Is China Headed Toward Collapse?
The conventional wisdom in Washington and in most of the rest of the world is that the roaring Chinese economy is going to pull the global economy out of recession and back into growth. It’s China’s turn, the theory goes, as American consumers — who propelled the last global boom with their borrowing and spending […]
Muslim Hajjis Cry ‘Death to America! and ‘Death to Israel!’ at Annual Pilgrimage
Tens of thousands of Muslims chanted “Death to America” and “Death to Israel” at the annual Hajj pilgrimage, which the Ayatollah of Iran called “a symbol of spirituality.” The Arab Ahlul Bayt News Agency reported, “The pilgrims chanted anti-US and anti-Zionist slogans during the ceremony, also attended by the Supreme Leader’s representative for Hajj affairs, […]
Bond Market Defies Fed
Bucking the Federal Reserve’s efforts to push interest rates lower, investors are selling off U.S. government debt, driving rates in many cases to their highest levels in more than three months. The Fed’s $600 billion program to buy Treasury bonds began late last week and is kicking into high gear this week, with the central […]
Euro Under Siege as now Portugal Hits Panic Button
The euro is facing an unprecedented crisis after another country indicated on Monday night that it was at a “high risk” of requiring an international bail-out. Portugal became the latest European nation to admit it was on the brink of seeking help from Brussels after Ireland confirmed it had begun preliminary talks over its debt […]
Immigration: European Coalitions Tired of Uncontrolled Immigration
In the first of a series on the politics of immigration in Europe, Ian Traynor reveals how mainstream leftist European parties appear paralysed by populism, unable to halt the rise of the far right. Europe’s mainstream political parties are engaged in a worsening feud over how to deal with the growing power of the right […]
Quantitative Easing – A Threat to the Recovery
The latest move by Ben Bernanke and his Federal Reserve is rubbing a lot of people the wrong way. Bernanke plans to inject more liquidity into US markets in the latest round of quantitative easing, which is being dubbed QE2 (we’ll get to what it actually means in a minute). While there has been a […]
Brazil’s President: World Headed for ‘Bankruptcy’
A strong sense of pessimism shrouded the start of an economic summit of rich and emerging economies Thursday, with President Barack Obama and fellow world leaders arriving in Seoul sharply divided over currency and trade policies. The Group of 20 summit, held for the first time in Asia, has become the centerpiece of international efforts […]
Donald Trump: China Will ‘Destroy’ Our Country
Los Angeles- Trump: “China Will ‘Destroy’ Our Country”, Billionaire Donald Trump react to President Obama saying U.S shouldn’t contain China. [youtube TbUDfIzqpwU nolink]
Hundreds of UK Lives Saved by Waterboarding
British lives were saved by the use of information obtained from terrorist suspects by “waterboarding”, according to former US President George W Bush. In his memoir, he said the simulated drowning technique had helped to break plots to attack Heathrow Airport and Canary Wharf in London. Mr Bush’s memoir, Decision Points, is being serialised in […]
Michelle Obama Wears Islamic Headscarf at Indonesian Mosque
Michelle Obama managed to show respect to her Muslim hosts when she visited a mosque on her tour of Indonesia wearing Islamic head dress. The First Lady covered her hair with a beige animal-print scarf as she toured Jakarta’s Istiqlal Mosque, the largest in southeast Asia. Along the way, the mosque’s imam showed them a […]
Obama Lied to Declare a Drilling Moratorium in the Gulf
The Obama run White House secretly rewrote crucial sections of an Interior Department report to suggest an independent group of scientists and engineers supported a six-month ban on offshore oil drilling, the Interior inspector general says in a new report. In the wee hours of the morning of May 27, a staff member to White […]
