US debt crisis ‘bigger than you think’
What is the real cost of the U.S. government’s nearly $16 trillion debt? “The debt crisis is likely bigger than you think,” a new report issued last week by Deloitte, one of the world’s largest accounting...
Category: Oil
Egyptian status quo ends for Israelis, Palestinians
(Reuters) – Far apart on so many issues, Israeli Prime Minister Benjamin Netanyahu and Palestinian President Mahmoud Abbas almost certainly see eye to eye on the Egyptian presidential election. Both would like Ahmed Shafiq,...
Tokyo Hits 28-Year Low Amid Global Rout
The Tokyo market slumped to a 28-year low on Monday as Asian shares dived on fears of a nightmare scenario of euro-zone breakup, U.S. economic relapse and a sharp slowdown in China. Investors hedged...
Global Leaders Are `Losing Control’
(multimedia) June 1 (Bloomberg) — PIMCO’s Mohamed El-Erian talks about the May jobs report the global economy and the “fiscal cliff.” He speaks on Bloomberg Television’s “In the Loop.” (Source: Bloomberg) June 1 (Bloomberg) —...
Israel gas finds launch navy into troubled waters
(Reuters) – When Israeli economists contemplate their country’s untapped natural gas finds far out in the Mediterranean, they dream of energy independence and lucrative export deals. Those charged with Israel’s defense, however, worry that...
Eurozone downturn ‘accelerating’
Activity at European businesses hit a near three-year low in May, according to a survey by Markit. Its index, based on a survey of purchasing managers in the manufacturing and service sector, fell to...
Mexico’s Zetas rewrite drug war in blood
(Reuters) – Mexican government forces had bottled up a band of enemy fighters in this tiny village late last year, but feared they would escape into the dusty, rock-strewn hills. So more than 600...
Iran and world powers meet hoping to silence ‘drums of war’
Iran and six world powers are meeting in Baghdad hoping to silence what President Barack Obama called the “drums of war”, as Britain said that it was examining its options should war break out...
PROFESSIONAL DEMONSTRATORS SHOW UP FOR NATO SUMMIT WEEKEND
NATO weekend is officially here. Busloads of Occupiers, anarchists, communists, and other radicals have been arriving for the past few days in Chicago. Events and “actions” began on Monday this week with 8 arrests...
NATO invites Pakistan to Chicago summit
(Reuters) – NATO said on Tuesday it had invited Pakistan to a summit in Chicago next week, lifting a veiled threat that it might exclude the country from the talks on the future of Afghanistan....
