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Latest Articles: International News
US Official: Al-Qaida's No. 2 Was At House Hit By US Drone And Was Killed
Post Date: 2012-06-05 14:51:32 by Brian S
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A U.S. official says a drone strike in Pakistan's northwest tribal region has killed al-Qaida's second-in-command. The death of Abu Yahya al-Libi is a significant blow to the terror network, which has lost a string of top leaders at the hands of the American drone program. The official, who spoke on condition of anonymity to discuss intelligence matters, says that no one left in al-Qaida comes close to replacing the expertise al-Qaida has just lost. Al-Libi would be the latest in the dozen-plus senior commanders removed in the clandestine U.S. war against al-Qaida since Navy SEALs killed Osama bin Laden just over a year ago. Al-Libi, a hero in militant circles for his 2005 escape ...
'Israel’s Creation Worst Catastrophe To Hit World'
Post Date: 2012-06-05 12:58:29 by Brian S
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The head of Egypt’s Muslim Brotherhood has called on Arab forces to confront Israel and for the international community to pressure the “Zionist government to withdraw from the land of Palestine.” The comments by Brotherhood General Guide Mohammed Badie came in a written statement issued May 17 to commemorate Nakba Day, when Palestinians and other Arabs mourn Israel’s creation in 1948. The statement – the existence of which was revealed Wednesday by the Investigative Project on Terrorism blog – reminds Brotherhood followers of the movement’s decades-long “sacrifices” in efforts to destroy the Jewish state. “On this day, like every year, ...
The Hoarding Continues: China Purchases A Record 100 Tons Of Gold In April From Hong Kong
Post Date: 2012-06-04 17:04:44 by Capitalist Eric
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A month ago we were delighted to counterpoint Charlie Munger's prior remarks about the level of "civilization" of a given consumer based on their sentiment vis-a-vis gold, by demonstrating that Chinese purchases of gold from Hong Kong rose to a record. To wit: "Imports from Hong Kong were 135,529 kilograms (135.53 metric tons) between January and March, from 19,729 kilograms in the year-earlier period, according to data from the Census and Statistics Department of the Hong Kong government. Shipments in March rose 59 percent from February, yesterday's data showed." We have just gotten the April update, and, lo and behold, the country which is now the biggest ...
Iceland Continues Economic Rejuvenation by Purging Financial Parasites
Post Date: 2012-06-04 16:23:19 by Capitalist Eric
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Iceland is showing the world what real independence from the bankers means. The Nordic island has become the first country to criminally charge a world leader as a result of the 2008 economic crisis. Former Prime Minister Geir Haarde, 73, was found guilty of “failing to adequately inform other Icelandic officials of events that led up to the 2008 financial crisis” according to an April 23 New York Times article. As part of Haarde’s final verdict, two of the original six charges were dropped and the other three were cleared. These included “gross neglect of duty” and “ failure to reduce the size of the banking system,” charges that were more serious and ...
The week that Europe stopped pretending
Post Date: 2012-06-04 14:26:06 by Capitalist Eric
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The euro has essentially broken down as a viable economic and political undertaking. The latest rush of events reeks of impending denouement. The debt markets are pricing in for a global deflationary bust. Europe will have to restore shattered trust in the worst possible circumstances. Photo: Reuters Switzerland is threatening capital controls to repel bank flight from Euroland. The Swiss two-year note has fallen to -0.32pc, not that it seems to make any difference. Denmark’s central bank said it was battening down the hatches for a "splintering" of EMU. It has cut interest rates twice in a matter or days and pledged to do whatever it takes to stop euros flooding into the ...
10 Things That We Can Learn About Shortages And Preparation From The Economic Collapse In Greece
Post Date: 2012-06-04 14:00:57 by Capitalist Eric
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Another month, another bad jobs report. For the month of May, the U.S. economy only added 69,000 jobs and the unemployment rate rose to 8.2%. Many are calling this a total "disaster" and are worried that the U.S. economy could be headed back into another recession. Economists had been expecting 150,000 payroll jobs would be added, so the 69,000 number really shocked a lot of people. The truth is that the economy needs to add approximately 125,000 new jobs every single month just to keep the unemployment rate steady. So yes, this bad jobs report is not welcome news at all - especially for the Obama administration. When Barack Obama first took office the unemployment rate was ...
