USA Sending More Military Equitpment to Egypt

The US is going ahead with plans to deliver four F-16 fighter jets to Egypt despite the political unrest in the country, senior American officials say. It comes as Washington is continuing to evaluate last week’s overthrow of President Mohammed Morsi by the army. US massive military aid to Cairo would have to be cut […]

India asks oil companies to buy dollars from single bank

India’s central bank has asked state-run oil companies to buy dollars from a single bank, said a source privy to the advice from Reserve Bank of India, as the government struggles to stem the declining rupee. The rupee fell to a record low of 61.21 against the dollar on Monday, exacerbating fears about the funding […]

At least 51 killed in Egypt, Islamists call for uprising

At least 51 people were killed on Monday when the Egyptian army opened fire on supporters of ousted president Mohamed Mursi, in the deadliest incident since the elected Islamist leader was toppled by the military five days ago. Protesters said shooting started as they performed morning prayers outside the Cairo barracks where Mursi is believed […]

41 IMF Bailouts And Counting – How Long Before The Entire System Collapses?

Broke nations are bailing out other broke nations with borrowed money.  Round and round we go – where we stop nobody knows.  As of April, 41 different countries had active financial “arrangements” with the IMF. IMF Loans (in thousands of SDRs) Sometimes they are called “bailouts” and sometimes they are called other things, but in […]

‘Conned’: a German view of Ireland

Last week, the German newspaper ‘Süddeutsche Zeitung’ published an article about the ‘conning’ of Ireland – over several decades – by its political masters. We talk to the writer, reprint the article and add some footnotes of our own Original introduction: Chancellor Merkel has “contempt” for Ireland’s bankers. But they are just one part of […]

China’s Currency “On Its Way To Becoming Global Reserve Currency”

Following the most recent shift ‘away’ from a USD-centric world (with the China-Australia direct currency convertibility), it seems the possibility of China’s Yuan as the next global reserve currency is getting closer. The Brits, Germans, and now the Swiss (who just signed a free-trade-agreement with China) are all actively vying to become Europe’s Yuan trading […]

Islamist protests hit cities across Egypt, at least 24 dead

At least 24 people died across Egypt on Friday as Islamists opposed to the overthrow of President Mohamed Mursi took to the streets to vent their fury at what they say was a military coup. Fierce clashes in the Mediterranean city of Alexandria left 12 dead and 200 injured, while in Cairo, five people were […]

The Currency Wars Reignite

Via Mark J. Grant, author of Out of the Box, “Always remember, your focus determines your reality.”                   -George Lucas Our reality has changed in the last twenty-four hours. The Bank of England and the European Central Bank have re-affirmed their old positions since the Fed has changed tacks. The initial reactions will be a […]

Gulf Arabs welcome ouster of Egypt’s president

Gulf Arab states welcomed the Egyptian army’s ouster of Islamist President Mohamed Mursi on Wednesday following days of unrest in a country once seen by Gulf Arabs as an instrumental ally against rival power Iran. The rise of Mursi’s Muslim Brotherhood in Egypt following the ouster of President Hosni Mubarak in 2011 has unsettled most […]

Egypt Military suspends constitution, replaces president…

The head of the constitutional court has been sworn in as Egypt’s interim president, a day after the overthrow of the country’s first democratically elected leader, Mohamed Morsi. Adli Mansour took his oath of office under an army transition plan in a ceremony that was broadcast live on state television. Above Tahrir Square, for days […]

Obama Plan to Electrify Africa Offers a “New Model” of Aid

During an eight-day trip to Africa, President Barack Obama unveiled an ambitious plan to improve access to electricity across the continent, a move the White House says is designed to lift Sub-Saharan Africa out of poverty and help the region develop a stable middle class. While the initiative may appear to be a generous increase […]

Egypt crisis boosts oil prices

Oil prices pushed closer to $102 a barrel on Wednesday — the highest level in over a year — as embattled Egyptian President Mohammed Morsi vowed not to resign hours before a deadline to yield to the demands of millions of protesters. Benchmark crude oil for August delivery was up $2.07 to $101.67 a barrel […]

UAE court jails scores of Emiratis in coup plot trial

A United Arab Emirates court on Tuesday convicted and jailed most of 94 Emiratis accused of plotting a coup, Abu Dhabi television said, at the end of trial analysts said reflected official mistrust of Islamist groups following the Arab Spring. The television said that the Federal Supreme Court sentenced 56 suspects to prison sentences ranging […]

Iran importing missile-grade ore from Germany, France

* Alumina ore has sensitive military applications – experts * Documents show Iran has been keen to master alumina for years * Alumina exports not yet included in EU sanctions on Iran By Maytaal Angel and Jonathan Saul LONDON, July 2 (Reuters) – Exploiting a loophole in Western sanctions, Iran is importing a high grade […]

Morsi rejects ultimatum from army

President Mohamed Morsi has rebuffed an army ultimatum to find a resolution to Egypt’s political crisis, saying that he has not been consulted and will pursue his own plans for national reconciliation. Morsi described the 48-hour deadline, set on Monday by the head of the armed forces for him to agree on a common platform […]

