zo Arizona Businessmen and California Attorney Convicted for Hiding Millions in Secret Foreign Bank Accounts at UBS AG and Pictet & Cie By www.justice.gov Published On :: Fri, 12 Apr 2013 14:08:35 EDT A jury convicted Stephen M. Kerr and Michael Quiel yesterday on federal tax charges stemming from their failure to disclose secret offshore bank accounts in Switzerland. Full Article OPA Press Releases
zo Halliburton Agrees to Plead Guilty to Destruction of Evidence in Connection with Deepwater Horizon Tragedy By www.justice.gov Published On :: Thu, 25 Jul 2013 17:50:55 EDT Halliburton Energy Services Inc. has agreed to plead guilty to destroying evidence in connection with the Deepwater Horizon disaster, the Department of Justice announced today. A criminal information charging Halliburton with one count of destruction of evidence was filed today in U.S. District Court in the Eastern District of Louisiana. Full Article OPA Press Releases
zo United States Reaches Settlement with Safeway to Reduce Emissions of Ozone-Depleting Substances Nationwide By www.justice.gov Published On :: Wed, 4 Sep 2013 14:58:21 EDT In a settlement agreement with the United States, Safeway, the nation’s second largest grocery store chain, has agreed to pay a $600,000 civil penalty and implement a corporate-wide plan to significantly reduce its emissions of ozone-depleting substances from refrigeration equipment at 659 of its stores nationwide, estimated to cost approximately $4.1 million. Full Article OPA Press Releases
zo Halliburton Pleads Guilty to Destruction of Evidence in Connection with Deepwater Horizon Disaster and Is Sentenced to Statutory Maximum Fine By www.justice.gov Published On :: Thu, 19 Sep 2013 12:28:53 EDT Halliburton Energy Services Inc. (Halliburton) pleaded guilty today to destroying evidence pertaining to the 2010 Deepwater Horizon disaster and was sentenced to the statutory maximum fine, the Justice Department announced. Full Article OPA Press Releases
zo Government Files Suit Against Canton, Ohio-based Tab Construction and Its Owner for Allegedly Defrauding the Historically Underutilized Business Zone Program By www.justice.gov Published On :: Thu, 5 Dec 2013 10:43:56 EST The government has filed a complaint against Canton, Ohio-based TAB Construction Co. Inc. (TAB) and its owner, William E. Richardson III, for allegedly making false statements to the Small Business Administration (SBA) to obtain certification as a Historically Underutilized Business Zone (HUBZone) company. Full Article OPA Press Releases
zo Former BP Engineer Convicted for Obstruction of Justice in Connection with the Deepwater Horizon Criminal Investigation By www.justice.gov Published On :: Wed, 18 Dec 2013 16:04:23 EST A former engineer for BP plc, was convicted today of intentionally destroying evidence requested by federal criminal authorities investigating the April 20, 2010, Deepwater Horizon disaster. Full Article OPA Press Releases
zo Justice Department Requires ConAgra, Cargill, CHS, Horizon Milling to Divest Four Significant Flour Mills to Go Forward with Ardent Mills Joint Venture By www.justice.gov Published On :: Tue, 20 May 2014 11:57:30 EDT The Department of Justice will require ConAgra Foods Inc., Cargill Inc., CHS Inc. and Horizon Milling LLC to divest four competitively significant flour mills in order to proceed with the formation of Ardent Mills, a flour milling joint venture. Full Article OPA Press Releases
zo United States Settles with Costco to Cut Ozone-Depleting and Greenhouse Gas Refrigerant Emissions Nationwide By www.justice.gov Published On :: Wed, 3 Sep 2014 11:58:06 EDT Costco Wholesale Corporation, one of the nation’s largest retailers, has agreed to cut its emissions of ozone-depleting and greenhouse gases from leaking refrigeration equipment at more than half of its stores nationwide. Full Article OPA Press Releases
zo Newron ditches sarizotan program after pivotal trial flop, sees shares crater By www.fiercebiotech.com Published On :: Mon, 04 May 2020 07:54:54 +0000 Newron will terminate work on its experimental Rett syndrome drug sarizotan after a complete failure in its pivotal STARS trial. Full Article
zo India and Pakistan's 'red zones' keep COVID-19 trajectory on rise By asia.nikkei.com Published On :: Full Article
zo Genetic structure in hybrids and progenitors provides insight into processes underlying an invasive cattail (<i>Typha</i> × <i>glauca</i>) hybrid zone By feeds.nature.com Published On :: 2020-03-18 Full Article
zo Screams on a Zoom call: the theory of homeworking with kids meets reality By feeds.nature.com Published On :: 2020-05-01 Full Article
zo Leucine-rich repeat containing 4 act as an autophagy inhibitor that restores sensitivity of glioblastoma to temozolomide By feeds.nature.com Published On :: 2020-05-05 Full Article
