USA - The World Bank warns in its latest report that the withdrawal of stimulus by the US Federal Reserve could throw a "curved ball" at the international system. Half the world economy is one accident away from a deflation trap. It is a remarkable state of affairs that the G2 monetary superpowers - the US and China - should both be tightening into such a 20 percent risk, though no doubt they have concluded that asset bubbles are becoming an even bigger danger. It is not hard to imagine what that shock might be. It is already before us as Turkey, India and South Africa all slam on the brakes, forced to defend their currencies as global liquidity drains away.

ICELAND - Iceland let its banks fail in 2008 because they proved too big to save. Now, the island is finding crisis-management decisions made half a decade ago have put it on a trajectory that’s turned 2 percent unemployment into a realistic goal. While the euro area grapples with record joblessness, led by more than 25 percent in Greece and Spain, only about 4 percent of Iceland’s labor force is without work. Prime Minister Sigmundur D Gunnlaugsson says even that’s too high.

EUROPE - The European Union is secretly developing a "remote stopping" device to be fitted to all cars that would allow the police to disable vehicles at the flick of a switch from a control room. Confidential documents from a committee of senior EU police officers, who hold their meetings in secret, have set out a plan entitled "remote stopping vehicles" as part of wider law enforcement surveillance and tracking measures. "The project will work on a technological solution that can be a 'build in standard' for all cars that enter the European market," said a restricted document.

USA - The American people aren’t falling for NSA’s propaganda. They want the rogue agency reined in. But Obama refuses to rein in the NSA, Dianne Feinstein says that Congress “doesn’t have the votes” to do anything about mass surveillance, and at least some judges are supporting the NSA’s spying. But states are trying to fight back. Legislation has been introduced in 10 states proposing one or both of the following: Cutting off water, electricity or other resources to NSA facilities [and] prohibiting the state’s cooperation with the NSA. Democrats who support the NSA will be vulnerable next election, and progressives need to re-claim freedom from mass surveillance as a core issue.

PHILIPPINES - After five decades of bloody conflict, the southern Philippines could soon be open for investment, after a peace agreement was reached this weekend between the government and Muslim insurgents. The area where the conflict was the most intense — particularly the 38,000 square mile island of Mindanao — has been long-coveted by Philippine investors, foreign governments and multinational mining companies alike. In 2006, the US embassy in Manilla estimated that untapped natural resource wealth in the country could be worth as much as $1 trillion, in a cable later made public by Wikileaks.

USA - Air Force Secretary Deborah Lee James said Wednesday the service will “get to the bottom” of a systemic problem in its nuclear force, where 14 percent of officers reportedly have been at least temporarily removed from active duty after allegations of cheating on a proficiency exam. “We do have a systemic problem,” James said at an Air Force Association event in Arlington, Virginia. “The need for perfection has created way too much stress and way too much fear.” The Air Force is also looking at improving pay and career options and addressing problems such as burnout and micromanagement in an attempt to make the career field more appealing for new airmen, she said.

GERMANY - US Secretary of State John Kerry plans to visit Berlin on Friday in an attempt to repair the damage done by the NSA spying scandal. German officials aren't expecting any official apology, and the trip comes at a difficult time in trans-Atlantic ties. A government spokesman confirmed that Kerry will visit Berlin during a trip to Germany on Friday. Kerry is a scheduled speaker at the prestigious Munich Security Conference this weekend, but he plans to meet with his counterpart, German Foreign Minister Frank-Walter Steinmeier in Berlin on Friday. A meeting with German Chancellor Angela Merkel is also planned.

JAPAN/USA - If hundreds of tons of radioactive waste were being pumped into our oceans daily — so much so that it began to affect our food sources and increase our rates of mortality — then they would tell us, right? Apparently not! Who “they” are I cannot say, but they obviously have a reason for not telling the people that the food that they are eating could kill them.

USA - Samples of milk taken across the United States have shown radiation at levels 2000 percent higher than EPA maximums. The reason that milk is so significant is that it is representative of the entire food supply. According to an article published on Natural News, “Cows consume grass and are exposed to the same elements as food crops and water supplies. In other words, when cows’ milk starts testing positive for high levels of radioactive elements, this is indicative of radioactive contamination of the entire food supply.”

EUROPE - Outside the Brussels bubble, people out there in the real world are struggling with euro-induced poverty, unemployment, and powerlessness. The European election will be a golden opportunity for those who do not have a strong voice in the present parliament to shout in a very clear fashion, "No to the United States of Europe" as envisaged by EU justice and fundamental rights commissioner Viviane Reding. There is growing disillusionment and anger about the EU across the European continent, not just in the UK; and Eurosceptics of every hue will seek to channel these democratic hopes and economic fears into a force ready to take on those who wish to keep on building a failing centralised state, headquartered in Brussels.

EUROPE - German Finance Minister Wolfgang Schaeuble Monday defended Germany's trade surplus, which has been criticized for bringing about imbalances between European member states, and said EU treaty changes were needed in order to make sure important decisions such as the creation of a Banking Union can be made more efficiently. "Changes of treaties have become increasingly difficult. We need to do something about that. We want to make Europe stronger. We want to make Europe more competitive," Schaeuble said.

EUROPE - Chairman of the Iranian Parliament's National Security and Foreign Policy Commission Alaeddin Boroujerdi said that undoubtedly, the return of terrorists to Europe will create severe crisis in that region. According to reports, some EU intelligence agencies have even held secret meetings with Syrian government officials about their concerns. The talks involve British, French, German and Spanish spy agencies. The International Center for the Study of Radicalization estimated last month that nearly 2,000 militants from western Europe are involved in the conflict in Syria.

CHINA/JAPAN - Anti-Japanese sentiment in China runs deep, fueled by memories of Japan’s brutal invasion and occupation during World War II. These feelings have been strengthened by the Chinese education system and state-controlled media, along with frequent examples over the years of half-hearted and waffling contrition on the part of the Japanese government. They have even been absorbed into the national narrative of China’s rise, such that China will only receive the official stamp of superpowerdom once Japan has been fully eclipsed in East Asia - politically, economically, and militarily.

RUSSIA - Fears of bank runs have escalated with the news that Russian lender ‘My Bank’ has banned all cash withdrawals until next week. “Bloomberg reports that ‘My Bank’ – one of Russia’s top 200 lenders by assets – has introduced a complete ban on cash withdrawals until next week. While the Ruble has been losing ground rapidly recently, we suspect few have been expecting bank runs in Russia. On Saturday it emerged that HSBC was restricting large cash withdrawals for UK customers from £5000 upwards, forcing them to provide documentation of what they plan to spend the money on, a form of capital control that more and more banks are beginning to adopt.

UK - It’s been calculated that it takes about 27,000 bees to make a jar of honey. In a good season a single hive can produce about 60lb of honey. Bees fly about 55,000 miles (that’s the equivalent of one-and-a-half times round the world) to make a single pound. For centuries honey has been said to possess numerous health benefits. Because of honey’s very low water content it’s thought to prevent the growth of harmful micro-organisms, while it also contains hydrogen peroxide which is hostile to bacteria. Recent research has involved using honey to treat wounds and burns and combat MRSA.