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Merkel losing green battle to cheap coal

To fulfill Angela Merkel’s nuclear exit plans, Germany needs to avoid coal and build a stack of gas power plants to secure clean energy supplies.

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The Developer Behind a $90 Million Penthouse

Gary Barnett builds luxury buildings for the global elite

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Middle class students seeking help to pay for college are getting some tough love from their college’s financial aid offices. In years when the economy was better, there may have been more money available for grants for some of them.
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Linda Young – Fourth Estate Cooperative Writer
Athens, Greece (4E) – Fitch Ratings downgraded the credit rating of Greece’s government again on Thursday. Greece’s credit rating dropped from a B- to a CCC, which puts it deeper into junk bond territory. That means many investors cannot buy Greek debt even if they thought it was a good investment. The drop in ratings also increases the risk that Greece may not be able to hold on to its membership in the Economic and Monetary Union. In addition, Fitch downgraded Greece’s short-term foreign currency rating to C from B. Greece is now operating under a caretaker government with elections scheduled for next month. Fitch cited the increased risk [...] Continue Reading…

Eskom’s funding to 2017 finalised

Eskom’s funding plan to 2017 has been finalised and the electricity generation group will spend R201.6bn over the period, says Public Enterprises Minister Malusi Gigaba.

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Kabul, Afghanistan (IRIN) – Bonded labor in Afghanistan’s brick kilns is one of the most common forms of hazardous labor in the country. More than half of the brick kiln workers surveyed in a recent report by the International Labor Organization (ILO) were children, with most under 14. Few are getting any education to allow them to develop skills needed to break out of work in the kilns. Most children began working at the age of seven or eight, and almost 80 percent are under 10. According to the ILO, the kilns rely on debt bondage: Workers and their families are tied to a kiln by the need to pay off loans taken out for basic necessities, medical [...] Continue Reading…

SA aims to lift savings, cut budget strain

SA is looking to strengthen its social security system by encouraging a higher savings rate among its highly indebted households, says the Treasury.

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(MENAFN) Germany’s Finance Minister, Wolfgang Schaeuble, announced that Athens must execute arranged reforms if it wants to receive more help from his country, reported Gulf News.Schaeuble said …

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Gordhan: SA will manage impact

SA is looking at options to retire a multi-billion rand debt incurred by the state road agency for highway upgrades, says Finance Minister Pravin Gordhan.

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Washington, DC, United States (KaiserHealth) – Tired of feeling “like the walking dead” but worried about the cost of a doctor’s visit, Amber Young sat on her bed near tears one recent Friday night in Woodbury, Minn. That’s when she logged onto an Internet site, run by NowClinic online care, a subsidiary of UnitedHealth Group (which also owns UnitedHealthcare), and “met” with a doctor in Texas. After talking with the physician via instant messaging and then by telephone, Young was diagnosed with an upper respiratory illness and prescribed an antibiotic that her husband picked up at a local pharmacy. The doctor’s “visit” cost $45. “I was as suspicious as anyone about getting treated over the computer,” [...] Continue Reading…