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“As its sovereign-debt crisis nears a third year and rescue efforts fail to stop the rot in financial markets, economists from Pacific Investment Management Co.’s Mohamed El-Erian to Harvard’s Martin Feldstein say ensuring the euro’s existence may require members to leave the 17-nation currency region. The result would be what El-Erian, Pimco’s Newport Beach,...
New York mayor Michael Bloomberg recently banned religious observance and prayer at the tenth-anniversary memorial ceremony of the 9/11 attack on the World Trade Center. The decision has drawn some harsh comments.
Recent archaeological findings near the ancient Philistine city of Gath have unearthed evidence of fighting around this town known in the Bible as the home of Goliath. “Diggers at Gath have also uncovered traces of a destruction of the city in the 9th century B.C., including a ditch and embankment built around the city by a besieging army—still visible as a...
Vanderbilt University in Tennessee has added Wiccan and pagan holidays to its annual academic calendar. The university calendar informs faculty and students what days qualify for excused absences. This calendar recognizes Christian holidays, Jewish holidays, Muslim holidays—and now Wiccan/pagan holidays. Wicca is an officially recognized “religion” in the...
In 2007, the cover article of Tomorrow’s World magazine asked the question Resurgent Germany: A Fourth Reich? (see September-October issue). Last week, London’s Daily Mail ran an article entitled, “Rise of the Fourth Reich, how Germany is using the financial crisis to conquer Europe.”
Three weeks ago, “A balloon-festooned barge bearing the standards of the service branches sponsored by the Defense Ministry sailed among about 80 other floats, with music blaring from most of them and dancers dressed in flamboyant costumes—or very little….” The parade in Amsterdam “capped a weeklong festival of around 300 parties and events. It included the...
“A car bomb in the southern Philippines killed one person and wounded seven Monday in an attack targeting a governor who took office after many of his relatives were slain in the country’s worst political massacre in 2009.” Among the suspects in the 2009 massacre are a “powerful family patriarch and former governor, Andal Ampatuan Sr., and a number of his sons...
In a potentially significant sequence of events, “Arab states will be chairing the United Nations Security Council and General Assembly in September as the Palestinian Authority makes its statehood bid. Lebanon is slated to preside over the Security Council in September while Qatar will head the General Assembly.”
A highly successful German businessman, Hans-Olaf Henkel, recently called for the eurozone to split in two. The monetarily strong “northern zone” would comprise Germany, Austria, the Benelux nations, Finland, and possibly Ireland.
The Associated Press recently announced, “Hundreds of thousands of Somali children could die in East Africa’s famine unless more help arrives, a top U.S.