Foreign Affairs (News/Activism)

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  • Obama's Land of the LOST

    05/26/2012 5:00:51 AM PDT · by IbJensen · 5 replies
    Human Events ^ | 5/25/2012 | Michelle Malkin
    What's green and blue and grabby all over? President Obama's new pressure campaign for Congress to ratify the Law of the Sea Treaty (LOST). The fight over LOST goes back three decades, when it was first rejected by President Ronald Reagan. He warned that "no national interest of the United States could justify handing sovereign control of two-thirds of the Earth's surface over to the Third World." According to top Reagan officials William Clark and Ed Meese, their boss believed the "central, and abiding, defect" was "its effort to promote global government at the expense of sovereign nation states --...
  • Euro Exit to Cost Over $1 Trillion

    05/26/2012 5:43:20 AM PDT · by Kaslin · 20 replies ^ | May 26, 2012 | Mike Shedlock
    According to IIF director Charles Dallara in a Bloomberg interview, "ECB will be insolvent if Greece were to exit the euro. Europe would have to first and foremost recapitalize its central bank." Excuse me for asking but how would they attempt to do that? Print Euros? Please consider Dallara Says Greek Euro Exit May Exceed 1 Trillion Euros
  • Spain: A Very Different Fiscal Crisis

    05/26/2012 5:21:23 AM PDT · by Kaslin · 5 replies ^ | May 26, 2012 | Political Calculations
    Having looked at how Greece arrived at its current crisis, we thought we'd turn to the next country that is coming to dominate the bad economic news in Europe: Spain. Here's our chart showing the relationship between Spain's GDP per capita and its annual government tax collections and expenditures per capita for each year from 2000 through 2011.   Unlike Greece, we find that the Spanish government's expenditures throughout much of the period appeared to be stable, with the government running significant surpluses in 2005 through 2007. Unfortunately for Spain however, those surpluses were based on that country's large housing...
  • New Study from U.K. Think Tank Shows How Big Government Undermines Prosperity

    05/26/2012 4:42:19 AM PDT · by Kaslin · 9 replies ^ | May 26, 2012 | Daniel J. Mitchell
    It seems I was put on the planet to educate people about the negative economic impact of excessive government. Though I must be doing a bad job because the burden of the public sector keeps rising. But hope springs eternal. To help make the case, I’ve cited research from international bureaucracies such as the Organization for Economic Cooperation and Development, International Monetary Fund, World Bank, and European Central Bank. And since most of those organizations lean to the left, these results should be particularly persuasive.I’ve also cited the work of academic scholars from all over the world, including the United...
  • In Reversal, Army Bans High-Performance Rifle Mags

    05/26/2012 4:29:16 AM PDT · by Timber Rattler · 94 replies ^ | May 25, 2012 | Matthew Cox
    The Army has ordered that soldiers may use only government-issued magazines with their M4 carbines, a move that effectively bans one of the most dependable and widely used commercial-made magazines on today’s battlefield. The past decade of war has spawned a wave of innovation in the commercial soldier weapons and equipment market. As a result, trigger-pullers in the Army, Marines and various service special operations communities now go to war armed with commercially designed kit that’s been tested under the most extreme combat conditions. Near the top of such advancements is the PMAG polymer M4 magazine, introduced by Magpul Industries...
  • Conditions in Spain (vanity)

    05/26/2012 3:09:44 AM PDT · by NTHockey · 19 replies
    I just got back from 18 days in Spain. These are my personal observations mixed with comments from the locals. The driver who picked us up at the airport said the economy was bad and it was hard to get jobs, especially for the young people. Yet there was lots of construction around, both private and public. In Burgos, we witnesssed a college student march. They were protesting against, what else, cuts in education. They were calling for a general strike. Police were everywhere. As an aside, Burgos must be trying to repopulate Spain all by itself. Pregnant women and...
  • U.S. Army General: The Whole Northern Hemisphere is at Risk of Becoming Largely Uninhabitable

    05/26/2012 12:27:27 AM PDT · by yank in the UK · 83 replies
    SHTFplan ^ | 25th May, 2012 | Mac Slavo
    It’s estimated that tens of thousands of people in Japan and the whole of North America have been affected, with reports indicating that children in Japan and the U.S. are already being born with birth defects, as well as thousands who have already succumbed to radiation related illness. As we initially followed the breaking news during the first thirty days of the accident, we suggested the Fukushima disaster would be worse than Chernobyl. Not even we could have imagined how much worse it would be.
  • Europe’s airline CEOs blast “crazy” carbon pricing scheme

