Tag: Crisis

(Reuters) - With investors placing bets on whether Eastman Kodak (EK.N) will file for bankruptcy, there is not so much a sense of crisis as a feeling of resignation and fatigue among the residents in its hometown.

At one point, the company employed more than 60,000 people in Rochester in upstate New York, where it was born more than 130 years ago. Now, that number is closer to 7,000 - and it has been decades since the company, once synonymous with photography, began its downward slide.

Following a 109 billion bailout agreement thousands of Greeks have protested against austerity measures and even greater debt.
This report goes to the grassroots and asks how ordinary Greeks view the crisis.

After the Fukushima crisis, there have been calls to test nuclear power plants against earthquakes and floods.
Recent disasters across the world have raised safety concerns and Russian inventors could soon be cashing in on those fears.

Engineers at Japan's Fukushima plant continue work on emptying highly radioactive water from one of the nuclear reactors. The latest tests show that radiation levels in the sea near the damaged facility have spiked.

TOKYO, Mar. 18, 2011 (Reuters) The Japanese baseball players' union has hit out at the Central League's decision to start its season on schedule as the country struggles with the aftermath of last week's deadly earthquake.


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Two competing narratives dominate our debate about the ongoing ethnic and demographic transformation of America. The first holds that non-European immigrants O.K., let's be honest, Mexicans will rip apart the nation's social fabric. The second has it that the diversity of younger generations of Americans will inevitably lead to a more integrated, postracial era.

But both of these narratives are off the mark. With some minor differences, today's immigrants are assimilating into U.S. society in ways not terribly unlike those of millions before them. At the same time, it's likely that decades from now, Americans will still invest a lot of meaning in group distinctions.

Read more: http://www.time.com/time/specials/packages/article/0,28804,1971133_1971110_1971119,00.html#ixzz0i5L0uB6Q

GENEVA (Reuters) - Demand for patents and trademarks is falling this year after holding up robustly in 2008, indicating the belated impact of the economic crisis, the United Nations intellectual property agency said Friday.

However, international patent applications from countries such as China are rising as its enterprises and universities become familiar with the international patent system, the World Intellectual Property Organization (WIPO) said.

NEW YORK (Reuters) - U.S. singer and songwriter Tori Amos says she was inspired by the financial crisis to question the definition of power and success in relationships on her latest album "Abnormally Attracted To Sin."

SYDNEY (Reuters Life!) - The financial crisis won't cheat Australia out of Christmas this year, with one in three people saying while they don't intend to cut back their festive spending, they will be more sensible, a new survey showed.

Commissioned by online retail site eBay, the survey showed the global economic slowdown was causing financial stress for 65 percent of Australians and causing them to cut back on luxuries on a daily basis as well as eating out, using their car and holiday travel.

Would the current financial crisis have been avoided if traders followed Jewish traditions embodied in the Bible and the Talmud? Two scholars from the Conservative and Orthodox branches of the Judaism are suggesting just that.