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Crude oil prices slip on Greek default fears
World oil prices slid on Monday, as tumbling global equities and fresh fears of a Greek default sparked concern over the energy demand outlook, with the market also hit by the strong dollar. New York’s main contract, West Texas Intermediate (WTI) for delivery in November, dipped 47 cents to $78.73 a barrel. Brent North…
Toxic mining disasters ‘loom in eastern Europe’
Toxic mining disasters loom in eastern Europe as the European Union has failed to pass legislation a year after Hungary’s lethal toxic mud spill, an environmentalist group said on Monday. “Hungary has let its presidency of the EU pass without taking any action to defuse further ticking time bombs in Central and Eastern Europe,” said Gabor Figeczky, the head…
European stocks and euro dive on Greece worries
European stocks slumped and the euro hit an eight-month dollar low on Monday after Greece said it would not meet a target for reducing its massive deficit, heaping fresh pressure on the eurozone crisis. The Frankfurt market dived more than 3.0 percent and bank stocks tumbled on the first trading day of…
Air passenger demand up 6.2% but freight slumps
International passenger air travel was up 6.2 percent in August from a year ago but freight demand accelerated its plunge with a 3.8 percent decline, industry association IATA said Monday. “The industry has shifted gears downward,” said Tony Tyler, director-general of the International Air Transport Association. “The pace of growth in passenger markets has dipped and thefreight…
Immune system researchers win Nobel Medicine Prize
Three scientists shared the Nobel Medicine Prize on Monday for their ground-breaking work on the immune system which the jury said opened up new prospects for curing cancer and other diseases. The laureates are Bruce Beutler of the United States, Jules Hoffmann of Luxembourg and Ralph Steinman of Canada. “This year’s Nobel laureates have revolutionised our understanding of the immune system by…
Newspapers to disappear by 2040: UN agency chief
Newspapers will disappear and be replaced by digital versions by 2040, the UN intellectual property agency’s chief said in an interview published on Monday. Francis Gurry, who heads the World Intellectual Property Organisation told the daily La Tribune de Geneve that “in a few years, there will no longer be printed newspapers as we know it today.” “It’s…
Philippine gunmen free U.S. hostage
Kidnappers in a lawless part of the Philippines have freed an American woman after more than two months in captivity, but held on to her son and nephew, according to authorities. Gerfa Yeatts Lunsmann, her 14-year-old son Kevin and her Filipino teenage nephew were abducted on July 12 on a resort island…
Israel ‘increasingly isolated’ in Middle East: U.S.
US Defense Secretary Leon Panetta said the Arab spring has left Israel “increasingly isolated” in the Middle East and that its military might could not make up for a weakened diplomatic position. Speaking to reporters aboard his plane bound for Israel as part of a Middle East tour, Panetta said…
12 dead in Mexico tourist hubs
Twelve people have been shot dead in two of Mexico’s top tourist spots, authorities said, in two states that have been hard hit in the country’s spiral of drug-related violence. In Mazatlan, one of Mexico’s busiest international tourism hubs, gunmen killed five people in a vehicle outside a liquor store.…
CIA worker linked to Pakistan deaths held in U.S. after fight
The CIA contractor released from prison in Pakistan in January after shooting dead two people and paying blood money to their families has been arrested in Colorado, ABC television reported. Raymond Davis was arrested early Saturday outside a bagel shop in the town of Highlands Ranch “after he allegedly fought…
Brand new on Raw Story
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- Boy Scouts face possible exodus after lifting ban on gay members
- ‘Arrested Development’ online skit gets musical spoof
- France seizes a million doses of fake Chinese aspirin
- More than 200 evacuated, one dead as record flooding lashes San Antonio
- ‘March Against Monsanto’ protests attract millions worldwide
- John Kerry tells Egyptian president: Show us your reforms
- Visa and Mastercard ask federal court to legalize transaction fees
- Rights group urges United Arab Emirates not to deport striking immigrants
Commentary
Sexual harasser learns same old excuses don’t work anymore
By Amanda Marcotte
Why should Apple have access to consumers if it refuses to pay its fair share of taxes?
By Robert Reich, The Observer
It’s time to make sure our veterans get the care they need
By Nora Eisenberg
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