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“Italy confirmed it held talks with Chinese officials amid speculation Rome is looking to persuade Beijing to buy its bonds or invest in its companies, while premier Silvio Berlusconi flew to Brussels Tuesday to discuss the market turmoil.” While Berlusconi met with the EU President about Italy’s debt, his government was apparently seeking bailout help from...
With the financial crisis weighing heavily on Greece, creditor nations are now discussing the issue of obtaining collateral for money they loan Greece—in the event that Greece proves unable to pay back any loans. Such collateral could include Greek real estate or shares in state assets such as utility companies.
Last week in Berlin, former German chancellor Gerhard Schroeder called for the creation of a “United States of Europe… to avoid future economic crises,” declaring “we will have to give up national sovereignty” to a common government (Reuters.com, September 4, 2011). This conviction is being voiced around the world.
In an article in the UK’s Guardian, author Damian Carrington reviewed recently published research by three Cornell University faculty members suggesting that when food prices reach a specific level, riots and civil unrest are more likely to occur.
Sheikh Adel Shehato was imprisoned in Egypt in 1991 and released following the Egyptian uprising earlier this year. He is a senior official in the Egyptian Jihad and his fame and influence are growing in Egypt. In a recent interview, he shared his extremist views about Christianity. When asked whether he was against blowing up churches, the sheikh responded...
Hurricane Irene plowed a destructive path up the east coast of the United States and into Canada last weekend, causing billions of dollars in damage and leaving millions without power. Although the storm was a “low” category hurricane, it was large and moved through some of the most densely populated areas of the nation—potentially impacting more than 65...
“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...