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South Korea DMVOne day after Russia said it was going to step up its military surveillance around North Korea in response to North Korea’s recent nuclear test explosion and short-range missile tests, U.S. and South Korean forces also increased their level of watchfulness. CNN reported on May 28 that this puts U.S. and South Korean forces at their second-highest “Watchcon” alert level, a level that was last used when North Korea exploded a nuclear test device in 2006.

victor boutThe Russian parliament and media refer to him merely as a “Russian businessman.” But to much of the rest of the world, Viktor Bout is known as the “Merchant of Death,” the most notorious member of the dark fraternity of global weapons traffickers who arm terrorist organizations, as well as the tyrannical regimes and brutal warlords and militias responsible for horrendous genocidal slaughters over the past two decades.

EU flagEuropean Union regulators may get the power to overrule national banking authorities under plans to tighten banking supervision that are aimed at avoiding a repeat of mistakes that led to the credit crisis,” the New York Times noted on May 27 in “European Union Looks to Tighten Banking Supervision.” The proposals “call for new European supervisors to have the right to step in and settle disputes if national regulators cannot agree on the oversight of multinational financial institutions.”

North Korea agitpropNorth Korea’s belligerence has now extended to restarting its main nuclear reactor, declaring itself no longer bound by the 1953 Korean War armistice, and threatening to attack South Korea if it participates in U.S. efforts to inspect North Korean ships that may be carrying missiles.

South Korea - Nuclear“One day after its nuclear test drew angry and widespread condemnation, North Korea continued to defy the international community on Tuesday by test-firing two more short-range missiles, a South Korean government official said,” the New York Times reported on May 26. The BBC pointed out on the same day that South Korea’s Yonhap news agency “said the test involved one ground-to-ship missile and one ground-to-air missile.”

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