Paul A. Samuelson, the first American Nobel laureate in economics and the foremost academic economist of the 20th century, died Sunday at his home in Belmont, Mass. He was 94. His death was announced by the Massachusetts Institute of Technology, which Samuelson helped build into one of the world’s great centres of graduate education in economics. In receiving the Nobel Prize in 1970, Samuelson was credited with transforming his discipline from...

A mega conference that may determine the future of the planet opens in Copenhagen tomorrow amid widespread fears that years of labyrinthine, almost tortuous, negotiations won't yield what science demands. An estimated 15,000 delegates from 192 countries are expected to converge at the 15th UN Climate Change Conference to finalise a set of strategies to reduce or limit emissions of Earth-warming greenhouse gases [GHG] in the period beyond 2012. But...

Funds release after Kasturirangan Committee submits report Greenpeace hails India’s proposal to cut carbon intensity The Planning Commission has promised a substantial hike in funds allocation to study climate change impact and the funds will be made available after the Kasturirangan Committee submits a report. This was stated by Member (Energy), Planning Commission, B.K. Chaturvedi, while inaugurating “Power Conference 2009,” organised by Assocham here on Friday. Only on Thursday, Minister of State (independent...

Transgenic Cotton being hastily pushed in India, says researcher Technological alternatives available to switch from conventional production NEW DELHI: A panel discussion on ‘GM Foods and Food Security’ held here on Thursday highlighted differing opinions on the controversial subject, although the majority opinion was in favour of GM crops. Participating in the discussion, organised by the Institute of Economic Growth, Ronald Herring of Cornell University pointed out that Bt Cotton in India played an...

There is much about Dubai that is artificial and based on illusion: the man-made islands designed to represent a map of the globe; the indoor ski slope in the midst of desert; the incredible hotel with glass walls looking onto a sea aquarium mimicking the surrounding ocean. Dubai had also become synonymous with excess: building the tallest tower in the world and the biggest and most expensive luxury hotels, residences,...