Free Republic

When Australia decided to buy a fleet of new nuclear-powered attack submarines earlier this month, it sparked international outrage. China labelled it a “cold war, zero sum mentality”. France was enraged at being left out. The deal will cost Australia $100 billion, and hand UK and US technology to a fleet of attack submarines, the apex predators of naval warfare. But by the time they are delivered in 20 years’ time, these submarines could be obsolete. No one really knows how these submarines would perform in a conflict situation. It’s true that submarines have occasionally launched cruise missiles at land...

Here's a fascinating politics/energy/international relations story that's flying below the radar now, but feels as though it could get huge. The news starts with Uranium One (UUU), a Toronto-listed uranium miner, whose shares plunged 38% on news that the Kazakhstan government was probing whether certain Kazakh mines it owns were acquired illegally. Specifically, it's looking at potentially illegal asset sales by Mukhtar Dzhakishev, the former head of state-owned uranium miner Kazatomprom, who later sought favors from the man who sold the assets to, Frank Giustra, and Bill Clinton. Reuters: [O]ne deal in question was the sale of a 30 percent...