GERMANY - German finance minister Wolfgang Schaeuble has softened his hard-line attitude towards Greece, saying its new Left-wing Syriza government needs “a bit of time” but appears to be able to work towards resolving its debt crisis. "The new Greek government has strong public support," Mr Schaeuble told German newspaper Bild am Sonntag.
UK - By design or accident, Germany is the biggest cause of the economic misery and growing political instability which the Euro is causing in the Eurozone. Whereas other countries, particularly in Southern Europe, are culturally less competitive than Germany, sharing a currency has inevitably meant that Germany has the export advantage of a cheap currency where Southern Europe has the disadvantages of too strong a currency. Hence no growth in Italy, pain in Spain and Portugal and disaster in Greece. [Written by Lord Flight. He was Shadow Chief Secretary to the Treasury from 2001-2004.]
ISRAEL - The police “must ensure that Jews can pray on the Temple Mount” - that was the ruling of Judge Malka Aviv in the case of Yehuda Glick vs the Israeli Police. On a number of occasions the police have banned Rabbi Yehuda Glick from ascending up to the Temple Mount.
USA - Tufts University’s Director of the Research and Policy Program at the Global Development and Environment Institute (Timothy Wise) points out:
“There is no … consensus on the safety of GM food. A peer-reviewed study of the research, from peer-reviewed journals, found that about half of the animal-feeding studies conducted in recent years found cause for concern. The other half didn’t, and as the researchers noted, ‘most of these studies have been conducted by biotechnology companies responsible for commercializing these GM plants’.”
MIDDLE EAST - The Independent reported last week: Dr Mahmoud Othman, a veteran member of the Iraqi Kurdish leadership who recently retired from the Iraqi parliament, said there was a misunderstanding as to why Gulf countries paid off IS [the Islamic State]. It is not only that donors are supporters of IS, but that the movement “gets money from the Arab countries because they are afraid of it”, he says. “Gulf countries give money to Da’esh so that it promises not to carry out operations on their territory.” It’s well-known by counter-terrorism experts that Saudi Arabia has long funded Al Qaeda, ISIS and other terrorists outside the country in order to dissuade them from attacking the Saudi monarchy itself. With friends like these, who needs enemies?
USA - Sharpstown is a Texas community, located just southwest of Houston, and the way they maintain security in this community has gotten our attention. In 2012, they fired their cops. The Sharpstown Civic Association then hired SEAL Security Solutions, a private firm, to patrol their streets.
USA - Since 9/11, the government has been encouraging law enforcement agencies to act more aggressively in searching for drugs, contraband, or suspicious people. This aggressive brand of policing has resulted in the seizure of hundreds of millions of dollars from citizens not charged with a crime. Civil forfeiture is basically the process of charging your property, not you, with a crime. If your property is seized and charged, it is up to you to prove your property’s innocence.
USA - A major – and long overdue – upgrade is coming to the US dollar. In short, a completely new form of digital currency is in the works… And although you probably haven’t heard much about this upgrade, at least not yet, anyway (most Americans haven’t)… rest assured, it IS coming. And very soon. A new digital currency “is coming to town,” says Fortune journalist Philip Elmer-DeWitt, “and I can’t wait to try it.”
SYRIA - Drought caused by climate change may have pushed Syria towards the devastating civil war currently ripping the country apart, according to researchers. A new study has found that many parts of the country were hit by a record dry period between 2006 and 2010 which may have propelled the uprising against the Syrian regime in 2011.
ITALY - In this column, Emma Bonino, a former Italian foreign minister and former European Commissioner, argues that German Chancellor Angela Merkel is the de facto representative of Europe in the world today, putting other European heads of states and institutions in the shade. Moreover, the economic and political measures taken by EU member countries since 2008 have aimed at “renationalising” their interests, and the author fears that a definitive crisis of the European federalist project is on the horizon.
USA - A comprehensive and thought-provoking piece by Graeme Wood in the March issue of The Atlantic peels away the politically correct generalizations about the Islamic State in an attempt to clarify what it is and what it wants. “The reality is that the Islamic State is Islamic. Very Islamic,” Wood writes.
ISRAEL - Prime Minister Benjamin Netanyahu paid a visit to the Western Wall on Saturday night, just hours before flying to Washington on one of the most contentious visits there by an Israeli prime minister in recent memory. With the Wall as his backdrop, Netanyahu said he wanted to visit Judaism’s holiest site before embarking on his trip Sunday morning to Washington, where his scheduled speech before Congress on Tuesday has placed him at loggerheads with the White House.
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.
Disclaimer:
The views expressed in this section are not our own, unless specifically stated, but are provided to highlight what may prove to be prophetically relevant material appearing in the media.