One Billion Vehicles Worldwide by the end of 2012

Published on Oct 25, 2012 by VOAvideo ; The production of passenger vehicles around the world reached an all-time high this year: 80 million new cars and light trucks, according to a study by the Worldwatch Institute in Washington. The new production record is heightening concerns among environmentalists, since petroleum-fueled automobiles are a major source of air pollution and climate-changing carbon emissions.

'Nobel Committee making another mistake'

Tariq Ali on Democracy Now

Published on Oct 13, 2012 by PressTVGlobalNews : Although European nations support Israeli atrocities against the Palestinians, the Nobel committee has awarded its Peace Prize to the European Union, an analyst tells Press TV.

The EU has won the 2012 Nobel Peace Prize at a time that social unrest and financial problems are shaking the very pillars of the 27-nation bloc.

Announcing the award on Friday, the Nobel Committee President Thorbjoern Jagland acknowledged the EU's current financial woes and social unrest as many analysts also questioned the timing of the event coinciding with a wave of unrest in the bloc.

Seven Deadly American Sins

The list doesn't include our most grievous offenses, those of military and economic warfare against the rest of the world. Sinful enough is our behavior at home.

1. Sin against children

Perhaps "sanctity of life" ends at birth. According to Census Bureaufigures, one out of every five American children lives in poverty. For blacks and Hispanics, it's one out of every three.

2. Sin against the poor

The U.S. poverty rate grew from 11.3% to 15.0%, a 33% jump, in just 11 years. The impact was felt primarily by minorities and women. The median wealth for single black and Hispanic women is shockingly low, at just over $100 (compared to $41,500 for single white women).

3. Sin against students

Students at all levels have been losing their nation's support. States reduced their education budgets by $12.7 billion in 2012, and in 2013 the majority of states will be spending even less.

4. Sin against the middle class

The middle class is shrinking. In 2011, according to a Pew Research analysis, 51% of the nation's households earned from two-thirds to double the national median income. In the 1970s it was 61%.

5. Sin against the common good

A recent Tax Justice Network report placed total hidden offshore assets at somewhere between $21 trillion and $32 trillion. With about 40% of the world's Ultra High Net Worth Individuals in the U.S., up to $12.8 trillion of untaxed revenue sits overseas. Based on a historical 6% rate of return, this is a tax loss of up to $300 billion per year, money that should be paying for the public needs of education and infrastructure.

6. Sin against nature
A number of studies show that investment in renewable energy will create many more jobs than the fossil fuel industry. And the investment will likely pay off. A National Renewable Energy Laboratory analysis determined that "renewable electricity generation from technologies that are commercially available today...is more than adequate to supply 80% of total U.S. electricity generation in 2050."

7. Sin against common sense
The deception began, at least in the modern age, with Milton Friedman, who said "The free market system distributes the fruits of economic progress among all people...He moves fastest who moves alone."

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