USA - The United States and Israel showed signs of seeking to defuse tensions on Sunday ahead of a speech in Washington by Israeli leader Benjamin Netanyahu when he will warn against a possible nuclear deal with Iran. Policy differences over the negotiations with Iran remained firm, however, as Netanyahu set off for the United States to deliver the speech, which has imperilled ties between the two allies.
USA - The Bethlehem-based news agency Ma’an has cited a Kuwaiti newspaper report Saturday, that US President Barack Obama thwarted an Israeli military attack against Iran's nuclear facilities in 2014 by threatening to shoot down Israeli jets before they could reach their targets in Iran. Following Obama's threat, Prime Minister Binyamin Netanyahu was reportedly forced to abort the planned Iran attack.
USA - Moody's Investors Service has downgraded Chicago's debt rating, citing its overwhelming pension burden. Moody's dropped the city's rating to Baa2. A rating of Baa2 is eight notches below the highest debt rating of Aaa. Moody's said in its statement its outlook for the city remains negative. A drop of two more notches would make mean the city's bonds would become “junk” bonds. Chicago has more than $8 billion in taxpayer-backed general obligation debt, as well as roughly $800 million in additional bonds backed by sales tax and motor fuel tax revenues.
UK - Facebook has vowed to start helping the security services identify potential terrorists who are using the social network after it emerged that it failed to pass on information that could have prevented the murder of Fusilier Lee Rigby. The website, which has more than one billion users, has told the Government it will “rapidly improve” the identification of imminent threats made by people on its network.
USA - As Greece wrangles with its creditors for a more sustainable solution to its debt problems, International Monetary Fund Managing Director Christine Lagarde has been firm in insisting that the new government in Athens honor the country’s previous commitments. The former French finance minister threw cold water this week on the tentative accord between Greece and the European Union, warning that many of Athens’s pledges were vague and “not conveying clear assurances that the government intends to undertake the reforms envisioned.”
GREECE - Neither side holds the upper hand in the strategic game of chicken which could still see Greece forced out of the euro. In any normal contest with creditors, Syriza's position would be hopeless. But nothing about this episode is normal. If EMU were to force Greece out of the euro by withdrawing bank liquidity and deliberately causing the collapse of the Greek financial system - to which the ECB has a duty of care under EU treaty law - they would create a martyr state for the whole European Left.
USA - Google is looking at rolling out yet another revision to their search engine algorithm by curtailing your results to sites it considers to have the most "trustworthiness." New Scientist Explains: Google's search engine currently uses the number of incoming links to a web page as a proxy for quality, determining where it appears in search results. So pages that many other sites link to are ranked higher. This system has brought us the search engine as we know it today, but the downside is that websites full of misinformation can rise up the rankings, if enough people link to them.
USA - A radical plan for transplanting a head onto someone else’s body is set to be announced. But is such ethically sensitive surgery even feasible? It's heady stuff. The world's first attempt to transplant a human head will be launched this year at a surgical conference in the US. The move is a call to arms to get interested parties together to work towards the surgery.
GREECE - "Greeks consider taxes as theft," which, among other things, explains, as WSJ reports, at the end of 2014, Greeks owed their government about €76 billion in unpaid taxes accrued over decades; the government says only €9 billion of that can be recovered, with most of the rest lost to insolvency. Syriza is now making tax collection a top priority among the measures promised the new Troika, but as one government official warned, "the Greek economy would collapse if the government were to force these people to pay taxes."
JORDAN - Jordan and Israel signed an agreement to go ahead with a World Bank-sponsored project to build a desalination plant in the Gulf of Aqaba and a pipeline linking the Red Sea with the Dead Sea. The plant will be built in the southern Jordanian port of Aqaba on the Red Sea and will desalinate water to be shared by Israelis and Palestinians.
UK - Millions of children are being taught a “distorted” view of European history that deliberately promotes further integration of the European Union, one of Britain’s leading historians has warned. Professor David Abulafia, a Cambridge University don, has said school textbooks are “papering over” past differences between European nations in favour of a misleading idea of European citizenship.
RUSSIA - The BRICS Bank launched last year will fund infrastructure projects in Brazil, Russia, India, China and South Africa, and challenge the dominance of the Western-led World Bank and the IMF. “The new development bank will mobilise resources for infrastructure and sustainable development projects in BRICS and other emerging economies and developing countries, to supplement existing efforts of multilateral and regional financial institutions for global growth and development,” read an Indian government statement on Wednesday.
USA - Because he can’t get Congress to approve the things that he wants to do, Barack Obama has apparently decided to rule by decree for the rest of his time in the White House. One of Obama’s latest moves is to try to ban some of the most popular ammunition for the most popular rifle in America. Previously, the Obama administration attempted unsuccessfully to ban the AR-15. That didn’t work, so now Obama is going after the ammunition.
UK - Every home-cooked chicken poses a food poisoning risk because supermarkets are acting too slowly to eradicate a dangerous bug, officials have said. Tests over the past nine months found 73 per cent of chickens in supermarkets contained campylobacter, which makes 280,000 people ill every year and can cause death.
UK - An aggressive fungus could wipe out a quarter of British wheat crops this harvest season, scientists have warned. The virulent ‘Warrior’ strain of yellow rust has been found in many crops in the UK and experts warn it could present a serious threat to wheat production.