Popular Articles

Shipping ministry calls for status report on DP World
The Union shipping ministry has asked all ports in the country with a presence of Dubai World’s maritime subsidiary, DP World, to report on how much trade goes through the company-operated terminals.

ADRs gain $11 bn in September
Indian stocks trading on American bourses gained about $11 billion in one month, with IT bellwether Infosys and private sector lender HDFC Bank accounting almost half of the gains. For the month ended September 30, Indian entities listed on the New York Stock Exchange and Nasdaq added $10.61 billion to their market-cap, with Infosys and HDFC Bank together contributing $5.82 billion.

News of the day

Capex spending slows in Q2
Rises only 2% from Q1, with cement, oil & gas, power, telecom all holding back.
Management

World is getting hotter faster: US lawmakers

Hitting hard at global warming sceptics, powerful US lawmakers have accused them of "engaging in a policy of distraction" by promoting hacked e-mails, which claimed that scientists had exaggerated the crisis and asserted that the world is getting hotter faster. - "2010 to be the world"s warmest year" - UN climate summit opens amid calls for early action - L N Mittal to gain 1 bn pound on carbon credits - Ban welcomes India"s climate commitment - Cool head in Eden - Jairam Ramesh to meet "critical" emerging nations in Beijing Three lawmakers from the House Select Committee on Energy Independence and Global Warming stated this in a news conference organised in response to controversy over hackers gaining access to documents of the climate research centre of the UK-based East Anglia University and leaking confidential data, including thousands of e-mails, between scientists in UK and US over the past 10 years. Reacting to the scandal, known as "climate gate", which led to accusations that researchers had exaggerated the crisis, the powerful Congressmen said the e-mails do nothing to refute the overwhelming evidence that humans are causing global warming. "Global-warming deniers are trying to say this is all a trick. But the truth of the matter is that our world is getting hotter faster. New temperature findings by the National Oceanic and Atmospheric Administration have found that 2009 is on track to be the fifth-warmest year on record, and that this decade is already the warmest decade on record," said Congressman Edward Markey, Chairman of the Select Panel. "These new findings buttress the overwhelming scientific record that global warming is real and it is accelerating. Even if the tree-ring data set in question is ignored, the stolen e-mails do not alter the multiple lines of independent scientific evidence for human-caused global warming," Markey asserted. "In fact, the National Academy of Sciences confirms the findings that 20th century warmth in the northern hemisphere was unprecedented during at least the last 1,000 years." Markey alleged that it is coalition of paid-for deniers that is trying to distract way from the central set of actions, which the US should be taking to create a clean-job revolution in the country. "That"s what their agenda is all about. That"s what this fight is about. And we don"t expect this to be an easy fight, because it"s the same coalition that we saw in the past on tobacco and other issues," he said. Since 2001, all the years have been in the top 10 hottest years on record. This decade is the hottest on record, beating out the 1990s by a substantial margin, he said. "We go to Copenhagen with the challenge of actually not only reassuring people who are concerned about the United States" commitment, notwithstanding what the administration has done, but then we have to counter some of our own colleagues, who should be concerned about the energy waste and the problems that face the planet...," said Congressman Earl Blumenauer. Markey, Blumenauer and the third lawmaker, Jay Inslee, accused the global warming sceptics of engaging in a policy of distraction" by promoting the hacked e-mails.


Add your comment:
Name:
Site address: http://
Your message:
Enter today\\\\'s date, 2 digits
(spam protection):