Source: http://news.feedzilla.com/en_us/stories/politics/top-stories/314937888?client_source=feed&format=rss
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Tuesday, June 25, 2013
Soludos Debuts Kids Espadrilles Chic Enough For Adults
The star-loved brand launches an adorable collection for kids.
Source: http://feeds.celebritybabies.com/~r/celebrity-babies/~3/VMIJ7PkVNXU/
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Lost Maya city found in Mexican jungle
Scientists have discovered what was once likely a prominent city in the booming Mayan empire.
A National Institute of Anthropology and History worker shows the remains of a building at the newly discovered ancient Maya city Chactun in Yucatan peninsula.
INAH/Reuters
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Just weeks after a similar find was made in Cambodia, archaeologists have uncovered an ancient Maya city that had been hidden for hundreds of years in the Yucatan?s jungle-covered Campeche province, a find that researchers said could tell us more about how the advanced, still mysterious empire presided over its vast lands at its height.
The abandoned city, called Chactun, is one of the largest ever found in Mexico?s Yucatan peninsula, teeming with some 30,000 or 40,000 people during the late Classic period of Maya civilization between 600 and 900 AD, after which year the civilization spun into decline. That would have made it somewhat smaller than Tikal, the fabled Mayan city once home to some 90,000 in what is now Guatemala, Reuters reported.
"It is one of the largest sites in the Central Lowlands, comparable in its extent and the magnitude of its buildings with Becan, Nadzcaan and El Palmar in Campeche," said archaeologist Ivan Sprajc in a statement from Mexico's National Institute of Anthropology and History, translated from Spanish by LiveScience.
The city was recently spotted in aerial photographs that had been snapped some 15 years ago by the National Commission for the Knowledge and Use of Biodiversity. A team of archeologists then spent about three weeks cutting a 10-mile path into the opaque jungle to reach the site marked on their aerial map.
So far, the archeologists have found in the 54-acre stretch some 15 pyramids, one of which is about 75 feet tall, as well as ball courts that indicate the city was likely a prominent one in the empire. Researchers hope that in studying the features of Chactun they will better understand the relationship between the Mayan empire?s various cities, as well as learn more about the civilization?s stunning decline after centuries of cultural ingenuity and territorial expansion, Reuters said.
The Maya civilization was one of the great civilizations that controlled then pre-Columbian rolling jungles of Central America and whose collapse has become an almost mythologized piece of modern lore. At its peak, the Mayans presided over the entire Yucatan, as well as over Belize, Guatemala, and Honduras. Scientists believe that a combination of population growth and climate change might have pushed the civilization under.
The discovery of the Mayan city comes just days after an announcement from half-a-world-over that Cambodia's Khmer Empire may have been laid out in a carefully coordinated urban plan, rather than as a loosely organized collection of population centers. That ancient civilization - which left behind the tales of Cambodia's mythical origins recorded on its sky-grazing stone temples - is also thought to have been brought to its knees from a combination of environmental degradation and population growth.
Source: http://rss.csmonitor.com/~r/feeds/science/~3/b6SrUjuSIwE/Lost-Maya-city-found-in-Mexican-jungle
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Monday, June 24, 2013
Icelandic Economics: How much household debt was cancelled ...
In April last year I wrote about how much of Icelandic households' debt was cancelled. Now, we've got new info on the topic.
Despite this nearly 250 billion ISK relief, Icelandic households are still pretty indebted. In the newest Financial Stability report, the Central Bank of Iceland estimated that the outstanding household debt amounted to around 110% of GDP. That is roughly the same ballpark as Ireland is playing in - although the Irish are not paying a 4-5% real rate of interest on their debt as Icelanders do.
Nevertheless, the debt jubilee has of course had some effects; one should expect that when debt amounting to 15% of GDP is cancelled. But the situation is still fragile and we should not expect it to improve as easily as it did in the early 2000s when an investment boom was creating a lot of jobs and wage income.
And the amount: 247.5 billion ISK. This figure comes from the Icelandic Financial Services Association in their comment on the new government's 10-step plan of general debt relief to Icelandic households (they don't really comment on it, they are going to wait until the government actually describes how they're going to do this).
What are the sources and the reason for the debt relief so far? The IFSA comment has a handy table to show us (my translation). The left-most column is mine as I thought it would be informative to note where the initiative for each part came from. In the cases of where I've put "Legal System" it is due to rulings regarding the illegality of certain credit contracts, first and foremost ISK denominated debt that is indexed to the exchange rate. That sort of indexation is illegal in Iceland since 2001 (though it did not stop the contracts to be created during the height of the credit party). Finally, do note that the figures due to ruling 600/2012 (a supreme court ruling regarding the illegality of certain exchange-rate indexed loans) are estimates and not entirely realised as of yet.
The total debt relief to Icelandic households, 2009-3Q2012.
Despite this nearly 250 billion ISK relief, Icelandic households are still pretty indebted. In the newest Financial Stability report, the Central Bank of Iceland estimated that the outstanding household debt amounted to around 110% of GDP. That is roughly the same ballpark as Ireland is playing in - although the Irish are not paying a 4-5% real rate of interest on their debt as Icelanders do.