Egypt army gives Mursi 48 hours to share power

Egypt’s armed forces handed Islamist President Mohamed Mursi a virtual ultimatum to share power on Monday, giving feuding politicians 48 hours to compromise or have the army impose its own roadmap for the country. A dramatic military statement broadcast on state television declared the nation was in danger after millions of Egyptians took to the […]

Protesters to Egypt’s Morsy: You have one day to step down

Egyptians who helped overthrow a 29-year dictatorship in a widely hailed revolution have now given the country’s first democratically elected president one day to step down from office. In a statement posted Monday on its official Facebook page, Tamarod (the “rebel” campaign”) demanded that if President Mohamed Morsy doesn’t leave office by Tuesday, the group […]

Iran’s Rouhani hints will balance hardline, reformist demands

Iran’s president-elect Hassan Rouhani said on Saturday he would appoint ministers from across its political spectrum as Iranian voters had chosen a path of moderation over extremism. His victory in the June 14 vote has lifted hopes of a thaw in Iran’s antagonistic relations with the West that might create openings for defusing its nuclear […]

The Rise And Fall Of Great Powers

The very attempt to reform an unstable, diminishing-return system often precipitates its collapse. The Rise and Fall of Great Powers   Our collective interest in the rise and fall of empires is not academic. The meteoric rise of China and the financialization rotting out global capitalism are just two developments that suggest we are entering an […]

US House Votes to Expand Offshore Oil Drilling

The U.S. House voted Friday to open up the Atlantic and Pacific Oceans to oil and natural gas drilling, passing a bill that has little chance of becoming law but marks the latest effort by Republicans to portray President Barack Obama as an enemy of fossil fuels. The bill forces the Obama administration to offer […]

Empire Serves No One But Itself: It’s Time To Wake Up

Humanity has come to a defining moment in its 200,000+ year evolution: we are at a place where we either have to give up or we have to stand up. Last night, amidst a backdrop of fear-creation by the security state, where you either shut up or face the consequences, my wife and I were […]

US to deploy troops to Egypt to control Middle East: Analyst

In an indication of “a great power struggle over control of the Middle East,” the United States is deploying about 400 ground troops to Egypt, a military analyst told Press TV.   “The U.S. does not want to lose Syria and Egypt,” Michael Burns said on Tuesday.   The troops have been training for months […]

Why Qatar’s new young emir will be just like the old one

The smooth and voluntary transfer of power by HH Sheik Hamad bin Khalifa al-Thani to HH Sheik Tamim bin Hamad  al-Thani is unprecedented in the history of the Arab world, particularly the Gulf region,  Dr Mohamed al-Misfar, professor of political science at Qatar University, said. …. [He added] there was a consensus among many politicians, sociologists, […]

World Bank urged to end economic study

An internal review has thrown into question the validity of the World Bank publishing a competitive economic ranking of countries according to how business-friendly they are. An independent panel set up by the World Bank’s new president, Jim Yong Kim, to look at one of its highest profile country report said yesterday the bank should […]

Orlov: The Tapernanke has spoken

If you’ve noticed, the financial markets have been in a bit of a state lately. The latest crisis has been triggered by the Federal Reserve Chairman Bernanke publicly mouthing the opinion that there shall be a “tapering off” of the frenzied free money printing and US government debt-buying scheme that he has been running for […]

Saudi says ‘cannot be silent’ at Iran, Hezbollah role in Syria

Saudi Arabia regards the involvement of Iran and Hezbollah in Syria’s civil war as dangerous and believes the rebels must be offered military aid to defend themselves, the kingdom’s foreign minister said on Tuesday. Speaking at a news conference with U.S. Secretary John Kerry in Jeddah, Prince Saud al-Faisal added that Saudi Arabia “cannot be […]

Qatar’s emir transfers power to son

Sheikh Hamad bin Khalifa Al Thani says he is handing over power to son and calls on countrymen to lend their support. Sheikh Hamad bin Khalifa Al Thani, the ruler of Qatar for 18 years, has transferred the “reins of power” to his son. The outgoing emir made the announcement to hand over power to Sheikh […]

New Plan To Offset Development Impacts On Public Lands

Name a big issue that the Department of the Interior has been involved in during the Obama and Clinton administrations, and more likely than not David J. Hayes has been in the thick of it. Now Hayes, who has served as the department’s number two in both administrations, is leaving government service — but not […]

Extreme Energy, Extreme Implications: Interview with Michael Klare

If oil and gas is a profoundly dynamic phenomenon, then so too must be environmental risk and conflicts over natural resources—and we are not getting the full picture from the mainstream media, according to Michael T. Klare, professor of peace and world security studies at Hampshire College, TomDispatch blogger, and author of Rising Powers, Shrinking […]

Obama Administration Cuts Oil Development on Federal Land

The Obama administration is calling for cutting the amount of federal lands open for oil shale and tars sands development in the Western states, a plan that industry officials say may force companies to look overseas for opportunities. A new Bureau of Land Management plan calls for allowing 700,000 acres of land for development, reports […]

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