As tensions increase as a result of the March 26 sinking of the South Korean warship Cheonan, presumably by a North Korean submarine, a White House press statement issued on May 24 said: “President Obama fully supports [South Korean] President Lee in his handling of the ROKS Cheonan incident and the objective investigation that followed.”
Pakistani officials on May 21 announced that they have arrested suspects in connection with the attempted May 1 car bombing in Times Square, New York City. It is not known when these arrests took place, but they came after two U.S. senior security officials had recently come to Pakistan.
AP reported a North Korean statement on May 20 asserting that South Korea fabricated evidence implicating the North in a torpedo attack that sank the South’s ROKS Cheonan on March 26 in order to provoke the North. The statement said any attempt by South Korea to retaliate for the warship's sinking would be answered with "all-out war."
The corruption of communism still haunts Russia. Contrary to much Marxist mythology, Russia under the Romanovs was not horrible. The Russian economy was growing at a faster rate than America or Germany and would have made the huge empire into the second largest economy in the world by 1930. This growth was not limited to natural resources and agricultural products, but industry and the highest levels of technological development.
Greece, a nation wrecked by very costly public employees unions, which has yet to earn the full confidence even of the other nations in the European Union, has discovered the real culprit behind its growing chaos: American banks. Prime Minister Papandreou, the socialist leader of this disintegrating nation, is frustrated by the ratings given to Greece by investment banks in America, which are indicating a high probability of default by the Mediterranean country.