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Latest Articles: International News
Texans in 39 foot boat sailed 8,000 miles, to hold memorial for American sailors killed by Israel
Post Date: 2011-09-08 12:33:40 by mininggold
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Texans in 39 foot boat sailed 8,000 miles, to hold memorial for American sailors killed by Israel * A retired college professor who has sailed approximately 8,000 miles to the eastern Mediterranean has now arrived at his destination: the exact location where Israeli forces tried to sink a US Navy ship in 1967, killing or injuring over 200 American servicemen. Larry Toenjes, 74 years old, is planning to hold a memorial service for those killed on board the ship, the USS Liberty. Israel shelled and torpedoed the ship, an electronics surveillance ship, in an attack that lasted as long as the attack on Pearl Harbor. UPDATE: Memorial to be held 5pm Eastern Time Thursday, Sept. 8 and will be ...
Exclusive: Libyan Missiles Looted
Post Date: 2011-09-07 16:56:29 by Brian S
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TRIPOLI, Libya (CNN) - A potent stash of Russian-made surface-to-air missiles is missing from a huge Tripoli weapons warehouse amid reports of weapons looting across war-torn Libya. They are Grinch SA-24 shoulder-launched missiles, also known as Igla-S missiles, the equivalent of U.S.-made Stinger missiles. A CNN team and Human Rights Watch found dozens of empty crates marked with packing lists and inventory numbers that identified the items as Igla-S surface-to-air missiles. The list for one box, for example, written in English and Russian, said it had contained two missiles, with inventory number "Missile 9M342," and a power source, inventory number "Article 9B238." ...
Bring Out Your Dead - UBS Quantifies Costs Of Euro Break Up, Warns Of Collapse Of Banking System And Civil War
Post Date: 2011-09-07 12:18:01 by Capitalist Eric
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Any time a major bank releases a report saying a given course of action is too costly, too prohibitive, too blonde, or simply too impossible, it is nearly guaranteed that that is precisely the course of action about to be undertaken. Which is why all non-euro skeptics are advised to shield their eyes and look away from the just released report by UBS (of surging 3 Month USD Libor rate fame) titled "Euro Break Up - The Consequences." UBS conveniently sets up the straw man as follows: "Under the current structure and with the current membership, the Euro does not work. Either the current structure will have to change, or the current membership will have to change." So far ...
Court Rejects Challenges to German Euro Bailouts [German Courts: We All Sink TOGETHER!]
Post Date: 2011-09-07 12:09:50 by Capitalist Eric
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KARLSRUHE, Germany — In a widely followed ruling on Wednesday, Germany’s Constitutional Court upheld the legality of Berlin’s rescue packages for debt-stricken euro zone countries, but said any future bailouts must be approved by a parliamentary panel. Multimedia Interactive Feature Tracking Europe's Debt Crisis.Related News Analysis: In Euro Zone, Banking Fear Feeds on Itself (September 7, 2011) News Analysis: Merkel’s Blunt Talk Offends Debtor Nations (September 7, 2011) Readers’ Comments Share your thoughts. Post a Comment » Read All Comments (13) » The decision was viewed by some analysts as a rare triumph for Chancellor Angela Merkel and seemed ...
Eurozone Deathwatch
Post Date: 2011-09-06 17:17:26 by Capitalist Eric
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There's no way to overstate the calamity that's unfolding across the Atlantic. The eurozone is imploding. The smart money has already fled EU banks for safe quarters in the US while political leaders frantically look for a way to prevent a seemingly-unavoidable meltdown. Here's an excerpt from a post at The Streetlight blog that explains what's going on: "...ECB data seems to indicate that monetary financial institutions (MFIs) in Europe have been moving their deposits out of European banks. Where is that money going?.... European banks are shifting their cash assets out of European banks and putting much of them into US banks. ... This has happened at a significant ...
Greek Euro Exit Likely Within Days
Post Date: 2011-09-06 15:22:50 by Capitalist Eric
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The game is up for Greece as there is surely no way back for the country and a rapid Euro exit is increasingly likely. Without decisive action, the Euro is also likely to come under increasingly severe selling pressure as the financial crisis spreads. In theory, the EU and IMF can continue to provide the funds agreed under the existing bailout programme, but this will only delay the inevitable as on the current trajectory Greek public debt is likely to be at least 180% of GDP next year. The collateral row also illustrates how difficult it will be to keep EU members on board and willing to contribute to the planned second bailout package. Indeed, there is a high risk that the second bailout ...