Putin Visits China To Tighten Key Alliance, Meet With Iranian President Mahmoud Ahmadinejad
Post Date: 2012-06-03 12:56:19 by Brian S
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President Vladimir Putin visits China Tuesday on the first Asia trip of his new Kremlin mandate aiming to tighten an increasingly close alliance that is key for Russia's diplomatic and economic strategy. Putin, who began a third term as president less than a month ago, has already made a lightning trip to Germany and France but will symbolically be visiting Beijing before the United States. The sometimes troubled Moscow-Beijing relationship has warmed during Putin's 12 years of domination over Russia and the two governments are notably in lockstep in opposing outside intervention to solve the Syrian crisis. "One can understand where the vector of Russian policy is ...
Germany Produces 50% Of Energy From Solar During Mid-Day Hours — ‘Equivalent To 20 Nuclear Power Stations...'
Post Date: 2012-05-31 19:12:12 by Brian S
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Germany’s economy is viewed as the most successful major economy in the world today and the key bedrock for European recovery. While many conservative leaders in the United States are calling on the tearing up of environmental protections to help our economy, Germany has shown the fallacy of that claim. The Germans continue to set new records on environmental protection. This week the German solar power plants produced a world record 22 gigawatts of electricity per hour — literally half of the energy used through the key midday hours in the country. That is the equivalent to 20 nuclear power stations at full capacity without any radioactive waste left over. The Germans are ...
Money flies out of Spain, regions pressured [Financial Collapse Accelerating]
Post Date: 2012-05-31 13:58:28 by Capitalist Eric
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(Reuters) - Spaniards alarmed by the dire state of their banks are squirreling money abroad at the fastest rate since records began, figures showed on Thursday, and the credit ratings of eight regions were cut. Spain is the next country in the firing line of the euro zone's debt crisis, with spendthrift regions and shaky banks threatening to blow a hole in state finances and pushing funding costs towards levels that signal the need for a bailout. The European Commission gave new help on Wednesday, offering direct aid from a euro zone rescue fund to recapitalize Spanish banks and more time for Madrid to reduce its budget deficit. That helped lower the risk premium investors demand ...
Syria Military Intervention Would Engulf Israel, Says Iranian Official
Post Date: 2012-05-31 12:53:09 by Brian S
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Any crisis caused by a military intervention in Syria would engulf Israel, Iranian Parliament Speaker Ali Larijani warned Wednesday, the Tehran Times reported on Thursday. Larijani made the remarks in reference to calls by certain U.S. officials for a military campaign against Syria to put an end to Syrian regime’s 14-month assault on its opposition. “U.S. military officials probably have a poor understanding of themselves and regional issues because Syria is in no way similar to Libya, and (the effects of) creating another Benghazi in Syria would spread to Palestine, and ash rising from the flames would definitely envelop the Zionist regime,” Larijani said, according to ...
(Useful Idiot of the Day) Farrakhan Audio Praising Sharia Law and Threatening ‘Death’ Unless ‘America Submits’
Post Date: 2012-05-31 07:56:25 by CZ82
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Allah Will ‘Bring Down’ America’s Skyscrapers: Horrific New Farrakhan Audio Praising Sharia Law and Threatening ‘Death’ Unless ‘America Submits’ Posted on May 29, 2012 at 5:48pm by Billy Hallowell The Minister Louis Farrakhan isn’t one to avoid controversial language. In his Sunday address in San Diego, the Nation of Islam leader slammed Israel, lamented Mexico’s loss of land at the hands of American “trickery” and derided President Barack Obama for his endorsement of same-sex marriage. But that’s only a portion of what was uttered in his nearly three-hour address. During the last 10 minutes, the fiery Farrakhan erupted with ...
Spain faces 'total emergency' as fear grips markets
Post Date: 2012-05-30 19:00:28 by Capitalist Eric
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A screen displays the IBEX 35 at Madrid's stock exchange on Wednesday. “We’re in a situation of total emergency, the worst crisis we have ever lived through” said ex-premier Felipe Gonzalez, the country’s elder statesman. The warning came as the yields on Spanish 10-year bonds spiked to 6.7pc, pushing the “risk premium” over German Bunds to a post-euro high of 540 basis points. The IBEX index of stocks in Madrid fell 2.6pc, the lowest since the dotcom bust in 2003. Chaos over the €23.5bn rescue of crippled lender Bankia has led to the abrupt resignation of central bank governor Miguel Ángel Fernández Ordóñez, who ...
