A groundwater bypassing operation at the Fukushima No. 1 nuclear plant has yet to produce significant results in preventing groundwater from flowing into the basements of reactor buildings, Tokyo Electric ...
The world is headed “down a dangerous path” with disruption of the food system possible within a decade as climate change undermines the ability of nations to feed themselves, according to a senior World Bank official.
Greenland and Antarctica are home to the two largest ice sheets in the world, and a new report released Wednesday says that they are contributing to sea level rise twice as much as they were just five years ago.
The decline of the US dollar hegemony is ever so clear today and this article aims to provide the reader with what exactly happened during past periods of reserve currency transitions. Historically, when a reserve currency transitioned over to a new one, it marked a pivotal change for the world. The economic paradigm shifted and the rules of the game changed. This time will be no different when the US dollar loses its status as the reserve currency! The transition process of the world reserve currency brings much uncertainty Throughout history, a transition of the reserve currencies has always brought about turmoil and uncertainty in financial markets. One country's decline, and the subsequent rise of another, marks a radical transformation for the world, especially as market demand shifts. The country that dominates global commerce during any given period is usually marked with the status of having the reserve currency. Spain and Portugal dominated the [...]