Europe’s crisis took a dramatic turn for the worse with the sudden awareness, reflected by a steep increase in government bond yields, that the Italian economy may soon be on the financial chopping block alongside those of Greece, Portugal, and Ireland.
On June 23 the United States conducted an unmanned aerial drone attack in Somalia, killing at least one person and wounding others. The targets of the attack were members of the Somali militant group al-Shabaab, which for several years has been fighting the U.S.-backed Somali government. Recently, however, the group began “planning operations outside of Somalia,” a senior U.S. military official told the Washington Post.
Twenty months have passed since the citizens of Switzerland voted to amend their constitution and ban the future construction of Muslim minarets, but only in recent days has it become clear that the will of the Swiss people may be allowed to stand.
The notion that government can keep robbing Peter to pay Paul indefinitely was always unrealistic. The creation of “entitlements” did not happen in America under FDR, as many people think. Bismarck, the Iron Chancellor of militaristic Imperial Germany introduced old age pensions, workers compensation, and related state programs in an effort to placate German socialists, which were a major power in German politics.
Taliban forces are reportedly taking credit for the assassination of Ahmad Wali Karzai (left), Afghan President Hamid Karzai’s half-brother, who was shot in the head by the long-time chief of his own security detail on July 12.
Police are still investigating and said an internal dispute, not politics, could have been the motive. The BBC suggested rival criminals could have been to blame. But the Taliban resistance sent a message to Al Jazeera boasting of their role in the murder and warning all government officials to resign or be killed - anywhere at any time.
There is a theme to news stories about the PIGS (Portugal, Ireland, Greece, and Spain) in the last few years: Rosy projections always turn out worse than expected. So it's of little surprise that Reuters announced on July 11 that the recession in Greece is worse than the “experts” had predicted.
The Australian liquor industry, under an ostensibly voluntary arrangement, has announced that it will carry health warnings on its bottles such as, “Drinking can harm yourself and others.”
Of course, many recall that warning labels told Americans 40 years ago that cigarettes (commonly known decades before as “cancer sticks”) could be hazardous to their health.
Europe’s slow-motion economic collapse continues apace as Eurozone governments and banks continue to wring their hands over what to do to postpone the inevitable Greek default. And now there’s a new wrinkle: Italy, whose level of sovereign indebtedness relative to GDP is second only to that of Greece, has suddenly appeared on investors’ radar screens. If Italy — the second largest economy in the Eurozone — goes the way of Greece, Ireland, and Portugal, there will not be enough money in Europe’s rapidly-dwindling rescue fund (the European Financial Stability Facility or EFSF) to effect a bailout.
Pills found on board a 2nd century B.C. shipwreck were packed with crushed carrots, parsley, onions, alfalfa, and other vegetable matter, conforming to the recipes contained in ancient medical treatises.
Archeologists are hoping to piece together from ancient remains the history of one of the Bible's great antagonists: Goliath. Most of the excavating has taken place at the remains of what the team believes is the Philistine city of Gath, Goliath's hometown, where scholars are hoping to garner a better understanding of these fierce biblical enemies of the Israelites.