R&D: WikiLeaks Day 4 Summary, Federal Reserve Aid to Financial Institutions Revealed, and Japan Argues that Kyoto Should Not be Extended

Here is your R&D for December 2nd:

WikiLeaks cables, day 4: summary of today’s key points from the Guardian
Don’t feel like reading all the WikiLeaks cables?  This Guardian article provides a summary of the cables that were released today.

Fed aid in financial crisis went beyond U.S. banks to industry, foreign firms from the Washington Post
Recent disclosures show that the Federal Reserve gave aid to foreign banks and industry giants General Electric, Verizon, and Toyota during the financial crisis.  The data collected shows the scope of the Fed’s efforts to stop the financial crisis in the fall of 2008.

Japan’s Motion to Kill Kyoto Protocol a ‘Slap in the Face,’ Advocates Say from Reuters
Japan’s opposition to the extension of the Kyoto Protocol has been heavily criticzed by developing nations and environmental activists in Cancun, Mexico, where global climate talks are currently taking place.  Japan holds that the current climate apparatus doesn’t work because it only covers 27% of global CO2 emissions.

Iran, Syria, NKorea in hot seat at IAEA meet from the Agence France Presse
Iran, Syria, and North Korea are all undergoing investigations by the International Atomic Energy Agency because of their nuclear activities.  The IAEA fears that North Korea may have built other nuclear facilities and requested that Syria and Iran comply with investigations.

Constitutional provision jeopardizes sweeping food safety bill from the Washington Post
A new food safety measure that would give new powers to the Food and Drug Administration might not be able to make it out of the lame duck session of Congress after it has been discovered that the bill may violate a constitutional provision that tax have to originate in the House.

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