Here is the Saturday, July 19th, 2008 edition of interesting reads from around the world.
Nepal Set to Elect Its First President
Having abolished the monarchy, Nepal is set to elect its first Chief of State this week. The role of President is largely ceremonial but Nepal will choose a higly symbolic one. He is to come from the ethnic minority Madheshi ethnic group of southern Nepal. The story from Reuters.
Thai-Cambodian Border Dispute Grows
Cambodia and Thailand continued to reinforce their troops along a disputed border area near an 11th century temple Saturday, even as they prepared for talks to avert a military confrontation. A report from the Associated Press.
French Nuclear Leaks
Long seen as the world’s most effeciently run nuclear power industry, the French nuclear power industry has had an embarrassing set of setbacks. Areva confirms second leak in two weeks, this time at a nuclear plant in south-eastern France. More from the UK Guardian.
Mbeki To Heed UN and OAU on Zimbabwe
Under pressure to expand his troubled mediation efforts, South African President Mbeki agreed on Friday to work more closely with the African Union and United Nations to bring an end to the Zimbabwe crisis. More from Johannesburg’s Mail & Guardian.
Russia’s Energy Clout
The Asia Times looks at Russia’s growing clout in the world’s energy markets and how Russia is unabashedly using its energy muscle to achieve its political goals.
Credit and Energy Tight in Vietnam
Thahn Nien News reports that companies in Vietnam are airing their grievances at a conference as tightened monetary policy and a power shortage have left them without money or electricity.
Spain’s Real Estate Crisis
Since the 1960s, in effect, Spain has been the centre of housing and real estate boom that has seen its warm coasts transformed with condos galore serving as second homes for cold-weary northern Europeans. And with increasing prosperity, many Spaniards too bought homes and vacation homes to boot. That boom is at an end. Germany’s Der Spiegel reports:
Spain’s economy is in trouble. Rising property values earlier this decade lured many Spaniards into the market. Now that the bubble has burst, the crisis is quickly spreading through the country’s economy.
Texas Approves Mega Wind Farm
Kudos to Texas. Texas sate regulators have approved a $4.93 billion wind-power transmission project, providing a major lift to the development of wind energy in the state.
The planned web of transmission lines will carry electricity from remote western parts of the state to major population centers like Dallas, Houston, Austin and San Antonio. The lines can handle 18,500 megawatts of power, enough for 3.7 million homes on a hot day when air-conditioners are running.
More from the New York Times. Wind power is a potent and clear-energy solution that requires full development.