Nevertheless, the debt jubilee has of course had some effects; one should expect that when debt amounting to 15% of GDP is cancelled. But the situation is still fragile and we should not expect it to improve as easily as it did in the early 2000s when an investment boom was creating a lot of jobs and wage income.
Icelandic households' ability to live on after-tax?monthly?income (source: Statistics Iceland)
Source: http://icelandicecon.blogspot.com/2013/06/how-much-household-debt-was-cancelled.html
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Jay-Z Uses Scavenger Hunt To Reveal Magna Carta Track List
Hov's upcoming 13-track LP could start off with 'Picasso Baby' and ends with 'Nickles & Dimes.'
By Rob Markman
Source: http://www.mtv.com/news/articles/1709452/jay-z-magna-carta-holy-grail-track-list.jhtml
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Moldova urges int'l help to resolve border row
CHISINAU, Moldova (AP) ? Moldova's Parliament has called on international partners negotiating a settlement with a breakaway republic to stop separatists from seizing territory in eastern Moldova.
Lawmakers adopted a statement late Friday urging the U.S., the European Union, Russia, Ukraine and the Organization for Security and Cooperation in Europe to "resolve the situation in Trans-Dniester through political and peaceful means, respecting democratic...principles."
Trans-Dniester, wedged between Moldova and Ukraine, is a narrow strip of land separated by from the rest of Moldova by the River Dniester. Moldova was part of Romania until 1940 when it was annexed to the Soviet Union, but Trans-Dniester was never part of Romania.
Trans-Dniester broke away from Moldova in 1990 because of fears that Moldova planned to reunite with neighboring Romania. A war broke out in 1992, leaving 1,500 dead. In 2005, the EU and the U.S. joined Ukraine and Russia as negotiators to seek a solution for the situation.
Last week separatist leader Yevgeny Shevchuk signed legislation that would expand the region to include eight Moldovan villages, saying he would do everything possible to make sure the legislation came into effect.
Moldovan Defense Minister Vitalie Marinuta said the army would respond to any attack on its territory, adding he did not think the situation would escalate into an armed conflict. Trans-Dniester is not recognized internationally but is supported by Russia.
Russia opposes Moldova signing an association agreement with the EU in November, and Moldovan analysts say Moscow is seeking to destabilize the situation in one of Europe's poorest countries.
Source: http://news.yahoo.com/moldova-urges-intl-help-resolve-border-row-100925620.html
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Sunday, June 23, 2013
German minister seeks answers from UK over spying 'catastrophe'
By Michael Nienaber
BERLIN (Reuters) - Britain's European partners will seek urgent clarification from London about whether a British spy agency has tapped international telephone and Internet traffic on a massive scale, Germany's justice minister said on Saturday.
Sabine Leutheusser-Schnarrenberger said a report in Britain's Guardian newspaper read like the plot of a horror film and, if confirmed as true, would be a "catastrophe".
In its latest article based on information from Edward Snowden, a former contractor for the U.S. National Security Agency (NSA), the Guardian reported a project codenamed "Tempora" under which Britain's eavesdropping agency can tap into and store huge volumes of data from fiber-optic cables.
Tempora has been running for about 18 months and allows the Government Communications Headquarters agency (GCHQ) to access the data and keep it for 30 days, the paper said, adding that much information was shared with the NSA.
"If these accusations are correct, this would be a catastrophe," Leutheusser-Schnarrenberger said in a statement emailed to Reuters.
"The accusations against Great Britain sound like a Hollywood nightmare. The European institutions should seek straight away to clarify the situation."
With a few months to go before federal elections, the minister's comments are likely to please Germans who are highly sensitive to government monitoring, having lived through the Stasi secret police in communist East Germany and with lingering memories of the Gestapo under the Nazis.
"The accusations make it sound as if George Orwell's surveillance society has become reality in Great Britain," the parliamentary floor leader of the opposition Social Democrats, Thomas Oppermann, was quoted as saying in a newspaper.
Orwell's novel "1984" envisioned a futuristic security state where "Big Brother" spied on the intimate details of people's lives.
"This is unbearable," Oppermann told the Frankfurter Allgemeine Sonntagszeitung. "The government must clarify these accusations and act against a total surveillance of German citizens."
Earlier this month, in response to questions about the secret U.S. data-monitoring program Prism, also exposed by Snowden, British Foreign Secretary William Hague told parliament that GCHQ always adhered to British law when processing data gained from eavesdropping.
He would not confirm or deny any details of UK-U.S. intelligence sharing, saying that to do so could help Britain's enemies.
News of Prism outraged Germans, with one politician likening U.S. tactics to those of the Stasi, and the issue overshadowed a visit by U.S. President Barack Obama to Berlin last week.
(Writing by Sarah Marsh; Editing by Robin Pomeroy)
Source: http://news.yahoo.com/german-minister-seeks-answers-uk-over-spying-catastrophe-152419146.html
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