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Germany has become the first of the G7 powers to declare an official recession. After Germany and Italy officially declared recession status, it was the turn of the entire 15-nation euro zone to make a similar declaration on Friday, November 14, 2008.

Gross domestic product in the Eurozone fell by 0.2 percent for a second consecutive quarter in the third quarter, according to figures from Eurostat, satisfying the technical definition for a recession. The contraction means that two of the world's three major economies, Japan and the Europe's euro zone, are now in recession.

Germany and Italy logged third quarter declines on their gross domestic products by 0.5 percent for July to September and 0.4 percent for the second quarter. France narrowly missed joining the recession club because it had a 0.1 percent GDP growth rate in the third quarter after it had a minus 0.3 percent growth in the previous quarter.

Like the UK, the group of 15 countries has been hit hard as the crisis that started in the US banking sector feeds through into the wider economy. The worst affected has been Germany, Europe's biggest economy, where GDP fell by 0.5pc in the third quarter after a 0.4pc in the second. Italy suffered falls of the same proportion in both quarters.  read more »

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Western nations began to cede some control as countries including Brazil, India and China – which with Russia form the so-called BRIC nations – managed to guarantee a greater presence on the international stage.

All three will now join the board of the Financial Stability Forum – the global economic policy powerhouse that to date has been the bastion of the G8.

Each is likely to play a stronger role in the reform of major institutions such as the International Monetary Fund than might previously have been witnessed under the old economic order.

The final summit communiqué also gave particular reference to emerging and developing economies, urging them to undertake commitments consistent with their capacities and roles in the global economy – a clear admission of their increased importance.  read more »

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SERZEDO, Portugal – Recently the biggest bike facility in Europe started its production. That facility is located in Portugal; is operated by a company called RTE and is to produce one million bikes in 2009.

RTE’s assembly lines have an average output of 3000 bikes per day, depending on the season and the model. When a new collection is being launched or there is an urgent need for big quantities, RTE can produce 3400 units per day. Otherwise the assembly line only needs to work one 8-hour shift per day. Normally, the total daily production is shipped on the same day to a Decathlon centre of distribution.

In addition to Paris' Velib bike rental program, Barcelona, Seville and Stockholm all have bike rentals available.

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To Timbuktu by flying car: it sounds the most unlikely journey on earth; a sci-fi voyage from the pages of Jules Verne. But this is no fantasy. The car really flies. And the journey will become reality early in the new year when two explorers set off from London in a propeller-powered dune buggy heading for the Sahara.

The seed of this improbable adventure was sown four years ago when Gilo Cardozo, a paramotor manufacturer, had a eureka moment. For those not familiar with paramotors, picture a parachutist with a giant industrial fan strapped to his back, which provides forward motion and boosts lift for the parachute - or wing - during takeoff. Cardozo’s brainwave was to attach a car to the fan. “I started making a paramotor on wheels that you sit on and take off and it suddenly occurred to me, ‘Why not just have a car that does everything?’” recalls Cardozo, whose Wiltshire-based company Parajet built the paramotor that the adventurer Bear Grylls used to fly near Everest last year.

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The French do not lack for creativity, and some of it has been expended over the years to develop sports events. The French were the driving force behind the modern revival of the Olympics. They played a vital role in starting soccer’s World Cup and European Cup, which is now better known as the Champions League, and in Alpine skiing’s World Cup. They also dreamed up the Tour de France and the Vendée Globe yacht race.

That last event is surely the most obscure. But in France, the Vendée Globe is a major happening - a quadrennial opportunity for Gallic sea dogs and landlubbers alike to reacquaint themselves with the iceberg-infested dangers of the southern oceans and man’s (and woman’s) capacity for salt-stained, sleep-starved solitude. The concept is brutal if attractively simple: competitors race alone around the South Pole and back in 60-foot monohulls without stopping. There are strict limits on outside assistance once the sailors leave Les Sables d’Olonne on the west coast of France.

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Three red snakelike devices bobbing in the waves three miles (4.8 kilometers) off the coast of Agucadoura, Portugal, represent the first swell of what developers hope will be a rising tide of wave power projects. These big metallic sea snakes bobbing in the ever-restless waves of the North Atlantic are generating electricity for over a thousand homes on shore. The world’s most ambitious, working wave farm for generating electricity, it is part of Portugal’s national effort to become energy self-sufficient as Denmark has done since the 1970s oil crisis. Portugal is not a wealthy nation and has no coal or petroleum. So wind and water and sunshine are their favored sources of energy. Portugal is also one nation encouraging local cities to become zero emission communities.

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The United States was not the only country to name a new leader last week. In Bhutan, an insular nation of about 600,000 people located high in the Himalayas, a new king was crowned. 28-year-old Jigme Khesar Namgyel Wangchuck, an Oxford-educated bachelor, was crowned as Bhutan's fifth king - now the world's youngest reigning monarch. Bhutan also has the distinction of being the world's youngest democracy - having held parliamentary elections last March for the first time ever. The young ruler vows to maintain a stance of protection against the worst aspects of globalization, maintaining the "Gross National Happiness", a measurement of national progress that places a high value on spiritual development. Gross National Happiness is a term invented by, and proudly embraced by Bhutanese since 1972.

