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Archive for December, 2016

Indonesia’s rapidly disappearing forests, in four charts | Public Radio … – PRI

Saturday, December 31st, 2016:

[ad_1] Indonesia has lost almost a quarter of its forest area in the past 25 years. That’s significantly more than has been lost in the other countries with the most forest area. Russia, the United States, China and the European Union have in fact all added forest cover in the past 25 years. Deforestation in Indonesia has been driven largely by the conversion of forests to industrial plantations producing oil palms and paper pulp. Here’s a look at how the island of Borneo has transformed since 1973: When forests are logged or burned, the carbon stored in the trees is released […] Read More →

CANADA FX DEBT-C$ strengthens in thin trading, logs overall 2016 gain

Saturday, December 31st, 2016:

[ad_1] * Canadian dollar at C$1.3427 or 74.48 U.S. cents * Bond prices higher across the maturity curve By Solarina Ho TORONTO, Dec 30 The Canadian dollar strengthened against a weaker greenback on Friday in thin pre-holiday market trading, and capped off an overall gain for 2016. The loonie saw an annual gain for the first time since 2012, firming nearly 3 percent for this year. The dollar index, which measures the U.S. dollar against a basket of six major rivals, gained about 3.7 percent for the year. Overseas, a short-lived surge in the euro dominated foreign exchange markets on […] Read More →

India's PM Modi announces incentives in New Year address

Saturday, December 31st, 2016:

[ad_1] NEW DELHI Indian Prime Minister Narendra Modi announced a slew of incentives to the poor, farmers, women and small businesses on Saturday, in a New Year’s speech in which he also defended his decision to abolish high denomination bank notes. The withdrawal of 500 and 1,000 rupee bills on Nov. 8 caused widespread disruption and anger in a country where cash dominates, and the televised address was seen as an opportunity to offer financial relief to people suffering most. The prime minister also urged banks to restore normalcy as soon as possible. (Reporting by Malini Menon and Rupam Jain; […] Read More →

Seattle’s record apartment boom is ready to explode; what it means for rents

Saturday, December 31st, 2016:

[ad_1] Nearly 10,000 new apartments are set to open in Seattle during 2017 — almost twice as many as in any previous year. The apartment boom in Seattle has already reached historic heights — more units opened in each of the past four years than ever before. Now, the real boom is about to begin. Seattle is set to see almost 10,000 new market-rate apartments open in 2017, nearly twice as many as in any other year in the city’s history. With the construction surge set to continue through the rest of the decade, rent increases that have hit Seattle […] Read More →

Argentina's ex-president on corruption charge

Saturday, December 31st, 2016:

[ad_1] Story highlights Assets belonging to former Argentina president have been frozen Judge indicts Fernández de Kirchner and 11 others A judge indicted Fernández de Kirchner along with 11 others on illicit association, for allegedly directing public road works to a company called Austral Constructions during her presidency. The judge formally presented the charges of corruption, illicit association and aggravated fraudulent administration, against the former president along with her former minister of planning Julio De Vido, former secretary of public works José López and businessman Lázaro Báez of Austral Constructions. The illicit association could carry up to 10 years imprisonment, […] Read More →

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