“Afghanistan places greatest trust in Iran, and the aid by the Islamic Republic of Iran for the reconstruction of Afghanistan has been practical and operational.”-Afghan President Hamid Karzai
On May 25, Karzai met with Chairman of the Iranian Parliament National Security and Foreign Policy Commission, Alaeddin Boroujerdi.
European-Iranian Trade Bank AG (EIH Bank), based in Hamburg Germany, says it will not abide by European Union sanctions against Iran.
Earlier in the week the EU froze the bank’s assets. Bank officials say it will not stop them: “Nothing has changed; the same Bundesbank office which approved our transactions during the investigation […] Continue Reading…
“China’s hold or ownership is only 8 percent of our outstanding debt and in no way does China’s position influence U.S. foreign policy.”-Gary Locke, U.S. Commerce Secretary
The United States Commerce Secretary made the statement while being interviewed by the Senate Foreign Relations Committee, for the job of U.S. ambassador to China.
In another example of corporate leadership not thinking things through, Tokyo Electric Power Company has discovered that the buildings it’s been using to store highly contaminated water in are leaking.
TEPCo was using the buildings to store contaminated water that leaked into the basements of the reactor buildings, and contaminated water from reactor cooling systems. […] Continue Reading…
The Government Accountability Office released a study that showed that some of the government contractors that got paid with taxpayer “stimulus” money, don’t pay taxes.
The GAO says 3,700 contractors who got stimulus money, owe back taxes. That’s about 5% of the contractors that got the taxpayer money. Some of the contractors that avoided paying […] Continue Reading…
The U.S. media is talking about Chrysler’s announcement that it plans to pay off the U.S. and Canadian government loans. It is not a sign of a good economy, because the loans are not being paid off with profits.
Chrysler’s pay off is coming as a result of more loans. The Auto maker has decided […] Continue Reading…
“When the United States and Britain stand together, our people and people around the world can become more secure and more prosperous…Ours is not just a special relationship, it is an essential relationship – for us and for the world”-joint statement by President Barack Obama and Prime Minister David Cameron
A study called “Family Pressure Gauge” says the United Kingdom is Europe’s third worst place for families to live, after Bulgaria and Romania.
Some points of the study: Almost 25% of the average British family income goes to childcare, which is double the percentage spent by French families and three times that for German […] Continue Reading…