Above: Bhutan's fourth King Jigme Singye Wangchuck (right) crowns his son Jigme Khesar Namgyel Wangchuck as the fifth King of Bhutan, in the Throne room of the Tashichhodzong Palace during the coronation ceremony in Thimphu, Bhutan on November 6, 2008. With medieval tradition and Buddhist spirituality, a 28-year-old with an Oxford education assumed the Raven Crown of Bhutan on Thursday, to guide the world's newest democracy as it emerges into the modern world.

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Berlin is the capital city and one of sixteen states of Germany. With a population of 3.4 million within its city limits, Berlin is the country's largest city. It is the second most populous city and the ninth most populous urban area in the European Union. Located in northeastern Germany, it is the center of the Berlin-Brandenburg metropolitan area, comprising 5 million people from over 190 nations.

Potsdamer Platz, the centerpiece of Berlin, is a collection of futuristic high-rise office buildings and a pedestrianised forum with shops, cinemas, cafes and restaurants designed by some of the world's most celebrated architects.

The Bode Museum belongs to the group of museums on Museum Island in Berlin and is a historically preserved building. The museum was designed by architect Ernst von Ihne and completed in 1904. Originally called the Kaiser-Friedrich-Museum after Emperor Frederick III, the museum was renamed in honor of its first curator, Wilhelm von Bode, in 1956.

The current Reichstag dome is an iconic glass dome constructed on top of the rebuilt Reichstag building in Berlin. It was designed by architect Norman Foster and built to symbolize the reunification of Germany. The distinctive appearance of the dome has made it a prominent landmark in Berlin.  read more »

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Thomas Small is an accomplished cook, so it’s important for him to try new and exotic ingredients every now and then. When it came to the construction of his eco-friendly house, that’s exactly what his architects gave him. After all, crushed sunflower husks and shredded blue jeans don’t sound like typical building blocks. But in the world of green design, such ingredients are not rare. So now, Mr. Small and his wife, Joanna Brody, along with their two very young children and a pair of large French Briard dogs, share a prefabricated urban building that has become an example for others looking for creative ways to go green.

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In 1860, Abraham Lincoln was elected as a 3rd party US presidential candidate.
When Abraham Lincoln ran for office, the two major parties were the Whigs and the Democrats. As a Republican, Lincoln was elected as a third party candidate - even after being left off the ballot in the 11 states that seceded from the Union.

In 1992, for the last time a 3rd party candidate, Ross Perot, was heard in presidential debates.

In 2008, 3rd party’s voices of Bob Barr & Ralph Nader were excluded from debates though
- 55% of likely voters, both Democrat and Republican, said that they would want to see Bob Barr featured in the debates alongside Obama and McCain.
- 59% of independent voters stated that they want to see the debate commission allow Nader into the debates.
- A very important fact is that younger voters were more likely to favor the inclusion of the two independent candidates into the debates, demonstrating a sort of changing of the guard as younger voters are not as content with the status quo two candidate system.  read more »

Shocking figures about the US National Debt:

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1.
7 Oct 08 - National Debt passes $10 trillion (Huffington Post)
Bush Administration adds $4 trillion to National Debt (CBS News)

2.
The estimated population of the United States is around 305 million.
So each citizen's share of this debt is close to $35k.

3.
The (National Debt has continued to increase an average of
$3.99 billion per day since Sept. 28, 2007!

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Original Source: brillig.com

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Every year, peculiar apparitions appear on the cliffs between popular Sydney beaches Bondi and Tamarama, yet not even the gulls take fright at the annual Sculpture by the Sea exhibition - Australia's largest annual outdoor free exhibition of sculpture. This year, more than 100 sculptures from seven countries, including Japan, the US, Iceland and New Caledonia, are on display on the cliff tops or around the rocky foreshore, expecting to attract 500,000 sightseers.

For David Handley, who founded the event 12 years ago, its popularity never ceases to surprise. "I would have needed therapy if you'd told me 12 years ago how big it was going to be," he says. "You wouldn't believe how much work goes on behind the scenes, but once Sydney responded the way it did, you just can't stop."

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Diwali/Deepavali is a Sanskrit word which means path or array of lights and signifies the victory of good (light) over evil (darkness). Many legends are associated with Diwali. Today it is celebrated by Hindus, Jains, and Sikhs across the globe as the "Festival of Lights," where people light deyas (small clay pots filled with coconut oil and a cotton like string(wick)is inserted) to signify victory of good over the evil within an individual. Officially, it fell on Oct. 28 this year.

In India, a land of festivals,Diwali is celebrated with fervor and gaiety. The festival is celebrated by young and old, rich and poor, throughout the country to dispel darkness and light up their lives.

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A tree fungus could provide green fuel that can be pumped directly into vehicle tanks, US scientists say. The organism, found in the Patagonian rainforest, naturally produces a mixture of chemicals that is remarkably similar to diesel. "These are the first organisms that have been found that make many of the ingredients of diesel," said Professor Gary Strobel from Montana State University. "This is a major discovery."

The discovery may offer an alternative to fossil fuels, said Strobel, MSU professor of plant sciences and plant pathology, who travels the world looking for exotic plants that may contain beneficial microbes. The find is even bigger, he said, than his 1993 discovery of fungus that contained the anticancer drug taxol. The fungus, called Gliocladium roseum and discovered growing inside the ulmo tree (Eucryphia cordifolia) in northern Patagonia, produces a range of hydrocarbon molecules that are virtually identical to the fuel-grade compounds in existing fossil fuels.

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