RESERVE, NEW MEXICO, USA - A massive wildfire in the New Mexico wilderness that already is the largest in state history spread in all directions Thursday, and experts say it's likely a preview of things to come as states across the West contend with a dangerous recipe of wind, low humidity and tinder-dry fuels.
BERLIN, GERMANY/SANTIAGO, CHILE - Berlin is applying pressure to obtain more exclusive "resource partnerships" to ensure the supply of natural resources for German industry. According to the Ministry of the Economy and Technology, the German government has its eye on Chile, Peru, Zambia, South Africa, and Namibia as new "resource partner" candidates.
JERUSALEM, ISRAEL - A Jewish Israeli man detained on the Temple Mount says police on the mount were taking their orders from members of the Islamic Wakf. The man, David Hertzlich, was at the Temple Mount with his son. The two were overwhelmed with emotion as they stood on the mount, which according to Jewish tradition is the holiest place on earth.
CHINA/JAPAN - China and Japan will start direct currency trading on Friday as Beijing marks another stage on its journey to internationalise the yuan. Forex traders will be able to swap Japanese yen for the Chinese unit without having to use the US dollar as an intermediary currency when markets open in Tokyo and Shanghai at 0000 GMT.
USA - A federal appeals court in Boston found on Thursday that a US law defining marriage as a union between a man and a woman unconstitutionally denies federal benefits to lawfully married same-sex couples in a ruling that promises to push the issue of gay marriage to the US Supreme Court.
MEXICO - Mexico's Popocatepetl Volcano has blasted a tower of ash over nearby towns and villages prompting authorities to consider the possibility of evacuations.
SPAIN - Spaniards alarmed by the dire state of their banks are squirreling money abroad at the fastest rate since records began, figures showed on Thursday, and the credit ratings of eight regions were cut.
USA - Warren Buffett once said that derivatives are “financial weapons of mass destruction”, and that statement is more true today than it ever has been before. Recently, JP Morgan made national headlines when it announced that it was going to take a $2 billion loss from derivatives trades gone bad.
EUROPE - The EU's lack of action and refusal to set up a centralized bank was slammed by the head of the European Central Bank today. Mario Draghi has urged Europe to set up a centralized way of shoring up its troubled banks, criticising national regulators for choosing "the worse possible way to help their banking sectors by delaying tough decisions."
IRELAND - All of Europe is looking to Ireland as the country prepares to vote on Thursday in a referendum on the unpopular fiscal compact for greater budgetary discipline. If the Irish reject the new treaty, it won't just be a major blow to its main advocate Angela Merkel. It could also spark panic on the financial markets.
SPAIN - “We’re in a situation of total emergency, the worst crisis we have ever lived through” said ex-premier Felipe Gonzalez, the country’s elder statesman. The warning came as the yields on Spanish 10-year bonds spiked to 6.7 per cent, pushing the “risk premium” over German Bunds to a post-euro high of 540 basis points.
USA - Do you believe that parents should be able to spank their children? Do you ever express that opinion to others? If so, then you could be sent to prison. Sadly, that is exactly what happened to one pastor up in Wisconsin recently.
USA - The Bilderberg Group has launched an unprecedented security crackdown on the eve of tomorrow’s secretive confab of global power brokers, with guests at the Westfields Marriott Washington Dulles hotel being intimidated by talk of machine guns and high-tech surveillance.
ALBUQUERQUE, NEW MEXICO – A massive wildfire that has burned more than 265 square miles in the Gila National Forest has become the largest fire in New Mexico history, fire officials confirmed Wednesday.
UK - An international team of scientists has cracked the genetic code of the domesticated tomato and its wild ancestor, an achievement which should help breeders identify the genes needed to develop tastier and more nutritious varieties.