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Latest Articles: International News
Dow Poised for Best Month Since October on Europe Pact
Post Date: 2012-06-29 12:38:44 by Brian S
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U.S. stocks joined a global advance, sending the Dow Jones Industrial Average toward the biggest monthly rally since October, after European leaders reached an agreement that alleviated concern banks will fail. All 10 groups in the Standard & Poor’s 500 Index rose as industrial, technology and energy shares had the biggest gains. Citigroup Inc. (C) and Bank of America Corp. (BAC) rallied at least 2.8 percent as European lenders surged. Alcoa Inc. (AA) and Exxon Mobil Corp. added more than 1.7 percent as commodities jumped. KB Home (KBH) climbed 6.7 percent as the homebuilder reported a narrower loss. Nike Inc. (NKE) tumbled 8 after profit unexpectedly declined. The S&P 500 ...
Clinton: US Pleased So Far By New Egypt President
Post Date: 2012-06-27 12:43:07 by Brian S
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HELSINKI (AP) -- U.S. Secretary of State Hillary Rodham Clinton says the Obama administration is pleased so far with commitments made by Egypt's Islamist president-elect, Mohammed Morsi, but will reserve judgment on his government until it is up and running. Speaking to reporters in Finland on Wednesday, Clinton said the U.S. was pleased that the new leader has pledged to respect Egypt's international obligations, which Washington believes covers its 1979 peace treaty with Israel. She also said the Egyptian military, which is supposed to turn over power to the president on Saturday, deserved praise for "facilitating" a free, fair and credible election. However, she said ...
The Master Narrative Nobody Dares Admit: Centralization Has Failed
Post Date: 2012-06-25 14:40:25 by Capitalist Eric
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All centralized systems, open and shadow alike, act as heavy taxes on the society and economy. This is why they cannot compete with the forces of networked decentralization. The primary "news" narrative may be the failure of the euro, but the master narrative is much, much bigger: centralization has failed. The failure of Europe's "ultimate centralization project" is but a symptom of a global failure of centralization. Though many look at China's command-economy as proof that the model of Elite-controlled centralization is a roaring success, let's check in on China's stability and distribution of prosperity in 2021 before declaring centralization an ...
Report: Syrian general, dozens of other soldiers defect to Turkey
Post Date: 2012-06-25 12:54:08 by calcon
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ANKARA, Turkey -- Dozens of members of Syria's military defected to Turkey overnight with their families, a Turkish official said Monday, at a time of heightened tensions between the two countries over Syria's downing of a Turkish military plane. The state-run Anadolu news agency said 33 soldiers crossed into Turkey overnight and the group — 224 people in all — included a general and two colonels. A government official, however, said the group included three colonels and there was no general among them. The official, who spoke on condition of anonymity in line with government rules, did not know the overall number of defectors and the two accounts could not immediately ...
Cleric Introduces Egypt's New President: Our Capital 'Shall Be Jerusalem, Allah Willing'
Post Date: 2012-06-24 13:02:33 by A K A Stone
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Muslim Brotherhood's Morsi Declared Egypt's New President
Post Date: 2012-06-24 12:02:09 by Brian S
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Cairo (CNN) -- Mohamed Morsi was declared the new president of Egypt on Sunday, following the first democratic election in Egypt's history. The announcement triggered massive cheers and celebratory gunfire in Cairo's Tahrir Square. Authorities had been on "high alert" for potential violence if his rival Ahmed Shafik won. Instead, the huge crowd erupted in celebration -- even in scorching temperatures near 100 Fahrenheit (38 Celsius). Morsi, of the Muslim Brotherhood, had more than 13 million votes, while Shafik -- the last prime minister to serve under ousted president Hosni Mubarak -- had more than 12 million, election officials announced. Muslim Brotherhood candidate ...