    05/26/2012 12:11:37 AM PDT · by Olog-hai · 6 replies
    EurActiv ^ | 25 May 2012 | Arthur Neslen
    Europe’s airline executives launched a new salvo against the EU’s Emissions Trading System (ETS) yesterday (24 May), just weeks before an international working group is due to make new proposals aimed at resolving the dispute over pricing air carbon emissions. CEOs from 13 of Europe’s top airlines lined up at a press conference in the Brussels airport's Sheraton Hotel to savage the ETS as “crazy” at a time when economic growth was imperative. “Europe can’t afford a trade war at a time like this,” said Willie Walsh, CEO for the International Airlines Group, British Airways parent group. “The Commission has...
  • N. Korea: Why Phased Reunification Is Impossible

    05/25/2012 11:58:27 PM PDT · by TigerLikesRooster · 21 replies
    Daily NK ^ | 05/25/12 | Andrei Lankov
    Why Phased Reunification Is Impossible [Andrei Lankov Column] By Andrei Lankov, Professor, Kookmin University [2012-05-25 11:20 ] At some point, the North Korean people are going to see South Korea as the absolute benchmark for its standard of living, given that it is a country inhabited by fellow Koreans and which it may eventually unify with under one flag. If North Korea does not begin to see the same standard of living as is enjoyed in the South, people will quickly begin to regard themselves as poor. Accordingly, if the regime cannot deliver progress which suggests a quick upswing toward...
  • Undercover US agents brought down our new Superjet: Russia’s extraordinary claim....

    05/25/2012 11:33:17 PM PDT · by tcrlaf · 25 replies
    UK DAILY MAIL ^ | 5-24-12 | Will Stewart
    State's GRU military intelligence source says Russians are investigating theory crash was 'industrial sabotage Aircraft was on a demonstration flight aimed at securing lucrative orders when it slammed into a mountain killing all 45 passengers and crew Russian intelligence official claims US have 'special technology' capable of jamming signals from the ground or causing systems to malfunction Spy sources in Moscow today made the astonishing claim that a US undercover operation may have sabotaged a new Russian Superjet plane that crashed in Indonesia two weeks ago. The aircraft was on a demonstration flight aimed at securing lucrative orders when it...
  • Fianna Fáil finally admit truth about the bank guarantee (Irish pols put euro over country)

    05/25/2012 9:21:55 PM PDT · by Olog-hai · 12 replies
    Evening Herald (Ireland) ^ | Friday May 25 2012 | Kevin Doyle
    Fianna Fáil's infamous bank guarantee was as much about other European countries as it was about Ireland, the party admitted today. Party leader Micheál Martin has said for the first time that Irish taxpayers were left with a €34-billion ($42.6 billion) bill for basket case Anglo Irish Bank because the Government felt pressure to save the currency. "We did it for the euro," he told the Herald. The admission is unlikely to sit easy with the public, who have been hit with constant austerity since October 2008. But Martin said today that the other eurozone countries "owe Ireland". However, he...
  • N. Korea's west coast affected by severe drought (worst in 50 yrs)

    05/25/2012 9:16:05 PM PDT · by TigerLikesRooster · 20 replies
    Yonhap News ^ | 05/26/12
    2012/05/26 09:30 KST N. Korea's west coast affected by severe drought SEOUL, May 26 (Yonhap) -- North Korea's western coast region is experiencing severe drought that could seriously affect food production this year, a report by the communist country's state-run media said Saturday. The (North) Korean Central News Agency (KCNA), picked up in Seoul, said that if there is no rainfall by the end of the month, the drought will be recorded as the worst since 1962. It said from April 26 onwards, the capital city of Pyongyang received 2 millimeters of rain, while 5 millimeters fell in Haeju of...
  • Eternal Flame doused in bizarre act at Shrine of Remembrance (attack on war memorial)

    05/25/2012 8:25:15 PM PDT · by naturalman1975 · 12 replies
    Herald Sun ^ | 26th May 2012 | David Hurley
    A HEARTLESS vandal used a fire extinguisher to put out the Eternal Flame at the Shrine of Remembrance in Melbourne today. Police have released CCTV footage of the man and want the public to help track him down.
  • Honoring Home-Front Heroes Plus Those On The Battle Line

