Tag Archives: current

Risk of Japan going bankrupt is real, analysts say

Greece's debt problems may currently be in the spotlight but Japan is walking its own financial tightrope, analysts say, with a public debt mountain bigger than that of any other industrialised nation. Public debt is expected to hit 200 percent of GDP in the next year as the government tries to spend its way out of the economic doldrums despite plummeting tax revenues and soaring welfare costs for its ageing population. Based on fiscal 2010's nominal GDP of 475 trillion yen, Japan's debt is estimated to reach around 950 trillion yen — or roughly 7.5 million yen per person. Japan “can't finance” its record trillion-dollar budget passed in March for the coming year as it tries to stimulate its fragile economy, said Hideo Kumano, chief economist at Dai-ichi Life Research Institute. “Japan's revenue is roughly 37 trillion yen and debt is 44 trillion yen in fiscal 2010, ” he said. “Its debt to budget ratio is more than 50 percent.” more at link… added by: WakeUpPeople

Groups call for arrest of West Virginia mine CEO

A coalition of NGOs who say they are fighting against the influence of the US Chamber of Commerce has called for the arrest of Don Blankenship, the CEO responsible for the West Virginia mine where 29 workers lost their lives last week. In a press release on Monday, StopTheChamber.com said Blankenship was “as criminally culpable as any mass murderer” for the disaster at the Upper Big Branch mine in Montcoal, West Virginia, because he had systematically worked to avoid safety regulations. “This was not an accident, but rather the result of deliberate and intentional decisions and actions of Don Blankenship, a director of the United States Chamber of Commerce,” said Kevin Zeese, a founder of the liberal-oriented Velvet Revolution, which runs the StopTheChamber.com site. “Blankenship, with the lobbying army of the Chamber to back him up, has thumbed his nose at the Mine Safety and Health Administration, ignoring or appealing every violation, including the scores that resulted in coal mine evacuations and the hundreds of other serious violations,” Zeese said in a statement. Zeese added, “As the Washington Post pointed out in a Saturday editorial, these 29 deaths would not have occurred absent this intentional conduct of Blankenship. He is just as criminally culpable as any mass murderer.” more at link… added by: WakeUpPeople

Kyrgyzstan’s new leader tackles challenging job

The nice thing about people new to power is they haven't yet learned the pretensions of state. link : http://edition.cnn.com/2010/WORLD/asiapcf/04/11/kyrgyzstan.otunbayeva/index.html added by: suzane

Species of Invasive Fish Walk on Land, Climb Trees

Australia has long battled with all sorts of harmful, invasive species–and wildlife authorities are concerned that they may soon be facing a new threat from what may be one of meanest-looking of unwelcome guests. Link: http://www.treehugger.com/files/2010/04/species-of-invasive-fish-walk-on-land-cl… added by: Healthylivinggal

The Pope Took Days to Defrock Archbishop Who Defied Celibacy, But Years for Pedophiles [Hypocrisy]

A lawyer for the Vatican claimed, in a statement earlier today, that the two years it took the current pope to defrock a convicted pedophile was quick . But in 2006 he excommunicated an Archbishop who defied the celibacy doctrine ‘automatically’. More

The Pope Took Days to Defrock Archbishop Who Defied Celibacy, But Years for Pedophile [Hypocrisy]

A lawyer for the Vatican claimed, in a statement earlier today, that the two years it took the current pope to defrock a convicted pedophile was quick . But in 2006 he excommunicated an Archbishop who defied the celibacy doctrine ‘automatically’. More

Japanese Log Riders: Raw Video

What's the hottest tourist attraction in Japan this time of year? It's not Mt. Fuji – it's the log riders! In Suwa City, north of Tokyo, people flocked Friday for “Onbashira Matsuri” or “holly pillar festival”. The most popular event is the logride which involves five to six men tumbling over a mountain top on a fir log. Organizers said the festival goes back to over 1,200 years, and is deeply rooted in Japan's indigenous religion Shinto. Its beginnings, shrouded in mystery, are believed to be a ritualized rebuilding of the city's main shrine. Shinto shrines are regularly torn down and rebuilt to symbolize rebirth and renewal. The person who manages to stay on top of the log for the entire trip down the hill is called “Hana-nori,” or splendid rider, and hailed by other participants. Locals say the honour and talismanic protection offered by being Hana-nori is enough to last a life time. added by: ctv

