JERUSALEM, ISRAEL--Last week, Harvard professor Niall Ferguson argued that volatility induced by the Greek elections could cause a "Lehman moment" in Europe, a wave of bank runs that could lead to either the collapse or resurrection of the European Monetary Union.
While the events of this weekend do not seem to have caused this to happen, Feruguson still believes that the climax of pressures on Europe is yet to come.
The European Parliament has been advised to reject a controversial new global anti-piracy trade agreement.
Parliament's influential international trade committee on Thursday voted 19-12 against merely deferring its decision on adopting the Anti-Counterfeiting Trade Agreement (ACTA) until the European Court of Justice has decided whether it would violate the EC's fundamental freedoms.
The vote means parliament is more likely to adopt the committee's view against ACTA in its July 4 plenary meeting, regardless of whether the court rules it lawful or not.
In the midst of Greece's economic crisis, one entrepreneur has come up with a novel way to earn extra cash: He's renting out farmland. Dimitris Koutsolioutsos started gineagrotis.gr to connect city dwellers to rural farmers. The urban resident rents out a section of the farmer's land to grow whatever produce is desired, which is then delivered to the city each week -- either to the resident or, if desired, a local soup kitchen.
PARIS — Socialist President François Hollande looked set to consolidate his grip on power with a left-wing majority in parliament after a first-round vote on Sunday, and may be able to govern without relying on hard leftists hostile to closer European integration.
Initial projections by polling agencies based on a partial vote count suggested his core Socialist bloc could win 283 to 329 seats in the 577-member National Assembly in next Sunday’s runoff, shifting the lower house to the left for the first time in a decade.
From Columbia University:
Many strands of Eric Kandel’s life come together in his latest work, The Age of Insight: The Quest to Understand the Unconscious in Art, Mind, and Brain, from Vienna 1900 to the Present. The 82-year-old University Professor and co-director of the Mind Brain Behavior Initiative was born in Vienna, where, as a boy of 8, he witnessed the Nazis march into the Austrian capital.
I've become a fan of wooden architecture. Can't imagine a healthier living environment than that. Here is a barn style house in Southern Burgenland (Austria), which also contains rooms for wine production (very common in that area) and a cellar.
As the house is not inhabited during winter months, it is possible to shut down the whole house with folding and flap shutters.
It doesn’t end well when a $225,000 Lamborghini Gallardo races through turn on a Chicago suburb street.
This project by Pimkie called Color Forecast has been developed by Pedro Cruz and runs feeds from high definition cameras in Milan, Paris and Antwerp to track the colour of fashions worn across the cities.
The software analyzes the passing colors and shows in real time which colors are worn most often, then the colors are compiled into an infographic to see how trends evolve..
One reason the United States remained active in the politics and war in Southeast Asia in the 1960s was the so-called domino theory: if one nation in the region fell to communism, it was only a matter of time until its neighbors would too. The same can be said, perhaps, about some of the impetus behind U.S. involvement and troop presence in the Middle East.
Debate from the 2012 Global Conference in Los Angeles, hosted by the economic think tank Milken Institute.
Infographic by 1BOG.