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With the ongoing debt crisis in Europe, the specter of an EU break-up looms ominously over the continent. Many nations now see the negative repercussions of such a breakup and are calling for action to prevent it. This week Poland’s Foreign Affairs Minister made a sobering appeal from Berlin: “I will probably be the first Polish foreign minister in history to...
Plunging European real estate values have China eyeing future infrastructure purchases. Despite European nations being loath to sell their infrastructure to China (e.g., railroads, power companies, and factories), Chinese investors are circling and waiting for prices to “hit bottom.” China’s Minister of Commerce made the following statement this week: “Next...
For years, scientists have warned about the growing strength and drug resistance of bacteria. In Europe, nations are reporting drug resistance of up to 50% with some bacterial infections. This means that antibiotics used to treat certain bacterial infections are failing half of the time. Experts cite overprescribing and misuse as major reasons that...
As the European financial crisis continues, rhetoric becomes more pointed and possibilities become more interesting. A German news source, Der Spiegel, recently proclaimed, “The old EU is Finished.” The author went on to summarize an interview with Joschka Fischer, former German foreign minister. Mr. Fischer “wants to see a resolute political body consisting...
The once close relationship between Syria and Turkey has rapidly deteriorated due to Syria’s continued violence toward its own protesting citizens. This week, “Turkey… suspended its joint oil exploration projects with Damascus and threatened to cut off electricity supplies to its neighbor in response to the continued violent suppression of Syria’s popular...
For some time, Catholics Come Home advertisements have aired in select media markets around the U.S. An ad campaign in Phoenix, Arizona in 2008 resulted in more than 3,000 people returning to the Catholic church, according to a spokesperson from the Diocese of Phoenix. Now, the church is poised to blanket the U.S. with 400 ads in more than 10,000 cities across...
The crisis in Europe has generated a myriad of opinions about its ultimate outcome. Some suggest a long and protracted period of crisis management. Others see a sleeker version of a two-speed Europe (The Economist, November 10, 2011). Some think Germany should leave the EU and take its friends with it (The Telegraph, November 16, 2011). Some are calling for a...
Three months of flooding across the nation has left more than 500 dead and one-quarter of Thailand’s 76 provinces still feeling the effects of flood waters. For three weeks, much of the nation’s capital, Bangkok, has been submerged under waist-deep water. The sad part is that the water has nowhere to go and is predicted to remain for several more weeks.
Currently, the Australian dollar is relatively strong on the world currency markets. However, Australia’s increasing reliance on exports to China concerns some experts. In recent years, Chinese companies have been hoarding metals—especially copper—to use as collateral. With the slumping value of copper, Australian exports to China are predicted to drop...
Saturday, November 5, Oklahoma was hit by the largest earthquake on record in the state—a quake of 5.6 magnitude. While the quake did little damage, it scared many people who are used to tornados, but not earthquakes. The quake was felt as far away as Washington, DC, and South Carolina—1,000 miles away (Reuters, November 6, 2011).