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Latest Articles: International News
Greeks Rush the Banks; Lines Form at ATMs; Nearly $1 Billion Withdrawn in Past Week
Post Date: 2012-05-16 18:19:39 by Capitalist Eric
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Without a government for the last eleven days, and amid mainstream discussion of a Euro Zone exit, the Greek people are realizing that the economic and political system as they know it is rapidly descending into chaos. With massive jobless rates that have forced many into bartering to survive, and facing credit destruction across the entirety of the country that has led to shortages of critical supplies like life saving medicines, those with any money left at national banks are taking the desperate step of withdrawing as much of their savings as they can from a banking system on its last leg. This is what it looks like when a populace plagued with uncertainty finally loses trust in the ...
Greeks Withdraw $894 Million In A Day: Is This Beginning Of A Run On Banks?
Post Date: 2012-05-16 10:53:02 by Brian S
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Updated at 10:20 a.m. ET: Political leaders in Athens were due to discuss an emergency government Wednesday to deal with a possible run on banks as it emerged Greeks withdrew almost $900 million in a single day, fearing their country could crash out of the euro currency by the end of the week.An interim government would take the country through to new elections on June 17, triggered by the collapse on Tuesday of talks to form a coalition between winners of the inconclusive May 6 election. Greeks are withdrawing euros from banks, apparently afraid of the prospect of rapid devaluation if the country leaves the European single currency and returns to the drachma.President Karolos Papoulias ...
European leaders and financial markets braced for Greece exit from euro [Will Greece Finally Take the EU Down?]
Post Date: 2012-05-14 19:26:03 by Capitalist Eric
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The German chancellor, Angela Merkel, said that Greece would 'always' be in the EU, a statement interpreted as meaning it might not always be in the euro. Photograph: John Macdougall/AFP/Getty Images Financial markets are hastily making preparations for a Greek exit from the euro after a day of political and economic turmoil ended with Europe's policy elite admitting for the first time that it may prove impossible to keep the single currency intact. With attempts in Athens to form a government after last week's election looking increasingly doomed, European leaders abandoned their taboo on talking about the possibility that Greece might have to leave the euro. Shares, ...
Bush/Cheney et.al. Convicted of War Crimes in Absentia
Post Date: 2012-05-14 14:05:00 by Brian S
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Kuala Lumpur — It’s official; George W Bush is a war criminal.In what is the first ever conviction of its kind anywhere in the world, the former US President and seven key members of his administration were yesterday (Fri) found guilty of war crimes.Bush, Dick Cheney, Donald Rumsfeld and their legal advisers Alberto Gonzales, David Addington, William Haynes, Jay Bybee and John Yoo were tried in absentia in Malaysia.The trial held in Kuala Lumpur heard harrowing witness accounts from victims of torture who suffered at the hands of US soldiers and contractors in Iraq and Afghanistan.They included testimony from British man Moazzam Begg, an ex-Guantanamo detainee and Iraqi woman ...
Egyptian Presidential Frontrunner Calls Israel A ‘Racist State’
Post Date: 2012-05-13 19:57:16 by Brian S
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A leading Islamist candidate in Egypt’s presidential election has branded Israel a “racist state” and said a shared 1979 peace treaty was “a national security threat” that should be revised. Abdel Moneim Abul Fotouh also denounced Al-Qaeda leader Osama Bin Laden’s assassination by US special forces as an act of “state terrorism,” in a late Saturday Egyptian television interview. Abul Fotouh, a front runner in the May 23-24 election according to polls, had earlier described Israel as an “enemy” in a televised debate with his main contender, former foreign minister and Arab League chief Amr Mussa. In Saturday’s interview with the ...
Merkel's Party Routed In Big German State
Post Date: 2012-05-13 19:31:51 by Brian S
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By Stephen Brown DUESSELDORF, Germany | Sun May 13, 2012 12:49pm EDT (Reuters) - Chancellor Angela Merkel's conservatives suffered a crushing defeat on Sunday in an election in Germany's most populous state, a result which could embolden the left opposition to step up its criticism of her European austerity policies. The election in North Rhine-Westphalia (NRW), a western German state with a bigger population than the Netherlands and an economy the size of Turkey, was held 18 months before a national election in which Merkel is expected to fight for a third term. She remains popular in Germany for her steady handling of the euro zone debt crisis, but the sheer scale of her ...
