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...idea that Citigroup has paid back its [Troubled Asset Relief Program] money is a charade orchestrated by the government to allow an insolvent bank to pay big bonuses," says Christopher Whalen, who follows Citi and other banks at Institutional Risk Analytics. "It's a scandal...
...undersea permafrost really is destabilizing rapidly, it could in principle lead to a catastrophic burp that would release a massive amount of methane in a short time. That's a big if. The problem is that nobody has ever taken such careful measurements in this part of the world before, says Heimann. We have satellites that do a remarkable job of observing methane emissions from land, he says, but they're not very accurate over water. So while he considers Shakhova's data absolutely convincing, he's less convinced that these emissions are necessarily new. "In the context...
Rogue waves generally occur out in the open ocean. They may be the result of a number of factors coming together - strong winds and fast currents coinciding, for instance - or of a focusing effect, in which several smaller waves join together to form one big wave. There may even be a nonlinear effect at work, in which just a small change in wind speed multiplies to form a big wave. And certain areas of the ocean, like the strong waters off Africa's coast, may be more vulnerable to rogue waves than others...
Asked to name the beleaguered Western currency that sits near a 10-month low against the dollar and has lost 7% against the greenback already this year, most people would probably plump for the euro. They'd be wrong. Europe's single currency - walloped by the big economic problems in Greece - is hardly having a stellar year. But for a currency well and truly in the pickle, look no further than the pound...
...namesake sardines come char-grilled and may not be quite as hefty as those, say, in Lisbon, where sardines are the stuff of everyday life. But accompanied by boiled new potatoes and fresh salsa they are an excellent advertisement for a fish largely spurned by locals. "There's a big canning factory here," Pika explains, "but in Bali sardines are the fish you feed to cats!" Well, an afternoon at Sardine will leave you purring. Call (62-361) 738 202 for reservations...