zo Connectivity map-based drug repositioning of bortezomib to reverse the metastatic effect of GALNT14 in lung cancer By feeds.nature.com Published On :: 2020-05-09 Full Article
zo Effectiveness of the adjunctive use of ozone and chlorhexidine in patients with chronic periodontitis By www.nature.com Published On :: 2019-11-28 Full Article
zo Effect of simulated microgravity on the antidiabetic properties of wheatgrass (<i>Triticum aestivum</i>) in streptozotocin-induced diabetic rats By feeds.nature.com Published On :: Mon, 24 Feb 2020 00:00:00 PST npj Microgravity, Published online: 24 February 2020; doi:10.1038/s41526-020-0096-xEffect of simulated microgravity on the antidiabetic properties of wheatgrass (Triticum aestivum) in streptozotocin-induced diabetic rats Full Article
zo Correction: Humanized bone facilitates prostate cancer metastasis and recapitulates therapeutic effects of Zoledronic acid in vivo By feeds.nature.com Published On :: 2020-04-03 Full Article
zo uPAR antibody (huATN-658) and Zometa reduce breast cancer growth and skeletal lesions By feeds.nature.com Published On :: 2020-04-17 Full Article
zo Genome-wide association study identifies zonisamide responsive gene in Parkinson’s disease patients By feeds.nature.com Published On :: 2020-05-01 Full Article
zo Abundant nitrite-oxidizing metalloenzymes in the mesopelagic zone of the tropical Pacific Ocean By feeds.nature.com Published On :: 2020-05-04 Full Article
zo Obama walking a razor’s edge in Alaska on climate change By webfeeds.brookings.edu Published On :: Tue, 01 Sep 2015 15:50:00 -0400 In the summer of 1978, my grandfather George Washington Timmons, my cousin George, and I took the train from the Midwest across Canada and the ferry up the Pacific coast to Alaska. There we met up with my brother Steve, who was living in Anchorage. It was the trip of a lifetime: hiking, and fishing for grayling, salmon and halibut in Denali park, on the Kenai peninsula, Glacier Bay, and above the Arctic Circle in a frontier town called Fort Yukon, camping everywhere, and cooking on the back gate of my brother’s pickup truck. That Gramps had a Teddy Roosevelt moustache and a gruff demeanor gave the adventure a “Rough Riders” flavor. Like Teddy, the almost-indomitable GWT had given me a view of how experiencing a majestic land was a crucial part of becoming a robust American man. When we got home, he was diagnosed with lung cancer and died just a few months later. We project all kinds of cultural images and values on the green screen of the American landscape. Those endless late June sunsets in the Crazy Mountains and the sun on the ragged peaks of the Wrangell Mountains represent for me a sense of the vastness of the state of Alaska and the need to balance preservation there with the needs of its people for resources and income. Certainly there is enough space in Alaska to drill for oil and protect large swaths in wildlife refuges and national parks. As leaders of the Inupiat Eskimo corporation put it in a letter to Obama, “History has shown us that the responsible energy development, which is the lifeblood of our economy, can exist in tandem with and significantly enhance our traditional way of life.” Unfortunately, this view is outdated: that was the case in Alaska, but there is a new, global problem that changes the calculus. As President Obama wraps up his historic visit to Alaska and meeting with the Arctic climate resilience summit (GLACIER Conference), he is walking a razor’s edge, delivering a delicately crafted missive for two audiences. Each view is coherent by itself, but together they create a contradictory message that reflects the cognitive dissonance of this administration on climate change. Balancing a way of life with the future For the majority of Alaska and for businesses and more conservative audiences, Obama is proclaiming that Alaskan resources are part of our energy future. With oil providing 90 percent of state government revenues, that’s the message many Alaskans most ardently want to hear. For environmentalists and to the nations of the world, Obama is making another argument. His stops were chosen to provide compelling visual evidence now written across Alaska’s landscape that climate change is real, it is here, Alaskans are already suffering, and we must act aggressively to address it. “Climate change is no longer some far-off problem; it is happening here, it is happening now … We’re not acting fast enough.” This is a razor’s edge to walk: the Obama administration is criticized by both sides for favoring the other. Those favoring development of “all of the above” energy sources say that Obama’s Clean Power Plan has restricted coal use in America and that future stages will make fossil fuel development even tougher in future years. These critics believe Obama is driving up energy costs and hurting America’s economic