September 26th, 2011
08:48 PM GMT
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Chicago, normally known for its brutally cold winters, is preparing itself for wetter, hotter days - the results of climate change.

The Chicago Climate Action Plan is this city’s way to ease the impact of climate change. The plan includes basic ideas like introducing bike lanes to the more innovative like rooftop gardens.

Those behind the plan believe the city must take action now so Chicago will continue to be a comfortable place to live.

Filed under: BusinessFuture Cities


September 26th, 2011
04:40 PM GMT
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London (CNN) – So, the word is eurozone leaders may be ready to quadruple the region’s bailout fund and write down 50% of Greece’s debt. This, as a final fix for a crisis that continues to overshadow the single currency a decade after its introduction.

Investors reacted with cautious optimism thanks to the sheer size of the financial commitment and finally an acknowledgement that Greece doesn’t have a hope of paying off all of its existing obligations.

As ministers move to hammer out a concrete plan, investors point to a few questions that still remain unanswered:

1) Will it be enough?

2) How soon will the measures pass?

3) Is it too late?
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September 26th, 2011
02:44 PM GMT
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Athens (CNN) – They say a crisis can bring out the best or worst in people, a society or on a continent. Seeing the Greece situation unfold first hand and talking to politicians, business people and those on the streets, one can witness how divided this country of 11 million people on the tip of southern Europe is becoming.

The divisiveness is multi-layered; first within the ruling, socialist Pasok party itself. On the left, party members yearn for the days of the current prime minister's father in the 1980s, Andreas Papandreou, when state ownership was the call to arms, a large public sector provided employment and an equally large safety net. On the right of that party, those who are aware the country is living on borrowed time and money.

Within Parliament, there is no sense of a common good. Prime Minister George Papandreou and the leader of New Democracy Antonis Samaras –despite being college room-mates in the past - cannot rally their party rank and file members to finally deliver deep, overdue reforms.
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September 26th, 2011
07:20 AM GMT
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(CNN) – China’s wealthy now can get up to 2.5 kilograms of gold via ATMs in the city’s upscale clubs and private banks, state media reported.

The machines made their debut in a Beijing shopping district on Sunday, according to AFP. Limit for maximum withdrawal is set at 1 million yuan, or about $157,000 worth of gold. Cash or credit card accepted.
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September 26th, 2011
04:34 AM GMT
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Phnom Penh, Cambodia (CNN) – The most common image of Cambodia is the land of ancient temples and budget travelers. There's now something else putting Cambodia on the map: foreign investors.

Cambodia's devastating recent history set the country back a generation. From 1975-78, the Communist Khmer Rouge killed intellectuals, destroyed the education system and pushed for an agrarian society that required families to be uprooted and separated.

By the end of the terror, between 1.7 million to 3 million Cambodians are estimated to have died at the hands of the Khmer Rouge. The Vietnamese occupation that followed and civil war between a weakened Khmer Rouge and the Cambodian government also stripped the country of stability for another two decades.
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Filed under: Outlook Cambodia


September 26th, 2011
02:13 AM GMT
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(CNN) – Japan's first Boeing 787 Dreamliner is finally about to be delivered - three years late.

ANA should have taken delivery of the high-tech aircraft in May 2008, before a series of technical problems led to repeated delays.

But this is not the first time the Dreamliner has touched down  in Japan.

Back in July, it landed amid much fanfare at Tokyo's Haneda airport during a week-long test run. It was greeted by reporters, fans and All Nippon Airways staff carrying a “Welcome to Japan” banner.  A ripple of applause even broke out as the pilots stepped off the plane, emblazoned with the ANA’s blue and white logo. FULL POST



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