Violent Protests In Tel Aviv; Banks Vandalized
Post Date: 2012-06-24 01:28:41 by Brian S
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Violent night in Tel Aviv: Social activists in Tel Aviv clashed with police across the city Saturday evening, at one point shattering windows and charging into banks in what is shaping up as unprecedented socioeconomic riots. Some 85 people were arrested throughout the night. The night started with a rally against police violence, as some 2,000 protestors gathered in Tel Aviv's Habima Square a day after 12 activists were detained by police during a social protest. Related stories:'Authorities trying to silence the public' Thousands take to streets in demand of social justice The demonstrators claimed police used uncalled for violence during Friday's ...
Syrian military says it downed Turkish fighter jet
Post Date: 2012-06-22 21:08:10 by A K A Stone
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The Syrian military statement appeared on the state news agency
The Syrian military has said it shot down a Turkish plane "flying in airspace over Syrian waters", according to state-run news agency Sana.
"[The jet] was dealt with in accordance with the laws that govern such situations," a military spokesman said.
Turkey had earlier said it believed that one of its F-4 fighter jets had been shot down by Syrian forces.
A search for the two crew members is under way, involving Turkish and Syrian coast guard ships.
The F-4 Phantom disappeared over the Mediterranean, south-west of Turkey's Hatay province, near the Syrian coast.
The Turkish military said it lost radio ...
Dozens of sharks swarm on whale carcass in surf off Australia
Post Date: 2012-06-22 20:28:14 by A K A Stone
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Incredible footage showing about 100 sharks feeding on whale carcass along a beach in Northwest Australia was posted this week by Vimeo user Rachel Campbell. First thought: Not a safe place or time to venture into the water. Second thought: The young woman trying to be in the video, perhaps for the sake of perspective, seems on the verge of taking a consequential risk. This raw display of nature was filmed near Warroora Station, according to the video tag. Campbell writes: "Not the most comforting when you surf the reefs that they own. Some were tiger sharks, others were reef sharks. Some as long as 4m reminds us why we are afraid. "Horrific yet intriguing." MORE ON ...
Chancellor Angela Merkel is compared with Hitler
Post Date: 2012-06-22 20:20:13 by A K A Stone
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YEREVAN, JUNE 22, ARMENPRESS: Which world leader poses the biggest threat to global order and prosperity? The Iranian president, Mahmoud Ahmadinejad? Wrong. Israel's prime minister, Binyamin Netanyahu? North Korea’s Kim Jong-un? Wrong again.
The answer is a mild-mannered opera fan and former chemist who has been in office for seven years. Yes, step forward, Chancellor Angela Merkel of Germany, whose solution to Europe’s financial crisis- or lack thereof- has brought the continent, and perhaps the world, to the edge of a second Great Depression. ''World Bank warns that euro collapse could spark global crisis, read the headline on the front of the Observer on 17 June, reports ...
The Ministry of [Un]Truth
Post Date: 2012-06-22 18:11:15 by Capitalist Eric
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Speaking at a Brussels conference back in April 2011, Eurogroup President Jean Claude Juncker notably stated during a panel discussion that "when it becomes serious, you have to lie." He was referring to situations where the act of "pre-indicating" decisions on eurozone policy could fuel speculation that could harm the markets and undermine their policies' effectiveness.1 Everyone understands that the authorities sometimes lie in order to promote calm in the markets, but it was unexpected to hear such a high-level official actually admit to doing so. They're not supposed to admit that they lie. It is also somewhat disconcerting given the fact that virtually every ...
Debt crisis: German court delays eurozone's €500bn bail-out fund
Post Date: 2012-06-22 17:18:55 by Capitalist Eric
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Germany's constitutional court has delayed the creation of a new €500bn eurozone bail-out fund as Angela Merkel faces a series of legal challenges to measures seen as critical for saving the EU's single currency. But in a humiliating setback on Thursday, judges in the Bundesverfassungsgericht, the country's constitutional court ruled that they would need "at least three weeks" to consider the "complex" ESM's legality, Photo: ReutersThe legal block is embarrassing for the German Chancellor who expended large amounts of political capital in concessions to get the Social Democrat and Greene opposition to support the European Stability Mechanism (ESM) ...
