US and China will continue to tap their coal reserves simply because they are in abundance and are much cheaper than oil imports. This means more coal-fired than gas-fired power plants will come on stream in the next two years. The Economist Intelligence Unit (EIU) said in its report "The World in Figures: Industries," that […]
Video of The Obama Housing Fix: 5 Things to Know
A week after Treasury Secretary Timothy Geithner’s plan to resurrect the financial system landed with a thud, President Barack Obama called his own number Wednesday to unveil the new administration’s ambitious effort to rescue the housing market. In a speech in Arizona–a state that had the nation’s third-highest foreclosure rate in January–Obama detailed a multipronged […]
Toyota forecasts first operatingloss in 71 years
Toyota Motor Corp, the world’s second-largest automaker, forecast its first operating loss in 71 years on plummeting demand, prompting Moody’s Investors Service to consider downgrading the company’s top-rated credit. The carmaker will post a 150 billion yen ($1.7 billion) loss in the year through March, it said in a statement on Monday, scrapping a previous […]
Lawari Rail Tunnel to be converted into road tunnel
Lowari Tunnel project- A suggestion for road tunnel. CHIITRAL: Lowari Tunnel having the total length (distance) of 8.5 kilometers has become a reality -A dream come true for Chitralis and a milestone in the history of Chitral indeed. NHA and the Sambu Construction Company vehicles are plying comfortably through the tunnel from end […]
Lawari Tunnel to be used at ROad Tunnel
Lowari Tunnel project- A suggestion for road tunnel. CHIITRAL: Lowari Tunnel having the total length (distance) of 8.5 kilometers has become a reality -A dream come true for Chitralis and a milestone in the history of Chitral indeed. NHA and the Sambu Construction Company vehicles are plying comfortably through the tunnel from end […]
Lost Ambitions of the Olympics
Just as the Olympics games 2008 is finally put to rest, 2012 rears its ugly head and this time it’s Britain’s turn to pick up the tab. Unfortunately for Britain the standard set by China was not only extraordinarily high but also caused a severe blow to the ego to those countries who doubted China. […]
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