Posts Tagged ‘italy’

Questioning John Maynard Keynes — Nin-Hai Tseng, Fortune

Monday, June 14th, 2010

But too much public spending has proven unsustainable in parts of Europe. Government finances of Portugal, Italy, Ireland, Greece, Spain — and now possibly Hungary — are shaky. And despite a bailout of nearly $1 trillion to keep Greece afloat, global investors continue to worry about whether the region can contain its debt crisis and prevent a default.

Europe isn’t the only one spooked by its public finances. Earlier this month, the surge in U.S. government spending helped push the national debt for the first time to a scary $13 trillion, which represents about 90% of GDP. Despite a $787 billion stimulus package, unemployment continues to hover near 10%.

UK Telegraph: The first animals that do not depend on oxygen to breathe and reproduce have been discovered by scientists on the bed of the Mediterranean Sea

Friday, April 9th, 2010

The animals, named Loriciferans due to their protective layer, or lorica, were discovered by a team led by Roberto Danovaro from Marche Polytechnic University in Ancona, Italy.