Egypt's Army Says It's Ready to Use Force
Post Date: 2012-06-22 11:11:36 by Brian S
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Egypt’s ruling generals warned they are willing to use force to prevent chaos as protesters led by the Muslim Brotherhood gathered in Cairo to condemn the expansion of army powers. The military council said on state television that orders issued “in the name of the people” must be respected, defending a decree last week that widened its authority at the expense of the presidency, and a court ruling dissolving parliament. The council said it’s “not justified” to claim victory in the presidential election before official results. The Brotherhood’s Mohamed Mursi held a press conference to declare himself the winner over former premier Ahmed Shafik hours ...
Ghost of Nazi Past Haunts Austerity-Gripped Europe
Post Date: 2012-06-22 11:09:38 by Brian S
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The specter of the 1930s financial crisis that culminated in the rise of Adolf Hitler’s Nazi party and the Second World War is stalking Europe. In May 1931, Creditanstalt, founded in Vienna by the Rothschild banking dynasty and the biggest lender in what remained of the Habsburg Empire, suffered a run. Its collapse after a merger with an insolvent rival sparked a crisis that left Germany and central Europe strewn with failed banks, caused defaults in Europe and Latin America, knocked the pound off the gold standard, and forced the New York Federal Reserve by October to raise its discount rate by 2 percentage points. “The biggest economic catastrophe of the last century has been, ...
The Julian Assange Show: Rafael Correa (E6)
Post Date: 2012-06-22 01:42:54 by A K A Stone
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When Wikileaks founder Julian Assange met Ecuadorean president Rafael Correa
Post Date: 2012-06-22 01:39:42 by A K A Stone
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Julian Assange, who has taken refuge in the Ecuadorean embassy in London, recently interviewed the country's president Rafael Correa for his television show on Russia Today, it has emerged. Julian Assange, the founder of WikiLeaks website, is currently staying at the Ecuadorean embassy in London in a bid to avoid extradition to Sweden on sex crime allegations. Mr Assange appeared to find a kindred spirit in the President of Ecuador when he interviewed him for his talk show on Russia Today, an English language channel bankrolled by the Russian government. During the 75-minute television interview recorded in April, President Correa praised Wikileaks, the anti-secrecy website set up by ...
Peter Beinart, Author Of Crisis Of Zionism, Rattles Jewish Leaders On Question Of Israel And Democracy
Post Date: 2012-06-21 19:08:17 by Brian S
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JERUSALEM -- Peter Beinart considers himself a supporter of Israel. He attends synagogue and sends his children to a private Jewish school in New York City. But when it comes to Israel, the pundit and former journalist has emerged as an unconventional bad boy of sorts, rattling the American Jewish community with charges that its leadership's blind support for Israel is helping the Jewish state self-destruct through misguided policies. "The American Jewish leadership ... is most comfortable with a narrative that says Israel is embattled from without, from external threats, and that we need to focus on those threats and that brings us together," Beinart said Thursday in an ...
Egypt Delays Results of Vote Adding to Air of Uncertainty
Post Date: 2012-06-21 11:32:51 by Brian S
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Egypt delayed the release of official results in a polarizing presidential election claimed by both candidates, injecting new uncertainty into an already troubled political transition process. The decision to postpone the release, slated for today, was because more time was needed to review voting fraud allegations submitted by Muslim Brotherhood candidate Mohamed Mursi and Ahmed Shafik, Hosni Mubarak’s last premier, the election commission said on its website. Commission Secretary-General Hatem Bagato was cited as saying by the state-run Al-Ahram Gate website that results may be announced on June 23 or 24. The delay complicates the race between the two most divisive candidates who ...
Russian Unemployment Rate Plunges to Lowest in at Least 13 Years
Post Date: 2012-06-20 12:16:19 by Brian S
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Russia’s unemployment rate fell to the lowest level in at least 13 years last month and retail- sales growth unexpectedly accelerated, supporting the central bank’s decision to leave borrowing costs unchanged. The jobless rate dropped 0.4 percentage point to 5.4 percent, a level last seen four years ago and the lowest since at least 1999, the Moscow-based Federal Statistics Service said today in an e-mailed report. Retail sales grew 6.8 percent from 6.4 percent in April. Economists forecast unemployment at 5.7 percent and retail-sales expansion at 6.1 percent, according to two Bloomberg surveys. The central bank left its refinancing rate at 8 percent for a sixth month June 15, ...
