‘Too much, too soon,’ expert warns on PH-China sea study

Ulet 3c

PUERTO PRINCESA CITY — A maritime expert has questioned  Malacañang’s pronouncement that it is considering a “joint exploration” with China for potential energy deposits in an undisputed Philippine territory some 50 kilometers off Busuanga town in Palawan province, identified as Service Contract (SC) 57. Redempto Anda Philippine Daily Inquirer Lawyer Jay Batongbacal, director of the University of the Philippines Institute for Maritime Affairs and Law of the Sea, said in a social media post that the government’s plan to include ... Read More »

Housing risks ‘catastrophic’: Grattan Institute

Elem 2b

Australia’s eight-year house price boom has savaged the living standards of poorer Australians while so far leaving the wealthy untouched, a new Grattan Institute analysis finds. Peter Martin The Age But the report, to be released on Monday, warns of a “catastrophic” impact on all income groups should mortgage rates rise by more than a few percentage points. The institute’s chief executive, John Daley, said Australians who already owned their houses had been little affected by soaring prices to date because ... Read More »

The Congo Is Set to Butt Heads With Mining Firms Over Cobalt

Elem 8h

For parents in much of the world, the beginning of December is a harbinger for the scramble to secure the year’s hottest game or electronic gadget ahead of the holidays. Stratfor And as battery technology continues to improve and costs decline, it has touched off another scramble of its own, as the manufacturers of batteries for everything from smartphones to electric vehicles chase after raw materials like cobalt, an invaluable component in such objects. Right at the center of this ... Read More »

Why the daunting economics of elder care are about to get much worse

Boots 1a LLLL

My sister Carol loves movies, but she hasn’t been out to see one in years. When she tries to watch one at home, she’s frequently interrupted. Patricia Smith The Conversation She shrugs this off, saying “Who needs to see movies when you’re living one?” You see, my sister is living the plot from the movie “Groundhog Day.” She takes care of our mother, who suffers from dementia. Our mom asks the same questions over and over and only wants to ... Read More »

Trump Announces New Tariffs On Aluminum And Steel

Dato 2b

President Donald Trump announced Thursday a host of new “punitive” tariffs that will be implemented as soon as Monday. Christian Datoc The Daily Caller Trump made the announcement during a meeting with industry executives at the White House, arguing that domestic producers have been treated very unfairly by previous administrations. “What’s been allowed to go on for decades is disgraceful,” he said at the meeting. “And when it comes to a time when our country can’t make aluminum and steel, ... Read More »

South Australia is fine after the car industry closed: Downer

Downer 3c LLLL

London: Former foreign minister Alexander Downer has downplayed the effect on Australia of losing its car industry, saying unemployment in South Australia is “pretty low” and young car manufacturing workers had found it relatively easy to get new jobs. Nick Miller Brisbane Times Downer, the outgoing high commissioner in London, was spruiking the benefits of trade liberalisation to a UK parliamentary committee. Australia’s free trade deals with the US and China had “exceeded expectations”, he said. Opening Australia’s markets to the… ... Read More »

German court backs city bans on diesel cars

Efek 2b

A top German court ruled on Feb. 27 in favor of allowing major cities to ban the most heavily polluting diesel cars, a move set to hit the value of 12 million vehicles in Europe’s largest car market and probably force carmakers to pay for costly modifications. LEIPZIG – Reuters Hurriyet There has been a global backlash against diesel-engine cars since Volkswagen admitted in 2015 to cheating U.S. exhaust tests, meant to limit emissions of particulate matter and nitrogen oxide ... Read More »

How Europe’s Band-Aid Ensures Greece’s Bondage

Prauj 2b

All the happy talk about impending “debt relief” and a “clean exit” from Greece’s third “bailout” obscures an uglier truth: the country’s debt bondage is being extended to 2060. Yanis Varoufakis Project Syndicate Worse, by ossifying Greece’s insolvency, while pretending to have overcome it, Europe’s establishment is demonstrating its refusal to fix the eurozone’s flaws. ATHENS – Greece’s never-ending public-debt saga has come to signify the European Union’s inept handling of its inevitable eurozone crisis. Eight years after its bankruptcy, ... Read More »

