Finance

Noteworthy posts about financial announcements related to the World Resources Simulation Center

UN chief Ban Ki-moon says the cost of natural disasters is soaring, creating a real economic threat

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UN chief Ban Ki-moon says the cost of natural disasters is soaring, creating a r
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UN chief Ban Ki-moon yesterday warned that no country or city was immune from natural or man-made disasters, as a report underlined the soaring, trillion dollar, economic risks the world faces.

Ban told a four-day UN Conference on disaster risk that the devastating earthquake and tsunami in highly-prepared Japan and the ensuing nuclear accident at the Fukushima Daiichi power plant on March 11 gave the world "a grave warning for the future."

"As we have learned again and again no country or city - rich or poor - is immune," the UN Secretary General said.

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theaustralian.com.au

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China Overtakes Japan As World's Second-Biggest Economy

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14 February 2011 

 BBC News

Japan's economy was worth $5.474 trillion (£3.414 trillion) at the end of 2010, figures from Tokyo have shown. China's economy was closer to $5.8 trillion in the same period.

Japan has been hit by a drop in exports and consumer demand, while China has enjoyed a manufacturing boom.

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Scenario To Cap World Emissions By 2020 Is Fading Fast, Warns IEA Economist

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From his perch as chief economist for the International Energy Agency (IEA), Fatih Birol is virtually shouting his global warming predictions from the Paris rooftops.

Unless the United States, Europe, China, India and the other emerging economies get on a crash course to slash greenhouse gases, Birol contends, world leaders can simply forget about one of their oft-talked-about goals: stabilizing the average global temperature rise at 2 degrees Celsius.

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Original Link: Scenario To Cap World Emissions By 2020 Is Fading Fast, Warns IEA Economist

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Human Development Report Shows Great Gains, And Some Slides

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By NEIL MacFARQUHAR

UNITED NATIONS — The world has made significant progress in income, education and health over the past 40 years, but the gains have been uneven and in some places war and the ravages of AIDS shortened life spans, according to a

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