theo theos

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Greek addicts turn to deadly shisha drug as economic crisis deepens

Nobody knows which came first: the economic crisis tearing Greece apart or shisha, the drug now known as the "cocaine of the poor". What everyone …

Associated Press News

Funds are piling into Greece—and believe it or not, that’s not a bad move

It’s no secret that Greece’s economy is a mess. In the country’s sixth year of recession, unemployment is nearing 27% and 64.2% of young people are out of work. But there are signs of improvement, and investors are taking note.<p>On May 14 Greek bonds, a proxy for investor confidence in the country’s …

Economy

Argentines are now allowed to know the real rate of inflation, thanks to their courts

Argentina’s courts, in a welcome moment of sanity, have overruled attempts (link in Spanish) by Argentina’s government to prevent anyone who isn’t the government from publishing a figure for inflation that isn’t what the government says it is.<p>As Argentine official economic figures have …

Luxury Lifestyle

At 1.2% inflation, euro hawks should be eating their words

Inflation in the euro zone fell from 1.7% in March to 1.2% in April (pdf), responding to a slowing regional economy. That’s the slowest inflation rate for the region since April 2010. Even excluding energy prices, which have fallen significantly this year, inflation in the euro area sank from 1.8% …

Economics

Oldest Water on Earth Found in Canadian Mine: Study

<b>Oldest water on earth:</b> Researchers have found what they believe is the oldest water on Earth beneath the Canadian Shield.<p>LiveScience.com reported …

University of Toronto

Water Trapped For 1.5 Billion Years Could Hold Ancient Life

Scientists have discovered water that has been trapped in rock for more than a billion years. The water might contain microbes that evolved independently from the surface world, and it's a finding that gives new hope to the search for life on other planets.<p>The water samples came from holes drilled …