China, Iran’s Biggest Oil Customer, Gets Last-Minute Sanctions Exemption From Obama

(CNSNews.com) – In an announcement largely overshadowed by the Supreme Court ruling on Obamacare, Secretary of State Hillary Clinton said Thursday the administration was exempting China from imminent sanctions relating to Iran’s oil trade — on the grounds, she said, that it had significantly reduced imports of Iranian oil. China’s imports of Iranian oil did […]

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IMF To Palestinian Authority: Loan Request Denied; PA Hates Israel Despite Needing Its Financial Support

The International Monetary Fund (IMF) on Monday denied a Palestinian Authority request for a $100 million bridging loan via Israel. Palestinian Authority Prime Minister Salam Fayyad approached Bank of Israel Governor Stanley Fischer in search of Israeli assistance with obtaining the loan earlier this year. Israeli assistance in seeking the loan – approved by Prime […]

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If Greece Drops Euro, Shock Waves Will Hit U.S

NEW YORK (AP) — The unthinkable suddenly looks possible. Bankers, governments and investors are preparing for Greece to stop using the euro as its currency, a move that could spread turmoil throughout the global financial system. The worst case envisions governments defaulting on their debts, a run on European banks and a worldwide credit crunch […]

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Missile Defense Protection Against Iran Far Outweighs Objections from Russia or China

As the Obama Administration continues to pursue what can at best be described as a tepid commitment to missile defense, it nonetheless continues to draw condemnation from Russian and Chinese officials who describe U.S. and NATO plans to enhance missile defense capabilities throughout Europe as “destabilizing.” All the while, Russia is testing a new long-range […]

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Germany Cracking Down on Muslims

Police in Germany raided scores of homes, mosques and meeting halls across the country on Thursday as part of a major national crackdown on radical Islamist in the Country. BERLIN – Police in Germany raided scores of homes, mosques and meeting halls across the country on Thursday as part of a major national crackdown on […]

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