Robert Gates Says Israel Is An Ungrateful Ally
Post Date: 2011-09-06 12:05:37 by Brian S
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It was an extraordinary scene: President Barack Obama, sitting impassively in the Oval Office in May as Israeli Prime Minister Benjamin Netanyahu lectured him, at considerable length and at times condescendingly, on Jewish history, Arab perfidy and the existential challenges facing his country. What was extraordinary wasn’t the message -- it was not an untypical Netanyahu sermon. What was notable was that Netanyahu was lecturing the president live on television, during a photo opportunity staged so that the two leaders could issue platitudes about the enduring bonds between their nations. That display of impudence left the president and his team feeling unusually angry. Shortly ...
NEWSROOM SOURCES: NYT LEAD TUESDAY: USA EAVESDROPPED ON ISRAELI EMBASSY IN WASHINGTON... DEVELOPING...
Post Date: 2011-09-05 20:41:23 by A K A Stone
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NEWSROOM SOURCES: NYT LEAD TUESDAY: USA EAVESDROPPED ON ISRAELI EMBASSY IN WASHINGTON... DEVELOPING...
Among the dinosaurs
Post Date: 2011-09-05 17:32:20 by jwpegler
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France’s Socialists have yet to come to terms with the modern world BLISS is it in a financial crisis to be a socialist. Or so it ought to be. In speculators and ratings agencies, Europe’s left has a ready cast of villains and rogues. In simmering social discontent, it has an energising force. A recent issue of Paris-Match inadvertently captured the mood: page after full-colour page on Britain’s rioting underclass were followed by gory visual detail of the bling yachts crowding into the bay near Saint-Tropez. Time, surely, to put social inclusion before defiant decadence. The oddity is that almost everywhere the European left is in decline. Among the large countries, ...
IDF general: Likelihood of regional war growing
Post Date: 2011-09-05 17:18:57 by A K A Stone
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Senior IDF officer warns of 'radical Islamic winter' that may lead to regional war, could prompt use of WMDs; new, more lethal weapons discovered in hands of terrorists during latest round of fighting in Gaza, Major General Eisenberg says Recent revolutions in the Arab world and the deteriorating ties with Turkey are raising the likelihood of a regional war in the Middle East, IDF Home Front Command Chief, Major General Eyal Eisenberg warned Monday. "It looks like the Arab Spring, but it can also be a radical Islamic winter," he said in a speech at the Institute for National Security Studies in Tel Aviv. Ynetnews coverage of growing Mideast threats: * Terror ...
U.S. Scores Major Trade Victory At Wto
Post Date: 2011-09-05 13:09:54 by Brian S
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President Obama and Vice President Biden will have something major on trade to brag about to their union allies this Labor Day. In a major victory for the Obama administration and unions, the United States has won final approval from the World Trade Organization to continue slapping high tariffs on Chinese tire imports. The WTO Appellate Body on Monday ruled in Geneva that safeguard tariffs imposed by President Obama on China two years ago were legal under WTO rules. Obama had imposed the penalties for three years in response to a petition filed by the United Steelworkers union and findings by the U.S. International Trade Commission. “This is a tremendous victory for the United ...
Libyan rebels round up black Africans
Post Date: 2011-09-05 10:48:09 by A K A Stone
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TRIPOLI, Libya (AP) — Rebel forces and armed civilians are rounding up thousands of black Libyans and migrants from sub-Sahara Africa, accusing them of fighting for ousted strongman Moammar Gadhafi and holding them in makeshift jails across the capital. Virtually all of the detainees say they are innocent migrant workers, and in most cases there is no evidence that they are lying. But that is not stopping the rebels from placing the men in facilities like the Gate of the Sea sports club, where about 200 detainees — all black — clustered on a soccer field this week, bunching against a high wall to avoid the scorching sun. Handling the prisoners is one of the first major ...
Iceland says it was "bullied" over bank debt
Post Date: 2011-09-04 17:48:33 by Sebastian
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Iceland's president accused European countries on Sunday of having bullied it into agreeing to guarantee repayment of the debts of a failed bank, reviving a dispute with Britain and the Netherlands whose citizens are owed billions. When Iceland's banking sector collapsed in the 2008 global financial crisis, accounts were frozen at the bank Landsbanki, which had accepted deposits from British and Dutch savers through online funds called Icesave. Iceland says the estate of the failed bank will be enough to repay about $5 billion of debt to the British and the Dutch. The two countries had wanted the government in Reykjavik to give a state guarantee to the repayment. In a referendum ...
