In banking, few values count more than consistency and integrity. The sovereign debt crisis in Europe, however, appears to have watered down those values in the case of some banks. The International Accounting Standards Board has stated that some European banks used the value provided by the Greek government in determining how much value Greek bonds should be counted in the assets of the bank. That would mean the bonds would be worth about 21% less than than the original valuation.
Elements of al-Qaeda and other Islamic extremist groups were known to be key players in the NATO-backed uprising in Libya from the beginning, but now it appears that prominent Jihadists and terrorists are practically leading the revolution with Western support.
The persecution of Christians is the biggest untold story in the establishment media. Consider Iran, a nation that we fear because it may soon acquire nuclear weapons.This fear is so strong in the school of popular punditry that strategic military strikes, embargos, and a host of other fairly dramatic remedies are seriously discussed. But is not our true fear that Iran is intolerant, warlike, and barbaric?
Despite widespread media assertions that the Egyptian revolution was intended to bring about a democratic rule, there is increasing evidence to the contrary. The Muslim Brotherhood is urging officials to consider a ban — which would particularly target tourists — on skimpy bikinis and alcohol in the streets, regulations which closely resemble Sharia law.
While the truth about what is going on in Libya remains concealed behind a web of lies from both sides, Gaddafi’s forces are still fighting as analysts discuss the future of the nation following “regime change.” Based on available information, it doesn’t look bright. Talk of protracted civil war, genocide, violent retaliation, plundering, and deepening chaos is well underway as the bodies of Libyans continue to pile up. Thousands of civilians have already died — some killed by NATO air strikes and Western-backed rebels, others by the Gaddafi regime and its supporters.
Now that the U.S. military, under the auspices of NATO, has "liberated" Libya, that country is on a path to become the third such nation to establish Sharia as the principal basis for all future constitutional legislation.
Media coverage of the NATO war in Libya has been marked by so much disinformation, lies, and deception that it is becoming hard to tell fact from fiction, with both sides engaging in what is termed “psychological operations” to confuse and demoralize their opponents.
American and Colombian officials suspected that a decision by the Brazilian government granting political asylum to a prominent Marxist terrorist was made under pressure from former President Luiz Inácio Lula da Silva, whose Workers’ Party (PT) has frequently been accused of receiving millions of dollars from the drug-trafficking terror group known as the FARC.
In an effort to top the success of last year’s Restoring Honor rally, and to garner public support for Israel, conservative pundit Glenn Beck has launched his week of Restoring Courage events, which are taking place in Israel. When Beck announced this event earlier in the year, he said, “God is involved in man’s affairs, but so is the force of darkness. I believe I’ve been asked to stand in Jerusalem. Many in the history of man have had the opportunity to stand with the Jewish people … and they have failed.” For Beck, failure in this area is not an option. He asked his listeners to “stand with me, in Jerusalem” this summer.
As protests and unrest continue to spread across Syria, Western pressure including sanctions and even open talk of military intervention is mounting against the regime of “President” Bashar Al-Assad (left).
Numerous sources report that NATO is already plotting an invasion as foreign powers covertly arm Syrian rebels. And some analysts believe military intervention against Damascus would merely serve as a prelude to an attack on Iran.