The financial crisis in Europe, which paralyzed Iceland, which sent Greece into a spiral of angry confrontations with public employees unions, which is tottering Portugal and Spain, and which now is shaking Ireland, has produced a collapse of the government. A $100 billion bailout from the European Union — equal to almost $25,000 per person in the Republic of Ireland — is the catalyst for the collapse of the government. Moody’s has lowered the rating on Irish debt, meaning that the interest required to pay this government debt will rise.
North Korea bombarded a South Korean island with a barrage of as many as 170 shells in the early morning hours of November 23. “I believe we should punish them severely to a point where they will never think of another attack,” the South Korean-based newspaper Chosunilbo quoted South Korean President Lee Myung-bak as responding in a Joint Chiefs of Staff meeting after the attack. Lee's remarks were more restrained on his official presidential website, where he pledged to “retaliate against any additional acts of provocation in a resolute manner.”
At its meeting in Mexico in December, the members of the United Nations General Assembly will vote on an initiative sponsored by the Organization of Islamic Conference (OIC) entitled the “Elimination of all forms of intolerance and of discrimination based on religion or belief (document A/C.3/65/L.32/Rev.1).”
Even as the illegal immigration crisis continues and more states (including Texas) are considering Arizona-style legislation to counteract federal indifference to the influx across the United States’ southern border, a report just released provides new insights regarding the lawlessness which reigns in Mexico.
The United Nations, an organization whose first Secretary General was Alger Hiss, a Soviet spy embedded in the federal government, almost never even appears to solve any of the problems with which it is tasked. Notorious examples, such as the “Oil for Food" program, have received broad attention. The Iraqi people were not helped at all by the U.N. — with its corrupt, power-hunger, self-important functionaries wearing the mask of compassionate concern.
Assertions made by climate-change skeptics that there are ulterior motives behind climate-change legislation were confirmed by a leading member of the United Nations Intergovernmental Panel on Climate Change (IPCC).
The foreign policy bait-and-switch continues. First, President Barack Obama declared the end of combat in Iraq, withdrawing some U.S. troops but leaving many others behind, possibly for decades, and redefining their role as “advise and assist” — whereupon they continued engaging in combat. Now, with Obama having publicly stated his intent to begin withdrawing troops from Afghanistan next July, both Defense Secretary Robert Gates and Gen. David Petraeus are arguing for a long-term, if not permanent, U.S. presence in Afghanistan.
Leftist billionaire George Soros continues to make headlines with his disturbing sentiments regarding a new world order. At the Canadian International Council on Monday evening, where he accepted his Globalist of the Year award, Soros not only defended the formulation of a new world order, but asserted that China should be one of the global leaders.
On the one hand, the British government has been talking lately about restoring some of its subjects’ lost civil liberties and privacy. On the other hand, it has just taken another step down the road to the total surveillance society: The Financial Services Authority, according to the New York Times, has instituted new rules requiring “all financial services firms … to record any relevant communication by employees on their work cellphones” and to discourage “employees from taking client orders or discussing and arranging transactions on their private cellphones, where conversations cannot be recorded.”
Ireland is one of many nations within the European Union that faces profound doubts about its ability to maintain its financial credibility. During the last several days, ministers of the European Union have tried to cobble together a rescue package that would allow the beleaguered country to manage its public debt.