El Niño strengthens but a warm Indian Ocean - The 2015 El Niño is now the strongest El Niño since 1997–98. ... Most international climate models surveyed by the Bureau of Meteorology indicate the tropical Pacific will continue to warm, with the largest anomalies occurring later in the year. Typically, El Niño peaks during the late austral spring or early summer, and weakens during late summer to autumn. The 2015 event has, so far, been following a normal El Niño life cycle.
CPS mulls corporate criminal charge against News UK as Rebekah Brooks set to head up News Corp in London - News UK could face corporate criminal charges after the Metropolitan Police has handed a "full file" of evidence to prosecutors relating to hacking at News of the World. ... The corporate prosecution of News UK relates to evidence gathered by detectives from Operation Weeting, which stretches back to 2011 and investigated illegal voicemail interceptions at the tabloid. ... Confirming they had passed on the file, the Met Police said: "On July 23, following the investigation into phone hacking at the News of the World, detectives from Operation Weeting submitted a file to the CPS for their consideration. The decision whether to prosecute lies with the director of public prosecutions Alison Saunders.
Obama Nears Needed Votes on Iran Nuclear Deal
How U.N. climate change talks are driven by cliques
Election 2016: Dumbing down American politics, Lawrence Lessig, and the Presidency - Donald Trump and the Amen chorus of Republican presidential aspirants may have appeared to monopolize the capacity to make fantastical claims about what’s wrong with America and how to fix it. But a rival has appeared on the scene, outlining a very different fantasy plan to run for president on the Democratic side of the aisle. Harvard law professor Lawrence ... Lessig’s transformation into a political activist was spurred by his personal revelation that money in politics is the root of all our governing problems. Eliminate the dependence of elected officials on private donors and the formidable obstacles to constructive policymaking will crumble. Simple but searing truth, or a caricature of a complex governing system shaped by institutions, ideas/ideologies, and interests?
The Believer - How an Introvert with a Passion for Religion and Soccer became Abu Bakr al-Baghdadi, Leader of the Islamic State
Leveraged bubbles - The risk that asset price bubbles pose for financial stability is still not clear. Drawing on 140 years of data, this column argues that leverage is the critical determinant of crisis damage. When fuelled by credit booms, asset price bubbles are associated with high financial crisis risk; upon collapse, they coincide with weaker growth and slower recoveries. Highly leveraged housing bubbles are the worst case of all.