Words used by Homosexuals and what they really mean
Post Date: 2012-05-13 17:22:03 by CZ82
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Words used by Homosexuals and what they really mean Published on Monday, April 7, 2008 on Googles’ blogspot, the contents of this post attracted 66 comments. I rightly realised then that it was critically important for Kenyans to understand the language homosexual advocates frequently employ to further and even obfuscate their nefarious and nauseous lifestyle. Without further ado, here’s the post in its entirety. The homosexual movement has over the years perfected the use of words that are frequently employed with devastating effect to silence people who do not agree with their lifestyle. The propaganda value of these catch phrases has helped spread the homosexual ideology ...
Thousands of British police join anti-austerity protest
Post Date: 2012-05-11 10:41:06 by lucysmom
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LONDON (Reuters) - Thousands of off-duty police officers took to the streets in London on Thursday in a rare display of anger against government austerity, joining a protest by public sector workers including immigration officials, healthcare workers and prison officers. snip Budget cuts and a government-commissioned report that recommended allowing officers to be sacked, introducing pay reductions and raising the pension age, have all caused disquiet. "I feel like the government has misled the public. It's nothing to do with making a leaner, more efficient police service," said Anthony Coultate, 32, a sergeant from Leeds in northern England. The officers, whose caps bore ...
U.S. Concerned Netanyahu, Mofaz May Attack Iran
Post Date: 2012-05-10 23:32:17 by A K A Stone
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The United States is worried that Shaul Mofaz and his Kadima party’s joining a unity government with Prime Minister Binyamin Netanyahu could result in an attack on Iran's nuclear facilities at any given moment, according to a report on Channel 10 News on Thursday. U.S. government officials told Channel 10 News that they believe a Likud-Kadima joing government could make a decision about an Israeli attack on Iran at any moment and perhaps even before the U.S. presidential elections in November. The report said that when the Americans believed early elections would be held in Israel on September, they thought it meant the attack in Iran would be postponed at least until after the ...
How unpopular can Obama get? Texas INMATE gets 40 per cent of votes against President in West Virginia primary
Post Date: 2012-05-09 11:47:54 by A K A Stone
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Just how unpopular is President Obama in some parts of the country? Enough that a man in a Texas prison received four out of 10 votes in West Virginia's Democratic presidential primary. Inmate Keith Judd, 53, is serving 17 years for extortion at the Beaumont Federal Correctional Institution. He was sentenced in 1999 for making threats against the University of New Mexico and is due to be released on June 24 next year. With 93 per cent of precincts reporting, Obama was receiving just under 60 per cent of the vote to Judd's 40 per cent For some West Virginia Democrats, simply running against Obama is enough to get Judd - or Inmate Number 11593-051 - votes. 'I voted against ...
U.S. Millionaires Told Go Away as Tax Evasion Rule Looms
Post Date: 2012-05-09 11:22:55 by Brian S
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Go away, American millionaires. That’s what some of the world’s largest wealth-management firms are saying ahead of Washington’s implementation of the Foreign Account Tax Compliance Act, known as Fatca, which seeks to prevent tax evasion by Americans with offshore accounts. HSBC Holdings Plc (HSBA), Deutsche Bank AG, Bank of Singapore Ltd. and DBS Group Holdings Ltd. (DBS) all say they have turned away business. “I don’t open U.S. accounts, period,” said Su Shan Tan, head of private banking at Singapore-based DBS, Southeast Asia’s largest lender, who described regulatory attitudes toward U.S. clients as “Draconian.” The 2010 law, to be phased ...
Michele Bachmann Claims Swiss Citizenship Making Her Eligible To Run For Office
Post Date: 2012-05-08 23:46:51 by Brian S
4 Comments
Rep. Michele Bachmann is now officially a Swiss miss. Bachmann (R-Minn.) recently became a citizen of Switzerland, making her eligible to run for office in the tiny European nation, according to a Swiss TV report Arthur Honegger, a reporter for public broadcaster Schweizer Fernsehen, told POLITICO the Swiss consulate in Chicago has confirmed that the former Republican presidential candidate became a citizen March 19. The Swiss consulate in Chicago covers the state of Minnesota, which Bachmann represents. Marcus Bachmann, the congresswoman’s husband since 1978, reportedly was eligible for Swiss citizenship due to his parents’ nationality — but only registered it with the ...
Greek election: Syriza 'to tear up EU austerity deal'
Post Date: 2012-05-08 20:51:21 by We The People
8 Comments
The leader of Greece's left-wing Syriza bloc has said he will try to form a coalition based on tearing up the terms of the EU/IMF bailout deal. Alexis Tsipras, whose bloc came second in Sunday's vote, said Greek voters had "clearly nullified the loan agreement". He has three days to reach a coalition deal and has told the two major parties to end their support for the austerity terms if they want to take part. The European Commission and Germany say countries must stick to budget cuts. European Commission President Jose Manuel Barroso said on Tuesday: "What member states have to do is be consistent, implementing the policies that they have agreed." But, ...
