Posts
Global
economy
Scepticism
over a bailout plan for Spain's flailing banks has driven the
country's borrowing costs to their highest level since Madrid
adopted the euro, adding to fears that Europe's stubborn economic
crisis is entering a dangerous phase.
Rating
agency Moody's Investors Service cut its rating on Spanish government
debt by three notches on Wednesday to Baa3 from A3, saying the
newly approved euro zone plan to help the nation's banks will
increase the country's debt burden.
Central
banks of the world’s advanced economies such as the US, the UK, the
EU and Japan have poured more than $6 trillion into the financial
system since 2008, but the population see its welfare declining while
the debt level rises at a quickening pace.
Military/intelligence
With
evidence that powerful new weapons are flowing to the Syrian
government and opposition fighters, the bloody uprising in Syria
is now in a full-scale civil war, the United Nations
peacekeeping chief Herve Ladsous says. His comments came as UN
observers reported being fired on as they tried to enter a town
feared to be the focus of a new massacre.
The
Russian response -
French
FM Laurent Fabius says he will call on UN Security Council to make
mediator Kofi Annan's peace plan mandatory.
The US military has issued soldiers in Afghanistan with a new class
of lightweight unmanned drone known as the Switchblade, which
can be carried in a backpack and used on the battlefield in place
of an air strike.
A
wave of bombings yesterday struck Shiite pilgrims in several
cities across Iraq, killing at least 65 people and wounding more
than 200, according to police.
Just
days after security experts learned that a malware program named
Flame had infected computer networks in Iran and even systems in
neighboring Arab countries, its creators have dispatched a “Suicide”
command that will kill off the virus.
Washington
is reportedly gravely concerned about a possible power struggle
in Saudi Arabia due to the kingdom’s ill and aging leaders
including the king, crown prince and foreign
minister.
Environmental/disasters
Europe
IT'S
A bad idea to be old or sick in a country that's going bankrupt.
GREECE'S
leftist Syriza party has accused Germany of ''terrorising''
Greek voters into supporting pro-bailout parties in a repeat
election being held on Sunday, and claimed that Berlin and Brussels
were bluffing in their threats to cut off emergency funds.
Greeks
Withdraw $1 Billion a Day Ahead of Vote
Greeks
pulled their cash out of the banks and stocked up with food ahead of
a cliffhanger election on Sunday that many fear will result in the
country being forced out of the euro
The
Vatican Bank is under media fire as reports emerge that Italian
prosecutors suspect it of laundering Sicilian mafia bosses’
riches.
The
Greek extreme right party Golden Dawn has stepped up assaults on
immigrants by threatening to remove them and their children from
hospitals and kindergartens
There
is a severe shortage of medicines in Greece
Painful
return to country roots (Greece)
Thirteen
years after abandoning rural Greece for a career in graphic
design, Spiridoula Lakka finds herself in the last place she
expected to end up - watering a patch of lettuce and herbs in
her sleepy village.
USA
ML-Implode
Gets “Wikileaks Treatment” As Wells Fargo Freezes, Closes
Business Account
ML-Implode.com discovered
yesterday (2012-06-12) in the course of its normal banking activities
that Wells Fargo had frozen its bank account with no warning
Australia/NZ
Bollard
- outlook worse for NZ
Reserve
Bank Governor Alan Bollard has held the official cash rate at
2.50% as expected.
Media/internet
Former
News International chief executive Rebekah Brooks has been remanded
on bail after another court appearance on charges linked to
phone hacking.
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