A “toxic triangle” of political inaction, short-sighted economic policies and profit-driven fossil fuel advocates threaten to raise global temperatures, leaving 400 million people in jeopardy of hunger and drought by 2060, Oxfam UK warned on Friday.
The NGO’s report, Food, Fossil Fuels and Filthy Finance, argued European leaders must withstand pressure from a powerful and lucrative fossil fuel industry, which fritters up to €44 million a year on lobbying EU governments in pursuit of policies that bolster its profits.
NEW YORK (AP) — Europe’s economy sputters, oil prices plunge and stocks start swinging wildly. Wall Street’s long dormant “fear index” now predicts more turbulence ahead.
The Chicago Board Options Exchange’s volatility index, known as the VIX, doubled over the past month: from 12 to 26. Although that’s nowhere near the 80 reached in the financial crisis, the recent spike means traders are bracing for more big jumps and steep drops.
Healthy eating could trim your wallet as well as your waistline due to a spike in UK food prices, according to a study by Cambridge University.
Researchers examined the prices of nearly 100 “healthy foods”, including salmon, yoghurts and raw vegetables, and compared the figures with the cost of pizzas, microwave dinners and donuts between 2002 and 2012.
Strict banking regulations for mortgages mean that even prominent people have problems securing home loans – and former Federal Reserve Chairman Ben Bernanke is no exception.
Bernanke, who oversaw the financial crisis in 2008, said at an investment conference in Chicago on Thursday that even he is not eligible for a home loan under new banking regulations.