Rice Farmer - Evening Edition
"Just days ahead of the talks between the six world powers and Iran over the latter’s nuclear program, reports say Washington is 'radiating optimism' with expectations of a peaceful nuclear deal and a 'warming of relations' with Tehran."
"A plan to restore order in Montreal appeared to erupt in smoke late Saturday, with fiery blockades blazing on a busy downtown street corner in a dispute gaining international attention."
"It takes a barrel's worth of energy to produce just three barrels of oil; 30 years ago it would have been 100."
"Local government leaders in the Kansai region have voiced their opposition to restarting reactors at Kansai Electric Power Co.'s Oi nuclear power plant in Fukui Prefecture, despite calls from central government officials asking for their support."
"The Bank of Japan has been struggling to buy government bonds from commercial banks because their sell offers have repeatedly failed to meet targeted amounts.
"Banks apparently think that selling government bonds on the market is more lucrative than selling them to the central bank because bond prices have been soaring amid eurozone concerns, money market sources said."
Hey, Krugman, Ask China If Stimulus Is a Good Idea (Gordon Chang)
"When metals warehouses in top consumer China are so full that workers start stockpiling iron ore in granaries and copper in car parks, you know the global economy could be in trouble."
"Five million TV sets, 4 million refrigerators, 5 million washing machines, 5 million PCs and 10 million mobile phones are scrapped in China every year."
"One fact ought to tell you all you need to know about the risks faced by homeowners signing leases for natural gas drilling on their property: Wells Fargo & Company, both the largest home mortgage lender in the United States and a major lender to the country's second largest producer of natural gas, Chesapeake Energy Corp., refuses to make home loans for properties encumbered with natural gas drilling leases."
Robin Westenra - Afternoon Edition
US PRESIDENT Barack Obama today faces the task of persuading financially pressed European governments and their war-weary citizens to back Afghanistan's security over the next decade.
President Barack Obama prepares for US withdrawal by 2014, as NATO members look to the future of Afghanistan.
First IAEA head to visit Tehran since 2009 will seek inspection deal on alleged weapons sites ahead of Wednesday summit.
Footage captured on the ground in downtown Chicago depicts high tensions and frequent clashes between protesters and police during NATO Summit demonstrations, including several incidents that devolve into violence
PROTESTERS gathering in Chicago for the NATO summit are gearing up for their largest demonstration, with thousands are expected to march from a downtown park to the lakeside convention centre where world leaders including Prime Minister Julia Gillard are meeting.
B'Tselem releases video of clashes between settlers and Palestinians near Itzhar on Saturday; 24-year-old Palestinian wounded as a result of the shooting.
Apart from the events in Chicago and the G8 pretending that everything's OK in Europe ('all we have to do is restore growth' - LOL) - it's a quiet day.
A magnitude-6.0 earthquake has shaken several small towns in northeast Italy. Reports say the quake has killed six people, knocked down a clock tower and other centuries-old buildings and caused millions in losses to the region known for making Parmesan cheese
TROPICAL Storm Alberto is churning off South Carolina's coastline, the first storm of its kind to form in a hurricane season that doesn't begin officially until June 1, forecasters say.
THE Australian dollar could fall below US90¢ if Greece pulls out of the eurozone, the chief currency strategist at Commonwealth Bank has warned, as leaders from the G8 group of nations worked over the weekend to combat the region's financial turmoil.
The head of Australia's biggest company says the lucky country is becoming an uncompetitive place to do business.
So much of what was once considered “knowledge work” – the kind that college graduates specialize in – can now be done more cheaply by software. Or by workers with college degrees in India or East Asia, linked up by Internet.
Jenna Orkin - Morning Edition
That'll keep global consumption going another 3-4 months. - JO