Exchanges

Reported by: Anza CRWE Newswire Middle East correspondent.

The British Petroleum oil spill also known as Deep Water Horizon, in the Gulf of Mexico is the largest marine oil spill in the history of the petroleum industry. Around 4.9 million barrels leaked from the time the well ruptured a mile below sea level on April 20, 2010. The leak was followed by an explosion which killed 11 workers. It took almost three months to be contained and the well was finally capped on July 15 with only 800,000 barrels captured during a containment operation.

As BP moves towards shutting down the well for good, it was estimated that the well kept on oozing some 62,000 barrels per day for 87 days before being capped. This leakage is much more than that of the original estimates. BP will be fined under the Clean Water Act which allows the US government to seek civil penalties for illegal discharges of oil. According to the law, BP could be fined within the range of $1100 to $4300 per barrel leaked into the gulf.

British Oil Giant British Petroleum has revealed on Friday, Sept 03 that it has already spent $8 Billion to battle the oil spill disaster. The British energy giant has forecasted that the world’s worst oil spill will cost the group a total of about $32.2 billion.

US President Barack Obama placed the blame squarely on the petroleum giant and the US government is conducting a criminal investigation into the incident, BP is hoping to shift some of the blame on its contractors.

The contractors include Transocean which leased the Deep Water Horizon rig and Halliburton which cemented the well.

BP has promised to cover the costs of the cleaning and compensations for residents, hit hard by a fishing ban. It also vowed to take care of the local tourist industry damaged by this deep sea accident.

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The Views and Opinions Expressed by the author are his or her opinions only and do not necessarily reflect those of this Web-Site or its agents, affiliates, officers, directors, staff, or contractors. The author at the time of this article did not own any shares or receive any consideration financial or otherwise from any company or person mentioned or referred to in the article.

THIS IS NOT A RECOMMENDATION TO BUY OR SELL ANY SECURITY! Disclaimer: Never invest in any stock featured on our site or emails unless you can afford to lose your entire investment. CRWENewswire.com publisher and its affiliates and contractors are not registered investment advisers or broker/dealers. Our disclaimer is to be read and fully understood before using our site, reading our newsletter or joining our email list. Release of Liability: Through use of this website viewing or using, you agree to hold CRWENewswire.com report and Crown Equity Holdings, Inc. CRWE, its operators, shareholders, employees and/or contractors harmless and to completely release them from any and all liability due to any and all loss (monetary or otherwise), damages (monetary or otherwise) that you may occur. (read more) Rule 17B requires disclosure of payment for investor relations.

Reported by: Emon CRWE Newswire Middle East correspondent.

As a result of the global financial crisis more than 30 million people worldwide have found themselves without work. This conclusion was made by experts of the International Monetary Fund (IMF) and International Labour Organization (ILO).

A joint report of the different organization including Voice of America stated that the total number of unemployed worldwide reached 210 million.

According to the IMF and the ILO, the crisis is particularly painful for countries with developed economies, and unemployment there remains high. But the crisis of 2007-2009, also affected the developing countries, increasing the number of people living below the poverty line. (which varies with each country)

The document’s authors urge all governments to continue efforts to increase domestic demand by stimulating their economies, and mitigate the damage caused by increasing unemployment benefits and programs on employment.

Unemployment among young people in the world reached record levels.
One of the side effects of unemployment is an increase in the rate and level of crime.

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The Views and Opinions Expressed by the author are his or her opinions only and do not necessarily reflect those of this Web-Site or its agents, affiliates, officers, directors, staff, or contractors. The author at the time of this article did not own any shares or receive any consideration financial or otherwise from any company or person mentioned or referred to in the article.

Reported by: Emon CRWE Newswire Middle East correspondent.

The world’s first solar-powered airplane called the “Solar Impulse” has recently finished a 24-hour test flight. The event took place in Switzerland.

During the day the airplane was at an altitude of 8 kilometers. The plane is charged by solar energy generated by solar panels, such panels had 11,628 solar cells. In the evening, when it was dark, the plane descended to a mile and continued its flight, which lasted 12 hours.

The company that developed the aircraft, this solar airplane, have decided to fly it around the world in 2012.

