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Extreme weather is moving tectonic plates, scientists claim
People who are ridiculed for saying that earthquakes are a result of global warming could actually be right, scientists claim.
Long-term climate change has the potential to spin Earth’s tectonic plates, according to a news study from the Australian National University.
Working with researchers in Germany and France, they have established a link between the motion of the Indian plate over the last ten million years and the intensification of Indian monsoons.
Movements of the earth: Tectonic plate movement could be sped up as a result of the weather
Monsoon rain increased by four metres every year, speeding up the motion in the Indian plate by one centimetre a year, said Dr Giampiero Iaffaldano from the ANU research school of earth sciences.
They discovered that enough rocks were worn away from the eastern side of the plate to account for the plate’s anti-clockwise movement.
Dr Iaffaldano said: ‘The significance of this finding lies in recognising for the first time that long-term climate changes have the potential to act as a force and influence the motion of tectonic plates.
‘It is known that certain geologic events caused by plate motions – for example the drift of continents, the closure of ocean basins and the building of large mountain belts – have the ability to influence the Read more…
Prepare for the Next Conflict: Water Wars
Every minute, 15 children die from drinking dirty water. Every time you eat a hamburger, you consume 2400 liters of the planet’s fresh water resources — that is the amount of water needed to produce one hamburger. Today poor people are dying from lack of water, while rich people are consuming enormous amounts of water. This water paradox illustrates that we are currently looking at a global water conflict in the making.
We are terrifyingly fast consuming one of the most important and perishable resources of the planet — our water. Global water use has tripled over the last 50 years. The World Bank reports that 80 countries now have water shortages with more than 2.8 billion people living in areas of high water stress. This is expected to rise to 3.9 billion — more than half of Read more…
Surging Food Prices Could Thrust Millions Into Poverty In Emerging Europe: World Bank
WASHINGTON, April 16 (Bernama) — The recent price hikes in food and energy could push more than five million people in Eastern Europe and Central Asia into poverty, reports the China’s Xinhua news agency, quoting World Bank’s official.
Yvonne Tsikata, the director for Poverty reduction and economic management of the World Bank’s Europe and Central Asia region said: “The poorest people in the region will suffer the most from the high food and energy price inflation, which reduces their purchasing power’.
She said that the region’s poor often spend half of their income on food, and Read more…
Silver soars to 31-year high
Gold rose over 1 per cent to a near-record and silver surged Thursday as dollar weakness, inflation worries and a European debt crisis powered bullion to its biggest one-day gain in about seven weeks.
Silver futures soared to their highest since 1980, rising more than 4 per cent for their biggest one-day gain since November, as strong investment and speculative buying sent the gold/silver ratio to a low.
Gold received a boost from inflation worries triggered by a crude oil rally and data showing rising U.S. core producer prices in March, and as higher-than-expected jobless claims knocked the dollar.
“The combination of higher oil prices, weaker dollar and the resurrection of discussions of Greek sovereign risk problems has galvanized the gold market. It’s particularly impressive because we ran into selling above the market yesterday,” said James Steel, chief commodity analyst at HSBC.
Spot gold rose 1.4 per cent to $1,474.30 an ounce by 4:02 p.m. ET, within striking distance of its record $1,476.21 set on Monday. U.S. gold futures for June delivery settled up $16.80 at $1,472.40 an ounce.
Investors grew jittery on talk of debt restructuring by Greece, the first euro zone member to receive a bailout a year ago in the crisis Read more…
BRICS demand global monetary shake-up, greater influence
(L-R) India's Prime Minister Manmohan Singh, Russia's President Dmitry Medvedev, China's President Hu Jintao, Brazil's President Dilma Rousseff and South African President Jacob Zuma attend a joint news conference at the BRICS Leaders Meeting in Sanya, Hainan province April 14, 2011. The development banks of the five BRICS nations agreed in principle on Thursday to establish mutual credit lines denominated in their local currencies, not in dollars. REUTERS/How Hwee Young/Pool
SANYA, China (Reuters) – The BRICS group of emerging-market powers kept up the pressure on Thursday for a revamped global monetary system that relies less on the dollar and for a louder voice in international financial institutions.
The leaders of Brazil, Russia, India, China and South Africa also called for stronger regulation of commodity derivatives to dampen excessive volatility in food and energy prices, which they said posed new risks for the recovery of the world economy.
Meeting on the southern Chinese island of Hainan, they said the recent financial crisis had exposed the inadequacies of the current monetary order, which has the dollar as its linchpin.
What was needed, they said in a statement, was “a broad-based international reserve currency system providing stability and certainty” — thinly veiled criticism of what the BRICS see as Washington’s neglect of its global monetary responsibilities.
The BRICS are worried that America’s large trade and budget deficits will eventually debase the dollar. They also begrudge the financial and political privileges that come with being the leading reserve currency.
“The world economy is undergoing profound and complex changes,” Chinese President Hu Jintao said. “The era demands that the BRICS countries strengthen dialogue and cooperation.”
In another dig at the dollar, the development banks of the five BRICS nations agreed to establish mutual credit lines denominated in their local currencies, not the U.S. currency.
The head of China Development Bank (CDB), Chen Yuan, said he was prepared to lend up to 10 billion yuan to fellow BRICS, and his Russian counterpart said he was looking to borrow the yuan equivalent of at least $500 million via CDB.
