Speculation over a potential Israeli attack on Iran has circulated via media reports and governmental agencies, and was heightened following the release of an IAEA report this week that portrayed Iran as a major nuclear threat. According to a United Kingdom foreign official, an attack on Iran by Israel could take place as early as next month.

As the debt crisis in Italy and other European Union countries spirals out of control, reports said the French and German governments have started early discussions on a possible collapse of the single currency. Publicly, however, EU bosses are denying problems and demanding more “integration.”

More than 100,000 Britons have eagerly signed an e-petition on the government’s website that says immigration to the sceptr’d isle must stop before the population reaches 70 million.

And those 100,000, London's Daily Mail reported, signed the petition in less than a week.

With yields on Italy’s 10-year government debt rising sharply higher and beyond the seven-percent ceiling deemed unsustainable, Italy is running out of options in finding buyers for its debt. It is also running out of options as a sovereign nation.

The downward spiral of the Greek economy — and now likely that of Italy — has led to calls for the European Union to step in and prevent a total collapse. Portugal, Ireland, and Spain — the other three of the so-called PIIGS EU member-states — are enduring their own woes, such as downgrades of sovereign debt and corresponding jumps in the interest rates on government bonds. The cumulative effect — particularly if Italy does suffer a crisis serious enough to reduce its national credit rating to junk-bond status — will ripple throughout Europe and across the Atlantic.

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