The supply chains that feed the world and transport all our goods are global. But they are fragile; vulnerable to climate change, extreme weather, natural disaster, wars and political unrest. As the global population heads towards 8 billion, one of the biggest challenges we face is feeding ourselves. Thomson Reuters recently predicted that advances in genetically modified foods and advances in agricultural technology will make food shortages and price fluctuations a thing of the past by 2025.
From Westlaw Journal Computer & Internet: The mother and stepfather of a 24-year-old woman killed in a Colorado movie theater mass shooting not only can’t sue the websites where gunman James Holmes bought his ammunition and equipment, but now they may owe two of the businesses more than $220,000 in legal costs.
21 Apr 2015Melissa Sachs
Senior U.S. District Judge Richard P. Matsch of the District of Colorado dismissed Sandy and Lonnie Phillips’ suit against four websites because Colorado and federal laws shield firearms and ammunition sellers from liability based on a customer’s wrongful acts. Phillips et al. v. Lucky Gunner LLC et al., No. 14–cv–02822, 2015 WL 1499382 (D. Colo. Mar. 27, 2015).
Breaking down barriers to completing the single market in Europe
A Reuters Newsmaker with Lord Jonathan Hill, European Commissioner for Financial Stability, Financial Services, and Capital Markets Union (CMU) indicated that a wave of regulation from Brussels since the financial crisis may ease on his watch but there would be no repeals of legislation.
The event on Friday (April 17), hosted by Reuters Editor at Large Axel Threlfall and introduced by President of Financial & Risk David Craig, was Lord Hill’s first speech to London’s financial community since his appointment to the European Commission last November.
David Craig said: “We are now a quarter-century on from the historic Maastricht Treaty, which promised free movement of capital within the EU. Perhaps Lord Hill is the man who can finally deliver.”
The aim of CMU reforms, and some $338 (Euro 315) billion in investment, is to kick start growth in Europe. Lord Hill described a lack of jobs and growth as the biggest threat to financial stability in the region. (more…)
The world’s population is graying as it grows – the number of people over 65 will more than double by 2050, contributing significantly to the rise in dementia cases. The estimated annual worldwide costs of dementia is at least $604 billion and projected to rise to $1 trillion by 2030. In some high-income countries, one-third to one-half of people with dementia live in resource -and cost- intensive residential or nursing homes. 62% of people with dementia live in developing countries, which is expected to rise to 71% by 2050.
As the discussion of the globalization of the Chinese economy and the rise of the Renminbi (RMB) continues to heat up, Yang shares his views on how other major currencies are likely to react in the near future.
Critics of the the Financial Stability Oversight Council’s designation of nonbanks as systemically important got a chance last month to point to what they viewed as shortcomings in its approach, while also offering clues for possible improvements, during a U.S. Senate hearing on the issue.
Ever since its creation under the 2010 Dodd-Frank Act, the process by which the council designates systemically important financial institutions, or SIFIs, has been criticized as being heavily politicized, and marred with opacity.
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TrustLaw is a story of continuous growth. Tell us about your expansion in 2014.
2014 was a tremendous year for us: we more than doubled the number of connections made in 2013, recruited new firms, and facilitated the first connections in places as diverse as Myanmar, Taiwan, South Korea, and New Zealand. We also grew in places where we were already present, expanding our reach and building deeper relationships, from India to Africa to Europe.
The TrustLaw Index of Pro Bono has quickly become the benchmark for monitoring trends across the pro bono industry. What were the overall findings?
This was really the first poll of its kind, and quite an ambitious project. The goal was to provide a global assessment of trends and benchmarks across the pro bono legal industry on a country-by-country basis. We were thrilled with the response: 103 law firms provided data on their work across 69 different countries. The data highlighted a lot of interesting facts and trends. We were happy to see that the average value of pro bono per lawyer was actually $11,000, and that they had done over 1.5 million hours of pro bono in 2013. (more…)
Fast-track mine approvals, tighter production oversight and more flexibility in coal sales have helped power station stocks recover from a six-year low India hit in October. Fewer power cuts are likely in the country this summer after a surge in output at Coal India helped generators amass record stocks, a turnaround for Prime Minister Narendra Modi. Today’s graphic shows the coal stock positions at thermal power stations in each province.
20 Apr 2015Thomson Reuters
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