Month: March 2013

GMO producers will be protected by the US Congress

Photo: EPA The House of Representatives passed a highly controversial addition to the Agricultural Appropriations Bill for 2013. The passed provision protects the producers of genetically modified seeds from litigation resulting from health risks posed by the GMOs.  Critics of the bill describe it as “Monsanto Protection Act” because it makes the biggest producer of…

Bitcoin transactions enter the real estate market

© Flickr.com/Ricky Leong/cc-by-nc-sa 3.0 So far, the world’s first independent and decentralized digital currency, Bitcoin, has been mostly used for small transactions. There are pundits who predict that Bitcoin will never be able to make the leap from servicing small online transactions to the big markets, like energy or real estate. A Canadian Bitcoin fan…

Savers in Cyprus’ largest bank face losing a far worse-than-expected 60pc of their deposits over €100,000 as part of a €10bn EU bail-out deal struck this week.

Cypriot authorities confirm raid on big depositors By Nick Squires, Denise Roland, and agencies 9:13PM GMT 29 Mar 2013 Under the arrangement, depositors in Bank of Cyprus will receive shares in the lender worth 37.5pc of any savings over €100,000, while the rest may never be paid back, according to a statement from the Cypriot…

French president finds loophole to impose 75% tax on rich

Saturday, 30 March 2013 The 75% super-tax on the mega-rich, which was rejected by France’s constitutional court might be imposed anyway. French President Francois Hollande suggests laying the burden on businesses rather than on individuals. In the interview with France 2 television President Hollande said he has revised his original plan to lay the massive…

Sweden confirms swine flu vaccine and narcolepsy

Saturday, 30 March 2013 The swine flu vaccine Pandemrix has a direct link to causing narcolepsy, especially among the younger people who were vaccinated, a new Swedish study revealed on Tuesday. The Swedish Medical Products Agency (Läkemedelsverket) ordered the massive study to determine if the vaccine had any connection to narcolepsy after dozens of reported…

Mexican vigilantes seize town, arrest police

Posted By Associated Press On 11:19 PM  03/27/2013 In World ACAPULCO, Mexico (AP) — Hundreds of armed vigilantes have taken control of a town on a major highway in the Pacific coast state of Guerrero, arresting local police officers and searching homes after a vigilante leader was killed. Several opened fire on a car of…

Cypriot Politicians’ Loans Written Off (More Names)

By Margarita Papantoniou on March 29, 2013  With banks confiscating up to 80 percent of uninsured deposits over 100,000 euros ($130,000) and the country facing a deep economic crisis, Cyprus has forgiven loans to politicians and companies while others are generally being required to pay in full, media reports said, setting off fury on the…

24th Bulletin: Exclusively the “hot” list of loan write-offs

Published on Wednesday, March 27, 2013 17: 50 Written by 24 h. com. cy   The first online news bulletin of the 24th bulletin revealed the list of politicians, their relatives and trade unionists who deleted all or part of the loan that had been taken from two crumbling banks. In the Newscast, with Sotiris…

Cyprus banks wrote off millions of euros to politicians

List of names published by newspaper, sent to Parliament 29 March, 18:33 The Laiki bank         (ANSAmed) – NICOSIA – A list of Cypriot companies and politicians that allegedly had millions of euros in loans written off by the three Cypriot lenders at a center of an unprecedented banking crisis on the Mediterranean island has…

Hacking group Anonymous_Korea takes down N.Korea’s official websites

© Collage “The Voice of Russia” Hacking group Anonymous_Korea claimed they have taken down five of North Korea’s official websites, including the country’s official web portal and the foreign relations committee’s site.  The hacktivist group Anonymous_Korea published a list of the five government websites they claimed to have put out of action on their Twitter…

N.Korea says to enter “state of war” against South Korea – KCNA

Sat, 30 Mar 2013 00:21 GMT Reuters   SEOUL, March 30 (Reuters) – North Korea said on Saturday it was entering a “state of war” with South Korea in a continuing escalation of tough rhetoric against Seoul and Washington after coming under international sanctions for its nuclear test. “From this time on, the North-South relations…

‘Risk of a euro exit by Cyprus is substantial’ – Moody’s

Moody’s Photo: EPA After a disastrous bailout of the Cypriot banking system, one of the world’s top rating agencies downgraded the sovereign rating of Cyprus. One of the concerns cited by Moody’s is the possibility of Cyprus leaving the eurozone.  Moreover, the ratings agency believes that the restructuring of the two biggest Cypriot banks will…

Luxembourg is the next Cyprus

Jean Asselborn, Minister for Foreign Affairs and Immigration of Luxemburg Photo: EPA The offshore countries of the European Union are gripped by fear. No one wants to repeat the fate of Cyprus but it seems that the European authorities are set to destroy the “business model” of the offshore economies. The small duchy of Luxembourg…

Biological computer that ‘lives’ inside the body comes one step closer as scientists make transistor out of DNA and RNA

Finding could lead to new biodegradable devices based on living cells that are capable of detecting changes in the environment Steve Connor Thursday, 28 March 2013 Scientists believe they are close to building the first truly biological computer made from the organic molecules of life and capable of working within the living cells of organisms…