CHINA -The China-backed Asian Infrastructure Investment Bank (AIIB), viewed by some as a rival to the World Bank and Asian Development Bank, was formally established on Friday, according to a statement issued by Beijing.
SWITZERLAND - Switzerland will hold a referendum to decide whether to ban commercial banks from creating money. The Swiss federal government confirmed on Thursday that it would hold the plebiscite, after more than 110,000 people signed a petition calling for the central bank to be given sole power to create money in the financial system.
USA - Earlier this week on his radio show, conservative talker Rush Limbaugh explained why it was his view Islam wasn’t a religion, but instead what he called a “conquest ideology.” According to Limbaugh, not properly defining Islam for the sake of political correctness will be to our own detriment. Partial transcript as follows:
MIDDLE EAST - Oil prices fell by over half from June 2014 to January 2015 (Brent: $110 to $50), then another one-third since (to $35). Natural gas and coal prices have also plunged, partially due to the same forces but also from substitution.
UK - Some London neighbourhoods have higher rates of tuberculosis than almost anywhere else in the world, as high as 113 per 100,000 people. That's significantly higher than in countries such as Rwanda, Iraq and Guatemala.
USA - Eight people are reported to have been killed in Texas after new tornadoes, raising the death toll to 26 in a week of storms in several US states. Local media said five people in cars were probably blown off a motorway in Garland, near Dallas. Another three bodies were found in nearby towns.
UK - Emergency teams are working to evacuate people from homes in York, as flooding continues to hit northern England. Police advised between 300 and 400 people to evacuate near the River Ouse and River Foss in York, with up to 3,500 properties at risk.
USA - Firefighters on Saturday gained the upper hand on a wildfire northwest of Los Angeles that burned about 1,240 acres of land, forced the closure of parts of a major highway and led to evacuations, fire officials said. Hundreds of firefighters battled the blaze in the Solimar Beach area of Ventura County and were able to draw containment lines around 60 percent of the conflagration by Saturday evening, county fire officials said.
The flames triggered the closure of parts of US Highway 101, though both northbound and southbound lanes of the major roadway had reopened to traffic by late afternoon, officials said.
AUSTRALIA - A Christmas Day bushfire has destroyed more than 100 homes in Australia's Victoria state, officials say. Officials said 98 homes had been razed in Wye River and 18 at Separation Creek. No injuries are reported. Hundreds of firefighters have been battling the blaze along the famous Great Ocean Road in Victoria's south-west, popular with holidaymakers. Some 1,600 residents and tourists from the popular tourist spot of Lorne were evacuated on Friday amid fears that a wind change would push the fire towards the town, but were allowed to return on Saturday. More than 500 firefighters, 60 tankers and 18 aircraft have been involved in fighting the flames.
SOUTH AMERICA - More than 150,000 people in Paraguay, Argentina, Uruguay and Brazil have been driven from their homes by some of the worst flooding in years. Heavy summer rains have caused rivers to swell across a vast area. Nearly 200 electricity pylons have been damaged or destroyed by strong winds. Four people were killed in the country by fallen trees. In northern Argentina, some 20,000 people have been evacuated.
USA - It could happen at any time. At least that’s what many experts think. There are gross violations of the Constitution and the rights of the people at every turn. It is a daily staple of the news cycle. There have been potential flashpoints on the scale of Lexington Green (which started the American revolution in 1775) over and over again. And people have never been so divided at any time in the collective memory.
USA - While many articles have been written about the media’s misrepresentation of Trump’s comments on illegal immigrants, a recent piece in the liberal online news magazine Salon destroys the notion that Trump called all Mexicans rapists and exposes it as nothing more than a media creation.
GERMANY - For the first time since Hitler's death, Germany is publishing the Nazi leader's political treatise "Mein Kampf", unleashing a highly charged row over whether the text is an inflammatory racist diatribe or a useful educational tool.
USA - In 2013 Smithfield Farms, the world’s largest pork producer, was purchased by a Chinese company that is owned by a member of the Communist Party of China. There was a big stumbling block for this purchase, the state of Missouri had wisely banned the foreign ownership of farmland. The law, which dated back to 1978, was an example of some basic commonsense. Unfortunately, Smithfield bought enough legislators to have the law changed. The law they passed, just in time for the Chinese purchase, allowed up to 1 percent of Missouri’s agricultural land to come under foreign ownership. The average American, sees little wrong with this.
USA - The political left has been trying to run other people’s lives for centuries. So we should not be surprised to see the Obama administration now trying to force neighborhoods across America to have the mix of people the government wants them to have.