The U.S. dollar will continue weakening, and investors may borrow it to invest in higher-yielding assets, says Peter Schiff, president of Euro Pacific Capital. “I don’t know when (the dollar) is going to strengthen,” Schiff told CNBC. “The dollar isn’t the new yen, it’s unfortunately the new peso.” A weak dollar and low U.S. interest […]
Boston University economics professor Laurence Kotlikoff says the government “is going broke.” In a Federal Reserve Bank of St. Louis Review article, he points out that bankruptcy is usually defined as an inability to pay interest on current debt, with no prospect of being able to pay without changes in circumstances. In assessing whether the […]
President Barack Obama faces the sternest test of his international leadership this week when he attends the United Nations and chairs a G20 summit, amid growing doubts about his grandiose vision for US foreign policy. When he addresses the 64th UN General Assembly, which opens tomorrow, Mr Obama will tell his global audience that “everybody […]
DENVER – The FBI arrested a 24-year-old Colorado man on charges of making false statements to federal agents in an ongoing terror investigation, and supporting documents contend the man admitted receiving weapons and explosives training from al-Qaida in Pakistan. Najibullah Zazi of the Denver suburb of Aurora was arrested late Saturday after undergoing three days […]
“Betrayal! The U.S. sold us to Russia and stabbed us in the back,” the Polish tabloid Fakt declared on its front page, while the Czech paper Mlada Fronta Dnes declared, “No Radar. Russia won.” President Obama is feeling heat from some quarters after deciding to drop the Bush administration’s missile defense plans in Eastern Europe. […]
The urgency of dealing with the Iranian nuclear threat was underscored today when a leaked report revealed that the UN inspection agency believes the Islamic republic has “sufficient information” to make a nuclear weapon and has “probably tested” a key component. A day after Barack Obama scrapped plans to deploy missile defence technology in eastern […]
Dr. Emanual Tanay is a well known and well respected psychiatrist. A German’s point of view on Islam A man whose family was German aristocracy prior to World War II owned a number of large industries and estates. When asked how many German people were true Nazis, the answer he gave can guide our attitude […]
The Wall Street Journal reported that the US is to shelve the plan, which was first mooted by the Bush administration and has been a source of friction with Russia ever since. The move would be a cause of celebration in Moscow but of real concern to Eastern European countries which have looked to Washington […]
Sept. 18 (Bloomberg) — Tens of thousands of Iranian opposition supporters protested the re-election of President Mahmoud Ahmadinejad as he again attacked Israel at the annual state-organized Quds Day rally honoring the Palestinian cause. Rally participants marched toward downtown Tehran, converging on Enghelab Avenue, near the site of the capital’s weekly Friday prayers where Ahmadinejad […]
Barack Obama’s decision to scrap Bush-era plans for a missile defence shield on Thursday triggered dismay in central Europe and among Republicans on Capitol Hill, amid claims that it amounted to a major security concession to Russia. Unveiling one of the biggest reversals on national security since coming to office, the US president said that […]
