No Coal, No Hope: Mine Cutbacks Kill Recovery In Appalachia
In the small town of Whitesburg, tucked away in the heart of Kentucky's Appalachia, residents are looking to the future with uncertain eyes. In just a few days' time, a local mine run by Sapphire Coal Co. will close its doors, laying off 163 workers
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France To Ban Pesticide Believed Harmful To Bees
France's agriculture ministry intends to revoke a key permit allowing the use of a pesticide believed by scientists to harm bumblebee and honeybee populations. Manufactured by the Swiss agricultural company Syngenta AG ( NYSE : SYT), the Cruiser ORS pesticide is used to coat rape seeds so crops are better protected as they sprout from the ground. However, recent scientific studies indicated the pesticide may disrupt the nervous systems of bees as they land on and pollinate crops
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Cheap Natural Gas Displaces Coal, Hammers Railroad Revenue, Share Prices
U.S. utilities are switching from coal to less-expensive natural gas to generate electricity, a cost-saving move that results in decreased railway shipments of the fossil fuel and lower revenue for railroads. Coal's share of U.S
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India Cuts Main Interest Rate By 0.5% For Boosting Growth
The Reserve Bank of India ( RBI ) cut the main interest rate for the first time in three years while announcing the annual credit policy on Tuesday, in order to lift controls on lending as it looks for tackling a shortage of cash in the banking sector and a slowing economy. The RBI has cut the repo rate by 50 basis points to 8 percent, which will mean that loans will get cheaper. From October 2011, the repo rate of RBI, which is the signaling rate at which it lends to other banks, has remained at 8.5 percent
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India Cuts Main Interest Rate By 0.5% To Boost Growth
The Reserve Bank of India ( RBI ) cut the main interest rate for the first time in three years while announcing the annual credit policy on Tuesday, in order to lift controls on lending as it looks for tackling a shortage of cash in the banking sector and a slowing economy. The RBI has cut the repo rate by 50 basis points to 8 percent, which will mean that loans will get cheaper. From October 2011, the repo rate of RBI, which is the signaling rate at which it lends to other banks, has remained at 8.5 percent.
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