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Changing the old system.

BP’s profits drop over $1bln in second quarter

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RT.com
Published: 31 July, 2012, 13:28

Britain’s energy giant BP has reported a profit slide as it struggles with compensation for the US spill disaster and legal battles in Russia.

­The company said its net loss fell to $1.4 billion in second quarter of 2012 compared to the $5.6 billion profit last year.BP blamed the slide on the write-downs on US assets and on weaker oil and US gas prices.

To read the rest of this story, visit RT.com.

Deeper Spanish recession in 2012, 2013: IMF

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PressTV
Sat Jul 28, 2012 3:48AM GMT

Spanish protesters shouting slogans, condemning the recent austerity measures announced by the government on July 13, 2012 in Madrid.

Spanish protesters shouting slogans, condemning the recent austerity measures announced by the government on July 13, 2012 in Madrid.
 
The International Monetary Fund (IMF) has said that the Spanish recession would be worse than initially estimated as the country’s economy will contract 1.7 percent in 2012 and 1.2 percent in 2013.

The IMF also said on Friday that increasing market tension could upset Spain's ability to finance itself, despite a eurozone bailout agreed for Spanish banks and other financial reforms for the country.

We are not alone in the universe, Canadians believe

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Toronto Sun

By ,Calgary Sun
First posted: Saturday, July 28, 2012 09:28 PM EDT

Updated: Saturday, July 28, 2012 09:51 PM EDT

UFO

In 2009, there was a 12 per cent increase in UFO sightings in Canada, according to the Ufology Research Institute. Sightings are still high in Canada.

Each royal costs UK 30 times more than a soldier

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PressTV
Wed Aug 1, 2012 5:20PM GMT

A new research by Britain’s campaign group Republic has revealed that the government spends over 30 times more on a working member of the royal family than it does on a soldier serving in Afghanistan.
 

According to the Republic, estimated total cost of the monarchy is £202.4 million, making the average cost of each of the 16 working royals £12.7 million.

This is while that the average per head spend on a soldier in Afghanistan is just £410,555.
 

To read the rest of this story, visit PressTV.com.

Europe: A catastrophe in the making

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PressTV
Wed Aug 1, 2012 10:25AM GMT

Europe is a catastrophe in the making. Yet the nearer it gets the more they tell us it will never happen. “We know what we’re doing, the next European summit will sort things out,” they say. “Only a few more years of austerity, maybe ten or fifteen, and we’ll be over the worst,” they predict. “It’s all the fault of everybody else,” they smile.

 

Since it’s everybody else’s fault but their own, they carry on as before, or rather, as before but making things worse. Thus, faced with an overall unemployment level of 11% and over 20% for young people, their ‘solution’ is to increase unemployment. Observing that overall debt levels are such (Euro government debt averages over 100% of GDP) that the debt has become un-repayable; they say that ‘More Debt is a Good Idea.’

To read the rest of this story, visit Press TV.

The Brightest Stars Don't Live Alone

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European Southern Observatory
26 July 2012

VLT finds most stellar heavyweights come in interacting pairs

A new study using ESO’s Very Large Telescope (VLT) has shown that most very bright high-mass stars, which drive the evolution of galaxies, do not live alone. Almost three quarters of these stars are found to have a close companion star, far more than previously thought. Surprisingly most of these pairs are also experiencing disruptive interactions, such as mass transfer from one star to the other, and about one third are even expected to ultimately merge to form a single star. The results are published in the 27 July 2012 issue of the journal Science.

Italian Police Raid Barclays Over Rate-Fixing

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Sky News

1:20am UK, Tuesday 31 July 2012


Police take documents from Barclays in Milan, as they investigate possible rate-fixing of the euro version of Libor.

Barclays' Bob Diamond and Marcus Agius

Marcus Agius (l) quit alongside CEO Bob Diamond (c)

Italian police have taken documents from a Barclays office in Milan as part of a probe into possible Euribor rate manipulation, according to Reuters.

It said the raid occurred as regulators investigated fixing fears of the eurozone equivalent of the scandal-hit, London-based Libor inter-bank lending rate.

If They Could Only Talk

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National Geographic

By Hannah Bloch

July, 2012

“The statues walked,” Easter Islanders say. Archaeologists are still trying to figure out how—and whether their story is a cautionary tale of environmental disaster or a celebration of human ingenuity.

On a winter night last June, José Antonio Tuki, a 30-year-old artist on Easter Island, did one of the things he loves best: He left his one-room home on the southwest coast and hiked north across the island to Anakena beach. Legend has it the earliest Polynesian settlers hauled their canoes ashore at Anakena a thousand years ago or so, after navigating more than a thousand miles of open Pacific. Under the same moon and stars Tuki sat on the sand and gazed directly before him at the colossal human statues—the moai. Carved centuries ago from volcanic tuff, they’re believed to embody the deified spirits of ancestors.

Sudan Activists Say 12 Protesters Killed by Regime

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ABCNews.go.com
By SARAH EL DEEB Associated Press

CAIRO July 31, 2012 (AP)

Demonstrations in Sudan started on June 16 when University of Khartoum students voiced their opposition to high food prices. (AFP)
Sudanese activists say regime forces have killed 12 people in the country's battle-scarred Darfur region, most of them high school students.

The Sudan Change Now Movement says that the protesters were attacked by regime forces that opened fire on the crowd, also wounding several dozen people in their second day of protests Tuesday.

To read the rest of this story, visit ABC News.

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