While America's President shrinks from facing the demographic catastrophe lurking a decade or two down the road for Social Security, Medicare, and public pensions, there is evidence in Germany that such a debacle might be avoided — and a glimmer of hope in France. Last year French President Nicolas Sarkozy raised the retirement age in his country from 60 to 62 — for which he endured weeks of demonstrations and a lessening of his popularity.
Italian authorities vowed a few days ago to send home more than a thousand Africans who invaded the isle of Lampedusa after leaving Tunisia and Libya to seek fortune in Europe. The latest pronouncement from Italy, London's Telegraph reported, came after the detained illegal aliens set fire to the facility in which they were housed.
The government of Uganda and the“carbon credits” firm New Forests Company — accredited by the United Nations and largely financed by the World Bank and the European Union — are under intense public pressure after evidence emerged that over 20,000 poor Ugandan farmers were brutally evicted from their lands in order for the U.K.-based company to plant trees. The atrocities, publicized in a September 22 report by the non-profit aid group Oxfam, have made headlines around the world.
The announcement by Kaspar Villiger (left), Board Chairman of UBS (Union Bank of Switzerland), that CEO Oswald Grübel had resigned on Saturday caught many by surprise, partly because just the day before he had said he had the board’s complete support. According to Villiger, “The Board regrets Oswald Grübel’s decision. Oswald Grübel feels that it is his duty to assume responsibility for the recent unauthorized trading incident.” He added:
The United Nations is preparing for what is sure to be a contentious showdown, as on September 23 the Palestinians sought recognition from the world body as an independent state.
Fox News reports:
Since France passed legislation earlier this year banning the Islamic burqas, or face-veils, from its streets, the law has engendered a wave of protest. Now, in a show of opposition against the ban, an Islamic Frenchwoman, Kenza Drider, has decided to launch a bid for the French presidency. “When a woman wants to maintain her freedom, she must be bold,” she asserted.
Authorities in the United Kingdom have arrested seven suspects in connection with a terror plot. British intelligence raided more than a dozen homes and collared six men and a woman between midnight and about 7 a.m. Monday, according to news reports. They are connected, the New York Times reported, to “Islamic militancy,” which describes yet another plot by “British citizens” who are really "Asians" or of another nationality. Typically, those words are media code for Muslims.
The sovereign debt woes of the European Union are nearing a critical stage. Greece's short-term bonds have recently shot to 60 percent, indicating an extremely high probability that the ancient country will default. Though Portugal and Spain, two of the other “PIIGS” member-states in the EU, are temporarily off the radar screen, neither has solved its fundamental debt problems.
High-ranking officials across Mexico including the Attorney General are reportedly demanding answers from the U.S. government about its secret program that sent high-powered weaponry across the border to drug cartels, saying the Obama administration’s explanations so far are inadequate. The Mexican public is outraged as well.
Swiss bank UBS trader Kweku Adoboli (left) was arrested early Thursday morning and charged with two counts of false accounting and one count of “suspicion of fraud by abuse of position.” His position was director of the Delta One trading desk at UBS in London, where he had worked as a trader for the past three years and as a technical advisor for two years before that.