Iran Halts Oil Shipments to Europe

TEHRAN, Iran — Iran has halted oil shipments to Britain and France, the Oil Ministry said Sunday, in an apparent pre-emptive blow against the European Union after the bloc imposed sanctions on Iran’s crucial fuel exports. The EU imposed tough sanctions against Iran last month, which included a freeze of the country’s central bank assets […]

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Iceland Proves U.S. Got It Wrong

Iceland is in a true recovery, the their bond rating was raised in a world where everyone’s is being down graded. They let their banks fail and let losses be recognized by those who made the bad bets. They didn’t saddle their citizens with billions (trillions being the U.S. equivalent) of losses. They let capitalism […]

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Former Al Qaeda leader Osama bin Laden

Report: Iran Funding, Sheltering Al Qaeda

Iran and the core leadership of the al Qaeda terror group, under Ayman al Zawahiri, have established an “operational relationship”, the British Sky News reported on Wednesday. According to the report, there are concerns that the terror group is planning an attack, possibly targeting Europe, in revenge for the killing of former al Qaeda leader […]

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Eurozone

Eurozone: A Bad Situation Getting Worse

At this point in the Eurozone crisis, the only responsible thing for European leaders to do is to develop contingency plans that will minimize the economic fallout in Europe when—not if—Greece defaults. Economic figures released today for the fourth quarter of 2011 paint a bleak picture for the already embattled Eurozone. Italy and the Netherlands, […]

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