development, even as oil prices drop to their lowest prices in years. “Climate hawks” on the other hand worry that we are already venturing into perilous territory in dumping gigatons of carbon dioxide and other gases causing the greenhouse effect into the atmosphere. The scientific consensus has shown for a decade that raising global concentrations of CO2 over 450 parts per million would send us over 3.6 degrees F of warming (2 degrees C) and into “dangerous climate change.” The arctic is warming twice as fast as this global average, and though we are still below 1.8 degrees F of warming, many systems may be reaching tipping points already. Already melting permafrost in Alaska releases the potent greenhouse gas methane, and wreaks havoc for communities adapted to that cold. Foundations collapse and roads can sink and crumble. The melting of offshore ice makes coastal communities more vulnerable to coastal erosion, and allows sunbeams to warm the darker water below, leading to further warming. The difficulty is that we have a limit to how much greenhouse gases we can pump into the atmosphere before we surpass the “carbon budget” and push the system over 3.6 degrees F. Which fossil reserves can be exploited and how much of which ones must be kept in the ground if we are to stay within that budget? Realistic and credible plans have to be advanced to limit extraction and combustion of fossil fuels until we have legitimate means of capturing and sequestering all that surplus carbon somewhere safe. It is a dubious and risky proposition to say that we can continue to expand production here in America, and that only other countries and regions should cap their extraction. Obama got elected partly due to his not rejecting natural gas and even coal development. He kept quiet about climate change during his entire first term and he and Mitt Romney had a virtual compact of silence on the issue during the 2012 campaign. But in his second term, Obama has become a global leader on the issue, seeking to inspire other countries to make and keep commitments to sharply reduce emissions. This work has yielded fruit, with major joint announcements with China last November, with Mexico in March, and a series of other nations coming in with pledges. The administration has been seeking to push the pledging process to keep our global total emissions below 3.6 degrees F. However a just-released UNEP report shows that all the pledges so far—representing 60 percent of all global emissions—add up to 4-8 gigatons of carbon reduction in what would have been emitted. That’s progress, but the report goes on to show that we are still 14 gigatons short of where we need to be to stay under 3.6 degrees F. Indeed, Climateactiontracker.org reports that we are still headed to 5.5 degrees F of warming (3.1 C) with these pledges, down from 7 degrees without the pledges. Each on their climate change razor This puts the administration and U.N. officials in the position of having to decide which message to put out there—the hopeful message that emissions are being reduced, or the more frustrating one that they are not being reduced nearly enough. Environmentalists are in a similar position with Obama in Alaska—do they criticize him for allowing Shell to drill in the Arctic, or praise him for being generally constructive in this year’s effort to reach a meaningful treaty in Paris in December? Is it possible to kiss Obama on one cheek while slapping him on the other? This is the delicate political moment in which we find ourselves. Fossil fuel projects continue to be built that will lock us in to carbon emissions for decades to come. They will certainly push us over the “carbon budget” we know exists and beyond which human civilization may be untenable on this planet. But these projects are advanced by extremely strong economic actors with mighty lobbying and public relations machines, and flatly opposing them is likely to lead to one’s portrayal as a Luddite seeking to send humanity back to the stone age. Clean energy alternatives exist, and they are increasingly affordable and reliable. Logically, we need to be spending the remaining carbon budget to make the transition to a net zero emissions economy, not to continuing the wasteful one we have now. Players on both sides of this debate will seek to deploy Alaska’s majestic landscape to win their case. I’m fairly sure on which side my grandfather George Washington Timmons would have stood: he was a building contractor and would sometimes estimate the number of 2x4s one could harvest from a giant tree. But he didn’t know about the global carbon budget—he loved his children and grandchildren, and I think he would have supported living within our means if he was fully aware of this problem. The original Rough Rider Teddy Roosevelt himself went from avid hunter to devoted conservationist as he learned of the damage over-cutting was causing American forests. As Obama said in Alaska, “Let’s be honest; there’s always been an argument against taking action … We don’t want our lifestyles disrupted. The irony, of course, is that few things will disrupt our lives as profoundly as climate change.” That is the political razor’s edge the president—and all of us—have to walk today, as we make the inevitable transition away from fossil fuel development. Authors Timmons Roberts Full Article
