12 September 2010. Tags: Basel III, global bank regulations
Today in Basel, Switzerland, an agreement was reached concerning global banking reforms, which, if ratified, is expected to mitigate the effects of any future financial crises. The objective is to prevent the speculative banking practices that contributed to the worldwide economic collapse that started in 2008. Representatives from 27 countries and the major central banks [...]
Posted in Business, Government
12 September 2010. Tags: Marc Emery, marijuana, Prince of Pot
Canada’s Prince of Pot, Marc Emery, lifelong activist, former Libertarian, now founder of the British Columbia Marijuana Party, was sentenced on Friday in Seattle, Washington, to five years in the U.S. prison system for conspiracy to manufacture marijuana. As a result of a a plea deal that Emery had made with U.S. authorities, the five-year [...]
Posted in Government, National
11 September 2010. Tags: explosion, gas pipeline, PG&E, San Bruno
Yesterday a 30 inch Pacific Gas and Electric natural gas transmission pipeline was ripped out of the ground by a fiery explosion that destroyed 37 homes and left four people dead in San Bruno, California. Two people were reported as missing. Another 52 people were injured in the inferno, including four firefighters who suffered from [...]
Posted in Government, National
10 September 2010. Tags: embryonic stem cell research, federal funding, NIH
After District Judge Royce Lamberth imposed a ban on federal funding of embryonic stem cell research on August 23rd, the National Institutes of Health (NIH) filed suit in the United States Court of Appeals challenging the funding injunction. Yesterday the U.S. Appeals Court ruled that the NIH may temporarily continue to fund embryonic stem cell [...]
Posted in Business, Government, Health
08 September 2010. Tags: Koran, Pastor Jones, radical Islam
Pastor Terry Jones is the non-denominational minister of the Dove World Outreach Center in Gainesville, Florida. Previously he announced his church’s plan to protest radical Islam by holding an International Burn a Koran Day on September 11th. Although his announcement generated worldwide protests, including a warning from Gen. David Petraeus, U.S. and NATO commander in [...]
Posted in Government
07 September 2010. Tags: California DOI, Pacificare, UnitedHealth Group
The California Department of Insurance (DOI) is seeking fines of up to $9.9 billion from the health insurer, PacifiCare, over allegations that it violated state law from 2006 to 2008 by repeatedly mismanaging and denying medical claims and failing to pay doctors what they were owed. According to the California DOI, the problems began when [...]
Posted in Business, Government, Health