    05/25/2012 7:19:10 PM PDT · by Kaslin · 2 replies
    IBD Editorials ^ | May 25, 2012 | J. ROBERT DUBOIS
    In any discussion about war being "hell" it is common — and proper — to focus on the difficult conditions of our deployed war fighters. Long days grind on relentlessly in foreign lands, often with inadequate resources. They face attacks from determined enemies and long for home while months blur into years. As a retired Navy SEAL, I know well the sacrifices made by our military men and women. In fact, during the decade and a half following elopement with the love of my life, I would find myself away from home on assignments for a total of eight years...
  • Shakil Afridi Helped U.S. Get Osama—So Why Is He In Prison?

    05/25/2012 7:08:08 PM PDT · by Kaslin · 24 replies
    IBD Editorials ^ | May 25, 2012 | Editor
    Allies: The name Shakil Afridi may not mean anything to you, but it should. He's the Pakistani who bravely helped the U.S. track down Osama bin Laden. For his pains, he just got 33 years in a Pakistani prison. Afridi, a Pakistani physician, believed enough in the U.S. mission and in bringing the world's most wanted terrorist, Osama bin Laden, to justice that he helped the CIA find the reclusive terrorist. He should be rewarded — not punished. Yet, a Pakistani court sentenced him to 33 years in prison for "treason" and, adding insult to injury, a fine of about...
  • ROBBINS: Signing America’s ‘thank you’ card

    05/25/2012 6:55:52 PM PDT · by Abakumov · 3 replies
    The Washington Times ^ | May 25, 2012 | James S. Robbins
    Have you ever personally thanked Vietnam veterans for their service and sacrifice? Now is your chance. ... On Memorial Day, Veterans in Defense of Liberty (VIDOL) is launching a yearlong Vietnam Veterans Thank You Card From America campaign.
  • Syria Crisis: Homs Fighting 'Leaves 50 Dead' [Massacre In Syria! HRC To Issue "Serious Warning"?]

    05/25/2012 5:43:36 PM PDT · by Steelfish · 7 replies
    BBCNews ^ | May 25, 2012
    25 May 2012 Syria Crisis: Homs Fighting 'Leaves 50 Dead' At least 50 people, including 13 children, have been killed in Syria's restive Homs province, opposition activists say, calling it a "massacre". They said scores were wounded in the violence in Houla, as government forces shelled and attacked the town. If the toll is right, it would be one of the bloodiest attacks in one area since a nominal truce began in April. Meanwhile, UN chief Ban Ki-moon said the opposition controlled "significant parts of some cities". In a letter to the Security Council, Mr Ban said the situation remained...
  • Greece: Is Alexis Tsirpas a danger for Europe?

    05/25/2012 5:38:41 PM PDT · by bruinbirdman · 6 replies
    Der Freitag, Berlin ^ | 5/25/2012 | Jan Pfaff
    The leader of Greece’s leftist alliance SYRIZA is the new bright hope of Greek politics. Steering a course between pragmatism and the rhetoric of class warfare, he has unsettled Berlin, and not just those who back Angela Merkel's austerity policies. Syriza's leader Alexis Tsipras in Athens, May 24, 2012. Alexis Tsirpas’s visit to Berlin this Tuesday, fresh from Paris, can be seen as a show of his new self-confidence. Invited by the Left Party, he is out to recruit followers for his ideas in the country that has been by far the most unswerving on the austerity policy. The CDU...
  • Mexico gang launches car bomb near US border

    05/25/2012 5:27:32 PM PDT · by Dallas59 · 8 replies ^ | 5/25/2012 |
    CIUDAD VICTORIA, Mexico (AP) — Suspected drug cartel gunmen opened fire on a hotel being used as a police barracks then attacked it with a car bomb Thursday, wounding eight officers less than 4 miles (6.5 kilometers) from the U.S. border, Mexican officials said. A Tamaulipas state official said authorities believed the Zetas cartel, one of Mexico's two most powerful criminal organizations, carried out the attack on the Hotel Santa Cecilia in Nuevo Laredo, a city across the border from Laredo, Texas. The Zetas, founded by Mexican special forces defectors, have carried out a number of sophisticated attacks, but Thursday's...
  • U.N. Law Of The Sea Treaty Must Be Stopped

