“Officers responding to sporadic disorder in a number of boroughs made more than 100 arrests throughout last night and early this morning.” Scotland Yard statement, August 8
The violence that started in Tottenham has spread to Enfield and Brixton. The riots started on Friday August 5, after police shot and killed a man […] Continue Reading…
On Saturday, August 6, a CH-47 Chinook helicopter was shot down in Wardak Province, Afghanistan, killing all on board, including members of the elite SEAL team. Now the Taliban claim they’ve shot down a 2nd Chinook.
Monday, August 8, a Chinook with 33 personnel onboard was shot down near Zarmat city, in Paktia Province in […] Continue Reading…
When the credit crisis hit in 2007/2008 the biggest mortgage lenders in the U.S., Fannie Mae and Freddie Mac, suddenly became too big to fail and were taken over by the U.S. government. The move had U.S. taxpayers providing the mortgage giants with almost consistent quarterly bailouts.
Now Standard & Poor’s has downgraded their credit […] Continue Reading…
The European Central Bank, and the Group of 7 top industrialized countries, decided to deal with the credit rating downgrade of the United States by flooding international markets with liquidity.
Liquidity=cash and bank deposits.
One of the problems with this recession is that banks, and other financial institutions as well as big corporations, have been money […] Continue Reading…
Several private economic research firms, in Japan, are predicting GDP for Japan will go south for the 3rd quarter.
As many as ten research firms say Japan’s GDP could contract by as much 4.7% for the next economic quarter. They blame the decline on a huge reduction in consumer spending, both in Japan, and in […] Continue Reading…
Once upon a time, very recently, candidate for U.S. president Mitt Romney got three donations from three companies that were created solely to give Mitt Romney money.
The main stream media is focusing on a now defunct company named W Spann LLC. The property owner, where the company was supposedly located in New York, says […] Continue Reading…
Ever since Tokyo Electric Power Company installed a water decontamination and recirculation system, they’ve had problems after problems. Now the entire system has crashed.
The system includes filters and pumps designed in the United States and France. The idea is to decontaminate the massive amount of radioactive water flooding into the basements of the reactor […] Continue Reading…
In the state of Oaxaca, cases of Dengue have been reduced by 80%, compared to 2010. Last year, at the same time, there were more than 1,000 cases, this year 255 so far.
How’d they do it? Oaxaca officials are praising various efforts, including mosquito eradication.
State officials are not only overseeing vector control in cities, […] Continue Reading…
The Mexican government says Mexican police arrested a woman after they discovered her shopping cart filled with 3,500 rounds of ammo.
The woman, a U.S. citizen, was heading from El Paso, Texas, to Ciudad Juarez, Chihuahua. Police say she admitted to being part of the gun running from the United States: “The woman said she […] Continue Reading…
Der Spiegel is reporting that German government officials doubt any more bailout money can save Italy, even if the current European Financial Stability Fund was tripled in size.
German officials have consistently said government finance reforms must come through spending cuts, and tax reform, not taking on more loans.
Currently the European Financial Stability Fund has […] Continue Reading…