Ecuador Says Wikileaks Founder Julian Assange Is Seeking Asylum At Its Embassy In London
Post Date: 2012-06-19 16:26:41 by Brian S
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QUITO, Ecuador — Ecuador’s foreign minister said Tuesday that WikiLeaks chief Julian Assange has taken refuge in the South American nation’s embassy in London and is seeking political asylum. Foreign Minister Ricardo Patino said Ecuador is weighing the request. The move comes less than a week after Britain’s Supreme Court rejected Assange’s bid to reopen his attempts to block extradition to Sweden, where he is wanted for questioning after two women accused him of sexual misconduct during a visit to the country in mid-2010. He denies the allegations. His legal struggle to stay in Britain has dragged on for the better part of two years, clouding his website’s ...
Pro-Bailout Party Declares Victory In Greek Election
Post Date: 2012-06-17 16:56:53 by Brian S
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Greece's centre-right New Democracy party has declared victory after Sunday's parliamentary elections, easing fears of a chaotic exit from the eurozone. Early results had New Democracy winning nearly 30 per cent of the vote, which would give it 128 seats in the 300-seat parliament because of a 50-seat boost given to the victor under the Greek electoral system. Coalition talks are now expected to start later today, with the most likely ally being the socialist Pasok party, which seems to have won 33 seats. The anti-austerity radical leftist Syriza party came second with about 26 per cent of the vote after galvanising widespread anger against the cuts imposed by an unpopular ...
GREECE: Exit Polls: Top Parties Run Neck-and-Neck...
Post Date: 2012-06-17 13:25:44 by Brian S
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Greece's election, which has captured the eyes of the world, is too close to call with the conservative New Democracy party barely ahead of radical leftist SYRIZA in a vote that could decide whether the country stays in the euro zone. A joint exit poll by five pollsters, published as voting closed on Sunday, showed New Democracy taking between 27.5 percent and 30.5 percent of the vote. SYRIZA was essentially level with 27-30 percent, followed by the PASOK Socialists taking 10-12 percent of the vote. SYRIZA has vowed to tear up the terms of a European Union-International Monetary Fund bailout package keeping Greece from bankruptcy, potentially sending the country crashing out of ...
Trump: Obama Cut Deal with Saudis to Keep Oil Prices Low Until Election
Post Date: 2012-06-16 18:46:59 by whyofcourse
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Trump: Obama Cut Deal with Saudis to Keep Oil Prices Low Until Election
Central Banks Warn Greek-Led Euro Stress Threatens World
Post Date: 2012-06-15 11:19:19 by Brian S
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Central banks intensified warnings that Europe’s failure to tame its debt crisis threatens to roil the world’s financial markets and economy as Greece’s election in two days looms as the next flashpoint for investors. Monetary policy makers from the U.K. to Japan and Canada sounded the alert about potential fallout from the single currency bloc’s troubles. They spoke as Group of 20 leaders prepare to meet in Mexico next week amid the weakest international economy since the 2009 recession, with a video call for European heads of government scheduled for today. A victory by Syriza, the party that promises to renege on Greece’s end of the bailout deal, could speed ...
Egypt Court Dissolves Parliament, Clears Shafik for Runoff
Post Date: 2012-06-14 12:24:02 by Brian S
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By Tarek El-Tablawy, Abdel Latif Wahba and Mariam Fam - 2012-06-14T15:32:12Z Egypt’s highest court ordered that parliament be dissolved and cleared Ahmed Shafik, a former aide to Hosni Mubarak, to run for the presidency. The twin rulings threaten to inflame tensions two days before the runoff pitting Shafik against the Muslim Brotherhood’s Mohamed Mursi. Shafik, a former air force general, briefly served as the last premier under Mubarak, who was ousted by a popular uprising last year. The activists that led those protests and the Brotherhood accuse him of seeking to revive the old regime and abort the transition to democracy. “Egypt just witnessed a soft ...
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