LIBYA - Fire is still threatening one of Libya’s largest oil export terminals after a battle between government forces and the opposition militia known as Libya Dawn. The blaze at the Es Sider port has already engulfed five giant oil storage bunkers and any long-term disruption to exports from the facility could help to put a floor under the tumbling price of crude. Libyan officials have said that 850,000 barrels of crude oil have been lost because of the fire. Es Sider can hold more than 6 million barrels and is one of the North African country’s main export hubs. Brent crude ended last week again lower at $59.45 per barrel, but fear over the reliability of supplies from Libya could push the price up again this week. Oil has lost about 45 percent of its value since June.
GERMANY - 60 prominent German personalities from the realms of politics, economics, culture and the media were less concerned with blinking red and green stock quotes and were focused on something far more serious to the future of the world: the threat of war with Russia.
ISRAEL - Prime Minister Benjamin Netanyahu acknowledged the role of German Chancellor Angela Merkel in helping Israel build its formidable arsenal of munitions in a tough speech devoted to the Jewish State's growing military prowess. The leader spoke on Thursday at Israel Air Force pilots' course graduation ceremony.
GERMANY - For decades — because of the Cold War — the Bundesbank’s gold holdings have been kept in the treasuries of other central banks — in Paris, London and New York. Now the public and the Bundesbank believe that more of the country’s treasure should be at home.
TURKEY - Turkish Prime Minister Ahmet Davutoglu said Sunday that Turkey stands behind Palestinians in their efforts to oppose what he called Israeli attempts to “reduce the Islamic character” of Jerusalem. Davutoglu was speaking to reporters in the central Turkish city of Konya, a day after meeting with exiled Hamas chief Khaled Mashaal.
ISRAEL - We are nearing a third Israeli revolution. The first lasted from 1948 to 1977. It inspired the founders of the state to lay down the foundations for a secular and socialist state. Their energy lasted 29 years. In 1977, they were deposed and replaced by the second Israeli revolution. This one turned Israel into a religious, nationalistic and capitalistic society and state. On Israel's 70th anniversary, in 2018, the second Israel will celebrate nearly four decades. Apparently this revolution has run its course, as well. Out of the ruins of the two, a third revolution is emerging. The idea at the heart of the first revolution was the state, the second's was territory - a greater Israel comprising the land on both sides of the Jordan River. And the third revolution is motivated by an idea, which overshadows all the rest - the Temple.
ISRAEL - Analysis: Top Shin Bet assessment predicts Middle East will remain dangerous and unstable: There is no international landlord, states are disintegrating, and enemies are honing tactics. The Middle East is expected to be a very bad place in which to live over the coming year – perhaps one of the worst and most dangerous places in the world.
CHINA - Thanks to China, Christine Lagarde of the International Monetary Fund, Jim Yong Kim of the World Bank and Takehiko Nakao of the Asian Development Bank [ADB] may no longer have much meaningful work to do.
CHINA - The China Foreign Exchange Trade System has announced that since December 29, China, Russia, Malaysia and New Zealand will start the usage of national currencies in mutual transactions. Beijing hopes to make the yuan an alternative to the US dollar in global trade. China will start swaps and forwards between the yuan and the national currencies of Russia, Malaysia and New Zealand on December 29, the China Foreign Exchange Trade System (CFETS) reported Friday.
RUSSIA - The dramatic slide in the value of the rouble has claimed its first banking casualty. The Russian Central Bank, to the tune of US$530 million, is bailing out Trust Bank. The emergency liquidity line’s intent is as life support for one of modern Russia’s more established banks. So much for president Putin’s declaration to the Russian press that “the economy will recover in two years.” The intent of his reassuring message was to stop panic in the currency market and confirm to the public that the Russian government is in control of the unfolding situation (Putin carefully avoided using the word “crisis”). But economic recovery is far from certain and Russia looks set for deeper crisis in 2015.
JAPAN - Fukushima prefecture has been conducting regular checkups of over 360,000 people who were in Fukushima in March 2011 and were age 18 or under when the nuclear crisis struck. As WSJ reported in August, a study by researchers in Fukushima prefecture found 57 minors in the prefecture have been diagnosed with thyroid cancer so far and another 46 are showing symptoms that suggest they may also have the disease. Today, as The Japan Times reports, four more children are suspected of suffering from thyroid cancer in the latest survey bringing the total to 107 out of 385,000 now surveyed. This is dramatically higher than the normal "between 5 to 11 cases per million people," that Okayama University professor Toshihide Tsuda cites for national statistics between 1975 and 2008.
USA - According to the most recent report from the US Department of Agriculture's Office of Inspector General, government "mis-spent" $2.4 billion on food stamps. While $2.4 billion may feel like a small amount in the present day of trillion-dollar debts, as The Daily Signal's Alexandra Gourdikan notes, the fact itself should raise concerns adding that the food stamps program is in need of reform. First and foremost, policymakers should focus on promoting work. Americans are willing to help those in need, but they also believe that people must do what they can for themselves.
USA - Putting the entire planet online... then controlling everything they see or read. The Western media has attempted to portray Mark Zuckerberg’s ambitious plan to get every human being online as altruistic at first, but later revealed as simply what could be called “profitable empathy.” In reality however, the truth is much more sinister, with Facebook already revealed to be much more than a mere corporation run by Zuckerberg and his “ideas”
USA - 2014 was quite a bizarre year, wasn’t it? The past 12 months brought us MH370, Ebola, civil war in Ukraine, civil unrest in Ferguson, the rise of ISIS and the fall of the Democrats in the midterm elections. Our world is becoming crazier and more unstable with each passing day, and I have a feeling that things are going to accelerate greatly in 2015. But for the moment things are relatively quiet as much of the world stops to celebrate the holiday season, so now is a good time to look back and see where we have been over the past year. The facts that I am about to share with you sound false, but they are all quite true.
ISRAEL - After sniper fire critically wounds soldier and Hamas terrorist leader killed, IDF taking steps indicating escalation may be on the way. After a Bedouin IDF soldier was critically wounded on Wednesday by terrorist sniper fire from southern Gaza, the IDF lifted a gag order late Thursday acknowledging it has deployed Iron Dome missile defense batteries in Israel's south.