JAPAN - Japan is heading for a full-blown solvency crisis as the country runs out of local investors and may ultimately be forced to inflate away its debt in a desperate end-game, one of the world’s most influential economists has warned. Olivier Blanchard, former chief economist at the International Monetary Fund, said zero interest rates have disguised the underlying danger posed by Japan’s public debt, likely to reach 250 percent of GDP this year and spiralling upwards on an unsustainable trajectory.
USA - The International Monetary Fund is expecting a 20 percent plunge in the markets in the United States, United Kingdom, Eurozone and China over the coming 24 months, according to a report in the Telegraph.
UNITED NATIONS - Technology allowing a pre-programmed robot to shoot to kill, or a tank to fire at a target with no human involvement, is only years away, experts say. A new report called Monday for a ban on such "killer robots."
UK - The new film Vaxxed highlights one whistleblower, researcher William Thompson, who publicly admitted he and his CDC colleagues lied, cheated, and committed gross fraud in exonerating the MMR vaccine and pretending it had no connection to autism. Now we have another: Dr Peter Fletcher.
USA - Most people are familiar with a "Breathalyzer" - a device that tests if drivers are drunk or sober when they are driving erratically. Now police may start using a "textalyser" - a gadget to help them gauge if a distracted driver has been using their mobile phone before a road incident.
USA - People who reported eating fast food in the last 24 hours had elevated levels of some industrial chemicals in their bodies, according to a new analysis of data from federal nutrition surveys.
AUSTRALIA - Sugar addiction should be treated like drug abuse, new research has revealed. Scientists have discovered drugs used to treat nicotine addiction could be used to treat sugar addiction.
JAPAN - A high school in Japan is about to receive a new student, and his name is Pepper. He's likely to stand out among his classmates, however, because Pepper is actually a humanoid robot. It marks the first time a robot will study alongside human students.
USA - On the latest list of books most objected to at public schools and libraries, one title has been targeted nationwide, at times for the sex and violence it contains, but mostly for the legal issues it raises. The Bible.
MIDDLE EAST - Civilian airliners are now under threat of being shot out of the sky thanks to American-backed Islamist groups being supplied the portable Stinger surface-to-air missiles (MANPADS) by the US and their Middle East allies, such as Saudi Arabia, in Syria.
CHINA - A top adviser to the Chinese government has warned that Beijing risks a currency blow-up akin to Britain's traumatic ordeal in 1992, if it continues trying to defend its exchange rate peg amid a deepening deflation crisis.
USA - The United States Ninth Circuit Court of Appeals recently ruled that police officers can lie to suspects in regards to a traffic stop — even when no violation has occurred. The ruling essentially gives police officers carte blanche to stop anyone they want for absolutely no reason — merely acting on a hunch.
USA - Yet another reason why taxes are going up, cities and states are going broke, and the world is approaching financial implosion. As if the world needed another dangerous and volatile factor in the mix of looming economic downturn.
USA - Wall Street bank Goldman Sachs has agreed to pay $5.06 billion to settle claims it misled mortgage bond investors during the 2008 financial crisis, the US Department of Justice said on Monday.
EUROPE - Europe must move away from “self-defeating” austerity and embrace “progressive” reform, the prime ministers of Greece and Portugal have declared.