Mainstream News

Japan sends talking ‘companion’ robot to the International Space Station

"When the Japanese astronaut Koichi Wakata arrives at the International Space Station in November, a companion will be waiting for him whose eyes will light up in recognition – literally. Kirobo, the world’s first talking humanoid space robot, has already taken off – in the nattiest red Wellingtons since Paddington Bear – and should arrive at the space station by 9 August to await Wakata’s arrival. It knows he is coming: it has been programmed to recognise his face, and greet him warmly in Japanese." Continue reading →

Continue ReadingJapan sends talking ‘companion’ robot to the International Space Station

U.S. military helicopter crashes in Japan’s Okinawa

"A U.S. military helicopter crashed on Japan’s southern island of Okinawa on Monday, U.S. Forces in Japan said, an incident which may stoke anger over the concentration of U.S. military bases on the island. Prime Minister Shinzo Abe wants to move the U.S. Marines’ Futenma airbase to a less crowded part of the island, but stiff opposition from Okinawa residents is stalling the plan. Residents of Okinawa, host to the bulk of U.S. military forces in Japan, have long resented bearing what many feel is an unfair share of the burden for the U.S.-Japan military alliance. Many associate the U.S. bases with accidents, crime and pollution." Continue reading →

Continue ReadingU.S. military helicopter crashes in Japan’s Okinawa

Japan nuclear body says radioactive water at Fukushima an ‘emergency’

"Highly radioactive water seeping into the ocean from Japan’s crippled Fukushima nuclear plant is creating an 'emergency' that the operator is struggling to contain, an official from the country’s nuclear watchdog said on Monday. This contaminated groundwater has breached an underground barrier, is rising toward the surface and is exceeding legal limits of radioactive discharge, he told Reuters. Countermeasures planned by Tokyo Electric Power Co are only a temporary solution, he said. Tepco’s 'sense of crisis is weak,' Kinjo said. 'This is why you can’t just leave it up to Tepco alone' to grapple with the ongoing disaster." Continue reading →

Continue ReadingJapan nuclear body says radioactive water at Fukushima an ‘emergency’

The rich are saving cash at a record pace

"Since the financial crisis, the wealthy have become the nation's top cash hoarders. The savings rate of the wealthiest 1 percent soared to 37 percent in the second quarter. That's up from 34 percent in the second quarter of 2012—and more than three times their savings rate in 2007. A separate study from Bank of America recently found that 56 percent of millionaires have a 'substantial' amount of cash. Only 16 percent of them plan to invest that cash in the next couple of months. Perhaps the wealthy are wise to keep more money on hand in case those record-breaking markets start to falter." Continue reading →

Continue ReadingThe rich are saving cash at a record pace

Famed Trader Joe Lewis Backs Bitcoin With Swiss Fund

"Joe Lewis, a billionaire foreign-exchange trader who teamed up with hedge-fund manager George Soros in 1992 to bet against the Bank of England, is the latest high-profile financier to throw his weight behind the virtual currency called bitcoin. Mr. Lewis leads the Phoenix Fund, a Zurich-based private-equity fund that on Tuesday plans to invest $200 million in Avalon, a company that makes computer servers aimed at creating bitcoins, according to people familiar with the situation. The Phoenix Fund's investment in Avalon reflects the growing popularity of virtual currencies, which are also coming under scrutiny from regulators." Continue reading →

Continue ReadingFamed Trader Joe Lewis Backs Bitcoin With Swiss Fund

Syria’s Assad bans all foreign currency in commercial transactions

"'It is prohibited to make payments, reimbursements, commercial transactions and any other commercial operation in foreign currency or in precious stones,' SANA quoted the decree as saying. 'The Syrian lira is the only currency' allowed in business and commerce, it added. Those breaking the law risk jail sentences from between six months to 10 years of hard labour, depending on the sum involved, and will be fined. The US dollar is the preferred foreign currency in Syria where the lira has lost three quarters of its value against the greenback since the outbreak of the anti-regime uprising more than two years ago." Continue reading →

Continue ReadingSyria’s Assad bans all foreign currency in commercial transactions

Wall Street Journal’s Chinese version site blocked in China

"Access to the Wall Street Journal’s Chinese-language edition has been cut off in China, where official censors routinely delete online content deemed sensitive but less often block entire websites. The Journal’s Chinese-language site has had certain articles blocked since it was launched in 2002, but rarely the whole site. The ruling Communist Party blocked the websites of the US media outfits Bloomberg and The New York Times last year after exposes revealed the huge fortunes amassed by relatives of President Xi Jinping and of former premier Wen Jiabao." Continue reading →

Continue ReadingWall Street Journal’s Chinese version site blocked in China

Aetna withdraws from Maryland Obamacare exchange after state demands lower rates

"Aetna Inc pulled out of Maryland’s health insurance exchange being created under President Barack Obama’s healthcare reform law after the state pressed it to lower its proposed rates by up to 29 percent. Each U.S. state will have an online exchange where Americans will be able to buy insurance plans, starting on October 1. The government is counting on about 7 million people to enroll next year for this insurance, many of whom will qualify for subsidies. According to online documents, Aetna had requested an average monthly premium of $394 a month for one of its plans and the agency had approved an average rate of $281 per month." Continue reading →

Continue ReadingAetna withdraws from Maryland Obamacare exchange after state demands lower rates

Archived papers reveal Queen Elizabeth’s ‘World War Three’ speech

"Relations between the Soviet Union and the West had become so tense 30 years ago that British officials drew up a speech for Queen Elizabeth to deliver to the nation in the event of a nuclear war, newly released archives showed on Thursday. In the speech, the monarch was to urge Britons to remain united and resolute in the face of the 'madness of war.' Written by government officials, the hypothetical speech was part of a secret exercise designed to prepare Britain for the threat of a possible World War Three, but was never broadcast." Continue reading →

Continue ReadingArchived papers reveal Queen Elizabeth’s ‘World War Three’ speech

‘Nut-free’ school zone decision upheld by Michigan Court of Appeals

"Michigan Court of Appeals panel upheld a decision Tuesday dismissing a lawsuit over a Romeo-area elementary school's policy creating a nut-free school. The unpublished opinion addresses a lawsuit filed by the parent of a student at Hevel Elementary School challenging the decision of Romeo Community Schools to make the elementary school a nut-free zone because of a student with life-threatening nut allergies. The ban prohibited all peanuts and tree nuts from the building, and school officials periodically searched lunch boxes and backpacks, according to the opinion." Continue reading →

Continue Reading‘Nut-free’ school zone decision upheld by Michigan Court of Appeals