James Hansen, world’s leading climate change expert, says summit talks are so flawed that a deal would be a disaster.  The scientist who convinced the world to take notice of the looming danger of global warming says it would be better for the planet and for future generations if next week’s Copenhagen climate change summit ended in collapse. In an interview with the Guardian, James Hansen, the world’s pre-eminent climate...

Indian policymakers are debating doing away with the mandatory rating of financial instruments in the long-term, among a set of measures aimed at strengthening the regulatory and disclosures regime for credit ratings. The expert group, set up by the High Level Coordination Committee on Financial Markets (HLCCFM), has made specific recommendations on improving and disclosing the way credit rating agencies rate financial instruments, and has sought debate on the very...

This small and readable book is a layperson’s introduction to India’s economic catastrophe. Since many people believe in an ongoing economic miracle, such views are often dismissed as doomsday talk. But it is better to be aware of reality than to live in an illusion. The title is apt—Bhaduri offers us an unsettling vision of what awaits us if we continue along the current path. He alerts us to the...

The National Committee for Protection of Natural Resources (NCPNR) and other organisations have decided to hold a meeting on December 8 in Bellary to chalk out an action plan for intensifying the people’s campaign against illegal mining. Addressing presspersons here on Wednesday, NCPNR founder-president S.R. Hiremath, former convenor of Gram Ganarajya Vedike Jyoti Veeranna and Jan Vikas Andolan’s A.S. Salanki said that in the wake of the ruling of the Central...

Manufacturers are using chemical additives to make greener tyres JOHN DUNLOP had a son who complained that his bicycle was bumpy to ride. So he invented the pneumatic tyre in 1888. Various improvements have been made since then. In particular, Pirelli, an Italian tyremaker, introduced steel-belted radial tyres in 1973. These reduced the fuel consumption of cars fitted with them. Now manufacturers are trying to develop tyres that reduce that consumption...