"The United States’ prized top AAA credit rating has been cut for the first time ever. Standard & Poor’s has dropped America’s ranking to AA+. The destructive force is the crippling debt which Congress has struggled to agree on how to tackle, with only an 11th-hour deal to raise the amount allowed. S&P says that’s not enough - and falls far short of what’s needed to stabilize the government’s runaway borrowing. But the Obama administration says the analysis is way off, and will damage any recovery."
"In the past week alone 2.5 trillion dollars have been wiped off the value of global stocks.
That is why world leaders and policy makers have been scrambling over the weekend, trying to find a way out of the turmoil on the international markets caused by the debt crises in Europe and the United States."
"Conflicting and confused messages from Europe’s policy makers have raised concerns that next week may worsen the eurozone debt crisis.
Fresh worries over Europe’s bailout mechanisms this week hastened fears of another recession and saw stocks suffer their heaviest losses since 2008."
"European finance ministers have expressed confidence in the US economy, in spite of the country’s credit rating being downgraded for the first time in history.
However, China - which holds the vast majority of US debt - is far from happy.
Leaders there have criticised what they called Washington’s "addiction" to debt. "
Fukushima radiation killing children, government hiding the truth 2014 04 22 Katsutaka Idogawa, former mayor of Futaba, a town near the disabled Fukushima nuclear plant, is warning his country that radiation contamination is affecting Japan’s greatest treasure - its children.
Asked about government plans to relocate the people of Fatuba to the city of Iwaki, inside the Fukushima prefecture, Idogawa criticized the move as a "violation of human rights."
Compared with Chernobyl, radiation ...
Why your fingerprints may not be unique 2014 04 22 Assumption that everyone has a unique fingerprint from which they can be identified through a computer database is flawed, says Home Office expert Mike Silverman
Fingerprint evidence linking criminals to crime scenes has played a fundamental role in convictions in Britain since the first forensic laboratory was set up in Scotland Yard in 1901.
But the basic assumption that everyone has a ...
Asteroids cause dozens of nuclear-scale blasts in Earth’s atmosphere 2014 04 22
Asteroids caused 26 nuclear-scale explosions in the Earth’s atmosphere between 2000 and 2013, a new report reveals.
Some were more powerful – in one case, dozens of times stronger – than the atom bomb blast that destroyed Hiroshima in 1945 with an energy yield equivalent to 16 kilotons of TNT.
Most occurred too high in the atmosphere to cause any serious damage ...
‘Editing DNA’ to eliminate genetic conditions now a reality 2014 04 22 Scientists have employed a revolutionary genome-editing computer technique that accurately identifies one faulty genetic “letter” among billions and effortlessly repairs a genetic condition in animals, paving way for human trials.
The success, by MIT in Boston, is the latest achievement in the field of genome editing that has been catapulted into the spotlight through a technology that can pinpoint genetic faults ...
EU should ’undermine national homogeneity’ says UN migration chief 2014 04 22
The EU should "do its best to undermine" the "homogeneity" of its member states, the UN’s special representative for migration has said.
Peter Sutherland told peers the future prosperity of many EU states depended on them becoming multicultural.
He also suggested the UK government’s immigration policy had no basis in international law.
He was being quizzed by the Lords EU home affairs sub-committee ...