February 27, 2012, Standard & Poor’s declares Greece to be in default! S&P’s blamed it on the debt restructuring deal currently being negotiated.
Greek officials say they were expecting it. Other credit rating agencies are expected to do the same thing. This makes Greece the first European Union member to default.
“The zionist regime has reneged on the swap deal…Egypt, who brokered the deal, must oblige the Israelis to respect it and release the prisoners…”-Islam Abdo, Hamas
At the end of 2011 Israel agreed to release at least 1,000 Palestinian Gazans (the overwhelming majority never being charged with any crime), in exchange for one Israeli soldier […] Continue Reading…
Chancellor George Osborne admits: “The British government has run out of money because all the money was spent in the good years, the money and the investment and the jobs need to come from the private sector.”
“Any tax cut would have to be paid for. In other words there would have to be a tax […] Continue Reading…
The Group of 20 finance ministers and central bank chiefs, meeting in Mexico, said they will not provide the International Monetary Fund anymore money until Europe, specifically Greece, makes more even drastic government cuts.
This follows reports that the World Bank will issue a report warning China to privatize its remaning government held […] Continue Reading…
Japan’s Nuclear Safety Commission reviewed the ability of hospitals to deal with nuclear accidents. The results were not good.
The found that five hospitals, located near the General Electric designed Fukushima Daiichi nuclear plant, were not able to deal with the nuclear disaster.
Fukushima Medical University Hospital, a core care facility for radiation exposure, was too […] Continue Reading…
France announced they will pull all non-military personnel out of Afghanistan!
Germany will pull out all expert advisers working in Kabul! This follows similar moves by the U.S. and United Kingdom.
Also, the airport at Jalalabad has been hit by a huge explosion. Afghan police say many casualties. “Taliban” say it was vengeance for Qur’an burnings, […] Continue Reading…
“We strongly condemn the burning of the Holy Qur’an by the Americans and welcome the protests!”-Hamid Karzai, President of Afghanistan
Despite the U.S. media reporting Karzai calling for calm, on February 26, 2012, the President of Afghanistan said he supports the current anti-U.S. demonstrations. He, and other Afghan officials, are demanding the prosecution of those […] Continue Reading…
The Wall Street Journal says a report titled China 2030, to be released on February 27, indicates that China’s booming economy will soon go bust if it doesn’t implement radical reforms.
The report comes from the World Bank, and a think tank supposedly connected to the Chinese government.