We tend to think that climate change poses a future risk, but some analysts are asserting that climate change is already causing economic losses and leading to deaths. Such an assertion is difficult to prove, but the study raises some important questions about how we go about assessing costs and benefits of different courses of action. The study is worthy of further examination.
The protests have spread from Spain to Greece, as people argue against the further implementation of austerity. It appears that the “troika” (the European Union, the European Central Bank, and the International monetary Fund (IMF)) will delay, however, a decision about further austerity measures until after the US election. The suspicion is that the US has requested the delay in order to avoid any sort of economic crisis that might disrupt the chances of President Obama’s re-election. Such is the power of the largest contributor to the IMF.
The Asahi Shimbun (a Japanese newspaper) ran a great article on the Japanese position on the Diaoyu/Senkaku island dispute.vvNotice how history plays such an important role in the interpretation of what is going on. Here’s the Chinese side which is not nearly as fully developed. The good news is that both sides have decided to talk more intensively about their disagreements.
World Politics News 
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