'Race Is On' To Keep Gadhafi's Weapons Stockpiles From Al Qaeda
Post Date: 2011-09-04 14:00:01 by Brian S
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09/04/11 11:03 AM ET Rep. Mike Rogers (R-Mich.), chairman of the House Intelligence Committee called on the United States to be “more involved” in ensuring that Moammar Gadhafi’s stockpiles of weapons did not fall into the hands of terrorist organizations. “I would like us to be more involved,” said Rogers who appeared on CNN’s State of the Union on Sunday with Sen. Joe Lieberman (I-Conn.), the chairman of the Senate Homeland Security Committee. “And I'm not talking about boots on the ground or big military. We need to use our special capabilities that really only the United States has to secure, account for those weapons and render them safe. And ...
Iran Nuclear Plant ‘Linked To Electricity Grid’
Post Date: 2011-09-04 13:23:06 by Brian S
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TEHRAN — Iran's first nuclear power plant has been hooked up to the national grid supplying 60 megawatts of its 1,000 megawatt capacity, the country's Atomic Energy Organisation announced on Sunday. "Last night at 11:29 pm (1859 GMT), the Bushehr power plant was connected with 60 megawatts to the national grid," the organisation's spokesman Hamid Khadem Qaemi, told Al-Alam television. The connection of the Russian-built plant in southern Iran to the national grid was originally scheduled for the end of 2010. The Bushehr plant was started up in November 2010 but repeated technical problems delayed its operations, leading to the removal of its fuel rods last ...
U.S. Tries To Stall Palestinian Statehood Bid: Report
Post Date: 2011-09-04 13:20:55 by Brian S
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WASHINGTON (Reuters) - Washington has launched an effort to avoid a clash stemming from plans by Palestinians to seek recognition as a state at the United Nations, The New York Times reported on Saturday, citing senior U.S. officials and foreign diplomats. The Obama administration has introduced a plan to restart peace talks with Israel to try to convince Palestinian President Mahmoud Abbas to give up the bid to seek recognition at the annual meeting of leaders at the U.N. General Assembly, it said. The administration has told Abbas it would veto any request made to the U.N. Security Council to make a Palestinian nation a new member, the Times said. But it said Washington lacked support ...
MI5 former chief decries 'war on terror'
Post Date: 2011-09-04 07:34:29 by lucysmom
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Lady Eliza Manningham-Buller, the former head of MI5, delivered a withering attack on the invasion of Iraq, decried the term "war on terror", and held out the prospect of talks with al-Qaida. Recording her first BBC Reith lecture on the theme, Securing Freedom, she made clear she believed the UK and US governments had not sufficiently understood the resentment that had been building up among Arab people, which was only compounded by the war against Iraq. Before an audience which included Theresa May, the home secretary, she also said the 9/11 attacks were "a crime, not an act of war". "So I never felt it helpful to refer to a war on terror". Young Arabs, she ...
Europe Alarmed as Italy’s Austerity Plans Unravel
Post Date: 2011-09-02 20:07:57 by Brian S
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ROME — Just a few weeks ago, Prime Minister Silvio Berlusconi announced a sweeping 45.5 billion-euro package of austerity measures to help Italy stave off a sovereign debt crisis. Today, those measures are unraveling, subject to so much backtracking and political wrangling that European leaders are raising the pressure on Italy to deliver as promised. Every day, modifications to a wide array of steps — whether tax increases, pension spending or cuts to local government — appear and vanish like so many trial balloons as Mr. Berlusconi struggles to appease the conflicting vested interests within his own fractious coalition. Rounding out the fray are the center-left opposition ...
Even Goldman Sachs Secretly Believes That An Economic Collapse Is Coming
Post Date: 2011-09-02 16:36:38 by Capitalist Eric
2 Comments
Goldman Sachs is doing it again. Goldman is telling the public that everything is going to be just fine, but meanwhile they are advising their top clients to bet on a huge financial collapse. On August 16th, a 54 page report authored by Goldman strategist Alan Brazil was distributed to institutional clients. The general public was not intended to see this report. Fortunately, some folks over at the Wall Street Journal got their hands on a copy and they have filled us in on some of the details. It turns out that Goldman Sachs secretly believes that an economic collapse is coming, and they have some very interesting ideas about how to make money in the turbulent financial environment that we ...