zo Arizona State Legislature v. Arizona Independent Redistricting Commission, et al. By webfeeds.brookings.edu Published On :: Mon, 29 Jun 2015 13:45:00 -0400 Editor's Note: For full disclosure, Tom Mann (joined by Norm Ornstein) filed an amicus curiae brief in Arizona State Legislature v. Arizona Independent Redistricting Commission. James Madison would be pleased. The 5-4 decision announced today by the Supreme Court upholding Arizona’s use of the initiative to establish an independent redistricting commission is a model of constitutional reasoning and statutory interpretation. It underscores the essential connection between republican government and popular sovereignty, in which the people have the ultimate authority over who shall represent them in public office. The majority opinion quotes Madison to powerful effect: “The genius of republican liberty seems to demand . . . not only that all power should be derived from the people, but those entrusted with it should be kept in dependence on the people.” Madison worried about the dangers of the manipulation of electoral rules to serve the immediate interests of political actors. He was himself the target of a gerrymander designed (unsuccessfully) to deny him a seat in the first Congress. The Elections Clause of the Constitution, by granting Congress the power to override state actions setting the time, place and manner of elections, was designed partly as a safety valve to contain the abuse of power by those in a position to determine which voters will hold them accountable. Today’s intensely polarized politics drive major partisan campaigns to seize control of the redistricting authority in the states and to wield that power to boost prospects for majority standing in the House. Partisan gerrymandering is not the major source of our dysfunctional politics but it surely reinforces and exacerbates the tribal wars between the parties. A number of states have used the initiative device provided in their constitutions to establish independent commissions to replace or supplement the regular state legislative process in redrawing congressional and/or state legislative district boundaries. Such commissions are no panacea for partisan gerrymandering. Their composition and rules vary in ways that can shape the outcome. But the evidence suggests they can mitigate the conflicts of interest that are a part of the regular process and produce more timely plans less subject to judicial preemption. The Court has upheld the right of those states to legislate electoral rules through a popular vote. Had the minority position prevailed, state laws governing many aspects of the electoral process would have been subject to constitutional challenge. And an important safety value available to the people of the states for responding to abuses of power by those in public office has been preserved. This should not be read more broadly as a triumph of direct democracy over representative government. Many scholars who provided expert opinion supporting the majority opinion retain serious concerns about the overuse and misuse of initiatives and referendums. Instead, the decision strengthens the legitimacy of representative democracy by reinforcing the essential link between republican government and popular sovereignty. Authors Thomas E. Mann Image Source: © Jonathan Ernst / Reuters Full Article
zo Better schools or different students? Immigration reform and school performance in Arizona By webfeeds.brookings.edu Published On :: Fri, 15 Apr 2016 07:00:00 -0400 Donald Trump has made waves during this year’s election cycle by taking a hard line on illegal immigration. This, however, builds on years of heated debate among policymakers. It is also an enduring hot-button issue in Arizona, which has passed several immigration laws over the years. In 2010, the passage of SB 1070 brought national attention to this debate. Deemed the strictest immigration law to date, SB 1070 sought to achieve “attrition [of illegal immigrants] through enforcement” by requiring law enforcement to detain any person whom they believed to be residing in the country illegally. Although SB 1070’s effects on individuals and families have been well documented, little is known about its impact on students and schools. To this end, we sought to estimate the relationship