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Ireland is among the top third of European nations in per capita income. They have a debt ratio lower than that of France, Germany and the UK, but the Celtic Tiger sees major financial issues ahead. Ireland’s banking sector is now at a point where the government cannot bail it out.
A German news magazine, Der Spiegel, recently headlined an article: A Superpower in Decline; Is the American Dream Over? Photos in the article of abandoned American factories, lines of unemployed citizens seeking jobs, houses in foreclosure, and unfinished housing developments project a dreary picture of life in the United States. The article claimed that “...
In September, the United Nations called a special meeting to address the global rise in food prices. In July and August alone, worldwide food prices rose 5%. Droughts in Russia’s wheat growing region prompted a continuation of its ban on the export of wheat outside Russia. Simultaneously, lower corn yields in the U.S. led to a record-high trading price for...
Last week, Britain and France reached an historic defense pact. “‘Today we open a new chapter in a long history of cooperation on defense and security between Britain and France,’ Mr. Cameron said. Mr. Sarkozy said the agreements showed ‘a level of trust and confidence between our two nations which is unequalled in history.’”
Two weeks ago, the Vatican Synod of Bishops declared that the Israeli claim to the Holy Land and Jerusalem, as a God-given promise, was not biblically legitimate. Monsignor Bustros declared, “we Christians cannot speak of the ‘promised land’ as an exclusive right for a privileged Jewish people... There is no longer a chosen people.” The Anti-Defamation League...
The densely wooded area of Russia’s Arctic Circle is home to a large population of bears. “Last summer was Russia’s hottest on record, with raging forest fires and droughts wiping out woodland and crops, forcing the bears to forage closer and closer to human settlements….” Two weeks ago, bears entered the village of Verkhnyaya Chova and began eating partially...
Russia continues to expand its territory and influence into satellite states of the former Soviet Union. It now maintains four separate air bases within Tajikistan and is planning for a fifth. Negotiations are underway between the Russian and Tajik governments to allow Russia “an open military contract with Tajikistan giving the Russian military the ability to...
A recent London Times headline read, “Softly, softly a federal Europe draws nearer.” The Times article continued, “While British and US politics have dominated the headlines this year, the truly historic events have occurred in Europe… The EU has taken its most decisive step towards becoming a genuine unitary State, by shifting key policies on taxes and public...
As if the devastating January earthquake was not enough, displaced Haitian families living in tent cities now face a new threat—cholera—a disease that kills within 24-48 hours of contact if not aggressively treated with rehydration therapy. As of Thursday, more than 4,000 Haitians had been treated for cholera—a disease not seen in Haiti in 50 years. Two hundred...
This week a deadly tsunami and volcanic eruptions struck different parts of Indonesia within a 24-hour period. So far, more than 300 people have been killed, hundreds are missing and more than 40,000 people have been displaced.