    05/25/2012 4:45:52 PM PDT · by raptor22 · 16 replies
    IBD editorials ^ | May 23, 2012
    Geopolitics: The administration begins the push for ratification of a 1982 treaty that would end America's sovereignty on the high seas, limit our freedoms on land and speed up the global redistribution of wealth and power. Defense Secretary Leon Panetta told Sen. John Kerry's Senate Foreign Relations Committee last Wednesday that the freedom of the sea once guaranteed by the British Royal Navy and then the U.S. Navy should be in the hands of United Nations bureaucrats in Montego Bay, Jamaica, enforcers of the Law of the Sea Treaty (LOST) he said we must ratify. It used to be that...
  • WWII Marine finally laid to rest

    05/25/2012 4:38:51 PM PDT · by LSUfan · 12 replies
    Fox Dallas-Forth Worth ^ | 24 May 2012 | Lari Barager
    A Marine who died during World War II was laid to rest Thursday, 68 years after his family was told he was lost at sea.
  • Brownback signs bill blocking use of Islamic law

    05/25/2012 4:30:15 PM PDT · by LSUfan · 18 replies
    KSNT ^ | 25 May 2012 | Unattributed
    Gov. Sam Brownback has signed into law a bill aimed at keeping Kansas courts or government agencies from basing decisions on Islamic or other foreign legal codes...
  • The Bad-Good Idea of Removing Assad

    05/25/2012 3:20:57 PM PDT · by neverdem · 10 replies
    National Review Online ^ | May 24, 2012 | Victor Davis Hanson
    Who could not despise the tottering Bashar Assad dictatorship?The Syrian strongman has killed some 10,000 protesters over the last year; thousands of Syrians are now refugees.The autocracy arms and aids the terrorist organization Hezbollah. It targets democratic Israel with thousands of missiles and still does its best to ruin neighboring Lebanon.Theocratic and terrorist-sponsoring Iran has few allies — but Syria remains its staunchest. Almost no other country over the last half-century has proved more hostile to the United States than has Syria.With sanctions not working, and with the Chinese, Iranians, and Russians not eager to see Assad go, there...
  • U.N. inspectors find high-grade uranium traces in Iran

    05/25/2012 2:11:10 PM PDT · by Olog-hai · 2 replies
    Reuters ^ | Fri May 25, 2012 5:04pm EDT | Fredrik Dahl
    United Nations nuclear inspectors have found uranium particles refined to a higher-than-expected level at an underground site where Iran has installed more than 50 percent more enrichment centrifuges, a U.N. watchdog report said on Friday. It said Tehran had told the U.N. agency that the presence of traces of highly-refined uranium—still well below potential nuclear weapons-grade material—"may happen for technical reasons beyond the operator's control". The United States—which like its Western allies and Israel accuse Iran of seeking to develop atomic bomb capability—said the Iranian explanation could be correct and a leading U.S. expert said he saw nothing "nefarious" in...
  • Egypt vote: Brotherhood advances to second round

    05/25/2012 1:54:20 PM PDT · by Olog-hai
    AP via My Way News ^ | May 25, 7:55 AM (ET) | Maggie Michael
    The candidate of Egypt's Muslim Brotherhood won a spot in a run-off election, according to partial results Friday from Egypt's first genuinely competitive presidential election. A former prime minister an a leftist were in a tight race for second place and a chance to run against him to become the country's next leader. The run-off will be held on June 16-17, pitting the two top contenders from the first round of voting held Wednesday and Thursday. The victor is to be announced June 21. The landmark vote—the fruit of last year's uprising that toppled longtime leader Hosni Mubarak—turned into a...
  • Britain can’t afford to fall for the charms of the false economics Messiah Paul Krugman

    05/25/2012 1:25:23 PM PDT · by DeaconBenjamin · 4 replies
    Telegraph (UK) ^ | 24 May 2012 | By Jeremy Warner
    The UK's fiscal consolidation was always likely to have a negative impact on output, at least in the short term. To make it work, the Government needed decent growth elsewhere in the world economy. Instead, it’s facing a hurricane. We look set to be broken by the storm. But fear not – salvation is at hand. Next week, there comes to these shores a Messiah, a prophet of great wisdom and understanding whose teachings promise to vanquish despair and “end this depression”. He is Prof Paul Krugman, a superstar polemicist who has been described by The Economist as “the most...
  • EU: Greece faces German future as euro exit looms

