The collapse of the Dubai dream is not without any implications; it may be an indication that the travails of finance capitalism are not over. GLOBAL capitalism is in a phase in which it must deal with the fruits of the overextension during the previous boom, and there is no doubt that this is going to be painful. The financial crisis in the United States and some other developed countries...

The State Cabinet on Wednesday approved a comprehensive scheme for the treatment and rehabilitation of people afflicted by the use of Endosulfan in cashew plantations in Kasaragod district. Briefing the media here, Chief Minister V.S. Achuthanandan said the Health Department would provide various kinds of assistance for the treatment and rehabilitation of the victims. The Cabinet had sanctioned Rs.125 lakh for the modernisation of hospitals in the area, improvement of medical...

Climate change is the biggest factor driving forced displacement, a top United Nations official said today, underscoring that global warming is blurring the traditional distinction between refugees and migrants. “Climate change is, in my opinion, the most important trigger and the most important enhancer of forced displacement” that is interconnected with other “mega-trends,” such as food insecurity, poverty and conflict,” UN High Commissioner for Refugees (UNHCR) António Guterres told reporters...

The outcome of the historic climate change negotiations in Copenhagen hinges on the issues of emissions reductions and financing, Secretary-General Ban Ki-moon said today as he urged world leaders to use the final days of the talks to strike an ambitious new agreement. The Nobel Peace Prize-winning Intergovernmental Panel on Climate Change (IPCC) has found that to stave off the worst effects of climate change, industrialized countries must slash greenhouse...

India will become the world’s most populous country in 2025, surpassing China, where the population will peak one year later because of declining fertility, according to United States Census Bureau projections released Tuesday. The bureau suggests that the projected peak in China, 1.4 billion people, will be lower than previously estimated and that it will occur sooner. With the fertility rate declining to fewer than 1.6 births per woman in this...