“We think this will undoubtedly broaden the opportunities for Russian companies to diversify their loans,” Vladimir Dmitriev, the chairman of VEB, Read more…
Arctic meltwater could lower temperatures at home, study warns
The pool, which has grown by more than a fifth over the last decade, could interrupt the flow of the Gulf Stream which brings warm water from the tropics, raising average European temperatures by between five and ten degrees Celsius.
Scientists are monitoring the large area of cold water amid fears that changing wind patterns could move it south towards the North Atlantic.
A study by 17 institutes from ten European countries warned that the effects of the melted ice could be abrupt in altering the balance of the Thermohaline Circulation, which keeps warmer waters flowing across the Atlantic.
One theory is that the circulation could slow down dramatically within two decades sending average temperatures plummeting.
The possibility echoes the plot of the 2004 disaster movie The Day After Tomorrow, which depicted the catastrophic effects on world climates when the delicate balance maintained by ocean circulation is suddenly lost.
Scientists have also expressed concern on the environment should the pool of largely fresh water enter the Atlantic altering its salinity levels.
Laura de Steur, an oceanographer at the Royal Netherlands Institute for Sea Research, who helped lead the study told The Times: “Large regional changes could be in store if the ocean circulation changes.”
But researchers have been unable to accurately predict if or when the pool with move southwards.
U.S. wants to use India in missile shield against Russia, China
The United States has been trying to rope in India for its plans to build a global missile defence system threatening Russia and China, the Komsomoloskaya Pravda, a popular Russian daily published from Moscow reported on Thursday.
In a story based on the WikiLeaks releases, the report said the U.S. has not only been planning to deploy a missile shield against Russia in Europe, but had also been negotiating with countries along Russia’s borders, such as Japan and India, to jointly build missile defences that would also target Russia.
“The noose [around Russia] is tightening,” the newspaper said. “Thanks to WikiLeaks, it has become known that Washington has been simultaneously conducting talks with countries in other parts of the world for building U.S. missile defences on their territories. Those are different countries, but they form a chain around Russia.”
A 2007 confidential cable from the U.S. embassy in New Delhi carried by the daily refuted media reports that India had abruptly turned its back on a 2005 agreement with the U.S. to cooperate on missile defences. The cable said the Indian media had misinterpreted remarks by External Affairs Minister Pranab Mukherjee after the Russia-India-China trilateral meeting in Harbin, China, on October 24, 2007. Mr. Mukherjee had dismissed as “groundless” the idea that India was going to join a U.S.-led missile defence system.
Misconstrued
“MEA contacts confirm this did not mean India was not interested in continuing to cooperate with the U.S. on missile defence technology and that there has been no change from the current level of bilateral missile defence cooperation,” the U.S. embassy cable said.
The “MEA contacts” explained that Mr. Mukherjee’s comments were “misconstrued” by the Indian press. When Mr. Mukherjee said that “India does not take part in such military arrangements,” the officials said, he had had in mind the U.S. plan to install a missile-detection system in Europe, which his Russian and Chinese counterparts referred to in the same press interaction. Read more…
Setbacks in Portugal and Ireland Renew Worry on Debt Crisis
Allied Irish Bank is one of several prominent financial institutions in Ireland in need of a rescue.
LONDON — A higher-than-expected budget deficit in Portugal and the need for more money to rescue Ireland’s failing banks have renewed fears that Europe’s debt crisis is worsening despite its sizable bailout fund.
Officials in Lisbon said Thursday that the country’s budget deficit last year was 8.6 percent of its gross domestic product, well above the goal of 7.3 percent. Although officials said the revision would not affect the government’s goal of reaching a deficit of 4.6 percent of domestic product in 2011, the news was a reminder that, even after the problems from Greece’s fraudulent deficit statistics, some numbers from the euro zone remain unreliable.
Also Thursday, Ireland’s central bank announced that four of the country’s most prominent financial institutions would need an additional 24 billion euros to cover sour real estate loans, a move that pushes the Read more…
Ancient Tablet Found: Oldest Readable Writing in Europe
Marks on a clay tablet fragment found in Greece are the oldest known decipherable text in Europe, a new study says.
Considered “magical or mysterious” in its time, the writing survives only because a trash heap caught fire some 3,500 years ago, according to researchers.
Found in an olive grove in what’s now the village of Iklaina (map), the tablet was created by a Greek-speaking Mycenaean scribe between 1450 and 1350 B.C., archaeologists say.
The Mycenaeans—made legendary in part by Homer’s Iliad, which fictionalizes their war with Troy—dominated much of Greece from about 1600 B.C. to 1100 B.C. (See “Is Troy True? The Evidence Behind Movie Myth.”)
So far, excavations at Iklaina have yielded evidence of an early Mycenaean palace, giant terrace walls, murals, and a surprisingly advanced drainage system, according to dig director Michael Cosmopoulos.
But the tablet, found last summer, is the biggest surprise of the multiyear project, Cosmopoulos said.
“According to what we knew, that tablet should not have been there,” the University of Missouri-St. Louis archaeologist Read more…
EU to ban cars from cities by 2050
The European Commission on Monday unveiled a “single European transport area” aimed at enforcing “a profound shift in transport patterns for passengers” by 2050.
The plan also envisages an end to cheap holiday flights from Britain to southern Europe with a target that over 50 per cent of all journeys above 186 miles should be by rail.
Top of the EU’s list to cut climate change emissions is a target of “zero” for the number of petrol and diesel-driven cars and lorries in the EU’s future cities.
Siim Kallas, the EU transport commission, insisted that Brussels directives and new taxation of Read more…
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