As An Encore to Bailing Out the Big Banks, Government to Backstop Derivatives Clearinghouses … In the U.S. and Abroad
Post Date: 2012-05-29 19:35:41 by Capitalist Eric
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... Which Will Lead to Bailouts and Encourage Even More Fraud The government has been bailing out the giant, insolvent banks for years. (Many of the bailed out banks are foreign.) That is preventing the economy from recovering ... like countries that have grabbed the bull by the horns. The government has allowed the amount of derivatives to reach 1.2 quadrillion dollars. That is feeding the parasite of casino gambling ... which is preventing the real economy from recovering and is killing the host of actual productivity. What is the government doing for an encore? Bailing out the derivatives clearinghouses. As the Wall Street Journal reported yesterday: Little noticed is that on Tuesday ...
Report: Obama Personally Oversees Al-Qaeda ‘Kill List’
Post Date: 2012-05-29 11:26:18 by Brian S
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US President Barack Obama has personally overseen a top-secret process for determining which Al-Qaeda suspects should be placed on a “kill list,” the New York Times reported Tuesday. The Times, citing dozens of top officials and former advisers, said the administration had developed what it termed the “kill list” as part of a stepped-up drone war against Al-Qaeda and its affiliates inPakistan and Yemen. “He is determined that he will make these decisions about how far and wide these operations will go,” it quoted National Security Adviser Thomas Donilon as saying. “His view is that he’s responsible for the position of the United States in the ...
Number 2 al-Qaida leader in Afghanistan killed in NATO airstrike
Post Date: 2012-05-29 11:24:26 by Brian S
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KABUL, Afghanistan -- The second highest al-Qaida leader in Afghanistan was killed in a weekend airstrike in the country's volatile east near the border with Pakistan, NATO-led forces said on Tuesday. Saudi Sakhr al-Taifi, also known as Musthaq and Nasim, was responsible for commanding foreign insurgents and directing attacks against coalition and Afghan forces, NATO said in a statement. He frequently traveled between Afghanistan and Pakistan, carrying out commands from senior al-Qaida leadership, supplying weapons and equipment to insurgents and transporting insurgent fighters into Afghanistan, the statement said. He was killed on Sunday in the Watahpur district of Kunar province ...
Spent Fuel Rods Drive Growing Fear Over Plant in Japan
Post Date: 2012-05-27 13:53:55 by Brian S
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TOKYO — What passes for normal at the Fukushima Daiichi plant today would have caused shudders among even the most sanguine of experts before an earthquake and tsunami set off the world’s second most serious nuclear crisis after Chernobyl. Fourteen months after the accident, a pool brimming with used fuel rods and filled with vast quantities of radioactive cesium still sits on the top floor of a heavily damaged reactor building, covered only with plastic. The public’s fears about the pool have grown in recent months as some scientists have warned that it has the most potential for setting off a new catastrophe, now that the three nuclear reactors that suffered meltdowns are ...
Utility Says It Underestimated Radiation Released in Japan
Post Date: 2012-05-25 13:12:59 by Brian S
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TOKYO (Reuters) — The amount of radioactive materials released in the first days of the Fukushima nuclear disaster was almost two and a half times the initial estimate by Japanese safety regulators, the operator of the crippled plant said in a report released on Thursday. The operator, the Tokyo Electric Power Company, said the meltdowns it believes took place at three reactors at the Fukushima Daiichi plant released about 900,000 terabecquerels of radioactive substances into the air during March 2011. The accident, which followed an earthquake and a tsunami, occurred on March 11. The latest estimate was based on measurements suggesting the amount of iodine-131 released by the ...
Iran Navy Helps U.S. Ship (Maersk Texas) Attacked by Pirates in Middle East
Post Date: 2012-05-25 13:05:12 by Hondo68
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An Iranian stands guard Iran’s navy helped a U.S.-flagged cargo ship that was attacked by pirates off the United Arab Emirates, according to the vessel’s owner, Maersk Line Ltd. The Iranian navy was the first to respond to the initial distress call from the Maersk Texas, Kevin Speers, senior director of marketing at Maersk Line, said by phone today. The vessel was attacked by several skiffs and armed guards on board returned fire, the company said in an earlier statement. The incident happened at about noon northeast of Fujairah, the biggest port in the Middle East for refueling oil tankers, Maersk said. Iran’s navy provided guidance to the crew of the Maersk Texas by ...
Why we should be thrilled by NATO's lack of action
Post Date: 2012-05-24 08:29:46 by We The People
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An international summit in Chicago produces few results. But that's better than NATO endorsing a boneheaded intervention in Syria The weekend's Chicago North Atlantic Treaty Organization (NATO) summit produced very few results. Thank goodness. A lack of action was actually one of the best possible outcomes. Yes, the summit did endorse the first stage of European missile defense, and it confirmed the alliance's withdrawal from Afghanistan. However, for the most part, the summit was remarkable for all the things NATO members chose not to do. One significant omission was any progress for aspiring members in the Balkans and Caucasus. Macedonia, Bosnia, Montenegro, and Georgia ...