    05/25/2012 1:05:02 PM PDT · by bruinbirdman · 9 replies
    The Telegraph ^ | 5/25/2012 | Emma Rowley, and Philip Aldrick
    Germany has reportedly drawn up a six-point plan to rescue Greece and the eurozone’s other failed economies in the same way East Germany was rebuilt after the fall of the Berlin Wall. Chancellor Angela Merkel wants to revitalise the eurozone’s weaker countries with a package of privatisations, according to German weekly Der Spiegel. This would be overseen by an agency modelled on the Treuhand or “trust agency” which sold off most of the East’s state-owned businesses. Berlin also wants to relax employment laws to bring them in line with the German model and to set up special economic zones to...
  • Spain: Catalonia calls for help from central government to pay debts

    05/25/2012 12:56:05 PM PDT · by bruinbirdman · 8 replies
    The Telegraph ^ | 5/25/2012 | Matthew Sparkes
    European stock markets tumbled and Spain's borrowing costs shot up as the country's wealthiest autonomous region, Catalonia, called for assistance from central government to pay its bills. Catalonia, which represents one fifth of the Spanish economy, has more than €13bn in debt to refinance this year “We don't mind how they do it if it allows us to have enough liquid assets in order to pay, and do it in time, because we all have bills to pay at the end of the month. And this has to be at an homogeneous cost: if not at the European average values,...
  • S&P takes various rating actions on Spanish banks

    05/25/2012 10:25:59 AM PDT · by Kartographer · 5 replies
    Reuters ^ | 5/25/12
    Standard & Poor's Ratings Services today said it has lowered its ratings on five Spain-based financial institutions, affirmed the ratings on nine, and maintained the ratings on five on CreditWatch with negative implications (see Ratings List). We have also revised down our assessments of the stand-alone credit profiles (SACPs) of six financial institutions, with revisions ranging from one to
  • Memorial Day 2012 (Oliver North)

    05/25/2012 10:06:33 AM PDT · by jazusamo · 10 replies
    Creators Syndicate ^ | May 25, 2012 | Oliver North
    WASHINGTON — As a crowd of high-school students offloaded from the tour bus for a visit to the Vietnam Veterans Memorial aka "The Wall," he yelled, "There are no good wars!" Hemmed in on the crowded sidewalk, I tried to ignore his rant and noted the bus had a Pennsylvania license. The shouter was far too young to have fought in Vietnam, and he was wearing a dirty T-shirt, ragged jeans — and Gucci loafers. He held a sheet of cardboard, hand-inscribed with the words "I'm the 99 percent" on one side and "Help me, I'm Homeless" on the...
  • Down Under, Things May Not Be So Happy (Australia's economy vulnerable: China-powered growth slows)

    05/25/2012 10:02:55 AM PDT · by SeekAndFind · 3 replies
    Barron's ^ | 05/23/2012 | RANDALL W. FORSYTH
    Australia, long called the "lucky country," officially is the happiest country on earth. That's at least according to the Organization for Economic Cooperation and Development, whose economists reckon they can distill human emotion into statistics. At least the OECD's number crunchers acknowledge there is something more to happiness than money. In addition to household income, they also take into account how much of that is required for shelter; the percentage of the population that is employed; the percentage that have to work "very long hours;" educational attainment; voter turnout, and pollution. Norway comes in second, while the U.S. ranks third,...
  • Iran: Discovery will collapse Christianity

    05/25/2012 9:35:23 AM PDT · by null and void · 54 replies
    WND ^ | 5/21/12 | Reza Kahlili
    Iran’s Basij Press is claiming a purported Gospel of Barnabas, discovered in 2000, will prove that Islam is the final and righteous religion, causing the collapse worldwide of Christianity. In the Barnabas text held by Turkey, chapter 41 states: “God has hidden himself as Archangel Michael ran them (Adam and Eve) out of heaven, (and) when Adam turned, he noticed that at top of the gateway to heaven, it was written ‘La elah ela Allah, Mohamad rasool Allah,’” meaning Allah is the only God and Muhammad his prophet. According to the Barnabas Gospel in Turkey’s hands, Jesus was never crucified,...
  • Obama to Speak at Vietnam Wall on Memorial Day

