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A recent article highlighted how much of the U.S. debt is held by foreign creditors (approximately 30%). China and Japan combined hold about 40% of the foreign-owned debt. Other creditors include the UK, Russia, Canada, Hong Kong, and many oil-exporting nations in the Middle East.
In what some are calling a “landmark decision,” two UK High Court judges recently ruled that a couple could not serve as foster parents because they believe homosexuality is a sin. The case was brought by a social worker who was worried when the couple would not condone homosexuality. Mrs. Johns, one of the potential foster parents, commented for herself and her...
Last week, a 9.0 earthquake struck Japan, the strongest quake recorded to hit Japan. The quake destroyed structures on Japan’s north-east coast and damaged a nuclear power plant that is now releasing radiation. The quake generated a 30 foot-high tsunami that devastated coastal villages. As the tsunami sped west, it also impacted islands in the Pacific and...
Economists predict that unless there is an unusually large wheat harvest this year, world wheat prices will experience “wild price swings” over the next year. According to Keith Collins, former chief economist for the U.S. Department of Agriculture, “The stage is set for very serious disruptions, should weather disasters happen… It seems clear to me that the...
In a recent interview with the EU Observer, the Syrian ambassador to the EU made some very poignant and sobering comments. The ambassador, Mr. Mohamad Ayman Soussan, pointed out that the tide of civil unrest currently moving through the Middle East is due to the Arab-Israeli conflict and not other causes. He commented, “Our European friends have a responsibility...
The Mediterranean Union (UfM), first started with the major support of President Sarkozy of France, is now receiving renewed support by France and Germany. France’s new Foreign Minister, Alain Juppé, has called for the reinvigoration of the UfM as “more necessary than ever.” Angela Merkel of Germany, who initially criticized the UfM’s creation back in 2007,...
A recently published study in the online journal PLoS Medicine revealed startling findings about the AIDS epidemic in Zimbabwe. In recent years, “HIV prevalence has declined in Zimbabwe by approximately 50%.” HIV is the virus that causes AIDS. The primary reason it has declined is not condom use, as many public health experts appear to wish, but rather fewer...
Professing Christian students on the University of California Davis (UC Davis) campus have been faced with a unique challenge. The school’s recent policy statement on religious discrimination clearly indicated that only those in “minority religious groups” can experience religious discrimination.
Karl-Theodor zu Guttenberg, Germany’s Defense Minister, resigned Tuesday amid pressures related to plagiarism in his doctoral dissertation. Apparently, more than 20% of his dissertation was copied without attribution. Mr. zu Guttenberg was one politician whom many Germans still trusted. The scandal has changed that view for many.
On February 22, a magnitude 6.3 quake struck the densely populated city of Christchurch, on the south island. The quake hit this city of 350,000 people at 1 p.m. in the middle of a business day, and was the second major quake in five months.