between the passage of SB 1070 and school-level student achievement. We anticipated that anti-immigration policies would primarily affect children from the families of undocumented immigrants. Such effects could be observed in different ways. For instance, the emotional and psychological distress of these children could result in a decline in average test scores at the school-level. On the other hand, students might have left the country or the state under the threat of being deported in which case school-level test scores would rise (since these students often perform below their peers). To this end, we considered three scenarios: Immigrant children remain in the state but experience higher levels of stress. As a result, average school-level test scores will drop while Hispanic enrollment remains the same. Children of undocumented immigrants leave the state, which results in a drop in Hispanic enrollment accompanied by an increase in school-level test scores. Or, the first two scenarios occur simultaneously and we do not observe any change in test scores since the two effects would cancel each other, but note a slight decrease in Hispanic enrollment. In order to see which of these hypothetical scenarios is supported by the data, we first estimated the relationship between the passage of SB 1070 and average school-level reading test scores. We then attempted to unpack the mechanism through which such an effect might have taken place. To this end, we used publicly available data on school-level achievement and enrollment collected by the Arizona Department of Education (ADE). Given the targeted nature of the policy and the demographics of immigrants in Arizona, the majority of whom are of Hispanic or Mexican descent, we focused on schools that traditionally enroll large proportions of Hispanic students. We identified schools with high (more than 75 percent) shares of Hispanic students as those whose average achievement and student composition are most likely to be affected by immigration reform. We contrasted changes in school-level achievement and enrollment in those schools with schools that enroll less than 25 percent Hispanic students, as these schools are less likely to experience any changes as a result of tightening immigration laws. Figures 1 and 2 show trends in the average percentage of students passing the state reading test and average Hispanic enrollment at these schools between 2006-2007 and 2011-2012. Figure 1. Average Percent of Students Passing AIMS Reading Figure 2. Average Hispanic Student Enrollment Clearly, the rate of growth in school-level reading scores was much higher for high Hispanic schools after the passage of SB 1070 in 2010 (Figure 1). At the same time, there was a significant decrease in Hispanic enrollment in these schools (Figure 2). Thus, it appears the second scenario is likely driving the patterns we observe. The data also suggest that the trends for high Hispanic and low Hispanic schools started diverging before the passage of SB 1070 - after the 2007-2008 school year. This happens to be the year that Arizona passed an even more restrictive, though less controversial, immigration law – the Legal Arizona Workers Act (LAWA). LAWA required Arizona business owners to verify the legal status of their employees using E-Verify, an online tool managed by the federal government. Although LAWA used a different mechanism, similar to SB 1070 it sought to achieve the attrition of undocumented immigrants from the state. We then would anticipate both laws to have similar effects on school-level achievement and Hispanic enrollment. Indeed, we estimated that LAWA likely led to an average increase of roughly 4 percent of students passing the state reading test at high Hispanic schools. This was accompanied by an average loss of 38 Hispanic students per school. Because the passage of SB 1070 was preceded by the passage LAWA as well as a language policy that would have affected treatment schools, disentangling the effects of these two policies is not straightforward. However, based on our analysis, we estimate that SB 1070 is associated with an average increase of between 1.5 percent and 4.5 percent of students passing the state reading test at the school-level accompanied by an average loss of between 14 and 40 Hispanic students. Despite the fact that we cannot pin down the exact magnitude of SB 1070’s effect on school-level achievement, our analysis shows that when Arizona passed restrictive immigration laws in 2008 and 2010, it looked as if the state’s lowest performing schools were improving rapidly. This, however, likely had more to do with the changing composition of schools as an indirect though anticipated effect of immigration policies than with policies aimed at improving student achievement. Despite this, the Arizona Department of Education took