    05/25/2012 9:09:43 AM PDT · by kristinn · 46 replies
    Stars and Stripes ^ | Thursday, May 17, 2012 | Leo Shane III
    During the Medal of Honor ceremony for Spc. Leslie Sabo on Wednesday, President Barack Obama announced he’ll speak at the Vietnam Veterans Memorial on Memorial Day, as part of the Defense Department’s commemoration of the 50th anniversary of that war. “Instead of being celebrated, our Vietnam veterans were often shunned,” Obama said. “They were called many things, when there was only one thing that they deserved to be called: American patriots. “[The event] will be another chance for America to say to our Vietnam veterans what should have been said when you first came home: You did your job. You...
  • Don't serve carbon lies, ACCC warns (Australia's draconian Carbon Police)

    05/25/2012 9:09:48 AM PDT · by JohnKinAK · 11 replies
    Daily Telegraph ^ | 5/25/12 | Phil Hudson
    SHOPS and restaurants could face fines up to $1.1 million if waiters or sales staff wrongly blame the carbon tax for price rises or exaggerate the impact. And households are being warned to watch out for telephone scammers offering to deposit carbon tax compensation into their bank accounts. The prices watchdog, the ACCC, will today launch its countdown to the July 1 carbon tax with a special focus on helping small businesses understand their obligations and consumers to be vigilant for false claims. It is releasing internet videos to help business, a 16-page guide and has set up a dedicated...
  • Tom Manion: Why They Serve—'If Not Me, Then Who?

    05/25/2012 8:59:30 AM PDT · by Kaslin · 8 replies
    WJS ^ | May 24, 2012 | Tom Manion
    I served in the military for 30 years. But it was impossible to fully understand the sacrifices of our troops and their families until April 29, 2007, the day my son, First Lt. Travis Manion, was killed in Iraq. Travis was just 26 years old when an enemy sniper's bullet pierced his heart after he had just helped save two wounded comrades. Even though our family knew the risks of Travis fighting on the violent streets of Fallujah, being notified of his death on a warm Sunday afternoon in Doylestown, Pa., was the worst moment of our lives. While my...
  • Bangladesh announces first oil discovery (153 million Barrels)

    05/25/2012 8:44:35 AM PDT · by Red Badger · 3 replies
    Yahoo ^ | 05-21-2012 | Staff
    Bangladesh has struck its first oil, in two gas fields in the northeastern Sylhet region, the chairman of the state-run Oil, Gas and Mineral Corporation (Petrobangla) has said. "This is first time that we have found economically viable oil resources, estimated at about 153 million barrels, in the two gas fields, 280km from the capital," Mohammad Hussain Monsur told reporters on Sunday, adding that production could begin within a year.
  • Iran claims new Caspian Sea oil find (10 Billion Barrels)

    05/25/2012 8:36:55 AM PDT · by Red Badger · 9 replies
    Claims are coming from Iran of the discovery of new Caspian Sea oil reserves. If confirmed, it would be the first discovery of new reserves in the area for over 100 years. Using the Amir Kabir semi-submersible rig, the Khazar Exploration and Production Company has estimated the size of the find at around 10 billion barrels and according to Iran’s oil ministry, the oil is high quality. The offshore reserves are described as deepwater, but an exact depth has not been given. According to Khazar, the find is completely within Iranian territorial waters. The Caspian Sea is also bordered by...
  • 45 Signs That China Is Colonizing America

    05/25/2012 7:42:05 AM PDT · by IbJensen · 10 replies
    Right Side News ^ | 5/24/2012 | American Dream Staff
    Just because you were once the most powerful nation on earth does not mean that you will always be the most powerful nation on earth. Every single year, hundreds of billions of dollars leaves the United States and goes to China. This enormous transfer of wealth has had a dramatic effect on both countries. In case you haven't noticed, many of our formerly great manufacturing cities such as Detroit are rotting away while shining new factories and skyscrapers are going up all over China. If you go into any major retail store today and start turning over products, you will...
  • Output Drops in Europe, China

