Saturday, June 28, 2014

QUICK OVERVIEW


  • Last month was the hottest May in terms of global surface temperature in a historical record that extends back 130 years, according to NASA 

  • Scientists want two commonly used pesticides banned around the world for helping cause the mass deaths of bees and harming the planet's ecosystem. A panel of independent scientists, operating as the Task Force on Systemic Pesticides, found the pesticides neonicotinoids and fipronil are harming the environment. 

  • U.S. consumer confidence continued to improve in June, with the consumer confidence index rising to 85.2 from 82.2 in May - the highest level since January 2008. 
  • U.S. economy contracts 2.9% in Q1 
  • U.S. house prices kept flat in April amid a cooling housing market, the Federal Housing Finance Agency reported. Compared with the same period of 2013, U.S. house prices have increased 5.9%. 

  • Output in China's steel industry has continued to rise and prices continue to fall, as the government struggles to reduce capacity in the sector. 

  • Spain's annual inflation stands at 0.1 % in June 

  • Japan's consumer prices in May soared 3.4% YoY, the biggest increase in more than three decades. 
  • Japan's unemployment rate in May improves to 3.5% 

  • Researchers believe they have found a way of overcoming one of the most serious limitations of the next generation of solar panels, which are based on toxic cadmium chloride, by simply adding magnesium chloride, an abundant salt found in seawater. 
  • People unwittingly become more racially aware and less generous towards those of a different skin tone when they feel financially squeezed, according to a study showing how racism thrives in an economic recession. 

  • Facebook has been experimenting on us. A new paper in the Proceedings of the National Academy of Sciences reveals that Facebook intentionally manipulated the news feeds of almost 700,000 users in order to study “emotional contagion through social networks.” 
  •  (“If you’re not paying for something, you’re not the customer; you’re the product being sold.”)

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