credit for these gains. Similarly, Arizona was recently recognized as one of the nation’s leaders in growth on the National Assessment of Educational Progress (NAEP) over the last ten years. Although wrongly attributing these gains may seem harmless at first glance, it is important to remember that Arizona is viewed by many as a model for controversial education reforms like school choice and high-stakes accountability. It is easy to imagine how policymakers might look at increasing test scores in Arizona and wrongly attribute them to these kinds of reforms. That’s not to say that these policies don’t have merit. However, if other states adopt education policy reforms under the assumption that they worked in Arizona, then they might find that these policies fail to deliver. Authors Margarita PivovarovaRobert Vagi Image Source: Jonathan Drake / Reuters Full Article
zo What do the Amazon fires mean for Brazil’s economic future? By webfeeds.brookings.edu Published On :: Tue, 27 Aug 2019 21:14:41 +0000 Under Brazilian President Jair Bolsonaro, deforestation of the Amazon region has risen, and consequently so have the number of fires. Nonresident Senior Fellow Otaviano Canuto addresses the need for sustainable economic development across the Amazon region, how the fires could affect Brazil's future participation in the global economy, and whether public and political support for… Full Article
zo 2010 CUSE Annual Conference: From the Lisbon Treaty to the Eurozone Crisis By webfeeds.brookings.edu Published On :: Wed, 02 Jun 2010 09:30:00 -0400 Event Information June 2, 20109:30 AM - 3:00 PM EDTFalk AuditoriumThe Brookings Institution1775 Massachusetts Ave., NWWashington, DC Register for the EventWith a U.S. Administration still popular across Europe and a new Lisbon Treaty designed to enhance the diplomatic reach of the European Union, transatlantic relations should now be at their best in years. But this is clearly not the case, with the strategic partners often looking in opposite directions. While the United States channels its foreign policy attention on the war in Afghanistan, counterterrorism and nuclear non-proliferation, Europe is turning inward. Despite its ambitions, the European Union has yet to achieve the great global role to which it aspires, or to be the global partner that Washington seeks. Moreover, the Greek financial crisis has raised questions about the very survival of the European project.On June 2, the Center on the United States and Europe (CUSE) at Brookings and the Heinrich Böll Foundation hosted experts and top officials from both sides of the Atlantic for the 2010 CUSE Annual Conference. Panelists explored critical issues shaping the future of transatlantic relations in the post-Lisbon Treaty era, including Europe’s Eastern neighborhood and the role Russia plays, and the impact of the Eurozone crisis. After each panel, participants took audience questions. Audio From the Lisbon Treaty to the Eurozone Crisis: A New Beginning or the Unraveling of Europe?From the Lisbon Treaty to the Eurozone Crisis: A New Beginning or the Unraveling of Europe?From the Lisbon Treaty to the Eurozone Crisis: A New Beginning or the Unraveling of Europe? Transcript Transcript (.pdf) Event Materials 20100602_eurozone Full Article
zo Eurozone Crisis an Opportunity for G-20 Leaders in Cannes By webfeeds.brookings.edu Published On :: Tue, 01 Nov 2011 10:18:00 -0400 Leaders from the world’s largest economies are gathering in Cannes, France for the second round of G-20 talks this year. The most pressing issue on the agenda is the ongoing sovereign debt crisis that is still looming despite a plan to help stabilize the fiscal free fall in Greece. The call from all quarters is for leaders to hammer out an action plan that spurs global growth, promotes investment and facilitates trade. Nonresident Senior Fellow Colin Bradford says dealing with the eurozone debt crisis presents an opportunity for leaders to make a serious commitment to a serious problem. Video 01 bradford g20 Full Article
zo To unite a divided nation, we must tackle both vertical and horizontal inequality By webfeeds.brookings.edu Published On :: Tue, 05 Nov 2019 14:00:10 +0000 America was once a country defined by our confident self-perception that we sometimes called “American exceptionalism.” Our “can-do” spirit helped us win two world wars, land on the moon, invent much of the world’s economy, and create a working class that was the envy of the world. Now we wonder whether we are a nation… Full Article
zo The UN, the United States and International Cooperation: What is on the Horizon? By webfeeds.brookings.edu Published On :: To coincide with President Obama’s twin addresses to the UN, the Managing Global Insecurity project at Brookings (MGI) hosted a panel discussion in New York on September 22 with Brookings President Strobe Talbott, former head of UN peacekeeping Jean-Marie Guehenno, MGI Director Bruce Jones, Brookings Senior Fellow Homi Kharas, and Jim Traub of The New… Full Article
