The four European Union members known together as PIGS (Portugal, Ireland, Greece, and Spain) are those countries whose general irresponsibility and massive government overspending has been enough to drive down the value of the euro as the interest rates on their government bonds are pushed to unsustainable levels. Last year the financial collapses in these countries, especially Greece, caused the euro to plummet 15 percent in just the first six months of the year.
Reputed terrorist mastermind and former U.S. government ally Osama bin Laden has been killed by a military operation in Pakistan, President Barack Obama and other American officials claimed on the night of May 1. Bin Laden’s body was subsequently dumped at sea, according to news reports. But not everybody is convinced that officials are telling the truth.
As early as January of 2005, high-ranking officials were discussing the best way to sell the idea of North American “integration” to the public and policymakers while getting around national constitutions. The prospect of creating a monetary unit to replace national currencies was a hot topic as well.
A high-ranking Mexican drug-cartel operative extradited to the United States claimed in a recent court filing that he was actually trafficking tons of cocaine on behalf of the American federal government, prompting a media frenzy in Latin America but almost no coverage in the U.S. press.