U.S. Finally Catches Up With Guinea Bissau Drug "Kingpins"

This week the US accused two senior military men from Guinea Bissau of being major “drug kingpins.” Guinea Bissau is a major transit point for cocaine smuggled from Latin America to Europe. The idea that senior government leaders are involved in the country’s drug trade is nothing new. With chronic poverty, rampant corruption and loose borders, Guinea Bissau has proved to be a willing partner in flooding Europe with cocaine. For years, the tiny West African country has been plagued with bad government. In fact, when I produced “Cocaine Mafia” for Vanguard last year, I originally planned to shoot it in Guinea Bissau. However, shortly before we planned to leave last March, the army chief of staff, Gen. Batista Thagme Na Waie, was assassinated in an explosion. A few hours later, President Vieira was brutally hacked to death with machetes. While neither murder was ever solved, it is widely believed that both men were rivals for control of the country’s cocaine trade. Trafficking dropped in the aftermath, possibly because drug lords no longer knew who could guarantee their security, and we decided to focus our story on where the cocaine went from there as a result. We instead traveled to southern Italy, where African smugglers gain easy access to the European continent. When we reached the tiny town of Castel Volturno, one of the largest cocaine trafficking hubs in Europe, we felt as if we had stumbled into a slum that could just as easily be located in Guinea Bissau. Castel Volturno is a notoriously lawless town, overwhelmed with poor immigrants and controlled by the local mafia. I've reported from a lot of hot spots in the world, but Castel Volturno oozes with a special eeriness. We were searching for a drug trade that was practically invisible, but all the time we could feel the watchful eye of the Camorra, the local mafia, whenever we moved. People were often afraid to talk to us about cocaine or who was running the place, but we pursued every angle we could while our unseen targets watched us. Check out “Cocaine Mafia” here: added by: Christof

US woman sends unwanted adopted Russian boy back home with a note

A seven-year-old Russian boy was packed onto a plane and set back to Russia with a typed note from his American adoptive mother explaining that, after only six months of caring for the boy, she no longer wanted to be his mum. 27-year-old Torry-Ann Hansen said she'd made a mistake, suggested his adoption be annulled and asked for him to be rehoused. “I no longer wish to parent this child,” the unmarried 27-year-old nurse from Tennessee wrote. After he was put on a plane to Moscow, reportedly in the belief that he was going on an “excursion”, Artem Savelyev was picked up by a Russian man who took him to the city's education ministry and left him there. The man told officials he had been offered $200 (approximately

Bruised and Bloodied: Oprah Narrates Snooki Getting Punched

The Planet Earth follow-up, Life, continues to be a hit on the Discovery Channel. Oprah Winfrey has lent her voice to the actions of everything from a Rufous Sengi to a Sarcastic Fringehead, but we would still rather have her narrate our favorite species: Skankous NewJersificus. For more of Oprah narrating Life on the Jersey Shore, take a look at previous clips: http://current.com/shows/infomania/92344655_oprah-narrates-snookis-reptile-gathe… http://current.com/shows/infomania/92343174_oprah-narrates-snookis-mating-habits… infoMania is a half-hour satirical news show that airs on Current TV. The show puts a comedic spin on the 24-hour chaos and information overload brought about by the constant bombardment of the media. Hosted by Conor Knighton and co-starring Brett Erlich, Sarah Haskins, Ben Hoffman, Bryan Safi and Sergio Cilli, the show airs on Thursdays at 10 pm Eastern and Pacific Times and can be found online at http://current.com/infomania/ or on Current TV. added by: infoMania