    05/25/2012 7:42:02 AM PDT · by Kaslin · 1 replies ^ | May 25, 2012 | Mike Shedlock
    The Pollyannas who thought the European recession would be short, shallow, and contained to the periphery have another thing coming. All three ideas were downright silly as I have long stated. French Manufacturing PMI Plunges to 44.4, Sharpest Contraction in 3 Years Markit reports French private sector output falls at sharpest rate for over three years. Key points: Flash France Composite Output Index drops to 44.7 (45.9 in April), 37-month lowFlash France Services Activity Index unchanged at 45.2Flash France Manufacturing PMI falls to 44.4 (46.9 in April), 36-month lowFlash France Manufacturing Output Index declines to 43.6 (47.5 in April), 36-month...
  • Clinton: 'Significant Differences' With Iran Remain

    05/25/2012 7:12:23 AM PDT · by Eleutheria5 · 8 replies
    Arutz Sheva ^ | 25/5/12 | Gabe Kahn
    US secretary of state Hillary Clinton said Friday that "significant differences" remain over Iran's nuclear program following two days of talks in Baghdad. Clinton says the P5+1 – the five permanent members of the Security Council plus Germany – presented Tehran with a detailed proposal on all aspects of Iran's uranium enrichment during this week's talks in Baghdad. The P5+1 plan reportedly calls on Iran to halt enrichment past 3.5%, ship its stores of 20% enriched uranium out of the country, and shut down its heavily fortified Fordow enrichment facility. They had also called on Iran to live up to...
  • Traces Of Uranium Enriched To Higher Than Previous Levels Found At Iran Site

    05/25/2012 6:56:45 AM PDT · by edpc · 10 replies
    Haaretz ^ | 25 May 2012 | AP
    The UN atomic agency has found evidence at an underground bunker in Iran that could mean the country has moved closer to producing the uranium threshold needed to arm nuclear missiles, diplomats said Friday. The International Atomic Energy Agency has found traces of uranium enriched up to 27 percent at Iran's Fordo enrichment plant, the diplomats told The Associated Press.
  • CNOOC posts major oil find in Bohai (146 billion barrels of oil)

    05/25/2012 6:49:36 AM PDT · by Red Badger · 8 replies
    UPI ^ | 05-24-2012 | Staff
    BEIJING, May 24 (UPI) -- China National Offshore Oil Corp. announced Thursday it made a new oil discovery in the shallow waters of south Liaodong Bay. CNOOC announced it encountered an oil pay in its Luda 21-2 prospect with a thickness of about 550 feet, which it said was one of the thickest oil layers ever encountered in the area. Zhu Weilin, general manager for exploration at CNOOC, said in a statement the prospect has "fairly good economics in exploration and development." The prospect is located northeast of Bohai Bay, which is estimated to hold as much as 146 billion...
  • China: Two Incidents Open Pandora’s Box – Analysis

    05/25/2012 6:46:07 AM PDT · by TigerLikesRooster · 2 replies
    Eurasia View ^ | 05/22/12 | Bhaskar Roy
    China: Two Incidents Open Pandora’s Box – Analysis May 22, 2012 By Bhaskar Roy Two incidents, one regarding Chongqing Party Secretary Bo Xilai, and the other involving a blind human rights activist and self-taught lawyer Chen Guangchen, destroyed the myth that the Chinese system is a well oiled machine. Policy, individual, and bitter factional rivalries are kept sealed from the public to ensure the Party’s inviolability. This is the biggest political quake the country has experienced since the 1989 Tiananmen Square incident. The new age of social communication, the internet, has also damaged the Party’s secrecy. Even people inside the...
  • Analysis: Greeks not alone in bank savings exodus

    05/25/2012 6:36:05 AM PDT · by Kartographer · 9 replies
    Reuters via Yahoo News ^ | 5/25/12 | Steve Slater and George Georgiopoulos
    Worries about a run on Greek banks have rattled Athens this week, after savers withdrew at least 700 million euros on Monday alone, according to minutes of Papoulias's comments to political leaders posted on the presidency's website. It is not only Greeks who are worried about their savings. Data shows depositors have also taken flight from banks in Belgium, France and Italy. And on Thursday, Spain's Bankia was reported to have seen more than 1 billion euros drained by its customers in the past week. Greeks are afraid they could be hit by rapid devaluation if the country leaves the...
  • Exclusive: China leadership rules Bo case isolated, limits purge: sources(truce?)

