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Monday, June 20, 2011

New rules for world economy should be devised by UN says Medvedev

Russian President Dmitry Medvedev New regulations for the functioning of the world economy should be drawn up by the widest possible international representation, including up to the level of the United Nations, Russian President Dmitry Medvedev said on Saturday.

Speaking at the closing session of the St Petersburg International Economic Forum, Medvedev said he supported the opinion of his Finnish counterpart Tarja Halonen, who said such issues would be better discussed in a broad format like the G20 or at least the G8.

“That is absolutely fair, because even the G20 which accounts for 85 percent of world GDP, can’t claim exclusivity,” Medvedev said. “It should take into account the opinions of all nations, and devise universal recommendations and then, quite possibly, take these to the UN.”

Medvedev acknowledged his mistake in initially being skeptical in his estimation of the ability of the world community to act collectively against the global crisis which struck in 2008. He said he was impressed by the collective action taken, but stressed that it must continue.

Among the measures that remained to be worked out, he cited the redistribution of quotas in multilateral financial institutions including the IMF and World Bank, to the benefit of countries with rapidly developing economies, and modernization of the rules of financial regulation, which he described as “archaic.”

“Audit, accounting – a blank sheet! Practically nothing has been done,” Medvedev said, adding that a financial crisis could return.


RIA NOVOSTI

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For those left behind...Battery-free surveillance CHIP that can be implanted under the flesh


The device would be powered by the motion of a person walking, or even the pulse of a blood vessel, so would never stop working until the person died

A new generation of battery-free surveillance devices which can be implanted under the skin and transmit over huge distances via wireless have been developed by scientists.

Researchers are working on nano machines that could be injected into the arms of patients and then report back to doctors who are monitoring them from miles away.

They would be powered by the motion of a person walking, or even the pulse of a blood vessel, so would never stop working until the person died.

The technology could also be used in CCTV cameras attached to small flying craft which use their own motion to power themselves.

Such devices could be used by hospitals to locate patients or perhaps check if they are following their treatment plan.

But they will also be of interest to the military and the criminal justice system which is constantly on the lookout for new ways to spy on criminals.

The advancements were reported in the journal Nano Letters by Zhong Lin Wang of Georgia Tech University in the U.S.

‘It is entirely possible to drive the devices by scavenging energy from sources in the environment such as gentle airflow, vibration, sonic wave, solar, chemical, and/or thermal energy,’ he wrote.

Mail One
Read more: http://www.dailymail.co.uk/sciencetech/article-2004801/Weve-got-skin-Battery-free-surveillance-device-implanted-flesh.html#ixzz1Pp3vOuN4




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NBC Omits "Under God" From Pledge During Broadcast Of U.S. Open

NBC played video during the opening of Sunday's final round of the U.S. Open saying this:

I pledge of allegiance to the flag of the United States of America and to the republic for which it stands with liberty and justice for all.

Democrat: We Need 'Analysis of How Christian Militants … Might Bring Down The Country’

Sheila Jackson Lee
CNSNews.com) – At a congressional hearing on Muslim radicalization in U.S. prisons, Rep. Sheila Jackson Lee (D-Texas) said that investigators needed to analyze Christian militants in America because they too might try to “bring down the country.”

In an exchange with witness Patrick Dunleavy, the former deputy inspector of the criminal intelligence unit, New York Department of Correctional Services, Rep. Jackson Lee mentioned the case of a man who blew up an abortion clinic and proposed that this perhaps was an attempt to undermine U.S. law that allows a woman to procure an abortion.

Rep. Lee then said, “As we look to be informational, we should include an analysis of how Christian militants or others might bring down the country. We have to look broadly, do we not?”

Dunleavy answered: “I don’t know that Christian militants have foreign country backing or foreign country financing.”

Lee then said, “I don’t think that’s the issue. The issue is whether or not their intent is to undermine the laws of this nation. And I think it is clear that that is the case. So it’s not -- your distinction is not answering the question.”

The hearing on Muslim radicalization in U.S. prisons was held on Wednesday by the House Homeland Security Committee, which is chaired by Rep. Peter King (R-N.Y.).

CNS

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Merkel caves on Greece.....Schiff

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Top Russian Economic Official Says Country Will Keep Selling US Debt


moscow-kremlin-russia.jpg

Russia plans to keep selling its holdings of U.S. government debt, according to presidential economic advisor Arkady Dvorkovich.

On whether or not treasuries remained a good investment, Dvorkovich told the Wall Street Journal, "On an absolute basis, yes. On a relative basis, compared to other investments, of course not."

Russia has cut their position in U.S. debt substantially since late last year, down from $176.3 billion in October of 2010 to $125.4 billion, according to the WSJ.


Read more: http://www.businessinsider.com/top-russian-economic-official-says-country-will-keep-selling-us-debt-2011-6?utm_source=feedburner&utm_medium=feed&utm_campaign=Feed%3A+TheMoneyGame+%28The+Money+Game%29&utm_content=Google+Reader#ixzz1Pp3K5LtT


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Water flows over tops of levees in Missouri; flooding alert issued for Neb. nuclear plant

KANSAS CITY, Mo. — Several levees in northern Missouri were failing Sunday to hold back the surge of water being released from upstream dams, and locals braced themselves for more breaches as the Missouri River dipped but then rose again.

A hole in the side of a Holt County levee continued to grow, deluging the state park and recreational area in Big Lake, a community of less than 200 people located 78 miles north of Kansas City. The water — some from recent rain — started pouring over levees Saturday night and Sunday morning in Holt and Atchison counties, flooding farmland, numerous homes and cabins.



In Nebraska, a flooding alert was issued for a second nuclear power plant. But officials said it was the least serious emergency notification issued, and the public and workers are not threatened.

The Missouri River dipped by almost 1 foot after the Big Lake breach in Missouri, but water started to rise again by Sunday afternoon, said Jud Kneuvean, chief of emergency management for the U.S. Army Corps of Engineers’ Kansas City District.

Kneuvean said he thought the flooding in the area wouldn’t start for another day or two, but the water level surged by about 2 feet from Saturday morning to Sunday morning. The corps suspects that the culprit was an influx of rainwater that combined with a surge from a notch cut in the breached Hamburg, Iowa, levee to allow trapped water to flow back into the river.

“I looked at it mid-evening (Saturday) and told one of my co-workers, ‘We are going to have levees start popping,’” Kneuvean said. “Within about an hour, we were getting the calls on them.”


Washington Post



MORE:
http://www.washingtonpost.com/national/water-flows-over-tops-of-levees-in-missouri-flooding-alert-issued-for-neb-nuclear-plant/2011/06/19/AGXZeFcH_story.html?wprss=rss_national
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