By Patrick Donahue – Some 157 billion euros ($203 billion) in debt will mature in the 17-member euro area in the first three months of 2012, according to UBS AG. By the end of that period, leaders have pledged to draft a stricter rulebook for controlling government spending. German Chancellor Angela Merkel and French President Nicolas Sarkozy will meet in Berlin Jan. 9 to work out details.
The key to the euro’s survival may lie with Italy, the group’s third-largest economy and the second most-indebted after Greece. The government in Rome must repay 53 billion euros in debt in the first quarter, about a third of the euro area’s total amount for the period, after Prime Minister Mario Monti passed an emergency budget package aimed at curtailing borrowing costs. more> http://is.gd/zu1MYB
Posted in Banking, Economy
Tagged Angela Merkel, Berlin, Capital, Debt, Financial crisis, Greece, Italy, Mario Monti, Nicolas Sarkozy, Rome, UBS
Siemens – The new Monte Rosa Hut of the Swiss Alpine Club is already considered to be the alpine hut of the future. The hut also represents a research project of the Swiss Federal Institute of Technology (ETH) in Zurich. It develops and tests new concepts for increasing energy efficiency in extended use under difficult conditions, using new technologies to optimally design such buildings so that they can be operated on a sustainable basis. This also includes the building automation from Siemens Building Technologies. Its employee, engineer and amateur mountain climber Ivan Loetscher monitors the plants on site and keeps the operating stations in working order. more> http://is.gd/lU5eAf
Posted in Construction, Energy & emissions, Nature, Technology
Tagged Alps, Ecology, ETH Zurich, Mountaineering, Renewable energy, Siemens, Swiss Alpine Club, Swiss Federal Institute of Technology, Zurich
Image by @jbtaylor @Flickr
By Scott Moritz – While AT&T focused on winning regulatory approval for the takeover, rivals negotiated their own airwave deals. That means several spectrum assets that would have still been available for AT&T to purchase earlier this year are now off the market.
On Dec. 1, wholesale wireless-service provider and spectrum-owner Clearwire Corp. secured its ties with partner Sprint Nextel Corp. through a financing and network-sharing agreement. Sprint, the No. 3 carrier, reserved rights to bid Clearwire’s spectrum if other offers were made.
That move was followed by Verizon Wireless’s $3.6 billion deal to acquire airwaves held mostly by Comcast Corp. and Time Warner Cable Inc., something Synesael called “a real coup.” more> http://is.gd/RnTlke
Posted in Broadband, Net
Tagged AT&T, Broadband, Clearwire, Comcast, Sprint, Sprint Nextel, Time Warner Cable, Verizon, Verizon Wireless, Wireless
CONGRESS WATCH Cost Estimate for S. 323, First State National Historical Park Act Cost estimate for the bill as ordered reported by the Senate Committee on Energy and Natural Resources on November 10, 2011 Cost Estimate for S. 1268, Interagency … Continue reading