Paul Keating says Australia’s sycophancy to US damaging its own interests

Pol 4d

Former Labor prime minister says there should be greater independence within alliance and South China Sea ‘is not our fight’ Ben Doherty Guardian Australia’s “client state” obsequiousness towards the US was damaging its own interests and ignoring the rise of China as the nascent “primary economic state of the world”, Paul Keating has argued. Speaking at the Lowy Institute in Sydney, the former Labor prime minister said the alliance with the US did not mandate slavish devotion to American demands “as the ... Read More »

Slavery: Australia’s hidden shame is being uncovered

Erv 2b

IT HAPPENS behind closed doors in homes all around Australia with increasing regularity and the numbers are simply staggering. WARNING: Graphic. Rohan Smith News. WARNING: Graphic WHAT Graeme John Slattery did to a woman in his garage will go down as one of the sickest crimes in Australian history. Slattery, from Warrnambool on Victoria’s south-west coast, kept a slave against her will and forced her to drink motor oil and stand on her head while naked. He paraded his victim ... Read More »

Drill, drill and drill

EcoLog 1a logo

Global energy demand will continue to grow, and even though the trend will be toward renewables, the government of Newfoundland and Labrador believes that oil and gas will remain an important part of the global energy mix for some time. by Mark Sabourin EcoLog It says the oil and gas industry is adapting to a long-term market of stable, lower prices. The province that once feasted at the table of hundred-dollar oil and that is now nibbling on its crumbs ... Read More »

Report: Eni moving drillship to Morocco after Turkish navy ‘threatens force’ in Cyprus

Erex 6f

Turkish navy on Friday reportedly threatened to use force against Eni-operated Saipem 12000 drillship, after the rig’s captain tried to move the drillship to the Block 3 offshore Cyprus. Offshore Energy Today The drilling vessel, which recently struck a potentially large gas discovery off Cyprus, has been blocked from moving to the offshore Block 3 for two weeks now, after the Turkish warships placed themselves in its way on February 9, on the grounds of conducting naval exercises in the area. According to ... Read More »

Big investors backed shareholder campaigns on climate, human rights

Enve 2b

It had already been a challenging year for BHP by the time its new chairman, Ken MacKenzie, took to the stage at the company’s AGM last November. Ruth Williams The Age The complex repercussions of the deadly Samarco mine disaster in Brazil two years before rolled on and combative hedge fund Elliott had spent much of the year using its toe-hold shareholding to push for a radical shake-up. Against that backdrop a resolution lobbed by a tiny group of retail ... Read More »

Russian Expansion in the Black Sea and the Sea of Azov: Economic Consequences for Ukraine

Erex 2b

Moscow’s appetite in the Black Sea and the Sea of Azov has not decreased after Russia’s annexation of Crimea in 2014. By: Ihor Kabanenko Eurasia Daily Monitor Russia has gradually advanced its presence into significant areas of the exclusive maritime economic zone of Ukraine, which, in accordance with international law, is subject to the sovereign rights of Ukraine. This expansion aims to establish control over critical maritime areas and transport communications nodes. In violation of the UN Convention on the ... Read More »

‘Britain Would Collapse If It Tried to Pay Back the Money it Drained From India’

Eko 6f

Britain drained more than 9 trillion pounds from India over 173 years, says economist Utsa Patnaik. Newsclick Report Britain would collapse if it tried to pay back the money it drained from India, eminent economist Utsa Patnaik said at a conference at Jawaharlal Nehru University, New Delhi on Wednesday. Delivering the inaugural lecture at the three-day Sam Moyo Memorial Conference on “Land and Labour Questions in the Global South”, Utsa Patnaik said that the estimated drain from India to Britain ... Read More »

Merkel eyes overhaul of EU finances for post-Brexit bloc

Kolu 1a

BERLIN: Brexit offers the EU an opportunity for a broad rethink of its financial set-up, German Chancellor Angela Merkel said on Thursday before an EU summit that will tackle the bloc’s future budget. Reuters Arab News Addressing the Bundestag (lower house of parliament), Merkel made clear that the future of the EU would be a priority in her fourth term, provided a coalition deal between her conservatives and the pro-EU Social Democrats is approved by SPD members. “We need a ... Read More »