U.S. thinks underwear bomb was built by Al Qaeda in Yemen
Post Date: 2012-05-07 19:24:51 by We The People
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WASHINGTON -- The FBI is analyzing a sophisticated underwear bomb that U.S. officials believe was built by Al Qaeda’s affiliate in Yemen in an effort to target Western aviation. U.S. officials said Monday that there was no imminent threat to U.S. jetliners. But the explosive device, which the CIA obtained from another government, demonstrates Al Qaeda’s continued interest in building a bomb that can pass through airport security and bring down a passenger jet, the officials said. The FBI said in a statement that “the device is very similar to IEDs that have been used previously by Al Qaeda in the Arabian Peninsula (AQAP) in attempted terrorist attacks, including against ...
Putin Returns To Kremlin, Nominates Medvedev As PM
Post Date: 2012-05-07 19:19:56 by Brian S
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AFP - Vladimir Putin began a historic third term as Russian president Monday in an opulent Kremlin ceremony shadowed by a second day of arrests of activists protesting his 12-year domination of Russia. Putin, head of state from 2000-2008 and then prime minister, took over from outgoing president Dmitry Medvedev swearing to protect the rights of Russian citizens and also pledging a "new stage" in Russia's development. The Kremlin bells echoed across Moscow and the presidential guard donned Tsarist-era uniforms for the brief but spectacular inauguration whose guests included old friends of Putin including Italian ex-premier Silvio Berlusconi. Placing his right hand on a copy ...
U.S. Drone Strike Kills Senior Al-Qaeda Leader Tied to U.S.S. Cole Bombing
Post Date: 2012-05-06 23:12:42 by Brian S
37 Comments
ATAQ, YEMEN (BNO NEWS) -- Senior al-Qaeda operative Fahd Mohammed Ahmed al-Quso, who was wanted in connection for his alleged role in the 2000 bombing of the USS Cole, was killed Sunday in a U.S. drone strike in southeast Yemen, officials said. Several suspected militants were killed on Sunday when a U.S. drone carried out an airstrike on a vehicle in the eastern province of Shabwah, although the exact location was not immediately released. "An airstrike killed Fahd al-Quso in Shabwah," said Mohammed Albasha, a spokesman for the Yemeni Embassy in Washington, D.C. Al-Quso, 37, was previously indicted by the United States over his alleged role in the October 12, 2000, bombing of ...
Pro-Austerity Blow In Greek Vote, Neo-Nazis Gain Seats
Post Date: 2012-05-06 14:18:13 by Brian S
3 Comments
Updated: Sun, 06 May 2012 17:35:11 GMT | By Agence France-Presse Greece's two main parties suffered big losses in elections Sunday, exit polls showed, rocking the eurozone state's austerity plans after a strong showing by protest groups including the neo-Nazis. Anti-austerity parties could have won up to 58 percent of the vote between them, the exit polls showed. The conservative New Democracy led by Antonis Samaras was the largest party with 17-20 percent of the vote, insufficient to give it an absolute majority and down from 33.5 percent at the last election in 2009, the exit polls showed. Socialist Pasok saw its score slump to 14-17 percent from 43.9 percent. The party even ...
Hollande Defeats Sarkozy in Shift of Power to French Socialists
Post Date: 2012-05-06 14:11:57 by Brian S
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Francois Hollande defeated French President Nicolas Sarkozy as voters handed control of the second-biggest European economy to the Socialists for the first time in 17 years. The 57-year-old Hollande got about 52 percent against about 48 percent for Sarkozy, according to estimates by pollsters CSA and Harris Interactive. The campaign isn’t over; France elects its lower house of parliament in five weeks. The challenger inherits an economy that is barely growing, with jobless claims at their highest in 12 years and a rising debt load that makes France vulnerable to the financial crisis that has rocked the euro region the past two years. Sarkozy became the ninth euro leader to fall in ...
Goliath vs David and Goliath battle brewing over world-first ‘stainless steel’ deposit
Post Date: 2012-05-06 00:15:57 by A K A Stone
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Vancouver’s First Point Minerals is a TSX-V listed explorer worth $52 million with 15 employees and a handful of exploration properties in British Columbia. Cliffs Natural Resources is a $8.3 billion iron ore and met coal giant based in Cleveland Ohio with operations around the world and 6,400 employees. Net income was $1.6 billion last year. BlackRock is the world’s largest asset manager – its Q1 2012 results showed assets under management grew 5% from the December quarter to $3.68 trillion. First Point on Saturday “regretfully” served notice of arbitration on Cliffs Natural Resources because the company refuses to hand over crucial information about First ...