Why the European Union Could be Dead Within a Week
Post Date: 2011-09-02 13:41:45 by Capitalist Eric
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Shah Gilani writes: The clock may be ticking on the future of the European Union (EU). After being shaken to its core by the sovereign debt crisis, the entire Eurozone now runs the risk of blowing up within a week. Germany's highest court, the German Federal Constitutional Court, on Sept. 7 rules on the legality of German participation in the euro rescue fund that was established to bail out Greece. If the court rules that Berlin's commitment to the European Financial Stability Facility (EFSF) goes against EU law, or worse, against the German constitution, the entire Eurozone could collapse. Think of the Eurozone as a minefield full of bombs that have long lay dormant, but are ...
Greece is insolvent! Who Knew?
Post Date: 2011-09-02 06:46:14 by CZ82
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Greece is insolvent! Who Knew? Hugh de Payns The Greeks have shown an unflagging ability to obscure and outright lie regarding their finances. The WSJ reports that perhaps as much as one trillion dollars is needed to bail out European banks. Much of that is needed due to those banks holding so much bad Greek debt. That's right, one trillion. In a 54-page report sent to hundreds of Goldman's institutional clients dated Aug. 16, Alan Brazil -- a Goldman strategist who sits on the firm's trading desk -- argued that as much as $1 trillion in capital may be needed to shore up European banks. Rumor has it that Finland wanted the Parthenon as collateral before they would loan ...
Pakistan is behind al-Qaeda (and everyone in Washington knows this)
Post Date: 2011-09-01 10:27:30 by Godwinson
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Pakistan is behind al-Qaeda (and everyone in Washington knows this) This was in the comment section of foreignpolicy.com which I found worthy of reposting here. MARTY MARTEL 4:54 AM ET August 31, 2011 Gartenstein-Ross’s book on Bin Laden’s legacy misses forest for the woods since it mises the basic point of how did Bin Laden came to be able to wage this LONG WAR. Let us examine some facts: 1. Nobody forced Pakistani government to facilitate relocation of Osama bin Laden from Sudan to Afghanistan in 1996. Benazir Bhutto’s democratic government of Pakistan chose to do so of its own free will. 2. As Sandy Berger, Clinton’s national security advisor told 9/11 ...
Former U.S. Employee Of Akamai Pleads Guilty To Spying For israel
Post Date: 2011-08-31 19:57:17 by Brian S
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BOSTON (BNO NEWS) -- A Massachusetts man has pleaded guilty to a charge of foreign economic espionage for exchanging sensitive information with a person who he believed was an Israeli spy, officials said on Tuesday. The man worked for Akamai when he committed the crimes. Elliot Doxer, 43, pleaded guilty before U.S. District Judge Denise J. Casper to a charge of providing trade secrets over an 18-month period from the finance department of Akamai Technologies to an undercover federal agent posing as an Israeli intelligence officer. In 2006, Doxer sent an email to the Israeli consulate in Boston stating that he worked in the finance department of Akamai Technologies and was willing to ...
Palestinian UN Membership Poses Greater Threat Than Hamas, Says Israel
Post Date: 2011-08-31 11:51:20 by Brian S
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By AFP, OCCUPIED JERUSALEM The Palestinian campaign to secure full UN membership presents a greater threat to Israel than that posed by Hamas, the Israeli finance minister said on Wednesday. “This Palestinian initiative represents a more serious threat than that posed by Hamas,” Yuval Steinitz told Israel’s public radio, referring to Gaza's Islamist rulers whose founding charter calls for the destruction of the Jewish state. If the Palestinians made good on their plans to seek United Nations membership, Israel would “respond,” he promised. Although Steinitz did not spell out exactly how Israel would retaliate, his remarks were made shortly after Haaretz ...
Iran Sends Warship And Submarine To Patrol Red Sea
Post Date: 2011-08-30 18:50:17 by Brian S
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(AGI) Tehran - Iran has sent a warship and a submarine to patrol the Red Sea waters. Navy commander, Admiral Habibollah Sayyari, announced so. "The fleet will patrol the waters and reveal the power of the Islamic republic". Immediately after such announcement, Israel deployed two missile ships in the same waters, although a spokesman of the Armed Forces denied there is a connection with the military initiative of its historical enemy. . .
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