zo 6 years from the BP Deepwater Horizon oil spill: What we’ve learned, and what we shouldn’t misunderstand By webfeeds.brookings.edu Published On :: Six years ago today, the BP Deepwater Horizon oil spill occurred in the U.S. Gulf of Mexico with devastating effects on the local environment and on public perception of offshore oil and gas drilling. The blowout sent toxic fluids and gas shooting up the well, leading to an explosion on board the rig that killed… Full Article Uncategorized
zo Eurozone desperately needs a fiscal transfer mechanism to soften the effects of competitiveness imbalances By webfeeds.brookings.edu Published On :: Thu, 18 Jun 2015 00:00:00 -0400 The eurozone has three problems: national debt obligations that cannot be met, medium-term imbalances in trade competitiveness, and long-term structural flaws. The short-run problem requires more of the monetary easing that Germany has, with appalling shortsightedness, been resisting, and less of the near-term fiscal restraint that Germany has, with equally appalling shortsightedness, been seeking. To insist that Greece meet all of its near-term current debt service obligations makes about as much sense as did French and British insistence that Germany honor its reparations obligations after World War I. The latter could not be and were not honored. The former cannot and will not be honored either. The medium-term problem is that, given a single currency, labor costs are too high in Greece and too low in Germany and some other northern European countries. Because adjustments in currency values cannot correct these imbalances, differences in growth of wages must do the job—either wage deflation and continued depression in Greece and other peripheral countries, wage inflation in Germany, or both. The former is a recipe for intense and sustained misery. The latter, however politically improbable it may now seem, is the better alternative. The long-term problem is that the eurozone lacks the fiscal transfer mechanisms necessary to soften the effects of competitiveness imbalances while other forms of adjustment take effect. This lack places extraordinary demands on the willingness of individual nations to undertake internal policies to reduce such imbalances. Until such fiscal transfer mechanisms are created, crises such as the current one are bound to recur. Present circumstances call for a combination of short-term expansionary policies that have to be led or accepted by the surplus nations, notably Germany, who will also have to recognize and accept that not all Greek debts will be paid or that debt service payments will not be made on time and at originally negotiated interest rates. The price for those concessions will be a current and credible commitment eventually to restore and maintain fiscal balance by the peripheral countries, notably Greece. Authors Henry J. Aaron Publication: The International Economy Image Source: © Vincent Kessler / Reuters Full Article
zo Ollie the jailbreaking bobcat on the lam from National Zoo By www.treehugger.com Published On :: Mon, 30 Jan 2017 15:36:55 -0500 The 25-pound lady bobcat was last seen on Monday morning. Full Article Science
zo Ozone Hinders Plants' Ability to Absorb Carbon Dioxide By www.treehugger.com Published On :: Fri, 10 Aug 2007 14:20:00 -0400 Ozone — best known for filtering out harmful UV light as a component of the Earth's stratosphere — could dramatically reduce plants' ability to act as a carbon sink and thus cause further accumulation of greenhouse gases in the atmosphere, according to Full Article Technology
zo Ozone Could Slash Global Crop Yields by 40% by Century's End By www.treehugger.com Published On :: Mon, 29 Oct 2007 09:30:00 -0400 We recently told you of a study warning that global warming could prompt the large-scale collapse of the world's crops by 2080; now comes another study concluding that rising levels of ozone could achieve the same result by century's end. The study, Full Article Technology
zo Who's Looking Out for Your Lungs? Industry and Legislators Pressing EPA to Drop Tighter Ozone Standards By www.treehugger.com Published On :: Fri, 07 Mar 2008 12:15:00 -0500 You can't blame them for trying: With the White House set to change hands in less than a year's time - likely bringing on board a more eco-friendly administration - industry groups have been pressing the EPA to squelch stricter air-quality standards Full Article Business
zo Could Fixing the Ozone Layer's Hole Make Global Warming Worse? By www.treehugger.com Published On :: Fri, 13 Jun 2008 13:50:00 -0400 Talk about a lose-lose situation: On one hand, not taking any action to repair the hole would allow harmful UV radiation to percolate through; on the other hand, helping to accelerate its recovery could strengthen global warming by Full Article Technology
