"...Italy and, in particular, Spain must be offered hope (click here) — an economic environment in which they have some reasonable prospect of emerging from austerity and depression. Realistically, the only way to provide such an environment would be for the central bank to drop its obsession with price stability, to accept and indeed encourage several years of 3 percent or 4 percent inflation in Europe (and more than that in Germany)."...
There are bigger problems. I agree with Dr. Krugman. The European Union took on a protectionist approach when it comes to the 2008 global economic plunder of Wall Street. The UNION never really was a union so much as a skeptical group of countries minding their own business. The countries still struggling after very strong austerity cuts were never rewarded for the bravery in agreeing to them in the first place. There was never any growth potential introduced by other member nations to assist with austerity.
In other words, while austerity shrunk the GDP of these countries, there was no effort to replace the austeric losses with new economic trends by boosting local economies and infusing economic expansion to assist in growth while still reducing the debt.
The approach by the EU was very draconian and never applied optimism to a better outcome.
Gang arrested in Beirut for assaulting foreign workers (click here)
May 18, 2012 02:50 PM
11:08 17/05/12
MOSCOW, May 17 (RIA Novosti)
3:10PM BST
18 May 2012
There are bigger problems. I agree with Dr. Krugman. The European Union took on a protectionist approach when it comes to the 2008 global economic plunder of Wall Street. The UNION never really was a union so much as a skeptical group of countries minding their own business. The countries still struggling after very strong austerity cuts were never rewarded for the bravery in agreeing to them in the first place. There was never any growth potential introduced by other member nations to assist with austerity.
In other words, while austerity shrunk the GDP of these countries, there was no effort to replace the austeric losses with new economic trends by boosting local economies and infusing economic expansion to assist in growth while still reducing the debt.
The approach by the EU was very draconian and never applied optimism to a better outcome.
Gang arrested in Beirut for assaulting foreign workers (click here)
May 18, 2012 02:50 PM
| The Daily Star |
BEIRUT: A six-member gang wanted by the Lebanese Army for assaulting and blackmailing foreign workers has been arrested, a military communiqué said Friday.
“As part of its fight against organized crime, and as a result of investigations and follow-ups, Lebanese Army Intelligence in Beirut managed this week to arrest a gang of six people for attacking and blackmailing foreign workers,” the statement said....
I am curious as to why Russia believes Iran is not a nuclear risk. Do the Russians actually believe Iran would never nuke "The Dome of the Rock?"
“As part of its fight against organized crime, and as a result of investigations and follow-ups, Lebanese Army Intelligence in Beirut managed this week to arrest a gang of six people for attacking and blackmailing foreign workers,” the statement said....
I am curious as to why Russia believes Iran is not a nuclear risk. Do the Russians actually believe Iran would never nuke "The Dome of the Rock?"
MOSCOW, May 17 (RIA Novosti)
The Group of Eight (click here) industrial nations meeting outside Washington on 18-19 May will begin with talks on Syria and Iran, a Kremlin aide said on Thursday.
"The G8 meeting will kick off with a working lunch, which will be devoted to the issues of global security and national scenarios, inlcuding, of course, the problems of Syria and Iran," Arkady Dvorkovich said at a news briefing in Moscow. "Here, the most important question for us is to follow the principles we have declared previously."
"We would also like to eliminate attempts to include in the G8's declarations... the points which were being imposed on the UN Security Council as it prepared its decisions," he said.
Prime Minister Dmitry Medvedev, who is attending the meeting instead of President Vladimir Putin, will hold bilateral talks with U.S. President Barack Obama, Dvorkovich said....
It is not estimated there are 10,000 dead in Syria. UN Secretary General Ban-Ki Moon states al Qaeda was responsible for an attack within Damascus.3:10PM BST
18 May 2012
Ban said President Bashar al-Assad (click here) has still not implemented a peace plan agreed with UN-Arab League envoy Kofi Annan.
"Very alarmingly and surprisingly, a few days ago, there was a huge serious massive terrorist attack. I believe that there must be al-Qaeda behind it. This has created again very serious problems," Ban said at a youth event at the UN headquarters.
Suicide attackers detonated huge bombs in Damascus on May 10, killing at least 55 people and wounding nearly 400....
Al Qaeda in Syria, what a joy. Assad has brought this new violence upon himself. Rather than seeking peace at every turn to quell the unrest, he has been aggressive and unwilling to show good will to the people of Syria. Assad may be defeated, but, it won't be by the West, it will be by the surrogates of the Arab nations. If al Qaeda defeats Assad to stop the killing they will hold a far better standing than the West would care for them to hold.
10,000 people dead in Syria !
10,000 people dead in Syria !
10,000 people dead in Syria !
10,000 people dead in Syria !
10,000 people dead in Syria !
10,000 people dead in Syria !
