Item: The New York Times for August 26 reported that Chinese defense officials had “denounced” a Pentagon “report that called China’s military buildup ‘potentially destabilizing.’” The paper cited a Chinese Defense Ministry spokesman saying, “The report does not hold water as it severely distorted the facts.” The spokesman added: “China unswervingly adheres to the path of peaceful development, and its national defense policy is defensive in nature.”

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: 

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