan to Slash Payroll, Pare Japanese Output |
by John Murphy, Wall Street Journal
February 9th, 2009
Nissan Motor Co. Monday announced plans to slash more than 20,000 jobs world-wide, shift production out of Japan and seek government assistance from Japan, the U.S. and elsewhere, part of a broad new effort by the Japanese car maker to weather the economic downturn.
|US/WORLD: Smokeless Tobacco to Get Push by Venture Overseas|
by Kevin Helliker, Wall Street Journal
February 4th, 2009
Swedish Match AB and Philip Morris International Inc. announced a joint venture Tuesday to market smokeless tobacco world-wide. The venture combines a world-wide giant in smokeless, Swedish Match, with the world's second-largest purveyor of cigarettes, PMI, an Altria Inc. spinoff.
|INDIA: Bail Opposed for Raju|
by Eric Bellman and Jackie Range, Wall Street Journal
January 28th, 2009
Prosecutors pursuing the fraud at Satyam Computer Services Ltd. said Tuesday the Indian technology outsourcer's founder, B. Ramalinga Raju, should be denied bail because he could slow the investigation if released.
|US: Rubin Leaving Citigroup; Smith Barney for Sale|
by Eric Dash and Louise Story, New York Times
January 9th, 2009
Robert Rubin will resign from the beleaguered Citigroup. As Treasury secretary during the Clinton administration, Mr. Rubin helped loosen Depression-era banking regulations that made Citigroup's creation possible. He also helped beat back tighter oversight of exotic financial products during that time.
|US: Plea by Blackwater Guard Helps Indict Others|
by GINGER THOMPSON and JAMES RISEN, New York Times
December 9th, 2008
On Monday, the Justice Department unsealed its case against five Blackwater private security guards, built largely around testimony from a sixth guard about the 2007 shootings that left 17 unsuspecting Iraqi civilians dead at a busy Baghdad traffic circle.
|CANADA/IRAQ: Drill, Garner, Drill|
by Anthony Fenton, Mother Jones
November 24th, 2008
In the history of the Iraq War, one name is perhaps synonymous with the collapse of the Bush administration's hopes for a post-Saddam world: Retired Lt. General Jay M. Garner, who served as the first post-war administrator. This year, he and a small group of former US military leaders, officials, and lobbyists have quietly used their Kurdistan connections to help Canadian companies access some of the region's richest oil fields.
|ARGENTINA: Is GlaxoSmithKline Behaving Badly in Argentina?
by AINA HUNTER, ABC News
September 23rd, 2008
Michaela, a deceased 5 month old, is one of more than 13,000 Argentine children to participate in a clinical study implemented a little more than a year ago by the London-based GlaxoSmithKline, the world's second-largest drug manufacturer.
|INDIA: Decades Later, Toxic Sludge Torments Bhopal|
by Somini Sengupta, New York Times
July 7th, 2008
Residents of Bhopal, India continue to suffer from Union Carbide's toxic legacy, this time in the form of toxic waste that still languishes inside a shoddy warehouse on the old factory grounds. Ailments such as cleft palates and mental retardation are appearing in numbers of Bhopali children, raising questions about contaminated soil and groundwater, clean-up, and liability.