Canada Stops Making Cents as Flaherty Lets Penny Drop
Post Date: 2012-05-05 15:33:44 by Mad Dog
7 Comments
Canada minted its final penny today as Finance Minister Jim Flaherty said the coin was too expensive to produce and no longer needed for business. “The real issue was that people weren’t using them, they were putting them in jars at home, and we were doing the same thing at my house,” Flaherty said. He spoke today at the Royal Canadian Mint in Winnipeg, Manitoba, before pushing a button that stamped the last one-cent coin. Canadian Finance Minister Jim Flaherty. Photographer: Nelson Ching/Bloomberg The longest-serving finance minister in the Group of Seven nations promised in his March 29 budget to save C$11 million annually by eliminating the coin that he says costs 1.6 ...
What the Palestinians Want
Post Date: 2012-05-05 10:25:37 by CZ82
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What the Palestinians Want by Khaled Abu Toameh, May 4, 2012 at 5:00 am The Palestinians want the US to endorse all their demands and force Israel to give them everything. Palestinians are reminded almost every day that the US, which has been providing them with billions of dollars, is a foe rather than a friend, although no one seems to ask how come a foe is so generous. US aid should be conditioned not only on transparency and accountability, but also on an end to the campaign of hatred and incitement, as officially agreed in the Oslo accords, but never implemented. No matter how much the US tries to help the Palestinians, it will always be viewed by many of them as an enemy. Last ...
Wife Saw Husband, A Beaumont Army Medical Center Nurse In Afghanistan, Die While On Skype Chat
Post Date: 2012-05-04 12:20:42 by Brian S
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The wife of a Beaumont Army Medical Center nurse who died Monday in Afghanistan said the incident took place while she was talking with her husband through Skype's video chat. Army officials have not released the cause of death for Capt. Bruce Kevin Clark, 43, of Spencerport, N.Y. A statement from the family said they are waiting for results of a military investigation. "Bruce's wife tragically witnessed her husband's death during one of their regular Skype video chats," the statement said. "At the time of the incident, the family was hoping for a rescue and miracle, but later learned that it was not to be," according to the family's statement. ...
Ancient Seal Found in Jerusalem
Post Date: 2012-05-03 23:22:25 by A K A Stone
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A small stone seal at least 2,600 years old and bearing a Hebrew name has been found near the Temple Mount in Jerusalem, the Israel Antiquities Authority said Tuesday. According to the ancient Hebrew inscription, the seal belonged to a man named Matanyahu, meaning ”gift of God.” It identifies him as the son of a man whose name started with the letters “Ho” — the rest did not survive. The seal belonged to a man named Matanyahu who lived at least 2,600 years ago (Courtesy of the Israel Antiquities Authority) No more than two dozen such seals have been found since excavations began in Jerusalem in the 1800s, according to Antiquities Authority archaeologist Eli ...
EU PLOT TO SCRAP BRITAIN
Post Date: 2012-05-03 23:08:48 by A K A Stone
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European Council President Herman Van Rompuy SENIOR Eurocrats are secretly plotting to create a super-powerful EU president to realise their dream of abolishing Britain and other nation states, the Daily Express can reveal. A covert group of EU foreign ministers has drawn up plans for merging the jobs currently done by Herman Van Rompuy, president of the European Council, and Jose Manuel Barroso, president of the European Commission. The new bureaucrat, who would not be directly elected by voters, is set to get sweeping control over the entire EU and force member countries into ever-greater political and economic union. Tellingly, the UK has been excluded from the confidential ...
Survey: Fastest growing racial group offers political opportunity
Post Date: 2012-05-03 07:27:10 by CZ82
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Survey: Fastest growing racial group offers political opportunity Published: 11:08 PM 05/01/2012 By Caroline May Asian-Americans could represent a pivotal voting bloc this election cycle, a new survey conducted by Lake Research Partners reveals. On Tuesday, the nonpartisan Asian-American Justice Center and the Asian and Pacific Islander American Vote (APIAVote) released a survey highlighting voting trends within the community which, the U.S. Census reported, grew 46 percent — “more than any other race group” between 2000 and 2010 — to over 17 million. Lake Research Partners President Celinda Lake explained that the Asian-American population is a vote worth tapping ...
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