It weighs just 1600 kg with a wingspan of 63 meters; the plane captured the sun’s rays via 11,628 solar cells, each 150 microns thick, with 10,748 solar cells on the wings and 880 on the horizontal stabilizer. Energy was stored in lithium polymer batteries. The plane is capable of sustained air flight indefinitely

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The Views and Opinions Expressed by the author are his or her opinions only and do not necessarily reflect those of this Web-Site or its agents, affiliates, officers, directors, staff, or contractors. The author at the time of this article did not own any shares or receive any consideration financial or otherwise from any company or person mentioned or referred to in the article.

THIS IS NOT A RECOMMENDATION TO BUY OR SELL ANY SECURITY! Disclaimer: Never invest in any stock featured on our site or emails unless you can afford to lose your entire investment. CRWENewswire.com publisher and its affiliates and contractors are not registered investment advisers or broker/dealers. Our disclaimer is to be read and fully understood before using our site, reading our newsletter or joining our email list. Release of Liability: Through use of this website viewing or using, you agree to hold CRWENewswire.com report and Crown Equity Holdings, Inc. CRWE, its operators, shareholders, employees and/or contractors harmless and to completely release them from any and all liability due to any and all loss (monetary or otherwise), damages (monetary or otherwise) that you may occur. (read more) Rule 17B requires disclosure of payment for investor relations.

Reported by: Emon CRWE Newswire Middle East correspondent

In New York City once again police discovered a suspicious vehicle, a Mercedes. Just what made this Mercedes suspicious was that it had been parked in the same place for several hours.

Thursday over local television station Fox New York, someone called and advised that a suspicious vehicle had been parked in the same location for several hours, the police around 6:00a.m called out the bomb squad.

A few minutes later the police closed off several blocks of the city, located between 50th and 57th Streets, adjacent to Park Avenue.

According to law enforcement, a suspicious car was parked near the intersection of 51th Street and Park Avenue, located in the eastern part of Manhattan.

After evaluating the incident New York City police said nothing suspicious was found in a Mercedes parked for several hours in midtown Manhattan it had however been fully inspected as a precaution.

The scene was cleared, pedestrian and street traffic that had been briefly blocked while the bomb squad investigated the car were later allowed through.

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The Views and Opinions Expressed by the author are his or her opinions only and do not necessarily reflect those of this Web-Site or its agents, affiliates, officers, directors, staff, or contractors. The author at the time of this article did not own any shares or receive any consideration financial or otherwise from any company or person mentioned or referred to in the article.

Reported by: Emon CRWE Newswire Middle East correspondent.

President Barack Obama signed an executive order extending sanction against North Korea. Hoping to bring N. Korea in line with the rest of the world, but these sanctions are expected by major think tanks to have kittle results.

U.S Finance Ministry in this regard has distributed an additional list of organizations and individuals of DPRK, whose assets will be frozen in connection with their involvement in the missile and nuclear programs.

On this lists, U.S will freeze four North Korean individuals, three companies and five government agencies. Will Brown and Root, Bechtel, and Halliburton be among those listed?

The intention to impose new sanctions against North Korea was announced last month in South Korea, by Secretary of State Hillary Clinton. She said the restrictions are aimed at “selling and buying of arms and related materials, luxury goods, as well as other illegal activities.” And also include the freezing of bank accounts of individuals.
The North Korean regime has been under pressure because of tightened sanctions, shriveling trade amid increased international isolation, food shortages and a poor currency reform last year.

But the issue remains will these sanctions really make a difference or will North Korea become more antagonistic towards the west and our allies. in short, what will work to bring N. Korea into the fold, the carrot, or the stick?

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The Views and Opinions Expressed by the author are his or her opinions only and do not necessarily reflect those of this Web-Site or its agents, affiliates, officers, directors, staff, or contractors. The author at the time of this article did not own any shares or receive any consideration financial or otherwise from any company or person mentioned or referred to in the article.

THIS IS NOT A RECOMMENDATION TO BUY OR SELL ANY SECURITY! Disclaimer: Never invest in any stock featured on our site or emails unless you can afford to lose your entire investment. CRWENewswire.com publisher and its affiliates and contractors are not registered investment advisers or broker/dealers. Our disclaimer is to be read and fully understood before using our site, reading our newsletter or joining our email list. Release of Liability: Through use of this website viewing or using, you agree to hold CRWENewswire.com report and Crown Equity Holdings, Inc. CRWE, its operators, shareholders, employees and/or contractors harmless and to completely release them from any and all liability due to any and all loss (monetary or otherwise), damages (monetary or otherwise) that you may occur. (read more) Rule 17B requires disclosure of payment for investor relations.