zo Existing Ozone Controls Aren't Protecting Human Health or the Environment, Report Says By www.treehugger.com Published On :: Sat, 04 Oct 2008 23:50:00 -0400 Image from NASA updated: As many noted, I (idiotically) cited the Montreal Protocol's success here, which has nothing to do with reducing tropospheric ozone -- rather, it has to do with fixing the ozone layer. Thank you commenters, and my apologies for Full Article Technology
zo Ozone Depletion Contributes to Ocean Acidification in the Southern Ocean By www.treehugger.com Published On :: Fri, 12 Dec 2008 23:50:00 -0500 Forty percent: That is the share of annual oceanic carbon dioxide uptake accounted for by the Southern Ocean. Given that oceans comprise Earth's largest carbon sink, that is not an insignificant figure; Full Article Technology
zo Beautiful Sweaty Snowflakes Dissolve Polar Ozone By www.treehugger.com Published On :: Tue, 08 Dec 2009 20:06:21 -0500 Image credit: Purdue University photo/Shepson Lab digg_url = 'http://www.treehugger.com/files/2009/12/beautiful-sweaty-snowflakes-dissolve-polar-ozone.php';Snowflakes, we have seen, are beautiful and diverse but they are not inert byproducts of cold Full Article Technology
zo In 2011 the Arctic's Ozone Layer Hole Grew to an Unprecedented Size By www.treehugger.com Published On :: Mon, 03 Oct 2011 15:10:29 -0400 Left: Ozone in Earth's stratosphere at an altitude of approximately 12 miles (20 kilometers) in mid-March 2011, near the peak of the 2011 Arctic ozone loss. Right: chlorine monoxide - the primary agent of chemical ozone destruction in the cold polar Full Article Technology
zo Remember the hole in the ozone layer? We slowed that. We can slow climate change, too. By www.treehugger.com Published On :: Thu, 08 Aug 2013 09:47:47 -0400 Ben Richmond at Motherboard highlights a climate change success story. Full Article Business
zo The Montreal Protocol on ozone-depleting substances is already saving your skin By www.treehugger.com Published On :: Tue, 26 May 2015 16:15:39 -0400 Hopefully someday we can say the same thing about an effective effort to combat greenhouse gas emissions. Full Article Science
zo Ozone hole is officially shrinking, proof that international treaties can be effective By www.treehugger.com Published On :: Fri, 05 Jan 2018 12:12:34 -0500 New NASA study offers first direct proof that the ozone hole is recovering thanks to the Montreal Protocol treaty and the international ban on CFCs. Full Article Business
zo Steven M. Johnson solves the Amazon office bathroom problem By www.treehugger.com Published On :: Mon, 24 Aug 2015 08:17:24 -0400 And the Seattle housing shortage problem at the same time. Full Article Design
zo Animals Taunted and Confined at Bahawlpur Zoo (Video) By www.treehugger.com Published On :: Tue, 08 Mar 2011 09:56:29 -0500 PETA and I may disagree about the ethics of eating meat, and there are plenty of people who object to PETA's overly sexualized campaign tactics. Nevertheless, I have always felt they are one of the more effective campaign Full Article Science
zo Why Amazon Go should be a no-go: We will drown in a sea of plastic By www.treehugger.com Published On :: Mon, 29 Jan 2018 09:17:03 -0500 Even the fruits and vegetables are wrapped in plastic so that the sensors can read them, inculcating a culture of convenience and waste. Full Article Science
zo Amazon's Spheres open in Seattle By www.treehugger.com Published On :: Wed, 31 Jan 2018 08:24:44 -0500 Jeff Bezos said “Alexa, open The Spheres” and it evidently worked. Full Article Design
zo Next-gen smart sprinkler controller from Rachio integrates with Amazon Echo By www.treehugger.com Published On :: Wed, 03 Feb 2016 13:15:51 -0500 Because of course you're thinking about water conservation in your yard in the middle of winter. Full Article Technology
zo Man builds solar-powered, app-controlled micro-home with "zombie mode" (Video) By www.treehugger.com Published On :: Thu, 10 Mar 2016 07:00:00 -0500 It also comes with its own beer dispenser, built-in right in the couch. Full Article Design
zo Artist's zoetrope animates the miraculous metamorphosis of the butterfly (Video) By www.treehugger.com Published On :: Mon, 17 Sep 2018 11:49:36 -0400 Inspired by her own spine-shattering accident, this sculpture shows the struggle and transformation of these remarkable insects. Full Article Living
zo Statistical Analysis Shows 2 Degree Temperature Rise Zones in North America By www.treehugger.com Published On :: Wed, 16 May 2012 07:00:00 -0400 Analysis bridges differences between various climate change models to predict North American climate change with high certainty. Will skeptics finally be convinced? Full Article Science