Only North American Middle Class To Grow In Last 30 Years Was Mexico’s
Post Date: 2012-05-23 16:19:11 by Brian S
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Only Mexico’s middle class has grown over the past 30 years in North America, while income disparity has increased in Canada and the United States, according to a study here out Tuesday. “Mexico’s middle class has benefited from urbanization, greater female employment, improved education and better social programs,” said economist Lars Osberg, the author of the report by the Canadian Centre for Policy Alternatives (CCPA). In the study Osberg, a professor at Dalhousie University, tracks the rise and fall of income inequality in the three North America Free Trade Agreement (NAFTA) partners. Similar trends in Canada and the United States helped maintain middle-class ...
‘Barcode everyone at birth’
Post Date: 2012-05-23 11:21:40 by A K A Stone
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Each week a global thinker from the worlds of philosophy, science, psychology or the arts is given a minute to put forward a radical, inspiring or controversial idea – no matter how improbable – that they believe would change the world. This week science fiction writer Elizabeth Moon argues that everyone should be given a barcode at birth. “If I were empress of the Universe I would insist on every individual having a unique ID permanently attached - a barcode if you will; an implanted chip to provide an easy, fast inexpensive way to identify individuals. It would be imprinted on everyone at birth. Point the scanner at someone and there it is. Having such a unique barcode ...
Bush And Blair’s Pre-Iraq Conversation Must Be Disclosed, U.K. Tribunal Rules
Post Date: 2012-05-22 11:23:36 by Brian S
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Extracts of a phone conversation between Tony Blair and George Bush a few days before the invasion of Iraq must be disclosed, a tribunal has ruled. The Foreign Office lost an appeal against an order by the information commissioner, Christopher Graham, to disclose records of the conversation between the two leaders on 12 March 2003. Graham’s order was made in response to a freedom of information request by Stephen Plowden, a private individual who demanded disclosure of the entire record of the conversation. “Accountability for the decision to take military action against another country is paramount,” Graham had said in his original order. Upholding that ruling on Monday, ...
Chinese company buys U.S. movie theater chain AMC for $2.6bn in largest ever takeover deal
Post Date: 2012-05-21 18:54:46 by sneakypete
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The second-largest U.S. movie theater chain has been bought by a Chinese company today in a historic takeover. AMC Entertainment Holdings was sold for $2.6 billion to Dalian Wanda Group Company in a setback to President Obama's attempts to prevent American businesses being eclipsed by their Chinese rivals. Wanda said the deal would create the world's biggest movie theater operator and the Beijing-based company revealed it would invest an additional $500 million in AMC's development. AMC operates 346 cinemas, mostly in the United States and Canada, and has 23 of the 50 highest-grossing U.S. outlets. The multi-billion dollar deal undermines President Obama's promises to ...
France's Hollande Steals Show In World Stage Debut
Post Date: 2012-05-21 14:47:27 by Brian S
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By JAMEY KEATEN The Associated Press CHICAGO — In his debut in international summitry, Francois Hollande has made a splash — and held his ground on some sharply defined positions. France's new leader grabbed attention at both the weekend's Group of Eight summit in Camp David and at the NATO summit in Chicago ending Monday, parlaying his mandate from voters in a May 6 election and showing he has his finger on the pulse of the public back home. An informal European Union summit on Wednesday will cap his whirlwind first week as French president. Hollande first sped to Berlin to meet Germany's chancellor, he then painstakingly formed a Socialist-led French Cabinet. He ...
Netanyahu: African Migrants Could Overrun Israel
Post Date: 2012-05-21 13:12:36 by Brian S
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JERUSALEM (AP) -- Prime Minister Benjamin Netanyahu is warning that Israel could be swamped by illegal migrants from Africa. The mounting number of migrants is high on the national agenda following a series of crimes, including rapes, that have been blamed on the newcomers. Netanyahu says the influx is "threatening the fabric of Israeli society, its national security and its national identity." He says if Israel doesn't stop it, then "60,000 infiltrators are liable to become 600,000, and lead to the eradication of Israel as a Jewish and democratic state." More than 50,000 Africans have poured into Israel since 2005, seeking to escape persecution and poverty. ...
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