    05/25/2012 6:33:25 AM PDT · by TigerLikesRooster · 8 replies
    Reuters ^ | 05/25/12 | Benjamin Kang Lim and Chris Buckley
    Exclusive: China leadership rules Bo case isolated, limits purge: sources By Benjamin Kang Lim and Chris Buckley BEIJING | Fri May 25, 2012 2:07am EDT (Reuters) - Chinese President Hu Jintao has demanded senior Communist Party officials stifle tensions over the ousting of ambitious politician Bo Xilai and show unity as they prepare for a change of leadership, sources briefed on recent meetings said. Hu urged the party to close ranks at a meeting of about 200 officials early this month at a Beijing hotel, declaring the downfall of Bo - China's biggest political scandal in two decades - to...
  • Ukraine Speaker Urges New Elections after Brawl(real fistfights over Russian language)

    05/25/2012 6:25:32 AM PDT · by TigerLikesRooster · 9 replies
    Naharnet ^ | 05/25/12
    Ukraine Speaker Urges New Elections after Brawl The speaker of Ukraine's parliament on Friday called for the chamber to be disbanded and early elections held after deputies got into an ugly brawl over a proposed new language law. Members of President Viktor Yanukovych's party came to blows on Thursday with lawmakers who opposed legislation expanding the use of the Russian language in courts and hospitals in the country's eastern regions that have close ties to Moscow. Yanukovych's Regions Party relies on the industrial east for support and has promoted the law ahead of legislative elections scheduled for the end of...
  • Senate to cut $33 million from Pakistan aid in retaliation for jailing bin Laden source

    05/25/2012 5:49:36 AM PDT · by SeekAndFind · 21 replies
    American Thinker ^ | 05/25/2012 | Rick Moran
    A doctor who assisted the US in finding Osama bin Laden hiding in Pakistan has been convicted of treason and sentenced to 33 years in prison. In retaliation, a rare bi-partisan show of unity ensued in the senate as angry members of the Appropriations Committee unanimously voted to slash $33 million from US aid to Pakistan - a million dollars for each year of the doctor's sentence. Reuters: U.S. senators scandalized by Pakistan's jailing of a doctor for helping the CIA find Osama bin Laden voted on Thursday to cut aid to Islamabad by $33 million -- one million for...
  • LEGO Gun Book Causes Online Tizzy

    05/25/2012 5:25:29 AM PDT · by marktwain · 24 replies
    Ammoland ^ | 23 May, 2012 | NRA-ILA
    Charlotte, NC --( Parents preoccupied with creating a conflict-free Utopia for their kids would seem to have little to fear from a Danish toy maker, an ingenious and enterprising British youth, and a small San Francisco publishing company. Yet this trio causes much handwringing in the May 16th edition of “The Mommy Files,” ( ) an online parenting blog published by the San Francisco Chronicle. The source of the anxiety is LEGO Heavy Weapons, a guide to building toy guns out of LEGOs. The author is Jack Streat, a 17-year-old resident of the United Kingdom, and the book is...
  • Obama's Land of the LOST

    05/24/2012 9:39:45 PM PDT · by Kaslin · 22 replies ^ | May 25, 2012 | Michelle Malkin
    What's green and blue and grabby all over? President Obama's new pressure campaign for Congress to ratify the Law of the Sea Treaty (LOST). The fight over LOST goes back three decades, when it was first rejected by President Ronald Reagan. He warned that "no national interest of the United States could justify handing sovereign control of two-thirds of the Earth's surface over to the Third World." According to top Reagan officials William Clark and Ed Meese, their boss believed the "central, and abiding, defect" was "its effort to promote global government at the expense of sovereign nation states --...
  • Heroes of WW II are tough to forget

    05/25/2012 5:12:30 AM PDT · by pietraynor · 6 replies
    Lowell Sun ^ | 5/25/2012 | Peter Lucas
    George Voinovich died the other day. He was 96 years old. I did not know him, but I felt as though I did. That's because I spent a lot of time with men like him, men who served in the now-honored OSS (Office of Strategic Services) during World War II, when I interviewed them during the four years I spent researching and writing my book The OSS in World War II Albania. The OSS was the wartime forerunner of the CIA. The historic action I wrote about took place behind the enemy lines in the rugged mountains of Albania when...