Law & Regulation

A landmark legal case now before the US Supreme Court holds huge implications for lakes across the continent. Nearly four decades the Clean Water Act was passed to protect waterways from industrial pollution, a proposal by Coeur d'Alene Mines Corp. to dispose of tons of effluent in Alaska's Lower Slate Lake has sparked an international debate.
Media corporations give millions, receive billions. The cost for two weeks of ad-driven debate on Kerry's military record cost almost $1 million. Political advertising will bring over $1.5 billion to media corporations this election season. In turn they will invest millions in campaign contributions and lobbying. Meanwhile, substantive political coverage continues to decline.
Executives at one of Ireland's biggest banks laughed and joked about how they were going to fool the Central Bank into bailing them out, according to a tape recording obtained by the Irish Independent. The failure of Anglo Irish Bank is eventually expected to cost the taxpayer €30 billion.
Rio de la Plata is one of the few rivers of the world whose pollution can be seen from space. Making matters worse is the privatized water company Aguas Argentinas, which dumps sewage into the river a few kilometers from where it treats water for drinking.
European Union governments delivered a blow Monday to the biotechnology industry, allowing Austria and Hungary to maintain national bans on growing genetically modified crops from Monsanto. The market for genetically engineered crops is worth several billion dollars worldwide.
Now come the second thoughts on globalization, as never before have world markets been so integrated. The current financial crisis could mark the start of an effort to overhaul the global financial system conceived at the 1944 summit in Bretton Woods, N.H., which set the rules of international commerce for industrial countries.
Executives from three major Spanish construction companies are in the limelight for allegedly contributing to a slush fund for the Partido Popular, the Spanish ruling party: Fomento de Construcciones y Contratas from Barcelona, Obrascón Huarte Lain and Sacyr Vallehermoso from Madrid. The scandal has rocked the conservative government of Mariano Rajoy.
Villagers in Tororo district, Uganda, not far from the Kenyan border, say that Guangzhou Dongsong Energy, a company from China, has conspired with the government to cheat them out of their land titles in order to build a $600 million phosphate mine and industrial complex.